₦airaland Forum

dragonking2:
Crying? Lol you are the one crying like a biitch cause of the yabbing given to the incompetent illiterate dullard remember? It is obvious you can't keep to your own part as usual. So keep on rigmaroling, I have all the time in the world

Oh dear.. this dude wouldn't leave would he?

You threw insults, I responded with a gentle reminder that even your hero was involved in exactly the same issue. And since yestrday till now, he's literally been begging me to mention names of others leaders too. I would repeat it the umpteenth time until 'u hear word', I wouldnt be mentioning any more names cos I already mentioned the most striking one which I knew would pierce your heart, and I certainly got the effects I wanted.

dragonking2:
Dont remind me of only GEJ. Remind ;Dme of all the past administrations. You called me a hypocrite, I have proved you wrong, while you are yet to fulfil your own part. So who is the hypocrite Now? Abeg, Go and sleep as it is obvious you want to rigmarole again as usual ..

As for the part you claimed that you stated GEJ borrowed from China, that was not your argument. .you only edited it later on when you knew it will get hot

This dude is still crying over this matter?

Boy I told you I wouldnt be mentioning any other names; oya come and beat me na... I have already achieved my aim which is to expose the nonsensical hypocrisy you shamelessly displayed when you went about insulting the hell out of Pa Buhari all because he borrowed money from China.

Now can you kindly run off?

omron:
Good morning to all romancelanders
This story am about to share is a real life story
And I would be very glad for matured comments and advice before things goes out of hand
I happens to be the only male child of my family
I got married in the year 2012 to my wife that we were both from the same state Ondo state
Lost my dad few years ago
I lived in oke mosan in Abeokuta
I relocated to Abeokuta with my wife from Osun state when my Dad goes to a great beyond that was 3 years ago.
I changed my job and decided to stay around my mum in her house built by my Dad for sometime before renting my own house so as to ensure that she is not lonely.
I started living in the house for the past two years now with my wife and my baby son who is 3 years now

I have 3 sisters and all of them are married with kids
But I have this one very wicked, stubborn and hard hearted very crucial sister out of my sisters called Funke.
She happens to be our third born while am the last born.
She always feel so proud, possessive,bossy and always wants to take charge of any Affair in the family
She has been like that since her childbirth
She can talk to anybody anyhow,several times she abused my dad in his lifetime. I thought she would change when she get married but this irritating and rabid character keeps growing in her.
To cut the long story short

About 3 weeks ago she came to Abeokuta from lagos where she lives with her husband to visit our mum

And anytime she comes visiting it's quarrel,fights and arguments all of the time

She quarrel with anyone she sees around and most times she took on my innocent wife

So when my mum told me she is coming to stay for a week in the house I told my mum I will move out to rent a guest house for a week till she go back to Lagos because there is no Time she comes and she doesn't fight .
She has disgraced the family enough in our neighborhood so I don't want such to repeat itself

My mum discarded my opinion and assured me there won't be problem.
As if I know, Third day she arrived she came up with her attitude by shouting on everybody in the house
She picked up a serious quarell with me even in the area and started abusing me in the presence of neibors calling me different names, some elderly men came to settle the quarell.
During the duo... She cursed my wife in Yoruba and my wife in her presence returned the curse that it shall not be so in Jesus name.
My sister hearing that bounced on my wife and hit her in the nose and bite her..... In the process my wife got annoyed and bites her on her ear too blood was everywhere both from my wife nose and my sisterr outer ear.
I was having exams that day so after the fight I left the house with my wife and she was to return to her destination in lagos that same day.

As I was going out I locked my room with padlock and when we came back in the evening I was suprised what I saw.
My sister has broken the door to have access to my room....she carried away my wife certificates from her day one till present,and also my pictures from day one during my NYSC my wedding pics,and other important pictures, she wud have absconded with my certificates too if not that I took it to interview that morning.
The most painful and shocking thing she did after that
She bought a new blade and cut almost my wife clothes in the wardrobe and even my son clothes she pieces everything and destroyed my son toys

She even threatened my wife that she will go to to any length that she will separate us.
She has been running around on what she said
But I believe in Almighty God that I serve no evil shall befall me.

I reported her to some family members and up till now she is denying that she did not carry certificates and my photo album neither did she cut my wife clothes..

My wife have decided to take the case to police but the families are begging her to be patient but my sister is denying.... Am confused and don't know what to do next. Cos till now she is still denying and she said she can swear with Ogun or anything ... Pls save my family what should I do ?
I will appreciate you all for your comments.....
Thanks all

Jesus is Lord!

In all of these, just console yourself with the fact that you aren't her husband. And whenever you feel too bad about her attitude towards you &your family, once again, just think about what her husband goes through daily and give God thanks.

dragonking2:
Go and sleep..Your point is fallacious.. Was GEJ the only one who borrowed? Your claim was based on the total debt not even the one from China..."you don't think borrowing from other places (as was done by other leaders (including the one you revere) should even be discussed?" . The bold was your comment so I wonder why you have switched words after I have done my own part. Like I said talk is cheap.. If you can't provide Your Own breakdown of the total debt incurred by all the past administrations then keep mute.

Was GEJ the only one who borrowed? NO... but I chose to remind you of just GEJ for reasons best known to me and you and we all can see the effect of this my decision on your state of mind since yesterday (you've been restless). Meanwhile quit asking me to mention names of other leaders that borrowed cos I won't; if it pains you so much, come and beat me. I already mentioned the most important name to drive home my point and I got the expected reaction from you.

And again, quit your childish hypocrisy, remember you first started this by mentioning only Buhari's name while spewing your senseless insults in your first post?... at that point, why didnt you mention names of all leaders that borrowed?... What right do you have to be pissed at me for mentioning only 1 name?

And just FYI, even GEJ also borrowed from China too and I gave a link to that. So once again, run off!

dragonking2:
Which point did you make? This was part of your statement "kindly tell me why you did not think it wise to mention the names of previous leaders". Now I have mentioned them all and shamed you, why dont you do your own part and mention with references the details of the total debts you were making reference too, surely GEJ isnt the only one involved as you hypocritically put it. If you cant, keep shut and stay off my mentions on this thread.

Oh! You dont get my point still?... my point was that the insults you heaped on Pa Buhari for borrowing from China, those insults also apply to your hero. That's all I meant to tell you. Now run along boy!

dragonking2:
Typical as usual, you though you could accuse me of not posting past borrowings from china, well I have proved you wrong.
My point was on the chinese borrowing which i have provided proof to my claims. You wanted to talk about the total debts owed just to justify your messiah, well provide the links then...
You are all talk but no action, well i cant blame you, talk is cheap...

Like I said, I benefit zilch from posting any proof for you; I already made my point a long time ago. If you still haven't realised that, then I'm sorry. But then, as I mentioned earlier, I've actually posted a link earlier today, you can go find it.

dragonking2:
You can see who is accusing me of reading only the heading. I will continue to remind you that you are confused. I am sure you didn't see the first statement of the article which states that 'The Federal Government of Nigeria’ indebtedness to China stood at $3.22bn at the end of December 2016, according to a report released on Tuesday by the National Bureau of Statistics (NBS)'.

Now I accused the current president of this huge debt to china due to the amount he borrowed alone (you are yet to tell us how much he borrowed last year). As usual, you jumped in your sycophantic style talking about the total debt profile by rendering stories about how only GEJ administration borrowed money. What kind of laughable logic is that? If you want to talk about the total debt profile, you should start from the scratch. Provide the required details to underpin your points and not just point at one administration.

As for the second bolded, are you pained? I wonder where you were when the likes of El rufia & co were calling GEJ unprintable names? Maybe you were blind then.

Now to the first bolded.. I will go ahead and post past Nigerian leaders who borrowed money from china. Once I finish, you then will have no excuse not to provide the breakdown of the total debts of past administration and not only GEJ.

Obasanjo $2.5billion from china;

http://www.oyibosonline.com/country-borrows-3-1-billion-under-obasanjo/

Yaradua;

No record of borrowing from china

GEJ $1.1bn deal from china:

http://m.bbc.co.uk/news/world-africa-23269004

https://www.nairaland.com/1817872/bbc-nigerias-president-gej-seeks

http://www.scmp.com/news/china/article/1279686/nigerian-president-goodluck-jonathan-finalises-loan-deals-china


Buhari $6bn from china ;

http://pulse.ng/local/buhari-president-gets-6b-loan-from-china-id4912989.html ( This debt is in 2 folds - $2bn and $4bn which was sealed this year)

http://dailypost.ng/2016/02/11/nigeria-to-secure-2bn-loan-from-china-to-finance-2016-budget/ This is the one for 2016.

http://www.reuters.com/article/nigeria-loans-idUSL5N1HC4PG This was sealed recently this year 2017.

Buhari alone has taken $6bn in less than 2years...

No record of china loan for Abacha, IBB, Shehu shagari, Nnamdi Azikiwe, Yakubu gowon.

Now that I have fulfilled mine own part, why dont you fufill your own by providing the breakdown of the total debts of past administrations and not only GEJ.

I await your response.

Oh! you now brag about also reading the first sentence of the report too?.. Congratulations to you then. But when I read through the entire report, it gave details about the full debt profile, and there is no law or legislation that says I must talk about only the title or the first sentence, so I wonder why my response got you desperately agitated.

You commented by insulting Buhari for borrowing in recession, and I simply reminded you that Buhari alone isn't responsible for the debt; Buhari alone isn't even responsible for the entire Chinese debt and I believe I posted some links earlier to support this. An interesting fact by the way is that, while Buhari borrowed in a period of recession (necessity), his predecessor borrowed when we even had excess. My point was simply a gentle reminder that if you must throw insults around loosely, those insults applied to not just Buhari; and I'm sure you've already agreed with me on that.

Asking me to provide debt details of past admins?... of what relevance is that to you or to me?... My point has since been made.

chudionu58:
Face front jare, trickish lying Zombie.

Lol... gerrarrahia mahn

dragonking2:
Rubbish.
You didn't need to remind me about the last government because we all know that they borrowed money from China, however, I have every right to criticize his government as they are in power now.. I ask again, why didn't you post that of other past government? You should have also reminded me of all the administrations and not just a selective one. Or are you psychic to know which one I revere and which one I don't? Post the other debt of past administrations if you want to be taken seriously.

Now, my comment is based on the China debt and not the total debt like I said earlier on, we all know that past administrations borrowed.. .Also, the topic reads "Nigeria owes China $3bn"...Am sure you also missed the part where it said "The Federal Government of Nigeria’ indebtedness to China stood at $3.22bn at the end of December 2016"..Now, how much did buhari alone borrow from China? I hope you can tell us? Once you do so by getting the amount buhari borrowed from China last year then subtract it from this total debt of over $3bn to China alone and then you will have the common sense to fully understand my statement.

The report may be titled 'China Debt', but the content talked about all other debts too. I'm sorry, I'm not like you who reads only titles of reports before commenting...

You drew the attention of the world to how incompetent, evil and dull Buhari was all because he borrowed money from China. I simply reminded you that even his predecessor which I know you hold in high esteem also did same; and then you return to attack me for mentioning only one predecessor?

Now permit me to re-enact your nonsense hypocritical logic so you can see how senseless it is; you attacked me for not mentioning names of other leaders, so kindly tell me why you did not think it wise to mention the names of previous leaders when you were vomiting those unprintable words on Buhari?... Since you now claim you also know the other leaders also borrowed..

BigIyanga:
Partisan hacks like you think that anybody critising APC is a PDP agent. I was critical of PDP when they were in power and Amaechi, Okorocha, El Rufai, Masari, Garba Shehu , Audu Ogbe, Tambuwal,Udo Udoma, and co were all PDP members. Amaechi was a PDP member untill 1year to rhe expiration of his tenure. He wasted and squandered funds.
On one hand, you are berating FG for not saving enough, but extolling govs like Amaechi for spending all their funds and not owing, but they borrowed heavily and left their states solvent.
Show me what states like Rivers saved with their share of ECA? Only Anambra is non-oil producing that didnt got for a bailout, but Rivers budget is about 5times bigger than Anambra. Rivers budget is like that of Lagos. LASG is building a rail 30km rail system at over $1bn, but Rivers spent $1bn on abandoned project.

Kindly point out where I extolled anyone?.. and I would be very glad to accept your 'partisan hack' insult. Correcting your erroneous statement about 'Amaechi running to collect bailout,' is that what you call extolling?... For crying out loud, there are 1001 things about government that could be criticised, so how has it now become a virtue to stick with the very one which is false and how has it automatically become 'extolling' when I correct your error?

Look here man, I'm not here to discuss whatever profligacy happened in Rivers State or any other state for that matter. I'm not sure I understand the reason you keep directing these comments to me. The only reason I quoted you originally was cos of the erroneous statement made about 'GEJ wanting to save but was stopped by Amaechi,' I simply stepped in to deflate that falsehood. But instead of simply accepting and moving on, you've exhibited what can best be described as an unholy obsession for Amaechi Amaechi Amaechi!!! And then I begin to wonder whether there was anywhere I told him Amaechi was my father or a saint... Did you read anywhere I praised or even slightly glorified Amaechi?...

dragonking2:
So if thats the case, why didnt you post the links of other debts incurred by past administrations? why did you only post that of last government? Post that of all previous government to buttress the bolded.

The answer to this question is very commonsensical, even a pupil should know it. You were already spewing unprintable words against the current FG for borrowing from China. All I needed to do was remind you that the last govt (which you revere) also borrowed (from even the same China), and unlike the current circumstances of reduced govt revenue, the borrowings by the last admin weren't as justified as it is today.

It is higher height of buffoonery when you claim that the report covered all of Nigeria's debts yet you post link of only one administration while ignoring other past administrations.

Once again, the answer to this question is commonsense, but only buffoonery would make it unclear to a person. You were already alluding that the entire money was borrowed by the current regime, you even went ahead to spew unsavoury words, labelling buhari an incompetent evil dullard for daring to borrow from China. I was only exposing your pathetic ignorance by reminding you that even the one you revere has a hand in those borrowed funds.[/quote]

Of course, we know that majority of the past government borrowed money from china,however, same way GEJ was blasted for the other debts being borrowed is the same way buhari will be blasted. There is no escaping it.

Of course, no one stops you or anyone from blasting anyone for plunging Nigeria into debts. But when you do so, apply some wisdom.

chudionu58:
Join issues with a Zombie? who made all the noises in 2015 as if his personal lord and saviour had a plan. Enjoy the rain beats.

Moronic wailers have always been known to have nothing upstairs, so I shouldn't be shocked that the only vocabulary in their empty skulls is zombie, zombie!

I would be damned if I expected any sensible contribution from a coconut

dragonking2:
Stick to the topic of the thread, if you cant, just make your own comment here without quoting me.

https://www.bloomberg.com/news/articles/2016-09-08/nigeria-s-presidency-approves-borrowing-from-world-bank-china

First of all, I am not one of your typical half-baked fellows who only read a topic and proceed to drop comments. If you had read the body of the report (as opposed to just the title), you would have realised that the report covered all of Nigeria's debts, and not just those from China. So I wonder what other topic you're expecting me to stick to.

Now back to your useless comment, it is completely senseless to insult someone for borrowing from China (at a critical economic season), but still revere another who borrowed from elsewhere (even when he enjoyed an income explosion); that has to be the height of buffoonery.

And just so you know, that one you revere actually also borrowed from the same CHina. So just run-off and go educate yourself before coming here to spew childish trash...

http://newsrescue.com/revealed-president-jonathan-borrowed-money-finance-rail-projects-repair-airports/
http://www.voanews.com/a/nigeria-chinese-loans/1694725.html

Pro2makx:
Yeah, ofcourse, as usual, fvcking blame it on the last guy.
Didn't your party say it had the balls to set the last guys wrongs right?
How does plunging Nigeria into such outrageous Dept explain that. All you r ever good at is defending successive failures.
God bless the previous guy.

No I'm not blaming it on the last guy, I was only calling out the senselessness of the other guy you supported who's calling the president names because he borrowed money from China. Meanwhile the guy actually reveres a Jonathan who not only equally borrowed money from the same China (I'm sure $500million of that amount mentioned was borrowed by the last govt), but also did so despite the fact that Nigeria had far far more money during his regime.

I'm sorry, it's not my best desire to defend any govt because they're all useless, but I hate seeing such provocative nonsense being displayed by die-hard jonathanians.

dragonking2:
I have warned you before that your problem is comprehension. What is the topic of this thread eh? I have shown you proof where your master buhari borrowed about that sum yet you want to attach it to GEJ as usual. Clowns

http://www.vanguardngr.com/2016/04/buhari-heads-to-china-to-borrow-2bn/

SO because the topic talks about borrowing from China, I'm no longer allowed to talk about other borrowings?.... In your opinion, you think borrowing from China is a crime which deserves the unsavoury words you labelled Buhari, but you don't think borrowing from other places (as was done by other leaders (including the one you revere) should even be discussed?

Meanwhile are you aware part of that money owed to China includes the $500million from Exim bank used to fund the Abuja to Kaduna railway?

Among the 2 of us, there is certainly only one buffoon here!

dragonking2:
Show us proof that they borrowed from china.

Something like this.

http://www.vanguardngr.com/2016/04/buhari-heads-to-china-to-borrow-2bn/

Oh! the problem now isn't about borrowing?... Borrowing from CHINA is now the crime?

Chaii! Bros why?

dragonking2:
My goodness

The incompetent illiterate dullard has totally destroyed this country.

Buhari is evil wahali

Pro2makx:
Sorry, they can't be here. No balls to handle this

A large chunk of that amount was borrowed by your messiah even though Nigeria enjoyed unprecedented oil income boom at his time. If I remember, NOI already announced Nigeria was borrowing about $2billion to even pay salaries in early 2015 because the drop in oil price had severely affected Nigeria's income. Meanwhile at the time, oil still sold above $60 and the oil crash had only lasted few months.
http://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

Fast-forward to the new regime, oil price dropped to as low as $28 in early 2016 and the oil crisis has now lasted over 2 years. But you think the last guys (your messiahs) are geniuses while it's the current guys who ruined Nigeria?.. You both should be clapping for yasefs!

BigIyanga:
I was jusr trying to clarify you that govt monetary and fiscal policies brought and exacerbated this recessiom.
National budget is about $25bn a year and Naija in diaspora send close to $25bn home every year, this could have a great way to plug in the shortfall in forex if FG narrowed the gap between black and parallel market, instead they allowed CBN and bank cronies to ripp off Nigerians in diaspora. If black market is 400, Banks and wstern union, moneygram eyc would be paying 300, so Nigerians in diaspora reduced the amoung of money coming into the country.
You keep making apple and orange comparison.. FG had saved close to $30bn and state governors like Amaechi saved ZERO and came back to FG asking for a bail out. $30bn Vs 0
Amaechi ran a $3bn/year budget which amounted to $24bn in 8 years. He spent $1bn on a 2km -monorail project that is currently abandoned.
Rwandan budget is about $3bn a year and it has far more responsibilities than Amaechi

Bro, you just seem desperate to 'win' an APC vs PDP argument, hence all these your diversions naming one APC governor or the other. Oh Yes, the govt isn't doing anything impressive and i thought I agreed with you on that before? The only thing I wanted to point out/clarify was your erroneous pronouncement that GEJ wanted to save but Amaechi stopped him; fact is that GEJ didn't have any intentions of saving nada, and if he did, a combination of 36 or even 72 governors couldnt have stopped him.

And yeah, just to clarify again, the Amaechi you keep mentioning wasn't owing salaries and didn't run to any FG for any bailout. I know you're desperate hang Amaechi as your worst nightmare, but try and get your facts right first... and again, Amaechi also didnt abandon the monorail project, Wike did; it makes no logical sense accusing an ex-governor for abandonment of a project when there's currently an incumbent governor.

Lol.. the delusion in Nigeria is epic... biko what exactly would this so called war by these illiterates be?... What would be the target and what would be the prize?.. As usual they would run around killing innocent southerners and anyone that resembles a southerner (specifically Igbo) as is always the case and then what?

Lol..

chudionu58:
Zombie demolition thread. Go on boys!. Obailala, the very staunch and deceptive Apc worshipper. I dey feel your apparent misery.

Children everywhere... If you get any mental or cerebral power, why dont you join the discussion by proving any of my points wrong??

ephi123:
But these things you listed out have always been under the presidency, nothing has changed. You are not helping your argument at all I'm sorry to say.

I am not a fan of GEJ so cannot stand in for him or defend him, unless he is needlessly being bashed by this mega-clueless administration, which seems to be happening a lot lately.

Again I repeat, the only time GEJ gets bashed is when his crew begins to make nonsense comparisons or when he comes out to make embarrassing statements like the ones from last week (e.g. claiming US, UK, France etc were the ones who forced him out of power). I wasn't a fan of GEJ and after successfully having him removed, I should have forgotten him and assumed my natural position which is to be critical of the useless leadership our nation always breeds. But the only reason I still get to talk of GEJ and the only reason I still seem to be defending the current govt (which I dont admire by the way and which I've never hailed) is because millions of GEJ supporters and his allies keep reminding us of the past by making nonsense provocative comparisons.

Now regarding the presidency budget again, if EFCC for instance wants to build a HQ or offices across the federation, that is an example of a change. If the presidency chooses to re-equip the DSS, that is an example of change. I have no idea of the presidency budget, if the N39 is for recurrent expenses, then obviously that's a major red flag, but if there are plans for some 'non-routine' capital projects, then that can be a justification for a change in the budget.

VULCAN:
Actually, you were.

What is the cause of Nigeria's current economic crisis? = Forex scarcity which is a consequence of the crisis in the oil industry.

Since you still argue that the answer I gave above are 2 different things and represent a 'double-speak', then I would have to just believe you are a child that needs everything spelt out to them in elementary sentences.

VULCAN:
But having read all you have written I understand that you're the type that pretends to know it all so that you can be the loudest voice in the room.

Its OK, I agree with you that you are more versed in Economic matters than the previous CBN Governor so that's why his storied evaluation of our economic challenges is wrong and yours is correct. I apologise for doubting your erudite economic curriculum vitae

Now I hope that makes you happy.

People that have an overwhelming need to prove themselves in the midst of others most likely suffer from some sort of inferiority complex.

Thank God at least you didn't lie that you have formal training on Financial or Economic matters so I presume you learnt all you know from the internet or perhaps just listening to Kemi Adeosun.

But like I said Tow the APC line all you like. Every employer of labour in the private sector knows that a Manager who cannot correct the wrongs of the previous Manager won't be a Manager for very long.

I notice that you are unable to provide solutions to the current quaqmire so your armchair economic prowess can't deliver much outside of criticism of the previous govt.

Tell your APC masters not to bother to improve the economy as they promised us but just to reverse it to the "disaster" that they met it. Then we can take it from there.

Mr Man, this isn't an APC vs PDP matter so quit limiting yourself to that little political bubble. Like I said before, I don't need formal training or a degree in economics to understand the elementary principles of demand and supply. The whole world knows the origin and foundation of Nigeria's economic crisis is the drop in oil prices, drop in oil production and the consequent scarcity of forex (even when we still had world acclaimed economist like NOI, Nigeria's economy already nosedived before she left and she warned us of more dangers ahead). Only people who argue this are people tainted by political sentiments.

Nigeria is pathetically an import dependent country which depends on forex for just about every need from basic food items to raw materials for manufacturing industries and to the all important energy (petroleum products) which is needed by EVERYONE and every single sector of the economy. Now, how does Nigeria get its forex?.. 93% of Nigeria's forex comes from export of oil and here we are, someone thinks because the oil industry makes up only 15% of GDP so therefore, a crisis in the industry can't be responsible for the crisis in other industries?

I'm sorry bro, I'm not a know-it-all as you claim, but then, I'm too educated and enlightened to just swallow a partial statement from a man and allow it erode every single commonsensical logic I know, sorry I do not have such herd mentality. If by any means SLS has actually said the drop in oil price and export volume has no link with Nigeria's recession, then he is totally wrong (irrespective of his level of intelligence); but then, I doubt he would say that explicitly. So I advise you to go back and read/listen to the exact statement and context of SLS' speech to have a full understanding of what he said and quit this habit of picking out a single sentence (which you think suits your political narrative) in a long speech and moulding opinions out of it.

ephi123:
That still doesn't change the fact that it's a massive jump in figures. Plus it's having no positive impact on the man on the street.

That's a big lie. How many times have we seen the former administration talking? The only reason things have been in the headlines recently is because of the so-called book Adeniyi wrote.
Prior to that, every single thing, the first thing this failed government does is blame the former one. We are all here now, let us see who they will blame after the 4 years is up. How can a government in power not want to be held accountable for their actions? That is an indication of people who have nothing to offer, so do the easiest thing - blame someone else!

Firstly, like I said before, budget figures can change for different reasons; we aren't talking of a single item like fuel cost or cutlery or feeding cost, we're talking of a whole ministry (as I would prefer to view the presidency). And remember things like the EFCC, DSS, NSA, NIA, BPE, Amnesty Programme etc 'I think' are all under the presidency budget. So if there's a plan for a project in a particular budget year, for instance I think there was a plan to build an EFCC HQ, things like that could explain a leap in the allocation to that ministry. So yeah, the presidency's budget is higher, but that isn't enough reason or basis to make any conclusions until you bring details of the breakdown.

Secondly, I stand by my word that it is usually the former admin that always sticks out its neck each time for ridicule; most of the things you tag 'blame' are more often than not, just responses to the provocative comments/criticisms by the last admin against the current guys... And when I say last admin, it also includes its supporters and sympathisers who keep bringing up GEJ's name trying to beatify him and making undue comparisons. As a typical example, the only reason I'm talking of GEJ now on this thread is cos, after reading the Op of this thread where Peter Obi mentioned the need for saving, I read a comment by someone claiming that GEJ dearly wanted to save but the trio of Amaechi, Fashola and Oshiomole made sure GEJ couldn't save. Ignorant comments like that are what give rise to GEJ bashings cos I couldn't help but set the record straight. And yeah, its not just the supporters, even former shameless officials like Omokri etc keep jumping online making similar ridiculous comparisons which eventually just put GEJ on the spotlight.

sarrki:
Why ?

For what ?

Of what benefit is it for the government?

Do you know the thousands of foreigners that come to Nigeria weekly (with forex) to worship at the synagogue?

JamieNaija:
After Governor Ganduje said he only pretends to sleep in public functions, Citizens in a bid to prove him wrong shared more pictures.


See photos below.


SOURCE: http://www.jamienaija.com/2017/05/more-photos-of-kano-governor-ganduje.html

Nigsrians too wicked

BigIyanga:
In Previous years, CAPEX was above 30% when budget was about N4tn with exchange rate of less than N150. FG increased the budget by 50% and still pegged CAPEX at 30%..

Ministries were reduced by 50% and RECEX was still increased. Presidency budget went from N6.6bn in 2015 to N39bn in 2016. Most importantly, it's pure profligacy to borrow 60% of ur budget to finance recurring expenditure.

They still increased recurrent expenditure by 70%-chop money without commensurate increment in CAPEX They later told us that they would only implement 15% of the capital budget.

2: 30 out of 34 sub sectors of the economy are in decline as of Q4 last year, so 90% of the economy is in recession- Service to manufacturing.
3: Even though Naira has lost its value by over 150% under PMB, prices of good haven't gone by 100%, for instance, Abuja taxis still charge N300-500 per drop, so it can't be entirely blamed for recession.
Federal budget only accounts for about 5% of the aggregate GDP, to suggest that 5% of past fiscal policy brought this hardship to the country is pure fallacy.. If this present govt had steadied the ship, 95% of the economy would have gone into recession.
4: In last year's budged ,N500bn was allocated to special intervention fund for social programs with no ministry nor parastatal.. This kitchen cabinet money managed by GMB and his cronies.
5: Bloated cost of govt hasn't changed. Presidency budget was increaesd from N5.5tn in 2015 to N39bn in N2016. NASS allocation is more than the state budget of most states.
Ministries reduced by 50% thru merger, but cost running govt is higher, why?

Bia nwanna... I thought we were talking of the issue of savings by GEJ and your accusation that Amaechi was responsible for GEJ's zero will to save?... Last time I checked, that was what the discussion was all about but the way you've totally avoided that discussion as if it has leprosy and resorted to general criticism of govt is quite amusing.

Guess what? ... I agree with you, the govt is useless, but can we please focus on our first topic and conclude on the original argument before we divert to another topic?

VULCAN:
Had it been you bothered to read Sanusi's speech like I implored you you would have learnt a thing or two.

But apparently you have more experience running Nigeria's economy than he does

Its clear you an APC apologist cos they never accept a position different from their own. Jonathan is the reason why they couldn't achieve erection last night.

Indeed You are a very confused fellow.

I responded to your post wherein you said our problems are due to troubles in the oil sector. Emir Sanusi said its not so.

Now your ranting about foreign exchange as being the cause of our problems.

Are you schizophrenic? If not, make up your mind on what you feel is responsible for the economic downturn

And for the fact that you stupidly implied I know nothing of the subject matter despite not knowing me...

...My first degree was in Finance.

What was yours?

Mr man, I wasnt double speaking when I mentioned that lack of forex is the cause of the economic crisis. I shouldnt have to explain to you that the oil crisis is the cause of the forex scarcity, even a child on the streets knows this so I'm suprised a self acclaimed finance expert thinks I am 'changing stance' when I mention 'oil crisis' at one point and mention 'forex scarcity' at another instance. It's a pity, but if you do not know the relationship between the two, then I would be wasting my time trying to argue with you. I would assume you know better but only made the 'double speak' accusation just for the sake of arguments; so I would ignore that.

Regarding Sanusi's speech on GDP, I would attempt to break it down for you and I believe it should be simple to understand if you put political sentiments away (not every topic should be analysed politically). The fuel tank may be a tiny part of a car, but if it is punctured and the fluid leaks, the entire car would be grounded. Oil or the oil industry may make up only 15% of Nigeria's GDP, but this same oil supplies 93% of Nigeria's entire forex income. Remember Nigeria is pathetically an import dependent country that imports almost 100% of its energy (petrol and diesel)?.... Anything that affects the flow of forex, affects the exchange rate and the exchange rate influences the inflation rate and in all, the availability of forex influences every other part of Nigeria's GDP.

In essence, that tiny oil industry produces the life blood which drives every other sector of the country; kill the oil industry and watch as every other sector (which depends on that forex coming from the oil industry) withers away as is currently the case in Nigeria. Hence why several economic experts have always called for diversification of Nigeria's forex income source so the nation's life would stop being tied to just oil, oil and oil.

So a little advice, try and use your education better than just listening to the words of one economist (which you didnt even underatand) and moulding your opinions based on it. I dont have to be an economist or a finance specialist to understand this.

ephi123:
It wasn't necessary to read the comment trail. What he stated were very clear facts.

You say oil prices went down 50% with the resulting drop in revenue, agreed. Is that in any way proportional to a 600% jump in budget figures? Clearly not.

The previous government messed up, agreed. Let us focus on the actions of this current one, particularly their out of the roof borrowing (afterall they've been in power for 2 long harrowing years). This continuous blame game has been beaten to death.

And to even make matters worse, no one is seeing the impact of the ridiculous borrowing, people are suffering like there is no tomorrow, so where exactly has all the borrowed funds disappeared to?

Sorry dear, it's always necessary to read and understand the basis of an argument before joining to give your opinion. But you are forgiven, cos we all guilty of jumping into arguments without reading at one time or the other.

Secondly, budget figures can change for different reasons, there might be a need to fund a particular project and that could easily change the budget figure for a ministry or parastatal or the presidency (which includes EFCC, DSS etc). So saying the presidency budget changed from 6bn to 39bn without highlighting details of why, that's an empty diversionary comment.

Thirdly, the over the roof borrowing is simply because of the low government income. I just read a report which stated that only roughly 50% of monthly revenue target was achieved in January 2017, that explains the reason behind the wild borrowing to stay afloat. And yeah, it's still not enough, even when Nigeria was making all the billions from high oil prices, how many projects could government commission?... Yet you expect a miracle now when revenue is low?...

And lest I forget, the main reason behind the blame game is cos the incompetent thieving rogues who plundered the nation and exposed us to the current crisis still have the guts to shamelessly keep opening their smelly mouths to blame the current govt which is struggling without success to resuscitate the comatose economy they handed over. Most of the blame game you see is purely in RESPONSE to criticism coming from the very same old rogues. Just to clarify, the only reason I'm talking about GEJ now is cos the dude I quoted erroneously, provocatively and ignorantly quoted that GEJ wanted to save but that Amaechi and co stopped him from saving.

BigIyanga:
Revisionism at its best.
All the governors got 48% of the shared ECA and about 30 states arent able to pay salaries for monies they had already collected. Oshiomole had to be approved of a loan by GMB in spite of the fact the he was a governor 6years before GMB came on board.
Ogun state is one of the least financially stable states with a negative cash flow.
Imo state owes salary for 12months..in spite of collecting their fair share.. FG used parts of its savings to bailout these governors on a couple of occasions.
As per cost of running govt, presidency budget went from N6.6bn in 2015 to N39bn in 2016-a whopping 600%.
Budget deficit is about 31%.. This govt has accumulated more debt in 2years than the last 6yrs.

Revisionism at its best??... I challenge you to point out a single sentence which I wrote above which is wrong?

What you have attempted to do here with your response is diversionism at its best WORST. We're talking of the failure of the FG to save a dime at a time the nation enjoyed an unprecedented oil income boom, an indiscretion which more than anything, exposed Nigeria and left us devastatingly vulnerable to even the slightest fluctuation in value of the only commodity we export. You argued it was the trio of Amaechi/Fashola/Oshiomole that probably used fresh voodoo to hypnotize GEJ's into not saving a dime. I deflated your theory and drew your attention to the fact that the FG still retained bulk of the ECA funds (~52%) and could have easily saved it if at all there was any will to save.

Now instead of remaining focussed on the argument and addressing the core issue at had, your best response was to start mentioning names of some sleazy APC governors and quoting presidency budget?... How exactly does this your digression address the issues I pointed out?

Oshiomole taking a loan to work in his state, how exactly does that invalidate the fact that the last admin refused to save a dime and left Nigeria exposed to terrible economic weather?

You claim the current government has accumulated more debt in 2 years? Oh yes! and the reason for all that borrowing is very clear. Due to the crash in oil prices, there's been an over 50-60% drop in the revenue accruing into the nation's coffers and in order to checkmate the recessionary effects, the wisest thing to do is borrow money to fund CAPITAL projects. But the real question you should be asking is, the last government which enjoyed UNPRECEDENTED OIL INCOME EXPLOSION, for what reason exactly did they have to borrow all that they did? ...and for what reasons exactly did they have to deplete the nation's reserves/savings which they met even though Nigeria made far more money at the time?... We all recall that by February 2015, they had to borrow over $2 billion to offset RECURRENT expenditure including SALARIES. How do you explain that?

@ephi123
Did you even read through our comment trail before you got excited and jumped in to endorse his diversionary reply?... I doubt you did, cos I know you to be more objective than this.

I'm confused! dont know whether to laugh or to cry.