₦airaland Forum

HMMMM

THANK YOU GUYS WE ARE GROWING IN NUMBERS BUT WE NEED MORE OF YOU TO JOIN

TOGETHER WE AIM TO BUILD A FORMIDABLE OPPOSITION

THE MAN DON WISE UP. E DON SEE SAY APC NA SCAM

Joshpoke:
Mr Man! Maybe you should ask yourself.. Why did all these happen? Is PMB to blame?
We like it or not... He's our president.. The moment we start supporting him and praying for him, the moment God intervenes..

WE ARE SUPPORTING HIM SAME WAY HE SUPPORTED THE PAST ADMINISTRATION. HYPOCRITE YOU TAKE CREDIT FOR CONSTANT POWER, BUT WHEN THERE ARE ISSUES YOU PUT THE BLAME ON GEJ

A WELL COORDINATED OPPOSITION CAN REALLY PUT A CHECK ON THIS GOVERNMENT, HENCE THE AIM OF THIS GROUP. AM A PROUD WAILER AND AM IN

JOIN THE WAILERS GROUP WITH BARCANISTA, DATOLEE AND OThER WAILERS If you are a wailer and interested in joining the Wailing Family on facebook where Barcanista, Datolee and other patriotic wailers will be dishing out analyses and having intelligent discussions. Join the Newly Created Group... PATRIOTIC WAILING WAILERS OF NIGERIA on facebook and be a part of it. To join search: PATRIOTIC WAILING WAILERS OF NIGERIA on facebook OR Click.... https://m./1479075902397262?refid=18&ref=m-search&_ft_&__tn__=C

AND OUR DSS IS BUSY WITCH\-HUNTING BUHARI PERCEIVED ENEMIES. NA WA O RIP TO THE DEAD

HOPE THIS IS NOT TRUE

mop4:
So what are you saying that none of these happen in the time of PDP........ Sorry lets try APC

Oga u voted change to see things improve, but things are getting worst any. PDP has already set d bar, anything below that is unacceptable

The Nigerian National Petroleum Corporation has lifted its ban on 113 vessels from engaging in crude oil/gas loading activities in any of the terminals within the nation’s territorial waters.

The letter, dated September 8, said President Muhammadu Buhari had approved the consideration of all incoming ships subject to a letter guaranteeing that they would not be used for any illegal activity.

It also stated that the President had approved the establishment of an inter-agency committee made up of the Department of State Services, Nigerian Maritime Administration and Safety Agency, Nigerian Navy, Department of Petroleum Resources and the Nigerian National Petroleum Corporation to investigate the activities of the banned vessels within Nigerian territorial waters.

The NNPC stated this on Thursday, confirming that it had lifted the embargo earlier placed on the vessels.

Although the notice referred to 113 tankers on the ban list, an analysis by Platts showed that the number of vessels actually totalled 102 when duplicate vessels were removed.

The ban had been lifted, several shipping industry officials also told Platts, citing the September 8 communique.

“The President has graciously approved the consideration of all incoming vessels into the Nigerian territorial waters subject to receipt of a Letter of Comfort from all terminal operators and off-takers of Nigerian oil and gas as guarantee that nominated ships are free and will not be utilised for any illegal activity whatsoever,” the letter, issued by the NNPC and seen by Platts, said.

“The President has directed the review of activities of all the affected ships to determine the culpability or otherwise in illegal operations within our territorial waters,” the NNPC letter signed by the Group General Manager, Crude Oil Marketing Division, Mr. Mele Kyari read.

Request for vessel clearances and documentary instructions must be accompanied by the Letter of Comfort indicating that these ships would not be involved in illegal activity, Kyari added in the letter.

The ban was imposed by the NNPC on July 15 this year without citing any reasons.

The tankers, according to a document signed by the Group General Manager, Crude Oil Marketing Division, NNPC, Mr. Gbenga Komolafe, were prohibited from entering Nigerian oil facilities and territorial waters.

The document said, “The NNPC has prohibited 113 tankers from engaging in crude oil/gas loading activities in any of the terminals within the Nigerian territorial waters until further notice.”

The letter was dated July 15, and addressed to terminal operators in Nigeria, while the tankers were listed in an attached spreadsheet.

It added, “The affected vessels have also been barred from movements within the Nigerian territorial waters forthwith.

“Finally, enforcement of the above directives takes immediate effect pending a notice to the contrary by the government, please,” the NNPC stated.

The ban was interpreted by market participants as having been imposed to curb illegal shipping of crude out of the country.

“It is a welcome move because many ships were not calling at Nigerian ports due to the ban,” a dirty tankers broker in North Asia was quoted as saying.

Many members of the International Association of Independent Tanker Owners were not sending any of their ships to Nigeria because of fears they could be impounded, a VLCC broker in Singapore said.

These included even those ships, which were not on the list of those prohibited by the Nigerian authorities.

Intertanko is one of the largest groupings in the shipping industry, with 207 full members and 285 associate members, and a registered fleet of over 3,000 tankers of over 270 million dwt.

Following the ban of the tankers, Intertanko had protested to the NNPC, saying in a letter by its General Counsel, Michael White, “Intertanko protests in the strongest possible way that this ban should be lifted with immediate effect until grounds and evidence for the ban have been given to each vessel and vessel owner/operator, and the owner/operator has had an opportunity to respond.”

Intertanko noted that no reference was given to policies and requirements relating to the ban or evidence of why individual vessels had been banned.
http://www.punchng.com/business/business-economy/nnpc-lifts-ban-on-113-oil-tankers/
CONFUSED PRESIDENT, BANNING WITHOUT ANY REASON.

Cross sections of Nigerian farmers have frowned at the immediate suspension of Former President Goodluck Jonathan’s agricultural policies with respect to the distribution of fertilizers, by President Muhammadu Buhari, adding that the ban will do Nigerians no good.

Mrs Umar, a farmer in Kaduna State who spoke to Post Nigeria on behalf of other farmers lamented that farmers have returned to being beggars since the inception of Buhari’s administration, following the unwarranted suspension of subsidized fertilizer distribution.

She noted that farmers have gone cultivating without fertilizer as the product remains unavailable to them.

This is coming on the heels of Buhari’s last week visit to his farm home in Daura, Katsina State, where he expressed delight at the abundant rainfall in most parts of Nigeria, saying this may be a sign of bumper harvest for farmers across the country.

During his visit, Buhari had said that he felt reassured about this when he saw good crop performance lining the roads all the way to his farm.

In stark contrast to the President’s statement, Mrs. Umar insisted that the so called abundant rain fall might not be meaningful if fertilizers were not used to improve the yield.

“Since Jonathan left office, the distribution of subsidized fertilizer has stopped. We have to start sourcing for fertilizer, and honestly there isn’t any available in the market.
“If you see the product, it will be very expensive. 1 bag of NPK costs about N5, 800. You can imagine how many bags a poor farmer needs to buy to improve his crop yeild,” Umar stressed.

The Jonathan administration had always made efforts to boost agricultural outputs in the country, but these efforts were not directly channeled to beneficiaries, until the introduction of the e-wallet system.

See: Rice Farmers to benefit N26bn in 2015 – President Jonathan

The E-wallet scheme which was introduced by the former Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, allowed every farmer registered under a cooperative union to benefit from the fertilizer distribution scheme.

The scheme allowed beneficiaries to pay only 50 per cent on agro-products, while the State and Federal Governments paid the balance.

Report reveal that the e-wallet fertilizer distribution process had improved agricultural output, as fertilizers were no longer diverted or sold at high rates to poor farmers.

The President of Etche Farmers Cooperative Union, Mr. Godwin Akandu, had on June 24, 2015 pleaded with Buhari to continue with the e-wallet system of fertilizer distribution, to enhance food security in the country.

An agricultural expert speaking to Post Nigeria in Benue State, Isaiah Gabriel, stated that the consequence of terminating the free distribution of fertilizer was dire.

He decried that on the spot assessment revealed that the price of food stuff will increase geometrically in 2016.

“The farmers in Benue State are passing through hard times because of the non-availability of fertilizers. The worst part of it is that the product is not even available in the market.
“The immediate past administration did tremendously well; I had expected Buhari to maintain this policy from Jonathan at least for the benefit of the country.”

He added: “I interact with farmers daily because of the nature of my profession. I have discovered that farmers are pained that the e-wallet system had been discarded and disbanded. Believe me; the rate of hunger will increase soon because farmers are not finding it funny.

“The issue is that the present government may not have a blueprint for the sector because of the absence of an economic team and a Minister of Agriculture.

“If Buhari is not proactive enough to give out fertilizers latest by January/ February, 2016, then Nigeria should expert serious food scarcity up to 2017 because fertilizers are used during planting seasons, anytime later than that will spell trouble”.Gabriel said.

Recall that marking the unprecedented achievements of Jonathan as regards agricultural development in Nigeria, the former President was named the Farmer’s President at the Agricultural Festival which held on January 23, 2015 at Eagles Square, Abuja.

“Our farmers were previously beggars, begging for fertilizers, and were receiving none. We gave them 3 bags of fertilizer each. This has restored dignity and hope back to our farmers” Jonathan had said.

http://www.post-nigeria.com/devastation-hunger-loom-as-buhari-suspends-fertilizer-distribution-programme/

NA LIKE THIS APC WAN TAKE DIVERSIFY OUR ECONOMY? OK KOTINU

YES THEY ARE RIGHT.

Ebukaobi:
Mr OcheJoseph

You have to do better than this

You keep writing daft epistles and in your own head, you term them as analyses.

It is very sad that this is the best that the PDP is offering Nigerians as opposition to the current government.

Am I happy with APC so far, no? But I prefer it to the PDP and the way they wasted the country's resources for 16 years. I am ready to wait to see how APC performs and whether you like it or not, that is the general feeling among Nigerians

Ochejoseph, I saw your thread on the FP notifying us of the newly appointed PDP Youth congress. You are the only one there without any educational qualification. You claim to have a certificate in Pharmacy, what exactly does that mean?

I will suggest that you invite more knowledgeable and educated people from PDP to handle the online propaganda.

You cannot do it because you are JUST not good enough

Shalom

God bless all Nigerians

MR MAN ATTACK THE MESSAGE AND NOT THE MESSENGER

DID CONSTRUCTION WORKERS LOSE THERE JOBS?
IS OUR CURRENCY IN FREE FALL?
DID ZENITH BANK SACK 1200 WORKERS?
DID CHINA SNUB NIGERIA, AFTER BUHARI ROMANCE WITH US?
DID JP MORGAN DELIST NIGERIA?
DID OUR INVESTORS LOOSE 311 Billion in 24 hours?

THIS IS WHAT U ARE SUPPOSE TO ASK YOURSELF OTHER THAN ATTACKING THE WRITER. THE TRUTH IS THAT NIGERIAN'S ECONOMY IS DIEING. INVESTORS ARE NOT INVESTING BECAUSE THE COUNTRY IS ON AUTO REVERSE. SINCE MAY 29 YOU HAVE BEEN HEARING HOW MUCH HAVE BEEN LOOTED, HAS ANYBODY BEEN PERSECUTED? NO. EVEN APC LEADERS ARE CONFUSED WITH THE WAY THING ARE GOING. GUY WAKE UP AND THINK

PDPwayoo:
APC is less than 2 years but I don't give a fvck. Yoruba states have no big money resources but south south is rich and their people r poor.
Have u ever traveled or visited villages from patani area going towards odi, mbiama yenogoa? U will see poverty face to face.
SOUTH SOUTH SUPPOSE TO BE DEVELOPED LIKE ABUJA AND LAGOS. Delta state, bayelsa and river state is control by PDP cabal, they enrich whoever they decide and leave the masses in poverty.

APC IS TWO YEARS WAT ABOUT ACN AND PDP, DONT FORGET RIVERS WAS GOVERNED BY APC FOR SOME YEARS STILL NOTHING TO SHOW FOR IT. PEOPLE LIKE US KNOW CHANGE IS A PROCESS, BUT PPLE LIKE U THINK CHANGE IS MAGIC. YIU TALKED ABOUT SOUTH SOUTH BEING RICH YES, DONT FORGET THAT THE SAME RICHES FEEDS THE WHOLE OF NIGERIA. THATS Y PEOPLE LIKE US WANTS RESOURCE CONTROL. IMAGINE HOW AREGBESOLA WAS BARKING THIS TIME LAST YEAR ALL BECAUSE OF OYEL MONEY. WE DON'T WANT BROOM WAIVING DEMONS IN SOUTH SOUTH.

Na Una sabi

Hmmmm

Will comment later. This man is high on something

That's y you where stopped from being the speaker. We don't want to hear "Baba so WI kpe.

PDPwayoo:
brainwashed fellow. for the past 16 years of PDP many villages in south south still drinking water from the river. The so called middle class drink borehole water.
Name one achievement of PDP in any southern state?

PDP turned southern youths to thugs and warlords just to win election. The current gov of Delta state has thousands of armed youth he has been training and using them for election. they have been on his payroll since 1999.
Orubebe has thugs he provide arms and salaries.

Patani, Burutu and other funny villages will continue to be jungle cos PDP has turned their youths to thugs. The money they suppose to use for developing the state is been used to pay thugs salaries and change their cars.

U talk abt PDP 16years in SS, I was born in Lagos, currently am Based in abeokuta, I've also visited ibadan. Everything about APC is all,scam and whitewash. Trailer cannot climb Pansheke bridge with the amount that bridge was built. Almost all government contractors are being owned here in ogun. Go to alagbole and akute to see how those people have been forgotten. There is a place at ibafon when they've neither seen light for 2year nor road. There is nothing in this ur South West. The worst state in Ss is better than ur SW. U almighty maga city is a fraud. No wonder it was called dirtiest city in the world. Come to abk they will tell u who govern more between APC and PDP. Your south western youths have turned into full ritualist.

Ongoing probe of the administration of former Rivers State Governor, Rotimi Amaechi by the State Judicial Commission of Inquiry has revealed how the sum of N53.930 billion was withdrawn out of the total N55 billion saved in the state reserved fund, originally meant to serve as a bail-out for the state in the case of emergency.

A Third Witness in the matter and representative of the First Bank of Nigeria, FBN Limited, which happens to be the trustees of the funds, Mr. Olufemi Okin, yesterday in Port Harcourt, gave evidence regarding the FBN Trustees relationship to the reserved funds.

Testifying before the Justice Omereji G.O. Omereji-led Judicial Commission of Inquiry at the Chief Justice Ceremonial Court, Rivers State High Court, Port Harcourt, the FBN Trustees’ representative stated that his organisation was appointed by the state government, under the former governor Chibuike Rotimi Amaechi administration to oversee the management of the funds, besides coordinating other activities of the professional parties appointed on the funds.

He listed those regarded as professional parties to include Skye Financial Services, as custodian of the Rivers State Reserved Funds, keeping custody of the assets of the funds, Stambic IBTC Assets Management Limited, acting as funds manager in charge of investment activities.

Also, the witness listed Assets and Resource Management Limited, as another funds manager.

On the benefits which accrued from investment of the funds from its inception till 6 July, 2015, the FBN Trustees’ representative said that the reserve rose from the initial total contribution of N38.5billion to N55 billion.

Concerning withdrawals said to have been made by the former governor, Olufemi, who works as a trust officer in the organisation, acknowledged the withdrawals and put the cumulative withdrawal from the funds from February 2014 to January 2015 at N53,930.000.000, explaining: “What is currently left in the Rivers State Reserved Funds is roughly about N1.24 billion.’’

Not satisfied with the word ‘roughly’, counsel to the Commission, Dr. Zacchaeus Adango, demanded to know the accurate figure to which the witness responded: “The reserved funds is continuing because the interest continues to rise. The counsel, who cross-examined the witness, also sought to know if the witness was aware that the funds could only be accessed in situation of emergency, the witness responded that it was the situation before the reserved fund amendment law was made.

The witness told the Commission about four different resolutions of the State Assembly, which culminated in the withdrawals made.

According to him, the first resolution was made in 13 February, 2014, followed by the second and third resolutions which took place on 25 February, 2014 and 20 October, 2014 while the fourth and last resolution was made on18 May, 2015 prior to the handover of the former governor.

Based on the resolutions passed, the witness stated that Amaechi withdrew N30 billion, N19 billion, and N5 billion, apart from the fourth request of N1billion, which he recollected though was granted, but could not be withdrawn by the governor based on the protest by the funds trustees

via the e-mail that, no list of expenditure was attached, to know what the projects would be executed for.

He said the e-mail was copied to the then state commissioner for finance, Chamberlain Peterside and the chairman, Rivers State Investment Committee, Abinye Amachree, whom he noted replied to the organization in writing.

At this point, the Commission demanded the submission of the e-mail message that indicated a protest by the trustees as to why it would not disburse the N1 billion requested by Amaechi.

The FBN representative later agreed to send the copy of the protest e-mail vial the commission e-mail by Wednesday to authenticate the claims made by the trustees.

The counsel to the Commission had earlier alleged that no items were attached to the expenditure as to justify the actual projects funds collected would be used for. In reaction to this, the witness stated that, part of the reasons given by government included the need to be able to complete ongoing projects then.

But the witness caused a stir in the court room where the Commission sat, when he stated that, part of the money requested by the governor was to enable the former governor address the security issue in the office of the Secretary to the State Government, SSG, with N4 billion, apart from N2billion said to have gone into the settlement of scholarship and pending arrears.

Others included payment of N488 million to contractors in January, 2014, another N488 million in February 2014, while N24 million was said to have been paid to the state environmental sanitation authority and another N1 billion for the dualisation of the Airport /Elele road, among others.

When asked if familiar with the overriding objective of the reserved funds, Olufemi, who serves as analyst and trust officer under the FBN trustees, explained that, “it is to accrue funds in the reserved account opened by the custodians on behalf of the state for the purposes stated in state reserved funds law.’’

(via Scan News)

http://www.thetrentonline.com/amaechi-stole-n53-930bn-from-reserve-fund-rivers-probe-commission/

Buharimeter, a platform monitoring the implementation of the electoral promises of President Muhammadu Buhari, has reported that about 800 Nigerians were murdered by the extremist Boko Haram sect within the first 100 days of Mr. Buhari’s presidency.
The revelation is contained in a report issued by the monitoring platform to mark Mr. Buhari’s stewardship in his first 100 days in office.
The report said Mr. Buhari, in keeping with his campaign promise, prioritized the fight against Boko Haram in northeast Nigeria.
It said despite the president’s best efforts, there had been several attacks by the extremist group, leaving deaths, blood and sorrow in their wake.
“However, in the last 100 days, there have been over 30 successful attacks and bomb explosions which claimed the lives of over 800 people and caused the destruction of properties worth millions of naira,” the report said.
The platform however praised the President for revving up the war against the terrorists.
“Right from his inaugural speech, PMB (President Muhammadu Buhari) ordered the immediate relocation of the Military Command and Control Centre (MCCC), from Abuja to Maiduguri, Borno state,” the report said.
“Since then, the administration has rejigged the Nigerian counter terrorism architecture with interventions ranging from the forging of regional and international alliances to the appointment of new security chiefs with a marching order to end the insurgency within three months to improved security spending,” it said.
The report also said the new administration boosted the morale and welfare of security agents as soon as it came into office.
It said within 100 days, the Nigerian Army reinstated 3,032 officers and military personnel convicted by a General Court Martial for offences committed while fighting the insurgents.
The government, it added, also offered scholarships to the children of slain officers and monetary compensation to their families.
“More so, apart from the immediate release of N5billion to bomb victims upon the directive from the President, Nigeria has received financial and technical supports from countries like China, Israel, USA, Switzerland, etc., and from the United Nations (UN) as well, to improve the victims’ economic and social conditions.
“The recent recapturing of the towns of Dikwa and Gamboru Ngala from the insurgents, reports of unsuccessful Boko Haram attacks, and the rescue of some kidnapped persons from the den of the insurgents by the Nigerian Military are positive signals towards ending the insurgency.
Regarding the fight against corruption, Buharimeter rated four of the 13 promises made by the president as ongoing.
It said immediately after inauguration, the President and his deputy opted for a 50 per cent percent pay cut as part of their commitment towards reducing the cost of governance.
The report also noted that “In its bid to block leakages, the administration established a single treasury account for all federal revenues.
“To institutionalise accountability within the Ministries, Departments and Agencies (MDAs), the President gave directives that civil servants must henceforth respond to the auditor’s queries within 24 hours; and all pending queries must be responded to within 30 days.
“To strengthen his fight against corruption, a seven-member Presidential Advisory Committee against Corruption headed by Professor Itse Sagay (SAN) was constituted to advice the administration on the prosecution of its anti-corruption war.”
The report added that the anti-corruption bodies, notably the Economic and Financial Crimes Commission, and the Independent Corrupt Practices Commission, have in the past 100 days embarked on a renewed fight against corruption.
It said several foreign nations also committed to helping Nigeria locate and retrieve stolen assets, while the federal government appointed PricewaterhouseCoopers (PWC) and KPMG to conduct forensic audits into the accounts of all revenue-generating agencies of the government.
Buharimeter lamented the attempts to distance Mr. Buhari from several of his campaign promises.
It recalled that the president’s spokesperson, Femi Adesina, tried to argue that the president never promised to make public his assets and liabilities, but that it was his party, the APC, that made the commitment.
“His assertion generated a lot of public backlash,” the report said.
The report, however, added that, the president and his vice eventually provided details of their declared assets and liabilities via a press statement by another presidential spokesperson, Garba Shehu, on the 98th day of the administration.
Buharimeter also assessed the president’s performance in infrastructure, oil and gas, agriculture, environment, Niger Delta affairs, employment and foreign policy.
Following its findings, Buharimeter made some recommendations to the President.
— That he must constitute a cabinet to assist him in his responsibility for the smooth and effective running of the government on a day-to-day basis within the coming weeks.
— That the government immediately unveil its policy directions.
— That the President should urgently articulate a “Marshal Plan” to address security challenges posed by terrorism, ethno-religious violence, rural banditry, kidnapping, amongst others.
— That the President should direct his efforts to implementing policies and programmes for employment generation.
— That efforts should be directed to the education sector, particularly in the areas of capacity building for unemployed youth, through vocational training.
— That the President take urgent steps to implement the other 197 unrated promises.

http://www.premiumtimesng.com/news/headlines/189788-800-nigerians-killed-in-100-days-of-buharis-presidency-report.html

SOUTH SOUTH HAS REJECTED APC AT THE POLLS, I DON'T KNOW WHY THEY ARE TRYING TO FORCE APC ON US. EDO IS READY TO KICK THEM OUT COME 2016.

The Nigerian Electricity Regulatory Commission (NERC) has lifted the temporal ban it placed on electricity tariff increment for residential customers nine months ago.
The ban was lifted by the commission during a presentation yesterday in Abuja at a public consultation on the minor review of the Multi-Year Tariff Order (MYTO 2.1).
The commission disclosed that the moratorium billed to have lapsed by July 1, 2015, would now take effect after distribution companies have completed their own consultations and remodelling of their tariff plan.
According to them, the new indicators in the minor review include inflation 8.3 per cent, up from 7.8 per cent; exchange rate N198.97 to the dollar, up from N166.18; energy sent out from stations 32,921GWH, up from 28,038GWh; revenue requirement N619 billion, up from N572 billion; average retail tariff N23.8, down from N26.8. This new review holds that the wholesale contract price is now N16,263/MWh for new entrant generators while the wholesale contract price for Geregu Power Plc is now 15,794/MWh.
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By implication, while the energy charge has automatically changed for all categories of consumers except those in the R1 class, residential consumers in the R2 class served by the Abuja Distribution Company may have to now pay energy charge of N18.41/KWh, up from the frozen charge of N14.70.
Reeling out the implication of the review, the NERC chairman, Sam Amadi, explained that the new tariff is actually a reduction of what consumers ought to be paying before the commission froze tariff increase for residential consumers. While re-emphasising that the commission’s priority is to protect consumers, Amadi said that the indices used in the review were obtained from official government agencies.
According to him, “The data used in the MYTO review is taken from official sources, including the National Bureau of Statistics and the Central Bank of Nigeria. We take the gas price from the NNPC and we take the quantity of generation from the system operator.
http://www.today.ng/news/091013969-nerc-lifts-ban-on-increase-in-electricity-tariff/

BUHARI'S BODY ODOUR AT WORK

Energy Ministers From Eight African Countries Gather In China Without Nigeria To Canvass For A Share Of The $5billion Available For Investment In Continent’s Energy Sector
Nigeria, listed as an investment destination for China, is missing on the roll as the Chinese government hosts eight African nations to a high powered investment opportunities forum which begins in Beijing on October 15.
The two-day investment drive will focus on opportunities in the energy sector of Africa’s economy. Listed to address the forum and present investment opportunities in the energy sector of their countries are energy ministers from Kenya, Democratic Republic of Congo, Zambia, Sierra Leone, Rwanda, Namibia, Uganda and South Africa.
Chairman of the Board of ICBC Standard Bank PLC, Mingqiang Bi and Deputy General Manager, Special Financing Department, ICBC Bank, Madam Shen Min are expected to provide insights into investment financing for
African nations.
A statement made available to The UNION on the forum said “there will be 11+ project presentations featuring major opportunities, including: The East to West Landbridge – LAPSSET Corridor; East African Standard Gauge Railways; Dry port development in Ghana; Unbundling of state utilities in Liberia and; Gas-to Power investment opportunities in Mozambique and South Africa.
The forum, which is in its fourth year, is tagged The 4th Annual Africa Infrastructure and Power Forum and “partners with the China Africa Development Fund, who will be seeking new projects to receive some of the $5billion under their management”.
Energy industry experts link Nigeria’s absence at the investment forum on the absence of an Energy Minister for the country. President Muhammadu Buhari, who has been unable to form a cabinet since inauguration on May 29, had promised to do so before the month runs out.
The statement notes that 2015 marks a turning point for African investment with the need to address the continent’s energy deficit, and the critical requirement to connect those living without access to electricity. According to the statement, 13 percent of world’s population live without electricity, majority, in Africa.
The statement notes that “Despite the headwinds caused by lower oil and commodity prices, and weakening currencies across sub-Saharan Africa, progress continues to be made. “Nigeria witnessed the most notable investment deal in recent weeks, with Africa’s largest privately held business –Dangote- signing a $4.34 billion deal with China’s Sinoma, an indication of Nigeria’s infrastructural ambition.
“In the same period, another of the world’s fastestgrowing economies, Kenya, has earmarked $55.6 billion for infrastructure development. Kenya’s road network urgently needs improvement – essential for trade and tourism, indispensable lines of inward investment.
“Global investors demand for African opportunities were displayed this month when one of the world’s largest private-equity funds – The Abraaj Group – announced it had raised $1.4 billion, indicating the dawn of billion-dollar African private-equity funds searching for greater returns than offered by alternative, saturated markets.
Of 119 African investor deals, there has only been one default in the past decade”. It also said that of all interested parties looking to invest in Africa this year, China remains the only nation that has consistently sought to improve infrastructure and power development on the continent.
The growth of China-Africa trade is revolutionizing African development, stimulating crucial upgrades of the continent’s infrastructure and power development – highlighted in June when Tanzania awarded a consortium of Chinese railway companies projects valued at $9billion.

http://theunion.com.ng/uncategorized/nigeria-snubbed-as-china-hosts-africa-on-investment/

This is the scam called change some pple voted for

This headline is misleading, kindly say ACN leaders visits Buhari.

MosakuAW:
In as much is a good gesture to the cripple cobbler who will ride the Okada for him. Since he is cripple all he needs is a wheel chair and a working tools to support his business, then channel the rest in form of scholarship to the children.

Fayose tweet above said "the cobbler shop got burnt and he lost his tools" why not get him another tools to make him remain in biz. Why okada? since he wasnt an okada rider before now.

Ekiti state is heading in a direction of self governance.

Yesterday, it was sharing of rice, chicken and oil to the people of Ekiti, today na cobbler who knows which way tomorrow. This is no more governance, this is looking more like show biz.

did u read where it was stated that he gave the cripple #500k. Think before typing trash

Governor Ayo Fayose of Ekiti State today donated N500,000 and a new Okada to a crippled cobbler named Iseoluwa Adelabu, whose shop and working equipment got burnt in Ikoro, Ekiti recently.

The public declaration of assets by President Muhammadu Buhari last week has continued to attract mixed reactions from the members of the public. The President is said to own N30m in cash, five houses in Abuja, Kaduna, Kano and Daura, 270 cattle, 25 sheep, five horses, farms, orchard, ranches and assorted birds. He probably did this after he came under heavy criticism by the international media. In a recent commentary, the Economist magazine described the President as the leader of the nation’s slow coach whose promises to fight corruption is vague, whose approach is lethargic and further confirmed that the initial confidence in him is surprisingly waning.

Although the President’s effort at the public declaration remains very symbolic in line with his promise not to condone corruption, the timing of his action has watered down the impact of that action. Why should he allow himself to do after 100 days, what he should have done in his first 10 days? Even section 11(1) of the fifth schedule of the 1999 Constitution that makes it compulsory for public officers to declare their assets specified that it must be done within the first three months. Let us even assume that the President did so as required by the Constitution, why will he wait for this long before releasing it to the Nigerian public? What does he want to achieve? Must he wait for international pressure to be applied for him to take such a symbolic action?

Many Nigerians were under the impression that our President was a very poor man before he ran for office – at least that was the picture that was created. He was seen as someone who symbolises the interest of the poor and the peasant talakawas. That was his unique selling point that endeared him to many followers over the years. There was this gist at some point that his landlord ejected him from a rented apartment in Abuja because he could not afford his rent of N20m. It was said that the landlord even slashed the rent down to N15m but when the former Head of State could not still pay, he had to forcefully evict him. Although General Buhari at that time did not confirm or deny that story, many of us believed it. We were even also told that the retired General could not afford to pay for his presidential nomination forms of N27m only. He was said to have collected a bank loan prompting many Nigerians to contribute financially to his campaign. Was that a prefabricated dummy sold to an unsuspecting public or what? How come the same person now has huge investments in shares, farms, livestock and orchards?

While I struggle to place such stories behind me, let us even look at the content of what was put out in the public domain by the President himself. Is our President really poor? For someone who has five houses in various locations of this country, I will be very cautious to describe him as such. This is a country where more than 46 per cent of the population are poor (however you define it), where 112 million persons do not have access to adequate sanitation – where 97, 000 children die yearly from common diarrhoea caused by unsafe water and sanitation. I have an idea of the location of the President’s house in the highbrow Asokoro area of Abuja. From my own naïve estimate, that house will be worth more than N500m, which is about $2.5m. Regardless of which parameter you are using, such a person cannot be described as poor with the prevalent conditions in our country today. Is owning one house too much for someone at the level of a former Head of State? Is he not entitled to such?

Before I forget, it is important to ask the President to clarify the source of his earnings – his salaries in the army or during his stint as the Chairman of Petroleum (Special) Trust Fund, his pensions, accruals from investments or from donations. It will also be helpful to know when those houses were built, allocated or purchased. It may well be that they appreciated in value. The whole essence of asset declaration is to ensure that such assets correspond with what could be described as legitimate and verifiable earnings of the owner. On this we shall need additional explanation from our President. Many analysts will like to make those mental notes now that he has decided to come open.
There is another brewing controversy that some of the President’s assets were omitted. Media reports allege that the President owns about 90,000 units of shares in the global logistics company, PanalpinaWorld Transport (Nigeria) Limited which was not in the list of assets he declared to the public last week. As I write there has been no official response or clarification on this from the Presidency. If this is true, should we consider it as an omission or a deliberate under declaration?

Before you rush into any comparisons; no one knows the worth of any of our former Presidents. It has all been curious speculations. All we hear is that they are stupendously rich in billions, probably trillions of naira. Even their spouses have been rumoured to own large expanses of real estate littered all over major cities like Abuja, Lagos, Kaduna, Kano, Port Harcourt and other parts of the world. Someone like former President Goodluck Jonathan bluntly refused to declare his own assets in public.

There are those who consider the President as a slippery politician who gave an erroneous impression of himself before and during his campaigns. I may not agree with those who hold this view but they too have a right to be heard. Someone like the former Governor of Kaduna State, Alhaji Balarabe Musa, insists that the number of assets listed by the President confirms that ‘he is a multibillionaire and cannot be seen as a peasant committed to the welfare of the less privileged’.

Now how does the public declaration of assets by the President affect other politicians in his party especially governors and senators in the ruling All Progressives Congress. After setting the tone, does it mean that APC governors will follow suit? I heard that Senator Shehu Sani has already followed suit. What of others? Nigerians are watching keenly whether the party that has openly canvassed for transparency and accountability will suggest to their members to take a cue from President Buhari.

For now, whether President Buhari is poor or rich is no more relevant to many of us. That conversation is slightly overtaken by events. What we now want is action that will positively impact on Nigerian people across ethnic, political and religious divides. Some of us, who supported him, one way or another, are more interested in his performance in key sectors of the economy. For now his policy direction still remains blurred forcing both investors and the international community to remain indecisive about any prospective partnership. If for nothing, we want to return back to our various constituencies holding our head high that the change we supported is bearing fruits.

http://www.today.ng/blog/090913657-how-poor-is-president-muhammadu-buhari/

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