₦airaland Forum

Did you read the article on this day I refer you to?
You can contribute without using foul language such as "bloody lier", "fool like you" or don't you think so?

karl max: Ʊ are a bloody lier and a paid apologist of the so called critics!!! Here is an article published by leadership as far back as 2011 and tell us how nigerias debt was $4.5billion dollars in 2010 do Ʊ think every body is a fool like Ʊ

The nation’s debt has climbed to more than a five-year high at $47.9 billion (about N7.47 trillion) after it was restructured by former President Olusegun Obasanjo. The real worry is that it might take more than 13.4 years for the Federal Government to finish paying both external and domestic debt going by the trend in debt servicing between 2006 and 2010.

According to the report of the annual national debt sustainability analysis for 2011 by the Debt Management Office (DMO) made available to LEADERSHIP, “Under the optimistic Scenario, designed within the framework and aspirations of Nigeria’s vision 20:2020, Nigeria could borrow up to $57.4 billion (N8.95 trillion) in 2012 and still remain within sustainable limits”.

That means Nigeria currently owes about $47.9 billion.

DMO’s argument is that a debt stock of $57.4 billion would amount to 20 percent of projected nominal Gross Domestic Product (GDP) ($277 billion) as at 2012.

The confidence of the DMO lies in the fact that at that level next year, Nigeria’s debt will be five percent below the country-specific debt/GDP threshold of 25 percent set for 2010 to 2014, and below the global threshold of 40 percent of GDP.

It however warned that, “this outcome should be applied with caution due to the ambitious assumptions used in the simulations, such as high and steady oil price; robust GDP growth rate; single digit inflation rate; low budget deficit; among others”.

On that cautious note, the report said another module of Country-Specific prudential ceiling versus available borrowing space was considered.

“The Country-Specific threshold of debt/GDP ratio is set at 25 percent for 2010 - 2014, which is projected to reach 22.2 percent by the end of 2011, thereby leaving only 2.8 percent borrowing space for the rest of the period till 2014.

But the worrying part is the fact that government appears to be finding it difficult to pay debts. Between 2006 and 2010, the DMO said the Federal Government paid an average of $2.2 billion, about N343.2 billion yearly.

“If the debt as at 2010 is anything to go by, then the Federal Government alone would spend over 13 years in debt servicing, outside the additional ones that would accrue. “ACCORDING T0 THE TOTAL PUBLIC DEPT STOCK (external and domestic debt of the federal and state governments) STOOD AT $40.1 billion AS AT 2010 ending."

During the year, the Federal Government alone accounted for 76.09 percent of the total debt stock at $30.51 billion, while the states accounted for 12.48 percent of total debt or $5.01 billion, and the proportion of external debt to total debt was 11.42 percent or $4.58 billion. 
http://leadership.ng/nga/articles/10036/2011/12/09/nigeria’s_debt_hits_479bn_can_borrow_95bn_2012_—_dmo.html


If according to this article written since 2011 says that our dept stood @ $40.1 billion as at 2010 were did Ʊ get ur stat that our dept was $4.1 billion and since GEJ came it increased to $14 billion! Give us your link

These are views were derived by monitoring comments on Nairaland and major Newspapers; you may disagree please.
I will however only welcome comments that are civilized, non-personal and well composed.

1) I see GEJ contesting 2015 election, if he does he will win, because:
a) he will contest on PDP platform; the best and the only national rigging platform.
b) he will have access to too much of human and capital resources, especially of those that have stolen unchallenged from his government.

2) At the rate at which Boko Haram is propagating their mission, which is seen as Hausa/Fulani vision by so many people, most Southerns will rather vote for a clueless president or any other person than anybody from the Hausa/Fulani block, no matter how sound the person is.

3) The "One North" gimmick in the North is now officially over with all the Christians in the Middle-belt officially ousted (they now know that they have been used as pawns all these while).

4) It is very unlikely that GEJ's second term(2015-2019) will witness any peace that will be better than the first term. The less peace his government enjoys in ruling Nigeria, the more the possibility of a breakup. (You don't disturb the owners of the oil that is oiling this country, and expect him to hand over the oil and the people to you afterwards).

5) At the rate we are going, it is unlikely that Nigeria will survive the end of this decade, if it does, the Hausa/Fulani North will have a herculean task en-massing National election wining vote from the South and Middle belt.

6) The situation is more difficult to handle because the Southerners are increasingly skeptical about Nigeria.(It is more difficult to snatch a breakable plate from the man who doesn't mind breaking the plate).

7) Nobody has been president in Nigeria on the strength of being the best candidate (with a semblance of solution to our problem), Nigerians only vote on sentiment and sentiment is thriving currently.

Haven't this guys hard of E-payment before? If Sanusi had been allowed to go ahead with cashless policy all over Nigeria at once, will this people have been all
alienated from this policy based on backwardness?

I understand your pains, I also understand history, those that do avoid repeating mistakes of the past. The break that I talked about will not be through war the way you know it. It will most likely be an intellectual war, laced with conspiracy. It has already started already, we are all part of it.

igbo boy: Naija for life abeg....No be wetin una fight for? Arawolowo and co fought for one naija and now their descendants and kinsmen are saying break up is eminent. Me i go personally join army to commit human rights abuse in any region wey wan break commot for naija. After una don spill 2 million igbo blood u think u can just come and say u want a divorce from this marriage?

If you read this article, you will notice no HAUSA man was involved in the struggle. They were very comfortable with Abacha and Abdulsalam's regime. You can also flash your mind back to the past, you will remember there were a lot of Religious riots in the North during OBJ's regime. Join that to what they are doing with Boko Haram.
This article just confirmed to me that Nigeria is a waste of time. The North and the South cannot mix. It may take us time, but separation is eminent.
NOTE THIS!

When GEJ came in in 2010 we were owing $4.5 billion and now we will be owing $14 billion.
No new roads, not that we now have electricity, not that we no longer sell oil;
just that the money we make is not enough for them.
This regime must be the best for some selected Nigerians!

-For our Dept profile by DMO, please check today's Thisday Newspaper.

This is sounding like there is war already! I thought somebody was on top of the situation?

1)Maiduguri
2)Damaturu
3)kaduna
4)Kano
5)Bauchi
and the rest.

When he commissions water, he tastes it, when it's light he tests it. Did Mr. President test the bullet proof vest?
This is 9ja oh, somebody can just go and bring BYC from China and deceive GEJ knowing fully well that he's clueless.

sheyguy: the last time i checked, the presidency is not responsible for state or regional developement. If the north ruled Nigeria most at Federal level did they also rule the east south and west as well.

Over 70% of the budget of 160million Nigerians is shared by less than 100,000 people that is called FGN. All the North want is oil money and not to provide service.

Whoever wrote this article or believe in this is wasting his time. Nigeria cannot always be about the North. What has the North suffered in GEJ's government that is not caused by the North? If they have not fixed this country in their 38years of previous rule, they may not now.

What we need is to commence a process that will restructure this country so that we divest the federal government and release resources to 1)Areas where they are produced to encourage productivity. 2)Areas where they are needed to generate wealth to encourage productivity.

If you remove SS in 2015 and put North and SW there in 2015, this will only succeed in changing those that are stealing our wealth now to those that have been stealing it before. This will lead us to where we were before GEJ got there! Nowhere.

"A Jos High Court has sentenced 26-year-old Obinna John to death by hanging for robbing a woman of—now you won’t believe this—N1, 705! One thousand, seven hundred and five naira only! You heard me right: he is to die by hanging. It’s called armed robbery."

Source: Thisday Newspaper of Sunday 25th June 2012.

The competency of the most competent officer in our police force cannot be more than the competency of the Nigerian police force, the competency or otherwise of our police is a symbol of our government.

In my unintelligent opinion, there are two possible approaches to solving our security challenges; the muscle approach which is the clueless method that is currently and consistently being deployed and the knowledge approach; a systemic, painstaking, long over due method that our politicians resent.

Forward moving countries use the knowledge approach; they build structures and capacities that feed their intelligence system. They put in place a system that will identify every citizen of their country. They have a system that tracks foreigners and visitors. They have border control system that efficiently tracks intruders and detects contrabands. They have a system that tracks movement of money from one bank account to another and from one person to another. They have cyber control system that do not only detect cyber crimes but also tracks those conducting dangerous online searches. Their secret service agents infiltrate and mingle in every strata of the society. Structures are in place to prevent corruption and wherever there are exceptions, those exceptions are dealt with promptly and decisively. Their politicians are paid like teachers, doctors and other civil servants. Importantly, their politicians or intending politicians don’t earn crime enticing allowances and so they have no incentive to sponsor crime.

The above, in addition to an ensuing development will defeat pen robbery, arm robbery, kidnapping, election rigging, political or religious ‘Boko Haram’ and sundry crimes. It surely doesn’t seem like we are about to start or does it?

while all these Nigerian resorts are not bad, at least at our level, see what they are doing elsewhere
http://www.ohnigeria.com/2012/06/meanwhile-in-singapore.html?spref=fb

Somewhere else
http://www.ohnigeria.com/2012/06/meanwhile-in-singapore.html?spref=fb

CORRUPTION is finally going PLC!

GEJ: Baba, trouble dey oh!
OBJ: What is it Jona?
GEJ: It’s this short man that removed Ete oh, he’s disturbing me.
OBJ: I know this people at the hollow chamber. They are thieves and robbers. They steal the little money we give them and turn around to disturb us for more. You know what you will do?
GEJ: No sir.
OBJ: Call Femi, to arrange small change and tempt the guy.
GEJ: Like how much sir?
OBJ: $3m
GEJ: That’s too much oh.
OBJ: You are no longer a palm-wine tapper oh; you are the president of the most corrupt country on earth, the earlier you get that the better.
GEJ: Supposing he rejects it?
OBJ: Jona, He’s first a member of PDP and a Nigerian. Look who is not a thief here? Myself? Yourself?, Sambo? David? Even among this other political parties who is not?
GEJ: You are right sir.
OBJ: Once Lawan collects the money that is the end of the probe report and beginning of another case. Get any of this home video people to produce the film.
GEJ: Baba, you are the original “Evil Genius”
OBJ: O ti o.

If they want us to take them serious, they should shop for a good presidential candidate and running mate from the South East, South South or North Central. that way I believe they can have an alliance that will be seen as national. If they make a mistake of producing a Northern candidate and a South Westerner as a running mate, it may be a hard sell and PDP we are already tired of.

Obasanjo and Yar'adua were never really serious with their anti-corruption campaign. I am sure everybody will agree to this. Is GEJ interested in fighting corruption at all? The news that is being unsuccessfully covered is that Nigeria is broke and has been borrowing heavily to finance the government. So basically GEJ is borrowing from our future not to finance our present, but to satisfy his insatiable cronies. Somebody suggested we need to tear this system down and re-build from the scratch. Is this advise against 2015?

I agree with you on how wicked our people can be, the Dana "VIP movement" issue was a wicked political move by whoever started it. Back to the main topic, how do you think Mr President can start an anti-corruption war. He doesn't seem to be doing much in this direction or is Nigeria really ungovernable like I have read of recent?

Don't be irritated, you will notice I was appealing to Mr. president to do it for his government's sake. It really doesn't hurt that much to declare assets publicly. It rather hurts and irritates more to be corrupt or to be seen so, or what do you think?

On 8th August 2007, Vice President Goodluck Jonathan said he was finally bowing to public pressures and dousing the tension generated by his non-public assets declaration. He then went ahead to declare an assets of N295,304,420. Earlier, 29th June, 2007 to be precise, late President Umaru Yar’Adua had made public his assets: N856,452,892 in cash and landed properties inclusive of N19,000,000 belonging to Turai his wife.

On Saturday 30th June 2007, Reuben Abati in an article “Yar’Adua’s Assets Declaration” wrote:
“The President's Assets Declaration Form indicates that he and his wife have fortunes, including assets and gifts in the region of N856 million plus N19 million. By Nigerian standards, a country where over 70 per cent of the population live on less than a dollar per day, the President is a very rich man indeed, and so the question needs to be asked and he still needs to clarify this: how did he acquire all that wealth? There are references in his declaration form to assets acquired through savings: how did he come about those savings? From his salaries as a college chemistry teacher? How did a former school teacher amass so much wealth? How much tax has he paid to the state? He was said to have declared his assets in 1999 when he assumed office as Governor of Katsina state. What was he worth then compared to what he has now declared in 2007, after eight years of being a state Governor?”

Today,
What is Reuben Abati now saying? We seem to have all settled down on corruption.
Goodluck Jonathan can’t feel any public pressures and he has again refused to declare his assets publicly.
Join us in asking Mr. President to please “douse the tension” on the public perception of his government as being exceptionally corrupt and make public his newly acquired assets.
For a copy of Dr.Goodluck Jonathan’s 2007 assets declaration check www.ohnigeria.com

I still wonder what OBJ he saw in GEJ when he picked and enthroned him as VP. Certainly not brilliance, creativity, performance nor prospect. Probably, Loyalty and humility. I pray he picks up so as not to end it worse than his benefactor; OBJ.

Thanks guys, they are very nice once. I will publish it here when they arrive.

I want to bring in used black berry phones 8110 and curve 8310 from the Uk. Do you think people will buy these models?
ola@wirenigeria.com

You can contact me on ola@wirenigeria.com to discuss what you will want me to write about. I can then proceed to show you my sample write ups (published and unpublished).

Buhari was my candidate in the last election; he will still be in the next election if the same sets of candidates or a semblance of same are presented. Not because of any other reason other than my perhaps wrong but very strong notion that Nigeria’s woes has a lot to do with corruption and I see in him a man that will not be favourably disposed to it. On the other hand I also see him as a man who though a product of the Northern feudal system, is not drunk on maintaining the system that has helped to keep the North and by extension Nigeria in this unenviable state. By this I mean poverty in the midst of plenty. There however seems to be a little problem here, Buhari or any other talakawa loving leader may not be able to lift our northern brothers out of poverty.

I must confess here that I don’t know the boundary of the North I am referring to, but I am sure it may not be the same as the political North that has been created by the Northern Oligarchs in their bid to continue to advance their personal interest. It is however my hope that my referenced North will fall into place naturally by the time I am done with my assertion.

A good starting point may be to quote from late Chief Obafemi Awolowo’s allocutus statement in his famous September 11, 1963 treasonable felony’s sentencing. “Since 1957 I have fought, as your Lordship remarked, with vigour against the feudal system in the Northern Region and for its eradication. I have also fought to prevent the spread of this evil political system to other parts of Nigeria. During the same period I have strongly advocated the breaking up of Northern Region into more states in order to have true federation in Nigeria, to preclude the permanent subservience of the people of Nigeria to the autocratic ruling caste in the North, and to preserve peace and unity in the country.”

What is it then about this system that will make a sagacious personality like Obafemi Awolowo refer to it as evil? In my own interpretation, the feudal system as it is practised in Nigeria it is a system that establishes legitimate masters (Master class) and legitimate subservient slaves (Slave class) with none questioning the existence or the role of the other. This is the system that is firmly in place in the North. It is the system that produces almajiris, it is the system that ensures corruption in the North is not exposed. It is the system that ensures that the educated Northerners are direct descendants of the masters or few elevated followers that pleased their masters. It is the system that ensures there is no poverty based agitation by any group in the north even in the mist of excruciating poverty. It is the system that gives the notion to an educated Northerner that the Northern problem is from the central government and not the state. It is a system that creates secrecy in the governance process in the North and in Nigeria. It is the system that created the yardstick that is being used to adjudge formal Nigeria rulers who empowered the master class as good leaders.

To further analyse this system, I will take some excerpt from Malam Nasir El-rufai’s “Bauchi’s Hopeless Budget” on the back of Thisday Newspaper of 13th April 2012.
In 2012, Bauchi will generate only N7.3 billion internally but it plans to spend N8.3 billion on its political officer holders.
It plans to spend N19billion to produce only 1900 students qualified to be admitted into universities.
There are 20 special advisers, 94 senior special assistants and 810 special assistants, 24 director generals and 20 commissioners.

This is a typical hopeless situation that is going on in the North. You can ditto this pattern of budget for other Northern states. Are we honestly expecting any serious development or advancement here? If few people have perfected the act of consuming what is meant for everybody? The Northern governors however have nothing to worry about as the educated northerners are members of the master class. With the exception of few ‘troublemakers’ like El-Rufai, nobody will probe or raise eyebrow about what they do. Even where somebody does, the slave class are too uneducated and generally uninformed to understand what the real issues are.

Just before I forget, this is the system that has been entrenched in Abuja. This is why some hundreds of people lock themselves up in a chamber they insist is not shallow nor hollow but hallow and allocate money to themselves at the expense of the rest of us. This is why the federal government will spend more than 70% of its budget on less than 0.5% of the population. It is this system that Akwa Ibom, Imo, Lagos, Rivers, and other few states are gradually breaking away from. While we are interested in breaking this system, some people are only interested in having a fair master class who allows more crumbs to fall to the ground. If we however fail to defeat this system Awolowo couldn’t defeat, majority of Nigerians from the Northern part of the country will not only continue to be poor but will continue to be grateful and loyal to the master class who in turn will continue to nurture them as a weapon against the enemy of the system he(the master class) uses to enslave them.

Uchizo is my pseudonym
Reply to editor@ohnigeria.com

A container full of women trendy shoes from UK. Interested in Re-sellers. Cash and carry! For details email
ola@wirenigeria.com

http://www.ohnigeria.com/2012/03/list-of-corrupt-politicians.html

Corruption don't move us again. It seems we are now use to it.

God is good oh.

http://www.ohnigeria.com/2012/03/pastor-nick-vujicic-is-married.html

He will answer us too.