₦airaland Forum

zaimeg:
It would have been better neither Buhari nor Jonathan were elected.
There were other people on the ballot.

PassingShot:
My cubicle office can make me employ you on salary of more than N100k monthly.

You need job? Send your CV to passingshot@gmail.com

PassingShot:
It couldn't have been better immediately under PMB. The damage will run its course before things return to normal.

It could have been worse than this if GEJ had been re-elected based on the facts already stated above.

Nukualofa:
Done what? The truth about people like you is that they can't eat their humble pie and tellus that they were deceived by the broom wwielding demons of Change.


Buhari has showed us that you can fail in 1984 and also fail in 2015 and you will be applauded by zoneBs

PassingShot:
You obviously lack the capacity to even understand my position on Babachir.

Anyway, you're noticed. You can now exit.

PassingShot:
You can't even address a single issue of all those presented. You're just acting like a spoilt kid here.

PassingShot:
TonyeBarcanista and his crew, I need you guys here. Let's argue!

hucienda:
Let's just assume for the moment I agree with your second sentence (of which I don't),

To analyse further on the bolded, how long do you think the descent will take before we flatten out and begin the upward trajectory?

This question is very important.

izombie:
what is wrong with some of you? Yes gej has come and gone but you guys are still on him after 2 years. The 16 years you are referring to, most of the people that were destroying naija in those 16 years are in apc now continuieng their destruction of naija. The problem with this government is not past administration but their policies. Companies have sacked workers or folded up because of buhari and his policies. Other companies have relocated to other countries. You talk about cutting down on costs and spending but i ask you, has buhari cut down on anything? The presidency has been allocated more allowances, the senate and house of representatives have also more allowances. The president that budgeted billions for one hospital in aso rock finds it appropriate to travel to oversea just for check up. The feeding allowance for aso rock is almost 2billion now. The worst part is that these people do not even have any plans on how to solve the problems they have created. No matter how you try to defend and twist these things, buhari is the worst president ever in nigeria. You should be ashamed of yourself for trying to defend this. Buhari has failed woefully.

tawa89:
This one is dry...I prefer Barcanista's own .

izombie:
what is wrong with some of you? Yes gej has come and gone but you guys are still on him after 2 years. The 16 years you are referring to, most of the people that were destroying naija in those 16 years are in apc now continuieng their destruction of naija. The problem with this government is not past administration but their policies. Companies have sacked workers or folded up because of buhari and his policies. Other companies have relocated to other countries. You talk about cutting down on costs and spending but i ask you, has buhari cut down on anything? The presidency has been allocated more allowances, the senate and house of representatives have also more allowances. The president that budgeted billions for one hospital in aso rock finds it appropriate to travel to oversea just for check up. The feeding allowance for aso rock is almost 2billion now. The worst part is that these people do not even have any plans on how to solve the problems they have created. No matter how you try to defend and twist these things, buhari is the worst president ever in nigeria. You should be ashamed of yourself for trying to defend this. Buhari has failed woefully.

zaimeg:
He doesn't live in Nigeria.

Nukualofa:
salary of 100k

Don't cause war among your fellow zoneBs because their own take home is 20k

izombie:
what is wrong with some of you? Yes gej has come and gone but you guys are still on him after 2 years. The 16 years you are referring to, most of the people that were destroying naija in those 16 years are in apc now continuieng their destruction of naija. The problem with this government is not past administration but their policies. Companies have sacked workers or folded up because of buhari and his policies. Other companies have relocated to other countries. You talk about cutting down on costs and spending but i ask you, has buhari cut down on anything? The presidency has been allocated more allowances, the senate and house of representatives have also more allowances. The president that budgeted billions for one hospital in aso rock finds it appropriate to travel to oversea just for check up. The feeding allowance for aso rock is almost 2billion now. The worst part is that these people do not even have any plans on how to solve the problems they have created. No matter how you try to defend and twist these things, buhari is the worst president ever in nigeria. You should be ashamed of yourself for trying to defend this. Buhari has failed woefully.

zaimeg:
He doesn't live in Nigeria.

hucienda:
Let's just assume for the moment I agree with your second sentence (of which I don't),

To analyse further on the bolded, how long do you think the descent will take before we flatten out and begin the upward trajectory?

This question is very important.

PassingShot:
A cleaner in my workplace earns more than N200k in naira. You need job?

tawa89:
This one is dry...I prefer Barcanista's own .

Ngokafor:
...Exactly!!..@all,Passingshot does not live in Nigeria

Boleyndynasty2:
Why do you people feel or see the need to write long epistles about a government / politicians who don't give any fvck about you? Will this long write up change d sorry state of the country?


Young men, speed your time on meaningful worthwhile stuffz not defending something that is totally undefendable( if Ders really any word like that) .

PassingShot:
How is that a problem?

luvinhubby:
Speculation

Rice was 9,000 per bag before Buhari, today it's 20,000, that is all that matters to 170 million Nigerians.

PassingShot:
How long it takes the economy to exit recession depends on some policies and strict adherence to them.

The good news is there are positive growth in some part of the economy already and that indicated aan upward journey out of recession.

PassingShot:
Only if there was honor among thieves!

In response to the thread by TonyeBarcanista, it is important to constantly remind him and those like him who have demonstrated to be gifted with short memory, how and why we are in the sorry state we are.

Without wasting time, let’s liken Nigeria to a young family man who worked for sixteen years on very decent monthly salary of N1,000,000. In the sixteen years he earned N1M monthly, the said man has acquired taste for luxury life, living in a duplex in Ajah Estate with all the good things life could offer. This man was living large and had little or nothing in savings. Then one day, he lost his high-paying job and could only manage to secure another one which offers a third of what he used to earn. His new job only pays N300,000 monthly!

Without being told or advised by anyone, the man must realize that he can no longer house his family in the Ajah duplex they’d lived for sixteen years even if there was savings let alone when there is no reasonable savings. He must therefore scale down on EVERYTHING about his living and that of his family. He will need to change his children’s school. He will need to move into a 2 or 3 bedroom flat in Ikorodu or Agege. He will need to ride a smaller car. If his family used to go on weekly/monthly picnic, that also must stop. His and his family choice of food will change. In fact, he must engage more in DIY (Do It Yourself) than ever before for some tasks. Such man will have no one to blame for needing to scale down on his living except himself!

If we all agree that the man in the example above must cut back on his spending with a lot of sacrifices, there should be no reason why any reasonable person will fail to understand why Nigeria is in the current economic mess or what sacrifices Nigeria must make to weather the storm.

OBJ, with all his flaws, managed to build decent external reserves ($45bn ), created and built the excess crude account (above $20bn) for rainy days and was able to hand over good economy to Yar’Adua. Yar’Adua was on the same trajectory before his creator decided to take him away.

GEJ inherited $47bn in foreign reserves plus another $20bn+ in ECA. During the over five years he spent as president, crude oil which is the major source of income to Nigeria (responsible for more than 90% or our dollar earnings) sold for an average of $100 per barrel, yet the hugely incompetent man from Otuoke found a way to plunge the reserves to an abysmal level of $29bn as at the time of his exit and went on borrowing spree (which was also looted) even when there was no need to. In fact, GEJ and his gang r@ped Nigeria without mercy such that the FG had to borrow money to pay its workers in Nov 2014 and March 2015 just because crude price crashed from $100 to $76 a barrel. Sane minds can only imagine how such regime could have fared, or how much we would have suffered, if they were in charge of our affairs when crude crashed further to $27 a barrel.

Let’s not even talk about the ECA which his supporters will be quick to blame the governors for asking it to be shared. Though they will pretend not to know that the request of the governors made perfect sense for the fact that GEJ and Ngozi were fond of stealing from the account which jointly belonged to the FG and the states, they know in their mind that there argument lacks merit.

Is there anything happening in Nigeria today that was not foreseen, predicted or that we were not warned about? The answer is a resounding NO.

Let us refresh our memory with the warnings and predictions about today’s hardship and economic woes perhaps a few minds will be more objective and more reasonable.

1. OBJ warned Jonathan in Nov 2014: Extracts from the report:

"Sooner or later, the Naira will have to be drastically devalued without any advantage to our one commodity economy but with horrendous disadvantage to already impoverished Nigerians. We will all sink deeper in poverty except for those who have corruptly stashed money abroad and who will start to bring such illegal and illegitimate funds back home to harvest more Naira. All the economic gains of recent years and the rebuild of the middle class may be lost.”

“In the end, more businesses will close down, business men and women, entrepreneurs and investors will incur more debts. Foreign investors may temporarily stop investing in a downturn economy.
“Because of the Naira depreciation, workers, particularly in the public sector, will ask for pay increase, which may be justified but will sink us deeper in the swamp.
“The scenario, which may sound alarmist, is hard to imagine but the signs are there and it would appear that those who should act are dancing slow foxtrot while their trousers are catching fire”.
http://thenationonlineng.net/obasanjo-warns-jonathan-economy-is-in-big-trouble/


2. Sanusi, the then Governor of Central Bank warned too!

“Over 20 billion dollars unremitted to the federation account, and if nothing is done, by 2015 upward Nigeria will know what economic crisis is.”

When he was invited by the Senate to substantiate his claim, he said"

“It is established that out of the 67 billion dollars crude shipped by NNPC between January 2012 and July 2013, $47 billion was remitted to the Federation Account. It is now up to the NNPC to prove that $20 billion unremitted either did not belong to the federation or was legally and constitutionally spent. There is no dispute that $20 billion out of the $67 billion has not been paid into any account with the CBN,” he said.
http://icirnigeria.org/sanusi-insists-20-billion-is-missing-nnpc-denies-allegation/

We all know how Sanusi the whistle blower was sacked by the fisherman.


3. Oby Ezekwesili sounded the alarm bell in 2013: “Our reserve is depleted and our savings are squandered. Our nation is in trouble.”
She later stated: “The key FACT is that even by the time of that crisis when Soludo had to defend the Naira with our Foreign Reserve, he spent about $15b of it and still left behind about $45b when he departed as Central Bank Governor in 2009!!!
Now imagine that since that time oil prices have averaged between $95-$100 per barrel and we export an average of 750 million barrels per annum. How then can the Foreign Reserve only now be starting to grow back to the same size it was in 2009 after such hefty earnings of the last 4 years? The FG numbers do not add up at all and we need to know why!
The citizens need an explanation and that’s why I called for accountability. It is simply a patriotic call which should not result in the name calling by officials of government."

http://dailypost.ng/2013/03/08/oby-ezekwesili-now-that-sanusi-lamido-sanusi-has-admitted-fiscal-leakages/


4. Jonathan Lacked Political Will to Save – Ngozi Okonjo Iweala

And madam Gele finally agrees to her and her boss’ gross incompetence by saying:

The former finance minister and World Bank president, who spoke on “inequality, growth and resilience,” with Chile as an example of a country with a saving culture, said:

“We tried it in Nigeria, we put in an oil price based fiscal rule in 2004 and it worked very well. “We saved $22 billion because the political will to do it was there. And when the 2008 /2009 crisis came, we were able to draw on those savings precisely to issue about a five per cent of GDP fiscal stimulus to the economy, and we never had to come to the Bank or the Fund. “This time around and this is the key now, you need not only to have the instrument, but you also need the political will. In my second time as a finance minister, from 2011 to 2015, we had the instrument, we had the means, we had done it before, but zero political will. “So we were not able to save when we should have. That is why you find that Nigeria is now in the situation it is in, along with so many other countries.

http://www.vanguardngr.com/2016/04/nigeria-had-no-political-will-to-save-under-jonathan-okonjo-iweala/
For the “video or Idontbelieve it” crew, it is available on YouTube as well.

[b]Now that we have seen that today’s economic mess was created by GEJ and his thieving gang, it makes no sense for anyone to blame PMB for the current situation. If anything, PMB deserves commendations for being able to provide bailouts to states owing salaries before he came on board, for being able to provide additional budget support due to reduced allocation to state, for being able to increase our foreign reserves despite that crude price is still at around $50 per barrel, for being able to build roads that those who earned billions in dollars couldn’t touch, for being able to start N-Power project employing hundreds of thousands unemployed youths, for being able to complete abandoned Kaduna-Abuja rail project, for being able to restore life in the NE that was ravaged by Boko Haram due to GEJ’s incompetence, for being able to bring some past looters to justice (Dasuki, Andrew Yakbu, Diezani, Bafarawa, Akpobolokemi, etc), for being able to restore some sanity in our ultra-corrupt judiciary, for ending fuel subsidy scam, for working towards self-sustenance in rice and other staple food production, for working to make Nigeria refine her own crude locally by 2019, etc., etc.[/b]

GEJ and his gang of looters raped Nigeria without using condom or any form of protection. The product of such violation is today’s economic hardship.

Had PMB not become president, Nigeria would have completely failed. I have no doubt about that happening and it’s based on what have now been revealed in the numerous looting of our common wealth.


God Bless PMB/VPYO
God Bless Nigeria

madridguy:
GOD alone will judge Jonathan.

Wetin l do again now, God is judging me already, l am Jonathan, l was a clueless leader, abeg allow me enjoy my retirement, tell Buhari to jail my wife and all PDP thieves, this is ex-clueless President Jonathan, this is my Nairaland account, dont tell anybody