₦airaland Forum

frank317:
@winetapper,

That u don't understand how things work does not make it spiritual.. the healer u talk about knows his act and would probably prefer u think he has some supernatural power (so many humans enjoy being seen as super humans, even the so called ordinary pastors).
This is the difference with medical doctors. Imagine if the doctors were not as open with their method, just as our traditional fore fathers saw he white. Imagine having malaria and a doctor's gives u some round white chalks and u take them according to prescibtion... Isn't that magic/spiritual enough?
Trust me most traditional healers even think the are spiritual but know their process is systematic... Giving away their process will reduce the respect and rever u have for them.
Imagine the ordinary way we look at doctors who have healed millions with their knowledge but because they are open, we think they are just ordinary.
Trust me if the healer exposes his act to u, u will marvel.

My advice for u... It is very very wrong to assume what u dontunderstand as spiritual. this style kills ur curiosity and marks u gullible.

Thanks.

There are many questions you may not be able to answer going by your line of reasoning.

Believe it or not, the spirit is real. Feigning ignorance of this fact cannever diminish the reality of its veracity.

ToriBlue:
Our own can never be full, its almost reduced to half.

Even the change they promised us........was never full!
LOL

Your friend was busy with his books while you were busy eating pomo

.. No wonder you can't compose good readable write-up

Congratulations!? ??

Live at Palm Grove bustop now

ybalogs:
This guy is in trouble for saying it as it is.

As it is...... Yes he is in government and eats from govt. No more hunger for him and his family.



That's how it is... .. He just did that.

SMH

pogolowa1:
you mustn't insult to be heard argue intellectually.

No hard feelings. Undiluted Truth must be told.

DropShot:
The question is: what next after the protest?

Senseless protest. They were mute when their future was being looted by the Ineffectual Buffoon and his cohorts.

See painment

DropShot:
Nigeria is surely very bad at the moment but we failed to cry and hold past leaders accountable when we were supposed to.

A man who worked for 30 years earning decent salaries but failed to save for the rainy days will have himself to blame if and when his income is halved. Our problem was caused by the past administration's failure to save while looting what they met and earned.

PMB is unfortunate to be president at this time BUT we Nigerians are lucky to have a shrewd man as him and Osinbajo at this moment.

If the IB had not been booted out, one can only wonder what could have become our story. His was an administration that had to borrow to pay federal workers even when crude was $80 per barrel. Also, about 30 states were unable to pay their workers for up to 8 months as at the time PMB came in! Where were the town criers of today? Where was 2 Face, Charlie Boy, and other beneficiaries of corruption of that time?

I will ignore
senseless response to my post.

Tell it to the wind.

You know that your comment is an ant infested F A G G O T. Do not be afraid when lizards visit you.

Trash!

Dasuks:
Na to siddon look bro. Let's see how things change between now and the end of the year.

Fully aligned!

Dasuks:
Same enthusiasts that'll be running left to right when it's their turn to chop but there's nothing to eat because the politics they've played has destroyed the economic base of the nation. The rent-seeking mode of enrichment we have in Naija is stale . I mean ppl are running same gambits that politicians ran in Shagari's time till today. End of the day it's to move the money abroad. Lol, changing it into foreign currency pounds or dollars-propping them up- and wonder why the naira is shit ......
I'll be happy if we had Taiwanese style or Suharto like feudal Lords who invested the bulk of their capital into their respective countries. If you'd be oppressive at least allow growth.....With all the billions stolen the only thing they can boast of is houses in Houston or London or both and elsewhere. No factories for e.g FMCG goods, machinery etc in PH , Lagos, Kano or Ibadan.. No refineries at home, but some abroad. No power generating companies. However they'll never tire to erect white elephant projects.

Even this so called 'industrialization' talk is most likely to be morphed into a race for who has the most factories/projects in their 'zone'. Turnkey projects that will only benefit the foreigners who install the equipment and secure maintenance contracts for their companies. Of course in conjunction with the politicians ad top civil servants. Eventually packing up and leaving a vacuum in the respective locations.
No attention is paid to setting up industry in places that have enabling environments; culture of innovation, import replacing actors, mini industry that can be scaled with the presence of larger actors from which sub functions could be appropriated etc. Without these the factories come into a vacuum, fill it up and due to the very same vacuum do not foster growth, leaving at the quickest sign of cheaper costs elsewhere. Or as is the case in Naija most of the time; bad management.
Lagos-Ibadan Axis, PH-Aba and Nnewi-Onitsha are like the only three I can think of that somewhat reach these parameters. But i dont expect these areas to really get much .lol. NASS boys and girls will always fight for what they feel is their right. Cat blame anybody. Afterall its a zero-sum game. Tho, the gist will remain the same, 'How can Naija move forward?', OR 'Why is naira weak?' lolololol.
Commission of inquiry this, board that....

The gospel truth you penned down speaks for itself.

The flavor of their blame game has lost its taste.
Sad to say that we are yet to see the positive change promised to Nigerians. I thought the integrity and patriotism of the man in saddle, coupled with his body language would have reversed all these system failures due to varied vested interests from all quarters.

Our economy is in comatose, policy sumasault every where, erosion of investors confidence is at its peak, what can we say is thriving at the moment but nepotism and ethno-cultural division? Lol

fastjett:
Nigerias are all coward they don't want to die, the problem is not APC or PDP the problem is Nigeria themself, just a common threat everybody run away,how will our future be better if we can not confront out present situations. All we know best to do is to call God to come and solve our problem even when he has given us the wisdom to solve them. Am ashamed of this Nigeria.
2baba is a disgrace to the youth when you don't have the ball don't come out and start something u don't have the charisma to handle in the first place.
#I want revolution not 2baba kind of protest.

Before you brand it a common threat, ask those who lost their lives during IPOB protests when a common threat like this was issued.

Are we in democracy? Your "guess " is as good as mine.

#TuBabaIsAHero

Dasuks:
Well the govt is supposed to have a plan lol. Not me or you. Regardless Nigeria is really just an oligarchy of notable personalities who have appropriated the voice and welfare opportunities of their ethnolingual groups unto themselves. Until such norms of socio economic and political behavior are overturned it'll be ex army generals like we have now, or a reluctant tool of others e.g Jonathan, heading our affairs.
What happened to Atedo Peterside and Pat Utomi and co....... Simple, they cannot mobilize politically in the present terrain.

You just emphasised the obvious. Political enthusiasts might not agree with you tho. They prefer to blame every body and everything but themselves and the power brokers. Nigerians know better.

BlackBaron:
Let the truth be said that the decline started during Jonathan's regime.
No doubt, oil prices has been the chief contributor to this and the anomaly that is politicians feeding the fx system got shut down. Mind you, it has also exposed heavily how the country is unable to get fx outside of oil.

Now, if Mr Buhari was worth his weight, he'd have mapped out this before coming into power. From their campaign, they made it look like they had confidently drawn up blueprints for productivity in other areas.
Instead, we got infinitely mundane mix and match and match policies especially in the black market. I mean it took quite a few months to employ a Finance Minister despite the seriousness of the economy! (akin to sailing in a storm with no one at the wheels)

Couple this with a relatively lacklustre roadmap to local productivity to ensure exports or at least even seek trade deals to ensure exports if not now even the future.

Instead, he'd managed with his atrocious economics, we have had to ensure a non uniform fx system where few with access to CBN can conveniently benefit to an extremely large extent. He's subsequently then shoved up policies that impacts directly on the most common man by and too slow to implement infrastructures that can spearhead productivity.
The laws for example are terrible for businesses (I run one) yuck!
His knack for arbitrary total bans on items we can not produce to meet demand without extensive government support is dumb.
The result is that with salaries stagnant, we are now seeing majority of the population unable to afford items they need to survive.

Spot on.

But political loyalists would rather absolve the present government and their actions and inactions from the mess we are in.

ba7man:
So you think diversification of an economy that has been reliant on oil for around 40 yrs is somthing that will occur in 1yr?

$ 8 billion is required to revive our Steel industry alone.

You better brace yourself for what's ahead.

.... .. A journey of a thousand miles they say, begins with a stride......Show me a budget that has been designed to address this, even now, and I will agree with you that there is hope for this country and vise versa.

ba7man:
Leave all this story you're saying to sound intelligent.

If oil prices and output stay low and we don't move the Nigerian economy away from oil, this recession will continue.

We've had this coming since the 80's and guess what.....its finally here.

Now it is obvious to know that we are in a rudderless ship. So unfortunate that the government of the day is so helpless and cannot manage the economy out of murky waters. What a shame!

The task of moving the economy away from oil rests on the shoulder of the ordinary Nigerian in the streets?

Leadership failure carried over till date has become our bane. Too bad.

Dasuks:
90% of the forex needs of the non-oil economy is serviced by oil earnings. CBN ops to sustain/defend the naira against $ power is supported by these $ earnings. At 100/barrel plus for three straight years it is a no brainer why GEJ's era seems better. See the thing is that Nigeria's economy though no oil dominated is actually heavily dependent on it as it makes up the bulk of exports.
That is to say that whenever the prices are high the country enjoys an artificial boost!! to use the AD-AS model ( if youre familiar with it) the AD ( aggregate demand ) is propped up without any real increase in supply/productivity. The oil money also artificially appreciates the naira, above its true value that is. Take away the oil exports and u see that little of anything is exported. Last time I checked it was pyrophoric alloys or so lol. And the non-oil economy isn't really a boon to productive work, they're mostly import oriented, needing the very same forex that oil provides. The problem is structural. Productivity is almost non existent !!
Imagine the currency markets as a clearing house where Multinationals/Foreign investors seeking to trade naira earned for dollars, and Naija exporters trying to change their $ for Naira. The former class are a lot, but the latter, our own exporters are short of their foreign counterparts. Leaving more $ demanded on any given day than the naira.CBN easing with oil $ would normally help. However with low prices and avengers-wrought low production even now that prices have picked up.... you get this 350-500 per $ nonsense. Altho in a productive place the other side of the equation would normally produce demand for the home currency not allowing it to drop too far. Except it was intentional to make exports cheap ( eg China and Japan) but thats more or less controlled and not severe and abrupt like we have here. Well if you're an exporter you'd be having a ball tho. Your $ can be flipped for more naira .
Moral of the story : Oil is still a crucial part of our workings. We need an inclusive govt to get these disruptions to stop happening.The only way out is INDUSTRIAL productivity.
Note I didnt say agric. crops and other metals arent as big as the oil industry( and labor intensive agric has a production plateau, mechanization requires less than 3% on avg on the fields, so unemployment isnt gonna be solved by that). Platinum , rare earth metals etc or cocoa, nickel bring the largest producers less than 10 billion each annually. Most crops individually less than a billion. That goes no way to filling the 50-100 billion $ a year that oil provides. Concentrated mass Manufacturing beats oil any day !!!!
Regardless I hope I kinda answered a bit of your question.

With all the analysis and explanations provided, may I ask you rhetorical questions?

1.When the chips are down, who has the power to make policies capable of steering the economy towards productivity?

2. If those policies are in place, not as abrupt as our case here, would there be a visible change of fortunes in the economy?

3. Is government of the day excusable from economic management as a primary responsibility?

progress69:
Clownish question.

The value of Naira is determined mainly by the price of crude.

Jonathan rode on oil tide for 3 years, with nothing to show for it, even in the reserves.

We started feeling the heat of the dropping oil prices which forced Jonathan to devalue Naira to N197 to a dollar, which was trading at N232 to in the parallel market. Bare in mind that oil prices was still as high as $70-75/barrel and Nigeria was producing oil at full capacity. 2.2 million barrels/day.

What do u expect when oil price dipped to low as $28/barrel with little reserves to defend the Naira as was done by Sanusi.

What do u expect, when militants blow up pipelines and reduce our production level to as lownas 1600 million barrels pwr day ( interestingly those that wail the much are always very happy when a bpmb goes off on crude pipe)

Bare in mind that Sanusi used about 50% of the reserves then to defend the economy and Naira, yet Naira lost over 20% of its value. Luckily for Nigeria, or let me say unfortunately for Nigeria, Oil price picked again in a short time.

Why I said unfortunately is because, if oil didn't pick up so fast then, our leaders would have been serious about DIVERSIFICATION!

Tell it to the wind.

What is the role of the pilot when faced with turbulence in the sky or the captain when faced with storm on the high sea?

The present Government is inexcusable.

mykelmeezy:
those who refer to nnamdi kanu as a coward


hope you now see the difference irrespective of kanu course being different in its way


"the government is mad" - kanu


2face just ruined his career to some extent

May I remind you that "The Man termed A REBEL by the Government is HAILED as a Freedom fighter and a HERO by the oppressed."

I guess you now know the devide you belong to.

progress69:
The kind of bold faced lies u people tell is shameful and alarming.
Its high time kids like u run from the politics section. First and foremost, Jonathan left oil at about $60/barrel and naira was N197/$ and traded around N230-N250/$ in the black market.
Oil later fell some months after to as low as $28/barrel.
If u are expecting an immediate sharp appriciation of the Naira cos crude finally stabilised at around $50-55/barrel for about 4 months now, then u need to havebur brain checked. How many times in the history of Nigeria have u heard a devalued naira appreciating back to whatever it was before or even a significant appreciation.

The problem of our economic misfortune has become irreversible?

obailala:
Yes absolutely, the lackadaisical attitude of the govt in hitting the ground running (even till now) eroded and erodes investor confidence. At times like this, in order to restore confidence, the govt doesnt just need to be working on overdrive, it also needs to be seen working. However, the biggest single cause of the mess we find ourselves in is the sudden crash of oil prices coupled with the revenue lost due to sabotage of up to 50% of our oil export.

Meanwhile, the cause of the skyrocketing of commodity and service prices is the exchange rate, the dead Naira. Nigeria imports everything.

I strongly agree with you on the governance side.


Irrespective of the myriads of genuine causes of our economic downturn, we cannot loath over the fact that our case still has solution.

Stressing the diagnosis of our dwindling economy without putting political correctness behind and pursue vigorously economic rectitude cannot be overemphasized.

If we have a listening government, Nigeria's interest overrides political inclination. If the tool is given to tested and proven professionals, with minimal political intervention over the discharge of their duties, why won't the economy be under control?

obailala:
The amount pumped in by investors is a drop of water compared to the ocean coming in from oil export. Oil price is purely the reason behind the drop in value of the naira because Nigeria depends on oil sales for over 90% of its forex. Of course, jonathanians would rather die than accept this simple fact.

With oil prices averaging $100 for Jonathan's tenure, there was high inflow of forex and the CBN then kept spending billions of dollars monthly to maintain the value of the naira at N160; thats is exactly what kept the value steady. But as soon as oil price dropped even under Jonathan's nose with his 'world class' crack economic team, naira dipped from 160 to 230 in the blackmarket, and this was despite the fact that the CBN then blasted $10billion within 6 months (Nov 14 - May 15) to struggle and keep the naira steady.

And yeah, talking about investors running away, nobody, not even the early morning akara seller takes their wares to a poor neighbourhood. Nigerias exinomy is a function of oil price, as soon as oul prices began to crash, and it was clear the econony was going to go down, investors started packing their bags.JP Morgan gave their first warning to delist Nigeria as early as February 2015, that was before anyone even dreamt that buhari was going to win elections. But then again, emotional Jonathanians would rather die than accept these facts.

You would acknowledge that there was investor's confidence erosion when Mr president's economic road map failed to hit the ground running after his inauguration.?

This Government is inexcusable in taking absolute responsibility for holistic governance failures. My opinion tho.


https://www.nairaland.com/3610659/how-much-prices-items-skyrocketed#53415195

obailala:
You have still not answered Mr Lai and you want to rest your case?... Isn't that obvious that you have no case?.. This is preposterous!

You spend the better part of the last 2-3 years accusing someone of being a prolific pathological liar, the person finally decides to respond to this accusation and your only response is "a clear conscience fears no accusations"?

Vox populi, Vox Dei

obailala:
The only reason you have been given the task to remind him is because you and your ilk have been dancing naked around town for ages singing about how he lies. Now he has dignified you with a response by asking you to point out examples of these lies which you and your generation have been singing about, but you are yet to redeem your dignity by providing an answer.

Suffice it to say that a clear conscience fears no accusations. It is only in Nigeria that we have smokes without fire?? Which defies natural laws and principles.

Be that as it may, I know that Nigerians are so deranged by the impact of this untold recession that they no longer know the difference between the truth and lies.

You know as well as I do that you can only tell the blind man, like Nigerians, that there is no oil in the soup, however you cannot tell same blind man that there is no salt in the soup cos his taste bud knows better

I rest my case.

obailala:
In that case, kindly tell me one single politician in Nigeria (or even globally) who isnt a liar?... If all politicians are liars, then isnt it obvious you single out this guy simply for jokes because of his name?..

Theres a difference between failing to keep a promise and outright lying. Its shameful that you (and a multitude of others) dont know the difference.

Hahahaha

If the Boldened is true, then Nigerians should apologize to the hero of Nigeria's democracy

I guess you know the only living legend who fits into that description.

When a knife reminds you that it is one, then check well, it is not and has never been one.

If you have to put me to task in reminding you when you have ever lied for once, then check well if you have ever told a single truth.

obailala:
Is that your only example of the lie you could cone up with after 2 days?

If only APC delivered their failed promises after 2 years, there wouldn't have been #IStandWith2Baba.

2 days is inconsequential with respect to 2 years.

obailala:
Hahahaha... but the funny thing about this is that not a single soul on this thread so far has answered his question, not a single person has been able to provide a typical 'Lie' which really was a Lie.

Vote for APC, we will give you positive change >>>>>Lie

Exponental:
What do you mean by small car? By size or by price? Be specific and state your budget.

Post the pics and specs here

PM me for a professional service. Your satisfaction comes first.

Has anyone been to berger bus terminal along Ibadan express way? the construction work going on there is massive.

Ambo is very serious oo. I feel he may slow down during second tenure as Fashola did.

I can't.
Can Buhaari live in Aaishaa's other room?

klassykute:
abeg weti. moniker mean

Sobriquet