I have a question. does Nigeria have a current account surplus or deficit? Since our currency is weak, it should resorts to current account surplus because we should be a producing country, but with all I am reading, I am kinda confused, so all the economics major in the house, help me out.

i am surprised that in 2010 you guys havent realized that arguing with kobojunkie is akin to a dog chasing its tail.
even in america if 10 of you decide to steal bubblegum from the 7 11 store. if nine of you wait outside while you send the 10th guy to go steal the bubble gum. if during the stealing the guy is caught by the owner and he decides to blast the owner. even though the nine of you did not sign up for murder you are going to jail for first degree murder. all 10 of you. why ? because you were co-conspirators in the scheme that led to the store-owners murder. same thing with IBB. he created the atmosphere for the murders. he was the one who hatched the scheme that led to people committing murders. he is a co-conspirator to those murders

How do you arrest a president who is corrupt or a governor who is corrupt , if he is the one paying your salary.??

It is only in Nigeria that things get condemned even before it is started. Alas, I say, how can good things ever come to that kind of society?

I watched the videos and all I can deduct is that this government need think tanks and not give the job of a philosopher to an engineer. Engineers are like realists who operate on philosopher's idealistic inventions. You can find both in a person hence why we have geniuses but one who specializes in one has more knowledge of it than the genius does of that particular one.

I'm still asking the question HOW?

This is vague!!

The information above leaves one with the question HOW?

why not watch the videos and find out what the State Government is doing to bring this about. . .

na_so:

^^^^^^^^^^^
I am against IBB in every sense.

His name should not appear on the ballot sheet even for the least popular party, I know of Dele Giwa,gloria okon, C130,june 12, gulf war windfall, however I dont seem to understand this Vatsa angle to the crimes he committed. Are we saying there was no coup plot by Vatsa?

Waziri was said to have told the US officials that while plea bargaining is not part of Nigerian law, [size=13pt]the Nigerian government had sponsored an Asset Forfeiture Bill, which was proposed by the commission and endorsed by the Federal Executive Council (FEC), but rejected by the National Assembly.[/size]

A lot of times Nigerians blame the executive. . .but it seems the mostly clueless National Assembly is largely to blame for a lot of problems we have

they refuse to pass progressive laws. . .esp those that will make the country a better place. . na wa o. . .

Lately however I started looking at the work done so far , and while he gets commendations for some areas he has done well, one cant just overlook areas begging for attention e'g roads especially the ones we know are under the state or local govts. There are some other areas i will not want to mention.

Do u presume that the Lagos state Governor is a magician. . who is able to abracadabra unlimited funds out of thin air?

Do u understand the concept of a budget?. . .

Right now in your life u have goals/things to achieve,u have your budget for this yr to spend

Have u done everything u aim to do?. .

or do u not have a 3,4 or 5yr systematic plan to get u there?. . .

Ppl just come out of no-where and mis-yarn. . .

so the lagos state govt has not done,well until he tars the road in your street

what about the LAGOS-BADAGRY road expansion going on right now,which will benefit close to 40% of the state population?

what about the lite rail project going on right now,which will ease transportation for the masses. . a first in Nigeria?

some of u are just incorrigible. . . what is the states annual budget dedicated to road infrastructure
and how many km of roads can it build or fix before it runs out?

@Paddy-lo
Thanks for the examples of the need to have a weakened currecny at times.
The big question is whether that theory applies to Nigeria?
A friend once said that Nigeria is one place where known economic theories never apply.
If Nigeria makes toothpicks for export example, then weakening the naira might encourage people to buy more of our toothpicks, but that's not the case. We have refused to expand our export base from the crude oil that is already priced in dollar.
So, you see, our exchange rates has been a function of oil export, and immediate short-term criminal political agenda such as elections and the need to shift significant quantity of currency from Nigeria to country XYZ.
The most extreme of these cases would be to Abacharize the whole market: set up 2 systems, one official; and the other unofficial. Then make a "killing" collecting kick-back from people who want to pay the official 1:20 rate as against the 1:120 market rate.

yet the Federal Government of Nigeria cannot have the vision to open up more Universities in the state and around the country, What Useless visionless Country.

It is not the job of the federal GOVT to be opening up universities left and right in a country

Sometimes i wonder if u guys really know what the federal GOVT is supposed to do. . .

thinking I would be intimidated by all those abbreviations for defunct and failed government agencies which during his tenure were a means of siphoning money.

lol. . i am baffled that someone could actually point to that long list of GOVT failed projects as achievement. . .

what was so hard in setting up and nurturing car assembly plants. .that he couldnt do

having an industrial policy

what about the failed promise of turning aba into a technology village

truth be told IBB squandered his 8yrs in power,chasing shadows

how can someone in their right mind tell me that setting up MAMSER is an achievement. . is it a joke. .

On a serious not folks, the love an average Ijaw like Jonathan has for an Igbo man should be the same kind of love a kitty cat has for a rodent. An Ibibio or Efik? I can tell you anytime to trust him. While dealing with the Ijaws, Igbos should always remember these two adages:

@Eziachi

but arent some ijaw ppl even saying that jonathan is not core ijaw. . .?

I just think the guy is sincere. . .i believe we can negotiate the start of the Niger bridge project in next yrs budget

and other things. . .

Ol' boy dis your ranking be as e get o!

Truth be told, there is no way GEJ is better than IBB in leadership, let's get that part straight. I'm yet to see GEJ do something without OBJ's backing. We are talking about courage of leadership now.

IBB leadership. . .is it the one that killed dele giwa,shifted goalposts for hand over 20times,banned and unbanned politicians,newbreed old breed,a little to the left,a little to the right. . during his time Nigerias GDP shrank for 8 str8 yrs. . pls loook up Google finance

I dont trust IBB. . .not one bit,however my ranking is from worst to less bad

so shekarau is worse than atiku,and atiku is worse than IBB,and IBB is worse than GEJ. . .

IBB is 70yrs old. . .what if he dies in the next 2yrs.  .then what?. . .

dont 4get he is already suffering from some strange ailment. . .radiculopathy

Are you saying there are no qualified Igbos who are good enough to hold one or two key ministries in Jonathan's cabinet?

We will also Judge Jonathan on merit when the time comes and for most of us, we do not approve of the the job he is doing.

Is aviation not a key ministry?

Is Power not a key ministry?

Barth Nnaji will literally decide,how the new grid will run. . where new power plants will be sited and so on
what the new model for privatisation will be

is that not powerful enough or am i missing something?

The Only way he can win the SouthEast is if there is a compelling argument that he is the best man for the job.

ok who is the best man,among the bunch of characters parading themselves now?

GEJ,IBB,ATIKU,Shekarau?

if i was to rank them i will rank as follows

1. GEJ
2. IBB
3. ATIKU
-10. SHEKARAU

Actions matter more than anything else:

It was not Yar'adua who replaced Ojo Maduekwe with Odein Ajumogbia in Foreign Ministry.

It was not Yar'adua who replaced Onyiuke Okereke with an Edo Man

It was not Yar'adua who replaced Sam Egwu with the Northern female Prof

It was not Yar'adua who replaced Iwu with Jega