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KunleOshob's Posts

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Business › Re: Before You Buy,Dangote pls read. by KunleOshob(m): 8:35am On May 28, 2010
Arsenal is actually the third richest and most profitable club in the world, the shares are hot cake and in very high demand. Arsenal is set to declare a profit of £56 million pounds for the last season and pay dividends to the owners, you can't make a better investment in football than that.
Politics › Re: General Buhari Greatest Leader We Have Had In Last 40years! by KunleOshob(m): 8:26am On May 28, 2010
The so called achievements of buhari were actually idiagbons initiatives. It was idiagbon doing all the work in that govt. Buhari was just a dumb figure head. Besides the zealot is a religious fanatic and a chronic tribalist. His looting record in his days as PTF chairman is still there, so let no one try and paint him as a saint or good leader.
Christianity Etc › Re: Does A Pastor Trully Need A Private Jet ? by KunleOshob(m): 7:50am On May 26, 2010
^^^ chei, ROFLMAO nuclearboy don kill me grin still in stiches.
Christianity Etc › Re: Between Pentecostalism And Word Of Faith Movement by KunleOshob(m): 7:38am On May 26, 2010
Word of faith carries the pentecostal mis-conceptions to the extreme with the solo aim of dominating the lives of their members, whilst fleecing them and getting rich in the process throught the greedy and self serving manipulation of the word of God.
Christianity Etc › Re: Does A Pastor Trully Need A Private Jet ? by KunleOshob(m): 6:06pm On May 25, 2010
@nuclearboy
The problem is that Nigerian churches in diaspora also serve as a sort of social platform were nigerians can meet regularly with other nigerians. As such the real attraction to most of these churches is the social benefit and not necessarily spiritual/religious.
Christianity Etc › Re: Why Was The Gospel And Epistle Of Barnabas Exqunged From The Bible? by KunleOshob(m): 11:08am On May 25, 2010
The gospel of barnabas is glaringly a fake as it was not known to exist before the 18th century several centuries after the bible was compiled. It is believed to have been written by some mohamedans promting the muslim agenda and version of the life of christ.
Christianity Etc › Re: What Is Wrong With Religion? by KunleOshob(m): 1:40pm On May 20, 2010
What is being practised in most instances is false religion, below is how the bible defines religion should be:
True and pure religion in the sight of God the father is to take care of the widows and orphans[needy] in their affliction and to keep one's self uncorrupted from the world. James 1:27
Christianity Etc › Re: They Have Invaded Nairaland! by KunleOshob(m): 7:46am On May 18, 2010
The truth is already out, they can never stop the truth about the word of God from being known.
Christianity Etc › Re: The Close Encounters In The Bible by KunleOshob(m): 1:38pm On May 14, 2010
Taking a second look at some of the biblical events, one cannot completely rule out what we might term today as extra terrestrial intervention or intervention by and advanced human race. We have to take into consideration that the ancient writers of biblical events wrote them down trhe way they understood it with their limited vocabulary, thus the way they would describe phenomenal events then would obviously be different to the way we would describe them today. Ezekiel's wheel would definitely be labelled a UFO if it was seen today. But seriously extra-terrestrial intervetion cannot be ruled out of the human history as there are various accounts from all over the world of such beings coming from above whom the ancients described as gods/ angels. I believe it is something worth investigating further as it could actually put a lot of things into clearer perpective if properly grasped.
Christianity Etc › Re: What Is Your Take On Obasanjo's Comment by KunleOshob(m): 3:47pm On May 07, 2010
Obasanjo never used used the term "credible elections" what he said was "undisputed election" which means two totally different things. He was not in anyway way denigrating Jesus, rather what he was trying to say is that politicians would always dispute elections no matter how credible it is.
Christianity Etc › Re: The Lessons Of Giving And The Hypocrites! by KunleOshob(m): 8:37am On May 06, 2010
^^^ obviously malachi grin some mumus just love living under a curse whilst denying the saving grace of Jesus.
Christianity Etc › Re: The Truth About Christ Embassy Healing School by KunleOshob(m): 12:52pm On May 05, 2010
All my instincts are telling me that this character that goes by the user I.D "Kenyan 28" is a pure fake  angry An I.D that was created to give credence to the scams going on at various CEC scam centres. What is the use of giving useless information concerning your healing that you know we can not independently verify  huh Or do is someone supposed to go to South Africa to verify your claims? As far as i am concerned the character is a long standing CEC adherent who as be trained / brainwashed to tell lies to further the earthly kingdom of oyakhilome. Her language and use of words is too synonymous to CEC plc adherents.
Christianity Etc › Re: The Truth About Christ Embassy Healing School by KunleOshob(m): 11:58am On May 05, 2010
donnie:
where are sirJohn n Kunleosob?. . . Hello. . .
Pls kp the replies comin in. . . This thread must make it to d front page. Lol
All liers shall have their part in the lake if FIRE!
Go by the foregoing it means your pastor and yourself inclusive would really have a huge humongous part in the lake of fire.
Politics › Re: Funding massive Infrastructure Developments in Nigeria by KunleOshob(m): 9:53am On May 05, 2010
The real source of gwoth for any economy lies in productivity, i.e human resources. For us to develpoe w need to be much more productive than we currently are. Real wealth lies in productivity of the people.
Politics › Re: Lets Rally Round To Support Donald Duke For President Come 2011 by KunleOshob(op): 9:10am On May 05, 2010
dayokanu:
Anyone but IBB
Dayo that's not good enough, we Nigerian youth need to be proactive in choosing our leaders, only the best would do. Our future and our children's future is at stake.
Christianity Etc › Re: The Lessons Of Giving And The Hypocrites! by KunleOshob(m): 8:45am On May 05, 2010
noetic17:
why not address the posers he raised.
P.S , . . , I have a bowl of yoghurt here eagerly awaiting an EXPLOSIVE encounter here. This thread promises to be good. grin
What's there to address in the posers raised  huh you and i know that we have been through this several times on NL and all this talk about giving to pastors/church is derived mostly from manipulating scriptures. We have thrashed out this issue several times on this forum an i simply don't have the enery for another merry go round. The scripturesis very clear, christian giving is primarily targeted at the poor and the needy, even church collections by the apostles was meant for the needy and not for the apostles themselves. They also warned us of those that would use the gospel to make money from us, which is now very rampant today and you still want me to be giving heretics like tonye audience  angry
Christianity Etc › Re: The Lessons Of Giving And The Hypocrites! by KunleOshob(m): 5:57pm On May 04, 2010
Daft, useless and dubious thread posted by a hypocrite. angry
Politics › Re: My resignation from the PDP....Donald Duke by KunleOshob(m): 10:44am On May 04, 2010
Politics › Re: Funding massive Infrastructure Developments in Nigeria by KunleOshob(m): 10:33am On May 04, 2010
@Naijaking
Nic submission, but i still think our oil revenue can be better harnessed and managed as the govt is not trying to do with the "local content bill" and the "PIB" of course this would not eliminate corruption but at least is a step in the right direction. Eventually i believe the Govt should sell it's stake in the oil producing companies and concentrate on taxes and royalties for it's revenue. this would also reduce corruption in the system.
Christianity Etc › Re: What It Means To Be "born Again"! by KunleOshob(m): 10:13am On May 04, 2010
newmi:
Enigma, KunleOshob, InesQor, nuclearboy, aletheia
l wish to throw simple note of warning to all of my respected discussants especially to those whose names are on the roll call above, You don't any reward for aguing and rainning insults no rather you get a reward for the record of souls whose salvation can be acredited your account.

for me a particular note of ineterest is that, of what use it is to the body of christ that a man with all of the supposed resource of knowledge either acquired or obtained by divine revelation still what really counts to Father God-souls is not considered.

The kingdom of darkness is working tirelessly and relentlessly round the clock to lure as many as possible to hell knowing that he has but a short time while the majority of us seat here and expend useful enegies aguing and plexing the strength of knowledge without a view on eternal values. If you repectable men think that "its a book of error" then write your own and get busy winning souls thus enhancing your relevance to the body.

infact quit this waste of precious God-given time and go prove the quality of your understanding of scriptures by presenting fruits of the communication of your faith.

he who has an ear let him,
On the contrary CEC is not winning souls for christ rather it is leading christians away from the true gospel and winning members customers for their chuchbusiness. You can't be preaching another gospel contrary to the teachings of Christ and the apostles and claim to be winning souls for christ, it simply is not possible. Jesus christ even said it that many would come in his name, preach in his name, do miracles in his name but he would still cast them out beocs they are workers of iniquity and they have gone contrary to his teachings like Oyaks is doing today. If i preach the truth on this forum and even if it is only one member of CEC that realises the truth, repents and turns to God then i would have performed my duty as a christian by winning a soul into the kingdom.
Politics › Re: Lets Rally Round To Support Donald Duke For President Come 2011 by KunleOshob(op): 9:18am On May 04, 2010
ola olabiy:
who is this kunleoshob?
is donald duke not a thief?
who do you think you are kidding?
foot soldiers like you are the problem of nigeria.
Ignorance and stupidity being display with such arrogance, this is one of the very few governors given a clean bill of health when the efcc investigated all governors in 2006, even afer that when political vermins made false allegations against him he came out and cleared his name, yet an ignoramus like you is ranting rubbish all over NL. People like me are campaigning for this great visionary becos we want to see this country rise to become a great nation and we can all collectively have a better future, whilst you are sitting down making baseless allegations.

@Others
If we fail to act now and support someone who can genuinely move this country forward,we would only have ourselves to blame if the IBBs and Atikus of this world are allowed to seize power and put this coutry in reverse gear again. I am yet to see a better and more competent prson with proven track record present himself for presidency than Donald Duke, if i do i would be willing to equally support such a person.
Politics › Re: Funding massive Infrastructure Developments in Nigeria by KunleOshob(m): 9:04am On May 04, 2010
Even though i advocate strongly that Nigeria looks at other ways of generating income apart from oil, we cannot not ignore the fact that oil is still the main stay of our economy. The sad thing however is that Nigeria as a country is yet to fully reap the benefits of the oil we are producing as most of the revenue from this oil ends up in foreign hands. It is heart warming that goverment is finally taking steps to correct this anormally through the "local content bill" and the "Petroleum industry bill". Through these laws alot of the money generated in the industry would be retained in the economy. Forinstance $18 billion dollars is spent yearly on servicing the petroleum industry in Nigeria most of this money finds it way to foreign companies but with the bill Nigerian companies would be given priority and in cases were Nigerian companies don't have th technical expertize to handle such jobs the foreign companies contracted would be made to do it in concert with local ones thereby ensuring technology transfer. Through the PIB Goverment stands to derive a lot more revenue from our oil and gas concessions and it has been estimated that if both bills are well implemented and executed, Nigeria stands to retain as much as $40billion in the ecnomy each year and also significantly increase our GDP through a good number of multiplier effects along the value chain in the economy. With this money retained in the economy and a vibrant financial system, a lot of money would then be available for massive infrastructural development. We just need good leadership to harness these huge rsources at our disposal to develop our country. I beleive with good strong leadership Nigeria has the potential to overtake south africa within Ten years. That is why must rally round support for a great visionary like Donald Duke wink to the leadership position in This country come 2011.
Politics › Re: Funding massive Infrastructure Developments in Nigeria by KunleOshob(m): 3:51pm On May 03, 2010
@knowlittle
Creation of additional states is retrogressive as it would live less money for infrastructural development which we really need and increase administrative and running costs of goverment which is already way to high in this country. Of the 36 states in this country only two can be said to be self sufficient without federal goverment allocations. I am sure if you removed the lucre of fedeeral allocations and states had to sweat to raise their IGR this insne talk of additional states would not be so loud. Infact i believe we should go back to true federalism were each state would be made to generate it's own revenue whilst contributing to the centre[instead of vice versa as we have now] but then this would call for 100% resource control which the hawks in goverment especially the parasitic Northerners would rather die than allow.
Politics › Re: Lets Rally Round To Support Donald Duke For President Come 2011 by KunleOshob(op): 1:44pm On May 03, 2010
@Ajanlekoko
Below is just a few of hie numerous avhievements in cross rivers

The Donald Duke Legacy
by Yemi Ogunbiyi

While working as an editor of a book on the Donald Duke years as Governor of Cross River State, Dr. Olaokun Soyinka, who was co-editor, and I, agonised about the choice of a proper title for the book. After a series of deliberations, we settled for: Doing the Right Thing: The Donald Duke Years. The first four words of the title were not original. They had come from the text of a Donald Duke interview with journalists in which he had said that the best guarantee for success in public service was to do the right thing always.

In retrospect now, as one attempts a brief review of Duke's legacy, the choice of that title seems most apt because it captures, it seems, not only the essence of his monumental achievements as two-term Governor of Cross River State, but also the general public's perception of that success. Yet, unless some facts about Duke's achievements are properly situated within the larger context of what can truly be referred to as Duke's 'eight-year wonder' at Cross River State, he might be remembered more for his achievements in Eco-tourism and other related areas than for the unprecedented solid foundation for enduring development, growth and prosperity that he laid for the state.

The very first thing he did upon being sworn in as Governor in 1999 was to deploy an Economic Blueprint, which outlined his Development agenda and vision for the state. Not surprisingly, the document bore all the signs of years of gestation. This Blueprint was anchored upon a deceptively simple set of prerequisites for development ----- the provision of sound minds and healthy bodies for the populace. In other words, if government provides education, training and infrastructure for the people and keeps them healthy, they will become economically productive.

A second major plank of this Blueprint was the enactment of a unique public-private partnership model for growing major sectors of the economy, especially the sectors where the state had comparative advantage, such as agriculture and tourism. To further drive this Blueprint, the government took two key decisions. One, it adopted an unprecedented performance tracking mechanism that was to benchmark the state's performance in the key socio-economic development areas. Secondly, it decided to set aside N50 million as strategic reserve out of its meagre monthly allocation from the Federation Account for use in emergency situations. Taken together, these broad objectives led, as will be shown presently, to one of the most ambitious investment drives of any state in the history of the country.

For instance, in agriculture, which was to become a major anchor of Duke's development agenda, in the first four years of the administration, Cross River State leapfrogged from subsistence agriculture to large scale commercial farming such that the state became a major producer of pineapple, cashew, cocoa and, of course, oil palm. Working closely with Palm Oil Research Institute of Malaysia, our own NIFOR in Benin and other private investors, the oil palm business blossomed into a major industry. Similarly, the pineapple project became a huge success, leading to the establishment of a pineapple processing plant at the Calabar Export Free zone.

The plant has since been privatised and taken over by Dansa Food Processing Industry. Also, in the first four years of the life of the Duke administration, Cross River went from being the sixth largest producer of cocoa, nation-wide to the second. As I write, Cross River State produces about 20 per cent of the total national tonnage of cassava. These figures did not exist before 1999.

But, perhaps, the most unique feature of Duke's agricultural policy was the judicious combination of micro and macro schemes to create poverty alleviation strategies which were to have immediate impact on the fortunes of the poor. To take one of several examples, in 2005, for instance, the state, under a turnkey agreement with private investors, took delivery of Bee-keeping equipment and honey processing machines that would produce some 50,000kg of honey annually on the Obudu Ranch. Under the agreement, 25 trainers and 400 farmers were to be trained in modern bee-keeping techniques, with Beehives imported from South Africa. When fully operational, the factory will create a diversification of skill, as it can also process other by-products such as wax into candles. This model was successfully extended to fish-farming and live-stock delivery.

This same drive permeated other aspects of Duke's ambitious plan in education, infrastructure, urban regeneration, and health. Unfortunately, the constraints of space would not permit a detailed look at these areas. But sketches will survive to provide insights into an enviable legacy of commitment and service. For instance, in early 2000, Duke convened a state-wide Education Summit. Among other recommendations, the Summit called for a surgical and multifaceted approach to the crisis of education in the state and the amalgamation of all the tertiary institutions in the state into one Centre of Excellence.

The implementation of the latter decision led to the creation of Cross River University of Technology (CRUTECH). To ensure that CRUTECH meets the objective of harmonising local standards with global academic benchmarks, its intakes from secondary and primary schools had to be properly equipped. Accordingly, under a diligently pursued, state-wide universal free primary education scheme, the state wrote, printed and distributed text books to primary and secondary schools, virtually free of charge, perhaps, the only state on record to do so in the federation. And to complete the final education jigsaw, the state embarked on a massive incentive programme for school teachers by introducing handsome tax exemption packages, 'difficult station allowances,' mobility allowances and prompt promotion for teachers.

While the full impact of these innovations are yet to be felt, it is sufficient merely to state that already some dramatic results are beginning to be seen. Not only have JAMB results improved dramatically throughout the state, two Cross-Riverians, both graduates from the last CRUTECH batch, have recently secured admission to two Ivy League universities in the United States for post-graduate work.

Achievements in the health sector were no less spectacular. In 1999, Cross River State had one of the highest HIV/AIDS sero-prevalence rates in the country. Acutely convinced that health was a cardinal part of his economic agenda, Duke took full control of the sector as if his success as Governor was dependent solely on it. Under his every watch, a massive re-orientation programme and grass-root health delivery was embarked upon to confront Tuberculosis, Malaria, Onchocerciasis and HIV/AIDS. By 2005, Cross River State's sero-prevalence rate of HIV/AIDS dropped from 14% to 6%, the highest such drop anywhere in the world, causing the World Health Organisation (WHO) to cite the state as worthy of emulation by others.

Also, in 1999, only about 15 rural communities, covering no more than 10% of the state had electricity.
Eight years on, some 80% coverage had been achieved, covering some 200 communities, again making this achievement one of the most outstanding in the federation. In similar vein, under a massive urban regeneration programme, which included the designation of five cities, Calabar, Ugep, Ikom, Obudu and Ogoja, as centres for capacity enhancement and excellence, a state-wide environmental programme was rolled out. Today not only is Cross River State the cleanest state in the country, the network of roads and the level of modernity to be encountered, sets it apart from many.

However, for many, Duke's greatest legacy would be, and with justification, TINAPA and the renovation of the Obudu Ranch Resort. Because a lot has been written about them, I will dwell solely on the uniqueness of these projects. It ought to be restated that these projects were a part of a well-rounded and well-orchestrated public-private partnership vision, driven by opportunities in commerce and the new global awareness for environmental conservation. The plan from the outset was for TINAPA, with its N200 billion annual economy, to become the destination of choice for the commercial traveller, while Obudu Ranch Resort, from its pristine state, would become the haven for the tourist seeking peace, beauty and tranquility. Put differently, by investing in an area of comparative advantage and strength, Duke, sought, through these projects, to enact a model of economic management that is unprecedented in its transformative effect on the fortunes of the people of Cross River State.

When the projects were first unveiled, the former President, Chief Obasanjo, was ecstatic. He had this to say: 'This young man is full of fantastic ideas and vision, capable of turning the economy around. He is an invaluable asset to the Fourth Republic'. Then, two years after, at the commissioning of the revamped Obudu Ranch Resort, complete with the new cable cars, Obasanjo wrote: 'Donald, I wish to commend you again as I did on TINAPA. Truly, where there's a will, there will be achievement, I challenge other state Governors to either replicate something like this or unique to the economy of their states. This challenge which is in line with the six focal economic points of the federal government should be based on the principle of comparative advantage'.

Other people may argue, again, not without justification, that Duke's greatest legacy is to be found in his style of governance, one that was down-to earth and shorn of the lofty and pretentious trappings of power and office. There was an unusual self-assurance about Duke as Governor, borne, I suspect, out of very powerful instincts, deep religiosity and spiritualism, which are not easily discernible. Instincts, without doubt, have played an important role in his career. While his instincts explain, in part, why he was never daunted by the fear of failure, his self-assurance explains why he went about his business as Governor, almost self-effacingly, without fanfare, without sirens, without a truck-load of armed personnel or a long convoy of escort vehicles.

For a young 45-year old, who came to the job at 37 in 1999 with a 'Lagos-Boy' tag, he showed a capacity for work that was almost without parallel. As his personal aides would testify, it was not unknown for Governor Duke to drive himself at past mid-night on a 90-minute inspection tour of TINAPA and then return there again at 8.00 a.m. in the morning, with a team of prospective business investors in tow! His impeccable good manners, candour and behaviours were matched only by his unalloyed commitment to the service of his people. Clearly, his period as Governor was a study in decorum and propriety. He was one Governor who strove always to do the right thing.

Yet, successful as he was as Governor, he did not always get things right! As I have written elsewhere, his muffled response to the third term debacle did not endear him to many. While it may be correct to surmise that his hedging on the matter derived, presumably, from an accurate reading of the gratuitous self-righteousness of the topmost leadership of his party, in retrospect, he had little to lose by either remaining silent on the matter or taking a clear position.

Obviously, he made enemies for himself by not chumming up with famous old leaders in his state, either of the political or intellectual sorts, hence the claim that he ran the state like a private enterprise. A variant of this criticism was that he was a tight-fisted politician who refused to adjust to the free giving style of many politicians. Duke's counter to this is that Cross River State is still a very poor state and that he had little money to spend even on salaries and projects, let alone extras to give away. The same critics who accuse him of refusing to 'spray' money are quick to accuse him of leaving behind a huge debt profile for the state, mischievously confusing the temporary borrowings for projects like TINAPA with state debts

.
Duke left no state debts for his successor. But there are debts on the TINAPA project, which, if not liquidated with the impending IPO, will be liquidated in no time. And at any rate, the enduring benefits of TINAPA, not only as a holistic vision of development but also as a globe trading hub, reminiscent of other great international free trade zones like Hong Kong and Dubai cannot be quantified, certainly, not today, and not in Naira and kobo alone.

In the end, Donald Duke's legacy might well lay not so much in the actualisation of these visionary projects, but essentially in the fact that he, like the old men of the scriptures, dreamt dreams! Donald Duke also taught us to see visions! And there could not be a greater tribute to his legacy than the warmth accorded him on his last day in office. As he was ceremoniously pulled around the Esuene Stadium on the 29th May, waving, with the people waving back in spontaneity, you knew, without prompting, that it was an appreciative populace that was saying 'good-bye and so long' to a worthy servant.

Later that evening, as Governor Imoke and his wife, Obioma, saw Donald and Onari off at the Margaret Ekpo airport and some of Duke's erstwhile commissioners and a few friends formed an unrehearsed guard-of-honour, clapping and cheering, it was an emotional Donald Duke who took leave of the crowd to board the waiting aircraft, with a depth of satisfaction knowing that he had given the job his best shot. And there can be no doubt at all that from Donald Duke, the best is yet to come.
Politics › Re: Lets Rally Round To Support Donald Duke For President Come 2011 by KunleOshob(op): 1:33pm On May 03, 2010
AjanleKoko:
^^
Why Duke? Cos he's handsome? What has he achieved as a leader, that makes him deserve to be president?

I would rather vote for OBJ all over again, since he's the only dude that actually has a track record in Nigeria. Or maybe Yakubu Gowon. Wonder why he's not contesting.
Duke's archievements as Governor of Cross river state are phenomenal and unprecedented, i would look for a write up on his archievements and re-post it here.
Politics › Re: Obasanjo Blasphemed Jesus,says Okonkwo,osu, Others. by KunleOshob(m): 12:47pm On May 03, 2010
13volts:
@kunleoshob
who told you Jesus was a christain ?
I don't recollect anywhere stating that Jesus was a christian, however the christian faith was founded based on beliefs in his teachings and that he is the son of God tongue
Politics › Re: Funding massive Infrastructure Developments in Nigeria by KunleOshob(m): 12:27pm On May 03, 2010
@Papabrowne
Great topic however there are quite a number of flaws in your submission which i would try and highlight below:

PapaBrowne:
I am doing a research on Infrastructure development and it’s been worrisome viewing the outcomes as they reveal the level of Nigeria’s backwardness even when compared to other so called third world countries.

For instance:
For Nigeria to have what Brazil has today, we need about  $190billion worth of new infrastructure developments.
To catch up with South Africa, we need a whopping $328 Billion in corruption free capital expenditure.

Sad news is that last year the FG purportedly spent just $3 Billion on Capital projects, a lot of which must have gone into corruption. At that rate, it will take us over 100 years to be just the way South Africa is today. Sadly also, while we spent $3 Billion last year, South Africa is spending approximately$ 15 billion dollars yearly to improve on its already advanced infrastructure.
Now this is pathetic and sad especially when you consider that Nigeria is blessed with lots of Natural, Human and Intellectual resources.
In the above submission, you are assuming only the federal goverment is spending on infrastructure by stating $3billion which was last year's capital vote of the FG, however ther is a lot of massive infrastructure investment by state goverments across the nation, private sector initiatives, PPP schemes and foreign investments in infrastructural develpoment when all these other sources are factored in, i am sure definately ove $10 billion is being spent on infrasture development annually. Even then we are just scratching the surface as we need to be spending at least double that or even triple considering our huge population and our current dismal level of development


The Oil and Corruption misconception
It is true that the major cause of all this backwardness is the corrupt leadership that Nigeria has been blessed with over the decades. But it isn’t the only problem. Even if corruption is totally wiped out overnight, Nigeria wouldn’t still be able to afford the kind of infrastructure we need.
Our sole source of income which is oil is very inadequate. We should stop deceiving ourselves that Nigeria is a rich country because of its oil.
2 Million barrels of Oil daily is nothing when shared amongst a population of 150 million people.

To put things in perspective, our 2 million barrels would give us about $45 Billion dollars a year.
*40% of this money will go to the Oil companies leaving us with barely $27billion.
*70% of our budget usually goes on recurrent expenditure, leaving barely $8billion to be shared between corrupt pockets and capital projects.
The mistake we keep making is focusing on oil alone, first of all oil does not constitute 100% of Goverment revenue but rather roughly 80%, Goverment still makes a lot of money via taxes namely Company profit taxes and custom duties. They also make money from licensing and proceeds of privatisation. That aside the Goverment bonds market as really grown over the last couple of years and is a potential source for goverment to raise trillions for developmental projects. Goverment needs to explore how it can increase revenue generated via taxes, it is common knowledge that at least 80% of Nigerians don't pay taxes, yet they expect goverment to do everything for them. Also about $4billion is wasted on fule subsidy every year, if fuel subsidy alone is stopped apart form the fact that excess of $4 billion would be availbale for infrastrutural development the private sector would be encouraged to invest heavily in the downstream sector of the petroleum industry thereby developing the sector further, the same results would be achieved if PHCN is decentralized and privatized.

Financing Projects
Truth is with all our oil, we would never have infrastructure as good as South Africa.
If we must catch up with them, we need to devise innovative methods in which to generate the funds required to build up our infrastructure.

America did it with pension funds.  Some countries did it with loans from institutions like IMF and the World Bank. Others created unique financial instruments that gave them the ability to leverage capital and spread returns far into the future.  Russia used resources from its communist subordinates. Back in time, Britain and France did theirs by despoiling Africa of resources. More recently, China is using its huge chest of capital obtained from its export earnings.
One of the best and most modern ways to do this is through PUBLIC PRIVATE PARTNERSHIPS.
But even at that, the concessionaire still needs to source capital to execute projects.
You already mentioned the solutions in your post above namely "pension funds" and "PPP" I keep on telling people one o the greatest[though largely unnoticed] achivements of the Obasanjo regime was pension reforms, for the first time in the history of Nigeria our financial system is accumulating huge long term funds on a sustainable basis, it is this type of funds that is needed and crucial for development projects. these funds would also eventually force down interest rates as it grows larger and larger. Already as at the end of december 2009 the pension funds had accumulated to over 1.6 trillion naira and growing by an additional 100 billion every month. This is with less than 10% of the pensionable people in this country contributing imagine what would happen if up to 50% are contributing. It is this huge pension funds that would ultimately be availabe to provide long term funds for infrastructural development either via goverment through financing of goverment bonds or via PPP through providing long term funds to financial institutions who would then lend to PPP operators.

Personally i believe all the ingredients for Nigeria to emerge as a developed nation is already there, we just need good leadership to harness these resources and make the best of it. That is why we need to rally round and support a great visionary like Donald Duke  wink to move this country forward. He was able to develop cross river to be one of the most developed states in the whole country despite the very limited resources the state had.
Christianity Etc › Re: Prof Stephen Hawking:aliens Do Exist by KunleOshob(m): 11:27am On May 03, 2010
Well the bible talks of extra terrestrial beings coming down to earth in the book of geneis 6:1-5, they even had sexua.l intercourse with earth's women and procreated indicating they were physical beings like us and they had the same DNA as humans for it to be possible to procreate with earth's women.
Christianity Etc › Re: Obj Says Jesus Christ Cannot Conduct A Credible Election In Nigeria by KunleOshob(m): 11:11am On May 03, 2010
The topic of this post is wrong and fallacious, he never said Jesus cannot conduct a credible election what he said was even Jesus cannot conduct an "undisputed election" meaning no matter how credible and election is Nigerian politicians would always dispute it. Simple english comprehension. tongue
Christianity Etc › Re: What It Means To Be "born Again"! by KunleOshob(m): 11:01am On May 03, 2010
With all this ridicling and expose into the incompetence of Joagbaje as a true christian pastor [as opposed to a CEC pastor] i am simply amazed he has not thrown in the towel based on the legion of biblical evidence that enigma, nuclearby and aletheia have shown him on this thread. Obvioulsy pride, conceit and the fear of loosing his percentage of lucre in CEC plc is pushing him to dig himself deeper into erRORs as rightly pointed out by enigma. I have been monitoring this thread closely even thoughi have not been commenting becos honstly Joagbaje's logic and brazen twisting of scriptures makes me sick. It is obvious that he is at least capable of knowing the truth yet he chooses to stick to the wrong path and also join Opaks in leading thousands astray for the sake of filthy lucre. It's really so sad cry

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