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Politics / Re: $9.6 Billion P&ID Fraud: Court Orders Briton’s Arrest by divinehand2003(m): 10:30am On Sep 29, 2022 |
Hope the Briton hasn't left the country already. 16 Likes 1 Share |
Politics / $9.6 Billion P&ID Fraud: Court Orders Briton’s Arrest by divinehand2003(m): 10:25am On Sep 29, 2022 |
Justice Ahmed Mohammed of the Federal High Court, Abuja has ordered the arrest of a British, James Nolan, for jumping bail and refusing to appear for trial over the $9.6 billion Process and Industrial Development Limited (P&ID). https://leadership.ng/9-6bn-pid-fraud-court-orders-britons-arrest/ 1 Like
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Politics / Re: Obi's One-Million-Man March Flops In Kaduna (Photos) by divinehand2003(m): 7:41pm On Sep 28, 2022 |
Hmmm |
Crime / Re: Customs Intercepts 81,425 Litres Of Petrol In Sacks Heading To Benin Republic by divinehand2003(m): 7:20pm On Sep 28, 2022 |
Na wao |
Politics / Re: Buhari: Corruption Has Dwarfed, Tainted Africa’s Growth by divinehand2003(m): 7:27am On Sep 25, 2022 |
Buhari owes us and the generations yet unborn an APOLOGY. He should apologise for deceiving Nigerians on tackling corruption when he knew that he was going to legalise corruption in our nation. 49 Likes 4 Shares |
Politics / Buhari: Corruption Has Dwarfed, Tainted Africa’s Growth by divinehand2003(m): 7:24am On Sep 25, 2022 |
President Muhammadu Buhari in New York at the weekend urged African leaders to fight tirelessly to get rid of corruption, lamenting that the continent has remained at the far end of global development index because of its menace. https://leadership.ng/corruption-has-dwarfed-tainted-africas-growth-buhari/ 2 Likes
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Politics / Re: Next President May Inherit Empty Treasury by divinehand2003(m): 7:09am On Sep 25, 2022 |
Why won't the treasury be empty. Nigeria has a debt profile that stands currently at N42 trillion and this will take generations to pay back. Till then, our treasury will always show a negative balance. 1 Like 1 Share |
Politics / Next President May Inherit Empty Treasury by divinehand2003(m): 7:06am On Sep 25, 2022 |
Nigeria’s growing public debt crisis, with the palpable fear of a possible debt default, is a huge task waiting for the next government as political parties and their presidential candidates get set to kick off campaigns for the 2023 presidential election. While some of the candidates are offering solutions that ignore the economic reality like the difficultly in raising the revenue profile or the acknowledgement by the Debt Management Office that foreign loans have started to run dry, others are skirting the issue and focusing on the wrong The Debt Management Office (DMO), during the week, had released the debt stock for the country, which shows that the external borrowing of the country now stands at N16.61 trillion or $40.064 billion while domestic obligations, which is asides the ways and means taken from the Central Bank of Nigeria (CBN), now stands at N23.26 trillion or $63.24 billion. The current level of debt shows that between March 2015 – just before President Buhari took the reins of leadership of the country – and June this year, the country has so far borrowed N30.78 trillion, both locally and externally. The debt stock of the country had within this period grown by 255.5 per cent as external borrowings soared by 701.36 per cent from N1.864 trillion as of March 31, 2015, to N16.61 trillion as of June 30, 2022. Domestic debt grew during the seven-year period by 157.2 per cent from N10.19 trillion as of March 2015 to N26.23 trillion as of June 30, 2022. Similarly, the amount spent on servicing the debt obligations of the country had soared during this period. Annual debt service payment for domestic obligations had doubled from N1.018 trillion in 2015 to N2.054 trillion by the end of 2021, while in the first six months of 2022, the federal government paid out N1.33 trillion in interest on its local borrowings. The amount spent on servicing external borrowing had likewise risen from $331.059 million, which was expended in 2015, to $2.019 billion in 2021. In the first half of this year, the government had already spent $1.291 trillion to service its external borrowings, representing an increase of 900 per cent. In total, the country has so far in the seven-year period spent N12.446 trillion and another $8.819 billion in servicing both its local and external debts respectively. The International Monetary Fund (IMF) predicted that Nigeria’s debt service-to-revenue ratio would jump to 92 per cent in 2022 from 76 per cent in 2021. Added to all this is the admission of the DMO last week that the country was unable to attain any foreign loan in the second quarter of 2022, leaving very little room for manoeuvre for the next government. On fuel subsidy payment, a report from the Nigerian Economic Summit Group (NESG) disclosed that the federal government spent a total of N3.64 trillion on fuel subsidies between 2015 and 2021. It said: “From the government fiscal position, between 2015 and 2021, Nigeria spent a cumulative sum of N3.64 trillion on fuel subsidies, rising from N307 billion in 2015 to N1.77 trillion in 2021 – representing a whopping increase of 1,085 per cent. However, with the sustained rise in crude oil price since this year, the federal government said it spent over N2.65 trillion to subsidise petrol consumption in the first quarter of 2022. This brings the total subsidy payment to N6.3 trillion at the first quarter of this year. With the continuous rise in the debt accumulation of the country, economists and industry watchers have incessantly called for caution on the borrowing spree of the government. With the present government expected to hand over the reins of leadership of the country within months, at this level of debt, the next government will be inheriting over N80 trillion in debts. With a current debt stock of N42.84 trillion as of June this year, a Ways and Means borrowing of over N20 trillion, FGN Bonds worth over N585.92 billion issued since April and a projected deficit of over N11 trillion to finance the budget of 2023, the country is already looking at a debt burden of over N74.5 trillion. This excludes the bonds that would still be raised before this year runs out. Already, the country is at risk of borrowing to pay interests on its debt obligations as the minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed had sounded the alarm bells when she revealed that the country’s debt service cost in the first four months of the year was N1.94 trillion, N310 billion higher than the actual revenue received during the period. According to her, the federal government’s retained revenue for the period was only N1.63 trillion, 49 per cent of the pro rata target of N3.32 trillion. This means that the government had spent 118 per cent of its revenue on servicing its debt. Irrespective of this, the minster, while presenting the 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), disclosed that the federal government will borrow over N11 trillion and sell national assets to finance the budget deficit in 2023. She also said the government’s budget deficit is expected to exceed N12.42 trillion if it should keep the petroleum subsidy for the entire 2023 fiscal cycle. She explained that the first option involves retaining the petroleum subsidy for the entire 2023 fiscal year. Ahmed said in the first scenario, the deficit is projected to be N12.41 trillion in 2023, up from N7.35 trillion budgeted in 2022, representing 196 per cent of total revenue, or 5.50 per cent of the estimated GDP. In this option, she added, the government would spend N6.72 trillion on subsidy. She further said that the second option involves keeping the subsidy till June 2023 adding that this scenario will take the deficit to N11.30 trillion, which is 5.01 per cent of the estimated GDP. In this option, the PMS subsidy is projected to gulp N3.3 trillion. Pinning down the position of the Bola Tinubu campaign on major economic issues has so far proved elusive. Officially, the campaign has stuck to the position that it is yet to release its campaign manifesto and economic blueprint. His campaign is, however, inheriting and defending the policies of the present APC government. The APC presidential candidate himself had also not addressed business stakeholders or any major policy forum. But Bayo Onanuga, the director of media and publicity of the presidential campaign, spoke with LEADERSHIP Sunday and expressed what he termed as his personal view. Onanuga said the issue of Nigeria’s debt is simply being used to attack the Muhammadu Buhari presidency, but that in reality, Nigeria does not have a debt crisis in comparison to countries like Ghana and South Africa, which, he said, are in a worse situation. Quoting data from the Nigeria Bureau of Statistics, Onanuga said the percentage of debt to GDP is at 23 percent, which is manageable. The USA, he pointed out, has a debt to GDP ratio of well over 120 percent. Onanuga said, “There is nothing wrong with debt. Every country accumulates debt and we don’t need to worry. Nigeria does not have a debt crisis. The problem is the country’s inability to harness its revenue options.” The campaign director was however optimistic that a Tinubu presidency would be much better than the Buhari government, which has introduced new taxes, blocked leakages and even adopted the Treasury Single Account, towards raising the revenue profile of the federal government. Atiku Abubakar, the presidential candidate of the opposition People’s Democratic Party, sounded all the right notes at a recent event organised by Lagos Chamber of Commerce and Industry (LCCI) Presidential Economic Agenda Forum for the PDP. He talked about cutting the cost of governance, blocking leakages, launching a $10bn stimulus fund – without identifying the source, and suggested a mouth-watering non-debt financing model, which could worsen the country’s revenue challenges Interestingly, the government of President Buhari forfeited at least N16.76 trillion in revenue from 46 big corporations in waivers and tax incentives between 2019 and 2021, according in the tax expenditure statement (TES) report in the Medium-Term Expenditure and Fiscal Strategy documents of the Budget Office of the Federation. Many of these incentives were given to allow private investments for the development of key infrastructure – like the PDP candidate is now proposing. Atiku at the September 13, 2022 event said, “Within the first 100 days of in office, I will create an Economic Stimulus Fund with an initial investment capacity of $10 billion to prioritise support to MSMEs across all the economic sectors, as they offer the greatest opportunities for achieving inclusive growth. “I will undertake far-reaching fiscal restructuring to improve liquidity as well as enhance the management of our fiscal resources in five bold steps. “First, undertake an immediate review of government spending with a view to eliminating all leakages arising from subsidy payments. “Second, stop all fiscal support to ailing state-owned enterprises. As with subsidy payments, by holding onto these underperforming enterprises, Nigeria is sacrificing investments in critical areas, including water, sanitation, and rural infrastructure. For example, the first phase in the rehabilitation of Nigeria’s refineries is expected to gulp $1.55 billion! I will sell them. “Third, take steps to improve spending efficiency by gradual reduction of government recurrent expenditures. Over the medium term, recurrent expenditures should not exceed 45 per cent of the budget. ‘Finally, focus on non-debt financing by promoting a private-sector led infrastructure development fund for the financing and delivery of key infrastructure projects.” Economists, however, have campaign-free views on how some of these revenue and debt challenges can be confronted. A member of the Monetary Policy Committee, Professor Mike Obadan, called for the rationalisation of the structure of spending, especially of non-capital expenditure items, to eliminate waste and minimise the need for ways and means advances and debt accumulation. According to him, the quality of public expenditure needs to improve significantly to enhance the output-capital ratio. Speaking on the legacy of debt, renowned economist and former director general of the West African Institute of Financial and Economic Management, Prof. Akpan Ekpo, stressed the need for the government to ‘cap its borrowing’ at the moment. Noting that there is nothing wrong in borrowing provided it is to finance hard infrastructure that has a long-term positive effect, he stated that “the problem with Nigeria’s borrowing is that there is not much transparency; we don’t know what they are borrowing for. “Also important is the fact that debt service is too high. If you look at every budget, almost one tenth is used to service debt and we have not even started touching the debt itself. So, we have to be cautious. The government will argue that debt to GDP allows them room to borrow but GDP does not pay debt; revenue pays debt and if you take revenue to debt ratio, we can’t even borrow at all because two-thirds of revenue comes from oil and the revenue from oil is not a sure revenue. “I don’t envy any government coming in. Debt is a problem on the one side and other problems on the other. And more importantly, these debts will be paid by the future generations. If we are not careful, the future generations will abuse us in our graves because they will see the debt and not see what it was used for: no good roads, no good railways, no water, education is in disarray, the health system exposed by the Covid-19 is in trouble. “Time flies and in no time 20 years have passed and we are still servicing the debts. We should not borrow because we have space to borrow, or because we have B+ ratings by rating agencies; they are getting us more and more indebted.” According to the head of Financial Institutions Ratings at Agusto&Co, Ayokunle Olubunmi, debt servicing is a burden for Nigeria. “It is like kicking the can down the road because if you look at the utilisation of most of the borrowings, it is for recurrent expenditure – which is not sustainable. “Also, looking at the funds allocated for projects, you will see that the quality of the projects is not top notch. In the short run, it may seem as though we can manage but the government is creating a problem for the future. If you look at the debt servicing to government revenue in 2020, you will realise that it is going beyond the 90 per cent. “This is just interest payment, not principal repayment; so when we are spending 90 per cent of our income to pay interest on the loans, it might look as if we are enjoying it, but in the next two to three years we would not be able to continue like this.” The chief executive of Centre for the Promotion of Private Enterprise, an economist, and former director general of the Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, noted that the rising debt profile of the government raises serious sustainability concerns. Although the government tends to argue that the condition was not a debt problem, but a revenue challenge, “the truth is that debt becomes a problem if the revenue base is not strong enough to service the debt sustainably. It invariably becomes a debt problem. “What is needed is the political will to cut expenditure and undertake reforms that could scale down the size of government, reduce governance cost and ease the fiscal burden on government. It is important to ensure that the debt is used strictly to fund capital projects that would strengthen the productive capacity of the economy,” he said. https://leadership.ng/next-president-may-inherit-empty-treasury/ |
TV/Movies / Re: Big Brother Will Feature Nigerian And South Africa In 2023 House by divinehand2003(m): 8:48pm On Sep 16, 2022 |
Wrong move |
Politics / Re: FG Orders Buyers Of Seized Lagos Properties To Pay 2001 Price by divinehand2003(m): 7:12am On Sep 15, 2022 |
Bad market. FG sold properties are always sold cheaply among their cronies and political allies. 3 Likes 1 Share |
Politics / Re: PDP Crisis: Ayu Can Only Be Removed By Amending Party Constitution – Atiku by divinehand2003(m): 6:57am On Sep 15, 2022 |
Ayu is going nowhere for now, implies Atiku. Wike, do your worst. 13 Likes 1 Share |
Politics / PDP Crisis: Ayu Can Only Be Removed By Amending Party Constitution – Atiku by divinehand2003(m): 6:56am On Sep 15, 2022 |
It became obvious that the crisis rocking the Peoples Democratic Party (PDP) is far from abating as the call for its national chairman, Dr Iyorchia Ayu, to resign resonated yesterday at the South-West PDP stakeholders meeting.https://leadership.ng/pdp-crisis-ayu-can-only-be-removed-by-amending-party-constitution-atiku/
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Politics / Re: 2023: Atiku Proposes $10bn Economic Stimulus Fund For MSMEs, Unfolds Blueprint by divinehand2003(m): 7:27am On Sep 14, 2022 |
Buhari has already privatised NNPC. Is Atiku going to undo what is currently on ground and re-privatise NNPC again? 32 Likes 1 Share |
Politics / 2023: Atiku Proposes $10bn Economic Stimulus Fund For MSMEs, Unfolds Blueprint by divinehand2003(m): 7:25am On Sep 14, 2022 |
•Vows to privatise refineries than utilise $1.55bn to revitalise them •Says he will propose legislation to remove electricity from exclusive list •Meets Makinde, South-west party leaders today, promises to help PDP win Lagos Presidential candidate of Peoples Democratic Party (PDP), Atiku Abubakar, yesterday, said he would resuscitate Nigeria’s ailing economy by launching a $10 billion Economic Stimulus Fund within his first 100 days in office, if he wins the 2023 presidential election. Atiku said the fund would prioritise support to micro, small and medium scale enterprises (MSMEs) that offer greatest opportunity for inclusive economic growth. https://www.thisdaylive.com/index.php/2022/09/14/2023-atiku-proposes-10bn-economic-stimulus-fund-for-msmes-unfolds-blueprint/ 8 Likes 1 Share
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Politics / Re: Peter Obi Slams Tinubu, Says 2023 Presidency Is Not The Turn Of Anybody by divinehand2003(m): 7:19am On Sep 14, 2022 |
“There is no place that Christians buy things cheaper, there is no place that Muslims buy things cheaper. It will not be by turn, it is nobody’s turn. It must not be by connection. “The election next year must be based on character and trust, it must be based on competence.” I agree with all Peter Obi said. 316 Likes 19 Shares |
Politics / Peter Obi Slams Tinubu, Says 2023 Presidency Is Not The Turn Of Anybody by divinehand2003(m): 7:16am On Sep 14, 2022 |
The presidential candidate of the Labour Party (LP), Peter Obi has slammed the flagbearer of the All Progressives Congress (APC), Asiwaju Bola Tinubu, saying that the 2023 presidential election is not the turn of anybody. https://independent.ng/peter-obi-slams-tinubu-says-2023-presidency-is-not-the-turn-of-anybody/ 188 Likes 25 Shares
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Politics / Re: Owerri Streets Deserted As Buhari Commissions Projects In Imo (video) by divinehand2003(m): 7:08am On Sep 14, 2022 |
Hahaha Sit at home is bad ooooo. Hope we won't see this during the 2023 elections. |
Politics / Re: Customs Nets n1.7tr, makes Highest Monthly Collection Of N241.9bn in August by divinehand2003(m): 7:05am On Sep 14, 2022 |
NNPC, where at thou? I wish the custom's boss can be transferred to head NNPC so that that cooperation can sit up and do the right thing. |
Politics / Re: Customs Nets n1.7tr, makes Highest Monthly Collection Of N241.9bn in August by divinehand2003(m): 7:03am On Sep 14, 2022 |
Nigeria Customs is now becoming the major agency that is serious with its responsibilities generating revenues for Nigeria. This is great. |
Politics / Customs Nets n1.7tr, makes Highest Monthly Collection Of N241.9bn in August by divinehand2003(m): 7:00am On Sep 14, 2022 |
LAGOS – Nigeria Customs Service (NCS) has collected it’s highest monthly revenue of N241,903,781,854.46 in August 2022. The collection is coming at a time the Federal Government crave for revenue is heightened by dwindling revenue from oil sector. According to a cumulative table of monthly revenue collections by the NCS sighted DAILY INDEPENDENT, the service collected a total of N1,755,386,486,390.02 from January to August 2022. The cumulative collection is N363,436,321,614.95 is higher than N 1,391,950,164,775.97 collected from January to August 2021. Federal Government’s focus on none oil revenue sources has increased in recent times leading to higher expectations from organisations like the Federal Inland Revenue Service(FIRS), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA) and other revenue collecting bodies. The country plans borrowing N11trillion to fund the 2023 budget in addition to selling of some national assets This was disclosed recently by Minister of Finance and National Planning, Mrs. Zainab Ahmed , who also said the government’s budget deficit is expected to exceed N12.42 trillion if it should keep petroleum subsidy for the entire 2023 fiscal cycle. Ahmed had disclosed this while appearing before the House of Representatives Committee on Finance to defend the 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). Explaining two scenarios of the budget deficit to the committee, the minister said the first option involves retaining the petroleum subsidy for the entire 2023 fiscal year. According to her, in the first scenario, the deficit is projected to be N12.41 trillion in 2023, up from N7.35 trillion budgeted in 2022, representing 196 per cent of total revenue or 5.50 per cent of the estimated GDP. In this option, she added, the government would spend N6.72 trillion on subsidy. Mrs. Ahmed said the second option involves keeping subsidy till June 2023 and that this scenario will take the deficit to N11.30 trillion, which is 5.01 per cent of the estimated GDP. In this option, PMS subsidy is projected to gulp N3.3 trillion. https://independent.ng/customs-nets-n1-7tr-makes-highest-monthly-collection-of-n241-9bn-in-august/ |
Politics / Re: Wike, Amaechi In Fresh Feud Over Performance, Burial Of Graham – Douglas by divinehand2003(m): 7:52am On Sep 13, 2022 |
Wike and Amaechi are best of friends. Politics is the only dividing line. However, behind the scenes, they drink champagne together under the mango tree and laugh all day long. |
Politics / Wike, Amaechi In Fresh Feud Over Performance, Burial Of Graham – Douglas by divinehand2003(m): 7:49am On Sep 13, 2022 |
Rivers State Governor Nyesom Ezenwo Wike and his predecessor Rotimi Amaechi yesterday resumed hostility over their performance in office and the burial of elder statesman, Chief Alabo Tonye Graham-Douglas, last weekend. Wike, who replied Amaechi’s lamentation that Graham-Douglas was not given state burial by the Wike administration, described the immediate-past minister of transportation (Amaechi) as a total failure in office. He said as far as Rivers State was concerned, Amaechi was unable to attract any meaningful project to the state in seven years when he served as a minister. In a reaction at the instance of LEADERSHIP prompting, the leadership of the All Progressives Congress (APC) in Rivers State, said Amaechi had never been a clannish leader, but nationalistic in his approach to governance. APC spokesman in the state, Darlington Nwauju said, “First of all Rt Hon Chibuike Amaechi has always been nationalistic in his approach to governance, first as a governor, then, as minister of the Federal Republic. “It is on record that he has never been a clannish political leader and can never be. Governor Wike himself has inadvertently confirmed this fact and we are grateful to him for confirming that the leader of APC in Rivers State is a true Nigerian.” Wike spoke yesterday at the inauguration of the reconstructed former Riv-Bank Insurance building in Port Harcourt, the state capital. He stated that a man who had failed in attracting projects to his state and has exhibited poor leadership within his depleted party, should hide his face in shame and stop talking about Rivers politics. Wike said, “We have taken all your people. Nobody is in your party again. Why not manage and stay quiet; because of your poor leadership. “Tell Rivers State people, as minister of transportation, what did you do for your people? Seven good years, all you were interested in was doing business with CCECC, doing standard gauge and the other gauge until now, we have not seen anyone in Port Harcourt to Maiduguri,” he said. The governor boasted that while he was a junior minister, he attracted the Faculty of Law to the University of Port Harcourt and established the Oil and Gas Polytechnic in Bonny. Wike said he also made grants available to Kenule Saro-Wiwa Polytechnic in Bori and Ignatius Ajuru University, while renovating several secondary schools in the state. Wike said, “Tell us, as a grade A minister, what you brought. You think you can deceive Rivers State again.” The governor said the State government stayed away from the burial activities because it was politicised and he did not want to be associated with such trivialities. He said: “I saw you people have brought politics to the man’s burial. I said, ok, let me withdraw myself. I don’t want to be involved in this kind of politics.” Wike stated that if people had gone to bury the dead, they would have focused on that mission of honouring the dead and involved him in the talks around the event. He said: “Let me us this opportunity to say that I am very disappointed that the former minister of Transportation Chibuike Rotimi Amaechi will still come to the state to talk about this government not giving late Alabo Tonye Graham-Douglas a state burial. “It is unfortunate. I asked him, when Chief Alabo Tonye Graham-Douglas was sick, where were you? This State government committed so much amount of money to make sure Chief Alabo survived. “I want to challenge anybody, we did not spend less than N50 million to make sure our elder statesman survived. It was survival we wanted, we wanted him to be alive. “When his late son had an accident and was flew to London, this state government bore the cost of it. Go and ask people.” Wike recalled that it was this same Amaechi, who is now showing he loved Chief Alabo Tonye Graham-Douglas more, that refused to honour him while he was alive. The governor said, Chibuike Amaechi declined to grant the request of Chief Alabo Tonye Graham-Douglas for the elevation of the Abonnema traditional stool to first class and construction of Abonnema ring road. Nwauju (Ameachi loyalist) said, “But to speak to real issues and not engage in un-gubernatorial tantrums, our leader by the grace of God through the appointment offered him by President Muhamadu Buhari. He influenced the remittance of N78 billion spent on construction of federal roads executed during his time as governor of Rivers State, to the present Government without trying to be politically correct. “He influenced the commencement of the Bonny deep seaport project, influenced the commencement of the Transportation University, Ubima, attracted the Naval War College, Ubima. “He influenced the implementation of the UNEP report on Ogoniland; attracted key appointments to Rivers State; employment of hundreds of Rivers sons and daughters in the maritime industry as Seafarers, Safety Marshals etc, influenced the construction of an additional power plant in Afam power station. https://leadership.ng/wike-amaechi-in-fresh-feud-over-performance-burial-of-graham-douglas/ |
Politics / Re: INEC Delists 1.1 Million Voters Over Double Registration, Ineligibility by divinehand2003(m): 7:16am On Sep 13, 2022 |
This is a huge loss to one political party. 54 Likes 5 Shares |
Politics / INEC Delists 1.1 Million Voters Over Double Registration, Ineligibility by divinehand2003(m): 7:14am On Sep 13, 2022 |
Independent National Electoral Commission (INEC) has said that out of the 2, 523,458 fresh registrants that registered between 28th June 2021 and 14th January 2022, 1,126,359 records were found to be invalid and consequently delisted. https://leadership.ng/inec-delists-1-1m-voters-over-double-registration-ineligibility/ 16 Likes
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Politics / Re: Electronic Transmission Parties - Csos Caution Against Sabotage In 2023 by divinehand2003(m): 8:13am On Sep 12, 2022 |
I don't think this electronic transmission of results will not work in the north oooo. Same thing happened to card readers. |
Politics / Re: We Are Losing $700m Monthly To Oil Theft – NNPCL by divinehand2003(m): 8:11am On Sep 12, 2022 |
This country is terrible. We know the problem but we can't solve the problems. |
Politics / Re: Federal Govt, SERAP Head To Court Over ASUU Strike by divinehand2003(m): 8:07am On Sep 12, 2022 |
FG is mad. ASUU is crazy. Both of them nor we'll. 1 Like |
Politics / Re: Amotekun, Ebubeagu Pose Threats To 2023 Elections – Security Expert by divinehand2003(m): 7:56am On Sep 12, 2022 |
Hmmm What about the presence of other security outfits like hizbullah and hunters in the north? |
Politics / Re: Federal Govt, SERAP Head To Court Over ASUU Strike by divinehand2003(m): 7:51am On Sep 12, 2022 |
Hmmm This problem between this administration and ASUU won't end anytime soon. I feel sorry for the Nigerian students. My advise to the Nigerian students is that they should vote for leaders who will take their education seriously. 2 Likes 1 Share |
Politics / Federal Govt, SERAP Head To Court Over ASUU Strike by divinehand2003(m): 7:45am On Sep 12, 2022 |
Following unresolved and prolonged industrial dispute between the Academic Staff Union of Universities (ASUU) and its employer, the federal government, the latter has filed an application dragging ASUU before the National Industrial Court of Nigeria (NICN). The move appeared to be the last resort to be employed by the federal government in a bid to end one of the longest strike actions embarked upon by Nigeria’s university lecturers. Similarly, the Socio-Economic Rights and Accountability Project (SERAP) and five university students have sued President Muhammadu Buhari before the National Industrial Court seeking an order to compel the federal government to honour the agreement it reached with ASUU. SERAP and the students asked the court to order the government to implement forthwith the terms of the Renegotiated 2009 Agreement and the 2020 Memorandum of Action in order to put an end to the strike action and desist from further violation of the rights of the Nigerian students to quality education. ASUU members have been on strike since February 14, 2022, and all negotiations avenue to end the strike proved abortive as the union insisted on the renegotiation of 2009 agreement, implementation of the University Transparency and Accountability Solution (UTAS), earned allowance, among other demands that bordered on refurbishment of Nigerian universities. In a letter addressed to the chief registrar of the National Industrial Court of Nigeria, dated 8th September, 2022 seen yesterday, minister of labour and employment, Dr Chris Ngige, obliged the court to give the issue an accelerated hearing in order to bring the dispute to an end. Dr Ngige said ASUU had refused to call off the action despite several apprehensions. Citing Section 17 of the Trade Dispute Act, CAP. T8, Laws of the Federation of Nigeria (LFN), 2004), the minister added that the referral instrument is raised in line with powers vested on the minister of labour and employment by trade dispute resolution mechanisms. The letter reads, “Dear chief registrar, Forwarding of a Referral Instrument in the Trade Dispute Between Federal Government /Federal Ministry of Education and the Academic Staff Union of Universities. Please find attached three (3) original copies of a Referral Instrument regarding the trade dispute between the Federal Government of Nigeria/Federal Ministry of Education and The Academic Staff Union of Universities (ASUU) for adjudication by the National Industrial Court of Nigeria (NICN). “The referral instrument is raised in line with powers vested on the honourable Minister of Labour and Employment by trade dispute resolution mechanisms and the provision of Section 17 of the Trade Dispute Act, CAP. T8, Laws of the Federation of Nigeria (LFN), 2004). In view of the fact that ASUU members have been on strike since February 14, 2022, and have refused to call off the action despite apprehension of the same it would be appreciated if this dispute is given an accelerated hearing in order to bring the dispute to an end”, the letter added. Other defendants in the SERAP suit, which is yet to be assigned to a judge, are the Minister of Labour, Employment and productivity, Dr Chris Ngige, and the attorney-general of the federation and minister of justice, Abubakar Malami (SAN). The applicants are also praying the court for an order mandating the defendants and their agents to immediately release and pay all the withheld and outstanding remunerations, salary, allowances and other emoluments both for the period and outside the period of the current strike action to all members of ASUU. They are further urging the court for an order of perpetual injunction restraining the defendants and their agents from unlawfully reneging, rescinding and/or refusing to implement the Renegotiated FGN-ASUU 2009 Agreement and the 2020 Memorandum. The applicants also want a declaration that the refusal of the defendants to implement the terms of the FGN-ASUU Renegotiated 2009 Agreements and the 2020 Memorandum of Action which has occasioned the prolonged strike action is unlawful, inconsistent and incompatible with Nigeria’s human rights obligations and violates the students’ right to quality education. They are further seeking a declaration that the acts of the defendants and their agents in withholding the remunerations of the members of ASUU for the period of the strike while at the same time paying members of sister staff unions is discriminatory and in violation of ASUU members’ right to freedom of association, right to strike and collective bargaining. In an affidavit attached to the suit, the applicants argued that the disruption of classes undermines both the quality and duration of students’ education. They also maintained that the situation has aggravated existing disparities in access to university education in the country, further marginalizing economically disadvantaged parents and students. The applicants averred that the federal government has failed to respect, protect, promote and fulfil the right to quality education, and the right to freedom of association through the principle of collective bargaining. ASUU Strike: Education Minister Blames Jonathan Govt For Crisis They also submitted that, “Although Nigeria has ratified several human rights treaties, which guarantee the right to quality education of Nigerian students, the Federal Government has over the years refused to meet the demands by ASUU, and to address the poor environment in the country’s universities. “The students who are co-claimants in the suit are Dongo Daniel Davou; Oyebode Joshua Babafemi; Ejie Kemkanma; Peter Itohowo Aniefiok; and Imam Naziru. They are students of Plateau State University, Obafemi Awolowo University, University of Port Harcourt, University of Uyo, and University of Ibadan, respectively. “The failure to implement the agreements with ASUU is also a fundamental breach of the right to education without discrimination or exclusion, as strike actions continue to penalize economically disadvantaged parents who have no means or capacity to send their children to private schools. “Equal access of Nigerian children and young people to quality and uninterrupted education including at the university level would contribute to producing citizens who are fundamentally equal and people who actively participate in society. “It would enable people to enjoy the rights as well as fulfil obligations that are associated with citizenship,” the applicants stated. https://leadership.ng/we-are-losing-700m-monthly-to-oil-theft-nnpcl/ |
Politics / Re: We Are Losing $700m Monthly To Oil Theft – NNPCL by divinehand2003(m): 7:33am On Sep 12, 2022 |
That is about $8.4 billion per year. What a colossal loss. Oil thieves are the real thieves. |
Politics / Re: Electronic Transmission Parties - Csos Caution Against Sabotage In 2023 by divinehand2003(m): 7:22am On Sep 12, 2022 |
As long as results will be transmitted electronically using the Internet, there is a very high possibility of hacking the INEC server. My question is, what happens when the there are discrepancies between the manually collated results and the electronically transmitted ones? |
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