tuborme: The Legacies of one man! And some don’t want thesame feat replicated all over the country because Peter Obi is an Igbo man! This man was intentional about bringing people out of poverty using security, education, health and agriculture as KPI during his administration. He went to the extent of investing money in private schools…
Gbajue Pandora man has nothing to do with the private school in this story.
His legacy was using government money to invest in shayo beer company owned by his family.
Real wayo man.
SATANICALLY: In a 2018 interview, Peter Obi said he invested $20 million in International Breweries on behalf of Anambra state as a governor.
Obi’s claim was in response to questions on economic development, Anambra politics and his presidential ambition.
“… Anambra state is the single-highest shareholder in that facility. I invested in it, over $20 million,” Obi had said.
“It is worth almost $100 [million] today. That’s what government should do.”
TheCable had previously fact-checked some of the claims.
Chukwuma Soludo, governor of Anambra, also debunked a recent statement ascribed to him regarding the investment.
International Breweries (IB) Plc is a subsidiary of the world’s largest brewer, Anheuser-Busch InBev (AB InBev) — a multinational drink and brewing giant based in Leuven, Belgium.
In its 2021 audited financial statement, the company said it holds 43 percent economic interest in International Breweries Plc, a publicly listed company in Nigeria.
According to a report by The Nation, AB InBev merged its Nigerian operations under a single corporate entity in 2017. It had three indirect Nigerian subsidiaries — International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited. SABMiller Nigeria Holdings BV — another subsidiary of AB InBev — was also a major stakeholder in Intafact and Pabod.
ANAMBRA’S INVESTMENT
In a statement made available to TheCable on Tuesday, Ifeatu Onejeme, Anambra’s commissioner of finance, confirmed that Peter Obi’s administration invested the sum of N1,955,535,247.00 (an equivalent of approximately $12,616,356.43 at the then average CBN exchange rate of N155.00/$1) in Intafact Beverages Limited, a green-field brewery set up in Onitsha by SABMiller Breweries of South Africa in 2012.
Onejeme added that the state government still holds 407,321,264 ordinary shares of International Breweries Plc in exchange for the Intafact Beverages Limited investment.
“Based on the NGX closing price of N5.50 as of 20/6/22, these shares were valued at N2,240,266,952 on that date,” the statement reads in part.
“Based on the Central Bank of Nigeria I&E exchange rate of N415.75/US$1.00 on same June 20, 2022, this investment was valued at an equivalent of approximately US$5,388,495.37 (and at N604/$1.00 parallel market rate, only US$3,709,051.24).”
Omalicious1: How far for India, UAE and The Netherlands? Shay they promised BAT that they would invest in Nigeria?
All the propaganda balablu noise of immediate this, immediate that has lule inside the lagoon, which is what ThiefNuibu's Oba in Lagos wished for Igbos in 2015 if they fail to vote for Ambode then.
Almost one year, nothing to show for their immediate noise.
[quote author=wwwihy post=125726830]PRESIDENT TINUBU SECURES LANDMARK DEAL WITH UNITED ARAB EMIRATES ACROSS SECTORS; VISA BAN ON NIGERIAN TRAVELERS IS LIFTED IMMEDIATELY
President Bola Ahmed Tinubu and President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, on Monday in Abu Dhabi, have finalized a historic agreement, which has resulted in the immediate cessation of the visa ban placed on Nigerian travelers.
Furthermore, by this historic agreement, both Etihad Airlines and Emirates Airlines are to immediately resume flight schedules into and out of Nigeria, without any further delay.
As negotiated between the two Heads of State, this immediate restoration of flight activity, through these two airlines and between the two countries, does not involve any immediate payment by the Nigerian government.
In recognition of President Tinubu's economic development diplomacy drive and proposals today presented by President Tinubu to his counterpart, an agreed framework has been established, which will involve several billions of U.S. dollars worth of new investments into the Nigerian economy across multiple sectors, including defense, agriculture and others, by the investment arms of the Government of the United Arab Emirates.
Additionally, President Tinubu is pleased to have successfully negotiated a joint, new foreign exchange liquidity programme between the two Governments, which will be announced in detail in the coming weeks.
In conclusion, the President wishes to commend the UAE President, Mohamed bin Zayed Al Nahyan, for his unalloyed friendship and his determined effort to join hands with him to fully normalize and reset to excellence, the standard of relations between the two important countries.
rantingpigs: Tinubu has made the country unattractive for foreign investments. Such a big definition of a failure Promax..
All the balablu town hall noise of he built Lagos solely to the 5th economy has been exposed for the propaganda lie that it is.
He has elevated his Chicago tax & thief modus operandi from Lagos to Abuja federal.
25 years of looting Lagosians with nothing to show has turned the metropolis into a gutter ghetto.
itubaba001: Lagos, the commercial hub of Nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.
Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019. > > The EIU examines the quality of health care, education, infrastructure, stability, and culture when assessing living conditions of each city. More than 30 factors are taken into account when calculating each rank, which are then complied into a weighted score between one and 100.
eweqwatr: France is their former colonial master. When Nigeria start having good leaders, everybody will throw their doors wide open to us. Till then
Is France the former colonial master of 35 countries? Which countries are these 35
Dangote's problem is that of black elites who fail to realise that a tree does not make a forest, so he is essentially an extreme poverty pauper like most of his Kano almajiri people and other Nigerians.
He is actually saying it from a very bias point of view
The same biased POV that ThiefNuibu spoke from here
Highways: Where Are The Cows? Is Evans A Herdsman?'
When Funke Olakurin, daughter of Afenifere leader, Pa Reuben Fasoranti was murdered instead of Bola Tinubu to make sure that the perpetrators were brought to book, he ended up making fun of the death of the young lady by turning everything into tribalism by showing his hates for Igbos.
Tinubu has never spoken against the deadly activities of Fulani herdsmen across the country
The same stand Adeyinka Grandson gave on the death of Fasoranti's daughter is where Tinubu, the leader of the Yoruba Conservatives stands. Please see Tinubu's video below. pic.twitter.com/COhiSvabqW
— Adeyinka Grandson (@deyinkagrandson) July 14, 2019
Mrs Olakunrin died of gunshot wounds in July 2019 after her vehicle was attacked by armed men, suspected to be marauding Fulani bandits whose violent activities had reached a frightening level across the southwest states.
Those arrested suspects include Lawal Mazaje, 40, from Felele area of Kogi State; Adamu Adamu, 50, from Jada area of Adamawa State; Mohammed Usman, 26, from Illela area of Sokoto State and Auwal Abubakar, 25, from Shinkafi area of Zamfara State....
However, the leader of the team, identified only as Tambaya, and three others are yet to be found.
Tambaya has been declared wanted by the police and he is said to be capable of communicating in Hausa, Fulfude and Pidgin English.
Quintessence44: Nigeria is one of the most under-taxed countries in the world.
IF WE DON'T PAY TAXES WE CANNOT EXPECT IMPROVED SERVICES.
The reason LAGOS has been the leading state for many years now in terms of development is because they vastly increased their tax revenues.
That ILLITERATE MALLAM should shut his Gworo-chewing lips, and go learn how a modern economy works.
Lagos leading in the country that is the extreme poverty capital of the world with the highest number of children out of school?
What is their to be proud of a glorified ghetto run like the Chicago mafia did- choking out the residents'life with taxes, levies, fines etc to raise IGR without raising the standard of living accordingly
itubaba001: Lagos, the commercial hub of Nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.
Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019. > > The EIU examines the quality of health care, education, infrastructure, stability, and culture when assessing living conditions of each city. More than 30 factors are taken into account when calculating each rank, which are then complied into a weighted score between one and 100.
gozmok1: Druggie Said he will start from where the vegetable stoped
Birds of a feather continue flocking together with APC change that is now seen as enikanlomo shege promax.
LieDetector: President Muhammadu Buhari has urged Nigerians to ensure continuity of his regime by voting for the All Progressives Congress (APC) in the 2023 presidential election.
“The forthcoming general elections will provide us with the opportunity to convince the electorate of the need for continuity to enable our party to consolidate on our achievements in the last 7 years,” Mr Buhari said.
The president, according to a statement by his spokesperson Femi Adesina on Friday, disclosed this while receiving a delegation from Nasarawa State. “The Government and people of Nasarawa State, as usual, have a great role to play in returning our party to governance in the 2023 elections, in order to create a path for greater socio-economic growth and development.
“This is not only important for Nigeria alone but also for the West African Sub-Region,” the president was further quoted as saying.
SoNature: Festus Keyamo, leadership is beyond coming on TV to speak English and run your mouth. You have been a minster for about 9 years now; you no go die if you make a huge positive impact.
He has made a huge positive impact for himself as shown below.
Festus Keyamo the official spokesperson of the Nigerian President Elect and also the Minister of State for Labour. Has rattled the twitter space, when he made a post showing himself juggling in front of a house in the US.
In the tweet Keyamo was thanking President Buhari and Bola Tinubu who is the Nigerians President Elect for a well deserved vacation.
He went on to say, keeping fit in his neighbourhood, may 29th on his mind.
After Keyamo made the tweet, trust Nigerians to react to it. He has been accused of syphoning govt money to aquire the property which was estimated to be 400,000 usd. They also said why didn't he aquire the property before becoming a Minister.
Do you think that Reno sniffed some of the white stuff from ThiefNuibu before writing what you just shared
itubaba001: Lagos, the commercial hub of Nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.
Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019. > > The EIU examines the quality of health care, education, infrastructure, stability, and culture when assessing living conditions of each city. More than 30 factors are taken into account when calculating each rank, which are then complied into a weighted score between one and 100.
Is that the result of Mbadinuju, Ngige, Obi, Obiano and now Soludo stealing the people's commonwealth instead of employing workers to create the enabling environment for private businesses to invest and produce things so Anambra people don't go to Lagos to be a bloody nuisance forming no man's land?
An idle mind is still the devil's workshop, not so
That is what Fashola taught him at the beginning of his term.
Tax the people to hell, do a few shiny project but fail to employ workers for services and utilities like pipe borne water in all homesteads and businesses, schools etc.
If it worked on smart Lagosians since 1999, why won't it work on Anambrarians for Soludo's benefit
Lawmaker scores Lagos Water Corporation low
A Lagos State lawmaker, Mr Saka Fafunmi, on Thursday expressed dissatisfaction at the performance of the state Water Corporation.
Fafunmi, a member of the Lagos State House of Assembly (LAHA), said in Ikeja that the corporation had not been able to justify statutory allocations to it.
The lawmaker, who represents Ifako-Ijaiye Constituency 1 at the assembly, spoke to the News Agency of Nigeria (NAN).
He said that the corporation had the capacity to generate much fund internally through water rates but had relied solely on government funding because of poor performance.
'' Anyone that is using water will be willing to pay for it; the corporation has not been giving us water.
"Is there any new community that Water Corporation has given water? People depend on boreholes; even government estates have industrial boreholes.
"Why do we keep pumping money into an agency that does not give us the desired results?'' he asked.
He noted that the Adiyan Waterworks was located at Ifako-Ijaiye, where many of the residents had resorted to digging boreholes as a means of getting water.
''A lot of people are falling sick because they don't drink clean water.
''In the same compound, where you have sewage, is where you have a borehole.
''There is no way you can manage the sewage that it will not leak and pollute the water; everyone drinking such is drinking contaminated water,'' he said.
The lawmaker urged the corporation to increase water reticulation and supply to residents.
yarimo: Comrade RENO Nigerians are just always happy with you . Bitter Obidients will soon invade this thread with insults
The same way that Reno insulted your tin-god ThiefNuibu
Ofunaofu: In June 2022, Reno Omokri made a post on his Twitter handle, now X, accusing Tinubu of being a known drug lord. He even challenged Tinubu to take him to court if he truly was never involved in the heroin drug ring in the United States between 1991 and 1993.
It's been two years now, and Tinubu has yet to institute a court case against Reno Omokri.
idealogical: Are you talking about any infrastructure in particular because you are going in circle with zero specifics.
You think the best way to go is to invest in education and healthcare, news flash, how do you invest in education without building schools and educational infrastructure to provide quality education?
How do you invest in healthcare without building hospitals and strong healthcare institutions? Are they not all infrastructures?
Btw, don't you need good roads and bridges to transport people or create access to education and healthcare?
You are defeating yourself with your own argument?
Between QUALITY infrastructure for education and quantity EMPLOYMENT of workers for the sectors, which is MORE important for STARTERS
WantsandMore: with the misleading headline he opened the thread with, he just wants to put Nigeria in a negative light at all cost
So you suggest he amends the headline, which won't change the fact of the improved inflation situation in Argentina unlike the worsening crisis in our own country?
MEEVEET: The funny thing is this is easy to do very easy
All you need to do is to reduce lending interest from CBN to banks... To say 2% as long as they meet certain criteria
1) loan must be to the real sector import substitute produce and export produce
As long as product is produced below landing cost for import substitute and average internation price for export produe
2) reduce import duty for raw materials such as steel, fabric, grains, and chemicals
3) streamline export process and remove completely export duty
4) suspend all unnecessary infrastructural projects... Just focus on education, health n maintaining roads
It's not rocket science this is what Peter Obi has been saying since 2019
Was that when he was a member of PDP before wicked Wike chased him out to the communist labourers LP camp
Such a desperate, despicable gbajue Pandora fellow who unwittingly made ThiefNuibu realise his Emilokan dream to continue APC's chnage that has been nothing but enikanlomo shege for the past 9 years.
2023: PDP and politics of healing Wike’s self-inflicted injury2023: PDP and politics of healing Wike’s self-inflicted injury
The issue is the bruised ego of Nyesom Wike who feels so wronged he is said to constitute the reason the return of the PDP to power is hanging in the balance. Some other political parties’ leaders are wooing Wike to join them, turning him into a beautiful bride of a sort.
The electoral value and popularity of Wike are not in doubt. Twice, he won the guber election of Rivers, a swing state, by a landslide. In his second term, Wike subtly launched his presidential campaign by inviting many important Nigerians of all walks of life to commission his many completed projects in Rivers state. That way, he earned for himself, deservedly or not, the appellation, Mr Project.
While he hugged the klieg lights and the Nigerian public with the media blitz the hearts of many Nigerians were taking pictures. Apart from his early campaign, which may have been lost on Nigerians, Wike made conscious efforts to ensure that former president, Dr Goodluck Jonathan, remained out of the picture while at the same time chiding him publicly not to join the APC or the presidential race.
In a normal party democracy where party discipline works, it was Goodluck Jonathan’s right of first refusal to fly the PDP flag in 2023. Republicans in the US still look up to Trump. But the likes of Wike whose inordinate ambition to become President of Nigeria turned into huge elephants in the room, trashing and trampling everything on their path, will not allow democracy to take root in Nigeria. Even South Nigeria’s strategic interest and solidarity were nonissues to them. Wike is not alone; Bola Ahmed Tinubu can be seen as also rocking the nation’s democracy with his Muslim-Muslim ticket, which he wants to shove down the throats of Nigerians.
Like Wike, Tinubu said the APC ticket was his and it became his. Wike is saying the same but unlike Tinubu, the PDP ticket could not become Wike’s, and a man whose life ambition eluded him is deserving of public sympathy, and that is what Wike is getting in quantum with his house now like a political Mecca.
But let us leave Tinubu and his suicidal Muslim-Muslim ticket out of this, and focus on Wike whose sense of entitlement is at issue. To be fair to him, Wike’s sense of entitlement is somewhat justified. At one point, he was about the only man standing. He became the main opposition voice and took the bullets for the PDP. It was also the time he pushed in Ali Modu Sheriff, a dyed-in-the-wool former APC governor and senator from Borno, to become the PDP Ag National chairman. Sheriff nearly sank the PDP. Though he might mean well, it nonetheless spoke volumes about how rash the man, Wike, could be.
Wike travelled around the country, paying solidarity visits to the PDP governors who were in distress, and doled out millions in naira as interventions. He similarly visited Sokoto and Benue. He donated N500m to the Sokoto state govt. during a market fire disaster, and N200 million to Benue during one of their numerous Fulani herdsmen massacres. This show of solidarity was what endeared Wike to Gov Samuel Ortom and why Ortom wanted Wike as running mate to Atiku at all costs.
Wike has been a pillar of the PDP and therefore there the party most time since they lost power at the centre in 2015. But PDP has at least a dozen governors that Wike ought to share the burden of keeping the PDP afloat, which include Tambuwal and Ortom who Wike had had to help financially.
The PDP experience has shown there is no political party system in Nigeria in the real sense of the word. What obtains is just an iron law of oligarchy as enunciated in a political theory developed by the German-born Italian sociologist Robert Michels in his 1911 book, Political Parties. He asserted that rule by an elite, or oligarchy, is an “iron law” within any democratic polity, which translates to only a handful of men ruling.
In the political parties in Nigeria, members pay no dues and the party has wage bills for regular staff to pick up and keep the party running. Governors do not care unless there is something in there for them like offering bribes to railroad candidates they want to impose. This was the lacuna that Wike exploited in the PDP and turned into a huge political capital and blackmail tool. To Wike, therefore, the PDP presidential ticket was his for the asking.
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
As it turned out, underestimating Atiku Abubakar, a veteran of many presidential elections dating back to 1993 and former Vice President Federal Republic of Nigeria, was a gross and fatal error of judgement. A day to the D-day, it was clear that Atiku would carry the day and the icing on the cake was his ultimate political sagacity in getting Gov Waziri Aminu Tambuwal, another front runner, to step down for him. This masterstroke, which only the grandmasters can pull off, happened within the last hours into the special convention and Wike had no chance of recovering from such a TKO.
Political gladiators like Wike trust in their chariots and mammon rather than in solidarity and social justice. Though it is said that politics is a complex game, Wike made the same mistake twice. One gathered that he was privy to the voting done by the committee shortlisting the 3 running mates. That action was blackmail against Atiku who was trying to avoid the mistake he made in 2019 in his selection of Peter Obi as running mate. What the committee should have done was give Atiku 3 names and highlight the strengths and weaknesses for each. But instead, they wanted to choose the running mate for Atiku, a role assigned to the presidential flag bearers by the electoral act.
Atiku chose Okowa instead of Wike and by doing so he averted a storm in his presidency should he win with the man as vice president. The Vice president is a subdued office and the occupier is supposed to be seen and not be heard, and in a presidential democracy, the VP is heard through his principal, the President of the country.
Wike, given this job description, though a good and popular man, cannot be a typical or good vice president; he is bound to rear up as another captain on the ship. Atiku averted it.
Atiku also averted the likelihood that Wike would depress the PDP votes in the core North and the Southeast. Wike had pushed certain policies that most northerners have interpreted as anti-north. He went further to tell the Igbos that he is not Igbo. These two factors are bound to crop up in the heat of the campaign and Atiku would find himself defending Wike with the valuable time he would use to sell his manifesto. Atiku’s best decision was therefore not picking Wike.
Unless that is the reason Wike desperately wants the presidency, the only real thing in the vice-presidency for somebody like him is immunity from trial while in office. While he is savouring his new status as the beautiful bride of Nigerian politics, he should equally accept responsibility for his fate. He lost the chance to fly the PDP flag when he worked against the South-East, renounced his Igbo ancestry, promoted anti-north policies and for his impolitic and alienating approach to politics. The injury he nurses, therefore, is self-inflicted for which he should blame nobody but himself.
renythyly: If they tell you that whoever won 2023 election would not have made any difference in our economy, call them liars!
The president of Argentina has massively reduced inflation from 3 digits to single digits in only 5 months!
Some moral lessons Nigerians can learn here 1. School is not scam 2. Tinubu is not a trained economist or accountant as he claimed during elections, he's either an intellectual imposter or most likely a huge fraud. 3. Economics is not rocket science, it is a real science that can only be practised by serious people if you want result.
No wonder the Otta farmer did well on the economy with thoroughbred, private sector focused capitalist Atiku by his side. Unfortunately egomaniac Baba Iyabo foisted Buhari on us despite knowing how clueless he is on the economy.
How do people still see Obasanjo as a patriot, talk less of being an elder statesman
AllTheWayUp: President Javier Milei of Argentina was sworn into office on 10 December 2023. He inherited a worse condition than Nigeria's.
But what he did to return his country to a place where investors are ‘starting to believe’ should serve as a lesson to Nigeria’s Bola Tinubu.
I read a recent report in the Reuters titled: Argentina’s market double down on Milei as investors ‘start to believe’. I took a keen interest in reading the report because I know quite well that Argentina and Nigeria closed the last quarter of the year 2023 on a similar path of economic downturn.
In the case of Nigeria, a new government was installed at or about the middle of 2023, for Argentina, the new government came on board in December.
Both leaders inherited a disoriented economy, but both applied different measures to recovery.
President Javier Milei of Argentina was sworn into office on 10 December 2023. He inherited a worse condition than Nigeria's.
But what he did to return his country to a place where investors are ‘starting to believe’ should serve as a lesson to Nigeria’s Bola Tinubu.
Nigeria is where we are today simply because of what Tinubu has done or did not do.
His shifting the blame on the opposition and, even ridiculously, his predecessor is needless and myopic. Market forces don’t play politics. They respond to your actions and inactions.
President Milei’s major campaign promise was to re-position the Argentine economy after years of slow growth, high debt levels, triple-digit inflation (160% when he took over the Presidency in December 2023) and 40% poverty rate.
His first task was to begin implementing measures to achieve greater macroeconomic stability and promote higher global competitiveness.
He came into the office with a comprehensive stabilization plan, which seeks to implement far-reaching measures within the context of a market-oriented economy.
He started off cutting government expenditure by cutting the size of government and wastages; blocked stealing of government funds, and attracted Foreign Direct Investment (FDI) through concessions, tax holidays, and improved ease of doing business.
President Milei flies regular business class for all his travels and does not offer the presidential fleet of Argentina for his son’s birthday.
Likewise, there is no settlement for his hangers-on and political allies through unwieldy and burdensome appointments to public offices.
Argentina’s Milei did not build the largest government like Tinubu did at a time when our economy was and still on its knees.
The examples set by President Milei are the requirement of leadership in a time when the economy has begun to fail the expectations of the people.
The reforms so far implemented by the Tinubu administration are ad hoc and hurriedly put together without proper review. Ours is unlike Argentina’s Milei, who is sequencing his reforms.
President Milei anticipates the after-reform shocks and admits that things will be tough for the people. But he is fully prepared for the aftershocks and has in place mitigating pills.
He walks the talk. He makes sacrifices himself by giving up perks of office.
It is not business-as-usual for the presidency while the people are called upon to make sacrifices.
Argentina runs a lean government by reducing the number of ministries, privatizing nearly 40 state-owned enterprises, and reducing wasteful spending.
Conversely, Tinubu in Nigeria increased the number of ministers and ministries and is spending enormous resources renovating houses for himself, his deputy, and the first lady.
That is nothing short of Nero playing fiddle while Rome is on fire!
Worse still, Tinubu has refused to roll up his sleeves and do the work that he signed up for. Instead, he and his team are preoccupied with behaving like Napoleon and Squealer, characters in the satire book Animal Farm, who made it a state policy scapegoating Snowball (the opposition) for their own failures arising from their ill-advised policies. grin grin grin
I am attracted to the reforms in Argentina because Javier Milei's stabilization plan bears a similar emblem with my Recover Nigeria Plan.
It is a plan that I am more than willing to disclose details of its workings with the current government in order to take Nigeria out of the depth of hunger and anger that we find ourselves.
The plan includes strategic steps we must take to recover the economy and make it stronger, dynamic, resilient, and competitive.
We had outlined plans to relax the fiscal constraints facing us to include:
• Improving Spending Efficiency and Blocking Leakages • Saving money through: a. A review of fiscal support for non-performing government enterprises and the privatization of those that can not sustain themselves. b. Steps to improve spending efficiency through a gradual reduction in government recurrent expenditures, ensuring that those expenditures reflect higher levels of service delivery. Over the medium term, recurrent expenditures should not exceed 45% of the budget. c. A review of government procurement processes to ensure high levels of transparency, competitiveness, and value-for-money and eliminate all leakages.
Unless, and until there are clear-cut policies and pathway to economic rejuvenation predicated on a leadership led sacrifice, there will be discontentment, especially among the youths, which may find expression in protests and for which it will be silly to continue to blame the opposition for. -AA
mysticwarrior: The white men came uninvited, they stole, enslaved and they massacred.
Did the people in Bini Kingdom’s vassal states invite the Oba of Bini to steal, enslave and massacre them?
Elspeth Huxley spent some time researching in Benin in 1954, and wrote:[15]
" ... to hear an account of the Benin massacre of 1897 and its sequel from one who had taken part. It is a story that still has power to amaze and horrify, as well as to remind us that the British had motives for pushing into Africa other than the intention to exploit the natives and glorify themselves.
Here, for instance, are some extracts from the diary of a surgeon who took part in the expedition.:-
'As we neared Benin City we passed several human sacrifices, live women slaves gagged and pegged on their backs to the ground, the abdominal wall being cut in the form of a cross, and the uninjured gut hanging out. These poor women were allowed to die like this in the sun. Men slaves, with their hands tied at the back and feet lashed together, also gagged, were lying about. As we neared the city, sacrificed human beings were lying in the path and bush—even in the king's compound the sight and stench of them was awful. Dead and mutilated bodies were everywhere – by God! May I never see such sights again! . . .'"[16]
Herbert Walker, a soldier serving in the punitive expedition, believed that the human sacrifices he saw were an attempt by Benin City residents to appease the Gods as they tried to defend themselves from the expedition.[17]
According to professor of African studies, Robin Law, the issue of human sacrifices is an extremely sensitive one and prone to bias. Law suggests that the reported extent of the practice in Benin was exaggerated by the British in order to establish the need for military intervention.[18]
Ruggedfighter: Who pays for the years it spent abroad raking in millions for the plunderes
The same black people who steal money and stash it in Germany, Switzerland, British Isles and other places in Europe and elsewhere instead of establishing museums here to safeguard the artefacts.
Was that not what Abacha did and Buhari denied it in 2008, even though Obasanjo recovered billions in stolen money from him?
Is that not what Obaseki, Oshiomhole, Igbinedion have done since 1999 instead of maintaining public libraries and building new ones to promote extra curricular education
Meanwhile, why are some people bereft of wisdom and sense? It was illegality aided by corruption that made you have access to your phones, yet you still posted videos online.
The minister of interior is a failure who hypes passport issuance as the only task he has.
WannaHowzit: Lol, your whites spent 300 years of colonisation and 70 years of apartheid unable to uplift black communities.
Btw, I wonder since when 9000MW+ new power generation is being scoffed off by a Nigerian of all people. Don't you share a measly -3000MW of power between 300 million people? 🇳🇬👎🏾😂😂😂
Please sit down and shoosh - you have nothing to offer in this regard. This one is beyond you.
Why should blacks expect white colonialists to uplift black communities when blacks failed to be powerful enough to colonise the whites and uplift their communities?
What bloody entitlement is that
The discussion is about ANC’s failure to make adequate progress on the infrastructure left behind by white apartheid. Deal with it if you can, otherwise sit down and shoosh in your own corruption as Nigerians deal with ours.
Medupi Power Station
The initial expected cost of R80 billion (2007 Rands),[6] was revised to R154 billion (2013 Rands).[39][40][41] By 2019, the cost of Medupi was independently estimated at R234 billion (2019 Rands).[42][43] Some of the primary reasons for the cost escalation was the importing of components affected by a fluctuating Rand exchange rate, redesigns and rework as well as labour disputes and standing time. Due to cost escalations the African Development Bank has stated that they do not expect the power plant to produce a positive financial return over the course of its lifetime.[44]
Deficient project management, corruption, labour disputes, vandalism and absenteeism resulted in low operational efficiency and reliability which periodically stalled the generation of electricity 15 years after its construction began.[2] The dates for full commercial operation were shifted numerous times > > This resulted in Kusile and Medupi considered as some of the worst-performing units in Eskom's fleet.[22] In February 2019, Eskom GM for group technology Titus Mathe reported R8 billion would be needed to fix design defects at Medupi and Kusile.[26] > > Hitachi Power Africa, a subsidiary of Hitachi, Ltd., found by the U.S. Securities and Exchange Commission to have made US$6 million in corrupt payments to Chancellor House, a front company for the African National Congress, the ruling political party in South Africa.[27] Hitachi agreed to pay US$19 million to settle charges.[27] Hitachi Power Africa rebranded as Mitsubishi Hitachi Power Systems Africa in February 2014.[28]
WannaHowzit: Thats because your white idols in SA only provided the majority of the electricity for themselves and industry - excluding the majority of the country.
Right now the ANC is providing power for everyone, including millions of japagerians from all over the continent.
Answered?
Three decades of excuses for the failure to provide something as basic as electricity to every household, industry etc is not the answer.
WannaHowzit: 2 of some of the world's biggest coal-powered plants have been built (with a combined 9000MW+ capacity) amongst other interventions. Some units already online and others to come online soon.
Remind us again where you said blacks have done nothing over the past 30 years.
You said that ANC considerably increased power generation but the country is having load shedding power crisis. How do you reconcile the two conflicting statements?
Do you know whether Britain, Netherlands or other European countries have their power situation deteriorating so badly in the past 30 years that they are doing load shedding now like South Africa
Education › Re: Anambra School Wins 2024 National Mathematics Competition (Photo) by anonimi: 8:24pm On May 20, 2024
