Jpphilips's Posts
Nairaland Forum › Jpphilips's Profile › Jpphilips's Posts
1 2 3 4 5 6 7 8 ... 27 28 29 30 31 32 33 34 35 (of 342 pages)
 Politics › Re: USA Barred Buhari In 2001 Over Plan To Islamize Nigeria - Atiku by jpphilips(m): 11:12pm On Nov 13, 2018 |
id911:People with IQ above 120 come online to show evidence, people with IQ -13 come online to whine. 3 Likes 1 Share |
| Politics › Re: USA Barred Buhari In 2001 Over Plan To Islamize Nigeria - Atiku by jpphilips(m): 11:09pm On Nov 13, 2018 |
NaijaRoyalty:The reason Atiku will fail in 2019 is the quality of oafs he hired for his campaign, I have never met an Atikulator that has an average IQ, online and offline, its either its below average or non existent. The president of a country is not a diplomat, hence not covered by diplomatic immunity, only an individual with powdered brain can come up with this nonsense. After nearly 4yrs he is yet to islamize anyone, the joke is on you  Meanwhile the CIA identified who sponsored Sharia against OBJ in 2002, guess who? Atiku Abubakar https://wikileaks.org/plusd/cables/02ABUJA3344_a.html Atiku talks, we provide proof. buhari was a rumor, Atiku is the real islamization deal. 3 Likes 1 Share |
| Politics › Re: USA Barred Buhari In 2001 Over Plan To Islamize Nigeria - Atiku by jpphilips(m): 11:04pm On Nov 13, 2018 |
alsudan:Bros, there is nothing like diplomatic immunity for Presidents, I know you didn't finish primary school but its ok, the internet space is for everyone. After nearly 4yrs he is yet to islamize anyone, the joke is on you Meanwhile the CIA identified who sponsored Sharia against OBJ in 2002, guess who? Atiku Abubakar https://wikileaks.org/plusd/cables/02ABUJA3344_a.html Atiku talks, we provide proof. buhari was a rumor, Atiku is the real islamization deal. 2 Likes |
| Politics › Re: USA Barred Buhari In 2001 Over Plan To Islamize Nigeria - Atiku by jpphilips(m): 10:59pm On Nov 13, 2018 |
NaijaRoyalty:After nearly 4yrs he is yet to islamize anyone, the joke is on you Meanwhile the CIA identified who sponsored Sharia against OBJ in 2002, guess who? Atiku Abubakar https://wikileaks.org/plusd/cables/02ABUJA3344_a.html Atiku talks, we provide proof. buhari was a rumor, Atiku is the real islamization deal. 2 Likes |
| Politics › Re: USA Barred Buhari In 2001 Over Plan To Islamize Nigeria - Atiku by jpphilips(m): 10:58pm On Nov 13, 2018 |
NaijaRoyalty:Atiku said this nonsense since 2017, but a useless moderator featured it on front page in 2018, meanwhile Atiku is yet to provide proof of his claim till date. Atiku we know who was barred from the USA, dont worry yourself. 2 Likes |
| Politics › Re: USA Barred Buhari In 2001 Over Plan To Islamize Nigeria - Atiku by jpphilips(m): 10:54pm On Nov 13, 2018 |
GSA01:You are comparing Atiku's case with modi's case? do you guys know anything? 1 Like |
| Politics › Re: USA Barred Buhari In 2001 Over Plan To Islamize Nigeria - Atiku by jpphilips(m): 10:47pm On Nov 13, 2018 |
NaijaRoyalty:After nearly 4yrs he is yet to islamize anyone, the joke is on you Meanwhile the CIA identified who sponsored Sharia against OBJ in 2002, guess who? Atiku Abubakar https://wikileaks.org/plusd/cables/02ABUJA3344_a.html Atiku talks, we provide proof. buhari was a rumor, Atiku is the real islamization deal. 3 Likes 1 Share |
| Politics › Re: Atiku Is Broke: Facebook User Pledged 100k Urge Nigerians To Fund Atiku Campaign by jpphilips(m): 10:17pm On Nov 13, 2018 |
tochukwuifediba:It can only come from a Tochukwu? 4 Likes 1 Share |
| Politics › Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by jpphilips(op): 9:50pm On Nov 13, 2018 |
AZeD1:Few Days ago, for the first time in a long while since the web of allegations trailed several privatization scams that occured between 2002-2007, Atiku Abubakar on his twitter handle took credit for the Liberalization of the telecommunications sector by bragging to another user his exploits in the said programme. Based on that development, I decided to remind Atiku other exploits in the privatization programme that murdered the destiny of hard working Nigerians including several youths whose sources of livelihood were fraudulently disparaged and rendered hopeless. Atiku without doubt took his well deserved glory for the privatisation of the telecommunications sector because it was one of the few privatized institutions that survived, conversely, when we talk about privatization scams like the Pentascope that killed Nitel, Alscon scam, Nicon insurance scam and so many others, Atiku's supporters will tell us OBJ was in charge. grin grin Is anyone still in doubt who orchestrated privatization scams all over the country? The culprit has spoken. A summary of Atiku's exploits as the chairman of National council of privatization (NCP) and El rufai as the DG of Bureau of public enterprises (BPE), Nigeria's Assets fell into the sinister hands of waiting carnivores who devoured our collective destinies for 5yrs, under Atiku's reign as NCP chairman, Nigeria was held hostage, thoroughly stripped, beaten and milked dry of its fortunes in a once in a lifetime scam called Privatization and concessioning. Under Atiku's watch, Vaswanis cheated Nigeria by short-circuiting due process, under a company called Avolon, to acquire Germany's 51 percent in Volkswagen. According to presidency sources, it was a breach of the pre-emptive rights of the federal government of Nigeria stated in section 151 of the Companies and Allied Matters Act 1990. Atiku liquidated NAFCON in 2005 for the sole purpose of selling it to O’Secul Nig Ltd owned by his fellow con artist James Ibori for $153m Thank God for Notore that later pushed out ibori to bring that company back to life. The BVI, however, had their reason. The National Council on Privatisation was aware of the under-hand deal. In a letter dated August 25, 2005, Atiku Abubakar, former vice president and chairman of the NCP, was informed by the Bureau of Public Enterprises, under Irene Chigbue, to waive Nigeria's pre-emptive rights to acquire the 61 percent shares of the German partners. While Abubakar knew then that the Vaswanis had been banished from the country, he blinked over the BPE request. Read more: https://news2.onlinenigeria.com/news/breaking-news/169013-how-the-vaswanis-loot-nigeria-the-brothers-get-n6-trillion-waiver-presidency-connection-national-standard-magazine.html#ixzz5FaujN7H8 Despite knowing Jimoh Ibrahim forged documents and a Memorandum of Understanding, MOU, which he used to acquire 70 percent of the National Insurance Company of Nigeria, NICON eventually was liquidated after The total assets taken out of the company either directly or through companies wholly owned and controlled by Jimoh Ibrahim and not properly accounted for amounts to N6.37billion. Delta Steel which was set up in 2005, at a cost of $1.5billion, was sold to Global Infrastructure for just $30million without bidding, Atiku said it is in the best interest of Nigerians grin grin Atiku ignored all recommendations from BPE and due process—to sell Delta Steel Company to Global Infrastructure instead of the winner of the bidding process, BUA Group.In fact Oby Ezekwesili attained celebrity status when she insisted due process must be followed to curb Atiku and obj's excesses, she was later nick named Madam due process. ALSCON, was set up with $3.2 billion, Atiku sold it to a Russian firm, Russal, for a paltry $130million. ALSCON had been given $120million for the dredging of the Imo River, but it was never carried out, Russal and Atiku disappeared with the money, igbos are complaining about dredging the river niger, but they have short memory that the ALSCON deal was supposed to dredge the Imo river, Imo river is easier and more economically viable than Niger river because it flows into the forcados river a major tributary of the river niger. Atiku and Russal disappeared with the money till date. Atiku literally dashed DAILY TIMES of Nigeria, to the Anosike brothers (Noel and fidelis) according to court records, Atiku did not privatize daily times in the true sense of the word, Daily times assets worth over $3b was used to secure a mortgage that paid for the take over, in other words Atiku packaged Daily times to sell and buy itself, once her assets was stripped, Atiku took off with Anosike brothers to the next unlucky company. How did Bluestar consortium take over the Kaduna refinery under Atiku's privatization? where is the $250m they paid at the time? the then CBN Governor swore an affidavit Nigeria did not get alert, grin grin grin An asset of the state sold while the money just vanishes, just like that? Atiku truly broke a record. How did SOLGAS company, headed by a 36 year old Seun Oyefeso, without the requisite expertise nor technical know how, took control of Ajaokuta steel, stripped its assets before OBj cancelled the deal, meanwhile Atiku has already swollen his tommy with the much Ajaokuta assets they could sell. Fear Atiku!! Oh!! the story of Sadiq petroleum and Atiku overnight take over of African petroleum, thank God for yaradua, Atiku finished this country, only a child will bother about Atiku. Then the Almighty pentascope scam, Atiku and Midget El Rufai executed the highest fraud in human history, The first group that came calling and qualified to buy NITEL was IIL (London) Ltd.; they could not purchase the company. Then Nasir El-Rufai and Atiku brought in PENTASCOPE from the Netherlands. The controversial body was said to have its HQ in an abandoned church in London meaning, no official office address. Amazingly, PENTASCOPE was given a carte blanche to spend the monies of NITEL without paying for NITEL first, they cleared its offshore foreign currency savings. A company that was actually a national strategic institution has not recovered from PENTASCOPE; or from TRANSCORP and other efforts to sell BY FORCE! In the meantime, Nigeria became a country where telephone landlines disappeared from homes and offices, just as the assets of NITEL that have not been stolen, have continued to rot, as our empty-headed ruling elite cling to the litanies of the church of privatization, as their route to the heaven of capitalist development! Atiku's intels and orleans after successfully taking over all our oil and gas free trade zones, in the document between NPA and Intels in 2005, referred to as the Consolidated Lease. OGEFZA unilaterally and/or illegally altered its name to read – OIL AND GAS FREE ZONES AUTHORITY. The word “Export” was deliberately deleted and the word “Zone” was deliberately pluralised in direct contravention of an extant Act of the National Assembly without a formal amendment of same as required by law, OGEFZA purported to exercise powers reserved for the President under the NEPZA Act by designating Warri, Calabar and Apapa as Free Zones in favour of Atiku's Intels/Orlean Invest There was allegations of Massive fraud against OGEFZA as regards NPA remittances, While the committee that investigated those fraud insisted that payment of the money into commercial banks rather than the CBN was a violation of section 19(1) of the BPE Act, There are major lapses in the retirement of advances, charges made by the project commercial bankers are deemed excessive and inconsistent, interests have not been credited on special account balance, expenses are incurred because no-objection was sought from the bank. Till date those fraudulent accounts was never audited. The fear of the three wise men of corruption in Nigeria is the beginning of wisdom https://www.vanguardngr.com/2011/08/obasanjo-atiku-killed-privatisation-chigue/ http://saharareporters.com/2007/09/26/privatization-scams-objs-era https://newsdiaryonline.com/atiku-approved-pentascope-contractel-rufais-statement-in-response-to-former-vice-president/ http://www.informationng.com/2013/04/atiku-lied-about-pentascope-deal-el-rufai.html 3 Likes 2 Shares |
| Politics › Re: Corruption Allegations: Goodluck Jonathan Attacks Osinbajo, Says VP Has ‘leprous by jpphilips(m): 7:50pm On Nov 13, 2018 |
Ojiofor:shut it!! Ignorant bingo 2 Likes |
| Politics › Re: Corruption Allegations: Goodluck Jonathan Attacks Osinbajo, Says VP Has ‘leprous by jpphilips(m): 5:52pm On Nov 13, 2018*. Modified: 7:58pm On Nov 13, 2018 |
But reacting in a statement made available to DAILY POST by Reno Omokri (for Dr. Goodluck Jonathan), the former President wondered why Osinbajo, who, according to him, was recently indicted by the House of Representatives for an alleged worse corruption in Nigeria, should point accusing fingers at him(Jonathan).Reno Omokri talks like someone on native drugs, the house of representative did not indict Osibanjo for corruption, they said the emergency funds he approved for NEMA was illegal because it didn't pass through parliamentary approval Which democracy in the world make emergency disbursements through the parliament? whoever investigated that matter should be crucified upside down, what makes it an emergency if it must go through parliamentary approval? Osibanjo merely referred them to section 35 of the BPE act that empowers him to make emergency approvals, I was expecting the HOR to challenge that decision in court, they never did but Reno is barking about illegality, does the HOR know about illegality more than the courts? let alone a professor of law? If an arm of government thinks there an illegality is committed, what is the right thing to do? challenge the decision in court. Reno chose to run along with parboiled information as usual because he knows he has r@tarded audience. “On the issue of debt, the fact remains that in the entire 16 years that the Peoples Democratic Party governed Nigeria, the total amount of money borrowed was ₦8.06 trillion Naira. These are facts sourced directly from the budget office controlled by the Buhari administration.Reno thinks Nigerians are f00ls, by March 2015 shortly before Jonathan left, Nigeria's total debt was 12T naira, recall that OBJ wiped out most of Nigeria's debt and Jonathan was the head of Yaradua's economic management team, hence, Jonathan was in play from 2007 to 2015. here is DMO evidence https://www.dmo.gov.ng/debt-profile/total-public-debt/62-total-public-debt-stock-as-at-31st-march-2015/file The right question Nigerians must ask Reno is this; why would a government that enjoyed the best of times in revenue earning, borrow as much as 12 Trillion naira? does that make sense? Is that not the amount of money countries borrow in time of crisis? why did we borrow it in time of plenty? even obasanjo with half of what Jonathan earned didn't make that mistake, yet Jonathan claimed to have a PhD but illiterates made better decisions. Still on the facts, Buhari's debt profile today is 22 Trillion, if you subtract the 12 Trillion he inherited from Jonathan, that will give 10 Trillion naira only. The right question to ask buhari just like we asked Jonathan; is this 10T borrowing justified under the circumstances, the answer is YES!! here is why. 1) Most of Buhari's debt stock are specifically tied to capital projects, these projects are expected to generate revenue that will aid the repayment of those loans unlike Jonathan's debt. in the real sense of it, we are not really indebted because we have infrastructural guarantees on these debts. 2) Buhari inherited an economy in crude oil shock with prices at some point in 2015 as low as $30/bbl, within a year of his administration with sustained low crude oil price, buhari's economy nose dived into a recession, from that point, it became imperative that the government must reflate the economy desperately, recession shrinks GDP, that means economic activities will decline, inflation and unemployment becomes imminent hence buhari borrowed to reflate the economy from imminent collapse, Jonathan did not have this challenge to such prolonged extent. Now, what Buhari did is a standard global practice if you wish to call it that, it has worked for several countries and it worked for Us. immediately buhari applied that formula, the economy jumped out of recession the next year. In 2008 when the US was in recession, obama approved a borrowing spending of over $831b due to the size of their economy called the obama stimulus plan to reflate it back, it worked, in 2012, Spain in recession borrowed a record $128b to reflate their economy, it worked, In the same 2012, Italy did the same, in all situations, the economy recovered. Reno omokri and his PDP cohorts must take responsibility for their senseless borrowing in time of plenty. “To show to Nigerians the profligacy and ineptitude of the current administration, I draw their attention to the fact that between July and August 2018, the Buhari administration claimed it had shared $322 million Abacha funds recovered by the Jonathan administration to the poor. Then a week after it made that announcement, the Buhari government borrowed $328 million from China.This is the most ignorant statement I have heard in years, I thought IPOB people are the dumbest, Reno just broke a record. Reno must be high on Black menses. The Swiss government agreed to release the Abacha loot with conditions, one of which is that it must be spent on a world bank supervised project in Nigeria under a tripartite agreement between Nigeria, Swiss and the world bank, now, world bank is already funding and executing the National Social Safety Nets Project in Nigeria since 2016 read about it here, http://projects.worldbank.org/P151488?lang=en So Nigeria had no choice than to expand the project by investing the money there because its a pre-condition for the release of those funds. The $328m Nigeria borrowed from China the next week was specifically for the Mambilla power project, if you divert Abacha loot to that, project who will release the money for you? Is the Mambilla power project a world bank project? Reno is an ignorant buffoon just like his boss!! 4 Likes 3 Shares |
| Politics › Re: Corruption Allegations: Goodluck Jonathan Attacks Osinbajo, Says VP Has ‘leprous by jpphilips(m): 5:50pm On Nov 13, 2018 |
saaron: IS BUHARI TRULY RESPONSIBLE FOR OUR ECONOMIC WOES? A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance? Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered. Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth. What are the effects of crude shock in oil producing developing economies? Forex scarcity: Most developing economies whether oil producing or not, depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession. Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession. Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford. In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation. Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency. Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate. The local currency is allowed to float along a band the cbn thinks may not be too hurtful on the economy. Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages. Okonjo iweala then finance minister and coordinator of the economy actually warned Nigerians in 2014 long before buhari came that the level of mismanagement will bring hunger to us, read here: https://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html If okonjo iweala saw this hunger in 2014, warned us about it, how can a sane person accuse buhari of bringing hardship? Between 2015-2017, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone? The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves, It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings). Permit me to take you down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS. This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that came the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings. Global economic meltdown is worse than crude shock because in a meltdown, major economies are affected, capital flight becomes common in developing economies, crude oil customers reduce demand thereby pushing prices lower, the saddest part is that no country has money to borrow anyone during global meltdown, yet Nigeria Survived it with Soludo's brilliant strategy. A strategy that was blatantly refused by the previous administration when suggested by Iweala, recall that Iweala worked with Soludo in that NEEDS team. Fast forward to 2015, Three out of the top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $90b in a $156.1b economy (57% of GDP in savings).You can see that the Robust reserve of Algeria was their savior in this modern crude oil shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time (3.8% of GDP), that amount is not even enough to pay for imports let alone absorb global shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings? Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg They not only devalued their currency, they equally allowed it to float like Nigeria's Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago. The kwanza fell 11 percent to 187.95 per dollar by 3:35 p.m. in Luanda and depreciated 10 percent to 221.75 against the euro. The move came a day after the central bank allowed the currency to weaken in its first auction of foreign exchange since announcing it would end a dollar peg that’s been in place since April 2016.....BloombergBorrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/ Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016. https://tradingeconomics.com/angola/unemployment-rate Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday. Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously. Poverty in Angola According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million. I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria saved a whooping $90b when the going was good, as such its economy was immune to crude shock. Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014. Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014. My country men, you can see that this suffering was brought upon us by mismanagement by the same people that are warming up to continue from where fate has left us, if buhari had $100b in our foreign reserve in 2015, we wont be hungry today, we wont lose our jobs, we wont lose our manufacturing industries, this is the truth that shall set us free! Some even blamed it on Avengers attack of 2016 Niger delta avengers was a non issue, if you noticed, I expunged them from my initial analysis, here is why; We were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock. If Avengers did not strike, OPEC would have asked us to cut production to boost prices, read: https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years So Avengers or any form of production cut at the time was a non issue. OPEC gave us production cut waiver because Nigeria has already declared force-majore in most of its crude oil export channels. Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow? The vice president being the economic manager of the country Launched the ERGP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks once again, not just crude shocks alone. (Algerian model) The moment that money crossed $40b mark, forex shortages disappeared, importers stopped complaining, manufacturers stopped complaining of dollar scarcity, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy, inflation immediately responded to the potency of the ERGP from 18.8% in 2017 to 11.23% in 2018. This reserve will boost investors confidence that the economy is liquid enough for profit repatriation, that is how the jobs will return, job creation is private sector driven, not govt. Among the three oil dependent economies in Africa that landed in recession within the same period, Nigeria was the first to exit recession, that was historical & mind blowing, despite fighting terrorism and with a massive population, we did it first before any other country. By Blocking loopholes Our Federal allocation that used to be a misery 311b naira in june 2016 is between 600-700b naira in presently. This volume if held steady will continue providing liquidity that will surely inflate the economy. Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects, rightly put, the economy is being diversified towards gas. (Russian model) https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/ As you can see here, Manufacturing is gradually expanding, next will be jobs returning on its own https://www.thisdaylive.com/index.php/2018/07/08/cbn-at-57-0-pmi-manufacturing-sector-expanded-in-june/amp/ We don't need Atiku's stealing to truncate an economic process already in recovery. In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. Buhari is like a mechanic that was given a car to fix, only for the car owner to accuse him of being the problem of the car when he is yet to fix anything. We shall never go back to past governments whose inaction landed us in this mess in the first place. leadership in the past that we tasked to privatize our establishments, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished? Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners? Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lies peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku, we cant move from Abacha loot to Atiku loot at this perilous time. It will be very dangerous and retrogressive to have a leader that is in bad terms with the international community, remember that the united states is the Fulcrum of our war against insurgency, one will argue that if America doesn't sell arms to us we go to Russia, the world works differently now under Donald trump, ask yourself, why did Jonathan not go to those people when America sanctioned him under the Leahy's ban? Yet he sat idly and watched Boko haram slaughter tens of thousands eventually took LGA's? American ban is as good as a global ban, recall how South Africa seized funds Jonathan wanted to use for arms purchase, please dont ask me what is South Africa's business with a US ban, that is how the world works. In 2017, the US congress passed a law called Countering America's Adversaries Through Sanctions Act, CAATSA to promote the America first agenda while sanctioning countries that do business with American's enemies. If Atiku (God forbid) becomes the president as much as thinks about going to Russia for help, Nigeria will end up in CAATSA web, and that is when the true Hunger will manifest. Can you live under a US sanction like North Korea and Iran? can you live with a Boko haram that is out of control? A boko haram that once bombed Abuja for fun but Today the once Almighty Shekau is in hiding? what about other support we get from the US like the USAID? free immunization? Polio prevention? HIV and AIDS vaccines? Machinery and oil and gas technologies etc? are you willing to throw away all these because of a criminal whose greed led him to commit atrocities in the United states or hate for Buhari that is built on lies? When faced with these realities, Atiku will never achieve anything, rather he will steal what we have left and disappear like he did in the US. May God help us!! Watch Peter obi summarize this analysis https://twitter.com/i/status/1058007016810123264 4 Likes 2 Shares |
| Investment › Re: Treasury Bills In Nigeria by jpphilips(m): 5:30pm On Nov 13, 2018 |
ahiboilandgas:Though you didn't answer my question, I will answer yours, if income decreases, the state will dispose off its assets to raise money, next will be to cut budgets and subsidies eventually increasing taxes, all cards are on the table. About crude becoming irrelevant like coal, that must be a joke in this particular scenario, have you wondered how Nigeria made the paradigm shift from coal to crude? now answer my question, what happens when income increases? 6 Likes |
| Politics › Re: Victor Uwajeh: US War College Confirms Buhari Didn’t Submit Any Credentials by jpphilips(m): 4:53pm On Nov 13, 2018 |
IbrahimDamola:Stop smoking that nonsense you are smoking, who did you discuss that with? |
| Investment › Re: Treasury Bills In Nigeria by jpphilips(m): 4:41pm On Nov 13, 2018 |
ahiboilandgas:Does a 50:50 debt to income ratio mean default? what do you think will happen when income increases? |
| Politics › Re: Five Per Cent Allocation To Education Too Small – Buhari by jpphilips(m): 4:37pm On Nov 13, 2018 |
Magalan:Oh! buhari abandoned it? lol, you guys are pathetic!! |
| Politics › Re: Victor Uwajeh: US War College Confirms Buhari Didn’t Submit Any Credentials by jpphilips(m): 1:58pm On Nov 13, 2018*. Modified: 4:57pm On Nov 13, 2018 |
princfred:What you need to do if you are truly a concerned Nigerian is juxtapose the decisions of the illiterates with that of the so called Phd's to convince us how better we have fared over the years, I suppose that the economy is a true reflection of a leader's academic sagacity. Lets go to the facts; OBJ as an illiterate farmer created the excess crude account from which we paid off over $12b Paris club debt that reasonably freed up our budget, another $16b was equally used to lay the foundations for most of our power plants in the NIPP initiative, he equally left us with a robust foreign reserve so good that the Nigerian economy was immune to global shocks (in the words of Soludo), that simple strategy saved us the agony of global economic melt down, we practically did not feel it.......OBJ the Illiterate at the time. Jonathan with a Shiny PhD earned one of the highest crude prices in our history, despite inheriting those accounts OBJ left behind and also inheriting one member of OBJ's economic team, by early 2015, Jonathan has borrowed over 12T naira in affluence, not only did he push us to the brink of indebtedness, he proudly told us that the best he had in Savings was a miserly $29b for our $500b economy at the time. Not minding that one of our competitors in Africa, Algeria saved $195b for their $158b economy at the time. The consequences of Jonathan's PhD ingenuity was one that Nigeria lost her ability to withstand global shocks, unfortunately, one global shock arrived (crude oil price shock) Jonathan's paltry savings could barely pay for imports, which led to severe dollar shortages, high inflation (high cost of living), severe unemployment etc..........Jonathan the PhD holder Then came another illiterate buhari, despite meeting an economy in tatters, severe terrorism threats, crude oil price shock etc, he inherited one member of Jonathan's economic team just like the PhD Jonathan did with OBJ's, he quickly rallied our reserves to a whooping $47b in just 3yrs, immediately that was achieved, dollar scarcity disappeared, traders and manufacturers stopped complaining of dollar scarcity, inflation dropped from a whooping 18.8% in 2016 to 11.28% today........Buhari the illiterate Here comes my question to you, between this three individuals, who dis-serviced this country? I need a very honest answer hinged on facts like I presented not emotions. 2 Likes 2 Shares |
| Politics › Re: Victor Uwajeh: US War College Confirms Buhari Didn’t Submit Any Credentials by jpphilips(m): 1:41pm On Nov 13, 2018 |
abdulwastecx:Did South Korea recently dethrone and imprisoned her president because of corruption Yes or No? 1 Like |
| Politics › Re: Victor Uwajeh: US War College Confirms Buhari Didn’t Submit Any Credentials by jpphilips(m): 1:35pm On Nov 13, 2018*. Modified: 5:00pm On Nov 13, 2018 |
abdulwastecx:What you need to do if you are truly a concerned Nigerian is juxtapose the decisions of the illiterates with that of the so called Phd's to convince us how better we have fared over the years, I suppose that the economy is a true reflection of a leader's academic sagacity. Lets go to the facts; OBJ as an illiterate farmer created the excess crude account from which we paid off over $12b Paris club debt that reasonably freed up our budget, another $16b was equally used to lay the foundations for most of our power plants in the NIPP initiative, he equally left us with a robust foreign reserve so good that the Nigerian economy was immune to global shocks (in the words of Soludo), that simple strategy saved us the agony of global economic melt down, we practically did not feel it.......OBJ the Illiterate at the time. Jonathan with a Shiny PhD earned one of the highest crude prices in our history, despite inheriting those accounts OBJ left behind and also inheriting one member of OBJ's economic team, by early 2015, Jonathan has borrowed over 12T naira in affluence, not only did he push us to the brink of indebtedness, he proudly told us that the best he had in Savings was a miserly $29b for our $500b economy at the time. Not minding that one of our competitors in Africa, Algeria saved $195b for their $158b economy at the time. The consequences of Jonathan's PhD ingenuity was one that Nigeria lost her ability to withstand global shocks, unfortunately, one global shock arrived (crude oil price shock) Jonathan's paltry savings could barely pay for imports, which led to severe dollar shortages, high inflation (high cost of living), severe unemployment etc..........Jonathan the PhD holder Then came another illiterate buhari, despite meeting an economy in tatters, severe terrorism threats, crude oil price shock etc, he inherited one member of Jonathan's economic team just like the PhD Jonathan did with OBJ's, he quickly rallied our reserves to a whooping $47b in just 3yrs, immediately that was achieved, dollar scarcity disappeared, traders and manufacturers stopped complaining of dollar scarcity, inflation dropped from a whooping 18.8% in 2016 to 11.28% today........Buhari the illiterate Here comes my question to you, between this three individuals, who dis-serviced this country? I need a very honest answer hinged on facts like I presented not emotions. 2 Likes 1 Share |
| Politics › Re: Victor Uwajeh: US War College Confirms Buhari Didn’t Submit Any Credentials by jpphilips(m): 12:48pm On Nov 13, 2018 |
IbrahimDamola:So a memo that says NO UNDERGRADUATE or POST GRADUATE requirement was required automatically means NO POST SECONDARY CERTIFICATE? It shall not be well with anyone that contributed these powdered brains in our population. Jeez!! Did buhari claim to be a graduate or a post graduate before he was enrolled in the USWC? 2 Likes |
| Politics › Re: Five Per Cent Allocation To Education Too Small – Buhari by jpphilips(m): 12:41pm On Nov 13, 2018 |
Magalan:Which Almajiri school? this one? https://www.dailytrust.com.ng/n15-billion-almajiri-schools-in-ruins.html 2 Likes 1 Share |
| Politics › Re: Boko Haram: President Buhari Under Fire Following Saturday’s Attack In Maiduguri by jpphilips(m): 12:35pm On Nov 13, 2018 |
Reinvented:if you sincerely believe BHT are winning this war while Nigeria is sleeping, why dont you join BHT lets see how long you will last. Ranting on nairaland produce no results, dont you agree? 2 Likes |
| Politics › Re: It Is So Easy To Manipulate Nigerians by jpphilips(m): 12:32pm On Nov 13, 2018 |
Algerian1:Absolutely correct!! Apparently, Algerian leaders did better than I earlier thought, very commendable! 3 Likes |
| Investment › Re: Treasury Bills In Nigeria by jpphilips(m): 12:28pm On Nov 13, 2018 |
zamirikpo:I understand your view, is Nigeria going Bankrupt? if No, then Greece has no bearing in the discourse. 1 Like |
| Investment › Re: Treasury Bills In Nigeria by jpphilips(m): 12:26pm On Nov 13, 2018 |
GonFreecss1:I have no interest in discussing the rudiments but dynamics, high interest rate means higher risk of default, that is a valid economic theory, however, when you domesticate it, you will realize it is not as straight forward as you think. High interest rate means future expenditure for the state, if the state's earnings increase within the period (always does except for few years ago), that risk becomes inconsequential, the only down side is that it robs the government the liquidity for capital projects and creates other budgetary pressures, default doesn't come in. The state has a way of creating equilibrium in those things, increase taxation, dispose assets, shrink budget like we just saw in the 2019 budget etc. its all about earning, once you earn enough, you can always repay your debts. Lastly, some debts are left in a cycle that never ends, that's the reality of running a nation, a state doesn't run like a company where economic indices are cast in stone, just follow the dynamics. 6 Likes 1 Share |
| Politics › Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by jpphilips(op): 12:13pm On Nov 13, 2018 |
BrutusOj:Intelligence wasn't shared equally so i understand your challenge, have you ever thought about life under Atiku based on his antecedents? do you think all Nigerians were toddlers like you between 1999 to 2007? you think they will want to replace Buhari with Atiku? I respect your opinion based on factors you have no control over but try as much as possible not to rub off your mental inefficiencies on others. 5 Likes 1 Share |
| Politics › Re: Boko Haram: President Buhari Under Fire Following Saturday’s Attack In Maiduguri by jpphilips(m): 12:08pm On Nov 13, 2018 |
DerrickzB:Was it your father that decimated Avengers, IPOB & IMN under buhari? you couldn't tell me why PDP left herdsmen and Boko haram for buhari to deal with, next you felt insulted, why should you? cant you see that the facts before you proves you are demented bereft of cognitive reasoning? now read this post bellow with your economics lecturer before you speak on the economy again. The best way not to feel insulted is by getting knowledge, once you dont get it but proud enough to display dementia in public, it surely wont end well, trust me. A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance? Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered. Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth. What are the effects of crude shock in oil producing developing economies? Forex scarcity: Most developing economies whether oil producing or not, depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession. Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession. Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford. In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation. Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency. Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate. The local currency is allowed to float along a band the cbn thinks may not be too hurtful on the economy. Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages. Okonjo iweala then finance minister and coordinator of the economy actually warned Nigerians in 2014 long before buhari came that the level of mismanagement will bring hunger to us, read here: https://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html If okonjo iweala saw this hunger in 2014, warned us about it, how can a sane person accuse buhari of bringing hardship? Between 2015-2017, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone? The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves, It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings). Permit me to take you down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS. This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that came the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings. Global economic meltdown is worse than crude shock because in a meltdown, major economies are affected, capital flight becomes common in developing economies, crude oil customers reduce demand thereby pushing prices lower, the saddest part is that no country has money to borrow anyone during global meltdown, yet Nigeria Survived it with Soludo's brilliant strategy. A strategy that was blatantly refused by the previous administration when suggested by Iweala, recall that Iweala worked with Soludo in that NEEDS team. Fast forward to 2015, Three out of the top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $90b in a $156.1b economy (57% of GDP in savings).You can see that the Robust reserve of Algeria was their savior in this modern crude oil shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time (3.8% of GDP), that amount is not even enough to pay for imports let alone absorb global shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings? Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg They not only devalued their currency, they equally allowed it to float like Nigeria's Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago. The kwanza fell 11 percent to 187.95 per dollar by 3:35 p.m. in Luanda and depreciated 10 percent to 221.75 against the euro. The move came a day after the central bank allowed the currency to weaken in its first auction of foreign exchange since announcing it would end a dollar peg that’s been in place since April 2016.....BloombergBorrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/ Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016. https://tradingeconomics.com/angola/unemployment-rate Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday. Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously. Poverty in Angola According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million. I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria saved a whooping $90b when the going was good, as such its economy was immune to crude shock. Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014. Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014. My country men, you can see that this suffering was brought upon us by mismanagement by the same people that are warming up to continue from where fate has left us, if buhari had $100b in our foreign reserve in 2015, we wont be hungry today, we wont lose our jobs, we wont lose our manufacturing industries, this is the truth that shall set us free! Some even blamed it on Avengers attack of 2016 Niger delta avengers was a non issue, if you noticed, I expunged them from my initial analysis, here is why; We were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock. If Avengers did not strike, OPEC would have asked us to cut production to boost prices, read: https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years So Avengers or any form of production cut at the time was a non issue. OPEC gave us production cut waiver because Nigeria has already declared force-majore in most of its crude oil export channels. Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow? The vice president being the economic manager of the country Launched the ERGP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks once again, not just crude shocks alone. (Algerian model) The moment that money crossed $40b mark, forex shortages disappeared, importers stopped complaining, manufacturers stopped complaining of dollar scarcity, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy, inflation immediately responded to the potency of the ERGP from 18.8% in 2017 to 11.23% in 2018. This reserve will boost investors confidence that the economy is liquid enough for profit repatriation, that is how the jobs will return, job creation is private sector driven, not govt. Among the three oil dependent economies in Africa that landed in recession within the same period, Nigeria was the first to exit recession, that was historical & mind blowing, despite fighting terrorism and with a massive population, we did it first before any other country. By Blocking loopholes Our Federal allocation that used to be a misery 311b naira in june 2016 is between 600-700b naira in presently. This volume if held steady will continue providing liquidity that will surely inflate the economy. Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects, rightly put, the economy is being diversified towards gas. (Russian model) https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/ As you can see here, Manufacturing is gradually expanding, next will be jobs returning on its own https://www.thisdaylive.com/index.php/2018/07/08/cbn-at-57-0-pmi-manufacturing-sector-expanded-in-june/amp/ We don't need Atiku's stealing to truncate an economic process already in recovery. In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. Buhari is like a mechanic that was given a car to fix, only for the car owner to accuse him of being the problem of the car when he is yet to fix anything. We shall never go back to past governments whose inaction landed us in this mess in the first place. leadership in the past that we tasked to privatize our establishments, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished? Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners? Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lies peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku, we cant move from Abacha loot to Atiku loot at this perilous time. It will be very dangerous and retrogressive to have a leader that is in bad terms with the international community, remember that the united states is the Fulcrum of our war against insurgency, one will argue that if America doesn't sell arms to us we go to Russia, the world works differently now under Donald trump, ask yourself, why did Jonathan not go to those people when America sanctioned him under the Leahy's ban? Yet he sat idly and watched Boko haram slaughter tens of thousands eventually took LGA's? American ban is as good as a global ban, recall how South Africa seized funds Jonathan wanted to use for arms purchase, please dont ask me what is South Africa's business with a US ban, that is how the world works. In 2017, the US congress passed a law called Countering America's Adversaries Through Sanctions Act, CAATSA to promote the America first agenda while sanctioning countries that do business with American's enemies. If Atiku (God forbid) becomes the president as much as thinks about going to Russia for help, Nigeria will end up in CAATSA web, and that is when the true Hunger will manifest. Can you live under a US sanction like North Korea and Iran? can you live with a Boko haram that is out of control? A boko haram that once bombed Abuja for fun but Today the once Almighty Shekau is in hiding? what about other support we get from the US like the USAID? free immunization? Polio prevention? HIV and AIDS vaccines? Machinery and oil and gas technologies etc? are you willing to throw away all these because of a criminal whose greed led him to commit atrocities in the United states or hate for Buhari that is built on lies? When faced with these realities, Atiku will never achieve anything, rather he will steal what we have left and disappear like he did in the US. May God help us!! Watch Peter obi summarize this analysis https://twitter.com/i/status/1058007016810123264 1 Like 1 Share |
| Politics › Re: IPOB Bans Ohanaeze Indefinitely From South East by jpphilips(m): 11:59am On Nov 13, 2018 |
Lajet:Just look at your post and compare it with what I wrote, I chose APGA's 234k as basis for my analysis because it cuts across all the 21 LGA's by majority, even if you mischievously add the remaining 169k votes, Nnamdi Kanu's IPOB still controlled 80% of registered voters, read to understand not to type. 2 Likes |
| Politics › Re: IPOB Bans Ohanaeze Indefinitely From South East by jpphilips(m): 11:54am On Nov 13, 2018 |
Lajet:You must understand that the success of such belligerence as pursued by IPOB requires consistency, it equally makes no sense that IPOB rose to fame with anti hausa-fulani rhetoric only to turn around and support a hausa-fulani Atiku, it will make a mess of their struggle both at the national and international stage when they decide about the later. How do you convince the UNSC that you want out of Nigeria because you do not agree to coexisting with northerners when they just supported one in an election, it automatically robs them of any chance of a referendum, infact that alone will count for a referendum on them. I think the decision is not a bad one as per their objective, about removing buhari, in IPOB's books and motive, there is no real difference between Buhari and Atiku. Removing Buhari is the desperation of Igbos in diaspora, as far as IPOB is concerned, anything hausa- fulani is toxic. |
| Politics › Re: IPOB Bans Ohanaeze Indefinitely From South East by jpphilips(m): 8:23pm On Nov 12, 2018 |
Lajet:Remove Buhari enthrone another Hausa fulani, what is the wisdom in that? You guys should be talking if replacing Buhari with Ezekwesili if you must, not a rogue like Atiku. 1 Like |
| Politics › Re: IPOB Bans Ohanaeze Indefinitely From South East by jpphilips(m): 8:14pm On Nov 12, 2018 |
Lajet:Kanu made the same pronouncement during the Anambra guber, igbos like you in Lagos ranted all day long but what happened eventually? Willie Obiano won all the 21 LGAS in Anambra with a paltry 234k votes in an election with 2.2m registered voters. What that means is that Nnamdi Kanu's IPOB owns 87% of Anambra registered voters and SE by extension. Come out on that election day and see what happens!! Do you expect Buhari to waste security in an ipob stronghold? I dont think so!! 1 Like |
| Investment › Re: Treasury Bills In Nigeria by jpphilips(m): 4:01pm On Nov 11, 2018 |
zamirikpo:lol, Greece operate in the Euro zone so their financial system and yours are not the same, Venezuela is a different kettle of fish!! You are comparing apples with oranges basically, make no mistakes, im not implying default is impossible, however, the implications is one that Nigeria can not afford at this time. 1 Like |
Then what is fulani herdsmen?? Oga, if you don't know anything about recession at least ask about d economy.. how many firms left nsija and hoe much did they pull out... as Gej didn't save.. what has Buhari done?? I tot he came to change?? Stop behaving like a brainwashed human..1 2 3 4 5 6 7 8 ... 27 28 29 30 31 32 33 34 35 (of 342 pages)