MXrep's Posts
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Its not about shouting "Acomodating" up and down |
Who takes afonja seriously?? Tell that Kaduna Nzeogwu, Col Achuzia, and Pat Utomi |
Lol, estimate the resolve of the Biafrans at your own peril. |
Olalekanbanky1:Rochas me, I Fayose you, God no go vex |
Cultures differ sha, but in Igboland, you can not ascend the throne if your father is alive |
yorubas should never try to stop licking the anus of the North because that is their only hope of sustaining their brief national relevance. Whether Tinubu or Osinbade, non of them can survive 2019, their only hope is to keep Buhari on life support till then |
Obiagu should be relocated to the outskirts |
"baby factory" is not a security threat, its informal adoption |
i expected FP, mod why |
InyinyaAgbaOku: The answer is NO WAY. Man is a political animal, no matter the amount of money you have and your good intentions towards development, the power in Abuja can frustrate you if you are not in their good books |
three days without anybody in aso rock? |
why the recent calls for breakup by afonjas?? is it a blackmail due to the impending death or incapacitation of Buhari and subsequent a.ss kicking of Osinbade?? Only time will expose their hypocrisies |
mascot87:Keep quiet, the goods are from the nearby shop not affected by the demolition |
Look at these sensless afonjas comparing this with their hate filled demolitions in Lagos?? hhaha, this happened after more than two years notice and no good were destroyed and only shops along the road marked for expansion were affected |
Kanu was initially ignored when he started, Buhari came and arrested him, they said nobody will leave his business and protest because of him, but what did we see, the whole cities emptied into the streets. They resorted to killings, they said the protesters are jobless miscreants, they said the upper class will never identify with the struggle, but what do we see now? Renowned economists, former governors and other leaders of thought now identify with the struggle, what is their next line now?? |
BolaAdeyemo:What if I refuse to accept that I am a black man, will you accept that I have created a different race for myself different from black? |
omonnakoda:People don't decide their ethnic group by themselves, neither does the government create ethnic groups, the best the government can create is states |
realhumanity:What you said is not peculiar to igbos alone, the country is in economic mess and there is no way igbos will be immune to it, i even think igbos are the least affected |
realhumanity:We will not wait on God. we better start hyping a prospective VP and wooing a marketable presidential material in the NOrth. Even at that, there is no assurance in anything, we just have to put in our best an move on with whatever result |
realhumanity:You seem to underestimate Abuja. If Abuja is not sympathetic to your cause, you are wasting time |
SITTING on the pavement outside the Lagos state government secretariat, Empero flicks through newspapers, looking for jobs. “We are smiling and we are dying,” says the 36-year-old, a town planner by trade. You sure say that Empero guy no be Sarrki or Omenka??There could hardly be a worse time for the 74-year-old former military dictator to be incapacitated. But much of the blame for Nigeria’s current economic troubles can be laid at his door. Unlike the zombies blaming GEJ or 16 years of PDP or ......................The IMF predicts Nigeria’s economy will expand by 0.8% this year. That would lag far behind population growth of around 2.6%. But the government will tout any recovery as a victory. “That’s the real danger, that they will take that as validation their policies are working,” says Nonso Obikili, an economist. A very sharp IPOB yoot reminding the zombies in advance before they celebrate an infinitesimal economic growth that is far below population growth |
The president has been ill for six weeks, but the country still needs governing From the print edition | Middle East and Africa Mar 4th 2017 | LAGOS SITTING on the pavement outside the Lagos state government secretariat, Empero flicks through newspapers, looking for jobs. “We are smiling and we are dying,” says the 36-year-old, a town planner by trade. Nigerians are known for their dramatic turn of phrase. But recent events may justify such rhetoric. The economy shrank by 1.5% in 2016. Inflation has more than doubled to 18.7% in 12 months. Meanwhile, the president, Muhammadu Buhari, has been out of the country since January 19th, receiving treatment for an undisclosed illness. There could hardly be a worse time for the 74-year-old former military dictator to be incapacitated. But much of the blame for Nigeria’s current economic troubles can be laid at his door. Mr Buhari was elected in March 2015 promising to defeat Boko Haram, the jihadist group terrorising the country’s north-east, and to tackle endemic corruption. He had on his side a wave of hope; he was the first Nigerian opposition leader to oust an incumbent peacefully at the ballot box, despite his authoritarian past. On national security he has made progress: Boko Haram, now splintered into two factions, no longer controls any big towns. But it is far from defeated, as the government has claimed repeatedly in the past couple of years. With many farmers still unable to return safely to their fields, hunger stalks the region: 450,000 children are severely malnourished. Elsewhere, clashes between Muslim Fulani herdsmen and largely Christian farmers in southern Kaduna, in Nigeria’s fractious Middle Belt, have killed at least 200 people since December. Oil production has not fully recovered after money-hungry militants attacked pipelines and rigs in the Niger Delta last year. When it comes to corruption, a number of bigwigs have been arrested and bags of seized money paraded before the media. Yet there have been no high-profile convictions yet. The state may be led by a former strongman, but it is still fundamentally weak. It is the troubled economy, though, that looms largest now in Africa’s most populous country. Mr Buhari was inaugurated soon after the collapse of global oil prices. But instead of accepting reality (exports and government revenues are dominated by the black stuff), he reverted to policies he implemented when last in power in the 1980s, namely propping up the currency. This has led to shortages of foreign exchange, squeezing imports. The central bank released the naira from its peg of 197-199 to the dollar in June 2016, but panicked when it plunged, pinning it again at around 305. Exchange controls are still draconian. Consequently, many foreign investors have left, rather than wait interminably to repatriate profits. “The country is almost uninvestable,” says one. Importers that can’t get hold of dollars have been crippled. “To take a bad situation and make it worse clearly takes a bit of trying,” says Manji Cheto, an analyst at Teneo Intelligence, part of an American consultancy. By February 20th the naira had sunk to 520 on the black market. It has since recovered by around 13% after the central bank released dollars and allowed posh Nigerians to buy them cheaply to pay for school fees abroad. The reprieve is likely to be temporary, though. Most analysts agree that the naira should float freely. Egypt, which devalued the pound in November in return for a $12bn IMF bail-out, is an oft-cited example. After falling sharply it found a floor before rebounding as the best performing currency in the world this year. However, Nigerian officials worry that the inevitable inflationary spike could lead to unrest, particularly if they are forced to raise subsidised petrol prices. It is also anathema to Mr Buhari, who is thought to blame an IMF-advised devaluation for the coup that ejected him from power in 1985. “They all know what needs to happen,” says a Western official of the nominally independent central bank’s leadership. “But somehow they don’t dare to [do it].” The IMF predicts Nigeria’s economy will expand by 0.8% this year. That would lag far behind population growth of around 2.6%. But the government will tout any recovery as a victory. “That’s the real danger, that they will take that as validation their policies are working,” says Nonso Obikili, an economist. Meanwhile, Nigeria continues to take out expensive domestic and foreign loans. While debt remains relatively low as a proportion of GDP, at around 15%, servicing it is eating up a third of government revenues. After a $1bn Eurobond issue was almost eight times oversubscribed last month, it plans to issue another $500m one this year. Officials have also said that they want to borrow at least $1bn from the World Bank. That remains contingent on reform. If Mr Buhari remains in London much longer, his absence could provide a window for Nigeria’s technocratic vice-president Yemi Osinbajo to push through a proper devaluation. Mr Osinbajo, currently in charge, has proved an energetic antidote to his ponderous boss, visiting the Delta for peace talks and announcing measures intended to boost Nigeria’s position in the World Bank’s Ease of Doing Business rankings, in which it currently ranks a lowly 169 out of 190. Mr Buhari called the governor of Kano during a prayer meeting on February 23rd to say he was feeling better, the first time Nigerians had heard from their president since he left the country. But the state of his health is still unclear (aides have said only that he needs more rest). Mr Osinbajo’s appointment as acting president has followed constitutional protocol. In 2010, by contrast, it took three months for Goodluck Jonathan, a southerner, to be cleared to rule while Umaru Musa Yar’Adua, the northern president, lay dying in Saudi Arabia. There are ghosts of that power struggle in rumours that Mr Buhari’s closest allies are manoeuvring to try to keep the presidency with a northerner should their boss die or be forced by ill health to step down. That could split the ruling All Progressives Congress into three or four factions, destabilising policy-making. Nigeria’s best chance of reform in the short run, then, is probably for the president to rest up in London a while longer. This article appeared in the Middle East and Africa section of the print edition under the headline "A nation holds its breath" http://www.economist.com/news/middle-east-and-africa/21717787-president-has-been-ill-six-weeks-country-still-needs |
blues2022:What happened to Geometric that would has solved power problems in Aba long ago?? Abuja can do and undo any region anytime with the present structure, we must work hard to be at peace with abuja before any of these can work. We should stop dreaming of economic power without political power. Igbo presidency for now is not feasible, the best bet is an igbo friendly presidency probably with igbo VP |
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