₦airaland Forum

playah P: YES.
WE CALLED OUR MEN IN THE POLICE TO GO PICK THEM UP... WHEN THE POLICE GOT THERE, THE VIGILANTED REFUSED TO RELEASE THEM.

THE TRUTH IS THAT THE VIGILANTE ARE MAINLY 2.2. MEN AND WE ONCE JACKED BUSINESS FROM THEM... THAT LED TO SOME MISSING PEOPLE BUT NO CASUALTY FROM MAFIAN SIDE.
THE 2.2. MEN FELT THIS IS THE RIGHT TIME TO EXACT REVENGE.....

FINE, REVENGE IS OKAY.... BUT WHY KILL INNOCENT BOYS WHO WE STILL IN SECONDARY SCHOOL WHEN THE INITIAL CONFLICT OCCURRED??

WHY MURDER THEM IN SUCH A GRUEL AND UNHOLY MANNER??

I REPEAT, THESE BOYS ARE NOT ROBBERS!.
THEY HAVE NEVER ROBBED OR KILLED ANYONE.

THEY WERE ASSOCIATES FOR TWO YEARS, BECAME BONIFIDE MAFIANS AT THE BEGINNING OF THIS YEAR.....
GETTING THE POSITION OF A RED STAR CAPONE (COMMITING A SUCESSFUL COUP) GUARANTEES YOU IMMUNITY AGAINST EVERY PUNITIVE MEASURES AND THIS ALSO MEANS THAT ATLEAST 10% OF THE FAMILY BUSINESS WILL BE DIRECTLY ORDERED AND CONTROLLED BY YOU....

I FEEL ITS BASICALLY OUT OF THE NEED TO RISE RAPIDLY THAT THEY WANTED TO COMMIT THE COUP..... BUT ALL THE SAME... A COUP DOES NOT INVOLVE KILLING ANYBODY...

Pukkah: It doesn't look like the GDP has not been shrinking. The realized growth rate for 2011 was 7.74% whereas the projection for 2012 was 6.38%.

The CBN, at its Monetary Policy Committee Meeting in July 2012 noted that the decline in the projection was attributable to a number of reasons one of which is the prevailing security concerns.

The Committee also noted that the slowdown in growth in agricultural output (4.08% in the second quarter compared to 4.15% in the first quarter) was traceable to the 'continued security challenges which affected a large part of the farming population in the northern parts of the country during the period'.

Apart from agro-allied and agro-based businesses, many other businesses are also counting their losses due to the insecurity in the North. It has affected the Telecoms companies as well as banks, real estate companies and SMEs. You're lucky if you happen to be in a business which has not been directly affected by the insecurity.

So don't try to downplay the effects of insecurity in the North on GDP. Or is local (not FDI) production no longer part of GDP calculation?

Katsumoto: You will do well to quote sources when providing stats such as $9 Billion, highest FDI in Africa, 70-80% of stock exchange being held by foreigners.

While you state that there is FDI, the Economist (Sept 29th - October 5th edition) wrote, in an article titled "Nigeria's Insurgency", that investors, both foreign and local are fleeing from Nigeria because of Boko Haram. The same article states the the GDP of the North has shrunk by 30% and there are concerns of spreading to the rest of the country.

wizecoder: Funny country....... mining iron ore without functional steel rolling mill ....google itakpe BIF..........
Ok you thinking f export maket...? impossible without rail.... if we can fix these stuffs then we can talk of the economic value .

Zutchy: [b]I thought some senseless people said that this govt is wasteful,[/b]please somebody should tell me something,when your foreign reserve rises doesn't it mean that you are saving more and cutting down on your expenditure,so it means therefore that this govt is being prudent with the resources at its disposal.nice one to GEJ and the indomitable NOI.

Highlights of the Framework:

* Presentation of the budget 3 months before the end of the financial year in order to ensure that the Implementation of the budget estimates start on January 1 for improved predictability and better implementation of the budget( The Budget is ready and should be presented by month end or early October- first time it is going to the National Assembly this early since 1999).

* Reduction of Budget deficit from 3.35% of GDP in 2010 to 2.96% in 2011 to 2.85% in 2012 to projected 2.17% in 2013(next year).

* Reduction of domestic borrowing from N1.1 trillion in 2010 to N852 billion in 2011 to N744 billion in 2012 budget and projected N727 billion in 2013(next year).

* Provision of 'Sink-in Fund' of about N25billion yearly from next budget year to service domestic debt in order to try to retire it over time.
* Reduction of Overhead votes from N526billion in 2010 to N266billion in 2012 to projected N230billion in 2013(next year).
* Reduction of Recurrent Component of the budget from 77.43% in 2010 to 74.43% in 2011 to 71.47% in 2012 to around 68.7% in 2013(next year).

* And in a move that is personally more exciting, the promise by the President to quickly treat the extremely important Oronsaye Committee Report which would drastically rationalise the large number of agencies in government, reduce waste and even further reduce the high cost of governance as reflected in the Recurrent budget(Mr President should plz fulfill this promise of his (with the required Wisdom cos of the sensitivity but also with Courage cos of the necessity ), release the Oronsaye Committee White Paper and start implementation asap)

...meanwhile, heard that this year's budget utilization('implementation') rate up to the 3rd quarter releases is around 65%( dont have the specific level at this time though).

The Budget process is been gradually consolidated from the unfortunate fiscal 'looseness' and indiscipline of the Yar'adua's years and the first year of GEJ.

http://www.channelstv.com/home/2012/09/19/jonathan-submits-2013-2015-expenditure-frameworks-to-senate/

http://www.punchng.com/news/fec-approves-draft-budget-of-n5trn-for-2013/

kunlekunle: you are a typical nairalander, you write, then think.
in the future you think, then write.

what economic system is NOI giving us, not the failing ones we are seeing.
its been failing since just recently it came into limeligt.
you love this HIV economy, i , i hate it with all my strenght.
like i said before, in 2 years time the whole investment would be wiped out. WATCHOUT.

manny4life: All these arguments, some relevant, while some "mere illusions" (I had to borrow Kat's word).

@Isale-eko,

Though you and Kat have argued it out, and there's nothing else for me to add, I will leave you with this on note;

Regardless of how sweet 16% yield, investors are very unlikely to buy because it's no rocket science that Nigeria is a high risk zone prone with corruption and dilapidated infrastructures, gloomy future and what have you. Remember the saying "the greater the risk the greater the return". The question remains, how many investors ARE WILLING to undertake such risks?

CyberG: We know all the money was stolen...but ask Iwuala why she hasn't released their money? Imagine, and this stupid flop of a woman is writing a book?

Joeadamu86: Pls Taharqa this issue has been over flogged,it is giving some people prominence on this platform,only the supreme beings don't make mistakes,I believe this is an eye opener for the presidency to be more accurate in its future endeavors.No one is perfect even in America there are mistakes it's not peculiar to Nigeria alone..it's a wake up call.

Gbawe: Mumu. Always making a fool of yourself. I don't suggest you are fearful of me but you make it obvious you may be because that is what comes to your paranoid, scaredy-Cat mind when I meant something else entirely. I am talking about the fearful persona of GEJ and his fans, like you, that means you automatically start pointing fingers at others over issues that concern you alone and nobody else. Get it now olodo?

As for being a paid agent, what exactly is your pay packet? I may be tempted to change sides if what I have been hearing about the 'remuneration' of Okupe, Abati, Omokri et al is true. Who came up with the the idea to say the first lady is "resting" abroad? You? Would not surprise me at all. You'll be sacked soon anyway. You may have tenacity and lack shame, but you have no talent and are terrible at spin as we can see from your pathetic efforts on NL.

Sky Blue: We need a voice that will tell our stories with a bit more objectivity and local insight, not a channel that will 'project the good part of Africa to the outside world'. The media can be a good tool in the process of democracy, we need to drop this ego tripping. If I want to read about just nice things I can pick up a children's novel about unicorns and fairies having tea with the farm animals.

Gbawe: Like I said before, you GEJ fans are exactly like your messiah. Feudalistic, very insecure, divisive and unable to focus on what matters. GEJ is the President of Nigeria and not Tinubu. Deal with that. All you continue to show, when you talk, is that you are exactly like GEJ i.e fearful of everyone/everything and unable to concentrate on what matters. you guys, much like Mr. President, are obsessed and totally consumed with attacking fictitious "enemies" you see while awake and asleep. Childishly and distractingly, you blame these convenient "enemies" for all your problems, incompetence and lack of ability. Pathetic. Perhaps Tinubu is now GEJ's speech writer. Olodo. Abeg, turn and face your front.

torkaka: tinubu is not the president of nigeria and so therefore his actions or inactions will not cause embarrassment to the good people of nigeria.
the president is not just clueless but he is an outright embarrassment! if someone had sneaked this line "nigeria has developed nuclear weapons" into the speech, the m.oron would have read it.
this goes to prove one thing, everything that comes from the president's mouth shouldnt be taken with seriousness as the man himself has no idea what he is talking about!

Gbawe: Get lost. Submit your own opinion and leave others to do same. Stop this silly show of emotions that stems from your inability to accept criticism of your mediocre and failing messiah. Feudalistic olodos like you are always talking of Tinubu. Is he the President? Does he even have a Government job? It is no coincidence you fans of GEJ are like him. You are cut from the same cloth which leaves you focusing on enemies, percieved or real, instead of dealing with facts and what is relevant.

Gbawe: My Sister, some of us stated it here repeatedly that we were deploying a clueless and unprepared mediocrity to be President. We predicted all what is being seen now and the fact Nigeria would indeed became a joke under this guy. It is not for nothing standards exist in ambitious Nations, to now include our African neigbhours, no one should be allowed to go below.

You don't go and bring a self-confessed mediocrity, with absolutely zero history of inspired leadership despite decades in politics, to then expect miracles. It is not done elsewhere because Nations are now chosing not to gamble with transformational office. Even African Nations who shared our pitiful conditions in the past are moving on because they understand the fundamental importance of this concept and are now using it to secure progress. We remain happy to 'gamble' in Nigeria while pandering to sentiments, emotions, ethnic/religious bias and a superstitious belief in 'goodluck' . Balarabe Musa gets it right with what he says below about GEJ and the fact Nigeria cannot set the bar high. We settled on mediocrity only to be expecting miracles. God help Nigeria.

http://saharareporters.com/interview/balarabe-jonathan-confused-and-incompetent-news-magazine

omo alaro: The same Beaf or Reno Omokri that is fast becoming an embarrassment to his principal. Planting false information in news paper and turning around to use the same false information as "notorious fact".

taharqa: Oh SHUT yr mouth u ACN goon @Dayokanu. It was not a lie per say but a mistake that had to do the actual time period( 2011 vs 2001-2011) that was stated in d TI analysis, which the Presidency is admitting and clarifying- which takes a lot of courage. Compare with how yr master( Tinubu) Lied to the nation recently that the Democratic Party and even Obama specially invited him to the Democratic Convention as the ' Leader of the Opposition in Nigeria' when he actually bought the ticket himself as an ordinary guest; and worse was that his party (the ACN) ridiculously tried defending the lie, even here on NL led by yr leader on this forum Gbawe, instead of just doing the right yet hard thing- admit yr fault and move on. If you guys now want to hypocritically mastur.bate over this goof( which was swiftly admittd) plz go on, who cares really?

dayokanu: Jona you still wonder why they call you clueless Retardeen?

Retardeen and his entourage of jesters.

Where are the bootlickers defending the claims just few hours ago

Demdem: Morron, SR only published what a presidential spokesman released to the general public. SR is in line.
Above all, the president has admitted that not all what he said during his speech was true. I salute the retardeen for this. It takes courage to accept ones fault.
Bottom line - Nigeria not yet improving, corruption wise.

I have gone through the both articles thoroughly.

I was amongst the 1st persons that brought this article to this forum after I read it on BusinessDay
http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/44406-fgs-anti-corruption-initiative-impacts-nigerias-global-perception

I thought( and so did every person who commented on the article) that the article was a latest report by TI but even if it was, it apparently was not saying exactly what I nor any of the commenters were thinking: it seems that the article was talking about the period 2001-2011. I regret my own mistake.

It seems the president was also in similar fashion ill-advised; so except the Presidency have their own source( and if PremiumTimes is actually correct), they should swiftly admit the mistake and move forward. It happens. Obama is presently battling the 'lies' he was said to have said about what he knew about the people who carried out the Libyan Embassy attacks(its a hot topic in America presently and one that might bear on the elections though Romney himself is unchallenged in the kind and number of 'lies' and gaffs he apparently have told ) while Cameron is also battling the 'lies' he personally twitted some time ago about the the Russians agreeing to ditch the Syrians or even the recent supposed protection of close aids undergoing prosecution. Again it happens with people in power.

http://www.washingtonpost.com/blogs/right-turn/post/did-obama-lie-about-the-embassy-attacks/2012/09/27/2751f81e-083e-11e2-afff-d6c7f20a83bf_blog.html
http://www.moonofalabama.org/2012/06/cameron-obviously-lies-then-reuters-distributes-lie-as-news.html


Meanwhile, this slight indiscretion should not distract from the body of that speech including this part:

Even as we remain focused on the issue of security, the fight against the scourge of corruption is a top priority of our Administration. We are fighting corruption in all facets of our economy, and we are succeeding. We have put an end to several decades of endemic corruption associated with fertilizer and tractor procurement and distribution. We have exposed decades of scam in the management of pensions and fuel subsidy, and ensured that the culprits are being brought to book.


By the way, those people who have made it a point of duty to attack the person of the president in a really silly and naive move in order to undermine his presidency by scrutinizes every thing he does, says, feels, thinks( including those he didnt do, say etc) should know that they have failed just like your military arm( BOKO HARAM) is presently failing as shown by the pathetic plead of Abubakar Shakau yesterday:

While denying peace negotiation, the Boko Haram leader admitted that some of their members had been killed by security operatives.

“All I can confirm is that they are killing us rather than dialoguing with us,” he said.

It is only a matter of time , so mastur.bate away on this topic as much as you can

PS: The above is not directed at ordinary Nigerians whose complaints are only cos of their frustrations at not seeing the greatness that Nigeria deserves fast enough.

https://www.nairaland.com/1063016/jonathan-lied-independence-anniversary-broadcast#12389948

Rhea: [size=16pt]We can start an enlightenment campaign by taking pictures of these sore sights in our environment and uploading them here for the world to see.
In addition, I also suggest we take pictures of both the good and bad sights around us and upload them for posterity. Let us put the cameras in our phones to use. [/size]

kingoflag: Fond of me?!?!? Dude, are you ok?! Where the hell do we know each other from?

Anyways, like I said, your boy is a bloody crook and one whom my estimates say has stolen something in the region of $280+Billion. If you no like my calculation, na your wahala be that. His wife is chilling with her big, porky stomach in the luxurious suite of a German Hospital right now on an all expense paid trip financed by the impoverished nation of Nigeria; whatever debilitating illness afflicted her, she is expected to survive it.

Do you know how many people died all over Nigeria today just because the Hospitals and Staff are below standard, because there was no electricity, or because a bribe was requested before they could be treated?

My friend abeg, kick back and enjoy the bashing I give that illiterate crook. Funny thing is you never denied that hes a corrupt crook.......

kunlekunle: breaking news

JP MORGAN sued in America for defrauding investors (tues, 18:31)

naijs go buff your face

kingoflag: Ummm yeah, $280+.... U forgot the + by the way.

How much was in the treasury when he came in? How much was left 6 months later? Bros, how much do you think the subsidy scam has cost the Nation and how much do you think other scams that GEJ is running on the side is costing the country, or you want me to put Richard Branson on the phone? Theyve sold and bribed PHCN amongst one another; oh you think it was for free? Or you want us to talk of GEJ and Diezani and how they split Oil wells among their crew like its christmas candy? Oh, you think those Oil wells generate money on the scale of Okada business?! You guys dont know jack, by the time theyre done with you......

Tell me a little bit more about DANA Airways and how all charges agains them magically disappeared? Oh, you think it was for free? And please dont tell me that the decision to let Dana Airways off the hook was that of the Aviation Minister alone.

YES $280+Billion!!! Thats my estimate, and trust, thats a conservative estimate of how much financial damage GEJ has done to Nigeria. Maybe, I should even up it to like $1Zillion seeing how much of a crook GEJ has shown himself to be. So, you can take a brick and hit yourself in the head with it if youre mad at/dont "agree" with my figures, the onus is on you to prove that he hasnt stolen "that much", because if theres one thing I know we'll both agree on its that GEJ is super-corrupt. Or are you going to argue too that GEJ is not a crook? I mean, this is a guy that made Nigeria pay for his N1Billion Naira meals, N500Million Newspapers,N30million cutleries and even sort to renovate his semi-illietrate wife's office for $45Million!

So, yes, go on defending him and calling him the fanciest thing since Sliced Bread, and me, whenever I'm bored, I'll log on to my computer and remind the world (and people like you) the kind of slimeball that is presently in charge of Nigeria dragging her backwards ..... doing no kind of work while thinking development is the propaganda you spread in the mass media.