₦airaland Forum

Naijahero1:
Nigerians and their megalomaniac syndrome

Are you a foreigner or a tourist

Tareq1105:
Yes, deregulation and privatization of national assets to Atikulooter and his friends signing MOU between Nigerian Port Authority and Atikus Intel for waterways security protection for 25 years.

Is that the prosperity you're talking about? I'm happy that Adiza Bala Usman terminated the agreement when she was MD of NPA.

No, I am not talking about that.

I am talking about what economic experts acknowledge even when they have political differences with PDP strategists.

Abi you have a better overview of our economy than Wale Edun has

Nemere2020:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

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anonimi:
How Indorama sustains manufacturers, boosts Nigeria’s FX earnings

Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.

The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.

Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.

The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.

The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.

https://businessday.ng/real-sector/article/how-indorama-sustains-manufacturers-boosts-nigerias-fx-earnings/

anonimi:
The core of ADC is made up of the politicians who laid the foundation for 16 years deregulation and privatisation prosperity we enjoyed for 16 years before Tinubu packaged his 2011 expired Buhari as APC change messiah four years later.

Do you know anything that has changed for better in Nigeria since 2015? What is it

hahaha privatization of govt assets like nepa to friends and cronies.dey play. U are the one comparing APC and PDP

ozo13:
hahaha privatization of govt assets like nepa to friends and cronies.dey play.

U are the one comparing APC and PDP

This is about PDP governance policies that gave us cheap petrol without loading us with huge national debts, becuase there was less corruption and greater productivity with high employment rates leaving only few people idle for terrorists and other criminals to recruit.

It's unlike the pallaitive sharing progreThief governance model of APC that has worsened extreme poverty and piled up debts even though they removed subsidy to save $84 billion.

I am talking about what economic experts acknowledge.

anonimi:
Neo-black Problem: Must Blacks Be Ruled by Whites in Order to Prosper?

In short, the neo-black dilemma may be framed as follows: is it better to live under white rule without political dignity but with basic life-sustaining standards for many;

or to live under black rule with illusory political dignity and without basic life- sustaining standards for the majority?
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The path forward for Africa lies in cultivating higher and adequate levels of personal and communal agential integrity as well as full personal responsibility and productivity. Not to mention creativity (including epistemic creativity), productive justice (such as merit and freedom), harmony and reconciliation at local and international levels, and a proper domestication of capitalism and other related values and institutions.

Africa must stop wasting her time on dreams of socialism because it is a system of wealth distribution primarily. Whereas, capitalism is a system of wealth creation primarily, and wealth has to be produced before it can be distributed.

https://www.thisdaylive.com/index.php/2024/10/12/neo-black-problem-must-blacks-be-ruled-by-whites-in-order-to-prosper/

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Atlantian:
An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, "OK, we will have an experiment in this class on Socialism principles: All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.

As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. Could not be any simpler than that. These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it!

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

Can you think of a reason for not sharing this?
Neither could I.

Honestly, I was disappointed when I saw Yemi's name on the list. Not knowing that it was harvested like Ekweremadu.

PulaPower:
This is ADC’s problem, not Nigerians..

Your ADC Are Mostly Party If FORMER' politicians, acting as :
-Former Governors,
-Former Ministers,
-Former' Legislatures - who mostly Cannot Accounts For, even the CONSTITUENCY PROJECTS Money 🤑 given to them,For Development Of their AREAS!
So,ADC- should Rest,I beg.
Nothing New Can Comes our if them.

PulaPower:
This is ADC’s problem, not Nigerians..

In the 2023 PEPT we saw how a SAN distanced himself from apc legal team. We do not have short memories.

ADC over reached themselves. What's difficult in contacting people to get their consent, people who are to draft a very important piece of your party.

Switruth:
Let them go to a more credible party then...mad people everywhere.,.

These two are not politicians so no going to other party.

They are posting the errors of ADC PUBLIC APPOINTMENT to 50 wise men and women skipping a simple one on one notification before going to print.

Tenses:
In the 2023 PEPT we saw how a SAN distanced himself from apc legal team. We do not have short memories.

ADC over reached themselves. What's difficult in contacting people to get their consent, people who are to draft a very important piece of your party.

What is the name of the SAN o. You are trying to pass on a fake news as an event that happened

ajailer:
What is the name of the SAN o. You are trying to pass on a fake news as an event that happened

Oya open your mouth let me spoon feed you

Plus Akubo SAN.

odeku457:
These two are not politicians so no going to other party.

They are posting the errors of ADC PUBLIC APPOINTMENT to 50 wise men and women skipping a simple one on one notification before going to print.

So former presidential candidate of KOWA is not a politician? Okay oooo. I don't think you read through.

AMINDA:
It's not that deep. Recuse yourself and move on. Some would rather prefer to sit on the fence or play the activist to keep getting that NGO money and we understand, but real change can only be delivered by those who roll up their sleeves and walk the talk. A critic is someone who knows the way but can't drive the car. At least tomorrow, you wouldn't say you weren't given the opportunity to help make Nigeria better with your "bright ideas."

The average Nigerian has a credibility issue , una like to encourage nonsense but yet complain about not having good leaders . why would you put someone name on a list and publish it without their consent. what is bad is bad what ADC should have done is apologise.

Tenses:
Oya open your mouth let me spoon feed you

Plus Akubo SAN.

lol, if you can show me the link of a major newspaper that published the news, I will believe u….. else keep on doing your no good obidient whatever.

Honestey:
But as long as they are wise, let them get to work na. ABI they no wise ni?

Balaji Abdullahi is a dumb fellow

Truthissupreme:
The error when those in govt dey make appointing dead people nkor

What's the big deal

Meaning there is no differences between the so called Nigerian rescuier and those in government.

AMINDA:
It's not that deep. Recuse yourself and move on. Some would rather prefer to sit on the fence or play the activist to keep getting that NGO money and we understand, but real change can only be delivered by those who roll up their sleeves and walk the talk. A critic is someone who knows the way but can't drive the car. At least tomorrow, you wouldn't say you weren't given the opportunity to help make Nigeria better with your "bright ideas."

Despite all your online noise, your name is not even among. ADC couldn't find 50 registered members, they have to steal names of outsiders without informing them, and here you are; they couldn't even extend inclusion to noise maker like you within the ADC. Is this how ADC wants to win or they are just there wasting times?

Truthissupreme:
The error when those in govt dey make appointing dead people nkor

What's the big deal

Is that all your brain can deduce from this? Then why are you portraying yourself as a better option?

Lanruze:
ADC currently enjoys just one privilege and its Peter Obi's decision to fully join the party.

I don't see anybody of impeccable integrity like Yemi Adamolekun joining forces with a moniker as "Wise Men" with a character like Atiku Abubakar.

Integrity is not bought Ala-carté its earned.

You guys love to overrate una sef.

And this party have been at the fore front of picking the ruling party on this terrible syndrome of "anyhowness" rampant in our society.

So, what change will they really bring, if they can't also do due diligence