wailers be like senators are a ll APC members

nawaooo some kind news ehhhnnn!!!! how thief wan uncover wetin him thief go hide again naaa...I think the person that brought this news here is high on cow dung...

make una continue to uncover we don uncover tire for this country we no see money wey una uncover

na for only paper we dey read am

By Sunday, buhari will be reeling out amount of monies discovered as his achievement.

Pavore9:
Nigeria has been richly mismanaged!

Herman Hembe still dey??

Hhhhhmmmm

Thank God senate is now part of the fight against corruption

Kai

Import duty waiver is a tool used by govt to improve cross border trade volume and swell local economy. Part of what makes Dubai and China global business hubs today is the low duty regime.
Govts can also bail out private companies and banks with public fund like Obama and Yaradua did.
PMB recently bailed out sates with money from LNG.
PMB also decently granted Dangote tax waivers in return for roads in one of the northern states.
Must we criminalyze every thing?


The question should be if the President had the power to grant waivers.

Import duty waiver is a tool used by govt to improve cross border trade volume and swell local economy. Part of what makes Dubai and China global business hubs today is the low duty regime.
Govts can also bail out private companies and banks with public fund like Obama and Yaradua did.
PMB recently bailed out sates with money from LNG.
PMB also decently granted Dangote tax waivers in return for roads in one of the northern states.
Must we criminalyze every thing?

The question should be if the President had the power to grant waivers.

MadCow1:
This should be investigated seriously!!

Waivers are necessary for the growth of Nigeria if applied in the right direction.

please abeg i wan ask one question..is there an area or sector that jona and his thieves didnt steal from? ..reason why people think everything was ok was cos most nigerians never left this country ..they didnt even visit southafrica to see how things were outside the walls of naija..na wah ooo..they were palnning to milk nigeria dry

SayDeeJay:
PDP led government almost shutdown Nigeria.

but wailers are blind to see it.

God will continue to punish d generations of our corrupt leaders with diseases and affliction.. they will know no peace.

how much would 200million Nigerians each get if we divide
447,000,000,000/200,000,000 = N2235 at all at all na him bad pass.

Billionaires are not nice people

FG granted them waiver

arsenal33:
Imagine if PDP won the elections, will all these scams be uncovered?

NO.

Gaskia:
Import duty waiver is a tool used by govt to improve cross border trade volume and swell local economy. Part of what makes Dubai and China global business hubs today is the low duty regime.
Govts can also bail out private companies and banks with public fund like Obama and Yaradua did.
PMB recently bailed out sates with money from LNG.
PMB also decently granted Dangote tax waivers in return for roads in one of the northern states.
Must we criminalyze every thing?

The question should be if the President had the power to grant waivers.

Thats one question you may ask. i.e if Mr President has such powers?
Mine will be the following

Is there any evidence of some substantial gain to the economy where such waivers were granted?
Why grant so much at a time there is an alarming reduction in the country's revenue profile?

It is not a scam it was a legitimate waiver granted to those companies, everything was done as designed but not as desired.

Those importing cars were told to bring in a certain number of cars for free if they start an assembly plant, so they bought a car disassembled it, shipped it in and reassemble it. With those steps done they started shipping in all vehicles covered by the waiver.

If only the waiver could be made public then we will know the specifics of the deal.

The president has taken it upon itself irrespective of the opinion of the house how duty/tax will be collected, tax rate, import restriction and prohibitions and exclusion to those prohibitions.

No legislative house would have signed off on the exclusive deals Dangote has if the bill states specifically for rice, sugar, and cement importation ban with waivers granted to certain individuals, or doubling of import duties on used cars with waivers granted to certain companies to import.

All these have huge effect on the economy of certain areas, but the president and ministers can do these at will.

EFCC needs to invite that mumu guy (GEJ). I wonder where was he when all these happened.

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sammyj:
What a pity. The past administration just murdered our common wealth which why the next generation to come will never forgive them.

gboye1999:


Thats one question you may ask. i.e if Mr President has such powers?
Mine will be the following

Is there any evidence of some substantial gain to the economy where such waivers were granted?
Why grant so much at a time there is an alarming reduction in the country's revenue profile?

Thanks for your submissions gboye.

Recall that the FG under GEJ had already issued warnings about dwindling inflow of foreign earnings when crude prices declined from $100+ to about $50 / barrel. That saw his economic team implement ingenious policies to cushion the effect on our local economy.
Do you remember the bailout to airlines, development fund for agric and the automotive polices? These were some of the economic stimuli including import waivers to prevent importers from going out of business. Remember most of the items that qualified for waivers were materials needed for manufacturing.
Our reps failed to analysis the impact of the economic activities that followed the waivers on our economy.
Some of those economic management approaches was why we did not have so many industries folding like its happening today. That is why our GDP was conserved. That is why our economy did not shrink in geometric rate.
We should not be in a haste to criminalize any action. I personally salute PMB for striking the road construction deal with Dangote in exchange for tax waivers earlier this month.