Opinion: Buhari and the Nigerian Foreign Exchange | By: Olalekan Waheed Adigun

The naira is known to have dropped against major currencies in recent times. Perhaps, this was why during the 2015 Nigerian presidential election, General Muhammadu Buhari was alleged to have made the point of “making the naira equal to the dollar.” He appeared to have been speaking against the backdrop of the depreciation of the value of the naira during the elections. It is just by mere announcements or campaign rhetoric that the naira will be made equal to the dollar?
Let us concede that the fall in the naira value during the elections can be due to the scramble for the dollar by politicians for the elections on the one hand; and the panic buying of travellers traveling out of the country for fear of violent reactions that might characterise the announcement of the result, we cannot wave off Buhari’s statement as a cheap attempt to score political point.
As Nigerian Head of State (1983-1985), Buhari was known to have run his regime based on strong fiscal prudence and rigorous financial discipline, which at that period the naira was said to be stronger than the US dollar. But is this just as simple as making the naira equal to the US dollar?
Since 1999, inflation rate in the country has been on the high. The near-total dependence on oil (which is usually dictated by the international market) hasn’t helped matters. The increase in domestic price of oil has also taken its toll on the national price level. All these put the naira in a weaker position against major foreign currencies.
Presently, Nigeria lacks the capacity to refine its own crude oil which makes her depend totally on importation. There is an argument that the presently devalued naira will only encourage exportation (of crude oil). In fact, this was exactly the same Bretton Woods institutions’ arguments, and their Nigerian supporters, in defence of the Structural Adjustment Programme (SAP) in the 1980s.
Lending credence to this argument was the International Monetary Fund (IMF) Czar, Christiane Largarde, who in early 2012 justified her position on devaluation of the naira with this argument. We were spoon-fed with this argument in elementary and intermediate Economics classes, yet it still appears to make a lot of sense. When will this child grow up?
If President Buhari is serious about strengthening the position of the naira against, say the dollar, his government must make deliberate policies to diversify the economy from oil dependence; increase its productive base through youth entrepreneurship, innovation; and stimulate demand for domestically-made goods.
Credit: Premium Times Nigeria 

'Get rid of your father'. Zlatan Ibrahimovic tells Odegaard.

Paris Saint-Germain star Zlatan Ibrahimovic has told 16-year-old Norwegian player Martin Odegaard that to become independent and successful in his career, he must cut ties with his father. 

Speaking to Swedish newspaper Aftonbladet, Ibrahimovic said, ‘It’s not easy to say, but he has a father that controls everything completely.‎ First he must grow up and become a man and then get rid of his father.’

He also hailed the youngster’s performance between Norway and Sweden, at the Ullevaal Stadion.
‘He did well, played straightforward and didn’t lose many balls.‎ He has a long time to get even better. It’s good that he’s already playing for his country.’ He stated. ‎

Odegaard who made a move from Stromsgodset to Real Madrid in January became the youngest debutant in the history of the club.

NASS Leadership: APC rejects Saraki, Dogara

The All Progressives Party (APC) has rejected the emergence of Bukola Saraki and Yakubu Dogara as Senate President and Speaker of the House of Representatives, respectively. ‎The elections which took place today June 9, 2015 at the Red and Green chambers have been deemed “unacceptable”.

A statement released by the party through its National Publicity Secretary reads: 

“Senator Bukola and Hon. Dogara are not the candidates of the APC and a majority of its National Assembly members-elect for the positions of Senate President and House Speaker. The party duly met and conducted a straw poll and clear candidates emerged for the posts of Senate President, Deputy Senate President and Speaker of the House of Representatives, supported by a majority of all Senators-elect and members-elect of the House of Representatives. All National Assembly members-elect who emerged on the platform of the party are bound by that decision.

”The party is supreme and its interest is superior to that of its individual members,” the statemtent concluded.



At What Point Does She Check Your Phone | By: Joseph Edgar

This is a million and one question. At what point should she check your phone. This was the question I threw at a group of guys. All married men, all cheating with very young and sweet nubile girls. The kind that the Emir of Daura and Oshiomole are married to.
Immediately that question came, they all screamed in unison. Face squeezed and the imagined physical pain from the expected slap on the face from a pained lover firmly etched on their ugly cheating faces. I looked round the table and saw a group of philanderers who will go to any length to cover their misdeeds.
They all looked at me, like I had just ran mad. Like I was overdosed on cocaine and all concluded that I must be out of my mind and as such I should head to the nearest MFM church for deliverance. Why would such a thought come into my head, let alone say it out. Your sweet young girlfriend going through your phone, you must really be crazy.
Kai, the contents of a philanderers phone, the naked pics from a new conquest, the picture of a shriveled and old penis laced with gray hair that was sent earlier in the night but has found its way to the outbox, the xrated chats with the young tea girl in the office. The one with the ass that could melt cold butter. Yes that one. The one your best friend and fellow cheat was staring at when he came to visit you. The chats asking for money to embark on the fourth abortion from the hapless housemaid, the one related to your wife and the one you saw your son trying to touch the other day. 
The phone of a cheat, is deadlier than a hurriedly prepared bomb by the heartless Boko Haram. That bomb would kill twice as many people as the most deadly bomb thrown by those bastards. It is that phone that a young and sweet virgin wants to play a game on. She ask for the phone and with a sweaty hand, the cheat hands the phone over. With sweaty shaky hands, he drops the phone and immediately starts reciting the psalms hoping that for once, the psalmist would intercede on his behalf making the sweet young girl concentrate in her childish foley instead of going through more mature endeavors like the picture gallery. 
The conversation immediately moves to the how. The how to keep the phone away from the wife, the young sweet thing and the housemaid. With fear and sweaty dirty faces, the group conspires and exchange ideas. Have two phones, pull the battery as you approach home, delete all be contacts as you get near her, throw the phone into the nearest lagoon, change all female names to male names, put the phone on silent, lock it up in the car booth and never take it home, give it to the driver and finally don’t even have one. 
In their panic, the thought to change their ways never crossed their minds but instead stories of near misses and embarrassment in the hands of the wife, sweet young thing and housemaid get exchanged. At the end of the evening, the drinks remained untouched, the sweet young thing stayed alone in the paid for room, her host and paramour, distracted and hobbled in fear has lost his libido and rather stays with his group of fools to further share this fear and seek comfort in the midst of castrated predators. 
Finally, they all stand up, walk towards their cars and like arrested coup plotters drive ever so slowly home. Pictures of disgrace, smashed egos, depressed libidos continue to cascade in their tired brains leading to vows of celibacy to avoid imminent guillotine. 
But seriously, should she go through your phone? Your wife, the sweet young thing, the house maid? Should she go through your phone?  Na who I dey ask. ‎
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Joseph Edgar is an investment banker who writes as a hobby. He comments on trending issues in Nigeria and around the globe from a satirical point of view. He blogs at josephedgarng.blogspot.com
Photocredit: shutterstock.com

Jack Wilshere reacts to his FA charge.

Arsenal midfielder Jack Wilshere who just got charged by the FA following his anti-Tottenham chanting during his club’s FA Cup victory parade has described his punishment as harsh. Speaking to mirror.co.uk, the 29 year-old said: 
“Yes, that’s one way of looking at it, but at the same time people have been giving me a lot of stick for having some fun and enjoying myself at the end of the season. We’ve worked hard all year and we’ve won a trophy. That’s the best feeling in the world. No matter what job you do, if at the end of the year you get a promotion and a bonus, you’re going to go out and celebrate. So I think that side of things was a bit harsh. I am quite proud of always having had that bond with the Arsenal fans since I was young because I came through the club.

“I grew up at Arsenal and I love the fans, but believe it or not, I’ve actually got family who are Tottenham fans so it’s nothing
personal against them, it was just a bit of fun. I found out about the charge when I met up with England. One of the press officers told me. It was a surprise. I didn’t know I’d been charged so I was like, ‘what?. It’s being dealt with by the FA and my club. What will be, will be.”

Cuties! David Luiz and Thiago Silva's lookalikes spotted again.

Remember Lyan and Murilo, David Luiz and Thiago Silva’s lookalikes whose picture went viral during the World Cup last year? The cute kids were spotted last night again.
Accompanied by their mums to the game between Brazil and Mexico, they stood with the Brazil squad for the national anthem. Brazil beat Mexico 2-0.

Police seize Cristiano Ronaldo's mum's cash.

This gist is a bit belated, I learnt it happened in May. Spanish media, El Mundo reported that Maria Dolores dos Santos Aveiro,the mum to World best footballer, Cristiano Ronaldo was stopped 
stopped by the police in Madrid’s Barajas airport few weeks back for stacking €55,000 cash in her luggage.
Now, the Spanish law forbids passengers to travel with more than €10,000. During interrogation, she was unable to explain how she came about the cash and what it was for? The police were left with no option than to seize extra €45,000 from her. meaning she collected €10,000 and continued her journey.
El Mundo, gathered that she will now have to answer questions from the Spanish tax authority about the seized money.
 

Photos from Barcelona's FC's treble street parade.

Spanish football club, Barcelona had a spectacularly beautiful season clinching three trophies; La Liga, Copy Dey Rel and Champions League. Above are pictures of the players, fans and coach celebrating the well deserved victory. The street parade kicked off at the club’s stadium, Camp Nou.

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