alphamodel1:
Adeosun should go and consult wit Ngozi Okonjo Iwuala on how to run an economy. Nigerian economy is far bigger than her. This is not a time for trial and error approach, not a time for just to talk the talk but to do the talk!

musicwriter:
I' am alarmed these people still don't understand what the long term goal should be, instead all the so called solution they have to offer amounts to nothing but treating symptoms.

If we need infrastructures, the long term solution lies in investing massively in science and engineering in our universities, because it is human beings that builds infrastructures.

If we want to mine our minerals off the soil, the solution lies in investing massively in chemistry and geology in our universities, because its human beings that mine minerals.

Science + Technology = Industry.

Therefore, we cannot have a thriving minning sector without science and technology, even if there's investment fund.

Science + Technology + Industry = Development.

This's self explanatory. Development is a product of science, technology, industry.

Throwing money here and there is not the solution to our problem!. Our problem boils down to failure of the education sector. There's no real education going on in Africa, therefore, we don't have enough qualified people to cause development!.

Honestly, I see no headway so far. As it stands, we don't even have qualified people in decision making!

Development cannot happen, unless the Nigerian masses possess real education to cause development. Everything else outside this amounts to treating symptoms.

eleojo23:


Under Jonathan, minimum wage for federal workers was increased from 7000 to 18000, where did the extra money come from?

Under Jonathan, the FG was paying billions of naira monthly to subsidize petroleum products whose prices kept rising as the price of crude oil rose. A subsidy he tried to remove but was vehemently resisted by the citizens.

Under Jonathan more power

stations costing billions of dollars were completed and made operational.

Under Jonathan old and dilapidated railways were brought back to life (PH Enugu) and brand new standard guage ones (Abuja kaduna ) were also built. These cost billions of dollars to build.

Under Jonathan, perennial death traps like Benin Ore road were rebuilt, these cost billions of dollars.

Under Jonthan, 9 new Federal universities were built, OBJ built none.

Under Jonathan some university
lecturers began earning bigger salaries. Where did the money come from?

Under Jonathan, billions of naira was injected into the amnesty program (initiated by Yaradua). This was done to ensure uninhibited flow of oil. The money came from somewhere.

Under Jonathan our military which had been deliberately abandoned for many years was revamped with billions of dollars to fight boko haram. That money came from somewhere

eleojo23:


Under Jonathan, minimum wage for federal workers was increased from 7000 to 18000, where did the extra money come from?

Under Jonathan, the FG was paying billions of naira monthly to subsidize petroleum products whose prices kept rising as the price of crude oil rose. A subsidy he tried to remove but was vehemently resisted by the citizens.

Under Jonathan more power
stations costing billions of dollars were completed and made operational.

Under Jonathan old and dilapidated railways were brought back to life (PH Enugu) and brand new standard guage ones (Abuja kaduna ) were also built. These cost billions of dollars to build..

Under Jonathan, perennial death traps like Benin Ore road were rebuilt, these cost billions of dollars.

Under Jonthan, 9 new Federal universities were built, OBJ built none.

Under Jonathan some university
lecturers began earning bigger salaries. Where did the money come from?

Under Jonathan, billions of naira was injected into the amnesty program (initiated by Yaradua). This was done to ensure uninhibited flow of oil. The money came from somewhere.

Under Jonathan our military which had been deliberately abandoned for many years was revamped with billions of dollars to fight boko haram. That money came from somewhere

Under Jonathan, minimum wage for federal workers was increased from 7000 to 18000, where did the extra money come from?

Under Jonathan, the FG was paying billions of naira monthly to subsidize petroleum products whose prices kept rising as the price of crude oil rose. A subsidy he tried to remove but was vehemently resisted by the citizens.

Under Jonathan more power stations costing billions of dollars were completed and made operational.

Under Jonathan old and dilapidated railways were brought back to life (PH Enugu) and brand new standard guage ones (Abuja kaduna ) were also built. These cost billions of dollars to build.

Under Jonathan, perennial death traps like Benin Ore road were rebuilt, these cost billions of dollars.

Under Jonathan, 9 new Federal universities were built, OBJ built none.

Under Jonathan some university lecturers began earning bigger salaries. Where did the money come from?

Under Jonathan, billions of naira was injected into the amnesty program (initiated by Yaradua). This was done to ensure uninhibited flow of oil. The money came from somewhere.

Under Jonathan our military which had been deliberately abandoned for many years was revamped with billions of dollars to fight boko haram. That money came from somewhere

eleojo23:


Under Jonathan, minimum wage for federal workers was increased from 7000 to 18000, where did the extra money come from?

Under Jonathan, the FG was paying billions of naira monthly to subsidize petroleum products whose prices kept rising as the price of crude oil rose. A subsidy he tried to remove but was vehemently resisted by the citizens.

Under Jonathan more power
stations costing billions of dollars were completed and made operational.

Under Jonathan old and dilapidated railways were brought back to life (PH Enugu) and brand new standard guage ones (Abuja kaduna ) were also built. These cost billions of dollars to build.

Under Jonathan, perennial death traps like Benin Ore road were rebuilt, these cost billions of dollars.

Under Jonthan, 9 new Federal universities were built, OBJ built none.

Under Jonathan some university
lecturers began earning bigger salaries. Where did the money come from?

Under Jonathan, billions of naira was injected into the amnesty program (initiated by Yaradua). This was done to ensure uninhibited flow of oil. The money came from somewhere.

Under Jonathan our military which had been deliberately abandoned for many years was revamped with billions of dollars to fight boko haram. That money came from somewhere

tit:


your man is a failure.
stop moaning

eleojo23:


Same old blame game. You guys are already sounding like a broken record.

Did anybody force Buhari to make bogus promises?
He sounded as if he knew Nigeria's problems and said he will fix it. Gullible people believed him and voted for him and unfortunately, after one year, he (and his minions like you) is still crying about what the previous administration did or did not do.

It shows that he was making those promises with zero knowledge of the situation of things. That is the definition of super cluelessness.

It is too late for excuses.

bashydemy1:
Have you forgotten so soon that OBJ also increase minimum wages and still be able to safe alot in a foreign reserve where did he get the money he use to pay the minimum wages and be able to safe?

Abeg which military are you talking about? is it the same military that was being probe for $2.1billion money meant for ammunition that was shared by ATM Dasuki? please don't provoke me..


About the amnesty who did they give the money and what was the outcome? Asari dokubo left his state Bayelsa, left his Country Nigeria and went to invest the money in another country Benin Republic. Now tell me of what benefit if the amnesty to Nigeria and Nigerians? how about tompolo that use his own money to buy warship and ammunition from foreign country without investing it here.. the list is endless.q

eleojo23:


Under Jonathan, minimum wage for federal workers was increased from 7000 to 18000, where did the extra money come from?

Under Jonathan, the FG was paying billions of naira monthly to subsidize petroleum products whose prices kept rising as the price of crude oil rose. A subsidy he tried to remove but was vehemently resisted by the citizens.

Under Jonathan more power
stations costing billions of dollars were completed and made operational.

Under Jonathan old and dilapidated railways were brought back to life (PH Enugu) and brand new standard guage ones (Abuja kaduna ) were also built. These cost billions of dollars to build.

Under Jonathan, perennial death traps like Benin Ore road were rebuilt, these cost billions of dollars.

Under Jonthan, 9 new Federal universities were built, OBJ built none.

Under Jonathan some university
lecturers began earning bigger salaries. Where did the money come from?

Under Jonathan, billions of naira was injected into the amnesty program (initiated by Yaradua). This was done to ensure uninhibited flow of oil. The money came from somewhere.

Under Jonathan our military which had been deliberately abandoned for many years was revamped with billions of dollars to fight boko haram. That money came from somewhere

anonimi:


Why do zombies tell LIES so easily and repeatedly?
Do they think that their fellow citizens are all brain-dead like themselves
Ask the JagbaJantis of Bourdillon and the 36 state governors -what was the money spent on. Okay?







www.nairaland.com/attachments/2578022_iweala_jpeg0858fd35c7757170d8155dae6623e1c2

Bolustic:
You don't need to distort facts and palpable history in order to defend the Hero,

Tell me more, I'm sure you are not aware the FG under GEJ had to borrow around 437 billion naira to pay May salaries last year.

Spare us this subsidy trash, how did subsidy payment of about 250 billion yearly under Yaradua become trillions under GEJ in just 3 years.

Haba, and Nigeria is still in darkness, ok name the power plants that were started and completed by GEJ and let me bust your phoney claims.

Oga, GEJ had not thought of becoming a governor when Abuja-Kaduna rail line was started by OBJ, Buhari completed it.

What of Lagos-Ibadan Express Way sir?

Why build new universities when our first generation universities have dilapidated infrastructures? In fact, none of them is in the top 1000 globally.

How come ASUU went on strike for close to a year under him?

The billions that made Asari, Tompolo and other criminals overnight billionaires at the expense of the majority of the ND people?

Are you kidding me? GEJ Dasukified monies meant for the above purpose.

eleojo23:


For your mind now you have made a point.
Clap for yourself.

Geniro:


This zombie doesn't ever make sense. What was the minimum wage during OBJ time compared to now. Population indices nko.

Kindly restrict yourself to the islamic section.

Toddles.

anonimi:


Why do zombies tell LIES so easily and repeatedly?
Do they think that their fellow citizens are all brain-dead like themselves
Ask the JagbaJantis of Bourdillon and the 36 state governors -what was the money spent on. Okay?
www.nairaland.com/attachments/2578022_iweala_jpeg0858fd35c7757170d8155dae6623e1c2

alphamodel1:
Adeosun should go and consult wit Ngozi Okonjo Iwuala on how to run an economy. Nigerian economy is far bigger than her. This is not a time for trial and error approach, not a time for just to talk the talk but to do the talk!

chronique:
You don't need to answer these folks. Most of them talk like Nigeria was paradise before GEJ became president. I enjoyed my best years in business under GEJ's govt,and I know how bad business is now,for me and my partners. Nobody can tell me anything contrary to what my personal experiences are.

eleojo23:


Under Jonathan, minimum wage for federal workers was increased from 7000 to 18000, where did the extra money come from?

Under Jonathan, the FG was paying billions of naira monthly to subsidize petroleum products whose prices kept rising as the price of crude oil rose. A subsidy he tried to remove but was vehemently resisted by the citizens.

Under Jonathan more power
stations costing billions of dollars were completed and made operational.

Under Jonathan old and dilapidated railways were brought back to life (PH Enugu) and brand new standard guage ones (Abuja kaduna ) were also built. These cost billions of dollars to build.

Under Jonathan, perennial death traps like Benin Ore road were rebuilt, these cost billions of dollars.

Under Jonthan, 9 new Federal universities were built, OBJ built none.

Under Jonathan some university
lecturers began earning bigger salaries. Where did the money come from?

Under Jonathan, billions of naira was injected into the amnesty program (initiated by Yaradua). This was done to ensure uninhibited flow of oil. The money came from somewhere.

Under Jonathan our military which had been deliberately abandoned for many years was revamped with billions of dollars to fight boko haram. That money came from somewhere

StOla:
We are suffering for the waste and gluttony of the past administration.

The only administration that could not increase the foreign reserve despite selling crude at very high prices, instead it depleted what the OBJ regime saved despite lower oil prices then.

If OBJ could increase the reserves from $3Billion+ to $45Billion and still pay a Paris club debt of $18Billion with an oil price ranging from $16pb to $60pb in his 8 year administration from 1999 to 2007, what exactly is Jonathan's excuse for not building on that especially when crude sold for about $100pb in 4years out of his 5years administration?

Yar'Adua built on the $45Billion inherited from OBJ and took it to $47Billion in less than 3years, while still spending about $16Billion to cushion the effect of the 2008/2009 global financial meltdown.

That Jonathan's regime left only $29Billion in the country's reserves without any tangible infrastructure, should be considered a treasonous offence.

What was the money spent on? The PDP envelope of dollars?

Was it spent to diversify the economy? Then how come an oil crisis has plunged our economy?

How come the Jonathan administration was already borrowing to pay salaries in February, March, and April 2015? This was just 8months into the oil price slump which was even still about $50pb then.

DesChyko:


Since you're still carrying this propaganda banner around, let me bring something to your notice:



If 20 out of 27 LGAs were under seige by Boko Haram, can you please explain how APC produced the results above that was critical to their victory in the state?

Perhaps you may say immediately it was time for the elections, the crisis cleared so that he could be voted in? Then a lot will make more sense

bashydemy1:



Which of the iweala? you mean this same iweala that says all the below?


http://www.vanguardngr.com/2016/04/nigeria-had-no-political-will-to-save-under-jonathan-okonjo-iweala/


https://www.nairaland.com/963689/okonjo-iweala-warns-nigerians-prepare-economic

anonimi:


Why do zombies tell LIES so easily and repeatedly?
Do they think that their fellow citizens are all brain-dead like themselves
Ask the JagbaJantis of Bourdillon and the 36 state governors -what was the money spent on. Okay?

Sentimentally stupid response! This is the type of subterfuge that stems from followers of a politically very lame and weak leader like GEJ.






www.nairaland.com/attachments/2578022_iweala_jpeg0858fd35c7757170d8155dae6623e1c2

KingOfAmebo:


Hate her if you like... Nigerians weren't suffering under her watch...you don't have to drink 7up to know the difference is clear now.

bashydemy1:
Show me the hate in my comment? Nigeria is not suffering under her why is he complaining of saving cos of future?

KingOfAmebo:


And to you that is a terrible advice considering the hardship Nigerians are facing now...chai Nigerian Youths no dey disappoint to dey fall person hand.

bashydemy1:
Did you know PDP control most states then, so who lead the sharing protest then? Akpabio, Mimiko etc.. Now ask yourself after all teh money that was share what did various state Governors do with theirs? Which states are suffering now? Bayelsa, is among them and it's an oil producing state.

chino11:
• Kwara, Osun, Zamfara commence payment of salary arrears, 24 other states to follow
Obinna Chima

In line with the federal government’s resolve to reflate economic activities in the country, the Central Bank of Nigeria (CBN) will this week continue the disbursement of its special intervention fund totalling N338 billion to 27 states in the country.


Already, the funds to Kwara, Zamfara and Osun States were disbursed last week and they have commenced the payment of salary arrears to workers in their respective states, THISDAY learnt yesterday.


A source at the central bank confirmed that more states would get their monies this week.
From the breakdown of funds made available to the first three states to which monies were disbursed last week, Kwara State got a total of N4.320 billion from the special intervention fund, Osun got N34.988 billion, while Zamfara was given N10.020 billion.

The loans repayable at an interest rate of nine per cent over a 20-year period, also showed that Abia State is expected to get N14.152 billion, while Adamawa State will receive N2.378 billion; Bauchi – N8.60 billion; Bayelsa – N1.285 billion; Benue – N28.013 billion; Borno – N7.680 billion; and Cross River – N7.856 billion.

In addition, Delta has got the central bank’s approval to receive N10.036 billion; Ebonyi – N4.063 billion; Edo – N3.167 billion; Ekiti – N9.604 billion; Enugu – 4.207 billion; Gombe – N16.459 billion; Imo – N26.806 billion; Katsina – N3.304 billion; Kebbi – N0.690 billion and Kogi – N50.842 billion.

Nasarawa is also expected to get N8.317 billion, while Niger will receive a total of N4.306 billion; Ogun – N20.00 billion; Ondo – N14.686 billion; Oyo – N26.606 billion; Plateau – N5.357 billion and Sokoto will get N10.093 billion.[/b]


The source, a senior central bank official, stressed that with the disbursement of the N338 billion to the 27 states that applied for the special intervention fund, economic growth would be stimulated through the payment of outstanding salaries to workers who have been owed for months.


He explained: “Once salaries are paid, we expect consumption to increase nationwide and this will go a long way in stimulating economic activities.


“After disbursing to Kwara, Osun and Zamfara, more states which applied will get their funds this week, and we have ensured that we kept the interest rate low at 9 per cent and loans repayable over a 20-year period.”


As part of the federal government’s resolve to end the lingering crisis of unpaid workers’ salaries in the country, especially in several states of the federation, President Muhammadu Buhari had approved a comprehensive relief package designed to salvage the situation.


Part of the relief package was the CBN's special intervention fund to be offered to states, which would be in the form of soft loans available to states to access solely for the purpose of paying the backlog of salaries.


The approval of the special intervention fund was sequel to the decision by the National Economic Council (NEC) at its meeting of June 29, 2015, that had requested that the CBN, in collaboration with other stakeholders, should appraise and consider ways of liquidating outstanding workers’ salaries owed by state and local governments.

The conditions for accessing the facility included resolutions of the respective state executive councils (SECs) authorising the borrowings and state Houses of Assembly consenting to the loans, as well as issuance of Irrevocable Standing Payment Orders (ISPOs) to ensure timely repayment at source from the states’ Federation Account allocations.

http://www.thisdaylive.com/articles/bailout-cbn-injects-n338bn-in-27-states-to-stimulate-economy/218955/

StOla:


I think they actually want Buhari to create money that does not exist, and print some dollars for everyone's vanity. They also want him to create jobs now that weren't created in a time of plenty.

Don't they get that you have to earn money to have money, and the government that handed over made no provision for such apart from the usual oil earnings that have slumped globally?

Yet when the government goes after those who have robbed the country, even non-politically affiliated suspects, those wailing now would still be the ones to come defend them while condemning the government.

bashydemy1:
There's always an answer to you question, It's glaring that Boko Haram take over most LG in Borno to the extent of chasing our military men out of barracks courtesy of your Error GEJ who him and ATM Dasuki share the money meant for arms.

Mind you election did not hold in so many places in the North Eastern states. Now compare election result in 2007 in Borno to that of 2015.

DropShot:
The current government is doing the right thing to re-set our bastardized system.

Our economy was wrongly tagged "the largest economy in Africa" by all of us. Yes, it was wrong to tag a mono-economy, import and imported-service-driven one as a big economy.

Basic economics tells me that an economy not developed on provision of massive infrastructures or production of goods and services, cannot experience real growth in the real sense of the word "growth".

Our economy thrived on exportation of crude oil. It is simple logic and common sense that once such surreal crude price and crude quantity exported are removed, the economy will crash.

PMB has done reasonably well to arrest what could have been a catastrophic situation had the Ineffectual, militancy-sponsoring Buffoon managed to stay on.