₦airaland Forum

Aufbauh:
Why wasting your precious time on the person who has not even scale his party primaries yet?
Let's see whether he's even acceptable among the PDP faithful talk more of the larger Nigeria.

One thing I'm sure of even if I'm asleep is that Saraki can't be Nigeria President come 2019.

A lot of folks said the same thing about Bubu in 2014/15.

flames01:
Oga, shut up

Lol... bros don vex

flames01:
Yet another boring stupid story. Go get a life.

You should have given yourself that advice before jumping into my mentions to make a fool of yourself.... Like I advised early, minding ones business is a virtue; but if you must intrude, learn to make sensible utterances.

flames01:
The time you wanted on composing this trash would have been sufficient to check your earlier rubbish and realise your emptiness.

I'm enjoying your emptiness, especially as you keep showcasing it more and more. "The time you enjoy wasting isn't time wasted."

A gentle reminder, just like the typical online trolls that litter social media space, you'l were the one who jumped into my mentions from nowhere to spew trash even without having a clue what I was talking about; you're the one who needs to go back and read what the convo which you jumped into was all about. That's what reasonable folks do before interrupting people to spew garbage. Now run along!

flames01:
Mr story teller, goan read your senseless response to my comment again. Then come back and tell another story

I keep overestimating your intellects. ... Oga I assume you went through primary school so you should have basic English comprehension skills to have understood my last reply to you?

I will repeat myself for the last time; YES I was returning your senseless question back to you in 'like manner'. You shot a silly question, I simply reversed the silliness back to you so you can feed fat on it. You cant expect a meaningful answer to a silly question can you?... Sorry!

flames01:
This is a public forum. If you want privacy, go and form your own forum. You need help more; you are already losing it.

Okay sorry I forgot that. I probably was expecting people to at least act and speak sensibly in public especially when interfering in discussions they know nothing about; I guess I was expecting too much from you... by bad!

But like I first responded to you, I was scolding a person who made a very silly and insulting remark about Oby out of bitterness, and then you jumped in to attack me, which obviously implies that you are in support of the foolishness of the person I quoted. You quoted me with a silly question, and I replied with a silly rhetorical remark befitting of your status.

flames01:
No, you are the one displaying utter stay. Check again and you will agree.

Learn to mind ur business. Whilst you're at it, go seek help.

flames01:
You are the confused one here; even you will agree to your confusion after rereading your comment.

You quoted me to say something foolish, so I gave you a comment which was fitting for your status. Don't feel too bad about it; next time just learn to mind your business.

flames01:
Looks like you need a visit to yaba left. You are losing it. How does your empty ranting even relate to my comment? Visit Aro fast before is too late

Look at this confused fellow. Go back and read my comment which you quoted. If your brain tells you your comment was relevant or made any sense whatsoever, then that's pure confirmation that you need quick help.

flames01:
How does that change the fact that the project is a failure?

And how does your unfettered bitterness, constant insults and general frustration at the mention of Madam Oby Ezekwesili's name stop her from being a great woman?... Many of una need serious help... Try and visit TB Joshua

PDP did not see these kind of people to field. Instead they are offering Nigerians spent bullets like Bukola Sataki, Atiku, Kwankwaso and Makarfi to choose from.

Just the same way APC was enjoying so much goodwill in 2014 and had the chance to choose people like Fashola, but they ended up foisting Pa Buhari on Nigerians. Now PDP is about ruining the goodwill it may get from protest voters across the nation in 2019; the difference between 2015 vs 2019 however is that PDP may not even smell anything close to victory with these candidates they have up front.

CROWNWEALTH019:
This ugly fart biitch that conspired against Jonathan, she can go and die for all I care...

The desperate bitterness of some of these Jonathanians knows no bounds. Any prominent person who remotely didnt support their oga in 2015 is their enemy for life. What a pity!

Take am easy bro... its not that deep

PDP dey talk...

If Adeleke chooses to go to the airport today, I'm sure apc will gladly escorte him there if that's what Mr Reno wants.

Jisos!

And the people rejoiced...

CROWNWEALTH019:
Smiles

I'm still waiting for your sauce

Nigeria's economy is hinged on oil sales and oil price. Hit oil prices, and Nigeria is in trouble. Until Nigeria's economy I diversified, that remains the cycle. Oil prices were constantly high for 5 years and by default, Nigeria's economy flourished. But then, prices began crashing mid-2014 and this was the chain reaction effect below:
2Q 2014, GDP growth rate = 6.54%,
3Q 2014, GDP growth rate = 6.23%
4Q 2014, GDP growth rate = 5.94%
1Q 2015, GDP growth rate = 3.96%
2Q 2015, GDP growth rate = 2.35%

www.nairaland.com/attachments/5411323_gdp_gifa9b921e6218c89d27c14de9cfcfe7d21
https://tradingeconomics.com/nigeria/gdp-growth-annual

The beautiful figures were nose-diving and was already at 2.3% by the time the last admin was handing over. Of course following handover in mid 2015, it kept crashing further especially because the principal factor (oil price drop) which led to the crash was getting much worse; under the conditions, the gdp rate hitting zero and negative was inevitable! and it eventually happened as we stepped into 2016.

The signs and symptoms were clearly there even before handover and NOI had warned everyone to tighten up. In early 2015, the little savings in reserves were being used in a desperate bid to salvage the impending situation; Nigeria's forex reserve was dropping rapidly (it dropped from ~$40bn to $28.6bn, exchange rate had also dropped from N160/$ to N220 just in early 2015, virtually nothing was allocated for capital expenditure in the 2015 budget (e.g. the Works ministry got less than N20bn for the whole country in 2015) and contractors weren't paid all year, the government was so badly short of cash that over $2bn had to be borrowed in Feb 2015 to cover things like salaries, fuel importers were owed subsidies running over $2bn in the last 8 months prior to handover, etc. etc. All of the above happened when oil even still sold for over $60. But we all know how oil prices plunged even further to $28 and how production volumes even dropped by over 60% after the new govt took over.

The signs and symptoms were obviously clear, and recession was inevitable (given that oil price drop persisted and reserves could no longer be touched). Of course it is acknowledged that several wrong actions and inactions of the current admin made an already bad situation worse than it should have been. But it's totally out of place to say the current admin singlehandedly led Nigeria into recession. But then again, like I mentioned above, the political explanation is simpler and sweeter; i.e. "power changed hands and Nigeria hit recession." End of discussion!

CROWNWEALTH019:
See as you indicting your government and yourself, you said Jonathan took you to recession earlier and now you saying its 2016. Which one you want me to believe.

You forgot the country stayed good solid six months without ministers only for the idiat to give use idiats as ministers

The day the root of a tree is cut off isn't the day the leaves wither and fall off. Cut the root of a tree, it could take even weeks before its leaves begin to drop, but any observant person would notice when the leaves begin to change colour/dry up.

I believe the above is common sense, but when it comes to politics, if common sense doesn't favour our narrative, the smart way out is to simply feign ignorance.

If you want a factual economic explanation of what led Nigeria to recession, including how and when the signs and symptoms began to unfold, you can say so. But if it's the political explanation you want with minimal economic logic, then kudos to you, you don already win!...

CROWNWEALTH019:
Prove that Jonathan handed a recessed economy to Buhari, why can't you be real ?

Kemi was appointed in Nov/December 2015. Nigeria hit negative gdp rate from January 2016 even b4 she settled into her office.

CROWNWEALTH019:
Last administration dropped an economy with over 5% GDP annually, we were prospering when the demon took over. It took the idiat 6 months to give us the likes of Fayrmi, Ameachi and co

By the time the last administration left, that your 6-7% gdp growth rate had already crashed to 2%. They simply bailed out gloriously before it hit the brickwall. Education is key!

CROWNWEALTH019:
The asset that took us to RECESSION 'successfully' ba?

When was the last time you checked your brain ??

Kemi was appointed minister when Nigeria was already in recession'. Going by your simplistic logic, then the only factual explanation is that she came in time of recession and took Nigeria out of recession before leaving.

katchagboro:
See how this Igbo boy has been blessed by Buhari. He's now looking richer than his hungry clan ipob wailers

Are you serious?.. the dude is Igbo?.. hahahah

koladebrainiac:
its only in Nigeria that the economics of oil price to consumer and subsidy is always complicated.


when Oil price was high in the market. it will increase the price in our country when there is a lower oil price in the market,it will still increase our local sales of oil.

so its difficult to know what to pray for when it comes to oil sector.

We don accept our wahala i swear.

Nigeria simply needs functioning refineries; just pray for that.

Nigeria spends a stupendous amount of forex importing petroleum products daily. When oil price goes up, it cost more to import fuel because the international sellers increase the price per litre. On the other hand, when oil price drops, the Naira value crashes (because Nigeria depends on only oil sales for its forex), so even though oil price in dollars might drop, it would still cost a fortune in Naira to buy the same products because the Naira is devalued. That explains why with either high or low oil price, it will still cost high to import products either way.

Solution = Nigeria stops importing fuel or Nigeria stops depending on only oil sales for forex.

£100 billion moved into their economy annually from corrupt individuals alone. The UK is obviously very happy about this.

shizzle1:
[s]Nonsense analyses from a known buhari zombie degenerate. Did Nigeria's debt profile increase or not without any commensurate infrastructural development/achievement or not under kemi oluwole adeoshi?

@bold, You should at least have some respect for your father and family, allow them to rest peacefully. [/s]

If you read what I wrote earlier, and you had a functioning brain in your skull to comprehend it, the first quetion you should have asked yourself is if Nigeria's debt profile increased or not without any commensurate infrastructural development/achievement under NOI/GEJ even at a time when Nigeria earned 400% more than what it earned during the time of Kemi.

LordAdam, please come carry this bingo

Keep describing your family there. Ezi ohia!

LordAdam:
@Throwback and obailala, can you forward your complaints of NOI's incompetence to Mr Dorsey. Do quick oo, and remember to coPy Standard Chartered.

BTW, I heard your Adeosun the certificate forger fled the country like a fugitive.

-Lord

Even though I know you aren't, let me just assume you are an adult with a functional brain and clarify my points once again. Maybe you will comprehend my English this time and quit chasing me around like a frustrated child who's desperate to feel good about himself by teasing supposed enemies.

1. I never said NOI was incompetent. So I'm not sure why you keep running around town with that (it probably just makes you feel good). NOI is a renown economist who already had a great profile before joining government in 1999. Her CV would give her a job anywhere in the world.

2. The keypoint in my argument is, no matter how competent you might be, the team you work with matters a lot to your success. That explains why the same NOI who had a wonderful record of achievements in her team with OBJ (including clearing Nigeria's debts and growing our reserves massively), ended up screwing up in her team with GEJ by depleting Nigeria's reserves and returning Nigeria to a debt pit totalling between $50-60billion. NOI personally lamented this several times both in speeches and in her book.

3. The origin of all this banter was when you and several others on the other thread missunderstood the English of Amina Mohammed and kept dancing around on how Kemi was the one responsible for bringing Nigeria back to a debt pit of over $70bn. FYI, Kemi met between $50-60billion in total debt stock by the time she stepped in, and that striking amount was accrued under the nose of NOI most ironically at a time when Nigeria enjoyed unprecedented income.

shizzle1:
these two you mentioned are degenerates

You must be describing your father and your family there. Sorry boy, I'm not your sibling.

jayson87:
You are still leaving in the delusion of what Buhari and Osinbajo told you, the facts are there and the indicators are there to tell who is a better manager.

You are the one livving in the delusion of politicians. In all i said, I quoted economic indices and verifiable figures, not the words of any politician. When you're given figures, it's left for you to use your head to run the analysis yourself.

LordAdam:
NOI grounded the economy and still created more net jobs than your Adeosun who waterboarded our economy and in connivance with recession-in-chief took us into a recession as well as send 15m jobs to purgatory. While doubling our national budget and debt profile in only 3 years.

Korofo accountant. Go and tell Twitter, Standard Chartered, Gavi, Lavarde, and ACN that she grounded Nigeria's economy. Go and tell the UN DSG who served with her both under OBJ and GEJ that she grounded Nigeria's economy. Go tell the AfDB President that she grounded Nigeria's economy. Rants of a nobody.

You guys think it is still 2015. Propaganda will only get you so far. Nobody takes you guys seriously anymore aside your fellow jobless 30k propagandists.

-Lord

Oga, when $400bn flows into an economy, even if the leaders are idiots, the economy will have a semblance of flourish regardless of whether the money was spent wisely or not. But then, the only way to know whether the money was spent wisely or not is by observing what happens when the excess money stops flowing. The speed with which Nigeria's economy nosedived as soon as oil prices just began to drop is the greatest indicator of how wisely or otherwise the income boom was handled.

From late 2014, contractors weren't paid, oil importers weren't paid, $2billion had to be borrowed early 2015 to pay salaries, $10bn was eroded from the meagre reserves to defend the naira but it nevertheless fell from 160 to 230; reserves they met at around $45bn was wrecked to $28.6bn, gdp growth rate instantly began falling uncontrollably the moment oil income started dropping, less than N20bn was budgeted for the entire ministry of works in 2015 meaning that zero capital projects were to be done in 2015, of course as contractor werent paid, retrenchment of workers started. For all these to have happened instantly from the moment oil money started reducing, it was clear evidence that the whole boom in the economy between 2010 - 2014 were just a smoke screen function of high oil prices.... Air head wouldn't understand this though.

famosh:
Man, the person you're quoting is the most deluded thing on this street! You'd furnish it with facts but it'll still delude itself with its own deluded opinion! Save your strength!

The guy is a known online troll, there was a time I promised myself never to respond to him. I dont even know why I bother today.

famosh:
The daft Jonathan sycophants want to rewrite recent history for us like say we no follow dey this country! They think we've forgotten how the previous finance minister, Okonjo-Iweala, under Ebelemi, plunged our GDP growth from 7.68% to just 2.35% when Ebelemi left office in May 2015, plunged our foreign reserves by over $22bn, disgracefully plunged our foreign direct investment, all these despite the oil boom! Yet, the dunces want Kemi to do more than the good work she did with oil hovering around prices as low as $29/barrel within the first month of her resumption!

The daft Jonathan sycophants think we've forgotten how they scammed our youths of our hard earned N1000 & even brutally killed a lot of them in the processes under the guise of giving them immigration jobs. They think we've forgotten how Okonjo-Iweala oversaw the Dasuki-ing of our savings for elections where they were eventually disgraced!

They must be daft to think we miss those demonic vultures & want them back to destroy this country again! Never again!

Its pathetic the way many of those jonathanians clowns think. They wanted a miracle from Kemi. A feat which even more renowned persons like NOI could not achieve in times of mega unprecedented income, that's what the buffoons accuse Kemi of not being able to achieve with $28 oil price, $28bn reserves and less than 1m bpd oil production. NOI/GEJ earned almost $400bn in oil income but ended up accruing debts upon debts after crashing reserves. Kemi/Buhari earned less than $100 but even almost doubled the reserves, and were able to stabilise the economy, yet the clowns think a 400 vs 100 comparison makes any sense.

Adekdammy:
Breaking of the rule is breaking of the rule. Forgery is forgery whether clearance cert or degree cert.

Oya go and arrest her.

LordAdam:
One person does not determine the direction of an entire economy... Well except NOI ba?!

Stop writing all these long epistles in hopes of getting me to debate with you. Not happening. I'd continue rubbing it in.

NOI--Gavi, Lazard, ACN, Standard Chartered, Twitter.

Adeosun--Certificate Forger disgraced out of her post. A leprous patient no one will touch anymore.

Dazall!

-Lord

NOI boosted Nigeria's economy under OBJ but grounded Nigeria's economy and left us in great debt under GEJ. For anyone with any level of intelligence, it should be obvious that the team she worked with matters. I'm probably overestimating your intellects. Good night!