Malali's Posts

Nairaland Forum › Malali's Profile › Malali's Posts

1 2 3 4 5 6 7 8 ... 59 60 61 62 63 64 65 66 67 (of 191 pages)

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:36pm On Apr 26, 2025

AndroBlaze:
Oga stop disturbing everybody here and go back and read your post S-L-O-W-L-Y.

It clearly explains that the account is made up of receipts from basing the budget price of crude oil lower than what we eventually receive.

So if, as has been happening, we base the budget price of crude oil higher than what we actually get , what miracle do you want to use to get "EXCESS" crude oil proceeds?

If you are struggling with plain english why not just ask people to explain it to you nicely?

You have no clue whats going on.
The ECA account is spent illegally.
As a political slush fund for sudden “needs” (e.g., paying governors, election spending,)
Also Depleted at alarming rates without clear accountability
Used often without legislative approval (a constitutional gray area)
Now nearly empty — $473,754.57 as of April 2025, down from $72.4 million in 2021, and over $20 billion in 2008.

It was $20 billion in 2008 !!!!!!!!!!!!!!!!!!!

1 Like

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:30pm On Apr 26, 2025

EDGEof2MORO:
make I no punch your eye just now

na short term memory go wound all of una

meanwhile, this ECA is not a stagnant figure. I hope you know it can (and will) go up with time. The author is very mischeivious and picked one of the lowest reading to create this thread.

It is like taking a picture of your fuel tank when it is low, and crying that since you bought this car, the fuel has been reducing

You have no shame.

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:28pm On Apr 26, 2025

anonimi:
How is Obasanjo the best president without you providing details about his comparative performance in office?

1-Obasanjo paid the Debts
2-Obasanjo arrested and prosecuted people like IG of Police for corruption
3-Obasanjo went after corrupt governors
4-Obasanjo paid the debts, paid the subsidies, built infrastructures and left substantial money in the foreign reserves.

Please do not compare Obasanjo to this current APC disaster.

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:25pm On Apr 26, 2025

Timmi:
Oga Malali, you conveniently omitted the last statement that also stated “ However, on March 23, 2023, the federation account allocation committee (FAAC) said the balance in the excess crude account stood at $473,754.57.”

Oga Timmi
I didnt omit it.
The point i am focusing on is that
1-Buhari paid oil and Forex subsidy which is approximately $8.1 billion to $14.4 billion annually
2-Nigerians enjoyed cheap petrol and cheap dollars.

1-Tinubu is not paying subsidy in 2 years, so he has saved approximately $16.2 billion to $28.8 billion (In 2 years)
2-Nigerians are suffering from expensive petrol and expensive dollars
3-The federation ECA is still depleted. So where is the money going to ?

During Buhari we enjoyed the subsidies, now Nigerians are suffering and there is no savings to show for it. Are we suffering in vain ? Are they looting the money ?

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:20pm On Apr 26, 2025

Basicend:
The ECA balance had been like that since 2023.
It's not a new or sudden development.
Kindly try and read up the article first. Nothing is happening to the Naira.

After reading the article, use your brain.
Buhari paid approx $8.1 billion to $14.4 billion annually in oil and Forex subsidies
Nigerians all benefited from cheap petrol and dollars

Tinubu is not paying any subsidy, and he is also collecting numerous loans.
Tinubu does not have any money in the account to show for not paying subsidy.
Nigerians are buying expensive petrol and dollars.

Where is our money going to ? Please answer that question ?

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:17pm On Apr 26, 2025

jubrilELsudan:
DEM TRY SEF SEY SOMETHING STILL REMAIN

LOL

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:16pm On Apr 26, 2025

AndroBlaze:
Oga can you not read what you posted? When did it originally go down to $473k.....if you are still confused go back to your post and read it S-L-O-W-L -Y

Buhari paid oil and forex subsidy approximately $8.1 billion to $14.4 billion annually
Money went down in the account. Nigerians enjoyed cheap petrol and cheap dollars.

Tinubu is not paying any subsidy. which is $8.1 billion to $14.4 billion being saved annually
There is no money in the account.
Nigerians are buying petrol expensive and buying dollars expensive.
Where is the money going to ?

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:13pm On Apr 26, 2025

cyberbro:
2021-2025, but the current president took over in 2023... This is misleading.

I stand to be corrected though, but the math ain't mathing. 😂

Subsidy use to cost us $8.1 billion to $14.4 billion annually.
Buhari Paid subsidy....Nigerians enjoyed the benefit.
Tinubu is not paying subsidy and there is no money in the account.
Where is the subsidy money going to ?

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:11pm On Apr 26, 2025

Putindbutt:
Illiteracy dey worry you, was Tinubu in power on March 2023?. I dey ask again, who sent you people go school?.

Tinubu entered power March 2023. Today is April 2025------- We have 2 years of not paying oil and forex subsidy.
Oil and forex subsidy was $8.1 billion to $14.4 billion annually
Where is the money ?
Atleast Buhari paid and Nigerians enjoyed the benefit.
Tinubu is not paying subsidy. Federation account is empty. Nigerians are not enjoying any benefit.
Where is all the money going to ?

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 6:53pm On Apr 26, 2025

Anguldi:
Obasanjo remains the best president of Nigeria

The rest just came to loot.
Nothing has changed.

2 Likes 1 Share

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 6:52pm On Apr 26, 2025

PressMyButton:
I hope if I send thunder to you, the Moderators and their bots will not come for him. Go home and ask them to teach you the difference between March 23 and May 23. And please, don't mention me again.

Why is it still low ?
We have not paid Oil subsidy and forex subsidy in 2 years !
We have also been borrowing from IMF and world bank !

All the billions of dollars saved from not paying oil or forex subsidy from May 23, where is it ?

4 Likes 2 Shares

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 6:32pm On Apr 26, 2025

PressMyButton:
So, TimeManager made a comment to debunk the obvious lies and the low understanding of this OP and the bot deleted it, wow!. seun una no try at all. The ECA balance was $473,754.57 as at March, 2023, how then can any sensible person attribute that to an Administration that came to power in May 23?. Is this not what we have been saying about wailers?, seun.

The Accountant-General’s disclosure confirms the collapse, not conjecture.
$72.4 million down to $473k is arithmetic, not opinion.
Denial only delays collapse,nations that survive first admit hard truths.
True patriotism demands brutal honesty, not emotional deflection.

44 Likes 1 Share

Politics › Re: Invest In Nigerians - VP Shettima Begs International Partners At World Bank/IMF by malali: 6:19pm On Apr 26, 2025

Invest in Nigeria, if you really want to help us. Don’t give us loans. Knowing fully well it will be mismanaged and eventually looted.

1 Like 1 Share

Politics › Re: We’re Returning To Nigeria To Build Buffers – Edun by malali: 5:53pm On Apr 26, 2025

And the lies continue.Using fancy words to deceive Nigerians…….A buffer is built when you already have a working structure and you don’t want it to go bad….Nigeria’s situation is more of a salvage case. Know the difference.

1 Like

Politics › Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 5:31pm On Apr 26, 2025*

The latest ECA balance proves beyond debate: this administration is racing Nigeria to poverty at breakneck speed.
In 2021, our Excess Crude Account had $72.4 million.
In 2025, it’s now a pitiful $473,000 — almost completely wiped out. (Mind you, it doesn't reflect that we have not paid oil subsidy and Forex subsidy in 2 years, where are the billions saved from this ?)
Add the mountain of reckless borrowings and it’s clear: Nigeria is being hollowed out financially right before our eyes.

Buhari paid oil subsidy,Forex subsidy and had poor revenue during COVID from low crude oil sales, despite issuing free palliatives all over the country.

Fast forward to Tinubu, Tinubu is not paying oil subsidy, he is not paying Forex subsidy, his oil sales are better than Buharis, he is making more money. He is not issuing palliatives. He is still borrowing more money from IMF and World Bank.

But Nigerians are worse off. Despite an administration with more advantages than Buhari's bad administration

Obasanjo left $20 billion in this same account in 2008

127 Likes 13 Shares

Politics › Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 5:31pm On Apr 26, 2025

Shamseldeen Ogunjimi, accountant-general of the federation (AcGF), says the nation’s excess crude account (ECA) balance is $473,754.57 as of April.

Ogunjimi spoke during the 149th national economic council (NEC) meeting, chaired by Vice-President Kashim Shettima, on Thursday at the Presidential Villa, Abuja.

The ECA was established in 2004 by former President Olusegun Obasanjo to save excess oil revenues above the benchmark in the annual budget, with the overriding objective of insulating the country from economic shocks that may arise from volatility in crude oil prices in international markets.

Ogunjimi also said the stabilisation account balance stood at N63.53 billion as at April, adding that “natural resources development account balance as at April 2025 is N72,858,962,913.29”.

The current ECA balance, which has remained unchanged for several months, has been depleted over the years.

In February 2021, Zainab Ahmed, former minister of finance, budget and national planning, said the nation’s ECA balance was $72.4 million.

However, on March 23, 2023, the federation account allocation committee (FAAC) said the balance in the excess crude account stood at $473,754.57.

Source:https://www.thecable.ng/accountant-general-nigerias-excess-crude-account-balance-stands-at-473754/

5 Likes 2 Shares

Politics › Re: A *man With Fickle Integrity:* Atiku Abubakar* By Comr Idoko Chinonso Valentine by malali: 8:35am On Apr 26, 2025*

This is the classic definition of a narcissist. If the accusations are true.

But the covert type.

Zero accountability, very egoistical, never apologizes, goes into a rage when exposed, uses everybody he calls friends.

I have always wondered why some people were always miffed by Atiku

Initially i thought it was because of his opposition to Obasanjo's third term, but everyday i see a lot of his associates distancing themselves from him.

Asides the stupendous wealth he has acquired.....does he have genuine empathy ?

Politics › Re: Breaking!! Admiral Ibas Writes Apology Letter To The National Assembly by malali: 8:29am On Apr 26, 2025

How can a competent man be replaced with an incompetent man.

Politics › Re: Electricity Tariff More Than N70,000 New Minimum Wage – NLC by malali: 8:24am On Apr 26, 2025

Absolutely agree — with current inflation and cost of living, the minimum wage in Nigeria should be ₦150,000 at the very least. Anything less is economic gaslighting. Workers deserve dignity, not survival math.

58 Likes 5 Shares

Crime › Re: U.s.-based Nigerian Man Faces Life In Prison Over $200K Pickup (Video/photos) by malali: 9:26pm On Apr 25, 2025

If you live in the USA/UK and you pick money for someone in Nigeria.

You are a special kind of stupid....the type that should be in Guinness book of records.

Because you are full responsible for the crime.

The Nigerian person will be enjoying the money while you rot in Jail.

14 Likes 1 Share

Politics › Re: Rivers Sole Administrator Ibas To Face National Assembly Committee Today by malali: 8:47am On Apr 25, 2025

DeepSight:
Many of the questions here will not and can not be asked by a legislature that already approved the illegality.

Thats why we have opposition.PDP.LP Should ask

Politics › Re: APC Using Money, EFCC Threats To Weaken PDP Through Defections – Bugaje by malali: 8:02am On Apr 25, 2025

Very obvious.

Politics › Re: Rivers Sole Administrator Ibas To Face National Assembly Committee Today by malali: 7:41am On Apr 25, 2025

Please make sure you ask him these questions.

1. On Legality:
“Under what constitutional provision or legal doctrine did you accept an appointment that supersedes an elected executive in a federated state?”
2. On Loyalty:
“Is your allegiance to the Nigerian constitution, the President, or a clandestine military chain of command?”
3. On Conflict of Interest:
“Have you, during your tenure as Naval Chief, or since retirement, received any direct or indirect financial benefit from oil companies operating in Rivers State?”
4. On Oil & Security Contracts:
“Did you facilitate, award, or benefit from any maritime or inland security contracts tied to oil infrastructure in the Niger Delta during or after your service?”
5. On Intelligence Briefings:
“Are you currently in receipt of classified military or DSS intelligence despite holding a civilian role?”
6. On Shadow Governance:
“Have you attended any closed-door meetings with Presidential aides or APC party leaders to discuss long-term power strategy in Rivers outside democratic frameworks?”
7. On Undermining Federalism:
“How does your appointment not violate the federal principle of state autonomy as outlined in Sections 4, 5, and 162 of the 1999 Constitution?”
8. On Use of Force:
“Have you authorized or coordinated the deployment of armed personnel in any capacity that led to voter suppression, intimidation, or disruption in Rivers State?”
9. On Political Engineering:
“What is your relationship with Nyesom Wike, and have you had any meetings or exchanges regarding the displacement or silencing of Governor Siminalayi Fubara?”
10. On Black Ops Funding:
“Are there any off-the-books funding channels—via NIMASA, NNPC, or the Navy—used to facilitate governance in Rivers since your appointment?”
11. On DSS Collaboration:
“What is your working relationship with the DSS in the South-South region? Have you signed any joint-operation mandates since your appointment?”
12. On Community Consent:
“Have you received any official recognition or endorsement from traditional rulers or civil society groups in Rivers State?”
13. On Personal Assets:
“Can you provide a full declaration of your assets and liabilities, including those held in foreign accounts or trusts?”
14. On Operational Chain of Command:
“To whom do you report officially—The National Security Adviser, the Minister of Defense, or directly to the President?”
15. On Obedience to Court Orders:
“Will you comply if a Federal High Court rules your appointment unconstitutional and invalid?”
16. On Foreign Intelligence Contacts:
“Have you ever been approached, briefed, or engaged by any foreign intelligence agency or private military company regarding internal matters in Nigeria?”
17. On Maritime Espionage:
“Did you ever approve the installation of foreign surveillance systems or coordinate with external naval bodies in the Gulf of Guinea during your tenure?”
18. On Secret Pacts:
“Was your appointment part of a pre-election military-political agreement brokered between key figures in APC and ex-service chiefs?”
19. On Parallel Governance:
“Have you signed any documents, MOU, or administrative orders acting as a de facto governor of Rivers State since your appointment?”
20. Final Bombshell:
“Are you currently part of, or acting in support of, any undeclared military junta architecture designed to control the South-South in 2026?”

Let him Cook..........

5 Likes 2 Shares

Politics › Re: How Tax Reform Bill Will Make Housing Affordable – Taiwo Oloyede by malali: 12:28am On Apr 25, 2025

What will really bring down cost of housing is imposing a huge tax on unoccupied houses.

This will deter those building estates and leaving them unoccupied

The roads , the community amenities, the police, the hospitals in that area all need taxpayers money to function.

So when you build a whole estate like the ones we have in Abuja and Lagos.

The government is still funding these amenities despite the whole city being built up.

This will bring down the prices of houses as Land lords would rather rent out the properties than leave them empty and be paying taxes on them.

This will also boost the economy as some houses will be sold and the property market will wake up and there will be increased trade.

29 Likes 3 Shares

Politics › Re: Ganduje Welcomes NNPP Defectors, Declares APC’s 2027 A “Done Deal” by malali: 11:05pm On Apr 24, 2025

NIGERIAN POLITICIANS PLAYING HUNGER GAMES

Hungry, broke, irrelevant—and suddenly discovering “alignment with Mr. President’s vision” the moment their stomachs start grumbling louder than their conscience.

Next time you see one defect, don’t ask “why?”
Just ask: “Rice or spaghetti?”

2 Likes

Politics › Re: FG To Prioritize Resource Allocation In The Face Of Low Oil Prices by malali: 10:46pm On Apr 24, 2025*

1. DECONGEST GOVERNMENT. IMMEDIATELY.
• Slash 70% of federal parastatals that duplicate functions.
• Trim down ministries. We don’t need a Ministry of Happiness, a Ministry of Culture, and a Ministry of Inter-ethnic Dialogue duplicating paperwork.
• Reduce the National Assembly budget by 50%—no more ₦200M SUVs for lawmakers.
• End foreign medical trips—leaders must use the healthcare they fund.

2. CEASE ALL WHITE ELEPHANT PROJECTS
• Lagos-Calabar Coastal Highway? Pause it.
• Hyperloop fantasy? Burn it.
• $400M airport remodelling in low-traffic zones? Cancel it.
Focus should be on low-cost, high-impact projects—like rural solar electrification, agro-processing hubs, and digital fiber buildout.

3. PUT DSS ON STEALTH MISSION TO HUNT LOOTERS
• Operatives should infiltrate MDAs, LGA treasuries, and state cabinets quietly.
• Gather video, audio, and banking evidence. Then launch televised raids and prosecutions.
Public examples must be made.
Until high-profile arrests start, corruption will not feel risky.

4. FORCE FISCAL TRANSPARENCY FROM STATE & LGA LEVELS
• All LGAs must publish:
• Monthly federal allocation
• Expenditure list
• Project updates with photos and geolocation
• Create a single portal (like BudgetIT) where this data is public.

Allow citizen whistleblowing from every state, every LGA.
Give them a platform, give them legal cover.

5. OPEN THE ENTIRE FEDERAL FINANCIAL SYSTEM TO PUBLIC DASHBOARDS
• Real-time dashboards showing:
• FG Revenue (Oil, Customs, FIRS)
• Disbursements (FAAC, CAPEX)
• Budget Execution (by ministry)
• National Debt Clock
Modeled after US Treasury’s “USAspending.gov”

6. HIGH-IMPACT REVENUE SCHEMES TO CONSIDER.
1. Digital Residency Program – tax foreign online workers who register Nigerian residency for access to our cost-effective ecosystem.
2. Luxury Tax Enforcement – any transaction involving yachts, jets, Rolls Royces, should trigger auto-flag for FIRS audit.
3. Green Bond Marketplace – let SMEs issue green micro-bonds for solar, agro, and clean water projects. Connect them to impact investors.
4. National Data Monetization Authority (NDMA) – start monetizing anonymized datasets from NIN, immigration, telcos, banks.
5. Tax Lottery Scheme – launch a weekly tax receipt raffle. Show proof of tax paid? Win a car or house. Behavioral nudge to widen the base.

2 Likes

Politics › Re: RE : Primary Health Care Centers In Bauchi State. by malali(op): 10:24pm On Apr 24, 2025

bennyflipy:
PHC and federal government?

I said oversight. Do you know the meaning of oversight ?

Politics › Re: RE : Primary Health Care Centers In Bauchi State. by malali(op): 10:24pm On Apr 24, 2025

yarimo:
and the state governor is not responsible to anything in his state ? You must be a kid that I am wasting my time replying

You are one of those that answers everything with a question.
If you are the old man you are desperately trying to be. Give us facts.
A lot can be hidden under ignorance.

1 Like

Health › Re: FG Revitalizes Over 901 Phcs, Plans Upgrade Of 2,701 More Nationwide by malali: 10:22pm On Apr 24, 2025

Paramount01:
If they show you go go gree,they show you refainry,you gree?

Try get sense...people labored to pay your school fees.

Politics › Re: RE : Primary Health Care Centers In Bauchi State. by malali(op): 10:03pm On Apr 24, 2025

yarimo:
And PDP governors forum chairman BALA MUHAMMED is Bauchi state governor what is he doing about health in that state

The Federal government is 100% responsible for oversight.

1 Like

Politics › Re: More Govs Are Coming To APC, Tinubu's Positive Reforms Responsible - Gov Sule by malali: 8:45pm On Apr 24, 2025

We were warned..........

2 Likes 1 Share

Politics › RE : Primary Health Care Centers In Bauchi State. by malali(op): 8:40pm On Apr 24, 2025*

Minister of Health. Dr Ali Pate is from Misau LGA in Bauchi State.

"Allegedly claimed recently that 901 Primary Healthcare centers have been renovated in Nigeria.

These are some pictures of some Primary Healthcare Centers in 'Bauchi' state.

The last picture is from Ebubu, Ogoni Rivers state (Where most of Nigeria's crude oil revenue is gotten from).

1 Like 1 Share

1 2 3 4 5 6 7 8 ... 59 60 61 62 63 64 65 66 67 (of 191 pages)