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Blog of Opportunities and information for more empowerment.
Tuesday, January 26, 2016
Friday, January 8, 2016
I WON’T GIVE NIGERIA ANY LOAN, IMF BOSS TELLS BUHARI
The Managing Director of the International Monetary Fund, Christine
Lagarde, on Tuesday said given the determination and resilience so far
displayed by President Muhammadu Buhari and his team, Nigeria does not
need any loan from her organisation.
Lagarde who is currently on a four-day visit to Nigeria said she is
not in the country to negotiate loans with conditionality.
The IMF boss spoke with State House correspondents shortly after holding a closed-door meeting with Buhari; Vice President Yemi Osinbajo; and some key ministers inside the Presidential Villa, Abuja.
Others who attended the meeting included the Minister of Finance, Kemi Adeosun; Minister of Budget and National Planning, Udo Udoma; Minister of Transportation, Rotimi Amaechi; and Minister of Works, Housing and Power, Babatunde Fashola, among others.Lagarde said although Nigeria did not need IMF loan, fiscal discipline is needed for the country to be sustainable.
She said, “Let me make it clear that I am not here (in Nigeria) nor is my team in this country to negotiate a loan with conditionality.
“We are not into programme negotiations and frankly at this point in time, given the
determination and resilience displayed by the President and his team, I don’t see why an IMF programme will be needed.
“So of course, discipline is going to be needed, of course, implementation is going to be key
for the objectives and the ambitions to serve the country well, in order for it to be actually sustainable.”
Lagarde who is currently on a four-day visit to Nigeria said she is
not in the country to negotiate loans with conditionality.
The IMF boss spoke with State House correspondents shortly after holding a closed-door meeting with Buhari; Vice President Yemi Osinbajo; and some key ministers inside the Presidential Villa, Abuja.
Others who attended the meeting included the Minister of Finance, Kemi Adeosun; Minister of Budget and National Planning, Udo Udoma; Minister of Transportation, Rotimi Amaechi; and Minister of Works, Housing and Power, Babatunde Fashola, among others.Lagarde said although Nigeria did not need IMF loan, fiscal discipline is needed for the country to be sustainable.
She said, “Let me make it clear that I am not here (in Nigeria) nor is my team in this country to negotiate a loan with conditionality.
“We are not into programme negotiations and frankly at this point in time, given the
determination and resilience displayed by the President and his team, I don’t see why an IMF programme will be needed.
“So of course, discipline is going to be needed, of course, implementation is going to be key
for the objectives and the ambitions to serve the country well, in order for it to be actually sustainable.”
She said the IMF believed that with clear primary ambition to support
poor Nigerians, there could be added flexibility in the monetary
policy, particular if oil price slumped for longer period as expected.
She said the organisation’s position was that Nigeria should not deplete its reserves simply because of rules that would be exceedingly rigid.
While saying that she was not suggesting that rigidity be totally eliminated, the IMF boss argued that some degree of flexibility would be enough.
Ladarge observed that since her last visit to Nigeria four years ago, the country had witnessed a number of changes in the areas of democracy and economy.
She noted that Nigeria had become the largest economy in Africa, the most populated and with a very attractive market.
She however regretted that things have changed in a more complicated way in the sense that the source of revenue to the government of which was predominantly oil had seen its price reduced by more than half.
She also noted that the financing cost around are beginning to rise only because the economic situation in the United States has improved and interest rates will begin to rise.
On her meeting with Buhari, Lagarde said she and her team had excellent discussions with the President and they discussed the challenges ahead stemming from oil price reduction.
She said the organisation’s position was that Nigeria should not deplete its reserves simply because of rules that would be exceedingly rigid.
While saying that she was not suggesting that rigidity be totally eliminated, the IMF boss argued that some degree of flexibility would be enough.
Ladarge observed that since her last visit to Nigeria four years ago, the country had witnessed a number of changes in the areas of democracy and economy.
She noted that Nigeria had become the largest economy in Africa, the most populated and with a very attractive market.
She however regretted that things have changed in a more complicated way in the sense that the source of revenue to the government of which was predominantly oil had seen its price reduced by more than half.
She also noted that the financing cost around are beginning to rise only because the economic situation in the United States has improved and interest rates will begin to rise.
On her meeting with Buhari, Lagarde said she and her team had excellent discussions with the President and they discussed the challenges ahead stemming from oil price reduction.
Brian McFadden Heartbroken model Vogue Williams says her life is in turmoil after Brian McFadden marriage split
The 30-year-old said she had always dreamt of being a wife
and mother but following her split from the singer she feels like all
her hopes have been dashed.
Tuesday, January 5, 2016
Dangote Settles Olamide & Donjazzy Beef, As Olamide Prostrates Before Don- Laila
How Olamide Prostrated Before Don Jazzy After Aliko Dangote Made Them End Beef
Nigerians were shocked 3 days ago when Olamide and Don Jazzy had a big fallout at the Headies 2015 while on Live International TV, and the fight spilled over to Twitter and made a bloody mess.
Fast forward to two days later, a huger, bigger surprise lay in wait. The two super icons at the same time on Instagram and Twitter, released a photo along with a statement that said they had reconciled.
Their fans and colleagues were excited but if you re among those who have been wondering how this reconciliation happened, I’ve got the gist for you.
Africa’s richest man, Aliko Dangote was the brain behind the reconciliation. No, Vic O wasn’t
involved either.
I’m told that the picture we all saw of Olamide & Don Jazzy shaking hands was taken at Aliko’s place. Aliko Dangote stepped in for there to be peace. I’m also told that Olamide prostrated himself for Jazzy. Yes, my guy was shocked too when Olamide did that. All thanks to Dangote.
I’m told Jazzy has been angry since the incident happened, infact he wasn’t even talking to people.
He was angry especially because Olamide did something similar last year when Reekado Banks got the Headies 2014 Rookie award.
If you recall, the undisputed street King went on stage to receive his award at the 2014 Headies and while giving his speech for the “Best Rap Album of the year ”, he clearly stated his displeasure for the omission of his Label mate and protege “Lil Kesh” in the Rookie of the year Category, the category which was won by Mavin’s Reekado Banks.
Olamide took the mic said some stuff in Yoruba and then added “I dedicate this award to my nigga “Lil Kesh” for the Rookie of the year , Bleep that sh*t” and then returned the mic.
Fast forward to 2015, my source says everybody that was sitting next to Jazzy was sad Olamide did what he did. I hope you know Olamide and Tiwa did a song together on her recent album plus Teebillz, Tiwa’s husband, I’m told, really loves and respects Olamide. I’m told the video of the song has not been finished sef, Olamide’s part has not been done sef.
People were not just happy that Olamide conducted himself in such a manner. That was why Jazzy said all he said on the podium. He had been pushed to the wall.
Olamide, you all already know, destroyed things back in Headies’ green room. I’m now exclusively told he also punched someone.
Anyways… Dangote called Jazzy, got Olamide’s number from him and then he called both parties to his house for the settlement.
And, EVERYONE is cool now sha.
My source says Reekadobanks will release a new single this January. His label did not expect to win Headies’ Next Rated.
Nigerians were shocked 3 days ago when Olamide and Don Jazzy had a big fallout at the Headies 2015 while on Live International TV, and the fight spilled over to Twitter and made a bloody mess.
Fast forward to two days later, a huger, bigger surprise lay in wait. The two super icons at the same time on Instagram and Twitter, released a photo along with a statement that said they had reconciled.
Their fans and colleagues were excited but if you re among those who have been wondering how this reconciliation happened, I’ve got the gist for you.
Africa’s richest man, Aliko Dangote was the brain behind the reconciliation. No, Vic O wasn’t
involved either.
I’m told that the picture we all saw of Olamide & Don Jazzy shaking hands was taken at Aliko’s place. Aliko Dangote stepped in for there to be peace. I’m also told that Olamide prostrated himself for Jazzy. Yes, my guy was shocked too when Olamide did that. All thanks to Dangote.
I’m told Jazzy has been angry since the incident happened, infact he wasn’t even talking to people.
He was angry especially because Olamide did something similar last year when Reekado Banks got the Headies 2014 Rookie award.
If you recall, the undisputed street King went on stage to receive his award at the 2014 Headies and while giving his speech for the “Best Rap Album of the year ”, he clearly stated his displeasure for the omission of his Label mate and protege “Lil Kesh” in the Rookie of the year Category, the category which was won by Mavin’s Reekado Banks.
Olamide took the mic said some stuff in Yoruba and then added “I dedicate this award to my nigga “Lil Kesh” for the Rookie of the year , Bleep that sh*t” and then returned the mic.
Fast forward to 2015, my source says everybody that was sitting next to Jazzy was sad Olamide did what he did. I hope you know Olamide and Tiwa did a song together on her recent album plus Teebillz, Tiwa’s husband, I’m told, really loves and respects Olamide. I’m told the video of the song has not been finished sef, Olamide’s part has not been done sef.
People were not just happy that Olamide conducted himself in such a manner. That was why Jazzy said all he said on the podium. He had been pushed to the wall.
Olamide, you all already know, destroyed things back in Headies’ green room. I’m now exclusively told he also punched someone.
Anyways… Dangote called Jazzy, got Olamide’s number from him and then he called both parties to his house for the settlement.
And, EVERYONE is cool now sha.
My source says Reekadobanks will release a new single this January. His label did not expect to win Headies’ Next Rated.
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