₦airaland Forum

BluntTheApostle:
We have not gotten to this stage. Supposing we can afford to pay into every account connected to a BVN, and allow people to shop, we still need great electricity supply to preserve perishables, especially meat and fish.



And who would pay for all these things? A low-income country like Nigeria? Please, let us be realistic. Except you are not in this country, you should know the realities of things here.

The government knows that they are financially constrained by the mere size of our population against our meagre budget, and that was why they took the risk to ease lockdown.

People can do without 'perishables'. In place of meat ,eggs, in place of fresh fish, dried fish. Alternatively people could also dry meat.

Yes, Nigeria happens to be poor but with a plan, everyone in this country can recieve 100 to 200k from the state.

The state can commercialise some of her strategic assets post covid-19.

At the moment, Nigeria should be spending her way out of this crisis. Consuming things that are locally made. We can afford anything as long as they are locally manufactured. That should be the principle guiding Nigeria's response.

Countries that fail to spend now in a bid to sustain their economy will reap the bitter pill in no distant time.

No one is under any illusion that Nigeria is rich but Nigeria has to spend strategically and aggressively if it has to break the chain of poverty.

If I was running the show I would be talking about 40 to 100 billion USD in spending for this fiscal year.

Golan007:
100k?


No go work.

If they want, they can. The issue is they don't have a plan.

BluntTheApostle:
There are no true alternatives to markets.

Forget online stores. They will be overwhelmed if we were all to shop. Moreover, how many online stores manage perishables well?

It might work in developed countries with solid road networks. But in Africa, where most countries are low-income, online stores would be overwhelmed if we were to erase physical markets.

What about involving the military in the supply chain? What about paying money into every account connected to BVN so that people could buy prior to lockdown?
What about using toll free phone lines for orders? There are lots of things the government can do differently if they are serious.

The NURTW have units in every nook and cranny of Nigeria. Their network can be used to sustain the supply chain instead of online stores or in conjunction with online stores.

emmasege:
There are alternatives to 'church gathering' as individuals can still meet at family or house fellowship level. But there is no alternative to going to market. People must feed.

Abi Bishop will feed his flock (tens of thousands) with physical food after feeding them with spiritual food? Jesus did it, Bishop should also do it.

Bishop Oyedepo should announce free lunch for all worshippers on Sunday with an additional #5000 pocket money for indingent worshippers every Sunday.

And let no pastor sermonise worshippers to give. The giving should be voluntary and the poor should not be made to feel as if they sinned by not giving or that they are blocking their source of blessings by not paying tithe.

The gospel has gone beyond the elementary doctrines of tithing, giving and prosperity.

There are alternatives to markets, any public gathering can cause the spread. What the government should have done is home supply of the basics or 100k per bvn cash payment prior to a complete lockdown.

goziem1982:
prefer a government whose failure is as a result of unavoidable circumstances and world politics to a government who had all available resources to be successful, yet they looted all.

You can become most foolish person when you decide not to tell yourself the truth for once even when you know the truth.

Whatever condition Nigeria finds herself in, it was a choice. People made that choice, the president made that choice. In the last 5 years he wasted opportunities or let his associates loot the country try.

Babachir Lawal's 'grasscutter' scandal was in this government. The allegations levelled against the chief of army staff and his wives was just waved aside. Under Buhari's watch as petroleum minister there has been no accountability in NNPC. The former minister of state, Ibe Kachikwu did mention deals the NNPC embarked on without due process.

Pastor Oyakilome is 100 percent right! Nigeria being a country most people don't reason, many will condemn him.

By the way, I don't attend his church, never been there before.

Racoon:
Meanwhile, the battered Niger Delta & other community wherein you have been doing the exploration & lifting crude oil have been struggling for good life from antiqiuty without anyone hearing their cries

Nigeria failed the Niger Delta, not the oil companies.

Both bigots from Kastina.

This is how you and your Chinese colleagues spread diseases like COVID 19!

Upon all the oil allocation Northern state and LGAs are taking! There doesn't seem to be hope in sight for Nigeria in the next 3 years.

Yoruba, Igbo or Fulani, you are all wicked, wicked in your special ways.

I sympathise with the poor mother, she must have been the victim of child abuse if she is truly the mother of a 28 years old woman at the age of 44.

Thank you mr President. Please make the people of my home state feel more secured. Many of these security breaches seem to be coming from outside, the other time governor Wike said armed robbery syndicates are mostly from Anambra. The FG should look into it and find a lasting solution.

Good news!
For all the communities Nigeria has oppressed for the their oil in the last 60 years, this is a great moment.

NextD18:
Just imagine! Even with the high rate of Coronavirus cases in their state.

Truth is; Lagos is arguably the state with the most insane, ignorant and careless people in the world. When it comes to civility, comportment and courteousness, 90% of Lagosians cannot cope in sane and calm cities like Abuja, PH, Owerri, Asaba and some Northern cities.

Very anyhow set of rascal people quick to form porsh hiding under the slogan "I dey Lag".

Smh! To an extent, people living in Onitsha and Aba are way more civilized, careful and comported than them when it comes to security and health.

Sane cities?

No mention of Calabar, Enugu or Uyo!
This list of yours was 'rigged', "We will not take it!".

Yenefer:
Sahara rumorers. SAS wears facemasks during his father's burials. even if he is positive, he is not spreading it and he traveled back to Abuja without Entourage. Fake news. sowore is becoming nuisance with his lamesahara rumores

Face mask doesn't prevent infection, it mostly helps prevent spread when the user is infected. The face mask that can largely prevent infection is the n95 grade

https://www.youtube.com/watch?v=Jd0Ycz5ZWOk

philip0906:
Rivers state boys (even their girls) with their devilish, hardened and criminal minds...I have never seen a more stone hearted people than peeps from that way

None of the suspects is even from Rivers state, they are from other states. Like Wike said, I am beginning to believe criminals disturbing the state are mostly from other states. Maybe there should be restrictions on who should be allowed to visit or stay in our state.

mondayaudu:
The truth is that physical banking hall is now outdated. Almost 80% of work done there can be done online. When Wema bank introduced their full digital banking platform called Alert, it became a game changer. Banks are going digital! However, I think this could be a fake news......where is the source of this news? Access bank or bloggers?
All the branches listed are about 80% of all access bank branches. They can’t close that at once. I am seeing some areas with 2 branches and both closed. All the branches in Ajah closed? All the branches on awolowo way closed? Broad street? Alaba? Trade fair? We really need to confirm this news...

Nigerian banks don't even have enough 'physical branches'. There's demand for it, the truth is, Nigerian banks being inefficient, can't cut down their operational costs. With less cost they will do just fine.

seunmsg:
Nigerian banks are too fragile. They can hardly survive any downturn in the economy without massively laying off staff.

Some of these banks also bite more than they can chew. What Access bank is going through now reminds me of my little stint with BankPHB.

BankPHB acquired spring bank late 2008 in a very hostile manner. Billions of depositors funds was committed into the acquition. By March 2009, the bank was already distressed and laying off staff. The hostile nature of the takeover also made it impossible for the quick integration of the operations of the banks. There was also the effect of the global meltdown and crash of the stock exchange market that year.

By the Sanusi came in as CBN Governor around June, the bank was already a mess. He did not bother to romance the problem, he simply killed the bank and other banks that were then struggling to survive the global meltdown and crash of the stock exchange market by late 2009.

Hopefully, Access bank won’t go the way of BankPHB.

Nothing wrong with using depositors fund for an aquisition if you have a air tight strategy. Banks in Nigeria have refused to serve the populace. They only serve the government and oil companies. Therein lies their problem.

Atiku is in business to make profit, in other countries governments took over the payment of salaries. Since that isn't the case in Nigeria, workers are bound to lose their jobs.

With the exception of telecom firms, I doubt any other companies can weather the storm in Nigeria without some form of government bailout.

Bonessaw:
Ijaw struggle hinged on enriching the politicians and cultist, while the ordinary man is left with crumbs. But when you give them the opportunity, they won't utilize it. GEJ spent 6 good years as President and his impact was barely felt by the Niger Delta.

Wake me up when these people are serious!

You've listened to Lai Mohammed's lies for too long! Jonathan served Nigeria for 5 years not 6.

wirinet:
You people never tire of lying and false equivalence in trying to demonise Buhari and saintify Jonathan.


False equivalence. You cannot compare the structure of Saudi Arabia and Russia with Nigeria. Nigeria has 4 times the population and one fifth the oil revenue. Russia has about two thirds the population of Nigeria, but with the same oil exports as Saudi Arabia in addition to being the highers exporter of natural gas in the world. Both countries operate authoritarian regimes with little cost of governance. Meanwhile, Nigeria operates about the most expensive government in the world, only rivalled by that of the US.


Since you guys will not tired to push the myth and legend of Jonathan, we too will not tired to burst your lies and put the records straight. Which judgement did Jonathan get? please post the judgement here for all to see.

He tried educating Nigerians on the need to save, but he did not educate himself on the need to save, afterall the federal government collects 56% of the revenue of nigerian, how much of that did he save?


How much did Jonathan save, when he was borrowing money to pay salaries for his last 4 to 6 months? Who was expected to pay back the monies Jonathan borrowed?

Buhari had to borrow, due to previous debt obligations, rising inflation, rising population, rising cost of governance and most importantly, falling oil revenues


The irony is that it's not Buhari's or Jonathan's children and great grandchildren that will suffer, it's yours and mine.

You people are so obsessed with Jonathan vs Buhari fight that your minds are trapped in negatively and regression. You don't even think of progress.

I can't respond to the jargon you wrote there!


Neither I,my children , grandchildren nor great grandchildren can suffer nor will ever suffer because of decisions any mortal man, nations or spirits make. I don't depend on man for my supplies, God almighty is my source of supply.

We can't be locked up, we never were locked up and can never be locked up.

No matter how you guys lie against Jonathan, data speaks in favour of him. The fact people still stand for him even after five years and his memory is still taunting Buhari's government is a testament to Jonathan's greatness.

BluntTheApostle:
Please, stop comparing Nigeria with Saudi Arabia on their dependence on oil. Saudi Arabia's oil and gas accounts for 68% of foreign export. In Nigeria, oil and gas accounts for over 91% of foreign exports, and in Venezuela, oil and gas accounts for over 95% of foreign exports. Which of these countries do you think would be worse of if anything negative happened to the global price of oil?



Please, what did Saudi Arabia do differently, other than planned to expand non-oil industries just like what Buhari did when he gave tax holidays in the mining sector, pumped funds into transportation, and boosted agriculture?



Which people frustrated Jonathan's efforts to diversify? Which groups frustrated his efforts to fight corruption?



Show me where the will was to save for the good of all? Did you see the amount found on his wife? The woman claimed that no one complained that she stole their money, but she couldn't account for the over 9 billion naira found on her, or for the properties that she and her thieving husband accumulated.



Why does government borrow? Go and take some Economics classes and come back.



There is no proof of incompetence here.



Buhari is obviously more educated than you.



That is why I said you should take some Economics classes so that you would stop showcasing your ignorance.

Mrs Jonathan did not have any public office under Jonathan's government. Someone that claims that a president who only reads cartoons in local dailies is better suited for public than a PhD degree holder would certainly have comprehension issues. A woman that had her own financial institution before her husband took political office is the one some you want act as if she did funds from Abuja to survive.
Since you've decided to be arrogant in your ignorance I won't educate you on what the others did. Mexico adopted a different strategy from Russia and Saudi Arabia.
Economics is too complex for people like you. If that wasn't case, you would have understood the parallels between Saudi Arabia and Nigeria.

Mining is an extractive industry like the crude oil sector but the rules governing that sector was deliberately skewed in favour of the communities and those mining.

Since when did corruption become an export commodity or indice that reflects diversification or how good an economy performs?

You said oil is their highest export earner and yet they couldn't do what did for mining, agriculture or transportation.

Buhari is more " educated " than me, go and ask him what Saudi Arabia and Russia did.

What sensitive information does the Nigerian state have?
Abeg make dem free pesin!

wirinet:
Are you telling us you were ignorant about Russia's and Saudi Arabia's economic woes during and after the 2015 oil crash? The ruble fell 50% and inflation hovered around 15%. Saudi Arabia was able to ride the crisis due to its huge reserves. But then, it also suffered slight economic discomfort as a result of the oil crash. All countries that depended on oil suffered one way or the other during the 2015 oil crash.

If you read before making your comments you would have noticed that I said, both Russia and Saudi Arabia took steps since 2016 that placed them on stronger footing. In the case of Nigeria, her petroleum minister and president, Muhammadu Buhari did not act as expected.

Great development!
I hope it ends up being more than that.

[quote author= post=89046961]As at today, 30th of May 2020.
30 Million USA citizens have lost their jobs!
Just saw it on CNN.[/quote]30th may 2020 never reach now!

BluntTheApostle:
Nigeria and Saudi Arabia have similar structures? What do you mean by similar structures? I know Saudi Arabia to be a monarchy, and Nigeria a democracy. Russia is democratic with a relatively stronger central government that is getting more powerful under Putin. And if you mean economic structure, check the disparities between Russia's major exports, and check the wide disparity between our major exports and other exports. Saudi Arabia, aside oil, draws in a lot of revenue from tourism just like the United Kingdom, and this can more than serve as a buffer against oil price crashes or fluctuations.



Because we officially entered into a recession under Buhari does not mean Buhari caused the recession. Jonathan was warned earlier by the Economist to save, diversify from oil, and fight corruption. Instead of heeding, they were spending dollars on reelection campaigns. As way back as 2014, there were already telltale signs of the recession, and before the 2015 election, Charles Soludo warned about tough times ahead:

The presidential election next month will be won by either Buhari or Jonathan. For either, it is likely to be a pyrrhic victory. None of them will be able to deliver on the fantastic promises being made on the economy, and if oil prices remain below $60, I see very difficult months ahead, with possible heady collisions with labour, civil society, and indeed the citizenry. To be sure, the presidential election will not be decided by the quality of ‘issues’ or promises canvassed by the candidates.
https://www.vanguardngr.com/2015/01/buhari-vs-jonathan-beyond-election-charles-soludo/





Who said I expected miracles from Jonathan? He did little with so much, and lacked the will to fight corruption. People even got funds on spiritual matters out of funds meant to fight Boko Haram. The Economist called him the Ineffectual buffoon



And what did Jonathan himself do for his community when he was president. It was Buhari who fixed the abandoned road to Otuoke.



Which Nigerian leader is not a despot? Do I have to list human rights abuses that happened under GEJ?

Saudi Arabia is structured like Nigeria because the resources bearing regions in both countries are being looted to finance the excesses of their respective ruling elite. Both countries have been heavily dependent on petroleum resources for their respective budgets.
In contrast to Nigeria, Saudi Arabia prepared for eventualities like this since 2016. Like I pointed out earlier, Muhammadu Buhari, your petroleum minister and president had enough time like his counterparts in Saudi Arabia, Mexico and Russia but he did nothing despite that being the cardinal point of his campaign.

On Jonathan, you are not being truthful. He made several attempts to pass the necessary laws but you people frustrated every effort in the parliament.
He tried educating Nigerians on the need to save the rainy days but you people decided to " occupy Lagos" and leaders went to court against him . When you finally got the judgement you wanted, Jonathan stopped saving.

That money he saved is what Buhari has exhausted from the Sovereign Wealth Fund Jonathan created yet you are blaming him for Buhari's failure. Buhari doubled Nigeria's debt with 5 years and has virtually nothing to show for it. He has plans to borrow more, none of you is complaining about him, you are still blaming Jonathan for Buhari's failure.

You know you are incompetent and you apply for a job!

Well, Nigerians did not ask for a PHd but for a "Nepa bill"..let him create more Bill's for you Nigerians!

God being so kind, oil can't foot the bill any longer. They will tax the hell out of you, your children and your grandchildren.

E no concern us!

QMNIX:
Guy, you are holding on to GEJ tightly and it seems strange that you have forgotten quickly that GEJ was as clueless if not more than PMB. Have you forgotten the scam one of his ministers perpetuated all in the name of employment, only to get them killed in stadium by stampede due to poor planning.
what about the PID scam? Malabu scam? No country on earth deserves GEJ as president for the second term.

All you quoted just shows how ignorant you are!

The Malabu license was issued the same time Theophilus Danjuma's license was issued . How come only Malabu became an issue for Nigeria's elite?
Under what circumstances did the likes of Alakija get oil blocs?

If you were not ignorant you should have known Nigeria's economy under Jonathan can only be compared with Nigeria's economy under Gowon. In both eras Nigeria recorded very strong growth. In less than 5 years Buhari has plunged Nigeria into 2 recessions, is about to lead into a depression. As military ruler he led Nigeria into a recession. Yet, people like you didn't learn, today all of Nigeria has to suffer for the foolish decisions people like you made.

Have you asked yourself why Obasanjo and Buhari decided to be petroleum ministers in their respective cabinets?

Why didn't they settle for power or agriculture if they had to have a portfolio?

BluntTheApostle:
These countries are not resource dependent like Nigeria. The reason why Nigeria and Venezuela were major hits was because these two countries are dependent on oil.



I voted for Buhari to begin the rebuilding of the country. I understand that our problem goes beyond leadership, and is more of structure. So, I didn't expect miracles from Buhari. However, as at 2015, GEJ had overstayed his visit.

This shows you don't understand how these countries are structured! Saudi Arabia and Nigeria have a similar structure yet it didn't suffer like Nigeria. In the last 5 years, Nigeria's petroleum minister, Muhammadu Buhari had no plan. Since 2016, countries like Saudi Arabia and Russia had plans in place.

You didn't expect miracles from Buhari but expected miracles from Jonathan!

GEJ overstayed his visit according to you. I am not in anyway surprised you used the word visit. In any case, you felt 5 years of Jonathan was too long a time for Nigeria but you people can plunder Jonathan's community for more than 60 years without any sense of remorse or guilt. Yet you wonder why Nigeria has failed to make progress.

I can understand why you prefer despots like Obasanjo and Buhari.

BluntTheApostle:
Such ignorance!!!

So, Buhari caused the recession? All those oil countries such as Venezuela that entered into a recession due to global crash in oil price also had their recession caused by Buhari.

Wonderful.

Why didn't you complain about Mexico, Russia and Saudi Arabia who are not crying like you guys?

People like you voted Buhari because he promised to " stabilise global oil prices ". How come he no longer knows what to do no the prices have dropped? As oil minister, what has Buhari done since 2015 till date to fulfill his campaign promise?