₦airaland Forum

semid4lyfe:
Hehehehe. . . .that one nor be part of the moderators' job description but dem go do am if you go drop "kishi''

pslm23:
Years and years ago, I once dated a guy that was struggling to make ends meet while I had a stable well paying job. I ended up supporting his black as-s financially, mentally, physically and all. He promised to marry me and declared undying love for me. I even went as far as giving this buffoon all the deutschmark (this was before Euro was adopted) my sister would send me every month only for him to turn around and marry another girl based in London right under my nose. Apparently, he and this chick had been boyfriend and girlfriend before she got admission to a school in London. She left and i entered the picture unknowingly. I always wondered how he was able to pay for his flat in a GRA section of Kano when he was jobless only to find out that the flat belonged to his wife and she let him stay there while she was gone. there was absolutley no indication that a woman lived in that flat when i first visited this devil's flat. He was such a scheming, conniving SOB. Once his estranged sister told me that he got married in a registry in Ikoyi, I saw red.   He told me he was travelling to Lagos for several potential job interviews with a few media houses and he might be gone for a month. I gave him all my pay check and more deutschmark so he will be comfortable. Shey this bas - tard used my money to honeymoon with his wife,  Oloshi!  

@ poster, the moral of this story is this: STOP GIVING YOUR BOYFRIEND ANY MONEY. Don't let him become too reliant on u doing stuff for him, he will take it for granted,  he has already started showing u his true colors by reluctantly giving u back the money u loaned him. That's how it begins. It's one thing for u to cook and share with him but stop with the money giving. You are not Bank of England!

Vigilante:
PDP has 14 and DPP has 11 L.G.A. Delta has 25 L.G.A and 2/3 is 16. No clear winner yet.

Vigilante:
Na lie. There should be a run-off since PDP does not have up 2/3 L.G.A

Ymodulus:
Hmmmmm these witches must be YORUBAS

The National Co-ordinator, Witches and Wizards Association of Nigeria (WITZAN), [size=13pt]Dr Okhue Iboi[/size],

Kobojunkie:
Wait a minute . . .  Atiku is a Northerner. Do Northerner's believe in the existence of Iya yin Osoronga[/b]s?

[size=13pt][b]ROFLMAO!![/size]

likeme:
So please be patient with him, you are not doing too much sometimes friends are God's way of helping us. In this case that is what you are doing. A good man will remember this act for good. even if he messed up Posterity will have a way of paying u back better.

It can be hurting especially but u will laff last.

[size=14pt]Atiku is only shedding tears - FG ‘External reserves now $33.2bn’[/size]

THE Federal Government has responded to claims by Peoples Democratic Party (PDP) presidential aspirant, Alhaji Atiku Abubakar, in a letter to President Goodluck Jonathan dated January 2, 2011, where the former vice-president accused the present administration of dangerously mismanaging the nation’s economy.

The Minister of Finance, Dr Olusegun Aganga, who briefed State House correspondents in Abuja, on Wednesday, said that Abubakar was “shedding tears” which did not usually “translate into a credible alternative for the future of our economy.”

He also revealed that the nation’s foreign reserves now stood at $33.2 billion and capable of providing eight months of import cover for goods and services compared to the international standards that prescribe three months of import cover.

Aganga stated that the letter by the former vice- president was a “desperate attempt to mislead the electorate and the Nigerian public through the deliberate misrepresentation of the facts and inclusion of inaccuracies with a view to making political gain ahead of the elections.”

He said: “This administration recognises that as a country, we need a continuous policy effort to live within our means; that is why the 2011 budget is focused on fiscal consolidation aimed at reducing the budget deficit.

“At the same time, this budget is also geared towards delivering inclusive economic growth with accelerated employment generation. Unlike previous budgets, the challenges that we face demand that this budget should represent a real break from the past by identifying the real issues and taking direct, credible actions to deal with them,” he said.

The minister denied the statement by Abubakar that international agencies had passed a vote of no confidence in the governance and management of the Nigerian economy, saying “this is a distortion of the facts.”

He added: “The international rating agency that was cited, Fitch Ratings, actually affirmed and maintained Nigeria’s credit rating. The same report by Fitch noted that Nigeria’s unchanged credit rating is backed by a robust non-oil sector growth, low public and external debt ratios, a strong net external creditor position, the recovery in oil production as a result of the Niger Delta amnesty in 2009 and actually commended the acceleration of structural reform momentum under President Goodluck Jonathan.”

Contrary to Abubakar’s claim, Aganga remarked that the ratings outlook was what was revised downwards by Fitch and not the actual ratings and this was primarily because of “what is seen as increased political risk ahead of the upcoming 2011 elections and the impact on economic policy.”

Aganga noted that, “we expect that with the execution of planned reforms and the successful conclusion of the elections, the outlook from Fitch will normalise,” he said.

The minister further observed that “the other major rating agency, Standard & Poor’s, also kept Nigeria’s credit rating unchanged, with a stable outlook, during its recent review.

“Again, the agency cited Nigeria’s strong fiscal debt position, comfortable external liquidity and the expectation of improved budgetary performance as the rationale for this positive outcome,” he stated.

The government then reminded Abubakar that Nigeria was identified as one of the countries with the highest investment potential by some of the most influential figures in emerging finance markets, who spoke at the Reuters Emerging Markets Summit in Sao Paulo, Brazil, in July 2010.

According to him, “many leading global investment banks continue to publish research backing investment in Nigeria; Goldman Sachs, the leading financial institution, says that those who do not invest in Nigeria now will regret that decision. These statements directly contradict the “vote of no confidence” that the author of the letter and his advisers would like Nigerians to believe.

“Regrettably, the writer and his advisers also deliberately quoted a former Minister of Finance and a Managing Director at the World Bank, Ngozi Okonjo-Iweala, out of context.

“I can confirm that the statement attributed to the former Minister of Finance is incorrect and that the World Bank itself, her employer, has been supportive and has always complimented Nigeria for the economic growth and recovery it has made,” the minister added.

On the presidential hopeful’s criticism of the 2011 budget, Aganga noted that the proposal signalled the beginning of fiscal consolidation and stronger discipline in the management of Nigeria’s public finances, following necessary fiscal stimulus of recent years in the wake of global economic crisis.

“We have continually highlighted the need to restructure our spending so that it does not result in the crowding out of the critical capital investments needed to achieve our development goals. The aim of fiscal consolidation and the 2011 Budget Proposal is to cut the deficit and prevent debt accumulation,” he observed.

Arguing that Abubakar’s letter “deliberately manufactures fictitious numbers to score political points,” Aganga pointed out that the total projected fiscal deficit was cut from 6.06 per cent of GDP in 2010 to 3.62 per cent in the 2011 budget proposal,” saying this was the first meaningful attempt to start to bring the deficit within the limits prescribed by Nigeria’s fiscal rules under the Fiscal Responsibility Act.

Giving further positive indices on the economy, he stated: “Despite absorbing the full impact of the salary increase by 53 per cent in July 2010, we have reduced Non-debt Recurrent Expenditure by 7.02 per cent to N2.48 trillion. Non-debt Recurrent Expenditure includes overheads which we have reduced by 29 per cent from N536 billion to N382 billion, with cuts that affect both the Executive and Legislature;

“Aggregate expenditure has been reduced by 18 per cent, from N5.16 trillion in 2010 to N4.2 trillion in the 2011 Budget Proposal;

“Borrowing in 2011 is projected at N865 billion (a reduction of 38 per cent from the N1.3 trillion in 2010) and not N1.4 trillion.
This level of borrowing is 20.4 per cent of the Proposed Budget, and not the 33 per cent that is presented in the letter;
“The level of capital expenditure in the proposed budget is N1 trillion which is a 43 per cent reduction compared to the 2010 appropriation. However this N1 trillion is higher than the highest amount that has ever been implemented in a 12 or 15-month implementation period. The N919.5 billion utilised in the 15 months comprising the 2009 fiscal year represents the largest amount of capital expenditure expended by our MDAs in any fiscal year.”

He said, “when considered in the light of this administration’s new approach to funding infrastructure, we believe that our proposal is practical and realistic.

“As a government, we recognise that reducing Nigeria’s infrastructure deficit requires more capital and greater implementation capacity than we can afford or provide. We have had to think and act creatively.

“Therefore, our policy focus is on creating the enabling environment to encourage private sector investment in the provision of critical infrastructure services. We are taking bold and decisive actions to address and resolve the infrastructure deficit within the next three years,” the minister said.

http://tribune.com.ng/index.php/news/15774-state-of-economy-atiku-is-only-shedding-tears-fg-external-reserves-now-332bn

iphy42:
How are u sure he'll marry u. Why spend on a man you're not married to. Tomorrow u'll come back wit tears seeking help.

jennykadry:
8.5 years, no signs of getting married soon, and you are still in that relationship? Do you really think you can buy their approval with gifts,food,e.t.c?

The truth is this , they want a nigerian,he himself probably wants a nigerian. What on earth are you doing in that relationship?

They dont want you, move on

Onlytruth:
Bia marcdunu, so you are mikeansy? Chei!  

mikeansy:
BTW Can I just duff my heart for Bianca Ojukwu.

She deployed all the skills of tact and diplomacy you will expect from a Beauty Queen in that speech.

jason123:
Would the other groups not have a different ideology? would they not scream marginalisation if that popular cabal always gets it their own way?

Beaf:
There will only ever be say 1 Isoko Senator. That number will never ever change. There will also be 1 hausa, 1 Igbo, 1 Igbira, 1 Koma etc.
Say we have 250 ethnic groups, that will be 250 senators. How loud will the Isoko voice or the Hausa voice or any other ethnic voice be in such a setting?

That solution would effectively remove politics that is driven by ethnic bigotry from the national scene. If the Isoko Senator decides to live, eat and drink Isoko, his Isoko voice will be completely dilluted by 249 other voices and he will soon learn to live, eat and drink 100% Nigerian interests instead.

NB. This is the beaf's debate i know and love  

mikeansy:
Ahmadu Bello's North may be dead but some are at risk of re-inventing Ahmadu Bello's North with their ridiculous rhethoric.

A North where everybody has a view and the Birom man is as free as the Hausa man to express their view is a match towards freedom that must be never be reversed. This new found freedom is something both the Hausas and the Northern minorities should all be proud of, it does not call for any triumphalism from the South. Rather we need to nuture this progress through sensible efforts and not by slagging them as if they are a conquered people.

Katsumoto:
Jubril Aminu once said that if Nigeria disintegrates, the North would have access to the ocean.  

Beaf:
Yes, I did and there is no contadiction. If there is an equal number of Senators per ethnic group, it totally negates ethnicity as a factor at that level of govt.