₦airaland Forum

Lordave:
Anti Nigerian?

I don't think anyone else can be more anti Nigeria than PMD who said Nigerians are criminals.

Lordave:
Hahahahaha!

Kill yourself!

PMD is an international Almajiri.

tbaba1234:
GEJ sat on the highest average oil prices in the history of Nigeria

Pidggin:
A Newspaper that insults a former president of any country has lost whatever authority it has to explain to any sensible individual because they already appear pety and biased.

Here are a few projects executed by GEJ's administration that positively contributed to the growth of our economy:

- Opening up of Nigeria to the global business community and becoming Africa’s number one destination of foreign investors. In the first six months of 2014, a total of US$9.70 billion or N1.51 trillion flowed into the national economy as foreign direct investments (FDI).

- Under the Goodluck Jonathan administration, Nigeria rebased it’s GDP for the first time in over a decade to become the largest economy in Africa, overtaking South Africa and Egypt in the process.

- Proceeds from Nigeria’s non-oil exports rose to 2.97 billion by the end of 2013, up from 2.3 billion in 2010.

- Initiation of the YOUWIN program in 2011. The Youth Enterprise with Innovation in Nigeria (YOUWIN) program generated over 100,000 jobs for innovative unemployed youths across the country in the course of three years.

- Integrated into the international e-commerce community with the approval and reinclusion of Nigeria as one of the Paypal-compliant countries after being banned from using the service at the peak of the advanced fee fraud (419 scams). With Paypal, Nigerians can now pay for goods and services online from anywhere in the world.

- The revival of the dead automotive industry in Nigeria. Global auto giants like Peugeot, Nissan and Hyundai now either assemble or wholly manufacture small cars, Sport Utility Vehicles, trucks and buses at various locations in Nigeria. In addition to that, Innoson Vehicle Manufacturing Company (IVM), Nigeria’s flagship indigenous automaker, begun the sale of their first made-in-Nigeria cars and SUVs in August 2014.

- Nigeria became the first country in West Africa to host the World Economic Forum (WEF) in 2014. It was also the most successful World Economic Forum for Africa (WEFA) in history, boasting of a global reach of 2.1 billion people according to estimates.

- Africa’s richest man Aliko Dangote’s net worth increased from US$2.1 billion at the start of Goodluck Ebele Jonathan’s administration to US$23 billion in 2014, making him Forbes’ richest black person in the world and the overall 26th richest in the world. He attributed this mammoth increase in his monetary worth to Goodluck Jonathan administration favourable economic policies.

- Construction and beautification of many federal roads in the country, including the Lagos-Benin expressway, Abuja-Lokoja expressway, Enugu-Abakiliki expressway, Onitsha-Owerri highway and most parts of the Enugu-Port Harcourt expressway. Also, construction of the second Niger Bridge between Onitsha and Asaba to relieve the pressure on the old Niger Bridge which was completed in December 1965.

- Revival of the comatose railway system of transportation in the country is happening under the current Goodluck Jonathan administration.

- Remodelling, beautification and standardization of airports across the country. In addition to that, aircraft from Nigeria are now allowed to fly directly to the United States of America instead of going through many stopovers in Amsterdam and some other European cities along/in the route. The Akanu Ibiam Airport in Enugu was upgradede into an international airport, directly connecting the South-East region of the country to the outside world for the first time since independence.

- Establishment of nine federal universities across the country in states which previously had no federal degree awarding institution.

- Computerizing education in the country with the introduction of the computer-based test (CBT) which is mandatory for all UTME candidates from 2015.

- Introduction of the Almajiri system of education in the academically disadvantaged Northern parts of the country.


- Transformation of the agricultural sector, so that, in the words of Agriculture minister Akinwumi Adesina, “Nigerians will stop thinking of agriculture just as a means of livelihood, but more as a business.”

- Nigeria's food imports reduced by over 40% as of 2013, moving the country closer to self sufficiency in agriculture.

- Nigeria is the world’s largest producer of cassava with an output of over 45 million metric tonnes in 2014 according to the Food and Agricultural Organization of the United Nations (FAO).

- Due to favourable economic policies, Internet penetration in Nigeria has now increased from about 45 million in 2011 to 63 million in 2014, overtaking countries such as the United Kingdom and France in the process. What this means is that more people now use the internet in Nigeria than in the UK and France.

- As of the second quarter of 2014, the number of registered active telephone lines in Nigeria stood at 130 million out of a total of over 170 million telephone lines.

- Introduction of the Nigerian electronic identity card (e-ID card), one of the most secure in the world d the largest in Africa. The e-ID card serves as both an international identification module and an electronic payment solution.

- Introduction of the cashless system which aims to encourage the use of e-payment systems in the country and reduce the volume of physical cash in circulation.


Anyone who believes that economic growth can occur regardless of government favorable policies or developmental actions is rather unintelligent in my opinion.

saintloveren:
OMG chai wats the difference between a politician and a pastor?

Bluezy13:
Buari gradually becoming international president...
hehehe...

Disneylady:
I think this is the president of East Germany, President Michelle is for west Germany

Adebowaletunji:
blame game....thats why we voted u to change things from happening the old way...blame game everyday

or who is thinking what am thinking that they want to use it as a justification for their travels and waste more money

#retards

OrlandoOwoh:
The change is in Buhari travelling with 20 people where Jonathan travelled with 200 people.

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

dckng16:
Oga Lai Muhammed keep blaming Jonathan for everything.

SouthernBreeze:
So how much has bubu spent on travels in the past 9 months?. This government is the biggest joke ever, we saw this coming and we spread the message, they tagged us 'wailers'. Thank God we're being vindicated everyday. Hypocritical government

modath:
Oh oh, I don't know? Shebi na you be the repository of wisdom, knowledge & understanding?

Ok school me on FAAC, JAC et al, cos everyone on NL is stupid & need your "holy grail foto" for commonsense!

modath:
Cc ; Anonimi, get new fotos to post when you want to mention "MO" you can't post same redundant & overplayed foto of Amaechi et al "pressuring" IB & Madam Gele to liquidate excess crude account...pause for a second & introspect about Hero's motives for capitulating...

Clueless wasn't thinking of Nigerians, he was only dancing to the governors' tune in order to keep them sweet & get their support for an undeserved 2nd term...

[size=14pt]Tinubu Tackles FG, CBN On Excess Crude Oil Sales Account[/size]
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 [size=14pt]disagreed with the CBN's position that release of the excess crude reserves to the states and local governments, though legitimate, [/size]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

wristbangle:
It's a pity that hatred has ruined some people's intellect to comprehend this article.

They said NNPC raised importation of fuel due to pipeline vandalism.

989900:
At the current price of N86.50 per litre in petrol stations across the country, the country is making an extra N16.18 per litre.

ajbabs:
The other time, refineries are working at 60%. Just of recent, only Kaduna refinery is working. Niw , none is working.

Sleaze in Amnesty Office's N48bn Expenditure in Five Months Exposed


https://cdn.akamai.thisdaylive.com/0bef99d6-acf5-4e2c-9779-8fa02ba3fcd4/assets/310715F-Paul-Boroh.jpg?maxwidth=400&maxheight=540

Brig-Gen. Paul Boro

• Report shows Boro spent N157.2m on armoured, other cars, N510m on 150 ex-militants to take UTME in two months


More from: http://www.thisdaylive.com/articles/sleaze-in-amnesty-offices-n48bn-expenditure-in-five-months-exposed/231558/

sdindan:
Was expecting this .
one week, one corruption case to take us to the new week
and make us to forget our economic brouhaha
and Bokoharam killings.
APC IS A SCAM!

kennyman2000:
Lalastica. Pls, let this be on frontpage. Let people be aware of how banks are ripping off customers in the name of stamp charge.

cc: omenka,dunkem,gboliwe,Amtaken,Clerverly,WhoRUDeceiving,Keneking,anonimi,LordAdam, Missy89

arresa:
Smh.....is this the thief?

Firefire:
Fellow Nairalanders, in response to Fashola comments below on not receiving enough support from the federal government to complete the Lagos light rail project.

[size=15pt]
"Fashola said all over the world, when cities and states build municipal rails like what Lagos is doing, their central governments support them morally and financially"[/size]

https://www.nairaland.com/2120455/cant-complete-lagos-light-rail

Few months ago same Fashola said this:


[size=15pt]Lagos: How We Spent N160bn World Bank Loan on Light Rail Project[/size]

The Lagos State Government yesterday justified the N160 billion it borrowed from the World Bank, noting that the fund was channelled to finance its light rail (blue line) project.

However, the state government expressed disappointment at the progress of the project, which it said, was not executed as smoothly as possible, but was optimistic of its completion.

The state Governor, Mr. Babatunde Fashola, said this shortly after inspecting the light rail terminus at the Orile-Iganmu part of the state alongside some members of the state executive council.

Speaking with journalists, Fashola said the project would have been completed in another 12 months despite that the project execution was not as smooth and speedy as he wanted it.

The governor raised questions on the intention of the federal government for publishing the state debt profile in the recent time, wondering what could have informed the decision to make it public.

He said: “I think it was the Debt Management Office of the federal government that published the report that we have a debt of about N160billion. I do not know the intent of the publication.

“But if it was to inform the public, I think we have always kept the public informed anytime we borrow money. If there are other intentions behind that, only those who make the publication would know what the intentions are.

“But you see, when people talk about debt of a state like Lagos, they forget that after Nigeria, South Africa, Egypt and one other country, we have the fifth largest economy in Africa.

“When you are talking of about a billion naira debt to a population of over 21 million people; because if you are measuring the debt, you also have to measure the responsibility. Those are the things people keep in isolation.”

He, therefore, explained that the state government already “has in place, strategies to repay the loan. The federal government was in the know of the state’s decision to take the bond and it approved it.”

[size=15pt]He added that the truth “is that what they do not also say is that no state in Nigeria can borrow money outside, from any multilateral agencies without the approval of the federal government.[/size]

“What they did not say is that they approved it. No state can raise money by bond the way we have done without the federal government’s approval. [size=18pt]Both SEC and NSE are all federal regulatory agencies through which we must pass. If they said okay, it means there must be something good about the debt.
[/size]

“Our rating as a state is the same as that of the Federal Republic of Nigeria, BB minus-stable with a positive outlook. We are the only state in Nigeria that has that rating. The first bond that was taken during my first tenure has been paid; the first tranche has been paid.

“I think the second tranche will be settled around 2016 or 2017. We are already making provisions. The provisions that will be there will be in excess of what is needed,” the governor said

Fashola expressed satisfaction on the progress of the light rail project, though decried the petty delay that was encountered as a result funding, saying the project would have should have been completed in another 12 months.

http://www.thisdaylive.com/articles/lagos-how-we-spent-n160bn-world-bank-loan-on-light-rail-project/188736/

eaglechild:
We can't complete Lagos light rail project

We obviously can't complete Lekki international phantom airport.

And you will be the biggest fool to think that we can complete Eko Atlantic.

Use your head people where do you think we are getting all the money we are using to sponsor Buhari


www.nairaland.com/attachments/2079192_fasholaa_jpegfc425dbc9482db4d2098e4dd5e8bee75

Iroh88:
Buhari shouldn't hesitate in firing all the undercover Goats that are bent on reviving the culture of pillaging our Yam barn

arresa:
This clown should be fired right away....

This is what you get when you hire the son of thw soil from that region, they all have ibori tendencies...

obailala:
All I see from this report and thread is a desperate bid by the wailing lovers of corruption to drag Buhari's name into their cesspit of corruption. If an employee of Buhari decides to steal, he will be investigated and brought to book.

balash:
Daddy Is back Home

chronique:
Isn't it funny that the only genuine elections held,were the ones that produced APC governors(according to the APC)? Like seriously,how do these guys think?