₦airaland Forum

When you see the number of people accepting this as an actual letter from TI, you feel sorry for the logical reasoning capacity of so called anti-GEJ elements. If people can reject fuel subsidy removal despite the logic of the sound economics, i am not surprised that those same people do not even 'know' TI not to talk of what can emanate from them.
Ignorance is bliss. It gets more advertised when some people just want to get off by insulting their president for whatever reason.

Nigerians are just too emotional about issues. Is the quarrel about the need for a naval research institute or is it that there is another state that is more strategic for such a project than Bayelsa. And does the legislature in her oversight capacity, have the constitutional impetus to stop executive projects as this? I think these are more valid questions. If this project will serve any strategic security need of Nigeria, then it should continue. The committee should ensure that the quality of work done is good enough for the appropriated funds.

I just need a link to sucj adverts to confirm myself. Can you post those links, sure i can't see it on NL home page.

@afam
I expect you to read between the lines. The SS-SE alliance being attacked by northern e-strategists should only suggest to you that it is working and threatens their ambition. We have good reasons to support Jonathan presidency and that reason is not Edwin Clark. Be guided...

Why not? I will still give him my vote. We know the drill on NL, the place where real life losers win election. You remember the margin with which Buhari won on NL and the margin with which he lost in real life? Moral of the trend: when you win on NL, you lose in real life!!!

First and foremost, this release wans't from Nigerian Army, rather from a 'sahara reporter' who happened to be at the scene of the incident 'at night'. Secondly, sahara reporter has been known to report lies before.
We should be able to look at a story critically and consider the source of the story before believing it.

Does i mean that when a pot calls kettle black, that it compromises the truth in any way? Same logic that make people come to nairaland screaming that Sylva is being witch-hunted or Bankole's Father shouting persecution when in fact his son is faced with cold hard facts of corrupt enrichment.

No wonder Peter Obi made it clear that Nigerians encourage their leaders to steal. Now, the question is DO YOU??

Thank you Sir!! Thank you a million times!!!!

^^ You've got mail, Sir.

Good job you are doing there, inspired.

Kindly help check out this VIN: JT2BG22KXY0413157.
Thank you.

Fact is that when Nigerians say 'you cannot remove fuel subsidy and still budget N1b for your feeding', they seem to be indirectly saying 'for us to accept your loot of N1b for feeding, you must allow us enjoy the 'loot' of fuel subsidy'. That is the ideological poverty behind they#occupy movement!

Many senatorial zones wish silently that they have tis kind of option on their ballot papers come next elections. Either way, Anambrarians are still the winners.

^^ Sanusi does not have any higher degree in any 'bank related course'. He has only B.Sc in Economics from ABU and another degree in Islamic related discipline in Sudan. This was actually my major reason for disagreeing with his appointment as CBN governor ab initio, but some people think that paper certificate is not important.

It appears some folks are getting scared that GEJ 'may' just succeed, hence the 'bad-mouthing' of every action taken. I dont know all the team members but the ones i can identify really knows their stuff. I can guess where GEJ is headed and it is the right direction

It is difficult for any sensible person to imagine that Nigeria will contest such an office and lose the election. This is Nigeria, not just GEJ. But when emotions are involved, people believe what makes them feel better. This deliberate misinformation by critics without principle is getting childish. An advice- don't hate GEJ, just disagree with his policies and by so doing, you keep your head clear of emotional association on issues like this.

As if we are not all Nigerians. As if we purged corruption from NITEL before deregulating the sector or we deregulated the sector partly to fight the corruption and waste in it.
Many argue that you can't trust FG with extra money because it MAY be stolen. Well, if we accuse GEJ of running the country on luck, we should be accused of running our future with presumptions. And by the way, people have argued that more money should not go to states and LGs because they could be stolen, is it a way of saying that we trust FG that is far from us with money more than we trust our closer governments. I sense that Nigerians are allowing emotions to get the better part of them in this issue.
My take is if the only thing that this subsidy removal achieves is to get people ask questions about how our commonwealth has been used, then we have achieved something. If GEJ really is wicked, he will just roll back, revoke 2/3 of marketers licence in the name of cleaning up the sector which we will myopically applause and watch you and i beg him to deregulate the damn thing. I think he came too clean initially, he should have come that way!!

GEJ has 4 year mandate and he is just 6 months into executing his program for the country. As far as i am concerned, if there is anybody with the right intention to fix the system, it is him. I know, yes i know that he is taking the right basic steps to address security, oil industry and the economy. I also know that most of his program have three years up incubation period. I will suggest that we let this guy serve out his tenure. And while at it, think about the 7 year single tenure for subsequent chief executives with an open mind because i know that it will address majority of our emerging political challenge, including what is happening in Bayelsa presently! GEJ is on course and it is in a subtle but transformational way. Though he need an information minister like Frank Nweke Jnr of OBJ era and flush his present information management model that is too reactive. Abati should belong to the background and let fiery guys that think on their feet in the front.

To Aregbesola's understanding, Federal police stopping his supporters from getting to Abuja is enough reason to put up this show of shame? I am sure that most Osun elders are shaking their heads in shame. So Aregbesola believes that it is outside the duty purview of the police to stop such movement? Aregbesola feels that a phone call from him to IG will change the mind of the police. He is the one that was trying to abuse his office.
The worst of all is that you are playing HOST to a sitting vice president who came to commission a project in your domain and every African culture does not encourage being the kind of host that Aregbe was. For the Osun people, do you think that what Aregbesola did was best for your state in very many perspectives? Sincerely, some people did similar things during SUG days, the same thing that convince them of how childish they once were,

So you are effectively asking that somebody else be banned from a public forum on this day, 25th of October, 2011?

I am still to get the policy direction of the present CBN leadership and the big target they are aimed at achieving. These guys came in speaking the same language as "occupy wall street" folks. Sacked bank management and declared a new era for the rescued banks. They later sold the banks out amidst claims and counter claims of mismanagement by CBN trustees. I think these thing should be aimed at solving some problems. Now i am still wondering, what problem are we trying to solve and how far have we gone in solving them. I need to get the big big picture.

If indeed that justice was distorted, ACN should be prepared for the consequences. Lagos State Government controls LASIEC but they should remember that FG (which is PDP controlled) controls INEC. PDP, for all her ills has the best crop of guys that fully understands this country. This may go unchallenged by PDP but only to fester the heat of hurt of suppression of people's voice meted to them by their beloved party and for the first time, you may have many people asking critical questions about how sensitive this regional party is. Remember that injustice is a sore wound.

This is not about throwing insults, but this is a true test for shining knights like Fashola. Where he stands now matters most. Is he with his party or with the people? If he plays to the gallery and enforces ACN position, he might have compromised the basic reason for ACN support in Lagos State. Otherwise, he might be hurting his political associates. But for what i see, and no matter how this plays out, ACN may emerge less popular.

This cant be the result. Both already have about 66000 votes each and the results of the cancelled areas gets added to the already decided figures to produce the final results. And i dont also think that anybody can win that seat with more than 1000 votes margin considering their individual grassroot support. So, let get our facts right and not become another Anene around here.

@ndu_chucks
And it seem you did not read your links very well. these are the last few paragraphs:

When Charles Soludo pledged two years ago to eliminate the disparity between the official and parallel exchange rate of the Naira, part of his solution was further liberalisation of the foreign exchange on March 27, 2006 as the parallel market diverged significantly from the official rate (151- 1$). He:

            Brought Bureaux de change into the official foreign exchange market as brokers Decentralised the sale of foreign exchange to BDCs to allow branches of the CBN sell directly to BDCs within their areas of operation  Liberalised the credit market, made it possible for one to use his overseas property as collateral thereby making the acquisition of foreign currency and credit facilities easier. Liberalised the transfer and importation of foreign exchange and made it possible for one to simply walk into his nearest bank and buy foreign exchange.

These measures were lampooned by some “experts”. I particularly read one highly critical article in a Nigerian daily, “CBN should stop this madness”! I was bought over – being a layman myself - by the economic arguments carefully marshalled against Soludo’s idea. Today, the cumulative effect of these and other measures are very clear for all to see. The dollar has been stabilised at 126 - $.

Soludo was correct when he said, “the nation is in a state of urgency and in haste as she cannot afford gradualism toward the economic development of the country, you cannot afford to get to the sky, you cannot afford to get to the moon and yet be afraid of something like an aeroplane. If we are going to be one of the 20 largest economies in the world by 2020 then we need definitive actions. Part of the FSS 2020 is that we must dare to be; we must dare to do it. The Nigerian people should not be afraid of changes; changes that would be required might be so dramatic that they may have difficulty with.  The country needed the kind of revolution that took place in the banking system to also take place in all other sectors of Nigerian economy in order to meet up with developed countries of the world”. Unfortunately this opportunity has been lost, perhaps forever.

Those that loved Nigeria and were happy to see the back of Olusegun Obasanjo had hoped that the present leadership, being but offspring of the former, would jettison the former regimes irritable traits but embrace its finest policies and the personnel that propelled them. The likes of Nuhu Ribadu, Charles Soludo, Dora Akunyili, El Rufai even Ngozi Okonjo Iwealla would have brought the present administration enormous goodwill. Nigerians are surprised at the haste with which the hawks and ethnic irredentist are pushing Yar’Adua to jettison all the vestiges of the old order. The saddest aspect of it all is that they strain out the Gnat, but gulp down the Camel! Instead of going after the bad persona which is the problem, they are going after the good guys.

Source: http://www.nigeriavillagesquare.com/articles/danny-elombah/nigeria-should-have-tried-soludos-solution.html

@Dis Guy

Maybe, China have to straighten her human rights records before demanding a space in Ghanaian Oil and gas industry.

ndu_chucks:
I'm afraid you may have an issue with comprehension or you are ignorant of Soludo's alleged extra curricular activities. What I am talking about are allegations of criminally fraudulent activities of Soludo's.  Go and read up, pal, I don't have much time to educate you on this. olodo

In the Maintime Read This

And  This

You should be showing those to GEJ, Aganga, Sanusi, EFCC and ICPC. It is their job and not mine to use them. If Soludo corruptly enriched himself, then it is the job of the authorities to try him in a competent court and possibly jail him if found guilty,  and even take credit for fighting corruption. But if they have not done that, rather what we have is the same 'corrupt' guy accusing the authorities of incompetence and they seem so helpless. What are the findings of the British investigators or their Nigerian counterparts? That is my point. Or is somebody just doing those articles to score cheap political points. Let Waziri of EFCC and Aganga have a look at your links. It may help their case now, unless the accusations therein are false.

ndu_chucks:
GBAM!!!  I will not be surprised if, given Soludo's support for Atiku, the EFCC has been unleashed on him, enabling Soludo to make a preemptive strike of his own - He can now cry witchhunt and revenge if EFCC raises any issue of his alleged criminal activities. Frankly the man belongs in jail along with Madam Ibru and Bode George.

Morality?? Are you even aware that there is no word like that in global economic maneuvers? Are you aware that China manipulates her currency? Is that moral? What about the war in Iraq? or the sanctions against Zimbabwe? Please, if you want to discuss policies and their impact on the polity, better do so and don't even mention morality again. I would rather prefer 'legal' or 'regulations' to 'moral'.
And people don't just go to jail because you think they should. They go to jail when they are convicted. And Soludo attacked GEJ's government who has the means to investigate and jail him on the grounds of any of your imagined crimes if found guilty, but why have they not done that? Does it mean that somebody is not doing his job well?

Dis Guy:
business dont expand just because its fashionable, and honestly do you really think all tehse banks investing in other countries are gaining anything apart from the 'international' tag, some banks already closed their operations in West Africa and their operations in UK is just for show!

I really don't get your point about banks having a branch in Gambia or Uganda being some sort of 'foreign investment'

Ok, so you mean that expansion of our local businesses to other countries is not good for our economy? You need to find out how much countries like China do to have their Huawei or ZTE do to expand and establish in a place like Nigeria. Shell, Chevron, Standard Chattered Bank, Procter and Gamble and many others are non Nigerian coys doing business here. Is that a plus or a minus for their local countries? What about MTN? Look, lets just not blur our judgment with sentiments. Soludo achieved far more than Sanusi and Aganga combined can achieve in 10 years at the pace they are going. Soludo gave Sanusi a bank to regulate. If bad loans are rats and banks houses, he converted the houses from huts to mansions that can accommodate bigger and more rats. That is my point. But to wave aside everything that Soludo achieved because you want to recognize Sanusi's job at stronger regulation is not just acceptable. Anyway, you don't have to agree with me, but this is what i believe.

byrron:
@frank c: im proud to find some1 like u here who understood what d issue was and addressed it d way a rational being shld just d way u did. Well said, aganga is just ve an overblotted profile which has nt translated to anything positive economicaly, even recently the CBN governour showed us how empty dis aganga guy is! Aganga shld ve told us why our ECA account is empty at a time when d price of oil in d international market? He shld ve also told us y we are returning back to d era of debt accumulation under his tenure? He shld also have used dat opportunity to tell us d economic rational behind borrowint #2trln to finance a budget of consumption for 2011? Its like its a crime to ask fundermental questions abt our economy? Any issue raised is seen as an attack on d president even when dis issues are visible 4all 2c yet some people will rather prefer us all to keep quite and allow d rot to keep pilling just because d man in charge is our guy der4 he shld be allowed 2do whatever pleases him at d detriment of an entire country. NIGERIA AND ITS POLITIC OF SYCOPHANCY. Aganga pls tell us d true state our economy and what u ve been dng as a financial minister snc  your policy inpact cant be felt frm any quater and u claim 2be very busy and if i may ask! BUSY DOING WHAT?

Busy not being able to answer important question like the ones you and Soludo are asking.

~Bluetooth:
Another campaign strategy by the talkative who always want to be in he news.must she always reply her critics ?

But campaigns are meant to be channeled through the media, otherwise you would not even be known. And besides, it is better than being in the news like Senator Folarin or Senator Ayo Arise.

Dis Guy:
well the basics comes first doesn't it? creating and developing an environment where bank chiefs rob investors blind is not an achievement, some will rather avoid that controversy than claim it as  new heights!! Why will you be supporting people that steal billions to buy properties and private jets without collateral only to deal with them later, wont you remove the theif before assisting the firm

some people sef

Is this all that you see? Ok, Do you really believe that under this Sanusi, that UBA would have expanded to Zambia and GTB in Ghana among other places? Can i then accuse Sanusi of 'turning a blind eye' to expansion and thereby 'sabotaging' Nigeria's economic gains by denying us of some foreign investments and 'frustrating' international business visibility?

I'm afraid that ACN may be right on this. I understand that data collation is not happening in real-time, so it is impossible to make on-the-site multiple registration detection. But INEC claims that there will be data collation in LGA, State and National levels. Database or no database, my guess is that you need a high capacity server that can call and match multiple fingerprint data against each other at short intervals and you can imagine what it is like if you are dealing with 60million(INEC estimate) fingerprint data.

You may also appreciate that INEC did not include cost of Central servers in their RFP. They only demanded for DDC and accessories. My guess is that INEC may not understand this issue until they get there. If INEC actually plan to detect multiple registration at different levels , then i expect that there will be Central Servers in each of these locations, but there is none as we are talking. I don't know these DDC machines to have the capacity that INEC is claiming. Either that INEC is deceived or they are deceiving us.

First off, i like this Soludo guy. I love his guts, class and finesse. I even love more his capacity to dare uncharted tracks.

But for Aganga or whatever his name is to engage Soludo in a war of words only to chicken out midway is childish to say the least. He used government media to call Soludo a crook who ought to be in jail, aired on national TV from the plains of Funtua to the swamps of Nembe. And now, he just discovered that he does not have time for a debate. Even more worrisome is the fact that Soludo was raising issues, stuffed with facts. Aganga's reply to the issue ought to have been an acknowledgment of the problem (because they really exist) and restating what government is doing to fix it and not to engage Soludo in names calling. As Soludo said, he lacks the capacity of understanding the problem how much more tackling them.

I must say that some of us gave Aganga a chance on hearing that he is coming from Goldman Sachs but he has proven that he has no new ideas. You will believe with me that conventional ideas can never solve Nigeria's problem. We need new ideas, not just a guy that comes to office in the morning to do routine stuff. Aganga should wake up and do his job. He can never win Soludo in a public or private debate and he knows that. Soludo is a tested war lord when it comes to economics, both in the academia and the battlefield. And since we are talking figure here, Soludo is a Professor of Econometrics, so he is more likely to interpret the figures better than Aganga will ever do. It serves him better not to ignite fires that will eat him up next time.

I can't stay in the comfort of my room and call Mubarak a despot. It is for his people to do so. Secondly, we have had despots swept off by a strong wave of opposition. Staying in power for however long doesn't necessarily make one a despot. It depends on the political and economic developments in those countries. Otherwise, the men that laid the foundation of today's Malaysia, China, India, Brazil, Singapore, even Ghana are all despots. It depends on your definition of despot. You may call Ahmadinejjad a despot but don't be surprised how much the MAJORITY his people may love him and how much he is needed as THE LEADER at this point in their national development. Unless you are suggesting that only American version of democracy is sustainable. As arguable as it may be, we all know that Yar'adua's presidency is actually a minus that brought more sorrow than an Obasanjo's extra 4 years could have brought.