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Stats: 1285095 members, 1791831 topics. Date: Monday, 22 December 2014 at 03:53 AM
|Politics / Re: Goodbye Okonjo Iweala... by hercules07: 11:30pm On Dec 21|
The Federal Government has no right to withhold the allocations of the states, the FG is not superior to the states, the constitution is clear about these things, the extra accrued should be shared in the ratio of 52/48 stipulated, the FG can decide to put all of its 52% in its own ECA while the states can decide to spend it on what they wish as long as it is legal, for the FG to unilaterally decide to withhold the funds is unlawful and illegal. The FG can encourage the states to setup ECAs for the rainy day, it has no right to forcefully do this. Can we ask NOI where the 52% of the FG is, if the states did not save their 48% what happened to the FG's share? NOI is nothing but a charlatan, someone who has not been able to balance the budget in how many years, where recurrent is almost 70% of the total budget with incredible oil prices for almost four years. Trickle down economy is what will kill this country, the FG is the greatest parasite of all, just collecting rent and outsourcing most of the real functions to the states who earn less combined than the FG, we should move to a trickle up economy where the FG gets part of income tax, some level of company tax while states and LGs get income tax, company tax and a certain percentage of the income on natural resources within their domain.
|Religion / Re: Why Didnt God Just Forgive Mankind Instead Of Killing His Son??? by hercules07: 12:05pm On Dec 02|
You are asking the wrong questions, the question should be, why the heck do I care what Adam did, I am not related to him and I do not believe he is my ancestor, the stories in the bible are mostly fables garnished with some truths.
|Politics / Re: Nigeria May End Up Borrowing To Pay Salaries – Obasanjo by hercules07: 10:52am On Nov 28|
It was a dumb thing to pay back those debts, you had a nation with infrastructure deficit paying back close to $18bn at a go, what type of nonsense was that? We should have kept the debts and used the fund we had to restructure the economy, Saudi Arabia just built the second largest refinery with less than that amount, do you know the multiplier effect of such an investment?
|Politics / Re: Nigeria Road Shame Makes Yahoo Homepage. by hercules07: 7:37pm On Nov 07|
I am sure you know that people in Hong Kong are Chinese as well and we can see how vocal they have been in the last couple of days.
|Politics / Re: Nigeria Road Shame Makes Yahoo Homepage. by hercules07: 7:07pm On Nov 07|
Nigerian roads are bad, both at the state and federal levels, but, the greater shame should go to the FG, I am sure the total distance of roads at the Federal level is far less than that of intra city roads of 2 or 3 states combined, the FG gets the bulk of revenue in the country 56% compared to 44% for all other organs, there is no single justifiable reason for the FG not to over perform, those who are comparing a state to the FG are diminishing their arguments, FG has far less responsibility and more revenue than the states and its infrastructure should be top class.
|Politics / Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by hercules07: 1:29am On Nov 07|
Nigeria's debt profile from the 70s to now.
|Politics / Re: The Many Lies Of Buhari And APC Supporters by hercules07: 1:21am On Nov 07|
Nigeria's debt stock from the 70s.
|Foreign Affairs / Re: Barack Obama Finally Exposed As A Total Failure. God Bless America by hercules07: 3:18pm On Nov 05|
Why do you keep dancing around issues, I was talking about terrorism globally, the issue in the middle east spawned a lot of the terrorism we have now.
|Foreign Affairs / Re: Barack Obama Finally Exposed As A Total Failure. God Bless America by hercules07: 3:15pm On Nov 05|
He does not want to be educated, he has brought the same attitude he has to GEJ to this discussion, when saner people and most Americans are unhappy about Bush and his cohorts, he is telling us porkies here.
|Foreign Affairs / Re: Barack Obama Finally Exposed As A Total Failure. God Bless America by hercules07: 3:08pm On Nov 05|
Do not mind the guy, terrorism skyrocketed during Bush's time, Saddam was keeping Al-queda out of Iraq, Bush had to go in and destabilise the whole of the middle east, his business partners, the Saudis have been sponsoring terrorism in the Middle East for eons.
|Foreign Affairs / Re: Barack Obama Finally Exposed As A Total Failure. God Bless America by hercules07: 3:07pm On Nov 05|
I can not see where I wrote about Obama being a man with my skin colour, we are talking about democrats and republicans not individuals. Bush put the Americans in the nonsense they are in now, he could not get Osama bin laden, he invaded Iraq and put the cost on a credit card, the great depression happened on his watch, the greatest attack on America happened under his watch, american embassies were attacked and people killed under his watch, please, Bush is the worst thing to have happened to the Americans in a very very long time, as per his policies towards Africa, he did not give a damn. Islamic terrorism exploded under Bush, for Christ's sake, the guy handled Iraq after the war like an amateur.
|Foreign Affairs / Re: Barack Obama Finally Exposed As A Total Failure. God Bless America by hercules07: 2:57pm On Nov 05|
I can not imagine anybody especially Africans rejoicing about republicans winning, the same set of people that have tried to repeal Obamacare 25 times in 6 years.
|Foreign Affairs / Re: Barack Obama Finally Exposed As A Total Failure. God Bless America by hercules07: 2:56pm On Nov 05|
Please read up about elections voting pattern in the US and stop this nonsense, the elections of Republicans is going to affect African Americans and Nigerians, those guys have no love for anybody not of their skin and class, and if they ever get the white house, just know that BH will escalate beyond anything you have ever witnessed, they will start their wars in the middle east and africa and BH will have new training facilities.
|Foreign Affairs / Re: Barack Obama Finally Exposed As A Total Failure. God Bless America by hercules07: 2:49pm On Nov 05|
Apparently you do not know about politics in the US, the turnout of democrats is usually low at these elections, also, the republicans have gerrymandered the districts so they will win, in 2 years democrats will still win the white house and at least one of the houses will be back in their control.
The issue of PDP or Jonathan being nothing more than failures is not up for debate, because the economy was rebased means Jonathan is trying abi when oil has been at record highs in the last 16 years yet no steady power.
|Politics / Re: Nigeria At Risk Over Falling Oil Price : FG by hercules07: 11:50am On Oct 27|
It is not a conspiracy, that is the actual fact, I do not think the Saudis are doing it willingly, the US is behind it and the intention is to cripple Russia's economy and probably cause Social unrest in Russia.
|Politics / Re: Terrorism: FG Asks Court For Secret trial Of Ndume by hercules07: 12:04pm On Oct 22|
We should not accept secret trials, the judge should rule against this, the simple reason is because it sets a precedent, soon, all trials will be secret and the counsels will always quote the precedent set in Ndume's case, apparently Nigerians do not know the danger of this request, any case against the government will now be in secret, opposition members being charged to court will be in secret, take government to court on any charge and you are tried in secret, is that the democracy we want?
|Business / Re: FG To Spend N1 Trillion On Petrol Subsidy In 2015 by hercules07: 4:15pm On Oct 17|
What the heck are you saying, Total refines oil in Saudi why can they not refine in Nigeria, they started the project 4 years ago, if your government had their head screwed on tight, that refinery will be in Nigeria not Saudi Arabia, the roles will be reversed, they will refine in Nigeria and sell in Nigeria, they are playing the mother vessel game because the government allows them to, why dont they try that nonsense in Saudi and see how far they will get.
|Business / Re: FG To Spend N1 Trillion On Petrol Subsidy In 2015 by hercules07: 3:41pm On Oct 17|
Total dropped the cash to build a refinery for export, they are refining in Saudi Arabia, a stonethrow away, SADARA is building a petrochemical plant to use the products from the refinery, Total will sell the refined oil in Saudi Arabia if a market exists there, there is a huge market for refined products in Nigeria seeing as we import refined products, so, what stops the government from doing the same thing as the Saudi Arabian government? Total needs to earn, it will sell to the devil if he can pay on time, Nigeria can pay on time, why are we not doing this in our country, the number of people employed in that refinery is over 2 thousand, the added value is more than the $20bn used to build it.
|Business / Re: FG To Spend N1 Trillion On Petrol Subsidy In 2015 by hercules07: 3:03pm On Oct 17|
They are a major player in extraction not refining, they dropped the cash for the refinery in the Saudi Arabia, why do I care about Middle east gasoline in the wholesale market, I am talking about refining our crude in Nigeria by entering into partnerships with the same set of people who have done it in other places, but, our government will not do that because the subsidy scam is good for their politics, it is good for their pockets as well, instead of fighting to remove subsidies for 16 years, why not use those same 16 years to build refineries by going into partnerships with people like Total, according to our government, subsidy is $6bn, then sales of the refined oil in Nigeria should be north of $12bn in Nigeria only and excess can be shipped abroad, that should be good enough for any oil company, afterall, they are in the business to make money whether from Nigerians or anywhere else.
|Business / Re: FG To Spend N1 Trillion On Petrol Subsidy In 2015 by hercules07: 2:51pm On Oct 17|
Yeah right, as if your government wants to do what is right, the government profits from the scam, why can the government now work with the Totals of this world just like Saudi Arabia is doing, afterall, Aramco is a mostly owned by the Saudi government.
|Business / Re: FG To Spend N1 Trillion On Petrol Subsidy In 2015 by hercules07: 2:43pm On Oct 17|
Fuel subsidy is a big scam, 1 trillion Naira is about $6B, in the last 4 years we have spent almost $20B on subsidy, that is the cost of Total's largest refinery in Saudi Arabia (Second Largest in the world), it was completed in 4 years, joint venture between Total and Saudi Aramco, a stone throw from that refinery is a Petrochemical Plant by SADARA nearing completion, started about 1 year ago, sit down there and be defending the crooks milking Nigerians dry, the cost of oil in Saudi Arabia is dirt cheap (#21 per liter) because they refine their oil, are they not signed up to the same OPEC that we are?
|Politics / Re: Why Not Fashola? by hercules07: 9:36pm On Oct 13|
What Nigeria needs is strong men of character to build the institutions, Fashola can not deliver as many votes as Buhari, Fashola can play a pivotal role in the administration as a minister or a Senator.
|Politics / Re: The Truth: Jonathan Speaks English Better Than Buhari. by hercules07: 2:12pm On Sep 27|
He appointed those who did, not everybody believes in feudal capitalism.
|Politics / Re: The Truth: Jonathan Speaks English Better Than Buhari. by hercules07: 11:48am On Sep 27|
He led before and his economic policies were sound for the time, carriage is more important than your accent, nobody understands GEJ's english at the UN.
|Politics / Re: NIGERIA: A Nation Of Fools by hercules07: 11:44am On Sep 27|
Your president controls 56% of everything, that is why his name is shouted, let him devolve powers to the state and stop interfering, people will crucify their governors.
|Politics / Re: US Denies Blocking Fg’s Purchase Of War Aircraft by hercules07: 12:20pm On Sep 25|
Hustling in the negative sense, buying government protection, bribing and so on, I do not think he can be a millionaire in an organised society, who dashes monkey banana.
|Politics / Re: US Denies Blocking Fg’s Purchase Of War Aircraft by hercules07: 12:10pm On Sep 25|
Lagos has not been sold to anybody, though, there is a lot of corruption in Lagos as well. Dangote is a hustler, in Nigeria, his type of hustling yields returns at a geometric pace.
|Politics / Re: US Denies Blocking Fg’s Purchase Of War Aircraft by hercules07: 12:06pm On Sep 25|
Not true, after the second world war, the US and Russia packed the German scientists who were at the forefront of Nuclear technology.
|Politics / Re: US Denies Blocking Fg’s Purchase Of War Aircraft by hercules07: 11:45am On Sep 25|
Nigerians who travel out and return to the country and are able to live in the country and continue with the same crazy attitude are certifiable loons, heck, a cat's life is worth more in some countries than a human life in naija. We should stop getting Finance Ministers from the World bank, their ideas benefit the 1 percent. I do not even know Okonjo's ideology, apart from borrowing money for recurrent activities.
|Politics / Re: US Denies Blocking Fg’s Purchase Of War Aircraft by hercules07: 11:43am On Sep 25|
Please read up on those countries before spouting nonsense, China that has been around for over 3000 years, the Persians, the Indians did not have great universities? Please remove Emeagwali from that list, the guy is a fraud, Innoson is a business man, he is no better than the Alaba boys.
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|Politics / Re: US Denies Blocking Fg’s Purchase Of War Aircraft by hercules07: 11:36am On Sep 25|
It is the MTN effect, Nitel poor, MTN good = Privatisation >>>>> "Publictisations". Simpletons.
|Politics / Re: US Denies Blocking Fg’s Purchase Of War Aircraft by hercules07: 11:28am On Sep 25|
Any competent Army will route the Nigeria Army in days not weeks, they should thank their stars they are fighting BH, imagine them against these ISIS guys.
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