bjdon:


Every penny spent on your education was money well spent, you are credit to your parents my brother. I hope others will read and get sense from your words

Obiwannn:

EXCELLENT PIECE

SirShymexx:


Huh? What's puerile in laughing at an amusing witty comment?

Anyway, I can't see any critique in ya comment. And I doubt you read the article. How can you even critique when there's hate in ya heart for no reason, against a level headed and bright woman trying to do the job she was appointed to do?

BTW, why "theSicilian"? I'm sure you know Sicilians are outcasts in Italy cos of their black blood due to the admixture that happened in that part of Italy when black folks ruled Iberia for 700 years. And also during Jim Crow laws in America in the 60s - Sicilian migrants in America were treated as blacks. So, are you an outcast?

chudionu58:
Idiot, I may have to prove it a million times before a programmed zombie will acknowledge the truth... for the umpteen time....
http://www.dailytrust.com.ng/news/general/cbn-warns-against-scammers-as-bvn-registration-ends-today/117236.html

http://www.premiumtimesng.com/business/business-interviews/199725-15-things-know-treasury-single-account-tsa.html

“The IPPIS programme, funded by World Bank, started about five years ago and what it required was for every officer to come physically for biometric data capture. Over the five years, unfortunately, we have only been able to capture about 295,000 federal civil servants, which represent less than 20 per cent of the total personnel on the federal par roll.

“We realized that if we can get more people on IPPIS, our salary costs will come down and so we needed to get more people on IPPIS. So I looked critically at it with the director of IPPIS, and we decided to change the strategy; rather than getting the person to come physically – which has always been the problem, we will take the payroll that we have and the bank account of everybody who is being paid.

“So, from that bank account we will get the BVN; from the BVN we can get the biometric data, so that considerably accelerated the process of getting people onto IPPIS. I can tell you that within the last two months we have been on this programme, we have been able to enrol 320,000 onto IPPIS using BVN; that is, compared to 295,000 in five years.

“We are very confident with our programme, that we will now be able to get every federally paid civil servant onto IPPIS by June. We are aggressively chasing after June.

The Peoples Democratic Party had claimed recently that the TSA policy was formulated under former President Jonathan [and signed in 2012]. However, due to weak regulations and corruption in the system, several ministries, departments and agencies of the Nigerian government refused to conform with the TSA policy.

thesicilian:

Lol... I never said I critiqued Madam Minister's speech, I said I criticized her, small difference, but its there. In critiquing I'd have analyzed her speech and done a constructive work up, but I didn't really have time for her because I don't believe in her, I have read a little about her and seen she doesn't have what it takes to lead an economy like Nigeria's. So its not really about hate per se, its more like a rude awakening to the realization that we might have been taken for a ride again, by her appointment.

989900:


Which of the trifecta do you have a problem with: the definition of 'implementation', my initial post, or general comprehension issues?

You've got to pick a struggle son.



So tell me how do you properly implement the IPPIS without a properly functioning TSA, or how is the BVN independent of the IPPIS in this ghost workers fraud scenario?

http://leadership.ng/news/500341/23000-ghost-workers-one-civil-servant-found-collecting-20-salaries



Help yourself here, I'm done with funding your education with my time.


http://saharareporters.com/2015/11/12/treasury-single-account-contract-signed-under-president-goodluck-jonathan

P.S. The 2 links you provided at best further buttresses either your comprehension/discombobulation issues, or deliberate effort at demagoguery/speciousness.

ExplorerReturns:
this woman is a joke. since you want us to enact what led us in the 50s and 60s why don't you tell bubu to restructure the country into regions with semi autonomy?

chudionu58:
[s]You are just a pathetic propagandist. You just succeeded in nailing your very stupid self by producing even more credible links showing that actual implementation started way before your illiterate government came to power....
1.Does any show clearly that "implementation never commenced" under the "clueless" government?
2.Does any show your impotent Kemi and Bubu as initiators of the three schemes? Read your links again and quietly apologize to your astonished ancestors plus your almost dead conscience![/s]

SirShymexx:


However, is she qualified for the job? - absolutely YES.

Has she failed thus far in carrying out the task she was appointed for? - NO.

It's obvious you just don't like cos she's from a particular ethnic group. Unlike Iweala who was a double whammy of utter failure (she failed twice). She's yet to fail and thus far, she has maintained composure and spoken eloquently and articulately in all interviews she has granted about what needs to be done and how she's going about doing it, despite how daunting the task is. She's also very level headed.

So how about let her fail before lynching her?

thesicilian:

When people start bringing religion, ethnicity & the likes into friendly arguments, it is usually a cue for me to back out. But just for your information, I am neither from the East or the West so please remove your mind from such divisive issues.
Go check bro, she's not ''yet to fail'', she has already failed before as the Commissioner for Finance in Ogun State. It is this practice of complacency, the wait-and-see attitude of letting people who are not fit for a job run their full unpleasant term simply because we don't want to seem like bad people, that has got us in this state of decay as a nation

SirShymexx:


The fact that you are neither from the East(Igbo) or West(Yoruba) doesn't negate the fact that you don't like her cos of her ethnic group. As far as I'm concerned most of the other ethnic groups are much more bigoted than Yorubas and Igbos. But they just do it passively cos no one cares about them. Take Yorubas and Igbos out of Nigeria and Somali would be more lively than the country.

And how did she fail in Ogun state? Can you post her job description/detail in Ogun state and if she was given a free hand? Then compare state bureaucracy vis-a-vis federal bureaucracy based on her current portfolio?

She's there now. Live with it and critique when you have something cerebral to say.

thesicilian:

I have tried to steer the dialogue away tribalism and insults but it seems it's not working.

Godmann:
What is new that this woman has said different from the same old stories?

In her words, the solution is in fixing our infrastructure; what has the present government done in this regards?

I want to see the specific new changes that the government is driving in the Economy.

Same waiting for investors.

Rubbish copy cart

FinanceNigeria:
Nigeria: The Economic Upside
By Kemi Adeosun

Nigerians voted for change and to attain that change there is a need to do things differently, in the recognition that doing what we have always done will only result in more of the same. That change has started with the vital offensive against corruption, which has had a huge and adverse effect on our economy. Much of the debilitating underinvestment in our infrastructure that has handicapped our economic growth, has arisen because funds were diverted to enrich a few at the expense of the wider populace. At the lower levels, the waste, inefficiency and culture of non-performance have, like a financial cancer, eaten away at our core institutions. We are already beginning to see change. The slide towards self-destruction has slowed down but we must now work collectively to ensure that we exploit the upside from our situation.

Globally the downturn has hit all nations, rich and poor alike. The manner in which governments have intervened to protect their economies have been diverse and innovative. What is abundantly clear is the fact that the previous consensus about what is best for the global economy is rapidly changing. There is a concerted move towards individualism rather than collectivism. The new normal for the global economy is that there is no normal, each nation must painstakingly work out the best path to follow.

For Nigeria, we believe that the best path to follow is to invest in infrastructure that will unlock the potential in the non oil sectors. We can transition from being a commodity economy to an industrialised, regionally dominant one. Oil is important but clearly, oil it not enough. Iran is a very recent and relevant example of living without oil. The sanctions that embargoed Iran’s oil led to the development of robust petrochemical and other export industries that enabled the country to survive. Iran survived without oil, made tough decisions and is now being feted by investors as the next growth story.

The focus of our economic policy is to redress the infrastructure deficit, unlock the rich diversity in the economy with a determined and focussed turnaround programme. For us it would be a tragedy to have endured so much pain and not emerge better and stronger. The provision of a spending stimulus to the economy is critical to releasing the upside in the economy. Investing specifically in Power and Transportation will release the opportunities in solid minerals, manufacturing and agriculture.

However, government spending alone is insufficient to bridge the infrastructure gap and there is a need to embrace private capital to provide additional impact. We are at an advanced stage of reforming the process for Public Private Partnerships to provide a seamless pathway to attracting much needed private, financial and operational input to service delivery. Private capital brings more than financial resources; it also brings discipline and best practice, creating a benchmark against which the utilisation of public money can be measured.
It is important to link the fiscal housekeeping initiatives that we have started with the wider economic strategy. Specifically, questions around the focus on corruption and the elimination of ghost workers, controlling inefficient spending and preventing revenue leakages, need to be evaluated in the context of how it impacts our ability to stimulate the economy. We have been increasing our level of borrowing annually, and much of that is used to fund recurrent spending. Indeed in 2015 just 10% of spending went to capital items. We spent more on travel, training and stationery than on roads. No nation has ever developed with such consistent underinvestment in capital.

Growing the economy at a rate that will address the employment needs of our huge population requires a fundamental change in how government collects its revenues and spends. The 2016 budget is deficit financed; and the fiscal housekeeping which is aggressively blocking revenue leakages and reducing costs is firmly aimed at ensuring that the borrowed funds are channelled into capital projects, rather than seeping through an inefficient financial management system. This is not only prudent economics but it is a moral necessity, since these borrowings will be repaid by future generations. Therefore, while we focus fully on the macroeconomic indicators; we must and will continue to focus on the micro factors which collectively shape and determine the larger picture.

The road map to attaining our objectives is a tough one, and we may endure the financial pain for longer than we would prefer, but the upside is that we have actually already endured the worst part of the adjustment cycle. The outlook for oil prices is looking more positive but we are fundamentally determined to ignore oil. One word that will resonate across all that we do in government is ‘Discipline’. Financial discipline is going to be a game changer in shaping the future of Nigeria’s economy.

Our focus will make sure that ‘every naira counts’ irrespective of its source. The government is ready and determined to lead this crusade of financial responsibility. The big questions are:

• Is the populace ready to do the right thing in their respective areas of operations?
• Are we willing to be frugal and conservative in expenditure?
• Are we as custodians of the nation’s wealth willing to manage the resources entrusted to us with care, knowing that someday we will be called to account?
• Are we willing to confront those who mismanage our collective wealth regardless of the consequences?

•

Dare we look at what worked successfully in the 50s and 60s, and then modernise and re-enact them?
• Dare we look at global trends, and courageously invest in our forecasted choices?

Nigeria stands on the threshold, daring to move into previously uncharted territory through identifying and embracing novel economic and fiscal policy stratagems that will release our considerable upside. We are for innovation to create a new workable path, courage, and discipline to implement and build a resilient economy that is not controlled by the oil price.

This is the first of three articles by Mrs. Kemi Adeosun, Honourable Minister of Finance, Federal Republic of Nigeria.

Follow the Federal Ministry of Finance on Twitter:

http://www.twitter.com/FinanceNigeria

bolajijohnson00:


great write up.

Standing5:
All the populace demands from the govt in order to buy into such idea is accountability and technical support. How do you tell a man to start producing toothpick or packaging chicken when cheaper alternative is being smuggled and lack of systemic support like roads, subsidy, water, electricity being enjoyed by foreign produces are helping them keep cost down? The task goes beyond the minister and Nigerian producers. The govt must block smuggled alternatives, subsidized things being subsidized in other countries, provide good road network, electricity, water and expertise. These things goes beyond the minister of finance. The govt must step up first before the populace can step up their productivity.

Standing5:
All the populace demands from the govt in order to buy into such idea is accountability and technical support. How do you tell a man to start producing toothpick or packaging chicken when cheaper alternative is being smuggled and lack of systemic support like roads, subsidy, water, electricity being enjoyed by foreign produces are helping them keep cost down? The task goes beyond the minister and Nigerian producers. The govt must block smuggled alternatives, subsidized things being subsidized in other countries, provide good road network, electricity, water and expertise. These things goes beyond the minister of finance. The govt must step up first before the populace can step up their productivity.

ExplorerReturns:
this woman is a joke. since you want us to enact what led us in the 50s and 60s why don't you tell bubu to restructure the country into regions with semi autonomy?

PassingShot:
Instead of analysing and commenting on the messages contained in the article, the pained losers above chose to play to the gallery. SMH for the "leaders of tomorrow". Leaders ko. Looters of tomorrow night.

@topic, I equally believe that Nigeria is taking the turn to better economy having survived DasukiGate, MettuhGate, BadehGate, DokpesiGate and even the IneffectualBuffoonGate.



This woman needs to write and communicate more so that wailers get to know she's up to the task. Unlike the paper heavy weight Madam Gele who is rich in paper qualifications but empty on performance.



PMB will need to make at least 10 trips to equal just one by the IB. You know why? The IB used to travel with up to 300 delegates on his entourage while PMB's is around 20, 30 persons. Figure it out!

leonbob:
my problem with this administration is their lack of readiness to rule and more annoying is their inability to carry the populace along

why would a president announce his plans only when he's abroad making unguarded statements

opribo:
What is this one saying again that we have never heard before. They sang the same song under operation feed the nation obj, ibb - SAP, yaradu 7 point agenda, GEJ transformation.

All these things she is saying is grammar, those former policies they told us and we followed them only ended up destroying our economy the more.
If I am to suggest to you madam, they should encourage and develop the local industries, and this starts with you. Wear made in Nigeria Ankara fabrics to work like madam NOI and late madam Akunyili and encourage all your colleagues to dreee in Nigerian fabrics Baba inclusive.
Ensure strictly fiscal discipline in govt, all wasteful trips must be stopped, medical delivery system must be improved such that all treatments must be done here unless where such cannot be handled here. No more holiday vacations abroad for govt officials go to your state and develop it. Educational instructions should be developed and given the necessary support.
Every state should have at least one fed ministry sited there.
Open up the rural areas for development and agriculture, reorientate the youths.
Improve power, create a safe enabling environment for business and so on and so forth

MIKOLOWISKA:
you can't block demand or supply. ask Colombian drug lords or Russian black marketeers.

produce cheaper and see the magic happen