I don't know how Africans go to America, see the abundance, then see the visibly homeless and decide that is a good system.
China is going through the same, their homeless crisis has boomed.
Capitalism works BETTER than communism and its softer variant of socialism.
Are there no homeless people in communist and socialist countries of extreme poverty paupers? Is life better for Russians, Indians and Chinese people now than when they were having the government own and run businesses
Atlantian: An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, "OK, we will have an experiment in this class on Socialism principles: All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy. When the 3rd test rolled around, the average was an F.
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. Could not be any simpler than that. These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
Can you think of a reason for not sharing this? Neither could I.
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anonimi: Neo-black Problem: Must Blacks Be Ruled by Whites in Order to Prosper?
In short, the neo-black dilemma may be framed as follows: is it better to live under white rule without political dignity but with basic life-sustaining standards for many;
or to live under black rule with illusory political dignity and without basic life- sustaining standards for the majority? @ @ The path forward for Africa lies in cultivating higher and adequate levels of personal and communal agential integrity as well as full personal responsibility and productivity. Not to mention creativity (including epistemic creativity), productive justice (such as merit and freedom), harmony and reconciliation at local and international levels, and a proper domestication of capitalism and other related values and institutions.
Africa must stop wasting her time on dreams of socialism because it is a system of wealth distribution primarily. Whereas, capitalism is a system of wealth creation primarily, and wealth has to be produced before it can be distributed.
1. Energy — kilns run on coal, petcoke or gas. Algeria and Egypt have cheap domestic energy and sit at the bottom. Anyone importing energy for their kilns pays more, full stop.
2. Local vs imported clinker — an integrated plant grinds its own clinker locally and is shielded from freight shocks. A grinding-only market imports clinker and eats freight and currency risk at the same time. That's a big reason East Africa runs pricier than North Africa.
3. Freight and landlocked penalty — inland transport adds real cost per kilometre. Uganda, Zambia, Mali, Burkina Faso, Niger, and near-landlocked DRC pay an estimated extra $1–3 a bag just moving it inland. DRC is the worst case on the continent.
4. Exchange rate (and a correction people keep getting wrong) — a lot of people blame the naira. That's not it. The naira was actually appreciating over this period. Nigeria's Works Minister pinned the price on producer pricing power, not currency. FX is a real driver in Zimbabwe and Kenya — it's just misapplied to Nigeria.
5. Producer concentration — fewer producers, higher prices. Nigeria is the textbook case: Dangote and BUA dominate, and we lead the continent on price despite having surplus capacity. South Africa's big three do something similar. Egypt, Algeria and Morocco (where CIMAF forces real competition) price lower because supply is either state-linked or genuinely competitive.
6. Government taxes in different forms, that have increased astronomically under Tinubu and APC government that loots rather than employ well paid civil servants to provide enabling environment for businesses to flourish.
We had cheap energy before 2015 when Tinubu begged Buhari out of retirement to make Jonathan a one term president, thereby ending 16 years of PDP prosperity, peace and stability with cheap dollars and low debt, that was built on privatisation and deregulation policies.
Has any nairalander ever bought petrol for N70 or less since may 2015
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
Thewrath: This is what I have been saying,it’s only opposition’s vote that will come from social media while the ruling party is the “ONLY” that will have “real” votes!
They are indirectly telling you that irrespective of the outcome election outcome,APC will WIN.
What does the master strategist and his All Promises Cancelled, APC party need votes for when he will be virtually running unopposed in the election?
There is a reason why APC's Twitter sympathiser Amupitan's INEC and Wike's courts are doing all they can to destroy all viable opposition candidates and parties.
iwaeda: Wike Boasts Of Helping APC Use Judiciary To Kill Osun LG Funds Case, Warns Party Leaders Against Ingratitude
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has openly boasted that he assisted certain elements within the ruling All Progressives Congress (APC) in deploying the judiciary to frustrate the Osun State local government allocation lawsuit.
In a video now circulating widely on social media and obtained by SaharaReporters, Wike made the claim while addressing a crowd in Port Harcourt, Rivers State.
The former Rivers governor accused the APC National Secretary, Senator Ajibola Basiru, of benefitting from judicial actions against the Osun State Government without knowing those who did the work behind the scenes.
The suit in question led to the withholding of local government funds in Osun State, a development widely seen as targeting the administration of Governor Ademola Adeleke as opposition in the state.
Wike, who spoke angrily, suggested that the court action supporting the APC’s position against the Osun government did not happen by chance, boasting that powerful political forces worked quietly to ensure the outcome.
“Don’t take our support for Mr President for granted,” Wike warned, in an apparent message to APC leaders defending Rivers State Governor Siminalayi Fubara. “You have to be careful about the statements you make. You have to be very careful.”
He accused Basiru of political ingratitude, claiming the APC was enjoying in Osun State without understanding who engineered their advantage.
“Today, you are enjoying in Osun. You don’t know those who did the work,” Wike said. “You are opening your mouth to talk about Rivers State.”
Blankstare: Not lagos but Nigerians, sanitation is a local issue in the whole country, the poor especially believe no consequences for littering g everywhere
Is the absence of consequences due to looting by our local, state and federal government officials who underpay civil servants that are not even adequate in number for the purpose of enforcing relevant sanitation laws?
AustineE1: Look at how dirty the canal is!...this is embarrassing,op should just put down this video,canal is a man made water way and not a sewage outlet.
This is disgusting and other countries will see this video.Lagos need to do better,abeg!
Lagos cannot do better with Tinubu's lootocracy master plan that has raised budget 100 times on the basis of forever increasing tax burden on people, without employing enough workers to make basic government services and utilities available. Services like keeping canals like this one, clean and clear at all times.
Can you imagine that after 27 years of the master strategist's progressive governance, Lagosians are still drinking water from shitty boreholes like other cities and towns in the giant of Africa?
The federal government is not responsible for water supply in cities and towns. This is the responsibility of states.
500 gallons of water go for N20k. Multiply by 4 in a month, that's N80k. By extrapolation, that's N960k in a year on water alone. Why? Because the governor believes that clean and accessible water is the least of his worries. Yet they prance around like Enugu is Abuja even though the red muddy soil will have residents looking like they went tomb-raiding at night.
But then, considering where it was before Peter Mba, one can understand the accolades being that he moved the town from 16th Century to 17th Century but not anywhere near 20th Century. 21st Century is a stretch. EEDC? The worst of all.
The Permanent Secretary, Office of Drainage Services and Water Resources in Lagos State, Mahmood Adegbite, has said that people drilling borehole in the Lekki axis of the state is probably drinking ‘’shit water.”
While speaking at a stakeholders meeting in the state recently, Adegbite noted that contaminated boreholes in Lekki pose health risk and added that treatment of waste water would eradicate any form of disease that may arise from it.
He said, “On waste water treatment, I will say that everyone digging borehole within the Lekki axis is probably drinking what I will call ‘shit water.’
Amotolongbo: This guy needs to be put in jail for life. He has absolutely decided that he will never get rich and successful in life through legitimate means.
He could borrow a large sum of money to pose a fake appointment like the World Youth Organisation speaker and lobby to arrange fake federal agency (PFIPC), but the fraudster will never think of developing a real and legitimate organisation/company producing goods and services for the the betterment of his life and Nigerians.
Where should the disgraced Georgia lawyer who collaborated with him as Tinubu CoS be?
Should the bigger thief be let go while we lynch the petty thief? Is that how we will develop and stop praying for japa visas to make oyinbo and Asian places better than our own country
I guess there is truth to Oshiomole saying that APC is the Assembly of Past Criminals.
chisomkachy: The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court against Lagos Speaker Mudashiru Ajayi Obasa.
Naija News understands that the anti-graft did not give any particular reason for its application for withdrawal.
Following the application to withdraw, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.
The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.
The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.
Recall that the court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.
The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.
But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.
During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).
The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.
Section 44 of the Constitution concerns constitutional rights to property.
Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:
“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.
“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”
Memphis357: Has anyone ever noticed that APC data boys have never campaigned to people with regards getting their PVC's?
They don't even mention PVC's in any of their posts.
They are banking on the Lagos master planner being the only real candidate on the ballot, after using APC Twitter sympathiser Amupitan's INEC and Wike's courts to destroy credible opposition candidates and parties.
The master strategist of Nigerian politics believes he can ruin Nigeria forever, as he is doing in Lagos since 1999. After securing reelection next year, he will move on to his 3rd term agenda for life president. The agenda that Obasanjo failed to achieve in 2007 because Atiku led other democracy heroes to kill the bill in the NASS despite Ghana must go bags of bribe.
iwaeda: Wike Boasts Of Helping APC Use Judiciary To Kill Osun LG Funds Case, Warns Party Leaders Against Ingratitude
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has openly boasted that he assisted certain elements within the ruling All Progressives Congress (APC) in deploying the judiciary to frustrate the Osun State local government allocation lawsuit.
In a video now circulating widely on social media and obtained by SaharaReporters, Wike made the claim while addressing a crowd in Port Harcourt, Rivers State.
The former Rivers governor accused the APC National Secretary, Senator Ajibola Basiru, of benefitting from judicial actions against the Osun State Government without knowing those who did the work behind the scenes.
The suit in question led to the withholding of local government funds in Osun State, a development widely seen as targeting the administration of Governor Ademola Adeleke as opposition in the state.
Wike, who spoke angrily, suggested that the court action supporting the APC’s position against the Osun government did not happen by chance, boasting that powerful political forces worked quietly to ensure the outcome.
“Don’t take our support for Mr President for granted,” Wike warned, in an apparent message to APC leaders defending Rivers State Governor Siminalayi Fubara. “You have to be careful about the statements you make. You have to be very careful.”
He accused Basiru of political ingratitude, claiming the APC was enjoying in Osun State without understanding who engineered their advantage.
“Today, you are enjoying in Osun. You don’t know those who did the work,” Wike said. “You are opening your mouth to talk about Rivers State.”
That's what it means to build a state not like one fraud they claimed built a state with absolutely nothing to show.
Obi and the master strategist of Nigerian politics are both cut from the same fabric of fraudulent governance.
NLCreator: Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has defended the purchase of sports utility vehicles (SUVs) for members of the national assembly.
There have been reports that the leadership of the 10th national assembly has bought SUVs for all lawmakers.
Each SUV is said to be valued at N160 million.
The LP had asked members of the party in the national assembly to kick against “wastage”.
While responding to questions during a press conference in Abuja on Monday, the former governor of Anambra said the SUVs are not personal cars of the lawmakers, noting that they are for official use.
“Let me start with the issue of Labour Party members in the house. I have actually discussed this issue with them,” Obi said.
“Surprisingly, I can tell you I heard that these vehicles are official cars. They have to use it. It is meant for office.
“So it is not as if it is their vehicle. They said it is official cars and you are meant to use it while you are in the senate.”
Obi also hinted at contesting for the country’s number one position in 2027, adding that Nigeria deserves dedicated and visionary leaders who will lead the country towards a brighter future.
aduboy: Anambra distributes 177 vehicles to traditional rulers
Governor Peter Obi of Anambra State, on Monday in Awka, distributed one SUV each to the traditional rulers of the 177 communities in the state.
Obi handed over one of the vehicles’ key to the state Chairman of the Traditional Rulers’ Council, Igwe Alfred Achebe, Obi of Onitsha.
He said that the gesture was aimed at helping them run and build better communities, adding that the vehicles would also help the traditional rulers to function effectively.
“If you have better communities, you will have a better Anambra, Anambra today is changing for better and I want this sustained,” the governor said.
“In doing that, the state government and the local government will do what it can to support the building of a better Anambra.”
Achebe said that he was overjoyed because the governor cared about the well-being and welfare of the traditional rulers.
“It is completely unprecedented in Anambra and probably elsewhere in Nigeria,” he said.
“It is a mighty gesture from the governor and for the government of the state to make a distinct impact on the well-being of the traditional rulers in the state.”
According to him, it was one of the several measures the present administration in the state had taken to improve the wellbeing of the traditional rulers.
“We pray that God will give us a successor that will continue from where Obi has left and lift Anambra to the next level.”
chrisifeanyi: In Anambra state, since Peter Obi handed over schools to churches it has been Eldorado. People prefer public school to private school in Anambra state.
How do we know that is the case without verifiable data showing attendance in public schools far outweighs that of private establishments
Is the ratio of public schools to private ones in Anambra better or worse than the miserable 5% of Tinubu's Lagos, after 27 years of his a-looter master plan that raised budget 100 times to N4.2 trillion, based on increased tax burden on people
anonimi: Ratio of public to private schools in Lagos State is one to 22 ― Commissioner
The Lagos State government has said the ratio of public to private schools at both primary and secondary school levels in the state is one to 22.
The state’s Commissioner for Education, Mrs Folasade Adefisayo, gave the revelation in her remark at the 2022 edition of the Total School Support Seminar Exhibition (TOSSE) held at Oregun in Ikeja between Thursday and Friday.
How many teachers have been employed by Soludo to improve access to basic education in Anambra state for all children
anonimi: NUT commends Oyo over recruitment of 19,500 teachers
The Nigeria Union of Teachers, Oyo State, has commended Governor Seyi Makinde-led government for recruiting 19,500 teachers in five years.
The union, in a statement signed by the NUT Chairman, Oladimeji Raji and the Secretary, Salami Olukayode, noted that the appointment of 5,000 teachers in his first term and 14,500 since the inception of his second term into the state primary and secondary schools was noteworthy.
The union said the ripple effects of the recruitment were that it would address the problems of inadequate manpower in the education sector and promote teaching and learning.
The statement read, “Your disposition towards turning the tide of the education system of Oyo State remains unprecedented and unmatched not only in the annals of recruitment history of our dear state in recent times but also across the entire 36 states of the Federation including the Federal Capital Territory.
“Your Excellency Sir, your achievements in the education sector since assumption of office particularly, on the successful recruitment of over 14,000 qualified teaching professionals and about 3,500 non- teaching personnel, aside from an appreciative number of caregivers is a clear cut and a perfect reflection of your results-oriented style of leadership aimed at providing free, qualitative and quantitative education to the amiable citizens of Oyo State. This gesture shall, without doubt, have a significant touch in our classroom and as well enhance educational service delivery to our school children.”
Is there any record of the NUT applauding him for recruiting teachers to make education accessible to more children
anonimi: NUT commends Oyo over recruitment of 19,500 teachers
The Nigeria Union of Teachers, Oyo State, has commended Governor Seyi Makinde-led government for recruiting 19,500 teachers in five years.
The union, in a statement signed by the NUT Chairman, Oladimeji Raji and the Secretary, Salami Olukayode, noted that the appointment of 5,000 teachers in his first term and 14,500 since the inception of his second term into the state primary and secondary schools was noteworthy.
The union said the ripple effects of the recruitment were that it would address the problems of inadequate manpower in the education sector and promote teaching and learning.
The statement read, “Your disposition towards turning the tide of the education system of Oyo State remains unprecedented and unmatched not only in the annals of recruitment history of our dear state in recent times but also across the entire 36 states of the Federation including the Federal Capital Territory.
“Your Excellency Sir, your achievements in the education sector since assumption of office particularly, on the successful recruitment of over 14,000 qualified teaching professionals and about 3,500 non- teaching personnel, aside from an appreciative number of caregivers is a clear cut and a perfect reflection of your results-oriented style of leadership aimed at providing free, qualitative and quantitative education to the amiable citizens of Oyo State. This gesture shall, without doubt, have a significant touch in our classroom and as well enhance educational service delivery to our school children.”
Xpol: The best you can do for yourself is to build and structure your life independent of Nigerian political decisions. It's neither stable nor reliable, no consistency, no blueprints, etc. If it favours your business today it can equally collapse it tomorrow.
So I know what I'm saying.
What is the wisdom of failing to influence public policy decisions to make the environment better for everyone, so that you can succeed more easily
Xpol: As For me I'm not buying any of these people's agenda coz none of them has added any value to my life, whatever rocks their boat..,
Whether you buy politicians’ agenda or not, every single aspect of your life is affected by their decisions and actions in public policy and lawmaking plus enforcement.
anonimi: “The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.
He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.
The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”
chinchum: It fell to 20-30 year low , even about 800,000bpd when "avengers" were blowing up pipelines in SS sometime in 2016. the 500,000 bpd number is only an hypothetical number obviously to the folk who says he is not benefiting from the oil, that way (s)he will realise quickly how everyone is indirectly benefitting if not directly.
Is hypothetically your grudging way of saying you are a propagandist liar?
Meanwhile you are yet to provide evidence of your 800,000 bpd revised statement. Until you do that, why should we believe you
chinchum: You will feel it when crude oil production is 500,000 barrels /day and Nigerian states cant pay salary. It once happened in 2016 when Nigerias crude oil production fell sharply, as the terrorist group "avengers" where on pipeline destruction spree and state allocation dropped and many states could not pay salaries.
Stop telling lies.
Oil production never fell to 500,000 bpd.
What is your source for this claim when APC’s strongman, General Buhari, their change messiah was in office
Alliswell248: Tell us one single legacy Jonathan left. He depleted our fx despite getting more money.
Do you know how to read and understand what you have read
thisweekng: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.” Private sector to drive the economy
If the master strategist of Nigerian politics failed to make our country better with higher revenue targets in August, then what is the renewed hope that this will lead to any change in his worsening of APC extreme poverty and insecurity shege of the last 11 years?
Ofunaofu: Report: Current Govt Added More Debt in Two Years Than Nigeria Accumulated in 55 Years
• Decries Nigeria’s debt service-to-revenue ratio
•Urges FG to declare fiscal emergency
A new policy brief has warned that Nigeria’s worsening debt profile and weak revenue generation have pushed the country into a dangerous fiscal position, with the current administration accumulating more debt in two years than Nigeria recorded during its first 55 years after independence.
The report, released by the Alliance for Economic Research and Ethics LTD/GTE, a Nigerian policy think tank, argued that the country’s debt crisis has evolved into a governance and revenue emergency, as debt servicing obligations now exceed the federal government’s retained earnings. > > According to the think tank, Nigeria’s public debt rose sharply from N87.38 trillion in June 2023 to N159.28 trillion by the end of 2025, with President Bola Tinubu’s administration accounting for about N65.9 trillion of the increase within its first two years in office.
The organisation in the brief titled: “Nigeria Is Borrowing to Breathe—and the Clock Is Ticking”, noted that Nigeria accumulated only about N12.06 trillion in debt from independence in 1960 up to 2015, meaning the current administration added more than five times that amount in just 24 months.
The report stated that while previous governments also contributed significantly to the country’s rising debt burden, the speed of accumulation under the current administration had intensified concerns over fiscal sustainability.
“President Bola Tinubu’s administration has added a further N65.9 trillion in just two years. To put that in perspective: it took Nigeria’s first 55 years of independence to accumulate N12 trillion in debt. The current administration has added more than five times that amount in 24 months,” it argued.
It recalled that Nigeria briefly became almost debt-free externally after the administration of former President Olusegun Obasanjo secured an $18 billion Paris Club debt relief package in 2005 and paid $12 billion to extinguish about $30 billion in external obligations.
Tenses: Atiku should throw his weight behind OK ticket. That's the only way he can get back at tinubu.
Why do you think he wants to get back at Tinubu, rather than getting our country back on track with prosperity, peace and stability with cheap petrol, cheap dollars and less debt burden that we had for 16 years of PDP?
All that changed when the master strategist of Nigerian politics begged Buhari to make Jonathan a one term president.
IamAtAnger: Bitterness has eaten so deeply inside most Nigerians. Prompting division and disunity
Was the bitterness triggered by the leaders looters of Oshiomhole’s Assembly of Past Criminals, APC in their desperate fight for power, which they grabbed and ran with to make Jonathan a one term president in favour of Buhari 11 years ago
anonimi: What group of politicians is more wicked than A-looter Propaganda Conmen, APC
vr0xen: Atiku should go and rest jooor. Instead of you to cool down and allow Jonathan do 10 years then take the power smoothly you followed your useless Fulani agenda and helped buhari win election so that what will actually happen? So that buhari will give you power for Fulani to do 16 years. Atiku doesn’t have brains. You had the opportunity to impeach obasanjo you didn’t. Now use wike as your vise you still refused and took okowa who is now in apc. Dude should go and rest he doesn’t have brains at alll
What is this your balablu bulaba confusion about?
Atiku waited for Obasanjo to do a second term in 2003, did Baba Iyabo hand over to him in 2007, or he tried and failed to get a 3rd term for life president?
What happened to your Fulani agenda 23 years ago?
Atiku truly does not have your kind of 🧠.
aieromon: According to sources available to us that time, Obasanjo said he will do a single term but after that, he decided to go for second term. I was physically present at Rivers state Governor’s Lodge when the heat became too much and Obasanjo in the presence of all of us knelt down in front of Atiku begging him to allow him do a second term. I think that was how Atiku missed the opportunity by agreeing to Obasanjo’s plea. His thought was that at least, if Obasanjo completes his second term, he will hand over to him but you all know the story of Third Term Agenda and that was how they fell apart. Atiku had the best opportunity to become president in 2003 and lost it. He had the support of PDP governors then.
Around November 2002, 15 of the 21 Governors from the PDP including me, had an ad hoc meeting at my lodge in Abuja to decide who should be nominated by the Governors Committee for election by PDP as the presidential nominee for the 2003 Election.
The Governors Committee decided almost unanimously to get a new candidate instead of President Obasanjo as the Committee was of the view that because of his military background, he was intolerant of dissent and had displayed very dictatorial and vindictive tendencies against those he perceived to be independent-minded and disloyal to him.
Immediately after the Governors meeting, I led the delegation of Governors to meet the then PDP Chairman, Chief Audu Ogbeh, at his residence around 2 am.
As the leader of the delegation, I spoke and communicated the views of the Governors to the Chairman, which was that the Governors had decided not to support President Obasanjo as PDPs nominee for the 2003 General Election.
The party chairman tried to persuade us to review our decision but when he saw our resolve, he told us that he would inform the President. I was later informed by Chief Audu Ogbeh that after we left his house he put an urgent call to the President and informed him of our decision.
What then followed were intense consultations before the PDP annual convention which took place in January 2003. Two days before the party convention, the Governors had a breakfast meeting with President Obasanjo.
I recall that at that meeting, the then Vice President Alhaji Abubakar Atiku told the President in the presence of the Governors that he was known to be very dictatorial, vindictive and unforgiving. The President appealed to the Governors to support him and assured both the Governors and the party leadership that if he was allowed to continue for the second term, he would adopt a more democratic approach.
On the basis of the President's assurance, given at that breakfast meeting, I led the move for the Governors to support his presidential nomination for the second term. However, notwithstanding my support for President Obasanjo's nomination for a second term, the President after the nomination, acted very shabbily towards me.
When I met him soon after the convention, he told me that he had learned that I had put forward the view that he was unsellable, unmarketable and unelectable. He then vowed that he was going to make sure that I was unsellable, unmarketable and unelectable.
Atiku Camp - Visit Wikileaks and type the following in the search bar NIGERIA: DID VP ATIKU OUTFOX BABANGIDA AND OBASANJO DURING THE PDP CONVENTION?
According to Adesanya, Atiku met the governors the first day of the convention; they urged him to leave Obasanjo and seek the nomination himself. Atiku demurred; he also deflected the suggestion that he join Ekwueme. Finally, Atiku arranged a meeting between Obasanjo and the now irate governors. The governors railed that Obasanjo was hypocritically pursuing them for corruption, while turning a blind eye to corrupt politicians within his own Administration. Atiku supported the governor's position, telling Obasanjo that significant corruption was not the exclusive ambit of the governors and that serious transgressions occurred in the executive branch: he said it would be unjust to focus exclusively on gubernatorial excesses. Assuming the role of mediator, Atiku then asked both sides to affirm their mutual support and cease the antagonism being fueled by elements that wanted to destroy the PDP. The governors agreed to bury the hatchet, if Obasanjo would shelve the dossiers. Having demonstrated his influence with the governors, Atiku continued to play coy with Obasanjo.
In the end, Atiku extracted an extraordinary concession from the President. Obasanjo agreed to relinquish the entire domestic agenda to Atiku, including the appointment of key economic policy-makers. Since Obasanjo focused on the world arena during his first term and aspired for recognition as an international statesman, Atiku said that is where he would like Obasanjo's attentions to remain. Obasanjo would serve the role of a "super Foreign Minister" and ceremonial Head of State. As Adesanya understood the agreement, Atiku would be allowed to direct domestic economic policy while Obasanjo busied himself with debt relief, NEPAD, conflict resolution and other measures to shore up Nigeria's image abroad.
OBJ camp - visit Wikileaks and type the following in the search bar NIGERIA: DIFFERENT INSIDER VIEWS ON THE PDP CONVENTION
The President was dazed, Abayomi recalled. Jarred by the unexpected possibility of defeat, the usually know-it-all Obasanjo eagerly solicited counsel on how to escape the closing vise. Early that day, the dominant theme was to seek a court injunction postponing the convention. Proponents suggested the delay to afford Obasanjo time to marshal support and undermine Ekwueme's momentum. However, this idea was ultimately discarded, partially because of apprehension over the public's reaction. More importantly, the push for an injunction became less urgent when the President's advisors began to sense their man was regaining ground by the hour.
The President owed much of his recovery to his own tenacity and, at times, shamelessness. He pulled out virtually all the stops to clinch the nomination, according to Abayomi. For most of that day, the President's diet consisted of liberal portions of humble pie. The President pleaded and cajoled; on at least two occasions his eyes welled with emotion as he pursued fence-sitting delegates and governors. However, Obasanjo saved his best to keep Vice President Atiku from defecting.
With rumor swirling that Atiku would opt to run with Ekwueme, Obasanjo wasted no time visiting the Vice President's residence. Obasanjo begged, declaring he would not leave Atiku's home unless the Vice President accompanied him to win back the delegates and governors. The performance had the desired effect. Atiku joined Obasanjo in publicly lobbying the conventioneers. While it might not have been Obasanjo's finest hour it was the defining moment of the convention. What had been a suspenseful contest would now turn into a rout.
guass: Direct Primaries were conducted under the watch of David Mark which makes them adulterated. 1. Atiku pls it's not yet the turn of the North, don't do things that will make the Southerners also contest come 2031. 2. Pls Atiku, let there be a united opposition by throwing ur weight behind PO.
Was it the turn of the north when Tinubu made Buhari president in 2015
Did you observed that your post is ignored by majority, it's because you are heading East when everyone is going West. Always trending a parallel path on every discussion
Ṣe ó yẹ kí a sún kí a kọ orí sì ibi kan náà?
Why should everyone be a follow follow person who can’t use their 🧠
Lanrelagboi: Lagos has now crossed the 3 Trillion Naira annual budget mark. Crossed 2 Trillion in 2024.
Memory Lane: the first full-year Lagos State budget (Year 2000) in the 4th Republic was in the region of 40-something billion Naira. And it was described as “unprecedented” back then.
Is there a worse rogue in Nigeria than the master strategist of lootocracy?
From stealing trillions Lagos annual budget instead of employing well paid civil servants to make water available, he has upgraded to Abuja where he claims to have stopped borrowing because of making more revenue, but actually borrows more than PDP presidents who gave us cheap petrol, cheap dollars, less debt etc.
Ofunaofu: Report: Current Govt Added More Debt in Two Years Than Nigeria Accumulated in 55 Years
• Decries Nigeria’s debt service-to-revenue ratio
•Urges FG to declare fiscal emergency
A new policy brief has warned that Nigeria’s worsening debt profile and weak revenue generation have pushed the country into a dangerous fiscal position, with the current administration accumulating more debt in two years than Nigeria recorded during its first 55 years after independence.
The report, released by the Alliance for Economic Research and Ethics LTD/GTE, a Nigerian policy think tank, argued that the country’s debt crisis has evolved into a governance and revenue emergency, as debt servicing obligations now exceed the federal government’s retained earnings. > > According to the think tank, Nigeria’s public debt rose sharply from N87.38 trillion in June 2023 to N159.28 trillion by the end of 2025, with President Bola Tinubu’s administration accounting for about N65.9 trillion of the increase within its first two years in office.
The organisation in the brief titled: “Nigeria Is Borrowing to Breathe—and the Clock Is Ticking”, noted that Nigeria accumulated only about N12.06 trillion in debt from independence in 1960 up to 2015, meaning the current administration added more than five times that amount in just 24 months.
The report stated that while previous governments also contributed significantly to the country’s rising debt burden, the speed of accumulation under the current administration had intensified concerns over fiscal sustainability.
“President Bola Tinubu’s administration has added a further N65.9 trillion in just two years. To put that in perspective: it took Nigeria’s first 55 years of independence to accumulate N12 trillion in debt. The current administration has added more than five times that amount in 24 months,” it argued.
It recalled that Nigeria briefly became almost debt-free externally after the administration of former President Olusegun Obasanjo secured an $18 billion Paris Club debt relief package in 2005 and paid $12 billion to extinguish about $30 billion in external obligations.
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