Obailala's Posts
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Clinton9000:Jesus is Lord!LoveMachine: Niger Deltans are always sharp. Their clothes are niiiiice!Nothing like Niger Deltans dressing ok...you yoruba and division. Joseph Yobo is from Igbo heritage part of Ogoni, he speaks Igbo dialect understood by Igbos and her wife Adaeze. Of course Easterners people dressing are gorgeous even the colonial whites talked about it, particularly Igbo combination of red hat and red necklace and band. ****Dress like uncivilized people. For your information, Ijaws, Abiriba people in Abia and Ibibios also dress like that with the hat. We are One Eastern people before the division. **** ![]() "Many are mad but few are roaming," nothing more confirms this saying more that what I just quoted above. I'm sure even LoveMachine would be wondering what he did wrong here. Lawd av merci! ![]() |
Emyogalanya:The Ugu exports might be individual efforts like you said, but it all adds up; it's all about foreign exchange (forex) coming into Nigeria. The money mustn't go to government, as long as forex comes into Nigeria from outside, it helps our economy. Even Nigerians living overseas who just send dollars to their family back home, those dollars they send helps the Nigerian economy cos it counts as forex coming into Nigeria and it helps reduce the scarcity of forex in the country. The mother of all the problems Nigeria is facing presently is that oil is the biggest source of forex inflow, and now oil prices have crashed, meaning that we have much less forex flowing into the nation. If every other state can tap into the Ugu initiative, export Ugu or any other thing that can be exported to increase the sources of forex, then the present problems in Nigeria will be over; that's the diversification we talk about. |
PaulIdu:A country loses almost 70% of its income but someone who prides in the effectiveness of his own brain thinks oil price isn't a problem but rather Buhari is. Mr Brain, we have gone past the political season where we link everything to political sentiments and betray common sense. Anybody with a bit of intelligence knows what the biggest problem in Nigeria is today. But then, I don't have the strength to go back and forth with emotional folks or unintelligent people, so YOU WIN! Buhari is the one responsible for Nigeria's present economic downturn, we should have voted Jonathan to come and transform our lives, a man who couldn't transform anything when there was excess, maybe his goodluck could have miraculously transformed things now we are in lack. |
emmatony:So in effect we still haven't eradicated this disease?... Disadvantages of the north east being a war torn region, health workers couldn't get to these places. @Op, try and paragraph your post appropriately to make it readable. |
searchng4love:So much for the wisdom of a person insulting others! It's only a fool that will throw away his only source of income because he 'believes' he needs to get more income sources. My point was very simple and commonsensical, diversification does not mean you should abandon your present source of income; diversification means seeking additional sources of income whilst you still maintain what you have. |
It is pathetic how people keep making comparisons about how Nigeria's economy was wonderful under GEJ but now dead under Buhari; while these people claim to possess some intellects, one can't help but wonder why their intellects doesn't put the drastic fall in oil prices into consideration when drawing up their analysis about a country whose income is 90% from oil. |
searchng4love:Diversifying the economy does not mean abandoning your only source of income; for example, I presently have a paid 9-5 job which meets my daily needs, but I still desire to open more sources of income by the side. My desire to create other sources of income to supplement my salary does not mean I should resign or stop working hard in my present job. Oil prices are down from what it used to be, but that does not mean oil is USELESS. There is nothing wrong in trying to expand earnings from oil by continuing with exploration activities. |
lagdmark:If that happens, there would be wild jubilation in ipobland. But sorry, it ain't gonna happen, African politicians dont do that. |
Mboi:What is my business with you lots and your thieving politicians?... Give me good roads, hospitals, light and security, that's all I care about right now. |
Emyogalanya:Nigeria is blessed with oil, but the oil turned out to be a curse as it made us as a nation to abandon every other means of income generation and relied only on oil. How come SA was able to overtake Nigeria even without oil? Ans: There are very very many sources of income for nations besides oil, SA relies on several other sources for its income. If only Nigeria diversified its economy to other sources of income e.g. solid minerals, agriculture, etc., we wouldn't have been in the present mess we find ourselves today. How did SA overtake Nigeria? Ans: Nigeria's economy is tied to oil, as soon as oil prices began to drop, so did Nigeria's economy, our GDP and the value of the naira. As at January 2016 when the official Naira rate was N200 to $1, if you had N100,000, it means you were worth $500. But as soon as the Naira was devalued by almost 50% in June to N300 to $1, it means you are now worth only $333 instead of %500. Nigeria's GDP was worth over $500bn, the devaluation instantly reduced it to ~$296bn, making it less than the $301bn of SA. Why is Angola worse off than Nigeria even though they sell more oil? Ans: Oil is worthless almost presently; Angola makes almost 97% of its income from oil; Nigeria makes roughly about just 90% from oil. We also have other little sources, e.g. cocoa, Ugu exports etc. We can't also rule out the bad leadership of Angola. |
Mboi:who is this hungry soul mentioning my name this early morning? |
ajepako:Fashola is not the one blowing up pipelines. If you and your ilk like, you can keep blowing up or applauding those blowing up gas pipes so you can have a shot at Fashola; but that will not be used to judge his performance. And enough of this "GEJ left 5000mw yap", the last time I checked, the capacity has even risen above that now to 5074mw. What matters most is not what we are capable of producing, but rather, what we are producing. As at the time of handover in May 2015, Nigeria was generating a measly 1327mw, that is even lower the 2500 we have today. I'm sure you had no idea of that but that is exactly what your Gej handed over to pmb. So quit this baseless "Gej left 5000mw talk". |
wowmenow:Very good question. At the start of the drop in oil prices, Saudi Arabia had about $739 billion in foreign exchange reserves compared to the less than $40 billion which Nigeria had. Also, Saudi Arabia has a population of just about 30 million people compared to Nigeria's 170million. Permit me to also add the mega bucks Saudi Arabia earns from religious tourists who troop into the kingdom regularly from all parts of the world for pilgrimage. I hope the above answers your question. |
mrvitalis:The unintelligence is actually intentional, most of these guys opening these threads aren't actually dumb in reality. Most times they just feign ignorance for argument's sake; although we can't rule out the fact that sometimes, the trauma of their election loss actually gets on the way of their objective reasoning. |
Emyogalanya:1. If Mr A picks up a knife and pierce Mr B's heart today, then Mr B gives up the ghost after doctors battled to save him for a week, does it make any logical sense to you to say the doctors are solely responsible for his death?... Saying Jonathan is not in the economic team is as illogical as claiming Mr A has no question to answer. 2. South Africa doesn't have oil as their source of income, so this question about SA and oil is strange 3. Ignorance is the only reason why anyone would be asking why the economy of Angola is not upside down. A little google search would reveal how bastardised Angola's economy is presently; of all the countries having oil as their main source of income, Nigeria seems to even be doing best in the present oil price crisis. |
blueto:Mr English speaker, go tell your baseless tales to your ilk... According to your infinite wisdom, 1. APC engineered the fuel scarcity before election even though PDP was in power 2. Fuel scarcity after election and before handover was also engineered by APC 3. After handover, the fuel scarcities Nigerians suffered were also engineered by APC WHen asked to substantiate your amusing allegations, you keep presenting links to a statement made by FFK, the PDP campaign manager at the time. WOnderful reasoning!... I think you should be clapping for yourself!... In all these you did not for once even give an iota of regard to the fact that petroleum importers were being owed the bulk of their subsidies since 2014, this was the exact reason the marketers gave for suspending their imports. But NO, Mr Wise Guy SPeaking English has a better theory, according to him, FFK says it was APC. You should try and listen to yourself. |
blueto:The major fuel scarcity last year which enveloped the entire nation happened in May, even a primary school pupil in a rural area without access to the internet can attest to that. It's pathetic that a person who prides in your level of English is incapable of comprehending this simple message. Even upon the number of news web links I offered to buttress this point, you are still fixated on your baseless 'blame game' argument that "APC caused scarcity before election and the scarcity cleared after election." You are free to keep teaching us new vocabulary even whilst you sustain your pointless argument. |
blueto:Several things which could possibly be your problem; it's either you were ignorant of happenings in Nigeria, or you are suffering from chronic amnesia (probably intentionally). The real hard biting fuel scarcity suffered by Nigerians last year was in May 2015, a month after elections were already over. The reasons behind the scarcity are well known, importers were being owed and they feared the incoming regime may default in payment. You asked if the fuel scarcity persisted after APC won, and I am telling you I know of NO major fuel scarcity which happened before election; if that was the case, it would have been a major campaign argument by the APC at the time. The fuel scarcity at the period was well after the elections, and it was the most crippling scarcity in Nigeria's history with even several banks closing by 12pm for lack of generator fuel and airlines suspending operations; only a non-Nigerian or a person with amnesia would argue over this fact. Here are links for your consumption below highlighting the bite of the scarcity in the month of May: http://www.premiumtimesng.com/news/top-news/182978-fuel-scarcity-may-persist-beyond-may-29-major-marketers.html http://www.bbc.co.uk/news/world-africa-32873349 http://allafrica.com/view/group/main/main/id/00037030.html http://www.vanguardngr.com/2015/05/fuel-scarcity-capital-oil-breaks-ranks-to-release-70m-litres/ |
blueto: ![]() You just repeated what I said about 'importers being owed' and then you go ahead to say 'LIES'?... Are you oblivious of the meaning of the word 'LIES'? ![]() By the way, your desperate attempt to put blame on the new government is very very lame and pointless... As at the time of the scarcity, campaigns had already ended, APC had already won the election, so what logical sense does it make for APC to start bombing their own pipelines or sabotaging fuel supply?... Wake up man! |
engrhorla:Once you branch off the Benin by-pass into the road, you would see signs of planned dualisation for the first at least 400m. |
Jirate:The last time I passed the Benin-Auchi road was mid-2014, only about 400m of the road had been demarcated (not dualised). I hear the contract was since abandoned and the road (especially the Auch area) is in a horrible state every rainy season. |
blueto:When you are not in the know, asking should be a virtue instead of accusing people of lying. Besides, the hard biting fuel scarcity which Nigerians experienced before handover was in May 2015, long after APC had already won the election. I don't know what planet or country you live in to not know this or to argue over something which happened just last year. Nigeria hit by fuel shortage as marketers cut imports over unpaid subsidieshttp://www.platts.com/latest-news/oil/lagos/nigerian-fuel-marketers-say-still-owed-315-mil-26067047 The owed money was eventually paid in Dec 2015. http://www.reuters.com/article/nigeria-oil-subsidies-idUSL8N13Y47E20151209 http://thenewsnigeria.com.ng/2015/11/buhari-approves-n413b-subsidy-payment-to-oil-marketers/ |
madapcmod:I never accused any minister under gej of being responsible for the darkness, or being responsible for the blowing up power station gas pipelines. |
Jirate:Too bad that he couldn't do many more portions, or even other roads. Nigerians don't really need so much from the government, just some little patches here and there and everything would be fine, but leaders keep patching only their pockets and the pockets of their friends. |
blueto:Fuel marketers/importers were being owed their subsidy entitlements by the FG for 9 months (since August 2014), they suspended importation, FFK the head of GEJ's campaign team at the time blamed APC for the importers stopping their importation, and here we are, someone thinks that talk by FFK was sensible?.. And you think your line of reasoning isn't 'spurious and illogical'? |
madapcmod:Fashola isn't the one blowing up gas pipelines. |
HIGHESTPOPORI:Buhari made the subsidy claim long before he even won the election. The oil marketers/importers were being owed entitlements for 9 months by GEJ (since August 2014). Just before GEJ handed over, he still refused to settle the marketers, and that was why they decided to halt importation since they were unsure of the plans of the incoming regime. Kindly tell me how owing importers for 9 months was Buhari and not GEJ's fault?.... By the way I'm sick and tired of these blame games even in 2016. |
PaulIdu:The bolded part of your message above is where I totally believed Buhari goofed; you do not use a sledge hammer to kill a fly that perches on your scrotum, not especially if you intend to have kids soon. Going after Tompolo and co. was a very silly move by this administration, there were countless other corrupt people the government could have gone after, not this particular fly perching on the scrotum. The other parts of your message I do not agree; the increase in tariff was part of the power sector privatisation roadmap, it wasn't Buhari's making. Secondly, the increase in fuel price occasioned by the removal of subsidy and withdrawal of subsidised forex to importers was an inevitable evil considering the state of the nation. Could you have suggested a better option? |
blueto:You made 3 points, but they are all flawed 1. The fuel scarcity experienced before the handover of GEJ actually occurred AFTER Buhari/APC had already won the election. Does it make any sense that APC would sabotage fuel supply or power supply even after they had already won? 2. Price of oil as at May 2015 was actually about $65 (not $70); you are a bit right about oil price being lower, but 65/70 isn't a big difference. 3. The same people who accuse APC of blame game still turn around to say Amaechi and Fashola are the ones who forced GEJ to share ECA, such amusing hypocrisy. And one begins to wonder whether these same governors didnt also pressure OBJ and Yaradua (even with court cases) to share this same money. now let's assume GEJ yielded because he is a man of peace and due process, the fact remains that states only took their share of the money, they took what belonged to them while the FG still kept the bulk (over 52%) of the total ECA funds. Since we love these baseless blame games so much, kindly tell us, was it also these 2 APC governors that forced the FG to squander its own 52% share of the ECA funds? |
hopilo:And who says there is no seismic prove of oil in the Chad basin?... Just to the north of the same basin (outside Nigeria's boundaries), Chad extracts commercial quantities of oil from the same basin but you really think there really isn't any seismic prove of a drop of oil (commercial or non-commercial quantity) in the Nigerian side? |
JimiOgunlola:Lol... Please kindly point out one of their news 'which they broke first' which eventually turned out true and entered newspapers? The example you gave buttresses the point I was making about Trent churning out only crappy primary school propaganda which appeals only to their selected low IQ gullible anti-buhari disgruntled audience; while other investigative media houses reported that Buhari had an ear infection, Trentonline churned out its own version claiming that London doctors diagnosed him with ear and brain cancer, an ailment which needed major surgery to fix. ![]() Meanwhile wasn't it this same trentonline that claimed Aisha went to Qatar last week not US?... Earlier in the week they also claimed Aisha was spotted with N40m Hermes bag in the 'US.' Very desperate confused jonathanian plebs, a website created solely to 'avenge' GEJ's election defeat Of course they dont need anyone's validation to sell their cow poo propaganda cos only their clients 'mainly' from the east of the Niger takes them seriously anyway. Just for your info, they also have similar sister sites like breakingtimes, guardiannewsusa, igberetv, ipob. org, hopefornigeria etc. ![]() |
Esseite:I think you are right, we need to start doing things the right way in this country. In 2011, Jonathan declined a debate with other candidates and ended up attending a sole hoax debate with d'banj; he was voted in and he messed Nigeria up for a further 4 years. In 2015, it was Buhari's turn to evade the debate, he won ![]() |
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