₦airaland Forum

raumdeuter:
Can you also argue that less than 3k will feed in Naija for 1 week and you can also feed for 500k in one day depending on the taste.

I believe there are poor people in Naija who makes way below the minimum wage and survive somehow

N3k, does that include protein or soaking Garri from Sunday to Saturday?

£10 in the UK will feed you your carbs and protein 7 days a week, plus some added vegetables and other things. The video shows it. I shop in that Aldi every week, I sabi the prices.

Amigoss:
Yeah,they were fooling economist after eating 20billion dolls....

Now show us what incorruptible and Mr integrity Buhari/APC were fooling after he left office in 2023

I can see GEJ really set Buhari/APC back cheesy

Stop yarning off point. NOI talking about asking Governors to save in 2014, 5 years after her principal has already shared the money with the Governors is attempt at whitewashing and finger pointing away from the responsibility of her principal. Like State Finance commissioner blaming LGA Chairmen for Governors failings.

Nothing stopped NOI from convincing her principal to save FG share so she won't have to borrow to pay Federal salaries, just 3 months after oil crash.

If NOI was borrowing to pay salaries just 3 months after oil crash, I wonder how she would have fulfilled CNNs estimates of Nigeria being in the top 3 fastest growing economy if her principal had won election

In Q1 of 2015 (Jan to March), Nigeria already recorded negative 3.4% of GDP growth on the prior quarter so the slowdown was already evident during Jonathan tenure. Jonathan was President till May 2015, so no need citing CNN prediction for 2015 that did not factor oil crash, and in which Jonathan served nearly half the year.

izzou:
[color=royalblue]Amaechi
Fashola
Akpabio
Oshiomole

Na the same people dey gaslight una.

Same ol', same ol' [/color]

It's the height of irresponsibility for FG to abdicate their responsibility or use state Governors as reason why they fail to perform their basic duty. That's like your State Governor blaming LGA Chairman. In Nigeria, State and local Government are a function of Warlords and Gangsters and I have never held them to any standard. Only a delinquent President will start blaming State Governors for abdicating his duties when in fact he was bribing them to support him, then giving us lamba.

There is a reason we expect Rochas, Yahaya Bello and Aregbesola to not pay salaries for 10 months, but let FG try that for just one month and all hell will break loose.

I don't buy lamba of blaming State Governors, below is my long held theory on Governance in Nigeria. State Governors have no responsibility for monetary policy, interest rates or anything that will affect the populace pocket directly. FG must keep tools to ensure they can continue to manage these things that will affect the average nigga.

Amaechi, Akpabio and co don't need to gaslight anyone. They know they have no accountability. It's just free money for them. The responsibility is on the President to resist like Yaradua and OBJ did. Even Amaechi and Akpabio will resist if they are in the Presidents shoes, but they saw a weak mugu that can give them free money, why not?

Only a delinquent President will abdicate the countries future to State Governors, and he still can't account for his 50% share even if we buy his lamba.

Ibime:
I have always maintained that Federal Government is the best performing level of Govt in Nigeria

If their performance were to mirror that of State Government and LGAs, the country would have collapsed already

Theflint1:
I swear. Nihilistjnr no go see this one show us. Abrodians are generally wicked sha

Abroadians wicked well well. Why you think say I dey always laugh when Russian IPOB dey say dem go starve UK with inflation. I fit chop one week with £10 for this UK, but I can also chop £500 in one day. Budget dey for every taste.

Amigoss:
Aside Amaechi,most of them are top men in this admin....

NOI talking about saving in 2014 when her principal has already shared the money with Governors in 2009-2010 so.they can support his 2011 ambition

Go and check the time period NOI was minister, she was not on ground when GEJ shared the money finish. She is just giving narrative to defend her time. GEJ done clear the account before she became Minister in August 2011.

She is talking of attempts to whitewash their record with small Sovereign Wealth fund of $1bln when $20bln has already been eaten. Who are they fooling?

Theflint1:

They bought all these with £100 (approximately #14,500).🤔
Minimum pay per hour in UK. pic.twitter.com/jPg1wJEadY

— Mubby😎 (@mubby249) December 1, 2023

"Cost of living crisis is global"

You done see am. Food cheap for UK

izzou:
[color=royalblue]You slander the man for sharing it as a bribe, then slander him again for trying to save ?[/color]

Who slandered him for trying to save? He wasn't trying to save anything, just putting out excuses that wasn't matched by action.

Do you try to save by sharing savings on your first day which all your predecessors resisted, and completely finishing the savings in the run up to 2011 election to secure your Presidency?

Then from 2012 after securing your Presidency, NOI start shouting that you want to save after setting a precedent, opening pandoras box and squandering the savings. NOI looked the other way in 2009-2010 when the savings was being shared, chalking it down as the cost of getting Goodluck elected, now wants to return to sanity. But wetin done dabaru done dabaru.

Only a child will believe such narrative.

In addition, you never answer, what stopped FG from saving their own share?

Well done to Obi for having the savings attitude BTW.

izzou:
[color=royalblue]If ECA was a bribe to Governors, how come GEJ was pleading for it to be saved, and the same Governors were agitating for it to be shared?

You cannot be holding on to two points and at the same time pass them off as truths.

1) Governors wanted the ECA shared because GEJ was squandering it.

At the same time

2) ECA was a bribe to Governors to support his second term.

You need to choose one side, so we can know what we are following.

[/color]

What is contradictory between the two?

The matter started with Yaradua in 2007, Yaradua refused to release the money and was fighting them in court

Goodluck now cave in to them immediately because he needs their political support (in other words a bribe)

Before 2011 election, the money is already virtually finished. The screenshot below was written in 2010 which all of us who were following the matter knew to be the case.

Now after opening up the ECA as a bribe, you want to start giving lamba that Governors should allow you to save after the horse has bolted. If you wanted to save, you should have shown that in your action and not bribing them with it on the first day to secure their political support.

Furthermore did Governors stop you from saving FG portion of the money even if you have to release State portion to them?

izzou:
[color=royalblue]Firstly you said it was Lamba sold by GEJ

Then you said it was a bribe to Governors for another term

Now, you're agreeing with it, and asking for a report on how FG spent theirs.

You're saying a lot, and taking many sides, my very respected elder brother.[/color]

Read my original post you quoted again and tell me how it differs from NOI account

You said NOI said Governors asked for the money to be shared. I said Governors asked for money to be shared because FG was spending it wastefully.

What's the difference between our two statements apart from context?

How come Governors were not pressuring OBJ to share the money? How come Yaradua has been fighting the Governors in court on this matter, and the minute Yaraduas corpse was wheeled out of ASO Rock, Goodluck shared the money with them the next day.

GEJ was a minority President who relies on Governors to win elections. The case was in court and FG could have easily influenced the decision. Every political observer knows the ECA sharing was a bribe to Governors to support Goodluck Government and win 2011 elections. Even NOI knows it, and just holding brief for FG, hence the complete turnaround in approach between Yaradua and Goodluck on the first day of Goodluck presidency.

And finally the ECA belongs to all tiers of Government. If State Governors collected their portion and loot it (which you know they would), why did FG also blow their own portion? You blame state for 50% of the money to paint yourself as coerced but can't account for your own 50%. That lamba is for children.

Ibime:
Everytime Governors come to meeting, ECA has been reducing instead of being added to in light of high oil price. So they asked for state share before GEJ finish it all. Remember that every dollar Nigeria earns is 50% FG, 50% state. So any savings is the same. So why will they all be saving money and GEJ is spending it like a drunkard?

izzou:
[color=royalblue]Lamba indeed.

Firstly, that was written by NOI, not GEJ. She was present there, and that was her record of the event. Make we believe you wey no dey there?

Secondly, your Lamba verdict would have made sense if it was an APC Governor clamouring for savings.

Obi was a PDP governor asking for it to be saved. How come him no want the bribe?[/color]

Did I dispute the record of event? I said Governors asked for their share because FG was spending the money wastefully. Savings that belongs to both FG and State Governments. So FGs recklessness is what prompted the states to ask for sharing before FG finish the money.

And even if the States wanted their own share, what happened to FG share? Why was it also blown?

nihilistjnr:
Congratulations to Ibime on attaining the "I used to respect you" medal.

One more promotion left to the rank of "Wicked Abroadian"

Itsrm:
From what I remember, it was the governors led by Amaechi who demanded that the money in the ECA be shared by the governors. I think they even took Jonathan to court and got judgment in their favour.

Nothing like that. How come they never did same to OBJ and Yaradua

Everytime Governors come to meeting, ECA has been reducing instead of being added to in light of high oil price. So they asked for state share before GEJ finish it all. Remember that every dollar Nigeria earns is 50% FG, 50% state. So any savings is the same. So why will they all be saving money and GEJ is spending it like a drunkard?

And even on top of that, FG cannot lose any court case it means to win, and the case was never settled. And should the States share their 50%, where is FG 50%?

This is a major lamba sold by GEJ. ECA was first shared on 1st Jan 2010 where GEJ called them to midnight meeting while normal Nigerians were celebrating New Year's to share ECA with them. It was his bribe to the Governors to support his candidacy as a minority President. He bought the 2011 election with ECA

WhoDeyHause:
The taxes, IGR and several loans must have been used for online giveaway then.

.

No, to pay rent

WhoDeyHause:
Elder ibime remember I told you told this a few days back when we were arguing.

There is no how you want to spin it. No amala turning can cover this flour. Falling oil prices or not General Muhammadu Buhari was a capital failure who couldn't think outside the box to see how he could increase our country's GDP in the face of hardship.
Were we not mostly an agricultural and trade based economy before the discovery of oil?
Did abacha not loot most of the proceeds of it at that time which is in turn still looted today as the ones that could be traced are entering the country?
Did he turn Nigeria to Dubai then with the oil?
Is it every nation hit by the oil prices crash of 2015 that's still struggling today cause I know you would soon bring Venezuela and Angola as damage control. I think Egypt was hit badly like capaldii said, can we see how they've grown today?
Don't we have the population and numbers to be a top 10 economy in the world if we can diversify along this oil that is even being bunkered regularly?
There is no excuse for Scamhari. No excuse.

I no dey discuss ill-formed ideas. It takes money to diversify. Ground work for diversification should be laid when money is plenty. You don't invest in new business when the money in your hand can't even cover rent.

GEJ no get anything to do with Boko Haram

That was just a stick opposition cooked up to beat him with, same way PDP cooked up herdsmen to beat Buhari. Herdsmen have been commiting massively since GEJ days, but a Fulani President is a good lightning rod to take out your frustrations on herdsmen

I don't judge Presidents on insecurity. Wetin done dabaru done dabaru, and it will only get worse as time goes on

I judged GEJ solely on his profligacy with our common wealth

BlueRayDick:
If u know this then why did u mention me and started chatting megefegede wey no concern me about bringing what Jonathan did or what he didn’t do ? 🤷🏼‍♂️

All I’ve done is bring another view on the PTF-Buahri ;make people read the opinion of people who were actually full grown adults during that time and still alive now to defend their opinion/views of the man .

You dey contribute to discussion. The discussion na why some olders wey see PTF works choose Buhari over Jonathan. You dey bring counterargument to PTF works and you think say you no dey involved for the discussion. Dey play.

izzou:
[color=royalblue]Is there a way you can leave the 80s and 90s and dissect the Buhari of 2015 to 2023?

Some people really got tired of Jonathan, and chose Buhari, not because of PTF, but because truly Jonathan was a failure.

We cannot be consoling ourselves of a Buhari of the past, when he just finished 8 years?

That should be the Buhari you should be citing his work.[/color]

I'm citing the work that made me support Buhari in 2011 and 2015 based on Donjazzet allegations. My view on Buhari Presidential tenure is well known, just search my moniker with Buhari.

BlueRayDick:
Is my name Ray Ekpu wrote the article? where u see "una" ?

U better go drink ice water make u cool ur engine down. Person wey ask u why u choose Buhari dey up there , go face am.

Nothing concern me whether u be card carrying member of APC UK; na ur right to associate with any political party u so desire.

Pesin ask me why I chose Buhari over Jonathan, I cited his work with PTF, na you carry busybody go bring article to disparage PTF work, come cosign am say

BlueRayDick:
PS: The author of the article is a 75 year old Journalist who lived through the PTF era

If you want chook mouth, chook mouth like man, no dey behave like woman.

Bring wetin Jonathan do pass that one wey Buhari do with common PTF wey go make me vote am in 2015.

BlueRayDick:
U are asking the wrong person the wrong question . I don’t remember debating Jonathan with u; neither am I the author of the article .

I'm not debating the wrong person. Na una dey ask me why I chose Buhari over Jonathan and na you dey provide the evidence

How many kilometres of Road did Jonathan build?

Let me shock you, PTF budget over the 4 years was only N144bln, and you just listed out what N144bln achieved. In dollar terms (blackmarket) then, that whole budget is less than $2bln. Even going by official rate, it was less than $7bln

Na una dey write article to disparage PTF work, na una dey still highlight the achievement unwittingly. PTF na something we see korokoro everyday, even with that small budget.

BlueRayDick:
https://guardian.ng/opinion/petroleum-trust-fraud/

The above is a summary of Buhari's time as the PTF chairman. Make of it whatever u will.

If u think it was a wise decision to reward the person described in the article with 8 years at helms of affairs of this country u are right. If u think it was an unwise decision, u are also right.

One thing that is constant here is : Buhari is the same yesterday, today and forever!

PS: The author of the article is a 75 year old Journalist who lived through the PTF era

"All southern states had 4,440.43 kilometres of roads rehabilitated (24%) while states in the north had 13,870.47 kilometres rehabilitated (76%)."

BlueRaydick, how many kilometres of Road did Jonathan do with 30 times the budget

200km from Lagos-Ore-Benin, Jonathan couldn't rehabilitate with gazillions more money

Yet one tribalist will start looking for problem in 4,440km of Southern roads Buhari built compared to 14,000km in North, as if na today things will favour ruling tribe in Nigeria

I read this tribal hatchet job at the time, which only highlighted the evidence of the difference between both candidates

BTW does North road need gutters and suffer from heavy rainfall as South? The money to achieve the same km of road in Bayelsa and Kano can be 5 to 1 because of drainage. What is the landmass of North compared to South? Why will they have same km?

Buhari performance with PTF we all saw with our eyes. Nobody will tell you lamba when PTF bus is picking you up from Federal Government College everyday

Olowunl01:
Borrowing to defend the Naira nko? So even if Tinubu term oil increase and volumes are up, no be gbese we go use am pay?

You don't borrow into your reserves. Your reserves are a function of your trade earnings. Which is why Tinubu Afrimex deal raised eyebrows as it's very unconventional, using backdoor to achieve the same goal. Tinubu was virtually doing a version of Barcelona levers - selling NNPC future revenue for money today

GloriousGbola:
Ibime is not celebrating Buharis achievements as president of Nigeria. He is talking about Buharis achievements as petroleum minister and ptf chairman. Things that he witnessed and experienced directly. Not white elephant airport projects but actual initatives that delivered.

Ibime is stone cold and sometimes morally flexible.

his stance is simple - Buhari added value as ptf chairman and as petroleum minister.

He ultimately did not add value as president, because he was unwilling to adopt belt tightening reforms and also because he went after poorly thought out projects of dubious value

That's just it.

Buhari failed woefully by trying to make a name for himself with poorly conceived infrastructure projects when we didn't have the money. He is at best a good works minister in times of abundance.

OBJ remains my favourite President because he did what the times demanded. He allowed our infrastructure go to waste but that's because he had debts to clear. And when he got debt forgiveness, he set up solid savings to protect our future

Jonathan was the biggest waste of space., a President who ate through everything including all our rainy day fund in a time of extreme abundance, and left nothing to show for it.

Olowunl01:
My understanding of economics is very pedestrian, whilst I agree with oil revenue playing a major part in determining Naira strength, the failure of Buhari govt policies and decisions cannot be overlooked - especially when we take into account the growth in diaspora remittances.

Besides, oil prices have since recovered in the last 2yrs but we as still massively borrowing, and if Buhari had implemented gas policy we would have made massive killing during the recent energy crisis.

Oil price may have recovered but the hole is already dug and the reserves are already depleted by years of low price. It's just like your personal finances. If you dig hole, it will take as many years to fill the hole as it took to dig the hole.

Oil revenue also has two elements - Price and volume. My faulting of Buhari is actually in his rough handling of Tompolo and co that affected sales volumes. I will accept that as Buharis impact on inflation

Amigoss:
Why should I sell you GEJ when I no dey support am or PDP...But you absolving your man Buhari,APC for this inflation mess won't fly...

Here his your man's time as petroleum trust Fraud Chairman which enticed you under general abacha

Part of the report disclosed that the sum of N26 billion was mismanaged by the company contracted by the PTF as management and project consultant when Buhari was the chairman.

Recall that then Gen. Muhammadu Buhari was appointed the Chairman of the PTF by late Military Head of State and dictator Lt. Gen. Sani Abacha, whom he had absolved of any corruption allegations despite the infamous ‘Abacha loot’ being repatriated by the Swiss government under this administration.

If N26bln was mismanaged and PTF still achieved what it did then it shows how much is being mismanaged by those with 30 times the budget who don't achieve anything. I won't argue with you whether money was stolen because money is always stolen, but the projects you achieve with your budget will show to what extent money was stolen compared to others.

CAPdan21:
This na better Lamba on steroids...Make Buhari carry this Lamba enter aba market whether them nor go tear him agbada...

A hungry man is an angry man regardless if he knows the reason for his hunger or not.

Amigoss:
Na Abacha get this credit na cos it was his govt that created it,you want whitewash Abacha for us? Moreover there is thread about Buhari's time as petroleum trust Fraud chairman here on nairaland and on the internet,cos we small then no come dey bobo us sir....

https://www.nairaland.com/2046305/buhari-ptf-days-untold-story

Abacha no consign me.

Buhari as Petroleum Minister built 3 refineries and as PTF chairman built 144,000 kilometres of road and equipped all our schools with things beyond our imagination, even school buses and tractors.

Now sell GEJ to me in 2015 after having by far the highest revenues in Nigerias history and $22bln savings kept for him which he yammed through in the first year of his tenure. Sell me ONE THING except that Sanusi had enough dollars to keep the Naira stable.

donjazzet:
If you look at those old posts, you see that it wasn't just Buhari, he supported amaechi against Jonathan, he consistently praised oshiomole of APC, fashola and the rest.
So this isn't just a buhari something alone.

This is an inherently pro-apc, anti-pdp bias at play.

I'm not even attacking him, I'm simply highlighting this so that people would know the historical bias he has towards the APC TILL THIS VERY DAY.

Which party do Aregbesola and Rochas belong to?

I will favour Amaechi and Fashola because they performed in comparison to their competition. Infact I'm on record as being very pro-Lagos politicians because whether you like it or not, they are planets ahead of other states political systems.

Ibime:
Rochas didn't do well anything

He built some substandard roads and tanked the finances within 2 years, leading to State Govt wage delinquency when it comes to payment of civil servants

Rochas is second only to Aregbe when it comes to financial mismanagement

Olowunl01:
Chief abeg please explain - cos left to me Buhari did the most damage to Nigeria. Security F9, Economy F9.

We have been going over the same thing the last few pages. Inflation in Nigeria is driven by the value of the Naira which is supported by our oil revenues.

You cannot support Naira with your bare hands, you have to buy it with dollars from your oil revenue.

Buhari even overdid his support of the Naira even when we had no dollars to prop it up. Tinubu is the one showing us the true value now.

Amigoss:
But the loots during this period of boom as petroleum minister under abacha are still brought forward today,the other fella is serving in this new admin also,same thing diezani.madueke is being crucified for....

What is difference between ptf which enticed you and gej's sure p

I don't know nothing about loot, but I know that PTF built 144,000km of road across Nigeria, bought school buses and tractors, desks for all our Federal schools etc that we saw with our eyes. That was 1994 to 1998. Ask anyone in school that period if they know the word PTF.

My decision of who to pick was very rational and based on evidence

liveLongNprospa:
So you saw nothing?
You were barely a child between1985-1987 who bought into vibes almost 30yrs later.
You didn't check the man's level of intelligence before you campaigned for him.

I can understand someone as young as Donjazet getting deceived but you dey open mouth talk say as mature egbon wey you be for 2015, them run you street😁.
Ibime go with God🙏

Which year was Petroleum Trust Fund in operation.

Answer this and you will know whether I'm old enough to have seen Buharis works to have a basis for supporting him over GEJ

I don't need to go far to see Buharis work. His work is right outside my house. Literally across the road from my house in the village. He built 3 of these in 2 years, the same thing we are finding harder than rocket science now, even Dangote.

I had very valid reasons for supporting Buhari in 2011 and 2015, but that is not the crux of this discussion. The crux of this discussion is the cause of inflation. I will hammer APC for everything except that because I follow numbers and materiality.

liveLongNprospa:
Who then is responsible for this high inflation?

Same thing responsible for Angola's high inflation. When you work it out, come and tell me. It was dealt with a few pages back.

liveLongNprospa:
Lmaooo question is which juju you see wey make a numbers man like you support buhari? What speech did you listen that he showed intelligence that made you support him over GEJ?

I only needed to see GEJ and his Governors loot the Excess Crude Account of $22bln to turn against him as a numbers man

I only needed to see Buhari build 3 refineries in 2 years as Petroleum Minister to give him a chance over GEJ

If you are of a certain age to see the word "PTF" on all your school buses, tractors and roads, you will know why those of a certain age gave Buhari a chance. Ask anyone in their late 30s plus

I don't have to defend my choice of Buhari now, just because he performed woefully. He had enough service record for me to go with him, while Jonathan had none except ruining our savings for the future. And I'm an Ijaw man with Jonathan wife from my hometown.