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Politics / Re: Soludo Says Aganga Is Either Ignorant Or Lying by calyx: 9:29pm On Feb 01, 2011 |
safariman: I am sure you cannot present a single evidence of Sanusi taking on Soludo. NEVER. The worst Sanusi has said is that if Soludo had done what he is doing now, things would not have been this bad. That is simply laughable. The only different thing he brought on board is the strategy of harassment. . .which may have worked in its stead. . .yea i give him the credit. And of course the fact that he told the lawmakers to their face that their consumption rate is driving inflation crazy and making his job more difficult. period |
Politics / Re: Nuhu Ribadu Picks Dr. Sunny Ugochukwu As His Running Mate #acn #nigeria2011 by calyx: 9:08pm On Feb 01, 2011 |
sandra123: Is this a joke? |
Politics / Re: Public Debate: I’ve No Time For Soludo – Aganga by calyx: 3:27pm On Feb 01, 2011 |
Dis Guy: I withdraw the use of that word. . .I hope you understand I was just trying to make a valid point |
Politics / Re: Public Debate: I’ve No Time For Soludo – Aganga by calyx: 2:42pm On Feb 01, 2011 |
Dis Guy: Are you serious? This contribution is completely bigoted. . .okay at best ignorant! ALL we have heard is shouts of people who have stolen billions and billions and billions and yet all we see is Cecilia Ibru who was committed to six months jail because she approved credits above her limits and instead of serving her 5-year jail term as applicable for the crime, her family opted for a plea bargain, giving up about N191 bn worth of assets so she can serve only 6 months in Jail. . .the 6 months she ended up serving in her house. Would this be all there is to do with the time of a CBN governor? Pray what is an achievement? So the new one is that Ideas-lacking cronies are now claiming that a mere lull in the economy in now a new heights. Show me Nigeria of our dreams. . . |
Politics / Re: Public Debate: I’ve No Time For Soludo – Aganga by calyx: 10:20am On Feb 01, 2011 |
Ma_J_Blige: He had said it over and and over and over again even after his regime in CBN. The Banks were absolutely safe in his CBN. Was there a problem? Yes! Bad loans. Was CBN willing, ready and capable of containing the problem? Yes and that was already in progress but quiet. The Banks were not going to fail. The only thing that was different was STYLE. While Sanusi took printed money and took over the banks thus sacking their heads, Soludo was giving the banks, financial support via the background pending when they are up on their own. I also know that recapitalization of banks were being worked out as a result of some of the issues. This would ultimately have led to the removal of some of the bank heads. Would Cecilia have gone to prison? That I cant tell but I dont think Soludo's priority at the time was sending people to prison. The thing that is being missed between Soludo and Sanusi is that while the former was bound to CREATE, DEVELOP and ATTAIN new heights in the financial markets, even with the attendant risks, the latter threads very carefully, content with just doing the basics and avoiding controversies |
Politics / Re: Soludo Says Aganga Is Either Ignorant Or Lying by calyx: 12:02pm On Jan 31, 2011 |
Gbawe: Am sure you are more intelligent than these rabid statements (in bold) |
Politics / Re: Soludo Berates Aganga (challenges Him To A Debate) by calyx: 10:27am On Jan 31, 2011 |
violent: Everything is wrong with stifling your expressions or lacing them up just because you were once a CBN governor. Its also obvious from the letter that Soludo is trying to pick a fight which is welcome if it must help us address some of these economic issues. |
Politics / Re: Soludo Berates Aganga (challenges Him To A Debate) by calyx: 10:21am On Jan 31, 2011 |
violent: I searched and failed to see the "unforgivable grammatical errors" you'd make us believe infested this eye popping letter. And for how Soludo addressed Aganga, he can choose as an individual to address another individual in any mix of languages/words provided they are not abusive |
Politics / Re: Voter Registration. . . Jega Asks For Another N6.6bn by calyx: 4:36pm On Jan 27, 2011 |
foreman: and 42 people per center in 8 hrs (8am to 4pm) is approximately 11 mins/person. An AMPLE time for common registration if you ask me. The MTN/ZAIN guys that registered my sim card didnt take more than 40 secs each. The sim registration was even a little more tasking when zain was asking for all manner of things. I think Jega has failed woefully |
Dating And Meet-up Zone / Re: I Need A God Faring by calyx: 1:17pm On Jan 27, 2011 |
ADAOBIM .C: Please attach your picture |
Romance / Re: I Luv My Frend, But Dis Is Beyond My Power. by calyx: 1:15pm On Jan 27, 2011 |
Marry the guy and love him. Your friend should go to. . . |
Politics / Re: Jonathan Appoints Ojukwu's Wife As Special Assistant by calyx: 1:00pm On Jan 27, 2011 |
bisiaet: Apologies but this post is senseless |
Politics / Re: Voter Registration. . . Jega Asks For Another N6.6bn by calyx: 12:53pm On Jan 27, 2011 |
I never thought Jega was going to get this exercise right. It was obvious with all of the hiccups heralding the exercise that a lot could go wrong with the very little or no planning. And to imagine Jega actually thought he was going to get 70 million ppl registered in 14 days. . . |
Politics / Re: Ribadu Responds To Critics-- "i Was Never Used By Obasanjo" by calyx: 3:49pm On Jan 23, 2011 |
We know better. . . |
Politics / Re: Biafra Is Dead by calyx: 3:45pm On Jan 23, 2011 |
Pornodude: You cant be too sure bro |
Romance / Re: Do I Call It Love Or Insecurity? by calyx: 6:35pm On Jan 18, 2011 |
Know something about temperaments This guy is very likely an introvert and your description of him is a major characteristic. With guys like this, there are positives and negatives. The key negative is that he can get very very insecure and always on the tab to ensure you aint doing the wrong things. Positives? You can almost be sure that this guy will not do anything to break your heart if you dont give him reason to. They are mostly good guys and rarely cheat amongst others. I dont think you should leave him but you need to do some work of emphasizing your loyalty to the relationship (thats if you really want to keep him) |
Romance / Re: Did I Marry The Wrong Person? by calyx: 6:09pm On Jan 18, 2011 |
You must not marry who you love. Just try and love who you have decided to marry. |
Politics / Re: Describe Gej In Two Words. by calyx: 1:09pm On Jan 08, 2011 |
flipping disaster |
Politics / Re: Gej's Visionlessness And Spending Is Annoying. by calyx: 6:32pm On Jan 05, 2011 |
johndoe200: Of course the nation now understands Goodluck Jonathan's plan. Is it different from the scam 2011 budget he has refused to defend? |
Politics / Re: President Jonathan To Appoint Anti-terrorism Chief by calyx: 1:57pm On Jan 04, 2011 |
Beaf: Pray what does the National Security Adviser (NSA) do? Does Jonathan really have to appoint another Adviser on Terrorism or since when did terrorism cease to be a part of security issues? |
Politics / Re: Saraki Leaves PDP In Frustration by calyx: 3:12pm On Jan 01, 2011 |
@Beaf If your claim is true that Jonathan is a very popular president, how come you are the only one in many threads who rise in support of Jonathan whenever any issue is up. Is it that you like to live in illusion or that your just doing what they have asked of you? |
Career / Re: Which Is A Better Place To Start A Career- Access Bank Or Airtel by calyx: 2:37pm On Dec 31, 2010 |
t-luv: I would go with Access Bank. I was in Access Bank training school too for four months and it doesnt kill anyone. I think the pay in training is now about 45k. we earned 30k when we were there. Depending on the career you really want to pursue, I think Access Bank in many ways will give you a greater leverage to launch your career because all of the bad things the bank is known for like stressing their staff, tough training etc only make the staff very attractive to other companies (in case you want to jump ship later). . .and you know am saying this from experience. When you are done with training, the pay will not be less than 100k. Normal executive trainees earn abt 174k but fresh exec trainees will start from a lower level but I hear that the pay differential is not much so it could be well above 100k. And then, job security in Access Bank is the highest in this industry because we have a very low staff strength so relatively, there is work to do. You can be asked to resign o dont get me wrong but then it must have to do with fraud or fraud related activities. We rarely ask people to resign because of performance these days because such people are now put in a special programme called PIP(performance improvement plan). And of course you know that with all of these CBN issues, no one was laid off from here. So its ur choice really but Access Bank training school is the next best thing that can happen to anybody (you can find out). I dont know too much about Airtel so am sorry I cant help you there. Goodluck as you decide. 1 Like |
Politics / Re: Jonathan Dangerously Empowering The Chris Uba & Brothers Again ! ! ! ! by calyx: 1:49pm On Dec 31, 2010 |
Ofido: Sorry, YOU love the Ubas and of course this would be understandable by the time your profile is identified. Jonathan can do anything to win PDP primaries even it means destabilizing states that have enjoyed relative peace for sometime now. |
Politics / Re: Nigerians Shine Your Eyes by calyx: 1:42pm On Dec 31, 2010 |
Beaf: am sure a lot of people already said it in this forum. It will be a very sad day, the day Jonathan becomes a president of this country for another one day after May 29th. Jonathan as a matter of fact is the worst of all the other guys you have mentioned. This Jonathan just makes me greatly miss late President Yar'Adua |
Politics / Re: Pastor Adeboye Prays For President Jonathan - Picture & Video by calyx: 12:31am On Dec 21, 2010 |
How come Jonathan is looking like an i.diot in that picture. . .mumu presido |
Romance / Re: I Officially Want An Nl Romance,single Guys Only. by calyx: 7:29am On Dec 19, 2010 |
Hey, hows the handsome-six footer-rich-UK based single guy search goin, mygold-digger |
Politics / Re: Wikileaks: SECRET CABLE FROM US EMBASSY ABUJA by calyx: 11:48am On Dec 09, 2010 |
Please keep the leaks coming |
Politics / Re: Atiku In Secret Meeting With Soludo In London [soludo Who Couldn't Win His Lg] by calyx: 1:45pm On Dec 07, 2010 |
I believe very very strongly without any apologies that Soludo is still one of the very few people in this country today that can put forth ideas to develop the economy of this country. |
Politics / Re: Atiku May Do 8 Years - Northern Politician by calyx: 3:52pm On Dec 06, 2010 |
The Zoning arrangement might just be the tool that Nigeria, at this nascence of its democratic experience, will deploy to avoid the maladi that is the case in Cote d'Ivoire today. |
Politics / Re: Nigeria To Interpol: Arrest Dick Cheney! by calyx: 5:34pm On Dec 03, 2010 |
Can these guys in EFCC ever stop joking |
Politics / Re: Sanusi And National Assembly: A Wasted Opportunity by calyx: 5:28pm On Dec 03, 2010 |
My sentiments too. . .The guy took his time |
Politics / Sanusi And National Assembly: A Wasted Opportunity by calyx: 3:39pm On Dec 03, 2010 |
Sanusi and National Assembly: A wasted opportunity Opinion-- "I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink, but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death." Thomas Paine. The CBN Governor, Sanusi Lamido Sanusi (SLS) made a statement during a two hour speech in an academic community which made headlines as it touched on the growing debate over the huge cost of government for which, in the light of our decaying national infrastructure, increased borrowing and need to prioritise spending has captured the attention of everyone concerned about the consequences. The NASS responded to this use of data expectedly - seeking to stem the momentum the CBN Governors statement had stirred up - by inviting him and the Honourable Minister of Finance, Mr. Olusegun Aganga for a public hearing over two days. If anyone had thought that this meeting would benefit the Nigerian tax payers, this expectation quickly evaporated as the exchanges went on. It however remains an instructive episode - the video tape of which should be made and shown in schools with a title - A Wasted Opportunity! THE SENATE HEARING - SUMMARY Bearing in mind that the foundational data for this controversy emanated from the Budget Office, the NASS public hearing succeeded in revealing three things: 1. that the figures used in managing the economy is subject to dispute between the principal officers of the executive on the one hand and the legislature on the other hand; 2. that the Ministry of Finance has an issue with internal alignment of statistics and data as exemplified in the exchanges described above; and 3. that there remains a need for a clarification of the definition and component parts of what makes up government overheads/recurrent expenditure. Definition of what is overhead: A follow-through revealed that the CBN relied on two key documents as a guide for its understanding of what constitutes overheads: (i) the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper from the Ministry of Finance which was forwarded to the NASS under cover letter from the President, in which, on page 40, the total Federal Government overhead as a line item is stated as N536.27b. The CBN represents that this aligns with internal figures. (ii) The "Citizens' Guidelines to Understanding the 2009 FG Budget", a document published on the MoF official website (http://www.budgetoffice.gov.ng/), in which the components of Recurrent Expenditure and Overheads are clearly stated (see Part A, under General Issues, Recurrent Overheads -http://www.proshareng.com/reports/3055) The exchange between the NASS, HMoF and SLS highlighted the important issue about the unacceptability of a situation where there are different versions on the same statistic/data for decision making in our economy. The question that however comes to mind is that - why should there be a total overhead figure as stated in (1) above without the inclusion of the 'service-wide' overheads? Why should a 50 year old nation have issues with what constitute its overheads? THE UNDERLYING MESSAGE SLS was indeed validating what every Nigerian already knows and is worried about; something I suspect the NASS appreciates but has not fully addressed, or is unable to address without public intervention - that our income side continues to go down while both our capital and recurrent side continues to widen, the consequence of which the monies previously kept aside for a rainy day such as the Excess Crude Account (ECA) no longer exist requiring us now to resort to borrowings - a desperate and unsustainable measure. The underlying concerns are situated in the following: 1. The widening cost of running Government; 2. The need to be austere, fiscally disciplined and prioritise expenses; and 3. The cost and nature of our political culture, one steeped in patronage and not performance, which alters actions. Indeed, the nation should be alarmed that if the CBN Governor is making a claim purely on the basis of data contained in the Federal Governments Budget, and he chooses to use same to highlight a point to the next generation - he was simply stating the obvious. Anyone accessing the MoF website can access the same information and arrive at the same conclusions. WHAT SHOULD HAVE HAPPENED? 1. The CBN Governor publishes his presentation and the source of the publicly available information he relied on. Given that speakers often introduce a comment here and there, a video clip of his presentation can be shown on TV/online. It would appear that not doing this absolves the media of overtly sensationalising the story. 2. The National Assembly issues a rejoinder stating its position or compels the Budget Office to immediately clarify the figures using data it provided the NASS and the CBN Governor. 3. The visit of the HMoF and the CBN Governor presents an opportunity to discuss the main substance of the lecture - the high cost of government and the implications for the economy. TAKE AWAYS! - LESSONS LEARNT The increase in apathy and society's disenchantment with the NASS is the symptom of a vacuum in our management of democracy's deliverables. If we are to develop as a nation and strengthen our democracy, this episode offers us valuable lessons that must not be lost, viz: 1. Courage combined with integrity is the foundation of character, and SLS sent a message to the future generation that will reverberate for as long as he remains consistent. Based on personal integrity, he inspired all to stand up to the system - that is how change and progress will be achieved. 2. Olusegun Aganga had an opportunity to make a case for the better management of the economy starting with the need to prune down the cost of Government. 3. Legislators cannot heckle, bully or be seen to intimidate invited guests in the hallowed chambers of the National Assembly - the heart and soul of our democracy where freedom of thought and expression is protected. This is a learning point in the legislature-executive exchanges for the future; just as invited guests are also expected to conduct themselves properly by giving reasoned responses and information even when not under oath. 4. NASS, it would seem missed the opportunity to engage the public on the cost of running our democracy - be it 3% or 25% - thus rendering the time spent organizing the public inquisition a considered waste. 5. Inter-agency co-operation within government appears disjointed and work is required to ensure that data is centrally co-ordinated - gathered, stored and easily retrievable by those cleared to access same. 6. The day of reckoning is nigh as our resort to borrowings to fund recurrent expenditure appears unsustainable - here the Minister of Finance and the CBN Governor appear to have a congruence of thought. 7. The growing number of unemployed youths and out-of-school young men for whom the legislature ought to be concerned about has reached intolerable proportions and any ray of hope that existed before has been eroded by a creeping feeling of hopelessness, as seen in the misplaced priorities of the NASS who have spent 3 days now addressing a needless subject. There are decent and hardworking men and women in the NASS who simply want to serve their country and just like what obtains in every sphere of human life, they often go unheard, their efforts fail to make the front pages of newspapers or their voices are drowned in the noise that pervades the clime. Now, the NASS has an opportunity to do the right thing and draw the curtain on this episode. Our democracy requires it and the people demand for it. What we however must not do is to miss the opportunity we have now to resolve the challenges exposed about inter-governmental relations; and the reliability, credibility and access to information from the budget office. We are all shareholders in the stock of Nigeria Plc. By Olufemi Awoyemi, ceo@proshareng.com http://www.worldstagegroup.com/worldstage/index.php?&id=1373&active=news |
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