₦airaland Forum

Go and confiscate his property by force lazy soul

Poor thinking

Thank God

The same people who are afraid to face Boko

This is wickedness, may those involved in the killings and their generation never see good forever

Copy copy

favour32:
That is your opinion.
Delta state is not in the East and not known to be an Igbo state.
Obiora grew up in Agbor,Delta State.
So,he would find it offensive to be addressed as an Igbo man because he is not.
The Ika people in Delta have their identity.
The are never known as Igbo people.
Do not let the names people bear to deceive you.
Some people in a part of Edo state bear full northern names.
Does it make Edo state of the north?

God bless you my guy

hisgrace090:
Still stylishly dodging the main core Igbo man into sensitive post.

Stop bothering yourself, he is not Igbo.
So, carry your stupid core Igbo on head. Cannibals

The federal government of Nigeria has no case to justify its move to borrow N2 trillion from the pension funds. We believe it is immoral and irresponsible, even though the law allows the government to borrow 20 percent of the pension funds. It is a retrograde and unorthodox way to run a modern economy.

READ ALSO: Nigerian workers are biggest losers in FG’s plan to raid pension funds for N2trn

A woeful past record on project execution and inefficient use of debt is enough reason to disagree. Another, and even more worrying reason, is that the plan to borrow from the pension fund comes after previous investments opportunities: Treasury bills and other government securities have been made unattractive.

The current administration has shunned repeated calls for bold reforms in key sectors of the economy to stimulate and encourage private investment. Instead, we the apex bank churns out unorthodox policies which limit investment options of pension fund administrators. Rather than ease doing business in Nigeria, businesses are being stifled

So, rather than make laws to attract the long term private capital needed to build the roads, rails and runways the country sorely needs the Buhari-led government in its wisdom has opted for a smash and grab tactic – smash the available choices for preserving or growing capital in the economy and hide under the law to grab pension funds, to nationalise private capital.

This clearly paints a government that is allergic to private capital and such should not be allowed to come near the hard-earned savings of Nigerians irrespective of whatever the Pension Reform Act provides. A rabid distaste for privatisation does not justify unbridled nationalisation. It is like a drunken husband forcefully taking the savings of his wife.

A government that has succeeded in impoverishing millions due to its inability to stimulate the economy and create jobs has no justification to use the little savings its citizens are managing to set aside for an uncertain future. An uncertainty that the same government is fostering and fuelling due to its languid and aloof attitude to the economy.

While it’s true that South Africa, Saudi Arabia and Chile use their pension to build infrastructure but it’s a decision based on the return on investment not by compulsion. Argentina twisted the rules in order to nationalise $30 billion of private pensions in 2008. Yet, ten years later, it needed a record $57 billion IMF-bail out; it defaulted on the loan last year

A government with an excessive thirst for debt and an unjustified belief that only it can fix the woes of Nigeria has no right to a kobo, much less two trillion of hard-earned private capital.

All the debt Nigeria has incurred under this government (always to build infrastructure) has raised our debt profile. Yet the infrastructure gap remains, the economy remains sluggish. It has poured N1.7 trillion into a black hole of the power sector yet Nigerians go to bed and wake up in darkness.

If the government truly wants to declare a state of emergency in the power sector (transport, security, education and health also need a similar declaration) it has the executive powers and a pliant Senate and House of Assembly to execute directives and pass laws that are investment-friendly.

In our opinion, the federal is short of ideas on how to bridge the country’s infrastructure gap despite models for attracting local and foreign capital such as NLNG which declared in January that it has paid over $7 billion in taxes and issued more than $15 billion in dividends to the government since it started operations.

According to a report by PwC, Nigeria holds at least $300 billion or as much as $900 billion worth of dead capital in residential real estate and agricultural land alone. Between $230 billion and $750 billion is locked in the high-value real estate market segment, while between $60 billion and $170 billion is trapped in the middle market. This is amid a plethora government-owned asset that can be sold, rented, concessioned or securitised.

Breathing life into dead capital through structural reforms will convert most of the capital in the informal economy which is currently valued at 65 percent of GDP into the formal economy. By creating trust in the system, increased participation will bring about capital conversion in this economic class through fiscal receipts into the formal economy. It would also increase capital for infrastructure in the sector and increase economic activity

Source
https://businessday.ng/editorial/article/fg-hands-off-hard-earned-pensions/

The worst Army Chief ever

We should allow Easterners to have their own country

That's fine

Lack of understanding makes people to always refer to those in some parts of Delta as Delta Igbos
No Igbo in Delta

Due to the fact that the demand is far greater than the supplies.
So, whenever you hear those liars saying our out put in agriculture has gone up, just tell them to shut up

I received my phone just yesterday here in Abuja from aliexpress

Stop posting this rubbish, I traveled by road this last Xmas. Federal Roads in Edo and Delta are the worst roads in Nigeria

Blame yourself for voting certificateless grandpa

The wicked guy

kiyosaki1:
You are fully responsible for the outcome of your stupidity. There is freedom of speech, but freedom after speech is not guarantees.

Power is transit

Blame others

The VP should first know his place in reality before taking any step

RIP to the dead

chokoman:
Hahahahaha you should have gotten the message clearer bro.

You want me to kuku spill it out for you �

Explain the message to us, please bro

The man of God needs prayer, so, pray for him

yarimo:
IPOBS can ask stupid and senseless questions wallahi.

Another misguided soul

itsme01:
stop hallucinating on yoruba matter... we dont give a fvck about you

Shut up, whenever Kanu news hit the airwaves, especially negative ones, you shameless folks will carry the thing on your cota heads
I am not Igbo, but I hate the way you Yorubas attack Igbos unjustly
Stop the jealousy

No wahala

Great news

OgunLaakaye:
This what I will never do


Just marry her and use her for money rituals months after

You cant lose on both sides

U wicked oh