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CrimeRe: Nigerian U.S Army Veteran Killed After He Came Back Home To Complete His House by PStacks(m): 3:42pm On Jan 16, 2017
deji15:
Nigerian U.S Army veteran kidnapped and killed after he came back home to complete his house in Imo State



http://www.lailasblog.com/2017/01/heartbreaking-photos-of-nigerian-us.html

These photos are just heartbreaking, looking at his kids and the house he just completed. If only he had stayed back in the U.S!



He came back to Nigeria after he finished building his mansion in the village, only to be abducted and shot on the 12th of January. Read the story according to his sister, Lilian Ndiukwu below...

"What a wicked world.... who has done this to My BIG BRO? A USA veteran who just came back this Xmas after building his beautiful house(mansion)in the village not knowing that the enemies has an evil plan against him.
They abducted and shot him dead yesterday night. I Can't believe this, can someone wake me up from this nightmare? Who did this to u Bro?

I could remember the last time we spoke on phone that whn u come bk, we will visit the LESS PRIVILEGE nd nt knowing dt this will be the last call we made. Can't stop crying for you BRO CHUKS . An iroko has fallen. Those that killed you will never know peace and their generation will never go unpunished. GOD WILL AVENGE FOR YOU R.I. P(LA NA UDO)


just see this biafran video
https://www.youtube.com/watch?v=ZeI5qLr9Ru0
Christianity EtcRe: Lazarus Muoka Orders The Arrest Of Naija’s Craziest Comedians For Expensive Joke by PStacks(m): 2:48pm On Jan 16, 2017
TunezMedia:
Fast rising comedian, Naija Craziest has found himself behind bars after mocking members and pastor of the popular, Lords Chosen Church in his latest skit.


The comedian was apprehended after his video went viral and he is currently cooling his heels in Panti waiting due charges laid against him.

In his YouTube video, he shared footages of Lord Chosen members dancing and rolling themselves in the mud while worshiping God.

“When members of a church think that an apron is powerful enough to protect them, they will roll in the mud and confront armed robbers.” He said

And afterwards, he started shading them for purchasing the Apron they often wear for 1000 naira while he claims the church members are enriching the pocket of their general overseer.

While Naija Craziest won't be the first comedian to mock Nigerian churches this will serve as a reminder to others not to forget the Bible verse, Numbers 12 vs 8.

http://www.tunezmediablog.com/2017/01/lords-chosen-general-overseer-throws.html




http://punchng.com/police-arrest-comedians-criticising-church-new-video/
what do you expect froma #Biafra church... crazy bunch.
CelebritiesRe: Wizkid's 2nd Son, Ayo's 1st Birthday Party (Photos) by PStacks(m): 2:42pm On Jan 16, 2017
Hygist:
Wizkid's alleged son, King Ayo turned one year yesterday, January 15th, and the mom, Binta threw him a birthday party.


http://www.hygist.com/2017/01/photos-from-wizkids-alleged-sons-first.html
what a cruel world...
the father is nowhere to be found ni? poor innocent boy..
PoliticsRe: UNIMAID Attack: Terrorism Will Never Triumph Over Peace-Loving Nigerians- Buhari by PStacks(m): 2:41pm On Jan 16, 2017
BeeBeeOoh:
http://punchng.com/terrorism-will-never-triumph-over-peace-loving-nigerians-buhari-vows/
why is this response faster than the response to the southern kaduna killings? is something amiss?
Jobs/VacanciesRe: Should A Bsc Holder Accept A Job Of 40k Monthly? by PStacks(m): 2:31pm On Jan 16, 2017
raindrop99:
Should a Bsc holder accept a job of 40k.huh
Though he is single and living alone. Will 40k be enough for a graduatehuh
that his BSc needs to be questioned.
PoliticsRe: Hon. Chike John Okafor In The Kitchen (Photo) by PStacks(m): 2:29pm On Jan 16, 2017
CastedDude:
https://www.nassnig.org/images/mps/880.jpgHon. OKAFOR JOHN

This is the kind of man every lady wants. Despite how highly placed he is, he still helps out in the "other" room (kitchen). Pictured is Hon Deacon Prince Chike John Okafor, Chairman House oth Matters, former Commissioner For Finance Imo State, former Zenith Bank Manager, the Crown Prince of Umuokeh Obowo and a Deacon with Christ Embassy Church, Owerri -showcasing his cooking skill in the kitchen.

Source; http://www.nationalhelm.net/2017/01/being-big-man-does-not-stop-you-from.html
who told him he is a big man?

what are the indices and criteria used to categories someone as a big man.. that is the problem with our society..

who is a big man and who is a small man..

Buhari should just let these biafran bygots go their own jeje..

these people seem to have this crazy ideology about life.


how will you in all honesty say an igbo man is better off a yoruba or an hausa man.. that is the every bane of being inferior.

igbo ma.. big man.. Honorable, pastor, evangelist, speaker.. royal highness, carry all the titles and decorate yourself and claim big man..

mtcheeeewww. big man my foot.
BusinessRe: Dangote Floats $100m Truck Assembly Plant In Lagos by PStacks(m): 2:07pm On Jan 16, 2017
oatzeal:
[img]http://1.bp..com/-C_sojKh5mzE/WHvpgiMhucI/AAAAAAAAXsg/P8A3senxsiY3B6KYuhpXtC4iuTh6uwvVgCLcB/s640/DANGOTE-GROUP-e1484514624223.png[/img]

Dangote Group of Companies has established a $100million truck assembly plant in Lagos as part of its efforts toward boosting foreign exchange and job creation in the country.

The group said in a statement on Sunday in Lagos that the plant was floated by the group in partnership with National Heavy Duty Truck Group Company Limited, (SINOTRUK), a Chinese firm.

It quoted Mr Anthony Chiejina, the Chief Corporate Communication Officer, Dangote Group, as saying that the plant, located in Ikeja, has the capacity to produce 10,000 trucks annually.

He stated the before now, Dangote had been spending heavily on importing trucks to distribute its products both locally and across African countries.
Chiejina said the conglomerate owned 60 per cent stake in the assembly plant while SINOTRUK holds 40 per cent, in a partnership that was formed in 2014.

According to him, the plant is expected to create 3,000 direct employments when fully operational.

Nigeria is a major market for SINOTRUK products, with Dangote Group, operating the largest fleet in Africa, having over 10,000 trucks for the distribution of its products across the continent.
Chiejina said the new company would save Nigeria huge foreign exchange being spent on importation of heavy duty vehicles.

According to him, there will be room for project expansion in future as it meets the national truck demand and will explore exportation to neighbouring countries to generate foreign exchange for the nation.
Chiejina said Aliko Dangote believed that the current economic challenges would make Nigeria stronger if approached positively.

“Alhaji Aliko still believes that Nigeria is one of the best places in the world to do business,’’ he said.
The assembly plant is coming ahead of a $17 billion Dangote Refinery, petrochemical and fertiliser plants also located in Lagos that would have the capacity to produce 650,000 barrels per day when it commences operation.

The refinery is expected to begin operations in 2019.

The refinery, which is expected to create over 300,000 direct and indirect jobs, would require several haulage trucks for product distribution.
Dangote Group imported 12,000 trucks from China in 2014.

SINOTRUK is the largest exporter of trucks in China for 10 consecutive years, securing a sale of 34,000 trucks out of the 176,000 vehicles exported in 2014.

It (SINOTRUK) revenue from overseas sales amounted to 9 billion yuan ($1.45 billion), accounting for about 13 per cent of the total sales.

SINOTRUCK is a Chinese state-owned truck manufacturer, established in 1956, with its headquarters in Jinan, Shandong Province.

The company developed strategic technical partnerships with major international brands such as Steyr in Austria and Mann in Germany, all of which had helped it penetrate key global markets.

cc lalasticlala seun

SOURCE: http://www.nairanaijanews.com/2017/01/dangote-floats-100m-truck-assembly.html
If Dangote is sincere enough, i believe he should be paying more attention and interest to rail..

rail is far more cost efficient than plying trucks on our high ways..


it is gross act of irresponsibility to have federal government construct roads with hard earned tax payers money and have dangote alone ply over 10,000 trucks on road built by the government with tax payers money. Dangote is only taking liverage from the poor masses.. these truck are neusances to the roads and hazrds to the roads and in most cases reckless drivers.

Rail would do us more good in haulage instead of road, or better still, dangote can support the federal government initiative to have all federal government roads run on dualised 5 carriage xpress lanes so as to have special dedicated express lane carriers for trucks like we have in developed countries, not to hav trucks competing with vehicles on the tiny one way the government has bee able to provide how many years after independence..

that obajana road is a complete disaster, dangote is supposed to have taken responsibility for that road long before now.. the okene, lokoja road is a mad death trap, kabba-obajana road where all of dangote cements come from are no go areas.

the earlier we deal with ourselves with sincerity, the better for us as a Nation.
InvestmentRe: 10 Reasons Why MMM Is Dying And Will Soon Be Dead by PStacks(m): 1:33pm On Jan 16, 2017
odogwubiafra:
MMM is a scam, MMM is worse than yahoo yahoo, MMM will never come back on the 14th bla bla bla. At least they have shown more credibility on the promise of even 13th instead. What has this Buhari led APC done for Nigerians

MMM in a short while has augmented CBN and FG in their Fiscal policy strategy in managing this economy.

MMM has given people reasons to smile and to ignore this government and be selfless
[color=#990000][/color]
IM begining to see a pattern.. Vote for Goodluck Jonathan, Do MMM, criticize Buhari, clamour For #Biafra... Yes! true.. these are the set of Nigerians that their head is not correct... correct me if im wrong..

MMM Has further impoverished Biafrans ooo.. i cant laugh.. greedy moafucks..
InvestmentRe: MMM Nigeria Is Back! by PStacks(m): 4:54pm On Jan 13, 2017
switch47:
who says they were bitten the first time? MMM Nigeria never crashed, MMM is real and it's going to be stronger than ever this year with the new model.. We stand with MMM Nigeria
Eeeddioott..

MMM Will kill you last last
PoliticsRe: Fayose Thanks Senate For Passing No Confidence Vote Against Buhari. by PStacks(m): 1:02pm On Jan 13, 2017
[quote author=Bobinovic post=52766747][/quote]Eeeediot.. Lousy Fayose.. mtcheeeewwww!
InvestmentRe: MMM Nigeria Is Back! by PStacks(m): 12:52pm On Jan 13, 2017
Daxyd4realzy:
13.01.2017 We are now open!!! :-))

Dear members,

The holidays are over, and we''re now open. Just as promised. (You might have already noticed that we always stick to our promises. :-)) Actually, we promised to be open on January 14, but we''re open now, January 13, as you can see, which is a day earlier. (Well, I hope, the members of the System will forgive us for that. :-))

It''s related to the hysteria raised by the authorities and the mass media around MMM. By joining forces, they''ve managed to nearly give the members of the System a heart attack and have frightened them out of their wits. Poor souls don''t know what to expect. Will we open again or not? :-))

This is why we''ve decided, considering the situation, to reach out to the members, reassure and cheer them up by opening a little earlier. After all, Together We Can Change The World! :-))

Here we go.

1. As of this notice, MMM resumes its usual operation. You can now create your GH-requests.

2. However, it''s obvious that panic will reign in the first few days after the re-opening of the System. We’re likely to be deluged by GH-requests. Therefore, we''re going to make gradual paybacks by setting internal output limits. In other words, we will only pay a certain amount per day. Please, be prepared to wait for a couple of days. We are certain things will then calm down, and the System operation will return to normal.

We''re the ones setting the limits, so it''s completely under our control, and we are not expecting any emergencies in principle. Have no fear and go on about your business as usual. :-))

As the System is socially oriented, we will make paybacks to the poor and the economically disadvantaged in the first place: it means to the members with small PH amounts. The richer can wait. Moreover, we''ve warned you repeatedly to only provide help with amounts that are not critical for you. Therefore, if these large amounts are not critical for them (the richer), they can wait a few days. No need to be tragic about it. :-))

This is the way it''s going to be.

Hoping for your kind understanding, Sergey Mavrodi. We Change The World!

P. S. I''d like again to call on the authorities and the mass media: Please, leave us alone! Have mercy on people.

✍ Guider Esan Dare
Gullible people will go back and get beaten a second time..

once beaten is twice shy
CelebritiesRe: Pretty Mike Apologizes For Putting Girls On Dog Leashes by PStacks(m): 2:11pm On Jan 12, 2017
FlirtyKaren:
Lagos state Governor Ambode earlier on today arrested club owner, Mike Eze-Nwalie Nwogu popularly known as ‘Pretty Mike’, for turning women into dogs with chains round their necks.



Pretty Mike has now apologized. Read his apology below:

"There has been a lot of controversy over two of my outings holding some females on a leash. I apologize to all the women and the good people of Lagos State, Nigeria and the rest of the world who feel dehumanized by this craft that meant well. I will use other platforms and format to continue to create the necessary awareness..#WomenRights #PeaceAmbassador"

https://www.instagram.com/p/BPKgIKOAyc2/?hl=en

http://www.lailasblog.com/2017/01/pretty-mike-club-uno-apologizes-women-dog-leashes.html?m=1
Look at his face like Nnamdi Kanu's own..

Moafucking Biafran bastards.
InvestmentRe: "Leave MMM Alone" - Sergey Mavrodi, MMM Founder Tells Bloggers, Journalists by PStacks(m): 11:14am On Dec 19, 2016
BornStunner1:
http://www.vanguardngr.com/2016/12/leave-us-alone-mmm-founder-sergey-mavrodi-writes-nigerian-bloggers-journalists/
I saw this and it is worth sharing. The MONKEY MONEY MADNESS (MMM)

Once upon a time in a village, a man appeared and announced that he would buy monkeys for N100 each. The villagers seeing that there were so many monkeys around, went out to the forest and started catching them.

The man bought thousands at N100 and as supply started to diminish, the villagers stopped their efforts. He further announced that he would now buy at N200. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished and people started going back to their farms. The offer rate increased to N250 but the supply of monkeys became so little that it took much effort to even see a monkey, let alone catch one.

The man now announced that he would buy monkeys at N500! However, since he had to go to the city on some business, his assistant would now buy on his behalf.

In the absence of the man, his assistant told the villagers: ''Look at all these monkeys in the big cage that my OGA has bought from you, I will sell them to you at N350 and when my OGA returns from the city, you can sell it to him at N500''.

The villagers squeezed out all their HARD EARNED savings and bought all the monkeys. The most greedy ones among them even sold their lands to purchase many MONKEYS, hoping to make a huge profit without labor.

Then...

They never saw the man or his assistant. Only monkeys everywhere!

Welcome to #MMM. The world of Monkeys.
FamilyRe: My Husband Is Into A Lot Of Things And It Bothers Me! by PStacks(m): 10:41am On Dec 01, 2016
nawa ooo!
CelebritiesRe: Anna Ebiere Rocks A Plunging Outfit by PStacks(m): 10:39am On Dec 01, 2016
cool
PoliticsRe: Abu Ali’s Death: "Why Boko Haram Is Killing More Nigerian Soldiers" - Premium T by PStacks(m): 1:01pm On Nov 08, 2016
He Died for Love of country..

May his soul rest easy and may the labor of all our hero's past Never be in vain..


On one Nigeria we stand..

No to Boko Haram..

No to Biafra..

No to Terrorism.

No to Hooliganism.

No to Vandalism.

No to Kidnapping and all them thos social vices that our Gallant officers lay down their lives for...
CelebritiesRe: Tiwa Savage Slays In Ankara Outfits And Boots by PStacks(m):
av been saying it.. this Tiwa savage head no correct one kobo

what non-sense is this abeg?
WebmastersRe: How Long Did You Wait For Adsense To Connect Ur Site by PStacks(m): 2:27pm On Nov 01, 2016
wizkidblogger:
Oh k. Listening....
i just sent a mail to your gmail wizkidblogger @ gmail.com .. pls check and revert.. thanks
WebmastersRe: How Long Did You Wait For Adsense To Connect Ur Site by PStacks(m): 11:47am On Oct 31, 2016
what process do i have to under-go for my hosted Youtube adsense account to be a full adsense account?, if you can help, i will be most grateful.
JeffreyJamez:
You can only use your youtube adsense account for a .com blog and it will take 3 months for it to be reviewed and start showing ads.

You cant apply for another adsense with the same payment name. Adsens allows only one account for one user. if you want to use that hosted account for your new blog/website,it will hav to go through the normal Adsense process after which if approved, your adsense account will now be a full adsense account.

If you you have an old approved adsense account, you can paste the codes in up to 100 sites so long as they all adhere to google's policy.
WebmastersRe: How Long Did You Wait For Adsense To Connect Ur Site by PStacks(m): 11:46am On Oct 31, 2016
Thanks man and God bless, you've been real helpful.

JeffreyJamez:
You can only use your youtube adsense account for a .com blog and it will take 3 months for it to be reviewed and start showing ads.

You cant apply for another adsense with the same payment name. Adsens allows only one account for one user. if you want to use that hosted account for your new blog/website,it will hav to go through the normal Adsense process after which if approved, your adsense account will now be a full adsense account.

If you you have an old approved adsense account, you can paste the codes in up to 100 sites so long as they all adhere to google's policy.
PoliticsRe: Wike Blasts Amaechi In Church: We're Starting Projects Afresh Because You Looted by PStacks(m): 11:28am On Oct 31, 2016
wike's day is never complete if he hasnt mentioned Amechi's name..

he's obssesed with Amechi.. grin grin
WebmastersRe: How Long Did You Wait For Adsense To Connect Ur Site by PStacks(m): 11:26am On Oct 31, 2016
JeffreyJamez:
I am a web designer and an IT Consultant and I have studied Google's AdSense policy very well. Google AdSense on hosted accounts takes 3 months to be reviewed....and in that 3 months Google looks at your consistency on Original posts.
are you saying after 3 months, the hosted adsense account on my youtube is supposed to work on my .com?

if i have a hosted google adsense account on my youtube, can i apply for another adsense account for my new website?

i used to have one old adsense account that was for our company's website.. can i use same adsense codes for either my blog or my new website?
WebmastersRe: How Long Did You Wait For Adsense To Connect Ur Site by PStacks(m): 11:13am On Oct 31, 2016
fineyemi:
You muest be making lotz of cash wizkidblogger
wizkidblogger, please i need you to help me out, i got some issues with my .com i needed to sort out and im not sure how to go about it.. please talk to me if you can help with the challenges..
WebmastersRe: How Long Did You Wait For Adsense To Connect Ur Site by PStacks(m): 11:03am On Oct 31, 2016
JeffreyJamez:
1. No you cant
2. If you opened it with youtube,it means it is a hosted Adsense account so you cant use it on a customized domain blog, only on a ..com blog and even at that it will take at least 3 months before it starts showing ads
3. If you have an approved Adsense account you can use it for up to 100 sites/blog so long the said sites meet google's requirements
4. I dont understand what you want to know here
ok mehn! thanks for your reply... its been more than 3 months now and the ads arent showing on my .com although i view the adsense reports from my blog. all videos av posted on youtube seemed to have been monitised and are the ones responsible for the data av been able to rack up thus far.. is it 3 months or 6 months? are you on the adsense help forum or blogger help forum? how are you sure on this info you've given me?
WebmastersRe: How Long Did You Wait For Adsense To Connect Ur Site by PStacks(m): 4:22pm On Oct 27, 2016
1, i need to know if i can apply for more than one Adsense account.
2, i need to know if the adsense account on my youtube channel can work with my blog.
3, i need to know if a previous adsense account i had on a certain website would work on a new website or probably on my blog,
4, i need someone conversant with how adsense works to please help me make sense of these data and do a mini calculation for me.


Summary

Page views
2,776
Clicks
38
Page CTR
1.37%
CPC
$0.03
Page RPM
$0.46
Estimated earnings
$0.00

then again, on my report page with adsense, estimated earnings is $0 but every other figure seems to be stacking and racking up asides estimated earning, does the 6 month policy for china and india publishers apply to nigerian publishers too? im just curious and i really wan know..

thanks in advance and only helpful tips are welcomed..
PoliticsRe: Buhari Not Keen On Asset Sale, For Soludo, It Will Be A Historic Mistake by PStacks(m): 9:16am On Sep 27, 2016
So i Read an article on the "Sale of National Asset" written by former governor of Central Bank Professor Sulodo and i was more than impressed at his common sense and critical reasoning...

what is the problem with Nigeria?..

In the Yoruba Palace, selling the "Ogun" (Inheritance, Assets) inherited by the Child of a Wealthy Deceased Man is usually referred to as being abominable.. That is even pure culture and nothing to do with Economics.

Any Child that sells Inheritance or assets is usually referred to as "Apa" or Akotileta"..

i was shocked to my bones when this issue of selling of Public assets took center stage and became a front burner having the senate talking in terms that seems to me like tacit endorsement of selling National Assets for a short term fix to a problem that seems long-term called Nigeria..

I mean, to me, Recession isn't the problem but looking for a short cut out of a recession we opened our eyes to willing fall into is where i fault..

it is the height of gross irresponsibility for a government to think of selling National Assets for a quick fix to a recession.

i keep saying it and i maintain my stands, Corruption stems from Irresponsibility and Selling National Assets just goes to prove our collectively irresponsiblility as a people we are to the country Nigeria..

Nigeria is structured such that Not The Hausa's nor Igbo's nor Yoruba's are responsible for the country as a whole, every group is infested with that sinister Ethnic agenda.

i'l think instead of selling National Assets, the burning issues for now to be front burner discuss should be "Re-Structuring" the country as a whole..

Selling National assets is just kicking the can down the road and post-poning evil days.

on this Burning National Issue, i beg to disagree with anybody that seems to toe the part of selling our collective heritage and taking us back to the dark days before Independence. Gradually Nigerians are silently saying to the world " we cant be responsible for ourselves and to ourselves and we need other people to be responsible for us" we need China to come build and maintain our rail systems because the Nigerian engineers are incompetent and the consortium are corrupt and irresponsible, cos after bidding for and being awarded a contract, the next thing is to flee with the money allotted for the contract with nothing shown for work done..

it is sad and pathetic..

Selling National Assets to me is gross irresponsibility and abuse of office and laziness of the whole Executive and Legislature. People just want quick easy money to siphon without doing any work whatsoever.. its really so sad.

i would seek to get a little from the text of Professor sulodo that really nailed the issue on the head.

Professor Soludo, who is the founder of the African Heritage Institution, expressed his opposition to the assets sale yesterday in an article titled: “Nigeria: Sale of Assets as Dangerous Policy Myopia”, stressing that if the president endorsed the proposal, it would be a historic mistake made by the country and i agree with the Professor Hook line and sinker.

“Our thesis is that in extreme, exceptional circumstances, the sale of certain assets could be a last resort option but that Nigeria is currently not near that threshold and the institutional framework for its effective use is also not in place.

“Furthermore, we argue that any sale of assets now amounts to chasing pennies when by acts of omission or commission, we are losing pounds.

“Such a hasty auction of national assets can only benefit a privileged few with cash and access while jeopardising Nigeria’s long-term economic interest. It will be a historic mistake for the reasons stated below.”

Soludo went on to express concern over the proposal to sell some valuable national assets “in order to build reserves and provide funds for immediate spending” and thus ensure that this recession will be the “shortest” ever.

He acknowledged that some people had bandied the same suggestion in the past but he largely dismissed it as a joke.

“But when the Senate and NEC joined the convenient but flawed call for the asset sale, I have a citizen duty to join others in letting our voice be heard.

“Part of the legacy of the oil resource curse on matters of public finance is a mindset that resorts to easy, albeit a lazy approach to ‘quick fixes’ — with a gaze on the short-term even when the issues are structurally long-term.

“So, I understand the mental framework that drives such a proposal, especially given the pressure to show immediate results,” he added.
He noted that the objective of the policy was mistakenly identified in terms of getting the economy out of recession.

According to Soludo, recession is short-term, adding that “with good rains and bumper agricultural harvest, Nigeria’s Gross Domestic Product (GDP) growth can easily recover and the economy would be out of the recession”.

Specifically, he pointed out that a GDP growth rate of even 0.01 per cent next quarter would be enough to take the economy out of the recession.

“With the current policy regime, it will be a miracle if the current government can, after eight years in office by 2023, succeed in returning Nigerian economy just to the size of GDP (in US dollars) it met it in 2015.

“To be fair, the wheels of the economy were already falling off by the time this government took over plus other complications of the oil sector and I sympathise with it.

“But it is also fair to note that some of its policy choices have made matters worse. Now that the government is showing seriousness in tackling the crisis, focusing on short-term next quarter GDP growth misses the key point and has the danger of understating the serious work required,” he argued.

Furthermore, Soludo said there was little basis for the $10-15 billion being bandied around as likely income to be generated from the proposed asset sales.

He stressed that there was no basis for the expectation that shoring up reserves by this amount would magically restore investor confidence and stop speculation on the naira.

“There is more to investor confidence than a temporary boost in stock of reserves when everyone knows that the underlying political environment as well as the policy regime and its credibility make the flow of reserves unsustainable.

“The IMF calculates reserve adequacy in terms of the amount to finance at least three months of imports especially for countries with flexible exchange rates (which we claim to have), and of course also enough to cover short-term forex liabilities for countries with open capital accounts.

“Nigeria currently has much more reserves to cover even six months of imports (size of imports also depends on exchange rate). So, what is the problem?

“No amount of reserves can stop currency speculation in a poor policy environment. There is much more to confidence than absolute or relative size of reserves.

“Look around our West African neighbours that are doing far better in economic terms and check out the size of their reserves (even as a percentage of GDP).

“Until 2004, Nigeria never had more than $10 billion in reserves, and we have survived oil prices below $10 without selling Nigeria. The British pound has been down for months against major currencies since the Brexit vote in June, while China (with trillions of dollars in reserves) experienced major stock market and currency attacks recently and the Yuan had to be devalued.

“Before the 2008/2009 crisis, Russia had robust reserves but it lost tens of billions struggling to defend the local currency and eventually yielded to the market,” he added.

Continuing, Soludo noted that the argument that the sale of assets remained the only way to reflate the economy out of recession was troubling, and “suffers what economists might call policy myopia or time inconsistency problem”.

He added: “First, imagine if previous governments used asset sales as a strategy to ‘reflate the economy’ during previous periods of economic recession or crisis.

“Alternatively, if we auction away some valued national assets for the short-term goal of reflating the economy out of recession, what will happen during future cycles of recessions and economic crises?

“The global economic system is inherently and cyclically crisis-prone. Prudently managed economies are preparing for the next cycles of global crisis, and the IMF has already warned of persisting vulnerabilities. What shall we sell then?

“Besides, a hasty auction of the assets will short change Nigeria. Privatisation of national assets is not an ideological matter for me. It is plain pragmatism. Reasonable people can have a good debate about the composition of public assets for sale at any time.

“Although government is yet to be definitive about the assets being proposed for sale, it is reasonable to object to any scheme that will hurriedly sell performing public assets that guarantee future flows of revenue and forex to future generations such as the NLNG, AFC shares, JVs in oil and gas sector, etc.

“Even for non-performing assets, when privatisation is forced and assets auctioned on an emergency basis to meet short-term needs, the danger signs are there for all to see. Nigeria will never get value for money under the circumstance.

“We all know what happens when someone urgently needs to sell his or her property to meet an emergency. What happens to the valuation/pricing? If we price them properly and wish to go through proper due process, the deal might take several years to conclude thereby defeating the advertised purpose of immediate spending".

The Professor Made a whole lot of sense and where he was coming from made all the sense in the world and was suggesting the Senate Just Needed quick and Fast money like the culture had always been.

i would be very dissappointed with president Buhari should this issue not be swept under the carpet and allowed to blossom and materialize or even see the light of day..

To me it is supposed to be considered a forbidden topic and one not to be tinkered with, it should be a sacrosanct idea never to be toyed with..

Sale of National Assets to me is the same as selling the country, and if that be the case, why not have us split the country into its constituent units and see where we get from there rather than have us sell the whole country..

this is just born out of serious concern for this country as a whole..

I rest my case.
PoliticsRe: Jonathan Disagrees With Buhari Over Railway Achievement by PStacks(m): 4:09pm On Sep 26, 2016
I Am really glad president Jonathan is at-least coming out from his shell to speak up instead of the silent posture he assumed in the meantime, i mean, not everything that went wrong under Jonathan regime was exclusively a Jonathan affair, i mean, his regime was hijacked and sabotaged, if you ask me, i think he was C in C, but was not necessarily in charge, i think the cabals out-weighed him. To me, Jonathan was a very good man and wanted to make everybody happy, but not in this our very Nigeria, give a man an inch and watch him take a mile.. Nigerians to a large extent are very very indisciplined. indiscipline stems from irresponsibility, if you ask me, i think nobody is responsible for Nigeria, Nigeria is an Orphan in my own opinion Nobody owns her and hence nobody takes responsibility for her, not the Hausa's, Not the Igbo, and certainly not the Yorubas, Not christains and not Muslims, Not the Political class and not the electorate and Hence Corruption takes control... Nigeria is like a public toilet every body comes shit there and nobody washes it, but when you get to your private homes and use your toilets, you wash them clean..
Ownership for Nigeria is a real big deal, everybody just comes patronises ethnic agenda and when their time is done, the next regime comes and patronise their ethnicity, lets face it, Nigeria Under Buhari has been over 80% hausa/fulani appointment..
To me, i would largely agree with former president goodluck jonathan to a very large extent success of the railway system in Nigeria can be attributed to his regime, but lets also not forget that Obasanjo had a hand in it too and it saw the light of day under President Buhari..

This is it.. If Goodluck Jonathan wants to take some credit on some achievements of his government, he should also be willing to take fault and blames for all that went wrong under his watch..



mazimee:
http://punchng.com/jonathan-disagrees-buhari-railway-achievement/
PoliticsRe: Boko Haram Rated ‘World’s Most Lethal Terrorist Group’; Deadlier Than ISIS, Al-q by PStacks(m): 6:07pm On Sep 21, 2016
Nigeria.. A False Country living in denial.

The question comes to mind readily.. is Nigerian truly a country? are we bound together by our love for each other or held far apart by our greed and disgust for ourselves?

which way forward? where are we? where are we coming from and where are we going to?
can someone give true genuine answers to these questions?

i mean , going by this index from 21st Century Wilberforce Initiative and Stefanus Foundation, 2 American based Humanitarian organisation, identifiny Boko Haram as the most lethal terrorist group in the world.


The organisations disclosed this to a group of journalists while speaking about the challenges faced by victims of terrorism in Nigeria.

According to the Executive Director of the Stefanus Foundation, Mark Lipdo, “Global Terrorism index shows that Boko Haram is the world’s most lethal terrorist group, followed by ISIS, while Al-Qaeda ranks third and the Fulani militants mostly in the middle belt rank 4th”.The 2015 Global Terrorism Index, GTI, had ranked Nigeria as the third most terrorized country in the world up from the fourth position it occupied last year.

Out of the 162 countries of the world that have been worst hit by terrorist attacks, Nigeria, in the latest ranking, follows Iraq and Afghanistan, who were ranked first and second respectively.

The report ranked Pakistan and Syria as the fourth and fifth to complete the top five most terrorized countries.

Lipdo disclosed that 14.8 million Nigerians are directly hit by the crisis in the north east, adding that 1500 schools in the region have been closed, 611 teachers dead and 19,000 others displaced, with 950,000 children forced to stay out of schools, 2000 abducted and 10, 000 boys forced to join Boko Haram.

According to him, “14.8 million Nigerians from north-east are directly impacted by the crisis. Officially, there are 2.2 million Internally Displaced Persons, IDPs.

“Unofficially, there are five to seven millionIDPs. Those in need of special assistance are 2.5 million, comprising children under the age of five, pregnant women and nursing mothers.”

Also speaking at the meeting, the Vice President of the 21st Wilberforce Initiative,Elijah Brown said Nigeria has the third-highest number of internally displaced persons, IDPs, in Africa and the seventh inthe world.

He lamented the menace of herdsmen in the north central and called for quick intervention.As at January this year, the Chief of Army Staff, COAS, Lt. Gen. Tukur Buratai had stated that the Nigerian Army hasdefeated Boko Haram, assuring that the army will remain vigilant to crush any formof insurgency.

“The North East operation is critical at this stage. The terrorists have been defeated; these criminals may rear their ugly heads through other means. We will continue to maintain vigilance,” the army chief stated.

I Mean, these figures are staggerring..

Corruption bears no good fruits. the other day i was watching on television and i heard the American secretary of states...

i will quote him verbatim..

At the world economic forum in 2016, American secretary of state, Senator John Kerry highlighted the ills of corruption,

corruption threatens global growth, global stability and indeed the global future.

in his word, when president buhari took over power last year, he inherited a military that was under-paid, under-fed and unable to protect the nigerian people from Boko Haram and one reason was that much of the military budget was finding its way into the pocket of the Generals and just this week we saw reports that more than 50 people in Nigeria including former government officials stole $9billion from the treasury.

i cant trasncribe everything here, but he went further to make mention that proceeds from corruption are banked with legitimate banks all around the world..

he went further to say that, in his words.. " the fact is there is absolutly nothing more demoralising, more destructive, more dis-empowering for any citizen than the believe that the systme is rigged against them and that people in power are stealing the future of their own people..

he goes further highlighting the ills of Corruption. saying " Corruption is a social danger because it feed organised crime, it destroys Nation states, it imperils oppourtunities perticularly for women and girls, it fascilitates environmental degradation, it contributes to human trafficing, and undermines whole communities and it destroys the future.. Corruption is a radicaliser because it destroys faith inlegitimate Authority, it opens up vacums which allows predators to move in, and no one knows that better than the violent extremist group who regularly use corruption as a recruiting tool, corruption is an oppourtunity destroyer because it discourages honest and accountable investments, it makes businesses more expensive to operate, it drives up the cost of public services for local tax payers and it turns a Nation entire National Budget into a feeding trough, for the privilledged few.


Nigeria surly has a long long way to go.
CelebritiesRe: Pepsi Speaks On The State Of Tiwa Savage's Endorsement With Them. Read Below. by PStacks(m): 12:15am On May 04, 2016
cyborg07:
Pepsi Nigeria took to their Twitter page https://mobile.twitter.com/Pepsi_Naija/status/727208970587353088 to debunk rumors that has been circulating regarding Tiwa Savage's endorsement with them. Rumor has it that her endorsement has been cancelled. But Pepsi Nigeria agrees otherwise. Check out their tweet below.

l


http://www.234vibesmedia.com/pepsi-debunks-rumor-about-cancelling-tiwa-savages-endorsement/
Pepsi are a conglomerate and multi billion dollar company. Such scandals must be far from them. In no time they will sack Tiwa B4 we know it.. Until they sack her tho! I have stopped drinking Pepsi for now and back to my Favourite Coca-Cola.. what non-sense.. Tiwa na Doro and Doro na cheerful giver, she no dey taya!
CelebritiesRe: Seyi Law At Arin's Angels May Day Afrobeats Concert In London by PStacks(m): 9:01pm On May 03, 2016
Kolababe:
Yesterday was the first ever Arin's Angels May Day Afrobeats concert in London and Seyi Law hosted the show. He was however on stage with another hot Nigerian lady which he really couldn’t take his eyes off. Not that he couldn’t take his eyes off her, but on her two major assets as seen in photo number 3 and 4. But if na you nko, who no like free show, lol.


http://www.newseveryhour.com/2016/05/check-out-hot-lady-who-was-on-stage.html?m=0
What nonsense is this abeg.. Breast don sag finish.
BusinessRe: Banning Forex Trading And Sports Betting Promotion by PStacks(m): 8:56pm On May 03, 2016
Seun:
Dear Nairalanders,

We are thinking of completely banning the promotion of forex trading and sports betting on Nairaland.

Forex day-trading and sports betting are fundamentally fraudulent because they're promoted as a quick way of making money whereas due to mathematical facts, the only people who make money are the middlemen and marketers. The "investors" almost always lose their money.

In our experience, it's not enough to warn Nairaland members about the dangers of forex day-trading and sports betting. The promise of quick profit is just too strong for thousands of vulnerable Nairaland members to resist. The only way to protect them is complete censorship.

We believe that the complete ban of such content will make Nairaland a better platform for discussing legitimate entrepreneurship and finance.

What do you think? Please click 'like' if you like the idea; thanks.
This is the sickest and craziest thing I read all my life. Pls don't let Nairaland get to your head. How on earth would you say you want t Ban Forex trading and sport betting, the only 2 things I do with my life right nao.. it's like saying you want to Ban Marriages and Wedding ceremony because Tiwa Savage's wedding has failed..
This is another low for nairaland.. Ban it and lose One member. Shikena
PhonesRe: MTN4G: Cow Painted MTN Colour (Photo) by PStacks(m): 10:57pm On Apr 08, 2016
Trustyd1:
See What MTN Did To A Cow Photo

No long talk, I just saw this cow on the Facebook page of one top MTN Nigeria staff I know and he tag it, MTN 4G ON THE GO
This is Animal Cruelty and is highly irresponsible for such a coporate organisation as MTN..

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