Jpphilips's Posts
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 Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:46pm On Oct 30, 2018 |
izombie:Atiku will Islamize Nigeria, we will conduct a referendum 1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:45pm On Oct 30, 2018 |
izombie:Like you told us about operation IPOB? naa Atiku will Islamize Nigeria, igbos wont vote Muslims. 1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:44pm On Oct 30, 2018 |
majamajic:How does it stop buhari from Winning? did Buhari win with igbo votes in 2015? Ive said my own, no election in the South East, biafra must come. 1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:41pm On Oct 30, 2018 |
zombieTRACKER:Thank you, but Atiku will Islamize Nigeria. Nnamdi Kanu has made it clear 1 Like |
| Politics › Re: Igbo Group Dares Kanu, IPOB Over 2019 Elections by jpphilips(m): 6:39pm On Oct 30, 2018 |
lagdmark:Kanu a scammer? im not aware, but you believed the same scammer when he told you a vote for Muslims will islamize Nigeria. 1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:37pm On Oct 30, 2018 |
pawesome:Atiku will Islamize Nigeria, we dont want that to happen, no election in the south East. 1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:34pm On Oct 30, 2018 |
Ziggylady:Igbos IPOB or Hungry Igbos under the bridge? no election in Biafra land, Atiku will Islamize Nigeria.  1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:32pm On Oct 30, 2018 |
mzabbie:Kanu can't be a selfish hungry man when Atiku is sharing dollars to Islamize Nigeria 1 Like |
| Politics › Re: Just In: Jonathan Invites Buhari, Obasanjo, Atiku To Launch by jpphilips(m): 6:30pm On Oct 30, 2018 |
millhouse:Tell us |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:28pm On Oct 30, 2018 |
Unity19:Lets teach him a lesson by voting Ezekwesili 1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:27pm On Oct 30, 2018 |
lastempero:I thought every igbo is Biafra? wont Atiku Islamize Nigeria? have you forgotten he is a Sunni Muslim from the Jihadist Othman dan fodio Saudi Arabia? 1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:24pm On Oct 30, 2018 |
Lovelypet28:Atiku will islamize Nigeria, we dont want him as president! wont you say? 1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 6:23pm On Oct 30, 2018 |
CASTOSVILLA:Atiku the Hausa- Fulani Islamic, sharia, islamization pundit? haba!! did your brain fall under a trailer? 1 Like |
| Politics › Re: Army/shi'ites Clash: Iranian Govt Warns Nigeria, Issues Threat by jpphilips(m): 6:18pm On Oct 30, 2018 |
Gistman39:Nigeria is an OIC member against Iranian terrorism, Iran should bring it on. Now Nigerians will understand what we said that Elzakzaky is Iranian intelligence operative. |
| Politics › Re: 'buhari And I Are Not In Government To Deceive Nigerians'' Osinbajo Says by jpphilips(m): 6:11pm On Oct 30, 2018 |
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. Between 2015-2018, 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.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, 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, 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. 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/ 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 lie 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. 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? 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!! 1 Like 2 Shares |
| Politics › Re: Hadiza Jummai Ali Is Dead! Hameed Ali Loses Wife by jpphilips(m): 6:04pm On Oct 30, 2018 |
zombieTRACKER:By so doing our revenue from customs has nearly tripled in recent times. 3 Likes 1 Share |
| Politics › Re: 3,000 Ondo APC Members Decamp To PDP: 'Hunger, Hardship, APC Like Occult Group' by jpphilips(m): 5:43pm On Oct 30, 2018 |
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. Between 2015-2018, 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.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, 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, 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. 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/ 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 lie 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. 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? 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!! |
| Politics › Re: 'it Is Possible For US To Lift Visa Ban On Atiku Any Time' - Campaign Spokespers by jpphilips(m): 2:58pm On Oct 22, 2018*. Modified: 4:19pm On Oct 22, 2018 |
adebuk17:There are two issues here, the first issue is that Atiku is working hard to see if the US will lift his ban, this is possible because Atiku's Senate indictment in 2010 was orchestrated by Obasanjo's Transparency International, Atiku may feel that being in good terms with Obasanjo will undo the damage, well, I can tell you for free that such a move has no precedence. Lets look at Atiku's cases once again, He was indicted by the Senate committee on homeland security for money laundering to the tune of $40m, A senate indictment can only be vacated with a presidential pardon or court order, does Atiku qualify for a presidential pardon in the US? hell no!! If Trump even contemplates that, he risks impeachment. Can he vacate it in court? hell no!! I will explain why later. The second crime of Atiku in the US was bribery of a public official this is an old gist because Atiku's indictment was used to convict Jefferson a congress man, people always wonder, why was Atiku indicted when it was Jefferson that offered the bribe? The answer lies with the US penal code 201 "titled bribery of public officials", if you take time to peruse that document, you will realize that he who asks for a bribe, gave a bribe or collected a bribe is guilty of bribery with a 15yrs maximum sentence as penalty. FBI deposed an affidavit in court during the Jefferson trial that they caught Atiku, Yahaya & Jennifer his wife on tape willing to play ball with Jefferson's bribe. Out of the 16 counts indictment charges on Jefferson, only 2 concerned Atiku, fortunately, Atiku escaped the first count which is violation of the foreign corrupt practice act (FCPA), Judge T.S Ellis at the time let Atiku and his gang off the hook but he upheld his second indictment of Bribery which eventually was used to convict Jefferson. so when next the Atikulators of today ignorantly ask you like they asked us in 2007, where is Atiku's indictment? ask them why was Atiku's indictment used to Jail someone if it doesn't exist? dont get it twisted here because those guys are pretty smart, Atiku's indictment is not the only indictment that Jailed Jefferson, Atiku contributed just 1 out of the 11 indictments, Bribery!! What can Atiku do to make this go away? the only way out is for Atiku to go and stand trial in a US court on 1 count of bribery of public official but that will be very risky because the FBI deposed an affidavit during the Jefferson trial, that they caught the conversation on tape because unknown to them Lori Mody wore a wire through out their conversations, such evidence is overwhelming so it is unlikely Atiku will escape it, just like Jefferson didn't. So this news is total nonsense, Atiku's case is hopeless. Finally, let us take a cursory look at the case of Prime Minister Mordi of India to prove once again that Atikulators are hopeless liars, Mordi was accused by the US of supporting Hindus during the Muslim-hindu riots when he was still a governor, despite appealing to the US that he was not the commander in chief at the time, the US went ahead to place him on a visa ban for violating the freedom of religion act. When india became the 4th most powerful nation in the world, Obama decided to strengthen ties with Mordi because Mordi has risen to become the prime minister. Obama made the following considerations; India has become strong enough to balance power in Asia against china, Nigeria is nowhere close to that global feat, so Atiku should stop wasting his hopes. The offence accused Mordi of was not committed on US soil unlike Atiku that committed two felonies on US soil (Bribery and Money Laundering) No court even in India found Mordi guilty of the said offence, the top on the list of obama's considerations was that Mordi was the only HUMAN BEING ON EARTH on Freedom of religious ban at the time (Atiku is not the only criminal in the world), so Obama thought it was unfair to him and also he wasn't the commander in chief that controlled the armed forces that committed those atrocities, based on all these considerations, Prime minister Mordi was removed from that visa ban. Those that can reason, please can you tell me any of those considerations Atiku will qualify? It is impossible for Atiku's US sins to disappear however OBJ tries, only time will tell. Atiku is so crooked that he cant even sell a proper lie to sound convincing 5 Likes 4 Shares |
| Politics › Re: Exposed : How Omoyele Sowore Demanded For Bribe by jpphilips(m): 1:32pm On Oct 22, 2018 |
Comrde3g:Nnamdi Kanu, working for Buhari, Sowore, Working for Buhari God is fighting for buhari!! 1 Like |
| Politics › Re: Ekweremadu To Leave PDP by jpphilips(m): 1:25pm On Oct 22, 2018 |
He was denied Atiku's VP, he unleashed Nnamdi Kanu on Atiku in the South east, now he wants to run away from PDP? 1 Like |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 1:13pm On Oct 22, 2018 |
zombieTRACKER: Kanu has spoken, you must listen. 37 Likes 4 Shares |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 1:12pm On Oct 22, 2018 |
izombie:IPOB rats will deal decisively with anyone that comes out to vote. 24 Likes 4 Shares |
| Politics › Re: An Open Letter To Nnamdi Kanu By Ifedimma Onwugbufor by jpphilips(m): 1:10pm On Oct 22, 2018 |
izombie:No police deployments in the SE for 2019 elections except for INEC officials, come out on election day and contend with BSS, is that not how you threaten Igbos that never gave a damn about your Biafra? this is your turn!! all you miscreants will tender an unreserved apology to Buhari. 41 Likes 6 Shares |
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