Monimatic's Posts
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![]() Only APC Zombies will believe that Fuel price will crash. Nothing goes up and comes down in Nigeria |
Immediately Buhari jet out of the country for his next round of junketting, CBN will announce the Devaluation of the Naira. That is how Buhari's Government operates, Buhari will travel out first and the Government will announce several anti people policies, that has been the trend and pattern since Buhari assumed power May 29 last year. |
I trust the Nigerian Military to do the needful, before Nigeria collapse like what is happening in Venezuela, the Nigerian Military will overthrow Buhari again for the Second time in History and retire Buhari permanently from politics and place him under house arrest in his village Duara for the rest of his gworo chewing and burukutu drinking life. |
[size=13pt]Kai what did we do to deserve this Fraudulent APC Government. They keep spreading falsehood and propaganda everyday. The whole fuel subsidy removal is a scam, just watch how things will get worse in the coming weeks, by the time Buhari devalue the Naira next week. Thunder fire APC with all their lies and deciet. Thunder fire all APC zombies still supporting this fraudulent Government anti people policies laced with rumors and propaganda. [/size]
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After months of insisting that he had no plans to devalue the naira, President Muhammadu Buhari has caved to pressure to change course; SaharaReporters has learned from an exclusive briefing by a few top aides of the president. A day after the Buhari administration increased the price of the pump price of fuel by 67%, from N86.5 to N145 a liter, our sources disclosed that Mr. Buhari has also agreed to demands by the International Monetary Fund (IMF) that he significantly devalues the Nigerian currency. Our sources indicated that the naira would be pegged at N290 to one dollar. The current official rate is about N200 to a dollar. Our sources said Mr. Buhari and his economic team took the decision to accept the IMF’s terms for funds that the Nigerian government wants to access to bridge a critical shortfall in revenue occasioned by a drastic decline in oil revenues. An administration insider told SaharaReporters that Nigeria could receive as much as $3 billion in credit facilities from the IMF. “The truth is that Nigeria cannot operate without sourcing credit from the IMF,” said one of our sources, an economic adviser to Mr. Buhari, who spoke on condition of anonymity. “And the IMF was adamant that we must devalue before they can discuss extending credit to us,” he added. Curiously, administration officials took the decision to devalue the naira without the input of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, another source revealed. An official of the CBN confirmed to Saharareporters that bank executives were kept in the dark about the discussions that led to the Buhari administration’s decision to devalue the naira. “Some of us here [the CBN] are not opposed to devaluation, given our country’s present circumstances,” the source said, adding that it was the CBN’s function to pilot Nigeria’s monetary policies. One of our sources pointed to the fact that the naira has been weakened in the parallel market, where it now sells at N360 per dollar. “The government cannot continue to operate under the illusion that the naira is stronger than it is. The only problem is that we did not start early enough to admit to Nigerians how bad the financial outlook was,” the source added. The Nigerian economy has been pummeled by falling oil earnings that have led to a near collapse of the economy. The IMF had long indicated its readiness to support Nigeria’s economy with credit liquidity but insisted on Nigeria devaluing its currency. President Buhari had insisted on numerous occasions, before and after his election, that he would never devalue the naira. It is unclear how Mr. Buhari and members of his economic team plan to justify the about-turn on devaluation and other policy somersaults. After initially vowing to reduce the price of fuel, the government yesterday announced a significant hike in fuel price. The administration also set to announce a 10% increase in value-added tax (VAT), another indication that the Buhari government was embracing the kind of liberalization pushed by the IMF. To compound dwindling oil prices, militants in the oil-rich Niger Delta region have crippled oil exports substantially after bombing oil pipelines and issuing threats to oil companies to leave the region. Last week, several oil companies evacuated essential staff from the region’s offshore platform leading to a reduction in daily oil outputs from 2.2 million barrels a day to 1.3 million barrels a day. http://saharareporters.com/2016/05/13/buhari-bows-imf-pressure-devalue-naira-290-dollar |
ganisucks: ![]() ![]() True talk my brother, Buhari is forming the new Sheriff and Sheriffat in town like some zombies will say. |
Another explosion rocked Chevron Nigeria Limited’s facility in the oil rich Niger Delta on Friday.http://thenationonlineng.net/another-explosion-rocks-chevron-facility-warri/
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chriskosherbal:Story for the gods How do u expect people living on minimum wage and millions of Civil Servants and unemployed citizens to get through this wickedness without any increment in their Income. Let's be truthful with ourselves for once. Everything is going up in Nigeria, but Income(Salary/Wages) is not going up...this is WICKEDNESS. |
Vice President, Professor Yemi Osinbajo, in the presence of the current economic challenges facing the country, said on Wednesday that Nigeria is in the move to “substantially re-evaluate” its foreign exchange policy, adding that a “more flexible approach” to the currency should be expected “soon.” He told investors, “We expect that with a more flexible policy, we will be able to attract more capital into the system and ease business.” This was contained in his speech on Wednesday evening while addressing investors in a conference organised by Renaissance Capital in Lagos State. He added, “We expect very soon we will see a more flexible approach to the currency.” Nigeria’s Economy has come under heavy attack following the drop in the price of oil, which is the country’s main export. However, the International Monetary Fund has advised those piloting the country’s economy to allow greater exchange rate flexibility as “the first line of defence.” Despite the slowdown in foreign exchange earnings as a result of the fall in oil price, President Buhari has stood his ground that the naira should not be further devalued. The president has repeatedly aired his support for the governor of the Central Bank, Godwin Emefiele’s maintaining of the naira’s official rate at 197-199 against the dollar since March 2015. This, the Nigerian business community and foreign investors have frowned at, saying that the presidency is interfering in monetary policy, which according to them, is hurting the central bank’s independence. Osinbajo continued, “We believe there must be some substantial re-evaluation of the foreign exchange policy especially with a view to increasing foreign exchange supply, encouraging capital importation and also being able to allow free flow of remittances… “We expect that with a more flexible policy we will be able to attract more capital into the system and ease business…” The vice president said that the executive is “not responsible for monetary policy” but added that he hoped the central bank would act soon with the policy changes he talked about. http://dailypost.ng/2016/05/12/nigeria-ready-to-devalue-naira-osinbajo/ |
Increment Of Fuel Price By Buhari Illegal, Insensitive, Immoral-Femi Falana SAN Human rights lawyer and activist, Mr Femi Falana, SAN, has declared that the new fuel price regime from the Federal Government is illegal and lacks statutory power because the body, empowers to take such decision is yet to be constituted by the government.http://www.vanguardngr.com/2016/05/increment-fuel-price-fg-illegal-falana/
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psquaret: ![]() Kai see the way you just murdered English Language You must be an APC Zombie |
[size=15pt] ![]() God bless u Oga Jonah Zombies will not sleep today Who God has blessed (GEJ), No man or zombie can curse 100 likes for GEJ[/size] |
community in the Bay Area of California. Mr. Jonathan said he was “proud of Nigerians in the diaspora and more so of Nigerians in the US and even more so of the Nigerian diaspora in California.” Continuing, the former President said Nigerians in the diaspora were an asset to Nigeria who remitted over $20 billion home annually, “much more than the World Bank, IMF and foreign direct investment.” Mr. Jonathan ended by saying he was proud of diaspora Nigerians and tried to show his appreciation for their support of Nigeria by ensuring that during his time in office at least three direct flights were initiated between America and Nigeria to ease travel and reduce costs for travellers to Nigeria. Below is former President, Dr. Goodluck Jonathan’s message on the occasion. Foramfera Goodwill message to the Cities of Antioch and Lathrop I send this message of goodwill to the Nigerian community in the Bay Area of California who have gathered at Open Heavens Community church to celebrate with me as I am honored by the cities of Antioch and Lathrop. I had planned to be there. Indeed I had concluded travel plans. Unfortunately, due to circumstances beyond my control I could not make the trip. I have always been proud of Nigerians in the diaspora and more so of Nigerians in the US and even more so of the Nigerian diaspora in California. Some of you may recall that upon my ascension to the office of President on May 6th, 2010, one of my first acts was to open up a Facebook page to personally interact with Nigerians. In June 2010, a diaspora Nigerian from the Bay Area of California informed me on my Facebook page of an abandoned building belonging to Nigeria in San Francisco and I dispatched our then ambassador to that city to claim the property and renovate it. Hopefully, the building may again host a consulate as it once did in the 80s. The point I am trying to make is that I have been communicating with you and I see you as an asset to Nigeria that makes me proud. Elsewhere, I have mentioned that aside from oil, diaspora Nigerians are the single largest source of capital inflow into Nigeria. In my last year as President you remitted $21 billion home. Much more than the World Bank, IMF and foreign direct investment. My people, you are an asset to your fatherland. Because of the importance with which I held you, my administration facilitated direct flights to Nigeria from the US to Nigeria. We ensured no less than three airlines fly direct between Nigeria and the US including one from Houston to Lagos for the benefit of those of you from the West Coast. We also ensured that Enugu airport was upgraded to an international airport and I recall that a number of diaspora Nigerians from the US boarded the inaugural Ethiopian airlines flight that landed there in August of 2013. Again let me say that I appreciate the Nigerian community in the Bay Area. I would also want like to thank Mayor Wade Harper and the council members of the city of Antioch for choosing to honor me for my efforts in promoting democracy. I am indeed humbled by their thoughtfulness in recognizing our modest efforts. I also wish to express my gratitude to the city of Lathrop and its mayor and council for also deeming it fit to recognize our efforts. I wish I could be there in person, however, I have asked Reno Omokri to represent and I am with you in spirit. Thank you and may God bless Nigeria, may God bless California, may He bless the cities of Antioch and Lathrop and my God bless you. Goodluck Ebele Jonathan President, Federal Republic of Nigeria 2010-2015 http://www.premiumtimesng.com/news/more-news/202325-ex-president-jonathan-honoured-two-californian-cities.html |
![]() Another white elephant project by Oshiomole, come to Benin and see lot of abandoned projects every where, I wonder who Oshiomole expects to come and complete those projects, after billions of Naira meant for those projects have been looted . |
[size=15pt]Amaechi and Dakuku , the blood of the deceased ones will never let u guys and your APC cronies know peace. You guys sent soldiers with orders from above in Abuja to ransack several communities in Rivers state in desperate attempt by APC to rig last month Rivers Re-run. [/size] |
![]() APC and blunders Safe our soul from APC Negative Change ![]() |
![]() Mad kids everywhere |
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Motherfucker2:[size=15pt] ![]() E pain am again, to the extent he drag Dangote name Enter the discussion. werey, Oloriburuku somebody, Wetin concern Dangote with the knacking and beating Wizkid give ur mama ![]() abi Dangote follow Wizkid ur idol knack ur mama #saynotoviolenceagainstwomen[/size]
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Acidosis: ![]() Nice one again |
homesteady: ![]() just passing by, Nice response to that idiot, |
Acidosis: ![]() Nice one bro that idiot is a wizkid ass licker Wizkid dey knack the guy mama Apako, wizkid still dey beat the guy mama join am |
Motherfucker2:[size=15pt] ![]() E pain am well well he don run, come let me gist how it went down between ur mama n wizkid U are bomboclaat and a talented janja-weed monkey ![]() [/size]
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Acidosis: ![]() Nice response u gave to that idiot, |
Motherfucker2:[size=15pt] ![]() No, but he bleeped n sodomize ur mama n ur mama gave Wizkid head Coward like u[/size] |
[size=18pt]Wizkid is a coward who beats up and threatens women #SayNoToViolenceAgainstWomen [/size]
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TANTUMERGO007: ![]() Don 't mind the zombie |
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@OP