₦airaland Forum

BarryX:
Actually, the "preposterousness" of the whole situation lies in your statement.

Why lampoon a document you haven't had the privilege of reading

You used four insultive words in just two sentences you manage to string. Haba ma na

miky:
you are the fool, agriculture, finance, retail, automotive are the only sectors growing, oil has been declining.. if you doubt or dissaprove, show proof?

http://www.vanguardngr.com/2014/05/nigeria-loses-n1-3trn-decline-crude-revenue/

if oil has decline how come we have growth in gdp of about 6.23%, perhaps its non-oil, you egghead..

omenka:
Yeah!!! And the blame shifting plot begins to take shape!!

Madam, you should be ashamed of yourself. Under Jonathan, and under your supervision, we recorded some of the most catastrophic fiscal imprudence. How many jets were added to the presidential fleet under your watch?? Were they necessary?? Under your watch, billions were spent on feeding pets in Aso Rock and maintaining the lawn. Under your watch, cutlery were budgeted for every year when we know even in your own house, they can be used and reused for up to 5years!! Under your watch billions was allocated for the feeding of the president and vice. There are way too many scandalously stupid expenditures you endorsed even at the presidential level, and here you are covertly trying to absolve yourself and your employee for the mess we now find ourselves. If you had given good counsel as is expected of you perhaps the effect of the oil price crash wouldn't have been so obvious.

When you sit atop your lofty table in your penthouse office accommodation, you could blame all you want over your failure, but the down trodden and average Nigerian have no one to blame but to look to God for salvation. They bear the brunt of your incompetence and that of your paymaster.

Shame on you all.

great1:
hasn't Nigeria always been like this?? Jungle I suppose...

emmasege:
Well said. It even starts from the way we address our president even behind his back. I remember visiting d US some years back and every American I met would say President Obama & First Lady Michelle in all our conversations. I found it strange & asked myself why such culture is not in Nigeria. We insult our president anyhow. Even d old farmer in Otta couldn't have taken one tenth of the insults he hurls at the incumbent, when he was in Aso rock.
Sometime ago, Gbenga Aruleba insisted that one of his guests on focus Nigeria correct himself by saying President Jonathan & not Jonathan on his programme. I wish he & his colleagues in d electronic media could instil this culture in Nigerians. I personallyrsonally think we all need attitudinal change.

Ovamboland:
See the reason majority of voters in the SW voted for Jonathan is not necessarily the same reason majority of voters in SE/SS preferred him in 2011. Likewise today the reasons a large section of SW wants to vote Buhari in 2015 is not exact same reasons for his cult following in the North. It is only called convergence of aspirations.
We cannot sacrifice our life for another 4 years to shore up and support incompetence because a terrorist group also wants the same ends. It has been proven now that the reason Nigeria is poorly run is not because of the ethnic group or religion of the president. In the last 16 years southerners and christian lead Nigeria for 13 years and we are still hopeless and messed up.

great1:
why are Nigerians so trusting, especially when they know the people they are trusting aren't trust worthy themselves??.

Tinubu is only playing politics for his pockets, yet some youths are willing to sacrifice their lives for him... Jonathan may have turned out to be one of the most liberal/controversial president we have in Nigeria, but yet, every rat, cockroaches and caterpillers wants to take shots at him.

Its human nature, we abuse what we don't fear.

So why would a "responsible" politician use the word "by every means necessary"?? I find this comment flawed, disturbing, inciting and should not be accepted in our current political climate... Lets remember what happened in 2007 when OBJ promised a "do or die affair" and we took him for granted, we lost count on those who died as a result of his utterance.

Though the PDP was known to use thugs in the past, but have we really had such elections lately compared to when that Chimp from Ota was in power?? He rigged elections with impunity and murdered those who stood in his way. Where was Tinubu then?? did he dare say any of such words

Lets appreciate what we have for once and say enough is enough of all these incitement... Its really getting out of hand, and if we do not say something, soon we will see the result of our silence... TOTAL CHAOS

Yesterday was Amaechi, today Tinubu tomorrow might be Tompolo, maybe...


Despite our political differences lets stop dragging the highest office into mud... the whole world is watching us.

since1914:
That is not even the problem, because, most Nigerians have no problem with paying more taxes. The only problem they have is when the taxes paid are mismanaged. In fact I have always said that if we paid more taxes in Nigeria, people will be less tolerant of corrupt public officials. Just imagine paying 40,000 Naira out of your 100,000 Naira monthly salary, as taxes. You won't go home quietly if any part of that sum is embezzled by any man, we would visit him at home and lynch him publicly. If government increases taxes and we no longer need to buy fuel for our generators because of constant electricity, or if it leads to good and affordable healthcare, then that is progress. Unfortunately, there is no sign that, that will be the case if we agree to pay more taxes.

Before we even talk of increasing taxes we need to take a holistic look at the current tax system and administration in the country. Casual observation shows that we still haven't even exhausted all the avenues of taxation in this country, because there are so many people that are yet to be brought under the tax net. Secondly there is also a lot of leakages in the tax system. The level of corruption at the FIRS is staggering. Most tax officials are living far above their means, this by the way is not a speculation-am speaking from first-hand experience. Tax officials are conniving with tax payers and multinational companies to defraud the government, they are renegotiating tax rates and outrightly grants waivers upon receipt of kickbacks.

The Finance Minister needs to rise up to the ocassion rather than dish out blames, we have long gone past that stage. Now is the time to regain the trust of Nigerians. For a start, now is a golden opportunity for the government to convince the masses about total subsidy removal. Now that the international oil prices have dropped significantly, government should either reduce the pump price of fuel or admit publicly that she is spending a lot less on subsidy now. Which means that we should still have unspent subsidy money in this year's budget.

theM16:
She is a blatant liar. I always knew that from when she started forming like she was doing us a big favor by being a minister cos she left world bank. Bullshit. How much she dey earn for world bank wey she no go allow us hear word. Opportunists everywhere

As usual Nigerians are already falling for her nonsense, during the NSE annual conference, she claimed that a recurrent expenditure of 77% accrued to govt spending is unsustainable, but when she wanted to proffer solution to budget deficit she said, she will increase taxation, now a cut in house of assembly and ministerial allowance will float the economy faster than increasing taxes especially at the sea ports, where importers will seek Cotonou as a more viable alternative.

She claimed that the reason she is paying half subsidy in 2015 is because oil price has dropped as well as the landing cost, but it doesn't bother her that the pump price remains 97naira against all favorable odds?
If the cost of purchase is low, logistics is low as such subsidy is low, why is the pump price still high, some say it is not deregulated, but our deregulated AGO speak otherwise of that position.

Since Diesel is deregulated, I expected a sharp drop in price of diesel with fall in crude prices, but then when the Govt dont pay subsidy and probably tax the products at point of entry, the importer just sums it up at the pumps, the resultant effect to the end user is outrageous while the Govt pretends to be saving money.

Nigerians need to know that Deregulation of the downstream sector as enshrined in the PIB makes money for the Govt through their pockets but the majority of m0r0ns running the streets of Nigeria think otherwise.

When oil prices was high for over 4yrs, the Naira never appreciated, but each CBN governor was deluding himself that he is keeping the naira stable, if the ECR is shared and stolen, foreign reserve is stolen as well, Iweala's common sense should tell her to appreciate the naira
that will leave less money in the hands of the thieves.

why in less than a month of this oil crisis Nigeria is facing austerity measures if the reserves have not been stolen?

Vote your choice of candidate but if you return this govt of poverty with your vote, God will return serious poverty in your families not even tithe will save you this time. what is so special about mediocrity and incompetence in governance?

buJu234:
I have found that those that support corruption are more than those that are against it in Nigeria.

So in a democracy majority wins d vote.

More to corruption...

Wat a pity

abbccc:
http://www.thisdaylive.com/articles/petroleum-minister-alison-madueke-elected-first-opec-female-president/195193/

anonimi:
I really pity this your Akigbemaru (He who screams to slim down) job oh

Perhaps you are not aware of the Russian Central Bank's response for even an economy that has some industrial base unlike ours.



Thankfully the economic foresight of the dynamic duo of Jonathan/Sambo team that has led to growth in our agricultural and automobile sectors etc will make the impact less than it would otherwise have been when the clueless federal governments that we had previously did NOTHING concrete to sustain, talk less of expand, our industrial base.

BTW, may I advise you to find a better way of earning your livelihood!

barcanista:
We need a change in government. Our Fiscal Policy has been counter-productive due to high rate of corruption plus high cost of running government. Nigerians save your future, kickout the incumbent with your votes..plssssss

Boss13:
A funny approach to the topic. However, on an honest note, we are heading for economic disaster. The naira, presently, is shooting up to N180 on the street. Now that official rate is N168, black market price will shoot further to N190. This will further give rise to increase in the importation of goods into this country and a further price hike in goods and services. I predict a double digit inflation rate as a result of this because we are a huge consumption economy. The government need to tighten its fiscal and monetary policies immediately and begin a spiral economy boost by enabling all sectors of the economy to thrive. I will not be surprise if more people begin to hold and transact with dollars.

Oil dependency has gotten us into this mess. The price for oil will not go up again. This news brings tears and pains because we should have seen the writing on the wall. Obama swore to bring an end to increase Oil price and immediately they started their research on Shale Oil. Our government, especially our honourable Finance Minister, who is also expected to assess the risk, decided to relax and told us that if US don't buy our oil, other countries will but she has also forgotten that if US sells Shale Oil at a cheaper rate, the market dynamics will change and loyal Nigerian customers will change their buying preference.

BarryX:
So they have succeeded in impoverishing us

Or what does that mean to a Nigerian on the street hustling for his daily bread?


Apparently, The opposition will have a field day castigating the government citing how "clueless" and whatnot. I don't know what they would have done differently if saddled with the responsibility.

Note the biggest problem mentioned is the passage of the PIB - which some lazy bones from the other side of the divide don't want want to see or pass.

The problem with Nigeria rest squarely on some mofos up there.

citizenisb:
http://www.zerohedge.com/news/2014-11-25/nigeria-raises-rates-devalues-defend-collapsing-currency-oil-price-blowback-spreads

Having exposed the demise of various oil-producing nations' currencies previously, it is noteworthy that Nigeria folded today and devalued the Naira peg to the USDollar by over 8% from 155 to 168 and widened its 'intervention' bands from 3% to 5% (the upper band is where the market is trading).

Furthermore, the central bank raised rates from 12% to 13%.

All oil-producing nations are seeing dramatic pressure on their currencies since oil topped...

The adjusted peg appears to 'try' to cap the collapse of the currency at current levels after the old peg-band was crushed a few weeks ago... and Nigeria is rapidly running out of reserves to defend its currency.

simplemach:
Ok, lemme give u the condition as stated out by a Rev. Father in a wedding i once attended in kaduna.
The Rev. Father said, yes, u can divorce but with this condition. That u will gather thesame exact crowd that witnessed the wedding (nobody should be absent) seated before thesame priest who joined the couple. Then the divorce procedures can commence.

"I was not planning having sex with him. After our outing one faithful Sunday we both came back home he went to his room and called for a bottle of water, I entered his room with the water he held me and gave me a wilt kiss I couldn’t hold myself as a lady that finished seeing her menses, neither do I have a sachet of condom in the whole house I gave up to him. He continued, subsequent times was very easy for him because he has known my weak point".

Weselion:
you that went to an expensive school without guarantee of getting a good job in the nearest future, its not bad if you told us what he did instead of running your mouth.

Na ur type dey lick oyibo shoe for phoenix and spintex

KnightsTemplar:
Hi read your post on your other tread, you are indeed handling your status well. My question is this, not trying to be invasive though, u said the nature of your ex's job, pre exposes him to probable infection, hence the need for a regular 6 months Tests, now is it possible that the virus is dormant in his body, unable to be detected, but still has the propensity of infecting another person....hope u r doing OK.

zendy:
You want answers and proof yet you do not want to read any of the books I have listed. You can't even read "Emeka" written by Frederick Forsight who is one the most respected writers in British history and was even present throughout the Entire Biafran debacle. I read most of these books including Elechi Amadi's Sunset in Biafra before I left secondary secondary school. I have read books on both sides of the argument to reach an informed decision. If you cannot read any of the books I have listed except that of the disgruntled Elechi Amadi,then don't come here for name calling and showcasing your ignorance. Go and read the books I listed then come back and make informed comment about Ojukwu and if you feel you know more about Ojukwu and Biafra than the great historical writer called Frederick foresight (who was a BBC reporter inside Biafra) then your ignorance is getting dangerously close to stupidity.

logica:
You apparently speak of the enclave you come from. I know for sure when the Europeans came upon the Oyo Empire, they marveled at the system of governance which they admitted was on a high level of sophistication. Yes, go read about the Oyo Empire.

logica:
You apparently speak of the enclave you come from. I know for sure when the Europeans came upon the Oyo Empire, they marveled at the system of governance which they admitted was on a high level of sophistication. Yes, go read about the Oyo Empire.

studded:
My dear brother, I beg to Disagree with you o (if u won't mind) Loosing territories to terrorist groups like BH is not peculiar to Nigeria o. Have u 4gotten Al-Qada and most recently; ISIS?

All what the Nigerian army need is our full support and prayers

all4naija:
Please, do your research and correct that line in bold.

Weselion:
sorry to say this brother but you really feel inferior, have you ever bothered to do a google search about black inventors, you won't bother coz you think the whites invented everything. Philip emeagwali (Nigerian) invented the world fastest computer, the whites did not glorify him like other inventors cos he's black. If you think you are an animal coz you are black, pls do not categorize all blacks, civilization started in Egypt, Egypt thought the whites and Romans the meaning of colonization.

LordaGuru:
Yes o! China did not start developing until they dug deep into their own heroic history and woke up to the fact that they are not second fiddle to any race. Let's wake up for the sake of our Children and next generation.

citizenisb:
http://www.punchng.com/news/oil-slump-fg-unveils-austerity-measures/


The minister stressed that even though the drop in oil prices was a serious challenge, it was also an opportunity for the country to refocus efforts towards the non-oil sectors in preparation for a future with less oil revenue.

As part of the efforts to reduce expenditure, she said international travel within the public service would be severely curtailed, adding however, that critical infrastructure projects would not be affected because they were key to economic growth, development and job creation.


She stated that the decline in oil prices had given additional impetus to the Federal Government’s focus on increasing non-oil revenues.

In this regard, the collection target for the Federal Inland Revenue Service, which has been working with Mckinsey to increase receipts will be revised upwards for next year.

Se said the country had recorded good success in reaching the initial target set this year of N75bn; noting that so far N65bn of this had been collected.

For 2015, the minister put the revised target at N160bn above the 2014 base.

Okonjo-Iweala also unveiled plans by the government to introduce what she called “tax on luxurious goods,” stating that this was a part of measures aimed at increasing revenue from non-oil sources.

She said that users of luxurious items, such as private jets, yachts, alcoholic beverages and expensive cars, would be required to pay special taxes for such goods.