₦airaland Forum

manny4life: That's the whole point... The FG is responsible for these loans because it act as guarantors, so at the end of day, whether it's a state or FG, it's more so FG debt should the states default.

manny4life: I beg to disagree...As much as I like GEJ in some of his policies, I have criticized him particularly in rising debt. I strongly believe in financial prudence, borrow only if it's necessary and for capital projects. Based on the information we have, I haven't seen an justified borrowing for these states to plunge their citizens into such debt. GDP/Debt ratio is a good test but not always valid. This is why the U.S. is holding every economy to ransom. Their GDP/Debt ratio is at a tipping point.

As for what have other states contribute, I put it that you may have well been biased not to see what other states are contributing. There are too many capital projects from SE to SS and even the north. I disagree with you on this part. After all, wasn't it last month or so that GEJ commissioned the petrochemical plant or power generation plant. How will you classify the investment cost into that? There are many capital projects ongoing in various parts of the country. Just take a moment and look for them, you will find them.

aresa: 40% of Nigeria's non oil GDP is from where? That's the question and the Answer is LAGOS STATE.

aresa: The state’s GDP figures released in September 2012 provide some interesting insights into the Lagos economy. The state has a GDP figure put in excess of N12 trillion or $81 billion as of 2010. Its economic size is about 35.6 percent of Nigeria’s 2010 GDP but a significant 62.3 percent of Nigeria’s non-oil GDP.

http://businessdayonline.com/2013/04/examining-lagos-state-gdp-figures/#.U_ebPfldWVY




Get educated for your own good...

So, $81B of $509B national GDP is 35%

edogirl2: Well, together these states are responsible for about 40% of the country's non-oil GDP. So why is the Op surprised that they have a similar ratio of the debt.


This is like someone saying Nigeria is responsible for 60% of total national debts among West Africa countries. Well, where is the 'news' in that statement.

soroptimist: I have refused to engage in needless back and forth on this subject matter but the fact that we have 4 refineries which the PDP government deliberately allowed to go to rot or are under utilised in order to justify their wicked arguement in support of importation whose allocation they give to themselves at rock bottom prices but are inflated before it gets to the real importers who as business men would simply transfer the load and other sundry charges to the end users thereby justifying there initial attempt and arguement in favour of the high subsidy money

Yet NNPC haven't accounted for how they use their 445,000Barrels/Day of crude oil which are refined at our refineries whose capacity are criminally under-declared to justify the need for us to continue to import refined petroleum products

A fraction of the NNPC allocation after being refined are sold on the High sea around Togo triangle to so-called importers who will take vessel and longside with the NNPC Mother vessel

These charlatan 'importers' will then do fake import papers as if the product they have on-board was imported from abroad when in fact it is a round tripped arrangement and with active knowing connivance of the inspectors and all that a Discharge Certificate will be issued to the person which he will go and process to collect Subsidy Claims

It is these corruption sanctioned from on high that is making the subsidy claim to sky rocket and the Presidency can't claim not to know because 'Na Padi padi arrangement'

hercules07: You sir are an slowpoke, the cost of fuel in Saudi Arabia is #4 per liter, those prices in the US and the other western countries are because of heavy tax, we do not import from the pumps, we buy from refineries who sell far far below what you have posted up there, your PDP government and Jonathan are thieves in the Subsidy issue, the cost of fuel should not be up to #50.

soroptimist: Yes that is the lie they told you......and i put it to you that is a lie from the pit of Hell

Without saying too much......if you are privy to how the Subsidy regime works viz-a-vis the Trading,importation and landing cost of petroleum products in Nigeria......you will wish the ground should open and swallow all these liars and corrupt individuals

Corruption from the Ministry of Petroleum Resources,DPR and NNPC is the only reason why Nigerians pay through their nostrils for such products

The way allocations for importation is awarded to final importers is where the mother of all corruption happens whereby the initial person that gets the allocation from the Presidency/DPR/NNPC only sells the allocation paper after adding a mark up in price to a middle man who in turn adds a mark up and now sell to final importers

These mark ups in price(s) are collected in advance by way of bribes and kick-backs running into billions.....infact the person who owns the allocation person would have collected his own money like a month or two before the product is brought from Russia or wherever the final importer will source from and after the product lands

The importer in connivance with some DPR and NIMASA guys( who will not clear the vessel in on time making the product to generate demurrage charge deliberately) will also do their own magic by entering a false claim..........say if importer brings in 25000MT of AGO,they will say the person brought in say 35-40000MT,do fake Q and Q certificate and issue a Certificate of Discharge in a Tank farm to the importer who will then go and process the differentials and share with the guys according to the agreed percentages


All of these mark ups along the way obviously gets transferred to you and i who spend the whole of our lives defending them after being given pittance by TAN,Neighbour-@-Neighbour,Goodluck Support Group

If corruption is eliminated along the chain......Nigerians should not be buying PMS more than 40naira,because if you know the amount they source from the refineries,inclusive of the cargo charge,insurance etc you will weep for Nigeria

HUMONGOUS CORRUPTION is the number one problem of Nigeria and it has a palatial mansion in the Presidency

Ventura1: N5.222 trillion on oil subsidy in 4 years! this is scary

soroptimist: So it is now that elections are around the corner that you expect him to come clean on all these atrocities when in their own mind we have already forgotten the sorrow and pangs of wickedness his actions subjected Nigerians to on the 1st of January

GEJ is a deceptive man and he has his DNA tainted with lying while maintaining the countenance of a Reverend Father( which some have termed as humility and gentility

Take it from me,i have it on good authority that he would remove the total subsidy once he gets his 2nd term( God forbid),so the pain Nigerians experienced in 2012 is in suspended-mode

9jalyte: My dear, I am not surprised you sounded the way you did. It it will take only a Dr that lacks sense of purpose to sit down and set himself ready for a "back-to-sender" response to every comment that does not align to your sick ideology. For your information, I am not giving you data bases on vendor-stand information. I trained in health management and policy abroad, and I have studied international comparisons of health policy. Saying that doctors are more in contact with biomedical hazards means 2 things: 1. you lack knowledge of the industry you are working, 2. you are like a man who is so used to telling lies to the point that he starts believing his own lies. The exposure matrix is the standard, and not what you think it should be.
Talking about other unions holding govt by the neck to squeeze their own juice too. My brother, that confirmed what I initially thought about you, the "solidarity for-ever" type of public servant. The very type that has crippled our public service system. The greedy type that will alway ask "do you know how much govt officials are earning" to justify why they should also drain the public fund.
If I sounded funny to you, hehe! know it is time to get rid of the substance spinning your head, definitely not my comments.
In my grad school, I had colleagues from different parts of the world, Drs, and other professionals. I have a wider world view of health policy than the quassy ideas you are so proud of. I can engage you on debate on that until you go blank. Please get busy and leave debate for those who are well opinionated.

ujoinme: Akwa Ibom is one. our eastern obolo and ibeno brothers also know that no matter the state they go to they will still be minorities and especially after the marginalization they suffered in the hands of our Ijaw brothers during the sharing of the Amnesty empowerment for ex militants. They already know how they will be treated in an ijaw majority state.
At least in Akwa Ibom they have learnt how to navigate the waters of the political space in the state to get what they want as minorities rather than learn all afresh. They say the devil you know is better than a "friend" you cant understand. And this year the gov. of the state has been zoned to eket senatorial zone and they stand a chance producing a gov. from that zone who will correct any perceived injustice that the oil bearing areas have faced.
The Ibibios are democratic in nature unlike some other majority groups in Nigeria that oppress the minorities case in point the current governor is a minority and became governor because the state zoned it to his senatorial zone.

pazienza: I can never get tired of appreciating and praising men of wisdom like the leaders of Ibeno.
They must be praised to teach the phoolish ones.

pazienza: That quote from Ibeno people was too much for me to bear, the quote should be written down for men to learn. I salute the wisdom, honesty and the brotherly love Ibeno people possess.

They have it all, sea access, large amount of crude oil, wise leaders, they could easily forsake their brothers in Akwa ibom, establish a new ethnic group, join a new state accuse the Ibibios of domination, make anti Ibibio publication, engage in history revisionism to erase any link they have with Akwa ibom, build new city and towns and leave the rest of Akwaibom for dead. But they didn't, they didn't let their greed control them, they recognized the importance of family.


Thanks the the wisdom and love of Ibeno people, the future of Akwa ibom remains bright, a state of one people,one parent language, and one love.

God bless Ibeno people, God bless Akwa ibom state!

aljharem: No one knew Fashola before he won

No one knew Fayemi before winning.

At the end of the day, it is he who God chooses

aljharem: Good response !!!

lekkie073: empty vessels make d loudest noice

lekkie073: if only people know d man called shamsideen dosunmu....but too bad....only a few do!

aljharem: exactly, no one want Jimi as he is tinubu's spy and

Koro is not sell-able.

The rest don't have as much pedigree as Dosman that is why I will support and vote for him. The only thing is that he is too refined for this rascals

aljharem: I really hope he wins it. If he does not, I will decamp to APC straight because we dont want politics of godfatherism

aljharem: He is not a politician but an intellectual that just want to serve his birth place.

He is no slave to Bode George neither is he slave to OBJ. He is his own person and that is what we need.

Enough of all this politics of godfatherism

aljharem: Lets just hope Tinubu does not kill this one as well

aljharem: I believe this man is going to be our next governor. He understand the plague of the people well unlike APC elitist government.

OrlandoOwoh: Why can't you address the issue, but attack my personality, Odorubu boy? I remain Yoritsekiri (Yoruba+Itsekiri).

oyb: nigerians dont panic, airport flooding happens everywhere, it is just nigeria's turn

UrbanMystique: Cry me a river buttlicking bingo.