₦airaland Forum

Lokito...

joyhoney:
only evil person will support government that did not pay salaries for good 8months , how did he expect the citizens to survival ,, pls vote them out! let another person try jo

The point I made was in reference to the other guy who labelled it a 'political party' issue, when we all know it's a problem that cuts across the 2 contending parties.

Mostfavoured010:
Only insane electorate voted for that satanic party that paid salary and pensions in a week to election. they ran the state into lifetime debt, so they can afford to pay workers but delayed it till they need there votes. Satanic party

APC & Tinubu will lost one of there strongholds on Thursday

Both PDP and APC owe salaries; infact in just the neighbouring Ekiti state, the kpomo cutting PDP government there was also notorious for owing salaries. Lest I forget, the same PDP govt also paid N3k bonus just a day to election to state workers who were being owed salaries under the guise of 'transport fare' to go and vote.

So going by your logic above, anybody who also votes or remotely supports or sympathises with the demonic killer party called PDP must be raving mad.

Rigging elections these days is now so so complicated and difficult; just imagine the way APC is struggling to stay afloat by hanging onto straws...

I remember the hey days of PDP's democracy when final results are simply announced in the capital while accreditation is still ongoing at polling stations across the state. If you're displeased, go to court... Kaii!! PDP show Nigeria pepper!

Turkeelex:
lol believe it or not nigerians are destined to suffer forever......

Lol.. but on a serious note, that the man dances and is always cheerful, that does not automatically mean he will be a bad administrator so cut him some slack. There's no evidence anywhere that the stone faced rigid, non-dancing governors are any better.

globemoney:
Instead of Fayose to face APC wit for wit, money for money, power for power, he was busy shouting I'm in pains. A clown

ehinja:
N180 billion yearly as mentioned is very misleading in the context in which the article is wriiten.
How is the sum arrived at and based on what indices? Is the airline going to be operating for free and not generating any revenue?
Yes a Beoing 777 (A wide body aircraft) cost over $300 million dbut who says it must be wide body aircraft. A narrow body aircraft the likes of Airbus 320's and Beoing737-8 series cost about $72 million.
Again who says it has to be a brand new aircraft that Nigeria Air has to start with. There is the option of leasing aircrafts be it under a wetlease (aircraft and crew) or drylease( aircraft only).
Emirates (one of the largest airlines today) started with 2 wetleased aircraft from Pakistan International Airline in 1985.

If Ethiopia can run a succesful airline by all international standards the question we need to ask is why can we not do the same?

Why can we not do same?... The answer to that is simple, "we are Nigerians".

Nothing owned or operated or overseen by the Nigerian government ever works; whatever venture the Nigerian government touches eventually dies. This is a fact that has been repeatedly proven empirically for almost 60 years. It would surely be a thing of national pride to be able to step into an aircraft bearing a Nigerian logo in far away London or new York, but of what use is national pride when in reality, the venture would be a disastrous national liability?

I liked the idea of Nigeria Air though, considering that the govt would only own 5% shares and would not have any business operating or managing the proposed airline. But is that really really the case here? Cos anything other than that, would be disaster.

The new standard gauge rails and train services for which billions of dollars have been spent, that's another sad disaster waiting to unfold with govt being the owner and operator. The trains are already a messy national liability as we speak; and we're still buulding more.

If the dancer wins, the party no go be small thing. It would be street carnival owambe for weeks. With Fayose and Rochas retiring, I think Nigeria could use another clown governor.

eyeview:
Read earlier posts. They are actually APC agents and they did confess to it in earlier threads.
Some APC goons are now trying to twist the tale

OBoy50:
AHhaahahajahahajajhahahahajaja APC! BIGGG LIARS!
SHAME ON YOU OP!
THESE ARE APC GOONS !

FarahAideed:
Liars they have both been confirmed to be APC agents

yerimastyle:
Apc lies like lie Mohammed look at the frame up . believe this news at your own perils APC is a devilish party

Apc members sharing 'Adeleke' rice... Issokay!

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.