₦airaland Forum

"The Obidient plane was grounded today by the powers that be "for regulatory reasons" only.

Please ignore any mischievous rumour. Our massive rally in Ibadan is going on as planned.

Diran Onifade
Head of Media
Obi-Datti Campaign."

Igbo:
Refurbish plane that may Crash

Donald Duke, the former governor of Cross River state, has claimed that his photograph was used in various documentaries to depict the childhood of Bola Ahmed Tinubu, the All Progressive Congress presidential candidate.

Duke made this startling revelation to editors during a roundtable that was organised by the Front Fort Media Initiative and the MacArthur Foundation and held recently in Lagos.

Recall that in a bid to clear the numerous controversies surrounding the background of Tinubu’s presidential candidacy, APC supporters and their media teams packaged various documentaries to launder the image of their presidential candidate.

The documentaries which were televised some months ago on the TVC, and also uploaded on various YouTube channels, used a slew of photos and videos to narrate the life history, political ascendancy, and

And in the video, a particular monochrome photograph of a young boy in dark sunglasses, seated and with his fingers joined together, was cited as Bola Tinubu during his years as a young boy.

However, Duke said that the photo of the boy shown as ‘young Tinubu’ in the documentaries, is him and not the Bola Tinubu as televised. He said that he took the picture when he was 12 years old.

“The picture of the boy used as Bola Tinubu in all the documentaries is me. I am the boy in the picture, not Tinubu as they claimed in their documentaries. That photo was taken when I was 12 years old during my school years at the Federal Government College Sokoto, in Sokoto state.” Duke said.

FreeStuffsNG:
PMB at work

diadem10:
Stop talking about your Papa while projecting his crime on Tinubu. First, Tinubu wasn't convicted of any crime. Sink that into your patheticc skull. Owning an investment company isn't a crime. Secondly, no governor can best Tinubu in achievement. Tinubu's legacies are unmatched. That's a fact!

Okoroawusa:
This one na OBIdients form this one. Which one is Arewa APC Media Influencers?

Abeg make una carry this una fake news go front.

BATified2023:
flat headed akpu munching gorilla from d landlocked region of d rising hate

I hail u ooo

BATified2023:
this is the first time many of them are voting so allow them display irrelevant

They believe insulting everyone n bullying people online wins election

Cosbyrich:
Obi is DOA.

Eniitankorede:
These spare part boys won’t go and sit down somewhere. Obi has no where to go. Obi ti luleee!!!

Cosbyrich:
DOA

slivertongue:
What specifical about car rally? We count PVC.

Mandate2023:
We have seen enough of d jumping from 1 interview to another of hoebi with his lies we actually don't give a Bleep......u know deep down inside u that once city boy gets on it is gonna be everywhere

ElSudani:
Most talked about for the wrong reasons. Like lying and threatening opponents. Mob action and bullying etc.

The IMF on Friday raised doubts on the reported volumes of fuel consumed in Nigeria, calling for a proper audit of the financials of the state-owned oil company – the Nigerian National Petroleum Company (NNPC) Limited.

In its latest 2022 Article 1V mission in Nigeria, the IMF raised concerns of a double whammy of very poor revenue mobilization amid huge subsidies and therefore warned that fiscal transparency remained critical for a sound fiscal policy for the Africa’s largest economy.

Apart from the IMF, there have been similar doubts around NNPC latest figures which show that Nigeria consumes as much as 66.8 million litres of petrol daily, with the attendant revenue – gulping monthly subsidies which have denied government remittances from oil sale in the past 9 months, at least.

In the statement, the IMF acknowledged efforts by the authorities to published the annual financial reports of the state-owned Nigerian National Petroleum Company (NNPC) since 2019, but worry that uncertainties remain regarding the nature of tax write offs and fuel consumption volumes.

“The mission recommended a closer look at the nature of NNPC’s financial commitments to the government and the costing details of the fuel subsidy, including through a financial audit.

“Stronger cash management and better coordination among key public institutions is needed to increase the realism of budgetary forecasts and reduce reliance on central bank overdrafts.”

The Fund is further worried that the NNPC financial opaqueness was coming at a time when Public finance has been under stress with elevated fiscal deficits.

The federal government fiscal deficit is projected to widen to 6.2 percent of GDP in 2022, mainly due to fuel subsidy costs, despite higher non-oil revenues relative to 2021.

And without bolder revenue mobilization efforts, the IMF projects that costly fuel subsidies and rising debt servicing costs will keep overall fiscal deficits above 6 percent of GDP in the medium term, raising public debt to as high as 43 percent of GDP by 2027.

According to data from the Debt Management Office, Nigeria’s debt to GDP hovers around 20.3%, and according to authorities, this is sustainable..

But according to the IMF, “While still deemed sustainable, such a level of debt is projected to take up nearly half of General Government () revenues in interest payments, making the fiscal position highly vulnerable to real interest rate shocks.

“It also leaves little fiscal room for vital social spending on education and health, where Nigeria fares poorly compared to peer countries in sub-Saharan Africa (SSA).”

In addition to scrutinizing NNPC financial operations, the IMF strongly believes that for Nigeria to tackle its current economic challenges, urgent revenue mobilization and fuel subsidy reforms are critical to create much needed fiscal space.

It therefore recommended a package of measures, which are estimated to create fiscal savings of close to 6 percentage points of GDP during 2023-27 while also making room for higher social spending.

As a near-term priority, it highlighted the urgent need to remove fuel subsidies fully and permanently, which, it said, disproportionately benefit the well-off, by mid-2023 as planned.

The government should also prioritize addressing oil thefts and governance issues in the oil sector to restore production to pre-pandemic levels.

There is also the need to step up implementation of tax administration reforms. Evenothough, it welcomed the steady implementation of the tax automation system (TaxPro Max), it said this is not enough, and therefore recommended stepping up efforts to further expand coverage under a well-designed roadmap and strengthen taxpayer segmentation centering on the Large Taxpayer Offices (LTOs).

The IMF further advised that in the medium-term, the authorities should develop a compliance improvement program and comprehensive customs modernization program, improve the effectiveness of the State Internal Revenue Service’s administration of the Pay-As-You-Earn (PAYE) system, and strengthen inter-agency coordination and data sharing.

In the report, the IMF also advised Nigerian authorities to consider adjusting tax rates to levels comparable to the average in Economic Community of West African States (ECOWAS) as compliance improves.

“This includes further increasing the VAT rate to 15 percent by 2027 in steps while streamlining numerous VAT exemptions based on systemic reviews, increasing excise rates on alcoholic and tobacco products while broadening the base, and rationalizing tax incentives by streamlining tax expenditures based on comprehensive periodic reviews.”

To mitigate food insecurity and cushion the impact of high inflation and fuel subsidy removal on the poor, it also recommended increasing social spending by up to 1.7 percentage points of GDP during 2023-27 in well-targeted programs in coordination with the World Bank and other development partners.

zionstaar75:
so at 6years old he was in secondary school?we should not even be arguing about this abeg,did he start primary 1 at 1 years old?even if he did he'll be 7years old in form 1 not 6years.if obi actually said he played football with odili then its a lie,an unnecessary one for that matter

Princess80:
No he wasnt.
Read it again carefully