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Politics / Re: A Compendium Of Buhari' S Cluelessness: Femi Aribisala by NavierStokes(m): 4:19pm On Apr 02, 2016
Brutality, fatality, animality, seven hit combo.

Dr Aribisala has done very well to keep records of the presidents senseless gaffes over time. A whole lot were even omitted:
Policy somersaults, al jazee ra interview on forex for school fees, conversion of one meal a day programme to 1 nutritious nasco biscuit a day, silence on fulani herdsmen raving madness all over the country, use of DSS to invade government houses and legislative assemblies etc, subsidy stopped, subsidy reinstated, commisserating with Brussels when Benue was just nearby. Plus others too numerous to mention. Not cautioning his aides over their unguarded utterances.

Thing is Bubu is working very hard to erode every goodwill he enjoyed during the elections who knows at this rate, by 2019, the opposition may not need to campaign.

Meanwhile I thought there was no provision for subsidy in 2016 http://www.theheraldng.com/no-provision-2016-budget-oil-subsidy-payment/
meaning that our 6 trillion budget will eventually rise up to 7.5 trillion with anticipated oil price rise in Q4 2016, (and the subsidies are maintained), as well as other cost components that would warrant a supplementary budget, cc:TonyeBarcanista Baralatie Onatisi FireFire
"Osun" might be warming up for a repeat, this time, at the center.

162 Likes 18 Shares

Politics / Re: deleted by NavierStokes(m): 9:52am On Apr 02, 2016
Some body that doesn't even know his party or vice's name, nor INEC nor his host in Germany. You are on a long thing my brother.
Politics / Re: Recruitment Of 10,000 Police Personnel Will Address Youth Unemployment – Buhari by NavierStokes(m): 2:41pm On Apr 01, 2016
When they need policemen to stand in the sun or be deployed in the northeast they openly advertise for recruitment, when it's time for plum jobs at the CBN, DPR, FIRS etc they open the backdoors and Windows.
Politics / Re: Buhari’s Victory’ll Boost Allocation To Osun by NavierStokes(m): 1:35pm On Apr 01, 2016
Rather seems the reverse is now the case, and at this rate Osun will be sending allocations to the FG instead.
Investment / Re: Stock Market Shareholders Lose N1.15trn In Q1 by NavierStokes(m): 12:44pm On Apr 01, 2016
#INCOMPETENCEISWORSETHANCORRUPTION#

8 Likes 1 Share

Politics / Re: Photos: Mrs Dolapo Osinbajo Donates Relief Materials To Victims Of Agatu Crisis by NavierStokes(m): 2:56pm On Mar 31, 2016
What nonsense, a private jet was flown at the expense of taxpayers to donate these items that will not even be enough for a family of 5. These guys just love being in the news for no good reason.
Please who can zoom in to see details of the items? I can identify 5 bags of rice and 5 cartons of cowbell milk.
Investment / Re: Nigeria's Promise Turns To Peril As Investors Flee-Bloomberg by NavierStokes(m): 10:27am On Mar 31, 2016
yaki84:



my bros in real sense we hv 47+billions of dollars in the system yet bubu is clueless on what to do.
if he save n shore up the reserve to 200billion dollars n at the end 80million nigerians die of starvation n hunger, will it be a credit, achievement or minus to his integrity?

The government is always being economical with the truth at the detriment of the gullible masses. The same way they never came out clean on the true amount of subsidy, chosing to not reveal the 52% amount deducted by the NNPC, same way to convince the populace that there is no money they willfully chose not to include the 20billion USE owned by Nigerians in their reserves figures.
Politics / Re: Jonathan To Blame For Fuel Scarcity Says Lai Mohammed. by NavierStokes(m): 10:21am On Mar 31, 2016
Let's absolve Lai of this one cos it's old news dug up by the OP.


“I am being very serious. You remember that about two weeks ago, we had to go to the National Assembly for a supplementary budget of N674 billion. Of that figure, N522billion was for arrears of fuel subsidy which was incurred as far back as August last year”.
Investment / Re: Nigeria's Promise Turns To Peril As Investors Flee-Bloomberg by NavierStokes(m): 10:15am On Mar 31, 2016
yaki84:
I watched nta goodmorning nigeria n one of the panelist a former deputy director at cbn said the central bank just discovered more than 20billion dolls in domiciliary accounts, he suggested what d cbn shud is buy this dolls from d owner at the govt official price n inject these monies to the market. u can charge those who need it most n it shud be people from manufacturing sector. sectors that will ad values to the economy.
nigerians in d diaspora still send in dollars ton nigerians down here, I heard more than 2billion dolls is sent to nigerians by the diaspora, so why bar foreign investors from repatriating their funds to their parent countries when nigerians based in foreign countries do assess dolls n send it to nigeria.
cbn n its policies via buhari is killing he economy.

My brother in the light of this what do you think is the true forex reserve in our country, if they say Nigerians have 20billion USD in their accts. Then I ask, is the forex reserve 27 + 20billion USD. Or it's 27 - 20 billion USD.
Neglecting 21billionUSD remittances from Nigerians in the diaspora.

Lies everywhere.
Politics / Re: Power Generation Falls To 2,030MW by NavierStokes(m): 9:47am On Mar 31, 2016
SleekAboii:

They are using corruption fight with no conviction as a guise to deceive the gullible from their incompetence!

Incompetence has destroyed the economy that "corruption" had kept stable.
Look at capital flight everywhere. Just yesterday I read an article where it was stated that for every $1 brought into Nigeria $2 are taken out.

12 Likes 1 Share

Politics / Re: PHOTO: Minister Onyeama With Johnkerry At A Joint Press Briefing For The U.S by NavierStokes(m): 9:41am On Mar 31, 2016
This minister onyema appears more presidential than the president himself.

1 Like

Politics / Re: Buhari Talked Tough On Nigeria’s Problems. Now He Must Deliver–The Guardian UK by NavierStokes(m): 9:23am On Mar 31, 2016
Lalasticlala, obinoscopy, "Olajumoke" says that I should tell you that, Buhari must deliver!!!"
Mods please give this a wider read, thank you.
Politics / Re: Power Generation Falls To 2,030MW by NavierStokes(m): 9:19am On Mar 31, 2016
#INCOMPETENCEISWORSETHANCORRUPTION#

21 Likes 3 Shares

Business / Re: New Monetary Policy Pulls Out N744bn From Circulation by NavierStokes(m): 8:54am On Mar 31, 2016
hush15:


What do you call a situation where you pump in 350billion and the make a withdrawal of 744billion?

It's called State of Confusion...


Most Cluessless Government Eva

Even worse when you withdraw yet billion then give back 350billion.
These guys on a macro-scale are making 100% profit in our head.
Politics / Re: Buhari Talked Tough On Nigeria’s Problems. Now He Must Deliver–The Guardian UK by NavierStokes(m): 8:18am On Mar 31, 2016
edoyad:
The writer must be from PDP

Hehehe of course only PDP members are suffering.

1 Like

Business / Re: New Monetary Policy Pulls Out N744bn From Circulation by NavierStokes(m): 7:45am On Mar 31, 2016
A government at war with itself, CBN monetary Policy is mopping up liquidity, finance ministry's fiscal policy, stimulate the economy by implementing an expansionist budget and pumping in money into the system. These guys are at a tug of war with them selves pulling the economy apart at opposite ends. Now finance ministry is putting 350 billion into the economy and CBN is mopping up almost 1 trillion so what is the net result?

Nigerians better get on your knees to pray because the shit is getting "realer"

47 Likes 7 Shares

Politics / Buhari Talked Tough On Nigeria’s Problems. Now He Must Deliver–The Guardian UK by NavierStokes(m): 7:31am On Mar 31, 2016

Nigeria’s president was elected a year ago promising to tackle Boko Haram, corruption and a struggling economy. But real results have yet to materialise.

A year ago today Muhammadu Buhari was elected president of Nigeria, sparking street celebrations and jubilation from many of his countrymen. They saw in the tough-talking former general a leader capable of steering Africa’s most populous nation towards its much-vaunted potential.

Buhari, though a military dictator from 1983-85, enjoyed a reputation for integrity, incorruptibility and doggedness. So when he vowed to wage war on Nigeria’s mind-boggling corruption, many believed him. His military experience and no-nonsense demeanour lent credibility to his pledge to “crush” Boko Haram, the homegrown jihadi insurgent group that controlled significant chunks of Nigerian territory at the time of his election and was responsible for thousands of deaths.

Many Nigerians also believed Buhari would revive the country’s economy, which was reeling from the effects of a slump in the price of oil, Nigeria’s major export. A year later, does all the optimism surrounding Buhari’s victory seem justified?

Buhari can claim some success regarding Boko Haram. Nigeria’s military has been progressively pushing the jihadis from territories they once controlled, forcing them on the defensive. However, he has by no means “crushed” Boko Haram, which still maintains the capability to launch attacks on soft targets such as this month’s suicide bombing in a mosque, which killed 22 people. Women and children are still regularly being abducted by the group. The war against Boko Haram is therefore far from over, but Buhari deserves a B- for significantly weakening them in his time as commander-in-chief.

His anti-corruption efforts have led to the trial of Nigeria’s former national security adviser Sambo Dasuki, who denies having diverted over $2bn that was earmarked for fighting Boko Haram during the previous administration of Goodluck Jonathan. Several prominent figures have been linked to the case and face prosecution. Numerous investigations into other financial scandals have been opened. Buhari has also taken steps to clean house at the state-run oil firm, the Nigerian National Petroleum Corporation, a nest of corruption. Nigeria’s auditor general recently revealed that $16bn of oil revenue went missing in 2014 alone.

Buhari inherited an economy battered by weak oil prices, but his policies have made a bad situation worse
But for all the hoopla, Buhari’s anti-graft war has yet to yield any convictions. In fact, there is growing fear that with the help of clever lawyers, poorly prepared prosecution cases and potentially buyable judges, the culprits might ultimately go free or receive light prison sentences.

Additionally, critics accuse Buhari of being selective in fighting corruption, saying he targets politicians linked to the former government, while giving a pass to senior figures from his own party, the APC, which rarely has clean hands. This criticism is valid and underscores just how deep the rot is in Nigerian politics. Where practically everyone is, or has, been on the take, the prosecution of some and not others can always be viewed as a political witchhunt.

A recent scandal further diminished Buhari’s anti-graft credentials. The Nigerian president signed off a national budget loaded with dozens of questionable expenditures and some blatantly inflated figures. After a public outcry, Buhari admitted the incident was “embarrassing” and vowed to punish the officials who “padded” the budget, claiming ignorance of the controversial expenditures.

This suggests he is either not on top of things, or is willing to turn a blind eye to these problems in his own administration. Either way, it reflects poorly on his leadership.
The Nigerian president thus gets an overall C for his anti-corruption efforts so far.

Buhari’s economic record is also wanting. It is true he inherited an economy battered by weak oil prices, but his policies have made a bad situation worse. He has been overly statist and interventionist, reacting to downward pressures on Nigeria’s currency, the naira, by imposing draconian foreign currency controls. His government has also banned the importation of dozens of items, from frozen chicken to ballpoint pens. This was supposed to encourage domestic production but the result so far has been soaring food prices, companies laying off workers as they suffer shortages of raw materials, rising inflation and GDP growth slowing to 2.1%.

Growing unemployment is particularly dangerous in a country that is experiencing a population boom and is projected to have over 206 million people by 2020, with 63% of the population under the age of 24. Buhari’s dogged character – a selling point in his presidential campaign – is now proving an impediment regarding the economy as he stubbornly refuses to adjust his policies to reality. Nigeria’s president gets an F for his economic performance so far.

Buhari still remains popular with many Nigerians, but his approval rating has dropped from 77% last August to 57% this February, reflecting the growing economic frustration. I was one of those who celebrated Buhari’s election last year. I still believe he is a genuine patriot who has the best of intentions for Nigeria. But good intentions don’t guarantee good policy.

Unfortunately, it is all too easy for Nigerian presidents to get disconnected from reality as they are usually surrounded by[b] careerist sycophants[/b] who tell them their every idea is a stroke of pure genius. It seems increasingly clear that Buhari doesn’t have any clever answers to Nigeria’s current economic problems and it would thus be wise of him to seek advice from those who might have alternative solutions.

The wellbeing of Nigerians must be Buhari’s priority, not the satisfaction of his ideological instincts. He must be open-minded and act fast to kick-start the Nigerian economy. If not, the same crowds who celebrated his victory last year will cheer his loss at the next presidential elections in 2019 – me included.

Lalasticlala!!! Presido must deliver, APC must deliver, Change must be delivered.

http://www.theguardian.com/commentisfree/2016/mar/28/muhammadu-buhari-nigeria-problems-boko-haram-corruption

3 Likes

Politics / Re: APC Asks"when Last Did You Enjoy 24hr Power Supply In Your Area" by NavierStokes(m): 10:22am On Mar 30, 2016
obailala:
Lol... I didnt expect the new government to start perfectly well, APC is a party formed just 3 years ago and they still obviously haven't got themselves together especially now that they occupy the presidency. Unfortunately, it would take some time before they get their act together. Also, you will not agree with me but I've always had a strong believe that when you 'reduce' corruption (I didn't say 'eliminate' cos that's not possible), a lot of things could be achieved. With the present 'gra-gra' against corruption, you would agree with me that the present crop of leaders we have are now more wary of indiscriminately pocketing public funds. That is the first step at 'reducing' corruption. It's just too sad that the calamitous oil price is dancing reggae on top Buhari's destiny. I am quite confident the present admin would make some 'positive' impact and I pray oil prices return to a reasonable amount cos that would mean much greater impact than all other past administrations.

Good enough I find one supporter who doesn't see Mr President as a price maker but rather a price taker.
Anyways we wish Nigeria well at the end of the day only the government should understand that they are human and stop playing this larger-than- life figure they are portraying, by doing this the citizenry can know the truth and understand their capabilities.
Been nice having a chat with you this morning, have a great day and bye for now.
Politics / Re: APC Asks"when Last Did You Enjoy 24hr Power Supply In Your Area" by NavierStokes(m): 8:33am On Mar 30, 2016
obailala:
Bla bla bla... those are mere campaign bullshit talk which all politicians try to outdo themselves with during elections. Even after its continuous failire for 16 years, pdp still made similar fictitious promises. But the fact is that apc still has over 3 years to redeem itself.

"Chi bene commincia e meta dell opera" as they would say, to begin well is half-done. These guys have started abysmally and leaves nothing to be desired. Wait until they blame obailala before you understand they have virtually nothing to offer.
Politics / Re: APC Asks"when Last Did You Enjoy 24hr Power Supply In Your Area" by NavierStokes(m): 8:33am On Mar 30, 2016
obailala:
Bla bla bla... those are mere campaign bullshit talk which all politicians try to outdo themselves with during elections. Even after its continuous failire for 16 years, pdp still made similar fictitious promises. But the fact is that apc still has over 3 years to redeem itself.

"Chi bene commincia e meta dell opera" as they would say, to begin well is half-done. These guys have started abysmally and leaves nothing to be desired. Wait until they blame obailala before you understand they have virtually nothing to offer
Politics / Re: Buhari Won't Sign Budget Unless National Assembly Provides Details by NavierStokes(m): 8:27am On Mar 30, 2016
donbrowser:

You cant even use your sense ni? So you can sign a document without having full knowledge of what it entails?

You just indicted Buhari for padding the budget and signing same and presenting same and stealing same and re-presenting same to the NASS.

1 Like

Politics / Re: Photos From Agip Oil Pipeline Explosion That Killed 3 People In Bayelsa by NavierStokes(m): 8:23am On Mar 30, 2016
AGIP!!!!!!!!!
Why always you, several explosions within a 10 months period, na only una waka come?


Even at thaT I sight somebody walking barefoot. This AGIP of a company is a huge joke.

1 Like

Politics / Re: APC Asks"when Last Did You Enjoy 24hr Power Supply In Your Area" by NavierStokes(m): 8:15am On Mar 30, 2016
obailala:
After 16 years of pdp, Apc asked pdp this question. But pdp now wants to throw the question back only after 10 months of apc (even when apc still has more than 3 years to redeem itself)?

Pdp could not fix our rotten power sector in 16 years, but now they expect apc to miraculously fix the heap of poo they left behind in 10 months?

This is a pure case of buffoonery!


I recall a certain somebody "manifesting" or "roadmapping" 5000MW per year during the campaigns, meaning we should have been somewhere around 10000MW cumulative by this "one" year in office, I recall a certain somebody saying 6 months was enough for one to witness noticeable changes, the question in this case should be "what have they done since they got into power?" If the kitchen is too hot then somebody should...
Politics / Re: Buhari Won't Sign Budget Unless National Assembly Provides Details by NavierStokes(m): 8:01am On Mar 30, 2016
Don't worry all, the president needs to verify that his padded items are intact, or do you want the NASS to spoil his show and put their own choppings instead.

Incompetent man trying to form detail oriented on a budget he presented, stole and re-presented only to deny knowing the details on Aljazeera, today he is trying to continue on go-slow mode by coming up with excuses to stall the nonsense of a budget he prepared.

PS: We said it already with removal of the built-in items that budget would never have come close to 5 trillion.

39 Likes 5 Shares

Politics / Re: APC Asks"when Last Did You Enjoy 24hr Power Supply In Your Area" by NavierStokes(m): 7:01am On Mar 30, 2016
ifyan:


To be sincere l have experienced it.

In my imagination.

Hmmmmm true talk bro

Hehehe I think "imagination-land" seems like a good place for Femi Adesina to have suggested to Nigerians, rather than asking them to go fight with vandals.
Politics / Re: APC Asks"when Last Did You Enjoy 24hr Power Supply In Your Area" by NavierStokes(m): 6:29am On Mar 30, 2016
This issue of light has become advanced rocket science to the current administration. But Osibanjo and Fashola were "mouthed" sha.

1 Like 2 Shares

Politics / APC Asks"when Last Did You Enjoy 24hr Power Supply In Your Area" by NavierStokes(m): 11:42pm On Mar 29, 2016
This was from the campaigns grin

Politics / Re: US To Press Nigeria To Devalue Naira - Reuters by NavierStokes(m): 11:02pm On Mar 29, 2016
miqos02:


what happened to the last devaluation of the naira in december 2014? from 160 to 198

Those devaluations were timely and there was no noticeable inflation, indicative of a good economic team but today what do we have, a refusal to devalue officially, devaluation in the parallel market and massive double digit inflation in the system.
Politics / Re: President Buhari Leaves For US Tomorrow March 30th. by NavierStokes(m): 9:42pm On Mar 29, 2016
agbangam:
See all d wailers in da building una food don surface grin. His travelled increased d price of crude, so we need more of it besides baba can rule from anywhere. As for light issue tell ur pple in SS to stop bombing pipelines.
Wailers. Wailing

Why are we so myopic, do you read newsletters from around the world?
Which newsletter or journal or news channel or anyone or thing else for that matter has reported that the visit of the Nigerian president increases the price of oil?
If it was that easy then tell him to increase it to 60 or even 43 dollars a barrel.
Oil price is a result of a complex interplay of market forces, sentiments and geopolitics etc and not of state visits or grandiose intents(in the case of the current downturn).
Politics / Re: List Of Countries By Electricity Production, See Nigeria As At 2011. by NavierStokes(m): 9:34pm On Mar 29, 2016
armadeo:



my brother i fear before oh.


now i understand. thanks.
You are welcome mate.
Politics / Re: US To Press Nigeria To Devalue Naira - Reuters by NavierStokes(m): 7:38pm On Mar 29, 2016
dunkem21:



Saw this late. Sorry.

No worries mate, had come upon the Aksonman's quote and needed a wider read.

1 Like

Politics / Re: List Of Countries By Electricity Production, See Nigeria As At 2011. by NavierStokes(m): 7:30pm On Mar 29, 2016
armadeo:
so naija get light pass more than 100 countries. those ones don die be that.

Check the populations of those countries.

3 Likes

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