OmoTier1's Posts
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ujchief: Champions league is not for boys!you sef.. dem take give you etisalat |
Arteta is a weak link in this game... He is not running for balls to shadow Carzola... ![]() |
This ref ehnnn.... I go waka go slap am for emirate oh... shoooo |
huh.... wetin... |
aieromon: I knews you well. You says Arsenal is win UCL and I says in your dream last week.whats me concerns... Free kick Bayern.. gooners will win after all.. |
Bayern with away goal.. not a good one at all.. but we can hit 3 tonight. |
goallllll |
Good start so far... |
**puts kettle on ... yorkshire tea bag beside... |
aieromon: Reporting for dutywhos you?... does I knew you? ![]() |
chei! ..see miss... Adjust my seat well.. ![]() |
Dayo.. hope you don tie wrapper .. |
i DO SHOw ![]() |
The National Bureau of Statistics on Monday released its final report on the performance of the economy in the 2012 fiscal year with a shocker that the country’s Gross Domestic Product declined when compared to previous years. Specifically, the bureau said in the report that overall growth in real GDP in 2012 was 6.61 per cent, which is a decline from the 7.43 per cent recorded in 2011. This came just as the bureau also released the Consumer Price Index for the month of January, in which it stated that inflation rate had declined from 12 per cent in December 2012 to nine per cent. The report attributed the decline to “base effects,” which occurred as a result of higher price levels in the previous year. This, it noted, implied that the year-on-year changes this year would not be significant. Explaining the reasons for the higher prices in 2012, the report said, “The Nigerian economy exhibited several shocks in January 2012. The partial repeal of the Premium Motor Spirit subsidy led to increases in transportation costs as well as secondary effects, as the transportation costs affected both food and non-food prices. “There were also the civil protests, which followed, and the man-made price gouging during the month, as merchants tried to take advantage of temporary shortages.” The 25-page GDP report signed by the Statistician General of the Federation, Dr. Yemi Kale, also confirmed that the economy encountered numerous challenges in the 2012 period. Some of them are oil production slowdown due to security challenges in the Niger Delta; flooding, which destroyed many farmlands in the country; and weaker consumer demand. All these, the report stated, impacted negatively on the economy. It said, “The Nigerian economy faced numerous challenges, which impacted overall economic activity in 2012. Declines in the real growth rates of economic activity were experienced in both the oil and non-oil sectors. “Oil production was less than expected due to security challenges and floods, which occurred in the latter part of the year, while the non-oil sector (notably agriculture, wholesale and retail trade) was mostly affected by the floods and weaker consumer demand. “Revised data for 2012 indicates that real GDP grew by 6.34 per cent in the first quarter and 6.39 per cent in the second quarter of 2012. The rate of economic activity was slightly higher than the initial estimates of 6.17 per cent and 6.28 per cent, respectively, as published in early 2012. “Nevertheless, the revised growth rates were lower than those recorded in the corresponding quarters of 2011, which were 6.96 per cent and 7.50 per cent, respectively. “Therefore, the economy declined by 0.62 percentage points and 1.11 percentage points respectively in the first two quarters of the year compared to corresponding quarters in 2011. “For 2012, the economy is, therefore, expected to grow by 6.61 per cent, a relative decline from the 7.43 per cent recorded in 2011.” The report said while oil production declined by 4.4 per cent to 2.37 million barrels per day during the first half of 2012 as against 2.48mbpd produced in the first half of 2011 owing to cases of theft and vandalism; the non-oil sector was affected by the incidence of flooding. Similarly, it said infrastructure challenges hampered the manufacturing sector. The report also gave an outlook of the economy for the next four years, stating that real GDP might rise to 6.75 per cent in 2013; 7.24 in 2014, while 2015 and 2016 might see decline to 6.93 per cent and 6.62 per cent respectively. Inflation rate, according to the report, may moderate slightly from 11.98 per cent in 2012 to 9.76 per cent, 9.49 per cent, 9.76 and 9.95 per cent in 2013, 2014, 2015 and 2016 respectively. It said, “This forecast appears to mirror a consistent growth pattern (when compared to previous statistics) for the Nigerian economy taking cognizance of evident realities in the macroeconomic environment in addition to the gradually improving productive base of the economy. “Also, the continued efforts of the government towards revamping the economy through various sectoral policy reforms such as energy reforms, consolidation and post-consolidation exercises going on in the banking and sub-banking sectors, agricultural reforms and oil sector reforms are expected to drive higher growth during the period.” Source : http://www.punchng.com/business/business-economy/economy-shrank-by-0-82-in-2012-nbs/ |
Sincere 9gerian: I'm sure if it were APC or Fashola that was removing the fuel subsidy, you would not only have supported it but also given us a thousand reason why the subsidy removal is sweet. This is just one example of how deceitful and mischievous some of the few but noisy critics have been.I know you are intellectually deficient so I would not bother responding to your silly rants. |
Iamurfantasy: Accurate investigative reports. I'm still marveled and wonder to what extent the members of Dana Air would go to conceal the real truth and protect the persons involved.If you have these information in authentic documents, please provide them and we will do justice with them. Else you are as guilty as the murderers in power. |
Rossikk: Every adult knows the police is a lot more disciplined today than 10 or 15 years ago. You must have been a young kid in 2003 or else you wouldn't type that rubbish. As for "peaceful", I certainly feel a lot safer driving around today than ten years ago. Armed robbery has declined drastically compared to those days. Don't let boko haram's antics fool you. The country is a lot safer on the whole today. Bh's victims are negligible in number.With lies like these, you think any serious human being will take you guys serious? In all my engagement with folks that matter, this is one thing they hate about Nigerians: Very tricky and never honest with the truth. Security in Nigeria is worst today than ever. #FACTS. |
all4naija: Hello, NASA engineer regularly jumping off into River Thames!Can't you see how irrelevant you have become ![]() |
Princek12: You sound stupid. Flight attendants are not restricted to their hotels when they are laying over. What regulations are their visas restricted to?You must be an uncivilized clown |
Seriously, do I need someone to tell me how Nigeria has drifted in the past 10 years when I am a native of that country and I have dealings in the country? A man who needs another to tell him He is sick is mentally challenged And the OP saw nothing wrong in the blatant lies in the article that 10 years ago if you go out on a sunday, a police officer will put a gun to your head.... Absolute trash! Nigeria was more peaceful in 2003 than it is in 2013 #FACTS. #yourolodoistoomuch |
CFCfan: @manny4life: The NASS would claim that as a body of elected representatives, they have every right to investigate a national tragedy. I'm just flabbergasted at the recommendation of sacking Demuren. Instead, the officials that signed-off the airworthiness of the plane should be relieved of their jobs through the appropriate channels.Yes NASS have the powers to investigate, but if anything, they ought to do so using competent companies, consultants, pressure groups, etc. Which reputable aviation consultant did you hear was employed by the NASS to help in their investigation? |
manny4life: At least one thing you and I could agree on...Very good analysis.It might interest you know that Aviation Institute Ilorin is a "block and PC" institute with nothing, I mean virtually nothing to offer modern day aviation in terms of training. At the part is bold, I think you did not really mean that right? Nigeria does not have her own standards, so what do you expect? Others will set a standard for her! Look at Brazil, China, Russai, Canada, Austrailia, New Zealand, they have their own standards which may or may not be in line with that of the FAA, as such they do not bother with Cat 1 status. Instead of our legislators to make every effort that Aviation institutions in the currently are adequately funded, they are busy witch hunting NCAA Director. Tell me one Senator and House of Rep member that has any experience in Aviation talkless of Air accident investigation ![]() |
all4naija: Shut your trumps and scams, guys! Bushes! ![]() |
When you have incompetent people in governance, stupidity is the toast of the day! Imagine a Senate that has no single experience whatsoever in Air accident investigation is making recommendations on Dana Air crash. Is it not a disgrace that there is not one functional Air accident investigation laboratory in the country? Is it not a disgrace that as big a country as Nigeria there is not a single MRO facility for aircraft? How about our training institutes? How many flight simulation schools do we have in the country? Is it not a shame that we do not have a functional Air Business School where a comprehensive Airlines business, operations, maintenance, and build? |
kulyie: did you see her with prostitutes that you are calling her a prostitute.it takes a whoremonger to know a LovePeddlerWho am I to blame? Of course those who allowed you near INTERNET! |
Abagworo: The reason I raise my cap for Amaechi is that he enpowered Rivers people in the process of developing the State. I've long condemned the use of Julius Berger by Nigerian Government to the detriment of our indigenous firms and the inflation of JB contracts is legendary. They are used as tools for money laundering and capital flight. Imagine if Akwa-Ibom firms were given 40% of those jobs, how it will impact on the people.Exactly what Oshiomhole said when He asked Julius Berger to cost the dualization of roads in Benin and they gave Him a bill that would be enough to reconstruct several roads and He sent them packing! Today, most of those roads have been done at far cheaper prices and most locals were engaged by the companies that did them. The roads too are of high quality comparable to that of JB. Governance is about common sense which unfortunately is not common amongst self made politicians of not value. That is why you need technocrats to govern. I have always wondered that despite the much voiced uncommon transformation, the people from Akwa-Ibom are still trooping out of their state and going to work as house boys and house girls in Abuja, Benin, Lagos, you name it! |
taharqa: Jesus Christ of Heaven!! Can you IJIOT point out exactly where I lied here. Plz itemise it if you can, abeg.... By d way by NIPP, were you talking about that thread where you were caught in yr LIES that d Geregu Plant in questn was d one that OBJ built (ie d 414MW GereguI), instead of d one built by GEJ (ie d 434MW GereguII)?? I hope you were not talking about dat thread, I mean you cant- even though it is yr Job Specs to discredit everytin GEJ, I refuse to bliv you can be that SHAMELESS esp afta bn caught in a lieYou have been shamed, go hide your head in a corner and weep for your life I have told you, truth is your enemy hence you will always be sorrowful in all your dealings until you learn to accept and tell the truth. |
Sincere 9gerian: I'm tired of discussing this issue of fuel subsidy. Certainly, any attempt to bring up the issue of fuel subsidy removal before 2015 will see the resurrection of failed politicians, emergency civil society groups, black market activists, brown envelope media organisations,etcYou believe it is a wrong policy to subsidize consumption, yet you paid master is fed with N1bn yearly Even the most advanced economies subsidize consumption so what are you on about? What most people still do not realize is even if Nigeria was producing all of her petroleum products, the FG would still need to subsidize it in various ways in order for the commodities to be available to ordinary Nigerians cheaply. Do you think it would cost the same amount to sell fuel closer to a depot than the remote parts closer to Chad? The obvious answer is No, so FG would still have to take the brunt of the cost getting the products down there.Subsidy becomes a burden when dishonest men abuse it for their selfish aim. There are even other economics one could come up with that would warrant FG subsidizing fuel and yet Nigerians and Nigeria will live a healthy life. The main reason the current subsidy is weighing down the economy is because the FG is dishonest with the cost of subsidy, and the whole scheme is a fraud of an epic proportion. |
[size=18pt]Oh dear! They had to put three African ladies between KIM and Tu BABA..... [/size] |
[size=28pt]International Ashawo came to spy out on Nigeria, I hope ACN will use their broom to sweep her drippings[/size] |
Princek12: Nigeria is not tourist friendly and lacks activities for tourists to do. In addition, the security and infrastructural challenges, not to mention to aesthetic challenges, we currently have make Nigeria look like an eyesore to foreigners and make them scared to have fun in Nigeria. That said, you cannot blame a tourist who is used to living and visiting beautiful places, and who is used to having the freedom to roam the streets, to enjoy being in Nigeria where everywhere looks dirty and where there is practically nothing for her to do.Serial liar! FYI, Flight attendants do not have the free will to parole when in foreign lands as their visas are restricted to certain regulations. A flight attendant staying over for 48hrs can best wish for a nice beer at one of the popular bars. Tourist my foot.. next time go to www.youtube.com/tutorials/learn2lie ![]() |
Is Ireland complaining or what? Come over to the UK and see the how it has been flooded by the Irish in the last couple of years as the Irish economy takes a spiral dive. Maybe they should also compute how much Irish citizens send home from other countries.. No? ![]() |
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