2sex:
but the eastern brothers don't see it that way and I hope you have been following their recent outburst?

MadCow1:




Our history has not been that easy to be fair.

You can't blame the majority of us for the way we feel. In the history of this nation, we are the only region that has been warred against, produced the lowest number of rulers, gotten the smallest amount of federal sponsored projects, has the least federal presence in its region, the smallest number of states as per geo political regions and with the expecting of Enugu has the most under developed State capitals in the nation.

We have indeed not been treated fairly by this nation and it's not in question. I however feel we also haven't really tried ourselves to make things better and I do not believe in the Biafra idea either. I feel we should learn how to play the politics of Nigeria, build new allies and work our way back into political relevance rather than taking the easy way out.


Don't blame us for the way we feel, but I am taking a different approach to finding a solution that isn't based on war and hate..

I support the Nigerian Project fully and would work towards making our differences into a strength and not a weakness.

Demdem:


U obviously didn't understand what I presented no doubt. Who is talking about expenditure? Who is talking about savings? Where did u get that crap from? Before expenditure comes income.
I am saying that within this two months, income to the federation account has increased despite the fact that oil price which is our core income source is at an all time low. This mean that the states now have more access to funds from the centre.
Whether they choose to spend it or not as alleged by u as no bearing whatsoever to the fact that those monies that are normally stolen from other income sources before getting to FAAC don't get stolen again.

Demdem:

Difference is clear. Jonah-daft ordered but income kept on dwindling but less than two months since Buhari ordered, income is increasing especially allocations to the states despite even lower oil prices.
Do anyone still need any convincing that Jonah-daft indeed was a curse? A mistake Nigerians should never repeat again?

tommysparks:
why won't the foreign reserves increase when buhari since assuming office has not awarded or paid any contract or contractor, he has no ministers and special advisers with thier aids to pay salaries. No money for any capital project has been released. What does it profit nigeria and Nigerians to stash money in foreign reserves while we are still lacking basic amenities. #hungrymanwith millions in his bank account. That's what buhari is turning Nigerians into

erico2k2:

You obviously did not understand waht I wrote up there, you still are using the term Income which you are asking me about who said income.I was talking about external reserve there,it will def increase without expenditure do you get where I'm from now,that part concerns us more in diaspora for the backing of the £ and $ transactions cant you see where I'm coming from?

SenseiX:
Pres Jonathan had already ordered all MDAS to close down all accounts and make all transactions with the Single TSA with the Federal govt far back in January so I don't get what's the big deal about it. Buhari probably got it from GEJ'S Handover notes.
The decision of GEJ then was well reported in the news then, it even made Nairaland's front page. Here's a punch report on it from January
The Federal Government on Tuesday directed all its Ministries, Departments and Agencies to close their revenue accounts with Deposit Money Banks latest by February 28.

The government gave the directive while unveiling an electronic revenue collection platform aimed at checking theft, diversion of collected revenue and all sorts of corrupt practices associated with revenue collection.

The balances in the revenue accounts, it said, should be transferred to the Consolidated Revenue Fund of the Federal Government.

It warned that any MDA that failed to comply with the directive by the end of February would be appropriately sanctioned.

The Accountant-General of the Federation, Mr. Jonah Otunla, disclosed these in Abuja at a workshop to sensitise the MDAs to the commencement of the electronic revenue collection project.

The implementation of the project, he stated, began on January 1 this year and that it was meant to enthrone a new regime of centralised, transparent and accountable internally generated revenue management system.

The House of Representatives had in an investigative report on unremitted revenue last year said that 60 revenue generating agencies of the Federal Government failed to remit over N9.4tn to the coffers of the government between 2009 and 2012.

The Chairman, House Committee on Finance, Abulmumin Jibrin, had said of the N3.06tn the agencies generated in 2009, only N46.8bn, or 1.53 per cent was remitted to the government.

In 2010, the sum of N3.07tn was generated, but N54.1bn or 1.76 per cent was remitted; and in 2011, the generated figure stood at N3.17tn, out of which only N73.8bn or 2.33 per cent was remitted.

Otunla said going forward, the new platform would improve the availability of funds for financing of developmental projects and budgets as well as plugging loopholes in government revenue collection and management.

He said the commencement of the e-collection platform was a product of series of treasury reforms that began in 2012 and aimed at ensuring transparency and accountability in the management of the nation’s resources.

The reforms, he stated, led to the introduction of the Government Integrated Financial Management Information System and the Treasury Single Account.

Otunla said, “We have rolled out the GIFMIS and TSA implementation. At inception, a total of 93 agencies were enrolled and as of today, we have about 551, which is about three quarter of the total budget of the federation.

“We have yet to realise the full potential of the reforms. Some big budget MDAs to wit the National Assembly, National Judicial Council, the armed forces and some other autonomous agencies have been reluctant to be brought into the GIFMIS and TSA process.

“The implication of this is that substantial cash resources of the government are still lying idle at a time when our cash flow is facing a lot of challenges. In the face of the cash flow problem, we need to be more creative. We can enhance the performance of the budget by either improving revenue or reducing costs.”

The accountant-general added, “Our efforts this morning on the e-collection of revenue is a revenue enhancing programme by freeing more funds for budget performance. We are perfecting a system of collection. We are not perfecting a system depriving the commercial banks of income.

“So, we just want to make revenue collection a little more efficient; but in the process, it might influence the inflow to the commercial banks and that’s why the Central Bank of Nigeria is playing a pivotal role.”

Shedding more light on the new revenue collection platform, the Director, Funds, Office of the Accountant-General of the Federation, Mr. Mohammed Dikwa, said, henceforth, government revenues would now be paid into the CRF/TSA at the central bank through any branch of the DMBs.

He said, “A treasury circular on e-collection will be issued next week. With the coming of e- collection, MDAs can no longer maintain revenue bank accounts with commercial banks. You are, therefore, advised to transfer any outstanding balance in your RBA to the CRF and immediately commence the processes of closing them.

“The MDAs are given up to February 28, 2015 to close the RBAs. Appropriate sanctions shall be applied against any MDA that fails to comply.”

To ensure the successful implementation of the project, Dikwa explained that a multi-stakeholder committee comprising the OAGF, CBN and representatives of all the commercial banks was set up to agree on the implementation plans and timelines.
http://www.punchng.com/business/business-economy/close-revenue-accounts-with-banks-fg-orders-mdas/
Here is the Nairaland front page thread on it back in January
https://www.nairaland.com/2082943/close-revenue-accounts-banks-fg


So Buhari only just re-issued an order already issued by GEJ
Cc lalasticlala

SenseiX:
Can the fawning Sai Buhari adulators now realise their Messiah hasn't done anything groundbreaking, enough with the unnecessary propaganda already.

Demdem:


All what u mentioned are all expenditures. It has nothing to do with the fact income has increased significantly in the midst of huge low oil price.
Monies that are normally being stolen before it gets to FAAC where the FG and states source their primary income from don't get stolen again. This has nothing to do with if Buhari has spent anything or not. U gat the drift?

tommysparks:
are you trying to say because money was being stolen before it gets to Faac contracts were not being awarded and money released for capital projects by the past administration?

Elosky20:
ka

tommysparks:
are you trying to say because money was being stolen before it gets to Faac contracts were not being awarded and money released for capital projects by the past administration?

mrmetoo1:
They also gave that directive in 2012. It's not only about policies, implementation is the most important. This is what Jonathan was talking about when he was telling us about separating the yam from the goat. Nigeria's problem again is not a lack of ideas or not knowing the right thing to do, it's actually doing them is where the problem is. This TSA idea goes as far back as 2004 and I'm sure if we dig deeper, it was probably even proposed before then.

No one is expecting Buhari to invent anything new, we're just asking that good ideas start getting implemented. Buhari announcing it alone is not a cause for celebration, action is what will make me celebrate. Action we've lacked for too long in our dear country.

tommysparks:
why won't the foreign reserves increase when buhari since assuming office has not awarded or paid any contract or contractor, he has no ministers and special advisers with thier aids to pay salaries. No money for any capital project has been released. What does it profit nigeria and Nigerians to stash money in foreign reserves while we are still lacking basic amenities. #hungrymanwith millions in his bank account. That's what buhari is turning Nigerians into

Themandator:



Leave the ignoramus alone... Even salary are still been delayed despite not hav8jg ministers and not awarding nor paying existing contractors for on going projects

Themandator:



Your comprehension ability is very low.... Let me help you ;the reform process commenced in 2012....pilot phase... It went full blast January through February of this year wey we still dey so

Demdem:

Difference is clear. Jonah-daft ordered but income kept on dwindling but less than two months since Buhari ordered, income is increasing especially allocations to the states despite even lower oil prices.
Do anyone still need any convincing that Jonah-daft indeed was a curse? A mistake Nigerians should never repeat again?

MadCow1:
He gave the order in January but nobody obeyed him because he was a weakass Man who had no control of his House, his wife, his cabinet and the entire country.



Wait and see how many people would be in jail if by the end of this month this order has not been obeyed.



President Booboo (as he is called by his Nwa Baby Aisha) does not negotiate with terrorists and corruption.

Demdem:

Difference is clear. Jonah-daft ordered but income kept on dwindling but less than two months since Buhari ordered, income is increasing especially allocations to the states despite even lower oil prices.
Do anyone still need any convincing that Jonah-daft indeed was a curse? A mistake Nigerians should never repeat again?

tiredofnaija:
And the Daura President empowered REMITTA to share or sorry transfer 25billion daily to APC members that financed his campaign. If allocation to state is increasing why are they going back to the DULLARD for more bail out. OLODO.....