kaboninc:




[size=13pt]That was you PassingShot...on fire! [/size]

[size=13pt]Here, earlier today.....on ice, [/size]

Whynotthetruth:



I quoted this because I am allergic to lies... Kindly answer these questions;

[size=14pt]1)Why did our rice import reduce?[/size]

[size=15pt]2)Why did our general food import cost reduce?[/size]

[size=16pt]3)Why did inflation not rise as it did in Russia, Venezuela etc during oil price recession?[/size]

MizMyColi:


smh
At least whynotthetruth has schooled you more.

Yet, you keep telling me and carrying around the thought that I hate PMB, meanwhile, you do Jonathan no less.

Even Leadership newspapers lauded Jonathan on his Economic achievements
http://www.leadership.ng/opinions/409451/fair-jonathan-economy

Next time, before you accuse me of beefing or hating Buhari, please look in the mirror.

kaboninc:



Okotv, Okotv, Okotv....I like you oh because we have someone in common.

Biko, don't behave like PassingShot....

PassingShot:

Ol boy, stop fooling yourself further. [size=18pt]ECA is not a component of Foreign Reserves.[/size] I provided you the components of FR from CBN.

You're just too dull to debate with facts and evidence. Just do the needful if the devastating effects of the election loss have refused to go.

Time for better thing for me already.

Ownership Structure of Nigeria’s External Reserves
Nigeria’s external reserves comprise of three components namely, the federation, the federal government and the Central Bank of Nigeria portions. The Federation component consists of sterilized funds (unmonetized) held in the excess crude and PPT/Royalty accounts at the CBN belonging to the three tiers of government. This portion has not yet been monetized for sharing by the federating units. It is sometimes ignorantly referred to as the reserves of the country. The Federal Government component consists of funds belonging to some government agencies such as the NNPC; for financing its Joint Venture expenses, PHCN and Ministry of Defence; for Letters of Credit opened on their behalf, etc. The CBN portion consists of funds that have been monetized and shared. This arises as the Bank receives foreign exchange inflows from crude oil sales and other oil revenues on behalf of the government. Such proceeds are purchased by the Bank and the Naira equivalent credited to the Federation account and shared, each month, in accordance with the constitution and the existing revenue sharing formula. The monetized foreign exchange thus belongs to the CBN. It is from this portion of the reserves that the Bank conducts its monetary policy and defends the value of the Naira.
http://www.cenbank.org/Intops/ReserveMgmt.asp

PassingShot:



[size=16pt]1. FR or External Reserve has ownership structure of the federation (i.e. the states), FG and CBN[/size]

[size=16pt]2. The federation = funds held in excess crude and PTT/Royalty accounts at CBN[/size]

We can easily deduce that:

[size=18pt]1. The FR is owned composed of funds belonging to the three tiers of government and the CBN. [/size]
[size=18pt]2. The portion of the federation is held in the excess crude and PTT/Royalty accounts at CBN.[/size]

Ownership structure is what is being addressed in the portion you guys hold on to.

Components of the FR is clearly listed as I have posted here already.

okotv:
If all you said happened then why didn't the common man benefit

And not everyone that disagrees with the past government is a lier or an APC member. I have lost my right to vote and so I don't belong to any political party.

kaboninc:



Okotv, Okotv, Okotv....I like you oh because we have someone in common.

Biko, don't behave like PassingShot....

okotv:
the question is 'did it affect the common man'

PassingShot:

The PassingShot that helped in retiring his NL god. The PassingShot they love to hate as a result of that loss.

MizMyColi:


Which common man didn't benefit?

I can attest to the rice reduction.
Was it not on the lips of everyone during last Christmas that rice wasn't expensive as before.

You lot expect everyone to fall in line and support GMB even when he hasn't grown legs or given us any reason to.

Yet, common admitting the good efforts of the man GEJ in areas where we see results, you can't.

Always looking for a way to bring the man down and rubbish him entirely.

Put my words on marble...for every 5 achievements of Buhari in this dispensation, 4 has the hands and imprint of GEJ on them.


You lot sow so much hatred on the person of Jonathan and expect goodwill for Mr Buhari.
This is karma at work here, you don't sow corn and expect to reap cassava.

In Ibo land, we call it IMPOSSICANT!

MizMyColi:


Which common man didn't benefit?

I can attest to the rice reduction.
Was it not on the lips of everyone during last Christmas that rice wasn't expensive as before.

You lot expect everyone to fall in line and support GMB even when he hasn't grown legs or given us any reason to.

Yet, common admitting the good efforts of the man GEJ in areas where we see results, you can't.

Always looking for a way to bring the man down and rubbish him entirely.

Put my words on marble...for every 5 achievements of Buhari in this dispensation, 4 has the hands and imprint of GEJ on them.


You lot sow so much hatred on the person of Jonathan and expect goodwill for Mr Buhari.
This is karma at work here, you don't sow corn and expect to reap cassava.

In Ibo land, we call it IMPOSSICANT!

PassingShot:

Look at the eediot talking of venom when the fact is he started the foul words as he usually does!

Your fellow foolish comrade did his earlier on. It will only take any intelligent small boy like to scan through and see who started using the foul language but since you're as unintelligent as he is, the task is too much for you.

The loss at the polls is definitely responsible for your miserable life but guess what, we don't care.

You can do the needful. I am done with dolts.

okotv:
If all you said happened then why didn't the common man benefit

And not everyone that disagrees with the past government is a lier or an APC member. I have lost my right to vote and so I don't belong to any political party.

MizMyColi:


Which common man didn't benefit?

I can attest to the rice reduction.
Was it not on the lips of everyone during last Christmas that rice wasn't expensive as before.

You lot expect everyone to fall in line and support GMB even when he hasn't grown legs or given us any reason to.

Yet, common admitting the good efforts of the man GEJ in areas where we see results, you can't.

Always looking for a way to bring the man down and rubbish him entirely.

Put my words on marble...for every 5 achievements of Buhari in this dispensation, 4 has the hands and imprint of GEJ on them.


You lot sow so much hatred on the person of Jonathan and expect goodwill for Mr Buhari.
This is karma at work here, you don't sow corn and expect to reap cassava.

In Ibo land, we call it IMPOSSICANT!

kaboninc:


My brother, you misunderstand me......

I don't hate you. I just hate the fact that you hate yourself!

okotv:
I detest emotional blackmail. I don't care if you 'hate' (a very strong word) or detest buhari as am not him neither is he my father.

PassingShot:

GEJ is history no matter how painful and difficult it is to admit.

He was an all-round failure. Stop appealing to emotions and pity. His term ended on May 29th, 2015.

We don't expect any goodwill from your likes for Buhari. Those who are with him are more than those of you against him.

The comrades you rely on for support cannot help you much because they're as empty as GEJ. Get over it already.

Gloves off!

[size=14pt]iGnored[/size]

kaboninc:


Simple question requires simple answer.

How much did you buy a bag of rice in December?

How much do you usually buy a bag of rice in December?

MizMyColi:
[s][/s]

[size=14pt]iGnored[/size]

Whynotthetruth:


I didn't call you a liar or APC member...Read my post again plz...

Kindly answer my questions above maybe it will help you understand more...Common man benefited and it would have been worse if it wasn't for those smart ideas and innovations ...

PassingShot:

GEJ is history no matter how painful and difficult it is to admit.

He was an all-round failure. Stop appealing to emotions and pity. His term ended on May 29th, 2015.

We don't expect any goodwill from your likes for Buhari. Those who are with him are more than those of you against him.

The comrades you rely on for support cannot help you much because they're as empty as GEJ. Get over it already.

Gloves off!

okotv:
Stop now. Haba, where did you see the price of rice reduce ? A little link would do not forgetting that the rice project was a farce cause our porous borders helped in sabotaging it. I know how much unaccounted for rice was smuggled in with the help of our border officials.

I don't hate Jonathan neither do I like him as he sent my superiors to war front without adequate war weapons. They died and as we speak a lot of their family members are still suffering from the effect of losing the major breadwinners.

You can still go over all my post on this social media and if you see anyone where I openly castigated the person of Jonathan, call my attention to it. I don't like classification.

PassingShot:
[s][/s]
Jega mode activated here too

Better

MizMyColi:


Did you quote me yesterday or not to ask me why I keep beefing the ruling party?
Don't tell me anything about emotional blackmail....
If I truly am, then I am learning from you guys and fastly so.

Next time, before you point a finger, take look in the mirror and see how many pointing at you.

okotv:
And where did the bag of rice come from Those planted here or those smuggled in ? Remember no one accounts for smuggled products and rice price never reduced.

okotv:
I am not running away bro. If all you said really happened then why didn't the common man benefit or why then would we diversify if not to benefit the masses ?

MizMyColi:


You are a closet Jona hater.
That much is evidenced in your response to his economic achievements s outlined by WNTT and I.

okotv:
I thought you took that as a joke and I meant it that way.

And I belong to no particular party as my career makes me loyal to those in power.

kaboninc:


HAN HANNNNNN.....you live in LARgos nau.....

These rice were farmed, cultivated, harvested, milled and processed, then bagged here in Nigeria. Most of the rice you see today in the market are local rice.

GOOGLE G GLE (OJUKOKO) is YA FWIEND!

Whynotthetruth:


Maybe your idea of benefiting the common man is for you to wake up and see free food at your doorstep or go to market and buy bag of rice for #100

Do you know what would have happened to cost of living if inflation was not controlled thanks to those diversification... Have you read about the Zimbabwe experience?

okotv:
Are you saying the rice I eat that on the sack is written produced in Thailand, Taiwan and China is bagged in Nigeria ?

Whynotthetruth:


Maybe your idea of benefiting the common man is for you to wake up and see free food at your doorstep or go to market and buy bag of rice for #100

Do you know what would have happened to cost of living if inflation was not controlled thanks to those diversification... Have you read about the Zimbabwe experience?