Alj Uche:

how

has ohaneze, ibb, OBJ and others probe jonathan for the misuse of funds he committed in power as a governor and even as the current president before he was accepted

Moves:

Whats all the hype about; Lets wait till atleast 2014 to start making connotations; for all we know fashola 2nd term maybe a disaster; Let him deliver on the Six lanes lagos badagry express; the Light Railway; if not 4th mainlain bridge atleast extend Mile 12- Ikorodu road to Four lanes whilst maintain similar of service delivery in other areas as obtainable presently, then we can talk; The above list project will show that he was able to conquer atleast the transportation monster facing lagos state. IMO

Timehin:

No be beans! Dont think the guy get liver for such a move. Theres too much money, much mega corruption, in this mega city of ours and attempt like that will expose mega can of worms!

Moves:

Whats all the hype about; Lets wait till atleast 2014 to start making connotations; for all we know fashola 2nd term maybe a disaster; Let him deliver on the Six lanes lagos badagry express; the Light Railway; if not 4th mainlain bridge atleast extend Mile 12- Ikorodu road to Four lanes whilst maintain similar of service delivery in other areas as obtainable presently,  then we can talk; The above list project will show that he was able to conquer atleast the transportation monster facing lagos state. IMO

Beaf:

I wonder why the talk about Obj? He isn't PDP, he might be a senior member, but he isn't PDP and he ruled almost a decade ago.
90% of the things you mentioned do not form an ideology either.

As for the bolded, GEJ is a quiet operator, something thats really necessary because of the type of politics we practice in Nigeria. You really need to keep your ear to the ground until after the elections, which GEJ will win by the grace of God.
Until that time, I'll tell you though that he will take the party toward true federalism, a welfarist capitalism, citizen empowerment, education and technology; and they are already looking to alter the very obnoxious land use decree.

A lot of these things cannot be discussed by the FG until the weeding of the farm is completed.


You never know, when the box is opened, it might prick Fashola's interest. That man cannot be allowed to retire into obscurity when he is done as gov.

Andre Uweh:

For Fashola to be widely accepted by Nigerians, he should probe Tinubu for maladministration and other sins.

Guru D.:

Fashola is great as Governor but i have not seen any politicking from him. Politics is beyond excellent administrative skills or leadership qualities or visionary projects. It is a balancing act of diplomacy, statemanship, leadership and guile. Fashola may or may not hit the national stage but Tinubu is there, succeeding as we can see from the growth ( though small) of the ACN as an opposition party. Fashola might be the best governor in the whole world but without people like Tinubu (or any other political grand master), he will not get very far, ask Donald Duke.

Guru D.:

@ Beaf; are u saying the pdp is incapable of breeding leaders like Fashola? U will call Amaechi and Chime. But if u live in Port-Horcourt u will know that the pdp in rivers is very much different from that predominant in the country. I do not have any say on Chime, I do not have first hand knowledge of the man or the situation in Enugu.
will a man like Fashola thrive in a party like pdp with all its godfatherism and do-or die politicians, who play the politics of favoritism and zoning? Fashola is a man that only hardwork will bring him progress and he needs to be in the party that rewards hardwork and runs a fair and just system. u definitely will cry foul but the ACN is a more progressive party than the pdp (ultra conservatives)

sbeezy8:

PDP is incapable of breeding better leaders in the west because Obj has hands on everything!

Beaf:

Lol! What if the reformed PDP opens its doors to ACN? Lol!
I'm sure the best of ACN would rather deal with PDP than deal with the cabal thats now in CPC; as we speak a confused Buhari is holding desperate talks with Ciroma and Ribadu for a Northern consensus candidate.

ROBERT BESSELING of Al-Jazeera just made it known on the international news channel that GEJ is unable to account for 22billion dollars of money from the excess crude accouint. .what a shame . .nigeria's failures being analyzed by foreigners. .

BTW,Nigeria is Africa's no1 crudeoil exporter and nothing to show

espn:

@beaf why did you come up with this thread, did fashola and tinubu ever announce to the pulic that they have got some misunderstanding or issues, or has fashola complained to you that he is tired of ACN or wants to leave for another party, as a rational thinking human being i believe a thread like this shouldnt have come up, cos i dont really know the correlation between FASHOLA,TINUBU.leaving for PDP or overthrowing TINUBU, it doesnt make sense to me, please dont try and distract ACN as a party, and the supporters of ACN, dont believe threads like this should be posted next time,  

md4real:

i wonder why it even made the front page.

paddy_lo:


[b]Thats the craziest lie i heard in ages. . lol. . .so if Al jazeera the corrupt biased Arab channel tells u anything u believe?. .

The money went to the 36 states. . including the ACN states u so praise. .

EXTERNAL RESERVES
I will be brief. . .The CBN manages the External reserves. . and it has told u that there is elevated demand for dollars due to the political risk inherent in these elections. . .The CBN offers dollars for sale on the WDAS twice weekly. . last week it offered $1 Billion( thats $600million and $400million)

The CBN has to try and meet this elevated demand so as to maintain the level of the naira and not depreciate it
depreciating the naira will lead to imported inflation and more poverty for our people

The CBN has also introduced Foreign exchange forwards and derivatives last month to try and smooth out demand for dollars. . right now it offers 1 month,2 months and 3months forward contracts. .

Sanusi has said that at the rate the reserves are building it should be significantly higher than it is now by yr end. . .right now External reserves are at $34.7 Billion dollars and rising

EXCESS CRUDE ACCOUNT

The ECA was set up to save excess oil earnings. . .however in times of economic crises like during the world financial meltdown it is expected to be used as a counter cyclical measure to prevent the country going into recession and augment government finances

Thats exactly what happened and why the money was spent. . .However the Government is trying to set up a SWF to replace the ECA. . .The bill has just been sent to the National assembly and if passed this year it will help make our excess oil earnings better and professionally managed

note that Nigeria and Iraq are the only OPEC nations without a Sovereign wealth fund. . .Pls go and ask Buhari why he didnt set one up for the country back in 1983 when he ruled?. . . .it is now left for Jonathan 30yrs late to set up. . .

Finally The Excess crude account has grown to $7Billion dollars(as at yesterday) from about $2 Billion in January 2011. . .pls give jonathan credit for that
The man is lucky and good for Nigeria. . immediately he comes in oil prices rise. . lol

pls see link below from todays businessday. . .
http://www.thisdaylive.com/articles/excess-crude-account-rebounds-hits-6-9bn/89484/

OIL REVENUES AND OIL EARNINGS

As for your misguided mathematics about our oil earnings. . what u did above by multiplying 2million barrels by the price of oil is plain wrong

If u do that u get our oil revenues or sales. . but every financial guru( i guess u are not one). . knows that sales is not equal to earnings. . .
what i am trying to say is that oil companies make the sales and pay taxes, royalties plus NNPCs share of the PSC/ Joint ventures

For instance the deep offshore where most of our oil production is taking place we only get 35% of the total sales plus taxes. . because we gave the companies generous concessions so as to develop those fields

as for the difference between the budgeted $65 dollar/ barrel and the current $120 dollar per barrel?. . .well that goes to the ECA for now. . and it has ballooned to $7Billion dollars in just 3months. . .showing that Jonathan is doing the right thing for Nigeria. . .

and Nigeria has much to show for its oil wealth. . of which ii earns the least in Africa by the way. . .when u do a per capita oil production. . .Libya is 6million ppl. . producing 1.5million barrels. . Angola is 25Million people. . producing 1.7Million Barrels. . while Nigeria is 150Million strong. . producing a little over 2million barrels. . .so Per capita wise. . .we dont produce much and oil cannot go too far for all these ppl. . even in libya with only 6million there is chronic unemployment

Thats why the FGN under GEJ has proposed a gas revolution that will lead to over 1million jobs. . .and diversify/power our economy

cheers


[/b]