₦airaland Forum

WhiteTechnology:
Yes ooo


After sabotaging GEJ's effort , Buhari wants to steal the credit meant for Jonathan

WhiteTechnology:
You mean GEJ's light.

WhiteTechnology:
What good can come out of an ethnoreligious bigot like Buhari

LMAyedun:
Buhari should simply resign.

Ilekeh:
apku eater, this is the embodiment of fake.

Ojestas:
The Okoye twin brothers popularly known as p square has been taking to instagram lately to flaunt their recent acquisitions. . Recently, Paul shared some pictures from his new acquired house. Now, Jude Okoye, p square manager also took to instagram to share his testimony and announce his new house and car.


"New house, new whip.G63" , Jude wrote


http://instagram.com/p/7i03RSLP79/

oluomad:
We are in the Era of dictatorship! Am not surprised. #GejWeAreSorry

Adesiji77:
http://www.tribuneonlineng.com/tension-govs-sit-bailout lalasticlala

opiaoku:
Thunder fire your mama and papa there

lomprico:
Why spend so much time looking for "saints" to appoint as ministers? Why dint he just appoint those suggested by his party stalwarts on a guarantee that they will not be corrupt?

kenny987:
Your illiteracy knows no bounds and I can see the dunce hat resting proudly n comfortably on ur head...certainly not going to move at least until u learn to engage in civil discussions in a civilised fashion.

He may have extracted a commitment not to engage in illegal activities but that could have been issued and then investigation kicked off to ensure those guidelines are followed. Any subsequent ban will be based on complicity and none will come to tell Nigeria that the ban should be lifted cos there's no evidence against them.

This is not a family matter that u can work from answer to question and it will be put down to family dynamics. It is also not an emirate where the words of the emir are law!
Rather this is a national issue with legal implications! Outlook is also important! We are in global relations and businesses where u must be seen to be at the top of ur game at all times! Don't sit there and call ur people illiterate when u aren't any different. It's in you...

kenny987:
Was ds scenario not in place b4 d ban? Was it not clear that d ban would have 'adverse effects' in d first place? Why place d country in a precarious position then recant thereby looking absolutely confused? Normal ppl always seek for and strive to achieve a stronger position/upper hand and not deliberately box oneself into weak positions due to avoidable decisions.

A listening and analytical man will carry out due diligence first before issuing and implementing any decision so he can stand by it and defend it without being backed into a corner.

If they decide to sue Nigeria for loss of earnings caused by an unsubstantiated ban is that not more avoidable loss n stress?

Aufbauh:
For those who are uninformed, the reversal was necessary because of the adverse effects of the ban on our economy.
Any listening and analytical man will toll the line of PMB.
No matter how you look at the reversal, the welfare of the people should be the Supreme law.

CuckoldMaster:
Yoruba and incest. They rape and molest their own blood

Atmmachine:
They're rich.
They worked & grinded for their money.
This is the time to enjoy the fruit of their labor.

And houses are very costly in Atlanta.
If you hate on them, may you die in poverty. #Amen

PassingShot:
[b]This thread is of course a response to this https://www.nairaland.com/2590889/see-what-happening-nigerias-economy

For us to understand and appreciate what the new government has done or not done for the country, it’s very important to revisit the type of economy it inherited from the last regime as enumerated below:

1. The Nigerian economy operates a budget which is heavily skewed in favour of recurrent expenditure (about 90%) against capital expenses (about 10%) as represented by 2015 budget here http://www.punchng.com/news/jonathan-signs-n4-425tn-2015-budget/

Implication of this is that there will be no real development in the core areas that sustain and improve economic development.

2. Nigerian economy is largely dependent on crude export. Even the crude price has fallen below the benchmark price ($53 per barrel) on which the 2015 budget was based. Crude now sells at around $47 per barrel.

3. As at April 2015, the Federal Government of Nigeria had borrowed $4.4bn to pay salaries of its workers for March and April 2015. http://www.dailymail.co.uk/wires/afp/article-3070070/Nigeria-borrows-pay-salaries-cash-crunch-worsening.html

4. GEJ met the reserve at $47.7bn in 2010 but still managed to reduce it to $29.6bn despite that crude sold for an average of $100 per barrel (peaked at about $140/barrel). The country’s FR plays a huge role in giving confidence to foreign investors in Nigeria’s economy. The higher the value the higher the confidence in the economy and vice versa.
http://www.dailymail.co.uk/wires/afp/article-3070070/Nigeria-borrows-pay-salaries-cash-crunch-worsening.html[/b]

I could go on and on but these will suffice for now.
Now, let’s see OcheJoseph ‘s points one after the other:


Yes, Nigeria will be delisted from Bond Index of JP Morgan. However, it amounts to crass ignorance for any sane analyst to want to blame the government of the day. JP Morgan started the process of reviewing Nigeria’s continued participation in its bond index in January of this year given the fact that we had depleted our FR to an abysmal level while our currency continued to lose values.

For Nigeria to continue to participate in the BI, the conditions given by JP Morgan are very detrimental to our economy. Nigeria will have to devalue the Naira and possibly will exchange for about N350 to a dollar. This will drive up inflation which means cost of imports and even local goods will go up. Cost of doing business will shoot up and productivity will expectedly drop which will eventually lead to massive retrenchment by the companies.

So, should Nigeria have chosen to remain or accepted to be delisted? I wait for your answer.



What do we expect when the FG as at May 29 had not released a kobo towards capital development? The capital expenditure in the 2015 budget is paltry 10% of about N4.5tn and NOTHING had been released as at the exit of the last govt. So what miracle do we expect?




This is too cheap and very misleading. Job losses are a constant part of any economy and if it’s not as a result of a government’s policy or not on an industry-wide scale, you cannot put the blame on the government. Even in the link you provided, it was clearly stated that the layoff was not for any reason of threat or loss as quoted

“One thing that is clear is that Zenith Bank is not under any threat,” the source, who spoke with our reporter on condition of anonymity. “With the current crisis in the banking industry in the country, it is incumbent on any bank that wants to growth to bend backwards to re-strategize and restructure its operations to expand and grow.

Is the OP insinuating that there were no job losses during Jonathan’s regime? Or that every job loss was due to his mismanagement of the economy?




At some point during GEJ’s era, the naira exchanged at above N235 to a dollar. That it trades at N220 currently represents an overall gain from N235/N240. The CBN is on a mission to make it difficult if not impossible, for stolen dollars from our reserves to be easily exchanged or transferred abroad. Besides, the fact is that crude price has dropped and our over dependence on imported goods among others have naturally put pressure on the naira.


The headline reads “Nigerian economy slows in Q2” and not “Nigerian Economy Slumps”, Both are not same and don’t mean same thing.

The quarter 2 referred to represents April, May and June of 2015 and GEJ was in charge in April and May. Does it then make any sense to blame a presidency which was in charge of one month out of three months for the slow down in the growth?

Again, the fact is that the economy would have collapsed completely had GEJ managed to win the last election. The economy was already on a downward slide by the time we voted him out. So, for anyone to attempt to put economic woes that we may currently be experiencing on PMB/VPYO smacks of irresponsible partisanship.



What is the news here? Must Nigeria do business with China or any other country for that matter?
Nigeria will do business with anyone whose policy and business terms and conditions favour her. This is no rocket science.





The loss is as a result of JP Morgan’s delisting and it was definitely expected following the announcement. The loss is not Nigeria’s loss but investors. When investors have gained in the past, was the gain given or shared with the country?

As I said earlier, CBN/DMO/MOF and Nigeria as a whole has taken the right decision to stand up to JP Morgan’s manipulative tendencies. We cannot because of foreign or even local investors accept conditions that could bring the country to its knees.


If anyone needs to use their brain, it’s you and your co-travellers.

You lots preferred we continue with a failed president/government. You wanted us to continue with a regime that could not manage surplus and bounty harvest in times of scarcity. You wanted us to continue with a government which recognized stealing as the norm. You wanted us to continue with a government of wastes; a government that placed militants above law abiding citizens; a government that couldn’t guarantee security such that a portion of the country was in control of some rag tag terrorists.

Buhari ison a mission to stop the bleeding the economy was going through. He is on a mission to prevent a very bad situation from getting worse. He is on a mission to restore our lost glory, sanity, accountability and pride where STEALING WILL BE SEEN AS CORRUPTION.

May God continue to guide President Buhari & VP Osinbajo aright
May Nigerians prosper better under his selfless leadership

CC: Lalasticlala Seun Obinoscopy

kaboninc:
Buhari’s first 100 days - Opeyemi Agbaje

As President Muhammadu Buhari’s 100 days in office approached, a curious drama opened when Femi Adesina, the president’s special adviser on media and publicity, claimed after 75 days that Buhari’s party and not the president it was that promised a public declaration of his assets. The crisis in the National Assembly had purportedly been predicated on party supremacy, so Adesina’s point was not quite clear. What was clear was that the president seemed to have second thoughts about the matter! Within days of inauguration, Garba Shehu, the other presidential spokesman (by the way, does anyone know how Adesina and Shehu’s duties are demarcated?), tried to extricate Buhari from the promise by asking anyone interested in the declaration to make a Freedom of Information (FOI) request to the Code of Conduct Bureau (CCB). Shehu’s position was disingenuous because CCB’s position that it could not entertain such FOI requests until a specific law is enacted was well known.

Days to the anniversary, Shehu then wrote an article disclaiming two documents which underpinned expectations of public assets declaration – “One Hundred Things Buhari Will Do in 100 Days” and “My Covenant With Nigerians” – while APC spokesman, “omnipresent” and “omni-speaking” Lai Muhammed, suggested on TV that Buhari made no promises whatsoever to Nigerians! When protests hit the public space due to these shocking statements, Buhari’s strategists executed an about-turn as the president released a list of his possessions without ascribing value to the non-monetary assets. So the president owns houses in Abuja, Kano, Kaduna and Daura as well as plots of land in Kano and Port-Harcourt, but we have no idea of their value! He has 270 cows and a “variety” of “birds” also of unspecified value. When some newspapers reported Buhari’s worth as “less than N30 million” based only on cash in the bank, it was deliberate falsehood! In my most charitable assessment, the whole affair rises to the level of duplicity and deception![/b][/color]

The attempt to disclaim expectations from Buhari’s first 100 days was in any event misplaced – even if candidate Buhari and/or his party made no 100-day promises, citizens and analysts would still examine the president’s early performance; as they say, morning shows the day!

Meanwhile, having contradicted himself on the record multiple times, few intelligent people are likely to believe any statements made by Garba Shehu in the future!

Buhari appears to have made some good appointments – I think Ibe Kachikwu is a good fit at NNPC and has the right insights about reforming the corporation and the sector.[/color][/b] It is unfortunate that Buhari pre-empted him by arguing against fuel subsidy removal and privatization of refineries, probably prompting Kachikwu to toe the same line in relation to the refineries, but if Kachikwu comes to a similar conclusion on subsidies, at a time oil prices are below $50 per barrel, his credibility would be lost. The selection of Tunde Fowler to reform federal taxes is also a good choice as he helped turn Lagos into the country’s most effective tax state. The appointment of service chiefs has been well-received and the appointees appear to be credible professionals who can help resolve Nigeria’s critical security challenges.

I cannot say the same for controversial appointments at Department of State Security (DSS), Independent National Electoral Commission (INEC), Asset Management Corporation of Nigeria (AMCON) and Customs! The reservations about the constitutionality of some appointments (INEC and AMCON) are well-grounded and some (INEC and DSS) appear tainted with nepotism.[/color][/b]

Generally, Buhari appears to be re-validating his record as a regional chauvinist given the pattern of his appointments. Having constituted the apex of his administration, he has centralized power in the North; it is probably naïve to hope the perceived lopsidedness will be redressed in future appointments – you are unlikely to redress power imbalance at the top with inferior appointments! Appointment of ministers from the 36 states is a constitutional mandate and cannot redress imbalance in powerful discretional appointments. We recall that during his US visit, Buhari articulated a “97 percent and 5 percent” theory and noted that he had no choice regarding spread of some constitutional positions. It is strange to justify predominance of Northern appointments based on merit because such pattern is not replicated in the private sector, professions, corporate sector and academia!

I’m sure some will be surprised when I say that I am yet to observe any war against corruption! All I see thus far is a continuing media campaign against ex-President Jonathan and his team! When a war against corruption commences, a credible attorney-general will be appointed; prosecution of corrupt persons across the political spectrum will commence; and structural and strategic actions such as enactment of a Whistle Blower Protection Act and other intelligent actions to deal with, and prevent, corruption will be embarked upon. Unsubstantiated announcements by party spokesmen, governors and sundry persons about “one minister stole $6 billion”, “trillions of naira missing”, “billions of dollars were stolen”, “Chinese loan was diverted”, etc. are not evidence of a war against corruption. I hope government will soon commence effective steps to hold people accountable for past, present and future corruption; and assume what we are witnessing is perhaps “pre-war” mobilization of Nigerians for the anti-corruption war to come.[/color][/b]

Thankfully, a war against “Boko Haram” is now evident, but the terrorists have killed probably up to 1,000 Nigerians in Buhari’s first 100 days! I do not yet see any strategy beyond the conventional domestic and multinational military approach, whereas the conflict has again evolved requiring in addition a focus on an intelligence-led counter-insurgency strategy. I expect Buhari to suppress the military might of the terrorists within a short while, but government must penetrate and destroy the group and disable its ability to blow up people. Most critically, government must not allow Boko Haram migrate outside its current base.

[b]Buhari has ruled Nigeria for 100 days without a cabinet; in effect, a de facto sole administrator, and many states have followed his example. I do not think this development is positive for our democratic development. It has allowed Buhari to singularly decide all appointments; make policy (including deciding to start a national airline!) and, most critically, absence of a policy team and coherent policy direction has had severe economic costs in declining capital markets, pressure on currencies, slowdown of foreign investment and falling output. In the absence of fiscal and economic policy, CBN has become sole theatre of policy formulation executing trade, industrial and broad economic policy. Nigeria’s GDP growth rate is declining precipitously and jobs figures are getting worse, not better! It seems clear that cabinet constitution was delayed simply to outwit other factions in the ruling APC in favour of the president’s core. Nigeria has paid a high economic cost for political subterfuge. I support the fiscal stimulus represented by the “bail-out” of the states given the state of the economy and in the interest of workers whose salaries had not been paid for several months, but it may have been useful if the fiscal reprieve came with some “conditionalities” to prevent recurrence in future! I support the Treasury Single Account as a public financial management tool, but no one is calibrating implementation to prevent dangers to financial sector stability, or measuring the implication for monetary policy.[/b]

My sense is that in the first 100 days, President Buhari has missed several opportunities – an opportunity to leverage massive domestic and international goodwill into economic advantages through policy reforms and massive FDI; while coherent policy remains lacking, a de facto trend towards regressive, government-controlled, neo-nationalist economic policy is emerging; an opportunity to become a national leader and unifier rather than provincial champion is been spurned and Buhari is receding into usual regional patterns; he visited the US without a cabinet (instead with Governors Okorocha, Oshiomhole and Al-Makura) and without policy except for help to recover an inchoate $150 billion loot. It is possible to reclaim these missed opportunities in the weeks and months to come.


Opeyemi Agbaje

http://businessdayonline.com/2015/09/buharis-first-100-days/

vicadex07:
Booking space, lying await to pounce on anyone that comes here to spew trash about Yoruba.

lekjons:
I think;
1. Electricity must have been stable in Nigeria(i don't pray we should not have it before then though!)
2. Nigeria must have had security cameras everywhere in the country
3. Ladies must have be asking guys out publicly, boast about escapades, etc...
4. Some popular politicians would have died *i kuku no mention any name*
5. We must be have had made in Nigeria phones, laptops, airplane(though i won't travel by it though! ), cars etc...
6. EmptyHen must have returned to SA(in Jesus name)

vicadex07:
Over 2 million igbos living there are the ones that are going to die. They are the ones dragging out the progress of ibadan because pre colonial and pre independence era before the influx of the Igbos, Ibadan was the largest and most developed city in Nigeria.

Go figure

aresa:
All Soul’s Church, Bodija


https://www.ibadandiocese.com/wp-content/uploads/2013/12/All-Souls.jpg

Essential:
you are a very big liar. Nigeria survive th civil war without the igbo. While you the igbos where dying of hunger. Imagine if u have not surrounder and beg forgiveness. Now igbo and their biafra will look like those sudanese that one can easily count their bones and ribs. Already some of you where into carnnibal and eating ur family members.

echo2:
Smh for Igbo

willian10:
Lol, d guy don high on weed, i no see hin comment i for quote ham, Yoruba dominates almost everything in dz naija
Best University South West
1st University South West
1st Nobel prize winner : South West
He's talking about P square, Wale Folarin go buy all d Igbo musician
Believe it or not, Igbo pple are d minority in Nigeria
B4 dem go win Presidential election, e go reach 3040
They'll name Otedola n Adenuga b4 any other Igbo personnel

dulux07:
Dey dciv urself, capital ko, tantical. Psquare na 2pple..their money no rich dbanj money..we dey talk forte, obj, tinubu.. u dey mention capital..mtcheeew.
Yoruba dominate dear..most succesful artists, richest individual, most literate, richest state, most succesful movie tribe, presidency, best universities, most influential even d richest pastors sef . D list is endless

ERODEDEAST:
Dem go soon fight

after1:
Same Hardworking people that own 98% of Lagos, Abuja, Kano, South Africa, Malaysia and Singapore

iliyande:
http://www.vanguardngr.com/2015/09/igp-orders-nationwide-arrest-of-persons-inciting-violence/

Firefire:
[s]testing testing... hello 1, 2

Even in retirement, Nigerians will be grateful to you, Dr. Goodluck Ebele Azikiwe Jonathan.

We know you could not have survived the conspiracy against you. It was too strong with international colorations.

We also know your enemies are professionals in the field of both "Civilian Coup" and "military coup d'état"

The power owners have already written the script, but too late for you to know.

As much as we see your action(s) as genuine towards a better Nigeria, you waited too long to see the evil handwritings on the walls.

Never mind, you played your part, Nigerians are happy for you sir.

You averted the promised "dog and baboon will be soaked in blood" we thank you.

The promised of forming a parallel government and making Nigeria a failed state was also averted by your love for your country.

"Sometimes I get worried and embarrassed when I hear provocative statements that come from very senior citizens; people that ordinarily will be perceived as senior citizens, who ordinarily should know that the unity of this country is more important than the interests of any individual or a group of individuals. And that the peace of Nigeria is more important than any interest of individuals or group of individuals. Some people even encourage young people to take arms and fight themselves". - GEJ

...My Ambition Is Not Worth The Blood Of Any Nigerian... GEJ

You also played your part to make Nigeria one of the BEST democracy in Africa.

Thou I am not from the same region with you, but I love your simplicity.

Your leadership style might not be the best, but you are a great leader who love his followers and his country.

Please continue to enjoy your retirement.

You are our hero.

Signed on Behalf of your admirers WORLDWIDE.
Firefire!

not4sure:
http://www.premiumtimesng.com/news/top-news/189691-nigerian-troops-nab-boko-harams-major-drugs-logistics-suppliers-army.html

badassProdigy:
It’s quite surprising that some of our Nigerian entertainment industry
superstars share a striking resemblance with certain American
celebrities and many people are yet to catch on to this...

Here are 9 celebrities who could pass for siblings of some
of America’s biggest names:

http://stargist.com/lists/photos-9-nigerian-celebrities-and-the-american-stars-they-resemble-no-1-is-unbelievable/