Rossikki:


This is a misguided view in my opinion. There is no secret about how much Nigeria earns. She exports x million barrels of oil per day, and at x price for Bonny Light crude oil on the international market, she earns X amount, which roughly adds up to the annual earnings published. You might quibble over two billion dollars here or three billion dollars there missing from NNPC accounts, but these are tiny amounts in the grand scheme of things. If we diversified away from oil in a meaningful way, those missing monies would hardly be noticed, because in reality, they are peanuts. Do you think they don't steal money in America, France, UK etc? Of course they do. But because they earn so much damn money, the corruption can be hushed over and ignored, once a few people are paid up. But in Nigeria, we are easily hampered by ''missing NNPC money'' because we are sooooo dependent on that money. It's all we have. We need to diversify away from oil.

Well, you didn't need to use the word misguided while making your point.
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In any case, I completely agree with you about diversifying sources of govt earnings. I would even go as far as restructuring our entire govt setup so as to give states more powers & responsibilities to make them more productive.
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Having said that, I am still of the view that, with our current setup, the country should be earning much more than it does now but not for corruption. I'm not focusing on stealing the money after it has been officially delivered to govt, I'm talking about the stealing that happens before the money even gets to govt.
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Why does every immigration & customs officer wants to work at our land borders? Do you have any idea what goes at our ports? I don't even want to mention NNPC. Is the FIRS remitting as much as it should (I have friends who work there so I have an idea)? Are citizens paying as much tax as they should? Certain agencies (like FRSC, JAMB, NCAA, etc) do they remit sufficiently to govt? But not for corruption, NNPC should be unbundled and made function in the same model as PETROBRAS, PETRONAS, SAUIDI ARAMCO, etc. These govt oil corporations in these countries remit huge amounts to govt unlike NNPC.

Very interesting perspective. I have had similar discussion with my friends. Just compare the budget per capita of countries and you'll see how pathetic the Nigerian situation is. $22Bn / 190m = $115. Compare this to South Africa $103Bn / 56m = $1840. So, as one will observe, SA spends 10x more than Nigeria for each citizen per year....meaning they can better provide health care, quality education, infrastructure, etc than Nigeria. The Nigerian deficit continue to compound every year.
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Think about family A that is just the man, wife & 3 kids, but they earn N10m pa. Contrast this with family B with man, 3 wives and 14 kids, yet their total income is N2m pa. Do I need to say more?
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As one might observe, it looks like we are still hopeless even with zero corruption. However, one could argue that our low earnings is itself a result of corruption. Most of the money that should get to govt coffers usually gets looted. The oil sector, Nigerian Customs, NPA, NNPC, ETC should all be generating more revenue to govt, yet what you see is that the bosses of those agencies earn far more than what their agencies remit to govt. Corruption in Nigeria is not limited to those of elected officials.

Had this same act happened in some other part of the country, the entire narrative on this thread would've been completely different.

modath:
This Tambuwal faux pas is the biggest political blunder known to mankind, nothing explains it, nothing can justify it.

My people have a saying " Home is the resting place after a farming season/sojourn".... No matter how alluring or enchanting it is outside, when the sun sets, it's to return home... Tambuwal totally forgot how the "homestead" really /was when he was allowing Wike & co gass up his head that they have a solution to the chronic PDP problem called Hurricane Buhari!

Saraki that he helped secured support from NASS/PDP in his SP coup, has shown him his true colour in less than a few weeks.... Kwankwanso has seen the foolishness in his Ill conceived moves & wishes he too could backtrack....


Where is that R.Kelly track by way? It fits right here..

Chai!

If I could turn back the hands of time....

As a people, we lack dignity and principles. And this is just not about politicians, it is a pervasive problem across all strata of society. Once you become a politician and show these negative traits, people erroneously think it's because you are a politician. Wrong! it's always been there in you, politics only made it obvious.
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This idea of decamping and then suddenly speaking negatively about your old party and glowingly about your new party is just ridiculous. This is not about only Akpabio, but all of them...Atiku, FFK, Saraki, El Rufai, etc.
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Atiku really amazes me. Dude has left the PDP twice, calling the party all manner of unprintable names. But yet has gone back twice, praising the party to high heavens.
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Zero principles all over!

resurgent2019:


You should know Osinbajo cannot act without Buhari's approval na......i tire for una oo

Dude has been doing shit since without consequences. Even had the balls to give negative security clearance to the president's nominee. He wrote to the Senate instead of writing to the president to inform him of any issues with Magu.
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IGP has also been reported to flount the president's instruction to relocate to Benue. All these without consequences.

Don't know if it's true or not, but the speculation is that he acted a script to whip up public sentiments ifo Saraki. Wouldn't surprise me, though, after he tried to collude with the Senate to scuttle Magu clearance.
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Only question is, if PMB was on seat, would he have had the balls to sack Daura?

Don't know if it's true or not, but the speculation is that he acted a script to whip up public sentiments ifo Saraki. Wouldn't surprise me, though, after he tried to collude with the Senate to scuttle Magu clearance.
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Only question is, if PMB was on seat, would he have had the balls to sack Daura?

FarahAideed:
Are they saying Daura acted on his own ? Hahahahahah.....these people are only fooling them selves

Don't know if it's true or not, but the speculation is that he acted a script to whip up sentiments ifo Saraki. Wouldn't surprise me, though, after he tried to collude with the Senate to scuttle Magu clearance.

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Twitter definitely has more rational & objective members than NL.
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On Topic: We are just grossly shameless as a people. This is not about politicians, it is about the moral standard of society. Nigerians are just so brazenly morally deficient.

KALMA1:
$48 NETELLER FOR SALE

I need $30

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OAFMods:
Clownish jerk if you do not sell electricity to Ghana n co, they will dam the river and you will have neither have the water to generate your own electricity nor the revenue generated from selling generated electricity to them. You don’t criticize just for the sake of your tribe is ridden with hateful. You criticize with intelligence. Now, I know that has been replaced with hatred in 99.945 Igbos.

What is the proportion of electricity that is being generated by Hydro (Dams)? I understand it's less than 25%, with the rest being from gas fired plants.
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So, are we giving out a portion of this Hydro power or we are giving out portion of our entire electricity? I'd like to be enlightened.

These State Legislators even rejected their own Autonomy during the last constitutional ammendment. While they must be commended for, at least, agreeing to extricate themselves from "Slavery", it is quite disappointing that they didn't extend this "Freedom" to cover local government administration.

Cuteamigo1:
i love your last paragraph. the only thing we know how to do is to pray against our problems. imagine if young vibrant Nigerians have a platform to carryout a convention occasionally to discuss problems like this, am sure alot of solutions would have been generated but again the dinosaurs in power wouldn't have known how to implement it. i drop my pen here.

While the Chinese are building factories on every street, we are building churches on every street corner. Rather than think and work, we delude ourselves that we can pray ourselves out of problems

einsteine:
OP lacks economic education.

It's not ven a desirable thing for Nigeria to make $1 equal to 1 Naira. That strong economies like japan and Korea are not bothered by the nominal value of their currencies and the relatively high exchange rate to the dollar should tell the OP that a strong currency is not necessarily desirable.

Secondly, that the OP uses the numerical value of bank notes as an argument for his point is a sign of the economic illiteracy that would definitely permeate the rest of the write up. Given the lack of sound economic thinking in the initial paragraphs, i didn't waste my time reading the rest.

I couldn't agree more. That writeup is not even elementary economics, it's layman economics or worse.

Junior66:

Exactly what I told him.

I'm actually not worried about the OP"s view, but rather the 100s of young people who "liked" it. It shows that if the affairs of this country is entrusted in the hands of these, we are doomed.
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Once you diagnose a problem wrongly, you are most likely going to proffer the wrong solution.

Jorussia:
I don't support this bill. We need to invest massively in the infrastructures in our health care system. If the infrastructure is world class,foreign medical tourism will die a natural death.

Who is going to make the investment? Is it the very people responsible but who all prefer foreign medical trips. Maybe if they understand that they can't seek medical services abroad as public servants, they might think about making the local medical centres to work.

@OP, you are erroneously comparing currency strength based on their nominal value. Nothing could be further from the truth. Currency value is determined by their purchasing power, which is a reflection of the overall health of the economy.
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Are you suggesting that the Ghanaian Cedi is more valuable than the Japanese Yen, simply because it has a lower comparative nominal value?
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Higher denominations do not cause a currency to weaken, but rather weak currencies (with low purchasing power) causes the need for higher denominations. Solve the weak currency and the need for higher denominations disappears. You solve the problem of weak currency by increasing productivity, having a positive trade balance (export more than imports), etc.

"Salary payment is not something that a succeeding administration can ignore to pay, but it can decide to abandon uncompleted projects. That is why the completion of ongoing projects is very important and that is why Governor Fayose had decided to devote the N11b to projects completion," he explained.

So, based on this warped logic, Fayose would rather leave unpaid salaries for the next administration to immediately be under intense pressure.

LordAdam16:


Bank servers are been hacked regularly mister.

https://www.usatoday.com/story/tech/2015/02/15/hackers-steal-billion-in-banking-breach/23464913/

https://hacked.com/banks-still-losing-money-through-swift-attacks/

Hundreds of millions of dollars are lost annually from hacks on the SWIFT protocol alone.

So stop thinking every skeptic is a pessimist or heavily uninformed like you are.

Aside hacking, voters machine may not be used in some areas, they'd conveniently stop working in other areas where Buhari is likely to lose, and like in Kano in 2015, null votes in pro-Buhari areas would be almost non-existent in 2015. And these are just a few of the ways to rig conveniently.

The PVC and electronic voting especially in Nigeria is not full-proof.

And just so you know--anything can be hacked with the right resources. It's practically a maxim in IT security.

-Lord

Thanks for the compliments. I can see that we've done away with banking and gone back to stone-age savings methods for fear of hackers.

femicyrus:
very easy to rig elections with this. just a pay a foreign software wizard to create a virus, hack inec server and manipulate the result in favour of your party.

If the "wizard" has such wizardry, he should hack a bank server and manipulate accounts in his favour.
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Stop being so negative and primitive. Technology has come to stay.

Kingwizzy16:
Lol.. Even buhari borrowed his, so you can also boro yours sir!

Buhari borrowed to buy nomination form and not to finance his campaigns. There is light years difference between the two. PMB's campaign was bankrolled by Amaechi, Tinubu and Co.

michlins:
plastic surgery isn't for ugly people but for people with inferiority complex. Spot the difference

That's a brilliant point.

SOIL ORGANISMS - "organisms found in the soil".
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My agric teacher would score you zero for that definition...lol.

Pataricatering:
which majority ? I laugh when I see people deceiving themselves ! 2019 will shock you ! Hmmn

I said "might". BTW, in 2015, GEJ and his minions thought Nigerians were deceiving themselves.

refreshrate:


she was being sarcastic
you people should calm down.

Too much maggi

Of course, she was. And I was too.

Abogwara:
This happens when you have excess money.

And a dearth of intellect.
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Wtf is a state government doing building a huge religious complex when there are millions of unemployed citizens looking for industries to work.

Apparently, she's always on the losing end of the voting spectrum. The majority of Nigerians might vote against PMB in 2019 - meaning she'll lose again.

baralatie:

states are free to determine exactly what type of agro business it wants to capture in its internal generation revenue drive. If the core northern states are opposed to its traditional business of cattle rearing and it is opposed to large scale piggery rearing.is it abia or anambra that will open its doors seeing that cattle rearing does not work in any of the northern states

In fairness, I wouldn't say the core northern states are opposed to cattle rearing. I think the states closer to the sahel region are suffering from environmental issues (desertification). Hence the need for the herders to migrate down south where they can find vegetation to feed the cows.
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But as I opined earlier, group ranches should be the exclusive prerogative of state governments. If a state says NO RANCHES in their vicinity, then that should be respected by all. If they are willing to provide ranches or colonies for cattle rearing, then they should set clear rules of engagement between the herders and the locals to prevent conflict.

laudate:

Please try to be smart. Most Igbo spare parts dealers, build or lease their shops from private owners, and inside market spaces. How many of them did govt build shops for, specifically?

If a government deems it fit to provide ranches (or colonies) for cattle rearers, there is nothing implicitly wrong with that if the objective is to control their activities. My concern is that this should be the exclusive prerogative of state/local governments and not the FG.
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MACBAN should visit each state governor and discuss these issues with them. The fact that the FG is trying to impose these colonies on states is very worrisome. I'm not aware of the FG building spare-part markets for igbo traders or the FG building parks for transport businesses.