₦airaland Forum

promisious:
Promise2012 6906871

Fixed 10k for u if it booms cos of a game I want to play.
Let me follow u sharp sharp

share the game mbok

Let him please prophecy the good health of Buhari.

At his age he can't act like an elder statesman!! A Reasonable person would want to fix the uproar, but he's busy adding salt to an already festering injury.

If only we can drop our ethnic differrnces, and come together as one,the Western world will lay their crowns at our feet.

Confused human being...

Super1Star:


See the shameless coward. The abokis have served a specially concocted Kunnu ultimatum, instead of facing your Slave Masters, it is SW you are looking up to -- is it to save from the hands of your Master or to add to your eternal misery?

That was the same thing you did 1966. The fight was between North and Biafrau.d. Instead of you to be marching towards Kaduna, you compass misread North as SW and you were resoundingly defeated at Ore.

You can try it again, the same fate will befall you over and over again. The worst part of it we have the media to cover up any atrocities. Ask the Hausas in Ife.

Oya clap for yourself!! So you are happy with what you've just written abi?? And tomorrow when they say sensible people to come out you will come out with them?? If you're not proffering solution,try not to be part of the problem.

Oga,why not log out and then login after the fast?? Hypocrite.. people like you go about giving Islam a bad name.

A friend of mine was lamenting on how he made a failed transaction last month and the money was deducted this month. He went to the bank to report the issue and he was told that it will be investigated on. I'm personally getting suspicious of this bankers. How can someone make a failed transaction in May and and he's being debited in June?? A friend of mine just tried recharging her phone twice yesterday, only one went through but she was debited twice. What in the world is going on with this banks When did they become so unreliable??

Oga, even your lie na lie

Rossikki:
Use your common sense Mr Man. Insofar as you did not have the military wherewithal to confront the Nigerian military, it was incumbent on Ojukwu to seek a PEACEFUL RESOLUTION of the crisis, even if the Aburi agreement was broken. Even if Gowon created 12 states. Even if Gowon kidnapped Ojukwu's daughter. The ONLY VIABLE SOLUTION for the Igbos at the time, was a PEACEFUL RESOLUTION of that crisis. PURE AND SIMPLE.

Instead, your dictator, Ojukwu, unilaterally declared secession from Nigeria, knowing full well he lacked the resources to back such a dramatic, provocative act. Look, there are over 700 secessionist movements on earth. The US alone has over 30. Why has none of them actually moved to declare secession from their respective countries? Because they lack the military capacity to enforce such an action against the parent state. BASIC COMMON SENSE, which you, Ojukwu, and many other Igbos, have somehow failed to grasp. Is it an IQ problem with you people?

Your banality has rendered me speechless...

laudate:
And you need to let go of your propaganda. Unfortunately, this thread's objective is NOT the civil war, so I do not want to derail it. What Awolowo said was that "if the Igbo were allowed to secede or were pushed out, the Yorubas would be left with no option but to follow suit." The question is: were the Igbo allowed to secede or were they pushed out? NO. In fact, Gowon initiated a police action to compel Ojukwu to drop his secession plans and remain within Nigeria.

As for the Aburi accord, a decree was enacted which would have given Ojukwu 80% of his demands that were made at Aburi. He rejected it because he was hell-bent on going to war. A wise man would have accepted that offer, and gone back to the negotiating table to ask for more. Just like Israel did, under Ben Gurion.

Ojukwu instigated the war by declaring secession. Even after it started, he was given options from several quarters to put an end to it. He refused. Only to turn round and abandon his people on the battlefield.

Who feed you this bullshit your spewing You thought ojukwu was "hell bent on going to war"?? Go back to your history books​ and stop spreading half baked information you overhead in a beer parlor.

Mr Edward Anthony Gomez, the lawyer to embattled President Yaya Jammeh of Gambia, has fled to Senegal and advised his client to step aside and respect the wishes of Gambian people as expressed in the presidential election results.

Mr. Gomez said the decision to flee to Senegal along with his son was because of the increasing tension in Gambia and in the interest of peace and stability.
The lawyer announced the development in a letter dated 17 January, which he personally signed. He said he escaped a round-the-clock security watch around his house to flee to neighboring Senegal, where he said he has now found some inner peace after being coerced to be part of President Jammeh’s plot to cling to power.
Mr. Gomez advised President Jammeh to avoid a gruesome end to his stay in office.
“Everything except God’s kingdom comes to an end. I advocate for a peaceful end, rather than a violent and gruesome end. Please, in the name of the most merciful God, do not allow your legacy to be described as one where ‘the pen of sword dipped in innocent blood writes its history on the rough pages of tyranny
“The general perception is that after midnight on January 18th, 2017, the mandate of President Yaya Jammeh would expire and President-elect, Mr. Adam Barrow, would be sworn in as president in line with the dictates of our constitution. Any attempt to interrupt this ceremony, it is clearly understood, opens The Gambia to attack from ECOWAS forces,” Mr. Gomez wrote.
The lawyer also gave a hint into his relationship between President Jammeh and lawyers working on the dubious election petition filed by the beleaguered President and his party, the APRC, before the country’s Supreme Court.

Continue..

"If you disperse people from the arena where opinions are expressed, they only go to converge at the cellar where revolutions are born” Old Sage
As a rule, I do not join issues with my readers. The reason is because as a democrat, I believe that everyone is entitled to his own views and opinion. Besides, being human, I can be wrong sometimes and would appreciate to be corrected. I do not believe in muscling my way through debates. I am therefore, quite comfortable with people disagreeing with me. I actually encourage it because it is only when ideas contend with one another that superior solutions can emerge.

In response to my last piece on the $30billion loan proposition by the Federal Government, the Debt Management Office (DMO), took up paid adverts in many national dailies titled “Dangerous Misinformation by Mr. Alex Otti: Re: $30billion Loan: Are You For Real?”

If not for the obvious misrepresentation of facts by the DMO in the rejoinder, I would not have responded. The response became more compelling because in accusing me of misinforming readers, DMO made misleading statements about the debt stock of the country. It is more interesting because I was quoting DMO in my numbers and I duly acknowledged it as my source. I had said that “According to the Debt Management Office, DMO, Nigeria has external borrowing of $11.26b as at the end of June 2016”. I then went ahead to add the above number to $12.71b being the dollar component of the domestic debt of the 36 states of the federation to arrive at total dollar debt stock of circa $24b. The next stage was to recognize the domestic dollar-denominated debt component of $37.48b outstanding against the Federal government, thus bringing the grand total dollar debt to about $62b.

DMO on the other hand had argued thus, “It is completely false to state that external debt of states…was USD12.71billion. The DMO has transparently published the total external debt of the Federal government, states and the FCT….which was $11.26b. For emphasis, the published external debt belongs to not only the FGN, but also to the states. Accordingly, Mr. Otti’s addition of USD12.71b and $11.26b to get $24b is a strange and speculative arithmetic”

Unfortunately, these numbers came from the DMO itself, www.dmo.gov.ng, and they remained on that website as at the time of going to press. Where DMO got it wrong was that it misinterpreted my reference to the debt stock of states as external. I had rightly acknowledged the $11.26b as external debt. I then proceeded to add the dollar component of the States’ domestic debts which are actually denominated in dollars to get $24b. Finally, I added the FGN domestic debt which is also denominated in dollars to get the total dollar debt of about $62b. There is no denying the fact that both the external debt and the dollar-denominated domestic debt will all be paid back in foreign currency. Even if for any reason, the domestic creditors become so nice and want to receive their payments in Naira, it would be strange if they will also give concession on exchange rate. So, for clarity, I restate that based on the numbers from DMO, we have debts of about $62b hanging around our neck which are actually denominated in foreign currency. Should we concede that the only debt repayable is the external debt component of $11.26b thereby getting a complete write-off of the entire domestic foreign currency debt of over $50b, I do not see how that would significantly change the argument I made in the write-up.

On the issue of floating rates, the DMO once again misunderstood my point. I had acknowledged that the DG of DMO had said that the rates will be around 1.5% pa to which I added, “but I am certain he was referring to concessional rates from multilateral agencies”. It is therefore incorrect to insinuate that I had indicated that multilateral debts are normally priced at floating rates. In fact, my reference to floating rates and LIBOR was on the Eurobond. Again, talking about current yields on Eurobond, DMO again missed my point. My reference to the yields that our current bonds of 2011 and 2013 are commanding in the secondary market was not to show that it was impacting negatively on our economy as claimed in the response. DMO’s comment that “the movements of their yields in the secondary market have nothing to do with Nigeria’s debt service obligation” is therefore superfluous. At least, I should know how this market works. What was apparently lost on the DMO was that I had said that given the high yield of the existing bonds, fresh issues would attract higher rates. This is sensible as the yield is a pointer to the rating of fresh issues. I do not expect that there would be disagreement on the fact that our circumstances and fundamentals have worsened since the last Eurobond issue and these would be taken into consideration in pricing fresh issues.

The DMO also took me up on the diversification of foreign exchange earnings. It had this to say, “Unfortunately, even where Mr. Otti managed to state something true, instead of concocted or speculative, he failed to move to the next logical level. For example, he said “We need to diversify our foreign exchange earning capacity from the challenged oil to boost our foreign exchange revenue base” But: he failed to say how you can diversify the forex base without addressing the huge infrastructure deficit to ensure higher productivity and competitiveness, he did not say how the huge infrastructure deficit will be funded, he did not say how big the required investment is and how much of this must come from the public and private sectors, respectively; he did not say where the government will get enough revenue to provide its share of the required investment”.

When I read the tirade above, I jokingly asked “if the DMO wants me to answer all these, what will it be doing?” On a serious note, I had written extensively on most of the questions posed by the DMO in my previous interventions and would encourage the DMO to read them. In my columns of September 12 and September 29, 2016, on the Diversification of the Economy, I had argued that while we needed to diversify from being a mono-product economy, we needed to be wary of promoting primary products of agriculture and solid minerals. My argument was that we should deliberately encourage value addition in forms of processing, packaging, storage and exports of these commodities. The kernel of the debate was that commodities are susceptible to the same fate as oil, even to a larger degree, given that oil producing countries have OPEC to weigh in to protect prices. I concluded by arguing that we should promote education, research and development, innovation, skills, knowledge, science and technology, entrepreneurship and intellectual property as the ruling economies of the world are knowledge economies and not “luggage economies” a la Segun Adeniyi.

On infrastructure, I had been an unrepentant apostle of government spending massively to provide infrastructure for industrial production and good quality of life for the populace. I had argued in my two-part series “Chop Your Money 1&2” published on April 25, and May 9, 2016 respectively and another write-up titled “When and How to Spend the Money You Do Not have”, published on May 23, 2016, that we must spend a lot of money to deal with the present infrastructural decay. I had contended that it was more useful to spend our money on building roads, railways, refineries, power, hospitals and schools than save money in foreign bank accounts for which we do not get so much as interest, but also lose the benefits of having the much-required infrastructure in place. Even in the write-up in contention, if DMO had read through properly, it would have noticed that I had answered the “how big” question thus “According to the IMF, Nigeria needs to spend no less than $140b in the next decade to bridge the infrastructure gap in the country” Given this position, no one can sustain the accusation that I did not say how big the required investment is.

The DMO ends with a rather curious credit to itself for the healthy and welcome debate on the borrowing plan of government because according to it, it ‘democratised’ public debt knowledge. Given the age of the agency, one can understand that it was not there when a similar debate was called by the military government of General Ibrahim Babangida in the mid-80s as it wanted to access the IMF loan. The heated debate ended with the government throwing out the move to take the loan. I strongly believe that it would serve the government positively to encourage honest debate to enable it appreciate the opinion of Nigerians on this loan. It should not be hijacked by any government agency, not even the DMO.

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Someone wrote about this on Esty forum two weeks ago. I got two site and logos designed for free but i had to use Hostgator. Will it not be saturated by now?

Have you tried posting on OLX and Jiji?