₦airaland Forum

See all the story for 05 Honda. Where is the rear AC vents? Too many exergerations. If some one comes here and shout he was scammed... Then u start telling us bla bla bla

OreMI22:
Buhari is truly a dulllard.

He sent his soldiers to hijack innocent ship and try to blame it on Biafra protesters

Of course radio Biafra officials stated it clearly what Buhari had done.

All of a sudden, all the hostage takers escape miraculously and Buhari could not catch even one ?
This is the type of tales they expect you to believe because they think you are as dull as Oga Dullardinnho !

You ineffectual buffons are pathetic set of human beings. First you were ranting about how they will blow up the ship and how baba had to heed to their warning. Now the cowards are very much aware Baba can not be blackmailed to a corner... You are singing a different song.
This is what you will keep doing till 2023. I hope before then, you would have evolved from your childish hate.

TippyTop:
Why do these people use their wives or daughters?

For instance Buhari's Aisha was used to siphon money and was even indicted in the united states.

U think non ipobs have time for beer palor gists?

Since Falanas Epic response to NOI, she remained quite just as she did after Oshiomole asked her to answer questions rathan that beating around the bush

Surely her days her numbered!

Good job.

Good repainting

Good leather replacement

In fact good refurbishing..

Sweet car

AlPeter:
oga ade, na wa for you ooooo. Whose job is it to diversify the economy, the governors or NOI? The governors gave a clear reason for suing the FG, they said NOI and the FG were pilfering. How's the account was being depleted at alarming rates were there no sales during that period? Am sure if you were the governors you would've don same

U get time fir the wailer...i just free am. Make dem dey blame governors go.

Wisdomkosi:
how many apc members have effc arrested since the fight against corruption started? Or APC members are all Saints. I'm neutral, I'm neither PDP nor apc but truth must be told.

Who have been in power for 16years at the Federal level?

Nice ride. V6 just turned me off cos i am not a traveler. Whats the Final price though. Is it 08 or 09. 08 in the title, 09 in the body.

Eugenedimgba:
clearly,you hardly read.Thousands of Americans call Obama a terrorist,even to the point of CIA financing ISIS.Americans speak one language and share almost the same culture so no one talks about splitting up.This is Nigeria,made up of different ethnicities and religions.Americans swear in their president with "so help me God"....not Allah...you dummy.

I dont like beer palor gist. Can you prove CIA sponsors ISIS and whats the correlation with the discussion here?
Did thousands of Americans calling Obama set up radio equipments in the territory of the United States of America to preach their hate messages and broadcast false informations. Do you know this are techniques used when staging a coup against a sitting government? That is treason...stick that up your biased mind. There is a limit to what you call freedom of speech. And don't ever mention that American have almost thr same culture. The cow boy thing in Texas is very different from what you will find in Vegas. Besides how does this even relate to the subject. Kanu is a traitor and will be dealth with accordingly.

prico32:
Hi NLders, I & my Besty has been close friends for years now. She has been single all the years busy working, always told her she needed a man in her life but she didn't border letting any guy in, she always said she has me she doesnt need another man. Told her i'm her best friend but she needs someone that will treat her like a lover.

Most times when I use I & my fiance pix as my dp she starts giving me attitude & all that...

Recently she finally started dating someone & kept it away from me, I even asked her when I noticed, she denied at first & later admitted she was dating someone, I was angry with her for keeping such good news away from me & even lied when I asked.

I scolded her for it but later told her how happy I am. Since then she stopped talking to me or replying my chats. what should I do?

Keep cheating on your Fiancé emotionally in the name of Bestie....Bestie kor....

Iranu!

AAinEqGuinea:
Racists and radicals have been mocking and threatening Obama since the day he announced he was running for president and they're still running their mouths with paramilitary and secessionists rhetoric.. and guess how Obama responded?? He accomplished much and left the front door open for a Democrat to follow in his place while laughing in their faces. America is now ready for another Democrat.. in other words, in 2008, America was so fed up with Republicans that they voted in a Black guy with a muslim sounding name and America is still inclined to voting in another Democrat thanks to what Obama has accomplished, while being insistently mocked.

Learn to accept the fact that you will have determined dissenters.

You are a funny person. Buhari, Jonathan, Obj and the likes gets insulted everyday....all manner of things are said against them daily. Even here on NL we can see ow insults are hurled at Buhari. Habe any one been arrested to that effects? No!!!

But let an American, set up short radio waves and hang on masts to promote his hate speeches and threaten the sovereignty on America....and tell me that fellow will br ignored in the name of freedom of speech. These are techniques used in coups against a sitting government. My friend, ur leader committed treason.....live with it.

Eugenedimgba:
This is what a country were freedom is valued gives you unlike here,were court orders are trashed.

Let any American call America a Zoo and Obama a terrorist. Lrt any American preach hate messages and threaten the sovereignty of America and see him treates worse the Osama.

byrron:
If only you dug dipper down to year 2012

http://www.channelstv.com/2012/04/13/fg-blame-governors-for-depletion-of-excess-crude-account/


FG blame governors for depletion of excess crude account
Channels Television.
Updated April 13, 2012


The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has accused the state governor’s demand for distribution of the nation’s resources and opposition to the establishment of the Sovereign Wealth Fund, as the reasons for the depletion of the Excess Crude Account (ECA).

She noted that the withdrawal and sharing of the monthly allocation has depleted the excess crude account to just about $3.6 billion as against over $20 billion, saved in the reserve account in 2006.

The Minister warned that if the price of crude oil drops, the nation has no cushion for the economy because $3.6 billion is not enough to take the economy to any length of time.

Dr Okonjo-Iweala made these revelations at the first civil society forum organised by the Ministry of Finance on Thursday in Abuja.

According to the Minister, “the ECA and the Sovereign Wealth Fund (SWF) are very important, but we have the state governors saying no, we will only allow $1billion. In fact, we managed to get that, and now, they said it is illegal; and so, the country is not able to save in the ECA and we have left today in that account only about $3.6bn.”

“Every month, because they (the governors) say it is illegal, we have been dipping hands into it (ECA). Instead of moving that money into the sovereign wealth account, it is being shared until it is almost at the bottom” she said, adding that “the argument about the legality or illegality is a moot point because we have spent almost all the money.”

She further explained that “what that means is that should the price of oil drop today, we have no cushion because $3.6bn for this economy is not enough to take us to any length of time, and that was what I told them at the governors’ forum during the National Economic Council meeting the last time.” The governor’s forum is currently challenging the constitutionality of the Sovereign Wealth Fund in the court.

She also allayed fears that $1billion SWF would be mismanaged by the Federal Government, pointing out that the Sovereign Wealth Act which establishes the Fund adequately provides for accountability in its management.

Noting that fiscal federalism has created problems for the management of the Nigerian economy, Dr Okonjo-Iweala declared that “Nigeria, because of fiscal federalism cannot save.”

“The constitution says the President should manage the economy for the benefit of everybody. The decision to save is also part of the management of the economy for the benefit of the people of Nigeria. Every state can save but the Federal Government can save for all Nigerians. The governors can insist on accountability in the management of the SWF as a guarantee against their apprehension” she opined.

Emphasising the need for more savings, she noted that the crisis in Europe and the United States where about 60 per cent of the country’s crude oil is sold has made it difficult for the government to depend solely on oil revenue.

“This country depends on a product that is sold internationally and whatever happens there affects us. That is why we need to have savings. Sixty per cent of our oil is sold to the US and Europe, and these countries are facing big economic problems. For instance, the US has an unemployment rate of eight per cent; Spain, 24 per cent; and India, 9.9 per cent.

“So, if 60 per cent of our oil is sold to them, then we have a problem and any country that has great volatility such as ours will always have problem, and this will lead to crisis in the economy.”

Removal of fuel subsidy

The Minister also gave an indication that subsidy on petroleum products might be completely removed next year, noting that since the policy had failed in other major oil producing countries, its stoppage would enable the government to develop other key sectors of the economy..

Arguing that the complete withdrawal of fuel subsidy may be the answer to the protests by the governors over the current deductions from states monthly allocations, she stated that “on the basis of the fiscal responsibility and corruption, we found out that this subsidy cannot be sustained by the country, even Ghana that has just found oil has phased out the payment of subsidy because it found out that it could not sustain it. So, we must find other ways of solving this problem and cushioning this economy because we are still paying that subsidy, only that it is now partial.”

She added, “I subscribe to the subsidy phase out and I will tell you why. Nigerians have refused to acknowledge the fact that we are subsidising neighbouring countries like Niger and Chad, and we are allowing money to get to some corrupt people; but of course, there are genuine importers.

The Federal Government had on January 1, 2012 removed subsidy on petrol, leading to an increase in price from N65 per litre to N141. The removal led to social unrest and protests, which forced the government to reduce the price from N141 to N97 a litre.


YOU CAN FOOL SOME PEOPLE BUT DEFINITELY NOT EVERYONE.

NOI warned you all 4 yrs ago about the implication of sharing your excess revenue instead of saving and diversifying such funds but your governors said No and these same governors are the ones asking about the same money they shared and pretending as if they were not the ones that brought Nigeria into this present economic crises it is experiencing, they even went to court demanding that money should be shared instead of saving.

NIGERIANS HAVE BEEN SUFFERING FROM COLLECTIVE AMNESIA SINCE 1914, TRUTH SEEMS TO BE ABHORRED IN NIGERIA AND I HONESTLY DONT KNOW WHY.

Spare me all this long tales. She kept caliami g selfless service to the Nation but was paid in dollars. The honourable thing to do was to resign if she so much believed in integrity she keeps singing of rather than being part of the system that collapsed Nigeria. As at 2012, we had PDP governors as the majority. Out of 35 states how many opposition were in other states?

Kenobus:
you don't know what you are saying. NOI did a lot to block loop holes by implementing various automation for payment at the ports and MDAs, she raised non oil export collections to almost 50%. Go and check. Even Richard Quest of CNN acknowledged NOI as the best.

You guys remember CNN and recognize them...once any of their reporters decide to hail you gods or goddesses. That was Richard Quest's opinion.
But once its against any of your goddess/gods....CNN becomes demonized. All hail the Waililing Wailers

noblegrex:
see man,I don't know but whatever you called yourself or whoever you said you're I'm telling you categorically and basically that I don't know you but May almighty God BLESS YOU.infact I don't know what to say.for once I see someone with my reason.chai see ehnm.May your days be long.owww..chai,I mean, you're blessed. Infact just one gallon of palmwine and bush meat for you.ise eeeeee

Lol. I hail

mej67:
Dear op,

You simply demonstrated your ignorance. What is sustaining administration today are the pull ups from MDA 's that are stashed in TSA.

All ongoing infrastructure works are in limbo while the sums committed for them are being used to pay salaries.

Wait till TSA, which technically currently has what last administration saved/left, finishes then we talk again.

Very funny. Another beer parlor gist. Nigeria makes money every day. Revenue loop holes have been plugged. Money will keep on going into the TSA and there will be infrastructurural developments.TSA was technically not in existence till the administration came on board. To say it was money saved by past admin in TSA this admin is using is a bogus lie from you.

GreatAgb:
I am surprised you are still talking about that initial lie that has been roundly exposed to be what it is, a LIE.

What is the lie in nothing was met on ground?

razid:
Interesting at the underlined. $79 per barrel was the benchmark that was passed into law, but price of crude fell to $76 just like we are having a situation whereby $38 per barrel was proposed (not even passed into law) but the crude oil price is hovering around $30 per barrel. So much for the World Best Economists who are making so much noise about a benchmark that has not even be passed into law as if we have never had a situation whereby the executive will propose a benchmark and the legislators will change it to another.

Nna men....this people will stop at nothing to see Buhari fail! Forgetting that if Buhari fails....ordinary Nigerians like me yoy and them are the biggest loosers. This politicians have stashed so much money abroad....their children are abroad....while we keep defending them here.

Mynd44, lalasticlala i have seen attacks on APC and Mrs Adeosun grace FP on several occasions.
Why is this defence ignored.
That NOI attacked Oshiomole, Soludo and now Falana did not stop newspapers and media houses from publishing her attacks. Neither did it stop NL from publishing it on FP.
Cc seun

chiomzy86:
Yes he wants magic because that's what APC promised during their presidential campaign..

They promised change. They have 4 years to deliver. Wailing in less than a year wont change anything

INTROVERT:
This article would have made more sense if the OP did not seek to blatantly attack perceived enemies.

Where is the attack?

GreatAgb:
I asked you a simple question, what buffers have the present team put in place?

She said 2 key things

1. Block revenue leakages

2. Introduce economic buffers into the budget to cushion the effects.

So answer my question

I already answered u in my original post. Only the blind or the ones who choose not to see will not see....

Which are u...the Blind or the one that chose to be blind?

Redoil:
Let me pity ur ailing condition as an automatic zombie and ur bad janjawe.edian life by answering kwestion 4.
When okonjo and gej were crying blood telling nigeria to save for the hard times ahaed some of ur captians of zombie and ur janjawee.dian 5 star generals who are ameachi the air lord fashole the tomboy of tinubu who spent $85 million to buy an already existed site $150million in digging a borehole, oshiomole the go and die governor with opolo eye who spent over $200million marrying an ethiopian goddess, took gej to court and and shouted corruption of which you koboko69, gbawe the slum the dweller, beremx, omenka, passingshot, delgardo, demdem and all scam change agent were shouting kworruption. I pity you. Apc change

Clown...can you substantiate this your claims or u think we are having a beee parlour gist here?
What is real an authentic is that the Buffon openned the gates to our Commonwealth popularly known as Yams to.goats just for his 2nd term agenda.....

You can not deny that fact can you buffon?

GreatAgb:
This is an indication of the cluelessness of the present FG. Even before they got to power, the were aware of the tough times aheaD. They promised change. They came into power and yet the impact is growing by the day. What buffers have this govt put in place as sugGested by NOI?

On the economy, this govt has since slipped from grade D to E and are precariously at the edge of slipping to an epic Fail.

You want magic in less than one year? What was NOI looking at for 6 years? She expected oil to keep booming?

Bambless1:
APC slave! Detected!

We are not playing game boy here. This place is not for u.

Dear mynd44 lalasticlala and seun. Wailiing Wailers in not an abuse or insult and have been officially used by renowned writers and even the presidents media aide and have been published on news papers.

I am simply reminding with wailing wailers/ipob that their goddess was already making noise even when oil was still $75 per barrel and she specifically noted we were going to start feeling drop in oil prices NOV 2014. Oil have been dropping ever since then....hence Magician Buhari needs to be given more time

[size=15pt]Brace for tougher times ahead, Okonjo-Iweala tells Nigerians[/size] -NOV 2014

http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html

Nigerians should brace for tougher economic times ahead, the Minister of Finance, Ngozi Okonjo-Iweala, has said as crude oil prices slipped to a four year low on Wednesday.

New York Mercantile Exchange (NYMEX) December WTI oil futures sold at $75.20 per barrel on Wednesday, down $1.98, from $74.96 per barrel the previous day, the lowest level for a most-active contract since September 2010.

Though the price of sweet crude, the blend of oil export from Nigeria, rose marginally at the close of trading on Wednesday to $76.96 per barrel, it has already crashed below the $79 per barrel benchmark approved in the 2014 Appropriation Act, concerns are mounting that tough times are indeed ahead.

The Federal Government had attributed the declining revenues to the fall in prices at the international oil market.

After drawing from the ECA, Minister of State for Finance,
Bashir Yuguda, said the balance in the account had dropped further from $4.1 billion to about $1.34 billion at the moment.
But Mrs. Okonjo-Iweala said in Lagos on Tuesday that the economic indicators show there are tougher times ahead.

According to her, Nigeria would begin to feel the impact of the dropping oil prices at the international oil market, which commenced since the first half of the year.

“The country must brace up for tougher times ahead”, she said. “We need to review our expenditures and build economic buffers through budgets that would be based on modest oil prices.”

She underlined the importance of a sound macro-economic management to Nigeria at this time, particularly the need to plug all revenue leakages.

“We have not yet seen the impact of the falling oil prices in Nigeria. It will start this month. We have to drive the non-oil revenue base to be able to weather the storm that is coming,” the Minister said.

THE AIM OF DIGGING UP THIS ARTICLE:

Pleae note: Madam Okonjor made this assertions in November 2014.

1. This is to remind the Wailing Wailers who keep attacking the current minister of Finance that the ex Finance Minister whom they so much believe in and whom they believe would have been a messiah sounded the alarm of a very tough economy ahead even when oil was still as high as 76usd per barrel. Do I need to remind anyone the price of oil per barrel now?

2. The ex Minister of Finance only saw a need to block revenue leakages when Oil prices started dropping low. Was any action taken after her suggestion? No!!! Rather, despite the dwindling oil prices, CBN became am ATM to allies of the president, where raw Dollars/Naira where withdrawn/tansferred under the guise of phantom projects, bogus subsidy claims, arms procurements. Etc. Now we are suffering of dollar crunch.

Who came on board to block the leakages? The new Sheriff off course, President Buhari.

3. If at $76/per barrel, Madam Okonjor was already ringing bells, why do the Wailing Wailers expect a booming economy from a government which is less than a year in office, and currently selling oil at $28 per barrel? Rather than wailing, they should rather support the government in steps taken to move Nigeria forward.

4. Madam Okonjor needs to explain to Nigerians why Nigeria was not saving for the dry season when oil was sold well above $100 per barrel. What happened to all the revenues generated when oil was booming? We only had booming economy on papers, ordinary Nigerians never felt a booming economy under her watch.

To the Wailing Wailers:

President Buhari have succeeded in blocking a lot of revenue leakages, and is driving seriously for non oil revenue generations as it is evident in the changes made in the Nigeria Customs, FIRS, and the appointment of learned scholar Dr. kayode Fayemi as the minister of Solid minerals.Etc

We have also seen efforts to recover stolen money even though some term it political witch hunting. The almost dead EFCC whose duty was reduced to chasing Internet fraudsters popularly known as Yahoo boys have suddenly rosen up to their responsibilities. Fraudsters like Olisah Metuh, Dansuki and the likes are already feeling the heat.

Efforts to recover stollen money is also a form of blocking revenue leakages.

The fact remains that APC led government can not correct the 16 years rot of PDP in less than a year and it is illogical to blame the current economic woes on the newly elected president. Only the blind will not see President Buhari is really working to make Nigeria great again.

SO FAR SO GOOD, PRESIDENT BUHARI IS PERFORMING ECONOMIC MIRACLES, HE HAS NOT EVEN BORROWED TO PAY ANY SALARIES

God bless the Federal Rubublic of Nigeria

NB: I am a die hard APC supporter with No Apologies!!!!

jordyspices:
I think I would have still preferred this honourable woman to still be the minister of finance with her sound economic plan compared to the present one my opinion thol so pls pls pls dnt quote me

You want a woman that kept on lying that we are the biggest Econmy in Africa even when she was borrowing to pay salaries. may God forgive you

Judges will sit tight now and will reject any bribe offered them even if it is as attractive as cheese is to Mice.

cktheluckyman:
Oil price fell from 120 to N50 under GEJ yet the naira never went above N200 during GEJ 's regime, in barely seven months, the Nepa Bill certificate holder have shut down our currency to exchange for N305 to a dollar!! A government with no economic direction and an incompetent finance minister!!

Damn!! U guys are shameless liars. niara never exceeded 200? Like seriously? When oil was N50 under GEJ?

Firefire:
APC and media propaganda, all to show they are fighting corruption.

Sharap...u back from..Jail?