lalasticlala:




http://www.informationng.com/2015/05/leave-jonathan-alone-and-focus-on-the-task-ahead-alkali-tells-apc.html

what rubbish topic is these leave Jonathan to destroy Nigeria

All these jokers who bomb threads with statements like "APC should wave it's magic wand to fix Nigeria's issues" have tacitly agreed that PDP hasn't addressed the same issues.

Let them keep talking and talking is in their DNA instead to be focusing on what is ahead of them they won't all they love doing is blah blah blah blah.
Association of Political Cultist(APC)

Fake people with propaganda and lies

"One good turn deserves another"

Did the PDP ever let Buhari drink water and keep cup? They are on a long thing.

THE SAME MOUTH WILL ONE DAY SAY, HE WAS A VERY GOOD MAN. THEY FOUGHT HIM WILL ALL THEIR WICKEDNESS (BOKOHARAM) AND THEY THINK THEIRS WILL BE A VERY SMOOTH RIDE.
I PITY NIGERIANS COS AFTER THIS SECOND FAZE WE WILL BE DUMBFOUNDED.
I PRAY IT DOESNT TAKE OUR HEADS

GEJ has already done a lot of harm to the country and he is still doing more damage.All this hire and fire in appointment is uncall for from a government who is about to leave power.

Waiting for $1=N1 and oil to start selling for $120 per barrel as promised by APC and the able General

How wil he be left alone, he must atone for his stewardship over the years ok. That is called transparency and accountability.

Omadachi:
GEJ has already done a lot of harm to the country and he is still doing more damage.All this hire and fire in appointment is uncall for from a government who is about to leave power.

Shut up


Tell Baba One Chance to perform his


DUARA MAGIC

MrMcJay:
They can't leave GEJ alone, they need to ensure his political career gets a befitting burial.

I see that a lot of ignorant saTANists and TANoids are also goading Alkali on. GEJ can't be left alone until the 29th of May. After that day, he would be held accountable for his misdeeds in office. Whether he would face the music directly or indirectly is another matter.

As at today, I still feed GEJ, clothe him, pay for his wife's grammar tutor, pay for his medicare bills and pay for his transportation with my taxes.

Mediocre Professors like Alkali who don't understand that should keep shut.

My dear yes you do.
Show us your tax return Like GEJ

A party still in shock after victory...not capable of changing its mentality from former opposition to ruling party.
It's like they are stuck on GEJ.
GMB has had 16years of study and should concentrate on his plans to implement all his electoral promises.

MrMcJay:
They can't leave GEJ alone, they need to ensure his political career gets a befitting burial.

I see that a lot of ignorant saTANists and TANoids are also goading Alkali on. GEJ can't be left alone until the 29th of May. After that day, he would be held accountable for his misdeeds in office. Whether he would face the music directly or indirectly is another matter.

As at today, I still feed GEJ, clothe him, pay for his wife's grammar tutor, pay for his medicare bills and pay for his transportation with my taxes.

Mediocre Professors like Alkali who don't understand that should keep shut.

Your taxes don't do anything for GEJ. The oil in the Niger Delta is what feeds and clothes GEJ.

its jonathan a good leader? just imagine the way the manage the country our dept rise to 1trillion

Nigeria’s economy under threat as debts hit N11tr
May 6, 2015
Written by SIMEON EBULU, Group Business Editor


The growing profile of Nigeria’s debt has become a source of concern, given the Federal Government’s penchant to add to its stock. The latest addition of N473 billion, has once again opened the floodgate of the spiral rise, with its attendant consequences, reports SIMEON EBULU, Group Business Editor

FEAR may well be the word to describe the state of Nigeria’s debt profile, hovering at N11.24 trillion as at December 31, 2014 and still rising.

The level which the nation’s debt overhang has attained is like a death-knell. Yet it keeps climbing.

The revelation by the Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Nweala, that the Federal Government has borrowed N473 billion in the first quarter of this year to execute the 2015 National Budget, is another clear case of one-more borrowing too many, so to speak.

Dr. Okonjo-Iweala said yesterday that of the N882 billon budgetary provision for borrowing, the Federal Government had already accessed N473 billion to fund Recurrent Expenditure, such as salaries and other overheads. The obvious reason for this development, she stressed, is the 50 per cent decline in the spot market of crude prices .which has inadvertently resulted in a cash crunch for the country.

To remain focused on keeping the economy stable and the government running, the government has embarked on “front-loaded borrowing programme to manage the cash crunch in the economy,” she said.

Nigeria’s borrowing profile from independence, is a study in itself. Going by the data available to The Nation, there appears to be more questions than answers when it comes to x-raying how the nation arrived at this point in time, where nothing gets done unless it is powered by external revenue sources, rather than internally generated funds, or revenues earned from known government sources, such as taxes, oil and non-oil exports.

The hint that Nigeria would go a borrowing again, was given by Mrs. Okonjo-Iweala in far- away America in April during the last International Monetary Fund (IMF)/World Bank Group Spring meetings in Washington DC, United States (U.S.).

On prospects of further borrowing, she said: “Government is considering and in fact taking steps to actualise this with the World Bank Group and the African Development Bank (AfDB).” The other option of tapping the capital markets would be left for the incoming government. She said the government decided to look outside the nation’s shores for the next round of borrowing because it has reached, and almost exceeded taking the ceiling for local debts.

Mrs. Okonjo-Iweala said: “Our borrowing strategy is very prudent, and what we will do is that we have a lot of domestic borrowing than we want, so we are trying to switch and have a little more of external borrowing, but by drawing heavily on the multilateral institutions. So we will be going to the World Bank and the AfDB, and we will also look into the markets. But for the multilaterals, we’ve already embarked on discussions.”

Her disclosure that N473 billion has been borrowed is a confirmation that the proposal has eventually been actualised.

In its 2014 Debt Sustainability Analysis (DSA), the nation also adopted a subsisting debt management strategy as captured in the approved Nigeria’s Medium-Term Debt Management Strategy (MTDS), for 2012-2015, which seeks to achieve an optimal mix in the debt portfolio of 60:40 for domestic and external debts respectively as against the current mix of 83:17 through a gradual substitution of relatively more expensive domestic borrowing with cheaper external financing. Thus, the 2014 DSA has already incorporated government’s policy objective of reducing the overall cost of government borrowing at an acceptable level of risks. This may have informed the minister’s statement of government’s preference for approaching multilateral agencies.

The objective of the 2014 DSA is to assess the country’s capacity to finance its projects/programmes and service its debt obligations, without undue large adjustments that may compromise its macroeconomic stability, overall growth and development.

The government’s avowed confidence that it can continue to borrow on the argument that it falls within a safe threshold, is punctured when examined under an uncertain economic regime, as being faced by Nigeria. Even the government admitted this by its own record. It underlined the risks inherent on its path.

“The pessimistic scenario ( where Nigeria is presently), assumes a reduction in the growth of the Gross Domestic Product (GDP), increase in the rate of inflation, decline in revenue accruing to the Federal Government as a result of a fall in crude oil prices, deterioration in fiscal deficit and current balance, amongst others. Unlike in the previous years, which made pessimistic scenario revenue-specific, this years DSA considered deterioration in a broad range of macroeconomic indicators and variables that could impact negatively on the debt portfolio,” the sustainability analysis annual report said.

Although the results indicate that the country will still remain at a low risk of debt distress under the pessimistic scenario, it also shows a rising trend for all the debt indicators throughout the projection period. This means that a prolonged deterioration in one or two of the variables could increase the risk of debt sustainability.

The growing concern over the country’s debt overhang has been on the front burner for years, but often times, government officials have always argued that the nation’s debt level has not gone out of a safe trajectory. However, the lid over this confidence margin, appears to be weakening and increasingly contested.

A lecturer at the Pan Atlantic University, Lagos, Dr. Austin Nweze, pointed out a grave danger in accumulating excessive foreign debts as such would place undue burden on future generations, especially if the loans are not channeled into capital projects.

He said that the danger lies ahead for the economy, should the existing level of borrowing from big nations continue, which could make the country to depend on lending nations.

Nweze, however, said that there is nothing wrong in borrowing provided the funds are well utilised or invested in the provision of infrastructure.

According to him, the fall in oil prices has reduced revenue receipts, forcing the government to look for money to run the economy.

He urged the government not to leave behind a heavy foreign debt burden for the present and unborn generations. He cautioned that Nigeria, already under a heavy burden of foreign debts could be in great danger.



He urged the ruling class and the older generations to set good example and educate the coming generations for a better and secured future. According to him, such example should be set by not accumulating debt for future generations to inherit.

He urged the government to invest borrowed money in projects that will benefit the economy, instead of consuming the money.

Dr. Isaac Nwaogwugwu, a lecturer at Department of Economics, University of Lagos, said there is no way we are going to finance capital budget without borrowing.

He said: “That is why the allocation to capital account or expenditure is very small unless the government says it not ready to invest or provide for the future then it’s going to borrow.

“If government is committed to developmental issues there is no way it can run away from that? So, the volume of borrowed amount, or our debt stock wouldn’t matter so much. They can always try to cut down what they have borrowing and not that they can’t borrow.”



Leakages



Nwaogwugwu went on: “The danger on borrowing lies on fiscal leakages. If government can block leakages, that will be fine and that is the task for the new government, though the president-elect will find his hands tight on many issues.

“We can’t run away from borrowing but all we have to do is to ensure that we block all leakages. All we have to do is that we become bold enough to address some fiscal issues involved in recurrent spending. Many things we spend on recurrent expenditures are simply used to maintain some people who run government.



Funds not tied to

specific projects



“That issue started under former President Olusegun Obasanjo. If you look at the letter which Soludo (the former Central Bank of Nigeria Governor) wrote when he was talking about the Jonathan administration and how he mismanaged the economy, he raised the issue of using the budget to finance consumption expenditure.

“Basically, Soludo called the budget under President Jonathan a consumption appropraition. In as much as I agree with Soludo totally, I also hold him accountable for some of the mistakes. It was when Obasanjo was in the office that Soludo was the CBN Governor, before Sanusi Lamido, took over with this minister of state for finance, who replaced Okonjo-Iweala . “It was after that we borrowed money, they called it capital receipt and we used that money to pay salaries and wages; we used that money for recurrent expenditure. We borrowed money and we don’t tie it to capital projects. That is one of the biggest issue and where the dangers lie. Such loans must be tied to the budget and if we don’t, we’ll be mortgaging the future of Nigerians.



The way out



Nwaogwugwu said: “We have to be fiscally discipline. We saw the Senate pass the bill; we saw the House of Representatives pass the bill and what did we see? The budget has increased. It has gone up to N4.5 trillion. But, what we discovered that National Assembly increased spending and mark up expenditure on things that might not be necessary. That has always been the problem. If the National Assembly can look at the budget critically and say, ‘we don’t need this; we don’t need that; let us start with their own remuneration; begin to cut them down, look at how much they are collecting’.

“Look at the severance allowances… unless you cut these down, there is no way out. You look at the state bureaucrat today; the havoc they have caused to the economy is huge. Look at the monetisation policy of Obasanjo, they have abandoned it completely. Unless we have a National Assembly that is bold enough to say, ‘lets block this and that’, then we will move forward. The way out is that those we have elected should block all leakages. If the politicians do the right thing we won’t have any problem.

Any citizen that is praying for the downfall or falure of this incomming administration is praying for his or her falure because if this administration, fail what we are suffering from today is the failure and negligence of our past leaders and our generation and unborn children will continue from this hardship,and mind you the so called jonathan and all his cabinet and also all the nigerian politician will never experience poverty again so this is a wake up call for we mases to be praying for this country so that we can overcome this present situation we are now. Finally this incoming administration must put good structure on ground a long term structure and policy that will benefit the interest of all nigerian for the better future of our dear nation


God Bless Nigeria

MrMcJay:


Are APC members not Nigerians?
Is GEJ not the President of all Nigerians?
Do APC members not pay taxes?

Your fingers are faster than your brain. Next time, ask your neighbour to explain my post to you before commenting.

Thank you.

I am not the cause of you inability to comprehend.

Information just filtered in that GMB has planned to go back to school to obtain his elusive WAEC/WASC/SSCE/NECO, you can join him cos you're in same class!!!

I can picture headlines like "Ex-President GEJ responsible for our failures", "GEJ's debt reason why I'm owing workers 5months salary- GMB", "Tinubu told me it was gonna be a smooth sailing- Osibanjo" and lots more in not too distance future, I'm just gonna sit back and fasten my seat belt while waiting to read all these excuses for their failures when they eventually take over. As far as I'm concerned GEJ is a hero.

appini:


Manners indeed.. You must reply him now.

Listen, I support whoever is going to make Nigeria better and not a particular party or tribe, unlike you lots.
As a manager and a quant trader of a financial firm, I am responsible for steering the company as well as ensuring the company hit its target. Therefore, In case of any failure my head will be the first to go, before any underperforming employee.
In that context, Jonathan was a disaster and so were a lot of APC governors. But at the end of the day, when it's all said and done you have to say the buck stops with Jonathan(Even more so for a centralised system as Naija). If I had the chance, I would've voted against Jonathan and any other failed governors, irrespective of their political party.
Politics is a dirty game of survival, and it's your responsibilities as citizens, to weed out the rubbish ones. So don't blame the 'failed' APC politicians for blaming Jonathan, as you guys should have voted them out as well.
APC won because they did or say what they had to do, as opposed to PDP. Anyways, it's a welcome development when the president is being blamed for his inaction and misjudgement.

learn some wisdom 49cents

nsyforreal:


my brother good write up but why did buhari avoid debate all thru.The best and unbiased TV station in Nigeria channels TV also organised but he ran away.

well,its not necessary any longer.I advise APC to face the task ahead rather than chase shadows.they are giving excuses now.sai buhari.

I wasn't aware of this, and I must say It's unfortunate Buhari rejected the offer. Again, the power is with the citizens. Obama or David Cameron can't reject a pre election debate, as there will be too much outcry with potential consequences in election. Most Nigerians love to talk without taking actions.

cc: Andreme

Reading thia forum, It's unfortunate the average Nigerians are stupid enough to view things through their political party and tribal bias. Very odd.

micktoxin:


Listen, I support whoever is going to make Nigeria better and not a particular party or tribe, unlike you lots.
As a manager and a quant trader of a financial firm, I am responsible for steering the company as well as ensuring the company hit its target. Therefore, In case of any failure my head will be the first to go, before any underperforming employee.
In that context, Jonathan was a disaster and so were a lot of APC governors. But at the end of the day, when it's all said and done you have to say the buck stops with Jonathan(Even more so for a centralised system as Naija). If I had the chance, I would've voted against Jonathan and any other failed governors, irrespective of their political party.
Politics is a dirty game of survival, and it's your responsibilities as citizens, to weed out the rubbish ones. So don't blame the 'failed' APC politicians for blaming Jonathan, as you guys should have voted them out as well.
APC won because they did or say what they had to do, as opposed to PDP. Anyways, it's a welcome development when the president is being blamed for his inaction and misjudgement.

learn some wisdom 49cents

Nigeria is a federation state not a unitary one

What is the role of the state governors? Is it to run to abuja every month to collect allocation? Can't the governors grow their states through ingenious economic developmental plans?

The only governors who have shown semblance of ingenuity is the Governors like Amosun, Dickson and donald duke ( these three come immediately in mind as people who have something in their head for development) amosun and dickson are currently removing the bureaucracy in obtaining titles like C of O for your property in order to allow property owners to use their property to obtain credit facilities from banks for economic development of their states

If the states aren't viable with federal allocation the sane too Buhari should do is to restructure Nigeria into regional blocks......afterall these states were created by the military governments without any due process

MrMcJay:


First you say let the ND People enjoy their rewards,
Then you petulantly moan at 'pointing at people like Diezani.'

Diezani is a SS person and it is her right to "eat". Mention one benefit you have gotten from Diezani's eating?

This same Diezani was once a Minister of Transport and she left East-West road undone to come and cry over Benin-Ore Road. That same East-West road later claimed the life of Patience Jonathan's Mother in a road accident.

Despite that a SS man was President, not a single clean-up exercise was embarked upon by oil firms polluting the lakes his fathers fished in.

3 out of 6 SS states are regarded as Educationally Less Developed and nothing has been done about that? Even Asari moved his university out of the SS.

Your leaders steal you blind and bring the money to buy properties in Asokoro and Ikoyi while some misguided element comes to cry online.

Your leaders in the SS are your bane. Not yoruba, not hausa, not Igbo, not fulani and definitely not me.

Yes don't point at Dieziani she's SS and like I said " it's her right"..i wasn't moaning, I don't care who gets it, better us than any opportunist from the arid Sahara. You talk about education as If Education In other parts of the country is great..cheap shot if you ask me.
What you see in the South, you see much worse in the North, the West and you guys have been in charge of the country for most part of its existence (forget the hype of being the most educated) utter rubbish from usual noise makers. It's funny how you can List out the uncompleted projects in GEJS tenure, were there no Presidents before him? What did OBJ do for the West besides enriching himself?? How was the road to otta when he left Aso Rock?? I attend SHILOH yearly so i know..You won't find one local that has any good thing to say about him yet he's gallivanting the country claiming he's politically relevant? What happened between OBJ and Tinubu? Didnt it affect Lagos State as a whole?? How fancy are your states anyway because I know most States down South are doing great?? Hoohoo, GEJ is the only one who neglected his people, shiooor!!
You keep hammering on the SS, don't you have good roads in the West done by GEJs administration? You should as well come out straight by saying GEJ didn't do anything..he was having such a nice nap for 5 years sharing the NDs proceeds as usual to unproductive States. For every 2 thieves you find down south..we have 30 bigger ones in the West/North operating with impunity; preach to them first, the few down south are not the only ones buying houses in Asokoro. If Dieziani must be punished the congealed crooks before her must be in the line up as well...pass this to mallam Intergrity

MrMcJay:


Thanks for your mature response.

The same way you prophesied that APC would collapse at the planning stage, the primaries, that dissatisfied contestants would wreck APC at the polls, etc.
Keep your prophecies coming, they guide APC and make it stronger than before.

One thing I can assure you is that GEJ doesn't have the personality, the clout, or the followership to last long in the opposition. Notice how fast he is losing ground even in the ND?

What did he do for ordinary Bayelsans when he was in power?

Name just one thing.

He established a federal university and attracted foreign investment like Hyundai heavy industry to build a shipyard...

micktoxin:


Listen, I support whoever is going to make Nigeria better and not a particular party or tribe, unlike you lots.
As a manager and a quant trader of a financial firm, I am responsible for steering the company as well as ensuring the company hit its target. Therefore, In case of any failure my head will be the first to go, before any underperforming employee.
In that context, Jonathan was a disaster and so were a lot of APC governors. But at the end of the day, when it's all said and done you have to say the buck stops with Jonathan(Even more so for a centralised system as Naija). If I had the chance, I would've voted against Jonathan and any other failed governors, irrespective of their political party.
Politics is a dirty game of survival, and it's your responsibilities as citizens, to weed out the rubbish ones. So don't blame the 'failed' APC politicians for blaming Jonathan, as you guys should have voted them out as well.
APC won because they did or say what they had to do, as opposed to PDP. Anyways, it's a welcome development when the president is being blamed for his inaction and misjudgement.

learn some wisdom 49cents

Good...but to people like MrMcJay, your APC crooks are the best thing to happen to Nigeria. We are waiting to see them out perform the Present administration

joeboy03:


He established a federal university and attracted foreign investment like Hyundai heavy industry to build a shipyard...

Bros.. leave them, GEJ didn't do anything..i gree. Make dem come do their own make we see. When you read rubbish like what he posted you would think his region is Qatar and the political elites from his extraction are descendants of mother Theresa. Very deceptive people. They would make you turn against your own while the rot in their domain stinks to high heavens.

micktoxin:
Well as long as he is still the president of Nigeria, he should be accountable for all the mess he has created. He seems a nice guy , but an incompetent president.
In fact , it is high time presidential and VP candidates start doing pre election debate like most other countries are doing, so that Nigeria can weed out the ones out of their depth.
Most Nigerians are really smart and can see through a lot of b.s.

the litany of debates evaded by presido elect is what then...dressmake over..BON,channels etc..bro fact remains the theory of democracy is still growing in nigeria else how would the british electorate had felt if ed milban or david cameron refused to attend the debates organized by most media organs especially the BBC,but in nigeria sentiments rule.just waiting for the next hundred days then we would see how effective daura magic is..constructive criticism.did most nigerians see thru the bullshit as u stated

zilokontah:



My dear yes you do.
Show us your tax return Like GEJ

You sure say that guy dey even work??
People dey come faceless forum come feel good that's all.

dougivilla:
I am not the cause of you inability to comprehend.

Information just filtered in that GMB has planned to go back to school to obtain his elusive WAEC/WASC/SSCE/NECO, you can join him cos you're in same class!!!

I fear the level of immaturity and the parochial mindedness of some people. Your post above is not only derogatory but also completely out of context, lacking in manners and civility. I wonder where u graduated from if at all?? So many questions left to be answered anyways!!

MrMcJay:
They can't leave GEJ alone, they need to ensure his political career gets a befitting burial.

I see that a lot of ignorant saTANists and TANoids are also goading Alkali on. GEJ can't be left alone until the 29th of May. After that day, he would be held accountable for his misdeeds in office. Whether he would face the music directly or indirectly is another matter.

As at today, I still feed GEJ, clothe him, pay for his wife's grammar tutor, pay for his medicare bills and pay for his transportation with my taxes.

Mediocre Professors like Alkali who don't understand that should keep shut.

So you alone do all that? Are you that wealthy?

henzyl:


I fear the level of immaturity and the parochial mindedness of some people. Your post above is not only derogatory but also completely out of context, lacking in manners and civility. I wonder where u graduated from if at all?? So many questions left to be answered anyways!!

I hope you know what the word derogatory mean? Does GMB have a WASSCE certificate?? him nko? Does he have one?? Am I responsible for his comprehension challenge

Which of these do you also find unable to understand. You think this forum is a place where kids come to exhibit crass ignorance?

You must not make comments on every thread. Tell him to help himself and just read comments from others to up his vocabulary and update his intelligence; after-all the foolishness of a quiet or mute fool is hardly known; until he opens his mouth he is assumed to be wise. You too!!!

nationwide1:
I call it post election campaign. It seems APC cannot get attention without calling Jonathan's name.


I hope they won't call Jonathan's name when they don't perform.

They sure will...