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Politics / Re: Rochas Okorocha: Igbos Have Failed Politically by royal231(m): 10:20am On Apr 09, 2019
2023.. Is for igbos regardless of party.. Buhari will surely hand over to an igbo man


Study Buhari...

When the time comes he will face down and say it is for the igbos... Like he did when the former chairman was trying to recontest against Oshomole
Health / Re: Which Song Is The Best To Listen To While Waiting For Your HIV Test Result? by royal231(m): 10:20pm On Mar 29, 2019
Hiv wey dem don dey treat
Politics / Re: Tribunal Declares Ademola Adeleke Winner Of 2018 Osun Election by royal231(m): 6:00pm On Mar 22, 2019
Omisore don chop tinubu clean mouth...

Same way Akala chop am

1 Like

Properties / Re: Empty Plot Of Land On Adeyemi Street, OSHODI For Sale by royal231(m): 10:28am On Mar 22, 2019
We no dey buy again... now we buy our zones..

Make una buy do omonile ontop
Politics / Re: Buhari’s Granddaughters, Hadiza Bello's Children (Photos) by royal231(m): 9:36am On Mar 02, 2019
I for like marry one inside.. but we know as dem dey share their daughters there..

We know say northern big men pikin no dey marry commoner

Soon na former Ig police son go marry one inside


Better post the pics where dem dey.. Nairaland is for commoners

1 Like

Romance / Re: 500k Saved Up, Please Help A Brother With Some Ideas by royal231(m): 3:03pm On Feb 28, 2019
Don't mind them all... keep on doing whatever u were doing... and keep on saving..


With more savings comes more leverage and opportunities

1 Like

Politics / Re: Wife Beaters In Edo To Be Jailed For 2 Years As Governor Signs Bill Into Law. by royal231(m): 1:53pm On Feb 14, 2019
Wetin concern me.. If my wife Bleep up.. I go carry am go ondo or delta state beat am well....
Health / Re: .... by royal231(m): 12:42pm On Feb 10, 2019
Go test for leprosy first... Eliminate that aspect.. The symptoms u mentioned are for leprosy
TV/Movies / Re: Brodashaggi Can't Never Be Trust Or Have A Deal With. Watch This Videos Part 1&2 by royal231(m): 1:21am On Feb 06, 2019
Shaggy Don mad...
Politics / Re: Pictures From Atiku, PDP Campaign In Taraba State by royal231(m): 3:02pm On Feb 05, 2019
Where D pic

1 Like

Politics / Re: INEC Identifies 24 Inaccessible Polling Units In Yobe by royal231(m): 6:37am On Jan 31, 2019
After election if atiku win with a low margin apc go hold rerun for there.. Dey watch
Politics / Re: Danjuma, Other Christian Elders Reject Onnoghen’s Suspension, ACF Backs Buhari by royal231(m): 6:13am On Jan 31, 2019
Den Don wake up pray 5 am prayer begin dey comment like say Buhari no be despot..


Danjuma said the truth
Culture / Re: Traditional Rulers Storm Anambra For Abolition Of Osu, Others by royal231(m): 12:59pm On Dec 29, 2018
Full of hate.. when the time of our presidency comes.. all other tribes will make sure it comes to us..

Sure the contest will be against probably a yoruba man..


Look our politics is taking shape


Never say never



sogodihno:


u are foolish, likewise ur father. Yorubas is the only tribe in Nigeria that have equal proportion of Christian and Muslims, yet still live together in peace and Harmony.

At Least, we don't have Osu/caste system in our midst, where people are discriminated based on birth, yet they will be crying racism and ethnic bigotry and they treat some people as slaves in their midst.

foolish and wasted people, and these people want to be president of Nigeria. come and be president now. Nonsense.


And all this Yoruba Christian and Yoruba Muslim happen only on Nairaland, their is nothing like that here, am a Christian, yet I have Muslim in my family and we live together in peace. Bleep u
Crime / Re: Revealed: Boko Haram Set To Be Expelled From ISWAP-ISIS Network by royal231(m): 4:32pm On Dec 28, 2018
Which kain ISIS dey supply Boko haram weapons.. It's the Nigerian Army that supply Boko haram weapons..

Boko haram dont need Isis.. NA DEM BE D REAL ISIS

1 Like

Career / Re: 190 Policemen Abscond From Counter-insurgency Training by royal231(m): 3:36pm On Dec 26, 2018
Funny... If na to join police or army na northerners names go full... If na to fight bokoharam na southerners name go full to go die there.. Frm the list 95 percent were southerners... It didn't look good so its good they ran away... Ftc

377 Likes 36 Shares

Romance / Re: Slay Queens Bathed With Expensive Champagnes At Nigerian Club. See Reaction by royal231(m): 5:41pm On Dec 10, 2018
Na their pant men dey target
Politics / Re: Why Is Atiku Being Referred To As An IPOB Candidate In The North? by royal231(m): 9:50pm On Nov 04, 2018
Onyeara.com

jpphilips:

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 $90b in a $156.1b economy (57% 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.



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

1 Like

Politics / Re: PDP Has Officially Extended Invitation To Lagos Governor by royal231(m): 1:58pm On Oct 03, 2018
So you think apc will be in abuja 2019??

When jagaban is even clearly working against buhari

Dont worry.. your eye go clear






fergie001:

I understand...Lagos is peculiar....I have lived there almost all my life
The word PDP infuriates an average Yoruba in Lagos,am been sincere....am sorry,if I hurt anyone;but that's the truth ..
Jimi Agbaje is seen as someone close to late Funsho and is been identified with and not the party ....
The non-indigenes will naturally flow with PDP for obvious reasons....but Ambode will not want to risk the fury of the Abuja people....so why fight two enemies at the same time?
Ambode is likely to contest as he will be urged on,but going for PDP will be the building blocks of his 'political cemetery'....not necessarily because of Tinubu but because of 'Abuja'....I know what am telling you....
Crime / Re: Chimene Onyeri Sentenced To Life In Prison For Shooting A Judge In US by royal231(m): 1:50pm On Oct 03, 2018
Na we.. we get mind... we good pass still bad pass...


Make una hate
Politics / Re: Ambode Storms Out Of GAC Meeting - Vanguard by royal231(m): 11:13am On Sep 30, 2018
After killing opposition.. This is what you see where there are no opposition.. Ambode can do nothing because there is no opposition in Lagos...

This will get interesting... The other guy may win... But opposition will be much more in Lagos now... Pdp will surely have some seats in the state house.. And certainly some local governments


Then there will no more be jagabanism in Lagos...

Only if ambode knew... The opposition you suffocate today may be your succor tomorrow...
Politics / Re: Ikuforiji Accused Of Buying ADP Guber Form For Ambode, Evicted From GAC Session by royal231(m): 8:09am On Sep 25, 2018
Working against the lifeless.... as many worked against the clueless




Rexphobia:
The
handwriting on the wall becomes clearer and clearer by the day.
Politics / Re: Amaechi Fred O, Boko Haram Kingpin Arrested In Germany by royal231(m): 6:37pm On Jan 26, 2018
the idiot used boko haram to seek for asylum ... but he ended up implicating himself...
Forum Games / Re: Any Comment That Does Not Get A Like In 30 min Gets 1500 Naira Worth Of Recharge by royal231(m): 11:03am On Oct 27, 2017
Lucifer likers like my post please

3 Likes

Crime / Re: Eiye And Aiye Cultists Go On Rampage In Ekiti University, One Killed (graphic) by royal231(m): 5:51am On Oct 24, 2017
Wetin concern agbero with overload?�
Politics / Re: Anambra Elections: We Are Done With Production Of Voters Card - Inec by royal231(m): 8:44pm On Oct 23, 2017
No election

2 Likes

Politics / Re: 'We Are Sorry' – Nigerian Army Begs NUJ by royal231(m): 7:01am On Sep 13, 2017
No mind Dem... They should be ready to kill us all
Health / Re: Baby Born "Pregnant" In India Shocks Health Expert (PHOTOS) by royal231(m): 6:47am On Aug 02, 2017
GUYS IF UNA GIVE UNA GIRL BELLE MAKE UNA BEGIN DEY PLAY SAFE... COS BABIES WEY DEY BELLE NOW GET MIND.. THE BABY MAMA DEY COLLECT TYE BABY INSIDE BELLE DEY FOLLOW COLLECT..
Romance / Re: I Realized He Is Impotent Just On Our Wedding Night. by royal231(m): 6:47pm On Jul 04, 2017
3 yrs no b 3 days.. Think before u ask




2buffagain:
Now hold on, does he masturbate? Is he into porn?
When he does it, does his penis rise?

He might just need to go through a period of Not fapping to restore his virility.

Most times this is more psychological than it is physiological. His brain might not understand how to be aroused without those aids.

He also likely has Low-T. He should increase that by taking some doctor-guided supplements AND get into a manly gym activity like weight-lifting to increase his testosterone.

He should also do lots of pelvic thrusts to tighten his lower abs which connects to other muscles that support that side. At the end of the day, the penis is a muscle. The fitter you are overall, the better it works.

It is not the end of the road.


... In the mean time, what is stopping him from perfecting his tongue game? At this rate he needs to be slurping her up front and back (yes groceries) until she nuts to make sure she is properly taken care of. In fact, this alone makes many women satisfied more than just basic p*nile stabbing.

Nigerians can be so boring when it comes to sex sha.
Family / Re: Lecturer’s Wife Delivers Baby For Bricklayer Lover (pics) by royal231(m): 8:32pm On Jun 28, 2017
OTK tested bricklayer.. No be clear eye

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