₦airaland Forum

omonnakoda:
It is not as simple as that very little of what went into the original Coca Cola came from the US

Coltan is a component of virtually every mobile phone and much of the world supply comes from Congo .It does not enrich them........

The technical know-how is what we need to be up there....have you ever imagined what Cadbury (UK) and Nestle (Switzerland) make from Africa alone every month (billions of dollars) yet the major components (cocoa powder) of these International Products are found in Africa (especially Ghana, Congo and Nigeria). Imagine if we have the technical know-how and a Nigerian is behind Nestle (our own brand). Leadership remains the bane of Africa's development.

omonnakoda:
Well you are quite right I think the thing is how to monetize it.In a way that is what those agbo sellers are doing but they need to polish their act

My brother this Country is too loaded to dey suffer like this....it is a fact that about 8 million tourists visit top Medical Destinations of the World every year for medical reasons....Nigerian government only need little money to harness this great potentials and hey presto! we are up there selling our medicinal potentials as one of the World Medical Destinations.

omonnakoda:
Are you knowledgeable on medicinal plants?

Not really but as a trained environmentalist who studies the environment I know Nigeria is home to some exotic plants (in Edo, Cross Rivers, Ondo State, Taraba etc) that are generally believed have medicinal values against cancer, diabetes, hemorrhage etc

omonnakoda:
This is simply not true. When you borrow to fund your budget you cannot say that the borrowed part was used for was used to fund infrastructure and the non-borrowed part was used for salaries that is not credible.How much does the US use to fight wars every year?

The truth is this

https://en.wikipedia.org/wiki/United_States_federal_budget#/media/File:U.S._Federal_Spending_-_FY_2011.png

65% of the US federal budget goes on Health Defence and Social Security. Social Security accounting for about 25 % and the same for health. There is very little government owned infrastructure in terms of Hospitals in the US so we can assume that money goes on wages,drugs and consumables.

The truth is the US borrows to consume so they are not the right role model for us to follow

Absolutely fantastic analysis you got up there....capitalism entrenched in a Presidential System can never rescue a developing nation like Nigeria from the woods, the earlier we realised this the better for us. Economic blueprints of countries like; Thailand, South Korea, Malaysia, Singapore, Hong Kong are all what Nigeria needs to survive. With the myriads of exotic plants (that have medicinal values) surrounding us as a nation I see no reason why Nigeria cannot be a Medical Tourism Destination per excellence just like Malaysia and Thailand. Too many resources but terrible leaders.

jahsharon:
Lets see how long Saraki will last.

Last? March 10 the dude is forgotten in the dustbin of history as a once-upon-a-time Senate President.

Achuwa1:
The earlier u ppl accept the fact tht bukola saraki remains the senate president of the federal republic of nigeria atm,the better for you all so tht u dont have heart attack over a spilt milk,,,
do u have any evidence tht saraki doctored or padded the budget,,if u do then icpc is there for u to table ur complain & stop ranting on NL

I am sorry you seems not to know the antecedents of Bukola Saraki.....perhaps you can contact Fire fire (a fellow forumite) for more education.

Saraki ouster is a done deal no doubt. Marafa raised some valid points there only a corrupt-minded soul will take sides with Saraki.

ubecharles:
. Why are very poor countries like Zambia, Malawi, gambia, Ghana etc without a drop of oil to export have favourable exchange rate with the dollar and even superior to the naira

Most of these Countries you mentioned hardly borrow above their means so their currency is somewhat stable.....unlike we, we borrow heavily and yet not a producing economy.

Gboliwe:
APC didn't even make top three. Lol

Just to prove to you dear that if no be d fucck up of Wada in Kogi the late Abubakar Audu no get chance to win that State. Edo State is already cooked and ready to be eaten by PDP Oshiomole go hear am soon. How u dey, its been ages babe...

Chief Ifeanyi Ubah how do you intend to achieve that? Our balance of trade is negative, global oil price has fallen, we are a consuming economy, we run an expensive system of government that bites hard on capital expenditure but caress recurrent expenditure, our FX is below $30 billion, and many indices aiding the free fall of Naira. So Sir, how do you intend to achieve that?

Wao Abok! Na Abok! at any given time what a waste of time and effort .....flying thousand of miles on taxpayer monies on a futile effort....for crying out loud Bubu should take his sneaky eyes off this oil ish and look at how Nigeria myriad of resources can be turned to worthy International Products

Wishful thinking will not suffice, Nigeria needs brazen economic blueprints like the Asian Tigers to bail herself out. Praying to God and doing vigils are not enough.

emenas:
i stand against naira devaluation.

It has two faces and the worst thing about it is that the negative part far outweighs its positive side because of Nigeria's economic stratagem.

@ Op, Your expository and detailed explanations on the devaluation of the Naira and the ripple effects were excellent. However, you must realize that Nigeria is still in the woods of a consuming economy rather than adorning herself with the toga of a producing economy if Nigeria will have to bail herself out of her current economic challenge then this Government need to go study the Economic Blueprint of the Asian Tigers. Just two International Products are enough to bail Nigeria out in the next 10 years......this Naira depreciating value may be the yardstick for scoring Buhari on the long run but I am afraid he is not balling. Power sector should be the top priority before we can preach 'buy Nigeria to save Nigeria'. Power sector must be fixed to optimal level (at least 10,000 mega watts) within the next 12 months before meaningful platform can be established for a producing economy to berth. Singapore, Hong Kong, Taiwan and South Korea were once like us in the 60s but today by strong-willed determination unfazed by Western Policies and Interventions (I call it WPI) they are called 'developed nations of the world'. Nigeria still has a long way to go....

modelmike7:
One of the few good men to ever live in Nigeria. Keep Resting in Peace the Brave General.

You definitely knew diddlysquat about Nigeria political history especially about the man you referred to as a good man. Read and learn my friend......he was a terrible soldier with a rudderless ambition

Where is Lalasticlala when you need him sef this thread don't reach 1 and half days old and Lala is dulling....

Ezenwammadu:
Marafa should shut up that budget is a budget of yams and corruption

Eze, me I still believe there is more to that budget than meet the eye.....just watch out.

2boiz:
He go soon hear am

In a nutshell, Saraki will soon understand the intricacy of Nigeria politics. He is indeed a learner......the rule says, do not outshine the MASTER!

Spokesperson for the Senate Unity Forum, Senator Kabir Marafa, on Sunday, demanded the immediate suspension of Senate President, Bukola Saraki, for allegedly creating controversies around the 2016 budget in order to blackmail President Muhammadu Buhari.

Marafa, who is also the Chairman, Senate Committee on National Identity and National Population, told a group of select journalists in Abuja that, Saraki and his loyalists in the red chamber, were condemning the budget to protest his ongoing trial at the Code of Conduct Tribunal.

He added that the budget controversies in very logical ways, could be linked to the pending trial of Saraki at the CCT.



The senate president according to him, through the aid of fifth columnists, has been shouting at different times that the budget was missing, doctored, or padded, hence can no longer be passed as earlier planned.

He said,  “Honestly speaking if am to comment on the controversy that has been trailing the 2016 budget in the Senate,  I will say it is all the work of the fifth columnists there.

“We woke up one day and the senate president just came and said there is no budget, that the budget is stolen embarrassing everybody, but the following day the Speaker said his own was not stolen.

“Next, they said the budget is doctored, next they said the budget is padded, next they said there are discrepancies all over the place we knew how they came into the leadership of the National Assembly or the Senate.

“Was it a coincidence that the issue of padding and everything just came up after the supreme court said go and face your trial ?

“Suddenly we started hearing that we cannot pass the budget as we promised because there are discrepancies and so on and so forth.

“In a nutshell, all the noise about the budget are all about this issue of corruption trial or CCT trial that is all, no more no less.”

http://www.punchng.com/cct-trial-saraki-blackmailing-buhari-budget-controversies-marafa/

shala01:
There is nothing like subsidy yet buhari was paying even up till Novermber!! buhari's supporters are zombi they say!!! A very correct statement

That clown is HIGH just fashy am jare people like him are hellbent to defend Buhari to his grave. Zombie is what we call their types

tiger28:
NO MATTER WHAT IS GOING ON TO DAY. ...it will take a complete fool that is blinded by ethnic colorations to say Jonathan didn't have to go. In spite of all these humongous revelations? Jonathan should NEVER be near ANY seat of power again in his lifetime. It will take years for Nigeria to recover from Jonathan's mess will all these misappropriations from every corner.

Please kindly elaborate on your observations. While at it you may wanna read this up: http://www.africanews.com/2016/02/20/nigeria-government-will-not-remove-oil-subsidy-in-2016-minister/

GudPpleG8Nation:
Stupidly, some illiterates and blind folded people of this nations are blaming the present government for the economic downfall in the country, increase in price of goods, increase in exchange rate, out burst of diseases. Let me ask you, when last did u listen to news or watch your television? Also, do you know the initial state of the economy and finance of this country in the past administration? Let me clear you now, the excess loot in the past administration, the influx of dollars for campaign and other atrocities, our urge for foreign goods, importation dependence are the cause of this nightmare we are experiencing. If they had done the right thing, Nigeria is suppose to be the center of attraction for other countries and continents. But, greediness is the order of the day for our politicians. Some mind blinded eastern niggas and clamoring for a state which will never exist instead of them to castigate their own ethnic leaders of their attitude and crave for excess and illegal wealth. For this country to be good and better for both of us, the man at the helm of affairs is working earnestly to recover looted funds just as we see everyday and listen to. Imagine, the extent of corruption made our immediate past leaders to store money in the soak away pit, store money in the ceiling, pack our money abroad to develop other countries, spent dollars and other hard currencies for campaign by spraying it around. This is an eye sore..‪#‎may‬ God help Buhari to bring sanity to all the arms of government. Its prayers we should be praying for a selfless leader in the hot seat now. If you which to blame anybody for the downfall of our economy today, blame your past leaders....2016, Nigeria will regain her integrity by Gods grace and we shall enjoy the good of the land. Amen..
God bless Nigeria

Modify
Make sure you understand this post before commenting.If you drop hate ,tribal and political comment that means you're exactly what you called PMB. Constructive augment is allowed .

Shame no gree make you use your real moniker sef except for this mumu one you just created...... I am sure this Op is one of those notorious Sai Buhari chanters here .....best ko, breast in

Like the Wise would say, "to marry once is a duty, twice is a folly but thrice is pure madness",this is her mistake. I still wish her a happy married life.

Lai Mohammed be like.....

I found this on my FB page and I feel like sharing to the young minds here. But why are ladies/girls like this and yet guys easily forgive them when they should be reprimanded.

ozoigbondu:
The old fool is probably somewhere looking for how to blamed GEJ for bubu incompetency

You can say that again......you wondered how he had gone quiet like the dead when he is actually alive and kicking. Moral of the lesson: be careful what you wished Goodluck Ebele Jonathan!

He was more like the mouthpiece of Buhari before the elections. He blasted the hell out of Jonathan for no just cause. He sees Buhari as his Lord and Saviour like many APC followers here. He was the one who said, there is nothing like oil subsidy that its all fraud. The icing on the cake was when he confidently said this...........loading........