₦airaland Forum

Buhariguy

buhariguy:
Op is a lazy tout, with your infograph, i can't see were this government has failed in what he promised.

Meanwhile, PDP that tormented us before, we shall see them no more

Lazy Buhari Media C.....w

Bill Gate Experience

Domestic debts are rising as FG has added N4tn to the internally-sourced debt. External debts have also increased from $10.3bn in June 2015 to $18.9bn as at December 2017. This puts the total debt addition at N6.6tn as at December 2017.

However, Nigeria still performs low in sticky foreign direct investments that can transform the economy on the long term. After the rapid rise of Q3 2015, what can Nigeria do to be an investment destination?

Portfolio Investments have been the driver of investments in Nigeria. Since Q3 2017, there has been an inflow of “hot money” into Nigeria

Capital importation numbers are rising. From the poor numbers of 2017, Nigeria sees a rise in inflows of foreign currency by investors and lenders. What is powering this?

There are more people out of job in Nigeria in the current administration. This administration economic policies has doubled the rate of unemployment in Nigeria. We need to ask questions.

Nigeria needs to worry on its size of debt servicing as it reaches over 35% of public revenues. N2.2tn is budgeted to service debts in 2018.

Food inflation is not seeing the same change as recent rates still hold firm at 18.89%. Why is the price of food rising at double-digit in Nigeria?

The rate of inflation is going down after a peak of 18.72% in January 2017. Inflation has slowed down to 12.48%.

FG has spent more on recurrent expenditure than revenue collected. This is shows that contrary to the Fiscal Responsibility Act, FG is borrowing to fund recurrent expenditure.

From June 2015 to December 2017, FG has spent N13.23tn, with only 12% (N1.58tn) going to capital expenditure.

Source: CBN

Here is the review of the performance of the current administration of We present few charts to show the economic directions, with recent growth less than 2%.


https://twitter.com/BudgITng/status/1001374955672653824?s=20

Lies too much


#APCWasted3Years

Buharinomics

#APCWasted3Years

Freedom pf expression Dead

As you can see

Haba

Because

Although

But

And

Now

.

Follow me as we take a a journey down memory lane on APCWasted3Years

yns4real:
Except for last minute changes, the President of the apex body for Muslim women, Federation of Muslim women Associations of Nigeria (FOMWAN), Ekiti State Chapter and Former Commissioner for women affairs, Alhaja Dr Habibat Adubiaro has been picked as running mate of APC governorship candidate, Dr Fayemi.

Mrs Habibat is from Ado Ekiti, and a Senior lecturer at the Federal University in Oye-Ekiti.

Dr Adubiaro will be the deputy governorship candidate to Dr Kayode Fayemi of the APC in July 14th governorship election in the state.

Although the party is yet to officially announce the running mate of Fayemi ahead of the poll, her selection by the APC has matched the PDP in selection and even surpass them.

While the PDP used Deji Ogunsakin’s deputy governorship candidature to fix Muslims and Ado Ekiti, APC’s choice will cut across religious sentiment being a Muslim and settle Ado Ekiti being the biggest voter concentration area. APC also beat the PDP on gender balance.

Also, Muslims may tend more to the side of Alhaja Habibat Adubiaro been an active Muslim known in the Islamic circle.

Deji Ogunsakin though a Muslim cannot muster the popularity commanded by Alhaja Adubiaro among the Muslims in Ekiti state.The stage is set and the game is getting more interesting.

Research interests: Food Chemistry and Organic Synthesis

Adubiaro's Brief Biography

Dr H.O. Adubiaro focused her research on Food Chemistry and Organic Synthesis. She hails from Igboora, Ibarapa Central Local Government of Oyo State and got married to an Ado Ekiti indigene.

She started her primary education at Local Government Authoruty Primary School, Ikereku, Abeokuta, Ogun State, Nigeria and later attende Igboora High School, Igboora, Oyo State, Nigeria for her secondary education. She went to the then Oyo State College of Arts and Science, Ile Ife for her H.Sc. between 1985 and 1987. She later proceeded to the University of Ibadan, Ibadan, Oyo State where she bagged B.Sc. Chemistry in 1994. In her quest for more education, Ekiti State University and got her M.Sc. with PhD grade and PhD in Food Chemiistry in 2004 and 2010 respectively.

She did her National Youth Service Corps in the defunct Odua Textile Ado Ekiti in 1994 and was retained after youth service, She worked as quality control supervisor for 5 years before she joined the service of Federal Polytechnic, Ado Ekiti and lectured for 13 years where she rose to the position of Senior Lecturer before later joined the service of Federal University, Oye Ekiti, Nigeria as Lecture I. She is currently a Senior Lecturer in the Department of Industrial Chemistry of the University.

She was the special Adviser to the Governor of Ekiti State between year 2003 and 2004. She has served at various committees as chairman and member in the Federal Polytechnic, Ado Ekiti, Federal University, Oye Ekiti, in Government and Islamic Organizations.

She won many awards to her credit. As a researcher, She won many research grants from TETFund in the Federal Polytechnic, Ado Ekiti, Federal University, Oye Ekiti and TWAS. She attended various seminars, workshops and conferences in Nigeria and overseas.

She is presently the President of Federation of Muslim Women's Association of Nigeria, Ekiti State Chapter.

She has visited Saudi Arabia, Germany and Netherland. She is happily married with children.

Sources:

http://nigeriapoliticsonline.com/fayemi-picks-muslim-woman-as-running-mate/

Been a lecturer vs a Former LGA Chairman.

Na wa for you hooo.


1. Her student in FUOYE will not even vote for her.

Just take a walk in to FUOYE to confirm

Comparing a Muslim women leader with

1. A former LGA Chairman that touch all life both Christian and Muslim.


Make una continue in una dream.

Anyway

#APCWasted3Years

The Peoples Democratic Party (PDP) on Monday tasked the challenges then All Progressives Congress (APC)-led Presidency to account for the over N10 trillion allegedly stolen by the party’s leaders and members of the President’s kitchen cabinet.

Uche Secondus In a statement signed by the National Publicity Secretary, Kola Ologbondiyan, the party mocked Buhari’s anti-corruption credentials, stating that under his nose, stealing of monumental proportions were going on. “The PDP asks the Presidency to address Nigerians on the leaked memo detailing corrupt oil contracts to the tune of N9 trillion ($25billion dollars) at the Nigerian National Petroleum Corporation (NNPC) and the Ministry of Petroleum Resources, which are under President Muhammadu Buhari’s direct supervision as Minister of Petroleum Resources.

“The PDP also challenges the APC and the Presidency to come clear on the widely reported stealing of N1.1 trillion ($3.5bn) worth of crude oil by APC interests operating with seven ghost companies. “This is in addition to the looting from the Treasury Single Account (TSA) evidenced in the reported stealing of N10 billion National Health Insurance Scheme (NHIS)’s account in the TSA, as well as revelation of the frittering of fresh N25 billion under questionable ‘deals’.

“The APC and Presidency have been playing saint and pointing fingers while their officials are having field day frittering trillions of naira to finance their opulent lifestyles and political interests, even under the watch of the African Union (AU) Anti-Corruption Champion,” the statement read in part.

The party also called on the ruling party to “address Nigerians on the widely reported stealing of N18 billion Internally Displaced Persons (IDP) intervention fund as well as the source of the N671 million allegedly stolen from the APC account by some of its national officers.”

Read more at: https://www.vanguardngr.com/2018/05/account-stolen-n10-trillion-leader-pdp-tells-apc/

mbattled Senator representing Kogi West Dino Melaye has been challenged to resume plenary on Wednesday as the senate does not feel the same without him.

Bayelsa state senator Ben Murray Bruce who made the call in a tweet via his official twitter handle said Melaye should resume in whatever condition he was.

Ben Murray-Bruce, the senator representing Bayelsa East, on Monday requested that his embattled colleague from Kogi West, Dino Melaye should resume sitting at the Senate on Wednesday.


The Bayelsa lawmaker stated that the Senate has not been “the same” since the absence of Melaye.

In a tweet, Ben-Bruce wrote, “I want @dino_melaye to come to the Senate on Wednesday even if he is on crutches.


“The @NGRSenate is not the same without Dino! We miss him. I know he is on crutches but I want him to come on Wednesday and I will stand with him.”

Melaye is currently involved in a face-off with the Nigeria Police Force.

The lawmaker, who allegedly jumped-off a police van transporting him to Lokoja, Kogi State, has since been arraigned in a state High Court.


However, Melaye was granted bail by the court

http://dailypost.ng/2018/05/28/dino-melaye-senator-must-resume-plenary-ben-bruce/

ACCUSTOMED to meeting most of their financial obligations from their monthly share-out of the Federation Account, Nigeria’s 36 state governors were recently confronted with less-than-expected offers from the pool. Under-remittances from the state oil company and some other agencies mean less revenue for states battling rising costs, high debts, deficits and an impending election cycle. The chickens the President Muhammadu Buhari-led Nigerian National Petroleum Corporation hatched are coming home to roost.

The alarm raised earlier this month by the states’ commissioners of finance that expected remittance to the Consolidated Revenue Fund of the Federation from the NNPC shifted to near-panic mode at state houses last week. Two consecutive meetings of the Federation Accounts Allocation Committee – a gathering of the Minister of Finance and the states finance commissioners – ended without agreement as delegates rejected alleged under-payment by the NNPC.

Fresh confirmation of our untidy national book-keeping practices has just come from an audit report prepared by KPMG and commissioned by the National Economic Council. The report found that 18 federal revenue federating agencies withheld the sums of N526 billion and $21 billion from the Federation Account between 2010 and June 2015. NEC, chaired by the Vice-President, includes the finance minister and the state governors who are understandably livid at the continuation of a system that allows the NNPC especially, to carry on as usual.


They woke late to the posers this newspaper has been raising over the oil company’s dangerous monopoly on refined petroleum products since September; its unverified claims on volumes imported and distributed; its self-regulation; its runaway self-imposed habit of subsidising petrol, and virtual autonomy under an inattentive President who has also made himself the petroleum minister.

Now, governors are finally waking up to the dangers. They should have spotted the booby trap when the NNPC gleefully announced that it was now the sole importer of petrol after independents left the field, citing losses arising from a landing price then of N171 per litre compared to the regulated price of N145 per litre ceiling. The alarm should have been louder when, first, the NNPC said it would absorb the losses and quaintly labelled it “under-recoveries,” and, next, claimed the improbable supply figure of 55 million litres per day. A healthy scepticism would have prompted independent checks much earlier than now to safeguard public funds. Now that landing cost is N191 per litre, NNPC is heartily subsidising on our behalf while we pick up the bills.


In between, Maikanti Baru, Group Managing Director, claimed the company incurred $5.8 billion in two months. In January this year, petrol imports cost N1.4 trillion.

Improbability has given way to incredulity: governors have now taken a cue from The PUNCH in questioning the new figure of 60 million litres supplied per day and Baru’s vow to bring in 100 million litres per day for two months.

Neither Buhari nor the lazy, distracted National Assembly can run away from providing answers to the governors’ posers. Who verifies the NNPC’s import and expenditure claims? There should be a thorough investigation of the company’s operations to ascertain how much petrol comes into the country and where they go. It stretches the imagination that the neighbouring markets of Benin Republic, Niger Republic, Togo, Cameroon, Chad and Ghana can absorb the excess over the 35 million litres per day claimed by the NNPC as our national demand.


More importantly, we should stop the national folly of continuing to allow vested interests to prevent the privatisation of the NNPC’s four loss-making refineries and liberalising the oil downstream. Buhari and Baru are driving the economy that shrank to 1.95 per cent in the last quarter aground. Rather than sell them post-haste, Baru, in accordance with the retrogressive presidential fiat to make them work “at any cost,” is on a forlorn, unworkable drive to attract investors who will provide funds but will not own. Such shallow thinking and convoluted rigmarole have ensured that the refineries cannot meet local demand and continue to accumulate operating losses over the last three decades (group losses of about N546 billion in the three years to 2017). The refineries lost N82.09 billion in 2015, N78.95 billion in 2016 and a report by Bloomberg puts recent losses at the NNPC HQ and the refineries at about $500 million.

Baru’s acrobatics of wooing the original builders and others to invest in refurbishing them are not viable. As long as the NNPC remains a major player in the downstream, operators will continue to flee the local market as Chevron, Texaco, Mobil have done, leaving only the bold and influential Dangote on whose upcoming 650,000 bpd Lekki refinery lies the country’s sole hope of breaking the NNPC stranglehold.

Opaque, self-regulating and over-politicised, the NNPC’s losses pale in contrast to the strong showing of other SOEs like Norway’s Equinox (formerly Statoil), Brazil’s Petrobas and Gulf oil majors that all posted rebounds in 2017 as oil prices rallied. The world eagerly awaits the flotation of Saudi Aramco whose owner, Saudi Arabia, is reforming its economy away from oil dependency and opening up to global investors. Nigeria must follow suit.

Buhari should relinquish the petroleum resources portfolio and reconstitute the NNPC board to allow for reformers from outside the rotten NNPC system. In line with his electoral promise, Buhari should follow the advice of Governor Nasir el-Rufai of Kaduna to “kill the NNPC” to make way for a new entity to emerge and meet national aspirations. A recent report that depots and pipelines that are not even fully utilised drained N174 billion reinforces why the NNPC should exit the downstream sector completely and concentrate on its core function as a holding company.

In the meantime, the parliament should launch an all-out probe into the fuel import system and the refineries. Governors should not stop at insisting on full remittance of all funds due to the CRF, they should go to court to demand their rights.

https://www.punchng.com/buhari-baru-have-made-nnpc-worse/amp/

madridguy:
don't want old man, I prefer from 19 to 27

She size u now