₦airaland Forum

DrayZee:
Some are even saying Messi is better because he has Five Ballon D'or's. That's like saying because Real Madrid have 11 Champions league trophies, they are the best in the world , and no club will be better than them until that club surpasses 11 Champions league titles Ronaldo has had arguably the best year of any football player that has ever existed.

111jideofor:
I still find it funny that most people
don't know why Nigeria economy
went into recession, they love the
incompetent lies of Lai Mohammed
about the past government ruining
everything. It's also myopic to think
that if Jonathan were to still be in
power, we would be worse off.
The truth about Nigeria's recession
is this; it was caused by the
president's unguided rhetoric and
uncultured body language.
Firstly, there is nothing we are
buying today that we weren't buying
5 years ago, therefore it's not our
purchase that put pressure on Naira
but withdrawal of funds by foreign
investors.
After the election, the president
created instability with his unguided
statements about how everyone is
corrupt and how everyone is going to
jail. The instability made foreign
investors to liquidate their
investment and change their money
to dollars. In the process of trying to
flee, they were willing to buy dollars
at any price, which lead to high
exchange dollar rate.
Even though some of them were not
ready to run away, but want their
money in dollars to save their
investments from devaluation, the
president gave a bad signal by
banning deposit of foreign currency
into dormiciliary accounts. That was
enough for free market believers to
see the draconian handwriting on
the wall, that was the beginning of
dollar rush.
To make matters worse, the
president came up with another
outrageous policy of rationing dollar
to certain sectors and blocking many
sectors out. That was the nail in the
coffin which facilitated the
emergence of free FALL.
In the end, foreign investors took
over $80B out of the economy within
a short period and everything went
down to free fall.
To those who believe it will be worse
if Jonathan is still there, you are all
wrong. Policy continuity and political
stability will not let billions of
dollars leave our shores within such
tiny time frame. Even though the
government might have income
shortage, the private sector will
weather the storm by their
confidence in the market.
The fear of the unknown created by
PMB is responsible for the economic
downturn not low oil price. Interest
rate in America is currently at 0.5%
while it is 12% in Nigeria. JP Morgan
Chase will not mind borrowing $50
billion from Feds at 0.5 and put in
Nigeria for return of %2000 profit.
Citi bank will do the same, likewise
US Bank Corp. Chase gave Buhari
warning about the repercussions of
his fixing policy before they pulled
out, but his illiterate cyber warriors
and misseducated e-soldiers said
JPMORGAN can go to hell, they no
longer believe in economic metrics
since their messiah is in charge.
Funny enough they are all suffering
today because of the stupid policy,
but they find relief by blaming it on
past administration and Gucci
appetite of average Nigerians.
For your information, if your
president "kontunu" with his
unguided rhetoric, Naira will go
down to N1000/1 $. But we thank
God, he is no longer talking.

bettercreature:
Any government that tell you he paid 4billion naira to local government is actually paying with your intelligence
There is nothing like local government in south-west atleast from what i know
They are just paying salary of local government workers,no chairman,no secretary nobody there
The toothless caretakers are their stooge so i think fayose is not making any sense here

adimsmt:
Rochas is just substandard governor. All the project that guy did was substandard but Umahi is an Engineer by profession so if he followed Rochas way of constructions he will lose his licence as an engineer.

megawax8:
As much i recognize the fact that the work is solid, I still wonder how one totally abandons obvious problems and decide to build a landmark he'd want to be remembered for. This is ill-governance if i must say. To think that there aren't even cars not to talk of traffic in the state capital just makes me feel sick.(Heck, the cars parked at shoprite- Ikeja on a busy day is far greater than the total number of cars in Abakaliki).


#MisplacedPriorities

jinxet2000:
Imo state was not given. Maybe Rocha's said he doesn't need it in pretense to impress and give the impression he is managing well.
Meanwhile, why should the federal keep sharing money like this as if States are slaves. Well, same thing they do to the citizens, take their money and call them to file up while they share them tiny portion of the money in form of rice and #200.
Only in Nigeria will federal take all resources from all States and make the people pay high tax on what they make.
In US, States harvest their resources and everybody pay tax to FG.

otokx:
Bayelsa has still not paid workers over 9 months salary.

obailala:
Like I said earlier, your setimental attachment to GEJ will not let you discern even the best explanations with the clearest facts and figures.

I would leave you with just this simple chart below comparing crude prices vs Nigeria's growth rate. If you cannot still see the downward acceleration in line with the oil prices, if you can't still see how this downward plunge started during GEJ's time but only crossed below the zero mark after handover, then I doubt any other indices I present will make any sense to you. Good luck in your convictions, GEJ was a saint who made Nigeria Dubai but Buhari came in and reversed it all in one year.
www.nairaland.com/attachments/4178677_gdpvscrudeprice2_jpegc5856f214a58ffdca179aefcd84d6ffd

SUPERPACK:
invest it into AUTOMATED HYDROPONICS GARDENING, at least that amount will buy 2000 slots, then u can start planting tomatoes and other fresh vegetable in it, at the end u supply it to Malls and supermarkets, U should be expecting atleast 30% ROI per year. Alternative you can also go into normal GREENHOUSE VEGETABLE PRODUCTION.

MadamExcellency:
Abagworo can you please get lost and vanish from existence. How can you start defending what you don't know the details using google and other internet search engines?

The vanguard link you posted is part of Gov. Rochas wish lists that never happened, a media fabrication and no evidence subsist to this effect.

You don't know the evil master of deception called Okorocha and his use of media propaganda to sell mischief.

wiseguy:
The OP is saying the fact. What he said is the actual thing though like him I don't support the formula. The government should pay at least 70%

kutchs:
Nonsense and I say you are not only cruel but silly.
Rochas isn't responsible for the accumulated arrears then who is?
When he assumed office in May 2011 he inherited both assets and liabilities of Imo State Government. I didn't see him refuse to use the billions Ohakim left for him, so why should he not clear the arrears?
Obasanjo wasn't totally responsible for all the accumulated debts to the Paris Club and other financial institutions but he cleared and settled the debt back then so why make an excuse for Rochas?
Mind you Rochas has been in office for 67 months, isn't that enough to clear the arrears?
Na only God go punish una.

stan241:
Maybe some sort of link or a source to verify your claims.

psucc:
Op you're wrong on your assertion. NL is only a platform for copy and paste news. The news you are talking about is in the national dailies

If you want us to believe it is false, please go to the national dailies to refute it but before then,
1. Why did he has to ask the same pensioners to go on air that their arrears have been paid while giving them less than one-third?

2. did he not ask them to forfeit 60℅?

YouthsPC0:
Op how irresponsible can you get?

Like the first poster also said I think you might be suffering from the side effects of Rocha's rice

There were federal roads constructed by ohakim of which Rocha's received refunds why didn't your master Okoroawusa return the money on the guise that he was not the one who constructed them .

The nonsense you posted here can attract jaw shifting slaps and bone breaking beatings if you vocalise same in owerri .

babdap:
Op op how much were you paid? Just asking thou?

Teddywhiz1:
This guy will just be doing showmanship! Pay salaries no..... Pay pensioners no! It's a disaster! Come 2019 ifeanyi ararume must come and take over! Final

sujex94:
oga okorocha has been there since May 29th 2011.That is 68 months in power ...He is owing 95% of the arrears..dou u understand?

ScotsReferendum:
Rochas will never be President of Nigeria

All the money he steals from old people to play politics with, will be his Achilles's heels.

cool318:
You must be high on Abakiliki Weed
Who are you and where are you from
May the fate of the pensioners in Imo be yours --Amen

Blue3k:
Wow that's tragic. What did the government do to mess up pension fund this badly. Meanwhile Rochas is gave state legislature new cars and insurance to celebrate Christmas. War on curruption with no casualties.

http://www.trezzyhelm.com/2016/12/okorocha-presents-25-prado-jeeps-2-land.html?m=1