₦airaland Forum

@Aprime

You have made some valid points, but Nigeria will never change. All you have to do is read the replies to your op.

cold:
Wow! So many ignoramuses on here. Is GEJ the cause of the slump in oil prices? I'm not one to pander to these political shenanigans. But i can't stand idiocy either

He isnt the cause, but he shows a bad example when he decides to buy one more private jet at a time when everyone is forecasting lower oil price. Cmon how clueless can he possibly be?

Nicklee:
New jet for the presidential fleet? Didn't NOI just declare austerity for 2015? Why would GEJ ask for a new jet in 2015 when Nigeria's 2015 budget is bench-marked against $65/bbl of oil but Brent crude is struggling to trade for $60/bbl, and Nigeria is struggling to find buyers for its January 2015 crude oil cargoes? How important is a new jet to a presidential fleet which already has 8 functional high-end jets? Biko, what happened to austerity, eh, Madam NOI? Seriously?

My brotha, in some countries this would be an impeach able offense.

Nigerians deserve Jonathan!
The Saudis are preparing for $20/barrel crude oil and this joker is buying another private jet.

Nigerians shine your eye in February!

Sad...

Adeoba10:
Hoodlums on Friday invaded the Christ Apostolic Church, Pillar of Fire, located at LA primary school area of Akure, the Ondo state capital, during service, destroying properties and carting away the day’s offering.



It was gathered that the attackers, armed with whips and other dangerous weapons, subjected the worshippers and presiding pastor, Pastor Arije, to severe flogging.



The reasons for the attack was not immediately known. Sources feared that a rival Pastor of one of the churches within the area may have sponsored the attack.



Eyewitnesses reported that the hoodlums stormed the premises of the church on motor bikes and destroyed plastic chairs, wall Clock, glass windows and electrical appliances found in the church.



The assailants also inflicted varying degrees of injuries on members as they tried to escape the attack.



It was gathered that although policemen came to the rescue, they were also attacked, and those arrested were freed as a result.



Police Public Relations Officer, Wole Ogodo, who confirmed the incident, said one of the policemen was stabbed by a broken bottle by the assailants after they were chased to Odopetu in Oke Aro.



Mr. Ogodo said details of the incident was still sketchy since the ugly incident happened, adding that the Command was still investigating the reasons for the attack.


http://www.punchng.com/news/hoodlums-attack-church-cart-away-days-offerings/

This sounds like a nollywood movie. This can't be real.

irunobo2:
I don't pity them. Only God knows the atrocities they might have committed before escaping the USA. Karma is indeed everywhere. Good riddance

You're very stupid. Do you think Nigeria is America where criminals will be allowed to leave the country if they have committed atrocities? They would be on the FBI watch list!

Damn, this is exactly why I decided to stay in NYC. It's cold as hell, but I have heat and hot water.

Falling oil price
Naira devaluation
Election madness
Christmas

Nah, I am staying in Yankee for now.

Scrypt:
Nigeria is suffering from Immiserising growth syndrome, a subset of the Dutch disease.

Crude oil came with awesome promises but was welcomed by greedy hands.

Diversification is important, very important, but trust me, it will never match the benefits from a commodity such as crude oil.

Anyway, time to vote out PDP.

And when oil stays at $50/barrel, how will naija survive?

The price of crude oil, has been lower than $50/barrel in the past, and our leaders didn't do anything. I don't think much will change.

I think we are about ready for another military coup...Jonathan, if you allow the execution, you will not be safe. Mark my words.

In my dreams
President Fashola
Vice President Amechi

Sorry I don't like Buhari

xklucvG:
Wether Buhari or Jonathan both are 1 and the same any sane Nigerian should not vote for either of them. Why didn't APC field its brightest and best like Fashola or Oshiomhole. Why 27million for nomination form. What we should ask for now is a new constitution with fiscal federalism and devolution of powers. We should start to ask for it now .

Fashola for 2015!!!

adeekiti:
i'm very surprise to realise that other countries are seeing Nigeria as a weak country, a country once feared by other countries, these government has oppose to the world how weak nigeria could be in warfront, i wont be surprise if ghana now challenge Nigeria and become a threat to the giant of africa, we has a nation need to stand alert and ready to face terrors ahead cos everyone should sleep with one eye close cos who knows where they will be occupying soon, its better if there is no government in power than the weak pple acting on elections and leaving the masses to die, i think we need to push these so called governments to the warfronts, let the president lead the war pls..God bless naija God bless nairaland and God bless the people of Nigeria

Any country can come in and invade nigeria. Boko haram has shown them the way in from the north!

August21:
Let me see how jonathan we will win dis 4thcomin election....#ijustdeylaff

If he wins will you be surprised?

People should speak with their votes. Will there be a presidential debate like they do in American elections? Nigerians need to demand it.

spikesC:
Nigeria is a lawless country. Nobody cares as far as it's not happening in their backyard.

The inactions of the government is an exact replica of the inactions of the people towards matters that doesn't affect them. The massacre in the north is no different than the ones happening in other regions. People get judged, sentenced and executed on the streets by their fellow citizens without any atom of conscience.
Other people just watch, take videos and upload to YouTube with the aim of making chicken change from adverts.

The country is a mess, not because of the government, but because of its people. The people are the government, the people are ruthless, lawless, stone cold and evidently illiterate.

They want change, and a better society as they see in the west but they would never do anything for that. They prefer to be fed or blame the government for all the woes they bring upon themselves.

February 2015, they would wake up one morning and go chose between the devil and Lucifer, ironically, they're all the shame. Lions in sheep clothing who sell themselves by pity and propaganda rather than tactical discussions and intellectual debates.

For years to come, people would die recklessly and there's nothing Nigerians would do about it, because there's nothing they ever do about things.

Yeah, that's why I will never move back permanently. I wish una "goodluck" in February.

I guess someone is preparing for war in case they dont win the elections.

http://magazine.good.is/articles/ivy-league-fooled-how-america-s-top-colleges-avoid-real-diversity

Even ivy league schools prefer Naija students.

Why do Nigerians go to Malaysia? Of all the countries to inhabit, why Malaysia?

Hehehe...let the naira to dollar exchange rate devalue some more...my dollars will go far in naija.
#200 = $1 is my prediction.

I think the Saudis can survive on $50/barrel. And we are crying at $70, the party is just beginning.

jboy73:
Thats 9ja for u.


Thank God I was born and brought up in the US.


No need to fake visa.


Ooops!
Make I go read for Exam 2Moro.
To pass exam for Cambridge university no be day job.

The blue passport is awesome

And to think I was considering leaving America to practice anesthesiology in Naija. Tufiakwa, over my dead body.

DRealGeesam:
Hmmmm. But seriously there LOTS of countries that are willing to sell to us and dont give a damn about USA policies, why cant we patronize them.

Blaming USA for our whoas is getting stale, we are at war, we cant keep being the cry baby of the world.

It is also high time our government start investing heavily in Research and Development. Who says we cant build our own weapons?

South Africa has nuclear weapon, North Korea that is far poorer than Nigeria has good weapons development programs. What are we still waiting for

Money being spent on pilgrimage, should be diverted into Research and Development, In technology and medicine. Of what national benefit is the pilgrimage our government spends billions on, sending thousands of people to Mecca and Jerusalem.

We had better wake from our silly slumber

How can a country be so blessed and rich as Nigeria and we cant invest in weapons developments, then why do we have so many first class engineers in the first place?

I was at the Airforce Industries, Kaduna about 4 years ago. Honestly things are still archaic there. We are not at par with this decade at all.

USA is world power today, because they invested in research and development not sponsoring their people on pilgrimage to mecca and jerusalem.

NIGERIA!!! WAKE UP!!!

Haba!

Post advert today and ask nigerians to volunteer in weapons development and see how you will be flooded with ideas and men of great knowledge

It wont be easy as ABC, but it is not that difficult too if there is visionary leadership. FACT: India is already sending men to space and probes to the moon and Mars (they where the first to discover water on the moon) yet they got independence only 13 years ahead of Nigeria

Nigerian leaders lack strategic long term vision. Yet, we still have people supporting the same fools to be re-elected. Oya, America has humiliated Nigeria and will continue to do so in the future. See how we are shaking in our boots because of oil price decline. America has started drilling oil.

America can sell to whomever they want to. We can buy weapons from whomever we want. We better wake up and start acting like the "giant of Africa."

By the way what kind of weapons are they trying to buy that they don't already have? If it is intercontinental ballistic missiles, that's ok, but if it's small arms then the government should be ashamed for not having stok piles ready for war.

What a joke, even the president of the country had to go overseas for treatment...
"toute personne qui veut lancer un coup d'Etat devrait le faire bientôt"

We can also supply original crude oil barrels. Dont bother refining either, upstream operations are more profitable.

Na wa for Naija o...
What surprises me is the fact that so many people here are actually surprised about the report.

As for jtf, I am not surprised. How else will the country continue to lose $1 billion a month revenue from oil theft?

Business as usual, next topic please. Some of us right now are plotting on how they can start their own bunkering cartel. If una wan buy or lease oil barges or boats hit me up!

chineloSA: Do u stammer even when you write?

Have you taken your school cert yet?

Some Ingredients for economic success in Nigeria

1. Near constant electrical output (even 80% will be better)
2. Better roads
3. Curtail oil theft
4. Severly punish corrupt politicians...minimum of 10 years in jail
5. Decentralize the police force and pay them a living wage
6. Invest in agriculture - Nigeria imports too much food. We can feed ourselves
7. Establish an income tax system - all emerging markets have them

Phder: Nigerians can be compared to a really sad individual, who thinks drinking pure table sugar can help heal his sadness. Obviously he's going to die faster; not of sadness but of some other disease associated with high sugar intake.

Bros, na diabetic coma you dey describe...Diabetic coma...

iterator25: https://therealnews.com/media/trn_2013-11-01/lndikumana1104nigeriaeconomy-240.jpg

Nigeria is expected to release revised economic numbers from 1990 to 2008. That is expected to show that the country has overtaken South Africa as Africa's largest economy

.With us to discuss all this is professor at the University of Massachusetts Amherst Léonce Ndikumana. He is a professor of economics at UMass Amherst, as I mentioned, and he's the director of the African Policy Program at the Political Economy Research Institute (PERI).Thank you for joining us.LÉONCE NDIKUMANA, ASSOC. PROF. ECONOMICS AND LAW, UMKC: Thank you very much for the opportunity.DESVARIEUX: So, Professor, let's talk about Nigeria. It's moving to become the number-one economy on the African continent. What is the cause behind this rapid economic growth?NDIKUMANA: Thank you very much. I think this is a very important and interesting question.There are two things that we need to single out. One is that even as of today, Nigeria is the second-largest economy on the continent, with about $262 billion in 2012, compared to $384 billion GDP for South Africa.

The second one is that Nigeria had been growing quite fast. In 2011, they grew by 7.4 percent, which that went down a little bit to 26.6 percent in 2012. At the same time, South Africa's been growing a little bit slower, in the range of 2 to 3 percent, which is consistent with a more mature economy. So that by itself would mean that over time Nigeria is going to get closer and closer to South Africa. Even if you look at the last 12 years, in 2012 the economy of South Africa was about three times larger than the economy of Nigeria. Now it's about 1.5 percent.Now you bring in another factor, which is the rebasing of the national data in Nigeria, which is something that other countries are going to also have to undertake because their national accounts based on outdated--have outdated bases, in the sense that some sectors which were not there when they were doing the calculations now are more predominant in production of goods and services.

One of the biggest new innovation is the telecom sector, which is becoming a bigger and bigger part of the service sector. So this requires countries to go back in their statistics and redo the weighting of each economic sector. And this, for many countries, is going to result in a larger major amount of national output, which is GDP. Ghana has already done it, and Nigeria is on track of releasing their new statistics. And this will result in a larger GDP for Nigeria. And, again, as you said, it may be the case that they may be either closer, even take over South Africa, assuming that South Africa doesn't do the rebasing [incompr.]DESVARIEUX: And I can imagine what's propelling this rapid growth is that three-letter word, oil, since Nigeria has a lot of it. What do you make of that?NDIKUMANA: Yes. As you indicated, the rapid growth in Nigeria over the past years is driven mainly by the oil sector.

To give you an example, of the six point--while the country as a whole grew by 6.6 percent in 2012, the oil sector actually grew faster, by 8 percent, which means that some of the sectors were shrinking. And this poses--is a source of concern because oil, the oil sector, as we know, is a very capital-intensive sector, which means that it doesn't create lots of jobs.At the same time, since we're talking about South Africa and Nigeria, they share two important problems. One is unemployment, and the second is [incompr.] to global markets, shocks in global markets. Unemployment has been high in South Africa. It's known. And they have very good statistics. It's about 25 percent. In fact, Nigerian unemployment over the past two years has been increasing from 21 percent to 24 percent. So even as the economy's growing in Nigeria, unemployment is actually growing at the same time, which is the result of the fact that growth is taking place in sectors that are not creating employment. So this is a major, major problem for Nigeria.


At the same time, the sectors which are the life--which provide the life for the majority of the population, especially agriculture, is not growing as fast, because there has not been sufficient investment in technology so that productivity in agriculture, the mainstay of the livelihood of the population, is actually seeing a decline in productivity. And that is true for Nigeria as well for many other countries.

So the challenge for Nigeria is how to harness these oil resources so that the growth in revenue that's coming from oil can actually trigger expansion in other sectors outside of the oil sector.


http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10954

And the economy will get into trouble once
1. America starts producing oil and gas aggresively

2. Sanctions are lifted off Iran

Nigeria has a mono-economy - crude oil. Thats it. A-one-trick-pony. The price of oil is already falling and the Fed will soon taper quantitative easing.

Then there is that curse of oil, "the devil's excrement." It is a known fact that Naija loses a billion dollars a month to oil thieves.

We may have exciting economic prospects but there is still work to be done.