₦airaland Forum

Buhari has killed our economy. Do you get?

And what is Kenneth Okonkwo's picture doing there?

olokeded:
President Muhammadu Buhari has revealed why he had to delay in signing the 2016 Appropriation Bill into law.



Speaking during a radio interview over the weekend in Katsina his home State, Buhari assured Nigerians that his administration will effectively utilise available resources to turn around the fortunes of the country.

Buhari said, “We will do our best to fix the country. When the Minister of Budget and National Planning, Udoma Udo Udoma, asked me to sign the budget weeks ago and there were issues, I told him I won’t. But when he insisted, I told him if I assented to it and anything happened, he would be held responsible.

“He accepted and left. But when he had a second thought, he ran back to me and agreed with me that we shouldn’t sign it. It was at that point I heard of padding. The committees of the National Assembly removed our projects and replaced it with theirs.

“That’s was why we had three weeks to look at it. When he returned to me again, Udoma told me that most of the projects the National Assembly included had been removed but that we can go with the remaining ones since I must approve money before funds would be released for the execution of projects.”

http://www.metronaija.com/2016/05/why-i-delayed-signing-of-2016-budget.html

Lazy president

obailala:
Provide evidence?... how come it's only you who heard this special campaign speech?

Buhari’ll reduce petrol to N40/L —David-West On April 14, 20156:19 amIn Energy0 Comments By Ediri Ejoh FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.” •Buhari In a telephone interview with Vanguard, the former minister argued that Nigeria produces millions of barrels of crude oil daily, and if properly harnessed will boost the performance of the industry. His words: “I want to assure you that by the time he takes over, petrol will be dispensed at N40 per litre. This is possible and he has the credibility to make it work. The major assignment of the president-elect when he is eventually inaugurated is to restore confidence to the industry. He noted that the president-elect is familiar with the petroleum industry, adding that he is a straight forward person that has respect for democratic principles. “As military head of state, he dealt with the Federal Executive Council with the tenets of democracy. Buhari will build new refineries to make petroleum products available for the masses. No responsible government will allow the masses to suffer. “He will strengthen the refineries within a year. It is possible as we won’t spend any amount in setting up a green field refinery. We already have a blueprint as we shall use what we have to get what we want,” he added. He further stated that on many occasions, the president – elect had disclosed that the subsidy initiative is a fraud which has distorted the progress expected in the sector. He is also said to have frowned at the spate of corruption, which has characterised the subsidy regime to include the trillions of Naira spent on both Petrol and Kerosene subsidy within the past few years, thus inhibiting efforts to properly carry-out the Turn Around Maintenance TAM, for the refineries. He added that on countless occasions, he had argued that the country is forced to pay for scam carried out by oil cartel. Also contributing, a UK-based economic analyst, Mr. Seyi Odetola, noted that the president-elect has expressed doubts on the credibility of the subsidy claim. He added that there may be the need to investigate the several claims made by marketers, which will further reinforce his earlier submission on the subsidy claim. According to him; “The fact that most filling stations in the country are now dispensing petroleum products after the presidential election, despite the threat by major oil marketers to stop selling the product, in view of the subsidy arrears owed to them by the Federal Government, indicated that most of the marketers have been benefiting from the fraud. Removal ofsubsidy He argued that “Where did they get funds to import the product, given the nature of the forex? If after the presidential election fuel is still available as if nothing had happened, it is then apparent that there is no fuel subsidy. “It would be difficult for him, to unitarily remove subsidy without the proper consideration of the plight of the major players in the sector. He will need to re-appraise the cause of inefficiency of the sector.” He further hinted that the president-elect, with his pedigree and respect for the rule of law, will completely phase out importation by the time the local refineries are working. This, according to him, will totally remove subsidy, adding that subsidy as it is presently constitutes the promotion of corruption and impunity. “I am optimistic that the president-elect will look into the subsidy regime as soon as he finally settles down for the business of governance. He stressed that renewed attention will be given to the revamping of the four refineries as well as focus on the construction of new ones.” He concluded that “In the long term, through the confidence that will be restored in the downstream and upstream sectors, investors will be encouraged to do business which will stimulate the growth from the level it is. On his part, the Director, Strategic Planning, Research Intelligent, Mr. Olubunmi Martins, argued that the subsidy regime is riddled with corruption, a sign post of the present administration. He said the challenge before the industry is the gradual restoration of the local refineries, which will take care of the local consumption for petroleum products. He insisted that if activities at the various refineries are up scaled up, subsidy will no longer be a major concern in the country. He however urged the president-elect to scrutinise the various marketers, as most of the companies were floated solely for the sake of benefiting from the subsidy regime, thereby snowballing into cartels that have held the sector back. Olubunmi maintained that subsidy has distorted all the major economic activities that should have taken place in the country. “I am still at a loss with the concept of the whole subsidy, what is being subsidised and who are the beneficiaries? But it will be unwise for the president-elect to remove the subsidy immediately he takes over the mantle of leadership, as such an action could force him into a trap set by the oil cabals. “Notwithstanding, Gen. Buhari will have to do a complete evaluation of the sector to properly understand areas of non-performance and take appropriate action,” he added.   YOU MAY LIKE

Read more at: http://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Nonsense!

Buhari said it during his campaign.

Go check APC Campaign promises.


Bye.

obailala:
Buhari did not say that, simple!.. get your facts right next time. By the way, I dont remember using any insults.

The house wife can't save any money again. If she's not careful she will even add her past savings to buy foodstuff/provisions as the price of everything has sky rocketed.


The minors and lazy adults who depend on their parents don't get everything they ask for on a platter of gold as before.


The yahoo boys also que in petrol stations to buy fuel to charge their working tools eg laptops and phones na.


The rich politicians especially the opposition are being forced to refund money and money is not flowing in the system like before because of Bubu's bad economic policies.


There's nobody who's not feeling this bad economy except Buhari and his household. Even the Ministers are broke!

From International to Local Tourism.



Sai Baba nomad.

So who said it?


Enough of the insults ok.

I went to A-Hall. Am not used to gutter language. Thanks in advance.

obailala:
In your dreams right?.... Probably if I say Buhari will build 10 refineries, you will come back in 1 year and say, "Buhari said he would build 10 refineries"?

Thank you!

joenaija:
Very correct...10000 likes

Are you saying thaat Buhari never promised to make fuel price N50 per litre?

obailala:
You must have heard buhari say that in your spirit world isn't it?

"Fuel will sell for N50 per litre" - Buhari 3rd January, 2015.


Liar!

I wish to disagree with Uncle Ben for the first time.

Remember that it was Bubu who lambasted Nigerians as corrupt thieves in Uk. Bubu deserves all the insults he can get from the International Media.

He was busy calling us names, not knowing that they have been close-marking him too.

I don't care about the article, am telling you what is going on now. I can't be in Owerri. I got a job and family here, do you get?

By the way, where are the Owerri people getting their money for the property boom?

My friends who came back from UK were almost kidnapped in Owerri in January this year. Their SUV car was damaged by bullet.

Abagworo:
The article indicted Jonathan not Buhari. Where do you sell properties? Actually Owerri is booming right now and relocating to that city could help your business.

Are you serious? Am so tired of this propaganda government.

Everything about them is a sham.

rolchi:
No, Dr. Ibe Kachukwu has not done well. The NNPC is simply not spending! They are holding back tons of money from legal JV deals. They are refusing to pay contractors with genuine business transactions with them. In fact, they are owing so many innocent Nigerians who have done one job or the other are currently being frustrated due to their non-payment of contractual fees. He should pay up and stop playing to the gallery!

But Tinubu is a thief too.

kkh2:
****Tinubu made him commit all those ugly issues dat was exposed aiit? Wen u r a knwn thief u got to lie low or u ll make enemies easily. Thieving is criminal weda witchunt or not u r a thief!

Lol.

guiddoti:
You can think fast. if yu don pray for dem, give me the prayer point.

By their unmade bed you shall know them.


Mxm.

RYANAYO:
ben uzoigwe
A Nigerian man, Ben Uzoigwe, has taken to his Facebook page to share the naked picture of himself and wife in bed. Share on Facebook Share on Twitter PAY ATTENTION: Get the latest gossips on Naij Gossip App According to Ben, he shared the picture because when he posts, he does not see people comment on his page. So he has decided to take the bull by the horn. Read reactions and comments on the post below: Share on Facebook Share on Twitter Even after friends asked him to take the pic down, Ben refused. Nawa oo!

you can see the picture at http://kenyanlist.eu/kenyanlist/viewtopic.php?f=9&t=4

Oh yeah! Time to employ the cattle herdsmen.

Eko for show.

Na una first get oil for Naija?

He said the last time he beat his wife was three years ago after they had a disagreement, adding that he never touched her since then.


Can you imagine!

He killed her and now he's lying against her because she's dead.

If she was adulterous, why didn't you divorce her instead of killing her?

Now you are bragging that you are a Lagos boy.


Mxm.

Mosquito legs.

Are they about to get back together?

Am about to post the pictures of Tinubu's 89 mansions scattered all over UK, USA and Canada.


Wait...

Thank you my brothers and sisters. God reward you for being sensitive about the plights of your brothers in Mother land.

Dr. Ibe Kachikwu and his team have done well but will Buhari use the remitted money wisely or he will use part of it for his bogus overseas travel expenses and the other part for Zhara and her siblings expensive school fees and other domestic expenditures?

Na look I dey look.

Is Buhari trying to take over banks from the rightful owners and hand them over to Fulani Herdsmen?

The way he's poke-nosing into bank affairs nowadays!


Hmnnnnnnnnnnnnnnnn!

You must pamper them the same way you pamper Fulani Herdsmen else they will even strike more.

Take note Bubu!

These people act as if Saraki is not one of them all because Tinubu hates him.

This Senate Presidency position of Saraki dey vex Tinubu eh.

Na wah. Hatred is real.