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 Politics › Re: APC Govt Inherited $63.8bn Debt, Not $7bn, Says DMO by CaptainMeks(op): 3:21pm On Dec 10, 2019 |
The way people run with fake and concocted news and shout from the mountain top as if it is the truth is appalling. The other day everyone who is a wailer was supporting the Dr. Obadiah Mailafiya of a man not knowing all he was saying were all fabricated lies. The truth has caught up with him 4 Likes 1 Share |
| Politics › APC Govt Inherited $63.8bn Debt, Not $7bn, Says DMO by CaptainMeks(op): 3:19pm On Dec 10, 2019 |
https://storage.googleapis.com/thisday-846548948316-wp-data/wp-media/2018/11/93a93ab1-obadiah-mailafia-696x385.jpg Ndubuisi Francis in Abuja The Debt Management Office (DMO) has debunked a recent statement reportedly made by a former Deputy Governor of the Central Bank of Nigeria (CBN), Dr. Obadiah Mailafiya to the effect that the All Progressives Congress (APC) administration under President Muhammadu Buhari inherited a debt stock of less than $7 billion in 2015, which according to him, now stands at $84 billion. In a statement issued yesterday, the DMO said the purported claim was totally incorrect and not supported by public debt data that is readily available on its website “Contrary to the claim by Dr. Obadiah Mailafiya, the total public debt stock as at June 30, 2015, (shortly after the current administration came into office), was $63.81 billion, and not $7.0 billion as claimed by Dr. Obadiah. “Similarly, the nominal increase in the public debt stock between June 30, 2015 ($63.81 billion) and June 30, 2019 ($83.88 billion), was about $20.0 billion, which is a far cry from the gross misrepresentation made at the live programme on Channels that the public debt stock increased by $77.0 billion during this period,” the statement said The DMO stated that it considered it expedient at this time, in the interest of the general public to make some clarifications regarding Nigeria’s public debt. According to the agency, the public debt stock data published by it comprises debt of the Federal Government of Nigeria (FGN), the 36 states of the federation and the Federal Capital Territory (FCT), adding that it is therefore, erroneous to attribute the growth in the public debt stock to borrowings by the FGN only. It also noted that while the public debt stock has increased, the increase is well guided by the objectives of the Economic Recovery and Growth Plan (ERGP) and the Medium-Term Debt Management Strategy, 2016– 2019, stressing that new Borrowing was included as one of the strategies in the ERGP to be deployed in the near term, to stimulate economic growth and job creation. “With the deployment of more funds into capital projects, the borrowings contributed to job creation and the recovery from economic recession in June 2017. The introduction of project-tied financing products (Sukuk and Green Bonds) in the second half of 2017 as part of the new borrowing also supported infrastructural development. The debt management agency also stated that by international benchmarks, Nigeria’s total public debt relative to the Gross Domestic Product (GDP) is sustainable at 18.99 per cent of Gross Domestic Product (GDP) as at June 30, 2019. “However, the government recognises that the ratio of its debt service to revenue is rather high, a situation that is directly attributable to Nigeria’s low Revenues. This is clearly evident from the Tax-to-GDP ratio of 6% in 2018. It is for this reason, that the FGN has developed and is implementing a number of strategies to enhance the Government’s Revenues significantly. “The Strategic Revenue Growth Initiative introduced in January 2019 and more recently, the Finance Bill are some of the measures introduced by the government. It is expected that these efforts would substantially enhance government’s revenue and thus, bring down the ratio of debt service to revenue,” the DMO stressed. The statement pointed out that it was also expedient to highlight the need for the government’s recent request for approval of the $22.718 billion Medium-Term External Borrowing Plan, 2016 – 2018 (outstanding from the $29.96 billion previously submitted) by the National Assembly. The proposed loans which are meant to finance critical infrastructure, it added, will be mostly sourced from the multilateral and bilateral window, and are project-tied. “The loans come with cheaper financing terms namely: low interest rates, longer tenors and ample grace periods. This proposed loans which are concessional and semi-concessional are more cost efficient and would facilitate infrastructural development which in turn would create new jobs; improve the quality of life and make Nigeria more competitive for business. “It is instructive to note that the proposed External Borrowing Plan, also includes the external funding needs of the States and FCT,” the DMO said. https://www.thisdaylive.com/index.php/2019/12/10/apc-govt-inherited-63-8bn-debt-not-7bn-says-dmo-2/ Mynd44, Lalasticlala 2 Likes 1 Share |
| Politics › Re: AMCON: Buhari Replaces Muiz Banire With Edward Adamu by CaptainMeks: 3:14pm On Dec 10, 2019 |
planetx:You are not half smart at all. A christian is a Christian regardless of where he lives. He is held accountable and follows the tenets of Christianity and not the tenets of "Northianity". I am Igbo and i support this totally. Your brain has a corrupted OS 3 Likes |
| Politics › Re: AMCON: Buhari Replaces Muiz Banire With Edward Adamu by CaptainMeks: 3:04pm On Dec 10, 2019 |
In FIRS, PMB replaces a Christian whose tenure ended with a Muslim. In AMCON, he replaces a Muslim with a Christian. WAILERS WILL STILL WAIL 6 Likes |
| Politics › Re: AMCON: Buhari Replaces Muiz Banire With Edward Adamu by CaptainMeks: 3:02pm On Dec 10, 2019 |
alsudan:Shut up. edward Adamu is a CHRISTIAN. 3 Likes |
| Politics › Re: Why Social Media Needs Regulation (countries Outside Africa Speak Up) by CaptainMeks(op): 1:36pm On Dec 10, 2019 |
Kundagarten:Oh really? Yet we wonder how false narratives begin and get spread especially from doofuses like this who falsely think I am simplyleo |
| Politics › Re: Why Social Media Needs Regulation (countries Outside Africa Speak Up) by CaptainMeks(op): 12:45pm On Dec 10, 2019 |
Kundagarten:Why is the social media regulation giving you so much headache? Could it be because you are a zombified wailer? 3 Likes |
| Politics › Re: Falana Replies Presidency, FG Should Stop Subjecting Sowore To Media Trial by CaptainMeks: 12:44pm On Dec 10, 2019 |
olisaEze:Social media today is simply an advanced way of communication. It is no different from the useless gossip we have daily with our neighbours or what our fathers did when they gossiped 200 years ago. Onlt that now it is in cyberspace. Right now the Hutu and Tutsi bitterness has been quelled because the fuel for such hatred has been largely tamed. The only way information is spread easily now is via social media. Regulate that and you bring inter-tribal peace to your nation. This is what Rwanda has done. |
| Politics › Re: Why Social Media Needs Regulation (countries Outside Africa Speak Up) by CaptainMeks(op): 12:40pm On Dec 10, 2019 |
Kundagarten:No economy can be great in the presence of Chaos. China had to place a serious gag on her social media, today they are a world power which stands toe to toe with even USA. Think like a human and not like an animal all the time An economy can be growing side by side with a well regulated social media. 3 Likes |
| Politics › Re: Why Social Media Needs Regulation (countries Outside Africa Speak Up) by CaptainMeks(op): 12:23pm On Dec 10, 2019 |
Simplyleo:That is the fact. Rwanda is advancing greatly and peacefully now because they have successfully put serious regulations on their social media in order to avoid a repeat of their genocide occurrence of 1994 which was caused by hate speeches. That is a small country like Rwanda and then some idiots are saying that for a country as ethnically diverse and large as Nigeria we should not do same especially with the way ethnic bad blood has been brewing between Igbos, Yorubas and Hausas? https://cpj.org/reports/2014/12/legacy-of-rwanda-genocide-includes-media-restricti.php 4 Likes |
| Politics › Re: Why Social Media Needs Regulation (countries Outside Africa Speak Up) by CaptainMeks(op): 12:20pm On Dec 10, 2019 |
Kundagarten:Economies have nothing to do with social media regulation. Same social media is accessible for the poor and the rich so this has nothing to do with economies but rather with social content. Get some sense and stop trying to shift the goal post or do the rich have access to a special twitter or a special facebook or a special instagram from the poor? 6 Likes |
| Politics › Re: Why Social Media Needs Regulation (countries Outside Africa Speak Up) by CaptainMeks(op): 12:14pm On Dec 10, 2019 |
Kundagarten:Nobody is paying me a dime. Sensible countries which you claim to look up to are doing the same thing you are against in Nigeria. Social media is like a country of its own which needs taming otherwise it will consume us all Even the USA whom a lot of you claim holds freedom of speech dearly is working on regulating same social media as my post above shows 6 Likes 1 Share |
| Politics › Re: Why Social Media Needs Regulation (countries Outside Africa Speak Up) by CaptainMeks(op): 12:08pm On Dec 10, 2019 |
USA Regulation is inevitable These and other socially destabilizing behaviours have brought us to the point where even U.S. tech companies, strident libertarians, have resigned themselves to the fact that greater government regulation is inevitable. Tim Cook, Apple’s CEO, said in November 2018 that “the free market is not working” in regards to regulating tech companies’ use of personal data, and that government regulation is “inevitable.” The form that this government regulation may take will be a critical debate in 2019. A new year offers a fresh start for thinking about how best to regulate social media companies’ use of personal data. Calls to regulate social media companies are now coming from scholars and politicians. In December 2018, Canada’s federal Standing Committee on Access to Information, Privacy and Ethics proposed tough new rules on political advertisements on social media. But what should these rules look like and what should they address? As researchers studying internet governance and the regulation of personal data, we identify two elements are at the heart of the social media problem. First, if, as commonly argued, social media platforms are our contemporary town squares, they are being operated as for-profit enterprises dependent on the accumulation and monetization of personal data, a practice that Harvard Business School Professor Shoshana Zuboff calls surveillance capitalism. Second, although these social media companies operate worldwide, they are based in the United States and operate through American rules and norms. The exceptions of course are China-based social media giants like WeChat and Weibo. Regulation strategies The coming year is likely to see many debates on possible regulatory strategies. We offer several ideas to help shape those debates. First, it’s necessary to prohibit the data-intensive, micro-targeted advertising-dependent business model that is at the heart of the problem. In line with what the Public Policy Forum has recommended, reforms in this area should eliminate incentives for the collection and hoarding of data for purposes unrelated to delivering services. As the search engine DuckDuckGo demonstrates, advertising-based business models need not rely upon selling detailed data profiles of customers. DuckDuckGo relies upon advertising keywords based on users’ search queries but, unlike Google, it does not collect data on its users. Second, it’s vital that countries craft rules that are appropriate to their particular domestic social, legal and political contexts. A common criticism is that this is a form of state censorship. But all speech is subject to some form of regulation, such as the prohibition of hate speech. Domestically crafted legislation recognizes that Canada and Germany regulate hate speech more strictly than the United States. Globally operating tech giants tend to resist being subject to different countries’ laws, arguing that global standards are best suited to govern the internet, but these standards often reflect U.S.-style rules and norms that may conflict with local values. Third, and most provocatively, it’s time to consider non-commercial ownership of social-media entities — including non-profit or some form of public ownership. This has been recommended by several U.S. and UK scholars, as well as one of us, to replace the fundamentally flawed for-profit companies that dominate these spaces. http://theconversation.com/its-time-for-a-new-way-to-regulate-social-media-platforms-109413 Mynd44, lalasticlala can we discuss this? |
| Politics › Why Social Media Needs Regulation (countries Outside Africa Speak Up) by CaptainMeks(op): 12:07pm On Dec 10, 2019 |
UK The government has proposed measures to regulate social media companies over harmful content, including "substantial" fines and the ability to block services that do not stick to the rules. It will run a consultation until 1 July on plans to create a legal "duty of care towards users", overseen by an independent regulator. At the moment, when it comes to graphic content, social media largely relies on self-governance. Sites such as YouTube and Facebook have their own rules about what is unacceptable and the way that users are expected to behave towards one another. This includes content that promotes fake news, hate speech or extremism, or could trigger or exacerbate mental health problems. Self-governance YouTube has defended its record on removing inappropriate content. The video-sharing site said that 7.8m videos were taken down between July and September 2018, with 81% of them automatically removed by machines, and three-quarters of those clips never receiving a single view. Globally, YouTube employs 10,000 people in monitoring and removing content, as well as policy development. Facebook, which owns Instagram, told the BBC that it has 30,000 people around the world working on safety and security. It said that it removed 15.4m pieces of violent content between October and December, up from 7.9m in the previous three months. Some content can be automatically detected and removed before it is seen by users. In the case of terrorist propaganda, Facebook says 99.5% of all the material taken down between July and September was done by "detection technology". If illegal content, such as "revenge pornography" or extremist material, is posted on a social media site, it will be the person who posted it, rather than the social media companies, who is most at risk of prosecution. This is a situation that needs to change, according to Culture Minister Margot James. She wants the government to bring in legislation that will force social media platforms to remove illegal content and "prioritise the protection of users, especially children, young people and vulnerable adults". So if the UK has so far mainly relied on social media platforms governing themselves, what do other countries do? Germany Germany's NetzDG law came into effect at the beginning of 2018, applying to companies with more than two million registered users in the country. They were forced to set up procedures to review complaints about content they are hosting and remove anything that is clearly illegal within 24 hours. Individuals may be fined up to €5m ($5.6m; £4.4m) and companies up to €50m for failing to comply with these requirements. In the first year of the new law there were reported to have been 714 complaints from users who said that online platforms had not deleted or blocked illegal content within the statutory period. The Federal Ministry of Justice confirmed to the BBC that the figure had been considerably below the 25,000 complaints a year it had been expecting and that there have been no fines issued so far. European Union The EU is considering a clampdown, specifically on terror videos. Social media platforms would face fines if they did not delete extremist content within an hour. The EU also introduced the General Data Protection Regulation (GDPR) which set rules on how companies, including social media platforms, store and use people's data. But it is another proposed directive that has worried internet companies. Article 13 of the copyright directive would put the responsibility on platforms to make sure that copyright infringing content is not hosted on their sites. Previous legislation has only required the platforms to take down such content if it is pointed out to them. Shifting the responsibility would be a big deal for social media companies. Australia Australia passed the Sharing of Abhorrent Violent Material Act on 5 April, introducing criminal penalties for social media companies, possible jail sentences for tech executives for up to three years and financial penalties worth up to 10% of a company's global turnover. It followed the live-streaming of the New Zealand shootings on Facebook. In 2015, the Enhancing Online Safety Act created an eSafety Commissioner with the power to demand that social media companies take down harassing or abusive posts. Last year, the powers were expanded to include revenge porn. The eSafety Commissioner's office can issue companies with 48-hour "takedown notices", and fines of up to 525,000 Australian dollars (£285,000). But it can also fine individuals up to A$105,000 for posting the content. The legislation was introduced after the death of Charlotte Dawson, a TV presenter and a judge on Australia's Next Top Model, who killed herself in 2014 following a campaign of cyber-bullying against her on Twitter. She had a long history of depression. Cardboard cut-outs were used at demonstrations over Facebook in Washington and Brussels last year Russia Under Russia's data laws from 2015, social media companies are required to store any data about Russians on servers within the country. Its communications watchdog is taking action against Facebook and Twitter for not being clear about how they planned to comply with this. Russia is also considering two laws similar to Germany's example, requiring platforms to take down offensive material within 24 hours of being alerted to it and imposing fines on companies that fail to do so. China Sites such as Twitter, Google and WhatsApp are blocked in China. Their services are provided instead by Chinese applications such as Weibo, Baidu and WeChat. Chinese authorities have also had some success in restricting access to the virtual private networks that some users have employed to bypass the blocks on sites. The Cyberspace Administration of China announced at the end of January that in the previous six months it had closed 733 websites and "cleaned up" 9,382 mobile apps, although those are more likely to be illegal gambling apps or copies of existing apps being used for illegal purposes than social media. China has hundreds of thousands of cyber-police, who monitor social media platforms and screen messages that are deemed to be politically sensitive. Some keywords are automatically censored outright, such as references to the 1989 Tiananmen Square incident. New words that are seen as being sensitive are added to a long list of censored words and are either temporarily banned, or are filtered out from social platforms. https://www.bbc.com/news/technology-47135058 1 Like |
| Politics › Re: Falana Replies Presidency, FG Should Stop Subjecting Sowore To Media Trial by CaptainMeks: 11:47am On Dec 10, 2019 |
olisaEze:My second does not explain my first. What you do not understand is that those laws only take effect after the damage has been done. E.G in Rwanda hate speeches fueled the Hutu and Tutsi Genocide of some years ago. The damage gets done first before the repercussion. So why not apply preventive measures to avoid a repeat of such damages? Today Rwanda is seriously censoring her social media in order to avoid a repeat of the genocide via hate speech especially in this day of faceless social media. Should we not learn from such countries so we can avoid what they went through especially with the level of ethnic hatred going on in Nigeria from Igbo to Yoruba to Hausa? That is why Social media needs to be regulated. Imagine what happened in Rwanda happening here in Nigeria you would see that Rwanda would have been childs play https://cpj.org/reports/2014/12/legacy-of-rwanda-genocide-includes-media-restricti.php https://freedomhouse.org/report/freedom-net/2017/rwanda https://freedomhouse.org/report/freedom-net/2018/rwanda |
| Politics › Re: Falana Replies Presidency, FG Should Stop Subjecting Sowore To Media Trial by CaptainMeks: 11:38am On Dec 10, 2019 |
olisaEze:Do we also have the freedom to lie, spread falsehood, threaten death on others? If yes then there is no reason for laws against defamation, libel, death threats etc. Should it not be so? |
| Politics › Re: Falana Replies Presidency, FG Should Stop Subjecting Sowore To Media Trial by CaptainMeks: 11:30am On Dec 10, 2019 |
But media trials is all we have been seeing in Nigeria from everyone especially on social media. Everyone is guilty of media trials and not just FG. Falana is not excluded which was why he spoke ill of and insulted Kingsley Moghalu the other day over something untrue he read about him via social media and later came out to apologize to Moghalu. He is also guilty as sin https://www.pmnewsnigeria.com/2019/10/14/falana-attacks-kingsley-moghalu-at-felabration/ https://statesman.ng/moghalu-demands-apology-public-retraction-from-femi-falana/ https://www.thecable.ng/falana-apologises-as-moghalu-accuses-him-of-falsehood |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 11:25am On Dec 10, 2019 |
madone:I have made corrections for free on your behalf. Captain Meks means Captain Emeka and i am Igbo FYI so no help needed with translations doofus. If your curses bordered me i would not be further riling you up would i?   You are entertaining me and i am loving it. |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 11:05am On Dec 10, 2019 |
madone:Improve on your English and perhaps then you would be deemed worthy of a banter with me. AS is not HAS. Plus I have read enough of ewu from you do try something new and fresh. If indeed my skull was empty then how come I am the one correcting your faux pas? Doofus |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:54am On Dec 10, 2019 |
madone:Lmao Two words. ..FRUSTRATION and MADNESS Suicide is not an option bro even thou you are a MAD ONE Lol |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:43am On Dec 10, 2019 |
baby124:Lmao I have really gotten under your frustrated skin lol. Now you are quoting others with my moniker as your topic lmao. You will be fine just go and eat something even if it is to drink garri lmao |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:38am On Dec 10, 2019 |
baby124:As God is punishing you with frustration and hunger which is why you are so angry and anything that breathes or which has a different view from yours. I am here living my best life while frustration and hunger is withering you away. Lol. Such a doofus |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:37am On Dec 10, 2019 |
baby124:Still being controlled by your rabid hunger I see. Makes you a capital slowpoke apparently since you assume my stance has changed. Are you not an ambassador for stupidity right about now . |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:34am On Dec 10, 2019 |
SanusiGworo:LAWYERS ARE LIARS ! I thought you knew this? Wait until that "major news organ" breaks it with detailed reportage which can then be proven as true and not parroting twitter fables as your truth Understood? Until then the egg is on your face. |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:27am On Dec 10, 2019 |
SanusiGworo:You are the only one here peddling social media fables as truths. Are you saying Femi Falana did not make that statement against people like you and Inibehe who are peddling rumours? |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:27am On Dec 10, 2019 |
SanusiGworo:You are the only one here peddling social media fables as truths |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:24am On Dec 10, 2019 |
madone:Same way your father paid those you are accusing EEEDIOTT like you. People are reasoning beyond their hatred and you are busy displaying your stupidity to the world. You are DUMB 1 Like |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:22am On Dec 10, 2019 |
SanusiGworo:From Femi Falana "We must ensure we fight injustice until it is over in our country. I will also urge us all, particularly journalists, not to peddle rumours in their quest to fight injustice,” Femi Falana (SAN) I am sure you can read and can catch the sub |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:20am On Dec 10, 2019 |
madone:I am sure you were paid or as you put it "collected money from people" before you came online to write this nonsense. Can you prove you were not paid to write this rubbish? |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:18am On Dec 10, 2019 |
SanusiGworo:He began his statement with WE HAVE NOW CONFIRMED.... Who are the WE who confirmed? Do you know what SECOND HAND INFO is? He in essence gave SECOND HAND INFO and as a lawyer which you claim he is , SECOND HAND INFO IS NOT AUTHORITATIVE. |
| Politics › Re: Sowore: DSS Sends Delegation To Beg Federal High Court Leaders by CaptainMeks: 10:08am On Dec 10, 2019 |
baby124:How is it possible you are this stupid?  Same social media where we have no regulation and where anyone can concoct any fable just to push a narrative is what you are calling my attention to as factual? Can you tell me who the poster is and how authoritative his info is? I know you cannot as you are one of those who thrive on baseless gossip. You read and swallow anything you see on social media. Your stupidity needs to be scientifically researched 2 Likes |
| Politics › Re: “Why We Must Control Social Media” - Garba Shehu (Buhari Spokesman) by CaptainMeks: 9:29am On Dec 10, 2019 |
baby124:The anger from your hunger induced posts are so glaring for all to see. See how you are releasing curses on someone you do not even know simply because hunger has frustrated your soul, spirit and body |
