₦airaland Forum

'Una weldone o'

labakeJ:
Which plp? U need cane ba?

Go to Church...

Alright, For the Unilag Freshers group on whatsapp add this number .........Ayanfe, Lisa and my people, I see you all.

SOURCE: http://www.punchng.com/opinion/slump-in-oil-prices-a-progressive-way-out-1/

Awash in the great tide of politics, we must not forget why politics can be a noble endeavour. It leads to governance. When done correctly, governance can reform a nation and improve the lot of the people. In the hands of the ignorant and the mean, governance casts abundant misfortune upon a nation and upon the welfare of its citizens.

This commentary concerns governance and policy more than it does politics. I offer it to generate debate on an important economic issue. No matter who is in power, we must do whatever is in our capacity to do to steer the nation away from economic woes. The people have suffered too much hardship already. Neither side of the political divide should seek to purchase transient advantage at the high price of dousing the people in greater economic calamity. Thus, I suggest this progressive position on how best to shape economic policy during this period of falling oil prices. I state this hoping those in charge will take pertinent advice from any quarter. My prayer is that they are not so stubborn as to adhere to a strategy that will deepen the economic misery of our people even when better policy measures are proffered.

I confess to writing this also for a reason essentially political but non-confrontational. It accentuates the distinction between the conservative Peoples Democratic Party and the progressive All Progressives Congress. The nation faces momentous elections when next year turns to its second month. The choice is a stark one; but many people do not believe as such. The differences are vast especially regarding economic policy. On the one side, the PDP champions a conservative, elitist economic model based on the theory that wealth money must first go to the already rich and well-heeled who shall determine how small a fraction of it will trickle down to the rest of society.

On the progressive side, we believe government can fillip economic growth and development in such a way that brings the fairness of prosperity to all of society. We don’t seek to penalise those who already have but we will do our utmost to remove from the clutch of poverty the bulk of our people. We seek to turn the hungry suffering of our poor and working classes into a dignified livelihood that provides a dignified existence for all.

Global oil prices have fallen from over $100 a barrel to approximately $80 per barrel. This slide has caused a corresponding drop in government’s dollar revenues. With this, the Federal Government claims it has less money at its disposal and the paucity of dollars necessitates austerity measures. Most people accept this position as gospel; debate about its correctness has been nil. Yet, the stakes are much too high to assume this subjective position as an economic certitude or uncritically accept its propriety. What they proclaim as policy is not based on any unassailable economic principle. It is statement of economic bias that beckons to the wealthy while auguring unnecessary hardship for most Nigerians.

Look at jobless and poverty levels as well as the diminished status of our middle class. After viewing these statistics, most objective economists would conclude Nigeria is mired in a long-term, secular depression. Forget the rosy GDP figures. They signify a great economic and financial segregation between those who have and others who have not. If we continue with the policy preferences of the current administration, the haves shall become the “have-mores” and the “have-nots” shall become the “have even less.”

The vast majority of the claimed GDP growth has fallen into the laps of those already enjoying obvious luxury. The rest of the people are left to gaze at the enormity of the income and wealth chasm separating them from the cabal orchestrating the discordant political economy. While a small group flourishes, the rest of the nation subsidises their economic bounty. A tight confederacy rides an economic skyrocket while the bulk of the people languish in the swamp. For one group, the economy is a effervescent. For the other, it is catatonic. Nigeria is one nation with two economies.

For this government to speak of austerity is to further enrich the affluent while casting the average Nigerian into greater hardship and deeper socio-economic depression. As with the Eurozone the past five years since the global financial crisis, austerity has not solved the dire economic weakness of the nations that employed this sickening remedy. All austerity has done is tighten the grip of the wealthy on the economy while weakening the position of the middle class and the poor.

Austerity weakens aggregate demand, deflating an economy already fatigued and against the ropes. Those with hefty portfolios, profit as the value of their holdings appreciates by the very dynamics of deflation. Those who don’t have, find money even dearer to come by. Jobs and commerce disappear. Debt climbs. Deflation turns a noble but poor household into a comity of beggars and street urchins. The austerity that the current administration offers is an insensitive, myopic policy that lends primacy of favour to meaningless accounting figures instead of to the material well-being of the people. Austerity undermines our economic pillars and breaks the spirit of the people. Austerity is the merchant of pessimism and hopeless futility. If you desire a nation of thralls, by all means continue this bleak path. If we want a nation of prosperity and economic justice, a different course is our due.

Listen carefully to the position of the Jonathan administration as articulated by the finance minister and you shall collide into the barricades of illogic and its weighty consequences. The claim is that government is low on funds because the lower price of oil means fewer dollars are being collected from oil sales. This sounds logical but for one fundamental point. The dollar intake is basically irrelevant to determining the amount of naira the government commands and places into the political economy. This fundamental point reveals the government’s position to be the antiquated relic of a past era. It is the way of the gold standard which ceased to exist over 40 years ago. As such, government’s stance is based more on superstition than on the actual functioning of modern economy with a sovereign fiat currency of its own.

• Asiwaju Tinubu is the National Leader of the All Progressives Congress

.

Spot On!

saintikechi:
RUBISH!!! this is pure black mail.


GEJ TILL 2019

How? And you sound like you are in tears, is it because the OP said the truth?
Am sure you didn't even read it
*sighs*

Just heard on local TV station(ON TV) headline news, that "BUHARI REVERSES POSITION TO CONTEST, SAYS HE WAS PRESURRIZED TO CONTEST."

PLEASE CLEAR MY MIND ooooo!!!
I don't want Atiku!!!

estyvino:
South African just dey show off, this is a country that Nigerian fought tirelessly for them to enjoy freedom today. Make them no worry, continue....

Na wa for you o! So because your country fought tirelessly for them, now means you should carry illegitimate money to their country despite knowing their laws?

Oga Park Well!

Are they trying to let us believe the previous $9.3m is truly for arms? Is that why the invoice indicated it? I believe they are only trying to play with our intelligence again....

"I don't think any Government/body can be do stewpid to expose his buttocks twice"

But then again, it is GEJ's Government, anything goes or happens!

Amen!

True!

Whether una bow or KNEEL, you would still lose!

I have been praying for them since they elected that thug in! I really wish Ekiti people would survive the hard times they are just starting to experience.

ayozainy: I dnt knw. Cos am not on either of dem.

Ok. Thanks.

Drealbunmi: can som1 be on bbm nd nt on whatsapp??

Erm, yes now. If your whatsapp is having fault downloading, because that's what is wrong with mine. Having issues redownloading it. So do you have any BBM group?

Ayozainy, isn't there a BBM group? For those without whatsapp?

Andyblaze: It is rather disheartening that our youthful populace on their own part have refused to take charge(not violently per se) but by becoming more active in public affairs, we rather spend more time trying to move along with the mundane lines of music and other spheres of entertainment rather than be the tools for change in the society we choose to criticize.

True. I am a youth, and I really see my self in such situation(politics) even before finishing from school. A lot of things are wrong in this country, not because our leaders are corrupt, but for the non involvement of youth in politics.

Andyblaze?? :O
True, now to aljharem who is so blind to see they also have old men in PDP.

1. Tom Ikimi- April 10, 1944 (age 70)
2. Anthony Anenih- 4 August 1933(age 81) Chai!


Thanks.

"can APC really make a difference and what are the significant political achievements of the front-line members in APC?".

Yes, they can. Ordinarily "change is inevitable", we all strive to make changes in our everyday life.
APC front-line members, I would assume you mean Governors and the rest. I am less concerned about the rest. Living in an APC governed state would prove my first three words of this reply. There political achievements to me can be grouped into, how developed their states are, how intellectual each of them are. Politics shouldn't be about picking just anybody, Nigeria is way beyond that level now.

1. Fashola- He studied Law at the University of Benin from where he graduated with a Bachelor of Laws, LL.B.(Hon), degree in 1987.

2. Fayemi- He attended Christ’s School, Ado Ekiti and received degrees in History, Politics and International Relations from the Universities of Lagos and Ife in Nigeria and his Doctorate in War Studies from the prestigious King's College, University of London, England, specializing in civil-military relations. His research and policy interests include: Democratisation, Constitutionalism, Security Sector Governance, and Regionalism in the Global Context.

3. Amosun- He then went to Ogun State
Polytechnic, graduating with a Higher National
Diploma (HND) in 1983. Amosun gained an
Associate membership of the Institute of Chartered
Accountants of Nigeria (ICAN) in 1990. He became a
fellow of the Institute in 1996. He also became an
Associate member of the Chartered Institute of
Taxation of Nigeria (1998).
Amosun began his career as an audit trainee with
Lanre Aremu & Co. (Chartered Accountants) 1984.
Later he joined XtraEdge Consulting as a managing
consultant. From 1990 he was Principal partner of
Ibikunle Amosun & Co. (Chartered Accountants) in
Lagos. Amosun went to the University of
Westminster in London, United Kingdom, where he
acquired a Masters of Art in International Finance in
2000.

4. Oshiomole- He then studied at Ruskin
College, Oxford in the United
Kingdom where he majored in
economics and industrial relations. He also attended
the National Institute for Policy and Strategic
Studies.

5. Aregbesola- An Engineer

6. Okorocha- He attended
Juladaco High School, Jos (1976-1981). He studied at
the University of Jos (1990-1991), obtaining a
diploma in Public Administration. He returned to the
University of Jos (1993-1994) to obtain an advanced
diploma in Public Administration.[2] Career
positions include President, Nigeria Red Cross
Society, President/Founder, Rochas Foundation Inc,
President, Rochas Group of Companies Limited, Pro
Chancellor, African Business School and Former
Chairman, Board of Nigerian Airspace Management
Agency.


For space sake, I would limit it to the above culled from "wikipedia" taking a thorough look at their education background, we can notice the correlation between it and their "political achievement/development",

We are yet to know who would go for the presidency position, but we are rest assured he is an intellect.

Thanks.

bilms: Its him. Thanks

Okay, gone through your nairaland profile already. Nice.

OP, unless you are "Abdulrazaq" on facebook, I don't know why you shouldn't put a source to this.

labakeJ: I don't have flashing credit o, but av sent u a pm, reply and I will send my number. OK?

The message can't be visible because we aren't following each other. I have followed you, so reciprocate. Thanks.

labakeJ: After u've paid ur sch fees, go for library reg, then go to the bursary dept, they'll sign and stamp ur filled library card. Then they'll tell u to go to the library, that they're to give two library cards, go there, get the second card and fill it then go back to the bursary, and they'll sign and stamp the other one. Just did mine. And I went to the senate building and they said final clearance isn't out yet something like that, that it'll be posted on the website or so. Those that were not sent an SMS alert, it's nothing cos I went back to the bank and they said it is a problem from the school not from them. And it sounded like medical reg won't be ready for now cos they're in d second semester (not sure though).

Labake, Please can you do me a favour...? Please call or flash me, I want to ask this... I don't seem to understand what you wrote up there.

Chai! See wetin "acclaimed human being" dey talk?

This one get sense so? Na rice and weed you take so?

Your country leader dey dupe you sotey na another country yarn you, you still dey lick them Y.ansh


Omo boi, e don done for you o.!

Each country should check the jets for "Millions of dollars", before they start reeling out lies again.

Rexxie: psycho..mental....
Didnt ur ahmed threaten fire n brimestones n ungovernance shud gej win some yrs ago?
What most of u jweeders do is equate stupiidiv for smartness and mental inbalance for brilliance..
#GEJ till '19..

Mr Man, we are humans, we agree to disagree, the north might have said that then, does that mean GEJ should now fuel the enmity, hatred in all tribes?

He should be a man of his words, ask himself these questions;

1. Have I really done anything to better the lives of Nigerians?"

2. Under my tenure, the rate of corruption, how high/low was it?

3. Education, was part of my leading campaign promises, How far have I satisfied the student of Nigeria,

4. International Reputation, what does the country I lead stand for internationally? How respected are we?

5. Power, can I boast of giving Nigeria the said amount of megawatts promised while campaigning?

6. Security, am I been sincere Boko haram would be curbed by next month(October) like I stated few days ago?

7. Health, anytime I have my "hangover", have I ever been treated in Nigeria? Can I ever be?

8. Religion, is Nigeria getting bounded despite our religious difference?

9. Tribe, how is the relationship between "Emeka and Ahmed", how well do they love each other? Did I strengthen the relationship or worsen/weaken it?

10. Am I really loved by the people as my advisers, aides, friends claim I am? Am I doing Nigeria a favour by re-contesting? Or am just satisfying my parties urge to be in the position of power?


If GEJ can ask himself this simply put questions and answer himself honestly, I am certain he wouldn't wait till next year before packing his load.

Eko o le baje lailai!




#BabatundeRajiFashola

#AllProgressiveCongress

#CHANGE! CHANGE!! CHANGE!!! FEDERAL!!!