₦airaland Forum

Candyrain:
Fiscal federalism can't kill corruption. Fiscal federalism just as you stated in one of your post is like having a country within a country. As the case may be corruption can still eat up this *country* within the country if right institutions and policies that will checkmate it are not put in place.

Let's take Rivers state as an example. Practicing fiscal federalism would mean Rivers state get to control their resources and the governor there would act as the president. If proper policies and a terrible leader are not put in place gross mismanagement and embezzlement as we have in Nigeria would still be experienced there.

So fiscal federalism and corruption are two different things entirely and the former can't kill off or get rid of the later. Policies and laws that will be strictly adhered to are what can kill corruption.

Cc: HopeatHand

Mogidi:
Exactly.
Each state would be autonomous within its sphere.

ECOTERRORS:
I take exception to your comment, if your fear is that fiscal federalism will bring about the break up of this country then you are living in stone age. Fiscal federalism will make the union stronger with the minorities having a strong voice and will not fear domination. Fiscal federalism is akin to having a *country* Inside a Country

ECOTERRORS:
A president suffering from alzheimers and dementia can't recall what he said last.

trillville:
If this view you have just written down is the common view of every person in support of true federalism, then there is nothing wrong with this view. My issue is that the poorer States can not be simply left to fend for themselves at this stage while the ND consumes 100 percent of the oil revenue. I am in support of your view.

HopeAtHand:
first, start by going to your Delta brother Nzeogwu grave, pour libations, wake his evil spirit and him why he overthrew the system of govt that benefited us most..When he answers correctly, i will travel to Jos to see Gowon.

HopeAtHand:
Are u unaware that democracy returned to Nigeria in 1999..A military administrator should ask Abacha or Babangida for increased oil percentage for NDelta so they accuse him of treason and hang him?

If you are sincere then your analysis should be relative to the specific period in which had control of our destiny.We asked for 50% but got 13%.our leaders pillaged our resources.From Ibori to Uduaghan, Alams to Sylva and Dickson, Odili to Amaechi and Wike(surely), the stories are the same..combine the loot of these few men and it wil run into billions of dollars in a region begging for attention.

the way things are now, increased derivation percentage will amount to more money to loot.

HopeAtHand:
For the purpose of clarity, what model do you propose, state or region-based true federalism.

i believe the true federalism will not solve Nigerias problems if good sincerel leaders are not elected into positions of trust either as governor, premier or head of govt institutions and parastatals.

The reason is the corrupt system Nigeria is now stuck in..I will use Niger Delta as a microcosm..Since the inception of democracy, there has been the renewed call for more attention to be given to the ND because it is responsible for Nigerias wealth and the effects of oil exploration..So 13% derivation was added to ND states, NDDC was created and also in 2007 Niger delta ministry.

When you look at all these, you realise that some effort was made to ease the plight of the Niger delta but we've had leaders who have looted the region and neglected their people..they have no excuses to give, it was them against their people.

Giving such leaders increased revenue courtesy of true federalism will not make them change their ways..i would love to see a country with strong institutions devoid of such industrial-scale corruption first before i clamour for true federalism.

trillville:
would oil not make the Niger delta states lazy? why should the niger delta states be lazy and the other states hardworking?

again to the best of my understanding, states in america do not own resources. people in states own the resources and pay taxes to the government. any person can become a citizen of any state. george w bush was governor of texas which is located in the mid west of us and his blood brother jeb bush was governor of florida which is down south.

bushdoc9919:
And why is the CBN doing it?

Because we do not have enough forex anymore thanks to the drop in oil prices.

The CBN thus is saving forex SO THAT we can keep the Naira up....and so that it does not fall further.

So....what do you propose we do? Because even if GEJ was in charge...the same thing would happen.

Unless oil prices rise again.....there is nothing we can do.You Nigerians better face it.It is the end of the free oil money era. Use your hads and work your way out of this. Oil dependency gets you nowhere.

anonimi:
I presume you are NOT a Nigerian, right

Jonathan started reviving our economy and diversifying away from oil as per the small sample on the 15 pages below:


https://www.nairaland.com/2117791/achievements-jonathan-sambo-administration-pictures


We need to be WATCHFUL that the new megida tenant of Aso Rock does not CANCEL these policy initiatives as he is wont to do.




www.nairaland.com/attachments/2087214_buharimetro_jpeg0139273fe26a1325be266ba40c34a836


Otherwise we will be changing back to the PAST with systemic failure making it WORSE that will wipe away all the gains under Jonathan.




www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306

Rotimi47:
Yes as a result of Amechi betraying Tinubu by working with Altiku and others for Saraki emergence as senate President, Amechi and others thought they can could deal with Tinubu by their disgraceful act not knowing that Tinubu who happen to be the real brain behind APC is capable of dealing badly with each of them in his own time and in his own terms. Amechi thought the North is the most powerful region! He missed it as Tinubu is the originator of the real plans to really develop Nigeria on a massive scale in a way that benefits the masses more but he has stepped aside and he is watching on how they intend to put the right things in place. Since independence the south west have always been in the opposition and thats why every regime that comes to power have failed and the present APC have started with that same mistake with the north , south east and south south working together against the South West thinking they are cutting off Tinubu's wings; How can you cut off the wings of a man who do not have a political ambition? Or the South West that is used and very comfortable with being opposition. I pity those who can't see beyond their nose. Where is the present APC now? Since the main brain for change stepped away the party is in a mess and hereby messing things up for Nigeria. It's better for them to quickly resolve their differences and pocket their ambitions or else they will destroy what they have left of APC and their future. Not to forget, people are always quick to praise Fashola for what he was able to accomplish IB Lagos but they failed to understand that Tinubu was the one that handed his developmental programs to Fashola.

WombRaiders:
The only difference between Muslim extremists like Bokos and so called peaceful Muslims is that while Shekau wants to behead non Muslims, the peaceful Muslim is itching for Shekau to behead every Kafir.

Firefire:
Painfully yes, and you see them quoting yeye 196.5N/$ on their website.

I can reliably confirm to you that over 2 Billion Dollars are waiting FOREX in all tier 2 banks in Nigeria.

Most firms are passing through hard time to remit fund to their foreign suppliers.

I pray "Miracle" happen soon.

Firefire:
The name parallel market has been altered in recent time, CBN already closed all avenues to source dollars including RDAS etc.

I presume the only available means of getting USD is through the parallel market, inter-bank is another tales..