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Politics › Re: Lagos State Emergency Management Agency-lasema In Focus. PICS. by anonimi:
fkj950ax:
That CCTV was a Federal Government project/contract that Lagos and Abuja were sole beneficiaries.

It was an aftermath of the UN House bombing, and Nigerian government wanted to show the world they were improving security.

It was awarded to a Chinese firm by the Federal Government and installations done on locations given by LASG to NPF (a federal institution) Lagos Command.

The contract never got completed as it was embroiled in scandals and the National Assembly setting up a panel...

Lagos State government isn't liable for it.

If BRF or his supoorters used that project for publicity, that's shameful...

If the project is dead as at today, it's not BRF doing...
May LIES and propaganda not kill you.
You better say Amen.
Or maybe it was Barawo Rogue Fashole, BRF who lied to Lagosians in 2009 huh


proudly9ja:
Apr 05, 2009

The Lagos State Govt launches 10,000 CCTV cameras for her Safe City Project.

Very laudible in my opinion




https://www.youtube.com/watch?v=BZd744ITJK4
And then again in 2016, Amb-Ole also "bought" another set of 10,000 CCTV for the "sophisticated" Lagosians. grin grin grin


donglazy:
The Lagos State Government yesterday said it had concluded plans to install 10,000 Close Circuit Television (CCTV) cameras statewide as part of measures to ensure that the state is secure against the activities of terrorists in the light of the insurgency rocking the country

Commissioner for Economic Planning and Budget, Mr. Akinyemi Ashade, said this while giving a breakdown of the 2016 budget, tagged ’The Peoples’ Budget’, saying the government will also activate the existing 1,000 CCTV cameras already installed in the state.

According to him, “We will be expanding our ICT infrastructure statewide. Consequently, a budget of N9.6 billion has been approved for this purpose in 2016. This will include a Smart City project targeted at deploying technology to enhance security in the state. It will also aid our revenue generating efforts.

“We will be increasing coverage of CCTV installations in the state. Our goal is to have over 10,000 active cameras, connected by Broadband. The existing 1,000 cameras will be reactivated and these will be increased by an additional 3,000 cameras after the completion of the first phase of this project.”

Speaking on the need to beef up security and maintain law and order, the Commissioner said ”We are all aware of the security challenges in the country, and to manage this in the state we have committed about N23.5 billion for the maintenance of law and order, and to support security services in the area of vehicles, security gadgets and logistics.

“We shall continue to enhance the welfare of our security agents by providing allowances, fuelling of patrol vehicles and giving adequate life insurance covers to motivate them in 2016. We will provide more buildings for Police Area Commands in our state to enhance their performance. This budget also includes projects that will enhance security of lives and property in other areas of governance as previously enumerated.

“You will recall that this administration handed over equipment worth N4.765 billion to the Lagos State Police Command in the last quarter of 2015. In addition to the activities mentioned earlier, we have also made provisions for the completion of on-going court projects in Igando, Imota, Ajegunle, as well as Judges’ Quarters at Falomo, to complement those that had been completed.”

The Commissioner added that attention will be given to improving disaster management, purchase of firefighting, occupational and public safety equipment, and the construction of new fire stations and relief camps across the state.

Ashade said geographic information systems and business solutions will be given special attention in the course of the year.

According to him, activities to be covered under the platform include the expansion of the Lagos State Residents Registration Agency (LASRRA) residents’ registration exercise, the issuance of permanent resident’s cards, and the consolidation of public financial management system reforms.

He said the sum of N6.5 billion has been provided for in the budget for 2016.

http://sunnewsonline.com/new/lagos-to-install-10000-cctv-cameras-across-state/
Politics › Re: Lagos State Emergency Management Agency-lasema In Focus. PICS. by anonimi: 12:09am On Aug 28, 2016
Extract of LGA functions from the 1999 constitution:

(b) collection of rates, radio and television licences;
(c) establishment and maintenance of cemeteries, burial grounds and homes for the destitute or infirm;
(d) licensing of bicycles, trucks (other than mechanically propelled trucks), canoes, wheel barrows and carts;
(e) establishment, maintenance and regulation of slaughter houses, slaughter slabs, markets, motor parks and public conveniences;
(f) construction and maintenance of roads, streets, street lightings, drains and other public highways, parks, gardens, open spaces, or such public facilities as may be prescribed from time to time by the House of Assembly of a State;
(g) naming of roads and streets and numbering of houses;
(h) provision and maintenance of public conveniences, sewage and refuse disposal;

From: http://waado.org/NigerDelta/ConstitutionalMatters/1999Constitution/FourthSchedule.html
Politics › Re: Senator Adeyeye Playing On Meeting Osinbajo (Photos) by anonimi: 12:05am On Aug 28, 2016
basadenet:
The Only non-performing Governor in Nigeria.
AreGbese is performing oh.
He has BUILT the longest-runway airport already for us oh.
Never mind that he has not paid our civil servants' salaries and pensions for many months and years so tey our belle don empty finish and hunger dey wire we people.




www.nairaland.com/attachments/2476155_aregbesolaairportcompletionpromise2014_jpeg7fac7bf803cd9410c988d3f00821ea7f




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Politics › Re: Lagos State Emergency Management Agency-lasema In Focus. PICS. by anonimi: 11:53pm On Aug 27, 2016
What manner of priorities in a state that cannot ensure all its children are in primary, vocational and secondary schools that are properly staffed and adequately equipped.
What manner of joblessness for a state governor who is busy doing LGA constitutionally assigned duties?
I thought Lagosians are more sophisticated to be in the 200 million group of Nigerians. I must have made a mistake.


MathsChic:
Some days ago, I was at a secondary school in Surulere (across the bridge from the Island) in Lagos for a friend's event where he is educating secondary students about the perils of peer pressure. I honestly wasn't expecting what I saw as the state of this secondary school.
It left me wondering if this was a school or a dump yard. Why in heaven's name are Nigerian leaders looking the other way while the young ones study in this sorry environment?

The attached pictures are what I saw. This is no secondary school. It's a hopeless shanty. I hope this gets to front page and attracts the necessary attention.



www.nairaland.com/attachments/3124804_20151126164323_jpeg933998a57f8c28234ccaa665d2fefc46



www.nairaland.com/attachments/3124836_20151126163829_jpeg3798e0f98a572b323f9b9ab93cf4eb74
Politics › Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by anonimi: 11:37pm On Aug 27, 2016
Stingman:
How much was given to INNOSON...or CHIKASON group pf companies in NNEWI that employs thousands of people?
Innoson belongs to the 5% group. So therefore nothing for them.
Never mind that our DullardPoo said he belongs to everybody and belongs to nobody. That was just to further bamboozle the brain-dead zombies.




www.nairaland.com/attachments/2466899_tmp14537img20150531wa00082018317115_jpegfb518b792de89371742e268625a6aed0





https://www.youtube.com/watch?v=ZYUBTU2ZgFY
Politics › Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by anonimi: 11:26pm On Aug 27, 2016
Politics › Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by anonimi: 11:19pm On Aug 27, 2016
Politics › Re: Senator Adeyeye Playing On Meeting Osinbajo (Photos) by anonimi: 3:44pm On Aug 27, 2016
Lexlutor:
Adeyeye: me wey 18 yr old dey shout under me... i still dey on form!
Do you mean to say that he is IN form?
BTW, are you happy that he is fcvking away the mandate of his constituents with an 18 year old girl huh



www.nairaland.com/attachments/3084794_DumbPeople_jpg287f2b4d3ead2f536f99f92cbca9c590
Politics › Re: How Dogara, Gbajabiamila, Others Received N10bn In Illegal Allowances - Jibrin by anonimi: 3:33pm On Aug 27, 2016
Love Machine:
Despite all the allegations and proof that jubril level against these apc representathieves the efcc and police have not effect their arrest.Are they waiting for buhari's order?
Our dictator who is pretending to be a democrat has said no shaking for Dogara and he is redeemed into a born-to-gain progreTHIEF.



www.nairaland.com/attachments/3088738_img20151115154440_jpeg8f611b6c9cc8cd0928a56ef1049ea06d



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Politics › Re: Senator Adeyeye Playing On Meeting Osinbajo (Photos) by anonimi:
PataAlhaja:
Senator Adeyeye is a very smart, eloquent and assertive fellow.

Whoever has listened to him address his fellow senators can attest to this.
Please sir, how many BILLS has he sponsored successfully to deal with issues of concern to the voters who sent him to Abuja to represent them and enable him to collect mega millions monthly?
Abi na wetin be the work of a lawmakerhuh
Maybe you think na to just dey blow big but empty, meaningless grammar.
Na who I'm vocabulary don epp.



www.nairaland.com/attachments/2528508_political20catoon_jpeg388939f5abe0d6aa488640afd36eb164



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Politics › Re: Senator Adeyeye Playing On Meeting Osinbajo (Photos) by anonimi: 2:57pm On Aug 27, 2016
No wonder our country is so backward.
Youths who should LYNCH the SINator for corruption that deprives them of-

- jobs
- education
- health
- food
- roads
- money

are stupidly praising him.
O ma se oh!!!! embarassed embarassed embarassed



www.nairaland.com/attachments/2525077_nationalassebly_jpeg71d66f931a1a7ec6df0b899a793ef6b6
Education › Re: CGPA Of OAU Best Graduating Engineering Students From 1987 by anonimi: 11:57am On Aug 27, 2016
Despite all the PAPER certificate graduates, our country is still groping in the dark with no invention, no maintenance of infrastructures, nothing worthwhile. Yet we have a dullard and his All ProgreTHIEF Criminals, APC party who do not understand the value of education for all as our leaders looters.



www.nairaland.com/attachments/2920815_fbimg1443594726987_jpegc00071cb2902eb1726fe8107c3b2dbb6



www.nairaland.com/attachments/4160987_image_jpeg_jpeg6f95b5e7a24ad4fc0808d6698fd37362
Art, Graphics & Video › Re: NL Pictures Album by anonimi(op):
The collection keeps growing.

seyenko:
"In character and temperament, the typical African of this race-type is a happy, thriftless, excitable person.
Lacking in self control, discipline, and foresight.

Naturally courageous, and naturally courteous and polite, full of personal vanity, with little sense of veracity, fond of music and loving weapons as an oriental loves jewellery.
His thoughts are concentrated on the events and feelings of the moment, and he suffers little from the apprehension for the future, or grief for the past.
“He lacks the power of organization, and is conspicuously deficient in the management and control alike of men or business.
He loves the display of power, but fails to realize its responsibility "

Lord Frederick John Dealty Lugard, The Dual Mandate, pg.70 (1926)

Properties › Re: Slow/Long Process of My Build: Land Purchase to Completed Home (Ibadan) by anonimi: 9:12am On Aug 27, 2016
diordaves:
msogunro this your plot is unique and vintage. It will be a crying shame if all the stone works just ended with the foundation only. Your final build should be sympathetic to the geological history of the area in terms of architectural execution. One should look at your completed build in 20 years time and still "see" the nature of the topography in the building. To start with, it may not be too much ask to look into adopting Gabion Wall for the front of the on going fence work. You may also use Gabion for your landscaping or cobbled stone floor like in medieval European streets,
Not only medieval Europe sir. Even in Ile-Ife they had something similar.


Rossikki:
[size=15pt]Ife Pre-Pavement and Pavement Era (800–1000 A.D.)[/size]



Ife Paved Roads dated 800 AD

.................................https://38.media.tumblr.com/c794ccd588659f1b0701b21ef5189b59/tumblr_inline_nc3rvyslUj1qlbiit.jpg

...............................................https://38.media.tumblr.com/ace26965d73d342f3e44a8ea9ee9f6ab/tumblr_inline_nc3rvmbs3H1qlbiit.jpg


http://www.metmuseum.org/toah/hd/pave/hd_pave.htm


The categories given to the distinct periods of ancient Ife’s artistic production center around the paving of the city’s courtyards and passageways with terracotta bricks sometime around 1000 A.D., marking the beginning of Ife’s Pavement period. This practice is thought to be associated with the urbanization of Ife. The origin of the pavement is explained in a popular story: according to Yoruba mythology, Queen Oluwo ordered the construction of the pavement when her robes were muddied in the dirt.

Artistic production at Ife predates the construction of these pavements. The minimalist stone monoliths and other works of early Ife are generally attributed to the Archaic Era (before 800 A.D.) and Pre-Pavement Era (ca. 800–1000). The emergence of the highly specialized sculptural tradition of Ife is believed to have begun sometime after 800 A.D. and reached its height between the twelfth and fourteenth centuries. These eras, from the pre- to post-Pavement periods (stretching from 800 to 1600), are marked by both an increasingly expressive naturalism in the depiction of human figures and the development of a highly abstract artistic style....

A centre of political and religious power, Ife has been a formidable city-state through much of the second millennium A.D. The flowering of Ife art coincided with the commercial expansion of the neighboring city-state of Oyo, a strategically placed trading centre, that channeled goods coming down the Niger River from the Songhai empire to Ife and other centers. The aesthetic style developed during the Pavement period of Ife art has been an ongoing influence in Yoruba sculptural styles since its inception. ...



Excerpt:

http://historum.com/middle-eastern-african-history/71640-potsherd-pavements-ile-ife.html

''Ile-Ife is the most ancient Yoruba city, and is still venerated today by the Yoruba as their main cultural and religious center. It's practically a holy city. You may know of Ile-Ife due to its highly sophisticated terracotta and bronze castings, but did you know that the city had a complex system of paved roads? Evidently, an oral tradition concerning the distinguished Yoruba ruler Ono Olowo, apparently she was walking around the capital when her regalia was splattered with mud. Very upset, the Queen ordered the construction of pavements around all of the public and religious places of Ife(courtyards, shrines), made of ceramic tiles from pots. A quote concerning how potsherd pavements are created:


How The Pavements Were Built

''The pathway or courtyard to be paved would be prepared by leveling the ground. The potsherds were then prepared by breaking them into pieces. The soil was then well-kneaded to make for a good sub-base providing the working platform. The soil base was mixed with residual water from the palm-oil industry and left to ferment for two to three days. In the absence of residual water from the palm-oil base, the soil was mixed with palm-oil. Where there was no palm-oil, the soil was left to ferment longer, say, one-week. Mixing the soil with palm-oil was done to provide uniform heating when the pavement was being "baked'.

After the base was prepared, the potsherds were then stuck into the prepared soil and then arranged into whatever design was desired, be it herringbone or straight-row design. The pavement was then left to dry out before being "baked". In the baking process, dry wood and shrubs were packed on top of the pavement and set on fire''
''.



Typical Paved Courtyard In Ancient Ife

https://classconnection.s3.amazonaws.com/968/flashcards/1045968/jpg/7_131091327019978200.jpg


...........................................https://www.thewildkingdoms.com/wp-content/uploads/2013/11/Ife-Crown-Terracotta.jpg
Terracota Head, 1100 AD, Ile-Ife



Excerpt:

Ife Timeline

Pre-Classical (also known as Pre-Pavement), ?-11th centuries
Classical (Pavement), 12th-15th centuries
Post-Classic (Post-Pavement), 15th-17th centuries

http://archaeology.about.com/od/archaeologistsgj/qt/ile_ife.htm

During its heyday of the 12th-15th centuries AD, Ile-Ife experienced a fluorescence in bronze and iron arts. Beautiful naturalistic terracotta and copper alloy sculptures made during the early periods have been found at Ife; later sculptures are of the lost-wax brass technique known as Benin bronzes.

It was also during Classic period Ile Ife that construction of decorative pavements, open-air courtyards paved with pottery sherds, began.
Career › Re: Deposit Target: Nigerian Bankers’ Nightmare by anonimi: 8:28am On Aug 27, 2016
This is definitely not the best time to be a banker, surely with Buhari squeezing anything squeezable like a tight-fisted amateur, inexperienced boxer.



[img]http://www.tradingeconomics.com/charts/og.png?url=/nigeria/gdp-growth-annual[/img]



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Celebrities › Re: I Hate Being A Celebrity: Frank Edoho Cries Out.(photos) by anonimi: 5:58pm On Aug 26, 2016
romme2u:
baba i no dey see your light these days

no mind that midget grin grin grin
Nor be me oh. Na some people wey get power for nairaland bin seize my light for some time but the Good Lord is still on the throne. grin grin
Education › Re: Best 8 Pictures Of Buhari That Students Can Relate To by anonimi: 1:32pm On Aug 26, 2016
Fabulocity:
I just know people will turn this into a Buhari-bashing thread grin.
Before nko?
Na we sey make the man nor go school for collect certificate ni? grin



www.nairaland.com/attachments/2161312_daura2_jpegfc903b1ba089d27dc7854a87669cb007
Education › Re: Best 8 Pictures Of Buhari That Students Can Relate To by anonimi: 1:24pm On Aug 26, 2016
Quite a creative thread from the OP.
Normally Buhari has nothing positive to do with education for the people but as the images depict him to be the dullard that he naturally is, no wahala.

www.nairaland.com/attachments/2027366_buharinu_jpeg5ce072fcf9c5443e849caa9cebbeaa57
Events › Re: Bisola Umoren: "I'm A Natural Beauty" - Makeup Free Bride by anonimi: 12:21pm On Aug 26, 2016
free2blast:
Upon your ten layers of mascara and bleaching you no still fine.
Nor mind the jealous girl o jare.
She just dey blab dey go on top the natural, make-up free bride matter.



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Events › Re: Bisola Umoren: "I'm A Natural Beauty" - Makeup Free Bride by anonimi: 12:19pm On Aug 26, 2016
ireneony:
undecided natural beauty my aass..
why did she perm her hair...why not leave the hair in its natural state.
www.nairaland.com/attachments/2172817_1242032359hatersgonnahate_gif6d4f37b9dd0af73c35b228acedfa5266
Events › Re: Bisola Umoren: "I'm A Natural Beauty" - Makeup Free Bride by anonimi: 12:11pm On Aug 26, 2016
higherpower:
See as those vulture girls shun th post!!
Some ladies will force over 200k from their spouse for this same make up. Kudos to this lady. This is the kind of lady every man should marry.
Abi oh, 200k in this Buhari economy. angry
Can you imagine how many months of food that will buy for the new family huh
Some girls are HEARTLESS witches, walahi.
May we not jam such baes IJN, InshaAllah, Amin Ase Edumare!



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Events › Re: Bisola Umoren: "I'm A Natural Beauty" - Makeup Free Bride by anonimi: 12:07pm On Aug 26, 2016
Ib30:
so inspiring.

I think makeup make u look older dan ur real sef.
I guess that the make up is an ATTEMPT to cover up the mileage that has been used on the body. grin
The degree of success varies from person to person but in any case is only temporary until wake-up time in the morning. grin grin
Politics › Re: Late Chief Bola Ige's Letter To The Recipients Of Free Education by anonimi: 10:23am On Aug 26, 2016
Coldfaya:
they received free education but can't even pay t-fare of their neighbors kids to school. wicked elders
That includes the Minister of Darkness, a certain Barawo Rogue Fashole, BRF who received free deducation from Jakande for four years in Birch Freeman school but could not replicate and expand on what helped him in life.
He was instead bragging that Lagos state government has only 2,000 of the 14,000 schools in the entire state. shocked
Why are we black people so wicked to ourselves?



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Celebrities › Re: I Hate Being A Celebrity: Frank Edoho Cries Out.(photos) by anonimi: 10:12am On Aug 26, 2016
But he likes the MONEY, not so huh
He should stop FOOLING us like El-Rufai who said the most difficult job in our country is that of a governor. Yet he has not resigned oh. angry
Politics › Re: 16 Things Soludo Told Buhari-Led APC Government In Kaduna by anonimi: 10:02am On Aug 26, 2016
MadamExcellency:
APC can never break from the consciousness of being a coalition to being a governing party.

CPC seized power in disguise and settled few individuals from ANPP and ACN only, nPDP grabbed their share by force while Rochas APGA remains the orphan of the coalition without any inheritance.

Poor cunning power grabbers.

Amaechi was so proud to tell congregation in Church before May 29, 2015 that there is no more money in Rivers State and that Nyesom Wike will suffer it. Ask yourself, who emptied Rivers State treasury and for who?
See the answer below =>

scribble:
https://www.karensperspective.com/wp-content/uploads/2010/03/dollar_rain.jpg



Dollarization Of The APC Primaries: How Amaehi Vanquished Atiku #saibuhari

The blogosphere was inundated with reports of the excessive sharing of dollars at the All Progressives Congress which took place during the latter part of last week.

One APC supporter and Special Adviser to Osun Governor on Environment, BolaIlori had blown the scandal open after he saw the beginning stages of the dollarization in action.

He took to his Facebook page and scribbled, “Crazy things are happening here!!! Some of these cannot represent the change Nigeria is yearning for. Excessive dollarization by one of the aspirants to is to say the least obscene. I have been involved in political process for decades now, I have never witnessed this volume of raw dollarization of party primaries. I only read about this kind of things in PDP primaries. A question been asked by conscientious delegates is that whoever can be giving out between $2000 to $5000 to…delegates certainly does not represent the kind of change Nigerians want…those who contributed to the pauperization of Nigeria now revel in dollarization… majority of Ondo delegates are still standing with Buhari but have been reduced from 85% to 70% within 24 hours…the remaining has gone with dollars ooo.!!!!!”

One has to wonder how Buhari was able to win the primaries in this era of stomach infrastructure where dollars are like the Biblical manna that God sent down from heaven to nourish the Israelites as they made their way to the promised land.

Sources close to the APC with knowledge of the way the Primaries unfolded have revealed that it was Rivers State Governor, Amaechi who flew back to Rivers State and returned to Lagos on Thursday morning with enough dollars to make Benjamin Franklin blush.

It has been revealed that Atiku offered the delegates $5000 each, but Amaechi doubled it to $10000 a pop. Thus turning the tables in favour of General Buhari.

Since his adventure into the APC, Amaechi has gone out of his way to prove himself a party loyalist, always the first to shoki or azonto at the many events the APC holds, which he himself is usually the chief sponsor.

According to party insiders, Amaechi has overtaken Tinubu as the major financier of the party. One does not need to wonder why he is always at President Jonathan’s throat over misappropriated oil wells or other such business. Anything that diminishes from the State’s coffers will have a ripple effect on his funding budget for the APC.



Joe Francis wrote in from Port Harcourt.


http://www.theheraldng.com/dollarization-apc-primaries-amaehi-vanquished-atiku-saibuhari/
www.nairaland.com/attachments/3483217_amaechidollarisation_jpegb5e0800e024c28f6be3bb816a31e3e74
Politics › Re: 16 Things Soludo Told Buhari-Led APC Government In Kaduna by anonimi: 9:59am On Aug 26, 2016
Joehong:
THE BLAME IS FROM BOTH SIDE, THAT IS PEOPLE ARE BLAMING BUHARI WHILE BUHARI IS BLAMING THE PAST ADMINISTRATION. MY QUESTION IS BUILDING A NEW HOUSE AND RENOVATING AN OLD ONE, WHICH ONE IS FASTER. THEY HAVE DESTROYED NIGERIA AND SOMEBODY IS TRYING TO REBUILD.
1. HOW MUCH DID OBASANJO TOOK OVER FROM ABDULSALAM AS FOREIGN RESERVE?
2. HOW MUCH DID YARADUA TOOK OVER FROM OBASANJO AS FOREIGN RESERVE?
3. HOW MUCH DID YARADUA LEFT FOR GOODLUCK BEFORE HIS DEMISE?
4. HOW MUCH DID GOODLUCK HANDED OVER TO THIS GOVERMENT?

SOLUDO SHOULD PROVIDE THE ANSWERS TO THIS BEFORE MAKING NOISE.
I hope you have the patience to read through the article below.
Cheers.


Nigerian economy since 1999: Myths, lies and data

The average oil price in 1999 when President Olusegun Obasanjo returned as Nigeria’s civilian president was $17.80 per barrel. Our official foreign reserves that year amounted to just $5.4bn. GDP size was $50.48bn which at then exchange rate of N92.69/$ was only N4.6trillion. Throughout Obasanjo’s first term, the highest oil price was $26.10 in 2000, with slight declines to $24.50 and $25.40 in 2001 and 2002. In spite of relatively low oil prices, Obasanjo grew FX reserves to over $10bn in 2001 before falling to around $7.5bn in 2002 and 2003. The exchange rate depreciated by 30% by 2002 falling to N120.97. On the policy front, the main economic achievement of Obasanjo’s first term was telecommunications sector deregulation which transformed Nigeria’s telephony and later internet/data sectors. No rational person will deny Obasanjo the credit for the over 150 million active lines in Nigeria today. He also established the EFCC and ICPC. Obasanjo’s main political achievements in his first term were stabilizing our democracy and re-establishing Nigeria in the global community.

Obasanjo recorded more significant economic achievements in his second term, enabled by the arrival of Ngozi Okonjo-Iweala, Charles Soludo, Fola Adeola and others into economic positions. The most important milestones were pension reforms, banking consolidation and the revolutionary Paris Club Debt Write-off. Okonjo-Iweala introduced the oil price rule that enabled the accumulation of “excess crude” savings in addition to our foreign reserves. The “Excess Crude Account” (ECA) starting from nil in 2003 was $24.36bn by December 2006 while foreign reserves were over $42billion totaling over $66billion of sovereign savings. In 2003 average oil prices were still below $30 per barrel and GDP size was only $76.64! It was only in 2006 and 2007 that oil crossed $60 per barrel. The effect of Obasanjo’s reform cabinet on FDI manifested for the first time in 2005 (not surprisingly AFTER (!) the Paris Club Debt Write-off as foreign investment jumped to $5.1bn and $7.7bn in 2005 and 2006 respectively.

Obasanjo’s policy failures were the neglect of the social sector as poverty and unemployment began to rise, and crony capitalism began to entrench its roots. Boko Haram and “Political Sharia” were also birthed under Obasanjo and the public sector began to expand in that era. The signal failure of Obasanjo was not to transform the power sector in eight years; but the irony (and redemption perhaps) was that he laid the foundations for reform through enactment of the Electric Power Sector Reform Act. On the political side, Obasanjo diminished the quality of our democracy with scandalous elections in 2003 and 2007, and his third term bid.

Late President Umaru Yar’adua was in office from 2007 to 2010. His reign was dogged by poor health and eventually cut short by his demise. He also had an economic challenge in the global financial crisis and great recession of 2008-2009. Yet average oil prices ranged between $60-100 per barrel during Yar’adua’s time in power, higher than under Obasanjo. Yar’adua drew down significantly on both the ECA and foreign reserves falling to $6.5bn and $42.3bn by 2009 (having risen to $20bn and $53bn respectively by 2008 a legacy of the Obasanjo cabinet). This depletion of reserves was part-justified as a result of the decline in oil prices during the global recession and part-unjustified because the Yar’adua government wasted substantial time reversing pro-market initiatives of his predecessor and stalling the power sector reforms in favour of an unrealistic $85billion government spending programme pushed by Rilwanu Lukman. Under Yar’adua and as a result of the global recession-induced oil price decline, the Naira was devalued from around N120/$ to about N150/$.

Yar’adua’s most important achievement was the Niger-Delta amnesty which restored oil production after the regime’s attempt to deploy military force failed.

President Goodluck Jonathan enjoyed the bounty of high oil prices ranging from about $80 in 2010 to over $100 per barrel between 2011 and 2014, when oil prices fell again. He initially built-up foreign reserves from $32bn in 2010 to over $43.8bn by 2012 before it began to decline to approximately $30bn by the time he left office in 2015. The ECA also fell to $2bn. As president, Jonathan bore ultimate responsibility for the non-accumulation of reserves during a period of high oil prices, but he can plead some extenuation-first he indeed tried to do so, in fact setting up a sovereign wealth fund to institutionalise same instead of Obasanjo’s illegal ECA, but governors stalled the process in court; the CBN refused to countenance even minor adjustments in currency value as imported consumption (and export of capital by corrupt officials rose); governors (again!) insisted on sharing the illegal excess crude account and persistently used it as political blackmail against the hapless president; and Jonathan and Okonjo-Iweala (who had returned as finance minister in 2011 under less-auspicious circumstances as I presciently warned back then) can argue correctly that they also tried to force savings through conservative budget oil price benchmarks, which the National Assembly consistently raised. Jonathan also bears, more directly, liability for the escalation in corruption, which will also have contributed to decrease in reserves. The biggest embarrassment to Jonathan was seeing fuel subsidies rise from an average of N1trillion to over N2trillion in 2011. In this case as well he tried to fix the problem once and for all through deregulating the downstream in January 2012 but political opponents opposed deregulation, which we have now being forced to adopt under worse economic circumstances.

Nevertheless Jonathan’s policy achievements were important-the establishment of the Nigerian Sovereign Investment Authority (NSIA); the revival and substantial completion of the power sector reforms; successful reforms in agriculture and trade; GDP rebasing and growth resulting in Nigeria becoming the largest economy in Africa at $510bn; and the exponential increase in FDI crossing $20bn in 2013 and 2014! Politically Jonathan enacted the Freedom of Information Act and ensured free and fair elections including the one that saw to his displacement in 2015! His main failing was his weak leadership which manifested in a festering Boko Haram insurrection and large scale corruption in his government.

By 2015, Obasanjo, Yar’adua and Jonathan all bore varying levels of responsibility for worsening poverty and unemployment as policy pandered to crony capitalists at the expense of the mass, even though Jonathan made modest efforts through Almajiri schools, “You-Win” and SURE-P programmes and investments in the education sector. The cost of governance also escalated with both the executive and legislature to blame.

Opeyemi Agbaje

From: https://businessdayonline.com/nigerian-economy-since-1999-myths-lies-and-data/
Politics › Re: 16 Things Soludo Told Buhari-Led APC Government In Kaduna by anonimi:
Onegai:
This is simply the truth. I voted Buhari, I expected him to hit the ground running. I thought I would hear him calling every single ministry and parastatal to give a full audit immediately after swearing in and have an economic team on ground a month later. Instead he wasted time and for what, to put in old faces to run the show and a finance minister no-one is sure knows how to run an economy of a country. I'm disappointed and I'm tired to hearing "GEJ, PDP". Yes, they messed up, but that is why I voted for you, so you would FIX THEIR NONSENSE. And don't tell me it took 16 years to destroy, it took longer and that is no excuse, what is stopping you from at least having a concrete plan and explaining it and starting to execute some plans? Don't say you're broke when your civil service is bloated and your lawmakers are still earning fat salaries. No-one outside the country thinks Buhari has a plan, is it chasing corruption that will diversify the economy? If he had insisted States be independent because he has no money it would have helped. If he insists that each governor report monthly to him solid plans to improve their economy, not "go and farm on Thursdays and Fridays", that is something.
Running was too slow for our change chain master. He had to hit the ground flying. grin grin grin



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Of the 16 years PDP at the federal level, eight years were by the APC navigator, Ebola Owu.

Meanwhile, fixing was the promise.
Blame game is the reality!!!
Fasten your seat belt till 2023. grin grin grin



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Politics › Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by anonimi: 9:32am On Aug 26, 2016
luvinhubby:
APC and it's leaders can lie more than the devil.

Nigeria technically stopped paying fuel subsidy January 2016 even before the increase in pump price of fuel.
And we are expecting the N40 fuel, as promised, since oil price dropped longest time ago.
Bunch of Association of ProgreTHIEF Criminals, APC!!!



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Politics › Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by anonimi: 9:30am On Aug 26, 2016
Flyingngel:
U save this amount but everyday the minister of finance is telling us that Government is borrowing to pay salary. I don't know why u people are not consistent with d truth, everything is lying.
They were LIARS!
They are LIARS!!
They will always be LIARS!!!

Did they not lie that only Jonathan wanted to deregulate the fuel market and remove subsidies in 2012 when they were in opposition?
The truth cannot be hidden forever.




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Politics › Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by anonimi: 9:27am On Aug 26, 2016
Sunky200:
things are not the same, things are not the same like before...

the said amount would have ended up in the pocket of some few corrupt elite, thank God it doesn't.
Corrupt elite like Dogara and his padded budget?
Or Buratai and his multi-million dollar mansions in Dubai?
Or Dambazau who stole N1 billion monthly from soldiers salary?
Or the capone in Aso Rock who collected $300,000 from Dasuki and two cars for one damaged huh
Who is FOOLING who?



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Politics › Re: Ekiti Bans Free Grazing: Assembly Passes Bill by anonimi: 9:02am On Aug 26, 2016
Great move to test the constitutionally enshrined autonomy of the 36 states.
Politics › Re: PHOTOS: Osinbajo Arrives Kaduna For APC Governance Lecture by anonimi: 10:11pm On Aug 25, 2016
Keneking:
Useless government
What a change of mind!
What could be responsible?
Could it be the hunger in the land from the change chain propagandists?


Keneking:
Sai Buhari
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