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 Politics › Re: BUHARINOMICS: As Head Of State, I Refused To Devalue Naira by LRNZH(op): 7:05am On Jan 09, 2015 |
chidekings:[b]Good. The implication of devaluation was that Nigeria would pay more to import lesser quantity of goods than it did prior to any devaluation. It would also export the same amount of oil it exported before any devaluation and derive lesser revenue than it received before any devaluation. The impact of these debt payments would have harsher effect on the citizenry if the naira was devalued. This however did not make any economic sense to GMB; he saw it as an insult on the intelligence of the African. We must say GMB is an intelligent man. If he isn’t intelligent then he obviously had intelligent people working for him. GMB's administration entered into a $2 billion barter trade agreement with four countries. Nigeria daily bartered 200,000 barrels of oil as follows: Completely knocked down parts for automobiles from Brazil. Construction equipment from Italy Engineering equipment from France, and Capital goods from Austria. This barter trade took care of the administration’s need to have borrowed money but it intensified the ill will the US and Britain had for Nigeria. By bartering this oil, Nigeria was: Solving those needs which the proposed IMF loan was geared toward. Able to cut off Britain who at the time was the major supplier of the goods which the countries in the barter agreement sent to Nigeria. Able to deny the US usurious money lenders the chance to suck Nigeria dry through the IMF loan. Able to cut off the profit made by the American and British oil companies who were irritated that the oil being bartered would flood the oil market thereby cutting in on their profits. Able to put to check the oil being battered which were illegally bunkered by putting oil bunkering artist out of business. For once, an African country had put positive economic mechanism in place to salvage its ailing economy without swallowing IMF’s poison pills. It is worth noting that this was the major reason for which the Britain and America wanted the Buhari administration overthrown. The counter trade showcased Buhari as a visionary. He made America and Britain feel stupid and they swore to get him out of office. When Babangida took over, on his maiden speech to the nation he promised to revisit the counter trade agreements. Within two weeks in office, September 17 1985 precisely, he setup a panel to review it and recommend to his administration how to revive the economy without the use of counter trade. Babangida rolled back counter trade at the command of his imperialist masters (Britain) and at the detriment of the Nigerian nation and people. The rest is painful history.... [/b] 9 Likes 1 Share |
| Politics › Re: We Never Endorsed Buhari — Ex-mend Commanders by LRNZH(m): 6:56am On Jan 09, 2015 |
Current MEND Commanders gave GMB unsolicited endorsement. Who are Ex-Commanders?  GMB 2015. Integrity on a Platter 2 Likes
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| Foreign Affairs › Re: Breaking: Burkina Faso President Announces His Resignation by LRNZH(m): 6:52am On Jan 09, 2015 |
OP no source? GEJ can learn a lesson or two from this story in the twilight of his administration but I digress... Remember the #OccupyNigeria protests of January 2012? Nothing has come out of it. Nigerians are waiting for GEJ to make another move on fuel subsidy and hell will come crashing from the previously unfulfilled promises. This time he may have to resign but I digress again. His days are numbered. GEJ learn... GMB 2015. Competence is our Watchword
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| Politics › Re: I’m Ready To Die For Nigeria —obasanjo by LRNZH(m): 6:43am On Jan 09, 2015 |
OP You need to highlight the statement below: samdwaplord:GMB 2015. Integrity on a Platter.
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| Politics › Re: Vote For Me Again, If You Want Implementation Of Confab Report - Goodluck Jonath by LRNZH(m): 6:37am On Jan 09, 2015 |
obiak4:None of the above. Ahmadu Ali wrote it. 1 Like |
| Politics › Re: BUHARINOMICS: As Head Of State, I Refused To Devalue Naira by LRNZH(op): 6:27am On Jan 09, 2015 |
Redoil:[b]Good question Redoil. If you don't ask you will never learn. Read below: GMB inherited huge debt from Shehu Shagari and so tried out the IMF route but to his shock they wanted to bring Nigeria to her knees. IMF laid down rules upon rules coupled with the huge debt the government would acquire afterwards. Some of them are as follows, The government must remove its subsidy on petroleum (which currently GEJ would gladly implement). Nigeria must curtail its expenditure. The Nigerian Government must rationalize its tariff structures. It must put a freeze on its wages. It must put a total end of non-statutory transfers to State governments. The Federal Government must at least institute a 30% raise on interest rates —GMB’s administration resisted this because the decline in its revenue earnings and its debt obligations made it almost impossible to raise interest rates without triggering inflation. AND THE BIG ONE: The IMF demanded a minimum of 60% devaluation of the Almighty Naira then. GMB refused.. Compare with IBB's regime which swallowed IMF policies hook, line and sinker. Today, the Nigeria economy is yet to recover from IBB's blunder. Do you appreciate the story now? If you want to know more, I can educate you on what GMB did instead. [/b] 14 Likes 2 Shares |
| Politics › Re: Vote For Me Again, If You Want Implementation Of Confab Report - Goodluck Jonath by LRNZH(m): 6:19am On Jan 09, 2015 |
But GEJ had forgotten about the confab report. A lot of people were miffed by that. Now he brings up the same report to win votes. He accuses MEND of attempting to assassinate him after absolving them of the Independence Day Abuja bombing What sort of lies? Going as far as claiming that GMB never bought a rifle for the Military. That means GMB was so competent to wipe out Maitatsine (The Boko Haram of that time) without a single rifle acquisition. Compare to GEJ's South Africa and Pakistan arm acquisition trips. Incompetence and clueless! Expect more blunders from GEJ as campaigns go on. GMB 2015. Anticorruption is in our DNA. 2 Likes
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| Politics › BUHARINOMICS: As Head Of State, I Refused To Devalue Naira by LRNZH(op): 6:04am On Jan 09, 2015*. Modified: 8:19am On Jan 09, 2015 |
https://newsrescue.com/wp-content/uploads/2014/10/RS-APC-MEGA-RALLY-IN-PH-AS-BUHARI-ADDRESSES-THE-CROWD-01.jpg Owerri – The Presidential flag bearer of the All Progressives Congress (APC), Gen. Mohammadu Buhari, has said that insecurity and corruption are the major problems militating against the development of Nigeria as a nation and promised to tackle the menace, if elected president on Feb. 14. Buhari said this when he paid a courtesy visit to Gov. Rochas Okorocha of Imo at the Government House, Owerri on Wednesday. He called on the Igbos to support APC, saying that one of the objectives of his government, if elected, was to secure the country and efficiently manage it. He said that, if voted into power, his administration would decisively deal with terrorism, kidnapping and corruption at all levels. On economy, Buhari decried the alarming rate of inflation in the country and wondered how local businesses could survive with the rate of exchange of Naira to Dollar. He, therefore, promised to improve on the economy. “In 1984 as the military head of state, I refused to devalue the Naira, refused to remove subsidy on petroleum products. “We equally made an undertaken to meet our obligation on foreign debt – medium and long term. All these we did within the period we were in power.” Earlier, Gov. Okorocha lauded Gen. Buhari for his zero tolerance to corruption as well as his vision for Nigeria. He requested, among other things, that a fair share of political positions be allotted to the South-East as well as creation of an additional state to make for equity and fairness among the six geo-political zones of the country. He also requested for the upgrading of the Sam Mbakwe Cargo Airport to an International Airport as well as the rehabilitation of Enugu – Onitsha Road, Enugu – Port Harcourt Road, and Aba –Ikot Ekpene Road, among others, if elected. “My General, I ask for nothing but these few things and I know you can do it. But for the votes, my people will give you their vote,” he said. APC Chairman, Chief John Oyegun, Gov. Rotimi Amaechi of Rivers State, Sen. Chris Ngige and other national leaders of the party accompanied Buhari during the visit. http://www.vanguardngr.com/2015/01/military-head-state-refused-devalue-naira-buhari/ 1 Like 1 Share |
| Politics › Re: GEJ's Wikipedia Page: Are They Lying about OPL 245? by LRNZH(op): 5:48am On Jan 09, 2015 |
Double Post... |
| Politics › Re: GEJ's Wikipedia Page: Are They Lying about OPL 245? by LRNZH(op): 10:07pm On Jan 08, 2015 |
Yeah... IBB is truly a saint if you ring up PDP President's. |
| Politics › Re: Ogonis Endorse Buhari - Pics by LRNZH(m): 9:59pm On Jan 08, 2015 |
My work is done. If MEND is questionable endorsement how about the Ogonis? GMB 2015. Competence is our Watchword 2 Likes
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| Politics › Re: GEJ's Wikipedia Page: Are They Lying about OPL 245? by LRNZH(op): 8:02pm On Jan 08, 2015 |
calebo101: You're cracking me up. If GEJ dey mess up big time should I not dance azonto? That your guy is on a self destruct mission. Lying about everything while in Lagos Congratulations on a very 'successful' Lagos campaign. So before we change topic to FOI, are you insinuating that Wikipedia's sources are all falsifying information to slander Mr "MEND is now guilty because they endorse GMB"? |
| Politics › Re: GEJ's Wikipedia Page: Are They Lying about OPL 245? by LRNZH(op): 6:29pm On Jan 08, 2015 |
Waiting |
| Politics › Re: Highlights Of Jonathan's Speech In Lagos Rally by LRNZH(m): 5:49pm On Jan 08, 2015 |
Did you guys hear that GEJ claims that MEND was paid to assassinate him? That's why we should vote for him. Because they wanted to assassinate him. He waited 4 years to disclose this just because they endorsed GMB and APC. GEJ down gawk!!!! |
| Politics › Re: GEJ's Wikipedia Page: Are They Lying about OPL 245? by LRNZH(op): 5:41pm On Jan 08, 2015 |
No excuses.... |
| Politics › Re: MEND Leader, Henry Okah Was Paid To Assassinate Me - Jonathan by LRNZH(m): 5:32pm On Jan 08, 2015*. Modified: 5:54pm On Jan 08, 2015 |
So why was GEJ defending MEND and trying to rope IBB for the Oct. 1, 2010 bombing? Why did GEJ wait till now to disclose this allegation? If GEJ has enough evidence to say this in public why was Henry Okah not charged for attempted murder of the President of the Federal Republic of Nigeria? Why does Oga Jonah lie blatantly to Nigerians? GMB 2015. Integrity on a Platter. 111 Likes 8 Shares
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| Politics › Re: Massive Crowd That Received Buhari In Yenagoa, Bayelsa (jonathan's Backyard) by LRNZH(m): 5:21pm On Jan 08, 2015 |
Hahaha. This feels good. In Jona's backyard. Who has noticed how GEJ and PDP's speeches and advertisements sound like they're the opposition (PDP) attacking the incumbent (APC)? The topic of this election so far has been CHANGE. APC : We are change PDP : You're not change  Repeat. GMB 2015. Competence is our Watchword 2 Likes
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| Politics › Re: GEJ Gave His Best Speech Ever In Lagos Today by LRNZH(m): 5:20pm On Jan 08, 2015 |
GEJ's campaign sounds like an opposition candidate challenging the incumbent (GMB). Is that an indication of who's more confident going into the elections? 7 Likes |
| Politics › Re: Exposed!; GEJ Is A Nairalander by LRNZH(m): 5:15pm On Jan 08, 2015 |
My problem is that GEJ's campaign...speeches, radio jingles, advertisements on national dailies... is about responding to GMB and APC. That's what opposition challengers do. GMB 2015. Competence is our Watchword 2 Likes
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| Politics › Re: Highlights Of Jonathan's Speech In Lagos Rally by LRNZH(m): 5:07pm On Jan 08, 2015 |
I have heard GEJ's speech. I have read PDP's retort on the pages of national dailies. I have heard PDP electioneering jingles on radio. They're all responses to GMB and APC. To be honest, GEJ sounds like an opposition challenger. That's evidence that the momentum is with GMB. We are the front runners.
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| Politics › Re: GEJ's Wikipedia Page: Are They Lying about OPL 245? by LRNZH(op): 4:58pm On Jan 08, 2015 |
Waiting for anyone worth his salt to take on Wikipedia, The Economist, Financial Times and Sahara Reporters. Is GEJ culpable? |
| Politics › Re: GEJ Gave His Best Speech Ever In Lagos Today by LRNZH(m): 4:52pm On Jan 08, 2015 |
So it takes an impressive candidate like GMB for GEJ to give his best speech since February, 2010? GMB 2015. Competence is our Watchword. 12 Likes
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| Politics › Re: Highlights Of Jonathan's Speech In Lagos Rally by LRNZH(m): 4:44pm On Jan 08, 2015 |
LRNZH: Collynzo9:I didn't mean to offend you but it was too funny that your party spokesman dashed your hopes of maligning GMB. Have fun. I hope you learnt from that episode Wait o. Why did OP change the title from GEJ's best speech ever? 1 Like |
| Politics › Re: Highlights Of Jonathan's Speech In Lagos Rally by LRNZH(m): 4:36pm On Jan 08, 2015 |
Lol Is this not the same Collynzo9 that posted the thread about Boko Haram supporting GMB and quoting someone's post on Facebook as source? A few hours later FFK refuted his claims. 2 Likes |
| Politics › Re: GEJ's Wikipedia Page: Are They Lying about OPL 245? by LRNZH(op): 4:30pm On Jan 08, 2015 |
Patiently waiting..... |
| Politics › Re: Lawyers4Change: A Group Of Lawyers Volunteer To Campaign For Buhari by LRNZH(m): 4:24pm On Jan 08, 2015 |
GMB 2015. Building a National Coalition. 138 Likes 4 Shares
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| Politics › Re: Highlights Of Jonathan's Speech In Lagos Rally by LRNZH(m): 4:19pm On Jan 08, 2015 |
So it takes GEJ an election against an impressive GMB to give his best speech? He has been asleep all the time since Feb.10, 2010? SMH. GMB 2015. Competence is our Watchword. 1 Like
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| Politics › Re: Police Officers Caught In The Act Of Breaking The Law by LRNZH(m): 4:16pm On Jan 08, 2015 |
Try this under GMB. Especially in uniform. GMB 2015. Integrity on a Platter
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| Politics › Re: GEJ's Wikipedia Page: Are They Lying about OPL 245? by LRNZH(op): 3:58pm On Jan 08, 2015 |
Redoil:Clown. Were you not watching the failed rally when you posted this? Redoil:It should not be difficult to state why GEJ is not involved in this or to prove that this story is a lie if you have genuine facts. I'm still waiting. |
| Politics › Re: GEJ's Wikipedia Page: Are They Lying about OPL 245? by LRNZH(op): 3:49pm On Jan 08, 2015 |
My issue with these TANoids is they can't hold a good argument about allegations like this. Someone tell us that this is untrue with evidence and sound argument. Im still waiting for Redoil for eg. |
| Politics › Re: Okonjo-iweala’s Integrity And The Economy By Peter Akparanta by LRNZH(m): 3:45pm On Jan 08, 2015*. Modified: 4:05pm On Jan 08, 2015 |
Curlieweed:[b]1. Buhari, Apsheet is name calling silly. 2. Nope. You stay consistent with your variables if you're running a comparative analysis. I don't know who you are but that The Economist is picking numbers out of their butts is highly impossible. They are using non rebased GDP and I confirmed it. However you look at it GEJ, rebased GDP or not, GEJ is worse off. 3. I blame a weak GEJ for playing politics and pandering to the governors request to spend if the story is even true. Another evidence that he lacks vision to instil fiscal discipline in his administration. Let's not even talk about the revenue losses from oil bunkering and missing funds from Gov't parastatals. 4. You make me guffaw here. At an average of $95 per barrel between 2011 and 2014, there should be enough saving for those long term projects. At least even if you're taking advantage of low interest rates to borrow, there should be a significant amount of savings and not debt surpassing depleted savings. Those rates are not even locked in. They fluctuate. GEJ and NOI have failed in this regards. Long term infrastucture projects. I bet you mean refurbishing trains, building 400mw substations and a phantom Niger bridge that will be on toll for 25 years. Please we are trying to secure Nigeria for ourselves and the unborn. No need to use the lens of politics to twist logic on its head. [/b] |
| Politics › Re: How Jonathan Killed His Good Luck, By Adekoya Boladale by LRNZH(m): 3:30pm On Jan 08, 2015 |
GEJ bludgeoned it. 1 Like
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