[size=13pt]The author did not factor-in the huge debt that these states have incurred of which they willingly signed ISPOs for their accounts to be deducted at source.

States have taken all manner of debt to finance their bogus projects which can be likened to modern day Tower of Babel.

Osun State in particular experimented with all manner of debt financing; bonds, Sukuk, bank loan, Rivers State loan, Bourdillon loan etc to finance questionable projects like roads to no where, Ifa worshipers' pilgrimage to Cuba, Buhari elections and so on.

How on earth would these states now be expected to drink their Fura de Nunu and still have it?

[/size]

Neither do you make sense with your analogy!

tola9ja:
The President is so dumb by that statement of Goat (corrupt officials/pdp) and Yam (National Treasury). He's said if you don't want Goat to eat

the yam, you pack the yams away from the goat... what! How about leave the yam and the goat while you are close by holding a stick

(EFCC/ICPC), with a stern look in your face, would the goat approach the yam? Goat being a sturbon animal like every pdp criminal will

definately try to make attempt but when you hit d goat or corrupt official with the stick (EFCC/ICPC) gbam! The goat won't come near again

and other goat/pdp criminal will learn from the punishment.

We have a President that's so dull and evil. Why worrying yourself packing truck loads of yam away because of some few Goats (Fayose,

Fani-kayode, Daizine, Ngozi, Clark, Koro, Ihejirika, Maina, Moro) etc

What a silly analogy! This President is NOT in anyway inspiring

jpphilips:



Who is the editor of Vanguard? he must have been inately dumb to approve a s!lly articule like this;

on the bold parts;

Crude Export volume is not determined by the FG but OPEC
Crude benchmark is not determined but FG but the Senate calls the final shot.

The misplaced these emperical facts yet an editor approved this? I thought Mr clueless has left.

[size=13pt]But the Senate is part of FG.[/size]

There is this portion of human brain that is useless. The proof of is see in the educated youth trust this dullard with their future. They support any evil he does and any Nonsense he says from his talkative mouth.

"Now we are all in trouble as crude prices plummet to US$40 per barrel next year." I have warned you several times that oil will soon become useless,some rained insults on me,check those comments on my previous posts. Oil will be sold for $10/barrel.

had the state governors harkened to the advice of Madam Ngozi, we wouldn't be in this mess. it was only Obi the ex Gov. of Anambra state who listened and saved for the rainy day. that's why it's appears only Lagos, Anambra and a few other state are somewhat immune to this unending finanacial crisis. I'm particularly impressed with the Govt. of Anambra state.

nijanigga:
"Now we are all in trouble as crude prices plummet to US$40 per barrel next year." I have warned you several times that oil will soon become useless,some rained insults on me,check those comments on my previous posts. Oil will be sold for $10/barrel.

Once crude oil no longer yields enough revenues to Nigeria, Arewa Islamic republic shall emerge. Sorry, Oduduwa Republic may be first to emerge, followed by Arewa and others.

Oi price slump and Boko violence may be natural ways God wants to use to resolve the unclean, forced and unworkable marriage of northern and southern protectorates of Great Britain in West Africa, a marriage that has been violently consuming millions of its offspring.

discusant:


Once crude oil no longer yields enough revenues to Nigeria, Arewa Islamic republic shall emerge. Sorry, Oduduwa Republic may be first to emerge, followed by Arewa and others.

AND which republic do you belong to and who will clean the mess in Niger-delta ? cos they will be the losers.

tola9ja:
MUMU GIDI

OREMUMUSACTUS

MUMUNISTER

THOSE ARE THE TOP WAILERS I KNOW IN THIS PLATFORM

Tell me what the News is all about? I bet your stupidity, you didnt read the news atall.

just rushed to shout wailing! wailing !!

Do you think wailing is a bad thing?
Is only abnormalities like you that keep mute when they do not feel at easy for the fear of being castigated.

Treat your complex of fatal error called inferiority

[s]

warranger:


Tell me what the News is all about? I bet your stupidity, you didnt read the news atall.

[/s]

nijanigga:

AND which republic do you belong to and who will clean the mess in Niger-delta ? cos they will be the losers.

See you and small pickin blackmail. Nigerdelta shall take care of cleaning its environment. Do not worry.

discusant:


See you and small pickin blackmail. Nigerdelta shall take care of cleaning the its environment. Do not worry.

I worry, where will they find money for clean up,if oil were to be sold at $10/barrel?

He who comes to Equity must come with clean hands, we talk about Jonathan, yet are quick to forget the mess Obasanjo who is parading now as an elder statesman a la advisor and consultant, caused this country, 16bn dollars!!, spent on Power projects, yet nothing was achieved! What happened to the fund?? The Ajaokuta steel mill is there rotting away, after millions of dollars were pumped in. Nigeria ranks amongst the top 15 countries that produces fresh tomatoes, yet we do not have a single tomato processing plant in this country. Our over dependency on oil and corruption is killing us as a country. The state government needs to seriously think outside the box, this sign was there, yet the prefer to go cap in hand to Abuja, for their monthly pocket money.

#Fact

discusant:
No inflow of foreign investment, oil money directed more to fighting Boko Haram, than to development.

Southern Nigeria politicians are acting one Nigeria mugu politicians for the benefit of northern Nigeria politicians who indirectly invented Boko Haram when they adopted use of sharia criminal laws. Boko Haram maintains that it is fighting for a country governed by sharia criminal laws.


Boko Haram has drained Nigeria up financially but many Nigerians, especially the politicians from the south play Mumu one Nigeria, instead of detaching their people and areas from Nigeria.

Boko Haram are not a foolish band of anarchists that go about killing people. They have an objective: making Islam the only religion in Nigeria, making use of sharia criminal justice system the only justice system in Nigeria.

Nigeria may fight them till eternity.

Jacksparrow0712:
Nigeria is a joke

If you are a Nigerian then you are a joker, lol.

/
Oil is below $50/barrel again.

There is going to be a lot of pain financially. Nigerians better buckle up for imminent hardship. Of course, a lot of jobs will go in the Oil & Gas sector. Shell will offload 6500. But that's not enough. At least about 100k jobs total in the oil sector need to go to protect the oil companies' bottomlines if oil stays below $50/barrel for a month.

Save your money!

/

This article is on point. But it is saying what we already know. Nigeria needs to set economic goals and meet them or the next generation will bear the brunt.

I said it before and will say it again....

anonimi:
Stories flying around at the speed of light to justify the APC looters, chai.

Not so long ago =>

I'm telling you and the current Head of State would not even began to comprehend what his party members aka looters would be filling his head with. APC knows why they put Buhari as head of state, they know his cognitive thinking skills are damaged with demented and were never running at full capacity even 20 years ago. I'm really getting worried

MARKone:
He who comes to Equity must come with clean hands, we talk about Jonathan, yet are quick to forget the mess Obasanjo who is parading now as an elder statesman a la advisor and consultant, caused this country, 16bn dollars!!, spent on Power projects, yet nothing was achieved! What happened to the fund?? The Ajaokuta steel mill is there rotting away, after millions of dollars were pumped in. Nigeria ranks amongst the top 15 countries that produces fresh tomatoes, yet we do not have a single tomato processing plant in this country. Our over dependency on oil and corruption is killing us as a country. The state government needs to seriously think outside the box, this sign was there, yet the prefer to go cap in hand to Abuja, for their monthly pocket money.

GBAM!!!!!

The OPs analysis is very daft

Lol we done enter freemanan krystalzkris c una Nija oh....

Relocating to Spain...

We all jokers

tonyfrenzy:

If you are a Nigerian then you are a joker, lol.

Jetjacky:
Lol we done enter freemanan krystalzkris c una Nija oh....

Relocating to Spain...

y u dey run?

Lol... You wan here am from my mouth?? ....I know wan smoke garri.....

Krystalzkris:
y u dey run?

warranger:


Tell me what the News is all about? I bet your stupidity, you didnt read the news atall.

just rushed to shout wailing! wailing !!

Do you think wailing is a bad thing?
Is only abnormalities like you that keep mute when they do not feel at easy for the fear of being castigated.

Treat your complex of fatal error called inferiority

wailing is not a bad thing you and your family will wail through out buhari's tenure

Is either Nairaland is now a forum of Nigerian Chaff minds or Kids. In that case, this forum its gradually losing what made it popular.

Back then, we would have seen strong analogies from Nigerians home and Abroad, but today all u see when an importantt topic llike this come up is dafts booking space they will never use, or saying nonsense or out of topic.

Now the truth is that, for Nigeria to develop, 2 things must be done, if not we are just wasting our time. Buhari can't do any magic. By 2019, every thing will even be worst, Unless this 2 things are done.

1. true federalism, states with natural reourses, can develop their resourses and send certain % of fund to federal..... yl other resources shared with different %.
2. Economic power must go to States and/or regions and Autonomous LGA's while federal Govt should retain, military, police for now, CBN, Foriegn affairs. some tetiarry institutions and tetiary Hospitals as symbols of our National pride,

With this, in 10yrs, the story of Nigeria will be a proud one.

iiiyyyk:
Is either Nairaland is now a forum of Nigerian Chaff minds or Kids. In that case, this forum its gradually losing what made it popular.

Back then, we would have seen strong analogies from Nigerians home and Abroad, but today all u see when an importantt topic llike this come up is dafts booking space they will never use, or saying nonsense or out of topic.

Now the truth is that, for Nigeria to develop, 2 things must be done, if not we are just wasting our time. Buhari can't do any magic. By 2019, every thing will even be worst, Unless this 2 things are done.

1. true federalism, states with natural reourses, can develop their resourses and send certain % of fund to federal..... yl other resources shared with different %.
2. Economic power must go to States and/or regions and Autonomous LGA's while federal Govt should retain, military, police for now, CBN, Foriegn affairs. some tetiarry institutions and tetiary Hospitals as symbols of our National pride,

With this, in 10yrs, the story of Nigeria will be a proud one.

problem is some Nigerians are not disposed to these points you posted..

asha80:
problem is some Nigerians are not disposed to these points you posted..

You are right, but
The ruling class know this, but because of some selfish reasons and the amount of loot easily gain in abuja, they have refused to makè changes. And until these changes are made, Nigeria will not move an inch in terms of real development.

It is close to imposible for Nigeria to attain any meaningful and sustainable growth with our present skewed system. We can keep decieving our selves.....

iiiyyyk:
Is either Nairaland is now a forum of Nigerian Chaff minds or Kids. In that case, this forum its gradually losing what made it popular.

Back then, we would have seen strong analogies from Nigerians home and Abroad, but today all u see when an importantt topic llike this come up is dafts booking space they will never use, or saying nonsense or out of topic.

Now the truth is that, for Nigeria to develop, 2 things must be done, if not we are just wasting our time. Buhari can't do any magic. By 2019, every thing will even be worst, Unless this 2 things are done.

1. true federalism, states with natural reourses, can develop their resourses and send certain % of fund to federal..... yl other resources shared with different %.
2. Economic power must go to States and/or regions and Autonomous LGA's while federal Govt should retain, military, police for now, CBN, Foriegn affairs. some tetiarry institutions and tetiary Hospitals as symbols of our National pride,

With this, in 10yrs, the story of Nigeria will be a proud one.

The bolded, very apt. I miss the Nairaland of old where I'll learn a thing or two from the topic. People like manny4life and others having healthy arguments with other economists on this forum.

wo1F:
All ye "change agents" that brought this plague on us all may feel the need to hold fire where Buhari is concerned.

Nigeria should prepare for 4 years of acute stagnancy. You voted out a champion of the free enterprise system and voted in a person who believes in a centrally controlled economy. So yeah..

APC!!! Chanji!!


Idiot.s

Please read the writeup before writing rubbish here. Nonsensical

If u are too dull not to understand this brief article then I pity your parents who wasted so much money on your education.

This write up has only condemned the military and PDP governments,at the centre for16-year, right from Obasanjo to Jonathan for cheating the States and Local Governments.

It is up to them to stand up and monitor the sharing formula as well as try to brace up, stop being lazy, think about generating revenues on their own.

What concerns PMB with the past 16 yrs rulings of PDP?, you are rightly biased and mentally derailed, you seriously need to seek the attention of a psychiatrist doctor. Semi illiterate oaf.

wo1F:
All ye "change agents" that brought this plague on us all may feel the need to hold fire where Buhari is concerned.

Nigeria should prepare for 4 years of acute stagnancy. You voted out a champion of the free enterprise system and voted in a person who believes in a centrally controlled economy. So yeah..

APC!!! Chanji!!

Idiot.s