₦airaland Forum

backnbeta:
The"whatever reason" why they are empowering Niger is not farfetched- it's a case of tribe and Country of Origin over 'Country of Residence'

Nigeria for the past 21 years has been importing petrol largely from the Netherlands and from Belgium, shipping billions upon billions of dollars every year to white countries, but we dont seem to have any problem with that. But now the govt chose to also buy a little fraction from a fellow black African country and all hell is let loose... Just imagine the sheer number of people opposed to this on this thread, not to talk of the countless herd on facebook.

@backnbeta
You call it "empowering Niger"? You dont have a problem that we're empowering Spain, Belgium, the Netherlands, but you hate the idea of patronising Niger?

We blacks still have a very bleeped up slave mentality still creeping through our heads but we dont know it; this self hate mentality explains why Africa will continue to be a shithole continent.

chinchum:
Good questions that should force critical reasoning.

If we are already importing refined oil from outside Nigeria, then what could be the hullabaloo about importing from Niger?

I think the complain should be why we are importing refined oil , it is not the stupid pride or hate filled statements i see flying around.

Niger refines 20,000 barrels of oil and only needs 5,000 barrels. Nigeria needs about 400,000 barrels per day.

You just spoke my mind 100%.... The people lamenting dont seem to have a problem with Nigeria importing refined products, rather their problem is why it has to be from Niger... If Nigeria can import petrol from South America or Europe or Asia with the more expensive logistic costs, why cant we import from Niger if they have the products we need? You said it all, it's stupid pride!

Angelfrost:
So, whose fault is it that between 2015 and 2019 no meaningful effort was made to revive an ailing economy, or at the very least further amplify an already upward economy left by GEJ??!

Whose fault that no effort was made to, at the very least, half the bloated and unreasonable cost of governance in the face of a declining oil revenue??!

Any time one opens and breezes through threads like this, the level of misinformation which people revel in just chases one away.

Between 2015 and 2019, the recession was caused by the sudden drop in oil prices and oil revenue; over 90% of Nigeria's revenue comes from oil. To correct that misinformation you've been fed with, Nigeria's economy was not upward by the time Goodluck left; the drop in oil prices started from late 2014, as at May 2015 when GEJ left, despite the fact that oil was even still at $65, Nigeria's upward economy as you put it had nosedived; the GDP growth rate which was sailing between 6-7% (which placed Nigeria in the league of fastest growing economies) had crashed to 2.3% by the time GEJ handed over. Despite the fact that over $10bn in the foreign reserves was drawn to defend the Naira at the time, the Naira dropped in value from N160 to N230 by the time GEJ left. Of course with nothing left in reserves to defend the Naira with, and with the oil price drop worsening to $28 in the coming months, only economic ignoramuses or just political analysts believe Nigeria went into recession in 2016 exclusively because of a change of president.

Similarly in 2020, with the pandemic and with almost all economies of the world dropping into recession and with the demand for oil dropping proportionately, only ignoramuses again believe the recession of 2020 in Nigeria should have only a political explanation.

Has the leadership of the country handled anything well since 2015? the answer is obviously NO, but it would be useful if Nigerians stopped ignorantly ascribing everything to politics.

I find it utterly bizarre that there are actually humans doubting if anyone was shot or killed at Lekki.

odiks:
https://www.channelstv.com/2020/11/17/my-only-sin-in-pdp-is-that-i-refused-to-castigate-buhari-umahi/

Politicians always use similar decietful lines, but then, all is acceptable in politics. The last time I checked, Ikpeazu, Obiano, Ugwuanyi, Okowa, Dickson/Diri, Udom, Ayade have never castigated Buhari, and I dont think anyone's making their lives miserable for it.

NaijaMutant:
When the price of crude oil was as high as $100 per barrel the price of fuel was not up to #100 per litre.

Why am I even condescending to respond to you, seeing you're of the same zombified clique

Huh? Did you just say 'condescending' and then proceed to insult me simply because I explained the link between pump price, crude price and the covid vaccine?

You actually think you sound smart when you insult people? Remember, a zombie with a functional brain and basic intelligence is 1000 times better than a person who brags about being sensible but actually has brain power of a toddler...

When price of a barrel of crude was $100, Nigeria was subsidizing, that's why you bought fuel for less than N100. You claim to be intelligent but you're ignorant of this basic info and yet you think someone else is more worthy of the title 'ZOMBIE' than yourself?

All sort of mannerless nonsense we meet online!

NaijaMutant:
I'm convinced that there is no sensible person in Buhari's government

GMBuhari:
Me too


I mean how stupid can people get ? minister of petroleum resources cant offer petroleum related explanation, just goes straight to accuse Covid vaccine

NaijaMutant:
When you thought you've seen it all

I won't be surprised if this is Lai Mohammed

edoairways:
What kind of correlation between vaccine and PMS? . I just hope it is fake news

Sylva's statement isnt really stupid; the person who probably should be blamed is the journalist who just reported a blank title with zero content.

Since the announcement of a promising vaccine for covid, some stock prices have been recovering, including the price of crude; that's the link.

tundess:
Source for assertion ?
And I noticed you gave an excuse as drop in oil revenue. I thought OBJ had debunked this notion that Nigeria can only function with high oil prices.
Also, is it wise to continue borrowing with depressed oil prices ? How much has been spent on all the agricultural initiatives started by this regime ? Where are the record customs and FIRS revenues this govt has touted ? Indeed, where is the 00's of billions recovered by Magu ?
These are substantial sums added together.
Are you not concerned by the incessant borrowing ? And the lack of accountability ? Or was this your expectation of this govt's change agenda ? With this govt's penchant for being economical with the truth would believe this govt's figures re the economy ?

Firstly, OBJ did not debunk anything; there's something called the 'Time Value of Money', N1000 in 1999 isn't the same thing as N1000 in 2020. A family man that could survive on a salary of N10,000 in 1999 would die of starvation with a salary of N20,000 in 2020 - this is basic economics so I wonder why people still throw up this "oil price was low in 1999" argument.

If the country could function at oil price of $7 in 1999 when only 0.0001% of the population needed forex, that does not mean the country can function efficiently in 2020 at oil price of $30 when even the aboki at my gate needs forex to buy his handkerchief. Go and check statistics, Nigeria's forex demand in 2020 is between 10-20 times more than it was in 1999. In 1999, we had a much lower fuel demand and comsupption and we weren't importing 99% of our petroleum products as is the case today. in 1999, how many Nigerians had cars, how many ordinary Nigerians went abroad for studies or for medical checkups or for holidays or for business? How many ordinary Nigerians were involved in import business compared to today? or should we mention the number of people involved n forex trading, crypto currencies etc? What was the minimum wage in 1999 and what was the size of the civil service compared to 2020? What was the size of Nigeria's recurrent expenditure in 1999 compared to 2020? All of these translate to a massive surge in the demand for forex and revenue in general over the last 21 years, yet you expect oil price of $7 to still float the economy efficiently as it did in 1999 because OBJ said so?

Also, is it wise to continue borrowing with depressed oil prices

Are you not concerned by the incessant borrowing ?

I didnt mention anywhere that it's wise to keep borrowing endlessly, you can kindly point out where I mentioned that in my earlier posts... I only clarified to someone who claimed Buhari has sold Nigeria to China that 90% of our current debt to China was borrowed by Buhari's predecessor, even at a time when oil revenues were significantly more than it is today. I wonder why this fact always incites and irritates some people; how can truth be so painful?

But then again, talking about the propriety of borrowing, in a recession caused by a sudden/massive drop in revenue such as was experienced since 2015, the only way to keep the economy afloat is to borrow (that's economics 101). The real question we should be asking is why Nigeria was borrowing before 2015, incurring a debt of up to $63bn (by June 2015) even with the reasonably higher oil prices and revenue at the time. It's a no-brainer that a country with the kind of revenue shortfall experienced since 2015 would have to borrow to stay afloat. My personal problem is the economic viability of the so called projects the borrowed funds are being used for.

CID11:
Fat lies, keep on deceiving yourself. Buhari got a booming economy. Things were moving fine for people

The person I quoted inferred that Buhari has borrowed alot from China and would soon sell Nigeria to China. I simply corrected that misleading notion by pointing out that ~90% of Nigeria's current debt to China was incurred by Buhari's immediate predecessor; this is one fact I'm sure 99% of folks commenting online are ignorant of. You proved me right by starting your response with "fat lies", I had expected a smart person to ask me to substantiate my claim with verifiable data, but instead you proceeded to a totally off topic rant on the economy booming or not booming.

Of course one wouldn't expect you to understand the effect of a 70% drop in oil revenue for an oil dependent nation; the only part you understand is that power changed from A to B and then the economy stopped booming, so therefore it must be a political issue.

Nukilia:
Don't mind the deluded guy

Too many educated but ignorant fellows across Nigeria.. A smart person would have stayed on the topic and asked for evidence of my claims. But you just exposed your mental power here.

leisuretym:
Buhari the prodigal son, the great debtor, very soon Buhari will sign agreement with China that all Nigerian will serve Chinese government for 2 years in their lifetime ..lol

90% of the debt Nigeria currently owes CHina was borrowed by GEJ. I'm guessing you and 99% of the people on this thread do not know this. SO next tme when you want to politicise Nigeria's debt crisis, it would pay you to arm yourself with data.

vanbonattel:
Transferring the economy of the country to I need man because of where he came from.

Tinapa could have created more jobs but the idea was killed because it is near Igboland.

Lol.. This has to be the dumbest thibg I've read in a long time. Hopefully it's a joke.

Katlyst:
No more fuel subsidy.
Why are Nigerians complaining?
Expect further increase in PMS price
if crude oil price rises further above $43.
Not sure anything will change with DG Refinery.

Bizarre thing about this thread is, several folks here claim they supported and still support subsidy removal, but somehow they think its Buhari's fault that petrol prices are now going up. Cant really tell if its illiteracy or ignorance or just sentiments.

PhiliptheArab:
Nigerians don't want subsidy to go....what they want is the corruption around the subsidy to go...said corruption being fuelled by the anti-profit nature of a subsidy...

Also, Nigerians like price controls, so long as it means more money in their pocket. If government started subsidisng the busineses of many nigerians....they would see how destructive subsidy is

Whenever I see threads like this with a wailing mob of people all over, I just yawn and go back to sleep.

The fact is simple, Nigeria cannot afford to pay subsidies any more, and with subsidies gone, pump prices would keep increasing whenever there's an increase in crude prices, or a drop in value of the Naira. People can keep shouting GEJ all they want.

The govt is inept, the govt is useless, the govt has made too many stupid decisions lately but on this stoppage of subsidy issue, its absolutely the right decision... We need to learn to live with it.

Funny thing about several folks cursing here is that they claim they supported subsidy removal under GEJ, but somehow think it's a bad thing under PMB because pump prices hae hit N170.

Nigerians are a confused bunch. One moment people are shouting for subsidy to be removed, the next second you're complaining of increase in pump price and cursing govt.

What's his crime?

omenka:
Someone who sponsors others to disrupt a democratically elected government, resulting in the unfortunate deaths of citizens and law enforcement officers and the burning/looting of government properties and private businesses is AN ENEMY OF STATE.

Omenka are you basically saying here that ENDSARS protesters were trying to disrupt a democratically elected government and were responsible for the burning and looting that took place? Your stance on this matter is strange...

I really get disgusted at this type of stupid reasoning... In essence, people cant complain about bad leadership without being sponsored by someone?

Just the same way some crackheads claim the millions of Nigerians who protested pump price hike in 2012 were sponsored by APC, now these imbeciles are claiming people who protested against police brutality are sponsored by PDP? When will this broad daylight foolishness end?

Even if the fellows mentioned are Atiku buddies, so what? Arent they Nigerians?

360degreess:
.. You are wrong. They are trying to follow their scriptures. Alcohol is also prohibited in your scripture, it's just that you are too ignorant to know. See : proverb 20:1, 1corintians 5:11, 1corintians 6:10, ephesians 5:18 etc..
You prefer to follow(worship) your pastors, Bishops, Rev., etc.. The Christians only follow Jesus by lips not by deeds. No wonder the Qur'an described the Christians as ignorants when it comes to "spiritual" matters.

Why must you force your religious practices on those who aren't of your religion?

Fibonacci88:
What does this mumu know about world politics. H think this is twerking and showing boobs on Instagram?

What does the mumu that's cursing her know aboout world politics?

What kind of bizarre thread is this? Nigerians insulting themselves of American election? Oh I forgot thousands of Nigerians who wouldnt even join the endsars protest actually printed tshirts and organised street rallies for Trump in Onitsha. Would be surprised if some begin to organise thanksgiving services while some others organise anti Biden protests.

This is what you get when a nation is ruled by old clueless idiots. Africa who do una this thing?

OfficialAwol:
You know people sometimes wonder why Igbos hate Tinubu... But it is because of things like this.

You see what our Southern and Middle Belt brothers are trying to do now, expect somebody like Tinubu to slavishly align with the North, against the whole South and MB, because of power.

People like him are part of the reason unity between the South won't be possible. In fact, we wouldn't be where we are if not for Tinubu's unholy alliance with Buhari and his fellow terrorists.

If the entire South and MB can hold their fort, forget am. The core North will bend.

Fahdiga:
Now everyone can see the reason why I've been speaking out against Tinubu and his way of doing things. some people mistook it as unnecessary hatred. Tinubu is so self serving that he can sacrifice his family just to gain power. he is the mole we have in the south

Dont get it twisted, this isnt the reason Tinubu is hated. You guys probably hate him for other reasons but have just hung on to this reason since it sounds most 'appropriate' publicly.

Tinubu is just one man and he's a politician just like every other Nigerian politician who's fighting for his personal interests. Whatever romance tinubu has with the north is purely politics and every politician from the east, south, north and west is guilty of the same thing. So why exactly is Tinubu singled out and hated? Is he the one responsible for the disunity in the south? Do you guys equally hate the southern and eastern politicians who were romancing Atiku (another fulani powerhouse) just so recently?

SpecialAdviser:
The statement of Ohaneze that APC is not t sincere about restructuring stands out in all.

Truth is that APC government held by Northern Oligarchy cannot and will never be sincere about restructuring.

Don't even trust El Rufai an inch from his statements. They surely know what they are doing. If they are sincere they would have done something long ago. And for those still asking the nature restructuring would take, UK system is already available for us to take. Are they not our colonial masters? Why can't we copy their system for good?

Even the PDP government that ruled for 16 years didnt do a thing about restructuring besides lip service / empty talks. Truth is that nobody in Aso Rock enjoying the absolute powers Nigerian presidents enjoy will want to ever water down his powers.

emirex50:
E be like say Buratai done use one hand beat your village people before o .

But seriously, never underrate any man's ability until proven otherwise.

Like I've always said, there are 2 categories of soldiers in Nigeria;
1. The potbellied slobby looking ones who probably joined the military just out of hunger/employment, and
2. The agile ones who even in old age, still have that fierceness and ginger.

Judging from just the looks, one can almost easily tell the category Buratai belongs. I wouldnt want to take that risk with a Buratai.

Sarmiz24:
Keep capping naxo dem take beat one Mumu soldier for na hood

Go try Buratai na... You think every soldier is the same thing?

seanwilliam:
are you sure of the bolded??

There're 2 types of military men in Nigeria. The lousy pot bellied ones, and the agile fit ones. Take a very good look at Buratai and tell the the category you think he belongs.

This one na foolish death wish! Another gibberish just to stay relevant on social media.

With one hand and leg chained, Buratai would effortlessly beat Reno to death!

descarado:
I hope all the past presidents, heads of state, governors and politicians performed outstandingly well.
At least thats whu nigeria has been moving forward since independence.
I no dey for long grammar

Not sure what your concern is, but I didnt say or infer the bolded (just in case that's what's bothering you).

descarado:
Do stop. Are u guys not tired yet?

Tired of what exactly?... The truth?

Someone mentioned that NOI was being accused of being clueless, but that's a senseless and pointless accusation.... I'll repeat for emphasis, NOI and the other appointees were not the cluesless ones, Jonathan was.

NOI is a world class economic bulldog; that explains why she was able to achieve all she achieved for Nigeria under OBJ (despite lower oil prices and other extenuating circumstances). But unfortunately, when the same NOI served under GEJ, despite much higher oil prices and national income, the debts Nigeria cleared under OBJ jumped to over $60bn with virtually no savings, no visible infrastructural projects, etc... When oil still even sold for $65, things got tight and NOI had to borrow to pay salaries in early 2015. To any discerning person, NOI was obviously not the problem.

bolaayenimo:
All Jonathan's people who they described as clueless are doing big on the world stage

Point of correction, Jonathan's people were not the clueless ones, Jonathan himself was, and his cluelessness rubbed off on the performance of his appointees.

NOI is a world class economic bulldog; that explains why she was able to achieve all she achieved for Nigeria under OBJ (despite lower oil prices and other extenuating circumstances). But unfortunately, when the same NOI served under GEJ, despite much higher oil prices and national income, the debts Nigeria cleared under OBJ jumped to over $60bn with virtually no savings, borrowing to pay salaries as at 2015 etc....

For emphasis, NOI and the other appointees were not the cluesless ones.

TecM0:
Amnesty program

Fuel price reduction

Stable economy with little or no borrowing

All this in less than 3 years in which over a year was spent being sick

.

youngpresidooo:
reduce fuel price
brought in Niger delta Amnesty.
did a lot.
so far he is the best we ever had

Reduced fuel price?
OBJ increased fuel price from N65 to N75 a week before handing over to Yaradua. Yaradua assumed office and reversed the price back to N65 a week later. Is that really what we want to call an achievement to earn him title of best president?

Amnesty
FG bribed militant leaders and their boys with billions to ensure oil kept flowing. While that's acknowledged as a good move to stabilise the economy, is that really what makes him the best president? You know how many people and groups OBJ had to equally bribe (behind the scenes) to keep things stable?

Stable economy with no borrowing?
Of course things were stable because he did absolutely nothing for 3 years and oil prices were reasonably high throughout his time. Yaradua enjoyed even higher oil prices than GEJ (oil hit the highest ever price of $147 in July 2008). All Yaradua did was just maintain the status-quo he inherited from OBJ; he started zero projects and didnt initiate or complete any major reforms, he kept planning and planning and planning that he was even termed 'Baba Go-Slow'.

Regarding borrowing, I have no details of the specifics, but you're mistaken if you think we didnt borrow under Yaradua. OBJ cleared most of Nigeria's debt but in 2010 when GEJ came on board, Nigeria had already accumulated total debt clocking over $30billion with zero notable projects to show for it.

TecM0:
None but my personal favourite was Yar'Adua followed by Obasanjo especially his second term... But he is far from being called a " best President"

What exactly did YAradua achieve as president to earn him this honour? I dont remember Yaradua ever doing anything at all till he passed away, what exactly is the yardstick for measuring YAradua's performance?