₦airaland Forum

addikt:
......??

They would have seen and noted it.

The SANs hired would sand all of those out.

justsayemma:
protesting from now till next year wont change d result, they should save themselves d stress and head to court.

Protest is not to change the results, but to make a bold statement so people get to know what actually transpired and guard against it subsequently.

Ejimagift:
Arrest them all. Paid PDP supporters trying to disrupt the peace we enjoy. Fayose didn't pay 6 months salary despite several allocations and bail out funds yet he expects civil servants to vote on empty stomach. The mumu governor must have taken ekiti indigenes as zombies for giving them 3k few days to election instead of paying salaries. Why didn't Apc defeat Willy Obiano in Anambra? Fayose dug his political grave with his greed and arrogance. I can't wait to see how fast he fades into political oblivion. Useless man.

What peace are you enjoying

Beautiful step.

Shut down the dead trap.
Fire all who were on duty.

What's really trendy about women competing to expose their bodies in the name of fashion?
It's rather unfashionable, outdated, disgusting and appalling.
#EndTheMarketing

Who for win before?

Mark my words, despite the harassment, intimidation and arrest of PDP members by Buhari's inhuman squad, PDP will still emerge victorious at the final result in Ekiti.

Buhari must go in 2019.

Nonsense.

As the federal government prepares to commence the implementation of its 2018 budget, Moody’s Investors Services Limited, one of the leading global rating agencies, has stated that the capital expenditure portion of the fiscal plan is unrealisable.



Moody’s Senior Analytical Advisor for Africa and the institution’s leading analyst for the region, Aurélien Mali, said this in a chat with THISDAY and pointed out that at most, only about 50 per cent of the capital expenditure could be implemented.

Nigeria’s 2018 Appropriation Act of N9.12 trillion was signed into law about three weeks ago. It provides N2.01 trillion for debt service, N3.51 trillion for recurrent expenditure and N2.87 trillion for capital expenditure, up from N2.36 trillion in 2017.



The capital spending accounted for 31.5 per cent of total federal government expenditure in 2018.

According to Mali, the perennial delays in passing the country’s budget for three years in a row was a demonstration of the institutional weakness in the country.

He said, “Budget is very important for allocation of resources and infrastructure development in the economy. So, delays to such an extent, three years in a row, is very unfortunate.

“To be perfectly clear, it was a large budget, but everybody knows that even though in nominal terms the capital expenditure increased, it is going to be under-realised and around 50 per cent mostly.

“So, the numbers are big, but the reality is that the budget objective is going to be lower than expected in terms of revenue. So, that mechanism is not efficient enough to drive development in Nigeria.”

According to him, for the budget to be used as a tool for stimulating economic growth, implementation of capital expenditure has to be at about 90 per cent.

Commenting on a recent Brookings Institution report that revealed that Nigeria had overtaken India as the country with the highest number of extremely poor persons in the world, Mali said alleviating poverty in Nigeria would be very difficult as long as the country’s Gross Domestic Product (GDP) remains below its demographic trend.

He said, “As long as Nigeria continues to grow below six per cent, the poverty level is not going to change, and the standard of living is not going to improve.

“So, you will continue to have income inequality that will continue to increase and overall it is going to be difficult to improve GDP per capita. There is still fragility in Nigeria’s economic recovery.

“While in Nigeria it seems the situation has stabilised, the reliance on hydrocarbon in the country would still pose challenges over the medium term if some reforms are not implemented.

“The revenue generation capacity will still be a weakness because the non-oil revenue remains weak in Nigeria.”

Meanwhile, analysts at FSDH Merchant Bank Limited have argued that considering the foreign exchange differential in the system, the Debt Management Office (DMO) has been under-reporting the country’s debt level.



Providing insights into a report titled, ‘Public Debt Vulnerable to Exchange Rate Movements,’ released by his firm at the weekend, the

Head of Research at FSDH Merchant Bank, Ayodele Akinwunmi, maintained that while the DMO uses N305 to a dollar to calculate the country’s debt level, the widely accepted rate in the foreign exchange market is N360 to a dollar.

Akinwunmi explained, “We are aware that the last Eurobond that the federal government borrowed, they did not convert the dollars to naira at N305 to a dollar. It was converted to naira at about N340 to a dollar.

“So, for example, if you have $1 billion that you converted at about N305 to a dollar, you will be reporting that you have N305 billion debt. But if you had converted it at N340 to a dollar, it means you have N340 billion debt.

“But we all know that the ruling exchange rate we have in the market today is in the region of N360 to a dollar. So, if you convert it at N360 to a dollar, it means you are under-reporting the debt by about N55 billion.

“So, when we looked at the total external debts that we have in dollars and we used N360 to a dollar, it means that the debt should have increased by about N1.2 trillion. So, rather than reporting total debt of N22 trillion, it should have been over N23 trillion.”

He added, “The International Monetary Fund and World Bank have been saying we should harmonise our exchange rate. So, if we are going to harmonise our exchange rate, there is no way we are going to go back to N305 to a dollar. Banks are not converting their assets at N305 to a dollar.”

The FSDH report anticipated that interest rates and yields in the global financial market would increase further as the normalisation of monetary policy in advanced countries continues. This development was expected to have two major implications.

According to the report, firstly, countries or corporates that plan to raise money from the international debt market may pay higher interest rates because of rising yields.

Secondly, countries in emerging markets may adjust the yields on their fixed income securities to sustain the interests of investors, both local and foreign, in the instruments.

The United States Federal Reserve increased interest rate by 25 basis points to 1.75 per cent to two per cent at its June 2018 meeting.

Failed APC

APC = Evil

You are already doing your second term.

This is the second time you are ruling Nigeria.

Do you really want two terms?

My 2cent advise to you is, you are a fluke. Quit now!

Is it true that two of your Aides are the ones calling the shorts for you in Aso Rock?

...

We deh watch

I'm waiting for Femi Adesina to come out tonclaim that this report is false.
He must do that, as usual.

Why will you arrest them.

Welldone, sir.

Continue to speak up against the rearing of Satan's ugly head.
God will continue to keep and strengthen you.
We shall overcome, soon.

Marketing.

True.

Ntooorrrr

ChiefAzubuike:
I wonder why this thug was arraigned in court and his case adjourned when he can clearly be judged of being a criminal by mere looking at his face. There are some people you don't think twice before locking them up for good.

What's the meaning of this thing you typed?
Did you even, at least read the thread topic?

Keep it now, while you can.

When he fails 2019 elections, it will become public knowledge.

This is terrible.
We can't continue this way.

blakid:
Speak for yourself woman, if this stupid man is our current president, then Nigeria would have been in economic recession COMA with no hope of recuperating. Mind you, i'm not a suppoter of Buhari's Administration, but he has atleast given us something to rely on "HOPE".

Speak for yourself, as well. There is no 'us' he has given hope to.

Even though I

supporter of the Peoples Democratic Party (PDP) in Kaduna State who is a former commissioner in the state is furious with the results of the local government elections held on Saturday in the state.



The supporter, Samaila Aliyu Makarfi in a statement circulated on the social media and backed by a video evidence, allegedly accusing the ruling All Progressives Congress (APC) of manufacturing the results read out and claiming it was the outcome of the polls.



In the statement titled: “OUTCOME OF THE LOCAL GOVERNMENT COUNCIL ELECTIONS IN MAKARFI

“BETWEEN REALITY AND EL- RUFAI’S DESPERATION” made available on Monday, Samaila who was a former Commissioner of Finance in the state described the results announced as untrue and misleading.





“In a desperate move by the ruling APC in Kaduna State to discredit Senator Ahmed Mohammed Makarfi in particular, and the PDP State Deputy Chairman, the PDP State Organizing Secry and host of other major stakeholders including my humble self that we did not win our wards and LG in the last Saturday’s 12/05/2018 LG SIECOM organized elections.



“This is completely untrue, misleading and mischievous.



“The PDP won the elections in Makarfi ward as well as in all the remaining 9 wards of Makarfi LG. But the ruling APC rigged the election. Some State officials and the LG sole administrator were visibly seen and caught with the Returning officers colluding to change the final results.



“Below is a video clip which shows how our votes were protected in Makarfi ward, Makarfi LG, Kaduna State during the sham that was referred to as elections.



“This Returning officer absconded from his duty post, just the same way other Returning officer did at all the polling centers where PDP had strength across the state.



“But the youths in Makarfi ward were not ready to let go until the Returning Officer was fished out from his hiding place unhurt to do his duty.



“Thanks to the security agencies for not compromising.

Video:

“The final outcome of the results in favour of the ruling APC and their vituperation were never unexpected, in the light of citizens general disdain for El-Rufa’i and the APC in Kaduna State,” he said
http://newnigeriannewspaper.com/kaduna-lg-polls-ex-commissioner-provides-evidence-of-apcs-announcement-of-fake-results/

Serves them right.

[quote author=jacyhelen post=67547063]We will vote PMB again..we must all suffer together!!!![/quote

Minus me.
I didn't vote for him before, I won't vote for him again.]

If they like

Prepare the corpses and take them to Aso Rock.

That's a clear opinion of a Fulani herdsman.
El-rufai, well done for being true to type.

Paid Psychophant