₦airaland Forum

Ellidude:
Keep deceiving yourself. If you think Nigerians will vote APC again, I suggest you start going for political counseling.

Like a budget you need supplementary political insight.

Your carefully dropped loads of irrelevant facts and concluded with insults. I have seen your type before. Prove me wrong or get lost.

grossintel:
Buhari kindly sallow your pride and seek advise from ex presidents.

I suspect you had toothpaste for lunch.

Jonathan spent just five months in power in 2015 but exhausted 10.5 months of budget and left huge debt in addition. PDP is dead for good. Hurray!
Where did N106B wired to wike of PDP at the last second come from?
We know better.

Real2020:
Niger Delta oil money being shared while Niger Deltans are suffering. Honestly, Niger Delta people...where are your senses? SMH

u av a point though.

MrHenshaw:
Well done Ganduje.If judiciously put to use,within 5years u would have succeeded in reducing d crime rate in kano state by 10%. I wish other states can learn.

Osun and Ekiti. Stomach infrastructure.

That's average of N100,000 per loan. Aregbesola should go learn how to impact lives from his Kano counterpart.

stagger:
Not for public consumption. I signed an NDA.

You can try now. Make it ambiquous as possible and leave the rest to my imagination. Lol
Just wanted to know what pays more.

grandstar:
What debt is crippling the economy? Nigeria's debt burden innately 15% of GDP. This is piffling. America's is about 100% and Japan over 200%.

The fault wasn't from NOI. Jonathan administration lacked the political will to save for the rainy day. She can only advise. it's left for them to accept and apply it.

Her dollarized salary was no big deal. It was a safeguard in case of naira depreciation. She was a World Bank high up with expenses in dollars. That was hardly a dollarisation issue.

I consider your defence too weak. Everybody has dollar needs in Nigeria.

stagger:
The starting point is: what skill do these guys have? If you have no skill you will be earning peanuts!

But if you have real skills, employers will come with thousands of dollars begging you to do their work. I made $50,000 from a Latvian company on Elance in 2013 alone. That company alone paid my rent that year and a jeep I bought.

You have to be on top of the food chain. All this talk about profile building without skills is a waste of time.

I even give 10k, 20k jobs to students because I am too busy now and work with few high paying companies now. There is even a php developer I know based in Lagos who has done more than 700 jobs on freelancer. When u reach that stage jobs will be chasing you, not you chasing $2 per 500 words peanut butter change.

I was curious after reading your post. What kind of service do you offer to get that Latvia job?

eleojo23:
Under Jonathan, minimum wage for federal workers was increased from 7000 to 18000, where did the extra money come from?

Under Jonathan, the FG was paying billions of naira monthly to subsidize petroleum products whose prices kept rising as the price of crude oil rose. A subsidy he tried to remove but was vehemently resisted by the citizens.

Under Jonathan more power
stations costing billions of dollars were completed and made operational.

Under Jonathan old and dilapidated railways were brought back to life (PH Enugu) and brand new standard guage ones (Abuja kaduna ) were also built. These cost billions of dollars to build.

Under Jonathan, perennial death traps like Benin Ore road were rebuilt, these cost billions of dollars.

Under Jonthan, 9 new Federal universities were built, OBJ built none.

Under Jonathan some university
lecturers began earning bigger salaries. Where did the money come from?

Under Jonathan, billions of naira was injected into the amnesty program (initiated by Yaradua). This was done to ensure uninhibited flow of oil. The money came from somewhere.

Under Jonathan our military which had been deliberately abandoned for many years was revamped with billions of dollars to fight boko haram. That money came from somewhere

Buhari is paying more people and doing more yet Jonathan borrowed more than Buhari.

OP should point out the error and stop feigning stupidity online.

anonimi:
Why do you keep exposing your ignorance so publicly like this?
Why, bro
Do you know better about cassava bread than Ebola Owu, the navigator of the All ProgreTHIEF Criminals, APC party who has been Head of State and president of our country for 11 years?

Irrelevant reply. Is cassava imported also?

So Nigerian youth should start hawking crude may they can sell it for $100pb or what is this wailing about?

DesChyko:
Funny. Debts spent in this way is by far more beneficial than the #5k he promised jare. Jonathan invested in cassava research. It should be encouraged and continued.
How can you speak of diversification and condemn research?

Do you know that Cassava is one of the most important crops in Nigeria? If it should be done, it should be done under the Ministry of Agriculture and It is a welcome move.

But trust this administration. Lai Mohammed will quickly droo a Press Release saying 'Cassava is more important to a graduate than his books'

Didn't you see the bread thread on Nairaland front page yesterday? Keep arguing against yourself.

grandstar:
Buhari's economic illiteracy is a big thorn in the flesh of the country.
'
The economy is in confusion and the biggest testament to that is the ever depreciating naira.

Another pointer to this is the disparity between the official and parallel rates. It should not be more than 3%. It is about 20% as we speak encouraging roundtrippping.

The country at this juncture needs a world class economic team akin to the one OBJ picked in his second term made up of Soludo, Iweala and Ekwesili.

Instead the country is saddled with an economic team that is fit for the 3rd division.

But the debt crippling the economy came under Iweala watch. What are you yapping about? She was so strong that she took the title of coordinating minister of the economy. Same Iweala who insisted she be paid in dollars when first approached under OBJ latter complained about the dollarization of the economy under GEJ. Stop promoting ignorance. These people you hold like gods actually consult textbooks like oracle.

DesChyko:
I have noted that you indicated the research was a Jonathan's initiativen Permit me to ask you this: How far has Buhari's admin gone with the research?

He has almost finished paying the debt that was used to sponsor the research.

anonimi:
Instead of building up the system to last, did you say
Where were you in 2010-2015 when Jonathan transformed our country from the rot of DullardPoo's military dictator first coming in 1983-1985 of locust years?
Where were you?



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[img]http://www.tradingeconomics.com/charts/og.png?url=/nigeria/gdp-growth-annual[/img]

Jonathan spent 5 years researching casava bread yet bread price is still high when cassava production is local. Isn't that enough reason for you shut it? U even trying to derail the topic with lengthy irrelevant post. Keep it up.

nedu86:
Factors responsible for our recession :

1. Prosecuting Boko Haram military campaign. Such funds is capable of empowering Nigerians.

2. Crave for foreign goods.

3. Outdated education system.

We are in for real shyte.

God bless you.

If OBJ could increase the reserves from $3Billion+ to $45Billion and still pay a Paris club debt of $18Billion with an oil price ranging from $16pb to $60pb in his 8 year administration from 1999 to 2007, what exactly is Jonathan's excuse for not building on that especially when crude sold for about $100pb in 4years out of his 5years administration?

Yar'Adua built on the $45Billion inherited from OBJ and took it to $47Billion in less than 3years, while still spending about $16Billion to cushion the effect of the 2008/2009 global financial meltdown.

That Jonathan's regime left only $29Billion in the country's reserves without any tangible infrastructure, should be considered a treasonous offence.

Was it spent to diversify the economy? Then how come an oil crisis has plunged our economy?

blueto:
I thought The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, said the “economy was performing better”??
You were saying the truth until the bolded part, because this govt is also the worst and confused govt ever in Nigerian history.

Trash.

In the absense of civil studies in our syllabus article like these are necessary from time to time.

That's why PDP is campaigning with it.

michade:

She said it was “an irony of history” that she would be judged for crimes she did not commit, by people accused of serious crimes.

The Workers’ Party under Rousseff and her predecessor Luiz Inacio Lula da Silva is credited with raising around 29 million Brazilians out of poverty.

But many now blame the party and Rousseff in particular for the country’s multiple ills.

The above shows that people worship their stomach whether in Brazil or Nigeria.

tit:
your man is a failure.
stop moaning

"Your man, my man" mentality is interfering with your reasoning. I have no man in case you don't know. If Buhari does well I praise him and If Aregbe messes up I say it irrespective of the party and region they belong to.

StOla:
I think they actually want him to create money that does not exist, and print some dollars for everyone's vanity.

Don't they get that you have to earn money, and the government that handed over made no provision for such apart from the usual oil earnings that have slumped globally?

Yet when the government goes after those who have robbed the country, even non-politically affiliated suspects, those wailing now would still be the ones to come defend them while condemning the government.

I strongly advice govt to re-introduce Civic Studies into our syllabus and remove social studies. People don't know their right and role of Govt again. They think dollar is a function of PHD certificate. They forget that learning is sustained by character and are ready to sacrifice character just to be 'learned'. We need civil studies back.

StOla:
There's nothing that can be done to stave off the harsh economic storm that is gathering. Now is not the time to act, the time for pre-emptive action was 5years ago when the money was flowing in.

It takes money to make money they say.

Any action taken now to diversify the economy would be for the benefit of those who presently are to young to even know what's going on now.

Can the brain of wailing people comprehend this? I wish it could.

StOla:
The average Nigerian only cares about the food in his tummy, hence the misdirected anger.
[b]
Maybe Buhari should borrow ideas from Fayose whose people don't bother about infrastructure or economic indices as long as they get their stomach infrastructure. [b]

That's the spirit of average Nigerian. Eat today and let tomorrow take care of itself automatically. Just look at Osun's situation. Build few projects today and pay over the next 40 years.

StOla:
We are suffering for the waste and gluttony of the past administration.

The only administration that could not increase the foreign reserve despite selling crude at very high prices, instead it depleted what the OBJ regime saved despite lower oil prices then.
[b]
If OBJ could increase the reserves from $3Billion+ to $45Billion and still pay a Paris club debt of $18Billion with an oil price ranging from $16pb to $60pb in his 8 year administration from 1999 to 2007, what exactly is Jonathan's excuse for not building on that especially when crude sold for about $100pb in 4years out of his 5years administration?

Yar'Adua built on the $45Billion inherited from OBJ and took it to $47Billion in less than 3years, while still spending about $16Billion to cushion the effect of the 2008/2009 global financial meltdown.

That Jonathan's regime left only $29Billion in the country's reserves without any tangible infrastructure, should be considered a treasonous offence.

What was the money spent on? The PDP envelope of dollars?

Was it spent to diversify the economy? Then how come an oil crisis has plunged our economy?

How come the Jonathan administration was already borrowing to pay salaries in February, March, and April 2015? This was just 8months into the oil price slump which was even still about $50pb then.
[/b]

Watch how they will swoop on you for this brilliant post. They are only interested in interpreting every outcome of their clueless brother's action against Buhari and APC.
Jonathan was just borrowing to sustain favourable economic indices instead of building up the system to last.

henryutd:
Agreed. It's not the economy that is in confusion. It's you and your master.
How can a Keke napeb mechanic be given Ford fiesta ST200 to trace it's electrical fault which affects the brain box.

eleojo23:

EastGold:
Confused people

@stOla, didn't I tell you?

StOla:
We are suffering for the waste and gluttony of the past administration.
The only administration that could not increase the foreign reserve despite selling crude at very high prices, instead it depleted what the OBJ regime saved despite lower oil prices then.
What was the money spent on? The PDP envelope of dollars?

They will swoop on you soon. Just watch children of anger.

As for me, we need to change the system. There is round-tripping of dollar just like there was for fuel because the govt had decided to subsidize the dollar (A.K.A. Defend the Naira) by flooding the market with low priced dollar but that barely account for 20% of the $$ rate increase of today. The govt does this via CBN and Commercial banks who just like PPPRA, NNPC, Marketers. & other officials in petrol distribution are corrupt and promote dollar round tripping. The solution lies in changing the system by stopping the subsidy. Buhari attempted to partially stop Dollar subsidy to inspire local production but was blamed by same set of people who will soon be here to blame him because it didn't favour them.

claremont:
If you had a disability like this poor lady did, and you were stripped naked, beaten and made to confess that you are a witch, you will confess anything. It's the same method the Nigerian police use to extract so-called confessions from innocent suspects. This is a barbaric culture that every right-thinking Nigerian should reject. You remember the poor toddler in Calabar/Akwa-Ibom that was almost starved to death because people believed he was a witch, it took a white woman from Denmark to show love to the kid, the love that religion denied the kid.

Without testing the woman you are here spewing dust.

Seun:
Can you explain why the "witches" always allow themselves to be stripped, beaten, and sometimes burnt to death instead of just flying away?

Are you aware there is a National Association of witches and wizards? They sponsored advert to express their support for Goodluck Jonathan during 2015 election run up.