SIRTee15's Posts
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freshdude99:point of correction..... tinubu is not the voice of Yoruba people..... he does not speak for south west region. tinubu speak for his pocket and his imperialistic tendencies....... |
inkon:votes do count..... as regards edo, going into the election obaseki was the clear favourite.... forget the noise about rigging or electoral malpractice...... there was no way eze iyamu could have won the election...... so many things were against him.... his life was just too controversial, the odds were against him.... even his fellow pastors wouldn't vouch for him....... |
freshdude99:competence u say....... is that why zik appointed a non medical doctor as the first CMD of UCH...... At a time the country already had medical Doctors who were professors...... abeg zik knew what he was doing when he chose to become a ceremonial president under a govt largely dominated by a party who had an unrivalled hatred for his kith and kin...... |
FG should focus on the economy n forget all these beer parlour gist...... 2019 is closer than u guys think n it will do Buhari like magic........ besides when will all this highly placed source tell our 'junk status' media outlet that Buhari is planning to sack all his cabinet ministers...... that's the news Nigerians want to hear...... |
so these IPOB yoots know what to do...... then it begs the question why are they not doing exactly what they wrote above......... obviously, they are bugged down with typical black man mentality of wanting to cut corners n quick-quick result....... very emotional and irrational bunch of clowns...... |
SharkTank:abeg drop all these...... what do u gain anyway....... focus on her message..... |
SharkTank:she's modupe Odele, a Human Rights lawyer..... |
Chipappii:how do u expect a Yoruba royalty to dress......... wake up Bro...... slavery n colonialism left our shores decades ago..... emancipate urself from mental colonialism disturbing ur spirit........ |
cascarino:so u actually think UN will come down to SE/SS n conduct a referendum and then give secession without recourse to the central govt........ That's why I don't engage IPOB illiterates in any form of intellectual argument......... do u know the number of restive regions globally agitating for a nation of their own, yet the parent nation ignores them while the UN remain indifferent......... or u think its only biafra..... get a book, read it and cure ur ignorance....... or better still go and read about South Sudan referendum and learn how they achieve their independence....... https://en.m.wikipedia.org/wiki/Naivasha_Agreement https://en.m.wikipedia.org/wiki/South_Sudanese_independence_referendum,_2011 Pls do not mention me unless you've read the above link..... or else I won't even bother deem u a reply..... |
attackgat:so what exactly do u want buhari to do? obviously he can't grant the SS/SE referendum because it's unconstitutional......... Even, if he grants and conducts it anyway, the national assembly will kill it......... Buhari can also be dragged to court where the Supreme Court will declare the referendum null and void..... I think the first step is to insert a secession clause into our constitution...... and only the national assembly can do that....... I know it's going to difficult, but at least that's a legal way to go about it...... then the SS/SE elected representatives need to get on board....... without them, I seriously doubt this agitation will get the momentum it needs to push forward its agenda..... except IPOB is hoping on international community to force the hand of the federal government to grant referendum....... |
lastpage:education is not definitely a waste..... but the truth remains our higher education curriculum needs to be seriously reviewed..... Now, universities are meant to focus on high level technology that has more to do with creativity, innovation, critical thinking, scientific discovery, research and development. low and medium level technology is about practical hands-on, skill acquisition n vocational training, these are meant to be taught in technical colleges, institute of technology etc......... Thus, learning is meant for university while training is for colleges, polytechnic etc Nigeria is a developing economy and the kind of jobs it can attract are mainly ones that require low and medium level technology and this is where the problem lies....... The Nigerian graduate is not trained to function at this level of technology......... the Nigerian graduate is largely unskilled n untrained, all he has is a certificate. unfortunately, the system gas no use for this........ Therefore, the Nigerian educational system should focus on developing capacity building on low to medium level technology to enhance industrial production and capacity through production of skilled and trained workforce......... This should be the bedrock of our development..... Low and medium level technology is what is needed to operate simple n complex machines in factories; establish low and intermediate scale manufacturing; production of consumer n household goods; produce basic pharmaceutical; engage in shipbuilding and steel manufacturing; electronic n car assembling plants; solar technology; produce skilled technician that can construct roads, bridges, tunnels, skyscrapers; establish a vibrant textile industry that can compete against foreign imports; modernise our agriculture esp in the area of irrigation, storage n preservation, mechanization; training quality artisans that not only replicate but also add value to jobs given to them; development of the value chain in our industrial sector...... we also don't need graduates to work in majority of jobs available in our service sector........ if the job is not highly specialized requiring specific skills, then a diploma certificate holder will suffice. and our technical institutions can be responsible for that....... govt needs to revive our comatose technical institutions scattered all over the country, they should be adequately funded n their curriculum be structured to fit the need of our present economy. skill acquisition n practical learning should be the bedrock of these institute and industrial training should be introduced right from year one. there should be less of classroom learning n more of work experience. courses that has no practical basis should not be offered in these schools, there's really no point. 90% of our teeming youths seeking higher education qualification should be encouraged to attend these schools as this is what the country need right now. entry into main university should be cut down to less than 10% of its present number. the country do not need so many graduates right now....... what it has managed to do is breed a bunch of frustrated graduates as evidenced by comments in this thread...... let's do this and watch as our nation become an industrial giant 10 yrs after its implementation...... This is the model in Germany n that is why they are immune to the recession nonsense in Europe....... |
The Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), Alhaji Muhammadu Sanusi II, among other experts in the financial services industry, wednesday backed the resolve of the Monetary Policy Committee (MPC) to retain the benchmark monetary policy rate (MPR), as well as other monetary policy tools at the end of its meeting last Tuesday. Sanusi also expressed optimism that the Nigerian economy was on the right path and would rebound. The emir said this at the launch of the Nigerian Banking Report 2016 by Afrinvest West Africa Limited titled “Search for Investor Confidence” in Lagos. The MPC held the MPR at 14 per cent, with an asymmetric window at +200 and -500 basis points at the end of its September meeting. The CBN also maintained banks’ Cash Reserve Requirement (CRR) at 22.5 per cent and the Liquidity Ratio (LR) at 30 per cent. The decision by the MPC to retain the policy rate went against the call by the Minister of Finance, Mrs. Kemi Adeosun, who on Monday called for a reduction of the MPR in order to lower the cost of borrowing for government, individuals and businesses. But this was rejected by the MPC on the grounds that it could worsen inflation in an environment of low productivity and could deter foreign investors who had started to show renewed interest in Nigerian financial assets, following the liberalisation of the foreign exchange market three months ago. CBN Governor, Mr. Godwin Emefiele, said at the weekend that about $1 billion had been staked on fixed income securities by foreign investors since the central bank lifted the peg on the naira. Sanusi said: “To be honest, when the fiscal authorities and many people in the private sector said they wanted a lower interest rate, I was concerned that the central bank would succumb to pressure. The fact that the central bank did not, shows that the central bank is beginning to reclaim its independence, which to me is a very good thing. “I was very pleased with the MPC. In fact, I was waiting for the outcome of the meeting. When the central bank said they are not bringing the interest rate down, then I said ‘yes’, that is what I like to see. These are economic issues and you make choices. “As an interested party and a former central banker, I can see why the central bank was not willing to reduce the interest rate at this point in time. If you lower the MPR by 100 or 200 basis points (bps), it is not going to lead to a rapid increase in credit growth. You will not see an increase in credit growth that would reverse the downward trend in output by lowering MPR by 100 or 200 bps. “You would however further fuel inflation and you would reduce the yields on fixed income securities at a time when you are trying to attract foreign exchange. “The immediate oxygen that this economy needs is foreign exchange and portfolio investors are important.” He urged Nigerians to be patient and expressed optimism that the Nigerian economy would rebound. According to him, “The last two or three MPCs ago, as far as I was concerned, the central bank got the decisions right by going to a flexible exchange rate and by tightening monetary policy.” He pointed out that the naira is currently undervalued just like most stocks on the Nigerian Stock Exchange (NSE), but fixed income securities were offering high yields. “Now, do we really have a flexible exchange rate? That is what we need to look at. These things require courage because some of the decisions you would take would seem to fly in your face in the first week or two. “So, what does that tell you? If you allow people to actually come in with their dollars and sell at whatever rate, people want to buy and people see that they are going to make money on fixed income, or on equities and on currency appreciation, you will have liquidity in the market. “Now, so long as you don’t allow that, you are not going to have the flows that you want. It is the inflow of dollars into the economy that would move the naira towards its fair value and for it to get to where you want it to be. “It is not by fiat. The market does not accept orders. You don’t sit down and say where you want the naira to be. It would never happen because it has never happened. “They tried that in Ghana, we have seen it in Venezuela, we also saw it in Zimbabwe. If you don’t have dollars in the system, your naira is weak, simple! “So, the question is, how do you attract dollars? Now, are portfolio investors the final solution? No, they are not. “But anyone who thinks that a long-term investor is going to take a 10-15-year risk in an economy where we don’t get short-term macroeconomic decisions right is wasting his time. “You have to have the macro right. You are not going to have the IMF or World Bank or even banks invest in your bonds, because they are looking at the huge gap in macroeconomic decisions,” he added. According to him, the past three months had been a learning process for policy makers in the country, adding that there had been a retracing of steps. The Kano emir also expressed satisfaction that in the past few days, there had been a lot of conversation around the economy, adding that that is what is required in a nation in crisis. “What we need to do is to understand what exactly is the macroeconomic framework within which to operate and what we seek to achieve as a nation. “The central bank keeps high the rate of interest and it is very clear in its mind that it is keeping these rates up in order to keep yields high so as to attract dollars and with that help stabilise the currency. “Greater inflow of dollars would help reverse step-by-step, all the missteps that had been taken in the last 18 months and get capital back. “We need to encourage the central bank to have the courage to take that risk of implementing that document of actually going into that flexible exchange rate. Let the market work for two or three weeks and see how it will perform and you are going to have a gradual narrowing of the gap between the interbank and the parallel market rates and more liquidity in the system,” he said. He also advised the federal government to sell down some national assets in a manner that does not hurt its strategic interest. “We need to sell down some oil assets and sell down some refineries in a transparent manner that gives you value. You can even have the option of buying back later. But basically it helps you raise revenue,” the former CBN governor said. Earlier, during a panel session, Prof. Pat Utomi said it had become the tradition that a new government in the country would allow things to get worse before they learn rather than building a consensus that allows the country to forge development that is sustainable. He stated that Nigeria has a crisis of leadership. “We must be able to show a clear game plan, with some critical elements of industrial policy in areas of competitive advantage, which would be self-explanatory and attractive to investors. “Government must be responsive to signals and not let things go out of hand before seeking out solutions and these have eluded successive governments,” Utomi said. Also, the CEO of the Economic Associates, Dr. Ayo Teriba, pointed out that Nigeria was facing its economic challenges because of its over dependence on inflows from portfolio investors and export proceeds. “We must learn from India that relies heavily on Diaspora remittances, which are directly invested on sovereign assets, thus providing the needed foreign exchange. We must broaden the focus, not only on foreign investors, but with confidence building policies to attract the Diasporans,” he added. http://www.thisdaylive.com/index.php/2016/09/22/sanusi-foresees-rebound-of-economy-backs-cbn-on-rate-retention/ |
rugged7:can u plz just give a brief summary of the main issue btw nhs and the junior doctors contract..... and why is the conservative govt hellbent on forcing the contract down their throat....... what are the grey areas and why is it unpopular among the junior doctors....... and in your honest opinion, do u think the junior doctors are overpaid...... |
Pangea:as in..... Naija men no they try at all....... turning urself into the landlord of a house built by ur wife's sweat...... freeloaders everywhere...... |
okosodo:Angola is in deep poo recession...... the country is just another wasteful, massively corrupt, mono economy dependent African nation. |
hUmaneOne:no 7 isn't correct, it's the Indians..... |
iykecicero:she's right..... until Nigeria sought out her trade imbalance by increasing export n reducing import, the mad pressure on the naira will persist........ if u like go n call okonjo iweala, n other seasoned economic expert to manage the economy....... it's will only end up an academic exercise....... for instance, fuel gulps 30% of dollar demand for importation, how about we refine our crude oil here...... and petrochemical products from crude oil refinery can serve as raw materials for our industries........ exploitation, development n investment into the solid minerals sector as well their extraction will go a long way in solving raw materials difficulties our companies face as regards importation........ rejuvenation of our steel industry will also be a major boost to industries that rely on metal alloy for production....... all the above will surely reduce pressure off the naira n equally boost export, thereby helping our balance if trade..... so next time u want to contribute.....be logical n don't be abusive. |
pgiddy:u that is talking..... can u mention 4 central American countries....... and while u are still chewing on that, also mention 4 central Asia countries...... now the fact that u don't know it, does that make u ignorant..... people tend to be more interested in things that directly influence their lives...... when Africa begin to show global impact, Americans will be forced to know about us...... |
danbrowndmf:twin was never an abomination...... Yoruba worship ibeji..... I'm not sure of triplets.... |
hamilton62:pls I need u to tell me this 70% components that are locally sourced and manufactured in Nigeria. because I noticed virtually all motor vehicle spare-parts sold in this country are imported....... if innoson manufactures these parts, why can't our ladipo brothers' patronize innoson instead of going to China to import same items we produce here...... |
tearoses:me self was surprised when he said Nigerians are isolated in UK...... of all places..... when some hospitals in South east London have all doctors, nurses, pharmacist, cleaners, admin staffs, and patients as Naija. they've turn the lingua franca of such places to Yoruba or pidgin....... that doctor was just looking for something else o jare........ for him mind, he don jam another spoilt Naija babe...... let him try such nonsense with a Caucasian and see his career ruined within a moment....... as per the doc, I feel no pity for him...... it's well known in the medical circle that possession of child pornographic material is a serious crime that get u quality jail time........ u don't joke with such things...... why did he not delete it instantly he received it....... the guy has questions to answer..... he will surely have his day in the court..... |
Fabulosdave01:possession of child pornographic material is a serious crime in most countries....... I don't know of others though....... |
Omeokachie:someone that lied he named his dog buhari because buhari is a role model to him....... so in his culture, they honour role model by naming them after dogs..... he insisted he never inscribed a name on his dog..... yet his charge in court said just that..... a pathological n pathetic liar at that....... and u want me believe anything that comes out if his mouth...... the man ordered his relatives to kill the dog because the police wanted to take the dog away n use it as an exhibit against him in court....... |
SmartChoices:the man killed his own dog not the complainant. |
Omeokachie:the man ordered his own dog to be killed so that it won't be used against him in court...... go and read the first police statement on this matter...... he has always denied he inscribed buhari on his dog while other people said otherwise...... the reason he had to kill the poor dog...... the guy knows what he's doing...... he's a troublemaker...... reason why I can never support him........ |
I think we've had n heard enough of this man......
Abeg, let's focus our strength on more profitable things....... |
Jorussia:that guy is right...... without Agro allied industrialization we will just end up like other African countries...... the way out is not creating an alternative commodity export but adding value chain to our primary commodity....be it crude oil, farm produce, raw minerals etc. pls the era of telling people to go back to farm with primitive tools like hoe and cutlass is long gone...... |
God2man:the person is a nigerien not a Nigerian. the confusion has to do with pronunciation.... he's from Niger Republic |
EmekaBlue:you gotta be kidding me..... anyway, bad belle is allowed... |
EmekaBlue:all those guys in native attire are Americans?. |
Chinese has a strong work ethic...... they believe strongly in hardwork and less on luck and talent..... they believe there is no shortcut to success except via hardwork. they believe in learning a method or technique unto perfection and until it's foolproof. they dislike mediocrity or judging your performance based on your own best or capability. emphasis is on result and right from childhood they are well indoctrinated with this principles. they believe no sacrifice is too big to make to achieve their desired goal. they put their nation first....... they depend less.....if at all....on prayer, fate, premonition, conspiracy, destiny, human traditions, archaic beliefs or all those negative philosophy besetting Africa's development. |
Omololu007:but u can't compare the purchasing power parity of both countries...... thus comparing food prices will be unfair...... 1000 pounds is not a lot of money in UK...... but earning that monthly in China should push u around upper middle class....... compare food prices in China to Indonesia ....., then that will be fair.... |
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dem no fine much..just there.. Normal guyz