₦airaland Forum

neneslim: very sad that we have so many timid youths all over this country. I Fear for leaders of our generation cos i can bet we re going to be worse than all this vrrooks put together. We re here clapping for sen smart for praising a govt that refuse to work and create jobs. a govt that cant provide steady power, a govt thats killing our economy. ask urselves the supporters of this govt what is our current GDP. Fool.

Sibrah: Did anybody notice how most of the figures budgetted are round figures. If there is some form of evaluation before these budget were made i wonder why they are mostly round figures like N100m, N150m, N200m and N300m. The whole budget looks like a proposed sharing formular hurriedly cooked up.
If they had gone with cost of previous projects for there projections, i wonder how they would have ended up have so many round figures.

NDDC: Petition Against fraud, corruption and financial malpractices

ATTENTION MR. STEVE ORONSAYE:

The greatest legacy of the Olesugun Obasanjo to the people of the Niger Delta Region is the establishment of the Niger Delta Development Commission, NDDC. The Commission, in our candid opinion was created to assuage the fears of the people and address the critical developmental challenges of the region. The financial malpractices and corruption which led to the failure of past intervention agencies do not deserve any mention here.

However, we wish to point out that the Enabling Act, which established the NDDC has a vision “to offer a lasting solution to the socio-economic difficulties of the Niger Delta Region”. The mission of the NDDC is to “facilitate the rapid, and sustainable development and to establish a region that is economically prosperous socially stable ecologically regenerative and politically peaceful”.

[b]It is indeed unfortunate that NDDC which was established to give hope to the long suffering people of the Region is now engulfed in criminal fraud, unimaginable corruption and gross financial malpractices. Whereas most of the Directors and Executive Directors are fingered as accomplices, the Executive Director, Finance and Administration is believed to be the mastermind of the cascading fraud, all because Timi wants to build a financial empire for himself to use the stolen wealth to pay for the governorship of Bayelsa State, as if the position is given to the highest bidder.

The governorship of Bayelsa State is not for sale to the highest bidder. We know that leaders are appointed by God through the people and as such leaders are supposed to be God fearing. The days are well over when governance was taken by force by a group selfish, opportunistic cabal. In a democratic system of government power ultimately belongs to the people. This is what Mr. Alaibe must appreciate.

The preceding paragraphs are highlights of a bigger picture of outright embezzlement and gross financial malpractices perpetrated by Mr. Timi Alaibe in the Niger Delta Development Commission, where he claims to have excelled.[/b]

Billyonaire: Who is this OP, He doesnt have a name and decided to take someone's else's. I usually dont answer these kind of non grata.

kutchs: What else do you know other than throw insults and talk loud and trash always, perhaps thats what your cv is full of. Don‘t bother sending pls, I don‘t want to have a bad evening.
About stalking you, what do I get stalking a desperado like you? How can I possibly stalk someone I don‘t even know and have no desire to know outside nairaland? You don‘t know me cos am not as notoriously stupid and psychotic as you.
Deal with the issues I raised previously or get lost.

deletrue: Since you are such a dullard and remained inccorectable in the usage of English language. I too will continue to point to you in a very clear terms why you are not qualified to be member of NL going by its rules.
Now, i refer you to lines three through to five! Is it not very shameful of your status as you have consistently claimed. You have just perfect my first description about you on the command of English language and punctuation marks. Would you not be happy if i describe your CV as unmerited even though i have not seen it? you are just an empty shell.

ilugunboy: Did you actually believe what you wrote up there...? Damn!

Smart was practically begging him to help GEJ....you better read the article because you are obviously talking like someone who didn't bother to read the story...

Garri the 1st: Tinubu is very smart. Any sane person will condemn Sen. Smart Adeyemi for his brainless action. It shows how uncouth, and irresponsible these PDP folks could be at times. They were there for a wedding, not a Political debate.

If Tinubu. Had responded, it would only have worsened an already bad situation. His response shows why decent folks will prefer APC to the Agbero-ish PDP

This thread also makes it easy to spot out irrational folks with very low IQ.

gbanikiti: Smartass Adeyemi has been longing for a day to embarass Tinubu and he finally got it! The same way that person of a Governor embarrassed Buhari because of a wedding which is not even related to him . Just imagine how senseless PDP members can be!

Lesson learnt: Don't invite any PDP member to your wedding or party because it might turn to a political gathering.

dayokanu: So you would prefer Tinubu turning a wedding for their children into a political campaign?

You wonder why ppl still think most Nigerians have a low IQ?

“I want to assure you, Asiwaju, that there is a president in Nigeria, Goodluck Jonathan, who has fought more battles than any other Nigerian leader in the name of terrorism.
“In 2012, the budget for security was N900 billion; that money is enough to dualise all major roads in Nigeria. It is enough to equip our universities. If that money had entered some African countries, it would cripple the economy, but it was committed to security because of terrorism.

“Goodluck Jonathan can be likened to a pilot who took off and suddenly entered into turbulence. With patience and perseverance, he weathered the storm. Today, he has reached the cruising level and he is cruising towards 2015. I believe you should be with this president as a democrat and not with a dictator.”

jp philips: corruption if eradicated will build confidence in institutions that will trigger the growth of the SME's, in an economy where the bank executives can dish out loans to who ever they please with impunity, how would the money get to the SME's?
isn't that corruption?

banks prefer to lend to the govt because every Nigerian is a ghost, thanks to corruption. before you talk about a National database, did you follow the furore between Capital oil and Access bank?

those are the pertinent issues. there is so much corruption in the land, Nigeria has bank of industry, Nigeria has bank of Agriculture and so on, what do you think they are meant for? releasing ATM like some one joked above?

go and peruse their books, there are allocations, directly or indirectly through either the ministries over seeing them or boards. what happens to those money? now, if you argue there are no SME's which i will be S!lly not to agree with you anyways,
how many board chairmen are in prison? if we have more corrupt people in prison, we will worry less about unemployment and other social vices, if the judiciary is fighting corruption, there will be a lot of reparations to the poor from the rich that will narrow the gap.

I read in a Chinese law journal where a judge mandated a construction company to subsidize transportation for a particular district due to the poor quality of road they did. with such judgements people will be careful, the beneficiaries of the SME's will invest wisely because there is a punitive caveat attached to the fund, unlike our system, where we fund SME's to create over night individual billionaires.

In terms of incentives, if you give 100 people incentives, if 30 succeed, you have not failed because by the time you quantify the multiplier effect of the 30 that have succeeded, you will see that you have not failed. In Nigeria, people in public service see incentives as waste of money, they will always say; we wasted so- so amount of money; when elsewhere, they talk about baskets of incentives. Government does not treat the SMEs very well, everyone says they are the engine room for economic growth and yet we are not doing anything serious about developing them.

In the last conference I attended, which was on agricultural products and export in South Africa, you find out that micro finance is working in Tanzania and those countries but it is about the mentality. You see, when we started micro finance banks in Nigeria, they were set up by the big banks and they started behaving like those who set them up because these banks in Tanzania and the rest of them are there in the villages. Nigerian farmers are not getting anything funding unless it is intervention fund, it will never get to them. But if a micro finance bank, which deals with farmers in the villages on a daily basis, it will be much better in terms of accessing the necessary funds. But bankers do not understand their transactions; they believe they are so risky to do business with.

So the issue of funding is critical and so many businesses have died still birth because of the problem of funding. In this country, you have a bright idea, you cannot think of getting money to fund it, it is not possible. So the funding situation is very critical to the survival of the SMEs in Nigeria.

jp philips: because an OMO head like you will gladly skip the BRICS nations who made tremendous progress in the last three years,
Amidst the so called recession.

The Great Recession[1] (also referred to as the Lesser Depression,[2] the Long Recession,[3] or the global recession of 2009[4][5]) is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The initial phase of the ongoing crisis, which manifested as a liquidity crisis, can be dated from August 7, 2007, when BNP Paribas, citing a "complete evaporation of liquidity," terminated withdrawals from three hedge funds.[6] The bursting of the U.S. housing bubble, which peaked in 2006,[7] caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[8][9]
The global recession has affected the entire world economy, with greater detriment to some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak of the U.S. subprime mortgage crisis and financial crisis of 2007–08. The economic side effects of the European sovereign debt crisis,[10] austerity, high levels of household debt, trade imbalances, high unemployment and limited prospects for global growth in 2013 and 2014[11][12] continue to provide obstacles to full recovery from the Great Recession.[13][14][15]


Countries that avoided recession[edit]
Poland is the only member of the European Union to have avoided a decline in GDP, meaning that in 2009 Poland has created the most GDP growth in the EU. As of December 2009 the Polish economy had not entered recession nor even contracted, while its IMF 2010 GDP growth forecast of 1.9 per cent is expected to be upgraded.[111][112][113]
Analysts have identified several causes: Extremely low levels of bank lending and a relatively very small mortgage market; the relatively recent dismantling of EU trade barriers and the resulting surge in demand for Polish goods since 2004; the receipt of direct EU funding since 2004; lack of over-dependence on a single export sector; a tradition of government fiscal responsibility; a relatively large internal market; the free-floating Polish zloty; low labour costs attracting continued foreign direct investment; economic difficulties at the start of the decade which prompted austerity measures in advance of the world crisis.[citation needed]
While China, India, and Iran have experienced slowing growth, they have not entered recession.
South Korea narrowly avoided technical recession in the first quarter of 2009.[114] The International Energy Agency stated in mid September that South Korea could be the only large OECD country to avoid recession for the whole of 2009.[115] It was the only developed economy to expand in the first half of 2009.
Australia avoided a technical recession after experiencing only one quarter of negative growth in the fourth quarter of 2008, with GDP returning to positive in the first quarter of 2009.[116][117]
The financial crisis did not affect developing countries to a great extent. Experts see several reasons: Africa was not affected because it is not integrated in the world market. Latin America and Asia seemed better prepared, since they experienced crisis before. In Latin America for example banking laws and regulations are very stringent. Bruno Wenn of the German DEG even suggests that Western countries could learn from these countries when it comes to regulations of financial markets.[118]

jp philips: How can you implement any poverty alleviation programme at this present level of corruption? isn't that a fantasy?
haven't you heard that the flood victims from a region allocated 560m naira went home with two packs of sardine?

with our oga zoology swimming in corruption, i doubt if any policy can be fully implemented, its a chop chop govt.

‘SMEs part of Germany’s success secret’
on JUNE 17, 2013 · in FINANCE

By EBELE ORAKPO

…provides about 70% of jobs
Small and Medium Enterprises (SMEs) have been put forward as part of the secrets of Germany’s success. The German Ambassador to Nigeria, Her Excellency, Frau Dorothee Janetze-Wenzel, made this known while delivering a lecture at the recent international colloquium organised by the Faculty of Arts, University of Nigeria Nsukka.

She said although Germany is not endowed with remarkable natural resources, it is the largest economy in the European Union and the fourth largest in the world with a Gross Domestic Product of US$3,342 billion due mostly to education/research.

“German research institutions and private enterprises are investing billions of Euro into research (almost three billion euros).

As a result, Germany is the leading European country when it comes to patent registration. “Important sectors in the German economy are automobile construction, mechanical and electrical engineering, chemicals, environmental technology and nano technology.

“One of the secrets of the German success is the fact that alongside international companies, small and medium-sized enterprises (SMEs) are the backbone of the economy and provide roughly 70 per cent of the jobs,” she said.

Quoting German’s Federal Foreign Minister, Guido Westerwelle, the Ambassador said that Germany’s resources “do not lie underneath our feet but between our ears. The most important resources in times of globalisation are education and research.

“We have the chance and the responsibility to promote and to employ education and research well,” she said even as she noted that another thing Germany has going for her is the fact that the average German loves his/her job and so is able to put in his/her best.

‘SMEs part of Germany’s success secret’
on JUNE 17, 2013 · in FINANCE

By EBELE ORAKPO

…provides about 70% of jobs
Small and Medium Enterprises (SMEs) have been put forward as part of the secrets of Germany’s success. The German Ambassador to Nigeria, Her Excellency, Frau Dorothee Janetze-Wenzel, made this known while delivering a lecture at the recent international colloquium organised by the Faculty of Arts, University of Nigeria Nsukka.

She said although Germany is not endowed with remarkable natural resources, it is the largest economy in the European Union and the fourth largest in the world with a Gross Domestic Product of US$3,342 billion due mostly to education/research.

“German research institutions and private enterprises are investing billions of Euro into research (almost three billion euros).

As a result, Germany is the leading European country when it comes to patent registration. “Important sectors in the German economy are automobile construction, mechanical and electrical engineering, chemicals, environmental technology and nano technology.

“One of the secrets of the German success is the fact that alongside international companies, small and medium-sized enterprises (SMEs) are the backbone of the economy and provide roughly 70 per cent of the jobs,” she said.

Quoting German’s Federal Foreign Minister, Guido Westerwelle, the Ambassador said that Germany’s resources “do not lie underneath our feet but between our ears. The most important resources in times of globalisation are education and research.

“We have the chance and the responsibility to promote and to employ education and research well,” she said even as she noted that another thing Germany has going for her is the fact that the average German loves his/her job and so is able to put in his/her best.

jp philips: if the FG has sincerely created jobs, with its 50% stake, we would have an unemployment rate of 12% against the 24% recorded by world bank, the states and LGA, can take the blame from 12%.
it is an affront to common sense to wish the states to draw it down to 12% while the FG, (the biggest stake holder by right and custody) goes to sleep.
i dont expect you to figure it out though because of the volume of water in your skull.

kutchs: If you think anyone is moved by your usual ‘dogon turenchi‘ on nairaland, then you‘re mistaken. The most harmful and dangerous thing you have done and keep doing to urself is thinking you know more than others when really you‘re nothing but a low level scumbag.
You hate the truth and try always to fight it with long but meanigless outbursts. Just prove to me that govts do not have a media team, just prove to me u and other rascals are not Tinubu‘s praise singers, just prove to me that Jonathan‘s praise singers aint doing better than you.
Only then will I accept outbursts and rants are not born out of jealousy and frustration.

deletrue: Do you know that you are the begining and end of a foolish individual? What is elementary level 000001? Just go to your thread, from lines five to ten. Who is more suitable for your level 00001? Each time i come across your threads, you have not disappointed me in the area of upside down usage and complete mixing up of the English language. Some times, you join a phrase to a sentence. At other times, you do not mind your usage of full stops, commas etc. Again, who in case, is suitable to be placed at your level 00001?
Do you know that your forustation is as result of your past inglorius activities you were involved? Do you believe that nature can be over come with a sincere turn arround? While i pray for your total transformation, the bulk of your abnormal mental status is largely dependent on you. A well known societal deviant. ( this is just phase one )

Shakara123: Those who fear Buhari in power come 2015 are mostly the currupt or those who have currupt friends or relatives in power or those who indirectly benefit from the present system where curruption is the order of the day.

Others are those who fear for what that man will do to them when he gets to power knowing fully well how much evil they have inflicted on Nigerians, hence they will do everything possible to keep him off Aso Rock.

We need JACK BAUER in this country. President Charles Logan...hmmm

ewet: You are equally as demented as your supposed madam. Hw can you come out here and spew tis nonsense. In this day and age you still do not understand wht democracy is.In what way is GEJ Amaechi's boss.And wht powers does the 1st lady hav to impeach a gov.

You are a bloody brainless whelp who did not deserve to get an education at all!

Mogidi: Speaking another man's language is now an achievement. You should encourage your kid to master maths not languages. I'd have been impressed if your kid can speak Mandarin..just saying.

kutchs: Reading comments on this thread makes you wonder what the likes of Gbawe, Eko ile, Demdem, Dayokanu, Eko Atlantic, Cyberg and other ‘non professional‘ praise singers on nairaland are to Tinubu and other ACN rascals.

Every govt at all levels has a media team whose job is to sell the govt to the public, the problem ACN and other opposition party has is that Jonathan‘s ‘praise singers‘ is doing a better job than theirs.

mekano1980: Jealousy go kill una Goodluck till 2019

When completed in the next three years, the facility will
be the biggest in Africa

Besides, it intends to make Calabar the hub of its
manufacturing activities in sub-Saharan Africa.

Indigenes of the state will benefit from employment, especially if what GE seeks is
skilled labour.”

damoobaba: At ur age,you r still a silly fool.Amaechi is the Governor of his own state(elected by his people),Jonathan is not his boss.Can Jonathan control Fashola in Lagos?

k2039: [color=#1E90FF] We are left with just one option, send all of them parking in 2015, which I know you agree with, the only problem is just that some Nigerians are gullible and will still vote this deficient leaders.
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ilugunboy: Am sure that he enjoy listening to rumors too

deeptesting: Haahahahahaha what a country...Mr. Bode George na Comedian oh!

k2039: [color=#1E90FF] Permanent Secretary my foot. Does she even know the meaning of a secretary, it will be outrageous to have expected her to discharge her duties when in fact she doesn't even know what the office entails.
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