Micktoxin's Posts

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Politics › Re: FG Govt Borrows N473bn To Pay Salaries And Overheads. by micktoxin(m): 10:20am On May 06, 2015

princejayboss:
Don't disgrace your empty head .... Before you type here make sure you are clean upstairs... Don't type with dirty upstairs... Thank you sire

Why insult the guy? Can't we disagree anymore without insult?

1 Like

Romance › Re: I Am Actually The Most Handsome Guy On Nairaland by micktoxin(m): 10:00am On May 06, 2015

firstEVA:
i don't care.

Was that attitude directed to me or to her?

Politics › Re: FG Govt Borrows N473bn To Pay Salaries And Overheads. by micktoxin(m): 9:55am On May 06, 2015

PassingShot:
Government of borrow borrow. Idiotas!

For crying out loud, Nigeria is not the only county affected by the drop in crude price. Why is it that of all OPEC members (minus Venezuela and Libya with internal crisis), Nigeria is the only country whose currency and economy have been badly affected as a result of the oil drop?

The answer is simple: We have a very grossly irresponsible and shamelessly corrupt regime spearheaded by a man with PhD in looting.

What happened to all the billions of dollars earned when crude sold above $100 per barrel?

What happened to all the monies in the foreign reserves ($35 billion) GEJ met at the beginning of his administration?

What happened to the excess crude account which had $20 billion when he became president but now about $2 billion?

It's even more disheartening to note that this hopeless regime didn't improve Nigeria's values in the 5.5 years it has spent managing our affairs.

I have said it before that in a civil and sane society, the next destination for GEJ and many of his cohorts will be jail after May 29th.

Argentina, Venezuela, Nigeria, Libya and Pakistan. All these countries are almost as bad as Nigeria. Tje reason why Nigeria is amplifoed is because of tje unrest.
I am at work now and will give a detailed explanation later, but trust me they are having serious problem. Check the bonds of these countries on bloomberg, your eyes will water.
All of them have many things in common. One bombshell, wait for Japan to blow over.

1 Like

Politics › Re: FG Govt Borrows N473bn To Pay Salaries And Overheads. by micktoxin(m): 9:51am On May 06, 2015

Megaphone:
Electricity did not stop them. There is no rule of law in Nigeria. do you know how the law works for businesses n China? A court in Lagos asked dstv to stop its price hike. it has refused to do so. now which sensible business would come to a country where people don't obey court orders? so if you are a foreign investor ad you come in and you have an issue with another business you take them to court say for intellectual property rights issues, you are not sure the other business would obey the judgement. that's a key issue. buhari needs to work on that and ensure no one flouts courts orders. its the job of the executive that is the police to enforce court orders. the court has done its job already. so u think apple with it intellectual property wealth would come to Nigeria where pirates run amok without any restraint? do you know t intellectual property issues apple is currently facing in China? Forget about electricity. buhari would get scammed like obasanjo if he focuses on that

How do you know Electricity did not stop them? I share most of your point, but I doubt you knew about this until I told you. This is my line of work, although I might not know much about Nigeria, I have first hand information to this case.
My issue is not with your narratives, but with your assumptions.

1 Like

Romance › Re: I Am Actually The Most Handsome Guy On Nairaland by micktoxin(m): 9:44am On May 06, 2015

firstEVA:
[size=40pt]ATTENTION SEEKER, GET A LIFE BIITCH![/size]

Well she is right tho. This guy has physco grin

. Worse than girls.

2 Likes

Romance › Re: How Do I Cope With Shallow Girls? by micktoxin(m): 9:30am On May 06, 2015

Justfollowit:
I want me a manly man not a pretty boy. You are only good as a side but not for the real deal.

Shouldn't you have killed yourself for looking so effeminate?

You must be really hot, to have such a high standard? That is harsh tho. wink

1 Like

Romance › Re: How Do I Cope With Shallow Girls? by micktoxin(m): 9:27am On May 06, 2015

[quote author=Mrinquisitive post=33464102][/quote]First thing first you need to hit the gym. You are too skinny bruv.

2 Likes

Politics › Re: FG Govt Borrows N473bn To Pay Salaries And Overheads. by micktoxin(m): 8:51am On May 06, 2015

Megaphone:
Wrong. Electricity isn't the biggest reason investors aren't coming. investors could generate electricity insofar they could make big profits. why hasn't MTN left Nigeria? what do you think they use to power their base stations? Investors aren't coming because the country is insecure security, there is also an absence of the rule of law and instability in government policies. provide 24 hour electricity today but let boko haram run gamut around the country and tell me which foreign investor would stay

I clearly said one of... I am not naive enough to call it the biggest reasons investors are not coming. Do you know in 2013, apple were considering moving their construction factory from China to Nigeria? Do you know what stopped them? Electricity, as they couldn't broker a deal with Siemens to build a renewable plant in Nigeria.

There are three key reasons I think investors are not coming:
1 High level of corruption-Same problem with Iran.
2 Civil unrest.
3 Electricity

2 Likes

Politics › Re: FG Govt Borrows N473bn To Pay Salaries And Overheads. by micktoxin(m): 7:47am On May 06, 2015

PassingShot:
While I agree that we need to diversify the economy, there is nothing spectacular that Emirates did that has made them to keep their head above the water other than robust management of their earnings. Our problem has been the looting of our earnings with reckless abandon.

Not spectacular? Maybe not for UAE for various reasons I don't have time to go into. However, this is the income breakdown for Dubai, which is the second largest economy in UAE after ABUDHABI.
Real estate and construction (22.6%), trade (16%), entrepot (15%) and financial services (11%) are the largest contributors to Dubai's economy.
Considering oil and gas revenue, with the exception of investment from UAE, was responsible for 80% of Dubai's income in the early 90s, if that's not spectacular I don't know what is. Dubai has been one of the diversification success stories of the 21st century.

4 Likes

Politics › Re: FG Govt Borrows N473bn To Pay Salaries And Overheads. by micktoxin(m): 7:26am On May 06, 2015

barcanista:
We don't need the UK/England model. A fiscal federalism model will open competition among states of the Lower Niger Region and South Western region, while the Northern region will want to prove some point. It is very healthy for our development and will mitigate most of these recurring situation

London was just an illustration of how much a city can carry a country if a proper investment are made. I read an article saying Lagos economy in gdp (current 90) should have been around $250 bill (Aprox half of current Nig gdp), if the government had decentralised and given lagos state more power 10 years ago. UK is one of the most centralised in the developed world, local council can't even make their own laws, which is the opposite direction Nigeria should be following. Nevertheless, while it's true fiscal system will benefit the whole state, it still needs to focus on large cities or countries in the case of Eu (See Eu fiscal policy) to function properly.

Romance › Re: Can You Die For Love? by micktoxin(m): 6:54am On May 06, 2015

Chiam55:
Yes a deadly lover what about you?

Hmm me that's a tough question.
I have to try the trick in this video on the girl first grin

. I don't want to die in vain grin

. In fact I don't want to die at all angry

https://www.youtube.com/watch?v=RCn7Xk_6sb8

Politics › Re: FG Govt Borrows N473bn To Pay Salaries And Overheads. by micktoxin(m): 6:04am On May 06, 2015*

barcanista:
My brother, diversification of the economy is good but don't you think that the government should empower states via fiscal federalism and resource control to tackle the ever growing economic challenge? We have a situation where all the burdens of the 36 states and 774 LGAs rest on the shoulder of the center, this is in addition to the responsibility of the Federal Government. This kind of system create room for Lazy administrators at State and Local level, and also encourage mismanagement. Nigeria can't continue this way and expect significant progress.

Each state should be declared independent and allocated a start up fund like USA did before world war 1.In hindsight, if the government had done that like 10 years ago, economies of states like Lagos state would have developed to three times what it is now.
I don't understand why Nigerian government is not even doing this? In fact many foreign investors will flock into lagos, because it offers less restrictions.
We have too many deadwood states like ekiti and osun, and many more in the north who contribute nothing into the economy. By following USA model, every states will be forced to think and invest wisely in their own states.
There are lots of states going bankrupt in USA of which the central government haven't offered to help them in US, as this will be at the detriment of states with great economies.
In most western world each country improve their best performing states. If you go to England you will realise London contribute more than 30% into the United Kingdom economy. This is because they keep developing London to compete with other mega cities like Newyork and Hong Kong.
Lagos and other big states should have gone really far, the federal government is definitely holding them back.

24 Likes

Politics › Re: FG Govt Borrows N473bn To Pay Salaries And Overheads. by micktoxin(m): 5:14am On May 06, 2015*

Nigeria should have follow the footstep of countries like Emirate and diversify long time ago. Oil prices will hover around $60, as any increase will be stopped before it gets off, due to fracking. So Nigeria better start investing in Agriculture, education and Tech start up companies like India and others are doing.
Oh.. subsidy should be stopped. Anybody with a common sense know this is now unsustainable.
Edit. Electricity should be among the main agenda, as it is one of the biggest reason foreign investors are not coming into the country.

56 Likes 3 Shares

Romance › Re: Miss Nairaland 2015 Contest RELOADED {nomination & Verification Thread} by micktoxin(m): 5:09am On May 06, 2015

Creamish:
aaww Thanx dear... I'll pass tho.

I knew you will pass. I understand, those young girls wouldnt have stood a chance tongue

Romance › Re: Can You Die For Love? by micktoxin(m): 5:07am On May 06, 2015

Chiam55:
I will do anything for love
I will do anything for love

But... I WON'T DO THAT!

ON a serious note yes I can die for the one I love. I haven't met him yet but I could and I would.

Hmm so you can die for the one you love cool

? This one is strong oo grin

. So you are a serial lover grin

Romance › Re: Miss Nairaland 2015 Contest RELOADED {nomination & Verification Thread} by micktoxin(m): 5:01am On May 06, 2015

Midehi:
thanks for the nomination dearie.

Hmm there is this feeling you won't do it? grin

You might just win. At least you have one vote from my side.

Politics › Re: Soyinkas Speech At Harvard. The Real Text by micktoxin(m): 4:52am On May 06, 2015

babyosisi:
They look like two different stories
I won't discountenance the other until he denies it
The above is from harvard uni
His tribal rants were probably not reported because they saw it at stupid and not newsworthy

That makes logical sense if you think about it. Sort of gave a disturbing insight into the average IQ of Nairalanders.

1 Like 1 Share

Politics › Re: Soyinkas Speech At Harvard. The Real Text by micktoxin(m): 4:45am On May 06, 2015

I hope that's the only thing he said, so that a lot of people on nl can eat some humble pie.
Some of you lots shouldn't make conclusions until you have verified the source and understand the background context.
Good morning everyone

2 Likes

Politics › Re: Why Tribalism Will Never End On Nairaland by micktoxin(m): 10:55pm On May 05, 2015

Politics › Re: Nigerians Will Regret Voting Buhari– Former Military Governor, Nkanga by micktoxin(m): 10:16pm On May 05, 2015

ijustdey:
http://dailypost.ng/2015/05/05/nigerians-will-regret-voting-buhari-former-military-governor-nkanga/

These kind of talks are blessing in disguise. This will only serve as motivation for buhari to prove this butt hurt people wrong.
Win win for Nigeria.

23 Likes

Foreign Affairs › Re: Oil Sells For Over $60 P/B For The First Time Since November!!! by micktoxin(m): 10:01pm On May 05, 2015

abubaka101:
Like reports have been insinuating for weeks now, "oil prices want to rise."
And finally it has!
For the first time since oil prices took a nosedive in November 2014, the price of oil has finally gone above $60 per barrel.
It seems there's hope afterall for Nigeria, especially as it has been commended for how it managed the economy in spite the fall in revenue.
Read more: http://www.cnnmoney.mobi//article?url=http%3A%2F%2Fmoney.cnn.com%2Fmobile%2Fjson%2F2015%2F05%2F05%2Finvesting%2Foil-above-60-dollars-a-barrel.json
cc: lalasticlala, Ishilove

I don't think this is the beginning of a new bull market for oil. We are just defining the new range, which is much lower than the old range. Frackers will open up the floodgates again should prices rise, the Saudis aren't going anywhere, and it is likely that Iran will be back in the market in a much bigger way after the nuke deal is signed (unfortunately for everyone imo). Prices got too low too quickly, and they have bounced just as quickly...but from here, material increases in price will be met with increasing supply and less demand. In London where I live, the petrol market is totally out of control now..with prices of £1.18 per litre (unleaded) common in the most areas. Combination of the unknown cap/trade tax, lack of refining capacity in Scotland, and occasional labor strife. But overall, we should be in a new range for a while I imagine.
This will only get worse(even more so for Nigeria), and there is no way the country can stay afloat without borrowing from China.

1 Like

Romance › Re: Warning Signs During Dating /courtship. by micktoxin(m): 7:12pm On May 05, 2015

LewisO:
[color=teal]This is the best thread of the week created by a lady. [/color]

1 Like

Politics › Re: Jonathan Has Ruined The Economy, APC Governors Cry Out by micktoxin(m): 7:06pm On May 05, 2015

spako4:
ABUJA – Old and incoming governors elected on the platform of All Progressives Congress, APC, have accused President Jonathan of running the economy aground, leaving them with an empty treasury.

The governors under the umbrella of Progressives Forum also stated that the president-elect, General Mohammadu would be faced with unprecedented financial challenges as he takes the mantle of leadership from Jonathan on May 29.

Chairman of the Forum and Imo State Governor, Chief Rochas Okorocha made the revelation, Tuesday, after the governors paid a congratulatory visit to Buhari on his electoral victory in Abuja
Okorocha said that the non-payment of April salaries by the federal government was an indication that the economy was in ruins.
Details soon.

: http://www.vanguardngr.com/2015/05/breaking-news-jonathan-has-ruined-the-economy-apc-govs-cry-out/#sthash.AqaUgpMU.dpuf

Well unprecedented. Time to take the bowl out and beg china for more money.