₦airaland Forum

oldenglish: they started attacking him when he arrogated the achievement to cbn gov.

Thank you very much

eGuerrilla: See my previous reply.

Did you even read your post before opening your mouth to spew rubbish..maybe you need to read the quote below

“This commitment was underscored when the President
constituted a Cabinet Committee headed by Vice
President Namadi Sambo to accelerate the delisting of
Nigeria from the list of jurisdictions with outstanding
issues with the FATF as they relate to Anti-Money
laundering/Counter Financing Terrorism regimes.

This exclusion from the list is as a result of the work by one of the numerous committee set up by GEJ which you guys lynch him for..do you even know who the chairman of this committee is?

Don't allow your hatred for Jonathan consume you..give him kudos when he deserves it

eGuerrilla: No sir, Nigeria has been moving in the right direction on this front in spite of Jonathan's devil-may-care attitude to corruption, and not because of any concerted efforts being made to stem its spread.

It is to the 2013 Africa Central Bank Governor of the Year that I give credit on this one.



Source

Really?..please who does Sanusi get approvals before going ahead with his policies?..Is sanusi now an independent body of his own?..So Sanusi is no longer a member of the Economic management team?..pls learn to give credit when its due and give thumbs down when necessary..that is how true patroits behave

Sincere 9gerian: Ondo State governor is now speaking. He said the state is also building a 30 megawatt power plant.

Pls did he state the price?...so we can compare with Alausa's 10MW giant generator

@eguerilla I want to hear your thoughts on this..does it mean Jonathan is fighting corruption afterall?

Was the money for this car budgeted for?..if yes,then that is the end of discussion

yunglykmine: Sahara is not witchhunting the Aviation minister,they give us the reports as they come... Corruption in other ministries/sectors will soon come to limelight. Corruption is the ONLY problem in Nigeria.
Stop corruption & Nigeria will develop.

How many times have. Sahara done EXCLUSIVE on Opposition states?..do you want to tell me no fraud goes on there..I insist for this fight against corruption to suceed it shouldn't be selective

Mind you am not holding brief ƒσя Stella

Sahara reporters will certainly be basking in the euphoria of this their new found success...anything they concote now will definitely be swallowed hook,line and sinker by a large percentage of the populace..

Sahara should show that they aint out to witchhunt the minister by extending this their searchlight to all ministries and States..this clampdown on corruption shouldn't be selective

chima12: Is he the chairman of nig railway?if he is,he should be kicked out immediately so that the message can sink faster into his head.

Yes he is

Was the contractor paid the full cost of this project?..if yes he should be sanctioned appropriately..if no,the relevant stakeholders in the aviation ministry should be made to face the music...

Time to relieve Baraje of his appointment as Nigeria Railway Corporation board chairman...you can't bite the fingers that fed you

Confirm!!..its now over..two courts in Abuja and Lagos and the Electoral body INEC has given Bamanga Tukur every recognition he needs...with this 2015 presidential ticket is safely in GEJ's pocket..no more nonsensical peace meetings, the president can now use the time for such meeting and do productive things

Fresh Air till 2019

But finally this thing don dey turn to Transfer Window

abes: today is the 18th, no 'Nigeria One' or 'One Nigeria', though we have seen 'BMW TWO'

Its still on course..awaiting presidential approval
www.nairaland.com/1473565/national-carrier-unveiled-month-end

Amaechi,wamako,ahmed, Lamido, Aliyu,kwankwanso and Nyako are on their way to been canonised

They will now be washed clean of the evils peculiar to PDP like corruption...Jokers!!

Somebody somwhere is pushing ASUU..feel free to attack me

[quote author=X-factoria]Well, I don't think the elder statesman did the right thing by ridiculing his appointment in the media. How can he assume that GEJ knew about his battle with prostate cancer? And even if GEJ knew and got a wrong impression of a well managed health condition from their previous meetings, a father like Nwabueze would stop at giving reasons for his inability to chair the committee and recommend a replacement in private and not openly make it look, in the media, like the President lacks brain.

Its hard to believe that Nwabueze spoke in this manner. I want to believe the press twisted the reporting of the interview to embarass GEJ. Some of them get paid by APC folks.[/quote]irresponsible journalism from Premium Times..that is why I insist those guys are full of crap although they are more professional than their brother in crime Sahara reporters

Sincere 9gerian: Joke of the century. Did you really expect the president to sack Odua for the purchase of 2 vehicles for the office of the minister of aviation? Is the minister not entititled to protection if her life is threatened?

Maybe the vehicle should have been bought at a cheaper cost or maybe they should have been bought under the table since it has to do with personal security. But besides the above, honestly, I do not see any other wrong doing.

The cries about misappropriation or corruption is coming from familiar quarters. Where is the corruption in buying security vehicles in response to security threats?

Sacking the minister because of the usual NOISE about corruption from familiar quarters is PLAYING TO THE GALLERY. The president Jonathan I know does NOT play to the gallery.

Why should the NCAA be the one to buy the vehicle?..should that be the right channel..sorry am not with you on this

HNosegbe: Sincere 9gerian, you should have remained quiet on this issue rather than type the drivel I just read.

The minister's actions are indefensible. She has to go, else GEJ will have the stench of corruption all over him to the end of his tenure.

Exactly..if GEJ doesn't sack her, he will be justifying those who say he aids and supports corruption..he should take a firm and decisive action on this scandal

HNosegbe: Too many economic illiterates on this thread.

Instead of people to ask questions when they don't understand economic terminologies, they'll continue to display arrogant ignorance, to borrow the words of a friend of mine.

Anyway for those who care to understand, what the report is saying is that the RATE at which prices of goods and services has declined i.e prices are now increasing at the rate of 8% per annum as opposed to over 10% which used to be the case.

The objective of CBN's monetary policy is to reduce the rate of inflation so that prices can be more predictable.

A reduction in the rate of inflation does not mean that the price of garri has reduced.

One of the reasons I respect you here..+1

Since after a heavy rain the sunday before last...I have not had light in my area..its almost 2 weeks now

An internal memo of Fed Univ Otuoke confirming this
www.thescoopng.com/read-internal-memo-of-univ-of-otuoke-reveals-that-ASUU-might-end-strike-this-week/

mkmyers45: I love good governance but i dont care for lies..Any nairaland living in yola can back me up surely. The Airport has nothing going on and Yola-Numan road has been good a while....Still dont know why FG is doing nothing about the Yola-Mubi and Numan-Lamurde-Billiri Road

You mean this same airport?

This is the most ridiculous defence I have ever heard..pls Oduah you have tried..its time to step down
Pls GEJ do the right thing

Pukkah: There's a world of difference between David Mark and the Senate. There have been many occasions when Senate's resolutions were different from the personal views of Mark.

Also, the Senate alone can't effect the review of our Constitution; you also need the House of Reps.

I agree with you..but remember the Senate spokesman came out to say the senate is backing the decision..the House of Reps would definitely be a hard nut to crack

naptu2: The proper procedure is to get the National Assembly to pass a law authorising the convocation of a National Conference and for a referendum to be held on the recommendations that emanate from the conference.

Since Mark was the first to announce his approval for a National conference and already the senate has endorsed the conference..I think the draft committee should suggest this in their report and hopefully the senate will help to push it through

This is a good investment guide to would-be investors..

am happy they confirmed the progress been made in power and Agriculture...I can't wait for this two reforms to bring the expected growth

Please lawyers in the house..what is the legality of the president declaring a Sovereign conference...what are the legal implications and what happens to NASS in that instance

Fitch Ratings has, once again, affirmed Nigeria’s BB-rating and a stable outlook for the economy.

The rating, which was announced by the global rating
agency in London Wednsday, came a few days after
another respected international rating agency, Standard & Poor’s also affirmed a strong and positive rating for
Nigeria’s economy with a BB-.

The agency retained Nigeria’s long-term foreign and local
currency, International Depository Receipts, IDRs, and
senior unsecured bond ratings at ‘BB-’ and ‘BB’,
respectively.

According to Fitch, Nigeria economic outlook is stable, with very strong macro-economic index, as the Gross Domestic Product, GDP, growth rate has remained in the region of 6 and 7 percent, and single digit inflation rate.

The stable outlook reflects the fact that in Fitch’s view,
upside and downside risks are well balanced.

Ratings’ factors
The ratings agency explained that its affirmation reflected
its opinion on the true position of the Nigerian economy.

It said: “The affirmation reflects the following key rating
drivers: GDP growth slowed to 6.4 percent in H113, but
has shown resilience in the face of exogenous shocks such as severe floods in 2012 which hit agricultural output;security problems especially in the north earlier this year;and increased oil theft and vandalism and the consequent repair shutdowns which have caused oil output to contract for the second year in a row.

“ The non-oil economy has slowed but still grew by 7.9% in 2012 and 7.6% in H113. Non-oil growth should pick-up in H213 as normal weather has resumed and the authorities have responded to security problems. Reforms to the electricity and agriculture sectors could start to boost potential growth.

“Inflation has been in single digits all year – the lowest in
five years and the longest stretch of single digit inflation
since 2008. Policy rates are unchanged. The central bank
(CBN) has the twin aims of achieving single-digit inflation
and maintaining exchange rate stability.

“Public finances remain comfortable. Fitch estimates a
general government deficit of around 1.8% of GDP this
year and next. Both oil and non-oil revenues are under-
budget and the Excess Crude Account (ECA) has been
tapped to compensate.

“Capital spending also remains under budget. The draft
2014 budget plans ambitious fiscal consolidation, with
lower oil production and benchmark oil prices and lower
spending than the 2013 budget.”

The agency said it expected that “oil production will likely
fall short again, and the final budget that emerges from the National Assembly (NA) is likely to be more expansionary but it expected general government debt to remain stable at just over 20% of GDP, this year.

It added, “Nigeria’s sovereign and overall external balance sheets, current account surplus, debt service ratio and external liquidity are all stronger than ‘BB’ category medians. Foreign reserves rose steadily in early 2013 but have been falling since May due to reduced oil output,prompting ECA drawdown, and global market turbulence, which has reduced foreign appetite for NGN paper (though net inflows have continued).

“CBN intervened to support the naira when it came under
pressure mid-year after Fed-tapering turbulence, although reserves have held up much better than many large emerging markets. Nigeria effectively re-opened the
Eurobond market in July, raising USD1bn in its second
issuance”.

Mixed reform programmes
Fitch viewed the nation’s reformed programmes as having mixed results, “electricity privatisation has passed a key milestone with generators and distributors now in private hands.

“Output seems to be on a rising trend, although it has
been affected by gas pipeline damage and an impact on
GDP growth is hard to discern.

“Agricultural reforms are also gaining traction. The most
obvious benefit to the economy has been a fall in imports
last year, due to reduced oil subsidy payments, a
crackdown on fraud in the oil subsidy system and
substitution in the agricultural sector”.

The agency noted the failure of the National Assembly to
pass the Petroleum Industry Bill, PIB, owing to it described as “strong vested interests” which would make reform in that sector “a continual struggle, especially with elections in 2015”.

It also said that the Nigeria’s ratings remained “constrained by weak governance, low per capita income and vulnerability to oil price volatility” and that “data
weaknesses hamper the monitoring of economic and fiscal performance and reform progress”.

It acknowledged the security challenges posed by
insurgents and said that “the government is responding to the Boko Haram insurgency mainly with security
measures”.

Reacting to the rating by Fitch, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala said it demonstrated the resilience of the nation’s economy which was a reflection of the resilient Nigerians.

Her words, “this confirms that Nigeria’s economy is
resilient just like the Nigerian people are resilient. What’s important about the ratings is that while acknowledging all the challenges the economy faces, it points to and applauds the strengths such as progress in the power sector, increased focus on agriculture, strong investment in local manufacturing and other areas”

www.vanguardngr.com/2013/10/fitch-affirms-nigerias-bb-rating/

talktimi: the same logic cant be used because Lagos is by far bigger, more complex & more difficult to govern than Nigeria. Ok

Oh!...I now understand!

This fixation on 2015 is driving APC mad...lawd!!

The All Progressives Congress (APC) has said it was
unreasonable ƒσя the First Lady, Patience Jonathan
to have decided to receive an Honorary Doctorate award in South Korea, even when the nation’s universities remain shutdown under the Goodluck Jonathan’s administration.

APC Interim National Publicity Secretary, Alhaji Lai
Mohammed stated this in a statement issued in Lagos.

The statement asserted that if the First Lady and her
advisers were reasonable enough, it would have been
very obvious to them that embracing such an award
when Nigerian students were lamenting over ASUU strike
would affect the sensibility of Nigerian students.

The statement reads,”In their eagerness to gobble up
one spurious award after another, they forgot that if the
Hansei University in South Korea had been shut by a
strike because the government there has repudiated an
agreement it willingly signed with the teachers, the
institution would not have been able to give any
honorary degree to anyone.

”A government that is unwilling to spend the nation’s
resources on the education of its youth has no qualms
about wasting the same resources for a junket by the
First Lady and her cheerleaders halfway around the
world for what is nothing more than an ego-massaging
award,” it said.

APC sarcastically said that the reasons behind the award of the Honorary Doctorate to the First Lady was particularly interesting,which is that, “she’s a humanitarian who has dedicated her life to working for the less privileged in Nigeria and Africa especially for women and children. Her vision as the defender of the poor in Nigeria fits into Hansei University’s motto of a practising Christian.”

”What the university forgot to add is that while the First
Lady may have dedicated her life working for the less
privileged in Nigeria, there is no indication that she and
her husband are sparing any thought for the poor
Nigerian students whose dreams for a better future have
been put on hold by the long strike that has paralyzed
academic activities in public universities,” the party said.

The statement further said that the First Lady should
have used her humanitarian gesture to advocate for the
suspension of ASUU strike instead of her acceptance of
an award.

”It is instructive that the First Lady would rather corral
some hapless women to the Eagle Square in Abuja to
illegally campaign for her husband, in furtherance of her
‘humanitarian’ gesture, instead of leading a campaign of
concerned mothers and ‘humanitarians’ to protest the
deadlock in ending the strike in our public universities,”
APC said

dailypost.com.ng/2013/10/16/apc-condemns-patience-jonathans-acceptance-of-honorary-doctorate-award/?utm_source=&utm_medium=twitter&utm_campaign=apc-condemns-patience-jonathans-acceptance-of-honorary-doctorate-award