olajide8:
This Paris club money no dey finish, abi we Don get shares for Paris club? Or wetin I go call this kind money - royalties? E no dey finish ni?

Abeg make them pay local contractors O! Because I no understand again

I was about to ask the same question - if this doesn't finish then abacha loot would never finish

Architectsly:
Biko for the sake of Humanity, whoever is sharing the money should as a matter of urgency request for the KOGI STATES CIVIL SERVANTS DETAILS and pay directly to there account.


Best Regards.

You get am. If that money enter Bello and Edward hand na voicemail.

Make dem share am after May 29 or June 12. If all the outgoing governors touch that money, e go be their farewell package

The mmey should be released after May 29, to forestall its looting by outgoing governors like philadepia, if you know you know.

They should use this money for poverty alleviation\empowerment programmes like grants & loans.
capital project is a scam

If only Nigerians will learn that charity begins at home, imagine holding your governors accountable for once, it will make a whole lot of difference but no, we are more concerned with Buhari.
The funny thing is that even with this money, the rogue governors won't clear backlog of salaries and pension arrears...

grandstar:
How can you pump prime an economy suffering from stagflation? It will simply spike up inflation and the CBN will be forced to increase interest rates to mop up excess money and cool down inflation. That's why lending rates are so high.

A different route would have made sense.

One,the pegging of the Naira to the dollar by Buhari worsened the downturn caused by the collapse in crude oil prices. This plunged the economy into a very severe recession lasting 6 quarters.

The steps government should have taken are these:

1. End the multiple exchange rate policy which screams quacks are in charge of running the economy and this destroys investors confidence. It also creates distortions in the economy, deprives the 3 tiers of government revenue and is a major source of corruption today.

2. Slash company tax to 12%.and end withholding tax on dividends.

This will encourage both local and foriegn investments into the country. Low taxes is a proven formula for fast economic growth. That's the secret of Ireland today and it's also helping Central European economies as well

The above 2 would be enough to revive the economy and make it grow by at least 6% annually for years.

I quite agree with you.
In addition government should reduce the cost of governance which is very high and makes it difficult for meaningful progress. We don't need to keep borrowing only for politicians in govt to corner the money by fraudulent means.
Reduce the cost of governance drastically.
Use the money saved to solve power problems once and ensure we can refine our fuel at home. This will get rid of subsidy and bring down pump price.
If these are done, expect foreign direct investment
to increase leading new industries springing up and jobs being generated.

Abeg make this money No enter yaya belo hand o!

grandstar:
How can you pump prime an economy suffering from stagflation? It will simply spike up inflation and the CBN will be forced to increase interest rates to mop up excess money and cool down inflation. That's why lending rates are so high.

A different route would have made sense.

One,the pegging of the Naira to the dollar by Buhari worsened the downturn caused by the collapse in crude oil prices. This plunged the economy into a very severe recession lasting 6 quarters.

The steps government should have taken are these:

1. End the multiple exchange rate policy which screams quacks are in charge of running the economy and this destroys investors confidence. It also creates distortions in the economy, deprives the 3 tiers of government revenue and is a major source of corruption today.

2. Slash company tax to 12%.and end withholding tax on dividends.

This will encourage both local and foriegn investments into the country. Low taxes is a proven formula for fast economic growth. That's the secret of Ireland today and it's also helping Central European economies as well

The above 2 would be enough to revive the economy and make it grow by at least 6% annually for years.

Everything you have said is wrong but 1, ending of the multiple exchange rates - but you also failed to state the fact as it is today the exchange rate in the open and black market have considerably closed up you can get it from the cbn at N360 and the black market at N365 - the N306 is used for economic reading purposes i.e crude oil exchange rate and payment of debts to international lenders

A slash of income tax would not necessarily lead to more funds for investment because every business man wants to maximize profit by reducing cost - so I beg to defer on the kind of inflation we have, we don't have stagflation? we don't even have the right term of definition for our inflation - start with what is inflation excess money chasing few goods- then bend into the definition of profit mark up of the cost so is inflation bad NO! The right level of inflation is what we have not been able to find- to our scenario is excess money chasing few goods? Where Is the money, if you want to debate this look at the stock market excess money in the economy goes there- but what is the value of the stock market today N10.8trn so do we have inflation? In my analysis we have CPI inflation and it's caused by middle men, cost of logistics - my opinion is we do not have the right level of production by labour - meaning we are not creating wealth commensurate with our under quoted population, causing a demand for what is few, with no money to even buy the few items, because we are a cash based economy - let's leave it at this for now - enjoy your day

Further more we are not out of recession we are only on a recession break because of the improved price of crude oil

Mass looting is about to commence!

Scetrocom:


I quite agree with you.
In addition government should reduce the cost of governance which is very high and makes it difficult for meaningful progress. We don't need to keep borrowing only for politicians in govt to corner the money by fraudulent means.
Reduce the cost of governance drastically.
Use the money saved to solve power problems once and ensure we can refine our fuel at home. This will get rid of subsidy and bring down pump price.
If these are done, expect foreign direct investment
to increase leading new industries springing up and jobs being generated.

Thanks for your reaponse.

You said that if petrol is refined here, it will lead t o reduction in the pump price and eliminate the need for subsidies. Are you sure it will eliminate the need for subsidies? What authoritative source did you get that from? I would like to know

make una no give KOGI STATE GOVERNOR/GOVERNMENT ANYTIN INSIDE DAT MONEY OOO, IF NOT HE/THEM GO JUST SHARE THE MONEY AMONG THEIR SELVES AND DO NOTHING. EVEN SALARY, THEM NO GO PAY

state politicians would be smiling now. more hard currency..more push in their garrage. more money for their harlots.. while the masses suffer and celebrate them. life is unfair on a common man.

Pls FG don't release it now let it be after the handover or else, these out going thief's Will runaway with it.
GOD help Nigeria.

To fix your laptop or phone, pls contact this Numb you want to buy or need the pact's make Hearst and call 081 8 6 3 9 2 8 6 3 consider it down and safe.

Without proper machineries to track how this money are spent the state governor's will only squander it as usual esp this useless gov yahaya Bello of kogi state

Parting Gifts for outgoing Governors

Don't give Kogi and don't give governors whose tenures expires this month.... They will embezzle it

computermouse:


I was about to ask the same question - if this doesn't finish then abacha loot would never finish

Thank God they said it's the last batch