BIAFRA EXIT FROM NIGERIA: A CALL TO DUTY

BIAFRA EXIT FROM NIGERIA: A CALL TO DUTY
ICHEOKU says the time has come and the time is now for the Indigenous Peoples of Biafra to be allowed to choose their self governance and exit from Nigeria going forward.. A referendum on the future of Biafra is a legitimate demand of the people and it is their right to so do. The people of the Nation of Biafra want to of their own way because of the hostilities from other member nations of Nigeria. Let the United Nations order a referendum and let the people decide in their own Biafraexit.

PLEASE WORLD: GIVE US BIAFRA

PLEASE WORLD: GIVE US BIAFRA
ICHEOKU says in unison, Biafrans stretch out their hands in demand of freedom to self govern themselves. ICHEOKU says it is every man's right to self governance and in a Biafran Nation we stand. Give us Biafra - BIAEXIT. Ekene. Shalom. Salute.

HAPPY BIAFRAN MEMORIAL DAY MAY 30TH.

HAPPY BIAFRAN MEMORIAL DAY MAY 30TH.
ICHEOKU says they can break the body but they can never overwhelm the soul and the spirit lives on until victory is achieved. On this day May 30th, survivors of that pogrom supervised by the genocidal maniac Yakubu Jackal Gowon and their descendants show immense gratitude to those who fought to preserve our identity as an indigenous people; as well as all those who paid the supreme sacrifice that we may live freely as Indegenious People of Biafra . ICHEOKU says the nation of Biafra is proud for what you accomplished and on this day pays their gratitude. Aluta Continua !

PDJT ISSUES VERDICT ON ISLAMIST TERRORISTS


"There can be no coexistence with this violence. There can be no tolerating it, no accepting it, no excusing it, and no ignoring it. Every time a terrorist murders an innocent person and falsely invokes the name of God, it should be an insult to every person of faith. Terrorists do not worship God; they worship death. If we do not act against this organized terror, then we know what will happen and what will be the end result. Terrorism's devastation of life will continue to spread, peaceful societies will become engulfed by violence, and the futures of many generations will be sadly squandered. If we do not stand in uniform condemnation of this killing, then not only will we be judged by our people, not only will we be judged by history, but we will be judged by God." - President Donald John Trump.


BBOB: BRING BACK OUR BIAFRA

ICHEOKU says it is worth fighting for, self determination and it is not a crime for a people to aspire for self governance. Indigenous Peoples of Biafra are marching forward and hopefully they will soon get to the promised land. Viva Biafra.
#BringBackOurBiafra.




"When two raging fires meet together, they do consume the thing that feeds their fury. Though little fire grows great with little wind, yet extreme gusts do blow out fire." - William Shakespeare, The Taming of the Shrew



WHAT REALLY MATTERS IN LIFE - STEVE JOBS

“I reached the pinnacle of success in the business world. In others’ eyes, my life is an epitome of success. However, aside from work, I have little joy. Non-stop pursuing of wealth will only turn a person into a twisted being, just like me. God gave us the senses to let us feel the love in everyone’s heart, not the illusions brought about by wealth. Memories precipitated by love is the only true riches which will follow you, accompany you, giving you strength and light to go on. The most expensive bed in the world is the sick bed. You can employ someone to drive the car for you, make money for you but you cannot have someone to bear sickness for you. Material things lost can be found. But there is one thing that can never be found when it is lost – Life. Treasure Love for your family, love for your spouse, love for your friends. Treat yourself well. Cherish others.” - SJ

EVIL CANNOT BE TRULY DESTROYED.

"The threat of evil is ever present. We can contain it as long as we stay vigilant, but it can never truly be destroyed. - Lorraine Warren (Annabelle, the movie)


ONLY THE POOR WISH THEY HAD STUFF?

“I’m not that interested in material things. As long as I find a good bed that I can sleep in, that’s enough.” - Nicolas Berggruem, the homeless billionaire.

Tuesday, February 23, 2016

NIGERIA SUFFERS AS DROP IN OIL PRICES EMPTIES COFFERS - BLOOMBERG



When Nigerian President Muhammadu Buhari came to power in May vowing to mend the economy, fight terrorism and end corruption, Kola Karim was upbeat. Oil prices had sunk, but Buhari's arrival made him believe his company still had a chance to prosper in Africa's biggest crude producer.
Shoreline Group, the third-biggest Nigerian oil and gas producer, decided to forge ahead with a $500 million Eurobond to expand drilling operations. Then prices fell below $50 per barrel last year. The bond sale was suspended.
One hope was to rely on income from Shoreline's construction and power-generation businesses. Except that the central bank's refusal to devalue the currency meant Nigeria was starved of foreign exchange, crimping business operations. Now, with prices hovering around $30 a barrel, Shoreline plans to cut 35 percent of its nearly 2,000 staff.
"It's a double whammy," Chief Executive Officer Karim, 47, said in his Lagos office, where two enormous bronze reliefs by artist Bruce Onobrakpeya leaned against the wall. "Getting dollars to bring in raw materials is very tough. If Nigeria was earning enough from its oil revenue, we wouldn't have that." 

Karim's struggle mirrors that of the wider Nigerian economy, Africa's largest. And his difficulties show the challenges faced by Buhari, a 73-year-old former general who ruled Nigeria as a military strongman from 1983 to 1985. His task when he came to office was to push Nigeria to reform. Now he must help it survive.
The government, which in 2014 relied on oil for two-thirds of revenue, can't pay many teachers or finance infrastructure projects. With the economy growing at barely half 2014's 6.3 percent, a recession can't be ruled out this year, according to Morgan Stanley. Nigerian stocks have fallen 16 percent since the end of December, the most in sub-Saharan Africa.
Buhari and central bank Governor Godwin Emefiele have imposed currency controls that encouraged capital flight and suffocated businesses dependent on imported supplies. Emefiele, with Buhari's backing, has pegged the naira for almost a year at 197-199 per dollar, even as major producers from Russia to Mexico and Canada have let their currencies slide. Dangote Group, Nigeria's largest company, has called the foreign-exchange situation "extremely tight."
This week, the black-market rate fell to a record 350 per dollar, 76 percent weaker than the official rate. Former central-bank governor Muhammadu Sanusi II in October told business leaders that Buhari and Emefiele were "in denial" over the currency. 
The president says critics will have to "work much harder" to convince him ordinary Nigerians will gain anything from a devaluation that foreign investors from Ashmore Group Plc to Investec Asset Management Ltd. think is inevitable. The central bank says a weaker currency would only accelerate inflation already at a three-year high of 9.6 percent.
"People were expecting the Buhari dividend and that never really materialized because of the policy inertia," said Ronak Gopaldas, a Johannesburg-based analyst at Rand Merchant Bank. "There's still the perception that currency has to be devalued. But you're getting this stubborn resistance at the top."
Buhari's spokesman Femi Adesina said the president and his government have already responded publicly to questions about economic management. 
"There is no perfect policy," Kayode Fayemi, minister of solid minerals development and former policy director of the ruling All Progressives Congress, said in a Feb. 8 interview. "We have an independent central bank and the central bank should do its job to convince the stakeholders" if a change in policy is needed.
Nigerian authorities say they realize they need to diversify the economy.
"For us, this is an opportunity," Emmanuel Kachikwu, a petroleum minister and head of the state oil company, said last month in an interview at the World Economic Forum in Davos, Switzerland.
Officials want to broaden the tax base by 5 million individuals and 500,000 companies this year, mostly by tightening enforcement. Nigeria's government-revenue-to-GDP ratio is about 8 percent, the second-lowest level in sub-Saharan Africa after war-torn Central African Republic, according to the International Monetary Fund. South Africa collects 29 percent; Kenya 20 percent.
The government says the tax measure, along with $9 billion of new borrowing from local and international investors and multilateral lenders such as the World Bank, will ensure the government can plug a fiscal deficit set to be a record $15 billion this year. Debt-service payments will be more than three times what is spent on education, and six times the expenditure on health.
Buhari can claim progress for his anti-corruption drive, said Cobus Claassens, managing director of security company Pilgrims Africa Ltd. The president has sacked executives at the national oil company and ordered the new management to clean it up, while starting probes into whether the last government siphoned off billions of dollars meant for the military fighting Islamist militant group Boko Haram in the northeast.
"Buhari is beating a drum that's scaring the living daylights out of every corrupt guy," Claassens said. "That doesn't stop them from being corrupt, but they're not so in-your-face. The offensive side of corruption -- extortion -- is dying out."
Some investors are also benefiting from gains made against Boko Haram, which has been dislodged from swathes of territory it held early last year.
Buhari "has opened the north up a bit more," Alex Kanellis, chief executive officer of PZ Cussons Plc, a U.K. soap maker that gets more than a third of its sales in Africa, said on an earnings call last month. "It's helping improve our distribution."
Still, the president's economic policies are worsening the pain caused by falling oil prices, says RMB's Gopaldas.
"The anti-corruption and security drives are positive, but they need to be matched with clear, unambiguous economic policies," he said. "At $30 a barrel, there's no getting away from the fact it's going to be really tough." - 

- An article by Chris Kay and Paul Wallace with assistance from Yinka Ibukun. 

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