₦airaland Forum

Truth is that OBJ after handing over to a civilian govt in 1979 became a poster boy for the west.

Now OBJ is old and Africa needs a new poster and GEJ happens to be the new bloke in town after handing over to Buhari.

Believe it or not, GEJ has now joined Abdulsalam Abubakar and OBJ as the face of western interest in Africa.

Am not surprised this thread has only 2 pages only.

Now lets Imagine this incident happened under GEJ.

Your guess is as good as mine

This act should be condemned by all Lovers of democracy. All civil societies must speak out against this.

If Buhari does this, then he has won me over. I will believe his anti corruption crusade the day he handcuffs these men like Metu.

But this news is too good to be true

I don't like Amaechi but whoever wrote this letter and made it public is not doing Amaechi any favour.

hi guys. Just found this indicator online. Attach it to your MT4.

Its a horizontal line indicator that alerts(sound) the user anytime price gets close to the spot he or she wants. Since the Ogas here like PA strategy (trading naked), it can be used as pivot line,S/R line or any other way you so choose. This indicator helps to monitor multiple trades more effectively. Hope it helps someone.

kannymoore:
Inasmuch as buhari isn't aa seasoned lawyer like Udoma and Adeosun, the two latter individuals haven't covered themselves in glory either.

Adeosun, four months into office hasn't given up to 3 press briefings on financial policies aimed @ revamping the nation's economy. Heck, she's been eerily silent all through; in words and in actions!

Udoma, sigh!.. I hear he's in charge of Budgets and Planning. Bearing in mind the gaffes and scandals we've been hearing about the nation's budget these past couple of weeks, its funny that no one has pointed fingers towards his direction.

Anyways... lemme just chill and watch how the whole scene plays itself out.

I can't fault your post sir.

lofty900:
As far as I'm concerned, I don't see anything wrong with signing the trade agreements if it will help bring back our stolen funds and fight terrorism in Nigeria. The ministers advising him did not even give any reason to back up their claims that it would not be in our interests. I support bubu jor.

That depends on the contents of the agreements. Adeosun and Udoma are professionals nah. Maybe they felt the contents are not favourable to Nigeria.

Buhari is neither a financial person like Adeosun nor a seasoned Lawyer like Udoma. Buhari must learn to listen to sound advises

Lobby the NASS with $1bn to pass True federalism bill, state police bill and removing anything that has to do with the economy from the exclusive list.

My only problem is that FG will use a 50 naira stamp tax generated in Lagos to develop Sokoto.

In this revised budget, no money was allocated for the construction of Enugu - Onitsha express road. I would've loved it if this 50 naira bank stamp tax that is generated btw Enugu and Anambra states is used to build that road.

Nigerian's will gladly pay taxes if they see their money/taxes being used to develop there immediate locality.

TRUE FEDERALISM IS STILL THE ANSWER TO OUR DEVELOPMENT

Following......

GettysBurg:
Honestly, you have raised some important points. In particular, the issue of the foreign reserves drop in GEJ's tenure. But let's take a dispassionate look at the points and the circumstances again.

1. The claim by Apc and their cohorts, that the economic collapse should be blamed on the Jonathan government is irresponsible. Why did the economy stay fine throughout his 6 years in office? How come that government successfully managed the economy for their 6 years in power to the extent Nigeria was the toast of investors globally? Nigeria was an economic phenomenon during the last government, for instance:

- Our stock market was consistently rated top 3 performing in the world.

- We grew to become Africa's biggest economy, overtaking South Africa , no mean feat.

- We never had petrol queues as products came in constantly and consistently, and at official price. We even had a reduction in price by 10 naira to reflect the crash in global crude prices. (In Apc government, we have a massive crash in global crude prices, yet they reduced the price by 50 kobo!!! Fraud!!!)

- The issue of Jonathan saving excess monies: Do we all remember how Dr Okonjo Iweala kept crying and screaming about the need to save in a Sovereign wealth fund? Do we remember how the governors forum led by Amaechi stood against the idea and even went to court about it? Now the chickens have come home to roost!!!!

- There's neither magic nor shortcuts in managing an emerging complex economy like Nigeria's. Same way there's neither magic nor shortcuts to carrying out a major brain or heart surgery. Surgeries are performed by highly trained, skilled and experienced surgeons. Not even by 'normal Doctors (GPs). And this answers the questions about how and why the economy was buoyant under PDP and suddenly begins to crash under Apc! It's knowledge, Simple!!!

- Do you know what the IMF president, Christine Lagsrde, told Buhari when she visited last week? Answer: She told them there will be no loans available for Nigeria now, (as buhari was planning to take massive loans to finance his budget), as Nigeria has been delisted from critical indexes which would have allowed institutional investors reflate the economy via bonds in this critical times. When the delisting was about happening in june, buhari and Apc dismissed it as nonsense talk. They never knew how Nigeria is so interconnected to the global economy. They never knew they closed critical access to important financing windows. Okonjo Iweala would never make such mistakes. Competence is key!

- The major item that strains our foreign reserves is Fuel imports and subsidies. Jonathan, in all sincerity, called for the removal of subsidies and the nation crucified him. That would have solved this problem once and for all. Now the same treacherous Apc comes around and now removes subsidies which they earlier condemned.

I recommend this government does 2 things to salvage what will be the worst outing of the country since colonial days:

1. Look for an world class expert in development economics with critical experience in emerging markets to manage the economy, with sufficient powers given to him/her.

2. Get Buhari to liberalise his mindset and let go of his Statist and socialist ideologies. It isnt going to be compatible with number 1 above.

3. True fiscal federalism/ Resource control. Let each state manage it's human and mineral resources and then pay a % as tax to the center.

Meanwhile, wonderful post. 16 cartons of whatever you're drinking cos am buying.

I knew that this blame game is getting out of hand when the health minister blamed GEJ for Lassa Fever.

Truth be told Buhari was never prepared for leadership. I would've said APC but I can bet anybody that Atiku or even Tinubu would've done far much more better than Buhari.

Luciferlove:
wey mods for NL sef i bet my left ball that this ill not get to FP

Tender your left ball now for proper smashing

titoetal:
It's really a serious matter. Who do we blame? The myopic mind of our past leaders, managers of economy that failed to develop other sectors and inherent potential of our human capital. Rather, they kept squandering the golden eggs from the geese, building mansions home and abroad, starching money for their fourth/fifth generations to come. Establishing company abroad with stolen funds.

The truth is that it's not going to be easy. The oil and gas industry has been on red alert in Nigeria. No new investments and projects. Workers both permanent and contract staffs are being laid off almost on a continuous basis. Salaries are reviewed downwards and the "Big Boys" pockets has become lean, no more reckless spending. The language of the Big Boys now is; 'you no hear say oil price don fall'
Now it's $30+ but it's projected to go down further and remain so for the year unless ??.

It's going to be very challenging for this present administration and the citizens as well. We are reaping from maladministration of past governments.

What's the way out fellow citizens? We must look inward and develop our potentials. Support innovations and [/b]reduce central govt's unnecessary restrictions to local industrialization - give more powers to states[b].

E.O.D.

Once we do the bolded, every other thing shall be added unto this nation.

Kikero112:
This joke is lame...really lame.

But...let's get serious.

The road to N1=$1 is very plain

1.Remove subsides, increase taxes, school fees fuel price, end corruption, and tighten the borders.

2.Reduce government costs by sacking excess workers, and by tightly monitoring government spending.

3.Spend more on Power generation and transmission.

4.Spend less on imports, and more on made in Nigeria goods.

5.In the short term....increase revenue generation from agriculture and mines. Note that I said short term

6.Savings,savings, savings.

7.Grant favourable concessions to local and foreign investors who will invest in industries that use Nigerian raw materials.

8.All the above will take years....but if we do it, we could have N1=$1 in ten years.


Assignment: A not so brief history of the fall and fall of the Nigerian naira.

You forgot to add the most important ingredient.

TRUE FEDERALISM. Let each state or region manage it's resources and pay 50% to the federal purse.This is the shortest way to economic prosperity of this nation.

This our current system has not worked since 1970. Let's try another system

One very good thing about APC is that it's propaganda machinery is fantastic. They're everywhere from Social media - TV stations - Print media.

No wonder Lai Mohammed was given huge funds in this 2016 budget. It'll be difficult for any opposition party to outwit APC in propaganda.

Super1Star:
We cannot say that because of fear of another terrorists group springing up, Nigeria should keep condoling lawlessness within her borders..

Deal with the exigencies of today first, when the challenges of tomorrow come up, you will also deal with that accordingly.

[/b]If another terror group rises, they shall be defeated like Boko Haram. before BH, there was the Maitastine sect[b]. No be today.

I am sure no group will dare to block a road in the name of one archaic procession again. It is govt road and not El Zakyzaky's road. If he wants his followers to be blocking a road, he should construct a 10lane highway in his compound and be watching them having a militia procession of show of disobedience to constituted authority from his rooftop.

After they may've killed thousands of innocent people just like Book Harum?! This is a needless bloodshed for Christ sake of which just recent history has shown us has serious repercussions.

As we're talking now our security agencies are over stretched. We cannot afford another terrorist group. This is just a banana peel planted by the devil himself for this country into a bottomless pit of sectarian violence.

ShowYourCertificate:
Exactly!

Buratai will pay for this senseless massacre. See the video clip:


https://www.youtube.com/watch?v=lMnzQbnogdk

most of the pple that are supporting the military action don't have mb to watch it or they're members of the rice eaters association. Let's pray that this act won't give birth to another terrorist group

My fear is that with the huge number of Lebanese in Nigeria, some may even be Hezbollah members. We may have Hezbollah sleeper cells here in Nigeria that can be activated by just a call from Tehran.

Akexstinger:
Majority of Nigerians can reason like mumu sha. It's normal for Iran to issue a statement on the Elzackasy arrest because it iis a country with large shite Muslims and it does not necessarily mean they can interfere in another country's affairs. Same would have happened if a Catholic archbishop was arrested, Vetican would have utilized diplomatic means and still issue a statement on it.
For those of you thinking that Iran will either attack directly or through proxies, then I ask you guys to go back and do a lot of reading. How many times has Saudi Arabia executed Shia Muslims? And what has Iran done? Is Saudi Arabia not closed to Iran? And mind you Iran for now is under watch, Iran just came out of sanctions and can't wait to be reintegrated into the world system. Thailand or Indonesia recently executed some shite Muslims and their leaders and the group was disbanded, Same Iran also issued a statement too...So you guys should spare us this issshhhhh as it is a norm for Iran to voice her concerns

Do you remember that there maybe a huge Hezbollah sleeper cell in Nigeria. Just look at the lebanese population here. The countries you mentioned are far more wealthier and have more organised security apparatus than Nigeria.

Years of military dictatorship, Boko Haram, declining oil prices, corruption, tribalism, etc have weakened us tremendously. Once our security agencies are distracted by another terrorist group sponsored by Iran, then we can kiss our unity goodbye.

I suggest PMB should send him to court ASAP and tell the judge to grant him bail immediately. From granting him bail, let the Judge strike out the case against him.

Nigeria can't survive a sectarian violence that will emanate from this.

bjdon:
You are a very intelligent chap, so let's not beat about the bush or waste time with semantics. There is a global Shia V Sunni civil war going on. Iran leads the Shia, Saudi leads the Sunnis. Anywhere the Shia are being victimized you can expect Iran's voice to be heard, that is just a fact. Another simple fact is that Nigeria is in no way shape or form ready/able to confront Iran. If they want to sponsor mayhem in our country they can do so. One of their proxy armies, Hezbollah is the ONLY mid east force to fight Isreal to a standstill.

I've got little time for empty boasting and chest beating. Nigeria could not handle rag tag Boko Haram(who by the way are still not defeated), they had to bribe the ND militants to cease fire. Is that the country that now wants to take on Iran? Sorry bro but in international affairs might is right and Iran has the might, Nigeria should do the needful to defuse the situation.

You are indeed a very wise man

AdiscoPele:
The same minority(GEJ) that was given a chance, what was the outcome?

Please, i what we need for the main time now is the majorities.

They have balls and not some minority that will take us backwards.

But people from the majority tribes ruled Nigeria more than GEJ. They're more responsible for the mess in this country.

Ymodulus:
The problem is that we kill ourselves when you go to export, [/b]some fees you pay are not helping matters[b]. Structures on ground are also not encouraging. Though some people still export though.

If you know Jebba - ilorin road close to old Peugeot office ( abandoned now ) those charcoal you see there are all been exported.

I will be traveling next week around that area will stop and make some findings.

I think Buhari administration should do as the new Argentine President did by reducing export taxes ASAP.

I just saw something, though it's not yet confirmed that banks will automatically change FX currencies in your domiciliary account to Naira without your consent.

Exportation is very good. But the know how is where the problem lies.

We've received importation trainings here in NL from people who actually import things. But I'm yet to see a true exporter here or in real life apart from maybe Multi millionaires with huge capital war chest. Just like Ymodulus & Co helped many pple here with import business, we need pple with hands on experience to teach us about export biz and not information marketers/bloggers

Sometime 2015 I read that EU placed a ban on our agro products. Has the ban been lifted?

shalom123:
its not involved, my friend funded with it like a week to two back just try it.

how about dat E-exchanger? Will cbn policy affect them?

ayatt:
God bless you Gumi...Iran has been the major sponsor of Shiites since time immemorial.

The north cannot afford another boko haram in disguise.. enough is enough.. since those shiites cannot practice peacefully without blocking highways meant for Nigerian citizens then the army will do the needful.

God bless PMB

North just planted a seed and sectarian violence will be harvested. Northern leaders just pressed another self destruct button.

ziccoit:
I think people are tactically supporting these corrupt elements because of nonsense loopholes abound in democracy. If GEJ, Dasuki etc had been rounded up and summarily executed while the same was aired on national televisions for the craziness and mind shattering corruption perpetrated in that administration; no one would have courage to come online and started twisting the obvious.

Nonsense.

Summarily Executed just because of rumours I think that's going too far.

It's still not yet late. Niger delta states should start agitating for resource control now before oil goes down to $5 per barrel. The NASS members from Niger delta states should start lobbying members from other regions.

The whole money should be used to reclaim the land and rivers that have been polluted and also used to develop other sectors like tourism, maritime, etc.

I know the Niger deltans will survive and thrive in an era of low oil prices.

sapientia:
Till unemployment becomes an acceptable excuse for crime... i might listen to this rubbish

Pa Buhari.. stop making this guys believe there is an acceptable excuse for mutiny

Were you really an officer?

Best post on this thread.

Name whatever brand you are drinking. You deserve a carton

Don't worry, i'm buying.

666

lonelydora:
When oil price was at 110 dollars per barrel, other countries were investing it wisely while our government was sharing it among themselves. Now the chip is down, we need to explore other methods to survive. Blame 16 years rule of PDP and not the present government.

No sir forget about PDP. When NOI spoke about savings, our Governors from both major parties said rejected the idea. Soludo recently said that PDP left Nigeria better than they met it.

For those who keep on insisting that we should buy Made in Naija goods, what do we even produce in Nigeria? Those saying that China and India did it, go and check both countries had stable power. It's not possible for majority of Nigerians to buy made in Naija goods and services. At this rate in 2 years, Nigerians will start asking for another election.

Solution is simple, devalue the naira. It took the new argentine president less than an hour to devalue peso. Now world renowned economists are hailing him.

2ndly, Buhari must devolve powers to the states. Soludo said that that's the only way to unlock Nigeria economic potential.

Moderators, this needs to be on the front page.