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Babanah's Posts

Nairaland Forum › Babanah's Profile › Babanah's Posts

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Politics › Re: FG Considers Law To Prevent Reversal Of Economic Reforms by Babanah: 11:03am On Oct 27
Going further I think this administration should also institutionalise the revenue distribution between the states and local governments. A sharing formula must be established and put on our statute book.
Politics › Re: FAAC Allocations And Hold Your Governors Accountable by Babanah: 9:07am On Oct 15
Elusive001:
FAAC stands for the Federation Account Allocation Committee in Nigeria. It is a statutory body that meets monthly to review revenue collected by the federal government and share it among the three tiers of government: the Federal Government, the 36 State Governments, and the 774 Local Government Councils. (Credits Google)

Most APC/Tinubu’s would tell Nigerians to hold their state governor responsible or accountable for development in and of the country. They do this to shield their god from being blamed for his poor and bad governance.

These are the same people who blamed Jonathan for everything bad or unpleasant things that happened during his regime. Today, no sector of the country is working well.

Well one cannot really blame Tinubu. When he "built" Lagos, cement was less than N200 per bag. Remember that according to his supporters Lagos was a bush till he cleared it and built it.

According to them, the following did absolutely nothing in lagos State:


Brigadier Mobolaji Johnson – May 1967 to July 1975

Commodore Adekunle Lawal – July 1975 to 1977

Commodore Ndubuisi Kanu – 1977 to July 1978

Commodore Ebitu Ukiwe – July 1978 to October 1979

Lateef Jakande - October 1979 to December 1983.

Air Commodore Gbolahan Mudasiru – January 1984 to August 1986

Navy Captain Mike Akhigbe – August 1986 to July 1988

Brigadier General Raji Rasaki – July 1988 to January 1992

Sir Michael Otedola (1992–1993)

Colonel Olagunsoye Oyinlola – December 1993 to August 1996

Colonel Mohammed Buba Marwa – August 1996 to May 1999.

And finally the federal government of Nigeria.

Now what they do not tell you is that FAAC allocations are shared as follows:
• Federal Government: 52.68%
• State Governments: 26.72%
• Local Government Councils: 20.60%

The federal government under tinubu gets 52.68% of federal allocation in Nigeria. Let this sink in: 52.68%

The 36 states get to share 26.72%. This means that some states will get mere 1% or less, yet they want us to excuse the one who gets 52.68% and blame the one who gets less than one percent. Please, can someone make this make sense to me?

To support Tinubu and the APC is truly difficult task.

Bwala was actually correct.
The moment we Nigerians start to use our brain the better. The federal government only collects 52.68% of federally collected revenue. The federal government has no other sources of revenue yet it is in charge of defense, internal security, foreign affairs, research institutions, federal educational institutions etc. states have at least two sources of income federal allocation and internally generated revenue yet they cannot perform. If I may add further the local governments legally have three streams of income yet they are more or less not functioning. The number one problem with Nigeria are Nigerians
Politics › Re: Umahi Makes U-turn, Removes Demarcation On Niger Bridge by Babanah: 4:58pm On Oct 07
I they say where I come from “Only a fool wouldn’t change his mind”.
Politics › Re: Chief Olu Falae At 88 Years! Here Are Some Facts About Him. by Babanah: 11:25am On Sep 23
May I add he holds a masters degree from Yale University USA.
Politics › Re: IG Orders Police Officers To Shoot Anyone Carrying Illegal Firearms by Babanah: 11:25am On Jul 25
Mynd44:
The risk is that the officers might shoot innocent people and then plant guns on them and justify it.

Extra-judicial killing is wrong in any guise as it gives excuses to corrupt people in the police
We must stop being negative and looking for excuses not to do the right thing. Even in developed countries that is the standard operating procedure. Quick warning any slight hesitation open fire. We have to be objective and straightforward in solving our problems in this country in order to move forward.
Politics › Re: Local Government Autonomy Stalled Despite ₦10.48 Trillion In Allocations by Babanah: 10:26am On Jul 17
Nigerian politicians are being clever by half, that is one of the reasons the country is not making much progress.
The intent of the constitution in my understanding regarding funding the three tiers of government is as follows:
The federal government collects revenue due to the federation to the (Federation Account ) and then distributes among the three tiers of government. This supplements the revenue collected by the states and local governments individually.
The share due to states and local governments are paid to the joint state and local government accounts. Replicating what is done at the federal level. The state will then distribute to the local governments. But it does not stop there. The state government is supposed to SHARE part of its internally generated revenue with the local governments.
In essence the federal government has one stream of revenue. The states have two while the local governments should have THREE.
Why should this be the case because the local governments are closest to the people. And should provide for their basic needs be it health, transportation, schools and other social services.
This is one of the reasons there appears to be so much poverty in the land.
Politics › Re: State Police Won’t Fix Insecurity, Ezekwesili Urges Full Restructuring by Babanah: 3:22pm On Jun 16
We have to be a bit creative about this lingering problem. We don’t need state policing . What we need is a decentralised Nigerian Police. Power should be devolved to the Police Commissioners in the states. The IG cannot run the police from Abuja. Second funding should come from the three tiers of government. So the state police commissioner will prepare his budget based on funding input from the three tiers of government.The federal government may pay salaries, the state governments in charge of building infrastructure and local governments could maintain for the benefit of the local population. Also the state police commissioner will only be appointed after prior consultation with the state government, conversely if the state police commissioner is not up to the job, the state governor can publicly declare that he has lost confidence in the state police commissioner. In that case there are checks and balances.
Politics › Re: President Tinubu Approves The Postings Of Ambassadors by Babanah: 5:31pm On Mar 06
And also to his home in California.
Politics › Re: Pictures : Past, Present and Future Governor Of Lagos State? by Babanah: 4:27pm On Mar 03
Up ADRAO
Politics › Re: Mr President & Nat. Assembly, push for REGIONAL POLICE instead of State Police by Babanah: 1:02pm On Feb 27
We don’t need State Police. People tend to refer to countries like the USA as examples. Local police in the USA are the most useless in terms of policing. Remember the incident that sparked off the black lives matter protests. NYPD, LAPD all have problems. Same thing in Brazil where Federal Police has an overwhelming presence.
What we need is a hybrid arrangement. In terms of control, the federal government is allowed to appoint state commissioners of police after consulting the state Governor. If the the governor is not happy with the performance of the police commissioner he has the right to declare at statement of no confidence in the police commissioner which must lead to his replacement.
Funding must be provided by the three tiers of government. The state police commissioner budget is funded by the three tiers of government. The federal government may focus on personnel costs while the state and local government focus on capital expenditure. Like building rehabilitation of police stations, providing IT systems with the state, vehicles and other equipments.
The lower cadre of police officers should be residents of the state.
State Police is not a silver bullet.
Politics › Re: DIGs Likely To Retire After Tunji Disu’s Appointment by Babanah: 12:31pm On Feb 25
Kalulu44:
Lets leave Frank, and the other six, they're also junior to Tunji
I think Tinubu strategy is to appoint those he could easily fire if they do not perform. One of the reasons the country has failed to make progress is we keep appointing people based on geopolitical zone. To do this the president sometimes has to rely on the suggestion of political associates from other geopolitical zones. If this person then fails to perform, it becomes difficult to fire him in order not offend anyone. After all he representing his geopolitical zone and not necessarily to perform.
Tinubu is our first foreign educated President and you can see that in his thinking. He thinks logically and as they say logic removes most of life’s errors. He relies on logic and ignores illogical arguments.
Politics › Re: DIGs Likely To Retire After Tunji Disu’s Appointment by Babanah: 11:32am On Feb 25
There is absolutely nothing wrong with this policy. The whole process is “Darwinian”, if you are unlucky enough not to be selected for the top position, then no other opportunity is left. The next move is retirement.
Politics › Re: PENGASSAN Asks Tinubu To Rescind Executive Order On Oil Revenue by Babanah: 12:43pm On Feb 20
My take is the clause was inserted in the PIA to placate the powers that be. Those above the River Niger. The 30% retention was to be used for the oil exploration in the Frontier Basins mostly in the North. But the point is if there are viable reserves in these basins IOCs would have been scrambling to acquire them. Why retain 30% belonging to the Federation for the purposes of exploration in potential fields that IOCs have ignored or unwilling to explore. Eventually this accumulated funds might turn into slush funds for the NNPC.
Politics › Re: Rivers NBA Chairmen criticise Sole Administrator, allege constitutional breaches by Babanah: 9:40am On Apr 18, 2025
rummmy:
can you tell me more about suspension
..im waiting
Under the state of emergency declaration, the President has suspended the Executive and the Legislature as provided under the constitution. And appointed a Sole Administrator.
This is not new, even in the worlds oldest democracy this happened. The Prime Minister of the United Kingdom was granted emergency powers by the House of Commons during the pandemic. This gave the PM powers to make emergency laws as and when required without recourse to Parliament. And this power was in fact exercised by the then PM so it is not new.
Politics › Re: Rivers NBA Chairmen criticise Sole Administrator, allege constitutional breaches by Babanah:
First of all I am not a lawyer, but what most people don’t understand is the constitution has been effect been suspended as regards the state in question. That is why it is called State of Emergency. This “unusual” situation can only be ended through the following means:
1. If the President calls off the state of emergency.
2. When the six month period elapses and is not renewed by the National Assembly.
3. If the Supreme Court declares the declaration null and void.
Nigerians should stop being emotional about this issue. The constitution already provided sufficient checks and balances with regard to the declaration of state of emergency.
Politics › Re: $4m Debt: Why Tinubu Should Be Careful About Chinese Loans — Bolaji Akinyemi by Babanah: 1:39pm On Sep 09, 2024
One thing we seem to be ignoring is that the Chinese loans are similar to Export Credit Guarantee Schemes. The purpose is not to help the Borrower Country but to further stimulate and grow the economy of the country lending the funds. For example the USD disbursed under the Chinese loans would not physically leave China. It is paid by a Chinese Bank to Chinese Contractor who then procures Chinese made equipment and machinery, employs mainly Chinese workers. So in terms of cash flow the funds get disbursed from a Chinese bank to Chinese entities. While counterpart funding received from the local country is used domestically.
So I would say these loans are not given for altruistic reason. Just look at the quantity of trains and stations built for the Lagos Ibadan line and compare with trains in Senegal and Morocco.
Politics › Re: Supporters Knock Tinubu For Having Inferiority Complex In China (Pix) by Babanah: 1:20pm On Sep 05, 2024
Guys use your eyes and intelligence. The taller guys are in the middle while the heights tappers towards the extremes. More like a ‘Bell Curve’.
Politics › Re: Linking Of Blue And Red Rail Lines Has Started, Green Line Not Signed Yet - LASG by Babanah: 10:51am On Sep 04, 2024
But I think the Red Line should have been extended into Lagos Island. Linking the Red Line to Blue will congest the National Theater Station. The optics of the extension would not look good. This is being penny wise and pound foolish. Further more Lagos Island should have unground metro. If Amsterdam could have one why not Lagos.
Politics › Re: Why Did She Hold Her Bag While Taking Oath Of Office? by Babanah: 11:52am On Aug 28, 2024
The bag contains the Holy Koran. For some reason Muslims do not hold the Holy Book during swearing in ceremonies.
Foreign Affairs › Re: Burkina Faso Coup Leader Captain Ibrahim Traoré Extends Military Rule By 5 Years by Babanah: 7:33pm On May 26, 2024
thesicilian:
There is no concrete evidence that democracy is better than military rule
Well done look closer home and see the destruction done to Nigeria by the military. I believe it will be utterly impossible for the country to recover from the damage from 1966 to 1999. We are still reeling in the consequences of military rule.
Politics › Re: Confusion As NSA Nuhu Ribadu Reportedly Orders Return Of Emir Bayero by Babanah: 1:28pm On May 25, 2024
Sanusi’s father was never an Emir. He was a diplomat and ambassador. Rather his grandfather was Emir.
Politics › Re: Stop Disclosure Of EFCC Investigation To Customers, Olukoyede Warns Bank Staff by Babanah:
In my jurisdiction, it’s a crime to contact a customer if you have any suspicion about their transaction. It’s called 'tipping off ' which is punishable by up to seven years imprisonment. Not to talk about informing a customer when they are under formal investigation. But anything goes in Naija.
Travel › Re: Foreign Carriers Engage In Price War To Frustrate Air Peace Out Of London by Babanah: 10:55am On Apr 07, 2024
I think the foreign airlines are acting from a play book. Engage in a price war to force out the threat. Then jerk up the price after the forced exit of the threat.
Politics › Re: Zakari Mijinyawa Confirms Escape Of Nadeem Anjarwalla, Binance Executive by Babanah: 5:41pm On Mar 25, 2024
Trust East African Indians, they compete in smartness with Nigerians. They were able to dominate the commercial sector of most East African countries. When they moved to the UK the same thing. Their smartness made them successful in business. Indian African outsmart naija in short.
Health › Re: My Experience With Hard Stool. by Babanah: 12:22pm On Mar 25, 2024
My sympathies to my brothers (and sisters) who have been through this gruelling experience.
But I have one more question. Is it supposed to sink or float? I hear when it floats it’s a bad sign. Why do our oyinbo brothers (and sisters) not experiencing this ? Theirs is usually watery. You can sometimes hear them when the thing bust out with force.
Health › Re: Stop Using Tissue Paper To Wipe Your Nyash After Poo, Always Use Water . by Babanah: 12:35pm On Mar 12, 2024
That’s the original African way of cleaning up. It called “Tamba”.
Politics › Re: Security Arrests Over 100 BDC Operators In Abuja As Naira Slumps To N1980 Per $1 by Babanah: 1:33pm On Feb 22, 2024
I believe the government should stay on course. No backing down. We are nearly there. I can see some light at the end of the tunnel. To my friends buying up dollars as if there is no tomorrow, you will get burned sooner or later because what we have today is not the fair value of the naira and the market will surely correct itself sooner or later. When this happens the speculators will be rushing to dump their dollars and that will further depress the value of the dollar. It is going to be a race to the bottom for dollar speculators. Tinubu is a smart man he knows what is going to happen.
For the government one solution is to establish NGN/USD ETF to segment the fx market and provide a separate ecosystem for current speculators and indeed hedgers
Business › Re: How Wigwe’s Aide, Faleye Olushola, Escaped Death In Helicopter Crash by Babanah: 12:35pm On Feb 13, 2024
ScamKiller:
A helicopter is not more complex than a plane. It is just much more delicate, much more vulnerable, much more unwieldy and has much less finesse than a plane. A plane is a vastly more technological and engineering marvel than a copter. Just the complex intricacies of a plane's jet engine alone has more complexity than an entire copter. The rotors are pretty much the really complex thing in a copter.
You need to understand how a helicopter takes off and remains in flight. There is the vertical rotor and the horizontal rotor. The pilot need to balance thrust created by these different rotor. The bigger rotor keeps the copter in flight while the smaller rotor behind stabilises the aircraft.
That is how a copter turns there is a change in the trust ratio between the main rotor and the small rotor. The aerodynamics of a helicopter is less straight forward.
Planes fly mainly by the thrust generated by the engine and Manoeuvring the wings and stabilisers.
Passenger airlines are essentially run by computers. The pilots simply load in the data and the computer generates the take off speed, V1 etc. There is also the auto pilot when the plane reaches cruising altitude. Planes are also build with lot of redundancies as well.
Business › Re: How Wigwe’s Aide, Faleye Olushola, Escaped Death In Helicopter Crash by Babanah: 11:33pm On Feb 12, 2024
obrian888:
You are right, Planes are build to fly, while helicopters are being forced to fly.
Aptly put, the only advantage it has is no need for a runway. And I believe it should only be used for short distances.
Business › Re: How Wigwe’s Aide, Faleye Olushola, Escaped Death In Helicopter Crash by Babanah:
todugo:
what do u mean by complex? Do you know how many engine and control units a plane has?
Go and read about how a helicopter becomes and stays airborne. Then a plane's aerodynamics.
Business › Re: How Wigwe’s Aide, Faleye Olushola, Escaped Death In Helicopter Crash by Babanah: 9:53pm On Feb 11, 2024
The truth is a helicopter is a more complex aircraft than a plane.
Business › Re: I Just Lost 400k by Babanah: 1:42pm On Nov 04, 2023
To all my friends trying to hedge their funds with FX know that the foreign exchange market is very volatile. Even for Financial Institutions, we hedge our FX positions using FX swaps in the short term as we cannot predict long term currency movements.
Twice in my career GBP:USD rate had been 2:1, meaning one Pound would fetch you two Dollars. Today the rate is about 1.2 to the Dollar.

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