LordAdam's Posts
Nairaland Forum › LordAdam's Profile › LordAdam's Posts
1 2 3 4 5 6 7 8 ... 22 23 24 25 26 27 28 29 30 (of 53 pages)
Businessideas:I don't need to tell them what they already know. Niger Delta people are resilient people. You can take that to the bank! Niger Delta has been permanently occupied since 1998 by the Fulani military. We still achieve our goals. Let them go ahead with the harassment. A person that does one thing over and over again expecting different results every time is ret.arded. Buhari, the South West, and their merry band of Fulani genocidal maniacs in camo are ret.arded! -Lord |
Sue her broke a**!!! Bloody dimwit! -Lord |
Bunch of close-minded individuals we have on NL. It is no surprise tho', people are defined by their culture. That said, why on God's green earth would anyone believe marriage is for everyone? Like WTF!!! In fact, there is a whole community with a population of over 40,000 people in China who do not marry. Read about the Mosuo people -- https://en.wikipedia.org/wiki/Mosuo There is no traditional marriage in Mosuo. Women are the head of the family. There is no concept as fornication and adultery. Women are not dependent on men and from an early age learn all that is necessary to survive without men. Even without the concept of marriage or cheating, only very few women have more than one partners at a time. They practice what anthropologists call serial monogamy. It follows then that the concept of "when there is no law there is no crime" is a universal truth. In fact, in Iceland, 67% of new births are to parents who are not married. There is no shame or stigma attached to it. In fact, Iceland practices a very generous parental leave--Nine months at 80% pay (three months for mom, three for dad and another three to be divvied up). http://edition.cnn.com/2016/03/24/travel/wonder-list-bill-weir-iceland/ I'm not saying all of us should not give a flying f**k about marriage. What I'm saying is that leave those, who don't give a darn about marriage, the f**k alone. Humans are more diverse than your small restricted mind can phantom. Some eat mostly fish (the Japanese), some like Michel Lotito eat metal (https://en.wikipedia.org/wiki/Michel_Lotito), and there are entire groups of people who survive on drinking blood like vampires (http://www.bbc.com/future/story/20151021-the-people-who-drink-human-blood). Go figure! -Lord |
ihatebuhari:Exactly! The Niger Delta people are firm and have immeasurable resolve. We have spent the last 55 years living under the shadow and being constantly harassed. This is nothing new. We endured these intimidation in 1998/1999 during the Ijaw unrest when 10,00 to 15,000 soldiers occupied Bayelsa and Delta States and hundreds were killed in Operation Climate Change championed by the Ijaw Youth Council and in the 5 years (2004 to 2009) when militancy was in full swing. We can endure it till Jesus comes as long as the economy bleeds as well. It should be said that even with these intimidations and extra-judicial killings, we actualized our vision. Even after the Odi massacre in Bayelsa in 1999, the people did not lose faith. In the end we got Niger Delta Development Commission and implementation of the 13% derivation (agreed in 1995) the following year in 2000, and we got the Niger Delta ministry in 2008. Niger Deltans lost their lives to get and actualize the 13% derivation. Today, the ungrateful mofos from the West are enjoying the dividends now that Ondo and Lagos produce oil. Even the North East would benefit from our sacrifice if the Chad basin exploration becomes successful. Now these same useless idiots are calling for innocents to be killed ruthlessly like what happened to Odi. Let Buhari do it. We would get our republic faster. Those who do not learn from history are bound to repeat it. Niger Delta gained more than Nigeria after the Odi massacre. A Gbaramatu massacre would not be different. Check the calendar people, it is not 1999, it is 2016. -Lord |
“I am looking at the soldiers from a hideout in the bush, they are going from house to house. We know their tactics, so we ran away when they landed this morning at the jetty in the town, belonging to Tompolo’s father,” an informant told Vanguard on phone at about 5.30am.Pay attention to the bold. The Niger Delta people are firm and have immeasurable resolve. We have spent the last 55 years living under the shadow and being constantly harassed. This is nothing new. We endured these intimidation in 1998/1999 during the Ijaw unrest when 10,00 to 15,000 soldiers occupied Bayelsa and Delta States and hundreds were killed in Operation Climate Change championed by the Ijaw Youth Council and in the 5 years (2004 to 2009) when militancy was in full swing. We can endure it till Jesus comes as long as the economy bleeds as well. It should be said that even with these intimidations and extra-judicial killings, we actualized our vision. Even after the Odi massacre in Bayelsa in 1999, the people did not lose faith. In the end we got Niger Delta Development Commission and implementation of the 13% derivation (agreed in 1995) the following year in 2000, and we got the Niger Delta ministry in 2008. Niger Deltans lost their lives to get and actualize the 13% derivation. Today, the ungrateful mofos from the West are enjoying the dividends now that Ondo and Lagos produce oil. Even the North East would benefit from our sacrifice if the Chad basin exploration becomes successful. Now these same useless idiots are calling for innocents to be killed ruthlessly like what happened to Odi. Let Buhari do it. We would get our republic faster. Those who do not learn from history are bound to repeat it. Niger Delta gained more than Nigeria after the Odi massacre. A Gbaramatu massacre would not be different. Check the calendar people, it is not 1999, it is 2016. -Lord |
sweetgala:Noise. Go and tell Buhari to raise the Niger Delta. #KeyboardWarrior -Lord |
sweetgala:The Niger Deltans are not known for many words. Let Buhari wipe out the whole SS because of a few hostiles. In fact, we are daring him to do so. You can plead with him to do so. Go to Aso Rock and give him your opinion. After all, you are an APC member and part of the 95%. He would grant you audience. If you can't do so, then shut your irrelevant mouth. And keep your emotion-laden opinion to yourself and fellow deluded peeps. Those who do not learn from history are bound to repeat it. -Lord |
mayorchelsea:You seem to misunderstand me. My epistle is not to justify "how The West remove leaders who don't support their interest." I'm saying the scorched earth military campaign tactics is not tolerated by the West any longer. Any leader without the requisite backing who engages in it would pay the ultimate price or lose their freedom. Buhari does not have the same backing as al-Assad of Syria or King Salman of Saudi Arabia. In history, they've done it themselves. From the Spanish that killed over 1 million Aztecs to the US 1945 bombing of Hiroshima and Nagasaki. However, today, that doesn't fly. The Nigerian military through the JTF has always been in the ND region since militancy started. Even after Amnesty, they remained. Even after accepting amnesty, some nefarious elements continued to trouble the region and the NA responded swiftly under GEJ. The high point of this counter campaign was the killing of John Togo by the JTF under the leadership of GEJ who was from the same region as him. No community was raised. Innocent civilians did not die in their hundreds. Togo's base was obliterated by precise bombing, he lost his two legs in the bombing. No one in the Niger Delta mused over his death. Nigeria is still existing. If the Nigerian military under Buhari cannot be that precise, then they better not try to obliterate communities. That is where there would be problem for Buhari, Buratai and his band of minions. No self-respecting Niger Deltan would accept the death of our women and children as collateral damage. We are minorities in Nigeria, and we value the lives of our people more than we do other ethnicities. Go after NDA like GEJ went after John Togo and NDLF. A word is enough for the wise. -Lord |
sweetgala:I am not a lawyer, neither am I an International Policy expert. However, this much I know. The Nigerian Army is uncivil. The reason why the US refused to sell arms to the Nigerian government was because of the extra-judicial killings during the operation against Boko Haram. Of course, Boko Haram is an enemy of the state, and no one would want to see them wax stronger. But you do not raze entire communities and stack bodies of innocents because you are targeting hostiles. Do you know that Amnesty International in conjunction with the West sent the list of certain high-ranked military officers who should be dismissed. Some faced court martial. While others were protected by the army. Which is one of the reasons why GEJ face-off with the West intensified and we were smuggling money into SA to buy weapons. The reason that did not become more complicated was because there was no civil uproar. Recordings leaking to the press and stuff would have complicated things more. If the NA repeats such carnage in ND, it would be worse for the NA and Buhari. He has been warned already by a high-ranking British official. The ND struggle is much more palatable to the ears than the Boko Haram anti-West rhetoric. The South can raise more dust. Case in point, Enugu killings versus the ongoing Benue ethnic cleansing. We would make it sound like a genocide and the Western media would buy it. Already the precedence of 5% tag, Buhari's unholy dismissal of watching the innocent killing of IPOB protesters by an A-list media outlet (Al-Jazeera), and his silence on the Fulani herdsmen menace, would provide the stable background for us to paint him as the modern day Nigerian Hitler. He should fall into the pit he is digging for himself. We would so relish the opportunity to pay back the North for killing Ken Saro Wiwa and Boro in cold blood by demonizing their top figure so he is hounded like a common criminal that he is. The 2014 National Confab had the representation of every region and social group in Nigeria. We agreed on restructuring the country and adopting true federalism: We also agreed on the stop of nomadic grazing and replacing it with ranching amongst other things. Buhari and the North assumed power and dismissed everything about it. If they had enforced it, Agatu killings wouldn't have happened, Nimbo killings wouldn't have happened, I am 90% certain the Niger Delta Avengers wouldn't have risen up. This fight is more than just NDA, it is about the value of lives in Nigeria and the way forward. NDA has killed no one till date. Raising an entire community or communities as people like the OP are calling for is barbaric, archaic, and misleading. It could very well be the catalyst that divides Nigeria rather than hold it together. -Lord |
mrkayusfit:That says a lot about your level of intelligence. Keep your opinion to yourself if it is unsavory. I have no use for it. -Lord |
tsdarkside:A. This is my only moniker on NL. When I'm banned, I do my time. B. Your opinion is inconsequential. I don't give a rat arse about what you like or do not like. -Lord |
tsdarkside:Go suckle on your mother's breast boy! Let the adults talk. -Lord |
These APC people are very funny. He is saying GEJ left an empty treasury, but according to official sources Jonathan left $28.6 in May 2016. http://www.premiumtimesng.com/news/headlines/194156-nigerias-foreign-reserves-drops-to-30-04bn-cbn.html Please, if empty treasury means leaving $28.6b, I want to give my bank account to PDP people so that they can leave it "empty." -Lord |
Dear Mr. Dickson, Our dear GEJ does not hold grudges. I am certain you have been forgiven. Go and sin no more! -Lord |
ThundrCork:You don't deal with secession by rolling in tanks. That is so pre-2010. You call the parties and negotiate with them. If negotiations stall then you call for a referendum. The National Confab report of 2014 called for restructuring of Nigeria's government. The Aburi accord which Gowon signed and then reneged on called for something similar (confederate state with more sovereignty but still part of a union). The North dismissed both squarely. Dismissing the first led to the killing of over 3 million Igbos. The Fulani do not know that times have changed. They cannot keep forcing a union. IPOB, now Avengers. Even if these are stopped, in a couple of years time, another would spring up. Buhari cannot oversee the killing of 3 million Niger Deltans like Gowon did and get away with it in 2016. They would not have money to even fight such war. The majority of Niger Deltans do not want to leave Nigeria just yet. We just want more control of our resources. Enforce federalism and the Niger Delta Elders and populace would ask these boys to sheathe their sword. Until then, only non-patriotic elements in ND (the Judases like Amaechi), and those looking to curry political favor (the state governors and chieftains like Ayiri) would be pro-government. The rest of us would say nothing thereby giving tacit support to the NDA or be vocal about it like Asari. We in Niger Delta know what we want. Ken Saro Wiwa was killed, nothing happened. Then Odi happened, and militancy came in full force; in the end we got 13%, and a Niger Delta Ministry, and a Niger Delta Development Trust Fund. If another Odi or something bigger happens, the fight would be tenser and we could very well get our republic. The Fulani are blind to the trend. We are well aware of it. Enforce the 2014 confab report and watch all these secessionist talks fizzle out. But Buhari would not listen to reason. But let him not worry, he would be forcefully bent. Let me prove to you that Buhari is over-hyped. 1. When he came he removed road blocks. A few bombs went off later and he was forced to reinstate them. 2. When he first came he said only NNPC would import fuel and stopped marketers from importing. After months of scarcity, he allowed marketers to start importing. 3. When he first came he said he wouldn't devalue the naira. After the economy shrank and people started calling him a failure, he allowed the official exchange rate to slide. Finally, doing as IMF has been telling him since June 2015. 4. He first said he would "crush" the vandals (NDA). After output fell from 2.2 mbp to 1.3 mpb, he gave $10m to Kachiku to bribe NDA in Abuja. I could keep going. Buhari is as inconsistent as a teenage girl on her period. He is a chicken. NDA would bully him to submission. Marketers, IMF have done it already. -Lord |
LordAdam: |
mrkayusfit:You seem to forget what today's date is? Al-Bashir is fighting for his seat of power because he killed defenseless civilians (He is only still there because of Russia, Buhari does not have that kind of backing). Gadaffi was sodomized with a knife at the end because he used brute force on protesters and put off negotiations. The time of impunity is over. Al-Bashir and Gadaffi have leveled entire communities in their domains before when they defied their government and got away with it. Why did things change recently and they are paying/paid with their nose? 'Odi' cannot happen again in 2016. Buhari would not get away with it, like OBJ did because the times have changed. The US government jailed US soldiers that killed Talibans and urinated on their bodies. US Soldiers that kill indiscriminately on official duty face court martial. The West do not level communities to make a statement. Mubarak was a friend of the West. He made a peace deal with Israel to the chagrin of fellow Middle-Eastern countries. He placed Egypt in NATO and America sold F-16 fighter jets to the Egyptian Air Force. That did not stop the West from calling for his head. The West owes Buhari nothing. He is dispensable. There are thousands of people that can replace him without hurting Western interests. If the West can watch as Libya becomes a cesspit of war and violence barely years after they pushed for closer ties with Gaddaffi, they can take out Buhari via any means necessary without so much as a pip. Do you know that Philip Anthony Hammond, current UK Secretary of State for Foreign and Commonwealth Affairs, warned Buhari about taking military action against the militants? UK and France were the first guys to start enforcing the no-fly zone in Libya and pushed and paid for the successful Libya rebel fighting. In fact the guy who killed Gadaffi is believed to be a French agent. The Daily Mail of the UK is already stoking anti-Buhari sentiments in the UK populace and the fantastically corrupt tag by Cameron does not make things any better than they are already. -Lord |
All rates except the USD Parallel exchange rate is correct. The USD Parallel exchange rate is N351/$1. When CBN lets the official exchange rate float, things will eventually normalize. With the budget and increase in capital inflows that would result from the lifting of currency limitations, hopefully we are just a few months away from recovery. When everybody was advising Buhari to do the needful ever since, he was being adamant like a spoiled brat. The naira should never have gotten to N350. -Lord |
OP, join the military or keep your bloody mouth shut. The NDA has Buhari in a cage. A. They are faceless and anonymous (so there is no one to put a cross hair on, like was the case with MEND and Okah). B. The Chief Prosecutor of ICC has already visited Nigeria and Buhari has over 3 current human rights abuse cases in the Hague C. Any scorched-earth campaign like what happened in Odi would have disastrous consequences. I'll list three: 1. The ICC would beam their searchlight on Nigeria. Because of the North East military abuses, Shiites carnage, and killing IPOB defenseless protesters perpetrated in the last 1 year, Buhari's leash is very short at the moment. 2. Militants sitting on the fence would become anti-government, and even pro-government militants like Ayiri and Tom would lose their voices. 3. Nigeria's oil output would fall far below the 1 million bpd mark and our economic situation would be worse off. 4. With the economic situation biting deep more than 1 year after being elected, anti-Buhari sentiments would begin to soar, and impeachment proceedings may likely occur. GEJ was the first democratically elected president in the history of Nigeria to be voted out. PMB may make his own record as the first democratically elected president to be impeached or disgraced out of power. People like our dear OP with their uneducated comments would make that happen by pushing him to make horrible mistakes. He has already made one by going tough at first. Sending the tanks and fighter jets with resulting non-precise targeting would be the last horrible mistake he makes as a CIC. Bombing a civilian settlement with civilian casualties solely because you are targeting a few hostiles is a WAR CRIME. Maybe, Buhari wants to add "War Criminal" to his growing list of unenviable titles! -Lord |
theV0ice:Another round of emotional diatribe. I'll ask you a very simple question, Nigeria is 55 years old, show me a president or military dictator with more achievements than GEJ in Nigeria's history? That alone is enough reason to show he was the most qualified person to rule Nigeria in 2015. Those who voted against against him were simpletons with very vague knowledge of history. The present conditions vindicate that assertion. **** -Lord |
theV0ice:You know deep down that what you typed is balderdash. The decision by Soyinka was flawed not necessarily because he hated GEJ, but because he miscalculated the existential politicking of 2015. Soyinka has been a staunch critic of Buhari, he made the U-turn because he was led to believe that PMB was a repentant democrat. That is the reason for the flawed decision he made. Normal humans can be reformed, but not Buhari. The antecedents were very clear. A 73 years old former head of state, oil minister that has never worked for anything in his adult life. No company, no fund, no philanthropic activity, no business aside his native herdsman occupation which he was raised with. In fact, he had just 150 cows as a man of his status. Until 2014, Buhari has been the poster-child of the North's oppression of the South and he had been very vocal about it. From absolving Abacha of all wrongdoing to confronting the Oyo state governor about farmer-Fulani clashes, to inciting the 2011 post-election crises in the North, to calling Boko Haram members sons of the North. He even outdid Babangida. However, in barely one month because of a coalition of political parties, Nigeria's most celebrated literary icon believed that a man with such precedence had become a reformed democrat. Let that sink in, IN LESS THAN ONE MONTH! Suddenly, the man who was protecting Boko Haram and even pointed out as a trusted negotiator promised to squash BH. A man who was oil minister under the most corrupt military regime claimed to be a man of integrity who would rid Nigeria of corruption. When Obasanjo ran for President in 1999, he was the most qualified ex-military dictator. Why? Because of his antecedent. He oversaw Nigeria's most prosperous economic period during the military era and handed over to civilian rule willingly. In contrast, Buhari oversaw Nigeria's worst economic period during the military era, when people queued to buy salt, and he overthrew a legitimate civilian government. Soyinka, though a respected man of letter, and one I certainly have utmost respect for, failed with his support of Buhari. The only person worse than Buhari that could have contested was IBB. Every other Northern presidential hopeful at 2015 was better than Buhari. Atiku is better, even el-Rufai would have been a better choice, even Ribadu would have been a better choice. Everyone makes mistakes, and Soyinka's support of Buhari is the worst mistake of his post-1999 stint. A reformed democrat would show signs of being reformed years before saying so, he contested elections 3 times, in 12 years and never showed signs of being a reformed democrat, but someone who purports to be intelligent believed he would become reformed magically if he assumed the seat. What we are experiencing is not a surprise. It was expected. Anyone who did not see this coming is, without mincing words, a F00L. If Buhari can rule Nigeria after all he did and said, Hitler can rule Nigeria. -Lord |
seunlayi:After he killed over 700 Shiites here with the Saudis hailing him and Iran promising him hell. You must be a joker. He should go and beg the Saudi king to help his life if not e don b for am. -Lord |
aresa:Unintelligence at its peak. You need to be thoroughly educated. Definitely not worth replying you. -Lord |
theV0ice:Oga did you not see where I said he would take loan that is a "considerable" part of the deficit. The fact is Nigeria is in a funny situation because our credit ratings have nosedived. Therefore, bills and bonds will not be as effective as they were in the past. It doesn't mean they would fail though. However, we both agree that we need loan to help balance the deficit. I never said he would need to take a $11b loan. As at today, there is no big lender willing to give us loan, yet the budget will soon be signed. IMF, China, the Middle East have just bullshitted us. China was our last and actually most potent hope. Please, understand that investments are not substitutes for loans. As I said they are laudable, but these $6b investments (as far as I know) are not part of the projects in the budget. Unless they are, I see no point in your argument. We need all the capital we can lay our hands on to finance the infrastructural projects. If Buhari gets the loan, adds the money realized from the financial instruments, then uses them to fully finance his budget and the accompanying capital projects; is it a bad thing? If he adds the investment commitments from US and China to his efforts, would that not be good for us? Virtually ever country gets FDI and then if they have budget deficit, they also take loans and/or use financial instruments to offset the deficit. One does not replace the other. Even India with more than $35b in FDI in Q1 2015 had a deficit of 3.9% (far lower than our current deficit of above 35%). Guess what, they still took loan. I'm not comparing India to Nigeria, I'm giving you an insight. Both FDI and the Budget keeps the economy going, FDI is from people and corporations overseas, the Budget is by the government. They work in tandem. No one replaces the other. You can't say because you have high FDI, you should stop or heavily reduce government spending, especially in a country like Nigeria. -Lord |
theV0ice:Everything. It appeared you just saw my username, didn't read my message and instead decided to take a jab at me. Although, I have my reservations on the loan and have been very vocal against taking loans in the past, that was because APC did same in the past. However, now I am pursuing a more engaging policy of criticizing PMB and his government, something I have made mention of not too long ago. If the man says he needs a loan, then let him have it, and let's see what he uses it for. My only question is that the man is having a cold fight with the IMF and so there'd be no loans from that end. China is the only nation that can comfortably save our asses by giving us a sizable loan to efface a considerable part of the $11b. Yet he went there without his Finance minister, didn't get a cash loan to offset our $11b deficit and you want me to clap for him. With Nigeria's present clout as the dominant economy in West Africa, 24th largest economy in the world (previously 21 as at last year), and the relationship PDP-led governments have fostered with China, $6b in investments is a normal development. Even if a chimp goes to China in the capacity of the President of Nigeria, he would be able to secure the same amount in investments. Nigeria urgently need the loan to balance the deficit so there'd be no stalling when the budget is passed. Pardon me if I'm the only person in the country who senses the urgency and will not be wavered by propaganda. -Lord |
theV0ice:Bloody hell! For someone of your caliber to exhibit this copious amount of blind shenanigans is beyond me. Alright, show me where I said he shouldn't have taken the offer of $6b in investments? -Lord |
aresa:You just had to type a long-winded reply to reiterate what I've said before. Don't try to come for my jugular, I've drowned yours in a sewage pipe. About the first bolded statement, I'd ask you a simple question: What percentage of FG roads are tolled? The vast majority of FG roads are free to use, so the default position to take when an FG road project is announced is that it will be free, UNLESS OTHERWISE STATED. Initial reports made no mention of tolling as I explained to slydog, so until they do, it is fair to say that it would be free to use. About the second bolded statement, why the blazing f***k did you have to quote me when you were simply going to make roughly the same point I was making. You used the words "loan payments," meaning the government would pay them back. Which is exactly what I have been saying from the start. I don't you to lecture me on how they will be paid or the legitimate agency that would levy Nigerians. The simple fact that even an artisan would understand is that China built a rail for us on loan and they would take our fares as payment+interest for the loan. You and I do not know how much interest is on that loan or if the Chinese are partners who would continue making profits from that venture until Jesus comes. Don't lecture me about policing other peoples opinion. You don't type sh*t because you have access to an internet-enabled device (phone, tablet, or PC) and then call up the blanket "I have a right". What he said was illogical straight up. If you don't have the guts to call it out, I do. You don't need pinpoint detail and analysis to make a valid, logical point like I have with this reply and hundreds more on NL. I make a clear distinction most times when what I'm saying is a personal (subjective) opinion and when it is an objective logical point. Don't mix the two. Well you already have. So I should be saying, get your head off your ass and smell the coffee. -Lord |
theV0ice:A very simple question to you: Are you daft? A lot of you guys have major issues with comprehension of the English language. Let me dumb it down for you, my very first post was to clear the fallacy by someone who clearly did not read the publication. Maybe you were blind to this statement in my first reply, "Investments are not substitutes of cash loans. They are meant to be additions." We have a $11b deficit. $6b in investments though laudable is no substitute for the $11b loan we need. Get that into your thick skull. Bunch of dumb f***kers here! -Lord |
slydog:The presidency said nothing of tolling about the greenfield expressway--http://www.channelstv.com/2016/04/15/buharis-china-visit-yields-billions-in-investment-for-nigeria-presidency/. About the Lagos Metro line, I wonder if you were one of the negotiators to know that the government would not repay a dime, but the Chinese would collect money from Nigerians to use the train (for how long, until what amount is reached, which percentage goes to the government afterwards). Don't insinuate when you are not part of the delegation. When more information comes out you reference it, until then keep your personal opinion about the nature of a deal signed thousands of miles away in a place you'll never be able to enter, to yourself. Conclusively if you actually read my reply and not try to do fastest-finger, you'd see that I called it is not entirely an investment (meaning some part is investment, some is loan). If you can't understand English, desist from quoting me or trying to enlighten me. I too know! -Lord |
divinehand2003:A. It is not entirely an investment. Some like the prepaid meters and ultra-high storey building deals are investments that the Chinese will make profits from the sale of meters and spaces respectively. Others like the Abuja-Kano-Lagos expressway are credit lines that Nigeria would have to pay back in due course because China cannot just dash us $1b (cost of the project) like that, especially when there is no tolling. B. The article said $6b. You did not read the article and you jumped to comment. C. The point is not if half bread is better than none, it is that we are getting palm kernel when we need bread. Nigeria has a deficit of $11b (N2.2t) in our 2016 budget. The projects and the salaries there need cash. If China is not giving us cash loan and IMF is not giving us cash loan, then we are very screwed. Our only option is treasury bills/bonds, but Nigeria cannot raise any significant amount from issuing bills/bonds because we have lost our J.P Morgan and Stanley ratings and will soon lose MCPI rating. Investments are not substitutes of cash loans. They are meant to be additions. Dangote went to China and got $2b cash loan. Buhari went there and got $0 cash loan and $6b worth of verbal investments. The same China made investment commitments under GEJ to build three refineries to the tune of $23b. Where are the refineries today? And we know that GEJ was closer to China than Buhari. We should realize that some of those investments will not materialize. One thing I am sure about is that had GEJ gone to China for cash loan, he would have gotten it. Buhari went to negotiate loan without his finance minister, this is the result. Buhari and Nigeria is bleeped. Let him pray Oil rises to $60, if not Nigeria will fall into recession. -Lord |
gabbytabby:What will your God do to those who maim, kill, rape, and insult us because we happen to be neighbors and countrymen? Reward them with blessings abi? Fake stupid prayer! -Lord |
Where are the N5 trillion worth of investments they were able to secure from US? Now, you want us to jubilate over N1.2 trillion worth of investments from China even before the ink is dry on the deal. I thought they said, they went there to secure $6b worth of loan and that these loans would be used to finance projects in the 2016 project. Rather they went there to negotiate new projects (most of which are not covered in the budget), without getting the loan to partly cover the $11b deficit. Anyone should correct me if I am wrong. I thought they would get at least $2b loan to cover the deficit, then get these deals as extras. The most annoying part of these deals is the fact that Chinese companies will do the construction and they will bring in their own Chinese workers as well as parts that should have been sourced in Nigeria. Where is the immediate benefit of more jobs, reduced unemployment rate, and boosting of our economy with the money? Money would move from the Chinese bank financing the project to the Chinese company performing the project without reaching a Nigerian bank. Then the Chinese company will hire the staff and buy the materials in China, then bring them to Nigeria. Whatever will end in the Nigerian economy will be breadcrumbs. In the end Nigerians would pay back with extensive billing or with crude oil sales or personal income taxes with interest. I don't know what to call this government? Why did the idiot leave this country to negotiate loan and deals without his Finance minster? Why? Then, should we talk about the fact that all the projects are in the North and SW? Let Buhari continue. I'm just waiting for the f00l that would say SS/SE should be nationalistic when the West comes for Buhari's head for going to China and ignoring the IMF advice. If the US/UK and the West wants to destabilize Nigeria, we would whistle away and implore them to do their worst because it is very clear that we are not gaining anything from staying in this commonwealth. -Lord |
1 2 3 4 5 6 7 8 ... 22 23 24 25 26 27 28 29 30 (of 53 pages)

