Why You Need To Vote Atiku Abubakar As President Of Nigeria - Politics - Nairaland
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Don't Appointing Mohammed Abubakar As Minister - CFCI To Buhari / Atiku Abubakar As A Young Customs Officer In Early 80s (Throwback Photo) / Muhammadu Buhari Campaign Organisation On Emergence Of Alhaji Atiku Abubakar As (2) (3) (4)
| Why You Need To Vote Atiku Abubakar As President Of Nigeria by NFFGG: 9:44am On Feb 18, 2019 |
Why You Need To Vote Atiku Abubakar As President of Nigeria By Olumide Akinrinlola Buhari is grossly incompetent to lead Nigeria. It is obvious the president is not physically and mentally fit to rule this country for another four years. It is more annoying when people give credit to him over revival of our railway lines as part of his achievements and reason he needs to continue beyond 2015. Revival of Railway project in Nigeria that some people are talking about wasn’t Buhari and the APC ‘s initiative but of the PDP. The TSA, BVN, EFCC, ICPC, NHIS, NSCDC, Card Reader, PTDF, Abuja light rail project etc.. that got people talking today, are all the achievements of the PDP. Mr Buhari and the APC led federal government has grounded our economy and thrown the future of Nigeria in bankruptcy. The future of this country is already in debt through excessive borrowing. The high level of insecurity is unprecedented under this Buhari-APC led government. The overwhelming rate of impunity, and human right abuses cannot be overemphasised. Buhari has eroded the unity of Nigeria with nepotism coupled with his hatred for other tribes. He is lawless and not even in charge of the affairs of government. He isn’t aware of most critical decisions being taken by his own administration. He’s mentally imbalance and as such, he is being controlled by the cabals. It is those cabals who are contesting now because a vote for Buhari is a vote to retain the cabals to rule us for another four years. Buhari and these cabals are those people who created the economic tyranny via the high dollar exchange rates which skyrocketed the prices of goods and services and made life unbearable for common Nigerians on the streets. The Buhari-APC did not also fulfill their electoral promises while they denied some of them. Where is the 3 million jobs they promised every year? Has one naira equalled one dollar? Where is the state and community policing they promised? Has fuel price reduced to N40? Have they banned public officer from seeking medical care abroad as promised? Where is the revival of Ajaokuta steel industry? Where is the business loan guarantee scheme for small scale businesses? Where is the establishment of Crime Squad to combat terrorism, kidnapping, armed robbery, militants, ethno-religious and communal clashes nationwide as promised by them? I can go on and on to list their unfulfilled electoral promises or those they denied. They came to increase our burden through the increase of taxes with fraudulent multiple taxes on our incomes and Bank Accounts. They deceived us by jerking up pump price of fuel from 87 naira to 145 naira with promise to remove fuel subsidy when obviously fuel subsidy was never removed. Everything was a scam. Where lies their integrity? They increased electricity tariffs by 40%. Prices of goods and services aren’t bearable by Nigerians over bad policies of government. Buhari is a sectional president and not Nigeria president. We can’t afford to go to the next level of sectionalism, unprecedented level of poverty, and excruciating hunger which were all created by them. Those N-power beneficiaries who are shouting sai baba because they felt they have already gotten a job can go ahead and vote for him if that is the kind of job their destinies require. We can’t know Buhari more than his wife and children who all admitted that the president is not in charge. Why voting for a third party when Buhari’s wife and children had hinted Nigerians that Baba is not in charge but the cabals. Saturday’s election is not about personality or political party. It’s about rescuing Nigerians from the aged long dichotomy, nepotism, ethnic crisis, tribalism unleashed on us by the colonial master and refreshed by Buhari. We are to support Atiku Abubakar, Candidate of the PDP and a patriotic Nigerian, not because he is a Messiah, but because he is a Godsent to put an end to herdsmen/farmers crisis, IPOB crisis, Niger delta crisis, unemployment, economic recession through restructuring of the country. I do not see better ways to Solve all these lingering problems of Nigeria rather than restructuring of the country. Hence , we must all go out enmass and vote Atiku for president. When doing that, remember to also vote all the candidates of the PDP on Saturday. Ire oooo. 2 Likes |
| Re: Why You Need To Vote Atiku Abubakar As President Of Nigeria by Yambee: 9:48am On Feb 18, 2019 |
Good points. I can also vote against Atiku Abubakar for those same reasons listed by the OP. I support Buhari,not because he is a better candidate than Atiku in anyway. My fear of Atiku, is that he has these waiting multitudes of vultures circling, just waiting to descend on everything lootable in Nigeria. As at today, these known criminals are patiently waiting,and will make their 16 yrs of looting between 1999, until thrown out by the APC look like a childs play. Buhari is an ethnic bigot,and so far, his handlers,especially those from the south have been doing a good job controlling him,before he goes Islamic fully with the country. 1 Like |
| Re: Why You Need To Vote Atiku Abubakar As President Of Nigeria by Nobody: 9:49am On Feb 18, 2019 |
[[s]quote author=NFFGG post=75849047]Why You Need To Vote Atiku Abubakar As President of Nigeria By Olumide Akinrinlola Buhari is grossly incompetent to lead Nigeria. It is obvious the president is not physically and mentally fit to rule this country for another four years. It is more annoying when people give credit to him over revival of our railway lines as part of his achievements and reason he needs to continue beyond 2015. Revival of Railway project in Nigeria that some people are talking about wasn’t Buhari and the APC ‘s initiative but of the PDP. The TSA, BVN, EFCC, ICPC, NHIS, NSCDC, Card Reader, PTDF, Abuja light rail project etc.. that got people talking today, are all the achievements of the PDP. Mr Buhari and the APC led federal government has grounded our economy and thrown the future of Nigeria in bankruptcy. The future of this country is already in debt through excessive borrowing. The high level of insecurity is unprecedented under this Buhari-APC led government. The overwhelming rate of impunity, and human right abuses cannot be overemphasised. Buhari has eroded the unity of Nigeria with nepotism coupled with his hatred for other tribes. He is lawless and not even in charge of the affairs of government. He isn’t aware of most critical decisions being taken by his own administration. He’s mentally imbalance and as such, he is being controlled by the cabals. It is those cabals who are contesting now because a vote for Buhari is a vote to retain the cabals to rule us for another four years. Buhari and these cabals are those people who created the economic tyranny via the high dollar exchange rates which skyrocketed the prices of goods and services and made life unbearable for common Nigerians on the streets. The Buhari-APC did not also fulfill their electoral promises while they denied some of them. Where is the 3 million jobs they promised every year? Has one naira equalled one dollar? Where is the state and community policing they promised? Has fuel price reduced to N40? Have they banned public officer from seeking medical care abroad as promised? Where is the revival of Ajaokuta steel industry? Where is the business loan guarantee scheme for small scale businesses? Where is the establishment of Crime Squad to combat terrorism, kidnapping, armed robbery, militants, ethno-religious and communal clashes nationwide as promised by them? I can go on and on to list their unfulfilled electoral promises or those they denied. They came to increase our burden through the increase of taxes with fraudulent multiple taxes on our incomes and Bank Accounts. They deceived us by jerking up pump price of fuel from 87 naira to 145 naira with promise to remove fuel subsidy when obviously fuel subsidy was never removed. Everything was a scam. Where lies their integrity? They increased electricity tariffs by 40%. Prices of goods and services aren’t bearable by Nigerians over bad policies of government. Buhari is a sectional president and not Nigeria president. We can’t afford to go to the next level of sectionalism, unprecedented level of poverty, and excruciating hunger which were all created by them. Those N-power beneficiaries who are shouting sai baba because they felt they have already gotten a job can go ahead and vote for him if that is the kind of job their destinies require. We can’t know Buhari more than his wife and children who all admitted that the president is not in charge. Why voting for a third party when Buhari’s wife and children had hinted Nigerians that Baba is not in charge but the cabals. Saturday’s election is not about personality or political party. It’s about rescuing Nigerians from the aged long dichotomy, nepotism, ethnic crisis, tribalism unleashed on us by the colonial master and refreshed by Buhari. We are to support Atiku Abubakar, Candidate of the PDP and a patriotic Nigerian, not because he is a Messiah, but because he is a Godsent to put an end to herdsmen/farmers crisis, IPOB crisis, Niger delta crisis, unemployment, economic recession through restructuring of the country. I do not see better ways to Solve all these lingering problems of Nigeria rather than restructuring of the country. Hence , we must all go out enmass and vote Atiku for president. When doing that, remember to also vote all the candidates of the PDP on Saturday. Ire oooo.[/quote][/s] 1) The anti-corruption drive of Mr. President put to a halt the exogenous leakages in the Agricultural sector to encourage, empower, and enhance the locally made farm produce thereby increasing our internally generated revenue (IGR) index and foreign exchange capacity and reserve to over $45 Billion in cash and bonds. 2) President Buhari initiated the Home Grown Feeding Programme which is designed to put an end to importation and market monopoly of farm produce that can be grown here in our country which is a pilot vehicle to sustainable economic, agricultural, academic and job creation across the length and breadth of our nation. 3) Under President Buhari, the Standing Inter-Ministerial Technical Committee on Zero-Reject of Agricultural Commodities and Produce / Non-oil Exports in Nigeria was inaugurated. 4) Under the Buhari-led administration, Nigeria has benefitted from 13.1billion Euros honeybee project. 5) The Buhari administration has commenced steps improving the standards of Nigeria’s agricultural exports to align with global standards due to the rejection of our produce at the EU Border Controls. 6) Under President Buhari, Standards and Quality Control measures have been developed in. 7) Under President Buhari administration at the end of 2016, agricultural goods as share of total trade got N212.73bn and 4.02 per cent and Agricultural goods exports were 2.7 per cent higher in Q4 2016 than Q3 2016. 8.) Under the Buhari-led administration, Sesame seeds contributed N6.46billion to Agricultural product exports in the fourth quarter of 2016. 9) In the fourth quarter of 2016, Frozen shrimps and prawns chipped in N4.4billion to Agricultural product exports under PMB’s administration. 10) Under President Buhari administration in the fourth quarter of 2016, Flour and meals of soya beans contributed N2.59billion to agricultural product exports 11) Under President Buhari administration in the fourth quarter of 2016, cashew nuts in shell contributed N0.95billion to Agricultural product exports with the Buhari-led administration. 12) Crude palm kernel accounted for N0.62 billion of the total Agricultural exports under the President Buhari administration in the fourth quarter of 2016. 13) Under the President Buhari administration the agricultural universities coordinating agency is being revitalised as stipulated in the enabling Act which will work closely with the Nigerian University Commission and development partners to re-focus the universities of agriculture in the country. 14) The Livelihood Improvement Family Enterprises (LIFE) programme was initiated by the Buhari Administration and it is aimed at bringing life back to rural communities through the empowerment of youth, women and other vulnerable groups across the country. 15) Livelihood Improvement Family Enterprises (LIFE) Programme initiated by the President Buhari administration is geared towards promoting community-based on-farm and off-farm business activities as a model for job and wealth creation amongst unemployed youth and women in rural and suburban households. 16) Livelihood Improvement Family Enterprises (LIFE) Programmes under President Buhari are expected to establish 150,000 cooperatives nationwide under commodity value chain groups. 17) Livelihood Improvement Family Enterprises (LIFE) programme under President Buhari will establish and operate up to 1,000 cottage industries in the country, and ultimately engage about 1,995,500 youth and 997,500 women for enhanced productivity. 18) Livelihood Improvement Family Enterprises (LIFE) programme under President Buhari would add about 5,965,000 metric tons of foods to the national food store. 19) Anchor Borrowers’ Programme is an intervention of the Buhari administration aimed at fast-tracking access of rural farmers to finance productivity. 20) The Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria under the Buhari-led administration has made available N82billion in funding to 350,000 farmers of rice, wheat, maize, cotton, cassava, poultry, soy beans and groundnut; who have cultivated about 400,000 hectares of land. 21) The Buhari-led administration has made provision of agricultural credit for financing the production of rice, wheat, ginger, maize and soybeans in Kebbi, Niger, Kaduna, Kano, Enugu, Benue, Zamfara, Anambra and Kwara States. 22) The Anchor Borrower’s Programme (ABP) under Buhari’s administration has provided quantum of money for dry season farming in 2015, wet season rice and wheat farming in 2016 and is currently supporting the 2016 dry season farming in many states. 23) The President Buhari administration has commenced the use of National Soil Map Data, with the promotion of the use of soil-specific fertilizer formulations and application in prescribed dosages based on soil types following the conduct of soil mapping/test to enhance agricultural production and productivity. 24) Under President Buhari administration a resurrected interest in agriculture has awakened among small holder farmers. 25) Under the Buhari-led administration, Nigeria’s fertilizer market is growing. 26) The President Buhari administration has signed an agreement with the Government of Morocco for the supply of fertilizer raw materials on concessionary terms to boost local blending to facilitate making soil and crop-specific fertilizer blends available and accessible to smallholder Nigeria farmers. 27) The Ministry of Agriculture under President Buhari is facilitating the timely access of farmers to appropriate quality seeds. 28) The President Buhari administration has facilitated seed trading locally and internationally through the application of regionally agreed principles and rules. 29) The enabling environment for private investment in the seed industry has been created by the Buhari-led administration. 30) Under President Buhari, the National Irrigation Policy and Strategy has been developed and focuses on the need to overcome the irrigation challenges and put available irrigation facilities in the country into effective use. 31) The PMB Administration has assessed the status of infrastructure in all the 12 River Basin Development Authorities (RBDAs) hence, commenced immediate and effective use of the facilities for commercial farming. 32) Under President Buhari, the Bank of Agriculture (BOA) has been strengthened for improved delivery of services through consolidation and recapitalisation in collaboration with the Bureau of Public Enterprises (BPE) to ensure loan disbursement at a single digit interest regime in the agricultural sector as obtainable in developed and emerging economies. 33) The President Buhari administration has approved the restructuring, re-capitalising and repositioning of the Bank of Agriculture (BOA). 34) The Buhari administration has secured the approval of a grant of $1.1 million from the African Development Bank (AfDB) for the restructuring of the Bank of Agriculture, aimed at staff training to strengthen service delivery. 35) The President Buhari administration has embarked on the re-validation of the claims of agro- dealers and input suppliers under the 2014 wet and 2014/2015 dry seasons to ensure that genuine claims are paid by the government. 36) The President Buhari administration has facilitated the payment of the sum of N20 billion, as part of the debts owed agro-dealers while efforts are on to fully settle the outstanding liabilities. 37) The President Buhari administration has established a N50 billion mechanisation fund to facilitate the second phase of Agricultural Equipment Hiring Enterprise (AEHE) to roll-out 6,000 tractors and 13,000 harvest and post-harvest equipment units across the country. 38) With the Buhari-led administration, Tractors and Implements were rolled out in Ilorin and Abuja on January 12, 2016, to support targeted commodity value chains. 39) The rising spate of hostilities and attendant insecurity arising from clashes between crop farmers and nomadic herdsmen has raised serious concern within the government. Accordingly, the PMB administration has commenced efforts towards resolution of pastoralists-farmers conflicts through the provision of 55,000 hectares of land by 11 states as part of the 5,000 hectares each expected from the 19 northern states for the development of pasture/paddocks grazing reserves. 40) The Buhari administration has established 40 large scale rice processing plants and 18 High Quality Cassava Flour (HQCGF) plants with a stake commitment of China EXIM (85 per cent) and Nigeria Bank of Industry (BoI) (15 per cent) through concessional credit facilities of US$383,140,375.60 for the rice mills and US$143,722,202.40 for the HQCF Plants. 41) The President Buhari administration through the Ministry of Agriculture is embarking on a programme of distribution of rice mills, of ten tons per day capacity, 20 tons a day, 40 tons a day, 50 tons and a few 100 tons. Collectively between them, the capacity for rice milling will be close to 3,000 tons a day nationwide. That is expected to close the gap between paddy availability and mills to process it. 42) The President Buhari administration has established 10 large scale rice processing plants and 6 High Quality Cassava Flour plants to be owned and operated by the private sector and would be funded by the Special Rice Processing Intervention Fund and the WB Assisted Agricultural Development Policy Operation [AgDPO] Funds. 43) Through President Buhari administration, Real GDP in agriculture grew by 4.11 per cent in the year 2016, and this growth rate was higher than that recorded in 2015 of 3.72 per cent. 44) Under Buhari’s administration as captured by the National Bureau of Statistics (NBS), there was a continuing strong growth in Agriculture (especially Crop Production) in the Q4 of 2016. 45) Agriculture contributed 21.26 per cent to nominal GDP in the Q4 of 2016 and the sector grew by 6.45 per cent year-on-year under President Buhari administration. 46) In the Buhari-led administration, the contribution of Agriculture to overall GDP in real terms was 25.49 per cent in the quarter under review, higher than its share of 24.18 per cent in the corresponding quarter of 2015. 47) The Ministry of Agriculture under President Buhari administration also provided 2283 bags of industrial salt to hides and skin dealers in 12 targeted states. 48) The President Buhari administration placed ban on rice importation and that has saved Nigeria an average of $5 Million daily. 49) The growing success story on agriculture in Buhari’s Administration has prompted more youths to commence full production in agriculture. 50) More than 7 million Nigerians are actively employed in agriculture under the Buhari Government’s diversification agenda and the Ministry of Agriculture is working to ensure that Agriculture will offer 20 million jobs in the nearest future. 51) Nigeria’s milled rice production has increased by about 60 percent, from 2.5 million MT in 2015, to 4 million MT in 2017 under the President Buhari administration. 52) The Buhari-led administration set up the Presidential Fertilizer Initiative (PFI) to deliver commercially significant quantities of affordable and high quality fertilizer to the Nigerian farmer at the right time 53) The Presidential Fertilizer Initiative (PFI) under the President Buhari administration has resulted in the revitalization of 14 blending plants across the country, with a total installed capacity in excess of 2 million MT. 54) The Presidential Fertilizer Initiative (PFI) under the President Buhari administration has resulted in benefits which will include annual savings of US$200 million in foreign exchange, and N60 billion annually in budgetary provisions for Fertilizer subsidies. 55) Under President Buhari administration, the current cumulative in terms of IGR generated through Agriculture since the fall in price of crude globally has placed agriculture as the best alternative for creating wealth and increasing our National Foreign Reserve to an all-time high. 56) Nigeria’s economy has since bounced back after the recession of 2015/2016 and has continued to grow back as the strongest stabilizing economy in Africa under Buhari-led administration. 57) Through the Buhari-led administration, agriculture is already ripe to be the next green oil and global gold the world has ever seen and the green-rush will lead all roads to Nigeria. 58) Buhari-led Administration has revived 11 moribund plants with a combined capacity of over two million metric tonnes. 59) In 2017 under the President Buhari administration, Presidential Fertilizer Initiative (PFI) delivered 10 million 50kg bags(500,000MT) of NPK 20:10:10 fertilizer at a price of N5,500 in time for the wet season which is down from the price of N9,000 per 50kg bag in 2016, a 40% reduction in price. 60) Under President Buhari administration there is a higher patronage for the country’s rail network due to movement of raw materials and finished goods. 61) Under President Buhari administration, the bag-making sector of the economy was boosted, with over 10million packaging bags produced exclusively for Presidential Fertilizer Initiative (PFI). 62) The Presidential Fertilizer Initiative (PFI) has been able to create 60,000 direct jobs and even a higher number of indirect jobs under the Buhari-led administration. 63) The Buhari-led administration has cut down on imports of agricultural products in order to enable self-sufficiency in food production and consumption. 64) Under President Buhari administration, The Green Alternative (TGA) was initiated, a major policy thrust to build an agri-business economy capable of delivering sustained prosperity by meeting domestic food security goals, generate exports, support sustainable income and job. |
| Re: Why You Need To Vote Atiku Abubakar As President Of Nigeria by 2RUTHHURTS(m): 9:49am On Feb 18, 2019 |
This is simply the reason
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| Re: Why You Need To Vote Atiku Abubakar As President Of Nigeria by dukie25: 9:49am On Feb 18, 2019 |
FailBuhari is only 6 days away. |
| Re: Why You Need To Vote Atiku Abubakar As President Of Nigeria by jpphilips(m): 9:50am On Feb 18, 2019 |
IS BUHARI TRULY RESPONSIBLE FOR OUR ECONOMIC WOES? A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance? Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered. Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth. What are the effects of crude shock in oil producing developing economies? Forex scarcity: Most developing economies whether oil producing or not, depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession. Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession. Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford. In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation. Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency. Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate. The local currency is allowed to float along a band the cbn thinks may not be too hurtful on the economy. Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages. Okonjo iweala then finance minister and coordinator of the economy actually warned Nigerians in 2014 long before buhari came that the level of mismanagement will bring hunger to us, read here: https://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html If okonjo iweala saw this hunger in 2014, warned us about it, how can a sane person accuse buhari of bringing hardship? Between 2015-2017, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone? The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves, It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings). Permit me to take you down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS. This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that came the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings. Global economic meltdown is worse than crude shock because in a meltdown, major economies are affected, capital flight becomes common in developing economies, crude oil customers reduce demand thereby pushing prices lower, the saddest part is that no country has money to borrow anyone during global meltdown, yet Nigeria Survived it with Soludo's brilliant strategy. A strategy that was blatantly refused by the previous administration when suggested by Iweala, recall that Iweala worked with Soludo in that NEEDS team. Fast forward to 2015, Three out of the top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $194b in a $156.1b economy (122% of GDP in savings).You can see that the Robust reserve of Algeria was their savior in this modern crude oil shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time (3.8% of GDP), that amount is not even enough to pay for imports let alone absorb global shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings? Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg They not only devalued their currency, they equally allowed it to float like Nigeria's Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago. The kwanza fell 11 percent to 187.95 per dollar by 3:35 p.m. in Luanda and depreciated 10 percent to 221.75 against the euro. The move came a day after the central bank allowed the currency to weaken in its first auction of foreign exchange since announcing it would end a dollar peg that’s been in place since April 2016.....Bloomberg Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/ Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016. https://tradingeconomics.com/angola/unemployment-rate Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday. Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously. Poverty in Angola According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million. I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria saved a whooping $90b when the going was good, as such its economy was immune to crude shock. Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014. Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014. My country men, you can see that this suffering was brought upon us by mismanagement by the same people that are warming up to continue from where fate has left us, if buhari had $100b in our foreign reserve in 2015, we wont be hungry today, we wont lose our jobs, we wont lose our manufacturing industries, this is the truth that shall set us free! Some even blamed it on Avengers attack of 2016 Niger delta avengers was a non issue, if you noticed, I expunged them from my initial analysis, here is why; We were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock. If Avengers did not strike, OPEC would have asked us to cut production to boost prices, read: https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years So Avengers or any form of production cut at the time was a non issue. OPEC gave us production cut waiver because Nigeria has already declared force-majore in most of its crude oil export channels. Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow? The vice president being the economic manager of the country Launched the ERGP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks once again, not just crude shocks alone. (Algerian model) The moment that money crossed $40b mark, forex shortages disappeared, importers stopped complaining, manufacturers stopped complaining of dollar scarcity, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy, inflation immediately responded to the potency of the ERGP from 18.8% in 2017 to 11.23% in 2018. This reserve will boost investors confidence that the economy is liquid enough for profit repatriation, that is how the jobs will return, job creation is private sector driven, not govt. Among the three oil dependent economies in Africa that landed in recession within the same period, Nigeria was the first to exit recession, that was historical & mind blowing, despite fighting terrorism and with a massive population, we did it first before any other country. By Blocking loopholes Our Federal allocation that used to be a misery 311b naira in june 2016 is between 600-700b naira in presently. This volume if held steady will continue providing liquidity that will surely inflate the economy. Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects, rightly put, the economy is being diversified towards gas. (Russian model) https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/ As you can see here, Manufacturing is gradually expanding, next will be jobs returning on its own https://www.thisdaylive.com/index.php/2018/07/08/cbn-at-57-0-pmi-manufacturing-sector-expanded-in-june/amp/ We don't need Atiku's stealing to truncate an economic process already in recovery. In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. Buhari is like a mechanic that was given a car to fix, only for the car owner to accuse him of being the problem of the car when he is yet to fix anything. We shall never go back to past governments whose inaction landed us in this mess in the first place. leadership in the past that we tasked to privatize our establishments, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished? Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners? Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lies peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku, we cant move from Abacha loot to Atiku loot at this perilous time. It will be very dangerous and retrogressive to have a leader that is in bad terms with the international community, remember that the united states is the Fulcrum of our war against insurgency, one will argue that if America doesn't sell arms to us we go to Russia, the world works differently now under Donald trump, ask yourself, why did Jonathan not go to those people when America sanctioned him under the Leahy's ban? Yet he sat idly and watched Boko haram slaughter tens of thousands eventually took LGA's? American ban is as good as a global ban, recall how South Africa seized funds Jonathan wanted to use for arms purchase, please dont ask me what is South Africa's business with a US ban, that is how the world works. In 2017, the US congress passed a law called Countering America's Adversaries Through Sanctions Act, CAATSA to promote the America first agenda while sanctioning countries that do business with American's enemies. If Atiku (God forbid) becomes the president as much as thinks about going to Russia for help, Nigeria will end up in CAATSA web, and that is when the true Hunger will manifest. Can you live under a US sanction like North Korea and Iran? can you live with a Boko haram that is out of control? A boko haram that once bombed Abuja for fun but Today the once Almighty Shekau is in hiding? what about other support we get from the US like the USAID? free immunization? Polio prevention? HIV and AIDS vaccines? Machinery and oil and gas technologies etc? are you willing to throw away all these because of a criminal whose greed led him to commit atrocities in the United states or hate for Buhari that is built on lies? When faced with these realities, Atiku will never achieve anything, rather he will steal what we have left and disappear like he did in the US. May God help us!! Watch Peter obi summarize this analysis https://twitter.com/i/status/1058007016810123264 2 Likes 1 Share |
| Re: Why You Need To Vote Atiku Abubakar As President Of Nigeria by 2RUTHHURTS(m): 9:53am On Feb 18, 2019 |
myboy2111:eepain you die  Go and save Master |
| Re: Why You Need To Vote Atiku Abubakar As President Of Nigeria by Nobody: 10:00am On Feb 18, 2019 |
2RUTHHURTS:MAJOR ONGOING AND COMPLETED PROJECTS BY THE BUHARI ADMINISTRATION, ACROSS NIGERIA, ARRANGED BY GEOPOLITICAL ZONE. SOUTH EAST: 1. Rehabilitation of Sections 1 to 4 of the Enugu–Port Harcourt Expressway (Sukuk Bond) (ongoing) 2. Rehabilitation of Amansea–Enugu Border section of Onitsha-Enugu Expressway (Sukuk Bond) (ongoing) 3. Rehabilitation of 18km critical stretch of Onitsha–Awka Road (ongoing) 4. Construction of Second Niger Bridge: Completed design of the Approach Roads from Onitsha and Asaba; Award of Main Construction Contract to Julius Berger; and funding of the project by the Presidential Infrastructure Development Fund, PIDF. In August 2018 PIDF paid 33 billion Naira (US$90 million) to Julius Berger for the Second Niger Bridge project. (ongoing) 5. Rehabilitation of Arochukwu–Ohafia–Bende Road (ongoing) 6. Ariaria Market Electrification Project (The Federal Government is implementing its Energizing Economies Programme, which will bring stable and reliable electricity to all the 37,000 shops in Ariaria Market, by providing the Market with a gas-powered IPP) (ongoing) 7. Federal Government’s Energizing Education Programme is being implemented in Federal University Ndufu-Alike Ikwo, Ebonyi; and Nnamdi Azikwe University – Awka Campus, Anambra. The Programme will provide these Universities with an Independent Power Plant, as well as upgrade existing distribution infrastructure, and also provide street-lighting. 8. Completed Ikot Ekpene - Alaoji - Ugwuaji Switching Station and Transmission Line 9. Construction of Modern Medical Diagnostic Centre at the Federal Medical Centre, Umuahia (FMCU) (ongoing) 10. Completed Nnamdi Azikiwe Mausoleum (contract originally awarded in 1996, abandoned at various times, Buhari Administration revived the project in 2016, and completed it in 2018). 11. Enyimba City Special Economic Zone: Definitive Agreements signed between Federal Government, Abia State Government and Enyimba City Development Company Limited on December 7, 2018 (ongoing) 12. Presidential Fertilizer Initiative – has led to the revival of the Ebonyi State Fertiliser and Chemical Company Limited (EFCCL), creating jobs and boosting the supply of fertilizer in the Southeast. 13. Social Investment Programme: 68,000 N-Power Beneficiaries across the 5 States of the South East; the School Feeding Programme has kicked off in all 5 States of the Southeast. 14. Pensions paid to Retired War-Affected (Ex-Biafran) Police: In 2017, the Buhari Administration paid 500 million Naira to clear pensions arrears that had not been paid since their presidential pardon in 2000 SOUTH WEST: 1. Rehabilitation and Expansion of Lagos-Ibadan Expressway: The project is now being funded by the Presidential Infrastructure Development Fund (PIDF) established by President Buhari in 2018 to fund critical infrastructure projects. (ongoing) 2. Rehabilitation of outstanding sections of Sagamu-Ore Expressway (ongoing) 3. Construction of 158km Lagos-Ibadan Standard Gauge Rail, with 10 Stations: Apapa, Ebute Metta, Agege, Agbado, Kajola, Papalanto, Abeokuta, Olodo, Omi-Adio and Ibadan. (ongoing) 4. Reconstruction of Apapa - TinCan - Mile 2 - Oshodi- Oworonshoki Expressway (commenced November 2018): This is the first full reconstruction of the Road since it was first constructed in the 1970s. 5. Dualisation of Oyo-Ogbomosho road (funded by the N100 billion Sukuk Bond issued by the Federal Government in 2017) (ongoing) 6. Rehabilitation of Lagos-Otta-Abeokuta Road (ongoing) 7. Rehabilitation of Ikorodu-Sagamu Road (ongoing) 8. Construction of US$10 million Cancer Treatment Center at the Lagos University Teaching Hospital (LUTH) (ongoing) 9. A $21 million project funded by the Japan International Cooperation Agency (JICA) — will stabilize power supply to more than 200,000 people in and around Apapa in Lagos State. The contract was signed between the Japanese and Nigerian Governments in November 2018. 10. Energizing Economies Programme – ongoing Electrification of Sura Shopping Complex (1,000 shops), Shomolu Printing Community (4,000 shops), Gbagi Market, Oyo (7,872 shops), Ita-Osun Market, Ogun (2,814 shops), Nnamdi Azikiwe Market, Lagos (3,091 shops), Balogun Market, Lagos (1,662 shops), Iponri Market, Lagos (1,305 shops), UMBC, Oyo (700 shops), Isikan Market, Ondo (277 shops), Bariga Market, Lagos (390 shops), Erinwe, Ogun (1,280 fish ponds) 11. Social Investment Programme: 96,000 N-Power Beneficiaries across the six States of the Southwest. School Feeding currently ongoing in 4 States of the Southwest: Oyo, Ogun, Ondo and Osun. SOUTH SOUTH: 1. Afam Fast Power Project: Construction of US$186 million, 240MW expansion for the existing Afam Power Plant (commenced in 2016, almost completed) 2. Dualisation of Yenegwe Road Junction-Kolo-Otuoke-Bayelsa Palm (Sukuk Bond) (ongoing) 3. Rehabilitation of Sections 1 to 4 of the Enugu – Port Harcourt Expressway (ongoing) 4. Construction of 120 billion Naira Bonny-Bodo Road in Rivers State,jointly funded by the Federal Government and the Nigeria Liquified Natural Gas Company Limited (NLNG) (ongoing) 5. Completed new Port Harcourt International Airport Terminal 6. Construction of East-West Road (ongoing) 7. Completed the 60km Alesi–Ugep Road in Cross River State; contract awarded for 72km section from Odukpani Junction to Ugep. 8. Rehabilitation of Calabar–Itu–Odukpani Road that links Akwa-Ibom to Cross River (ongoing) 9. Niger Delta New Vision (Federal Maritime University in Delta State licensed by NUC and commenced academic activities in 2018; Modular Refineries in Delta, Rivers and Akwa Ibom States; Ogoni Clean Up in Rivers – ongoing) 10. Financial Close for Azura Power Plant in Edo State: The necessary Federal Government approvals for this US$900 million private sector investment were given by President Buhari, paving the way for financial close in December 2015, and the commencement of construction in January 2016. The 459MW project was completed in May 2018, seven months ahead of schedule. 11. Water Projects: a. Completed Ogwashi-Uku Dam, Delta State; b. Completed Ekeremor Water Supply Project, Edo State; c. Completed Northern Ishan Regional Water Supply Project, serving Ugboha and Uromi communities of Edo State; d. Completed Rehabilitation of Ojirami Dam Water Supply Project, Edo State; e. Completed Central Ogbia Regional Water Project in Bayelsa State. 12. Social Investment Programme: 85,000 N-Power Beneficiaries in the South South; School Feeding has kicked off in 3 of the six States: Akwa Ibom, Cross River and Delta. NORTH CENTRAL: 1. Construction of Oju/Loko–Oweto bridge over River Benue to link Loko (Nasarawa state) and Oweto (Benue state) along route F2384 (almost completed) 2. Dualisation of Abuja–Abaji–Lokoja Road section I (International Airport link road junction–Sheda Village) (ongoing) 3. Dualisation of Suleja–Minna Road in Niger State Phase II (ongoing) 4. Dualisation of Abuja–Abaji–Lokoja Road: Section IV Koton Karfe–Lokoja in Kogi State (ongoing) 5. Dualisation of Lokoja-Benin Road: Obajana–Okene in Kogi State (ongoing) 6. Rehabilitation of Enugu–Makurdi Road: Otukpa-Otukpo Section completed, work ongoing on Otukpa-Enugu/Benue Border, and on Otukpo-Aliade section. 7. Construction of Otukpo-Oweto Road (almost completed) 8. Completed construction of 93km Ilorin-Jebba Road, (completed in 2018) 9. Dualisation of Abuja–Keffi–Lafia–Makurdi Road (ongoing) 10. Rehabilitation of Suleja-Minna Road (ongoing) 11. Construction of Nigeria’s Central Rail Line (Itakpe-Ajaokuta-Warri Standard Gauge Line), spanning Kogi, Edo and Delta States. Tracks and Communications systems completed, Station Construction ongoing. 12. Completed rehabilitation of the Abuja International Airport Runway, and construction of new Abuja International Airport Terminal. 13. Completed the abandoned Bill Clinton Drive Interchange Bridgealong the Umaru Musa Yar’Adua Road (Airport Road), in the FCT. 14. Construction of Apo–Wasa–Karshi Dual Carriageway, part of the Outer Southern Expressway (OSEX) in the FCT (ongoing) 15. Construction of the Inner Southern Expressway (Goodluck Jonathan Way) in the FCT (ongoing – some sections have been completed and opened in the last three years). 16. Completed Mangu Regional Water Supply Scheme, in Plateau State 17. Completed Federal University of Agriculture, Makurdi Water Supply Project, Benue State 18. Construction of 30MW Gurara Power Plant, Niger State (ongoing) 19. Construction of 700MW Zungeru Hydro Power Plant, Niger State (ongoing; completion target of 2020) 20. Transmission Grid (ongoing): a. A $12.4 million project funded by the Japanese Government for the upgrading (installation of power capacitor banks) of two Transmission Sub-Stations, in Apo, FCT and Keffi, Nasarawa, respectively, to stabilize power supply to 7,000 households. The project commenced in 2016 and was completed in 2018. b. 150MVA 330/132//33KV Power Transformers at Kanji (Fakun), Niger State, added capacity 120MW (2016) c. 2x60MVA 132/33KV Power Transformer at Lokoja, Kogi State, added capacity 96MW (2016) d. 1460MVA 132/33KV Power Transformers at Kontagora, Niger State, added capacity 48MW 92016) e. 60MVA 132/33KV Power Transformers at Okene, Kogi State, added capacity 48MW (2016) f. 2x40MVA 132/33KV Power Transformer at Kainji (Dogon Gari), Niger State, added capacity 64MW (2016) g. 2x60MVA 132/33KV Power Transformer at Kukuaba, FCT Abuja, added capacity 96MW (2017) h. 60MVA Transformer in Karu Substation, FCT 21. Energizing Education Programme, an initiative of the FGN to provide sustainable and clean power supply to Federal Universities and University Teaching Hospitals across Nigeria, is being implemented in the Federal University of Agriculture Makurdi, Benue 22. Social Investment Programme: a. 98,700 N-Power Beneficiaries across the seven States of the North Central. b. School Feeding currently ongoing in 3 States of the North Central: Benue, Niger and Plateau NORTH EAST: 1. Dualisation of Shuarin-Azare section of Kano–Maiduguri Road linking Kano–Jigawa–Bauchi–Yobe (Section II) (ongoing) 2. Dualisation of Azare–Potiskum section of Kano–Maiduguri Road linking Kano–Jigawa–Bauchi–Yobe–Borno States. (Section III) (ongoing) 3. Dualisation of Potiskum–Damaturu section of Kano–Maiduguri Roadlinking Kano–Jigawa–Bauchi–Yobe–Borno States. (Section IV) (ongoing) 4. Dualisation of Damaturu–Maiduguri section of Kano–Maiduguri Road linking Kano–Jigawa–Bauchi–Yobe–Borno States. (Section V) (ongoing) 5. Reconstruction of Gombe-Numan-Yola Road, ongoing (Gombe-Kaltungo section completed) 6. Reconstruction of 122km Mayo Belwa-Jada-Ganye-Toungo Road,commenced in 2018 7. Construction of 40MW Kashimbila Dam & Hydro Power Plant, Taraba State (Dam and Power Plant completed; construction of transmission infrastructure to connect the plant to the national grid ongoing) 8. Construction of 29MW Dadin Kowa Hydro Power Plant, Gombe State (ongoing) 9. Completed Takum Water Supply Project, Taraba State 10. Construction of 3,050MW Mambilla Power Plant, Taraba State ($5.8 billion EPC contract awarded and signed in 2017; negotiations for the financing by the China Exim Bank ongoing) 11. Energizing Education Programme, an initiative of the FGN to provide sustainable and clean power supply to Federal Universities and University Teaching Hospitals across Nigeria, is being implemented in the Abubakar Tafawa Balewa University – Gubi Campus, Bauchi 12. Transmission Infrastructure (ongoing): a. 330/132KV Molai Transmission Substation in Maiduguri completed and energized in 2018 b. 330/132KV Damaturu Transmission Substation in Yobe State completed and energized in 2018 c. 60MVA 132/33KV Power Transformers at Bauchi, Bauchi State, added capacity 48MW (2017) d. 40MVA Mobile Substation at Damboa, Borno State, added capacity 32MW (2017) e. 28/40MVA Mobile Substation at Mayo Belwa, Adamawa State, added capacity 22.4/32MW (2017) f. 30/40MVA Mobile Substation at Gombe, Gombe State, added capacity 24MW (2017) 13. Social Investment Programme: a. 74,000 N-Power Beneficiaries across the six States of the North East. b. School Feeding currently ongoing in all 6 States of the North East: Bauchi, Taraba, Borno, Gombe, Yobe and Adamawa NORTH WEST: 1. Construction of Abuja-Kaduna-Zaria-Kano Highway. The project is being funded by the Presidential Infrastructure Development Fund (PIDF), established by President Buhari in 2018 to fund critical infrastructure projects. (ongoing) 2. Dualisation of Kano–Wudil–Shuari section of Kano–Maiduguri Roadlinking Kano–Jigawa–Bauchi–Yobe–Borno States. (Section I) (ongoing) 3. Dualisation of Kano–Katsina Road Phase I, Kano Town (Dawanau roundabout to Katsina border in Kano) (ongoing) 4. Completed 135km Sokoto–Tambuwal–Jega Road. 5. Construction of Kano Western Bypass, as an extension of dualisation of Kano–Maiduguri Road Section I (ongoing) 6. Construction of Kaduna Eastern Bypass, Kaduna (ongoing) 7. Construction of Modern Medical Diagnostic Centre at the Ahmadu Bello University Teaching Hospital (ABUTH), Kano (ongoing) 8. Completed Sabke Water Supply Project, Katsina State 9. Completed Shagari Irrigation Project, Sokoto State 10. Completed Galma Dam, Kaduna State. 11. Energizing Education Programme, an initiative of the FGN to provide sustainable and clean power supply to Federal Universities and University Teaching Hospitals across Nigeria, is being implemented in the Bayero University–New Campus, Kano; and the Usmanu Danfodiyo University–Main Campus, Sokoto 12. Transmission Infrastructure (completed): a. 60MVA Transformer in Dan Agundi Substation, Kano b. 2X60MVA Transformer in Kakuri Substation, Kaduna c. 60MVA Transformer in Katsina Substation d. 40MVA Mobile Substation at Zaria, Kaduna State, added capacity 32MW (2017) e. 2x40MVA 132/33KV Power Transformer at Daura, Katsina State, added capacity 64MW (2017) f. 60MVA 132/33KV Power Transformers at Hadejia, Jigawa State, added capacity 48MW (2017) g. 60MVA 132/33KV Power Transformers at Funtua, Katsina State, added capacity 48MW (2017) h. 60MVA 132/33KV Power Transformers at Sokoto, Sokoto State, added capacity 48MW (2016) 13. Social Investment Programme: c. 95,900 N-Power Beneficiaries across the seven States of the North West. d. School Feeding currently ongoing in 5 States of the North West:Kaduna, Katsina, Kano, Zamfara and Sokoto 14. Sabon Gari and Kantin Kwari Market Electrification Projects: The Federal Government is implementing its Energizing Economies Programme, which will bring stable and reliable electricity to the 13,000 shops in Sabon Gari Market, and 7,700 shops in Kantin Kwari Market, both in Kano. 15. Construction of 215MW Kaduna Power Plant, Kaduna (ongoing) 16. Construction of 10MW Katsina Wind Power Plant, Katsina: (As of Q1 2018, 15 of the 37 turbines had been installed and put to use, producing about 4MW) |
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