Obaseki: How Lack Of Funds Forced FG To Print N60bn For States To Share

Governor Godwin Obaseki of Edo State has said Nigeria is in a huge financial trouble.

Speaking at a programme in the state on Thursday, the governor said the federal allocation for March was insufficient, forcing the Federal Government to print between N50 billion and N60 billion for states to share.

"When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share."

“This April, we will go to Abuja and share. By the end of this year, our total borrowings is going to be within N15-N16 trillion. Imagine a family that is just borrowing without any means to pay back and nobody is looking at that, everybody is looking at 2023, everybody is blaming Mr. President as if he is a magician,” he said.

Lamenting the overdependence on crude oil, Obaseki said the rising debt profile is worrisome.

He said oil companies are shutting down in the country, challenging the government to come up with other means of revenue generation.

“Nigeria has changed. The economy of Nigeria is not the same again whether we like it or not. Since the civil war, we have been managing, saying money is not our problem as long as we are pumping crude oil everyday.

“So we have run a very strange economy and strange presidential system where the local, state and federal government, at the end of the month, go and earn salary. We are the only country in the world that does that.

“Everywhere else, government rely on the people to produce taxes and that is what they use to run the local government, state and the federation.

“But with the way we run Nigeria, the country can go to sleep. At the end of the month, we just go to Abuja, collect money and we come back to spend. We are in trouble, huge financial trouble.

“The current price of crude oil is only a mirage. The major oil companies who are the ones producing are no longer investing much in oil. Shell is pulling out of Nigeria and Chevron is now one of the world’s largest investors in alternative fuel, so in another year or so, where will we find this money that we go to share in Abuja?” he asked.

film3four:
Money as GSS boss weds his heartrob in Awka. The wedding attracted many celebrities.


https://m.facebook.com/story.php?story_fbid=4041227235941523&id=100001628584387


https://www.youtube.com/watch?v=0cNkCX0MCwo

Lalasticlala

Being Interviewed By The London Police @MuhammaduBuhari’s People Called on Me In A Failed Attempt At Stopping #HarassBuhariOutOfLondon

When General Buhari’s people called the City of London Police on me this afternoon, I calmly asked the officer questioning me this question:

‘’Officer, has Her Majesty, Queen Elizabeth II, ever come to Nigeria to access healthcare? So, why should you be called on me when I am asking my President to return to Nigeria to use our hospitals?

The police officer was touched. He told me I was within my rights and flashed the thumbs up sign �, and allowed the #HarassBuhariOutOfLondon to continue. Buhari’s people failed big time!

Tinubu rescued from falling in Kaduna

National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu was rescued from falling during a function at the 11th edition of the annual Arewa House lecture in Kaduna State on Saturday.

The former governor of Lagos State was invited to chair the 11th edition of the Annual Arewa House lecture.

The Arewa House Lecture Series is organised every year in honour of one of the post-colonial leaders of Nigeria, Sir Ahmadu Bello, the late Sardauna of Sokoto.

The event provides a forum for prominent elder statesmen and other distinguished Nigerians to address issues of national importance.

It would be recalled that Tinubu’s invitation to the event was strongly resisted by Northern Youths under the Arewa Youth Consultative Forum (AYCF) while cautioning Governor Abdullahi Ganduje of Kano State against extending the invitation to the former Lagos State Governor.

Meanwhile, the invitation did not deter the organizers, with Tinubu conspicuously registering his presence at the event on Saturday.

Tinubu at the function almost fell missing a few steps, but from the video shared online by a tweeter user, it can be deduced that he is in a good state after the bizarre occurrence.

The dangers of cultism in our society are highlighted in this viral video of the killing of a young man, ‘Tata’ by rival gang members.

Kinematics:
You and this your 1860 camera again

film3four:
This is a road trip from PH to Onne Port . We had a good coverage of the port complex, it is actually a very massive place. Enjoy viewing


https://www.youtube.com/watch?v=x8lqj-rAhco


Lalasticlala

film3four:
Obi Cubana, the CEO of CUBANA Group shows off his new house


https://www.youtube.com/watch?v=9h2IctlBNmE


Lalasticlala