₦airaland Forum

please house, i'll like to know how far a budget of 4 million naira can go in building a two bedroom twin or double flat side by side. thanks for your contributions.

The curious case of Africa's largest economy wobbling for almost three years now with no end in sight is quite pathetic. From policy sumersault, to inconsistent and incoherent policies which this present administration is still grippling with, means there is no end in sight for the economy's epileptic movement.
The presidency has not been able to come up with a policy direction with goals and targets it aims to achieve within the life time of this administration. Atleast Yaradua had the seven point agenda, Jonathan had the revised seven point agenda which formed the frame work of tailoring their administration policies, and this enabled the citizenry to follow through and judge the administration performances based on it's stated goals and objectives. And the truth is, there was still visible sign of progress. But this administration has been confused right from day up on till now. It has not seem to found it's bearing. There is no goal or target set, No policy framework, it's been noise at the helm of affairs, with different persons trying by permutation and extrapolation to determine the bearing of this administration, making it look as though they were studying astronomy. The ministry of finance and the CBN is the worst culprit, never in the history of this nation has this two ministry underperformed the way it has like under this current administration. There is no synergy or synchrony between the both arms, as their policies are always arbitrary to each other. The CBN continous hiking of interest rates in an economy that requires more entrepreneur to go into business in other to revive the economy is quite preposterous and discombobulating, perhaps Emefiele knows better.

what tinubu was expecting of buhari, not knowing that buhar has no capacity for such.

kaystick86:
I will still maintain my stand, Atiku is the only Hausa politician that can dethrone baba.

He is has the support and the finance to fight his way through

God bless you sir, that's what i also think. Infact atiku is the second most popular candidate in the north after buhari. the battle will be in the south because the vote will be split in the north. the south will crown the next president.

after buhari atiku is the most influential politician in the north. infact the only politician that can unseat buhari is atiku as we speak.

PapaBrowne:
The greatest heist in Nigeria's history s currently taking place under this administration.
Many people don't understand economics so they can't appreciate the massive loot that is taking place.

Let me simplify whaat this article has said with a simple narrative.

Basically, the FG printing money from the CBN just like in the days of Abacha. But its criminal to do that, so they found a way around it.
The TSA account does belong to the FG. It belongs to all parastatals and institutions under the FG's purview. It's just simply a central account for the purposes of transperency and control.

What's happening is that FG is now using the TSA account as collateral to get the CBN to print money for it. To understand this, imagine for a moment that the TSA is like an OSUSU account where a group of people come together to save their money. The person that is saddled with the responsibility of managing the funds, chooses to use the money as collateral to obtain a loan for himself. This is absolutely criminal.

There many questions that prove the heist that is ongoing.

1)Subsidy savings: Where is all the money that has been saved from the scrapping of subsidy. I'm talking trillions here. No account of whats happening with all that savings. The previous government implemented Sure-P and gave regular updates of the savings they reieved from the price increase. In my estimations, over the last 2 years, there have been over 2 Trillion Naira in subsidy savings. Where is all that mone??

Massive increase in debts both local and foreign: Have you seen the spike in Nigeria's debt profile in the last 2 years?? We have borrowed over 8 Trillion Naira in the last 2 years. Jonathan left 12 Trillion in debts. It is now over 20 Trillion. What did they do with 8 Trillion. If we spend just 1 trillion naira on infrastructure, we would have smooth roads across the country. Lekki Epe expressway was ridiculously expensive at 1 Billion Naira per km. If we use that as a benchmark, I trillion Naira would build 1000km of superb expressway. That is the distance between Lagos to Kaduna of six lane expressway. And I'm talking of just 1 Trillion. Not 8 Trillion. Its just sad!!

The list is endless!! It is trhe greatest heist the nation has ever seen. But we would just look the other way since we are all too dull to comprehend.

God bless u sir for this apt analysis. This govt is just enslaving our future generation

i guess is not for post graduate students

No wonder DSTV came up with a pay as you go idea just three or four days ago which haven’t been implimented anyway. They are seriously in trouble because
indigenous company is about the blow their business away. TSTV is the latest in town guys and they are set to launch on 1st October, 2017 which is Nigeria Independence Day..lol, Coincidence? Not at all.

Unlike DSTV that is a purely satellite TV provider, TSTV is HBB technology that combines both satellite and internet service for TV services. Also TSTV services will be mainly on Pay As You Go basis, thereby offering subscribers loads of their favourite TV channels at cheapest rate, and which by the time it launches, it will be creating serious competition between them and DSTV.

They have lots of entertaining and amazing channels and also News channels plus they are gona be showing top soccer leagues like EPL, La liga and Champions league. Hmmm, their sports channels is da bomb guys and I can’t wait to get my hands on one their HD decoders. In addition, it even supports iptv.

It is worthy to note that the subscription charges are truly at giveaway price when compared with DSTV, for the TSTV decoder set will be going for N5000, while maximum subscription is N3000 monthly, with N1500, N1000, N500 and even N200 offers available.

Checkout the full channel list below…

TSTV SPORTS CHANNELS
Star Sports
Fox Sports
Euro Sports News
Euro Sports 2
Kwese Sports 1
Kwese Free
Kwese ESPN
bein Sports MAX 4HD
bein Sports 3HD
bein Sports Global
bein Sports MAX (bein Sports 1-10)
TS Sports 4 HD
TS Sports 2
TS Sports 3
Yolo Sports HD

TSTV MUSIC CHANNELS
Trace Urban/Africa
HITS TV
MTV Base
TLC (HD)

TSTV NEWS CHANNEL
BBC America
CNBC
Aljazeera
BBC Radio 2
TVC News
Sky News
Arewa24
AIT
Core TV News
France 24 (English)
CCTV News
Channels TV
Bloomberg Television
DW
Fox News
TRT World
Press TV
NTA
Arise News
TV360 Nigeria

TSTV KIDDIES CHANNELS
Nickelodeon
CN Carton Network
Disney Channel
Boing
JimJam
Baby TV
TS Junior Kids HD
Fix Fox
Panda Biggs

TSTV MOVIE CHANNELS
Star Movies
MBC Action
MBC 2
Star Movies
African Movie Channel Series (African Magic)
Liberty TV
MBC
Wazobia TV
WAP TV
Viasat Life
Fine Living
FOX
FOX Life
Investigation Discovery
MBC 4
MBox HD
PCTV
Star Gold HD
Nollywood TV
Z Cinema
E Entertainment
BEN Bridging The Gap
BET
TS Novella
TS Movies HD
TS Series

TSTV SCIENCE CHANNELS
Discovery Channel
Nat Geo Gold
AD
National Geographic
Discovery Health TV

TSTV FASHION CHANNELS
Fasion One
AHTV

TSTV RELIGION CHANNELS
Dove Television
Emmanuel TV
Sunna TV
Mountain Of Fire And Miracles Ministries
EWTN – Global Catholic
TBN Network

TSTV AFRICA CHANNELS
Riwa Ndu TV
TS Hausa
TS Igbo
TS Yoruba
TS Sports 1 HD
http://allnews.uodoo.com/en-ng/detail/630424409994957?uc_param_str=dnfrpfbivesscpgimibtbmntnijblauputoggdnw&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'1730772026382749696'1

congrats to the beneficiaries

it depends on what the op really wants. As for me the reason why i'm studying for my masters currently is because i intend to acquire my PhD and go into lecturing. If he has no interest in entering academic field, then there is no need for it. But if he is keen on lecturing especially back home, then by all means go for it. So it depends on what you want.

This article by reuben abati is so on point. Now i understand why akwa ibom is still the way it is despite the huge FG allocation it collects.

I don't know but the idea or possibility of Dangote vying for the office of the president seems appealing to me. He may not be perfect, but u can't just wish away his personal achievement. I think he stands a chance if he decides to give it a go, after all he has always had role in other president emerging. I think he some how fits the bill.
1) He is still relatively young since he is in his fifty's
2)He made his wealth from scratch
3)He believes massively in nigeria, hence 80% of his investment is in nigeria
4)He knows how to create job since he is foremost an entrepreneur unlike most of our politician
5)He will run Nigeria as a business thereby turning Nigeria into a huge business empire with his vision as he has done with his business empire.
6)He will be committed to tackling the infrastructural deficit in Nigeria especially the ones constituting business bottlenecks in the country since he already knows the terrain
7) He understands all the intricacies that makes an economy tick
He is not a tribal bigot and religious extremist like the present crop of politician in the north
9)He will woo other billionaires to invest in our economy
10) He is humble and will flagrantly waste our money like other useless politician who don't know the pains of hustling for money
11) He will make a good leader, as evident in the management of his business
He is not perfect but he is a million times better than all the politician in the north seductively eyeing the office of the president of Nigeria (PON)
So Dangote has my support if he is willing to vye for that seat, i mean there is no harm in giving him a trial, if we could give it to buhari then i say we go with dangote, i mean who can perform worst than buhari has currently perform?

obonujoker:
God's punishment on Nigeria will be worse than Sodom and Gomorrah....

pls not on Nigeria, but on those who have raped the destiny of this nation. Because if you generalize u are including yourself and family as well. Me i can not pay the price of evil that somebody else committed when i have not in any way benefited from it. so pls restrict to those who looting has brought this nation here.

dangote/peter obi for 2019

the IGP should forget all this long talk, what this country needs is state police.

babyfaceafrica:
who government epp

you too d follow suffer am.

unohbethel:
@op ur just displayin childish ignorance...

before u count 2, u must count one....so how come ur discussing about 2019 wen we av elections just next 2months??

first see what will happen wen the anambra elections are boycotted then u can talk about 2019...

wo knows, if we successfully boycott this present election, before 2019 elections, we will have awa wonderful biafran nation??

so u shud just keep ur analysis to urself till then..

thanks

Don't complain when a more vicious government than this one is voted into power, and don't cry fowl when your region is marginalized despite the fact that it is contributing resource wise to the nation.

babyfaceafrica:
Who cares?

I hope you are enjoying the present government

unohbethel:
@op ur just displayin childish ignorance...

before u count 2, u must count one....so how come ur discussing about 2019 wen we av elections just next 2months??

first see what will happen wen the anambra elections are boycotted then u can talk about 2019...

wo knows, if we successfully boycott this present election, before 2019 elections, we will have awa wonderful biafran nation??

so u shud just keep ur analysis to urself till then..

thanks

you are being extremely sentimental. you should know govenorship elections is really different from presidential elections. South East are crying of marginalization under this present regime, isn't it a good time to address that in 2019 while you are still part of Nigeria, before u achieve biafra? You must be seriously deluded if you think you can achieve biafra before 2019 especially with the way Kanu is approaching the whole issue.

stanluiz:
Guy I blamed gej for buhari president. Jonathan was very weak and coward he supposed to arrest buhari after that his statement that lead to pro election violence that wasted innocent lives and property. He supposed to arrest him and charge him for treason and jail him or send him into exile.

Gej allowed the nonsense to fester as a president your duty is to protect the lives of your citizen, anybody found to aid or abett violence which leads to death under any guise should be apprehended and prosecuted. GEJ made the death of the innocent souls to be in vain. He is also partly responsible for the death of those innocent souls for refusing to do something as the commander in chief.

While i admire and applaud Nnamdi Kanu's bold, ferocious and courageous pontificating for what he believe is best for the people of his tribe and region, especially when the Nigerian nation has chosen to totally jettison equity and fairness in the governance of this country. I must also say that we should not allow our anger at the unjust structure upon which this country is built further subject us into even more sufferrings as we are experiencing today. While i may not really endorse some of Kanu's actions, however i'm glad that somebody for once is giving our political hawks and vultures who believe this country is their personal property a nightmare as they have started reconsidering things they would have never even thought of touching with a long pole.
Now the subject of 2019 is quite significant as we can not afford to have or elect another bad government, as we are still suffering from the ineptitude of this government. If South East choose to boycott 2019 election and not come out en mass to vote a candidate they believe in, we will be shooting ourselves in the foot again as we may end up with a government worst than this present government, and all of us will suffer it. While the drive for the actualization of Biafra is still ongoing, we shouldn't make the mistake of boycotting 2019 presidential elections, because as long as we are still part of this nation every bad government will still affect us in the same way. And lets be realistic here, the actualization of Biafra nation might take longer than expected, based on the history of nations that broke away from others. Kanu should understand that this struggle for Biafra nation might take even beyond his life time for it's actualization therefore he should realize that it's a life time struggle hence he shouldn't put the entire region in a disadvantagious position. Nelson Mandela, Mahatma Gandhi, kwameh Nkrumah etc. While fighting for independence never put his people in a disadvantagious position. Even Moses in the bible while fighting for the independence of the isaraelites never stopped the israelites from carrying out their duties or responsiblities of working for the nation of egypt, because it would have endanger the lives of the people he was intending to save from slavery.
Also, Kanu needs to learn how to build bridges and alliances both locally and internationally if he really wants to actualize the Biafra dream and not burn them, as from all indications it seems he is trying to pursue and fight this cause alone. The road to self determination in this present era, requires meticulous planning and massive funding to really make noise at the global level in other for world powers to notice.
If Nnamdi Kanu wants to achieve the Biafra dream through a referendum faster, he should approach the issue more from the point of a technocrat rather than that of a messiah, if he can't be one he can recruit one just like Aaron was the mouth piece technocrat of Moses team or delegation when they met phaoroah.
#I Support Freedom
#I Stand with South East
#I Belong To Team South South
#Proudly Crossriverian.

elnino3:
As an akwa ibomite and one who goes to that stadium frequently. I must commend the past government for building it. It has put us in the map.

Now that aside, let's be realistic, akwa ibom is a civil service state so the question is did we really need a world class stadium that will drain us before it will even put anything in our pockets.

Now the price: 250 is too much, even with other sporting facilities, no matter the materials, inflation etc that is used. Also the stadium is done as in Julius Berger don pack their machine and go so aside from the tartan tracks, the pitch and the single long jump patch. It has finished. So clearly we have been robbed blindly, but we don't want to see because we are busy showing off the fact that we are now on the map.

Still on the price.. wouldn't it have benefited us as a state more to just use a quarter of the money to create at least 10 - 12 quality industries that would have employed roughly about half of us walking on the streets with our rain-beaten cv's.

So the question is world class or not did we need a stadium. Hell no... (Though I'll gladly go and watch my beloved akwa united)

Secondly, how many sporting events are held there monthly to even give us hope that we'd recoup one tenth of it's over inflated cost.

Also... The stadium is already having maintenance issues...in other words it's deteriorating... If u go there at least twice a month you'll see. So when is it going to bring the money... After it has crumbled?

And for those glorifying corruption... SMH.

What we have in Uyo is a very nice unwanted project.


Oh before I signed off. We have good roads in Uyo kind of. But how many of us will buy cars to enjoy it when we don't even have the jobs. Talking of misplaced priorities.

Uyo is the only place with flyovers at where there is no traffic jam and we suffer at the rest of the places that actually needed it.

Uyo nnyin.

you r so on point. 250 million dollars (over 50 billion naira at 200 naira exchange rate as of 3 years ago) is capable of propelling a state into industralization. even if the state had built a refinery for its crude oil its produces. it will have massively generated revenue for the state govt, since they have petroleum.

its baffling the extend people will go just to show off. funny enough it is those who have nothing that are eager to show off with the little they have.

ok, when will the graduate ones commence

I have followed with keen interest the controversy over the announcement of cut-off marks for Nigeria’s admission processes for the 2017/2018 session, with many commentators and the general public insisting that it is unwise, insensitive and retrogressive, to reduce the cut off mark for admissions into our tertiary institutions: 120 for universities, 100 for polytechnics and monotechnics, and a tentative 110 for Innovative Enterprise Institutions (IEIs). Whereas the complaint has been that there is a dumbing down and lowering of standards, which is, of course, an obvious reaction, I argue that there is the need for a better understanding of the context in which the decision was taken in the hope that this would shed some light on this controversial matter.
I recall that at the meeting when we were about to go into the policy making session, the Minister of Education had to excuse himself on the ground that he had other commitments; all JAMB officials were also asked to leave the hall. The JAMB Registrar explained that he wanted the heads of tertiary institutions to be the ones to take the decisions, not JAMB, not the Minister, and he didn’t want either the Minister or his own staff in attendance so nobody would turn around to accuse JAMB or the Ministry of Education of imposing decisions on the tertiary institutions.
There were other stakeholders in attendance, the heads of the National University Commission (NUC), TETFUND, the National Board for Technical Education (NBTE), National Commission for Colleges of Education (NCCE), NECO, NYSC and the West African Examinations Council (WAEC) – all as observers. The heads of IEIs stayed away from this particular meeting because they had earlier informed JAMB that the heads of other tertiary institutions are in the habit of out-voting and outnumbering them at policy meetings and they would rather have their own separate meeting to serve their own interests. I concluded, there and then, that students’ admission into tertiary institutions in Nigeria has become big business and politics, with stiff competition between public and private institutions.
This clarification is necessary because as I see it, some of the participants in that meeting have since gone on a holier-than-thou expedition to distance themselves from it. At the meeting, the JAMB Registrar repeatedly pointed out that the University of Ibadan had made it clear that its cut-off mark would never go below 200. There are other universities like that, including the University of Nigeria, Nsukka, and the University of Ilorin. I am surprised however that there has been so much uncomfortable hypocrisy from some universities that attended the meeting. The Vice Chancellor and the Registrar of the Afe Babalola University, Ado-Ekiti were both in attendance and the former spoke enthusiastically in support of the decisions. Yes, the ABUAD VC was there, but curiously, his employer, the proprietor and founder of the Afe Babalola University was the first person to denounce the decisions. We should take special notice, however, of the intervention of the Vice Chancellor of the Tai Solarin University of Education, Professor Oluyemisi Obilade, and Professor Femi Mimiko. Out of over 1, 600 participants at a policy meeting, only two persons are standing up to report the truth?
The objectives of that policy meeting were inter alia, to brief the Degree, National Certificate in Education and National Diploma-awarding institutions on the plans and modalities for the conduct of the 2017/2018 admissions exercise, introduce the Central Admissions Processing System (CAPS), seek the cooperation and understanding of stakeholders, discuss and agree on submissions of estimated intakes and compliance with the current prescribed quota from the NUC, NCCE, and NBTE, adherence to institutional/programmes cut off marks, compliance with entry requirements, procedure for selection of candidates who may not be admitted at their first choice institutions, adherence to admissions schedule as approved at the Policy meeting and implementation of the science-arts ratio. These issues were tabled, discussed, voted upon and decisions were taken. The states and private tertiary institutions were exempted from the last criteria, to be determined by their proprietors.
It is important to understand the three main backgrounds to this policy meeting. At a similar policy meeting held on June 2, 2016, the various stakeholders at this same 2017 meeting, had adopted 180 as the minimum cut-off mark for admissions to all tertiary institutions in Nigeria. The regulator’s subsequent discovery is that most of the tertiary institutions did not respect this decision. They admitted students who scored below 180 and never reported same to JAMB; they introduced all kinds of back-door schemes and programmes under which admissions were offered.
In effect, the admissions process into Nigerian tertiary institutions was compromised; standards were violated. JAMB, therefore, decided that every institution must declare the lowest cut off point for its programmes and that every admission must be properly reported and documented, and brought to the notice of the regulator in order to enforce standards and have accurate statistics for educational planning. I got the impression for example, that some higher institutions must have been admitting all kinds of persons who did not have basic qualifications and never passed through the central admissions body. It is curious, isn’t it, that the same schools that voted for 180 in 2016, are now asking for 120, 110 and 100?
Secondly, the evidence was provided to the effect that many tertiary institutions do not respect the admission quota in line with the Federal Character prescribed by the Constitution. Most universities simply admit students from their catchment areas and ignore students from other parts of the country. Bayero University, to cite a notable example, admits over 50% of its students from Kano state, and yet it is a Federal University. Even when students from other parts of the country who apply to such universities have high, qualifying scores, they are ignored.
Thus, every year, many qualified students from different parts of the country are left stranded. They miss the opportunity to go to university not because they are not qualified, but because they have been shut out by the politicization of education in Nigeria. To correct this mischief, JAMB has now created a second tier admissions platform called the Central Admissions Processing System (CAPS). It is an admissions-market where students who have been rejected by their first choices can seek alternatives, where JAMB can help rejected candidates seek other offers, and every institution can go in search of qualified candidates who may have been rejected elsewhere. This is to help increase the admissions ratio in the country, reduce the politicization of admissions, check the exodus of Nigerian students to foreign universities, create more opportunities and ensure greater equity. The only ouster clause in this arrangement is that at the end of the day, the candidate is free to reject any offer that he or she does not find acceptable, and that has no limit whatsoever.
JAMB in its explanation further recognized that ordinarily, a school certificate result should be enough requirement for admission to tertiary institutions as is the case in many countries of the world. In order to raise standards, Nigeria has a system whereby secondary school graduates still have to sit for UTME conducted by JAMB and Post-UTME, further testing conducted by the tertiary institutions, and confront other unwritten hurdles. The higher education seeker in Nigeria is thus taken through greater rigour than similar applicants elsewhere. In 2016, the Policy Meeting on Admissions had banned further conduct of the Post-UTME to reduce the burden faced by Nigerian students. At the 2017 meeting, however, the Minister of Education, Mallam Adamu Adamu lifted the ban, noting that the tertiary institutions deserve the independence they have always asked for over their admissions process.
Indeed, this was the main point of the August 22 meeting. Tertiary institutions in Nigeria are the ones to determine their own admissions process. Cut off marks are to be fixed by the Senate of each institution, not JAMB. What JAMB has created through the CAPS is an open market that empowers admission-seekers, promotes healthy competition and provides an avenue for students to raise queries when they feel they may have been short-changed. The insistence on reporting is to aid transparency and data collection, we were told.
If this works, in no time, every tertiary institution will establish its own brand equity. As is the case elsewhere, the labour market in Nigeria will soon begin to differentiate between the students who graduated from a school that admits with 100 over 400 marks and another school whose cut off mark is as high as 250, in the same manner in which there is a marked difference in the UK between a graduate of Metropolitan University and a graduate of the Universities of Oxford and Cambridge. This differentiation in quality and standards is perhaps long-needed in the Nigerian education market.
That is as far as the meeting went, and the report of what I saw and heard. My real concern and a probable justification for the outcry over the reduction of cut–off marks below the average score is, however, traceable to the fact that Nigeria’s education system is now terribly commercialized and unequal. The law of supply and demand is probably at the root of the politics of cut-off marks. We have more than 524 institutions looking not for students but customers! Ordinarily, most students want to attend elite schools and the Federal institutions, which charge subsidized fees. For instance, Federal Universities charge as low as N35, 000, the state universities about N150, 000-N200, 000, and the private universities as much as N750, 000.
The competition for space in the schools with lower fees is much higher, often leaving the ones with expensive school fees with fewer applicants. While the more economically attractive schools can afford to have high cut off marks, it is not impossible that lower cut-off marks would attract more students to the less patronized schools! The implication is not far to see. Beyond the policy meeting of August 22, and all expressed good intentions, and regardless of the choice of the stakeholders, therefore, JAMB’s next and biggest challenge, in my view, is to ensure that market forces do not ultimately subvert quality and standards in the tertiary education sector. It is also up to parents to determine the kind of school that they want their children to attend, and for every institution to choose between mediocrity and excellence.
http://thenewsnigeria.com.ng/2017/08/jamb-and-the-politics-of-cut-off-marks/

chamberlain will be a good signing, much better than d midfield players we have sold or loaned. playing with fabregas, willian, pedeo, hazard, morata, kante and ofcourse david luiz will definitely improve your game. chelsea definitely need his speed and passing ability as well as dribbling, especially when we hit teams on counter attack.

cbngov01:
Mopping up so much money without a correlating increase in investments and infrastructure...The rate a which people are investing in Tbills this days is alarming as it simply means people are becoming lazy investors and the real sector of the economy will suffer. God help us...

exactly. no matter how much of the currency you mop up, as long as there is few goods in the economy as a result of money not channelled into deliberate production of goods to balance the money in circulation, it will always lead to inflation.

reading some people's comment here is just plain funny. why will go to the extend of taking a drug just to talk to the crowd. As long as u have a good command of the english language, u are well versed or grounded in what u r presenting. just be bold and courageous and present. Just imagine it as though u were talking one on one with a friend. Don't be afraid that u'll make mistakes while presenting, infact don-t try too hard to be perfect, try to be ur normal self as much as possible. An try to be energetic, it gives life to ur presentation.

by the time the account is audited, the 20 billion sanusi claim was missing under jonathan will be a joke compared to this one. Which kind useless country be dis one sef. the tin d pain me die.

samir101ng:
Let me try to explain to you a little about how the TSA works so that you can be enlightened a bit.

Let me use a hypothetical example and use UNILAG as a case study.

What TSA simply does now is that the accounts of the University (UNILAG) are domiciled at the CBN Lagos Branch. They have two ways to access their money. Online via REMITTA or manually via e-payment schedules submitted to CBN Lagos Branch for posting/payment. So, who is stopping UNILAG from accessing their money?! Once money has been appropriated for UNILAG and released by the Ministry of Finance, their accounts are credited at the CBN Lagos Branch. Now, UNILAG can have more than one account domiciled at the CBN Branch. They can have accounts for their Capital, Recurrent Expenditures, Grants, TETFUND etc. Nothing stops UNILAG from accessing their money. Their signatories and mandate are all captured and transactions verifies before posting. It is this component that the universities are trying to bypass. Transparency and Integrity. You can't post a transactions without all the signatories to the account signing off on it or approving it on the system using REMITTA. I repeat nobody is stopping the universities from accessing their money. The CBN and FG are the usual scapegoats they use to cover their perchance for corruption and illegality. But because the commercial banks where giving them returns on their deposits, which was pocketed by the management of the University they are always against the TSA. The favours and gifts that they where used to is no longer available and that is why they blame the TSA. Even their revenue accounts is on the TSA. Universities are not allowed to spend government revenue without authorisation. Now, when you pay school fees and other charges, the money is paid into a commercial bank and swept to the universities revenue account with the CBN that same day. It doesn't stay overnight. And the University cannot access that account and spend money from it without the authorisation of either the Minister of Finance or the ACGF. These and other checks and balances are why the Universities are against the TSA. The TSA is a system that is efficient and designed to check corruption and revenue leakages. Plus every transaction can be traced to the persons that initiated and approved the transactions for accountability. I hope this explanation helps.

God bless you sir, for this succint and elaborate explanation. The level of corruption at the tertiary institution especially at the management level is mind boggling. Immediately i saw their demand to be exempted for TSA i saw the foul play they want to carry out. The little so funds so far the govt has disbursed to them they have not achieved any thing with it, instead they looted it. They are not better than our kleptomanic polticians, atleast we know that most of our polticians are broad day light rogues, but our lecturers hide under the guise of education to steal. No wonder we keep producing evil politicians.

i no support ASUU for dis TSA own o. The level of corruption at the position of the vice chancellor is discombobulating. TSA will at least more stressful for them to loot and embezzle funds.

Ayade has brilliant ideas, but the problem at times he over promises and overexagerates. However i will still give him credit for the garment factory though becos it is a beutiful business model, considering the calabar carnival that gulps millions of dollars in costume which will now be produced in crossriver. The factory will contribute immensely to clothing deficit in the country, serve a market of 180 million nigerians who must wear cloths and possibly export to other african countries and the world at large.