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Nairaland Forum / Nairaland / General / Politics / S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie (16458 Views)
Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) / Newswatch Magazine Headline About Buhari And PTF: Throwback / Budget: South-West Gets Lion’s Share Of Projects (2) (3) (4)
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S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by PassingShot(m): 12:25pm On Feb 12, 2015 |
Contrary to the perceived lopsided siting of the intervention projects executed by the defunct Petroleum (Special) Trust Fund (PTF) in certain geo-political zones, the South-South zone got the lion’s share of the projects under the leadership of the former head of state and presidential candidate of the All Progressives Congress (APC) Gen Muhammadu Buhari. This development and other disclosures were contained in a document obtained by LEADERSHIP last night. The PTF was an intervention initiative put in place by the late Gen Sani Abacha regime which was operated between 1995 and 1999 to invest in socio-economic infrastructure – including in road transportation and waterways, water supply, food supply, health and education – the gains that would accrue from a new pricing regime for petroleum products introduced in October 1994, from N3.25 to N11 per litre, an increase of N7.75 per litre. During the four years of its operation, the resources available to the PTF, according to findings, represented less than 10 percent of the nation’s budget. From its inception in May 1995, and more particularly from January 1996 when it received its first disbursement, the PTF worked diligently in the execution of its mandate through its programmes, with an objective of resuscitating the nation’s collapsing social services and deteriorating infrastructure. According to findings, a working formula was adopted by the Fund that recognized three categories of projects and allocated funds available to them: federal projects, 48.5%; state projects, 50% and FCT direct allocation, 1.5%. The state project funds in turn were allocated to respective states/zones using a set of criteria that gave consideration to equity, population, land/water mass, terrain difficulties and needs assessment. The location and coverage of the PTF programmes and projects were designed to carefully fulfill these criteria. In terms of allocations made to fund PTF projects as at May 1999, out of an estimated total of 187 billion Naira to all projects and programmes, about 56.5% was committed on projects in Zones 1 (South West), 2 (South East) and 6 (South South), i.e. the zones in the south of the country. Zones 3 (North West), 4 (North East) and 5 (North Central) had a combined allocation of about 43.5%. Indeed, in terms of difficulties in natural terrain, the projects in Zone 6 (the South South), such as road construction, were the most capital intensive. The highest zonal commitment was on capital projects in this zone, with 26.2%. In terms of actual disbursements to projects by May 1999, 52% of all disbursement was made in respect of projects in Zones 1 (South West), 2 (South East) and 6 (South South). Shortly before the inauguration of President Olusegun Obasanjo, Buhari submitted his resignation from the Board of the Fund. The rest of the Board of Trustees effectively became dissolved at the point of scrapping the body, in late June 1999. http://leadership.ng/news/411492/ssouth-got-lions-share-of-ptf-projects-under-buhari 27 Likes 6 Shares
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Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by babs01(m): 12:28pm On Feb 12, 2015 |
Sai baba 74 Likes 1 Share |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by rozayx5(m): 12:28pm On Feb 12, 2015 |
am yet to see a PTF project here in Uyo, still searching for one anyway GEJ the mega Don till 2019 48 Likes 4 Shares
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Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by PassingShot(m): 12:30pm On Feb 12, 2015 |
lalasticlala seun ishilove May I request you to promote this thread to the front page. People need to know the truth. It's an eye-opener for me too. 22 Likes 1 Share |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Nobody: 12:35pm On Feb 12, 2015 |
Wow dat's good tho anyway Click like for GMB Click share for GEJ 186 Likes 5 Shares |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by aorta(m): 12:36pm On Feb 12, 2015 |
wow 1 Like |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by omenka(m): 12:40pm On Feb 12, 2015 |
PassingShot:We all know that 99% of the things that are being said about Buhari are all a tissue of lies actively propagated by PDP and her online minions. 57 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Burger01(m): 12:42pm On Feb 12, 2015 |
Sai BUHARI Joor. 33 Likes 2 Shares |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by sleekp1: 12:42pm On Feb 12, 2015 |
[size=18pt]CHECK THESE FACTS[/size] How Buhari Skewed PTF Projects in Favor of His Northern Zone- By Afenifere 90% of Nigeria's wealth comes from the SS and this dictator working with another dictator stole our resources to better his people only to twist the facts 20yrs later, who will buy this bullcrap? We in the SS are waiting for Leadership newspaper to point to us where these projects are located. Meanwhile we want fresh air in the SS, Buhari and leadership newspaper can kiss my a.s.ss. [size=18pt] Leadership newspaper is owned by APC presidential aspirant Sam Ndah-Isaiah[/size] www.nairaland.com/attachments/2117692_freshair_gif8314145a2e711a494c07cd0f47fd29d5 65 Likes 3 Shares |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by kessluvall(f): 12:42pm On Feb 12, 2015 |
Superstory won't accept this wack script from the opposition party. Show us evidence. 13 Likes 1 Share |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by DrPrickson: 12:42pm On Feb 12, 2015 |
Lies for the pit of hell. Am yet to come across any PTF projects in Port harcourt or Warri. Even if they exist ( I haven't seen ), they are not noticeable at all. Compare to what we see up north. The Sai buhari has been raping Niger delta resources from ages past. Come to think of it, Even the yorubas hail this man as "sai buhari". Is there no appropriate yoruba word to hail him? If this isn't Slave mentality . 24 Likes 2 Shares |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by MrNairaland: 12:43pm On Feb 12, 2015 |
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Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by laprince(m): 12:43pm On Feb 12, 2015 |
Lie. matured one for that matter 8 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by DIVINE78: 12:43pm On Feb 12, 2015 |
The truth is finally out with facts and figures unlike the beer parlour gists saTANoids mouth around. Sai Buhari Sai Osinbajo. I polished my PVC this morning. 30 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by dridowu: 12:43pm On Feb 12, 2015 |
I am for peoples General , what about you ? #ihavedecided 27 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by kennosklint(m): 12:43pm On Feb 12, 2015 |
hw does dat stops Gej 4rm rulin second tenure 12 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Deen4me(m): 12:44pm On Feb 12, 2015 |
And the Truth shall set you free Even though its bitter 13 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Nobody: 12:44pm On Feb 12, 2015 |
GMB is a very good man. his track records is there for all to see no wonder PDP is having sleepless nights because they know people love the General so much and he'll be the next Presido Baba4life!! 14 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Owliver(m): 12:44pm On Feb 12, 2015 |
Click like if you smell lies. 31 Likes 1 Share |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Fesomu(m): 12:44pm On Feb 12, 2015 |
Whatever goes up most come down @ pdp .. My own believe is that if buhari is destined to become president again, he surely will..no matter how much intimidation he gets from jonathan.. Power belongs to God.. Instead of all dis politicians to live life like its gonna end tomorrow, dey are busy doiing asive they are gonna live forever .. 2 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Ask4bigneyo(m): 12:45pm On Feb 12, 2015 |
In GEJ"c Voice... You people have been shouting "Change" "Change" and INEC Changes the election date... What else do you want? 5 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by MRLINGTON(m): 12:45pm On Feb 12, 2015 |
Feels good knowing that he did well... For things like this to continue We must March on with Buhari/Osinbajo Make your PVC proud Vote for Change u can see# Buhari won't just give us fresh air but good life #APChange 13 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Owliver(m): 12:45pm On Feb 12, 2015 |
Owliver:click like if you think I just want likes 3 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by dre11(m): 12:45pm On Feb 12, 2015 |
This is getting interesting #Ihavedecided I can't be fool again 4 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by alaoeri: 12:45pm On Feb 12, 2015 |
GMB Nigeria next president. 10 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by free2ryhme: 12:45pm On Feb 12, 2015 |
this is a real report APC gives concrete information... 2 Likes |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by lawrencemleopo: 12:45pm On Feb 12, 2015 |
ok |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Kenai: 12:45pm On Feb 12, 2015 |
The type of dumb, cooked-up figures that can only sell among the APC and their pack of illiterate followers who have long concessioned their brains to their overlords. Similar to the lies about their Buhari building 4 refineries until it was exposed that the man did absolutely nothing of the sort. If the hack journalist who concocted this fable wishes to be taken seriously, he should kindly list the so-called PTF projects built by Buhari in those regions. I remember a Nairalander named Collynzo9 once created a thread asking Buhari's supporters to list the structures built by Buhari in the East, and none of his internet zombies (Obiagelli, Berem, Egift, OrlandoOwoh or Rawani) could make a single coherent post that day. The said thread is still on Nairaland for all to see. You creatures need to wake up from your slumber and realize that your lies will fetch you nothing. We are in the information age now, and we see you for the cheap liars that you are. 25 Likes 2 Shares |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by kent79: 12:46pm On Feb 12, 2015 |
And so what? |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by AmakaDNB(f): 12:46pm On Feb 12, 2015 |
Kk |
Re: S’south Got Lion’s Share Of PTF Projects Under Buhari - Figures Don't Lie by Nobody: 12:46pm On Feb 12, 2015 |
LEADERSHIP?? U mean the newspaper owned by Nda-Isaiah?? APC continue your lies and useless propaganda. We are not DECIEVED!!! Later, you come and accuse PDP of using AIT for propaganda. Yimu 11 Likes |
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