₦airaland Forum

irunoobo:
Ekweremadu is a brainless Igbo man. I wont be surprised if he is the sponsor of the Biafra protests just to distract the government from recovering looted funds

What has being Igbo got to do with this? You should be worried about BH abs those that are plundering the nation.

Poor always telling famous and successful peeps how to spend their money!! If you are smarter and better, you should about another Tuface or better

bashydemy:
bail out fund was meant to pay civil servant while that of PDP and Okonjo iweala was embezzled.

Stupidity ingrained in ur DNA. Governors that had already collected federal allocation and squandered the money without paying their workers

bashydemy:
You stop this your nonsense comments, if you don't how thing run then keep your mouth shut and watch.. Will some be charged without arrest? They will be arrest and investigate and if found guilty they will be charged to court..

Typical Naija lazy mentality.. Investigation is carried out before arrest. If u arrest them before evidence, they and their cronies might destroy evidence.Also, you can only keep in detention for 48hrs.
Also in criminal cases, beyond a reasonable doubt clause is invoked before charges are filed. You must have at least have 80% proof that said crime did occur before going to court.

bettercreature:
How much did you get from all these stolen funds? stop acting like illiterate,we youth are the one paying for these bullcraps,You are right to some point tho,PMB must not get involve

How much have we recovered from GMB. Willful ignorant folks like don't understand how the law works. Most of the stolen funds are stashed in foreign banks and foreign banks and govts cannot seize and repatriate these funds without a court-sanctioned seizure and forfeiture order. Everywhere is not like Idi Anim republic like Naija

Please stop this Nonsense!! GMB cannot be the investigator, prosecutor, police, judge, executor in these cases. Let them be charged if they have enough evidence... We aren't in Idi Amin republic!!

Not really, Oyibos marvel at out suffering and smiling attitude, but every time they faced with other option of staying in Naija, the choose their country.
It's a lie we have told ourselves, Naija is a mess.. A country like Dominican Republic is a tropical paradise, but not as rich as Naija, but Oyibos are buying houses and relocating.

GMB doesn't understand the fierce urgency of now. He's not charting any course for the country. He said he would plug in loop holes to increase national budget, turns he plans to borrow to finance the budget. Increasing our by a whopping 50% by a man who has no plans on how to run the country is going to saddle our generation with a lot of debt when there is nothing to show for it. Wolves like Amechi, Fashola and their cronies are going to pillage these funds and Nigerians will get stuck with bill for years.. GMB is on course to equal or beat GEJ's worst record. Naija is toast!!

And most importantly, govt policy of hoarding and restricting $$€€ hasn't stopped anything. It keeps going up and up!!

Why can't CBN sell to banks and they will in turn sell to customers with BVN?

What a display of arrogant idiocy. In a sane clime, discounts are first offered to military and their family

Corrupt media practitioners and their politrickian paymasters still profiteer from big catastrophic disasters like bombing and BH. While Nigeria masses pray that to stop BH, Politrickians work to grow BH so that they can enrich their pocket and cronies!!

And most importantly, the woman cannot play the stomach-card of denying the man food if she doesn't get her wishes..way to man's heart is through his stomach doesn't apply... Lol

raumdeuter:
No other person but Jagaban Asiwaju Bola Ahmed Tinubu

The man who singlehandedly terminated the 50yr rule of the PDP and confined Jonathan back to the creeks

Jagaban is not only politician of the year but Politician of the decade and of the century as well

Dude.. He's an outstanding politician in 2015, but he was a loser for 16 yrs as well.

Meeloreh:
Buy skirts or gowns, u are a lady. I think this is even appropriate when visiting places like that or even an interview. Thank ur stars it wasn't some place with better opportunities

Nonsense.. So if she was well qualified, she would have been passed up if it were a place of better opportunities? Naija ignoring most important things and focusing on trivial since 1900

omonnakoda:
Poverty is conquered and they are having 8 children to give away as apprentice?

And they keep running to other people's land and don't stay at home

And Aba is a dirty dust bin?

Show us data to support ur claim that Igbos are wallowing in poverty. Show us data childhood poverty is more prevalent in the east than other region. Keep claiming ur land in a city/state where you have no C of O that bears name. Arrogant display of sophisticated idiocy!!

chemali:
Gas tax does not exist. And no where did Fashola say he was introducing tolls on roads that are bad!!!! He talked about tolls for maintenance, not construction

OBJ eliminated tolls and introduced fuel tax.. Read up!!

Gazzy88:
lagos-abeokuta was tolled also or haven't you heard of toll-gate along that road before?

That's one of the worst roads in Naija. Build the roads first and reintroduce till after u have eliminated gas tax.

jumboo:
These is a sample toll fare in a state in USA. The cheapest fare @ $3.50 is 7 times the fare on Lekki Expressway @ 120 naira. I admit things are difficult in Nigeria now. However, Nigerians should know that tolls are unavoidably considering the high cost of road maintenance. Additionally, the payment of tolls will ensure that Nigerians demand accountability over the state of their roads. I won't pay toll on a dead road.

Minimum wage in California is $9 per hr= N2000 while Naija minimum wage is N18k which is about N900 per work day.. Btw roads in CA were first built before mounting tolls, but in Naija, roads aren't built and the govt is talking about installing tolls before building roads.

omonnakoda:
There is nothing uniquely Ibo about apprenticeship .Generally you have apprenticeships among traders and also craftsmen followng different traditions. Trading is common in Men among the Hausas and some Ibo groups while among the Yoruba trading is done mostly by women.Not all Ibo groups are traders.
Hausas trade in foreign exchange, gold,agricultural products to name a few.They too have experience of travelling with large quantities of cash across West Africa for generations.
Apprenticeship is the model used by many Yoruba craftsmen to learn their trade whether as building contractors,mechanics,tailors,fabricators of metals( local machinery truck bodies etc). This also operates among Hausas who are a large body of mechanics servicing the heavy goods trucks in Sagamu and Ibadan.
The notable issue here in this Ibo apprenticeship is this model of serving for a term and then being rewarded afterwards. The biblical story of Jacob and Rebecca comes to mind.He was asked to serve for 7 years for his bride but on completion he was given Leah the older sister because the "older must marry first" and so had to serve another 7 years for his true love. Human beings are human beings and will always try to cheat and lie if they can get away with it. We have heard so many Rebecca stories.
What is important is we are not sold this idea that somehow buying and selling is all there is to business or is the best thing a young person can or should be doing with his life.
I remain critical of the Ibo mindset of buying and selling and crying for a sea port because there is no development no moving to the next level,no manufacturing vision. No major economy has so many traders.Ultimately we need big consolidated trading companies that can negotiate with manufacturers as equals ,negotiate better deals and deliver quality to consumers. As things are most Ibo traders are not in a position to replace defective manufactured goods and this creates reputational problems often unfairly. That is the vision we need ,Nigerian Shoprites and so on in every sector from pharmaceutics,grocery,spare parts etc How is this integrated with modern technology such as the internet etc. A model where 1000 small players are each bringing in one container a month is outdated. That is the real threat to Ibo traders in the future and a challenge to Nigeria

More and more apprenticeships will not lead us anywhere as a nation. That is not a 21st century doing business.If we do not wake up we will only succumb to the Shoprites and Walmarts of the world.

The narrative of £20 somehow had to find its way into the story.Another opportunity for self affirmation.Okay.but that was then and this is now. We all want to buy quality good with our phones and have them delivered to our homes and if there are problems we want good customer service.Those are the NEW SKILLS any 21st century business needs not just buying and selling

Delusions of grandeur.
Danta trading family has given birth to Aliko Dangote who became famous in buying and sellin, yes he made his $bns from importation of rice and cement and rebagging and selling before venturing into manufacturing.
BUA Group is modeled after Danta trading family. Rabiu started with buying and selling of rice, sugar and edible oils.. He was an importer.
MRS Oil is a product of Danta Trading dynasty..
Dantata and Sawoe Construction is a product of Dantata trading dynasty.
Yinka Folawiyon Group started as a buying and selling company. Today it's one of largest shareholders in MTN Nigeria; MTN uses their buildings in Apapa and Inland axis. One of the largest shareholders in Access Bank, owns and operates oilfields/wells. One of the largest oil vessel and tank farm operators in Naija. It all began with buying and selling!
Shoprite Holding Ltd, a buying and selling company, generates 4x more revenue than Dangote Group.
As per £20 narrative, it's a historical fact which we might not be proud of as a nation, but it actually happened!!

Bevista:
(1) Budget is never the prerogative of NASS, but that of the Executive. For something as sensitive as national budget, the constitution makes is necessary for NASS to review whatever the Executive has prepared and make inputs - sometimes that may result in alteration of the budget but most times they just approve it the way it comes. It's like saying that just because the President sends Ministers to NASS for approval, then Ministerial appointment is the prerogative of NASS.

(2) The VP said that they were planning to propose a budget of N7tn - N8tn. That was a statement made over a month ago. Chances are that the dynamics of what they were considering might have changed and they had to adapt to new realities. Oil price has dropped further since that time and MTN fine has also reduced by over N250bn within that period. There could be a lot more that has changed that has made it imperative to review the budget downwards. How does adaptation amount to failure - if you know anything about economic management. In any case, as I said earlier, that comment wasn't a policy statement by government.

(3) I never said the budget lacked details, I only said I am yet to see the details. As you might have been aware by now, details of the proposed budget are beginning to come out, and by the time it gets to NASS it would have been in the public domain for everyone to analyze.

(4) Your resort to verbosity in a desperate bid to appear to have superior intellect does not impress me. You can save yourself the stress and keep that for those in your league.

1: NASS has the final say on national budget. It's their prerogative! The executive proposes a budget, then NASS reviews, appropriates, approves and enacts it into law. Appropriation is an act of the parliament not the executive. You are quite bereft of how appropriation process works. Both chambers of NASS must pass an appropriation bill and then forward to the president to give his ascent or veto. If it's vetoed by the president, NASS can override president's vetoe by 2/3 majority to become a law.
Ministers are only sent to the senate for screening and confirmation. In legislative process, confirmation and enactment aren't the same and can't be interchangeably used. Someone who gives the final approval, has the prerogative. Time to enroll in govt 101

See 2015 budget as proposed by the executive and as amended and approved the NASS.

http://www.budgetoffice.gov.ng/pdfs/price.pdf

2: From denying that there was no policy statement to speculating that VP might have made a reckless statement without checking all the facts. If 1 month is so long for them not to not have double-checked their data, what makes you think that appropriation, which takes several months to pass would not be trimmed to N4tn? And folks like you would blame NASS for slashing the budget even though the executive didn't provide new revenue stream . It's preposterous for a high ranking official like the VP to make a public statement on a budget with the hope of using MTN imposed fine to fund the budget when in fact the company in question hasn't admitted any wrongdoing and willingness to pay.

3: Show us your new revenue sources to support 50% increase to the national budget when oil prices are at the rock bottom

4: It's quite disingenuous of you to assume that someone is trying to project intellectual superiority when in fact you have been the one talking about your "silence" as the gold standard for intellectual superiority. Instead of you to lay out our " intellectual facts", you went ahead to assign me a hero; thinking that everybody who questions your utopian " fact" is a partisan hack like you.
As per my league, you are on a Keke-Napep speed powered by BAJAJ and caught up at Oju Elegba traffic while I'm on a space shuttle speed powered with enough oxygen. You may need some of my reserved oxygen to process how ministerial confirmation by the senate is soo different from budget appropriation bill by both chambers.

Bevista:
Ok, now we are getting somewhere.

(1) Before Budget proposal is taken to NASS for approval, the Executive (FEC) will sit together and discuss it extensively to make sure all ministries are properly captured. They then approve the final document before sending it to the National Assembly.

(2) I cannot remember the government making a policy statement about proposing an N8T budget. Somebody in the cabinet may have insinuated but it wasn't a definitive policy statement

(3) Instead of trying to find straws to cling on to, you should have responded to the figures I presented in my comment. Facts are Sacred!

Your hero was a monumental failure!

1:Needless to lecture me on budget process since my earlier statement that appropriation is a prerogative of NASS hasnt been proven wrong by you. The executive prepares the budget and it's the NASS that determines who gets what and how much. It also sets crude oil benchmark.NASS has the final say on the size of the national budget.

2: VP, Osibanjo said that 2016 budget would be N8tn

https://www.nairaland.com/2717073/fg-plans-n8tn-budget-2016

3: Your numbers are missing key ingredient= source of income" you can't spend what you don't have. You alluded in your previous post that this budget proposition lacks details as the govt hasnt clearly stated the NEW revenue stream. Until then, facts aren't on your side, but sheer speculative opinion!

https://www.pwc.com/ng/en/assets/pdf/nigerias-2015-budget.pdf
http://www.yourbudgit.com/wp-content/uploads/2015/04/2015-Publication-BUGET.pdf

It's beyond the realm of your subconscious existentialism to infer who might be my hero.. You mere insinuation that I speak from a position of political gravitation instead of you to enunciate your "beloved facts" to withstand any intellectual, statistical, political and peer-questioned scrutiny, is indicative of how we have raised a generation with chronic encephalon docility.

lookandlaff:
Unlike many I am not a fan if fashola and Tinubu but if you want good roads we will have to pay one way or another. Unfortunately this is the environment we live in. I am sick and tired of false hope and promises meanwhile my life ticks along and I ask myself what kind of life is this? i will pay the extra for constant electricity, I will pay the extra for good roads, just get it done so the quality of my life improves. Because guess what we can moan about what govt should do, they don't ply these roads, they don't suffer power outages, they don't send their kids to substandard schools, they don't send their family to govt hospitals. If you are waiting for them to deliver without paying extra what they couldn't deliver when Oil was over $100, now that Oil is $40, history has shown nothing will happen and we will continue to live a life of rats!!!


Just get it done, I don't care how, the good thing about a good road is once it's built, it's built!!!

Onus is on govt to build new roads before imposing tolls. Do you pay house rent before a house is built? Why do we make silly excuses for govt? Same reason when people protested when GEJ wanted to charge full price on fuel before fixing refineries. We keep choosing easy routes in life and we haven't gotten anywhere!!

Fawklicant:
There's hardly anywhere in tne world I know where govt concessons roads it already built to a private entity. What they do is they ask you to build entirely new roads with shorter routes or new roads linking new communities and then you toll only after you have completed the construction. When our govt imports foreign ideas, they tend to twist it to serve themselves, because the average Nigerian hardly knows better.

Thank. Sane and organised govts build new roads and install tolls while Naija corrupt govts impose tolls on already dilapidated roads and reward their cronies with rigged toll collection

Bevista:
Quite frankly, sometimes silence can be an effective way to hide ignorance. You can't comprehend what I'm about to write, so let me not bother.

Dear Dr Milton Friedman Keynes,
Facts are sacrosanct, but opinions are free. Please lay out the facts without ur opinion for ignorant me to understand

adeyemi2015:
We shouldn't play politics with every national issue pls! Re-introduction of Tolls should be a welcome idea!
The most important thing is; ensuring the proper management of funds generated through the Tolls as well as timely maintenance of the Country's Highways!

You are the one playing politics. Can he fix all federal roads before introducing tolls? Are we being tolled for using bad roads? Just like he did with Lekki-Epe Rd, which was constructed by Otedola, but dualised by BRF to only Lekki area? What prevented him dualising the entire rd and installing tolls afterward? Why do we want to reap before work? Cancelling subsidy before fixing refineries; Discos charging customers before providing power.. Where is the change??

Bevista:
I'll help with some figures of the budget proposals of the FG from 2011, just to provide some perspective:

2011
Budget Proposed - N4.97Trillion
Oil Price Used - $75
Oil Production - 2.3mbbls/day

2012
Budget Proposed - N4.75Trillion
Oil Price Used - $70
Oil Production - 2.48mbbls/day

2013
Budget Proposed - N4.98Trillion
Oil Price Used - $79
Oil Production - 2.53mbbls/day

2014
Budget Proposed - N4.91Trillion
Oil Price Used - $75
Oil Production - 2.39mbbls/day

2015
Budget Proposed - N4.49Trillion
Oil Price Used - $53
Oil Production - 2.28mbbls/day

2016
Budget Proposed - N6.0Trillion
Oil Price Used - $38
Oil Production - 2.2mbbls/day

I am interested in seeing the revenue details from the budget to know exactly how government intends to fund the budget. My first instinct, though, is that leackages in revenue generating agencies (like NCS, NPA, NNPC, etc) have been blocked and all funds channeled into the TSA. That the government has been able to come up with that size of budget - even in the face of declining oil prices & lower oil production levels - without depreciating the official exchange rate of the Naira - is truly remarkable.

How GEJ (with benchmark oil price of over $75 throughout his term) was not able to come up with a budget of up to N5T beggars belief. One can now say without equivocation that, had PMB met an oil price of $75, we would be talking about a N10T budget. Kindly note that during GEJ term, oil price was actually higher ($105) than the budget benchmark and yet our Foreign Reserves and ECA was declining.

FEC doesn't approve budget.. GMB is still acting like we are in a military era. Appropriation is as exclusive preserve of the NASS, so GMB can't anticipate to spend money that's not captured as an income in the budget. From N8tn to N6tn= just 25% cut without any scrutiny??! Reality is now setting in!! We going see!!!

HungerBAD:
President Muhammadu Buhari on Monday said opposition political parties had no choice but to unite to stop the then ruling Peoples Democratic Party to save Nigeria from destruction.

Buhari said this at a public presentation of a book entitled, “From Opposition to Governing Party: Nigeria’s APC Merger Story,” written by the Minister of Science and Technology, Dr. Ogbonnaya Onu.

Buhari noted that the leaders of major opposition political parties realised that the PDP machine could not be effectively tackled unless they set aside their differences and came together to salvage the nation.

He said, “We realised in 2015 that unless we come together, the PDP will succeed in killing Nigeria, so we had to make sacrifices.”

The President also recalled the genesis of his relationship with the author.

He recalled that his relationship with Onu dated back to his days in protective custody during the Gen. Ibrahim Babangida dictatorship.

According to him, Onu was among the few Nigerians who stood by him during his trying days.

“My relationship with the author is cordial. When I was placed in a protective custody, he was sending people to greet me regularly. That was how the relationship developed,” Buhari said.

Earlier, Onu had explained that the three legacy opposition political parties had to give up their individual identities to form what has now become Africa’s largest political party.

He said, “What happened has never been witnessed in Nigeria or Africa when political parties merged to defeat a ruling party. Three political parties gave up their identities to form the largest political party in the history of this country.

“Before this historic event, several efforts were made to bring the opposition parties together. None of that worked. In the past, we had tried to work together. At first, it appeared possible until the whole process collapsed.

“But in 2013, the APC was born. This book is to document the events that led to the formation of the APC. It is about how we moved from being an opposition party to becoming the ruling party.”

Onu also said he wrote the book to help the APC learn from the mistakes of the PDP and avoid what led to its downfall.

While expressing his confidence in a united Nigeria, Onu urged the protesting youths in the South-East to sheathe their swords and give the Buhari administration a chance to deliver on its promises.

The minister said, “In the south-eastern part of the country, there is a growing protest. It is important that all regions are represented in an orderly manner that represents all interests. Buhari understands the plurality of Nigeria and will do everything to accommodate all.

“The Igbo need Nigeria just as Nigeria needs the Igbo. We must assure the youths of the South-East that the administration of President Buhari means well for them.”

In their separate remarks, former Vice President Atiku Abubakar and the Sokoto State Governor, Aminu Tambuwal, paid glowing tributes to the author, describing him as an exemplary politician worthy of emulation.

Atiku said, “I think every Nigerian pays attention to public affairs. His (Onu’s) appointment is well deserved. Those of us who have worked with him have come to see in him competence, humility and sharp intellect. He is a gentleman in every good sense of the word.

“It is amazing that he found time despite what was going on to write this book. The book chronicles the process that led to the formation of the APC. As we have been told, it is a story of patriotism and sacrifice. It is also a story of change.”

Tambuwal said, “I was privileged to be the Speaker of the House of Representatives when all that is captured in this book happened.

“Then, I was maintaining a very delicate balance. My emergence as the Speaker in 2011 was as a result of the efforts of all parties.

“Back then, the formation of the APC was already in the wing. Onu is a man of many parts. The presence of two former governors from Ebonyi State who are PDP members and a serving governor is a testimony of who you are.”

The event attracted politicians from across party lines, captains of industries, friends and well-wishers.

Seun,Lalasticlala,Mynd44

http://www.punchng.com/?p=13930

Blame game continues!!

So Peter Obi didn't perform as fashola or Fayemi?? Really?? Fashola, Fayemi, Kwankwaso are presidential but Obi, Chime, Rochas, Ken Nnamani aren't? Who designed your skewed barometer?

True color of "change agent"and "anti-corruption crusader".. All na wash. Another APC rogue!'

When ur bank account looks like a GSM number.
Btw, most guys don't want to fall in love... Maybe love of pucci...

omenka:
If I'm a hypocrite, then you are a very big fool. Is the bill sponsored by Buhari or did it originate from the executive Is Buhari a legislator Don't we have PDP members in the National assembly and don't they have the numbers to ensure the bill doesn't succeed Why don't you berate them for their support for the bill instead of directing your frustration at Buhari who shares no part in this

What a useless scum.

What a display of arrogant and willful idiocy. NASS is controlled by APC and GMB is needed to assent to the bill for it to become the law. Bill sponsor is an APC member and GMB's stooge.