₦airaland Forum

benedictnsi:
[size=18pt] I NO EVEN TRUST THE FACES OF THOSE MEN WEH D RECIEVE THE TIN SEF....... [/size]

Sam0:
my problem is that most people are not aware of what is happening across the world,if any thing goes wrong in Nigeria is Buhari that caused it that is all they know. Brazil, Venezuela, Russia and many other countries are facing d same problem we are facing in Nigeria.Nigeria's own is even better,most families in Venezuela did not celebrated Xmas last year due to their economic problem.look at the number of people that travelled for Esther celebration in Nigeria yet the wailers will still be wailing that their is no money if money come dey nko? una go travel out abi? is time we should know that Buhari is not the cause of What we are passing through.He deserves our commendation and not condemnation. God bless Nigeria.

ephi123:
All I know is we have not had it this bad as a country, and to add insult to injury, Buhari would travel out of the country during a crisis period like this. Which responsible leader does that? In other countries, you would see the Prime minister cutting short personal holidays when any major thing goes wrong, Parliament reconvening just because a major steel company which would cause job losses is about to be sold off; yet the Nigerian president deems it fit to act deaf and dumb while the whole country is groaning under the scarcity; he did not deem it fit to call a broadcast/explain the situation and apologize for it, he did not deem it fit to declare a state of emergency, rather he deemed it fit to travel. I was a pro-Buhari supporter before but not any longer. He is a highly insensitive president.

Guyman02:
The 50% is what PMB met in the 'empty' treasury which has been spending since May 29

OLADD:
Still shows you've made up your mind to have your conscience sold to Satan permanently. Every discerning mind knew Jonathan's govt was sabotaged by APC agents towards the tail end of his administration hence, the 1327MW. One thing you'll toil all day to dispute is the fact that the foundation for the 5000MW attained few weeks into Buhari's deceitful govt was laid by Jonathan but as I said earlier, Buhari failed to consolidate on that achievement due to his kindergarten policies.

In the case of Obama, contrary to your mischievousness, it was your lying president (Buhari) that started the blame game when he hoaxed the world with the tale of empty treasury. Nigerian economy is now on ground zero due to Buhari's directionlessness, incompetence, unpreparedness and absolute naivety. A man that spent 12 years fighting for the presidency should not take 10 months to find his bearing in govt. Simple.

eLcastro:
nice point.,but when you remember hw much security vote was taking away...u will be shocked....now am not say GEJ/NOI was the best or will be the best Nigeria will ever see...but best believe that team really had good objectives...they were jus nt political enough

2sexycom:
I wanted GEJ out but that does not mean I shouldn't speak the truth when needs be.

Were we buying fuel at 200 per liter during GEJ's tenure? Were people sleeping at feeling stations? Were cost of goods and services as high as it is now?

Was dollar as high as 300 naira? Did we had massive loses of jobs?

Man, this is no longer logical reasoning but sycophancy as you have displayed here and it's apparently unpatriotic to take such stance.

Buhari has been traveling with scarce foreign reserve and $23million has been spent. Hope you know what $23Million can do to our power sector? Hope you know what it can do to education, health, industry and other sectors if it was spent on just one of those?

He keep talking about corruption as if we are not aware but is that a more reason to bring the economy to its knee?

Please learn to separate sentiments when discussing issues like this, after all its the family that benefit most from their regimes, not the man on the street.

2sexycom:
Mr man, he ask a question. You should have answered him with logical statements, not beating around the bush.

obailala:
Oh yes, I am enjoying my change very much, the most important part of the change I enjoy is knowing that GEJ is history and seeing his confused supporters wail endlessly. Just imagine a man who spent trillions of massive wealth but the nation has absolutely nothing to show for it in terms of power, health, jobs etc, yet his confused bigoted supporters expect me to regret voting him out.
As for any hardships being faced today, I am not an empty skull so I am fully aware it is all caused by the drop in oil prices and any remedy to it as regards diversification of the economy would take a substantial time (I am patient). When I supported Buhari, I knew I wasn't supporting a miracle worker hence I am not expecting a miracle overnight. I voted for change not magic and I don't expect 16 years misrule and ruin to be fixed in a year.

TippyTop:
[s][/s]

Enjoy your change in darkness.

ephi123:
This is not just about forex. This is about every damn thing going wrong in the country, no fuel, no power, inflation out of the roof. Buhari is not managing the economy well, that is a FACT.

TippyTop:
Fashola is meanwhile using the much maligned template of last administration.
Thought Fashola bragged he would fix the energy sector within 6months?
If anyone needs to be blamed, I think it should be solely on the shoulders of that APC heavyweight known as Obasanjo.

OLADD:
It's better you keep quite if you don't have anything meaningful to say. It was not Jonathanians that started the blame game but Lai Mohammed, Buhari, Tinubu and other irresponsible APC leaders who scammed Nigerians to get power. Obama inherited an almost failed United States but he never for one day blamed his predecessor for the rots. Instead, he hit the ground running and the rest is now history. If you care to know, the result of $10b allegedly spent by Jonathan on power is the all-time-high 5000mw generation capacity inherited by Buhari and his directionless govt but he failed to consolidate on that feat due to his ineptitude, naivety and gross incompetence. A govt that brings hardship on its citizenry in just 10 months deserves to be criticized and condemned. Retrieve your conscience from Satan.

TippyTop:
...
I hope you're enjoying your change?

TippyTop:
When electricity improved in June last year, you lot attributed it to Buhari's body language. When we warned you people that Buhari was taking too long in appointing ministers your ilk called us names.
I hope you're enjoying your change?

helphelp:
Should the past GEJ administration really be blamed for the present hardship in the country?
What if the past election was won by GEJ, would the current situation in the country be this bad?
Please drop your comments with reasons.

TippyTop:
APC have spent 10months blaming GEJ, when do they intend on starting their own work?

Standing5:
You mean with oil at ~$35pb?
I would suggest SCADA (an automated supervisory system tech) for monitoring both pipeline supplying fuel and power transmission lines if the govt is financially buoyant enough right now.
SCADA is what advance countries use to detect problems with long distance systems like pipeline network or transmission line networks. It involves getting vital signals like pressure variation, current variation, or voltage variation within the apparatus in question and using such event to trigger an alert that shows that things are not in order to a central location in via GSM or mobile network or satelite relays. We have GSM networks already. To me, that's like 50% of the task already done for us.

luvinhubby:
We warned you people but you refused to harken to our warning.

What did you expect to see in the combo of two EXTREMISTS, one a bigot & the other a thief.

100Cents:
Shey Buarri can fight cabal ?

Why did he remove subsidy and re-introduce subsidy again ?

I am not supporting the sharing of the ECA funds though.

ephi123:
God forbid bad thing! The intense suffering people have experienced in the last few weeks is not something any country can survive for TEN YEARS. Haba. Is it a crime to have been born a Nigerian? Buhari has NO clear economic policy, that is the sad truth.

kingthreat:
A leader who doesn't think of the negative impact his policies have on the people and the economy is not fit to be a leader.
Buhari, I pray the doom of banning forex actualizes right now so these dunces know what they're doing is wrong. If it delays longer, it will spell worse

chiefobdk:
being a zombie u 're damned

chiefobdk:
please stop talking trash. Nigeria is not a mono product economy. there 're lots of moribund companies that could be revived by economic policy. there 're lots of companies that perform below capacity since this apc government due to bad policy.

the ground work has been laid. all the government need do is make sound economic policy then woo more investors.

tuniski:
Devaluation today won't increase inflation and certainly won't return all the jobs that have been lost. It will however create a stability needed for investment and planning. It is already late devaluing officially cos the harm has been done. We could. Have been on say 225/230 before now. Today, devaluation will leave us at about 300naira. That is how stubborn buhari is hurting d economy.


I pray buhari/apc find some mojo! The economy is in terrible shape not simply cos of falling crude price but, poverty of ideas!

jeytee:
Truth be told...I never supported Goodluck to return and I wasn't too sure of Buhari either...it was sorta like a devil and the deep blue sea type ish..a lot of Nigerians fell into this predicament...and most chose Buhari with the "make we see Wetin he wan do" condition...I don't and didn't expect much from Buhari...hopefully we'll have more reasonable candidates come 2019...If Buhari continues like this.sorry but he might have to leave

tuniski:
It is my speciality (finance) and I don't like doing the jargons cos we will remain on a spot. The bottom line is simple there are various approaches to tackling the forex and other economic issues. However, having contradictory curtail of principles and philosophy will only worsen our situation.
This govt lacks clarity which is creating shocks leading to damaging consequences!

I just marvel at the way forex is being played for political correctness. We have a balance of trade deficit and it is normal for our reserve to deplete. However, the denial of govt on what constitute forex demand is simply making buhari think statism is the way to go.

The naira has been devalued cos a sustained depreciation is involuntary devaluation. The failure of buhari and his team to accept this is what is leading to inflation, job losses,fuel scarcity and the overall recession. Let buhari stop being strongheaded and naive!

jeytee:
Lol...ok sir...me,some fellas and goodluck are gonna start a band soon...our name should rightly be good luck and the wailers..watch out for our first single titled zombie...

Buhari is claiming now that the problems Nigerians are facing are as a result of pdp..who is wailing now?...pdp left power about 8 or 9months ago...and they're still being accused...Buhari has failed whether or not you accept it

jeytee:
Ok Mr fish brain...lets talk about fg then...what has your Buhari achieved so far?..even his so called war against corruption is it really a war?...he will be jetting off to China soon..leaving Nigerians in their misery

jeytee:
....you are clearly a Buhari zombie...

jeytee:
Who disburses money to state level?
..who should ensure the money meets its intended target?...who does the burden go to when a state is broke?...

jpphilips:
Kachikwu should go for leadership training, he is smart no doubt but he has no depth in information dissemination, look at that press release and tell me if it makes any sense.

First, you don't have strategic reserves so no shock absorbers for any supply shortfall, what are you doing about it?

Second, PPRA will have to increase pump price not to reflect eventualities in the global crude price like you claimed after all, crude price is dipping further, but the fact that you are returning the marketers you sacked previously since it has dawned on you that NNPC can not maintain supply 100%.
It was not a mis calculation on your part because you hoped that the refineries will supply 40% while NNPC imports 60% a capacity you thought was sustainable not till miscreants in the creek bombed off the two refineries feedstock lines thereby squashing your plans for 40%.

You have tried 100% supply last month and you have realized how disastrous it turned out and now you have returned the marketers who will present unrealistic margins that will attract another form of subsidy, the least of it being exchange differentials, once the CBN delays their forex requests, they are gonna source it from the black market which will soar their subsidy demands so you must brace for this challenge.

You intend to bridge the margin by increasing pump price, that will have serious political consequences because nobody will listen to increased price at a lower crude price.

Again, if the CBN continues to supply forex to them, it will mount serious pressure on our balance of trade and I tell you it is not sustainable which will bring us back to the circus where we started.
Our only chance of having import availability with less Forex pressure is implementing the DSDP you proposed two months ago, I did not read when it is going to be implemented.

This half half information is not helping the image of this administration, you need to talk to Nigerians like kids because these PDP urchins are not far from m0r0ns.