₦airaland Forum

This woman has been chopping Nigeria money since Obasanjo's administration.

SESSOL:
I noticed attempts to ban my IP by the owner of the forum. You are wasting ur time.

lol

okay then, governance by playing draft. Ajumobi, start working now. You have been collecting allocation from federation account from May this year. What have you done with it?

Too bad. I know Yoruba people will never engage in anything like this. Just shout too much sef, everybody will have taken to his or her heel ( mi o le wa ku oooo). They don't want to die when it is unnecessary.
RIP to the dead.

Ageless indeed

If your post is below ASP, it means you confirmed government ordinary tout.

Add wealthy politicians and you will see the magic.

How will police prove this case in the court?

sunboy:
Please stop trying to make that a big deal.
I once slept a 5,000 naira per night hotel in Lagos that use card for their doors.
Most hostels have the hot and cold water showers now.
About the bus thing, in BRT buses we pull a rope or press button to alert the driver.

At Ecenter Yaba there is auto tap, and many public places do have it.
Normally, zebra crossing should be for crossing roads so it's left to you to reason that they will be more developed and organized. Tho we don't have a magic button here.

I just believe the difference shouldn't be much. I believe so and and Africa is not that totally backward na!

So to you and other like-minds, anybody that want to travel out of Nigeria must come from Lagos, Abuja, Port Harcourt and the like cities. What of those that will travel out of this country from Nnewi, Ile- Ife, Ado Ekiti, Oyo town, Nsukka, Ilesha, Bafo in Ogun state, Keifi, and other small cities and towns.

This is too much now

Nigerian newspapers and lies are twins

2n2k:
Even if we are to take your unverifiable figure of $117bn allegedly used to defend the naira, it was because oil price was high and govt revenue was soaring. Where do you expect Buhari govt to source forex to defend naira when oil price is extremely low? That is why the CBN is using monetary policies to defend naira for now. By the way, foreign reserves of Nigeria never reach $117b level in its history.

http://www.cenbank.org/Intops/Reserve.asp?MoveDate=12/21/2015%206:00:23%20AM
@ your last statement sir, that was why I said that "from one time to another"
Since 11/11/2015 update, our external reverse has been decreasing everyday. Do you know what they are using it for? To stabilize naira against dollar "among other things."

AkinPikin:
Let me try to educate you small my brother.

1. For every $10 a Nigerian spends, $9 comes from crude oil sales by the Federal Government or the national reserves.

2. OBJ left over $70 Billion for Yar'Adua when he left office in 2007. Average oil prices under OBJ was about $65/barrel.

3. Yar'Adua left $65 for GEJ when he died in 2010. Average oil prices under Yar'Adua was about $45/barrel. Remember oil fell to as low as $38/barrel in 2009? Most of the $5 to 7Billion that Yar'Adua spent was to defend the Naira during the global crisis of 2009, save the banks that fell into trouble in 2009, and fund the amnesty programme for the Niger Delta militants. Notice again the difference between what OBJ and Ya'Adua made from oil.

4. GEJ on the other hand, left $29Billion for PMB. Average oil prices under GEJ was $92/barrel. There were months when oil sold for as high as $130/barrel. For 3.5 years (2011 to June 2014), GEJ sold oil for over $100/barrel. For your information, GEJ presided over the richest years in Nigeria's history, yet he ate what we were to have saved and even ate what was handed over to him.

I have told every one who had ears that whoever takes-over in June 2015 was going to see hell - whether it was GEJ or PMB.

I am at least glad that we have removed the bastard that brought our dear country to this sorry state.

PMB can only work with what he has been handed with. That is why he is chasing corrupt people, looking for money to fund the budget and meet his electoral promises. Government is a continuum. The problem we have now was handed over to us by GEJ and his band of rogues. You think we would be where we are today if his government had saved $100Billion in reserves?

I am no ethnic or religious jingoist. I voted for GEJ in 2011. I deeply regret doing so now. I have friends that have lost jobs because of the man's stupidity since late last year.

As they say, opinions are free, but facts are sacred.

More so, read wide sir. Sanusi (one time CBN governor and currently emir of Kano) spent from one time to another, a total of 117 billion dollars to defend naira during his tenure. The money was from external reserve .

AkinPikin:
Let me try to educate you small my brother.

1. For every $10 a Nigerian spends, $9 comes from crude oil sales by the Federal Government or the national reserves.

2. OBJ left over $70 Billion for Yar'Adua when he left office in 2007. Average oil prices under OBJ was about $65/barrel.

3. Yar'Adua left $65 for GEJ when he died in 2010. Average oil prices under Yar'Adua was about $45/barrel. Remember oil fell to as low as $38/barrel in 2009? Most of the $5 to 7Billion that Yar'Adua spent was to defend the Naira during the global crisis of 2009, save the banks that fell into trouble in 2009, and fund the amnesty programme for the Niger Delta militants. Notice again the difference between what OBJ and Ya'Adua made from oil.

4. GEJ on the other hand, left $29Billion for PMB. Average oil prices under GEJ was $92/barrel. There were months when oil sold for as high as $130/barrel. For 3.5 years (2011 to June 2014), GEJ sold oil for over $100/barrel. For your information, GEJ presided over the richest years in Nigeria's history, yet he ate what we were to have saved and even ate what was handed over to him.

I have told every one who had ears that whoever takes-over in June 2015 was going to see hell - whether it was GEJ or PMB.

I am at least glad that we have removed the bastard that brought our dear country to this sorry state.

PMB can only work with what he has been handed with. That is why he is chasing corrupt people, looking for money to fund the budget and meet his electoral promises. Government is a continuum. The problem we have now was handed over to us by GEJ and his band of rogues. You think we would be where we are today if his government had saved $100Billion in reserves?

I am no ethnic or religious jingoist. I voted for GEJ in 2011. I deeply regret doing so now. I have friends that have lost jobs because of the man's stupidity since late last year.

As they say, opinions are free, but facts are sacred.

http://www.thisdaylive.com/articles/sanusi-nigeria-never-had-67bn-foreign-reserves/141349/
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has stressed the need for a thorough governance review of transparency and accountability in the oil sector.

Sanusi said this while presenting a speech at a forum organised by members of the Metropolitan Club in Lagos Tuesday.

Responding to questions on Nigeria’s external reserves, the CBN helmsman who apparently was making reference to a recent feud between the Federal Government and a former vice-president of the World Bank, Mrs. Oby Ezekwesili, said the country never had $67 billion reserves in its history.

He however said: “It is a debate I will like to avoid getting into deliberately because it is a debate where you have the truth on both sides.

“The highest level reserves had been was $62 billion under the late President Umaru Yar-Adua. There is also a certain truth to a basic proposition that if we save money when oil price is high, it is expected that when oil price crashes, we would de-save.

“Look at Germany, United States, United Kingdom, after the crisis, they all had huge deficits. So our deficit resulted from a reduction in reserves.

“Now having said that, no one can deny that between 2010 and 2011 when oil price was going up, we should have saved more than we actually did and we spent more than we ought to. As CBN governor I spent the whole of those two years talking about fiscal leakages.”

He noted that it was right for questions to be asked, especially in a period when payment for fuel subsidy which is paid from the Excess Crude Account (ECA), rose sharply from N300 billion to N2.1 trillion.

Despite the relative price stability recorded by the economy, Sanusi also stressed the need for diversification of the economy, saying that “all it takes is for oil price to go to $40 per barrel for us to go back to where we were. We need to get the economy to a point where if oil price crashes to $10 per barrel, even if we feel the hurt, we would not cause a distortion.”

Sanusi however acknowledged that the Coordinating Minister for the Economy/Minister of Finance, Dr. Ngozi Okonjo-Iweala, has done a lot to address the fiscal leakages in the economy.

“I must say that there have been tremendous amount of progress made on the fiscal side. We have seen a lot of work being done to shut down some of these leakages and it is that work that is being done by the finance ministry since Ngozi took over that has actually helped in bringing up the reserves and stabilising the exchange rate,” he added.

Speaking on the financial system, he pointed out that the sector contributes only four per cent of GDP.
He however argued that: “Fixing the financial system doesn’t fix much. How many people are employed in the financial system compared to the number of people employed and the impact you get from the agricultural sector, manufacturing?

“Financial services sector cannot be the engine for growth. I have had this debate over and over again about bank workers being sacked. The banking industry is not set up to create jobs within itself; it is set up to provide capital to people who create jobs. By the time your biggest employers become the banks and the government, you have a problem. The government and the banks are supposed to build the rest of the economy.”

In the voice of Ameachi, I don't know(or I don't believe even though railway is close to government house)that the trains are still working ooooo.
Why blame them, they were told by APC that the trains are scams and were non-functional.
Nonsense.
In afternoon, what were trio of two men and a lady inside Toyota Carmy car doing on railway to an extent that they were carried away with their doings? They wound up the glass and they could not even hear when people were shouting at them to leave the way for on coming train.
On a more serious, may Almighty God grant the deads good eternity.

Which kind budget be this?

lol

I'm expecting El- rufai tweet(s) on this now.

CharlesPhc:
CJ can not Act as Governor

You are the only one seeing any "lacuna" or lacacera here. According to Nigerian constitutional provision, the state Chief Judge will be the Governor in acting capacity pending the time a new executive governor will emerge through electoral process. Although, he/ she (the State CJ) cannot stay there for more than 90 days.

Propaganda will not allow Amaechi to know

na so life be

masseratti:
if you say so.

The guy told you the absolute truth. Only election cases involving members of legislative arm in Nigeria end at Appellate Court. Gubernatorial and Presidential election cases end at Supreme Court of Justice.

Ok

Aregbesola will soon meet his waterloo. His life and that of his immediate family will be mismanaged the way his has mismanaged State of Osun.

Too bad

Very Educative.

APC, the dead you have buried, his legs is already outside oooo.

Keneking:
Great

Chief Bisi Akande...One man i respect from the South West region
Chief Bola Ahmed Tinubu ....Real Jagaban (in remembrance of PDP 1999-2015)
Ogbeni Rauf Aregbesola ...The man that sat on the rooftop during the Buhari/Osinbajo campaigns in Lagos

Movers and Shakers of APC in South West geo-political zone of Nigeria. We shall never forget your efforts at imposing CHANGE in Nigeria.

God Bless!

Your semi god "rooftop seater"- Aregbe is now a governor of a state with just #55 millionth monthly allocation from federation account now.

APC!

Good

Keneking:
Anyway, waiting...we shall meet at Supreme Court

Only in your dream. The case such as this ends at Court of Appeal.

heykims:
PDP sent the nation into retrogression after 16 yes rule nd u conclude APC failed based on just 6 months of governance
Sincerely, your this kinda post is best ignored, u are to this forum what PDP was to this nation.

It was PDP that made Osun State Government to collect just #55 million as it monthly allocation from federation account in the past month.