take dat: I am not against privatization in its purest form. I am only afraid of how this relatively small cabal of fraudulent businessmen and their abettors in Government are gradually selling the whole of Nigeria to themselves using our collective wealth to buy them.

But this power Privatization was to a very large extent very pure...The rules were tough and strictly adhered to..alot of check and balances was introduced..all this can be evidenced by the minimal or no Litigations that have trailed the process...

take dat: Privatization in Nigeria has fostered the worst manifestation of crony capitalism. I won't be surprised if those who are going to win the bid for these refineries are the same characters who recently bought off the privatized GENCO's and DISCO's. The on-going privatization of state owned assets to cronies reminds one of Russia Nigeria, a place where large scale privatization of state owned assets resulted to a situation where a good deal of National Wealth fell into the hands of a relatively small group of so called Business Oligarchs, and the wealth gap increased dramatically. These forces of high privilege and regression who should be in jail for accumulating public wealth at the expense of the people and their fraudulent business tycoon allies who have committed heinous economic crimes against the people of Nigeria in the past are the ones buying these state owned assets. The Forbes promoted fraudulent billionaires and corrupt Government officials will keep on getting richer while ordinary Nigerians continues to feed on hopelessness.

What's your alternative to making the best out of this Moribund Government corporations?

take dat: Privatization in Nigeria has fostered the worst manifestation of crony capitalism. I won't be surprised if those who are going to win the bid for these refineries are the same characters who recently bought off the privatized GENCO's and DISCO's. The on-going privatization of state owned assets to cronies reminds one of Russia Nigeria, a place where large scale privatization of state owned assets resulted to a situation where a good deal of National Wealth fell into the hands of a relatively small group of so called Business Oligarchs, and the wealth gap increased dramatically. These forces of high privilege and regression who should be in jail for accumulating public wealth at the expense of the people and their fraudulent business tycoon allies who have committed heinous economic crimes against the people of Nigeria in the past are the ones buying these state owned assets. The Forbes promoted fraudulent billionaires and corrupt Government officials will keep on getting richer while ordinary Nigerians continues to feed on hopelessness.

What's your alternative to making the best out of this Moribund Government corporations?

So sanusi wan cause Kata-kata and then gently walk away in 2014?..E no go work for am

Now Tambuwal have got to join them and step down as Speaker..Interesting game

Let the fireworks begin!!..NIGERIA's soul is up for grabs

Let the fireworks begin...

ba7man: Dora was targeted for doing interfering with illegal drug importation and manufacture, thus that explains her enemies.

Stella Odua is under probe for inflated purchase of amoured vehicles.

There's a difference in their cause.

Stella fought the concessionaires..Babalakin,Harry Akande,Maevis e.t.c

They won't believe her....

I see PEJ in the damn picture..was PEJ in London?

See how a thread about efforts to create jobs for the youth is scanty..but if na to curse GEJ all of una for don full here..bunch of dolts!

FG never bought a 20 year Old aircraft rather it ordered for 10 brand new planes...this aircraft is part of Aero's fleet that was acquired by AMCON..

Why is this so hard to understand?..this pull-him-down syndrome won't get us to anywhere..

FG never bought a 20 year Old aircraft rather it ordered for 10 brand new planes...this aircraft is part of Aero's fleet that was acquired by AMCON..

Why is this so hard to understand?..this pull-him-down syndrome won't get us to anywhere..

So even after the one week forced holiday the judge didn't deter...Victory!

Ngene-Ukwenu:
[b]We have past this road before: The main thing is that the Fed Govt is dead broke! They are just looking for any means to sustain their ever increasing quest for corrupt enrichment. Or how else can one describe the slamming of high tariff on imported cars without first of all addressing the gap that may crop up due to the policy? Why not do a gradual increase on tariff while allowing the local manufacturers time to do the needful?

What happened to the tariff slammed on rice importation? Has it helped boost local production thereby creating jobs? Are Nigerians not still dependent on foreign rice for sustenance albeit on higher price?

What happened to the Fuel subsidy removal? Has it led to the building of local refineries? Has it created Jobs as we were tutored? Where is the SURE-P? Has it created any new job?

Look all these are just wicked policies targeted at the poor masses, no matter how they are coated by Ngozi Okonjo! The rich and the corrupt would always find their way.

Jonathan, we have had enough of your cluelessness [/b]

The target year on achieving self sufficiency on rice production is 2015...and so far alot has been done..alot of Rice mills have springed up and even dry season Farming has been boosted in many parts of the north...alot of peeps whr gainfully engaged during this period..Most of this jobs on farming are not permanent but seasonal

The problem with folks like you is that you are either short of Info or sees it and deliberately turn the other way

Our correspondent gathered that apart from the
combination of the two airlines, about 10 other aircraft
have been booked with Bombardier Aircraft
Manufacturing Company based in Brazil by the
government. The delivery of the 10 aircraft is expected
to commence from March 2014.

What is wrong with starting with what you have at the moment?...the bolded above shows clearly that new aircrafts will be added to the fleet come March 2014..then why exactly the hue and cry?...we all know aircrafts are not bought off shelf but pre-ordered...Pls our Journalists should spare us this idiotic sensationalisms

Read Pa Kolade's full interview here
www.thisdaylive.com/articles/christopher-kolade-mischief-makers-behind-rumour-of-missing-n500-billion-sure-p-funds/165108/?utm_source=twitterfeed&utm_medium=twitter

He does not regret been a part of Sure-p

texazzpete:

BWHAHAHAAHAHA!!!

And there I thought for one second you were trying to tie in the fuel subsidy payments to the ECA. I clearly see now I am being trolled by Nairaland's resident simpleton .

So far, we have established that
1. The FG was spending a fixed amount of money per litre on subsidizing fuel. The FG made several argument for the removal of the fuel subsidy with one of the key points being that the money being used to subsidize fuel could be best served in carrying out developmental projects etc

2. The partial removal of the subsidy freed up N32 per litre for the FG to use in it's developmental agenda, part of which is the SURE-P program.

3. The ECA monies represent the saved revenues from selling oil at higher prices than the budget benchmark prices, it was not used to fund the fuel subsidies and should have absolutely nothing to do with SURE-P

Part of Amaechi's response tackled the rationale for using funds from the FCA to fund SURE-P which should have been wholly funded from the N32 per litre freed up from the partial removal of fuel subsidy.


Your increasingly inane responses are hilarious, but unfortunately seem orchestrated to divert rational discussion of the issues on ground.

I see you suceeded in confusing yourself and some ignorant fellows..the question is this "Fixed amount of money" where does FG get it from ?

Maybe when you can answer this we will proceed from there

In agbamental's words..

Look at how agabamental the dullard is been slapped left,Right and center on this thread..LMAO..

take dat: Amaechi did not deny asking together with other governors for the deduction of $1billion from the ECA, but is $1billion same as $5billion? Forget about Amaechi's shenanigans, we as Nigerians must know how the economy is being managed. Lots of accusations and counter accusations in the news these days, NOI should answer the questions not for Amaechi but for all Nigerians. Openness is the antidote to the constant criticism!

Lemmie ask you..how many times did FAAC end inconclusive with the Commissioners of Finance walking out on the Minister of State for Finance?

If you can also remember what was the reason behind this walkouts and how was the issue finally resolved?

It has been the understanding of the Rivers State Government that SURE-P is funded from the extra money realised from the pump price of petroleum, which Nigerians protested against when the pump price of fuel was raised. Is the Honorable Minister telling Nigerians that the SURE-P is now being funded from the ECA! Might it then be true as was recently suggested in the National Assembly that over N500billion of SURE-P money may be missing?

The question is how does FG realise the money from pump price of Petroleum products..Does FG pay Oil Marketers or does Oil Marketers pay FG?...Simple Answer is FG pays Oil Marketers.

Next is how does FG realize the money it uses to pay Oil marketers?...FG pays Oil marketers from Money it budgets for in the annual budget...

How is the extra money from pump price which translates to sure-p realized?...From the money govt budgets for paying oil marketers,instead of paying the total amount it deducts N32 and this forms the subsidy savings

What is the purpose of ECA and what has it been always been used for?...ECA is use to supplement budget allocations when revenue targets are not met..

Now if ECA was used to fund budget and from the budget we pay Oil marketers and make deductions from Sure-p..Isn't it logical on how ECA was used to fund sure-p...

Pls amaechi should go and rest and desist from playing us with semantics

Symphony007: did'nt you read in the article where it is said the government owns 60% of the new airline?

Didn't see that..anyway let's wait till the final unveiling

nedu2000: for his birthday wasn't it?the impression we're getting is dat der was И̣̣̣̥o celebration & twas low key

To your understanding what does Low-key mean?

Symphony007: This rubbish will go the way of all others that has come before it, the nigerian government is cursed to fail in buisness. If not for shell and other partners, nigeria LNG would have been history. Meanwhile NNPC cannot account for a majority of nigeria's share of NLNG profit. We've seen this movie before and it's not gonna end well.

Sorry this National Carrier is not owned by govt..100% private with strong support by the FG

nedu2000: "Celebrated it quietly"?how...we saw a picture of GEJ with 3 big cakes about cutting them,but I can't categorically tell u if the illness was 'cos he over-partied that will be best know by my oga @ d top, ‎​yes,I don't want to say one & my oga @ d top will say it anoda one

He cut those cake in Abuja before he left for London...

Cassava processing factory?...Sure Oteduko is seeing the potentials in the Agric reforms

It is time to teach that little brat called Sowore the lesson of his life..about time

Oga Lamido abeg spare us this crocodile tears..pls we are still waiting for the name of the minister who took a $250 million bribe

One of my guy is among the 100 people who whr sucessful in the 1st Edition..Dude is in Imperial College right now doing his Masters...

Kudos to the selected participants...put in ur best effort in the exams and u will come out tops..I heard this time around the slot is more than 100

Tharqa you have been wonderful on this thread...kudos

See someone making money from the agricultural and power reforms of this administration...even giving other people opportunity to make same money via buying of shares while some people are here cursing GEJ

Keep cursing..in future you will have ur self to blame

Dressed in a black stripped traditional South-South attire
and bowler hat to match, president Jonathan did not
display any sign of weakness as he shook hands with
members of the council and he Coordinator, Baroness
Lynda Chalker before he took his seat after the national
anthem.

www.vanguardngr.com/2013/11/jonathan-says-strong-makes-surprise-appearance-london-conference/

Sahara reporters and others can go to hell with their lies..