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Nairaland Forum / Nairaland / General / Politics / See The Capsule That Got Tongues Wagging As Nigerians React (38704 Views)
Ganduje’s 65th Birthday Message To Kwankwaso Sets Tongues Wagging / Fayemi, Wike’s Newfound Friendship Set Tongues Wagging / Atiku/Obi On The Candidate: Moderator Accused Of Bias As Nigerians React (2) (3) (4)
Re: See The Capsule That Got Tongues Wagging As Nigerians React by ejimatic: 1:22pm On Oct 17, 2018 |
same drig we took for 8 years without improvement.It is coated anew now so that nigerians will not know is a fake drug made in Adamawa and packaged in Ogun state.Take it at your own peril |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by salam1(m): 1:23pm On Oct 17, 2018 |
bedspread: |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by BluntBoy(m): 1:23pm On Oct 17, 2018 |
sircrabo: You missed my point totally. I do not play the age card so I am not guilty of hypocrisy. But those who played the age card in 2015 who are now embracing Atiku are nothing but shameless and mischievous hypocrites. Those who massively for Buhari did not play the age or tribe card. But those who said Buhari was too old, was a Muslim and a Fulani are now embracing Atiku. |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by KikBuhari2Daura: 1:45pm On Oct 17, 2018 |
silastemplar: Must you always bring tribal sentiments ? |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by KikBuhari2Daura: 1:48pm On Oct 17, 2018 |
BluntBoy: You want us tonvote for Buhari no proble Justify the following Why all service chief and paramilitary heads are from a section of the country Show me absinglr project staryed and completed by Buhari Justify why Buhari will call Nigerian youths lazy Tell us why we should support Buhari when his own wide is not supporting him ? |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by Nobody: 1:50pm On Oct 17, 2018 |
KikBuhari2Daura:nnam i am ibo , but the igbo folks active on social media(politics) are mostly of the same level of exposure. its hurting the ibo tribe greatly. i am tired of the hate, hypocrisy, exaggerations, falsehood. i am tired of words like efulefu. slaves, puthon dance and all that crap. its not helping the igbo race |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by KikBuhari2Daura: 1:50pm On Oct 17, 2018 |
ejimatic: Am sure when you see a fake drug you wont know what it looks like ...... When you r president says you are lazy, his wife belongs to the other room and you still want us to vote for the nonsense |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by safarigirl(f): 1:58pm On Oct 17, 2018 |
PHILipu1:so, Atiku is now the major financier of Miyetti Allah, based on you people's beer parlour gossip or verifiable facts? At least we know Buhari is the Grand Patron, that one is verified. Tell the Grand Patron of Miyetti Allah to talk to his boys before their nonsense kicks him out of office. Buhari was actively supporting Boko Haram and people like you still voted for him, so, do not ask of Atiku what you could not ask of your Buhari. Has he even said anything about Hauwa Liman that was just killed by the BH his administration claimed was 'technically deafeated'? 2 Likes |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by ejimatic: 2:10pm On Oct 17, 2018 |
KikBuhari2Daura:vote for candidate of your choice Everbody has a choive to make. All i know is the kingmakers know where they are going to.They know their gameplan.They only are pushing masses here and vthere.As for winner in 2019 election your guess is good as mine |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by AtikuDeman: 2:26pm On Oct 17, 2018 |
Buhari is a disease that must be cured in 2019 |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by Itulah(m): 2:28pm On Oct 17, 2018 |
nwakibie3:www.nairaland.com/attachments/7970346_2443f46bebaa4929a0a58f48f508b5f7_jpeg_jpegc828e809545dddb52d3851e355dcc465 Too much sense no go kill you bro... Nna abeg, I need a truck load of this Herb, men and women in my area wan drink. |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by PHILipu1(m): 2:41pm On Oct 17, 2018 |
safarigirl:And also your Jonathan. But Jonathan cousin the late NSA said PDP members are those behind bokoharam then.
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Re: See The Capsule That Got Tongues Wagging As Nigerians React by Nobody: 2:43pm On Oct 17, 2018 |
BrainCONCEPTZ: Well said,d way pple suddenly turned atiku to a deity kips bafflin me,reminds me of just how buhari was heralded bk then |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by tizteezy(m): 3:18pm On Oct 17, 2018 |
Nigerian youths be praising Atiku... its a shame you never learn I'm not a politician, but shame on any sane youth projecting Atiku. We need a fresh breathe. However, given the choice between Atiku and PMB, I'd rather the man who has made treasury looters so uncomfortable that they're crying like babies. |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by Masterclass32: 3:22pm On Oct 17, 2018 |
Nigerians, regardless of religious, tribal or party affiliations, must, for their own sakes and the sake of the country, join hands to haul Buhari back to Daura come 2019. This is the right thing to do. This is patriotism. 1 Like |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by Nobody: 3:26pm On Oct 17, 2018 |
harrisonford001:on point, that's why i don't support any body. 1 Like |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by deomelo: 3:33pm On Oct 17, 2018 |
lol @ jobless roadside Igbos doing sign writing and carrying posters all over the internet. |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by harrisonford001: 5:20pm On Oct 17, 2018 |
millomaniac:lolzzzzzzzzz on point |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by harrisonford001: 5:24pm On Oct 17, 2018 |
Naughtysite:bro Nigeria politics is bigger than anambra with all due respect! But for PYO! Nigeria vice president is nothing but a symbolical figure head! And OBJ doesn't have the precedence or antecedents to be warrant this praise singing! And by the way he wasn't ready to hand over to your Atiku! He never wanted to! |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by harrisonford001: 5:25pm On Oct 17, 2018 |
emilyone:lolzzzzzzzzz naija! We so dumb |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by Nobody: 5:41pm On Oct 17, 2018 |
harrisonford001:Well ATIKU and Obi are the two that can revamp the comatose economy even tambuwal and saraki can't. All other PDP aspirants in the primaries cannot match this duo. Atiku is not my broda neither obi. I want a thriving economy to make money and enjoy my life. Simple. |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by harrisonford001: 6:29pm On Oct 17, 2018 |
Naughtysite:and what gave u the assurance that the duo will deliver? Lets stop deceiving ourselves and stop being sentimental |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by Nobody: 9:12pm On Oct 17, 2018 |
harrisonford001:my guy I am a practical street businessman Do not use the word sentimental on me End of talk |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by BluntBoy(m): 1:07am On Oct 18, 2018 |
KikBuhari2Daura: Why are there so many mistakes in your post? Anyway, to your question. If you want a list of projects by Buhari, even in the South East, use Google. As for why he called the youths lazy, we can all see now that he was right. The youths who should be fighting for their rights to governance are now busy licking the ass of an old man. So, what if Aisha is not supporting her husband? So, you have jumped into conclusion that Buhari is bad that is why his wife is not supporting him? What if her lack of support is because Buhari is not allowing her run wild like Patience Jonathan? Perhaps, she had dreamt of power but was denied. It could be due to many factors. |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by BluntBoy(m): 1:12am On Oct 18, 2018 |
Naughtysite: Practical businessman indeed. If you were practical, you would be interested in Atiku's manifestos before you even start talking about his ability to revamp the economy. For now, you are only being sentimental. Or if you disagree, can you tell me one reason why you think Atiku has the ability to revamp the economy? |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by jpphilips(m): 2:07am On Oct 18, 2018 |
A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance? Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered. Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth. What are the effects of crude shock in oil producing developing economy? Forex scarcity: Most developing economies whether oil producing or not depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession. Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession. Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford. In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation. Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency. Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate. The local currency is allowed to float along a band the cbn thinks may not be too hurtful to the economy. Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages. Between 2015-2018, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone? The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves, It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings). Permit me to take us down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS. This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that comes the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings. Fast forward to 2015, The top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $90b in a $156.1b economy.You can see that the Robust reserve of Algeria was their savior in this modern crude shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time, that amount is not even enough to pay for imports let alone absorb global economic shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings? Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg They not only devalued their currency, they equally allowed it to float like Nigeria's Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago. The kwanza fell 11 percent to 187.95 per dollar by 3:35 p.m. in Luanda and depreciated 10 percent to 221.75 against the euro. The move came a day after the central bank allowed the currency to weaken in its first auction of foreign exchange since announcing it would end a dollar peg that’s been in place since April 2016.....Bloomberg Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/ Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016. https://tradingeconomics.com/angola/unemployment-rate Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday. Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously. Poverty in Angola According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million. I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria save a whooping $90b when the going was good, as such its economy was immune to crude shock. Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014. Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014. Some even blamed it on Avengers attack of 2016 Niger delta avengers was a non issue, if you noticed, I expunged them from my analysis, here is why; You were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock. If Avengers did not strike, OPEC would have asked us to cut production to boost prices, read: https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years So Avengers or any form of production cut at the time was a non issue. Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow? The vice president being the economic manager of the country Launched the EGRP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks, not just crude shocks. (Algerian model) The moment that money crossed $40b, forex shortages disappeared, importers stopped complaining, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy.inflation has responded to the potency of the EGRP to 11.23% from 18.8%. Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects (Russian model) https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/ In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. past government whose inaction landed us in this mess in the first place. A leadership in the past that we tasked to privatize our industries, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished? Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners? Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lie peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku......... You have my express authority to circulate at will |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by jpphilips(m): 2:10am On Oct 18, 2018 |
Naughtysite: Talk talk as usual, someone that couldn't do ordinary privatization will revamp the economy. Just listen to your soul lying to your body. 1 Like |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by Nobody: 2:39am On Oct 18, 2018 |
HisRoyalHardnes:are you sick including your village pple |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by Nobody: 2:41am On Oct 18, 2018 |
limeta:go and do that in Anambra to cure your pple of greed |
Re: See The Capsule That Got Tongues Wagging As Nigerians React by Nobody: 2:42am On Oct 18, 2018 |
Omoluabi9:infact stale
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Re: See The Capsule That Got Tongues Wagging As Nigerians React by KikBuhari2Daura: 9:50am On Oct 18, 2018 |
jpphilips: Sorry We Will Voteband Vote Atiku stop washing your time the lifeless kne must go |
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