₦airaland Forum

Candyrain:
Hahahahaha... Management kai di. Chukwu bu kwanu eze. You are learning pretty fast and upholding the words from the holy book. But no grandma's backyard things, holy book never supported that

Why remove grandma backyard? You wan knock engine ? Constant changing of oil at backyard keeps your wheels rolling and your engine buzzing just fine

Candyrain:
This two love birds, you and Kenny987, you guys will soon derail this thread with your ......

How are you guys doing today?

Guy man, ole way? Walking in your footsteps Learnt from you to obey the holy book that opines that it is not good for the man to be alone

kenny987:
Iseeee!! K'odi ķa isi kwuo ya!

O di mma... Nodu mma ma jisikwa ike... Ka Chukwu gbaara m gi ume ma nye gi uburu na apu oku ...Amen

kenny987:
Nsogbu a diro. Eziokwu k'ikwuru. Mana o ga di zi echi maka na anam a gu akwukwo kita. K'am nebaraya anya...

O di mma... Otu ihe I ga eji nye m onyinye bu ihu na mmadu chi kere eke agafeghi gi maobu ka gi mma na akwukwo ahu I na agu...Obi ga abu m nnukwu anuri icelebrate gi ma I turu ugo mmeri bu okacha mma

kenny987:
A nom na nke ndi ocha na gu akwukwo

Wow...good to know...Dere m edemede gbasara onwe gi ma tinye ya as PM to munwa ...O diro mma anyi itosasi akpa na ogbo ahia

kaboninc:
He's still in wonderland...somewhere in Asgard.

I think same place with that Joseph guy.

Allow them. When they realised that there's no water in the desert, then they'll start drilling for crude oil.

Wow...how come we made same observation in TruthtoPower guy at same time And he has penchant for epistle writing like Gbawe ...its well sha

kenny987:
Education relates to Akwukwo mgbede anyi biko! O nya ka oji dim mkpa...lol. Onye na chomping okwu ara o na gba ha?

M nweta gi na sikii ehh Josie ike na amu Good to know...kedu obodo ino kita

kenny987:
Lol...I love education. Jisie ike biko...

hmm...what's it like there? maybe u mention me when there's something interesting there...how was your day? O nwere onye choro gi okwu?

TRUTHTOPOWER:
The first allusions I made were to illustrate economic principles with everyday people as opposed to the guinea pig models of NOI. Guinea pig because the programmes were mere experiments in which the thesis, hypothesis and conclusion were rigged to reflect impractible economic scenario.

YouWin and SURE-P were based on high oil revenue! what if revenue crashed as it turned out? Both rescue efforts were foredoomed.

I LOVE SURE P and YouWin. but to think that anyone who read economics up to school cert could base social safety net on treacherous oil market is for me the height of insincerity. Who dare toy with destinies like that?!

The beneficiary of YouWin are grateful because it is like a jackpot. they had no collateral or interest to pay. so if the programme crashed, too bad, but but no cause of action.

SURE P labourers were not so lucky. some of them are still owed salaries or allowances of over 6 months. all because their hope was based on oil selling at over 90 dollars per barrel. the agony of dissapointment could have been addressed if NOI answered a simple question: What if the basis of our program (oil revenue) crashed?

I sat with a DG of a relevant agency in the early days of the programmes and he wandered what youths who were used to monthly sure p stipends would do if the programme crashed. Alas everyone in the racket thought the programme will at least be sustainable until after election when it would be scraped for economic exigencies. But it was just not possible to do when oil was doing 50 dollars per barrel.

The 'praise worthy' China was only too happy to cash in on our economic misfortune. Lesson for those who esteemed China as a father Xmas. Your free market at their mercy and cheap raw material is worth more than they could ever give you as loan.That is business!

I do not expect craftsmen of the whimiscal SURE P strategy to know better. mind you I said SURE P goal was good but the strategy was a textbook shipwreck right from drawing board.

I could imagine if shareholders of a company were misguided by their directord s the way NOI misguided GEJ and Nigerians, the resulting AGM will be dispersed in blackmarias and ambulances.

So much for SURE P and YouWin.

Excess Crude Account. The only body authorized to approve spending from this common purse of both Federal and State government is National Economic Council. The Council never approved spending but in a feat of fiscal rascality over 2 billion dollars was siphoned from this account.

On this I give you the full quote that "Power corrupts power, absolute power corrupts absolutely, there is no worse heresy than the view that the office sanctifies the holder of it" that decision was sanctified because the C in C commanded it according to NOI.

Private jets for minister of petroleum. haba we celebrate what sane societies consider as infamy. let British PM or Sec of Energy in US or praiseworthy Chinese minister try that in their country. I tell you, it would be more tolerable for Anini if that were done by them.

My brother, before man and God, if these corrupt acts were isolated, to one or two places some of us wld give GEJ a second look. Even PMB will tell Tinubu to give GEJ a chance. But everywhere you turn, you are mocked by people who wander at the necessity of writing proposal when you could just take the money by shouting GEJ till 2019.

It was as bad as hapless job seekers being swindled on recruitment fee, soldieis not being properly paid an equipped, etc.

Oh thieves are everywhere. And so what? why can't there be "honour among thieves" (pls Google this. and if possible read up Jeffrey Archer for prosaic illustration)

In light of the above you should see that our anger is purely based on lack of respect for GEJ and from GEJ, the Office he Occupied and ultimately the people who gave him a popular mandate in 2011.

My faith therefore is that we now have a President who respects us, respects himself, and he his respected (or dreaded) by all public servants. A president who suffers no fool gladly. as a public servant under his control you can try flouting laid down rule a and regulations at your own peril.

I know there are people who voted for PMB based on religious and ethnic sentiments. Many GEJ supporters also did this. But for many of us it was purely a democratic transaction. majority Public servants had become enemies of progress PMB is famous for taking on these class of criminals. Naturally, if I want to make progress, PMB is my choice not the man under whom Things Fell Apart. Why Anyone should take this transaction personal is what I don't understand.

PMB Economic management. once there is discipline, progress will either come from public initiative or private endeavours. that is my faith.

Lots of sentiments and misinformation...Bored or too lazy to pick them on Folks like you either out of ignorance or sheer naivety arrogate power of invincibility to buhari...Enjoy it all if it gives the feel good effect

kenny987:
I dey...a nam e che mgbe i ji akpo class mgbede nu. What other region biko?

Sorry...network aren't smiling here...Akwukwo mgbede a dikwa gi mkpa nnukwu Nsogbu adiro, kam pichasia pencil mu ofuma tupu m kpobata gi na class Other sections outside politics I mean

kenny987:
Hey...what's good? Still on political matters eh?

Hei babe...xup? I'm not too good in the other region so I rather sit here and dig it Kedu latest?

Raymondenyi:
my brother oche; I have no doubt u are an astute, outspoken and eloquent man; ur writing prowess and thoughts no doubt further reaffirms that, denying this will be a grave injustice to not only you, but also the generality of Nairaland; but I have my deep concerns... I'm not against a constructive criticism of Mr. President, the APC or whoever you deem fit; but i'm against the premature and puerile criticism u throw at every goal; If u continue like this sooner ur criticisms will become a platitude an otiose, n u become tagged a "Bad blood", U become Just one of the " loquacious TALKATHIVES" and I wouldn't want that title befall u;

MY advice sir;
Their is time for everything (even the bible laid credence to this) the time for criticism of Mr. Buhari isn't rife now; I'll advice U to take a hold, pause for a while, take some breathe while watching balefully, when it's time, U will know, Nigerians alike, and ur thoughts so welcomed...


(just to add; I criticized jonathan and i'm still doing; but it was @ the very right time)...

See u @ d top sire!!!

Did you advice Buhari, APC and co about this before they assumed power who fought Jonathan from day1 in office and even celebrated boko haram, insulted our military and office of president

Did you advice other APC(CPC, ACN then) folks who celebrated anything against Nigeria under Jonathan?

Hypocrisy is a sin too...Ochejoseph will be daft to fall to such blackmail as yours and others who just discovered the word patriotism because its their own now

IbnSultaan:
Been a member of the opposition is like been a spectator in a Game, You get to See the flaws and strength of the Team but what you do to correct the flaws makea you a true Fan,A true patriot is a NIGERIAN first before been PDP/APC supporter, As such when you see Government flaws and all you do is WAIL without giving a suggestion on what you believe is the better strategy is wrong, Infact the truth is that so many of them dislike PMB cause he is a Northerner while others hate him cause their uncle who steals Govt funds to give them brown envilope is no longer doing So. I supported GEJ rise to President but when deviated from Governance, I withdrew my support for him, The ugly fact is that most NL opposition crew are not members of main Stream politics, All they do is wail on empty stomach while some few make money from it , Dear Bacarnista I have remain a friend of yours for Long but I wish to inform you that NL is not the place to guide Govt as claim to do, Join the main stream politics and be involve, I believe the dying PDP has space for you and your people, I joined the APC because i believe in its vision and mission for Nigeria,
I wish to salute PMB for bringing sanity to our political system and for recent victories in the ongoing COIN operations

Long live The Federal republic of Nigeria


Ibnsultan
E kãro my people

When you talk about unpatriotic folks...kindly look in the mirror... karma is real...live with it

Kenai:
- [size=13pt]"Losing index status is classic own goal," [/size] says Aberdeen

- Ashmore dumps debt as Africa's biggest economy deteriorates.

- Nigerian currency could face devaluation.



by Paul Wallace Emele Onu

As if being kicked out of one of the world’s biggest emerging-market bond indexes isn’t enough, Nigeria now faces the risk of its credit rating falling further into junk.
Standard & Poor’s, which rates Africa’s largest oil producer four levels below investment grade at B+ with a stable outlook, releases a review of its assessment on Sept. 18. A week later, it’s the turn of Fitch Ratings, which has Nigeria at BB-, one level above S&P, with a negative outlook.
Those decisions come on the heels of JPMorgan Chase & Co.’s announcement last week that Nigerian debt will be removed from its local-currency emerging-market indexes, tracked by more than $200 billion of funds. Adding to a loss of favor among investors is a delay by President Muhammadu Buhari in naming his cabinet since taking power in May as the continent’s biggest economy grapples to cope with oil prices below $50 a barrel and speculation that the currency will be devalued.

“There’s a very high risk of a downgrade,” Jan Dehn, head of research at Ashmore Group Plc, which sold all of its Nigerian Eurobonds and naira debt over the past year, said. “At the moment, I’m pretty far away from even considering buying anything Nigeria. It’s a deteriorating credit.”
The bond market is siding with Ashmore and Aberdeen Asset Management Plc, which also predicts a ratings cut. Yields on Nigerian dollar bonds have been trading higher than those of Kenya -- which has an economy almost a tenth of Nigeria’s size and is rated lower by Fitch -- since mid-August. When that last happened in March, S&P downgraded Nigeria and Fitch followed days later by lowering its outlook from stable.

“Fitch is the one people will be watching most closely,” Alan Cameron, an economist at Exotix Partners LLP in London, said by phone on Sept. 10. “The oil price has been low for a long time and people assume that’s at least a semi-permanent state of affairs, which will have a very significant impact on fiscal and external projections. It is difficult to argue that Nigeria should not be downgraded at this point.”
Central Bank of Nigeria Governor Godwin Emefiele has introduced several foreign-exchange restrictions since December to prevent dollars fleeing the economy amid an almost 60 percent drop over the past year in the price of oil, which accounts for 90 percent of exports and two-thirds of government revenue.
Record Low
Emefiele resorted to the measures as the naira weakened 20 percent to a record of 206.32 per dollar in the year through Feb. 12. While the restrictions helped to stabilize the currency at an average of 198.98 since its all-time low, foreign-exchange trading has dried up, contributing to JPMorgan’s decision to remove Nigeria’s bonds from its benchmark indexes.
“To lose the index status is a classic own goal,” Kevin Daly, a money manager at Aberdeen, who sold all his Nigerian sovereign debt last year, said by phone from London on Sept. 10. “They were trying to convince investors that they should remain in. The problem was that by squeezing the FX market and not allowing any locals to trade it, they just pushed investors to the sidelines. That forced JPMorgan’s hand.”

Fitch could lower Nigeria to B+, while S&P will wait to see Buhari’s cabinet and what economic policies he introduces, said Daly, who prefers Angolan and Gabon dollar securities because of their higher spreads. Buhari has pledged to name his ministers by the end of September. Calls to Femi Adesina, the president’s spokesman, and Ibrahim Mu’azu, a spokesman for the Abuja-based central bank, weren’t answered.
Yields on Nigeria’s $500 million of bonds due July 2023 rose 1 basis point to 8.03 percent as of 10:19 a.m. in London on Monday, having climbing to a record high of 8.54 percent on Aug. 24. Rates on Kenya’s $2 billion of debt maturing in June 2024 fell 2 basis points to 7.52 percent. An index of Nigerian dollar notes has lost 5.8 percent this quarter, compared with an average drop of 0.5 percent among 59 emerging markets tracked by Bloomberg.
Average naira-denominated government bond yields rose 7 basis points to 16 percent last week, the highest among 31 emerging markets tracked by Bloomberg.

“It’s markets are basically frozen domestically,” said Ashmore’s Dehn, who prefers Eurobonds issued by Ivory Coast and Kenya because their economies are better managed. “Monetary policy and access to the Nigerian market is being managed in a way that’s incomprehensible to investors. The Buhari administration has shown a remarkable lack of urgency. At a time of negative oil shocks, it is not confidence inspiring.”

http://www.bloomberg.com/news/articles/2015-09-14/rattled-by-jpmorgan-exit-nigerian-bonds-now-face-downgrade-risk

Cc. musicwriter, 4play, hinwazaka, kaboninc

sunnyb0b0:
So Buhari went into the meeting with an all Northern crew save the DG NIA

While leaving our sophisticated brothers outside as slaves;



Chino11, tonychristopher, whyhetruth.

Momodu should have captioned this; "Epistle of Sycophancy" ...Supposed elders become too childish in their pursuit for recognition and power...I don't blame them even buhari is sitting on the blood of innocents & cries of victims

kaboninc:
Hehehehehehe

Am coming oh....with my Bendel Insurance

Nah thunder go scatter that insurance ...carry am dey come

dearpreye:
Bro, reply my PM abeg!

Yes boss...let check now...good pm

kaboninc:
Are you now APC's Senator Shehu Sani who declared his wives and children as 'assets'? And probably the CCB allowed such nansense into its records?

Anyway, in other for me to diligent, faithfully and honestly carry out my function as to confirm that your babe, Sandydayz is original and a woman, a pretty one, I'd have to carry out some confirmatory test, physically, anatomical, emotional, including if she's romantic ati gbogbowon.........

Please permit meeee

If only buhari had made murder of perceived threats or enemies not to be crime...like he went scotfree after corpers were wasted because of him in 2011...,I would have used sango to dry up your blood ...Let me see if I can get a good babalawo who can do a neat job leaving NO traces whatsoever

Just come...am waiting... we will sign agreement when you get here...

Caseless:
at least, we have something in common . That was the best group to belong.

I am yet to get rid of this malady even now

kaboninc:
Mine or hers?


You want make I helep you confirm if ya babe na confirm? Na original and no be chinco?

I will put in hers for sake of dangerous guys like you...

To your question...Yes whether nah original and how much investment I should make therein

Caseless:
I belong to the crew that used our eyez to strip a female teacher unclad whenever she stands in front of us to teach.

Notwithstanding you're buharist I can relate to this your group 200%

Sandydayz:
Its not paint... I don't even know where am going Where am i going?

I see makeups as paints
And you gave me 5-20mins? smh... I don enter
Which among these three do you wanna come...Enugu, Lagos or Anambra?

Sandydayz:
Expect me in 5 no 20 minutes time... Gotta make up

Don't apply paint...I love it natural babe
Which bus stop do I pick you up from?

kaboninc:
Hahahaha...... You na my personal person.

I no go let you confuse and contradict yourself like PassingShot.......

Carry go...the babe body smooth pass third mainland bridge!

No allow my guy vex for you oooo...how much do you have to call out the billionaire


Abeg help me check this my babe nafdac number

Sandydayz:
Shy? Gotta be kidding me

Wow...then throw it all out here...

Sandydayz:
Should av hola.. Would've been there ryt away

Ouch !!!....but I don't think its too late...just rush down babe plzzz

Sandydayz:
U always

Wow...chop plenty kisses jare...

kaboninc henceforth come not close unless you have finished writing your will ...BTW I am gonna put magun for your kasablanca to avoid stories that touch

Sandydayz:
I'll reserve my comment

Kindly say what's in your mind? or are you shy?

Sandydayz:
Very well... How's ur day been so far?

Cool...though lonely

Sandydayz:
No confession Am faithful

Don't be ambiguous here...kindly be specific
Faithful to him or to me or to who

Sandydayz:
God go judge u

No come put me for wahala for God hand ooo...BTW nah him create every every nah including the urges and desires which we seek to satisfy