₦airaland Forum

trapangels:
now it is trash abi? Wen it was said dt GEJ took his kids abroad all u buhari fans dint let us hear word.n yet GEJ kid schs' here in 9ja o. Na wa 4 all of u lying to urselfs abt change.

The lady is schooling and its not a bad idea.

Davidson267:
do u knw that u ar a big fool?...how many of the women in logos market can afford that?...be sincere atleast once in a while

How many Lagos markets do you know,consult the marketers in the banks to tell you were the volume of cash is coming from apart from government.

akereconfi:
Everything you are saying is mere assumption. It's not a fact.

I school in the UK, Majority of Nigerians here are Northerners and Westerners, and trust me, majority of them, their parents are into Politics or most of them grew up here.


Stop assuming please.

UK is not Cyprus
check the current conversion rate from Naira to Pounds

You school in u.k and so fucking what,i come ,just as we have children of politicians we also have business men and traders and children who are not politicians.It is not every rich Nigerian that is a politician,Stop telling me am making assumptions .Even the motor park touts Now send their children for studies in London.I can direct you to a some school for field research.You can reach me

emmydee:
My dear, the big deal in studying in d UK or anywhere overseas is that the cost of ur flght ticket alone is enough to see a student through in session here in naija. So that a big deal. I studied at UNN & i know how much it still costs per session. Thank you.

Many Nigerians were born in the U.k and return back to Nigerian and then are back for university education at lower cost,because citizens don't pay the same fees,so some parents planned for their children why some did not and just because some people planned ,their will no need for trying bring them down

anonimi:
And those Lagos market women borrow money at 72 years of age to buy political kalo kalo lottery presidential form at N27 million without collateral, abi

Original CORRUPTION from the pretending pensioner


Kai Buhari!!!
#Liberate-Lagos

If You have an aging father in Nigeria ,you will understand how they manage their finances.In the late hours of people lives ,they normally dont have cash but good will around them.Ex head of state,ex PTF chief,ex general can easily get assistance and support.Build your own network

akereconfi:
TRASH



The cost of living here in the UK alone


( Accommodation 4000 pounds minimum)
(Cost of living 4000 pounds minimum)
(School fees as international student 12000 pounds minimum)

That is roughly 20, 000 pounds. Now convert that to Naira

Approximately 5.5 Million in Naira.

Now tell me which market woman in Lagos will cough out that amount yearly

My friend you are ignorant and don't even know some market women in lagos island are richer than office workers,and they care for there kids and want them to have the best.we have women in Balogun markets,John street, idumota,dosumu street,oshodi markets,jankara tejusosho markets,please visit and see the amount of retail trade and stop writing what you dont have an idea about.

Geeweeny:
Lol,couldn't help but laugh, so why are u not in UK studying or living?. this is the problem of Nigeria,maybe u should really check on how much a uni education cost for international students in UK

The poverty as really affected everything about you including your reasoning!I can see going to London is an achievement.Some ordinary Nigerians even spend Friday and Saturday and Sunday In London and back in Lagos on Monday.You better work harder so that you can cure yourself.

brownlord:
Nothing, but cretins like you who may even be more intelligent than Buhari's daughter are left to spend 6 years in Nigeria University with another one year of serving your country and then continue your selfless service in roaming the street of lagos searching for job.

You got to put your brain to use my friend, Why will buhari's daughter be schooling abroad? he goes for medical trip abroad while you struggle to get bed space in Luth. Mumu

Stop looking for reasons middle class Nigerians can afford this things.All the Nigerians that spend the 500 million dollars in India are not super rich but average Nigerians and they travel to care for them selves.If you were born there and return back for school you will not pay the same fees .Okay.

Trash even the women in the Lagos market have kids studying in the same school.whats the big deal in studying in U.k and living there

hilario8898:
No dear, am not! infact i don't really like getting involved in all this political saga...Just felt like making a point.

Fooling who?i saw the PDP logo at the end of your writeup

This is the first election after we returned to democracy that is totally different from what we had in the past. The strength of both parties are not less than or greater than.

But you are a member of the PDP?

Returning To Another Debt Trap
WITHOUT batting an eyelid, President Goodluck Jonathan and his economic guru, Ngozi Okonjo-Iweala, have proposed to spend N943 billion on debt servicing in 2015. At 21.67 per cent of the total expenditure plan and with lower revenues already buffeting the economy, debt may once more hobble development and drain scarce resources. Nigeria urgently needs to apply the brakes on debts and deploy effective measures to turn the economy around for sustainable growth.
Despite its repeated claims to the contrary, it is apparent that the Jonathan government is driving the economy and the Nigerian state to the brink, not forward. This is apparent in the rising debt. We had warned in the past that we should avoid plunging headlong into another debt trap. The country carried a crippling debt overhang for three decades that we only exited in 2005/06 at a steep price. Then, we had to pay $12.4 billion to the Paris Club of international creditors to obtain an $18 billion write-off and throw off the yoke. The promise (which never fully materialised) was that savings of $1 billion-$2 billion hitherto spent on annual debt servicing obligations would thenceforth be used to fund critical areas, especially the United Nations Millennium Development Goals.
Alas, we have since been slowly, but surely, creating a new debt trap. The danger was initially domestic debts, which had been allowed to pile up. Soon, and especially since Jonathan mounted the saddle in 2010, we have been taking in external debts too.
To public concerns, public officials, from Okonjo-Iweala and other ministers, to the Director-General of the Debt Management Office, Abraham Nwankwo, the retort is that our debt-to-Gross Domestic Product ratio is still well within the international threshold. Often, we have also been told that the debts come with favourable terms, including moratoriums, low interest rates and long repayment periods. Indeed, the DMO continues to assert that our current debt profile is sustainable as it still falls below the 40-56 per cent-to-GDP allowed for an economy of Nigeria’s size. The National Debt Sustainability Analysis 2014 Report, arising from deliberations by the DMO in collaboration with other stakeholder agencies in debt management, recommended that maximum borrowing should not exceed $12.3 billion in 2015, made up of a $7.42 billion ceiling from external sources and $4.94 billion from domestic sources to correspond to the preferred ratio of 60 per cent for external, and 40 per cent domestic.
The DMO website shows that as of September 30, 2014, the total external debts of the Federal Government stood at $58.64 billion, made up of $49.12 billion or 83.7 per cent in domestic debts and $9.51 billion (federal and states) or 16.23 per cent in external debts. Significantly, stakeholders recommended that the government retain the current debt-to-GDP ratio peg of 25 per cent beyond 2015 and up to 2020.
We are not persuaded that the government is utilising debt judiciously as a tool for development. Successive governments have so badly managed resources only to resort to borrowing to meet consumption and feed the prevailing system of graft and patronage while piling up debts. It is wrong to justify borrowing using global thresholds knowing that we run an economy with an acute infrastructure deficit; one that is dependent on crude oil receipts for over 70 per cent of government revenues, where the rule of law is weak and one where excessive corruption derails all development programmes.
An annexure in the NDSA admitted “that a drastic and persistent fall in public assets, caused by a fall in revenue, would, in the long run, increase the risk of debt distress.” Unlike Nigeria, countries like Malaysia, South Africa, Brazil and South Korea have built up infrastructure, diversified and built export-oriented economies and can, therefore, sustain such high debt-to-GDP ratios.
Our wrong-headed choices have been bringing distress ever closer. With oil prices predicted to fall lower than the $65 per barrel on which the 2015 budget has been rashly anchored, more borrowing and future debt are assured. The N943 billion earmarked in a budget of N4.35 trillion for 2015 trumps the N712 billion set aside in 2014 and N591 billion in 2013 for the same purpose. The fact that only N633.53 billion is earmarked for capital projects in 2015 amply demonstrates the unfolding national tragedy.
Now that over 21 per cent of total budget spending will be used to service debts, our officials who talk down to critics of the borrowing binge should re-strategise. We should never forget that the external debts that ballooned to $35 billion by 2005 started with very modest borrowed sums. The $6.82 billion of total external debt stock owed to multilateral agencies, $1.18 billion to bilateral agencies and $1.5 billion on commercial debts as of September 30, may look small today, but will invariably rise when government revenues fall further and inevitable payment rescheduling will result in penalties and interest.
Nigeria is paying the price of relying solely on crude oil for its survival. But the situation can be salvaged. Government should open up the railways, solid minerals, and downstream petroleum, steel and ports sectors by a programme of liberalisation and complete privatisation of all state-owned commercial assets. This will free resources for critical sectors like health, education, environment, water supply and rural development while opening the way for massive private investment and reduce borrowing.
Above all, corruption must be tamed and the rule of law enthroned.
Copyright PUNCH.

Mentcee:
No matter wetin the Bokohhari boys do, na Ebele Jona till the old democracy destroyer gives his life to Jesus!

so is the state gov Pdp or APC

special candidate

Efcc chasing after small things

[quote author=iv4fb post=29462240]"increased cost of clearing container loads of fish"? open your eyes, maybe you'll see clearly afterward


see what?

And you need constant electricity to produce cars in Nigeria .You can not produce without electricity

iv4fb:
Thanks.
Nothing good can come from a bad heart, wasn't expecting nothing less than an insult from you. That's what you're good at. Thanks for calling me silly, one day your brain will function properly again and you won't insult people you don't know.

BTW, I don't work for the government and I don't like GEJ but there's no way you will understand that, your brain is full with sawdust

So you mean an increased cost of clearing container loads of fish and an increase in exchange rate value is good for us

iv4fb:
That's because you don't see anything good in the government. The hike in tarrifs will actually do hood for the economy in the long run. Not where they dump dead cars

iv4fb:
That's because you don't see anything good in the government. The hike in tarrifs will actually do hood for the economy in the long run. Not where they dump dead cars

Are you working for GEJ?The person that hired you hired a stupid person.

Adminisher:
Sokoto and Kano are not swing states for the Presidential elections. They are Buhari states. Many PDP members will vote Buhari there.
Rivers is an APC state for Governorship but for.Presidential elections Jonathan may win narrowly in Rivers.

The highest number of voters are in this places and the population is also in this places

iv4fb:
Ok, let's go get some

Yippee kai yay MF! Fp is hot.



First of all, Nigeria import over 60percent for local consumption. local production is only for a certain type, so realistically, the effect of this crash is poitive as it affects most Nigerians. There is no effect on the econony- don't go into assumption, understand the market first before you judge.

Nigerians will pay more at a later date ,because of importation at the current exchange rate and hike in tariffs and possible uncertain events .

Rivers
Sokoto

Lagos
Kano

This people !You need to talk about issues and not persons.

Aussie

bloody lies

blemon44:
The only sensible Yoruba man

He fighting for his ministerial position and his own political future and pocket

temitemi1:
Buhari lacks the values to take Nigeria to next level jareee.. GEJ continue ur good works jareee. GEJ till 2019!!!

All for selfish purposes!He promised power supply .The country does not produce anything only importing and consuming even refined petrol ,kerosene,diesel .People that are meant to engage in production are riding okada,s all over the place.And you dont think their something wrong somewhere

BinghiNya:
All killers are christians but not all christians are not killers, christians killing people since 2030 BC. Is he a muslim ?

Pls try to know about other peoples religion so that you can be informed,Buddhism,Hinduism,Shintoism,islam

Using people sweat to do big man in that fucking country!The lady suffered till death,must have hussled and this bastard with his big fat stomach depriving her of life and financial returns in minus weather.

emusmith:
lol

This cracked me up