IBBG's Posts
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asuustrike2009:we start with a lesser evil to gain momentum in order to tackle the bigger evil. small successes boost morale in order to take on big successes |
This is good. This payroll system has really check mate the level of corruption in the civil service. Thank God all ministries will be captured. Atleast we have started with the civil service, from there we can move towards politicians. |
ShyCypher:try again |
dankwambo on point. the only thing working against atiku currently is the age. we don't want another septuaginarian again in the orridors of power. Our experience with the present one is unsavoury. If not the the age thingy atiku will have been good. PDP should try and give the ticket to dankwambo and campaign vigorously for him. Nigeria is too stressfull for a septuaginarian to be president. |
it also baffles me that they are not been given attention, when what they are demanding for is their legitimate rights |
what has GEJ got to do again with this fulani herdsmen issue. You guys are just looking for any means to justify the incompetence of this administration. As you joke with the tragedy of these people just to justify the incompetence of your pay masters, may the blood of these innocent people haunt you and anybody trying to just these evil activities. May their blood cryout and fight against you for coming up with this nonsense post trying to taunt their predicament |
i now see why this government will lose 2019. the handwriting is already on wall. |
quite captivating and interesting as well as easy to relate if you are an introvert just like myself. I've overcome most of mine like relating to girls, but the only one left that i am still trying to overcome is stage fright or public speaking in large gatherings. I hope to be as fluent as obama when addressing the public, so help me God. |
nothing do our economy o. but this man has brought it to its knees. no amount of excuse will exonorate him |
and yet we have 40 billion in our external reserves |
FastShipping:his oratory is by far better than that of buhari |
leaving the main issue facing the country to focus on irrelevant issues |
Imoke was a silent worker. He really tried for cross river. My major porblem now is with the way ayade is running the state. the things imoke left for him has totally deteriorated. water board is not funtioning properly, refuse evacuation is not done properly, he canceled obudu mountain race and the obudu ranch facility is not properly maintained. The man is too much noise and little substance. |
op, u r on point. i was guilty of number one, always calling. But when i realized she was not really reciprocating my calls, i had to stop calling immediately. I call a girl i liked once and she picked my call and told me to call her back later. i said to myself "what the hell"? isn't she suppose to tell me she is indisposed now, that she will call me or atleast flash me when she is disposed. i was slighlty pissed and i didn't call back and i stopped calling altogether. There is no point wasting time on somebody who has not shown any sign of fancying being your friend. |
MaestroJhay:i can really relate with this one. i can't forget the last cane i chopped in secondary school. boys were just crying like babies ontop our swag and forming for girls. |
this man has totally finished buhari with a knock out punch. |
interesting. as for me and my household anything other than buhari o |
boldaslion:even with the subsidy scam there was still fuel |
watch as the abuse Dr Jonathan without facts to back their claims. My question, is what he said are they true or false? |
i prefer others except glo and airtel to buy it. i want serious competititon in the tlecom sector, we the consumers will benefit most from it. etisalat as it was massively change landscape of telecom, with sleekness and internet facility. i will prefer smile personally because they operating in ohter countries of africa or teleology holdings because the were former partners with MTN so their experience with MTN will come to play. However we need like 5 large telecom coys in nigeria, to make it the big 5 competiting for customers patronage. |
if the govt wants to truly see massive improvement and growth in the agricultural sector, it has to institute back agricultural policies that was obtainable in the colonial era. anything other than that may not yield the desired or expected result in the agricultural sector. |
inpsite of the hardship that is majorly caused by this administration ineptitude, how some persons still have the guts to still support this administration leaves me flabbergasted and discombobulated. Pls every lover of nigeria must remove this administration come 2019. |
What went wrong in the agriculture sector in Nigeria? In the year 2013 , Indonesia made $19b from exporting palm oil, this is more than the entire 2014 budgets of the South East, South South and Ondo (crude oil states) combined (South South N1,981trn, South East N619bn, Ondo N162bn) How is this even possible? In 1832, 75% of the global palm oil export came from Nigeria. Between 1961 and 1965 world oil palm production was 1.5 million tons, with Nigeria accounting for 43% of that production. Today, Nigeria, ranks behind Malaysia and Indonesia accounting for only 7% of world palm oil production. It’s important to add that Malaysia and Indonesia are also oil producing nations, yes they have crude oil. By 1960, Nigeria was the World’s largest exporter of shelled groundnuts, with a 40% global market share, today we have 0% market share. Groundnuts were special to Nigeria, between 1956 and 1967, Groundnuts was one of Nigeria’s most valuable export crop, and there were groundnut pyramids in Kano, now all gone. To be specific, groundnut exports fell from 502,000 tons in 1961 to 291,000 tons in 1970 to zero by 1980…. So why did the groundnut pyramid disappear from Nigeria? Sure there was Aflatoxin contamination that affected the groundnut exports. So why did the Northern region not just fumigate and fix the contamination? Why did it just allow exports cease? Why has agriculture collapsed? Well everyone says crude oil, but it’s not just crude oil, it’s the way we have structured our fiscal federalism. I explain . Below is the progression of fiscal allocation formula. 1953 Sir Louis Chick: The penultimate revenue allocation formula for Nigeria was done by Sir Louis Chick. His formula was presented and unanimously agreed at the 1953 constitutional conference in London. It was basic, it read “all mining taxes will be collected federally, distributed based on derivation, same for income taxes ”. To be clear, it was income tax, mining rent & royalty to be collected and shared 100% to states based on derivation. Federal government got 0%. The minerals at this time was Tin, Columbite and Coal. Export duties was 50% to state of origin of export, 50% to federal government…. 1958 Raisman; Commissioner Raisman amended Sir Chick formula. He slashed the 100% derivation to states to 50%…thus Mining rights was now 50% to state of origin by derivation. Of the other 50%…20% was given to the Federal Government and 30% was again pooled into the “Distributable Pool ” and shared by all four regions again, in this formula… North 40%, East 31%, West 24%, and Southern Cameroon 5%. Export duties was 100% to state of origin 1963 constitution ….this followed the 1958 Raisman allocation, in summary it remained, mining rights for oil producing regions 67.4%, Federal Government 20%, non-oil regions 12.6% Export duties maintained at 100% of state of origin 1970 Decree no 13, the Military steps in, the states lose fiscal autonomy, maintain derivation. The Distributable pool was gone, the Oil producing states lost 5% of their derivation percentage. The new formula was now…mining rights for oil producing states, 45%, Federal Government 55% 1975, Decree 6: the military further reduced derivation to 20%, thus mining rights to oil producing states….20%, Federal Government 80% 1977, Aboyade Commission . The Military created the Federation Account. Derivation abolished. Thus mineral rights to oil producing states 0%, Federal Government 100%. Export duties now 0% to state of origin Thus in 13 years, Nigeria went from state share of mineral rights at 67% to 0%, and took states share of export proceeds from 100% to 0% There remains NO incentive for State Government to encourage agriculture. States own the land, Where the land is commercially farmed, the companies pay incomes taxes to the FGN, when the cash crops are exported, export duty is paid to the FGN. The states were left with nothing. The States receive a share of these taxes via Consolidated Revenue Fund, but not according to derivation). It was during this period when the States lost the right of fiscal federalism that commercial agriculture crashed in Nigeria. When the Federal Government took the crude oil and non oil export proceeds revenues what did they do with it? The FGN shared it back to the States and Local Government according to a formula. States got on average 32%, Federal 47%, LGAs 15% (*note there are statutory transfers to Ecology, Agric development etc ) Export taxes remains 0% to States as derivation, Company income taxes remain 0% accrued to states as derivation…..This means states do not retain as revenue to their budgets the export duties on cash crops produced in their States. But that is not the whole story…. That 31% the FGN shares to states, is it shared equally? NO how is it shared? That’s called the horizontal revenue allocation formula. The key sharing heads are 1. Equality 45%, 2. Population 25% 3. Land mass 5% Lets pause here What this means is that just being a State in the Federation with a high population guarantees any State 65% of the allocation to States from the Federation purse …. The FGN took the mineral and non-oil export earning to an central account, retained 47% of that account, then returned 51% to the States and LGAs but determined it will be shared out based on“equality” and “population”… not derivation, ie where the income was generated. Thus all States now focused on their population figure, not agriculture. Any attempt by the National Population Commission to discuss population shifts is met with stiff resistance and with good reason too, population and “equality” not exports or derivation determine how states receive revenues from the 51% allocation. That is why a state can violate the constitution and conduct her own census…it’s that serious. Palm Oil for instance can be farmed in 24 states in Nigeria including Southern Kaduna specifically in Abia, Akwa Ibom, Cross River, Rivers, Bayelsa, Imo, Anambra, Ebonyi, Enugu, Delta, Edo, Ondo, Ogun, Osun, Oyo, Ekiti, Benue Kwara, Kogi, Nasarawa, Plateau, Taraba, Adamawa and Kaduna…….but why bother planting palm oil? It’s much easier to lobby the National Population Commission for a high population count. As States in Nigeria started to receive a greater percentage of their income from the federal government, they stopped farming. And you can’t blame them. If groundnuts export revenues still went to Kano State 100% via derivation, there would still be groundnut pyramids in Kano today, but Kano lost the export proceeds funds to FAAC, thus no incentive to plant groundnuts. Same for Abia State, as they lost the oil palm export proceeds to FAAC, they then put their eyes squarely on “Abuja ” Is there a suggestion that we unhook states from crude oil funded FAAC and push them to farming? By giving them 100% of their export proceeds from their agriculture cash crops? YES To fix agriculture we must fix the incentive process. If States retained even 13% derivation on income taxes and export duties on agricultural produce, they would see the incentive to attract companies to come to their States and push non oil exports. If we had left the derivation to states at 100%, then every state today would be viable. The problem with agriculture in Nigeria is not crude oil, but our faulty fiscal federalism (FAAC)…. So what should Nigeria do? We reward what you want to improve, if you want safer drivers you reward drivers with zero car scratches. Return back to the States the fiscal principle of derivation on agricultural exports. That will mean states can see a direct relationship between farming and IGR and this will spur investment in agriculture. Governors will seek out agriculture investors the same way and vigor they seek out Shoprite Malls. Derivation on agriculture is also fair. All states have land, all states can farm, agriculture is still a major contributor to our GDP growth, and it still employs millions of Nigerians in every state. A fiscal amendment to give states 100% export earning can have two massive impacts In the short term, it makes agriculture attractive in the long term it makes all states fiscally viable. So agree to increase derivation on agricultural exports from state of origin back to 100%. It’s our problem, we can fix it. http://www.businessdayonline.com/whats-problem-agriculture/ |
A very talented man who needs encouragement is in the limelight after constructing a mini Hydroelectric power plant that generates electricity. The 32-year-old man identified as Augustine Otuokwa Ogar, a graduate of Electronic and Computer Technology, reportedly constructed a 20 Mega Watts mini Hydroelectric power plant that generates electricity for the plant site and its surrounding Mgbaeshuo village of Wula Community, Eastern Boki, Boki LGA, Cross River State. He reportedly constructed the Hydroelectric Plant with locally selected handpicked materials and equipment. According to reports, He converts the kinetic energy of a flowing stream water into electric energy that is now used in homes and business areas of this village. Generated on a small scale with ‘run-off’ installation of a naturally flowing stream water to turn and revolve its turbine. The Water rushes past the turbine, hitting its blades and causing it to spin and rotate, converting the water’s kinetic energy into mechanical energy, the water then finally flows out of the stream and continues its journey down stream .”When the turbine spins so does the electromagnetic field convert this mechanical energy into electric energy”. “The flow rate of the stream water is low, because its not a dam or water fall, this is a small stream with low flowing water, Yet I was able to convert it to bring Pressure and fall like a Dam,” he said while showcasing his work. http://allnews.uodoo.com/en-ng/detail/337726870912441?uc_param_str=dnfrpfbivesvchmtsscpgimibtbmntniladsnwkt&app=browser_push&uc_biz_str=action%3Abase.openwindow%7Cparam%3AS.object=infoflow%3BS.token=1002%3BS.scene=1002%3Bl.channel=10069901%3Bend&entry1=push&entry2=auto&uc_msg=agoo'1769751449152655360'0
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either dankwambo or atiku is enough for me. |
oyatz:we import most these, but we've attain self sufficiency in cement, but that price of 2500 is too high |
Considering we have an abundance of limestone in nigeria, and over 5 cement companies producing in large commercial quantities where we are even exporting the excess. Considering, all the process in the cement value chain is virtually carried out locally without having to export the raw materials and import the finished goods like petroleum. Inspite of the abundance of cement in the country, a bag still goes for as high as 2,500. I'm still trying to figure out why the price is still this high, since we've attained self sufficiency in cement production. Despite the recession, i think the price of cement should be 2,000 per bag and not the present 2,500. |
PapaBrowne:cement went up in price as well, from 1,500 in 2015 to 2,500 now. |
when i saw the iranian protest, i kept saying that is a country whose citizens know her rights and the govt can't mess with them. i really envied them. Atimes i regret why i am from nigeria, a country that is sufferring in the midst of plenty. |
by the time he starts paying petrol susidy, we will know how much will be left. jonathan was paying for petrol susidy as well as defending the naira in other for things to be cheaper in the economy. in other words he was subsidizing things for us. But buhari has done the opposite so far. |
instead it should be sold to a new company entirely to engender competition. we need atleast 5 large telecom companies to compete in this country. |
Atiku over buhari any day any time. Live from cross river |
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