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The Politics And Insincerity Of Bailout Funds. - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / The Politics And Insincerity Of Bailout Funds. (4351 Views)

12 States Owe Salaries Despite Bailout Funds From FG / NLC, TUC In Kogi Begin Strike Over Buhari's Withholding Of Bailout Fund / Abia Government Commences Distribution Of Bailout Fund (2) (3) (4)

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The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 6:42am On Sep 16, 2015
It is a fact that life is about choices. These choices are bound to make or mar us. Positive choices involves or passes through processes as constructive reasoning, planning, implementation, supervision and finally feedback/evaluation. All positive choices are supposed to pass sustainable development test. Sustainable development involves harnessing and enjoying the resources available to us without jeopardizing the availability of same comfort for tomorrow generations.

Buhari/APC rode to power using high powered propaganda and now wants to sustain these with such populist policies that play to sentiments but may have far more devastating effect in the long run; a case of a painted sepulchre. President Buhari on being declared winner at the polls had his party(APC) governors led by ROchas Okorocha approach him for bailout from backlog of salaries in some states. Notwithstanding that it is humane of president to intervene to save the poor masses but it is also sensible for President to ascertain the true picture of events before such intervention. But because President Buhari and his party seemed bent on hoodwinking the populace by whatever means, they jumped into the program without necessary foundation or did they verify the true picture of events in such vulnerable states.

[b]A proactive and responsible government should have before dispensing the funds asked some questions like;

1)Isn't there the risk of some governors especially those who mismanaged their allocations in the past during oil price peak repeating same with this bailout?

2)Didn't the president deem it fit to set up a committee to actually find out the exact state of finance in some of these states, to know if there are other causes outside
reduced allocation for these salary arrears accumulation?

3)Didn't the President feel it was important to know why states like Anambra are not indebted while others with similar fortune are? Because it is a pointer that something is definitely wrong with some indebted states outside the general crises of reduced allocation...

4)What is the possibility of dispensing bailout directly to beneficiaries account to avoid hoarding or diversion by state governors?

5)Aren't president encouraging corruption by not doing diligent and painstaking analysis of issues before pouring more water into a basket to hold?

6)Can some of these governors be trusted with loans that may keep their states indebted for the next 20years? Such that a baby born into such states today already has a future encumbered with debts[/b]

It is this ineptitude and uninformed decision of President Buhari in not doing the needful that has fed such confusion as we now experience today. Examples abound;

[b]Imo state governor(Rochas Okorocha) is being accused of diverting a whooping N9billion from the bailout fund to build cottage industries in LGA. Buhari may care to ask him what happened to such other projects as his new general hospitals in LGAs.

Osun state governor(Aregbesola) is accused of diverting some percentage and fixing a part of it as tenured fund. Buhari may want to know about his airport project, opon imo, over-inflated road contracts etc

Kastina state governor is accused of lying to obtain such loan, as his state isn't having salary backlog; which is the sole aim of the bailout fund.

Edo state few weeks after having $75million world bank loan, is granted more bailout funds to engage in profligacy and wasteful spending.

And so many other complaints. One is then forced to ask; Are we going to see more of these hasty decisions under Buhari that will leave us with burnt fingers always? Isn't it also corruption to approve such populist policies with selfish intent to hype your credentials notwithstanding the consequences on tomorrow generations? When will President Buhari start assessing the pros & cons of decisions before implementation[/b]?

Watch this change Nigerians...

God bless us all.

Lalasticlala, Seun. Obinoscopy

4 Likes 1 Share

Re: The Politics And Insincerity Of Bailout Funds. by hooged: 6:44am On Sep 16, 2015
Good morning

1 Like 1 Share

Re: The Politics And Insincerity Of Bailout Funds. by Bevista: 6:45am On Sep 16, 2015
Your article is laced with blackmail and prejudice. Maybe you should change your moniker to "WhyNotWail".

How can you fault the president's good intention simply because some elected governors have chosen to be irresponsible with their state finances. Maybe if you invest a portion of the energy you spend in screening & criticizing the president on your state governor, you might achieve better results.

For the records, States are Federating Units and have been empowered by the Constitution to have Fiscal Autonomy. The president does not have a say on how states spend their money. At best, he can use agencies like EFCC/ICPC to put them in check. You should also be informed that the CBN has setup a committee to monitor how governors disburse the bailout funds.

Elections are over bro, it's time for Nation Building. Keep your smear campaign till atleast 2 years time.

5 Likes 1 Share

Re: The Politics And Insincerity Of Bailout Funds. by stuff46(m): 6:47am On Sep 16, 2015
.
Re: The Politics And Insincerity Of Bailout Funds. by galadima77(m): 6:53am On Sep 16, 2015
U underestimate PMB

1 Like 1 Share

Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 6:56am On Sep 16, 2015
hooged:
Good morning
Same to you bro smiley
Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 6:58am On Sep 16, 2015
galadima77:
U underestimate PMB
How do you mean brother?
Cc. Obiagelli, IdiSulemain, Passingshot, Dharniel
Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 7:00am On Sep 16, 2015
Bevista:
smiley
Talk bro...
Cc. Omenka, Bloodykiller, Candyrain, Rose2014, Kenny987
Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 7:02am On Sep 16, 2015
stuff46:
.
Don't just book space...Say something bro smiley
Re: The Politics And Insincerity Of Bailout Funds. by Iykopee(m): 7:07am On Sep 16, 2015
We sure have a president who acts before he thinks.

1 Like 1 Share

Re: The Politics And Insincerity Of Bailout Funds. by Otherique: 7:15am On Sep 16, 2015
ok
Re: The Politics And Insincerity Of Bailout Funds. by FYB(m): 7:21am On Sep 16, 2015
land bought already

1 Like 1 Share

Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 7:23am On Sep 16, 2015
Iykopee:
We sure have a president who acts before he thinks.

I hope he reverses to do the opposite ...

Cc. Dearpreye, Mizmycoli, Kaboninc, hinwazaka, 4play
Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 7:36am On Sep 16, 2015
Bevista:
[s]Your article is laced with blackmail and prejudice. Maybe you should change your moniker to "WhyNotWail".[/s]

How can you fault the president's good intention simply because some elected governors have chosen to be irresponsible with their state finances. Maybe if you invest a portion of the energy you spend in screening & criticizing the president on your state governor, you might achieve better results.

For the records, States are Federating Units and have been empowered by the Constitution to have Fiscal Autonomy. The president does not have a say on how states spend their money. At best, he can use agencies like EFCC/ICPC to put them in check. You should also be informed that the CBN has setup a committee to monitor how governors disburse the bailout funds.

[s]Elections are over bro, it's time for Nation Building. Keep your smear campaign till atleast 2 years time[/s].

See below bro;

Notwithstanding that it is humane of president to intervene to save the poor masses but it is also sensible for President to ascertain the true picture of events before such intervention.

A proactive and responsible government should have before dispensing the funds asked some questions like;
1)Isn't there the risk of some governors especially those who mismanaged their allocations in the past during oil price peak repeating same with this bailout?

2)Didn't the president deem it fit to set up a committee to actually find out the exact state of finance in some of these states, to know if there are other causes outside
reduced allocation for these salary arrears accumulation?

3)Didn't the President feel it was important to know why states like Anambra are not indebted while others with similar fortune are? Because it is a pointer that something is definitely wrong with some indebted states outside the general crises of reduced allocation...

4)What is the possibility of dispensing bailout directly to beneficiaries account to avoid hoarding or diversion by state governors?

5)Aren't president encouraging corruption by not doing diligent and painstaking analysis of issues before pouring more water into a basket to hold?

6)Can some of these governors be trusted with loans that may keep their states indebted for the next 20years? Such that a baby born into such states today already has
a future encumbered with debts
.

btw My state is doing just fine bro...We are Light of the Nation wink

If you say CBN has monitoring committee on fund usage and at same time say federal government can't control states, aren't you contradicting yourself

Realities on ground show there's nothing like control or monitoring or whatsoever... It is as if they were just dashed extra cash to mismanage...

Would any responsible government that claims to fight corruption and fiscal irresponsibility be seen doing this

Quit seeing an enemy in your critic

4 Likes 3 Shares

Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 7:42am On Sep 16, 2015
FYB:
land bought already
Thanks for the purchase...but why not add something more to this discussion?
Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 7:44am On Sep 16, 2015
Otherique:
ok



Cc. OnReflection ... Erunz
Re: The Politics And Insincerity Of Bailout Funds. by MizMyColi(f): 8:18am On Sep 16, 2015
What this administration and it's teeming fanatical supporters will realize at the end of the day is that strong people don't build nations, strong institutions do.

They will also come to realize, that no human is infallible. They will realize that a lie, a big, fat, rotund one was packaged and sold to them.

Good Morning Whynotthetruthsmiley
You have spoken the truth.
But, as always you can expect that those who are eternally allergic to anything remotely related to the truth will huff and puff.
They will beguile you and call you wailer.
But keep doing what you do.
Posterity never forgets.

Somedays, all I feel for the man Buhari...going by the wolves and cankerworms who surround him, is pity.
The Eldorado we desire as a people will not materialize in 4 or 8 years, but with deliberate planning and modalities, we can get there. I have made my peace with that.

5 Likes 1 Share

Re: The Politics And Insincerity Of Bailout Funds. by erunz(m): 8:19am On Sep 16, 2015
K
Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 8:25am On Sep 16, 2015
MizMyColi:
What this administration and it's teeming fanatical supporters will realize at the end of the day is that strong people don't build nations, strong institutions do.

They will also come to realize, that no human is infallible. They will realize that a lie, a big, fat, rotund one was packaged and sold to them.

Good Morning Whynohetruthsmiley
You have spoken the truth.
But, as always you can expect that those who are eternally allergic to anything remotely related to the truth will huff and puff.
They will beguile you and call you wailer.
But keep doing what you do.
Posterity never forgets.

Somedays, all I feel for the man Buhari...going by the wolves and cankerworms who surround him, is pity.
The Eldorado we desire as a people will not materialize in 4 or 8 years, but with deliberate planning and modalities, we can get there. I have made my peace with that.

Good morning too smiley

@bolded...buhari was elevated as god by supporters and hence as religion demands, you don't question a god or you risk being termed whatever derogatory name adherents wanna use on you...Such is life today in Nigeria with buhari...

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Re: The Politics And Insincerity Of Bailout Funds. by Candyrain(m): 8:41am On Sep 16, 2015
How many advisers did Buhari demand for again? Was it 15 or what? I want NASS to grant him his request asap so that he can at least have some people who can help him think. The lie by the Kastina State governor is really mind boggling, I believe if necessary checks and investigations were carried out the case of the Kastina State governor would have been avoided.

3 Likes 2 Shares

Re: The Politics And Insincerity Of Bailout Funds. by Whynotthetruth(m): 8:49am On Sep 16, 2015
Candyrain:
How many advisers did Buhari demand for again? Was it 15 or what? I want NASS to grant him his request asap so that he can at least have some people who can help him think. The lie by the Kastina State governor is really mind boggling, I believe if necessary checks and investigations were carried out the case of the Kastina State governor would have been avoided.

Bolded was approved immediately he made the request...but I am not sure he has attached faces to those number approved for him...

He needs men with good brains to succeed while he needs listening ear too ...
Re: The Politics And Insincerity Of Bailout Funds. by Rose2014: 1:02pm On Sep 16, 2015
Bevista:
Your article is laced with blackmail and prejudice. Maybe you should change your moniker to "WhyNotWail".

How can you fault the president's good intention simply because some elected governors have chosen to be irresponsible with their state finances. Maybe if you invest a portion of the energy you spend in screening & criticizing the president on your state governor, you might achieve better results.

For the records, States are Federating Units and have been empowered by the Constitution to have Fiscal Autonomy. The president does not have a say on how states spend their money. At best, he can use agencies like EFCC/ICPC to put them in check. You should also be informed that the CBN has setup a committee to monitor how governors disburse the bailout funds.

Elections are over bro, it's time for Nation Building. Keep your smear campaign till atleast 2 years time.

Don't forget they APC is the founder of smear campaign. Hope u preached this gospel to them when they were runnig GEJ's govt down
Re: The Politics And Insincerity Of Bailout Funds. by Candyrain(m): 1:04pm On Sep 16, 2015
Rose2014:


Don't forget they APC is the founder of smear campaign. Hope u preached this gospel to them when they were runnig GEJ's govt down

Hypocrites in high places, that's who they are.

How are you doing dear?
Re: The Politics And Insincerity Of Bailout Funds. by Bevista: 1:11pm On Sep 16, 2015
Rose2014:


Don't forget they APC is the founder of smear campaign. Hope u preached this gospel to them when they were runnig GEJ's govt down
It may be tolerable to use smear campaign during elections, that is why I told him to postpone it till then.

Right now, it's Nation Building.

1 Like

Re: The Politics And Insincerity Of Bailout Funds. by Rose2014: 1:19pm On Sep 16, 2015
Candyrain:


Hypocrites in high places, that's who they are.

How are you doing dear?

Lol@high places
I'm fine dear. I greet u boss
Re: The Politics And Insincerity Of Bailout Funds. by kenny987(f): 1:26pm On Sep 16, 2015
Truth or criticism of wrong policies is not smear campaign. You do not wait until elections to start deciding what was rightly done or not. That is why Amaechi opened his mouth to say that they steal cos citizens do not stone them so the stoning has begun. In fact it is allowed to preempt various actions based on previous 'body language' tendencies and sound the alarm before they happen. It is said that a stitch in time saves nine! Nation building cannot be achieved by blind followership, there must be checks and balances!

Bevista:
It may be tolerable to use smear campaign during elections, that is why I told him to postpone it till then.

Right now, it's Nation Building.

You do not put the fox in the barn and attempt to put the fox in check! The bailout fund is the FG's to give. The CBN, EFCC and ICPC u mentioned are all Executive bodies under the FG. The same way some have justified the delay in the appointment of ministers as the President needing to clear the rot by the previous administration and understand the working of the ministries is the same way these bodies at his disposal should have been deployed to investigate the current financial status of the affected state governments, determine why they have been unable to pay salaries despite huge debt profiles and put in place mechanisms to ensure that such issues do not re-occur!

The 'good intentions' of the President amount to putting the cart before the horse! It is throwing good money after bad and that is the worst thing any sane person should do! There should have been thorough investigation to determine why the debts accrued in the first place when as the Op stated, there are states with less monthly allocations that have managed their resources and are not indebted to their citizens salary-wise. If some governors chose to be irresponsible with state resources then it is even more irresponsible of the FG to give them the opportunity to do same again with its own resources without finding out and plugging loopholes through which the initial irresponsibility was perpetrated! No bank gives loans without investigating the viability of the project for which the loan is to be granted unless they have some unwholesome profit to earn from the proceeds of such loan.

Bevista:
Your article is laced with blackmail and prejudice. Maybe you should change your moniker to "WhyNotWail".
How can you fault the president's good intention simply because some elected governors have chosen to be irresponsible with their state finances. Maybe if you invest a portion of the energy you spend in screening & criticizing the president on your state governor, you might achieve better results.
For the records, States are Federating Units and have been empowered by the Constitution to have Fiscal Autonomy. The president does not have a say on how states spend their money. At best, he can use agencies like EFCC/ICPC to put them in check. You should also be informed that the CBN has setup a committee to monitor how governors disburse the bailout funds.
Elections are over bro, it's time for Nation Building. Keep your smear campaign till atleast 2 years time.

3 Likes 2 Shares

Re: The Politics And Insincerity Of Bailout Funds. by oloyede252(m): 1:27pm On Sep 16, 2015
not again.I'm tired of reading meaningless threads by wailers except barca,no source,no fact,all just "what I think it is" rubbish assumption ...whynotwail you should have asked barca for assistance instead of writing rubbish.
Re: The Politics And Insincerity Of Bailout Funds. by oloyede252(m): 1:31pm On Sep 16, 2015
Rose2014:


Don't forget they APC is the founder of smear campaign. Hope u preached this gospel to them when they were runnig GEJ's govt down
sister rose you don't have anything to to with Nigerian issue now ,go bust tribal warriors that are not supporting biafra,your very good at it..
Re: The Politics And Insincerity Of Bailout Funds. by kenny987(f): 1:37pm On Sep 16, 2015
oloyede252:

sister rose you don't have anything to to with Nigerian issue now ,go bust tribal warriors that are not supporting biafra,your very good at it..

You don't decide for Rose2014 which board to participate in or lend her opinions to. You are attempting to be patronizing and that is a silly thing to do.
Re: The Politics And Insincerity Of Bailout Funds. by Rose2014: 1:41pm On Sep 16, 2015
oloyede252:

sister rose you don't have anything to to with Nigerian issue now ,go bust tribal warriors that are not supporting biafra,your very good at it..

Lol you don give me work abi? How much salary? tongue
Re: The Politics And Insincerity Of Bailout Funds. by Rose2014: 1:42pm On Sep 16, 2015
kenny987:


You don't decide for Rose2014 which board to participate in or lend her opinions to. You are attempting to be patronizing and that is a silly thing to do.

Don't mind him.
My sis from another mother, kee nke na-eme?
Re: The Politics And Insincerity Of Bailout Funds. by oloyede252(m): 1:43pm On Sep 16, 2015
kenny987:


You don't decide for Rose2014 which board to participate in or lend her opinions to. You are attempting to be patronizing and that is a silly thing to do.
are you sister rose?are you a tribal bigot?

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