₦airaland Forum

NA WAYO GOVERNMENT WE DEY O! EGBAMI O. WAYO WAYO.

taharqa: I just dey laugh. So its not $67bn, but $45bn (since d ECA is a SUBSET of d Foreign Reserves as she just admittd). The Govt guys were right aftall.... By d way, what took Ezekwesili this long to mk dis clarification. She shld be careful so that Politics and a quest for Power by sm people, do not destroy whateva reputatn she has of not bn friviolous..... Ova now to those Resident IJIOTS who were arguing with sm of us when dis issue were trending then. @Gbawe, @Demdem, @Omo-koko, @Lacasa, @Seanten1, @Garriman, etc

She's preserve and well intelligent than those you speak in their support.
Tell your economy voodoo team to come forward to the parliament and defend the allegation, that’s where Nigeria can know who’s lying among them all.
Ezekwesili is bold, and confident in her facts so let your mentors come and defend themselves on why they are making life difficult for you.

Which plannet did he come from?
This man thinks our security is strong, he so much rely on Nigeria force that cannot kill mosquito. This is suicide attempt by the president; he should be security of himself.

It's a government of deceit and lies. Those crooks are professional rogue to be jail thereafter for deliberately impoverishing the nation. They think they can steal all our money and subsequently used it to buy freedom for themselves after leaving office!
I pity them; none of them will bag less than 20 years imprisonment.

Tinubu knocks Federal Govt’s economic policies
Posted by: Eric Ikhilae and Mariam Ekene-Okoro on March 8, 2013 in Featured, News 7 Comments

Action Congress of Nigeria (ACN) National Leader Asiwaju Bola Ahmed Tinubu yesterday faulted the Federal Government’s economic policies, saying they are incapable of stimulating the real sector growth needed by the country.

He criticised the government’s decision to grow external reserve in a country lacking basic infrastructure and advised that Nigeria depends less on foreign investments and economic policies. It should seek local solution to its economic challenges, he advised.

Tinubu suggested that the government’s policies must ensure that the nation’s wealth is deployed for the development of the real sector to stimulate production and manufacturing and, by extension, help solve insecurity, hunger, unemployment and poverty.

The former Lagos governor spoke in Lagos at an event where five governors, a former Finance Minister, Dr. Kalu Idika Kalu and former Economic and Financial Crimes Commission (EFCC), Chairman Nuhu Ribadu advised the Federal Government to review the nation’s economic policies to ensure the nation’s wealth benefits the people.

Governors Babatunde Fashola (Lagos), Adams Oshiomhole (Edo), Ibikunle Amosun (Ogun) Rochas Okorocha (Imo) and Abiola Ajimobi (Oyo) attended the event, which was the presentation of a book: “Financialism: Water from an empty well”, co-authored by Tinubu and former United States Consul General in Nigeria Mr. Brian Browne.

Tinubu observed that the nation’s economic policy was drifting towards financialism, where emphasis is on amassing financial wealth, as against capitalism that encourages investment, production and employment.

“In Nigeria today, with our lack of vital infrastructure, the absence of a concrete industrial policy and with the paucity of long-term funding to fuel the real sector, we ask the economy to do the impossible. It is like attempting to draw water from an empty well,” the former governor said.

He contended that the Federal Government’s policy of funds accumulation is a misplaced objective. To the ACN leader, the government should be concerned with how to channel idle human and material capacities into productive streams that create jobs and produce tangible goods with a view to improving the conditions of every citizen.

Tinubu, an accountant and former treasurer of Mobil Producing, said: “Just a few weeks or months ago, the Federal Government said we have $46billion in foreign reserve, earning about one or two per-cent in interest. $46 b of Nigerian money is held in foreign reserve, earning two per-cent and they have $42b in domestic debt, which government is paying 16 per cent interest on. These are facts. You have $46 b in foreign reserve, you are earning two per-cent and you borrow from these foreign investors, tagged domestic borrowing and you are paying 16 per cent. This is voodoo economics. They don’t know it. Get rid of them.

“It makes no sense. It is choking the private sector, which wants the same money. You want industrial revolution, you want to create jobs, and you want to create employment. And they are going to be borrowing in the same market. Where your loan is attracting 16 per cent as a government, the manufacturers would be made to pay 20/25 per cent.

“So, if they go bankrupt tomorrow, just get it, you are not helping the economy. We have to change. Get rid of them. We must shun the philosophy that says ‘better to save money and spend the people’. I say better spend the money and save the people.

“I believe in the national government saving money, if saving is for the purpose other than itself. For government that prints its own currency, to save that currency merely for saving’s sake is to accumulate worthless paper. Instead, our money must catalyse development, enriching the broadest spectrum of people. To say we are saving money for a rainy day while everyone is already drenched and wading through flood waters makes little sense to me.

“We must reform our economy. To do this, we must first reform our philosophy of economic development. What I advocate is not starry-eyed socialism. I seek clear-eyed, yet, progressive capitalism.

“Making money, not tangible goods that improves our standard of living has become the overriding economic objective. Funds should be used to fuel industrial production and generate employment, leading to broad shared prosperity.

“Instead, funds are increasingly recycled within the financial sector, creating huge nominal profits for a select few. The great nominal wealth is unconnected to economic fundamentals and has little bearing on the welfare of the average person.

“The more attractive this nominal wealth, the more money flows to and remains within the financial sector which produced this entrapping mirage. The mirage of nominal wealth thus expands and deceives more of us while the real economy staggers about like a starving man who searches for crumbs on the floor of an empty banquet hall.”

Tinubu said the challenge before the government should be how to ensure that most of Nigerians make reasonable return and boost agriculture. He added that “instead of stealing from our children and stealing the pension fund of the retired, this government must answer the moral call of providing one meal per day for our school children up to high school level.”

Tinubu urged the Federal Government to formulate an industrial policy that focuses on the development of labour intensive industries and the urgent restructuring of the education sector to arm the youths with the capacity to confront the country’s challenges.

The ACN leaders also suggested an overhaul of the agricultural sector to be complemented with a price support mechanism “so that those who toil the land and who feed us do not go continuously poorer the more they toil”.

Tinubu, who said the book is intended to help the nation avert an impending economic doom, argued that the solution to Nigeria’s underdevelopment resides with its populace. He said though foreign investment is welcome, it is incapable of leading the country to prosperity.

“We cannot blindly follow the advice of others. In thoughtless adherence to their own economic myths, the developed economies have led themselves astray in some instances.

“Their present counsel can do no better for us than it has done for them. Should we continue to listen to their false counsel, we will gain nothing of it, because it would yield nothing more than attempting to draw water from the empty well.

“We have the ability and knowledge to forge our own way. We must base our approach on empirical fact, not subjective theory,” he said.

Also at the event were businessman Aliko Dangote, former Managing Director, Zenith Bank, Jim Ovia (who was the book’s chief launcher), former governors of Lagos and Kaduna states, Alhaji Lateef Jakande and Balarabe Musa; the Alaafin of Oyo, Oba Lamidi Adeyemi and former Peoples Democratic Party (PDP) National Chairman Audu Ogbeh.There was also the ACN National Chairman Chief Bisi Akande, Senators Gbenga

Kaka (ACN, Ogun State), Gbenga Ashafa (ACN, Lagos), Ganiyu Solomon (ACN, Lagos) and Annie Okonkwo (APGA, Imo State) and Prof. Pat Utomi of the Pan African University, Lagos.

Others include members of the Hoouse of Representatives, Femi Gbajabiamila and Abike Dabiri-Erewa. Alhaji Kashim Imam (who represented governors of Borno, Yobe, Zamfara and Nasarawa states), Funminiyi Afuye (who represented Governor Kayode Fayemi of Ekiti State, Speaker, Lagos State House of Assembly Adeyemi Ikuforiji, rights activist, Femi Falana (SAN), former Minister of State for Defence, Demola Seriki and Prof. Adebayo Williams.

Kalu noted that Nigeria, having in the past wasted its growth opportunity, its leaders and the people must now resolve to work out ways of ensuring that its potentials are effectively harnessed for development.He praised the book’s authors and argued that what the country requires for growth include hard work, proper leadership and leaders who are law abiding.

Aregbesola argued that the country remains poor because no government has helped to articulate policies that could aid the nation’s growth.

He warned that the nation was doomed, should it continue with “the stupid culture of amassing wealth without putting them into productive uses”.

Oshiomhole argued that the pervasive poverty in the country was a result of bad leadership and the inability to use its resources well. He observed that the country was replete with contradictions, noting that while government’s statisticians proclaim growth in the economic and bandy around figures, the nation’s population is becoming poorer in the real sense.Okorocha sought change in the attitude of the nation’s leaders, arguing that the country was not poor, but lacks good managers.

Ribadu praised Tinubu’s leadership qualities and his passion for the nation’s growth. He noted that the development being recorded in Lagos today were initiated by him.

Fashola observed that the major problem with the country today was realizing appropriate application of the nation’s funds and devising a workable economic policy capable of propelling the nation to development.

Ajimobi said the book challenges the unorthodox economic views of the world, adding that it recommends a paradigm shift to focus on long-term planning to create wealth for the people.

“The book is a great paradigm shift from the way the world used to think about the economy and governance. Like every revolutionary and unorthodox view, it will attract reactions from scholars.”

Amosun said the book provokes a new thinking of changing the strategy to respond to the yearnings of the masses.

“Financialism, more than in any other nation, is still very pronounced in Nigeria because unlike other nations where a movement of one or two basic points will create problems, but here we see double digit increase in interest and nobody says anything,” the governor said.

Browne argued that the policy of a central government was imperative for the growth of any nation’s economy, noting that a national government’s monetary sovereignty and fiscal authority are prime catalysts to moving a flagging economy towards robust growth. The former diplomat, who lamented the plight of the Nigerian poor, said growth in any economy should not be in the abstract sense, but must be real and impact on the people. He also faulted overreliance on foreign concepts in modeling the nation’s economy.”Let our people walk in the light of a dynamic political economy that allows them to write the story of their own destiny instead of us always following the dictates of others,” Browne said.

Anti-Tinubu, please read below and make meaning to your life.

I stand before you today not as the national leader of the ACN or a member of the APC. I’m not here as Asiwaju, a former Senator, or a former Governor. Today, I rest these titles.

Thus, I stand before you simply as Bola Ahmed Tinubu, a Nigerian, who has dedicated most of his adult life to the progress of this nation. For this, I offer no apology. Come hell, come high water, I am a Nigerian. Come torrential rain or sunshine, drought or flood, increase or decrease, help or hindrance, I shall remain what I am, a Nigerian. Because of this, you are my people.

Whether from North, South, East or West, we are all branches of the same tree. Whether in the same or different political parties, we are members of the same national family. Whether from the same or a different religion, you are of me and I am of you. For the love for Nigeria, for the love of Africa and for the best future of our nation I co-authored this book with our African-American brother, Brian Browne.

Now permit me to tell you a bit about this intellectual journey upon which we embarked.

The most significant economic event of the past seventy years was the 2008 financial downturn.
Assessing the vast wreckage caused by this Great Recession, we concluded the downslide was not the normal churning of the business cycle. Something more sinister that posed a grave danger to Nigeria’s political economy was afoot. If we allow things to continue as they are, that political economy will become a distorted, top-heavy edifice incapable of maintaining its balance.

Increasingly small elite will grow wealthy and powerful beyond decent measure. The middle class will atrophy into nonexistence while the vast pool of our citizens will be shackled to a lifetime of misery, and sour destitution.

Gone will be the chance of broad prosperity and economic justice. Fleeing with it will be the hope of political democracy. As long as I live I will not walk silently beside her as Nigeria steers this bleak path. I will talk, shout, and even set myself down to write a book or a library of books if that is what it takes to awaken our people to the economic dangers that we have so assumed mindlessly.

The global economy had become unbalanced and it has unbalanced our national economic architecture. We are told that we live in an age of capitalism. If only that were true, things would not be so bad. We live in a time where capitalism has been consumed by a more virulent ideology. That ideology we deem as “financialism.”
Certainly, capitalism has many blemishes. Its historic imperfections have caused misery and pain across the globe. An inadequately regulated free market has on too many occasions ground poor and weak individuals and nations into dust.

Without appropriate government intervention, capitalism can become a predator devouring those it purports to enrich. Yet, capitalism must be credited as a medium that produced unprecedented, albeit unequal, levels of global wealth and prosperity. The task before us should be how to make the positive reality overcome the more negative aspects of this complex system.

However, the current challenge is far more acute and dramatic. We are compelled to do more than brighten capitalism’s image. We are left to save it from its financialist offspring intent on burying it.
What is now practiced is not capitalism. It is something meaner but less productive. Something that intensifies the gap between rich and poor. This is a worldwide phenomenon even in Britain inequality has reverted back to the level of 1920 before the welfare state came in -the situation must be even more precarious in Nigeria. Capitalism is now Something that unduly rewards those who earn their keep through the shuffling of financial paper yet unduly punishes those who earn their way through the sweat and travails of true and honest labor.
No, this is not capitalism. It is a cannibalistic offspring all too ready and willing to devour the parent that birthed it.

Under capitalism, the financial sector was adjunct to the real sector. The financial sector served as the circulatory system, efficiently allocating funds to the most productive agents within the real or manufacturing sector in order to keep that sector vibrant. Such vibrancy generates employment for the bulk of the people. High levels of employment give birth to stability and a standard of living conducive to democratic aspirations.
This complementary scenario no longer exists. The financial sector no longer is satisfied with being the branch. To a large degree, it has assumed the role of the tree and its trunk. The financial sector no longer complements the real sector. It has grown too large in comparison. Its appetite is ceaseless and grows with the eating. Instead of feeding funds to the real sector, it now chokes the real sector. Leaving many otherwise productive people and companies struggling to draw water from an empty well.

Under capitalism, the financial sector invested in production of tangible goods. Today, the financial sector specializes in financial investment. Having become insatiable, it rather invests in itself than invest in the rest of the economy so that other sectors prosper with it. Financial speculation used to be the province of a small set of risk takers. Today, it is the fad.

Cautious and prudent bankers were once sentinels of the financial sector. Things are different under financialism. Caution has been tossed to the four winds as the economy was tossed to the wolves. The banker who keeps his wits to function in the best traditions of banking is the exception. I salute those men and women who honor their professional tenets while others turned esteemed financial houses into lax casinos. However, their demonstrations of individual propriety proved insufficient to halt the systemic distortion that occurred.
Today, we have a big problem.

Making money not tangible goods that improve our standard of living has become the overriding economic objective. Funds should be used to fuel industrial production and generate employment leading to broadly shared prosperity. Instead funds are incessantly recycled within the financial sector, creating huge nominal profits for a select few. The great nominal wealth is unconnected to economic fundamentals and has little bearing on the welfare of the average person. The more attractive this nominal wealth, the more money flows to and remains within the financial sector which produced this entrapping mirage. The mirage of nominal wealth thus expands and deceives more of us while the real economy staggers about like a starving man who searches for crumbs on the floor of an empty banquet hall.

In Nigeria today, with our lack of vital infrastructure, the absence of a concrete industrial policy and with the paucity of long-term funding to fuel the real sector, we ask the economy to do the impossible. It’s like attempting to draw water from an empty well.

These points are not just topics of abstract observation. They are our real world problems. Financialism has crippled the developed economies so much so that they remain deep in serial financial crises. If a financialist modeling of the economy turns developed economies into hollow images of themselves, what shall it wrought in our economy that has never developed or industrialized?
As such, this book is an honest warning against the impending dangers of the encroaching financialism.

Yet the book does more than warn. We sought to identify a few safety exits from the burning building. The book offers important recommendations on how to reclaim our economic destiny.
For example, the accumulation of money by the federal government is a misplaced objective for these times. We have about $46 billion dollars in foreign reserves earning about one or two per cent while we have about $42 billion dollars in domestic debt which government is paying up to 16 per cent on. This makes no sense, and it crowds out private sector borrowers and investors our driving purpose must be to channel idle human and material capacity into productive streams that furnish jobs and manufacture tangible goods bettering the living conditions of every citizen.

I believe in the national government saving money if savings is for a purpose other than itself. For a government that prints its own currency, to save that currency for merely for saving’s sake is to accumulate worthless paper. Instead, our money must catalyze development enriching the broadest spectrum of people. To say we are saving money for a rainy day while everyone is already drenched and wading through flood waters makes little sense to me.

We must shun the philosophy that says “better to save money and spend the people.” I say better to spend money and save people.
We must reform our economy. To do this, we must first reform our philosophy about the economic development. What I advocate is not starry-eyed socialism. I seek clear-eyed yet progressive capitalism. Here are just a handful of key things we must do.

1. We must reform the financial sector so that it becomes an effective artery that sends funds to the heart of the real sector once again.

2. The national government must formulate a national industrial policy focuses on developing labor intensive industries. This is not textbook capitalism but we do not live in a textbook. This is how the United States developed under Alexander Hamilton’s “American System” and how modern China reached spectacular growth.

3. We must restructure our educational system to prepare our youth for the present challenges of this economy and not educate them in a manner more appropriate for another land.

4. We need to overhaul our agricultural system and put in place a price support mechanism so that those who toil the land and who feed us do not go continuously poorer the more they toil. We must establish commodity exchange boards exclusively for farmers which will go a long way to support them and provide agricultural pricing support mechanisms and consequently enhance food security.

The challenge before our nation today is how to protect millions who toil the land, ensure they make reasonable returns and boost agricultural production. Instead of stealing from our children and stealing the pension fund of the retired; this government must answer the moral call of providing one meal per day for our school children up to high school level. Feeding our children will improve nutritional intake and work better for their educational development. Ultimately, it will eliminate child abuse and take the children off our streets.

The demand for farm products to feed the pupils will be a catalyst to generate demand, create wealth, elevate production of agricultural goods and fuel associated industrial growth. The establishment of these activity and small scale agro-industries will generate significant employment in our rural areas.

5. We need to provide primary health care, taking it upon ourselves to fight malaria so that our children can develop properly and our labor force becomes more productive as it grows healthier.

In the final analysis, our development rests with us. Foreign investment is welcome but will not lead us to prosperity. Foreign investment may repair a room or two, but it can never build the mansion we seek.
We cannot blindly follow the advice of others. In thoughtless adherence to their own economic myths, the developed economies have led themselves astray in some instances. Their present counsel can do no better for us than it has done for them. Should we continue to listen to their false counsel, we will gain nothing of it because it would nothing more than attempting to draw water from the empty well.

We have the ability and knowledge to forge our own way. We must base our approach on empirical fact not subjective theory. We must examine what has worked in other places then adjust these truths to the situation at hand. We needn't reinvent the wheel but we must be mindful not to be fooled when a stranger tells us that a round stone is the wheel we need.
Let us give our productive sector drive, purpose and vitality so that it puts the vast army of idle people and material assets to work.
In this way, we safeguard internal security because a prosperous nation is no longer a danger unto itself. In this way, we safeguard democracy because a productive work force and strong middle class are better guarantors of democracy than any military can ever be. On the other hand, a poor and idle population is a factory of inequality. In the throes of such inequality, despotism finds ample harvest.

In this manner, we give to every Nigerian whether from north or south; whether PDP or APC; Progressive or Conservative a chance for a better life. In this way, I can stand before you or anywhere else on this planet as a Nigerian without recourse to my title or position yet stand duly proud of what we have achieved and of the life we have forged for ourselves. For this solemn reason, I helped write this book. For this solemn reason, I urge that you take it upon yourselves to read it. Thank you for listening.
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Until your eyes open, then you will know the truth behind your been treated like a slave in your father land.
This country has grown gagaa, thieves now arresting owners! This is what you get when citizens failed to check excessiveness of the government; corruption strives when poverty engulfed the nation. People brain would have been eaten deep. A virus that eats brains is another definition for corruption in Nigeria scenario. They lack ability to reason logically. The government adopted this method so as to perpetually subject citizens into dreaded brain as strategy to continue looting treasury empty.

gramci: See this "toronto" degree holder teaching economics

Digest sensible things from the comment and stop making your disgusting nonentity known to the forum.

Digest sensible things from the comment and stop making your disgusting nonentity known to the forum.

The security of lives and property is the KPI of responsible government. If president loves Nigeria people, he would have applied a method that will see an end to Boko haram evils. It’s just unfortunate that those who face the death every second are the ones justifying ineptitude of their leader. Let assume Jonathan brother, or son, his wife or mother was a victim of Boko devil’s act, won’t he found solution? The kind of statement by the president at this dangerous period in Nigeria should be guided and sensor to prevent deadly act by the sect. We all know whenever president makes such statement; it leads Nigerians into the hand of cold bloody dead. President should be guided and be consistence with cold words even if he meant otherwise. he should stop endangering the lives of those who voted him because he's secure in Abuja while ordinary Nigeria that leave in remote area are prone to Boko haram deadly act.

You perish when you don’t know and never mind to know.
Let look at amount gave to Jaga when he came to office, one would like to ask whether there is post assessment and accountability over that quantum figure. You see, in Nigeria the less you look the less you see, Nigeria government has blindfolded many Nigerians and as a result people can't reason and judge the government undiluted.
Buhari by nature is at the peak, and whatever he's doing now is for the benefit of you and i so that we don't end up regretting why we are born to this country bless with all resources but a curse for the nation due to rigid and unbridle corruption. If Buhari say something, give it deep check and see how it can benefit the nation not your selfish interest.

These people deciding affair of this country are nothing but bunch of fools.
The amount of money these set of nincompoops are announcing is hilarious and there is never a way country can work with this enormous and wasted spending of Nigeria resources.
Hyperinflation is major challenge in this country. There is no way this budget will reduce or manage inflation; this budget is situated to bring back dead N5000. Nigeria needs a lot to do. It’s just unfortunate that even those with expatriate strenght have now bought the idea of looting which they were in first place condemned.

They are called "omo abu igi je" in Yoruba. These people are chimpasy lack all intelligent quality. Only the one born and brought up here in Lagos seem to be a litle different. Ihave many of them where i work and infact, am fucking tired of their animal behaviours.

Joeadamu86: I will criticize my father if he is goes and makes stupid statements that will not uphold our family,nobody is saying that all is well in Nigeria,but tell me the solutions the General proffered during the speech. The point is that Buhari misfired, the british in the normal Neocolonial and imperialistic style set a trap and Buhari fell into...and people like you who don't value your country will clap for him as if his folly is commendable.

The book you read doesn’t guarantee your literate, logical reasoning and a clue about Nigeria problems with solution.
Go and check your record concerning sectors to which Buhari had opportunity to spearhead.
He was a president of this dilapidated nation. He knows what went wrong.
He once head PTDF and his profound performance is there to verify.
You see! Until you recognize that the problem bedevils us as a country is corruption, hence a death penalty to curb.
A situation where corruptions is endorsed and legalize negates dividends of democracy and right of people to basic infrastructure which is primary objective of responsible govt.
If Buhari is jinxing the world, promulgating that Nigeria is in the hand of devils and you whom directly face the heat could not figures out why and secret behind Buhari's action, you ought to be living in the forest where you belong.
This man has everything at his disposal to become rich. Do you know as PTDF chairman, with the uncheck level of corruption, he can approved oil block to himself and friends? He chooses not to because gr8 Nigeria is superior in his mind.
Is only Buhari can point accusing finger, not OBJ, IBB or any ex-president including the serving one in Nigeria. Youth are denied job and even when you are eventually lucky to be call for interview, you can’t defend your qualification.
Tell me; who will employ unproductive graduate into his firm? Majority of these companies owns by those who subject you to available choice of yours. Think about it.

Nigeria youth is the problem of this country and you ask me why?
Our youth are so much lazy and weak in the area of adjudging good governance and the poor. This is inherited syndrome and to be rejected out rightly. Any bad government can be attributed to failure and inability of the citizens to know what's good for them and how to achieve the lacking.
Are we ok with the level of unemployment? Are we ok with decay in our infrastructures? Are we satisfy with the unbridle corruption and nepotism? A good citizen must be able to answer these questions appropriately because his life and future banks on them. I’m with conclusion that- most of those in support of Nigeria bad government are either a relatives or beneficiary of the corrupt nation, a man or woman with adequate knowledge of Nigeria bad structures knows that the problem bequeath us as a nation is prevalent corruption. Lately we all know the number of alarming records of corruption under this administration and this is attest to by international body. That as we speak there is no sign that Nigeria would have a metro lane like the one in South Africa, a country I was privilege to make a donor to when I was in primary school. It is not strange to know that our roads are dead trap. It’s also not strange to know that our education system is gradually obsoleting while this crooks are proprietors of universities to which you're subjected to pay enormous charge as school fees. Nigeria youth, this battle is yours; your forefather, father allow this because they're uneducated. Advantage of education is disadvantage in Nigeria. Things that work effectively in Niger, doesn’t work here in Nigeria due to selfishness and addicted corruption.
Let put stop to this and take back our country for Nigeria of our choice. The battle is yours, stop praising mad man in the market. Stop making them feel that you’re the cause of your undeserved position. Tell them you know what’s good for you and that Nigeria is not working the way it should.
Things must be change and we must all make the sacrifice.

Joeadamu86: Gen Buhari is the wrong person to say anything about Democracy, he has never been democratic,someone who toppled a democratically elected government,i don't i think he has anything to say.Moreover the organizers of the programme as far as i am concern have sinister motive, if not why General Buhari who they can easily pre empt his postion on Nigeria's democracy,the picture he painted is worst as than what we have on ground.He is just angry for always loosing out.

You are an advocate of failure to be re-sharpen or re-oriented for civilize life style.
Buhari may not be a saint, he probably may not be 100% Mahatma Gandhi in style, but have solution to Nigeria problem.
Those in Govt. ruining your life know that- the man is capable of chasing them out of the country as alternative to settlement in jail. The fear of Buhari becoming a president is best known to them than some fools within overwhelms poverty citizens. The laws of the land are meant for you not them. Bayelsa state governor passed into law a death penalty for kidnaper while treasury or public pulse looters go scot free. Which one is to face the brutal act of the law, the formal or latter? This is the question you should busy all day asking yourself before you begin to criticize Buhari. Idiot!

Yeah! he's right, for given us chain of dummy as president.

This sanitation should not end there; there must be consistent inspection and thorough search for any goods which are prohibited. These Igbo guys are not trust worthy. They can trade human parts in that market due to their antecedent climbed with Cliford orji scenario.
Please, his Excellency- ensures those who hired MASOB were scrutinize because there must be something filtching. Endeavor to scratch beneath the surface; some terrible things could be detected.

Nigeria as it is today in the area of state performance there is no governor that has delivered or outsmarts Fashola in terms of deliverables on promises made before electing them into offices.
If you're knowledgeable about problem of centralization and the federal government excessive when it comes to monopolizing infrastructures which is father of all corrupt act by the way its run the affair of the nation you will quickly give Fashola excellent in his brilliant way of running the govt. efficiently.
This is what is absent in PDP govt. it rigidity and adamant to change is the weakness while corruption is pdp strength. Opportunist among them are now inflicted with pdp corruption syndrome while anybody who have this facts and move to make a change is a threat to this political cabals striving to squandered the nation dead.

awodman: Since u are in support of draconian approach to solving problems..hope u supported FG when fuel subsidy was removed..I hate how u all see every fashola's move no matter how draconian as a gud move but fault FG when they take similar steps...imagine increasing a univ school fees to a whooping 350k!!!!!...imagine if same was done ƒσя federal univs...sacking about 776 doctors including experienced consultants in one full swoop!!!!..so u are recommending let's say if ASUU goes on one of its numerous strikes dat FG should sack all of them?pls let's call a spade a spade and leave hypocrism

Nigeria as it is today in the area of state performance there is no governor that has delivered or outsmarts Fashola in terms of deliverables on promises made before electing them into offices.
If you're knowledgeable about problem of centralization and the federal government excessive when it comes to monopolizing infrastructures which is father of all corrupt act by the way its run the affair of the nation you will quickly give Fashola excellent in his brilliant way of running the govt. efficiently.
This is what is absent in PDP govt. it rigidity and adamant to change is the weakness while corruption is pdp strength. Opportunist among them are now inflicted with pdp corruption syndrome while anybody who have this facts and move to make a change is a threat to this political cabals striving to squandered the nation dead.

Chidi4u: When it is time to share the spoils of office.They will not remember marginalisation,but when they lose out it is marginalisation

Shut your dirty mouth up. The originator of the post gave out this so that a reasonable and logical contribution can be made. If you have hatred for the tribe please keep it to yourself and stop exposing your infantile in your way of contributing to developmental debate ok.
I've said it that OBJ is an error that Yoruba won’t recover from for his wasted years in govt. The marginalization that we talk about now, did it start today? Obj single handedly brought shame to Yoruba race and the country as a whole is suffering for what someone in another segment of the country single handedly did. We should be ashamed of a son that went out there to disgrace his father in the public, let be bold to say the truth and the way it is.

This is more reason this country can't move forward. What the guy is doing, how many ex vp or president does that? I've never heard OBJ or IBB, even unknown most corrupt president, "in the name of Abdusalam" never deem it fit to give out as Atiku is presently doing and this is not his first time. Besides, this man has not made his presidential ambition known to us so let keep off insinuating what’s not. Atiku will definitely do better than the sitting president so what's the Bleep all about?
Atiku was given the opportunity and he messed it up with obj! They both have nothing to pick in Aso rock anymore. Nigerians cant observed another old veteran with outdated ideas in the presidency, that position has direct effect on every Nigerians, this is known to them now and they can't allow set of nincompoops to hold it again.
If you’re criticizing, let us base it on fact not on ethnic. Both the past and the present occupancy of public office have all done evil to this country. Almost all sectors have been collapsed. The education which is the foundation of development is nothing but a mirage. What are you silly celebrating? Can you measure the present graduate of Nigeria universities with the past? These beneficiaries of sound and profound education by great hero, late Obafemi Awolowo now deprived many Nigerians the opportunity and quality to compete with them. The misapplied what was read in the book wrongly? They engineer inflation. They legalize corruption. The accountants amongst them learn how to steal kobo kobo from you and I account without us knowing. Is quiet unfortunate! What a pity.

This is a wrong step and capable of creating corrupt nollywood. This government is already a chop chop govt. in the hands of padi-padi. What Nigerians fail to understand is that- country is best governed with enactments of profound policy that will see an end to corruption.
Nolliwood need the help of president in curbing piracy, if this is taken care of then you can look for a way of making the industry robust via financing it. What you get now is avenue to siphon money as usual. They can’t take out money just like that without attaching it with one frivolous and designed project because Nigeria will shout foul even when our voices mean nothing because we lack Egyptian, Libyan and Syria strengths to chase away this group of looters.

It's very glare that some in this nairaland are stooge of bad goverment and this has made you not to understand your right hand from left. these are the one who will eventualy take over from these evils and continue the same bad way their mentor is leading Nigeria. if you estimate the cost of Maku traveling project, no one will tell you that the motive behind this is to scam you off your dummy brain. You dont have to start touring before Nigerians will see the achievement of this government. the secret is that these people have taking us for fools. what Nigeria want is constant electricity, good road and creates employment. These are basic things a responsible govt. must attend to, not embark on unprofitable tour just to satisfy your abnormal thirsty tour. if you do the right thing Nigerians will see it, you dont have to speak or diceive us on what you've done. we know federal projects and if youre coming to inspect that, it can be done without pre-notification. infact this will make you popula more than your thinking.
ppppdddppppppp, give us constant electricity, good roads,and enact good policy that will see an end to curruption that's what Nigerians neeed for now. your succesor will continue with a better projectthat will subsequently succeed Nigeria.

Leadership is about proactive and ability to take a bold measure that will ensure that individuals do not take the law of the land into his or her hand.
Oyerinde, an adviser to the governor of Edo state was murdered in a cold blood without seriousness by the presidency to see that the culprits are brought to justice. This is what can’t happen in another country in this world, a situation where you have the leader muted. By now the IG and many heads should have been sacrifice for failure to do their job as stipulated in the contractual agreement. On the contrary, this could be tactics so as to let go the killer of innocent guy.
Death is sold in Nigeria Street; therefore, Nigeria people should take security measure of their respective lives to prevent such brutal occurrence in the future.

Thats the mistake you people make. ACN rep initiated it and supported by all ACN and some other rep from opposition parties, but PDP in its strugle to ensure that life is meaniless to some fool who could not understand what's going on in the legislature, the bill failed because PDP have majourity while other parties are of minority ok.

It’s saddening reading ill-composed with intension to ruin the reputation of outstanding and respected governor in the name of Fashola simply because of blindness and reluctant of some fools toward change.
If Igbo people think Fashola insistence on Lagos of a standard in aspect of environmental rule compliance is problem, they should pack their load and leave. A few can't hold Lagos down from achieving its plan simply because of their brainless and selfish reasoning.

Yoruba adage (Ohun alayi mo unkan finse arare lopoo!), novice perished due to his poor lack of knowledge and reluctant conservatives.
God has done his best. To some extent we're more naturally blessed in term of resources than most developed countries in the world, yet we are crawling; not in anyway moving forward.
A responsible government that want things to work will start enacting or implementing sound policy, that will see an end to corruption practices and enhance capacity building. Creating enabling environment is primary responsibility of good governance.
Our youths are nothing but failure and a threat to their father’s land; few are employable due to poorness in our educational standard-what a shame!
They deliberately doing this so that their children will continue dominating by inheriting dilapidated system perpetually structured for their selfish gain. They withdraw their children from public school to private, this are spoilt child. They fail out in public school and withdrawn into where things can be manipulated because they own the business. It’s a shame, if you fail to realize all these mess.

Check yourself and answer this question:
What's the cost of providing constant electricity supply and fairest modern transportation system that will convey you from Imo down to Lagos in less than 5 hrs?
The records of infrastructure progress in South Africa today are not done by spirit; they are done by those who genuinely love their country.
In the history of Nigeria this present administration harbor criminal, romance them and negotiate the loot in favor of those who wrecked your life.

Nuzo':
Most Nigerians didn't vote for GEJ because they thought he was the saviour. NO!
They voted for him cause his oponents played the religious and ethnic card right from when Yaradua was sick....to Ciroma's arewa PDP committee...to Buhari not campaigning in the south and also asking his fellow muslims to vote for only muslims.

The only candidate (Ribadu) in 2011 election who could have given GEJ a run for his money was compromised by his associates.

Now, the question should be...given that GEJ's opponents haven't changes their stances on religious and ethnic bigotry, should they expect a different result in 2015?

Eziachi: How on earth do you come to this conclusion of people from a particular segment of the country? All I saw were just black men and women of all sizes and shapes and no stamps on their forehead.
Unless you got a different picture than this one we are all looking at?

What i mean is that there is level of curruption to be measure by regions.
If Jona region doesnt belong to this class of curuption, there wont be staging of protest in support of anti people project. This show the worth of the president when it come to curruption, and his family wont say anything because is truely reflecting what they stand for.
hope i open your eyes.

He would emerge if he succesfuly built N4B office scam for his wife.

This is what you get when people from particular segment of country head the affair of the nation. It is more reason why they've being denied the opportunity because some greedier knows their fellow greediest. Having envisage today event, am afraid this will be the last taste of SS and SE presidency before the nation brake out.

Tadeus: I totally disagree with you. GEJ can not be tagged "the most divisive President in the history of Nigeria"

Most of Nigerians are getting it wrong. The issue of Boko harram alone is enough to slow GEJ good governance down.

It's that same Boko haram that dried our foreign reserve.
It's Boko haram that escaped mina (pension 419)
It is same Boko haram that trash Ribadu report on subsidy scam.
It is same Boko haram that couldn’t allow Jona to remove subsidy when there is no prove of its existence.
It is same Boko that increase feeding allowance of the president with that huge amount of money.
It is Boko haram that propose N4b office for the wife of president when poverty has almost eat up the poor in the Land.
What a stupid country and dummy citizens!

Change they say is the only constant thing in live. When the able man (Fashola) started the restructuring of Oshodi, majorities of those with a brutal taste, of disorganized environment- chant, scream, calling him different name and condemned the project in all ramifications. Today Oshodi is heart desired, well organized and a good place where normal human being should stay.
We've heard many critics in the past and Lagos is moving ahead despite your entire negative and some irrelevant thoughts. We can’t stop; the sloga is- Eko oni baje!
If you can’t join the wagon; your option is to leave and relocate to where your life can be miserably guided, endanger and meaningless.