RichDad1:
The same people that supported Bello against Faleke just because they wanted to spit Tinubu are now crying 😂😂

That's a lie
APC has always supported Yahaya Bello especially for 2nd term
Or are you saying it's the opposition that voted him in for 2nd term

onatisi:
yahya Bello is a thief and likewise, all the other govs that served during the last dispensation, what Yahaya Bello stole may even be a child's play to what others stole and yet they are not been hounded. someone misappropriated over 30 billion in less than one year in office as a minister and yet she is still walking about freely, likewise many other politicians like that.
so the question is why is Yahaya Bello been hunted? anyone who believes Yahoo Bello is hiding is a novice in Naija politics, Yahya Bello is not hiding, efcc, police, DSS and all his associates know where he is staying and sleeping.

ALL THIS YAHYA BELLO EPISODE IS ALL POLITICAL IT HAS NOTHING AT ALL TO DO WITH ANY ANTI-CORRUPTION ISSUE.

how come the Yahya Bello issue is happening at the same time Ganduje is been suspended as APC chairman and having a running battle with some key APC members? it is a known fact that Yahay Belo wanted and still wants to be APC chairman. the political elites in APC are having their battle, all these issues is only meant to keep Yahaya bello busy and in check.
as per efcc, lolz believe them at your own peril. at the end of the day, it may turn out to be unfounded allegations and a media trial. no be today,efcc dey do am. i won't be surprised if they come out tomorrow and say that the figure is no longer 82 billion but just 10 billion and that Yahaya Bello has clarified everything.
all this episode is just politics, nothing more. once everything is set Yahya will resurface and continue attending functions all around.

ANYTIME YOU SEE EFCC RUNNING OR CHASING A POLITICIAN THAT BELONGS TO THE RULING PARTY OR EVEN ANY STRONG OPPOSITION, KNOW DEFINITELY IT IS A POLITICAL ISSUE,IT HAS NOTHING TO DO WITH ANY ANTI CORRUPTION CAMPAIGN

You might be right but that should not distract from the fact that the guy is dastardly evil and corrupt

adamusuleiman1:

https://punchng.com/even-airport-puff-puff-sellers-claim-to-be-aviation-experts-in-nigeria-keyamo/

But you're not an expert yourself, yet you're minister and you're asking for a debate

Kosisochukwu12:


Source : https://politicsnigeria.com/transport-fare-skyrocket-as-fuel-scarcity-hits-abuja-five-states/

Five states ke

It's nationwide

Oyo state is worse

aguluobi:
You need to add that after the contractor cashed the check n carried it with Peter Obi governor's convoy, on arriving to Lagos he did not take the cash to his office or his own house but instead proceeded to Peter Obi warehouse at Orile in Lagos where Marvel Akpoyibo who was the then commissioner of police in Lagos state caught them with the money red handed.

You then add that they were calling back n fort to save themselves from impending jail till Peter Obi called Mike Okiro who was his tribesmen an Igbo from River state who pleaded or instructed the commissioner to not jail Peter Obi n all those involved to save face.

The full story is below no be me write am ba vanguard.


https://www.vanguardngr.com/2009/07/alleged-n250m-anambra-money-police-launches-fresh-investigation

Jail a sitting gov
You have peas for brain

BetaThings:


These are facts
When President Buhari took over
23 states owed salaries
FG was borrowing to pay salary
Nigerian military was ill-equipped and Boko Haram could bomb anywhere they liked in Abuja
Infact no school, hotel, office, mosque, church could open in Abuja if they didn't have a bomb scanner

Globally, there was 10 year resource boom (2004 - 2014) in oil industry. This was all squandered by PDP
As soon as oil price crashed in 2014, GDP growth started declining under Jonathan

Jonathan boasted in 2011 that he would go into exile if he didn't build 2nd Niger bridge
By 2015, he had spent only N10b on what he proposed would be a N120b project

If you can dispute any of these, I will donate N50,000 to any charity or person you choose

Have the 23 states stopped owing salaries now?
FG borrowed to pay salaries from when to when?
How has security improved generally since then?
You lie!! 2004, oil price was below $41, 2005, $56, 2006, $66, 2007, $72 and 2009, $61.
2nd Niger bridge was a PPP with FG providing only 15% of funding so FG funding was not the reason for the delay.

Now you have to donate that money to charity.

Faceonme1443:
Jonathan met 65 billion dollars in the foreign reserve and wasted over 35billion dollars out of it. Bihari Meet meagre 28 billion dollars. Buhari added around 5 billion dollars leaving 33 billion dollars in the reserve. Anytime You guys want to glorify Jonathan Administration, always remember that he wasted 35 billion dollars in less than 6 years. Jonathan Administration did not add one dollar to the foreign reserve.

Stop being clever by half
PDP met foreign reserve at less than $5bn and left it at $32bn. That's an addition of $27bn net. Besides that, they left $2.1bn in ECA which did not exist in 1999, another $2.1bn in NLNG dividend account and SWF of $1bn.
Overall, PDP left $37bn max in reserve.
So explain now how APC has improved it

grandstar:


The project cost is 2.8tr.

Where do you guys keep finding thos ludicrous 15tr?

The minter of works said so and the 15trn is minus the rail cost

grandstar:


What many of you fail to understand is that to repair an economy like Nigeria after the way Buhari left it would require about 2 years to adjust before the economy starts growing fast again.

The primary reason ehy the economy collapsed under Buhari was his obsession of fixing the exchange rate at a price that did not reflect its market value. He foolishly thought wicked economists and Central banks fix exchange rates. He wondered why they would devalue a currency so that people would suffer. It is actually market forces.

The senseless fixing lead not only to artificial scarcity of forex but also to roundtripping where a privilege class bought forex at the unrealistic official exchange rate of let's say 440 and sell at the parallel rate of 630. The gap between these two markets was a huge source of corruption and many bankers such as a recently deceased one, made fortunes from it.

The floating of the Naira has destroyed that gap. Now, the parallel market rate is even lower than the official rate.

Tinubus determination to end this economic abomination was what lead to the floating of the Naira. This has finally lead to

Even you don't know where it has led to

The difference in approach between Tinubu and Buhari to the question of exchange rate is a reflection of the difference in resources and not necessarily what's best for the country.

While Buhari does not have access to dollars in huge amounts, he does not therefore understand why a leader will deliberately hurt his country's currency just to satisfy what he perceived as elite interest.
A man with access to dollars on the other hand will see devaluation as a good thing. Monetary policies require stringent management whichever way you decide to go.

stepaside1:
The previous Nigerian GDP estimates were based on artificially fixed exchange rates. The rates were artificial, arbitrary and bore no resemblance with reality. It encouraged roundtripping, massive corruption and discouraged investment and growth.

Now that the forex regime is liberalised and in tune with reality, watch how growth and investments will be unleashed. I am not concerned with short term slips from the summit but excited by the potential. The bigger picture is that we are chasing a $1trillion economy in 8yrs or so. Let us come back to this discussion in two year's time

Zombie!! 🧟‍♀️ 🧟‍♀️ 🧟‍♀️
The previous high GDP was bad
The present low GDP is good
The present GDP growth rate of 3% will magically give us $1trn in 8 years.
It's obvious you are poor at maths

Zxcvbnmghtr:
If you are from a poverty ridden family no government may be able to help you grow economically. It is what it is. IF YOU ARE POOR, YOU ARE POOR.

The ironic thing is that majority of your party's votes come from the poorest areas of the country
Yet you're mocking them for their political choices

I thought Zombies said new companies will spring up to replace the pharmas that exited because they couldn't innovate

Mohisah:
Loot and wrk is better o!
Kogi state Gov went away with 82bn, d Capital of d state looks like Abuja in 1800.

Lootin is not advisable, but u can't leave commiting sins at once in an underdeveloped Nation

But it doesn't make looting less of a crime

grandstar:


Did an export boom not commence when the Naira tumbled? Where there not trailer load of foodstuff and other items being exported to neighboring countries?

An investment boom with massive inflows of both foreign direct and portfolio investment would have followed suit which would boost economic output and capacity. It would create lots of jobs and begin to eat away at the legion of the unemployed and underemployed.

Nigeria's growth will mirror that of China. It's growth has large been fuelled by investment and exports, and not consumer spending. .

The truth is that an investment boom will eventually lead to stronger Naira as huge forex inflows boost the value the local currency.

Export boom or smuggling. The smuggling has always existed. It just changed course in relation with who was holding the shorter end of the stick in terms of currency value and some people picked it up as "exports".
Are you aware Nigeria's export has exceeded imports since 2022 according to NBS?
You didn't attempt any of the posers just jumped to China. China did not remove subsidies to attract investment. As a matter of fact, China even increased subsidies.
There's no nexus between removal of subsidies and investment. It's just propaganda to make subsidy removal look like a solution whereas it's a problem. One of Nigeria economic fundamentals is subsidy. You may not like that but that's what it is and that's what events have shown.
While we were at how subsidy prevents investment, Dangote refinery was birthed and completed in the midst of subsidy. Same with like 5 modular refineries. Thus, there's no fact to back up the claim that subsidy removal drives investment.

aguluobi:
Sebi Peter Pandora Obi is not a looter yet he was caught looting severally with his governor's convoy.

Oh shut up!!

Mohisah:
Work n loot or loot n don't perform, which wld u prefer? Allow him to work instead of seekin for perfect man

Looting is a crime not an imperfection

Though he's a looters, he seems to be doing some good

This is an interesting scenario .. it remains to be seen if SIEC will implement the provisions of the new law.
Also who will extend the tenure of the LG formally? Is it the House or it is automatic?

This answers the question of who are the true reflection of society between the leaders and the followers.
I have always held that the leaders lead by example while a different school says the leaders are simply a reflection of the society.
From this thread, there's a claim that Odili was the first beneficiary of this kind of set up. I guess then, it flew over the average man's head and most would have seen it that as a reward for hard work.
Today, most are aware it's simply a case of putting your own people at the table.
So, in a few years, the prevailing trend in society will be ensuring you put your own at the judicial table.
Then it will be labelled another form of corruption which needs to be stamped out.
That's how leaders influence society

heysquare:

What is your foreign reserves meant for? Is it for embezzlement if not to defend your currency. And you people continue shouting that the reserve is depleting when NNPCL has not been remitting any money for a while now because they've sold crude oil in advance and the contract will only expired by June before they could even supply Dangote and other interested buyer and then they will have more remittance to the reserve

These are lies
Nnpc is remitting
Nnpc supplied Dangote
Nnpc did not sell crude in advance
Nnpc had 13 cargoes looking for buyers as at last week

grandstar:
The true value of the Naira sits between 1,300-1,400 based on present fundamentals. Anything stronger will harm the economy. It seems Tinubu is more perturbed about a loss of face over a dwindling Naira than accepting reality.

The nation needs to reinvent it. The dependence on crude oil sales for the bulk of the countryš forex is a scourge and needs to end.

The focus now should be an "export or perish" mantra. The desperate clinging to a strong Naira policy will adversely affect exports growth.

The government's goal should be to triple exports within 10 years, the majority being non-oil.

It can only achieve this by deregulating the price of petrol which will induce massive investment into the downstream sector of the economy which has for long suffered a dearth of investment due to the subsidizing of fuel.

Next, should be the deregulation of electricity prices. Let's Discos charge cost reflective tariffs, so huge investments will flood into power generation and distribution to ensure ample power supply for new factories and businesses popping up.

Next should be the lowering of companies tax to less than 20%. Low corporate taxes have positive transformative economic as they lead to a surge in investments, both foreign and local boosting economic growth to the heavens. It's what many Central European countries in the EU have long implemented and with superb results.

More reforms are needed but this should be a start.

How did you arrive at 1300 to 1400 figure?
What are the fundamentals?
You also seem to imply that raising cost of living and doing business will push us closer to an exporting nation. How will that work?
How does business thrive in an environment where purchasing power is abysmal and there's less incentive to save or invest

nairalanda1:
[s]We are not ripe for state police.

Ultimately, the problem is funding for me. All my other objections, I have dismissed them, even the tribalism and religion one. If state police is going to be tribalistic, they will end up losing investors. Bad news. SO, state police is going to work.

But funding is a big problem. A BIG PROBLEM. States that most cannot pay the current mininum wage, talkless new wage...are now going to fund state police. Okay. Either state starts charging everyone tax...which I know Nigerians don't like, or they take loan, and more loan. (Forget federal funding. ).

We too dey like copy other countries. Yes, USA Has state police, and also USA has a diversifed economy with everyone..almost everyone...paying taxes. Not like Nigeria where most of us do not pay tax. Even the one we pay, can only cover 20% of our income. We are not funding our National police force well enough...we spend less than one tenth what New York CITY (Not the state ) spends to police 200 million people. It's a miracle we have not crashed into anarchy by now. Yet we expect the NPF to perform like NYPD. Na magic thinking be that.

If I suggest we should do things like pay tax, remove subsides to find more money, and so forth, people will abuse me. Yet people are here calling for state police that their state cannot fund. Some will even call for regions to come back so that we can have regional police...it's like people do not know why we have states, and no, it is not because of Gowon. State issues started in the first republic...that is why we ended up with Midwestern region...and we would have even gotten middle belt region if not for the 66 coup.

LIke now, Zamfara state is poor, broke and has a massive kidnapping problem and bandit issue. It needs a state police that is well armed, and has things like drones, aeroplanes, tactical gear, good arms, and specialist commando style police. How is it going to be funded? From the state's brokeass funds. Same for kaduna. Lagos needs a proper urban force...HECK, Lagos needs a police force like the NYPD , with funding of 10 billion dollars or more per annum...otherwise it would be ineffective. Borno, we know. Even Anambra and Enugu need a well funded force...with esn. I haven't mentioned fulani herdsmen issues...you need something like a well armed police force AND a well armed specialist SPESTNAZ (google it) type force. Otherwise, wahala go start.

I tell you, unless we are ready to make some tough sacrfices, instead of expecting oil money to cover everything....we can't have state police. God knows, I wish it was otherwise. We never even adequately fund our own police force self...with wretched housing on top.

Are we all ready to pay half our income, including people in villages, and poor city dwellers...in tax, to ensure that we get a well functioning state police. And please, that thing called security vote....e no fit fund am. [/s]

You yarned trash!!

ppogba:
If you believed Wike shared $2m, you do not need anyone to tell you how idiotic you are.

But you believed Diezani bought bra worth millions of dollars
Hypocrite

Paraman:
It's expected to fall after we devalued our currency twice.

I will love to see the GDP in naira for the last 15 years.

Egypt was ahead of south Africa before, but after devaluing their currency, the SA took over the Egyptian position

There's always an excuse for failure
If you devalue your currency? How does that drop your GDP if it does not affect manufacturing of goods and services?

[quote author=opamoses1 post=129563380][/quote]
Tell your govt to supply power for the pump
The fool never took picture to call attention to lack of water in that vicinity before Obi came
But he now has transport to locate the vicinity when he was not even invited
Typical APC rat
Poverty excites them like orgasm

Britishpea:


I am a die hard fan of Tinubu but I don’t defend don’t defend them blindly.

I can categorically tell you that you are talking nonsense. As of today, that ministry was better under pantami than Bosun. Bosun still appears clueless so far.

Hahahaha
Better indeed
Who remembers NIN-SIM linkage
How is it going now
You need to shut ur hole man

Bosun Tijani is a scam
Pantami is a religious fanatic posing as a tech hotshot
APC is a coven of failures

I'm surprised at Debo Adeniran
I used to see him as a serious anti- corruption activist

Think9ja:
With the way Nigeria is currently structured, any sitting executive that loses any election in which hes a candidate in, is a big, stupid fool. How can Lucky not be leading when he has state resources at his disposal.

Thats why i laugh whenever all these gbajue people always talk about 2027.

No merger can oust Tinubu. Tinubu is not foolish and weak like Jonathan. Atiku himself knows its time up for him already.

The best time to stop Tinubu was last election because rumor had it then that even Buhari was not in support of him.
But Obi and his children just made it easy for him. Obi did Tinubu a lifetime favour.

As for 2027, just forget about it

Congratulations to Lucky and yea, i will soon be Lucky

Just imagine the nonsense you're writing
Tomorrow you'll say you're "lovers of Nigeria"

Naira is not strong
Naira is still weak
An increase in value that's based on reserve drawdown is not a sign of strength but weakness
Numerically, over N1000 to a $1 is not good news. It is bad news for the real and manufacturing economy.

Most rice in that axis smuggled

Local rice is still not coming down

Very bad here band it

Pwr has gotten progressively worse in the last couple of months

Fuel scarcity is beginning to show up too