₦airaland Forum

[size=18pt]Biafra independence petition:
[/size]
https://www.change.org/p/united-nation-council-of-the--manage-a-referendum-in-nigeria[/quote][size=18pt]Please sign the petition and pass it on[/size]!

[size=18pt]Biafra independence petition:
[/size]
https://www.change.org/p/united-nation-council-of-the--manage-a-referendum-in-nigeria[/quote][size=18pt]Please sign the petition and pass it on[/size]!

[size=18pt]Biafra independence petition:
[/size]
https://www.change.org/p/united-nation-council-of-the--manage-a-referendum-in-nigeria[/quote][size=18pt]Please sign the petition and pass it on[/size]!

[size=18pt]Biafra independence petition:
[/size]
https://www.change.org/p/united-nation-council-of-the--manage-a-referendum-in-nigeria[/quote][size=18pt]Please sign the petition and pass it on[/size]!

ArodewilliamsT:
Mr yoruba, It is now Operation concretize your words. Vote for the Biafran referendum. Help us kick out the Igbos, vote for Biafra. God bless as you do so.


https://www.change.org/p/united-nation-council-of-the--manage-a-referendum-in-nigeria

Yoruba folks know they don't like Igbos, please sign the appeal and help solve the Igbo question. Wetin concern you if they fight themselves?

[size=16pt]Rochas should just demolish any illegal structure close to the road. no need being selective.

Just demolish illegal structures whether they belong to igbo, hausa, yoruba or Cameroonian![/size]

liberty300:
I was in anambra today...onitsha to be precise. Here's a few of my take. I wasn't able to take much cos each time I pulled my phone to take a pic, people stared at me Wch made me uncomfortable

i thought they were rehabilitating the DMGS Ziks roundabout to make it beautiful. Why did they abandon that again?

cjrane:
Why investigate them? Just tie them to a tree and execute them to prove you are Idi Amin.

Just asking, did the courts disqualify Buhari for not having WAEC result as the constitution stipulated? Food for thought.

[size=15pt]My brother,
Buhari is a true dulllard!
If he was not prevented from contesting and did not suffer any exclusion from the electoral process due to the fact that he did not have WAEC result, what grounds is he seeking to punish people?
A truly vegeful village dulllard!
He should execute all the service chiefs immediately. Why is he making noise telling us about it?
yeye dey smell.....[/size]

mrtidier:
You know? I think a referendum is the best solution. I always consider the South Sudanese case

Taking the path of a UN backed referendum is like suing someone who killed your son and getting him convicted to face punishment by the state as opposed to taking the law into your own hands and killing the person yourself. in which case, you will be tried for murdering someone, even if he were a murderer himself.

Referendum achieves what war and killing cannot. besides, if it is sponsored by the United nations, it's outcome becomes a UN resolution which is binding on all member states. In fact, if it requires military action to enforce, it is now an issue of the United nations. Those clamoring in the bushes just don't know the power of using the legally permissible methods to address the issue.

Abeg, we don't need service chiefs from Buhari. he is obviously too inexperienced to believe he can sideline a whole major ethnic group.Even Adolf hitler also thought he could sideline people based on their ethnic origin

let him appoint only northerners in every position in nigeria. it is to no avail.
in the end, he will end up like Abacha. They often think they are tough and can do as they wish, eventually they will realize that the war between fire and water, in time the water always wins.
You cannot hold the food of a child and raise your hand, in time your hand will hurt and you will shamefully bring down your hand

bettercreature:
At least N11.55 trillion or $84.52 billion expected revenue into the coffers of the nation’s Excess Crude Account for the eight-year period from 2007 to 2014 are unaccounted for, according to findings by PREMIUM TIMES based on now available data from multiple government agencies not made public until now.
The ECA accounting has remained perhaps one of the most opaque public fund mechanisms in the country, puzzling even state governors who repeatedly challenged former Finance Minister Ngozi Okonjo-Iweala for lack of transparency and accountability regarding the organization of the fund.
After a recent National Economic Council meeting in Abuja, a committee of state governors angrily lashed at Mrs. Okonjo-Iweala, accusing her office, as supervisors of the fund, of arbitrariness and probably illegality in the management of a fund meant for the three tiers of government but which the ministry of finance apparently ran as a sole federal government fund.
PREMIUM TIMES arrived at its computation based on differentials between expected accruals and actual withdrawals from the ECA honey pot.
Based on their reporting, the Nigerian National Petroleum Corporation [NNPC] and the Central Bank of Nigeria [CBN] claim that for the eight years in review, no fewer than N23.79 trillion was deposited into the ECA fund.
In its own accounting, the Federal Accounts Allocation Committee [FAAC] reported that for the same period, N10.58 trillion was withdrawn from the fund.
Although no where in the FAAC reporting was the N1.3 trillion ad-hoc domestic infrastructural investment and capital-intensive spending on the National Integrated Power Projects [NIPP] indicated, PREMIUM TIMES accommodated it in its analysis to arrive at the N11.55 trillion unaccounted ECA revenue.
Our estimate can even be said to be conservative given that we did not compute what could have accrued to the ECA from crude allocated to the NNPC for domestic refining, but which almost always ended up being sold abroad because of the bad shape of Nigeria’s four refineries.
It is instructive to note that for the first 41 months from January 2007 to May 2010, there was no single public record of transfers into the ECA by FAAC.
After the questionable 41-month silence on ECA reporting, the FAAC curiously resumed reporting in June 2010 till the end of the review period during which N7.16 trillion accrued to the national coffers.
It remains unknown if this unaccounted funds were stolen or mismanaged and if federal law enforcement authorities are currently reviewing the process.
The spokesperson for the Economic and Financial Crimes Commission, Wilson Uwujaren, said he had no information about any ongoing investigation regarding the ECA.
But concerned by what appeared a lack of accountability in the management of the account, the National Economic Council [NEC] on June 29 raised a four-man committee to examine accruals into and withdrawals from the Federation Account and the Excess Crude Account from 2012 to May 2015.
Members of the committee are Governors Adams Oshiomhole of Edo State, Emmanuel Udom of Akwa Ibom, Ibrahim Dankwabo of Gombe and Nasir El-Rufai of Kaduna.
The panel’s report is still being awaited.
Repeated suggestions by the new Muhammadu Buhari’s administration that public funds were poorly and corruptly managed in the recent past appear to necessitate a deliberate, serious and careful look into the management of public funds by past administrations.
History of ECA
The ECA was created by the administration of President Olusegun Obasanjo in 2004 to act as a stabilization fund, closing budget deficits caused by oil price volatility.
The fund was designed to enable savings for the rainy day.
Since its birth however, the ECA has been bedeviled by controversy. One major challenge is the legal status of the body and the constitutional place of the Ministry of Finance in operating both the FAAC and the ECA. Another problem is the zero transparency exhibited by various agencies and officials of government charged with managing the funds over the years.
In recent years, the Ministry of Finance has refused to make public the detailed withdrawals from and accruals to the ECA, making it difficult to track budget spending and periodic status of the nation’s treasury.
The overarching constitutional provision demands a legislative buy-in and approval before any huge withdrawals are made from the FAAC. Likewise, the excess crude account and its administration recognize the three tiers of government as owners and decision makers regarding withdrawals from the account. The third means of checking the activities on ECA is the oversight performed by the National Economic Council (NEC).
All these have been consistently abused by the leadership of the Federal Ministry of Finance thus strapping Nigeria into penury, incessant contingency loans from International communities, and ultimately crippling the dividends that would have accrued to this stabilization mechanism.
In her bid to fend off criticism, Ms. Okonjo-Iweala made effort to give annual summaries of accruals and withdrawals from the Excess crude account for a period of 2011 to May 2015.
However, no clear highlights of monthly accruals and monthly disbursement of the funds to various quarters were provided to Nigerians.
Greater concerns about ECA
The discrepancies in reporting by the different agencies have been the most frustrating challenge on the ECA. Going by the NNPC report of actual oil production and monthly oil price within the period under review (2007- 2014), Nigeria is expected to have an inflow of ₦23.79 trillion ($166.87 billion).
In the same manner, the monthly FAAC reports by the Office of the Accountant General reported a total of ₦10.582 trillion ($73.93 billion) as withdrawals from the Excess crude account (ECA).
However, other reports indicate that the Federal and state governments agreed and made withdrawals of $8.425billion (₦1.308 trillion) as fund to implement National Integrated Power Project (NIPP) within the same period.
Cumulatively, total withdrawals of N11.89 trillion ($82.17 billion) was accounted for as withdrawals from ECA as FAAC distributions, funds for Sure P and NIPP.
Following this figures, the net expected balance in the ECA as at December 2014 should be ₦11.9 trillion ($84.52 billion).
However, the Ministry of Finance declared in May 2015 that the actual balance in the ECA as at December 2014 was $2,060,554,241 (₦344.85billion). If this figure is anything to go by, a difference of $82.46 billion (₦11.56 trillion) can be regarded as unaccounted amount expected to be in the Excess Crude Account.
FULL DETAILS OF UNREPORTED N11.56 TRILLION EXCESS CRUDE ACCRUALS
Annual Oil Production: Budgeted versus Actual Export
The annual benchmark values in barrels for crude oil production as indicated by appropriation laws during the period were 900million [2007], 882million [2008], 824.4million [2009] and 846 million [2010].
The benchmark estimate for the remaining years were: 828million barrels [2011], 892.8million [2012], 910.8million [2013] and 856.8million [2014].
However, the actual annual crude oil export as reported in the Nigerian National Petroleum Corporation (NNPC) monthly reports were 792million [2007], 724.5million [2008], 769million [2009] and 864.7million [2010].
The annual export for the remaining years were: 822million [2011], 830.8million [2012], 762milion [2013] and 796.7million [2014].
This is shown in the table below
Year Benchmark Oil Production (bbl) Actual Oil Production (bbl)
2007 900,000,000 791,826,519
2008 882,000,000 724,479,796
2009 824,400,000 769,195,205
2010 846,000,000 864,702,101
2011 828,000,000 822,082,224
2012 892,800,000 830,772,048
2013 910,800,000 762,045,201
2014 856,800,000 796,654,109
Total 6,940,800,000 6,361,757,203
Table 1: Annual Oil Production from 2007 to 2014
Annual Oil Price: Budgeted versus Actual
However, although the actual amounts of crude oil production were lesser than the benchmark value (except for 2010), the actual prices of crude oil were higher than the fiscalised (benchmarked) crude oil price making.
The benchmark prices set by the Federal government from 2007 to 2014 were $40, $53.83, $45, $67, $75, $72, $79 and $77.50 respectively.
Likewise, going by the data on monthly crude oil price by the Central Bank of Nigeria, the annual average price of oil were $74.48, $101.14, $63.9, and $80.92 for 2007 to 2010 while for 2011 to 2014, the average annual crude oil price stood at $113.76, $113.47, $110.99 and $100.35 respectively.
Year Benchmark Oil Price Actual Oil Price
(Annual Average)
2007 $40.00 $74.48
2008 $53.83 $101.14
2009 $45.00 $63.90
2010 $67.00 $80.92
2011 $75.00 $113.76
2012 $72.00 $113.47
2013 $79.00 $110.99
2014 $77.50 $100.35
Table 2: Annual Oil Price from 2007 to 2=014
Annual Oil Revenue and Expected Accruals to ECA (in USD)
Going by the annual market prices, the benchmark (budgeted) prices and the annual oil production (Tables 2 & 3 above) the actual oil revenues were $59.24 billion [2007], $72.62 billion [2008], $49.79 billion [2009], and $70.08 billion [2010].
Also the actual oil revenue for 2011 to 2014 stood at $93.42 billion, $94.17 billion, $84.57 billion and $80.03 billion respectively.
In the same manner, the corresponding budgeted oil revenue for 2007 to 2010 were $36 billion, $47.48 billion, $37.1 billion, and $56.68 billion. For 2011 to 2014, the same revenue stood at $62.1 billion, 64.28 billion, $71.95 billion and $66.4 billion respectively.
With the figures stated above and in table 4 below, the total actual oil revenue for the eight-year period was $603.91 billion while the total budgeted oil price was $442 billion.
The annual excess crude proceeds (actual revenue minus budgeted revenue) are estimated to be $23.24 billion [2007], $27billion [2008], 13.96 billion [2009], and $13.39 billion [2010] respectively.
Also the annualized excess crude proceeds for 2011 to 2014 were estimated to be $31.32 billion [2011], $29.89 billion [2012], $12.61 billion [2013], and $15.46 billion [2014] respectively.
By these calculations, the Federal government, from 2007 to 2014 would have realised a sum difference of $166.87 billion as excess crude net expected balance in the ECA.
This is obtained as excess of actual revenue from crude oil ($603.91 billion) over the gross budgeted crude oil revenue ($442 billion).
This is shown in the table below.
Year Actual Oil Revenue (a) Budgeted Oil Revenue (b) Excess Crude Account (c=a-b)
2007 $59,239,738,446 $36,000,000,000 $23,239,738,446
2008 $72,620,086,011 $47,478,060,000 $27,001,792,263
2009 $49,790,735,102 $37,098,000,000 $13,955,741,897
2010 $70,075,592,001 $56,682,000,000 $13,393,592,001
2011 $93,420,769,109 $62,100,000,000 $31,320,769,109
2012 $94,172,583,273 $64,281,600,000 $29,890,983,273
2013 $84,565,187,083 $71,953,200,000 $12,611,987,083
2014 $80,026,424,293 $66,402,000,000 $15,459,851,348
Total $603,911,115,318 $441,994,860,000 $166,874,455,420
Table 3: Annual Oil Revenue and Expected Accruals to ECA (in USD)
Annual Expected Inflow to Excess Crude Account (in U.S. Dollars and Nigeria Naira)
The Nigerian National Petroleum Corporation (NNPC) sells its crude in U.S. dollars, and also remits to the Central Bank of Nigeria (CBN) in dollars. This explains why revenue accrual and excess crude funds figures are usually provided in U.S. dollars.
However, CBN deposits the funds into the Federation allocation account in Naira, leaving room for another level of computation to get the actual NNPC remittances to CBN in Naira.
The annual average exchange rate of $1 to a Naira, going by the CBN monthly data on international foreign exchange market (IFEM), for the period of 2007 to 2014 stood at ₦123.93 [2007], ₦117 [2008], ₦146.82 [2009], ₦148.31 [2010], ₦151.83 [2011], ₦155.43 [2012], ₦155.25 [2013] and ₦156.45 [2014] respectively.
By computing the corresponding Naira value of the actual and budgeted revenue as given in dollars, it was revealed that a total of ₦23.79 trillion is the expected inflow into the ECA as at December 2014.
This is arrived at by the sum of expected inflow into the ECA from 2007 to 2014 as ₦2.848 trillion, ₦3.129 trillion, ₦2.066 trillion, ₦1.988 trillion ₦4.755 trillion, ₦4.646 trillion, ₦1.958 trillion and ₦2.4 trillion respectively.
Table 4 below shows detail of the figures
Year Exchange Rate

(USD)
Expected Inflow to Excess Crude Account (USD) Expected Inflow to Excess Crude Account (NGN)
2007 $123.93 $23,239,738,446 ₦2,848,134,733,464
2008 $117.00 $27,001,792,263 ₦3,129,147,007,076
2009 $146.82 $13,955,741,897 ₦2,065,965,765,903
2010 $148.31 $13,393,592,001 ₦1,988,126,673,193
2011 $151.83 $31,320,769,109 ₦4,755,109,947,261
2012 $155.43 $29,890,983,273 ₦4,646,453,215,411
2013 $155.25 $12,611,987,083 ₦1,958,074,330,008
2014 $156.45 $15,459,851,348 ₦2,399,926,504,881
Total $166,874,455,420 ₦23,790,938,177,198
Table 4: Annual Expected Inflow into ECA
Net Expected Balance in ECA
The reports by the Office of the Accountant General (OAGF) as well as reports by the Federal and state governments agreed that withdrawals for the National Integrated Power Project (NIPP) in March 2013 revealed that the annual withdrawals from ECA (actual withdrawals) for 2007 to 2010 were ₦708.93 billion, ₦1.637 trillion, ₦1.546 trillion, and ₦1.325 trillion respectively.
Also, annual withdrawals for 2011 to 2014 were reported to be ₦1.841 trillion, ₦1.606 trillion, ₦2.905 trillion, and ₦320 billion respectively.
Cumulatively, total withdrawals of ₦11.89 trillion ($82.36 billion) was accounted for as withdrawals from ECA as FAAC distributions, funds for Sure P and NIPP.
Following this figures, the net expected balance in the ECA as at December 2014 should be ₦11.900 trillion ($84.52 billion).
Year Expected inflow to ECA
(a)
Withdrawals from ECA FAAC Distribution & NIPP (b) Net Expected Balance in ECA (c=a-b)
2007 ₦2,848,134,733,464 ₦708,934,242,999 ₦2,139,200,490,465
2008 ₦3,129,147,007,076 ₦1,637,019,253,447 ₦1,492,127,753,629
2009 ₦2,065,965,765,903 ₦1,546,424,383,686 ₦519,541,382,217
2010 ₦1,988,126,673,193 ₦1,325,445,268,663 ₦662,681,404,530
2011 ₦4,755,109,947,261 ₦1,841,078,872,301 ₦2,914,031,074,960
2012 ₦4,646,453,215,411 ₦1,606,412,995,298 ₦3,040,040,220,113
2013 ₦1,958,074,330,008 ₦2,905,100,000,590 -₦947,025,670,582
2014 ₦2,399,926,504,881 ₦319,943,121,223 ₦2,079,983,383,658
Total ₦23,790,938,177,197 ₦11,890,358,138,207 ₦11,900,580,038,990
Table 5: Net Expected Balance in ECA
Summary of Unaccounted Amount in the Excess Crude Funds
Ms. Okonjo-Iweala through the Ministry of Finance published summary information on transfer to excess crude account from 2011 to May 2015.
The Minister claimed in the publication that the actual balance in the Excess Crude Account, as at December to 2014, was $2,060,554,241, which by the CBN IFEM figures, stood at ₦344.85 billion (₦344,848,470,446) as shown in Table 6 below.
Recalling from Table 5 above, the expected net balance in the ECA as at December 2014 was ₦11.901 trillion.
By calculating the difference between the net expected balance in the ECA (₦11.901 trillion) and the actual balance in ECA as at December 2014 (₦344.85 billion) i.e (₦11,900,580,038,990 – ₦344,848,470,446), it is clear that for the period of 2007 to 2014, a total of N11.56 trillion (₦11,555,731,568,544) was unaccounted for.
USD NGN
1 Total Expected Inflow to Excess Crude Account $166,874,455,420 ₦23,790,938,177,198 a
Less:
Withdrawals from ECA (NIPP by March 2013) $8,425,000,000 ₦1,308,012,289,474
Withdrawals from ECA, (FAAC Distributions) to FG and States $73,930,904,083 ₦10,582,345,848,734
2 Total Withdrawals from ECA: as FAAC Distributions + Sure P and NIPP $82,355,904,083 ₦11,890,358,138,208 b
Net Expected Balance in ECA as at Dec 2014 $84,518,551,337 ₦11,900,580,038,990 c = a – b
Deduct:
Actual Balance in ECA as at Dec 2014 $2,060,554,241 ₦344,848,470,446 d
3 Amount Unaccounted for in ECA $82,457,997,097 ₦11,555,731,568,544 e = c – d
Table 6: Summary of Findings
Authenticity of Data and Verification of Estimated Value
PREMIUM TIMES investigation relied solely on data obtained from relevant government agencies such CBN, NNPC, OAGF, Budget Office and Ministry of Finance. Moreover, in order to further verify and validate the analyzed data, FOI request were made to CBN, Ministry of Finance Revenue Mobilization and Federation Account (RevFAC) and the NNPC.
None of the FOI request to the four agencies gave the requested details as at the time of this report.
As much as these figures were concerned, it is believed from interrogating the available data from the Office of the Accountant General (OAGF), that no concrete coordination existed between the Ministry of Finance and the OAGF.
As identified by the Nigeria Extractive Industry Transparency Initiative [NEITI] report, the five major ministries, departments and agencies – CBN, NNPC, RevFAC, OAGF and Ministry of Finance — consistently gave conflicting figures, thereby confusing the public the more.
Conclusion
So far, PREMIUM TIMES investigation has shown that ₦11.56trillion that should have accrued to the Excess Crude Account is unaccounted for.
It remains to be seen whether the various agencies involved in the management of the account would open up their books and let Nigerians understand how they handled and disbursed the funds on behalf of the Nigerian people.
http://www.premiumtimesng.com/news/headlines/186780-investigation-at-least-%E2%82%A611-56-trillion-excess-crude-fund-unaccounted-for-in-8-years.html

Oga Buhari,

Let me confess, Na me thief am!

I joined the money to the $12.4 billion oil windfall Babangida stole and the $16 billion Obasanjo stole claiming to be building power plants.
Oya, arrest me if you can or just SHUT UP!

Eventually, we shall see the so called "Ngozi's" true name is "Shade Olumuyiwa

Those benefiting from stealing the resources of other people want the zoo to remain intact, while those being violated and cheated want out.

The only way to save this zoo called a country is to implement the decisions of the CONFAB or organize a true Sovereign national Conference. The more the kleptomaniac Buhari regime delays this, the louder and more dangerous the clamor for independence will get. The only reason it hasn't got so bad is that the majority of folks have not been convinced that independence is the solution. The more nothing is done to assure all citizens of their stake in nigeria, the worse it will naturally get.

[size=14pt]Nigeria has one of the largest gas deposits on planet earth, with enough natural gas to produce enough electricity to meet the world electricity need, but simply flares the gas and wastes it causing environmental degradation and worsening global warming in spite of electricity shortages in Nigeria.

Paradoxically, you'd expect nigeria to build gas powered electricity plants in order to use the wasteful flared gas. But NO!, Nigeria wants to buy uranium for use in nuclear facilities from rogue states as North Korea and Iran. The critical question is , "why won't Nigeria produce enough electricity with all the free gas they possess and have been flaring all these years?"

You instantly know something mischievous is in the offing, they aren't interested in producing only electricity with uranium.[/size]

[size=15pt]This blood the dulllard is sharing, Diaris god oo!

They don't want to buy sophisticated military equipment for our troops because they don't want our soldiers to wipe out Boko haram. So they keep sending innocent soldiers to their deaths with 30 rounds of AK47 bullets to fight boko haram.
Allah will judge all of you for these lives.[/size]

Abagworo:
The reason why I decided to strike back is because since last year Chino has been attacking everything Imo and I ignored him, even you Odenigbo were calling my name like I ever posted bad pictures of Anambra. I discussed with one man "Onlytruth" since 2012 that we should stop posting bad images of Igboland so that others would not use it to ridicule us only for Chino to continue and you all were praising him.

I have decided to do back henceforth.

Because of Chino's troubles I opened this thread different from Imo thread but he still came there to post bad pictures from Onitsha, Aba and Owerri to ruin the thread.

https://www.nairaland.com/2431618/most-expensive-garden-street-owerri

A yoruba guy once exclaimed on Nl that he will deal with Igbos on NL. I laughed because the guy must think he has special powers to be tribalistic or abuse Igbos specially or something, just like you and Chino, you probably think your silliness affects anyone.

While i condemn Chino completely for continuously posting trash in the Imo thread, i can tell you that neither you nor Chino can ruin any of those threads.

So whether you do front or you do back, you guys are just wasting your silly empty times. You cannot prevent me from posting, nor prevent Frank and others from updating.You can only make the thread grow more, even it it were with bad pics occasionally.

If they will take 100% of their salary but not be corrupt, Nigeira will be better for it.
The sad truth is that Nigerian President and other politicians as governors don't depend on salaries. many of them have no clue how much their salary is. because they have serious 'egunje' being collected from various sources and people needing their signature to win contracts or get anything at all done. Oil companies and other big business people must settle them.

hollandis:
I just hate the way Nigerians reason and their mediorce thought

I hate seeing comments like FTC ,Space booked etv,it really irritates me.


hate ugly politicians like tinubu ,buhari etc
How not to hate nigerians.Any suggestions?

Not only you. i hate Nigerians too.
Their politicians are the worst human beings on the planet, yet the poverty they inflict on the poverty ravaged Nigerians would rather still support them simply for being a member of their religious faith or tribe.
They exactly deserve their lot in life.

Oby,
abeg this your style of begging for ministerial appointment is shameful o!
Everything, you must put mouth inside trying to claim better knowledge than everyone else.

salterswan:
Dr. Katch Ononuju, an Abuja based economist has described President Muhamadu Buhari’s latest approval of N700bn from the relief fund to offset the backlog of outstanding salaries, and monies owed contractors, as a contradiction and a reflection of his cluelessness on the state of the economy.

Katch, in an exclusive interview with POST NIGERIA, doubted Buhari’s understanding of how the economy operates, re-instated that the bail-out is a far departure from Buhari’s earlier “empty treasury” stance.
He therefore cautioned Buhari and politicians in his administration to stop degrading and spreading lies about the economy.

“The Government seems not to know where to go right now.
“Right now the Government is clueless because if the driver of a vehicle suddenly has the passengers in the vehicle fighting even before it has left the park, I think that could be described as being clueless

“There is nothing like an empty treasury.

“I believe Buhari was just lying with his empty treasury statement. Nigeria is not poor and the economy is not broke. They should stop talking down about Nigeria.” http://www.post-nigeria.com/bailout-buhari-is-clueless-lied-about-empty-treasury-economist/

please forgive Buhari, it is not his fault. The old dulllard does not know much.

Freemanan:

EVEN THE OUTSIDERS KNOWS...


WHICH WAY NIGERIA?

Those that gave those boys guns thinking they were ganging up against GEJ should go and collect the guns from them. if they cannot or refuse, then they should then break up the damned zoo..

[s]

Kasiem2:
I've always known that this loafer of a governor that peter obi gave us in anambra is one kind of a person who thinks in that primitive way that politics isn't played with principles. His treacherous trait deceives him to the level of forgetting the fact that he who bites the finger that fed him will one day go starving.

Vividly, I could remember some time last year when ansu students embarked on a protest due to high school fees. The best response the man could give to us was that the protest was being sponsored by peter obi.

Again, when he was owing lecturers that last year instead of finding possible ways to settle off his debt, the man passed the blame to peter obi.

Okay, we all saw how the betrayer of a man was dancing all along with jonathan Goodluck during those days. Now guess what?

In the latest release this man made about the boko haram prisoners saga, the two major people this man blamed for the whole thing are Goodluck Jonathan and Peter Obi. This shows the man has left them for the person in power.

The loafer has successfully built a character of not being too trustworthy, he only follows you when things are working fine for you then whenever it turns out rough,he shows you the back instead of courage. Solidarity is a word that is yet to show in his dictionary .


The man just recently came to commission the road in my school, a major road done by obi a year before obiano emerged as governor. This what the media-friendly governor has been going around doing just to project his sycophancy.


The man has failed to pick any lesson in this apc saga. He has refused to learn that karma has a way of playing a role in politics. He thinks that with this way he is just being smart enough without knowing that one day his cards will be used against him. Any person that want to deal with him will start being careful and suspicious of him

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Crap.

I love Peter Obi (Check my previous post if you doubt)

Peter Obi was a great governor and helped put Anambra back on the path to development. But Obiano is better than Obi in term of long term strategic ideas about how to improve the state. Besides, you do not expect Obiano to take blame for Obi's misdeeds simply because Obi recommended him as Governor.

The FTZ area will be about a 15 sq. km in size. That will be a fantastic new Enugu city!
It already has an International airport and a railway line to the ONNE port for export/Import. Two vital requirements for a FTZ to succeed.

It will be a stunning new opportunity to replicate Abuja style planning in Enugu!

If we can build a road like in the picture below to link Enugu-Abakaliki road at Emene, to the Enugu-Nsukka road at 9th mile. We would have opened a whole new city for development in our lifetime.

Ah don die oooo!
Liberia which is more peaceful than Nigeria, and we are sending troops!
While people are dying in Sambisa and NE daily? We need Liberian troops in Nigeria.

How that one take concern me?
Yoruba that wants to kill Igbo should be ready to forfeit his own life because that is exactly what will happen.