₦airaland Forum

The situation is what it is. It's lazy blaming Luggard in 2011.

It's highly unlikely a break up will happen soon, if at all. I suspect Hausas & prob Igbos will be against - the latter will be very concerned about losing vast investments in the north. Yorubas prob have no urgent need for a break-up, though voices of discontent will increase were Lagos to come under sustained terrorist acts foe example.

agree, qualification isn't everything.

In any case, as most of our universities now turn out dross, it's difficult to respect most of their certificates/diplomas/degrees.

unconvincing 'leader'

Atiku's biggest problem is that, unlike most other politicians who manage to survive a lack of credibility, there seem to be universal acceptance that he is unfit to be president.

Mind you, he seems more articulate that a certain PhD holder.

Due to the mindless violence that xterise the voting experience in the country, there are very few legitimate voters in Nigeria.

Come polling day, the vast majority simply stay at home, draw their curtains, and nervously monitor local news to see what violence has broken out in their area & what additional precautionary measures they need to take to  protect their family.

In a city of 500,000 people of voting age, less than 10% will go out to vote on pollling day.

INEC, sponsored political thugs, and the police work hand in hand to enter phantom voting numbers, on the orders of powerful 'big men' from Abuja or the relevant state capital.

Cant understand why anyone gets worked up about 'elections' in this country. Genuine elections? no, a classic nigerian farce? Absolutely.

heart-warming human story. what this confirms again is that beneath the banality of corruption & the wanton subjugation of our morality, sense of duty & communal interests lay a vast number of silent, decent, and hard working people up & down the country, whose sole aim is to fend for themselves & their families.

If only the insanely corrupt politicians & civil servants would let the ordinary decent people flourish.

What a coincidence. Was thinking exactly about the value of the naira 2 days ago, & concluded that its current value may be unsustainable in the short to medium term.

- Our installed productive capacity is too small, & even the little there is, is underutilised
-To fill in the gaps, we import on a massive scale
- These imports have to be funded hence the rapid depletion of reserves.

What will certainly tip the scale profoundly in the short term (6-9mths) is the situation in the delta

Either way b4 2011 ends, I expect 165 to USD, and 280 to GBP.

The Brish economy is at its lowest ebb for 2 decades, yet the naira is 250 to GBP, at a time when crude price has remained quite robust.

What happens when international markets' confidence in the outlook for British public finance improves in 2011, as consensus estimates appear to suggest, then we can expect GBP to rise againt the naira, perhaps taking us to 280 to GBP. And if oil prices fall to & remain at around USD60 for a sustained period, then the naira will be in further trouble - maybe 170/175 to USD, & 285/290 for GBP would become a reality.

These are prob worst case scenarios & the naira may end up fairing better. But, I look on the micro & macro economic sides, plus the financial (money supply) & political instability associated with Nigerian elections, and I struggle to see an upside for the naira next year.

If you are abroad, think twice about sending your foreign currency home unless you have a special project in naija. If you're lucky to have some naira in a nigerian bank, you'd be better off taking care of relatives from that than sending foreign currency home.

With official inflation rate of about 13%, and savings rate of 3% or less, your 1million in a Nigerian bank will only be worth 900k (if you're lucky) in real terms by this term next yr.

Moral of the story? If you are abroad & you have the option to keep money there instead of Nigeria over the next 12mths, then do so.
Those resident in Nigeria obviously dont have that choice, so they will continue to keep their assets in naira.

Not a very patriotic advise, but I know how difficult it is to earn money abroad, and not many of us have the time to work out & understand how inflation & currency  devaluation destroy the value of money.

Lol,,, the person that desrves an award is his wife.

Can u imagine having to scramble for a dictionary when your husband makes a 30min speech, which when translated, means nothing more than 'I love you.'

Nigeria's not a 'failed state,' but it is failing in too many key areas.

Surprisingly, many Nigerians still buy into the propaganda that it's the giant of Africa. By population, yes, but not by much else.

Lol, just when you think you've seen the weirdest things in Nigeria, gbam! a Nigeria politician hits u with the most laughable emotional claptrap of a resignation letter ever!

Oh! ah!! eyah! pls! y'all my brothers & we ' formed a family'

Ah! oh, Mr President! thank you! thank you!  for calling me your sister!! & pls, pls, never, ever! stop doing so cos I cant cope otherwise. Pls! in the name of God, continue to like me!!!

Erm! ah! remember! drug companies spent 10 mil on my  rebranding project. Ah! Ori mi o!

ye! oh no!! pls! I need to say all this! so you dont deny me the chairmanship of a juicy senate committee for joining an opposing party!!!

Ah! Oh! my head! my toe! ye! my body,,,! 

PURRRGH!!! Only a nigerian woman would write a letter like this. Our abilty as women to belittle ourselves & emotionally blackmail knows no bounds, but even then, this letter is the most ludicrous, laughable & embarrasing resignation letter.

Look around the world & recent history, you'll find that political office holders rarely do well in their 2nd/final term, because - but not limited to - the fact they no longer have to face reelection.

Think Clinton, Bush, Mbeki, Obj - like I said, each of these had different reasons for being distracted in their final term. Also, can you mention any governor in recent political history of Nigeria who did better in his final term.

18 - 24 mths into Fashola's second term, the business of govt will begin to die a slow death. Fasola's focus then will be securing his 'pension' - massive embezzlement.

Yes, he has done very well. H/ever, if there is a capable replacement, Lagosians shld thank Mr Fashola for a job well done, wish him good luck in his future endeavours, and send him on his way.

Second term = massive looting. It's not just Fashola, it's the commissioners, & all the political hangers on. It's the norm accross the country.

People should not  get emotional over this. Think with your head, not your heart.

are we going to see the goliath fall, finaly? they seem in so much mess.


you dey laugh, me I dey wonder o

Party looks to be in chaos

http://www.punchng.com/Articl.aspx?theartic=Art2010121515331131

http://www.independent.co.uk/news/uk/crime/wikileaks-julian-assange-remains-locked-up-until-swedish-appeal-2159829.html

The Saga continues

Compared to other governors, he is doing well.

But one thing I dont subscribe to is hero-worship.

If his party gives the ticket to someone, who they believe can do even better, why not?

Politicians come & go, & so will Fashola, even if he does a 2nd term.

I certainly dont follow the herd that says no one else can do better than Fashola. How do they know?

@OP, handing out cash like that will destroy what's left of the economy. Think hyper inflation.

Think also Soviet Union; North Korea; and to a lesser extent Cuba.

Whilst some may refer instead to the welfare system in Europe, many economists will tell you that many of those countries are now in deep sh.it partly because of their unsustainable welfare bill.

The Nigerian state needs to concentate on other ways of improving the lives of its people through:

Quality education
Sound healthcare system:
Provision of regular power
Adherence to law & Order
Credible macro economic policies
Scaling down p unfruitful public expenditure.

I can go on, but Im sure you get the drift.

i bet he knew what he was doing when he fled to the UK - a guarantee of fair hearing by one of the most independent judiciary in the world.

The top-end of the British judiciary will not bend to any pressure from anybody. His bail application will have been considered against all the facts & nothing else.

Thats why the applicable law in most international contracts tends to be English law, even when British companies are not involved.

Thats not to say Assange will certainly win the actual extradition case.

I support her right to contest for a Nass seat.

But any suggestion that she has been a competent Minister must be a joke.

That said, she might be more useful as a senator.

Strategically, the Governors decision to support GEJ & extract as much commitment as possible from him on infrastructural projects in the East may be the best option for Igbos.

The idea that Jonathan can 'deliver' the presidency to the Igbos in 2015 is unrealistic. The guy can barely deliver it to himself now! Jonathan has no base in PDP & is currently propped up by OBJ & the like. How can he deliver it to the Igbos??

It's the big players behind the scene who will decide 2015, not necessarily Jonathan.

Arsenal has superior technical ability, but not the mental toughness of Man U.

If Wenger plays Djourou in defence, Arsenal to draw or win. If he plays the 2 weak French central defeders, Man U to romp home.

A draw will still be a good result 4 arsenal

what wikileaks continue to show is the 'Our way or no way' attitude of the US.

But then again if u look at the way the British killed, maimed, manipulated & bastardised millions of people in the name of empire building, you'll realise the Americans are not the first to behave in this inhuman fashion.

But like every empire, the American one will one day fall.

sorry, I already swore allegiance to the Queen of England. There's a better chance of me hijacking Prince William & eloping with him to Bora Bora than dying for Nigeria. Nigeria are you mad