₦airaland Forum

themilanway:
Pity your jobless self.I hope someone doesn't play politics with the death of a family member of yours.

olumide4christ:
So when your BIG BROS GEJ was attending various social functions, visiting & worshipping with various pastors all around the country & outside, he was doing the job of governance??

Please be fair and honest in all your dealings. You hate PMB/PYO because you voted for PDP & you lost, despite the fact that the country was already in a comatose state.

Which is more important to you - GEJ/PDP or NIGERIA?? Lets see where your patriotism lies.

Its time to move on and revive our country! NIGERIA is bigger than you, GEJ, PDP, APC et al! [font=Lucida Sans Unicode][/font][color=#000099][/color]

OLISASDEJI:
Guy,you need brain formatting

Yinkagbo:
All I see is a fool(mogidi) saying trash.........u expect expect him in office on sunday...

dealslip:
I specifically told them that they would be the sacrificial lambs in the North, they refused to listen dey follow shout change.

olumide4christ:
[size=15pt]He should be in the office'....... on Sunday?[/size]

soe:
but wait o ..guy...you dey unemployed ni?

Or is this your job?

CecyAdrian:
You are so funny!

ZUBY77:
Nigeria is a real joke.. Real joke..

Our elected VP is taking over a Chapel..

[size=15pt]EARLY CRISIS | Ambode Inherits N418.2b Debt Burden[/size]
As he officially resumes work today, the new governor of the State, Akinwunmi Ambode, is inheriting a debt burden of N418.2 billion from the outgoing administration.

The debt burden, though accompanied with a repayment plan lasting 40 years plus, is an astronomical increase from the N15 billion Babatunde Fashola (SAN) inherited from his predecessor, Asiwaju Bola Tinubu, in 2007 when he took over.

A breakdown of the debt bequeathed to Ambode showed that the Fashola administration has a domestic debt of N69.666 billion, which it obtained from borrowing from banks; N225 billion from bond issuance and N207.499 billion external loan from foreign bodies.

But the Lagos State Government is quick to defend its position, saying its debt profile is sustainable, quoting Agusto and Co, Global Credit Rating (GCR) and Fitch Ratings to justify its position on the debt sustainability.

Commissioner for Finance, Ayo Gbeleyi said government’s huge debts were sustainable, as it would not constitute a burden to the incoming government.

He said the total revenue of the state government currently stood at N33.95 billion monthly from N27.82 billion monthly it used to be in 2011, as the state’s Internal Generated Revenue (IGR) averages 65 per cent of total revenue with Statutory Allocation plus Value Added Tax (VAT) being about 35 per cent.

Gbeleyi stated that the internal loans from Commercial Banks have tenors of four to six years, while the Multilateral Agency Financing-World Bank, French Development Agency and others are generally on concessionary borrowing terms, such as 20 – 40 years tenor and average of 1.75 per cent per annum interest rate On the Debt Issuance Programme of N275 billion, in which N50 billion was paid last year, leaving a balance of N225 billion currently outstanding, he disclosed that government had over N100.73 billion as at March 2015 in its Sinking Fund reserve for repayment.

On the Commercial Bank debt of N69.666 billion, Gbeleyi added that the incoming government is expected to pay N14.27 billion this year; N13.68 billion in 2016; N34.68 billion in 2017 and the balance of N6.85 billion in 2018.

Probably scared of the wind of change expected to blow across the Presidential Villa with the inauguration of President Muhammadu Buhari’s government, many staff working in the seat of power reported early to work on Monday morning.

barcanista:
Maybe Him go relocate UK High Commission to Aso Rock for easy flow of communication between Cameron and himself. Baba must take orders from "above"

anonimi:
Thanks to Jonathan's devoted efforts at turning around our socio-economic landscape for the benefit of his fellow citizens.

It is believed that Jerry Gana is in possession of the cash and have refused to pay.

barcanista:
e go hard be that o

benuejosh:
TANoid

barcanista:
What about London?

Ptimes:
The administration of ex-President Goodluck Jonathan administration can at best be described as underperforming, a review of its performance in various sectors show. This can be described as unfortunate for a government which came to power on the back of popular support and one that enjoyed a lot of public goodwill in its early years.

Here are 10 ways the administration failed Nigerians and in many cases, left the country worse than it met it.

1. Power Generation.

In 2010, when Mr Jonathan was sworn in as substantive president after the death of his former boss, Umaru Yar’Adua, power generation in Nigeria was 3,000 mega watts. On Friday, when he was handing over to his successor, power generation had dropped to less than 2000 mega watts.

The need to prioritise power generation and availability to Nigerians was acknowledged by Mr Jonathan early in his administration. In 2011, while seeking support to be elected president after leading the country for one year following the death of Mr. Yar’Adua, the ex-president declared to diplomats at the United Nations Economic Commission for Africa, UNECA, and the African Union, AU, in Addis-Ababa that:
see more......................
http://www.premiumtimesng.com/news/headlines/184088-10-ways-jonathan-failed-nigerians.html

LasoulMacuby:
Mogidi, SeverusSnape, and some others i will be naming soon

BackDatAssUp:
Baba One chance is still yet to begin his presidency

The man wants to visit his cousins in Niger republic first.