₦airaland Forum

mrfrosh:
Each one is less than $10Billion, English is hard for you ooo,If you say all are less than $10Billion,it means $10Billion can do all the things listed above...Go back to school

mrfrosh:
There's poverty in all states in Nigeria,Stop sounding like a bigot,besides you read they were displaced from their home...some people's level of reasoning sha...

fabrigas18:
kindly consider there population okk..

fabrigas18:
kindly consider there population okk..

Guidette:
Damn. This really jolts one back to reality. FP please.

dragon2:
Yes, and we have electricity to run those electric trains abi? What if there is a power failure halfway? $3.4 billion for 450km is an investment we should be considering abi. Also who will pay for maintenances. Are you ready to pay N15,000 to travel 450km. Even if some would, would the train benefit the poor majority that live on less than $5/day?

ibisko04:
Thank you for your comments. The leader that will make the bold move is the one we should look for. Nigerians must make the best of 2015 transition period. We want leader who can take the nation to a realistic levels of using our resources for our development.

tswitch:
1. Power sector
2. Education
3. Revive/Develop/Revitalize the non oil sectors like solid minerals/mining and agriculture amongst others.
The sole purpose of having sector(s) reforms would be defeated if it is not free of dubious political agenda and tribalism.
The above sectors are what any responsive, proactive and objective government should focus and be scored with. Do not forget that for these sectors development to be sustainable they should be massive infrastructural support like a functional and active rail system and sea ports.

ibisko04:
The system here in Nigeria is not designed to work like that of the developed world . I always said it that their is a conspiracy against the nation of Nigeria by the world powerful nations to make Nigeria a market that will forever remains at their mercy.
This is why you can't find any tangible landmark development since 1999 to date. If you people are making noise about 20b dollars, how much more about when we were having 60b dollars in our foreign reserve account.

LRNZH:
.
11. Longtan Dam and Hydropower Station - Guangxi, China (Cost: $4.2 Billion US)
Longtan Dam is a large roller-compacted concrete (RCC) gravity dam on the Hongshui River in Tian'e County of the Guangxi Zhuang Autonomous Region, China, a tributary of the Xi River and the Pearl River. The dam is 216.2 m (709.3 ft) high and 849 m (2,785 ft) long; it is the tallest of its type in the world. The dam is intended for hydroelectric power production, flood control and navigation. The dam contains seven surface spillways, two bottom outlets and an underground power station. The installed electric power generation capacity of the dam is 6,426MW.
https://lh6.ggpht.com/-HWl5MUtXWqs/Ukxk0vZTxzI/AAAAAAAAtBc/5OCeVpKxovc/longtak%25255B2%25255D.jpg?imgmax=800

Ngwakwe:
Stop deceiving the public.

You have no concrete proof that a dime is missing yet.

The Finance Minister insisted before the Senate committee that the only money left to reconcile the accounts is $10.8 billion. “I just wanted to add that we found about $10.8 billion. He mentione $12billion,” Okonjo-Iweala said.

njokusboy:
And your own hypothesis has the fewest assumptions....
Atleast occams razor does not state that the hypothesis with the FEWEST ASSUMPTIONS is neccesarily correct... atleast you admit you have been assuming all along...

What a clown... nd some people thought you were making sense

modhream:
Ngwakwe,stop digging please.Unless you're drilling for oil.
Whatever shred of respect and reputation you had left on this forum,you've torn to bits.This bloodbath is not cool to watch,abeg.
Nwanne onye na agba ajo egwu,oko iku anya ana ako e.Nke a akaria,biko

Ngwakwe:
This is just rumours

LRNZH:
Have you heard of Occam's Razor?
Occam's Razor:
The principle states that among competing hypotheses, the one with the fewest assumptions should be selected. Other, more complicated solutions may ultimately prove correct, but—in the absence of certainty—the fewer assumptions that are made, the better.
aka Keep It Simple Stupid (KISS)
Save us all these long stories that don't make sense.

Ngwakwe:
Asking for a report is totally deferent from politicising the unknown content of the report for political gains and moreover, if the report is ready there are other legal means of obtaining it.

LRNZH:
Have you heard of Occam's Razor?
Occam's Razor:
The principle states that among competing hypotheses, the one with the fewest assumptions should be selected. Other, more complicated solutions may ultimately prove correct, but—in the absence of certainty—the fewer assumptions that are made, the better.
aka Keep It Simple Stupid (KISS)
Save us all these long stories that don't make sense.

Ngwakwe:
I am a busy but let me answer some of your questions

The earlier PwC audit report justifying NNPC got to do with crude export figures
According to PwC and I quote: "The firm faulted Sanusi (CBN) on the ground of double counting and narrow coverage of revenue statistics, even as it noted that the CBN did not question production figures, which could have provided basis for the allegation of missing billions of naira.

The report faulted the statistics used by the CBN governor on the ground that the correct data was domiciled with the Department of Petroleum Resources (DPR) and that statistics provided by a unit of the CBN did not tally with the data from the DPR.


Sanusi's allegation against PwC previous Audit and report
Investigation: “Now in investigation and trying to understand where those leakages were, our attention was drawn to a huge difference between what appeared to be export of crude made by NNPC and amount repatriated into the crude equity account of the Federal Government.

Sanusi to my understanding is questioning total crude export made by NNPC and what sales data Department of Petroleum Resources (DPR) has for which PwC used for their Audit.

LRNZH:
1.The THSR 700T - Taiwan High Speed Rail (Cost $3.4 billion US)
This operates on the high-speed line between Taipei and Kaohsiung in Taiwan. The train entered into service with Taiwan High Speed Rail in January 2007.
It operates at a speed of 300kmph reducing the journey time between the two cities from four hours to just 90 minutes.
It was constructed by Kawasaki, Hitachi and Nippon Sharyo. Based on Kawasaki's 700 series Shinkansen trains, the 700T was the first Taiwanese rolling stock to import Japanese high speed rail technology.
The total investment for manufacturing the initial 30 trains in the series reached about NT$100bn ($3.4bn).courtesy of Oduastates
https://upload.wikimedia.org/wikipedia/commons/0/0e/THSR_700T_Modern_High_Speed_Train.jpg

Ngwakwe:
Thanks for the information

Ngwakwe:
You want me to give up my inalienable right to self expression for what exactly?

Ngwakwe:
You are just being sentimental about my contributions hence the attempt to stop me from challenging your half bake truth and outright lies

I'm glad.
I have challenged your ignorance and bias with facts all the way.

I'm not the only one reading this.
Your lack of objectivity, your penchant for bias and going off point is clear for all and sundry to witness.


Hahahahaha. See mod.

Ngwakwe:
Stop the obsession with the Executive and pressure your elected legislature to do their job.

In this matter the principle of checks and balance require the NASS to deliver an unbiased report to Nigerian people than report of internal reconciliation by Executive branch.

What is wrong with waiting for Senate Committee on Finance report?

Ngwakwe:
Dr Ngozi Okonjo Iweala is trying to protect her dignity in the court of public opinion and more also the allegations by Mallam Sanusi has to do with NNPC illegally holding back money belonging to Federation Account.

Then to your question proper. Has Dr Iweala reneged on her promise? Or Is the opposition trying to search for campaign topic?

Target time for submission of the report by PwC to the Executive is November 2014 and her decision to make it public is on her terms but whether it was delivered by PwC on the said date is another matter.


Have you read any news (foreign or local) indicating that PwC has submitted the report?