DaBullIT:


right out of my mouth , approximately 5 Billion Naira to pay salaries was borrowed, but they used excess of 1.5 Trillion for Election campaign , goes to show how important Masses are to them compared to re-election bid ..


2 trillion, that's how many zeros self ?

IzonOwei:
exactly...true federalism will jolt state governors to be innovative and responsible rather than being indolent waiting for the FG to feed them...then corrruption can be fought clearly....state indigenes can better hold there governors accountable...

The nigerian problem is so crazy..

barcanista:
We don't need the UK/England model. A fiscal federalism model will open competition among states of the Lower Niger Region and South Western region, while the Northern region will want to prove some point. It is very healthy for our development and will mitigate most of these recurring situation

santity100:
Are other oil exporting countries also crying over falling prices ?

Our leaders are to be blamed, 16 years of democracy we are still in the past. DIVERSIFY THE ECONOMY PLS !!!!!

For now it is a good feeling that this JONATHAN has been voted out by Nigerians but the messes he is going to leave might make governance hell for the incoming.

I believe with good management, there should be other sources of generating revenue to move us forward even if it is just ELECTRICITY and SECURITY during APC's first term.

And again, buhari should be able to generate billions of dollars by recouping billions of dollars looted, starting from JONATHAN himself and others.

Top of the range clueless, insensitive, cruel human being that raise inpunity, tribalism, corruption, religion partisan to the highest level since independence.

No need to mention HIS name .. lol

IzonOwei:
exactly...true federalism will jolt state governors to be innovative and responsible rather than being indolent waiting for the FG to feed them...then corrruption can be fought clearly....state indigenes can better hold there governors accountable...

The nigerian problem is so crazy..

amaze50:
Oooh my broda your jst sooO right. They want 2 frustrate and make the it hard4 the incoming govt. There is God oooOh

micktoxin:

London was just an illustration of how much a city can carry a country if a proper investment are made. I read an article saying Lagos economy in gdp (current 90) should have been around $250 bill (Aprox half of current Nig gdp), if the government had decentralised and given lagos state more power 10 years ago. UK is one of the most centralised in the developed world, local council can't even make their own laws, which is the opposite direction Nigeria should be following. Nevertheless, while it's true fiscal system will benefit the whole state, it still needs to focus on large cities or countries in the case of Eu (See Eu fiscal policy) to function properly.

Acidosis:


Unfortunately that won't happen in a Buhari govt. The north believe in feeding the poor (almajiri, N5000 stipends for able and agile youths, hot pottage for kids, etc). .

barcanista:
We are in a very crazy situation my guy. Lazy and confuse bunch of people that call themselves leaders. Everybody want to share OYEL, nobody is thinking.

IzonOwei:
This is exactly how timipri silva of bayelsa borrowed money and stole the money...

Sometimes I think nigerian leaders are cursed with corruption... ...thief wan kill us...we are cursed infact...

ikevin:
why do you feel comfortable cursing a country you come from, simply because you do not like the face of the incoming president. I have lost most of my hope on my fellow Nigerian youth, just write things without reasoning. Just filled with hate and tribalistic tendincies.

dearpreye:


Do you believe such amount of money was used for campaigns? Any empirical evidence? This una propaganda machine is well oiled!

Says the person whose USERNAME is Diepreye Solomon Peter Alamieyeseigha, the Governor who sneaked out of Nigeria in female attire whose wardrobe was filled with hundreds of millions of dollars and Naira .. I nor blame you

Your GEJ said the actual amount when he called for investigations on how the fund was spent . moreso , in this age , information is readily available , especially against your GEJ , for instance, his phone call to concede elections is on youtube , Someone recorded the Fayose, Fani Kayode and co's election rigging meeting, don't get me started on it


Go to that corner ,

Kneel down, raise up your hand and close your eyes

Ntooor

IzonOwei:
meanwhile we have solid minerals..we can go back to the days when cocoa was produced in commercial quantity..weve got rubber...groundnut nkor??..everybody has simply forgotten about all of that and stuck to oil...

I am afraid for this country...

Femolacaster:
Useless government, and they wasted Trillions on election.

Femolacaster:
Useless government, and they wasted Trillions on election.

IzonOwei:
meanwhile we have solid minerals..we can go back to the days when cocoa was produced in commercial quantity..weve got rubber...groundnut nkor??..everybody has simply forgotten about all of that and stuck to oil...

I am afraid for this country...

PassingShot:


While I agree that we need to diversify the economy, there is nothing spectacular that Emirates did that has made them to keep their head above the water other than robust management of their earnings. Our problem has been the looting of our earnings with reckless abandon.

dearpreye:


I used to wear out myself over these issues in time past.....not anymore. ....The masses are not ready yet for them!

Femolacaster:
Useless government, and they wasted Trillions on election.

bushdoc9919:
Of course I am not surprised.

A resource dependent economy is more vulnerable to debt than a non-resource dependent economy.

Simple fact....when you are oil dependent...times are good when oil prices are high. Times are bad when oil prices are low. (as those who grew up in the 1970's and 1980's can testify to).

Nigeria should forget about oil. Oil is an ill wind that blows no one any good. Nigeria should practice true fiscal federalism....by people making their state governors work harder to develop the states into mini-Singapores....industrially and innovative economies. (That is what true fiscal federalism is...not ''The Hausas are chopping our oil money...so we must chop too! ).

But I know Nigerians.....somehow we think that there is a national plum fruit cake that is 100000000-tiered...and never runs out. The cold reality is that the cake is really a N100 loaf of bread.

Oil is a curse.

micktoxin:

Electricity should be among the main agenda, as it is one of the biggest reason foreign investors are not coming into the country.

dearpreye:


No. Oil is a blessing. Visit Abuja and conform that! Every single resource can be a blessing or curse, depending on the people handling it.

We're suffering from decades of laziness occasioned by the discovery and exploration of oil in the ND. Everyone else has refused to develop the resources found at their backyard. ..its all the OIL now. ...

We have never had visionary and disciplined leadership; we have just thieves and criminals parading the political atmosphere. ....

True federalism is the way to go!