Rayhutar:

Stop typing trash, they did the worst in mile 12 lagos, with burnt corpses all over the street, atleast the community fight back

Shattap.COWARD...how dare you compare Yorubas
who had been warriors all their lives to you
weaklings.Yes,they messed up in Oyo, Ondo and
Lagos and we gave them the treatment as
usual.You can post anything that says they ever
had an upperhand against the Yorubas.This is the
last one in Ondo which would have been a
bloodbath for them but for Mimiko.YOU DON'T GIVE WHAT YOU DON'T HAVE...
%%
In what was suspected to be a reprisal
attack, a Fulani herdsman identified as
Dan Bako was Wednesday killed in Ilara-
Mokin in Ifedore Local Government Area
of Ondo State.
This is coming barely a week after an
Oodua People’s Congress (OPC) member,
Mr Ayodele Ige was killed in the farm of
Chief Olu Falae in Ilado in Akure Local
Government Area of the state.
The head of the Fulani herdsmen in the
state, Alhaji Alli Dongo and Babangida
Sodiq Kusada, the Chairman of Hausa
community in Akure kingdom and the
head of Arewa community in the state,
said Dongo was declared missing after all
efforts to trace him prove abortive.
Briefing reporters in the Officers’ Mess of
the Nigerian Police Force in Akure, the
state capital, Dongo and Kusada said their
kinsman had been living in Ilara-Mokin
for the past seven years and was
preparing to relocate to his state when
the incident happened.
http://newtelegraphonline.com/fulani-herdsman-
killed-ondo/


The leaders of Jamu Nati Fulbe Association of
Nigeria, Oyo State Chapter which represents the
Fulani ethnic community have called the
attention of the government to the gruesome
murder of about 11 herdsmen in the last six
weeks in some parts of Oke Ogun area of the
State.
National Chairman and General Secretary of the
association respectively, Alhaji Salihu Kadiri and
Mallam Muhammed Salihu Kisi signed a petition
on behalf of the group calling on Governor
Abiola Ajimobi to act urgently to prevent further
loss of lives in Oke Ogun areas.
The areas where the killings allegedly took
place, according to the Fulani ethnic community
in the state, are Otu, Ikomu, Igbo-Ora, Iwere-Ile,
Iganna, Ilaju and Ado-Awaye.
The group revealed some of those allegedly
killed as Sanni Musa, Saidu Abdulahi, Ibraheem
Haruna, Umar Babuga, Saliu Rebo and
Muhammad Usman.
The petition stated in part: “Natives, particularly
farmers and youths, kill our people at any slight
provocation. The common excuses for such
brutal killings are that our cattle are fond of
destroying their farmlands or disturbing free flow
of vehicular traffic on some major roads”.
“In the last few weeks, these persons have
invaded many Fulani clans and settlements to
commit their crime of serial murder with
impunity. This has resulted in the cold-blood
murder of at least eleven of our brothers whose
families have been left in eternal grief”, it was
revealed.


http://www.theheraldng.com/oyo-state-fulani-community-laments-killing-of-11-herdsmen/






The meeting was called to order after Lam
walked into the Executive Chambers.
Introductions over, Buhari spoke on their
mission to the governor’s office. Emitting fire,
the general accused Lam and the government
of Oyo State of complicity in the killing of
over 68 Fulani people in Oke Ogun area and
perversion of justice.
His words: “Your Excellency, our visit here is
to discuss with you and your government our
displeasure about the incident of clashes
between two peoples… the Fulani cattle
rearers and merchants are today being
harassed , attacked and killed like in Saki. In
the month of May, 2000, 68 bodies of Fulani
cattle rearers were recovered and buried
under the supervision and protection from a
team of Mobile Police from Oyo State
Command.
“ That some arrests were made by Oyo State
Police Command in the massacre with their
immediate release without court trial. This
was said to have been ordered by Oyo State
authorities and they were so released to their
amazement. The release of the arrested
suspects gave the clear impression that the
authorities are backing and protecting them
to continue the unjust and illegal killings of
Fulani cattle rearers…”
http://www.vanguardngr.com/2012/11/day-lam-
adesina-clashed-with-buhari-marwa-others/


THIS IS THE MILE 12 SHOW YOU ALWAYS LIE ABOUT....




It was gathered that the foundation for the clash
was laid on Tuesday after a Hausa commercial
bike rider knocked down a woman.
The bike rider was told to take the woman to the
hospital, but the rider and his colleagues refused.
They insisted that the motorbike association, which
collects tolls from them, should take care of the
woman. There was heated argument, which led to
a fight.
The fighting continued all through Wednesday till
Thursday (today) when some thugs, believed to be
of Yoruba origin, invaded the market and started
attacking the Hausas.
They burnt seven cars and killed three Hausa
traders.
https://www.nairaland.com/2969382/yoruba-
hausa-fight-mile-12
YOU ARE THE COWARDS WHO RAN EVEN WHEN
YOU HEARD THAT FULANI HERDSMEN ARE
COMING..TUFIAKWA.

Rayhutar:

The news is not hurting me, you cannot eat your cake and have it, if some people want to leave Nigeria, you guys will be shouting one Nigeria and call on military massacre them, when they return to one Nigeria you guys will start shouting on top of your voices how Ibos is trooping to lagos, how lagos is a Yoruba land, why they can stay in there region and develop it, where lagos is the economic hub of Nigeria backed by FG with all the bank and oil headquaters, sea port and everything in it, support the agitation if dont want to see much ibos in your lagos, atleast you will make the migrants to obey your rules as other independent countries like Ghana, Togo etc, not under one Nigeria.

The thoughtless action of your people has a chain reaction that other tribes can see except you guys due to your legendary irrationality.

Can your Governors and leaders too rally round and form their own coalition to move Ndigbo forward economically and socially enough to encourage a reverse migration back to Igboland?

No, you're not united enough, all you do is point fingers at everyone else without seeing that the problem lies within you.

ba7man:
The thoughtless action of your people has a chain reaction that other tribes can see except you guys due to your legendary irrationality.

Can your Governors and leaders too rally round and form their own coalition to move Ndigbo forward economically and socially enough to encourage a reverse migration back to Igboland?

No, you're not united enough, all you do is point fingers at everyone else without seeing that the problem lies within you.

How can they move ndigbo forward with reverse migration when FG is bent on protecting Lagos as only economic viable hub for Nigeria, what is preventing FG from building a standard sea port in Akwa Ibom or Bayelsa and building of river port in Onitsha, also building of standard international airport in Enugu and PH, dont asked me why GEJ did not do all those things because Nigeria have been together for about 43 years since after the civil war before Gej came on board and the north did not give him a breathing space. Lagos cannot continue to host all the bank and oil headquarters, only viable international airport and sea port,Embassies and you will not expect net migration. If FG is serious, they should work toward making embassies to have consulate in Enugu and Kano, and ensure standard viable international airport in Enugu for SE; PH for SS; kano for North and Lagos for Sw, build standard seaport in Akwa Ibom and river port in Onitsha and Kaduna. Oil headquarters relocated to oil producing states. Net migration to Lagos will drop. If you are flying to Germany ,SA and other serious countries you fly direct to your destination state, not like Nigeria where you must go to lagos for your visa and exit via lagos to most world destinations. Lagos is hustling and congested economic viable ground because of tribalism on the part of FG to open up other part of Nigeria like SS/SE as I mentioned above

Rayhutar:

How can they move ndigbo forward with reverse migration when FG is bent on protecting Lagos as only economic viable hub for Nigeria, what is preventing FG from building a standard sea port in Akwa Ibom or Bayelsa and building of river port in Onitsha, also building of standard international airport in Enugu and PH, dont asked me why GEJ did not do all those things because Nigeria have been together for about 43 years since after the civil war before Gej came on board and the north did not give him a breathing space. Lagos cannot continue to host all the bank and oil headquarters, only viable international airport and sea port,Embassies and you will not expect net migration. If FG is serious, they should work toward making embassies to have consulate in Enugu and Kano, and ensure standard viable international airport in Enugu for SE; PH for SS; kano for North and Lagos for Sw, build standard seaport in Akwa Ibom and river port in Onitsha and Kaduna. Oil headquarters relocated to oil producing states. Net migration to Lagos will drop. If you are flying to Germany ,SA and other serious countries you fly direct to your destination state, not like Nigeria where you must go to lagos for your visa and exit via lagos to most world destinations. Lagos is hustling and congested economic viable ground because of tribalism on the part of FG to open up other part of Nigeria like SS/SE as I mentioned above

Hmmmm...... you have some points.

Your best chance to actualize this was during GEJ'S administration but face it, he used you guys as political pawns while he and his goons looted the nation almost back into the stone ages......... not "The north didn't give him breathing space" as you claim.

Rayhutar:

How can they move ndigbo forward with reverse migration when FG is bent on protecting Lagos as only economic viable hub for Nigeria, what is preventing FG from building a standard sea port in Akwa Ibom or Bayelsa and building of river port in Onitsha, also building of standard international airport in Enugu and PH, dont asked me why GEJ did not do all those things because Nigeria have been together for about 43 years since after the civil war before Gej came on board and the north did not give him a breathing space. Lagos cannot continue to host all the bank and oil headquarters, only viable international airport and sea port,Embassies and you will not expect net migration. If FG is serious, they should work toward making embassies to have consulate in Enugu and Kano, and ensure standard viable international airport in Enugu for SE; PH for SS; kano for North and Lagos for Sw, build standard seaport in Akwa Ibom and river port in Onitsha and Kaduna. Oil headquarters relocated to oil producing states. Net migration to Lagos will drop. If you are flying to Germany ,SA and other serious countries you fly direct to your destination state, not like Nigeria where you must go to lagos for your visa and exit via lagos to most world destinations. Lagos is hustling and congested economic viable ground because of tribalism on the part of FG to open up other part of Nigeria like SS/SE as I mentioned above

Very emotional stuff. A mixture of facts half truths and outright falsehoods
1. There is no significance of having the headquarters of oil companies in Lagos. This is one of those things which is repeated often and often and then it becomes fact. Oil companies do not pay tax in Lagos State. The only people who pay tax are their worker resident in Lagos State and also tenement rates for buildings. Less than 1% OF 1% of their staff are in Lagos. The taxation arrangement of the oil company are covered in Joint Venture agreements which accrue to the Federation account. They pay a token operational tax in the states where they carry out their operations. Shell has closed down their Warri operations ? Why? Militancy. The question of moving headquarters to those states does not arise.I understand that they have moved or are moving to Abuja either way it is not relevant.Find out the facts about this company headquarters business. I am afraid you are simply misinformed on the subject.
Go and read the Companies Tax law .All companies are covered EXCEPT oil companies .
2. The seaport in Lagos was built by the British in the 1890s. Nigeria has 7 states on its shoreline Lagos,Ogun,Ondo ,Bayelsa,Delta Akwa Ibom ,Rivers and Cross River. Lagos and Ondo have the best Shoreline offering Natural access to the ocean. The rest are ,unfortunately delta creeks and Mangrove swamps and so relatively much more expensive to develop than Lagos. This is a natural endowment or blessing of Lagos. Calabar port is inland and therefore considered riskier by Insurers as is the case elsewhere.This means it is cheaper to ship to Lagos that any other place. Importers have no choice but to ship to Lagos. Yes there is a case for new ports but there is no conspiracy. It just has not been a priority among competing demands and even then it is difficult to see how importers will abandon Lagos unless the new ports offer concessions that will make them unviable. In short they will have to be subsidized. What then should happen or should have happen is those oil rich states like Delta Akwa Ibom etc should have built the ports as a way of opening their states what did Ibori and Akpabio do with $100 oil price?
3. The argument for the River Port at Onitsha is an emotional one. I do not see the business case or viability at least not with the security profile that Nigeria currently has though it could be a useful means of transport good from a port in a Niger delta coastal state such as Delta. Nevertheless it is not any stronger than the case for such a facility at any other point along the Niger e.g Lokoja,Jebba or Niger State . They have as strong a case as Onitsha but technically it is a minor solution. There should be ports in Ondo and Akwa Ibom . Those are the two states that are technically realistic but they lack the port evacuation infrastructure. On that count even Lagos is struggling. If such infrastructure is in place to service the SE and NE and Eastern part of the Middle Belt that would be brilliant

Taxes and Levies (Approved list for collection) Decree

No 21 of 1998

Laws of the Federation of Nigeria





Arrangement of Sections







1.


Responsibility for collection taxes and levies, etc.


2.


Assessment and collection of taxes.


3.


Offences.

4.


Interpretation.


3.


Citation.











30th day of September 1998







The Federal Military Government hereby decrees as follows:-





1. (1) Notwithstanding anything contained in the Constitution of the Federal Republic of Nigeria 1979, as amended, or in any other enactment or law, the Federal Government, State Government and Local Government shall be responsible for collecting the taxes and levies listed in Part I, Part II and Part III of the Schedule to this Decree, respectively.



(2) The Minister of Finance may, on the advice of the Joint Tax Board and by Order published in the Gazette, amend the Schedule to this Decree.



1. (1) Notwithstanding anything contained in the Constitution of the Federal Republic of Nigeria 1979, as amended, or in any other enactment or law, no person, other than the appropriate tax authority, shall assess or collect, on behalf of the Government, any tax or levy listed in the Schedule to this. Decree, and members of the Nigeria Police Force shall only be used in accordance with the provisions of the tax laws.



(2) No person, including a tax authority, shall mount a road block in any part of the Federation for the purpose of collecting any tax or levy.



3. A person who –



(a) collects or levies any tax or levy; or



(b) mounts a road block or causes a road block to be mounted for the purpose of collecting any tax or levy, in contravention of section 2 of this Decree, is guilty of an offence and liable on conviction to a fine of N50,000 or imprisonment for 3 years or to both such fine and imprisonment.



4. In this Decree, unless the context otherwise requires –



"Government" means the Federal, State or Local Government;



"Joint Tax Board" means the Joint Tax Board established under the provisions of Personal Income Tax Decree 1993;



"levy" includes any fee and charge,;



"tax authority" means –



(a) the Federal Board of Inland Revenue, the State Board of Internal Revenue or the Local Government Revenue Committee; or



(b) a Ministry, Government department or any other Government body charged with responsibility for assessing or collecting the particular tax.



5. This Decree may be cited as the Taxes and Levies (Approved List for Collection) Decree 1998.







Schedule





Part I

Taxes to be collection by the Federal Government





1.


Companies income tax.



2.


Withholding tax on companies, residents of the Federal Capital Territory, Abuja and non-resident individuals.


3.


Petroleum profits tax.

4.


Value added tax.



5.


Education tax.



6.


Capital gains tax on residents of the Federal Capital Territory, Abuja, bodies corporate and non-resident individuals.

7.


Stamp duties on bodies corporate and residents of the Federal Capital Territory, Abuja.


8.


Personal income tax in respect of –










(a) members of the Armed Forces of the Federation;



(b) members of the Nigeria Police Force;



(c) residents of the Federal Capital Territory, Abuja; and



(d) staff of the Ministry of Foreign Affairs and non- resident individuals.







Part II

Taxes and Levies to be collected by the State Government





1. Personal Income Tax in respect of –



(a) Pay-As-You-Earn (PAYE); and



(b) direct taxation (Self Assessment).



1.


Withholding tax (individuals only).


2.


Capital gains tax (individuals only).


3.


Stamp duties on instruments executed by individuals.

4.


Pools betting and lotteries, gaming and casino taxes.


5.


Road taxes.


6.


Business premises registration fee in respect of –



(a) urban areas as defined by each State, maximum of –



(i) N 10,000 for registration, and



(ii) N5,000 per annum for renewal of registration; and



(b) rural areas –



(i) N2,000 for registration, and



(ii) N1,000 per annum for renewal of registration.



1.


Development levy (individuals Only) not more than N 100 per annum on all taxable individuals.


2.


Naming of street registration fees in the State Capital.



3.


Right of Occupancy fees on lands owned by the State Government in urban areas of the State.

4.


Market taxes and levies where State finance is involved.

Rayhutar:

How can they move ndigbo forward with reverse migration when FG is bent on protecting Lagos as only economic viable hub for Nigeria, what is preventing FG from building a standard sea port in Akwa Ibom or Bayelsa and building of river port in Onitsha, also building of standard international airport in Enugu and PH, dont asked me why GEJ did not do all those things because Nigeria have been together for about 43 years since after the civil war before Gej came on board and the north did not give him a breathing space. Lagos cannot continue to host all the bank and oil headquarters, only viable international airport and sea port,Embassies and you will not expect net migration. If FG is serious, they should work toward making embassies to have consulate in Enugu and Kano, and ensure standard viable international airport in Enugu for SE; PH for SS; kano for North and Lagos for Sw, build standard seaport in Akwa Ibom and river port in Onitsha and Kaduna. Oil headquarters relocated to oil producing states. Net migration to Lagos will drop. If you are flying to Germany ,SA and other serious countries you fly direct to your destination state, not like Nigeria where you must go to lagos for your visa and exit via lagos to most world destinations. Lagos is hustling and congested economic viable ground because of tribalism on the part of FG to open up other part of Nigeria like SS/SE as I mentioned above

So whose stopping Igbo business men from moving their business to the east?

ikarm17:


So whose stopping Igbo business men from moving their business to the east?

why will they move when your forefathers all agreed in indivisible nation, until Nigeria cease to exist they can now move.

FloraMbachu:


Nwanne, Why are you sad about there thread. We should leave them alone and face our dead region, we need to focus on our leaders and leave the Yoruba people alone.

Tunde your your region is wost hit by poverty


Lagos state government refuses to seek bailoutKunle AderinokunSix months after the Federal Government bailed out 19 of the 27 states that were enmeshed in financial crisis, states are seeking another bailout. They have been hit by another cash crunch as a result of the prevailing economic realities, THISDAY has learnt.THISDAY checks revealed that most of the states that benefitted from the N400 billion intervention fund, in the form of loans offered by the Federal Government through the Central Bank of Nigeria (CBN), have approached the presidency and the CBN for another bailout.However, investigation reveals that the Lagos State government has refused to join the states seeking bailout. This is an obvious indication of the buoyant finances of the state, which generates about N23 billion monthly.Apart from the CBN intervention, there were other reliefs endorsed by President Muhammadu Buhari and shared to the states, which included the $2.1 billion Liquefied Natural Gas (LNG) proceeds that accrued to the Federation Account.Following the CBN intervention fund the distressed states received in July 2015, which attracted repayment with interest, deductions are being made in earnest. However, given the dwindled revenue accruing to states from the federation account occasioned by the crash in the prices of crude oil at the international market coupled with the fact most of them are already neck deep in debt to commercial banks, what remains, after all deductions, amount to almost nothing. States are now seeking more concessions.Apart from the ripple effect of the plummeting oil prices, which only last Thursday fell to a 12-year low and made a rebound by 12 per cent after suggestions of renewed talks on OPEC cut at the weekend, what compounded their problem is that most of the states are also fulfilling their obligations to the Irrevocable Standing Payment Order (ISPO) they have taken.Osun State, which is said to be the worst hit of all the states, THISDAY learnt, is left monthly with a paltry N40 million after deductions have been made. This amount could hardly be used to run the basic day-to-day operation of state government let alone pay the workers’ salaries. The other states, THISDAY checks, are also in sorry state as they could not meet obligations.They are now groaning in pains and are at a loss of to do in order to get out of the quagmire.The Federal Government, in accordance to the decision of National Economic Council (NEC) in July last year offered of 19 out of the 27 states affected by cash crunch a relief package to pay backlog of their workers’ salaries.The states included Ekiti, Nassarawa, Kwara, Kebbi, Zamfara, Osun, Niger, Bauchi, Gombe, Abia, Adamawa, Ondo. Others that enjoyed the facility were Imo, Ebonyi, Ogun, Plateau, , Sokoto, Edo and OyoFollowing the approval of the intervention fund, the CBN spokesman, Ibrahim Mu’azu, had clarified that the facility was made available with 20-year tenure except Ogun which had its own on a 10-year tenure.Essentially, President Buhari endorsed a three-pronged relief for the distressed states. One of it was the intervention from the CBN in form of soft loans to the states for the purposes of paying backlog of salaries and the second one being the NLNG proceedsThe third part of the bailout is a debt relief programme to be proposed by the Debt Management Office (DMO) which will help states restructure their commercial loans currently put at over N660 billion and extend the life span of such loans while reducing their debt-servicing expenditures.”Already, workers have down tools in some states over unpaid salaries while several other states are currently contending with brewing labour crisis as the states are consistently unable to meet their obligations to their workforce. Projects initiated by states prior to the dip in revenue allocation have stagnated while governors are unable to fulfil their campaign promises.However, analysts at Dunn Loren Merrifield, an investment banking outfit, has advised states to stop depending on allocations from the federation and look inward by having in place a strong internally generated revenue (IGR) mechanism. By so doing, the analysts pointed out, their finances won’t be subjected to the vagaries of crude oil prices and they will effectively meet expenditure and cater for the needs of people of their states.“Most states in Nigeria are largely funded by allocations from the federation account as internally generated revenues (IGR) remain weak to meet expenditure needs. The impact of the global headwinds on Federal Government revenues began trickling down to the states evidenced by the inability to meet salary and pension obligations.“From the foregoing, the urgent need for state governments to look inwards through an improvement in internally generated revenue can’t be overemphasised,” they said.The DLM analysts believed, this could be achieved “through improved fiscal prudence, eliminations of revenue leakages and a reduction in the cost of governance.”They posited that “the silver lining with this prevailing economic weakness presents an opportunity for states to seek other revenue generating options to improve their respective IGRs which in our opinion had not considered a priority due to Nigeria’s current revenue distribution mechanism.”Recalling that, “an initiative was formulated by the National Planning Commission and the National Bureau of Statistics in 2013 which was aimed at producing a report which shows States’ Gross Domestic Product (SGDP) in a bid to encourage states to further improve on revenue generating mechanisms and aid healthy competition”, they said: “We are optimistic that this initiative if successfully implemented will increase the drive for states to boost income generating capacity which would further impact on overall national output. The country therefore needs to develop a structure that incentivises and supports states to generate revenues.”http://www.thisdaylive.com/articles/again-states-seek-another-bailout-osun-worst-hit/231895/

FKO81:

why will they move when your forefathers all agreed in indivisible nation, until Nigeria cease to exist they can now move.

So why complain about SE being inhabitable and economically backwards when your kindmen see no value in their own land?

[s]

FKO81:

Tunde your your region is wost hit by poverty


Lagos state government refuses to seek bailoutKunle AderinokunSix months after the Federal Government bailed out 19 of the 27 states that were enmeshed in financial crisis, states are seeking another bailout. They have been hit by another cash crunch as a result of the prevailing economic realities, THISDAY has learnt.THISDAY checks revealed that most of the states that benefitted from the N400 billion intervention fund, in the form of loans offered by the Federal Government through the Central Bank of Nigeria (CBN), have approached the presidency and the CBN for another bailout.However, investigation reveals that the Lagos State government has refused to join the states seeking bailout. This is an obvious indication of the buoyant finances of the state, which generates about N23 billion monthly.Apart from the CBN intervention, there were other reliefs endorsed by President Muhammadu Buhari and shared to the states, which included the $2.1 billion Liquefied Natural Gas (LNG) proceeds that accrued to the Federation Account.Following the CBN intervention fund the distressed states received in July 2015, which attracted repayment with interest, deductions are being made in earnest. However, given the dwindled revenue accruing to states from the federation account occasioned by the crash in the prices of crude oil at the international market coupled with the fact most of them are already neck deep in debt to commercial banks, what remains, after all deductions, amount to almost nothing. States are now seeking more concessions.Apart from the ripple effect of the plummeting oil prices, which only last Thursday fell to a 12-year low and made a rebound by 12 per cent after suggestions of renewed talks on OPEC cut at the weekend, what compounded their problem is that most of the states are also fulfilling their obligations to the Irrevocable Standing Payment Order (ISPO) they have taken.Osun State, which is said to be the worst hit of all the states, THISDAY learnt, is left monthly with a paltry N40 million after deductions have been made. This amount could hardly be used to run the basic day-to-day operation of state government let alone pay the workers’ salaries. The other states, THISDAY checks, are also in sorry state as they could not meet obligations.They are now groaning in pains and are at a loss of to do in order to get out of the quagmire.The Federal Government, in accordance to the decision of National Economic Council (NEC) in July last year offered of 19 out of the 27 states affected by cash crunch a relief package to pay backlog of their workers’ salaries.The states included Ekiti, Nassarawa, Kwara, Kebbi, Zamfara, Osun, Niger, Bauchi, Gombe, Abia, Adamawa, Ondo. Others that enjoyed the facility were Imo, Ebonyi, Ogun, Plateau, , Sokoto, Edo and OyoFollowing the approval of the intervention fund, the CBN spokesman, Ibrahim Mu’azu, had clarified that the facility was made available with 20-year tenure except Ogun which had its own on a 10-year tenure.Essentially, President Buhari endorsed a three-pronged relief for the distressed states. One of it was the intervention from the CBN in form of soft loans to the states for the purposes of paying backlog of salaries and the second one being the NLNG proceedsThe third part of the bailout is a debt relief programme to be proposed by the Debt Management Office (DMO) which will help states restructure their commercial loans currently put at over N660 billion and extend the life span of such loans while reducing their debt-servicing expenditures.”Already, workers have down tools in some states over unpaid salaries while several other states are currently contending with brewing labour crisis as the states are consistently unable to meet their obligations to their workforce. Projects initiated by states prior to the dip in revenue allocation have stagnated while governors are unable to fulfil their campaign promises.However, analysts at Dunn Loren Merrifield, an investment banking outfit, has advised states to stop depending on allocations from the federation and look inward by having in place a strong internally generated revenue (IGR) mechanism. By so doing, the analysts pointed out, their finances won’t be subjected to the vagaries of crude oil prices and they will effectively meet expenditure and cater for the needs of people of their states.“Most states in Nigeria are largely funded by allocations from the federation account as internally generated revenues (IGR) remain weak to meet expenditure needs. The impact of the global headwinds on Federal Government revenues began trickling down to the states evidenced by the inability to meet salary and pension obligations.“From the foregoing, the urgent need for state governments to look inwards through an improvement in internally generated revenue can’t be overemphasised,” they said.The DLM analysts believed, this could be achieved “through improved fiscal prudence, eliminations of revenue leakages and a reduction in the cost of governance.”They posited that “the silver lining with this prevailing economic weakness presents an opportunity for states to seek other revenue generating options to improve their respective IGRs which in our opinion had not considered a priority due to Nigeria’s current revenue distribution mechanism.”Recalling that, “an initiative was formulated by the National Planning Commission and the National Bureau of Statistics in 2013 which was aimed at producing a report which shows States’ Gross Domestic Product (SGDP) in a bid to encourage states to further improve on revenue generating mechanisms and aid healthy competition”, they said: “We are optimistic that this initiative if successfully implemented will increase the drive for states to boost income generating capacity which would further impact on overall national output. The country therefore needs to develop a structure that incentivises and supports states to generate revenues.”http://www.thisdaylive.com/articles/again-states-seek-another-bailout-osun-worst-hit/231895/

[/s]

Who is tunde? You are a disgrace to sane Ibos like me, you have always disgrace us on this forum with your jealousy and hatred for everyone. If you are not fighting our brothers in Imo, you will be fighting those in Abia. Why are you allowing your being jobless to direct your life, dont you have any shame? This is pathetic

FKO81:

why will they move when your forefathers all agreed in indivisible nation, until Nigeria cease to exist they can now move.

Why are you always bitter, its telling in your life and making you go mad. Leave these people alone and lets face the disaster rocking our SE region, we are now slaves and people mock us daily, even Fulani see us as trash. You have no shame

https://www.nairaland.com/250187/bad-news-almajiri-now-down
My brothers kindly open the thread and read, seriously our leader really need be proactive, very sad news