₦airaland Forum

agwom:
Bad news for investors...

citizenisb:
Former President Olusegun Obasanjo says President Muhammadu Buhari may not do well in economy and foreign affairs, except in military matters.

“Buhari is not a very hot person on the economy and foreign affairs,” Obasanjo said.

The former President stated this on Monday at the third International Conference on African Development Issues — themed, “Driving inclusive and sustainable development in Africa: Models, methods and policies” — organised by Covenant University, Ota, Ogun State.

While reacting to a question posed to him by a member of the audience: “Is there any hope for Nigeria under the administration of President Muhammadu Buhari?”, Obasanjo replied, “Is there any hope for Nigeria under this administration? I came back from Geneva, Switzerland a few days ago to attend a conference titled, ‘Are elections giving democracy a bad name?’ We had an election, we elected a leader and the good thing about democracy is that the power you have to elect a leader is also the power you have to remove him. I am saying this because I said earlier that if you don’t see any leader that has done well in the 56 years of Nigeria’s independence, then let us forget about Nigeria.

“I will tell you what I know and I will tell you what I don’t know. I know Gen. Muhammadu Buhari. He served under me in the military. His characteristics that I know, his behaviour that I know, he has not deviated from them. He was never a perfect man, he is not a perfect man and no leader can ever be a perfect man because they are human beings. But if you read my book, what I said about him is correct. He is not a hot person when it comes to economy. He is not a very hot person when it comes to foreign affairs. But he will do well in matters of military and he will do well in fighting Boko Haram.”

http://www.punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/

KpStone:
James bond

Tunizzy:
Abeg which is really better... this FGN Bond or Treasury bills

Why is no one asking why we are in recession despite budgets as follows:

2015 - N4.5 trillion
2015 - N2.1 trillion supplementary requested / N575 billion approved
2016 - N6.06 trillion
2017 - N7.3 trillion


Sources: http://www.reuters.com/article/nigeria-budget-idUSL5N0YB49M20150520
http://dailypost.ng/2015/11/18/buhari-seeks-n2-1trn-supplementary-budget-for-2015/
http://www.vanguardngr.com/2015/12/senate-approves-n575bn-supplementary-budget-for-buhari/
http://www.vanguardngr.com/2016/05/buhari-signs-n6-06trn-2016-budget-change/

Williamstd9:
Transparency,the problem of Nigeria.

Nicur:
Bad news for Nigeria as the US News. Best Countries Ranking marks Nigeria as the most corrupt country for 2016.

“The 2016 Best Countries report and rankings are based on how global perceptions define countries in terms of a number of qualitative characteristics, impressions that have the potential to drive trade, travel and investment and directly affect national economies,” the US News website reveals.

Sixty countries were measured in the inaugural report and and Nigeria was number 1 in the corruption ranking index. The West African country, widely regarded as the ‘Giant of Africa’, scored a perfect 10 in corruption. Nigeria’s overall rank was 57 on the index.

The U.S. News Best Countries Ranking which measures global performance on a variety of metrics is conducted in partnership with partnership with BAV, a global consulting firm and The Wharton School of the University of Pennsylvania. 

Germany, Canada, and the United Kingdom topped the overall list of best countries in the world, in that order. The United States and Sweden were ranked 4th and 5th in the respected global index.

See the full ranking HERE which was released in January 2016.



Below are the 10 countries perceived to be the most corrupt, according to data from the 2016 Best Countries rankings.

Country Name Corrupt Rank Best Countries Overall Rank
Nigeria 1 57
Colombia 2 49
Iran 3 58
Pakistan 4 56
Mexico 5 27
Russia 6 24
Algeria 7 60
Egypt 8 39
Kazakhstan 9 55
Bolivia 10 54

source -http://www.thetrentonline.com/badnews-nigeria-ranked-1-corrupt-country-2016-best-ranking-index-look/

RealLandForSale:
Corruption everywhere! It is well with Nigeria!

sarrki:
Most of Nigeria big men are mere common criminals

smulti:
This one is quietly enjoying his loot.

chomchom1:
That is what u see when politicians turn to mass housing developers..At d end of d day , thy wan civil servants with peanut monI thy received as salary to buy those houses. Using civil servants as modern slavery.

eluquenson:
REVISITING SOME OF THE LATEEF JAKANDE'S GOVERNMENT ACHIEVEMENTS FROM OCTOBER 1979 TO DECEMBER 1983 (FOUR YEARS AND 3 MONTHS) IN LAGOS STATE

* His government built the current Lagos State Secretariat which houses all the state ministries as well as the popular round house hitherto occupied by all subsequent governors of the state.

* His government built the Lagos State House of Assembly complex.

* His government built the Lagos State Television

* His government built the Lagos Radio

* His government built Lagos State University

* His government established General Hospital in zones all over the state with assurance of free health care.

* His government established Teacher Training College and the College of Education.

* His government built low cost houses in Ijaiye, Dolphin, Oke-Afa, Ije, Abesan, Iponri, Ipaja, Abule Nla, Epe, Amuwo-Odofin, Anikantamo, Surulere, Iba, Ikorodu, Badagry, Isheri/Olowu, Orisigun etc.

* His government established the Water Management Board and Waste Disposal Board on the 18th of August, 1980.

* His government constructed the Adiyan Water Works to increase water supply in the state to 18.16 million litres per day.

* His government modernized and expanded the Iju Water Works which was first commissioned in 1915. This increased daily capacity from 159 million to 204 million litres per day.

* His government purchased and commissioned the giant car crusher equipment. The equipment was designed specifically to crush derelict vehicles in Lagos State. It had the capacity to crush 45 vehicles per day.

* His government constructed, rehabilitated and resurfaced Epe/Ijebu-Ode Road, Oba Akran Avenue, Toyin Street, Town Planning Way, Alimosho-Idimu-Egbe Road, Idimu-Iba-LASU Road, the new secretariat road and several others.

* His government constructed Victoria Island/Epe Road and thereby creating an ‘oil rig’ for Lagos State.

* His government established Asphalt Plant for the Department of Public Works.

* His government established Electricity Board for Rural Electrification with provision of street lights.

* His government modernized, expanded and commissioned Onikan Stadium in 1982.

* His government established a singular school system and ensured genuine free education in Lagos State and the beneficiaries of this policy are in different positions of eminence in the country and around the world.

* His government raised the primary schools in Lagos State to 812 with 533,001 pupils (against 605 primary schools with 434,545 pupils he met in 1979) and secondary schools to 223 with 167,629 students (against 105 schools with 107,835 students in 1979).

* His government constructed 11, 729 classrooms with the maximum of 40 children per class between March and August 1980, by 1983, he had constructed over 22,000 classrooms.

* In July 1983, two commercial passenger boats christened "Baba Kekere and Itafaji" to run the Mile 2 - Marina (CMS) route via the lagoons were inaugurated by his government to mark the official launch of the Lagos State ferry services.

* His government took over the ownership and financing of Lagos State Printing Corporation in July 1980

* His government established the first State Traffic Management Authority (Road Marshals).

* His government established small scale Industries Credit Scheme which preceded the EKO bank.

*His government established LASACO Insurance.

*His government expanded existing market and built new ones.

*His government established Traditional Medicine Board.

WHO SAYS 4 YEARS IN OFFICE IS NOT ENOUGH FOR MEANINGFUL ACHIEVEMENTS?

IT'S A FACT THAT 90% OF GOVERNORS IN NIGERIA SINCE 1999 WITH REVENUES AT THEIR DISPOSAL CANNOT BOAST OF A QUARTER OF THESE ACHIEVEMENTS EVEN WITHIN THEIR EIGHT YEARS IN OFFICE.

Desyner:
Govt of saving. I was expecting buhari to start some major projects like dams, refinery, rail etc and not endless savings. He is still better than his predecessor though.

nawtyme:
Previous Govts Initiated ‘Most Of The Things This Administration Is Doing’ – Adesina


A majority of the projects the Muhammadu Buhari administration is working on was inherited from previous administrations, the Special Adviser to the President on Media and Publicity has said.

Mr Femi Adesina said this when he appeared on Channels Television’s special Independence anniversary programme on Sunday.

“Most of the things this administration is doing – 60 to 70 percent of them – were initiated by previous governments,” he said.

“That shows you that in the past a government will come and say ‘this is not our project’ And it will discard what was being done and start fresh ones.”

As a result, Mr Adesina said there are many half and quarter-completed abandoned projects.
But rather than abandon the project, he explained that the current administration will complete it.

An example is the Abuja-Kaduna rail project which the Presidential aide said was up to maybe 60 to 70 percent complete when the last administration left.

“This administration came, completed it and inaugurated it. Then you will still find some people shouting, ‘they are claiming credit for what the past administration started,” he said.

“It shows there is a mentality in Nigeria that makes governments not want to complete what previous governments have started. But this administration is not going that way at all, it is just doing what needs to be done for the good of the country.”

Another example is the Mambilla power project, which has been in the works since 1972, but has now started taking shape under this administration.


https://www.channelstv.com/2017/10/01/previous-govts-initiated-most-of-the-things-this-administration-is-doing-adesina/

Why is no one asking why we are in recession despite budgets as follows:

2015 - N4.5 trillion
2015 - N2.1 trillion supplementary requested / N575 billion approved
2016 - N6.06 trillion
2017 - N7.3 trillion


Sources: http://www.reuters.com/article/nigeria-budget-idUSL5N0YB49M20150520
http://dailypost.ng/2015/11/18/buhari-seeks-n2-1trn-supplementary-budget-for-2015/
http://www.vanguardngr.com/2015/12/senate-approves-n575bn-supplementary-budget-for-buhari/
http://www.vanguardngr.com/2016/05/buhari-signs-n6-06trn-2016-budget-change/

nototribalist:
taaaaaar which kogi?

efepro:
so, there are no poor people in the south?

repogirl:
We know Buhari never misses a chance to travel, therefore there is more to this story.

doctokwus:
Government of liars,for liars and by liars!
Buhari has given the world a new form of government, Liatocracy.

paulchineduN:
They will blame it on Jonathan's stealing of all the airplanes at the presidential fleet

GMB‬ Speech While Addressing Nigeria Community In The United Kingdom.


I Will Maintain a modest lifestyle as President -Muhammadu Buhari.

“One of the major killers of our economy apart from corruption is waste. Our scarce resources are being plundered away very carelessly and unnecessarily wasted. Let me give an instance, presently, there are more than 6 aircraft in the presidential fleet. What do you call that? Billions of naira is budgeted every year for the maintenance of these aircraft not to talk of operational cost and other expenses.

You may want to ask what a Nigerian President is doing with so many aircraft when a Prime Minister of Britain fly around using the same public aircraft like an ordinary Briton.

Go and check and compare with that of any developed country in the world, the office of the Nigerian President is a very expensive one inspite our high level of poverty, lack and joblessness. Despite all these, you still find a Nigerian Minister spending about N10billion to charter an aircraft for just one year. Now, for me, when we come into office, all these waste will be blocked and properly channelled into our economy. We intend for instance, to bring back our National carrier, the Nigerian airways. [size=14pt]We shall do this by bringing all the aircraft in the presidential fleet into the Nigerian airways[/size] and within a year increase the fleet into about 20.

More from: http://www.osundefender.org/?p=217159

policy12:
...I pity the masses who believe this politicians.

The earlier we realised they don't have our interest at heart the better.

Seun:
No religion really makes sense. The only difference is how their followers react when this fact is pointed out. Muslims usually turn to violence.

I'm not talking about death threats and violent protests demanding the execution of people whose words or cartoons offended Muslims.

Onyinye15:
The National Assembly cannot query how the states decide to spend their money. The only institution that can query this is the state assembly

balaclava:
Ogbeni,
Park well...

I'm surprised u seem pained
Do u understand the definition of 'brave' & 'coward'
Revisit ur dictionary, ur understanding of this seems twisted. Someone who steals more than he can exhaust in a life time is dt act bravery or cowardice:
Someone who deceives d polity & can not come real as it is, is that bravery or cowardice.

However i never wish to become a 'player'
Neither do I live my fate in the hands of 'players'
I won't save money to join a political party which ordinarily should be free. I'll rather save and invest no matter how little I have.

We ain't birds of same feather...
We fly in same airspace but we sure can't fly same air.

NtoAkwaIbom:
Now i understand the whole thing... So that money is my states money ?

anonimi:
Tinubu Tackles FG, CBN On Excess Crude Oil Sales Account
Feb 22, 2001




https://www.osundefender.org/wp-content/uploads/2013/09/TINUBU.jpg




The Lagos State Governor, Senator Bola Ahmed Tinubu, yesterday joined issues with the Federal Ministry of Finance and the Central Bank of Nigeria (CB N) over the recent face-off between the different tiers of government on the excess crude oil sales reserve account of US$ 1. 8 billion which is about N198 billion.

Expressing concern at the impression being created that the economy is rudderless, Tinubu argued that the central issue transcends the release or non-release of the fund into the Federation Account.

In his words: “The fundamental issues and principles at stake go much deeper. They are more broadly about the rule of law and the supremacy of the constitution on one hand, and the need for cooperation and coordination in a true federal structure, as a basis for sustaining and strengthening our fledgling democracy on the other hand”.

Governor Tinubu disagreed with the CBN's position that release of the excess crude reserves to the states and local governments, though legitimate, would lead to inflation; cause a rundown of the nation's foreign reserves; weaken the exchange rate further and run counter to agreements reached with the IMF.

The Governor contended that "in a period of excess capacity and low purchasing power, there should not be undue inflationary pressures from an injection of funds into the economy. Instead, such a development should be beneficial to economic activity and growth, despite the fact that there are supply rigidities and inefficiencies which would limit the potential benefits”.

On the purported likely impact on foreign reserves, Tinubu argued that "in an import-dependent economy such as ours, it is inevitable that an upturn in the level of economic activity would engender a fall in foreign reserves. This is not necessarily a bad thing. Rather, it would be immoral to appear to be building up high foreign reserves in the midst of grinding poverty”.

He stressed further that if the N198 billion released is matched by an equivalent US$1.8 billion, there should not be a fall in the value of the Naira as the supply of dollars would be in place to match any increased demand”.

Tinubu also said it would be unfair for the federal government to agree unilaterally to commit revenues due to other tiers of government, to an agreement with the IMF or anyone else.

Attributing inflationary pressures in the economy largely to the federal government's overspending and printing of money to finance such expenditure, Tinubu said "It is hardly fair for the FGN to overspend and then seek to correct the inflationary effect on the economy by starving other tiers of government of their rightful funds”.

Stressing that there is no basis for CBN or any authority to flout the constitution and deny states and local governments their own share of the Federation Account, Tinubu noted that "the excess crude reserve account is itself an illegality, carried over from the military era, as there is no provision in the law or the constitution for federally - collected revenues to be diverted to such an account”.

Advocating constructive dialogue on the management of the economy Governor Tinubu said "it is time for us to sit down and dialogue about how to move from where we are now, to where we need to get to, while respecting true federalism in fiscal and other matters”.

From: http://asiwajubolatinubu.com/archives/news/2001/02/22/20010222N01.html

GavelSlam:
Gbaja on point.

FG, States, LGs Share N568.4 Billion for Oct
15 NOVEMBER 2013

Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that the states had requested for $2bn to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

maximunimpact:
Buhari doesn't need rigging to win in 2019. Even without campaigning his victory is already assured by Nigerians.

I may not support Buhari’s re-election in 2019, Nigeria’s First Lady Aisha warns

Aisha, the wife of Nigeria’s President Muhammadu Buhari has said she may not back her husband’s re-election in 2019 unless he shakes up his cabinet.

In an interview with the BBC, Mrs. Buhari said the president “does not know” most of the top officials he appointed to office.

Mr. Buhari has not indicated whether or not he will seek re-election, and according to his wife, he has not told his family too.

“He is yet to tell me (if he’ll seek re-election) but I have decided as his wife, that if things continue like this up to 2019, I will not go out and campaign again and ask any woman to vote like I did before. I will never do it again,” she said.

More from: https://www.premiumtimesng.com/news/headlines/212738-i-may-not-support-buharis-re-election-2019-nigerias-first-lady-aisha-warns.html

yarimo:
RENO OMOKRI being talking trash since 2015 A.D

Flashh:
[color=#151B54]#PotbellyGang.[/color]

PS712:
Happy birthday Speaker Dogara

balaclava:
Nigerians are the ball.
That's how we are being played.
U see Melaye(Ronaldo) brought his kid to Saraki(Messi).
It's all a game... and we r being played.

lagunsbespoke:
What meaning does wealth have when you cannot enjoy the good things of life?

nawtyme:
Previous Govts Initiated ‘Most Of The Things This Administration Is Doing’ – Adesina


A majority of the projects the Muhammadu Buhari administration is working on was inherited from previous administrations, the Special Adviser to the President on Media and Publicity has said.

Mr Femi Adesina said this when he appeared on Channels Television’s special Independence anniversary programme on Sunday.

“Most of the things this administration is doing – 60 to 70 percent of them – were initiated by previous governments,” he said.

“That shows you that in the past a government will come and say ‘this is not our project’ And it will discard what was being done and start fresh ones.”

As a result, Mr Adesina said there are many half and quarter-completed abandoned projects.
But rather than abandon the project, he explained that the current administration will complete it.

An example is the Abuja-Kaduna rail project which the Presidential aide said was up to maybe 60 to 70 percent complete when the last administration left.

“This administration came, completed it and inaugurated it. Then you will still find some people shouting, ‘they are claiming credit for what the past administration started,” he said.

“It shows there is a mentality in Nigeria that makes governments not want to complete what previous governments have started. But this administration is not going that way at all, it is just doing what needs to be done for the good of the country.”


https://www.channelstv.com/2017/10/01/previous-govts-initiated-most-of-the-things-this-administration-is-doing-adesina/