₦airaland Forum

It's typically sold alongside the five million dollar Ugwu.

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Psych

This Emefiele dude is an incompetent fool

kettykin:
Efcc is becoming more useless by the day

Your generation will not see a dime of that loot.

OP should write a movie script on ancient fables.

wildice2:
No militant group in nigeria can ever stand ground with the army how can u challege the army to the creeks only two alpha jet will level the creek with 4 war ship for anyone tryin to escape. For does sayin Militant don't use pump action smh so if u want to take selfie u would go to ur toilet or ur living room all does guns there take pictures with are there best weapon u see

Thanks for straightening out the mumu. Like they'll take their useless selfies with shakabula abi. These Israelites are really moronic.

There are 4

1. Ipod
2, Ipoo
3. Tripod Stand
4. Re-Ipoo (Just because the laxative in #2 above was not strong enough)

Give the monarchs more bleaching cream and you will have peace.

WTF!!! Look at those bleaching mofos

Dead body (Biafra) get accident. Yepa!!!

Confusion break boney. Yepa!!!

Na double wahala for Biafra and the proprietor of Biafra.

Na double wahala

Dead body o

mile12crises:
Soon Yoruba airports will be deserted

Lmao

What did this thread turn to?

Omudia:
o

Very insightful contribution.

The Southwest Zone of the All Progressives Congress (APC) yesterday called for the restructuring of the country. It said governance should be based on true federalism.

The party leaders made the call at their conference held in Ibadan, the Oyo State capital.

They also called for free and compulsory education in primary and secondary schools in Southwest states and pledged to conduct a free and fair primary for aspirants to political offices in Ondo State.

The conference was attended by Vice President Yemi Osinbajo, who was represented by Senator Babafemi Ojudu, special adviser (political) to President Muhammadu Buhari, Governors Rauf Aregbesola (Osun) and Abiola Ajimobi (Oyo). Ogun State Governor Ibikunle Amosun was represented by his deputy Mrs Yetunde Onanuga.



Ministers Adebayo Shittu (Communications) and Kayode Fayemi (Solid Minerals) also attended.

APC National Chairman John Odigie-Oyegun was represented by Deputy Chairman (South) Chief Segun Oni, who led party leaders in the six states of the Southwest.

In an eight-point communique, the party posited that “meaningful progress and socio-economic development of the Nigerian nation is unattainable without restructuring the extant, largely unitarian geo-political arrangement. “It is by such re-arrangement, leading to genuine and true political and fiscal federalism that the innate energies of the people of Nigeria can be released and new vistas of human development opened up.”

Setting the tone for the discourse, Ajimobi, called on the party in the zone to engage political office holders regularly and make meaningful input in policy formulation and delivery.

He said the party must organise leaders and members to talk together, think together and share ideas and thoughts on how to offer better governance to Nigerians.

He said: “Let our party create avenues to have position papers on policies. President Buhari is one simple individual that is corruption-free. He has integrity. He is completely simple. It is clear he is the best for this time. But we must help him by conversing with him always through the instrument of the party presenting position papers. We must participate more in the APC-led government.”

Aregbesola said without a restructuring of the country, only little can be gained by all stakeholders in the current arrangement.

He lamented that most states are spending their resources to maintain the civil service whose population is scarcely more than 10 per cent of the total population. “That is why we must restructure Nigeria.” He said.

As revenues plummets, Aregbesola said the situation offers opportunity for the Yoruba to revitalize the concept of working for whatever they earn.

His words: “We must make earning for living a core concept. Let Southwest start and lead in reviving this concept. Work for what you earn.”

Vice President Osinbajo said this administration did not fully appreciate the enormity of the corruption and decadence in governance until it took office last year.

He said the pains of today was a result of “yesterday’s mismanagement of the commonwealth of our great country.”

But he said President Buhari was aware of the pains of citizens. The Vice President assured Nigerians that a glorious dawn awaited them.

Osinbajo pleaded with citizens to show understanding and be patient as the administration works to make the country better.

“Change is not easy. But we are not relenting until we achieve a better life for all Nigerians. The change that we advocate will be irrevocable when we are finally done.” He said.

Assuring that the desired change was already here, Osinbajo said some investors have shown interest in building refineries in Nigeria.

He also pointed out that current improvement in power supply is a result of the efforts of the government, adding that the government was committed to the implementation of the health insurance scheme, diversification of the economy, infrastructural development and job creation.

Chief Odigie-Oyegun told party men to educate their followers and members of the public that the ‘change’ mantra is not an event but a process which takes time to be fully achieved.

He promised that recommendations of the meeting would be considered at the national secretariat of the party.

In his welcome address, the National Vice Chairman (Southwest) Chief Pius Akinyelure, said the contribution of the Southwest Zone to the success of the APC at the national level was not in doubt.

But as change agents, Akinyelure said the party leadership in the zone was not under illusion that greater efforts are not needed to put the nation back on track.

He commended governors in the region for sustaining its economic relevance in Nigerian through their popular policies.

Akinyelure also called on feuding governorship aspirants in Ondo State to come together and allow peace to reign. He assured them that the party would conduct a free and fair primary and urged aspirants to support anyone that emerges as the party’s candidate.

In the communique , the party said in view of its huge contribution to the ideological and policy thrust of the APC as well as the enthronement of the party at the federal level, the Southwest Zone must become more engaged with, and engaging in, influencing the affairs of the party and government at the national level.

It added: “The need for diversification of the economy has become mandatory for the successful enthronement of true political and fiscal federalism with each geo-political zone exploring its resources for maximum development.

“The primary role of quality education in the progress and development of a people was acknowledged. However, it is most disturbing that the present Southwest Zone that used to commit as much as 30 per cent of its budget to education is no longer able to achieve such level of support. The conference agreed with the submission of the guest lecturer that primary and secondary education should be made compulsory and free in the Southwest zone.

“In considering the importance of the upcoming governorship election in Ondo State on November 10, the conference made a passionate appeal for the unity of party members throughout the exercise towards the emergence of the party’s candidate. Specifically, the conference pledged the commitment of the leadership of APC Southwest zone to a free and fair process in picking the candidate of the party for the election. It also appealed to all aspirants to rally and give full support to the successful aspirant in order to face the November 10 election with the full force of the party as it is imperative to bring the government of Ondo State into the fold of the progressives.”

Also at the conference were: former governor of Old Ondo State, Chief Bamidele Olumilua; former deputy governors and Chief Ayo Fasanmi.

Others are chairmen of the party in Oyo (Chief Akin Oke); Ogun (Chief Rokeeb Adeniyi); Lagos (Chief Oladele Ajomale); Osun (Chief Gboyega Famodun) and Ekiti (Chief Jide Awe); National Legal Adviser Dr Muiz Banire; Senator Ganiyu Solomon; Senator Olorunnimbe Mamora; Chief Tajudeen Olusi, members of the House of Representatives, Houses of Assembly and political office holders.







http://thenationonlineng.net/southwest-apc-insists-true-federalism/

You are a genius in being obtuse.

weyabcom:
Today seems to be d happiest day. Immediately i saw 2:0 I went down nd bought 3 packs of indomie wit eggs, den prepared a delicious meal for victory

You must be going through hardship.

Why do you people like posting fake crap.

Let's get all the oil before it becomes totally useless in the next few years. Eff Avengers while we are it.

I support the strategy.

President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to commence the search for crude oil and other hydrocarbon exploratory activities in the Benue Trough.

According to a statement by the NNPC, Group Managing Director of the NNPC, Mr. Maikaniti Baru, disclosed this while receiving a delegation from the Benue State Government, who paid him a courtesy visit in Abuja.

This is coming few days after the same directive was given to the NNPC to intensify crude oil exploration in the Chad basin.

The Benue Trough is a major geological formation underlying a large part of Nigeria, extending about 1,000 kilometer north-east from the Bight of Benin to Lake Chad. It is part of the broader Central African Rift System.

Baru stated that the directive to commence exploratory activities in the Benue Trough was part of efforts to guarantee energy security of the country. In addition, the NNPC also stated that it has reinvigorated its collaboration with the Benue State Government on the Ethanol project which is geared towards production of biofuels for energy sufficiency.

Baru noted that ethanol when blended with Premium Motor Spirit, PMS, otherwise known as petrol, ensures excellent performance of vehicles, stressing that energy sufficiency and proficiency were part of the cardinal objectives of the NNPC. The NNPC added that it has initiated a renewable energy programme in August 2005 which is in conformity with the Kyoto Protocol agreement to which Nigeria is a signatory.

The primary aim of the programme, according to the NNPC, is to link the agricultural sector with the oil and gas industry, adding that it is also targeted at gradually reducing the nation’s dependence on imported gasoline, reducing environmental pollution as a result of consumption of wholesale fossil fuel as well as creating a commercially viable industry that can boast of sustainable domestic jobs.

“A similar programme in Brazil has a thriving biofuels industry providing quantum economic benefits including creation of hundreds of thousands of employment opportunities for nationals of that country,” the NNPC noted. Also speaking, leader of the Benue State delegation, Mr. Terwase Orbunde, commended the NNPC for resolving the recent fuel supply challenges and pledged the readiness of the state government to support the quick take-off of the Ethanol project, adding that the project would generate jobs for Nigerians.

Orbunde assured the NNPC of full support and cooperation from the State Government and the host communities, stressing that the State Government fully identifies with the energy policy of the Federal Government. The Benue trough, according to Wikipedia, has its southern limit at the northern boundary of the Niger Delta, where it dips down and is overlaid with Tertiary and more recent sediments. It extends in a northeasterly direction to the Chad Basin, and is about 150 kilometer wide.

The trough is arbitrarily divided into lower, middle and upper regions, and the upper region is further divided into the Gongola and Yola arms. The Anambra Basin in the west of the lower region is more recent than the rest of the trough, being formed during a later period of compression, but is considered part of the formation.

Read more at: http://www.vanguardngr.com/2016/08/buhari-orders-nnpc-to-commence-oil-exploration-in-benue-trough/

Why would any sensible government engage an alleged felon in any sort of debate? His ass should be where it is currently residing.

They also invented propaganda

Wish other peaceful regions have gas infrastructure in place that can be quickly tapped.

How can the man be broke with all the past cronyism?

The recent decision by management of Transnational Corporation of Nigeria (Transcorp) Plc, to back down on its plan to build one of the nation’s biggest power plants at a cost of $1 billion in the Niger Delta region, sent shivers down the spines of operators in the the power sector, including contractors and the entire citizenry.
The decision is coming at a time that power generation in the country is at its lowest ebb, hovering around 2,800 to 4,000 Mega Watts (MW) and 4,000MW in rare cases for a population of over 170 million.


Transcorp Power Limited, owners of the 900MW four power plants, Delta I, Delta II, Delta III and Delta IV, had hinged its decision to suspend the project over gas shortage and a downturn in the nation’s economy that is hindering efforts to raise funds for the project.
The company had in 2014 said it would raise $1 billion to build a 1,000MW gas-fired facility after it bought the Ughelli plant in Delta State from the Federal Government and more than doubled its output to 700MW in two years of operation.
But attacks on pipelines by militant groups have since cut gas supplies to power stations leaving millions of Nigerians in darkness.

Transcorp/Transcorp Power reacts
Meanwhile, the Chief Executive Officer, Transcorp, Emmanuel Nnorom, was quoted by Bloomberg as saying, “how do you make the investments when you are generating far below your current capacity due to gas problems?”
Transcorp, which has interests in agriculture and energy, is owed N28.29 billion by the government-owned Nigerian Bulk Electricity Trading Plc for power generated and not yet paid for, he said.
“My number one problem will be gas, owing to much capacity available that is not put to use,” the Chief Executive Officer, Transcorp Power Limited, a subsidiary of Transcorp, Adeoye Fadeyibi, was also quoted to have said in the same interview.
Ughelli’s generation capacity slumped to 70MW this year before rising to 300MW, or less than half of what it is capable of generating, he said.
Transcorp is in discussions with some foreign companies to diversify its sources of electricity to include solar, which will enable it to lower constraints from gas supplies, Fadeyibi said.
Already, the Federal Ministry of Power, Works and Housing has signed agreements with 14 solar electricity generating companies last month to supply 1,125MW to the national grid. While Transcorp was not part of that agreement, it is looking at deals that will be competitive based on its projections, Nnorom said.

Reasons beyond gas shortage
The Gencos recently lamented that they have been at the receiving end of the lapses and deficiencies in the Nigerian power sector, as well as the seemingly insurmountable challenges of operating within the sector.
‘‘The fact is that Gencos have been and do remain far more vulnerable than any other player in the electricity supply value chain. For whatever reason, very little has been put in place to give the Gencos a legitimate chance of survival based on the realities on ground.
“While the Gencos have been carrying the burden of ensuring that the power sector remains functional, and hoping that the obvious gaps, deficiencies and threat to their existence would be addressed, we are presently cringing under the excruciating pains of carrying this burden,” the Gencos lamented.
It is equally on record that when the Gencos acquired the power assets, the exchange rate of United States dollar to Nigerian naira was $1/N157. About three years down the line, the cost of the equipment needed to carry out repairs of turbines and associated auxiliaries remain the same on the international market but has increased by about 100 per cent in the last three years arising from the devaluation of the naira.
Similarly, dollar shortages blamed on a 15-month currency peg removed on June 20 has raised import prices and inflation, with the economy contracting in the first quarter. This specifically could be a major reason the project could have been suspended.
“Given the fact that most of parts and equipment procured by the Gencos are sourced from outside the country, this has had significant impact on the Gencos’ purchasing power and inevitably on their ability to upgrade their various power plants,” the Gencos had said recently.

Ughelli experience may have informed decision
‘‘My suspicion is that the recent experiences with the Ughelli power plant (which was purchased by Transcorp some years ago) may have informed this decision, however minute,’’ said a power expert and partner with Bloomfield, Mr. Ayodele Oni.
Oni argued that it would appear that a critical issue leading to the suspension of its plans to develop the project is the shortage of gas supply, which would invariably lead to under-utilisation of the capacity of the power plants and apparently, there is no clear path to reaching a solution to the problem, which has been primarily caused by vandalism of pipelines in the Niger Delta region.
Although he said the government has been considering the concept of a virtual pipeline to ameliorate gas supply shortages, he added that a virtual pipeline system still requires some measure of investment and may not provide the sufficient gas required for such a large project, considering that there would be competition from other projects for the same gas.
But beyond that and consequent upon the challenges with gas supply, the Bloomfield partner said the power plant may not be operated at full capacity, and where that is the case, Transcorp may be unable to generate funds to service debt borrowed for the development of same. Based on the foregoing, he maintained that Transcorp is likely to eventually default on facilities procured for the power plants notwithstanding that such facilities may be of a limited recourse/project finance type. Hence, even the banks would be reluctant to provide the debt finance required for same.
‘‘Furthermore, the economic downturn has seen Transcorp’s earnings drop as it continues to be owed about N20 billion by the NBET Plc. It therefore appears that this is a business decision aimed at controlling any perceived losses that Transcorp may incur if it were to proceed with the project given the foregoing challenges. While it is instructive to note that ancillary costs have already been incurred, there is no doubt that Transcorp is of the view that the probable future losses it is likely to suffer, far supersede any ancillary costs already incurred,’’ he submitted.

http://www.iwin.org.ng/index.php/news/item/3669-http-www-nigeriatoday-ng-2016-08-transcorp-how-militants-scuttled-1bn-investment-for-1000mw-of-electricity

blueto:
What you just did was to provide an evidence that TSA was actually implemented by Jonathan in 2012 when it was “commenced,” so we can infer from here that Buhari was actually lying when he averred that Jonathan failed to implement the TSA.

I think you are the one that needs to stop following “blindly” .

thanks for your help

You must be an expert in reading backwards. Have a nice day.

blueto:
your assertions are baseless. What about the introduction of the Integrated Payroll and Personnel Information System (IPPIS), that helped to detect precisely 62,893 ghost workers from the system and saved the Nigerian government about$1.25 billion in the process?

The TSA introduced in his administration and wasn't opportuned to implement it because of a change of government which enabled Buhari to inherit one of Jonathan's innovations.

TSA had been sitting as a lame duck since it's pilot scheme in 2012.

"The pilot TSA scheme commenced in 2012 using a unified structure of accounting for 217 government Ministries, Departments and Agencies, MDAs, for accountability and transparency in public fund management."

http://www.premiumtimesng.com/features-and-interviews/199725-15-things-know-treasury-single-account-tsa.html

If you are going to support someone blindly at least do it with one eye open.

blueto:
seems you failed to read the article, hence this incognizant assertion. please read the article.

You incorrectly blame his media team. I correctly blame his atrophic balls (lack of will by quoting Ngozi) for not implementing anything preventing corruption. He was complicit hence the conflict of interest.

The fear of RNDA is the beginning of wisdom.

blueto:
this is it, people believe jonathan was ineffectual in the fight against because they weren't enlightened about them, and this blame can be attributed to Jonathan's media team. APC used their deceptive propaganda to make it seem Jonathan was ineffectual.

And it is factual that Buhari has done nothing to prevent corruption, he is just simply recovering looted funds. that is not a rational way of fighting corruption to me.

So explain the wide adoption of TSA by this government? Something Jonathan sat on for years.

Jonathan's method that was as ineffectual as the buffoon himself. Buhari's approach of "all of the above" is proving more effective. Though a jolt to the corruption laden economy, we are gradually finding a middle ground.

Are they crazy? Isn't this like the superstar governor from the SE? The only one performing?