₦airaland Forum

1shortblackboy:
When oga Jona wanted to remove d subsidy. D misinformed illiterates were protesting. Make una continue

OLADD:
Friend, firstly, my post was not intended to campaign for any political party. Secondly, we all agree with the fact that government is a continuum and that emphasizes the rots inherited by PDP from the prolonged military rules in 1999. However, please google the many statements issued by APC as a party and individually by many of their members including Fashola before and after the last elections. They all collectively asserted and chorused the complete failure of Jonathan and PDP's 16-year rule.

dplordx:
So true: Jonathan squandered $55bn oil money—OBJ - Vanguard

http://www.vanguardngr.com/2015/01/jonathan-squandered-55bn-oil-money-obj/



Sulaiman Faults Buhari on Empty Treasury, Says, GEJ left 30 Billion Naira.

http://www.vanguardngr.com/2015/06/ex-minister-faults-buhari-on-empty-treasury-says-jonathan-left-about-us30bn/

When OBJ was leaving power for UMYA, there was over $65 bill in the treasury, and by the time he died, there was $55b, that doesnt include over $40 billion in the ECA. By the time GEJ left, there was less than a billion dollars.

With these money, GEJ didnt even complete one single Federal road in Biafran land. Not one...and these people keep chanting his praises.
Extremely predictable folks. We thank God for the likes of Shoyinka who stood up for the truth...if GEJ and his goons had succeeded, Nigeria would have been completely wrecked by him, and his Madam Okonjo empress.

By Henry Umoru, Emma Ovuakporie, Michael Eboh, Joseph Erunke, Johnbosco Agbakwuru & Grace Udofia
ABUJA—Against the backdrop of the current fuel crisis across the country showing no sign of abating, the World Bank, yesterday, told President Muhammadu Buhari that the time to remove petroleum subsidy is now.

While the Buhari administration has given hints of its intention to remove fuel subsidy, many Nigerians, including the organised labour, have rejected the plan. But in what appears to be a prelude to the eventual removal of fuel subsidy, President Buhari made no provision for kerosene subsidy in the Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, which he presented to the National Assembly, yesterday.budget

At Monday’s Federal Executive Council meeting, the Minister of Budget and National Planning, Udoma Udoma, while unveiling the Medium Term Expenditure Framework and the government’s N6 trillion budget proposal for 2016, said the government was seriously weighing the options between removing or retaining fuel subsidy next year.

Speaking at the launch of the new edition of Nigeria Economic Report, the World Bank’s Lead Economist, John Litwack, said the best time to remove fuel subsidy is now when global crude oil price is at its lowest level, noting that the Bank foresaw continuous decline in global crude oil price.

Despite last Friday’s attempt by the Organisation of Petroleum Exporting Countries, OPEC, during its 168th conference to maintain its production quota so as to stabilize the crude oil market, the price of the commodity slumped further to $37.89 per barrel on Monday from $38.09 on Friday.

Mr Litwack said now is the best time for the government to scrap the subsidy, as doing so would not push retail pump price beyond an average of N100 per litre, or generate the kind of pressure that would negatively impact on the people beyond what they are currently facing.

According to Litwack: “The fuel subsidy appears to have vast modest benefits for the majority of citizens, but the costs are quite high. There is a strong tendency for the cost of fuel subsidy to increase over time as increasing domestic demand for petrol outpaces growth in oil output or revenues.

“The $35 billion cost of fuel subsidy during 2010 – 2014 was one of the reasons Nigeria was unable to accumulate a fiscal reserve in the Excess Crude Account that could have protected the country from the recent oil price shock.”

He explained that fuel subsidy obligations were expected to reach 18 per cent of all government oil revenues in 2015, pointing out that if the current regulated price regime of N87 per litre was maintained, subsidy was projected to increase to more than 30 per cent by 2018.

2016 Budget: Buhari scraps kerosene subsidy

Meanwhile, President Muhammadu Buhari may have tacitly scrapped kerosene subsidy in the country as he made no allocation for it in the Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, which he presented to the National Assembly, yesterday.

The document indicated that the present federal administration is to borrow N1.835.88 trillion to fund the 2016 budget which stands at N6.04 trillion just as it disclosed that a total sum of N350.33 billion misappropriated funds will be recovered in 2016 .

A breakdown showed that while N1, 200.00 trillion would be borrowed domestically, foreign borrowing stands at N635.88 bn.

On the misappropriated funds, the president explained in the Medium Term Expenditure Framework that N137.90 billion will be recovered from strategic alliance contracts, while N162.43 billion will be recovered from the Nigerian National Petroleum Corporation, NNPC just as N50 billion will be recovered from other misappropriated funds.

But contrary to expectations that he would remove fuel subsidy following series of complaints arising from its handling, the President did not only retain it but allocates the sum of N63.29 bn for it in the 2016 fiscal year.buh

Also, in his efforts at fulfilling his 2014 electioneering campaign promises, President Buhari allocated the total sum of N500 billion for Social Welfare Intervention Programmes Initiative, conditional cash transfer to the most vulnerable and post-NYSC grant.

He explained that “these interventions will start as a pilot scheme and work towards securing the support of donor agencies and our development partners in order to to minimize potential risks.”

N39.88 billion for oil exploration in the North

The president, according the document, is expected to spend the sum of N39.88 billion for exploration of oil in the northern part of the country in the, 2016 fiscal year.

According to the MTEF submitted, the sum of N150 billion was earmarked for settlement of arears of the 2015 subsidy on domestic consumption.

This came as he slashed the yearly budget of the National Assembly from the sum of N120 billion contained in the 2015 budget to N115 billion in the 2016 fiscal year.

He equally trimmed down the allocation for Presidential Amnesty Programme from N47.39 billion to N20 billion.

To improve revenue generation and collection as well as plugging leakages, the president said his administration had commenced a forensic audit of key revenue generating and collecting agencies of government with a view to recovering lost revenues as well as identifying and blocking loopholes for poor collection and remittance of revenue in the treasury.

The president added that the multiplicity of government accounts had made it difficult to have an accurate picture of public financial resources.

“Government has, therefore, enforced the full implementation of the Treasury Single Account, TSA system. Already, this is facilitating a more effective aggregate management and control of government cash balances, which, hitherto, had been maintained in several bank accounts.

“Government has similarly, enforced the full implementation of the integrated payroll and personal information system, IPPIS in all MDAs, which should result in some cash, “he explained.

President Buhari hinted of possible job cut as well as mass reduction of MDAs, when he said: “Government will, in the near-to-medium – term, continue to prune the size of federal government and its MDAs to more efficient levels without compromising effectiveness.

“Over the Medium-term, however, government will revisit the need to rationalize the agencies of government and strategically implement relevant provisions.”

The president said the 2016 Budget, standing at N6.04 trillion, proposed government revenue of N3.82 trillion, implied a projected deficit of N2.22 trillion.

No hope in sight, as fuel scarcity bites harder

The fuel crisis continued in Abuja, yesterday, as motorists continued to find it more difficult to get the product, with some queueing for a minimum of four hours before getting the product to purchase.

The fuel crisis showed no sign of abating, as the queues continued to grow longer while the number of petrol stations with the product continued to decline.

Despite the sufferings, the Federal Government, the Department of Petroleum Resources, DPR and the NNPC, seem to have abandoned Nigerians to their fate, as they have kept mute in spite of the worsening situation.

The DPR failed to respond to enquiries on its efforts at alleviating the sufferings faced by Nigerians, while the NNPC had stopped sending its daily update of supply to petrol stations across the country.

In Suleja, most petrol stations were selling fuel to motorists, but the queues were long while motorists accused the filling stations of under-dispensing, claiming that their pumps had been tampered with.

At the Airport Road in Abuja, most of the petrol stations were not opened when Vanguard visited, while the few selling, NNPC and MRS, witnessed large number of vehicles and very long queues.

In Lugbe, only MRS petrol station was selling, while the other petrol stations where shut down, claiming they have ran out of the products to sell.

At the Conoil and Total petrol stations opposite the Nigerian National Petroleum Corporation, NNPC, headquarter in Abuja, the queues had gone round about four streets, inhibiting traffic in the process.

At the Forte filling station in Gudu, a long queue was seen, with motorists spending long hours on the queue, while the situation was no different at Yaman petrol stations in Area 3, Garki, Abuja.

In Gwarimpa, most of the petrol stations were shut, including the NNPC station inside Gwarinpa , as the station was shut to motorists.

Along the Abuja – Keffi Expressway, only Forte Oil at Nyanya was selling, while all the NNPC retail outlets around Nyanya were shut down.

Along the Kubwa expressway, the large queues witnessed at the NNPC retail outlets at Katampe and Total filling stations continued and showed no sign of improvement. Some motorists told Vanguard that they have been on the queue for about four hours and called on the Federal Government to do something about the situation.

Due to the worsening scarcity, widespread incidences of sharp practices were recorded in most petrol stations, with rising cases of under-dispensing, hoarding and exploitation.

Also, most petrol stations no longer sell to motorists during the day, as they only sell at night when they feel they could get away with whatever sharp practices they are engaged in. Most of them sell to black market dealers in drum and other large containers at the dead of the night, while during the day, they claim they do not have products to sell.

kilonso001:
Infinix Hot Note 2.... I have one i wanna sell, if you don mind

Kyase:
Good, Christians well come with their conspiracy theory now. Just watch out. In ........

uchedydy:
I have observed with great dismay the outburst against the social media bill as presented by the Nigerian Senate. I make bold to say that Nigerians have been misinformed on this bill.

This bill does not in any way prevent meaningful post on social media, nor does it restrict the right of expression of citizens, it only tries to REGULATE it, thus ensuring that what ever someone post is factual( thus they said for alleagtions, attach an affirdavite to it).

What we have presently is a situation where people malign, slander peoples character based on falsehood, only for the maligned to use productive time to try to redeem his/her image. A situation where a blogger just for the sake of having traffic into his blog fabricate untruth, malicious and most time defamatory post about another citizen( be it a govt official or not) is completely wrong and should be checked. This is what his law stands for. Maybe this would make sense if you imagine your picture on the social media with a caption...' Lagos based businessman/woman in hot romance with minor' and before you say jack, major blogs are carrying it. Meanwhile, its all falsehood.

Finally, before we criticize based on sentiments and misinformation, plz note that Britain and USA all have Social Media legislation in place that regulates their social media.

Plz see link for UK social media law... http://www.publications.parliament.uk/pa/ld201415/ldselect/ldcomuni/37/3704.htm

tosin2013:
Stop brandishing beer parlour gossips about! Its people like you dat deserve that wicked social media bill!

nick16:
www.cbsnews.com/news/ben-carson-announces-foreign-policy-trip-to-africa/

GudluckIBB:
Let subsidy go. The reason Nigerians protested against GEJ's removal was becos it was laced with corruption and the leakages were still there.
Don't forget that corruption runs in GEJ's vein and there's nothing he would have done that won't have corruption in it.

dre11:
If this is done in his country, the individual would be tagged as an animal without shame and may even be arrested... This white man was seen peacefully urinating in public without fear of being reprimanded near a police sign post in Lagos.

www.nationalhelm.com/2015/12/see-what-this-white-man-was-caught.html?m=1

cjrane:
Boko haram didn't murder these soldiers.

Nigerian troops of northern extraction are conducting ethnic cleansing of southern troops. They send them somewhere, then they dress in civilian clothes , surround them and murder them. Many southern troops have been and will continue to be eliminated in this way and their murder will be blamed on Boko haram to cover it up.

Boko Haram gunmen have torched almost an entire village near the northeast Nigerian town of Chibok from where over 200 schoolgirls were kidnapped, a resident who fled and a local elder said Tuesday.

The raid in Takulashi village happened on Sunday and saw the Islamists loot food supplies, two days after fighters stole more than 200 cattle from the same location.

Recent months have seen a reduction in such hit-and-run raids in rural northeast Nigeria, in an indication the rebels’ ability to strike has been reduced by an army counter-offensive.

But sporadic raids still occur and there is concern about an increase in suicide and bomb attacks in urban centres.

A group of insurgents on bicycles and on foot invaded the farming and herding community at about 6:00 am (0500 GMT) on Sunday, shooting indiscriminately and setting fire to homes.

“They burnt more than 100 homes in the village. Only five houses were spared the inferno,” said a resident who gave his name as David, after fleeing to the nearby town of Askira Uba.

The attackers loaded food supplies onto four vehicles they took from the village and burnt four more they were unable to take with them. The rest of the supplies were set on fire.

“We will have to wait till everybody is back to know if there were any fatalities in the attack,” Ayuba Chibok, a community leader in Chibok, told AFP.

“We are making contacts with the residents who fled to locations where there is a phone network.

“We thought the worst had happened after Boko Haram rustled over 200 cattle in the village on Friday.”

In April last year 12 people were killed when gunmen attacked Takulashi in the wake of the abduction of 276 schoolgirls from their school in Chibok by Boko Haram.

Fifty-seven girls escaped soon afterwards but nothing has been seen or heard from the remaining 219 in captivity since a video in May 2014.

obailala:
The so called media ban to suppress information on boko haram atrocities was signed and instituted by your lord and saviour GEJ. When newspaper houses were sealed last year because they reported some damage done by BH, what was your response?... just a year ago, it was even forbidden to report bomb blasts in market places... Following the attack on Chibok community, no local station was allowed to report it until after foreign media revealed the carnage to the world. Just last year, when only external media bodies like saharareporters, BBC and aljazeera could dare to report BH activities, what was your reaction?... I'm sure you were amongst those who also called SR boko sympathisers because they dared to report what others couldn't report. Now instead of you to criticise the systematic problem where our military keeps shrouding things of this nature in secrecy, you are here blaming Buhari and APC for a problem which was obviously started by your hero?

What was your take when this was happening?
http://www.vanguardngr.com/2014/06/fg-urges-media-blackout-boko-haram/

AwesomeRomeo:
C8 sold. Waiting patiently for infinix note 2

tunnamania11:
Press volume up and power button simultaneously and release the buttons once it boots .
Wait for twrp to load, u will see install, go to where u saved your superuser.zip and click it, swipe to install .

darkskingoddess:
Recently, several lesbians have been approaching me. I don't know why, but this has been recurrent for the past few weeks.

I experience things such as looking me up and down, playing with my hair... giving me hugs that are a little too touchy and passionate, etc.
One girl even went as far as to snatch my cell phone, and nonchalantly put her number in my contact list!

As a "STRAIGHT" woman, I have been trying to settle upon the proper way to respond to such instances without being rude. This is extremely bothersome and uncomfortable!

Any advice?

EasternLeopard:
I have friends that have seen between 40000 to 80000 thousand naira removed

Some of them have borrowed money from banks to finance housing projects.


Guy

Those guys go hear am

StOla:
People who reason like you are a nuisance that every democracy must seek to defeat in the course of political campaigns.

How was Alamieyesiegha killed by APC?
Was it APC that impeached him, and prosecuted/convicted him?
Was it APC that made him jump bail in the UK, thereby ensuring his fugitive status everywhere in the sane world?
Was is APC that refused to build decent hospitals in Bayelsa/Nigeria, such that the fugitive ex-governor had to die in a neighbouring state federal teaching hospital without Dubai facilities?

Alamieyesiegha is a convicted criminal who killed himself with the corruption he nurtured. In the end, he suffered the fate he had condemned every regular Bayelsan to - a lack of infrastructure to cater for the needs of the citizens.

As for you, sorry is not enough to describe my sympathy for your mindset.

studio14:
I love this development, I am a government worker, I am paid 47k I took some loan to build a house in the village, each month I am paid 32k, no allowance no any other thing from my office for many years now, I don't take nor accept bribe from anyone I am a police man, I am posted to guard duty only surviving with 32k each month, so learn how to live on your income forget about those allowances that the ogas used to steal money that would have been used to create more employments