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Showing posts from May, 2017

THE PEOPLE HAVE SPOKEN.

  TELEMMGLPICT000129162256-large_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQfyf2A9a6I9YchsjMeADBa08   The people have won again. Yes, Iranians voted on Friday, May the 19 th 2017   spoke with one voice, and that person is, wait for it, the incumbent President Hassan Rouhani.  This may surprise many but this man had and sure still has everything going for him, despite the fact that Ebrahim Raisi is a close associate of Supreme leader, Ayatollah Ali Khameni. For instance, incumbents have always won their second term since the mid 80’s. Secondly, he is a moderate cleric and appeals to the young and old alike. Third, he obtained a deal with the West. Further bridging the East-West gap. Under him sweeping economic reforms where introduced and new trade partnerships brought to the nation is definitely a forth which aided his profile amongst many voters. These feats are evident in the results. Rouhani won 22.8 million votes in Friday's hard-fought contest, com...

NIGERIA HAS NO BUSINESS BEING POOR.

This may not be believed by many even within Nigeria, but Nigeria is rich. The vast mineral resources that the nation is blessed with is a good reason for this. Now, what about the people. Despite the various ethnic nationalities within this federation, the massive population of 182.2 million as at 2015 estimates of the World Bank is quite impressive with the league of youths Nigerian earned 481.1 billion USD in GDP for the same period. A good factor to note is the depth and wealth of entrepreneurs in the country. According to Forbes individuals like Folorunsho Alakija with a total net of 1.72B USD, Mike Adenuga worth 6B USD and Aliko Dangote valued at 12.1 billion USD can reinvest in many spheres of the nation to boost more manufacturing productivity. In 2012, Nigeria's external debt was an estimated 5.9 billion USD and 5.6 trillion domestic naira - putting total debt at 44 billion USD.   And in April 2006, Nigeria became the first African country to f...