₦airaland Forum

Jokay07:
I have a question to ask you, tell me what is wrong with the explanation he provided? Is it a propaganda too?
It's better to put something in form of question and as for thorough edification rather than making criticism that will expose someone's low level of understanding. IPob has successfully projected their level of understanding as regards to this issue, that's was why I was reluctant to make explanation because at the end of the day, I will still be insulted.

Jokay07:
Op, You even have time to explain. You should have allowed them to swim in the pool of ignorance before you rescue them with this on point explanation. I saw the thread too, but when I discovered that it was composed from IPOB section, I just close it and skip to the next topic.
You are just wasting your time because these people won't understand what you meant by JV and PSC.
The time and effort you used to explain this thing to this bunch of dullards could have been used to do something more profitable.

Rikidony:
THE WORLD POWERS (USA, FRANCE BRITAIN) PLAN TO DESTROY NIGERIA

Nigeria is seen as a future economic power,
in fact it is predicted that the countries economy will overtake that of France in 30 years time,

by 2050 Nigeria will become the 3rd must populated country in the world overtaking the US

the world powers sees Nigeria as a threat to their African policies, with a huge and youthful population which increase workforce while theirs are getting older.
they are bent on making sure Nigeria fails and disintegrate.

on this note I will ask the fg to increase and expand ties with RUSSIA AND CHINA those are our only hope BRITAIN are US poppet

nnachukz:
This is the position of the majority of APC governors.

TimeManager:
When Hero Fortunato Was Dollarising The Economy From Uptown To Downtown- None Of You Were Wailing,

When NOI, The Yam-eater Economist Was Authenticating & Signing Dollar Approvals- None Of You Were Wailing,

When Madam Yam Eater Was Paid In Dollars As A Finance Minister- The Ekpas Were Not Wailing.

When Schools, Hotels, Businesses Were Accepting Dollars As A Means Of Payment- Wailers Were Not Wailing,

Who Would Forget Dollar Notes Been Shared Among Obas, Political Collaborators & Gatecrushers At The Detriment Of impoters & Smal Businesses- None Of You Were Yet Wailing.

When Our Reserves Was Been Depleted- No Wailing Recorded,

Now That We Face The Backlash- Y'all Wailing Profusely,

You Can Go Wail On Your Heroes Who Were Spending With Reckless Abandon Without Investing. You Have Only One Choice- Endure The Consequences Of The Decision Of Your Heroes From Yesteryears Or Wail Me A River. Difficult Problems Require Difficult Solution & Which Is The Reality Of The Now.

No Lie Only Truth!

Bigprozzie:
Key observations:

Actually this is excellent revisionism that shows that we made the right decision to vote for Buhari

The article shows that Buhari has a long history of fighting corruption!

Unlike 1983 when he was a military Head of State, he now has a 4 year mandate (at the least). I am almost 100% sure, he will rule this country till 2023. By then, we will have institutions that no longer tolerate or aid corrupt practices.

Buhari should take his time to address corruption. This is the main issue facing Nigeria. Under Jonathan, within the space of 5 years, the country lost over $30 billion to corruption. That is enough money to provide 24/7 electricity, clean up most of the environmental degradation in the Niger Delta, build roads and necessary infrastructure.

This is dejavu but a positive one.

mbaeeeee:
All these Igbo blogs that use fake Yoruba names in their write ups

Chuku Okiks Alabama is watching u all

StCapital:
Please note,it is true that they put water in tanker carrying kerosene not Fuel, if the Tank is leaking they will put gallons of water in the kerosene tank to protect the Kerosene from wasting before they get to their destination,the water will settle under the Tank while the Kerosene will be up, now the water will be leaking instead of the Kerosene.

omenka:
There's no gainsaying there's gonna be a severe slash in subsidy payments in the forthcoming year given the whispers about the policy in government circles.

Given the state of our financial fortunes at the moment, it is absolutely imperative that the policy be done away with and the monies saved from so doing channeled into the development of critical infrastructure to stimulate the economic growth and development we all yearn for.

With just a few nairas that was saved from subsidy removal some years ago, we all saw what Baba did with PTF. The projects, most of which are still visible to this day due to their quality, bear testament to Baba's prudence and sincerity when it comes to usage of funds.

I believe he can do it again if given the chance.

I know some folks would wanna call me a hypocrite for being supportive of this when I stood firmly against it in the last admin. Let me state for the record and for the last time, most of us who did did so because of the sleaze that was the hallmark of Jonathan's admin. We knew nothing good would come out of it and indeed we were proven right by the revelations made by Christopher Kolade, the guy appointed to manage the funds saved from the partial removal: SURE-p was a humongous scam.

It shall be well with Nigeria.

adconline:
They lied that the budget was going to be financed by blocking leakage and loopholes.. Now it has dawned on them that there are no magic wands to get that done.. They shouted additional revenue , but have refused to show new revenue sources.. These partisan brigands are on Utopian crack!! N2tn added to the 2016 budget is 50% and there is no sane govt that increases its budget by borrowing to fund recurrent expenditure..
BTW, borrowing locally and internationally is going to cause the Naira to further depreciate. Intl lenders must insist on NO curenncy control and removal of subsidies.. Hard times are upon us!!

mazeltov:
leave kemi Adeosun out of this, we shall deal with her later - so tell us your own solution to the problems and flaws you have listed in your statement or what are the possible way out to the problems you have highlighted

PapaBrowne:
Apparently we have the wrong Finance Minister.
In times of Economic crisis, you need the best of heads and this lady doesn't appear like one of them.

Borrow locallyThe question is when the local economy is comatose, how would the populace buy bonds to borrow the FG money. You buy bonds when there is excess liquidity and you want to save long term. There is no money in the system, hence there is gonna be little or no investment in bonds. Worse still, Nigeria has been taken off the Emerging Markets Bond Index, so no Foreign money coming into our bonds. When that happened, the FG said, to hell with JP Morgan.


Economic management is the job of an Economist. This lady, although with a basic education in Economics is an Accountant by experience and nothing more. The ministry of Finance manages our economy. She would have been better off as an Auditor General. Financial Management in economic terms is a totally different ball game. And bad enough, her highest degree is a Post Graduate Diploma.

You set out a 6 trillion Naira budget with an oil price benchmark of $38 when oil is trading at $36 and going downhill. First error.
You decide you will raise a chunk of you finance form custom duties and taxes. You fail to realise that because the economy is weak and dollar rate is high, there would be much less importation, hence reduction in your income from customs.
Also you forget that taxes are on profits, so with a weak economy most companies would declare losses which means they would have no tax to give to you.

I fear for Nigeria. APC has already started out on a terribly wrong footing. First it appear to have no direction at all. And secondly it has the wrong kind of people running its affairs. In a time of crisis, you need the best brains AND especially those fit for purpose. Kemi Adeosun is not capable of running our economy especially in a time like this.

Elosky20:
what do you xpect when nigeria is all of a sudden accepting dollars as a means of exchange,
1 .people nw buy cloths frm supermarket in dollars,
2 .parents nw pay their children fee in dollars.
3. federal govt even change naira to dollars.
4. even crude oil is sold in dollars.
Where are they done apart frm naija.have u ever heard of dollars entering russia, have u ever seen somebody buying something in america with naira, nigeria have to man up and insist on using only naira as a means of transaction in nigeria,

gtrust:
PMB declared the 2 SUVs as gifts from well wishers

The 3 SUVs from the FG to former presidents remain properties of FG and must be returned and replaced every 4 years