₦airaland Forum

banki:
Sometimes it's best to keep quiet if they arrest you now for libel and defermation of character you will say buhari is a dictator

Is there any company called remitta?
When did buhari sign any contract awarding the company to collect money onbehalf of fedral government

When did "system specs" start collecting money....
You guys are crazy

PROVACATEUR:
Its only a stupid person that doesn't know that APC is corruption personified.

fashola spends N130 million to build two bore holes n was celebrated

The Nigerian Labour Congress President Comrade Ayuba Wabba has called on the Federal Government to come clean on the Treasury Single Account (TSA) allegation by probing into the alleged collection of N25 billion by the contracted agent.
Speaking in Abuja at a public lecture on “Good Governance with Special Focus on the National Assembly” NLC president, Ayuba Wabba urged the Federal government to come and tell Nigerians the truth about the TSA.
He said, “If what the papers said is true that the Federal government contracted the agent which serves as the remitter agent to collect money into the treasury single account have benefited to the tune of N25 billion, money that would have used to fix some of our challenges, then I don’t think we are practicing what we are preaching and I am not sure we are really trying to bring a positive change in Nigeria because the change we want is one that will put food on our table not money in the pocket of few”.
The President further said there is no justification for Federal government to actually use an agent for the purposes of collecting our revenue because there is no federal government agency that will fail to remit its revenue to the Federal government. Adding that we don’t need an agency to do that work. Speaking on new ministers, he said, “A lot of things have not moved by the speed we were expecting, especially when you look at the economy and our key infrastructures. Even in construction, most of those activities have come to a stop. So invariably, as Nigerians we are expecting that economic activities will be able to kick off immediately. And also we needed the policies and programmes to start to be implemented as soon as possible because four years is just by the corner and so therefore every day must count in whatever government business. And therefore, we are expectant that they should be able to drive effectively the policies and programmes that they have canvassed for especially in the area of job creation.

grandstar:
The disparity in the exchange rate and refusal to devalue is already devastating manufacturers.

So not devaluing is worse. Sanusi who refused to devalue during his time has even urged the FG to face reality. wake up and smell the coffee!

400billionman:
Buari did not attract a single investment from his numerous US trips simply because he didnt travel with an economic team..

MathsChic:
Lool. Slow motion? Christ!
Funny pic on profile though. I think i have that disorder, i must confess.

MathsChic:
I'm sure you are

MathsChic:
Lol thanks

ritababe:
pls summarise the topic for me, what does it mean to nigeria

JigsawKillah:
And what about the financial sector?

You'll keep debunking facts that you're being tribalistic but your posts don't say that. Let the man do his job!

maupe:
Thank you Tonye for pointing out this fact. Most Nigerians were simply fooled by the red carrot that was dangled in front of their noses. The power works and housing nonsense made most Nigerians to close their eyes to the obvious fact. The President yesterday delivered a master stroke in his plans to usurp and destroy our democracy. Nigerians seem to forget that with the inception of the TSA and the zero budget policy has turned such juicy ministers into redundant stooges. The sack of 18 perm.secs was the icing on the cake, because the new Perm.secs will act as spies and defacto heads of the ministries. The only positions the President saw as pivotal to his plan are the defence portfolios and the oil ministry. This is the same scenario that has been playing on for decades, the north dangle the private sector in front of our noses and then opt for the gun which is the most fundamental instrument in governance.

PassingShot:
This is an indication that PMB/CBN took the right decision. Any economic decision that makes US/EU frown at us or report us to any body is surely good for our own economy.

Favparis:
Hi Mr. Economist, what contribution has this your Economic brain contributed to the development of our economy?

Since you know this Economy so well, has it changed anything in this crumbling sector?

Answer Me

CSTR2:
What indigenous economy?
Indigenous economy and yet he opened the borders to indiscriminate rice imports.
Compare this to the much maligned jonathan that focused on home grown agricultural self-sufficiency, and an attempt at rewamping the home-grown automobile industry,e.t.c.
It was the jonathan administration that even blocked the EU trade deal.
The west is annoyed with buhari, but his phantom indigenous policy is not one of them, because it is virtually non-existent.
Stop trying to be a sycophant.

Goke7:
Truth is the western powers are wary of PMB especially in his drive to revamp Nigeria's indigenous economy, we really need to pray, they don't continue to use pdp and their biafra touts to incite Nigerians against PMB. reason PMB himself has assembled a bunch of fearless cabinet members like fashola, audu ogbeh, amaechi and so on. It takes guts to deal with the western world and call their bluff.

SeverusSnape:
Help me ask the zombies.

egift:
Since the Peoples Democratic Party got kicked out for their 16yrs of failure, they have embarked of numerous window-dressing efforts to warm their way back to the hearts of unsuspecting Nigerians.

From excessive criticisms, crying wolf where there is none and throwing jabs at the ruling party, the APC. All these distractions are geared towards planting disaffection among the masses and insinuating a mirage of dissatisfaction of Nigerian against the current administration.

Two days ago, the PDP's National Conference Committee Chairman, Raymond Dokpesi, made yet another subtle effort by the party, tendering an apology for all the mismanagement, looting and impunity that characterized the 16yrs PDP held sway. But fortunately, Nigerians who are still bearing the brunt of the PDP legacies, voice their displeasure. With such backslash, PDP are not tactfully withdrawing it, going by the new press release from Metuh.

It is on this premise I wish to tell the PDP that Nigerians will not accept any apology from the PDP that does include the party returning all fortunes they looted from us for over a decade and a half. It is only when that happens we will take them seriously. And we also encourage President Buhari to prosecute anyone found to have shortchanged Nigeria to the fullest extent of the law.

God bless Nigeria as we march to greater heights.

Favparis:
what a Waste of 5mb

firstEVA:
With the appointment of Babatunde Fashola as Minister for Power, Works and Housing, it is very clear that the president has so much confidence in Fashola, I am tempted to conclude that if not for the negative response which would have greeted a muslim/muslim ticket for presidency, Buhari would have picked Fashola as running mate. This is his own smart way of making Fashola his second in command. Osibanjo is just there like a piece of ornament.

The United States and the European Union have raised concerns at the World Trade Organization about Nigeria’s central bank curbs on access to foreign currency, a WTO official said on Wednesday.

The bank, seeking to conserve its dollar reserves, said in June that importers could no longer get hard currency from the interbank market to buy 41 items including rice, cement, private jets, steel products, plastics and rubber, soap, cosmetics, furniture and Indian incense.

At least nine WTO members raised concerns about the trade-related impact of the rules at a meeting of the WTO’s Council for Trade in Goods on Tuesday, the WTO official said.

Nigeria’s representative at the meeting said the Nigerian trade ministry was also very concerned and had requested a rollback or standstill of the policy as soon as the bank announced it, the WTO official said.

The U.S. representative at the meeting expressed “strong concern” about the effect on U.S. exports such as agricultural goods, plastics, aircraft and aircraft parts and metal and metal products, adding that the affected exports were worth $500 million in 2013 and 2014, the official said.
The U.S. trade official also said the central bank had justified its action by saying it was “in order to encourage local production of these items”, which revealed its protectionist motivation.

She added that it was damaging the Nigerian economy and would have the opposite of the intended effect, but the Central Bank had tightened the measures in the last few months.

The EU official at the meeting said Nigeria also seemed not to have sought approval from the International Monetary Fund for its foreign exchange curbs and said they were having a significant impact on trade.

Other countries that had concerns about the curbs were Thailand, which was worried about agricultural shipments, Norway and Chile, which were concerned about fish and Switzerland, Uruguay, Iceland and Malaysia, which were worried about the “systemic” impact.

The Nigerian official at the meeting said the bank should have had consultations with stakeholders beforehand, including the Nigerian trade ministry, the WTO official said. (Reuters)

Timbuktou:
What is this nonsense? Is this opposition politics? Dog wey go lost go lost. When Lai Mohammed offered this nurse a crash course in effective opposition politicking people flayed him. Now, look at the rubbish someone's grandfather is spewing in public. What a shame.

Mogidi:
I spotted Adeyanju Deji, a real patriot.