Malali's Posts
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DomPerignon: Damn....who are you !! Finally someone gets it 100% You sound well traveled or you live abroad ? Or you studied this up to postgraduate Anyway kudos.....I am happy we still have intelligent minds like this or Nigerian background. You are definitely not a Gen Z !! |
TJOS:I beg to differ, there are so many systems abroad that will give you atleast 10% passively, all from your computer, in terms of stocks and bonds etc. Any smart Nigerian in diaspora will invest in these financial instruments and then move back home, if they so desire. These systems have been tested and trusted for over 50 years, generating passive income. In Nigeria, investment is risky, the fiscal policies are authoritarian and existential...The way Tinubu removed oil subsidy and Forex subsidy in 24hours would scare any investor, things like these usually get eased in slowly with debates in the senate and house of representatives and the government saying what they have set in place to alleviate the expected sufferings. Imagine bring your 1 million dollars from diaspora,to invest, you change it to Naira and start your investment. Lets say you want to set up a poultry. You wake up the next day and the dollar is now 1750naira after you changed it for 400naira 2 weeks ago. That will never happen in a developed country. Tinubu should have had a senate debate at least before making that move? why do we have democracy when one person can stand up and make rules without consulting the citizens ? |
TJOS:I think Tinubu is adopting the same approach used abroad, by the time you are done with basic living expenses, you wont have disposable income to go to London/America. |
DomPerignon:Hmmmm so much to digest. |
Over a quarter of U.S. oil production capacity in the Gulf of Mexico remained offline after hurricane Rafael weakened to a tropical storm that the U.S. National Hurricane Center expects to move on south and southwest this week. As of Sunday, over 480,000 bpd in oil production capacity and 310 million cu ft of natural gas were shut in, data from the Bureau of Safety and Environmental Enforcement showed. These represented 27.59% of total production capacity for crude oil and 16.67% of natural gas production capacity, the BSEE said. “After the tropical storm has passed, facilities will be inspected,” the BSEE said in its update. “Once all standard checks have been completed, production from undamaged facilities will be brought back online immediately.” Meanwhile, however, at least one company has started restoring production already. Reuters reported that Chevron had started returning evacuated personnel to its Gulf platforms and bring back production at the six production facilities. “We will continue to closely monitor the system,” the company said. Rafael formed earlier this month and last week strengthened into a hurricane, prompting concern about Gulf of Mexico oil and gas production. Computer modelling suggested that around 4 million barrels daily in oil production capacity could be affected by the storm if it remained a hurricane. So far this season, the U.S. energy industry has suffered the worst disruption from Hurricane Francine, which shut in about 42% of oil production and 52% of natural gas production in the Gulf. The energy analytics firm’s models suggest Rafael could become the second most disruptive storm for the year if the strength projections turn out to be right. Rafael was the 17th named storm this Atlantic hurricane season and the tenth one since September 24. Earlier in the year, the Energy Information Administration predicted up to 25 named storms for the season, warning that would wreak more havoc on the American oil and gas industry than ever before. The grim prediction has turned out wrong. https://oilprice.com/Latest-Energy-News/World-News/27-of-US-Gulf-Oil-Capacity-Offline-After-Rafael.html
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TJOS:USA/UK, All have these modus operandi, even these JAPA people, they just give you loans you can never finish paying, mortgage,car loan,student loan.......Its wild out there. I really don't know how some people sleep at night with so much loans. These models are now replicated in countries Like Nigeria.......We have more arable land than some of the countries we borrow money from. Let that sink in....Thats akin to a billionaire going to borrow money from a millionaire. |
kunIe:Tinubu and cohorts have shifted Nigerians attention to collecting more loans,removing subsidy,floating Forex. But there hasn't been the same energy in making capital expenditure (Capex) accountability in the fore front. |
DomPerignon:I think the world is unto their antics, everybody knows, they are printing paper cash (dollars) without limit and using it to obtain our natural resources (Oil) then they will turn around and borrow us the same paper money back for more oil......putting us in an endless loop. While they give us the dollar but the devalue our currency aggressively. Its even better we sell our oil for a rare commodity as well, like Gold. Gold has appreciated steadily, while the naira has fallen 400% in the same time interval. Thats why BRICS was formed, all the other countries are finally waking up. I think phase 2 is selling us bitcoin as "solve it all" but i dont trust them we should all trade in commodities. You want oil you give me gold !! I want tractor from china, i give them gold. These paper currency is a scam !!! |
DomPerignon:Well Said. Thanks for a nationalistic input !! Buhari refused IMF loan the 2 times he was in power, he also refused to float the Naira and remove oil subsidy. They mounted a lot of pressure on him. Tinubu did it even before spending one day in office. |
Nigeria’s external debt is now $42.9 billion as of the end of June 2024. According to the Debt Management Office (DMO), the share of 36 states and the Federal Capital Territory (FCT) constitutes 11 per cent of the loans at $4.89 billion while the Federal Government’s debt stands at $38 billion.https://guardian.ng/business-services/nigerias-external-debt-hits-42-9-billion-states-account-for-11/
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Summarized. The article discusses Nigeria’s long-standing resistance to the IMF and World Bank, rooted in nationalistic sentiments and distrust due to the 1986 Structural Adjustment Program (SAP). Although these institutions are often blamed for imposing damaging economic reforms, the article argues that the reforms were necessary for an economy mismanaged by Nigeria’s government. While Nigerians rejected IMF loans, they ended up adopting similar reforms designed at home. The piece highlights how Nigerians criticize the IMF and World Bank for policies like fuel subsidy removal and currency devaluation, but fail to hold their own government accountable for mismanagement and corruption. Key points: 1. Nigerians distrust the IMF and World Bank, especially after the SAP in 1986. 2. General Babangida implemented IMF-like reforms without the IMF’s direct involvement. 3. Despite benefits like debt relief, Nigeria’s government mismanaged the economy, leading to ongoing economic struggles. 4. Recent reforms (e.g., fuel subsidy removal, currency devaluation) are blamed on the IMF/World Bank, though the government initiated them. 5. The article urges Nigerians to hold their government accountable for the nation’s economic woes, rather than blaming international institutions. |
The International Monetary Fund, IMF, and the World Bank have long struck a raw nationalistic nerve in Nigerians.[/b] Romantic patriotism drives the strong nationalistic urge to resist any perceived IMF/World Bank ‘interference’. Several years ago, as a magazine publisher, [b]I interviewed Dr Kalu Idika Kalu, then finance minister under General Ibrahim Babangida’s regime, when he stopped over in London on his way to the annual IMF/World Bank meeting in Washington. I asked him why Nigerians detested the multilaterals. “I think in Nigeria we’ve tended to be isolationist,” he said. Nigerians, he implied, were self-referential and insular and loathed foreign nations or institutions telling them what to do, even in the face of a self-inflicted crisis. Now, I brought Dr Kalu into this discussion because the no-love-lost relationship between Nigerians and the IMF/World Bank duo can be traced back to his time as finance minister under the Babangida regime, which introduced the Structural Adjustment Programme, SAP, in 1986. To date, many Nigerians have not forgiven the IMF and the World Bank for “imposing” SAP on Nigeria, thereby “destroying” the country’s economy. But the story is more nuanced, and it is worth retelling. As those familiar with the events of that era will recall, General Muhammadu Buhari, head of state between 1984 and 1985, refused to touch an IMF loan and the attendant conditionalities with a barge pole even though Nigeria faced acute fiscal crisis caused by the drastic fall in world oil prices and Buhari’s own misguided autarkic economic policy. As a result, Nigeria lacked access to international credit and the economy was starved for foreign exchange. When General Babangida took over in August 1985, his instinct was to take an IMF loan and accept the conditionalities. But in line with his professed governing principle of dialogue and consultation, he initiated a national debate, coordinated by a committee, on the question of whether Nigeria should take an IMF loan and agree to its conditionalities. Nigerians overwhelmingly rejected the propositions. As one scholar later put it in the book Voting for Reform, “this groundswell of unanimity was unprecedented in Nigerian politics.” General Babangida accepted the popular wishes of Nigerians and refused to take the IMF loan. However, he interpreted the outcome of the national dialogue to mean that while Nigerians rejected an IMF loan and its conditionalities, they were not opposed to the government introducing necessary reforms to tackle the economic crisis. In other words, the reforms would be designed at home, not imposed from the outside. But it was a sleight of hand because the measures his government introduced were almost the same as what the multilaterals had prescribed: exchange rate flexibility, trade liberalisation, reduction of the petroleum subsidy, reduction of overspending and budget deficits, and privatisation and commercialisation of public enterprises. Those were the kernels of SAP. For most Nigerians, it was the voice of Jacob but the hands of Esau, the latter being the IMF and the World Bank. Since then, most Nigerians have never stopped viewing both institutions with deep suspicion! “For most Nigerians, it was the voice of Jacob but the hands of Esau, the latter being the IMF and the World Bank. Since then, most Nigerians have never stopped viewing both institutions with deep suspicion!” But those measures are the hallmarks of every open and competitive liberal economy; and any economy that has been so badly mismanaged, as Nigeria’s has, needs those self-correcting measures. However, Nigerians rarely hold their government to account for mismanaging the economy through misguided policies and industrial-scale corruption. Rather, they can smell IMF/World Bank ‘interference’ from a distance. Interestingly, while many Nigerians still blame IMF and World Bank for SAP, few credit them for supporting Nigeria’s debt relief, which led to a 60 per cent write-off on Nigeria’s official government (Paris Club) debt, as a result of which, by 2006, Nigeria’s external debt burden fell from $35billion to approximately $5billion. Needless to say, subsequent governments squandered the debt relief by amassing stupendous foreign debt that now stands at nearly $50billion. Yet, Nigerians reserve their most vitriolic attacks for the IMF and the World Bank, not their own malfunctioning government. In 2016, the then managing director of the IMF, Christine Lagarde, paid a four-day visit to Nigeria, from January 4 to 7. Judging by most media comments, one would think that an enemy force had invaded Nigeria. One commentator described the IMF boss as “Hurricane Lagarde”; another reckoned she was in Nigeria to institute some form of “deviltry”. I was compelled to write a piece in this column, titled “Love it or hate it, the IMF is a force for good” (BusinessDay, January 18, 2016). It was not a fulsome defence of the IMF, but my point was that the institution, established in 1944, after the Second World War, exists to 1) monitor national economic policies through the Article IV Consultations and caution countries, including developed nations, against bad policies, and 2) provide financing, including access to international credit, to countries in crisis, albeit contingent on reforms. Although a “clean bill of health” from the IMF would earn a country economic credibility and investor confidence, as the international markets take a cue from IMF assessments, no country is forced to take IMF advice or accept its loan and conditionalities. After all, throughout his eight years in power, President Buhari resisted IMF/World Bank pressure to float the naira, remove the fuel subsidy and withdraw the infamous CBN list of 43 products deemed ineligible for foreign exchange. However, because Buhari’s successor, Bola Tinubu, chose to implement those same policies, many are now blaming the IMF and the World Bank as if they instigated and imposed the policies on Nigeria. But think about it. Given that Tinubu introduced those measures on his first day or first week in office, it’s doubtful that he did so under pressure from the IMF and the World Bank unless he was having secret discussions with them before he came to power. Lest we forget, Tinubu did not believe in those measures in opposition; in fact, he strongly opposed the removal of the fuel subsidy and tacitly condoned the pegged currency and the CBN forex-ban list during Buhari’s presidency. Truth be told, Tinubu hastily introduced those “reform” measures to woo the international community, which reacted negatively to his deeply flawed election as evidenced by unfavourable editorials in many prominent Western newspapers. Which brings me to the controversial remarks of Dr Indermit Gill, the World Bank’s Chief Economist, at the 30th meeting of the Nigeria Economic Summit in October. He said the government should “stay the course” on the “reforms”, adding that they would take “at least another ten to fifteen years” to yield dividends. That was certainly insensitive, considering the acute pains that ordinary Nigerians are going through. However, Dr Gill also said: “The government must do everything in its power to protect the most vulnerable citizens against hardship.” Thus, the remarks were balanced. Yet, the media attacks were ferocious. In an editorial titled “World’s Bank’s deadly agenda”, The Punch newspaper referred to the bank’s “deadly stance on Nigeria’s precarious life.” The academic and Tribune columnist Farooq Kperogi wrote a column titled “World Bank’s 15-year death sentence on Nigeria”, describing the institution as “the soulless, blood-sucking economic vampire.” But who is holding Tinubu to account? Yes, the IMF favoured fuel subsidy removal but also called for “adequate compensatory measures for the poor and efficient and transparent use of the saved money.” Has anyone asked about the savings and how they are being spent? No. Tinubu floated the naira, but high inflation, high interest rates and forex scarcity are harming exporters and stopping non-oil exports from compensating for the naira’s steep devaluation. The fault, dear Nigerians, is not in the IMF or World Bank, but in Nigeria! https://businessday.ng/columnist/article/nigerias-economic-woes-are-self-inflicted-stop-blaming-the-imf-world-bank/
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nothingspoil70:Your failure is not epidemic. |
Frigga13:Are you bigot ?
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Nigeria's President Bola Tinubu will call for an immediate ceasefire and peaceful resolution of the Israel-Palestinian conflict when he attends the upcoming Arab-Islamic summit in the Saudi Arabian capital Riyadh, his office said on Saturday.https://www.reuters.com/world/nigerias-tinubu-call-gaza-ceasefire-riyadh-summit-2024-11-09/?utm_campaign=trueanthem:+Trending+Content&utm_medium=trueAnthem&utm_source=threads
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Tochi3:I am my own person, I use my sense, not batist, not obedient, not atikulate. All of them are scammers to varying degrees. |
Tochi3:This is an objective tread......no malicious comments. However Objective arguments are welcomed. ![]() |
doggedfighter:I suspected his children are there, the hypocrisy is through the roof. Tinubu's daughters live in New york as well. But they are quick to come online and tell other people's children not to JAPA. I am not a fan of JAPA, but they need to stop the hyopcrisy. |
Babatunde Fashola's recent comments at Elizade University about Nigerian youth migration remind me of a wealthy man telling a hungry person, "Why are you hungry? Look at me, I stayed here and I'm well-fed!" Sir, with all due respect, you're comparing apples with oranges, and these oranges have long since gone sour. Let's set the record straight. When Fashola asks why the Alakijas and Afobis didn't run away, he conveniently forgets that they lived in a Nigeria where one dollar exchanged for two naira – not the current rate that would make our ancestors weep. This was a Nigeria so prosperous that Ghanaians left their country to come here. Yes, you read that right, young people. There was a time when Nigeria was the "abroad" that others ran to! The Nigeria of the 60s, 70s, and early 80s that nurtured these successful individuals was a country where a fresh graduate could buy a car with their first salary. Today, many graduates can barely afford a decent phone with their first-year earnings. How do you compare eras when the playing field has shifted so dramatically? Migration isn't about lack of patriotism or leadership failure on the youth's part – it's about survival, a basic instinct as old as life itself. When wildebeest cross crocodile-infested rivers during the Serengeti migration, they're not being unpatriotic to their original grazing lands; they're simply following their survival instinct. From the ancient Indo-European migrations to the Bantu spread across Africa, humans have always moved towards better opportunities. It's in our DNA. Let's be honest – we all have just one life to live. Whether you're a billionaire or a street hawker, nobody is getting more than 100 years on this earth (and that's being optimistic). So when young Nigerians choose to "japa," they're not running away from leadership; they're running towards the best possible use of their limited time on earth. The solution isn't in guilt-tripping young people with examples of successful individuals who stayed back during Nigeria's golden era. The answer lies in addressing why people are leaving in the first place. When government policies feel like existential threats – from naira devaluation to inflation that turns three square meals into a luxury – people will naturally seek safer shores. To our respected former minister, instead of asking why young people are leaving, perhaps the better question is: Why should they stay? When basic amenities have become luxuries, when university graduates drive Uber to survive, when the minimum wage can barely buy a bag of rice – what exactly are we asking them to stick around for? If we truly want to stop the "japa" wave, the solution is simple but not easy: Make Nigeria livable again. No amount of motivational speaking or patriotic guilt-tripping can compete with the basic human desire for a decent life. Fashola, as an elder statesman who has served at the highest levels of government, should be brave enough to speak these uncomfortable truths. History remembers those who spoke truth to power, not those who justified power to truth. The next time our leaders want to address the youth exodus, let them first answer this simple question: If you were young today, with your current knowledge but without your current wealth and connections, would you choose to stay? Until we can honestly answer "yes" to that question, the airports will remain busy, and the "japa" trend will continue. It's not rocket science – it's survival science.
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In today’s rapidly advancing digital age, the concept of privacy feels increasingly like a relic of the past. We live in an era where digital footprints—once assumed to be fleeting and anonymous—are now indelible and meticulously tracked. In fact, the level of surveillance now employed by the United States, especially when it comes to monitoring the digital footprints of anyone entering the country, is so advanced that it is almost impossible to move through their borders without leaving an undeniable trace. Gone are the days when travelers could board a flight and expect to disappear into the anonymity of foreign soil. In 2023, if you’re heading to the United States, rest assured that the moment you step foot in an airport, they know who you are. “Mr. John Smith” is no longer just a name on your passport; it’s a digital profile made up of countless pieces of information—from your usernames and passwords to the very devices you carry with you. Even if you think you’ve powered down your devices, the truth is that the surveillance infrastructure is so advanced that your phone, laptop, and tablet may still be silently notifying authorities of your presence. Imagine arriving at New York’s John F. Kennedy Airport. You might think you’ve turned your devices off, but the moment you enter the terminal, your phone and laptop still send out signals. They’ve been tagged. They know you’re there. Whether it’s your cell phone number, the hotspot connection to your computer, or even the unique identifiers of the devices themselves—the digital alarm bells go off. Authorities don’t need to be actively searching for you; your presence has been registered long before you get close to the immigration desk. Welcome to the new world of digital surveillance, where your identity is far more visible than you might think. This level of surveillance relies on sophisticated tools and methods—far beyond just basic security measures. One of the most significant contributors to this phenomenon is the rise of data agencies like Palantir Technologies, which has become synonymous with advanced data analytics and intelligence gathering. Palantir, which has been rumored to have played a pivotal role in tracking down Osama bin Laden, operates by aggregating and analyzing vast swathes of data from various sources—government agencies, private databases, and public records—to create near-perfect digital profiles of individuals. This vast network of interconnected data has allowed agencies to track and trace every action a person takes in the digital world. You might think you’re escaping detection by using a VPN—that magical tool which promises to anonymize your online activity. But here’s the reality: using a VPN only makes you more visible. In the digital intelligence community, a VPN is often considered a red flag. When you attempt to hide your location or mask your identity, it raises an immediate question—why are you trying to conceal your tracks? Rather than making you invisible, a VPN often serves as an alert, signaling that something might be off. It’s no longer about hiding your IP address; it’s about profiling you based on the attempt to hide. If you think you’re safe by limiting the amount of personal information you share, you’re still being tracked in ways you may never have imagined. Beyond traditional identifiers like IP addresses, there are an array of sophisticated techniques that make your online behavior almost impossible to escape: • Web fingerprinting: Websites track you based on unique characteristics of your browser and device. • Device ID fingerprinting: Your laptop and phone have unique identifiers that make them traceable even across different networks. • HTTP fingerprinting: The way your browser communicates with servers can be used to track you. • User Agent string: This string of data—often overlooked—can tell websites your browser type, operating system, and more. • MAC Address: Every device has a unique MAC address that can be tracked when connected to Wi-Fi networks. • Behavioral biometrics: Your typing patterns, mouse movements, and even the way you hold your phone can identify you. • DNS requests: Every website you visit can be cataloged. • TLS Fingerprinting: The secure connections between websites and browsers reveal unique information about your device. All these tracking methods create a composite of your digital behavior so detailed that, even if you were to log on in Abia, Nigeria, and then two weeks later in Houston, Texas, authorities can identify you with 99.99% certainty. Even subtle shifts in your browsing patterns, the devices you use, and the network connections you establish reveal your identity with startling accuracy. This is the world we now live in: a world where we are constantly being watched, tracked, and cataloged, even in ways we don’t fully comprehend. The digital landscape has become a vast web of surveillance, and the idea of privacy has been fundamentally altered. For those who value anonymity, the idea of complete privacy in the digital age seems increasingly unrealistic. The United States has led the charge in creating a hyper-connected and highly surveilled world, and its ability to track and monitor those entering the country goes far beyond physical borders. It’s an invisible, yet ubiquitous, surveillance infrastructure that leaves no stone unturned. So, the next time you land in the U.S. or browse the web, remember: you are being watched. It’s no longer about your actions alone; it’s about the data you leave behind. And in this world of digital fingerprints, your every move is being tracked with incredible precision. In a way, the future of privacy is already here—only it’s not what we thought it would be. For Educational purposes only. Say no to Fraud
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MQ-9, a model that costs approximately $28 million per unit= 56 Billion Naira Each Iranian-manufactured 358 missiles $10-20 thousand dollars =16 Million Naira Donald Trump would end Isreali support in a minute. The cost of the war is too much on taxpayers. The Yemeni's are using catapult equivalent to shoot down 28 million dollar drones. This is their 12th drone. |
Nice try by the Rep, trying to circumvent and ridicule the law We saw what you did on video, paying the poor bolt drive to come and ridicule himself online, just shows how a lawmaker is "weaponizing" poverty. I wonder who your advisers are ? You have just added "weaponizing poverty" to your charges ? No one gets slapped and then apologizes to the person that slapped him/her Nigerians are not as foolish as you think. |
Botragelad:Truth Hurts ![]() |
timizeus:I was going to reply, but thank God,I read your previous posts. You are one of those guys from romance/comedy section of nairaland.I am not sure of your literacy ur comprehension ability |
When you fight: Palestine, Syria, Lebanon, Iraq, Yemen, Iran, Then you think you are free to roam around the world, All those people you have killed have relatives ALL OVER THE WORLD. Netenyahu has created enemies for all Jewish Isrealis all over the world, While safely hiding in a bunker.
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Baltasar Engonga of Nigeria
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Omodua: Can you read ? Read Isreali news. |
Fuckyoumod: Let me educate you once you start saying "Igala, Muslim from Edo that speak yoruba" you are racist. You cannot occupy someone's land and then give them Isreali passport and then deport them again.......lol The world has changed, all those terms like terrorists,sympathizer are just terms created. If you slap me, i will slap you back. You can keep inventing names.....Mr dictionary. |
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