Pennyforthought's Posts
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Isn't mourning a dead person based on looks kinda crass ? |
SalamRushdie:I'm not pro buhari and I don't think he would be good were he re-elected seeing as he didn't live up to his promises. This is merely an unbiased factual look at his tenure. |
I don't think the Brunei part will stay true for long. The country is projected to run out of oil in 10 years and the king has done nothing but buy fancy cars (5500 luxury cars) and make an entire palace out of gold (look it up, impressive af palace). He also gives the citizens free education, healthcare and subsidized allowances. If there's no restructuring of the economy then they will be forced to borrow 10 years from now. Although they do have a sovereign wealth fund of 40 billion usd. Invested right and with their tiny population they can just live off that. |
Disclaimer; I am not a fan of president Buhari. I feel he has harmed rather than helped Nigeria. However, I shall attempt to remain as unbiased as is possible in this Analysis. With the 2019 elections not being far off and having come accross this article that claims buhari achieved the following things for Nigeria, I wanted to examine how much of it was true. https://guardian.ng/news/what-buhari-has-achieved-in-three-years-presidency/ His claims summarized are as follows, Gdp went from negative to positive after 5 years of negative growth, inflation fell, agriculture improved, foreign investment increased, stock market performed at its best ever. Power generation nearly doubled, pensions were granted to police officers, Nigeria's ease of doing business rank improved, forex reserves increased, Nigeria successfully issued bonds. It started a tax amnesty program, a social program that allows more kids access to food, created jobs, gave loans to farmers, artisians and traders, reduced food insecurity, nigeria customs service recorded high levels of revenue collection, invested in infrastructure and reduced boko haram deaths. I used several sources to verify these claims(I cannot verify all because data does not exist for some of the claims). The main sources I used include Trading economics and Wikepedia. Both are good verifiable sources. (Yes, wikepedia can be edited by anyone. However there is a system of constant checks where every edit is checked by multiple contributers to ensure it is correct.) https://tradingeconomics.com/nigeria/gdp-growth-annual Gdp fell to its lowest level after buhari assumed power and has currently risen to less than 1/3 its 2014 level and 1/4th its 2010 level. So while the gdp went from negative of 2017 to positive, both were under Buhari. I don't blame buhari for this one because Nigeria's economy was very oil dependent and it imports most of its consumer goods. A crash in oil was bound to wreck the economy. A recovery from recession in 2 years is not bad. https://tradingeconomics.com/nigeria/foreign-exchange-reserves Forex fell from 2013 to 2017 and has now bounced back to its 2013 level. This is impressive but not comparable to the growth of the previous decade. https://tradingeconomics.com/nigeria/government-debt-to-gdp Govt debt rose sharply from 2015 to 2017 and did not fall at any point. It also did not fall but stayed stable during the previous govt. It is thus possible that the previous govt squandered the forrex that it claimed to have used to pay off debt. The current government may have borrowed to help stave off the reccession. https://tradingeconomics.com/nigeria/industrial-production Industrial production dropped sharply following buhari's taking of office and has now risen but is still far below pre 2015 levels. https://tradingeconomics.com/nigeria/gdp-from-agriculture Agriculture has risen but is following a year upon year rise and is not due to Buhari. https://tradingeconomics.com/nigeria/foreign-direct-investment Foreign investment fell sharply during Goodluck Jonathan's tenure and has remained low. https://tradingeconomics.com/nigeria/stock-market The stock market fell sharply following his appointment (Again possibly due to the crash in oil prices) and has recovered since 2018 reaching pre crash levels https://tradingeconomics.com/nigeria/inflation-cpi Inflation rose sharply in 2016 and has been falling since 2018 although it still remains at the highest level since 2010 Power supply appears to have increased although prices have also risen. https://en.wikipedia.org/wiki/Ease_of_doing_business_index Nigeria has become easier to do business in following disasterous years where it rose from 94 to 147 (A higher number means it is harder to do business in) https://tradingeconomics.com/nigeria/unemployment-rate Unemployment has risen sharply since 2015 and has increased very fast this last year. Buhari has failed here. https://www.transparency.org/news/feature/corruption_perceptions_index_2017 Nigeria became more corrupt in 2016 than the last decade and then slightly less corrupt in 2017. Overall Buhari has failed to fight or make any significant difference to corruption https://guardian.ng/business-services/money/the-absolute-sense-of-infrastructure-investments-in-nigeria-2/ According to this report Nigeria is investing in infrastructure which, along with investing in industry is the country's only hope. in 45 years the oil will run out and should Nigeria not dramatically transform, the people will have to go back to farming with no clothes, electronics or other luxuries. http://www.bbc.com/news/world-africa-42735414 https://www.thecable.ng/path-of-a-ruthless-killer-all-boko-haram-deaths-in-2015 Boko haram deaths declined sharply from 5000 in 2015 to 900 in 2016. However, since then they've slowly been climbing up. Also have emereged groups of fulani militias that have been wrecking havoc. Thus while Buhari did reduce the deaths by boko haram he has failed to adequately increase secrutiy as boko haram deaths are now rising and fulani militias have come about which wreck mass havoc. All in all Buhari has performed neither significantly worse not any better than the previous governments. However buhari faced what previous govts did not, a massive recession. Given the recession it is difficult to accurately guage his performance and who knows how he would have performed had the recession not occured. However, to those that claim that buhari destroyed Nigeria and to those that claim he saved it. He did neither. Overall his perfomance was pretty bland and is comparable to that of previous governments. While his economic performance is difficult to judge his performance on security and corruption, two of his other campaign promises have been lackluster. Security looked good from 2015 to 2016 but has again worsened and the arrival of fulani militias has again increased the death toll in Nigeria. |
Disclaimer; I am not a fan of president Buhari. I feel he has harmed rather than helped Nigeria. However, I shall attempt to remain as unbiased as is possible in this Analysis. With the 2019 elections not being far off and having come accross this article that claims buhari achieved the following things for Nigeria, I wanted to examine how much of it was true. https://guardian.ng/news/what-buhari-has-achieved-in-three-years-presidency/ His claims summarized are as follows, Gdp went from negative to positive after 5 years of negative growth, inflation fell, agriculture improved, foreign investment increased, stock market performed at its best ever. Power generation nearly doubled, pensions were granted to police officers, Nigeria's ease of doing business rank improved, forex reserves increased, Nigeria successfully issued bonds. It started a tax amnesty program, a social program that allows more kids access to food, created jobs, gave loans to farmers, artisians and traders, reduced food insecurity, nigeria customs service recorded high levels of revenue collection, invested in infrastructure and reduced boko haram deaths. I used several sources to verify these claims(I cannot verify all because data does not exist for some of the claims). The main sources I used include Trading economics and Wikepedia. Both are good verifiable sources. (Yes, wikepedia can be edited by anyone. However there is a system of constant checks where every edit is checked by multiple contributers to ensure it is correct.) https://tradingeconomics.com/nigeria/gdp-growth-annual Gdp fell to its lowest level after buhari assumed power and has currently risen to less than 1/3 its 2014 level and 1/4th its 2010 level. So while the gdp went from negative of 2017 to positive, both were under Buhari. I don't blame buhari for this one because Nigeria's economy was very oil dependent and it imports most of its consumer goods. A crash in oil was bound to wreck the economy. A recovery from recession in 2 years is not bad. https://tradingeconomics.com/nigeria/foreign-exchange-reserves Forex fell from 2013 to 2017 and has now bounced back to its 2013 level. This is impressive but not comparable to the growth of the previous decade. https://tradingeconomics.com/nigeria/government-debt-to-gdp Govt debt rose sharply from 2015 to 2017 and did not fall at any point. It also did not fall but stayed stable during the previous govt. It is thus possible that the previous govt squandered the forrex that it claimed to have used to pay off debt. The current government may have borrowed to help stave off the reccession. https://tradingeconomics.com/nigeria/industrial-production Industrial production dropped sharply following buhari's taking of office and has now risen but is still far below pre 2015 levels. https://tradingeconomics.com/nigeria/gdp-from-agriculture Agriculture has risen but is following a year upon year rise and is not due to Buhari. https://tradingeconomics.com/nigeria/foreign-direct-investment Foreign investment fell sharply during Goodluck Jonathan's tenure and has remained low. https://tradingeconomics.com/nigeria/stock-market The stock market fell sharply following his appointment (Again possibly due to the crash in oil prices) and has recovered since 2018 reaching pre crash levels https://tradingeconomics.com/nigeria/inflation-cpi Inflation rose sharply in 2016 and has been falling since 2018 although it still remains at the highest level since 2010 Power supply appears to have increased although prices have also risen. https://en.wikipedia.org/wiki/Ease_of_doing_business_index Nigeria has become easier to do business in following disasterous years where it rose from 94 to 147 (A higher number means it is harder to do business in) https://tradingeconomics.com/nigeria/unemployment-rate Unemployment has risen sharply since 2015 and has increased very fast this last year. Buhari has failed here. https://www.transparency.org/news/feature/corruption_perceptions_index_2017 Nigeria became more corrupt in 2016 than the last decade and then slightly less corrupt in 2017. Overall Buhari has failed to fight or make any significant difference to corruption https://guardian.ng/business-services/money/the-absolute-sense-of-infrastructure-investments-in-nigeria-2/ According to this report Nigeria is investing in infrastructure which, along with investing in industry is the country's only hope. in 45 years the oil will run out and should Nigeria not dramatically transform, the people will have to go back to farming with no clothes, electronics or other luxuries. http://www.bbc.com/news/world-africa-42735414 https://www.thecable.ng/path-of-a-ruthless-killer-all-boko-haram-deaths-in-2015 Boko haram deaths declined sharply from 5000 in 2015 to 900 in 2016. However, since then they've slowly been climbing up. Also have emereged groups of fulani militias that have been wrecking havoc. Thus while Buhari did reduce the deaths by boko haram he has failed to adequately increase secrutiy as boko haram deaths are now rising and fulani militias have come about which wreck mass havoc. All in all Buhari has performed neither significantly worse not any better than the previous governments. However buhari faced what previous govts did not, a massive recession. Given the recession it is difficult to accurately guage his performance and who knows how he would have performed had the recession not occured. However, to those that claim that buhari destroyed Nigeria and to those that claim he saved it. He did neither. Overall his perfomance was pretty bland and is comparable to that of previous governments. While his economic performance is difficult to judge his performance on security and corruption, two of his other campaign promises have been lackluster. Security looked good from 2015 to 2016 but has again worsened and the arrival of fulani militias has again increased the death toll in Nigeria. |
hiawathia1981:Research and Development. I was trying to write a capital d but it got changed to an Emoji. |
56.4 % of the average Nigerians spending, is on food. This is what happens when you destroy your country's agriculture and have to import food.
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Terrible advice! Yeah go for marriage not sex but 3 weeks is nowhere near enough to really get to know someone. |
hiawathia1981:Thank you and yes South Korea truly managed to change its economy around by focusing on export intensive and value addition industries. For instance much of its export wealth comes from integrated circuit chips that are difficult to manufacture and are needed in nearly all electronics. While Nigeria cannot rely on value added exports due to the three factors South Korea had which it does not 1) 100% literacy by 1960 with an excellent education system 2) Close partnerships with Japan and the U.S. 3) Large quantities or American investment However Nigeria has ample farmland and a large population. It can thus focus on industry and agriculture. It can start on a low skill basis running textile mills, cement manufacturing and crop cultivation. Use the revenues from these to invest in education and R& . As people become more intelligent and the know how improves, move onto second tier industries. Make clothes and export, create construction firms, process food and make oils and pellets. They all will earn higher revenues than the base materials. Slowly enter higher skilled industries as the revenue comes flooding in and end Nigeria's affliction of the Dutch Disease. |
I mean, would you expect anything different? Nigeria has a gdp growth rate of 1.9%. A population growth rate of 2.8%. Most of its growth comes from the oil and gas sector which requires minimal labor. Unemployment in Nigeria will increase year on year and the people will become poorer each year (Gdp increases by tiny amount, population increases by larger amount. The result is a smaller share for each person). The only viable solutions are to invest in Agriculture and Industry. Not in services. While every Nigerian seems to want to go into a service related business, only Industry or Agriculture expansion will create mass employment and their growth will spur the growth of the country's GDP thus making all Nigerians richer. Start by focusing on the things Nigeria can do well or has the potential to excel at. Start with textiles. Nigeria imports most of its textiles despite the north being viable for cotton production and textile mills being cheap to establish and require minimal knowledge to run. Produce enough textiles to satisfy domestic needs then export. Then move to cement manufacturing. Nigeria has limestone mines and can produce cement thanks to its rivers. It can use this cement for domestic construction and export to the rest of Africa. From there move onto solar. Nigeria has great solar capacity and can even sell power to nearby neighbors. In the meanwhile also create large scale farms jointly held by groups of Nigerians which can meet the countries food needs and then supply other African countries. Also set up tradesmen and apprenticeship programs to train non schooling Nigerians in skills they can use. Nigeria currently has 80 million people in extreme poverty. This is set to grow to 100 million by 2030 if a rapid turnabout does not come. |
Lol this is a terrible Idea. Nigeria does not have standing agreements with tax havens (As far as I know). Neither does it have the political clout to go after money that leaves the country. Start persecuting the rich corrupt people and all their money would flee abroad. Billions would stream out of the country into offshore tax havens and foreign investments. A better solution is to stem corruption and to encourage those with corrupt wealth to invest back home in industrial expansion schemes. Going after the money without safeguards is just a way to ensure the rich and corrupt flee with their money. |
Look, Nigeria has a gdp growth rate of 1.9% as per 2018. It has a population growth rate of 2.6%. This quite simply means that the economy is expanding at a slower rate than the population thus causing people to become poorer (More people to spend resources on, less resources to spend). As such the availability of jobs in Nigeria is likely to go down over the next few decades, not up. There will be less jobs each year, not more. No government can change this unless they artificially inflate the civil service with unnecessary fake jobs. The only way to create more jobs is to either grow the economy by expanding the industrial sector or agricultural sector...or to reduce population growth. |
Whogoblog:Lol this is exactly like those white people who come to black lives matter rallies and say "all lives matter" not just black lives. Yes, the people being killed in this case are humans. Yes, all lives matter. However, that does not change that in the US, overwhelmingly black people are targeted by cops because of their color and in Nigeria it is overwhelmingly christians being killed because of their religion. March in protest against christian killings, join hands and protect your fellow Nigerians and then, only then do you have the right to comment. |
papoudaupolos:That wasn't me ? I didn't say Islam was the cause. I'm merely saying that neither islam nor christianity make a country good or bad. |
papoudaupolos:That wasn't me that said Islam is the cause of problems. Im merely saying muslims also mass slaughtered people, just like christians. |
papoudaupolos:In that case no, obviously not all muslim countries are in crisis. Some are doing really well. I'm merely pointing out that not all of those are under sharia law. In fact only Saudi and Afghanistan follow full sharia law. Most of those countries only use sharia law for family disputes and some of those countries are secular. |
papoudaupolos:That is because religion has nothing to do with the success of failure of a country. It takes good leaders and hard workers, not imams or pastors to make a country succeed. Some christians and muslims are too blinded to see that. |
Sirjamo:Israel didn't invade any muslim country, on the contrary it's muslim countries that constantly have tried to and have failed at invading Israel |
papoudaupolos:While his point was stupid, so is yours. Dubai is not a country, the UAE, Qatar, Oman and Kuwait do not follow sharia law except in the case of family law. Kazakhstan is a secular country with no sharia law. Indonesia is secular and does not have sharia law. One state in Malaysia has sharia law. All of these are well developed due to intelligent leaders and oil resources, not because of sharia law. |
saeedowolab:I have no idea which language you're typing in but whites weren't the only ones who took slaves. The Arabs took 15 million black slaves, a full 3 million more than the whites did. |
papoudaupolos:So we just ignore the mass slaughter of non muslims in Iran, India and parts of Africa by the invading muslim armies ? While yes Christians did kill a lot in the world wars it wasn't because they were christian. That's like saying in the Iran-Iraq war muslims killed millions of muslims. They did, but it wasn't because of religion. The UAE does not have Sharia law punishments. It only has sharia law for family and finance issues and that too only for muslims that choose it, they can go to civil court also. Saudi Arabia has mass human rights abuses and executes several people each year. Malaysia does not have sharia law except in one state which is the state that no one visits or travels to. These countries aren't doing well because of sharia law but because of clever leaders with good policies. Afghanistan also has sharia law and is a shithil. |
To the muslims who think trump hates them, he really does not. Trump has never said anything against muslims before he began running for president. He then said the things he did to secure votes from the Evangelicals and since winning he hasn't said anything anti islamic. He did it for votes, just like Islamist governments use religion to win votes in Egypt or Sudan. His "muslim" ban was not a ban on muslim countries but on the 7 countries where most terrorists come from. If he was banning muslim countries he'd need to ban 58. Why would he then have made it easier to get visas for gulf muslims? You need to look beyond your hurt religious sentiments and see why people do the things they do. Politicians often use religion to win votes. They have in Nigeria and in any muslim and christian countries. |
Every single one of them wearing weaves lol. In which other country would you find people this embarrassed to show off their natural hair? |
please?