₦airaland Forum

aieromon:
http://businessdayonline.com/2014/04/deceit-incompetence-corruption-prevent-530m-aba-power-project/

joseph1832:
Oh kay give me details as to the money shared between PMB(FG) and the state governors. And please don't mention the ECA fund disburse by the FG to help the state governors pay salaries because that act done by PMB is really saving for 'a rainy day'.

Mogidi:
Can you provide any link to their objection pre MAY29th?

barcanista:
As at August 2010 the ECA was meagre N450 million (N70billion). Where do you think the N6.21 trillion shared between 2011 and 2014 came from? Where do yu think the $2billion used for subsidy and balance $2billion come from? How can you say GEJ didn't generate then? Na common sense thing... How much did Yar'adua remain $6.5 billion which is just slightly above N1trillion. Common sense should tell you that all the N6.21trillion was generated by GEJ in addition to the $2billion leftover and $2billion used for subsidy.

Perhaps the N6.21trillion that was shared was generated by Buhari.

asha80:
aba was supposed to be carved out from the eastern bloc for the geometric power to supply constant uninterrupted power..that was what it was supposed to be when the geometric power was built..when nnaji became power minister it was supposed to be cemented until he was removed and power privatization was done..emela offor won the bid for Enugu disco but somehow with his connection to sambo aba district was included in the Enugu disco division which meant that geometric power already built became redundant

LoveMachine:
Not seeing any European names in this article makes me far less skeptical than I would usually be. May this be beneficial for us all.

asha80:
The only thing I want to know is if the issue with eedc over aba has been resolved

canalily:
What of if he rapes?

OkutaNla:
Na you catch Tinubu with drugs? I guess you must be mistaking or confusing him with one of your SE brethren that are being busted for drug-dealing daily and sentenced to death in Asia for trafficking.

Nigerians To Get Loans For Locally-Assembled Cars
July 4, 2014

From November, Nigerians will be able to purchase brand new cars assembled in the country without having to pay in full for them as the Federal Government’s vehicle acquisition finance scheme would have taken off then.

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, made the announcement at a press conference in Lagos on Thursday.

According to the minister, the Federal Government is currently discussing with local and international financial institutions on how to make the scheme achieve the aim of making made in Nigeria cars affordable.

Though the details are still being worked out, our correspondent gathered that the government was encouraging the partner banks to make available loans for vehicle acquisition at not more than 10 per cent interest rate repayable over four years.

Aganga said, “The government is working on an affordable vehicle acquisition scheme, which will be launched in four months’ time. We are looking at an affordable interest rate of not more than 10 per cent against the current interest rate regime in the banks, which is over 20 per cent.

“We are currently engaging local and international financial institutions to provide the funds. People should be able to pay over four years at 10 per cent. We are still discussing; we have not yet finalised the details.”

However, the minister ruled out the option of the government providing the seed fund for the scheme, explaining that the banks would rather fund it, but that the government was working with them to reduce the interest rate payable on the vehicle acquisition loans.

The attraction for the banks, according to him, is that the scheme will represent a commercial opportunity for them, as many Nigerians will be able to buy brand new vehicles assembled in the country, with the multiplier effect of more citizens being employed by the assembly plants.

Aganga gave an assurance that the local vehicle manufacturers and assemblers had enough capacity to meet the expected upsurge in demand for new cars and would not increase the prices of their products.

According to him, the Nigerian Automotive Industry Development Policy will create thousands of direct and indirect employment opportunities by ensuring the revival of moribund vehicle assembly plants in the country and will raise the standard of living of the citizens.

The minister was joined at the briefing by the Executive Director, Nigerian Automotive Manufacturers Association, Mr. Arthur Madueke; Managing Director, PAN Nigeria Limited, Mr. Ibrahim Boyi; Managing Director, Leyland Nigeria; and Director-General, National Automotive Council, Mr. Aminu Jalal.

Aganga used the occasion to deny insinuation that the tariff on imported vehicles had been increased to 70 per cent, adding that importers of new and used vehicles, who had keyed into the new automotive policy, would only pay 35 per cent of the vehicles’ costs, while those outside the arrangement would pay an extra 35 per cent levy.

He said, “The rumour that the Federal Government has increased the tariff on imported cars to 70 per cent is incorrect and misleading. The Nigerian Automotive Manufacturers Association has already assured the government and all Nigerians that there is adequate stock of imported vehicles and that its members have not, and will not, increase the prices of imported vehicles.

“Nigeria is the only country in the world where used vehicles were not banned following the introduction of the new automotive policy. This is because President Goodluck Jonathan, before announcing the new policy, had taken into consideration the current socio-economic conditions of the average Nigerian and will not want to come up with any policy that will inflict more hardship on them.”

Aganga added, “The new automotive policy has been structured to encourage Original Equipment Manufacturers to invest in Nigeria to create jobs and develop our economy because we realise that for every car that we import into Nigeria, we are creating jobs for other countries.

“After consultations with all the stakeholders in the automobile industry, the government came up with different tariffs, which include zero per cent for Completely Knocked Down vehicles; five per cent for Semi Knocked Down 1 vehicles, and 10 per cent for Semi Knocked Down 2.”


From: http://www.businesstodayng.com/nigerians-to-get-loans-for-locally-assembled-cars/

flofields:
Good news.
I hope Nigeria can devise car finance scheme to encourage car ownership away from unreliable second-hand ones being dumped on our market.

Nigerians to get loans for locally-assembled cars



https://punch.cdn.ng/wp-content/uploads/2012/10/Minister-of-Trade-and-Investment-Mr-Olusegun-Aganga-360x225.jpg




From November, Nigerians will be able to purchase brand new cars assembled in the country without having to pay in full for them as the Federal Government’s vehicle acquisition finance scheme would have taken off then.

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, made the announcement at a press conference in Lagos on Thursday.

According to the minister, the Federal Government is currently discussing with local and international financial institutions on how to make the scheme achieve the aim of making made in Nigeria cars affordable.

Though the details are still being worked out, our correspondent gathered that the government was encouraging the partner banks to make available loans for vehicle acquisition at not more than 10 per cent interest rate repayable over four years.

Aganga said, “The government is working on an affordable vehicle acquisition scheme, which will be launched in four months’ time. We are looking at an affordable interest rate of not more than 10 per cent against the current interest rate regime in the banks, which is over 20 per cent.

“We are currently engaging local and international financial institutions to provide the funds. People should be able to pay over four years at 10 per cent. We are still discussing; we have not yet finalised the details.”

However, the minister ruled out the option of the government providing the seed fund for the scheme, explaining that the banks would rather fund it, but that the government was working with them to reduce the interest rate payable on the vehicle acquisition loans.

The attraction for the banks, according to him, is that the scheme will represent a commercial opportunity for them, as many Nigerians will be able to buy brand new vehicles assembled in the country, with the multiplier effect of more citizens being employed by the assembly plants.

Aganga gave an assurance that the local vehicle manufacturers and assemblers had enough capacity to meet the expected upsurge in demand for new cars and would not increase the prices of their products.

According to him, the Nigerian Automotive Industry Development Policy will create thousands of direct and indirect employment opportunities by ensuring the revival of moribund vehicle assembly plants in the country and will raise the standard of living of the citizens.


More from: http://www.punchng.com/business/business-economy/nigerians-to-get-loans-for-locally-assembled-cars/

bettercreature:
Nonsense! 1000 per annum as if that is the number they are producing in developed countries

Positiveminds:
GEJ'S HANDWORK STILL SPEAKING. GOD BLESS GEJ.
SOON APC gays WILL CLAIM THE GLORY

Dav24:
Let her give us a break down on how the payment was made to various makerters and their bank accounts for record purpose.

billyG:
Let d probe begins both internally & internationally,so every money they stole they will tie it to oil subsidy,oil subsidy has become a black hole,sebi she told us b4 that she shared d money with govnors.see our she is disgracing herself is she not a member of transparency intl?

Fuel Subsidy Scam: Senate Releases Names Of Cabal
DEC 02, 2011

Oando Oil, CONOIL, African Petroleum and MRS Oil are among the powerful players in the petroleum sector that have shared over N3.655 trillion between 2006 and September 2011 in pursuit of importation of refined petroleum products.


More from: http://saharareporters.com/2011/12/02/fuel-subsidy-scam-senate-releases-names-cabal

MzJackBaueress:
what's this one saying? It was better you just kept quiet and stop fooling yourself like b.arcanista.

Mtscheeew!

Okonjo-Iweala unable to account for $1.03b ECA fund, as subsidy gulps N1.4t
NOVEMBER 4, 2013


According to Okonjo-Iweala, the balance in the ECA stands at $4.3 billion, adding that the “primary use is in the payment of oil subsidy for the country….
“Money goes in and comes out almost immediately.
“It’s a federation account matter.
“It belongs to all tiers of government.
“When we pay subsidy, it belongs to all tiers of government.
“So, the FG, states and local governments are all partakers.”


More from: http://theeagleonline.com.ng/okonjo-iweala-unable-to-account-for-1-03b-eca-fund-as-subsidy-gulps-n1-4t/

nduchucks:
There is nothing unbelievable about this story and only a blind man or one in denial would be oblivious to the fact that GEJ's campaign was financed by these kinds of illegal withdrawals.

I hope you'd agree with me that, if this story turns out to be true, both GEJ and Iweala should be prosecuted. Lets put tribalism and politics aside for a minute - acts such as these should not go unpunished. It is slowly becoming clearer why PEJ was urging her supporters to vote for her husband because she does not want her husband in prison.

I sincerely hope GEJ would clear this up ASAP, else he may be the first past head of state to go to jail.

MzJackBaueress:
TANoid,you have nothing to say?

Image123:
I'm not aware of such blame. BTW, the past government is not an outsider, most of the issues on ground started under them.
Also to add, indeed the army was initially going about the boko haram fight the wrong way. They were killing and arresting many innocents. This is not just buhari's opinion but a fact attested to by amnesty international and many other international bodies and news agency.