At lease they exported something

But how come Nigerians know all the crooked ways to make money? Why dont we channel all this energy in making our system work? We are a people full of talents but we channel our gifts wrongly

Thanks ma for stopping the EG for fraudulent use, however, Kindly reinstate it and monitor it so that we can export our commodities. Abi, will you say because Police is corrupt, scrap it? You will control the corruption now, so do the needful with the EG.

ConqueredWest:
She will soon blame Jonathan.
APC and complaincomplain

SHE HAVE ALREADY DONE THAT.

[size=18pt]If Nigerian business men can export stones in return for dollars, how is that a bad thing?[/size]

Mumu ode minister

Sibrah:
So she shouldn't raise alarm because it happened under Jonathan and PDP again. Your reasoning ehn . . . Very dàft!

Not that she shouldnt raise alarm...we are tired of the alarms, she should start giving us concrete pathways out this dreadful economy.

Obama inherited Bushes many wahala, but he cleared them like a maestro....most americans ddnt hear all these complain upanda.

oruma19:
But how come Nigerians know all the crooked ways to make money? Why dont we channel all this energy in making our system work? We are a people full of talents but we channel our gifts wrongly

What is crooked about that?

Nigerian business men where able to export stone in exchange for much needed forex... so what is bad about that?

Export stones? Crooked minds from the land of the gulleys. Na wa o. So glad PDP is out.

what sort of stone is she talking about?

some stones are of mineral value so she needs to clarify.

The fact that the NXP or bill of lading states the commodities shipped as stones does mean the same is not of exportable value.

But in Nigeria anything can happen.

exporting stones... my country my country

ConqueredWest:
She will soon blame Jonathan.

APC and complaincomplain

she didnt blame anyone infact she indirectly praised the prev administration for stopping it to cut its abuse and dis present admin was upholding it stoppage

just want to know why am reading this...

ConqueredWest:
She will soon blame Jonathan.

APC and complaincomplain

Did u read the article?

Sibrah:
So she shouldn't raise alarm because it happened under Jonathan and PDP again. Your reasoning ehn . . . Very dàft!

Her comments would have made sense when she was in opposition (or rather doing a "masterful" job on Ogun state's finances). But when you are now part of the government, it makes no sense. The minimum you would expect is for the stone exporters to be named and shamed. Instead, like the N3 trillion TSA funds "recovered" (from who?), this is an example of governing by press release - making vacuous statements in public aimed at conveying the impression that you are hard at work.

12Monkeys:
[size=18pt]If Nigerian business men can export stones in return for dollars, how is that a bad thing?[/size]

Mumu ode minister

Seems you did not comprehend her message. Let me break it down for you, exporting stones for dollars wouldn't have been a problem if the exporters did not use the items to claim credits/waivers/grants/incentives from the govt rather they export nonsense and claim credits/waivers/grants/incentives which they now use in importing fish to the country.

In summary, they swindle the country both ways in the name of profit hence why the last administration stopped the credits/waivers/grants/incentives given to them and current administration is upholding that suspension pending when they can look for ways to fix the loop holes that led to the abuse.

sarrki:
Nothing dey say about the last government that I won't believe

If u were not blinded by hate, u wouldn't miss the statement below:

The most corrupt government in the history of Nigeria

She said that although the Export
Grant scheme was stopped by the
previous administration due to
unprecedented abuse, the current
government upheld the suspension
in order to undertake a critical
review of the policy.

Sibrah:
So she shouldn't raise alarm because it happened under Jonathan and PDP again. Your reasoning ehn . . . Very dàft!

Did u read this?
She said that although the Export
Grant scheme was stopped by the
previous administration due to
unprecedented abuse, the current
government upheld the suspension
in order to undertake a critical
review of the policy.

dunkem21:
Another blame game

we are only reminding those that are not aware of how pdp stole everything in nigeria even using stone to steal our hard earn resource

If you wants to be successful in corruption just take your time to understudy nigeria and you will make it.

sarrki:
Nothing dey say about the last government that I won't believe

The most corrupt government in the history of Nigeria

And how I wish you read before commenting and you would have seen that all they told you is that the past administration stopped export grant because of abuse and they are simply upholding the decision. Is that corruption?

Let us Pray for those exporting stones with the sole purpose of bleeding our economy dry , that God will touch their hearts (if they still have) of stone. That the love of God and of Country be put first and second in all their activities.

We Pray O Lord.

2 words only.

FANTASTICALLY KWARAPT!

enigma2007:


Seems you did not comprehend her message. Let me break it down to you, exporting stones for dollars wouldn't have been a problem if the exporters did not use the items to claim credits/waivers/grants/incentives from the govt rather they export nonsense and claim credits/waivers/grants/incentives which they now use in importing fish to the country.

In summary, they swindle the country both ways in the name of profit hence why the last administration stopped the credits/waivers/grants/incentives given to them and current administration is upholding that suspension pending when they can look for ways to fix the loop holes that led to the abuse.

thanks for enlightening the guy you quoted, I work in an industry that was enjoying this Export expansion grant [EEG] until it was suspended, in fact there are lots of backlogs of this grants which are yet to be released.

Nigeria is such a funny country, we complain that Govt does not help businesses but we fail to admit that instances where Govt assistance has been given, there have been serious abuses. Do you know that it was even foreign companies in Nigeria who are into exports that severely abused the EGG in connivance with Nigerian agencies officials, they were making bogus claims in their cost of production to swindle Govt of the EEG funds to themselves. If I have my way I would have mentioned the name of the company who actually put everybody who was enjoying this EEG into this mess.

There was a time too my industry was enjoying direct allocation of AGO [diesel] from the Govt at a very subsidized price to reduce cost of production but guess what some folks in my industry saw it as a way of making some extra cash as they started diverting some AGO to people who were never in that line of business.

We have ourselves to blame as Nigerians, we can't simply govern ourselves.

imagine the ignorance of the finance minister..



we have economic stones(rock) in large quantity in different places in Nigeria.. it can also be exported

Sibrah:
So she shouldn't raise alarm because it happened under Jonathan and PDP again. Your reasoning ehn . . . Very dàft!

raise alarm for what? Can't you read and understand for once.......She said that although the Export Grant scheme was stopped by the previous administration due to unprecedented abuse

Goke7:


thanks for enlightening the guy you quoted, I work in an industry that was enjoying this Export expansion grant [EEG] until it was suspended, in fact there are lots of backlogs of this grants which are yet to be released.

Nigeria is such a funny country, we complain that Govt does not help businesses but we fail to admit that instances where Govt assistance has been given, there have been serious abuses. Do you know that it was even foreign companies in Nigeria who are into exports that severely abused the EGG in connivance with Nigerian agencies officials, they were making bogus claims in their cost of production to swindle Govt of the EEG funds to themselves. If I have my way I would have mentioned the name of the company who actually put everybody who was enjoying this EEG into this mess.

There was a time too my industry was enjoying direct allocation of AGO [diesel] from the Govt at a very subsidized price to reduce cost of production but guess what some folks in my industry saw it as a way of making some extra cash as they started diverting some AGO to people who were never in that line of business.

We have ourselves to blame as Nigerians, we can't simply govern ourselves.

Exactly! People do lots of fraudulent things and get obscenely rich while expecting the govt to look the other way. Sanity must be restored at all costs and all the undesirable elements should be weeded out and prosecuted fully.

chiefobdk:
imagine the ignorance of the finance minister..



we have economic stones(rock) in large quantity in different places in Nigeria.. it can also be exported

You are actually the ignorant one!

The question from you should be: are those stones under the export grants program?

Moreover, she is not stopping anybody from exporting the stones. She is stopping people from claiming grants for such exportation.

sarrki:
Nothing dey say about the last government that I won't believe

The most corrupt government in the history of Nigeria

That description is even an understatement!

12Monkeys:
[size=18pt]If Nigerian business men can export stones in return for dollars, how is that a bad thing?

see as a grow-up ipod de reason like what i dont know, so oyebo gave ipod criminals dollars for stone, hahahahaha, u dont know d meaning of grant or waivers, just go back to school, u are stil a kid

What is wrong with exporting stones if our stone quality attracts international demand? Nigeria is currently importing stones (granite and marbles) from Spain, Italy, China and Turkey. Stone is a solid mineral and Feyemi is calling for activities in that area.
This government lack business ideas.

ConqueredWest:
She will soon blame Jonathan.

APC and complaincomplain

Why are we like this, must you create war where there is none? Despite the fact that she said this government upheld the decision of the past one on this issue..

sarrki:
Nothing dey say about the last government that I won't believe

The most corrupt government in the history of Nigeria

Sibrah:
So she shouldn't raise alarm because it happened under Jonathan and PDP again. Your reasoning ehn . . . Very dàft!

I am disappointed in you for failing to comprehend the Minister's statement.

She said that Jonathan's administration stopped export grant because of unprecedented abuse by the exporters hence the Buhari's administration decided to adopt the same policy.

To think that so many of your type liked your submission is equally absurd.