₦airaland Forum

Juliusmalema:
Stop Useless comparison this boy.

Igbos are not in league with anybody.

Stop being cynical. You're always fond of throwing ethnic banters around and claiming not to be an enthic bigot. You've been noticed

Tribal bigots in the building food is ready. Start shouting 'Igbo Amaka'

Nels55:
Some yourbas are not happy with this judgement, lol...

I'm igbo. But to be sincere with you, you need psychiatric evaluation... What has yoruba got to do with this news?!

AFONJAPIG:
Very soon Naira will be as useless as Venezuela money, it will littered the street of Yoruba land even some of them will not afford toilet tissue papers after eating watering beans and ewedu, they will be left with no other option than to be using it as baby diapers and bum bum wipers... Ndi Ara

Why are you such a terrible tribalist, you're increasingly getting psychotic. Do you have nightmares about the yoruba people?
You need help, you need psychiatric evaluation. Take the advice from me as an igbo guy...

I just hope Obaseki wins the election, Oshiomole will effectively be declared null and void

NGpatriot:
1. Governments are supposed to invest in their people, their people, invest in capital projects and infrastructures to create jobs, expand the tax base and to give the people a better quality of life, not to deny the people good use of their money by parking their money in bank accounts for measly gains.


2. You make more money by investing in income-generating infrastructures than low return and non-job-creating money market investment.s that doesn't expand your tax and income-generating base and definitely not job-creating.

3. Money should be floating and recycling within your economy, not parked away somewhere for silly and thoughtless reasons.

The money is not his personal money, it's the people's money.

Who told you Anambra State Government don't invest in their people? Have you reading the NBS statistics of late? Anambra is one of the least poverty afflicted states in Nigeria only second to Osun.

Secondly, if you understand how investment works,you'll know Obi's foresight in opening a dollar denominated portfolio on behalf of the Anambra State Government is an asset to Ndi Anambra, you know why? Because the asset is an income stream that accrues daily as interest to ANSG. During the acute recession in 2015 when State were unable to pay the wages and running to the FG for Bail-out, how do you think ANSG was able to manage their wages, ite simple. Obaino withdrew the interest rate on the dollar denominated portfolio account that has accrued over a month to match it with the little that came from allocation, that's why Anambra wasn't really affected by the crisis.

Thirdly, money will always be floating and recycling in the economy so long as the people of Anambra are always involved in buying and selling of goods and services . Mind you, Obi didn't take the entire revenue of Anambra to store in a portfolio account, that would be tantamount to acute stupidity, he only set aside a minute percentage probably 5% of the revenue for savings and investments which every responsible government around the world does..

it really shocking that many people are confused on the difference between savings and investment. A state governor thought it wise to open a portfolio account on behalf of Anambra State and set aside a percentage of their yearly budgets that will be put into the portfolio account for investment. A portfolio account is clearly an account that is used to buy investible assets like Bonds, Treasury bills, and other assets which will be managed by an asset manger on behalf of the investors(Anambra State Government).
Peter Obi thought it wise for save for future generations by investing in dollar denominated treasury bills and bonds that will hedge against the failing naira and yield fantastic interest for the later generations of Ndi Anambra to use when there's a major crisis in the future and some people in this group have the effrontery to say Peter Obi took an unwise decisions.
Saner countries like Norway, UAE and Luxembourg set aside a percentage of their budget and put the funds in a Sovereign Wealth Funds that will later be invested in quality assets and values around world and back home in our country even our government thought it wise to enact the Excess Crude Account (ECA) funds to save up a certain amount of our yearly revenue for investment but someone in Anambra State as far back as 2011 started saving a portion of their revenue for investment and some people said it was unwise of him?? . Some people are clearly stupid if they don't realize that Peter Obi took one of the best decision for Anambra by doing just that. he's a legend!!!

NGpatriot:
So, instead of investing or building infrastructures to develop, to create jobs and give his people a better quality of life, the clueless man let the money redundant and unproductive in a bank instead of putting the money to good use to serve the people.

What is wrong with you people in that part of the country?

are you chronically stupid or what? that money wasn't just dumb in a bank account for the bank to be reaping interest. A portfolio account was opened on behalf of the Anambra State Government and it was used to buy foreign assets like US bonds and treasury bills. do you know what that means? it means for very day that passes by Anambra State Portfolio account will accrue a daily percent interest rate in dollars till it reaches maturity. it's very clear you don't know how investments works.
I suggest you meet companies like ARM, Aiico and Meristem to put you through on the important of investments.

Eternal rest grant unto her oh God and let your eternal light shine upon her

Tap0lane:
Are we talking about this Peter Obi or another jew ?!

A non-entity politician like Victor Umeh alleged that Peter Obi left a anambra in substantial but whereas DMO debt management organizations has published statistics indicating Anambra was one of the least indebted state,
Now ask yourself truthfully, which should I believe, DMO or Umeh??

I am very much surprised to read how people are condemning Obi for leaving investible assets on behalf of the state.
In countries like Norway, UAE, do you know how much they set aside from their budgets to be invested for future generation purposes? No State Government since 1999 has ever left their government on credit by the end of their tenure. It's always been debt after debt with little to show for the huge amount they borrowed.
It is very pathetic that people are chiding for Obi, did Obi tell you that he didn't invest in infrastructure while he was in government. I know for a fact that he really invested in education. Peter Obi is the politician I know since 1999 that has not been investigated by any anti-graft agencies both within and without.
Anyway I have come to the conclusion that Nigerians as a people are the main architect of their own problems, we'll continue to remain the laughing stock of the continent.
No wonder South African nairalanders like TMKsouth and Irongalaxy will alway take a swipe at our foolishness and how we play primitive politics..

obailala:
Typical black man consumer consumer consumer mentality. Consume it all, and then when a famine comes, you run to oyibos to beg for aid.

Meanwhile, did you just say N75bn can build a pipeline from Imo to Anambra and also build a 1000mw power plant?... You must really be referring to PVC pipe and I-pass-my-neighbour generators.

That guy you quoted is chronic fool. He said 75billon naira could build 1000mega watts and gas pipeline, if that's the case, why hasn't Lagos State constructed series of 1000mega watts power plants

techmo:




Isnt it absolute stupidity for a state with so much unemployment, zero power supply, and absolutely no infrastructure, to ware house 75 billion in a cormercial bank like diamond bank.. while bankers wont even borrow the money out to Anambra indegene but to the likes of Dangote and Rabiu of Biu groups

75billion would construct a gas pipeline from Imo gas flaring fields, build a 1000 Megawatt Thermal/gas turbine power station and give Anambra 24/7 electricity with enough to sell to other state while their industries drastically develop

.

Who told you there's high unemployment in Anambra State, go and check the NBS statistics since 2015, Anambra has one of the least poverty prevalence ratio in Nigeria...

Any chest-beating topic in front page. When are we ever gonna learn to remain humble in our achievements. Always boastful... Tufiakwa!!

It's a good thing they are adopting a similar style to how Roman Catholics handle the issues of secession to the Seat of the Bassilica.
Enthroned by Conclave (election) and not selection

Jesus!! this people can lie!!

Stan2330:
oga they have closed down those companies o

E pain me no be small

you don't mean it?? . Chai!! it's unfortunate. I really liked CTL back then when i was in Aba. They were pocket friendly...

That TSTV has been fraudulent right from the first start, trying to tap an exclusive sport content from the Arab nation and streaming it live to the Nigerian viewers when you were aware that it's only DSTV through "Supersport" that got the exclusive right to air thier sport channel to sub-saharan African. Instead of them the code thier fraudulent act, they started making undue noise up and down.
If you go to places like Aba, Onitsha and Portharcourt, they are companies that stream live sport contents from the arab nations to thier viewers here and those viewers pay a fee for that. This has been ongoing for years without much noise because they know it's illegal to tap an channel that's got exclusive rights.
Anyway, the manger no get sense. DSTV kon use am chop better money for lawsuit...

Eternal rest grant unto him oh lord and let your eternal light shine upon him

Sanromeo:
Aketi's performance has nothing to do with Igbo woman.

What about the Kerosene Governor and other Governors from the East that married Igbo women but their achievements are not upto half of the achievements of Aketi?

Please don't quote that again, he's a complete tribal fool. A liability even to his own people

Ooni:
I know Ibos are the only genuine businessmen in Nigeria.

Otedola once ceased to be a billionaire because naira fell following recession.

our brother Obj once told our sister folorunsho alakija "I made you a billionaire' which means she became a billionaire by govt favour not hardworking.

Adenuga our brother is also an IBB front

Dangote enjoys monopoly

Ibos are doing it alone almost dominating every sector through hardwork. They're gifted and must be given credit for that.

Always gloating about igbo success like we are only enthic group in Nigeria. What the Bleep is wrong with you people with having narrcassitic behaviours??

Long overdue. We spend too much to bury the dead

My fellow igbo brothers and sisters, you see what you've caused for yourselves? I kept on begging you to stop playing politics with sentiments and bitterness, yet my advice fell on deaf ears.
I beg you folks to stop listening to that fraud, Nnamdi Kanu, he's full of hate for other enthic groups and he'll draw us back politically. But mbanu!! You people termed me 'Afonja' hausa apologist and other derogatory names.
Now look at, the worst I've feared for my people have finally come. We are no longer a force to reckon with politically, all our efforts since 1999 to rebuild our relevance has finally gone to waste.
Okorocha might have been a terrible administrator in Imo State but he sure understood Nigerian politics and how to play it and was fighting for us to stay revelant in main stream politics, but alas! We dismissed him as 'Hausa Apologist' aka 'Okorohausa', same thing with Joe Igbokwe and Ohanaeze N'igbo.
We need to learn to building political bridges not by abusing other enthic groups like we do here on nairaland and other foras but by seeking strategic alliance and remaining humble even in our achievements.
I know some people we call me 'Yoruba Apologist' or 'Ofenmanu' but I said my own, it's not too late to retrace our steps. A word is enough for the wise

This was already an existing project that was being upgraded by Julius Berger. Upgrade of trail tracks began in 2013. Anyway thanks to Buhari for continuation.

TMKsouth:
Someone like who? Without SA u'd still be shopping in open-air markets my brother. Who else is building you malls with world-class shopping brands?

You would still not have satellite TV. No other country is coming to challenge multichoice

Your insurance market is still untapped coz no-one else is interested - Nigeria wasn't established today. Your insurance market has always been there and yet remains underdeveloped.

All other countries want from you is just oil dude, so please excusè moi!

Do you know how many local indigenous brands are already setting up shopping malls? I can agree shoprite set the pace but the locals are gradually filling the void
As for DSTv, they're other brands in the market like Startimes, ACTV, etc. The only reason DSTv still takes the lead because of its fraudulently acquired exclusive rights to some premium channels like Supersport, Mnet and others.
Don't delude yourself, if SA wasn't here, we'd still do that all the same. You're SA investors are always thanking their stars everyday for making a wise decision of setting up in Nigeria, their profit margins are fantastic and you know that
Peace out!!!

TMKsouth:
What would Nigeria be without SA investment?

Oh well... time to raise tariffs!

Try to be stupid this early morning, you this SA dude. And besides the pays the Sanlam more to invest in Nigeria because they know the insurance market is huge and largely untapped. If they don't invest, someone else will. we no send una

[quote author= post=90128969]When Abeokuta is like this what do you expect from their villages


https://www.youtube.com/watch?v=XnDCVOaIX4I[/quote]Don’t be stupid, having 'brown roofs' doesn't mean underdevelopment. It only shows that they were already experiencing a ressainance during their time. Even the fine roofs we have in our regions are these times will be a relic and considered old in 100 years times.
So quit this tribalistic post

Adaibeku:
Tell Dem to show u ibadan ,dey will show u state government houses n otunba adedibu d former governor's house from loots , just to avoid showing u brownroofs,
...Lagos is great ,Lagos is great ...but na igbomen build d biggest n pretty structures dey

Please stop this nonsense tribalistic talk. It's making you look ignorant. Who told you. It's only Igbo people have structures in Lagos, are you that myopic? Why are you causing troubles for we that are in Lagos??

GODPUNISHALABI:
we don’t have problem with Hausa it’s only Afonja that have been attacking innoson right from day 1 .....due to envy

hope you were that even the said 'Afonja' like ekiti and Oyo State are purchasing his vehicles. you tribalists are really a bunch of liabilities and a nobody even to your own people. Even INNOSON will not give you one naira for supporting him tribalistically.
Just recently he awarded a "Yoruba" for redesigning his logo... that to show you real business people don't have time for enthic jiogisim

jrusky:
Im still studying what the hell is going on with this AfDB issue because I still dont understand why is US now playing police, boss and judgement on Africa Development bank?

Can any Africa country demand for probe into European Union Central Bank affairs? Or can EU demand probe into how America runs their treasury or viice versa

Demark, Sweden, France etc that said it is US right to probe what belong to Africa are they mad or what This is an insult and a slap to Africa as a nation.

Enough is Enough of all these nonsense.

I'm not justifying what the secretary of US treasury is doing. You must know that they're a significant shareholder in AfDB, hence why that seem to be calling the shots

The African Union must take a stand against undue interference. Obsanjo is right Even if Adesina stole $100,000,000 from the bank, they are laid-down procedures already on how to deal and discipline the Bank chief for gross misconduct codified within the AfDB since 1976. America should have probably read the laws setting up the AfDB before investing their money in the bank.
If they don't like the reports of the ethics committee that is legally and officially the committee that investigates gross misconduct within the institution, then they are welcome to leave. AfDB might struggle initially with financial loss if the US exit, but I'm confident we'll pick up the pieces and move on strongly