agaugust:


He is broke and dishing our $ 2 billion from dividend income on company shares investment.

LOL.....he is a politician and politicians tell lies all over the world.

So your president is a liar?

Yes, $2 billion that was moved from something else

Msauza:



Boko haram once kidnapped them and enjoyed from their fruit.

once again another TRASH..... really am not insulting you oooo,

Msauza:



Boko haram once kidnapped them and enjoyed from their fruit.

...

ssaengine:


Then your figure of 1 Alpha crash cannot be put into perspective using 8000 hours. If you have hours and time span for fast jets only, then it can.

Their numbers aren't available for public consumption individually.

However, at the last public debrief, the CAS divided out the numbers into Transport, Combat and Surveillance. The numbers presented showed an almost even distribution of hours.

Henry120:


Money Jonathan left, this is Federal government not state government reserve.

Reserves = $ 30 billion

ECA (Excess crude account) = $ 2 Billion

SWF (sovereign wealth fund) = $1 billion

LNG Remittance. = $ 5 billion


So tell us how the Federal government is broke?

One thing that I know for certain is that your excess crude acc has now been depleted. It had $ 4.1 and you withdrawn over $2 billion last year December and now recently. However the value of it was shrinking because of your forever falling value of your naira. Your account is now left with Zero.


http://www.premiumtimesng.com/business/175125-nigerias-excess-crude-account-2-45-bn.html

Patchesagain:


So your president is a liar?

Yes, $2 billion that was moved from something else

$2b a difference in the balance of excess crude account in which NIGERIA'S minister of finance owes NIGERIAns an explanation NOT SOUTH AFRICAns

Patchesagain:


Was the money pulled out of thin air?

No?

Then somewhere else in your budgets and financial set-up is now short $1 billion dollars.

Your own president said you were broke. Is he a liar?

Poor knowledge of accounting and public finance is a disease in South Africa.

As a rule in finance, you don't budget for dividend on shares, because you never know how much it is, company needs to trade and make profit, or else dividend becomes zero, and if making profit, directors meet and decide to declare or not declare dividend, it can come as cash payout or just paper rights issue or bonus hare issue instead of cash.

So, Nigeria cannot budget on dividend income because it is an uncertain income, it can be zero ! Your dividend is never known until company has traded and profited and directors decide to pay you or not to pay for a whole year !

You know nothing about economics or finance/accounting, that's why half literate newspaper journalists dribble you around with stories of bankruptcy and as old as you are, you gladly swallow the mud that younger boys feed you with
.

Patchesagain:


Now that they are fitting the states bill the will be

F.G is only bailing out some states, as soon as the business of governance stabilises and IGR picks up, states would go back to their normal routines, independent off F.G.

Msauza:



From my personal experience of two countries, Nigeria is more worse than South African in terms of poverty. Almost everyone is poor in Enugu and Lagos. South Africa has various forms of poverty relieve policies which Nigeria does not have. You get free money in South Africa if you have a child and you are not employed. Elderly get grants. Those who are disabled and terminally sick get free grants in South Africa. Indeed poverty in SA is much better than the rest of Africa. I wish if Africa can learn from South Africa.

**ALMOST EVERYONE is poor in Lagos and enugu** ,,
and Yet another TRASH

Nigeria is now undoubtedly broke. I have been also listening to an interview on the news.

agaugust:


Poor knowledge of accounting and public finance is a disease in South Africa.

As a rule in finance, you don't budget for dividend on shares, because you never know how much it is, company needs to trade and make profit, or else dividend becomes zero, and if making profit, directors meet and decide to declare or not declare dividend, it can come as cash payout or just paper rights issue or bonus hare issue instead of cash.

So, Nigeria cannot budget on dividend income because it is an uncertain income, it can be zero ! Your dividend is never known until company has traded and profited and directors decide to pay you or not to pay for a whole year !

You know nothing about economics or finance/accounting, that's why half literate newspaper journalists dribble you around with stories of bankruptcy and as old as you are, you gladly swallow the mud that younger boys feed you with
.

virtually and literally a disease....
No matter how good you explain it to some, their imaginations just surpasses everything....

Msauza:


One thing that I know for certain is that your excess crude acc has now been depleted. It had $ 4.1 and you withdrawn over $2 billion last year December and now recently. However the value of it was shrinking because of your forever falling value of your naira. Your account is now left with Zero.


http://www.premiumtimesng.com/business/175125-nigerias-excess-crude-account-2-45-bn.html

damn, EXCESS CRUDE OIL Acc purpose - to save money when Nigeria sells oil ABOVE the BENCHMARK price ....excess of sales.....

To be deducted from when Nigeria sells oil BELOW, the benchmark price for 3 consecutive months...according to our constitution
*The value of it was shrinking due to FALLING oil price since December...

one thing you don't know for certain is that it has Not been Depleted but deducted from....
*just peeping *

Patchesagain:


1. No an F7 will not do that - dont be ludicrous
2. South Africa does not tell lies just because the facts hurt your argument. The range Denel says it has is the range it is capable of.
3. Iraq bought their missiles at the same time as you, and when found in 2004 or so (about a decade ago) they were expired
4. How many missiles can the Roland guide in the air?

Roland is obsolete junk with expired missiles, 17 Hawks alone will overwhelm your entire air defence network

The fact that you have been claiming Roland AMX carries only 2 missiles instead of the standard 10 missiles until I educated you like a kid, shows you know NOTHING and it wrecks all your arguments 100% wrecked

#FvckingWrecked By Augustine

ddami:

MODIFIED:: below us exclude IN EVERYTHING...
its not an excuse its the fact asides BH Nigeria is a peaceful country.....
'*the fact that south Africa has white people*' - expantiate,,
is that an excuse why YOU think s.a is peaceful OR
why you are ranked LOW...

Uhm .....its an excuse!! If Nigeria was better, then there would be no Boko Harm! We are ranked higher than you because we are better than you fact!!

As for the White people thing , its not aimed at you, its more applicable to your other colleagues.

agaugust:


The fact that you have been claiming Roland AMX carries only 2 missiles instead of the standard 10 missiles until I educated you like a kid, shows you know NOTHING and it wrecks all your arguments 100% wrecked

#FvckingWrecked By Augustine

I simply dropped that point for an even better one

How many targets can a Roland track simultaneously?

How many targets can a Roland target simultaneously?

And finally, what is the minimum RCS that a Roland can detect?

Its all irrelevant though, as your 35 year old missiles have expired

agaugust:


[s]Poor knowledge of accounting and public finance is a disease in South Africa.

As a rule in finance, you don't budget for dividend on shares, because you never know how much it is, company needs to trade and make profit, or else dividend becomes zero, and if making profit, directors meet and decide to declare or not declare dividend, it can come as cash payout or just paper rights issue or bonus hare issue instead of cash.

So, Nigeria cannot budget on dividend income because it is an uncertain income, it can be zero ! Your dividend is never known until company has traded and profited and directors decide to pay you or not to pay for a whole year !

You know nothing about economics or finance/accounting, that's why half literate newspaper journalists dribble you around with stories of bankruptcy and as old as you are, you gladly swallow the mud that younger boys feed you with[/s]
.

I know enough to know that you are talking trash

Simple question... where did the money come from?

It existed... and it was going to go somewhere... and now it does not exist and it is not going where it was going to go.

It could stay in the Natural Gas set-up, it could have been earmarked for a project etc etc etc... but now it is gone, and it does not change the fact that your states are broke

You are broke, your president himself said so

You also left out:

Besides, the Central Bank of Nigeria is to set up a special intervention fund that will offer between N250bn and N300bn as a soft loan to the states to enable them pay the backlog of salaries.

The President also approved a debt relief programme proposed by the Debt Management Office, which would help the states to restructure their commercial loans with banks currently put at over N660bn to extend the life span of such loans and reduce the states’ debt servicing expenditures.

Your states are going to go $1,58 billion deeper into debt to pay for the $3 billion in debt they have.

So well done, you have managed to only HALVE your debt

You are still roughly $1,5 BILLION in the hole and with no way of paying that = BANKRUPT

ssaengine:
SAAF Hawk drops Umbani bomb kit (at 40 000 feet) 40 km away from target. Tails it to the target. On board Umbani footage as well. Pin point accuracy. Fvcken cool video. Got to love South African engineering


https://www.youtube.com/watch?v=zwbTabCqNsI

africandefence.net

Bwahahahahaa

This video finally proves my point, Guided Bombs have slow speed, we can all see it now clearly from South Africa's video evidence !

For a whole year, Patches and his gang of pirates have been arguing with me about Roland missile s.hooting down SAAF guided bomb Umbani.

The Southie fools and scientific dundees said the bomb has same speed as a Maverick missile, lots of lies about speed in vacuum or no vacuum, now we see the slow speed Umbani bomb/Al Tariq flying the way I said it will, slow, and going up and down to correct it's flight path like a yo-yo toy .....and it was struggling to focus track on a stationary target, yet they say it will hit a 60 km/hr moving vehicle that has AAA defences.

LOL, even a Shilka radar cannot will sh.oot down all SAAF guided snail speed bombs

Now compare Maverick missile speed and Al-Tariq/Umbani guided bomb speed....difference is clear o !



https://www.youtube.com/watch?v=zwbTabCqNsI


https://www.youtube.com/watch?v=HeLgLsM0eKg
.

ssaengine:


8000 combat sorties in what time span? And is this only for fixed wing jets?

Over 2,000 were combat jet sorties....about 36 NAF jets total. Super low crash rate, even USAF will envy NAF

Patchesagain:


You also left out:

Besides, the Central Bank of Nigeria is to set up a special intervention fund that will offer between N250bn and N300bn as a soft loan to the states to enable them pay the backlog of salaries.

The President also approved a debt relief programme proposed by the Debt Management Office, which would help the states to restructure their commercial loans with banks currently put at over N660bn to extend the life span of such loans and reduce the states’ debt servicing expenditures.

Your states are going to go $1,58 billion deeper into debt to pay for the $3 billion in debt they have.

So well done, you have managed to only HALVE your debt

You are still roughly $1,5 BILLION in the hole and with no way of paying that = BANKRUPT

You know nothing about how dividends work, you said it's budgeted income, and I proved that nobody can budget on dividends because it may never be paid in cash, it can be bonus shares issue....you are not educated enough to know that.

As to your other point, USA and Canadian federal government give loans to states, it's global Public finance practice, so Nigeria can do it....or you can say USA and Canada are bankrupt because they loan cash to states....Patches is a Domingo Durango
.

agaugust:


[s]Over 2,000 were combat jet sorties....about 36 NAF jets total. Super low crash rate, even USAF will envy NAF[/s]

No citation = into the trash it goes

agaugust:


[s]You know nothing about how dividends work, you said it's budgeted income, and I proved that nobody can budget on dividends because it may never be paid in cash, it can be bonus shares issue....you are not educated enough to know that.

As to your other point, USA and Canadian federal government give loans to states, it's global Public finance practice, so Nigeria can do it....or you can say USA and Canada are bankrupt because they loan cash to states....Domingo Durango[/s]
.

Thats not what I said

A dividend was issued

That money was used to bail you out

It could have been used for other things - those other things do not get money now.

Has the Presidents of Canada or the US said that they are broke?

Face it, $1,5 BILLION DOLLARS IN THE HOLE

agaugust:


Bwahahahahaa

This video finally proves my point, Guided Bombs have slow speed, we can all see it now clearly from South Africa's video evidence !

For a whole year, Patches and his gang of pirates have been arguing with me about Roland missile s.hooting down SAAF guided bomb Umbani.

The Southie fools and scientific dundees said the bomb has same speed as a Maverick missile, lots of lies about speed in vacuum or no vacuum, now we see the slow speed Umbani bomb/Al Tariq flying the way I said it will, slow, and going up and down to correct it's flight path like a yo-yo toy .....and it was struggling to focus track on a stationary target, yet they say it will hit a 60 km/hr moving vehicle that has AAA defences.

LOL, even a Shilka radar cannot will sh.oot down all SAAF guided snail speed bombs

Now compare Maverick missile speed and Al-Tariq/Umbani guided bomb speed....difference is clear o !



https://www.youtube.com/watch?v=zwbTabCqNsI


https://www.youtube.com/watch?v=HeLgLsM0eKg
.

Congradulations on proving that a Maverick missile is faster than a helicopter

and that the Al-Tariq (a glide bomb and not a JDAM) is as fast as a Jet

Dunce

Patchesagain:


That's not what I said

A dividend was issued

Stop telling lies, you said it was budgeted or earmarked for something else....

patches689:


Augustus

You have simply rerouted money that was earmarked for something else

That means that somewhere in your buget someone just lost out on $1,6 billion

And that is money to plug the hole

I will stop arguing with you on finance, you KNOW NOTHING
.

agaugust:


Stop telling lies, you said it was budgeted or earmarked for something else....



I will stop arguing with you on finance, you KNOW NOTHING
.

And I said budgeted where?

Tell me... do companies say they are going to issue a dividend and issue the dividend at the same time?

o wait! Here we go, a citation:

The money is sourced from recent Liquefied Natural Gas (LNG) proceeds to the federation account.http://www.vanguardngr.com/2015/07/unpaid-salaries-buhari-okays-n804-7b-lifeline-for-states/#sthash.7xUQ1kja.dpuf

O... and guess who owns the MAJORITY share in LNG... yes the Nigerian government.

Money was allready in your coffers... tell me, do you issually just ignore a billion dollars in your accounts? Do you not budget for income when a revenue stream you CONTROL is about to release revenue into your accounts?

What i know is:

1. Your President said you are broke
2. You are $1,5 BILLION in the hole

Patchesagain:


Al-Tariq (a glide bomb and not a JDAM) is as fast as a Jet

Post citation for speed of Al-Tariq....Hawk jet is 1,000 km/hr

#Disgraced Patches
.

agaugust:


Post citation for speed of Al-Tariq....Hawk jet is 1,000 km/hr

#Disgraced Patches
.

Why do I have to post a citation now? Because you misquoted me?

You are the one who just showed us a glide bomb is as fast as a jet and a rocket is faster than a helicopter

#TheFraudulentBuffoonDeomstratesHisIdiocyandFraudulentNature

jln115:

Uhm .....its an excuse!! If Nigeria was better, then there would be no Boko Harm! We are ranked higher than you because we are better than you fact!!

As for the White people thing , its not aimed at you, its more applicable to your other colleagues.

I just don't know how you call terrorism an excuse, I guess Isis is also an excuse, al shabab an excuse.,Taliban an excuse. ....

meanwhile Nigeria is HAPPIER than south Africa....we are ranked higher than you because we are better fact !!!

ddami:
I just don't know how you call terrorism an excuse, I guess Isis is also an excuse, al shabab an excuse...

meanwhile Nigeria is HAPPIER than south Africa....we are ranked higher than you because we are better fact !!!

South Africa is 55X better to live in than Nigeria

Pigs are happy in sh1t... does that mean it is nice to live in sh1t?

Patchesagain:


South Africa is 55X better to live in than Nigeria

Pigs are happy in sh1t... does that mean it is nice to live in sh1t?

redirect that question to those who rated us 4th Happiest in Africa.....
you don't know how amazing it feels to be a Nigerian irrespective of anything..... period..