Cuteboy2's Posts
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Jesusloveyou:So GEJ left $30b in reserves for the Effectual Buffon (EB) - Buhari In 2015 alone, the Sovereign Wealth Fund (SWF) yielded N25billion. Yet the EB wastes our resources to fly around the world to lie to whoever will listen to him that nothing was saved by previous governments. On top of this at average of $50/bbl for last 16 months since he took over in May 2015, the EB has raked in $29b in oil revenues (assuming 60% NNPC average equity in the JV). This figure excludes Petroleum Profits Tax and Royalties. Over that same period, NLNG paid well over $1.4billion annually as dividends and interests to government. This figure excludes arrears owed previous governments, which Babs Omotowa the last NLNG MD announced have been cleared. Govt has also been raking in over N3-5trillion ($13.3billion) in IGR from customs duty, taxes, VAT, levies, etc On top of these they have borrowed over N2.2 trillion ($7.3billion) that Finance Minister has been "guessing" and is not even sure what it was spent on. Just this week, African Development Bank approved a loan of over $5.1billion to Nigeria Fed Govt, and $1billion is to be released immediately to fund 2016 budget. Fed Govt by its own account has also recovered almost $500million from looted funds. Meanwhile, latest CBN report indicates that the foreign reserves which stood at $30billion when Buhari (EB) took over has been drawn down to $24billion, a net decrease of $6billion in just 16months. If you sum it up, the Buhari (EB) government has expended in 16 months a GRAND TOTAL of (29+1.4+13.3+7.3+1+0.5+6) = $58.5billion With such huge sum of money already spent, the life of the citizens has not felt the impact. The economy is in a tail-spin, spiralling downwards. No single new project has commenced, the ones he met on ground are not receiving funding, pensioners are not being paid, salaries are delayed. The question we should all begin to ask Buhari is WHERE HAS ALL THE MONEY GONE? |
Jubilation by who? ![]() Fake news. For 5 days now I have been burning diesel running gen. |
GEJ left $30b in reserves for the new Buhari govt as of May 2015. In 2015 alone, the Sovereign Wealth Fund (SWF) yielded N25billion (=$83m). Yield for 2016 will at least match this figure if they have not already spent the money. Yet the Buhari wastes our resources to fly around the world to lie to whoever cares to listen to him that nothing was saved by previous governments. On top of this at average of $50/bbl for last 16 months since he took over in May 2015, the EB has raked in $29b in oil revenues (assuming 60% NNPC average equity in the JV). This figure excludes Petroleum Profits Tax and Royalties. Over that same period, NLNG paid well over $1.4billion annually as dividends and interests to government. This figure excludes arrears owed previous governments, which Babs Omotowa the last NLNG MD announced have been cleared. Govt has also been raking in over N4trillion ($13.3billion) in IGR from customs duty, taxes, VAT, levies, etc On top of these they have borrowed over N2.2 trillion ($7.3billion) in one year that Finance Minister has been "guessing", and is not even sure, what it was spent on. Just this week, African Development Bank approved a loan of over $5.1billion to Nigeria Fed Govt, and $1billion is to be released immediately to fund 2016 budget. https://www.channelstv.com/2016/09/27/afdb-offers-5-1-billion-loan-nigeria-budget-support-diversification/ Fed Govt by its own account has also recovered almost $500million from looted funds. Meanwhile, latest CBN report indicates that the foreign reserves which stood at $30billion when Buhari (EB) took over has been drawn down to $24billion, a net decrease of $6billion in just 16months. https://www.nairaland.com/3374414/nigerias-foreign-reserves-drop-24.74billion If you sum it up, the Buhari (EB) government has expended in 16 months a [size=14pt]GRAND TOTAL of (29+1.4+13.3+7.3+1+0.5+6) = $58.5billion[/size] With such huge sum of money already spent, the life of the citizens has not felt the impact. The economy is in a tail-spin, spiralling downwards. No single new project has commenced, the ones he met on ground are not receiving funding, pensioners are not being paid, salaries are delayed. The question we should all begin to ask Buhari is [size=14pt]WHERE HAS ALL THE MONEY GONE?[/size]
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sanky346:And you think the North will give him the sort of level playing ground GEJ gave him to form and register APC? Think again Bro. There North are ruthless with power. Abiola was a bigger colossus than Tinubu, yet the North buried him. They will fry Tinubu like akara and use ogi to wash him down |
egbonnla:Fear catch me small. By the time EFCC open Tinubu chapter ehn? Dasuki will look like a pious choir boy singing "and when the saints go marching in,......" |
HtwoOw:Kikikiki-i-i-i-i . Abeg no kill me with lafta oooo ![]() To do that he will need Mr Fixer, Chief Tony Anenih. Unfortunately, Anenih is still in PDP. Perhaps, Tinubu will arrange the mother of all decamping of Anenih to APC. Same way he arranged for Segun Osoba to cross-carpet |
Justiyke4u:Maybe not, because he knows with his record of massive looting in Lagos, the North will use Magun of EFCC to bury him. But when a politician at his level lashes out like this at hie perceived enemies, you can be sure the level of desperation is really high. Note: Oyegun was not his real target. It is those behind Oyegun he was actually addressing. Tinubu seems to be going for broke. |
Standing5:All the funds injected where? And the Minister of Finance is struggling to "guess" where the N2.2 trillion was spent on? ![]() If you know where the "injection" was done, maybe you should help Kemi Adesosun out. Because she is obviously at sea as what the money was spent on. |
Who inflicted this lady on us at the national scale? Why didn't they allow her to mature as Commissioner in Ogun State? Just see how she put that ugly purple sweater on her head with the President looking totally embarrassed during signing of international agreement in Qatar. Is that how we tile gele in Nigeria?
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The Minister of Finance, Mrs. Kemi Adeosun, has declared that she does not know when the economic recession in Nigeria will end.Apart from the obvious contradictions in the pronouncements of these 2 key government officials, why is that Finance Minister Kemi Adesoun is never sure of anything? She finds it difficult to clearly articulate government economic policies apart from simply parroting whatever pronouncements Lai Mohammed makes. E.g., "we shall spend our way out of recession". This statement in itself was plagiarized from the speech made by the American President during the Great Depression in the 1930's. She cannot add simple figures. She cannot accurately explain how the N2.2 trillion debt incurred in just one year. She says, she "guesses it must have been spent on what government usually spends money on". What a great oxy-slowpoke answer!!! She never looks as if she is in-charge. Always looks lost. Always seems to expect guidance or help from someone else
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sekundosekundo:E be like say na de same man oooooo |
Another $1billion loan? Meanwhile, Finance Minister Kemi Adesoun is still "guessing" what the government has done with the N2.2 trillion debt already incurred by government in last 1 year. https://www.nairaland.com/3369950/kemi-adeosun-guessing-use-2.2tn |
And why does Tinubu keep switching between writing in the 3rd person, to 1st person style? Writing in anger is not the best. The informal title of national leader of the party was given to Tinubu at the outset which he accepted it as a sign from those who wished to recognise my contributions to the party’s formation. It is an honorific title which he has been proud to wear until today. I would rather not have any title yet reside in a party that honours democracy than hold a title in a party that says it honours me but that treats justice with indecency. I find greater honour and comfort where democracy and fairness are found and respected. |
How so clueless can a Finance Minister be? A whole Finance minister is "guessing" what such a huge sum was spent on? We are in a big mess. How did we end up with set of clowns? No wonder Buhari referred to his cabinet ministers as "noise makers" ![]() Even NLC has better ideas on what the N2.2trillion debt should have been spent on. |
We have all read with great trepidation, Senator Ahmed Bola Tinubu's (Jagaban Borgu) tirade and venom he poured on Chief Odigie-Oyegun, his party Chairman, over alleged infractions during the recent Ondo APC governorship primaries. If you have not read it, please do educate yourself by reading the full text in Tinubu's newspaper, The Nation, in the link below. http://thenationonlineng.net/fraud-violation-democracy-apc/ What is must disturbing is the clear indication that he is ready to dump APC if Oyegun is not sacked as party chairman, or even expelled from the party. Can Tinubu single-handedly impose and remove a party chairman he does not agree with? Read on: Yet, the wrongs Odigie-Oyegun committed had nothing to do with newness or the mistakes occasioned by the path of reform. His actions are in the nature of the old wrongs that have afflicted our national politics much too long. If Odigie-Oyegun wants to walk backward into the past, he has every right to it. However, he has no right to drag the party or any of us with him. Against our choosing. The informal title of national leader of the party was given to Tinubu at the outset which he accepted it as a sign from those who wished to recognise my contributions to the party’s formation. It is an honorific title which he has been proud to wear until today. I would rather not have any title yet reside in a party that honours democracy than hold a title in a party that says it honours me but that treats justice with indecency. I find greater honour and comfort where democracy and fairness are found and respected. To rescue the party, Odigie-Oyegun must go. He has shown that he and democratic fair play cannot exist in the same party at the same time. If Tinubu is to choose between John Odigie-Oyegun and progress toward a better Nigeria, the choice has already been made
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Chai see grammar! See voking!! Tinubu dey vex ooooo!!!! Our party was to stand for change. Oyegun and his fellows seem to be on a different wave length. They are the cohort of unchange.Note the phrase "and his fellow". Who are Oyegun's fellow? Is it Atiku? Is it Buhari? Is it El-rufai? IS it Saraki? Or all 4 combined? They want the people to think that there is no alternative to "their" reactionary system of skewed politics and imperious government.Ah! Jagaban, are you planning an alternative party already? Who is "their"? Much more than the Ondo primary is at stake. Odigie-Oyegun has revealed his team’s game planOh! So there is a team behind Oyegun. Ok. We are Listening. There is a powerful and sinister arm at work to compel a man of Odigie-Oyegun’s age to steal the decision of the partyCase closed. My point is confirmed. But who is this "powerful and sinister arm"? Is it Buhari? Is it Atiku? Is it El-Rufai? Is is Saraki? For Tinubu to come and voke like this, there is something very big that has been brewing which none of onlookers and arm-chair commentators on NL, or the wider media could see. There is indeed fire on the mountain. I doubt Oyegun is the focus of Tinubu's tirade. It must be the unseen hands behind Oyegun. Oyegun is just the patsy. Though Tinubu is hurling a hail of pebbles at the Jamarat wall of Mina represented by Oyegun, I believe it is the "devil" that Tinubu is actually stoning not Oyegun. |
unite4real:SMH. So expect the news comes from official Tinubu propaganda source, you won't believe Since you don't believe Vanguard. How about reading it from Tinubu's newspaper, The Nation http://thenationonlineng.net/fraud-violation-democracy-apc/ Perhaps, you should also tune to Tinubu's TV station, TVC (Television Continental). |
bigtt76:Same question on my mind. Travelex, an international money transfer agent was first mentioned as an alternative dealer to the Bureau de Change operators in January when the central bank announced its decision to discontinue the sales of forex to the BDCs early this year.Travelex is a foreign BDC operator. I really don't understand how introduction of a foreign BDC operator will both close the gap between black market exchange rate and official CBN rate. Following question needs straight answers from the CBN and the government. 1. Will Travelex bring in fresh or additional forex on top of what CBN injects? 2. Will forex from CBN be given to Travelex to distribute to other local BDCs given their touted technology to distribute to over 1000 BDC's at once? Is that legal? Won't this create conflict of interest given that Travelex is also a BDC operator, and it will also allocate some of the forex to itself? So many questions requiring clear answers. As with all economic policies of this government, the aspirations are lofty and garnished, but the underlying structure or basis to implement it and make it work is hollow, signifying either lack of clear thought process or outright deception of the public. |
MasterBaiter:U know say na mouth action onyibo dey dig. The result shows in the lady's mouth ![]() |
So who recruited boko haram and organised the Chibok abduction and milked it to win election? I smell guilty conscience. This Buhari always feels that everything that is not working in his govt must be caused by some saboteur somewhere. This is why he wants extra constitutional powers to deal with his perceived "enemies". |
veekid:And he always lapses into this blame-lamentation mode every time he travels abroad as if he is pleading with foreigners to come and help him run Nigeria |
EternalTruths:She is a member of Lagos state KAI - Kick Against Indiscipline. They are stationed at foot bridges across expressways to arrest those who cross the road without using the bridges. There is a always a "black maria" truck and a mobile court close by. Everyday hundreds of poor, hapless Nigerians are arrested loaded into those huge trucks called "black maria", and the mobile court imposes hefty fines. As attested by LASG officials, it is more of a revenue drive for lagos state, than a genuine act to prevent deaths, since hundreds perish on the same Lagos roads on accidents due to horrible port holes and rickety public buses. |
Standing5:Yes, and that mismanagement and dependence on oil alone, or what is called monocultural economy, or a single-commodity-driven economy and the devastating effect of that on the Nigeria's external reserves is aptly amplified in another thread: https://www.nairaland.com/3365622/external-reserves-drop-24bn Regardless, Obasanjo has come out to say that he met just $3billion in the national reserves when he took over from General Abdulsalami Abubakar, whereas Buhari inherited $30billion. Today, as reported by CBN that reserve has dwindled to $24 billion. That is a drop of $6billion under 18months of Buhari's government with absolutely nothing to show for it. In addition to this, this government claims to have recovered almost $500m (N78b, $185m, £3.5m, Euro 11,250 = $452m) from looted funds. Nigerians are beginning to ask the troubling question. Where has all the money gone?. Considering no infrastructure project in power, rail, aviation, road refinery, LNG, fertilizer or ports facilities has been implemented by this government. In fact the government is actually looking up to Dangote to provide some of these industrial facilities. Yet workers are being owed months of salary arrears. On top of this it has gone on massive borrowing campaign to IMF and China.
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Standing5:I don't think you understood my comment in bold "In May 2019, the President will tell you the result of his thought". What that statement means is that if we keep on "thinking", without coming up with what I call a bankable implementation framework, and actually go ahead to implement the so-called diversification programme, when the first term of this govt expires in May 2019, they will still be talking about "thinking", or at best mouthing the beatitudes of diversification with nothing to show for it, just like every regime since Gowon. Hope you get it now. |
Standing5:As a general policy thrust, you very right. You say Nigerians should start thinking of alternative exports. Basically you mean, we should "start thinking about" diversifying our economy. I don't believe "thinking" is the issue. We have been "thinking" about diversifying the economy since the regime of Gowon, in the 70's. What is lacking is a sustained economic framework, policies and rigorous implementation to make it happen. Don't worry Buhari and his govt is "thinking" about it. Adesoun and Lai Mohammed (the economic engine room of Buhari govt) are also mouthing it. Yet there is no cogent implementation framework to make it happen. Go and look at all the vehicles in the President's, Governors, National Assembly fleet. DO you see any vehicle assembled in Nigeria? Check out the furniture in Aso Rock, the foods consumed in the various government houses, the stationaries, etc. Are they made or even assembled in-country? Where does your President run to for medical check-up, or when he has common ear infection? Is it not London? And they In May 2019, the President will tell you the result of his thought. Kpele. Just wait, u hear? |
eshietIntrepid:Very true. The Economist and many British newspapers and media outlets actively promoted Buhari as a reformed democrat and an as a governance magician who has all the answers to Nigerian problems inside his skull. The propaganda went into overdrive, with Washington Post weighing in as well. Now the scales are falling from their eyes as their business interests in Nigeria are folding up one after the other. |
For those looking for source. Here you have it:>>>> http://www.economist.com/news/middle-east-and-africa/21707549-former-dictator-dredges-up-old-social-policies-behave-or-be-whipped |
The Economist: NIGERIANS might be forgiven for thinking they have travelled back in time. Their president, Muhammadu Buhari, has revived some of the economic policies he favoured when he was last in power, as a military dictator in the 1980s, such as restricting imports and propping up the currency. Such retro thinking has failed to rescue Nigeria from its first recession in 20 years; indeed, it has probably made it worse. And now social policy is going back in time, too.
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naptu2:Fake news from Lai Muhammed's hat of lies. This picture was taken from 12th January 2014. see bottom right of the picture. Google picture. If indeed the picture is NNS, then it means this navy boat was bought by Jonathan's administration, and newly constructed as Buhari's propaganda machinery will have us believe |
Iamhatey:Hahahaha. This girl u funny oooooo. Please check out @lambhatey's signature. Lwkmd |
Security men at gates of companies and residential estates are some of the laziest and most annoying workers in Nigeria. Those on night shift start sleeping by 8 or 9pm. One question I will like people to help me ask them, why do they always close the Exit gate and force people to use the Inlet gate alone for both incoming and outgoing traffic. Even after imposing the one gate policy, they will still close half of the Inlet gate making a complete nonsense of modern traffic flow at premises. School gates are not left out. |
Tolexander:Your comment was OK, until you got to the bolded text in bracket. The bolded part is very disgusting ![]() How any sane human being ever think that a 4 yr old baby will enjoy sex. Will you be happy if someone tried having sex with your 4 yr old child? |
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