Obailala's Posts
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KingAdeOluomo1:I'm sure you know how to read. |
tuale4u:The RED part of the pastor's statement says it all. The road will be rough, but at the end, there would be testimonies. Even the children of Israel lambasted Moses in the wilderness and lamented that they would rather go back to slavery in Egypt (as long as they could eat), but we all know how the story ended. Thread closed! |
Jadonjack:You should have told the HR person to go eat his own poo, he must be stupid. What's his business with your personal facebook page? |
sammhi:OBJ inherited a similar situation but fixed it; I don't remember you calling him a failure in 10 months or even 4 years, he was given time and he fixed things. Expecting PMB to fix what couldn't be fixed in 16 years under 10 months is very silly. Just imagine some kids the other day criticising PMB for poor power supply, yet ObJ spent $16bn and GEJ over $10bn, then some humans have the guts to call GEJ a god and then accuse PMB who only just got his first budget passed weeks ago for being a failure because of power supply? By the way, that OBJ inherited a forex reserve of less than $5bn, that isn't comparable to today. Things have changed - salaries have increased, workforce has increased, recurrent expenses have increased, the demand of ordinary Nigerians for forex has multiplied in hundred folds since 1999 to date. So it is pointless making that comparison. Foreign investors do not come to places where there is no money, I do not need to explain that logic to a grown man. There was excess money in Nigeria in the last 6 years courtesy of the super-high oil prices and oil income. Oil income disappears and the investors run away, very simple logic. Most investors have cited the refusal to devalue as their reason to go away; they have also cited the refusal of CBN to freely release forex to them to repatriate their profits, to hell with them! Devaluation will only explode their profits and multiply the sufferings of ordinary Nigerians - it has always been the case since under IBB when Nigeria started its devaluation journeys. Secondly, the CBN removing forex restrictions will only wipe out Nigeria's reserves completely. In the last days of GEJ, forex reserves dropped by $10bn in 6 months; trust me you dont want to know what happens to a nation when it runs out of forex reserves. But it's sad that supposedly grown up Nigerians cant see beyond their nose to know who the real enemies are. Finally, the agric programme started by GEJ is still in full force, more states governments are keying into the rice production initiative for instance. I don't know what you mean by abandoned except that is just in your imagination since you hate Buhari. |
tuniski:Enough of the back and forth, Nigeria is a mono-product economy and the fall in value of our only product is what is responsible for our ruined economy. The present government has the duty to steer us away from this mess but the fact remains that no magic can be done to achieve this on the short term. Wailing is allowed when people feel pain, but following critical thought, heaping the blame of this mess on the 10 month old admin is silly; especially when it involves asking for the return of the old admin whose failure greatly engineered our present woes. By the way, the lamentations of Buhari are only in response to the lamentations of Nigerians; as long as it is inevitable for Nigerians to lament went they feel pain, it is also inevitable for Buhari to lament that he needs some 'time' to make any positive change. Even the positive effects of the Dangote refinery you mentioned is a 'long' time dependent event. And while you strangely claim that this privately owned refinery is a 'smart leadership' achievement of the last administration, remember several licenses have also been issued 'cheaply' to several investors to build refineries side-by-side with existing refineries in order to enjoy shared facilities like pipelines (this is just to encourage investments). Forex has also been released indiscriminately to Dangote to hasten this refinery project. Regarding the exiting of investors, that is also a collateral effect of the oil price crisis. Investors want the Naira devalued so they can make mega profits (exploitation). The IMF and western nations have been hammering about devaluation, it is all for exploitative purposes. Some have also left after claiming that forex isn't released to them to repatriate their profits. The question I ask is, whose side are you on?.... Nigeria or foreign exploiters?.... Even while their existence may provide jobs and some revenue, the conditions they are giving for them to remain is purely exploitative and would further promote poverty amongst Nigerians even whilst they smile to the bank. You probably are amongst those criticising the government for restricting the release of forex?.... In the last 6 months of GEJ, our forex reserves dropped by $10bn. If not for these harsh restrictions, the meagre $27bn reserve would have been eroded by now and those freaking investors would still have left, but only after Nigeria has been run to the ground. Wake up from your slumber and identify who your enemies are. |
iamcourage:Counter the points I have made or hold your peace. Buhari may be senile or clueless as you claim, but booting out the last regime is something I have absolutely no regrets about. Just imagine a GEJ who couldn't handle economic boom being in-charge at a time of recession like this?... Tufiakwa! |
jeytee:And who is talking of state workers here? Na wa oh! ![]() |
jeytee:Name the workers. |
tuniski:No, that is layman uninformed economics, and you and I are not laymen. The nation has been hit by the oil price crash, several economic indices instantly turned upside down. After a few months, there's a change of power, the oil price continues to go down and the economic indices continue to fall. The layman on the streets gradually notices that things have begun to be difficult and in his intellectual 'innocence', he simply attributes it to the change in power. Now we have people who are educated also following this layman logic and you try to justify it as common sense economics? Meanwhile you claim you do not know it is an oil ptice issue, yet several other mono-product nations have also been hit badly. Any actions that can be taken to remedy this situation could only have been done way back in the past or if done today, the benefits can only be reaped much later. For the sake of political expediency though, you prefer to act ignorant of this, and you heap it in Buhari's head. That is your choice though, but like I said, things may not be good now, but I have no regrets in turning the wheel of change that removed GEJ. You are free to vote out Buhari in 2019, no one cares. |
NgeneUkwenu:But Ngene no vex oh, why do you even hate this Saraki man so much? |
sammhi:The situation Nigeria finds itself in today is inevitable. Nigeria is a mono-product economy and the only product we sell is almost valueless today. If anything could have been done to salvage this, it could only have been done long ago. Any other thing that can be done to salvage the situation will only take a long time to materialise. I dont expect humans who think from the shithole to understand this though. So swerve! |
tuniski:Oh yes, people will groan because they feel pain, people will also wish the former man had continued because the pain was definitely less when he was there; this is normal human behaviour. But then, that is just simple-mindedness, it is allowed for simpletons to reason this way, but I am not one. I would have wasted the entire funds spent on my education if I allow my self to analyse and judge situations using this straightforward but shallow logic. If the almajiri cobbler or okada man on the street analyses situations in this way, I would be betraying my education if I also think in the same line. |
ldpele:No matter the situation, I have no regrets whatsoever for removing the former leader. A man who couldn't manage a nation with plenty can never be able to manage it in penury. His last 6 months was a clear pointer to this fact, but simple minds instead of judging his performance based on his last 6 months when the oil crisis started, are judging based on earlier periods when there was unprecedented oil income; not a smart thing to do at all, but are people really smart? |
Deen77:Absolutely! The curious case of a manager paying millions for house rent instead of building a house. Now he loses his source of high income and is forced to live under the bridge with his subjects. But his subjects are blaming the new economic managers for not giving them the very same million life treatment they enjoyed previously when their source of income was booming. They now turn around to blame the new economic managers and totally absolve the former prodigal manager of all blame. "After all when he led us things were good, so therefore he was definitely a better manager" |
OBj sef... ![]() |
tuniski:Just like I said earlier, only simpletons would compare Jonathan of Pre-2015 to Buhari of today (with the attendant oil crisis). There was a large inflow of forex into Nigeria pre-2015 and when there is excess money, the economy will always look good (purely common sense). The only reasonable way to compare GEJ to PMB is when you compare the last 6-7months of GEJ to Buhari's era. I don't expect simple minds to understand this though. But contrary to what you wrote up there, the lameness of not considering the effects of oil price when analysing the economy of a mono-product economy is legendary. Once again, the reason why the single woman you mentioned was able to supply fuel across the nation was because there was excess money (excess forex inflow) available for that. If you doubt me, may I remind you that when Nigeria started feeling the heat of the oil price crash, the FG couldn't meet up with it's obligations to oil importers and we had the worst fuel scarcity ever in history (offices, banks, etc were shutdown because they couldn't obtain fuel anywhere no matter the price). That was in May 2015 and I remember buying fuel for as much as N400/litre. You may have selective amnesia but that happened under the same Diezani woman and the reason was due to the oil price crash. The lameness of not seeing the link to oil prices here is legendary. On the Naira crash, this is obviously another case of selective amnesia. When oil prices began to drop, the Naira crashed from ~N160 in October 2014 to N220 in May 2015, that is a crash of over 35% in 7 months even though oil still sold above $60 in May 2015. Today the value stands at ~N320 to $1 (forget the N400 price, it was only artificial and lasted less than a week); at N320, that is a crash of 45% in 11months. You claim buhari (who sold oil for as low as $30) is solely culpable here but your Jonathan (who had oil still selling above $60) is totally absolved of this incompetence tag and you also think oil price has nothing to do with it?.... Once again, the lameness of you not considering the direct effects of oil prices on the value of the currency of a mono-product nation is legendary. Regarding the job losses, there would even be more and it is a gradual process. When the oil prices began to crash and the nation started losing revenue, it would be silly of anyone to expect the entire negative effects to unfold immediately. NOI predicted the present economic woes and warned Nigerians to tighten their belts. This was even when oil still sold above $70. But in your legendary lameness, even though oil later fell to below $30, you think it is Buhari that is responsible for the job losses of today because you think it did not all unfold under GEJ. Once again, only simpletons reason the way you do. To the average simpleton, "things were good under GEJ, things are bad under Buhari; so therefore, Buhari is responsible for our woes." It is unfortunate that some of those who think like this are actually educated to university level. And by the way, what did you mean by the statement about Buhari being unable to borrow with his globe trotting?.... The FG is comfortably paying its workers' salaries and it doesn't need to borrow to do that. Or are you by chance saying it is an achievement to borrow money to pay salaries? |
McCarlito: ![]() |
This story get K-leg. How many years the man be na? |
booblacain: tuniski:I have no regrets booting the old order out because the present economic conditions would have been worse if Gej had continued (I can swear on that). The nation's forex reserves were dropping at the speed of light (losing $10bn in his last 6 months in office), the FG was unable to pay salaries and had to borrow to pay just salaries, fuel subsidies were owed to marketers in his last 8 months leading to the worst fuel scarcity in Nigerian history in May 2015 and all this happened when the oil crash just started with oil still selling above $60. May I also add the story of the Naira crashing from N160-N220 within this short period also. Obviously, too many people weren't observant enough to notice these things, whenever you think of GEJ, your mind flies to 2013/2014 when oil sold for over $110. Believe what you may want to believe but Nigeria's present economic woes are simply caused by the low oil prices and the stubborn tight-fisted disposition of PMB is part of the reason why the nations still stands today (it would definitely have been much worse). You dont want to imagine what could happen to a nation if it runs out of forex reserves. The above explanation would definitely not be understood by a simpleton cos all they know is that "when GEJ was there, things were okay, but now, things are hard;" they obviously do not have the intellectual capacity to factor in the oil prices saga in their comparison. I believe we are all educated folks on this forum and we should be able to make informed comparisons (not like the simpletons). For anyone with the ability for critical thought, the economy in the last 6 months of GEJ is the only reasonable period to be used for comparison. From my own judgement, a bad time like this is definitely not a time to be led by a GEJ who couldn't assert authority or take charge of the nation's resources; we could have been begging for food by now. So yeah, take it or leave it and this is my opinion, Buhari and his gang may not be living up to expectation, but I have absolutely no regrets booting out GEJ especially at these bad times. cc: BushidoBlue, iamcourage, |
Repentant murderers? ![]() |
iamcourage:Nothing new has happened. Nigeria is still a shithole, people are still suffering and Nigerians have every right to complain. But the fact still remains that we were saved from worse calamity by the booting out of the old order. |
drss:GEJ met about $20bn in the ECA account in 2010 and up to $40bn in forex reserves.. by the time he handed over, ECA was bout 2.5bn and forex reservewas about 28.6bn. Go figure, it is general knowledge. I find it appalling that people with no idea would just jump online and start arguments on issues they know next to nothing about. |
drss:You meet over $20billion in a pot, after 5 years of high income, you leave $2.5 billion in the pot. How is that savings?.... Abi una dey save backwards for ur village? ![]() |
DauraDullard0:People protested because the govt of the time was too irresponsible to do the right thing which was to go after the perpetrators of the subsidy fraud. If the govt of the day then showed the slightest commitment that it was going to sternly pursue the subsidy thieves, Nigerians would have had a reason to trust the govt and sacrifice their comfort. Meanwhile if history is revisited, you must have been amongst those that protested in 2012. |
drss:We are talking of the ability of the FG to save not states, all the states were irresponsible from PDP to APC and the FG was most irresponsible because it even received the giant share of over 50%. Meanwhile the buffoons you support in PDP wakes up in 2016 and claims Amaechi was the one that prevented a PDP led FG from saving money. How much dumber could an excuse possibly be?.. Tufia! ![]() |
theshadyexpress:Oh, now it has become a case of running a deficit budget?... How come you didnt remember there was a deficit budget all these while?... Instead you chose to argue back and forth about APC being responsible for PDP being unable to save?... So much for your own 'objective reasoning ability.' If you have forgotten, just take a second look at the title of this thread and your own reasoning ability (or should I say reasoning disability) would flash you in the face. CASE CLOSED! |
drss:Like I said earlier, even when you count out the PDP governors who later switched to APC, there were still much more PDP governors in the governors' forum. If the PDP governors as you claim were not in support of sharing the money, kindly tell the house why the PDP governors also collected their share?.... Also kindly tell us why they didnt save their share when they received it?..... Finally, kindly tell us why the PDP FG couldnt save its own lion share which amounted to over 50% of the total funds? No offence but this has to be the lamest excuse or the lamest attempt at shifting blame since this political dispensation. I wasn't expecting anyone to try and defend this. |
theshadyexpress:More than anything in the world, you need that sense you are offering me, even if it's just a little. Please tell us how it is APCs fault that the PDP government couldn't save?.... No offence but this is the lamest accusation/blame game ever. How could people be so silly? Leave all these your pointless rhetorics about Peter Obi saving money and what not. The money in question belonged to the states and FG, states collectively said to the FG, "give us our share while you can save your own share." FG's share was more than 50% (so that's quite significant), so please explain with a sensible logic how it is APC's fault that the FG squandered its own share. How is it also APC's fault that the PDP states (who as you claim did not want to take the money) also received their share and squandered it (save for Peter Obi of APGA then)? |
theshadyexpress:The money belonged to the FG and states, FG held the funds and it was evident that the FG was deeping its hands into the funds hence the states asked that the FG should hand over their own portion. Now there are 2 points which deflate the buffoonery of this 'blame game' by PDP: 1. There were far more PDP governors involved in this clamour than the opposition governors at the time. But the PDP now says APC governors were responsible. How convenient! 2. The FG still retained well more than 50% of the ECA funds as its share. Can you kindly tell us why that portion wasn't saved?... Was it also APC influence? |
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ar u talking about sanusi's imaginary missing 20 billion