₦airaland Forum

koladata:
See how they ruin this country... one by one

I asked ChatGPT today how much it will cost to build 5k megawatt, it says 5billion dollars, I then asked how much was Nigeria generated revenue for 2025, it says 35 to 50 billion dollars.

Dangote refinery was able to build his own power within a year and they currently have about 540 megawatt, meanwhile the entire country has less than 4k megawatt, is that not counterintuitive

So what are you as an individual doing about it

''
Jonathan said he had approved Alison-Madueke’s use of private jets on some foreign trips.

“Any properly incurred incidental or in-kind assistance from third parties would be recorded and reimbursed where applicable,” the BBC quoted the former president as saying in the statement.''

THE QUALITY OF UTTERANCES IN THIS CASE OF DEZIANI FROM AN OTUOKE NATIVE MAN WHO WAS A NIGERIAN PRESIDENT, SUGGESTS THAT ANY PERSON IN NIGERIA CAN BE PRESIDENT IF THE RIGHT CONNECTION WITH A FEW POWERFUL CABALS IS THERE. YOU DON'T NEED TO BE INTELLIGENT OR FULL OF DIVINE WISDOM.

LITTLE IS IT A SURPRISE THAT THE COUNTRY IS STILL GROPING IN UTTER DARKNESS AS THE STATE-SHIP HAS BEEN PILOTED IN DECADES BY NATIONAL LEADERS WHO ARE INCAPABLE OF DELIVERING TRANFORMATIONAL GOVERNANCE. WHAT A PITY! WHAT A VICTIMIZED NATION!

okosodo:
This Dezaini matter is Tunubu's distraction alternative. She is not the only thief we have had in nigeria, but she is the most prosecuted.... Smell the cofee

How is Tinubu using it as 'distraction alternative'? This case began in the UK courts, during Buhari's administration, so what has Tinubu got to do with it?

Your second comment is too daft- so, because Diezani isn't 'the only thief we had in Nigeria', the UK courts should acquit her of all her corruption charges?

Did you use this brain to go through your educational journey from primary school? Damn!

The law will surely take its course 😜

Jonathan was used by Diezani

koladata:
See how they ruin this country... one by one

I asked ChatGPT today how much it will cost to build 5k megawatt, it says 5billion dollars, I then asked how much was Nigeria generated revenue for 2025, it says 35 to 50 billion dollars.

Dangote refinery was able to build his own power within a year and they currently have about 540 megawatt, meanwhile the entire country has less than 4k megawatt, is that not counterintuitive

Lies. Stop looking for serious info on CHATGPT. If CHATGPT is accurate , it should be able to tell you where to invest and you will make 50m with 1m in one year.

If you are summoned to back up your statement with evidence; you will claim victimisation.

Jakarta:
Not surprised, Diezani was Ur expensive side chick. She used her kpekus to control your brains, thereby giving her the privilege of looting our national cake carelessly.

Dogalmighty17:
Deizianni is one of the reasons why Jonathan lost his reelection bid.

Jow do people reason

okosodo:
This Dezaini matter is Tunubu's distraction alternative. She is not the only thief we have had in nigeria, but she is the most prosecuted.... Smell the cofee

Tinubu is controlling the UK law prosecution system? What a powerful Nigerian.

Same way I am sure your kind believe Tinubu influenced Finland to Jail Simon Ekpa.

I wonder if some of you think before you rush to post.

SlavaUkraini:
https://www.thecable.ng/in-written-statement-jonathan-tells-uk-court-he-approved-diezanis-private-jet-use-for-foreign-trips/

Mr Woman wrapper why won't you approved it for her after she used her kpetus to confused your entire life and career.

Rindo69:
If you are summoned to back up your statement with evidence; you will claim victimisation.

Use your gun come summon me you hear?

okosodo:
This Dezaini matter is Tunubu's distraction alternative. She is not the only thief we have had in nigeria, but she is the most prosecuted.... Smell the cofee

Go and free her in London now when you are done smelling the coffee

Saturnalia:
Can you just imagine? And some people are wondering & lamenting why this ogogoro drunk was booted out of Power.

Imagine him putting a lie in written form for the UK court

Thewrath:
Healing takes time,you don’t heal an economy,you fix it,fixing is as simple as replacing a blown fuse in an extension…unless of course you have no idea what the problem is,then you can’t fix it.

Nigeria suffers from a resource curse (Dutch disease). There is no incentive to be productive since we earn so much from crude oil.

Most resource-rich countries insulate their economies from the Dutch disease by saving in an excess crude account (ECA)- a sovereign wealth fund. An ECA reduces the amount of goods imported into an economy and increases the savings, thus strengthening the value of the local currency and reducing the prices of commodities such as electricity, fuel, and food within the local economy.

Obasanjo and Yar'Adua saved over 20 billion dollars in Nigeria's ECA. This action protected Nigeria's economy during the Great Financial Crisis (GFC) that occurred between 2008 and 2009. Jonathan wasted all the money.

Between 2010 and 2014, oil prices averaged close to $100 per barrel. Jonathan wasted all the money.

The effect of such wasteful spending is so difficult to repair. It is similar to putting a fat person in a caloric deficit to lose weight. Personally, I can think of three ways that Nigeria could have repaired the damage.

1. Reduce the cost of governance by firing workers.
Merits:
The general population will not face inflation, so prices of electricity, food and petrol will not increase. The Naira would have remained stable at N160 to a dollar.
Demerits:
The workers who lose their government jobs will suffer. The citizens will blame the government for firing workers, and will blame the president.

Buhari and Tinubu did not implement this policy.

2. Increase the government's revenue by raising taxes on the rich.
Merits:
The general population will not face inflation. The rich have a high disposable income, so they will still meet their necessities. The naira would have remained stable.

Demerits:
The rich would have challenged the government to provide quality services. This would have forced checking and balancing on the government's accounts.

Buhari and Tinubu did not implement this policy.

3. Devalue the currency (Naira) while blaming external forces or subsidies:
Merits:
Imports will reduce, and the currency will become stable after the massive devaluation. Debt will reduce, and capital will flow into the economy.

Demerits:
Massive inflation will push prices higher, impoverishing the population for decades to come.

Buhari did not choose this, and did everything within his power to prevent this from happening. This is the policy solution Tinubu chose.

In summary, Jonathan created the problem. Buhari implemented no solution, and Tinubu picked the worst possible solution to protect government workers and the rich, but to destroy the general population. Unfortunately, the rich also cry.

peacenow:
If this is true, Jonathan needs to be tried with her

presidential immunity, same way all the corruption emefiele comited not a single mention of the mans who's orders he was under

keemsleek:
They have divorced. But she was still using the name.

same way that kogi cloutasha is using her husband as a figure head to further her political agendas. Women really know how to play the impression and manipulation game better.

Duplex90:
same way that kogi cloutasha is using her husband as a figure head to further her political agendas. Women really know how to play the impression and manipulation game better.

Exactly. Good morning

Saturnalia:
Can you just imagine? And some people are wondering & lamenting why this ogogoro drunk was booted out of Power.

Im sure tinubu has done worse but covering it

Duplex90:
presidential immunity, same way all the corruption emefiele comited not a single mention of the mans who's orders he was under

Only when he was in power. He can be probed after office. He should try it in Asia.