₦airaland Forum

barcanista:
Mr. Incoming President, Nigerians pledge their loyalty and support to your incoming government. 2015 will be historic for us.

Yea shall weep more than the bereaved Ayatollah Monkey Blood.
BishopMagic chapter 34 vs 23

General Monkey Blood you remain sectional, intolerant, corrupt, hypocritical and a bloody liar.

Geriatrics like you with no future can not determine the destiny of the youths.

You should remain in the past and let history books judge you.

onatisi:
if reports from most apc states is anything to go by it is obvious apc governors know nothing other than borrowing money. I have been studying the causes of the drop in global oil prices and it may be a temporary thing but the future of oil prices is somehow gloomy.

With all honesty, selling our oil is akin to a man selling his birthrights. The industrialized nations require crude not as an energy source alone but for churning out every conceivable finished product. From pharmaceuticals, electronics, fertilizers, and virtually every single product today is dependent on petrochemical products.

We have the market, the means and resources to be self sustainable. Our crude is not supposed to be a worthless forex earner that will end up back in the hands of the west in exchange for goods we ought to be manufacturing.

This business of shale oil is all hogwash. The US stock market is heading for the second worst crash in history in the coming months and the Saudis are pumping more gas into the global and US market to forestall an impending crash of the US economy but it won't work.

Crude prices will remain strong as long as China keeps ramping up their growth rate because most of China's crude export is destined for other non energy use.

Obasanjo is a foolish man

onatisi:
so as it is now the fg is making spending cuts but state goverments aren't. Okay isn't there any way for cbn or the fg to make banks stop lending to these state govts?

IMO state has since been blacklisted but the CBN can't do anything with respect to bonds.

I foresee state governors selling vast acres of land to Chinese firms.

This will be akin to selling your furniture to pay your mortgage.

onatisi:
The benchmark should never have been pegged at 78$, it should have been 70$.

The budget should never had been proposed on one resource alone.

Okonjo pegged it at $73 but the Janjawiids thugs in the national assembly wanted it at $80.

Here you ram governor

40% reduction in Osun’s federal allocation unjustifiable – Aregbesola

APRIL 18, 2014 BY ADE ADESOMOJU


Governor Rauf Aregbesola of Osun State has described as unjustifiable a 40 per cent reduction in the federal allocation being received by the state since July 2013.
Aregbesola spoke in Lagos on Thursday during the launching of a book, ‘Yoruba Elites and Ethnic Politics in Nigeria: Obafemi Awolowo and Corporate Agency.’ The book was written by an associate professor at the University of California-Davies, Wale Adebanwi.
The governor said the reduction had no basis as the nation’s oil revenue did not fall.
He said, “If there is anything my state does not have now, it’s money. We are managing with 40 per cent reduction in our allocation from the Federal Government. It is not as if I even enjoy saying I depend on the federal allocation, but the truth is that there is no magic that I would have made to suddenly taken our state out of  dependence on the federal allocation.
“It is important for us to know that there is no justification for that 40 per cent reduction in our allocation. The price of crude oil has remained almost the same at $108 per barrel, and the benchmark, according to them, is $75 per barrel.”
According to the governor, the state is now being forced to source for funds outside the federal allocation in order to meet its responsibilities of paying the entitlements of civil servants and retired workers.
He said, “So we are not close to the benchmark of $75 and yet since July of last year, there is a 40 per cent reduction in our allocation.  What that translates to I will tell you.
“It means I have to get N5.4bn to augment salaries and pension from July to December; N5.4bn extra, outside allocation, to ensure that since civil servants who are still active and those who have retired are paid their entitlements.
“What I receive from federation account is not sufficient to pay salaries.”
The governor, who represented a former governor of Lagos State and National Leader of the APC at the event, Bola Tinubu, who was the chief presenter of the book, bought copies of the new book at N5m on behalf of the Osun State.
He bought copies of the book  on behalf of himself with N500,000 and announced N2m for the launching of the book on behalf of Tinubu.

Keep talking trash. The electoral tribunal will soon come out with their verdict ad kick you out.

Useless ram

engrtee:
70 percent of yorubas use charm.

A typical Yoruba man is fetish being.

He resorts to voodoo to get a job, secure a promotion, fight his perceived enemies, woo his women and to secure his personal safety and now his vote.

Sophisticated people indeed.

ilugunboy:
PDP is not a gentleman party......

The only template to deal fatal blow to PDP is the Osun's model.

And again you APC touts will use the lame excuse that not only them are corrupt.

This is exactly how musim apologists defend their violent prone religion by pointing to old testament scripture.

Well the APC after all is a Muslim party with a Muslim philosophy and denial tendencies

Obasanjo talking rubbish as usual.

The FG is already cutting costs especially in recurrent expenditures, infrastructural cuts will also be made so the budget of 2015 is expected to be lower than that of the past 5 years. It is the state govts with their irresponsible attitude to the commonwealth that will be hard hit.

The governors have already started begging the FG for more.

And a state like Osun with one of the lowest IGR and federal allocations has been operating an increasing deficit budget for 4 years straight with much of the resources used to fund the budget coming from bonds ad loans.

This is the problem.

Everything Amaechi falsely accuses Jinathan of he is guilty of to the 10th degree.

Wahala don start for Rivers and I foresee this fool starting ethnic wars in Rivers in order to create a fog for himself and then blame it on GEJ as usual.

Well Rivers people are not daft and they have lived together peacefully. Amaechi it is you that will be a target ad your entire family will be dragged to the streets and burnt like the rodent that you are

obongproff:
Madam u guys are just talking bullsh.it. When we were shouting dat shale oil increase will soon affect ur crude oil price u guys wont listen becos u were busy stealing. Bullsh.it!

Until u cut down d salary of dose bastard lawmakers and their foolish sitting allowance, scrap constituency projects, reduce stupid consumption in aso rock and all dat, den u guys are all fuccking sick, selfish bastards!

Idiots! :@

When will you get sense?

This woman's statements and warnings have always played out with you fools waving it aside.

The state governors are by far the most greedy and most corrupt people on the planet.

Hear Aregberascal below

40% reduction in Osun’s federal allocation unjustifiable – Aregbesola

APRIL 18, 2014 BY ADE ADESOMOJU
   
 

Governor Rauf Aregbesola of Osun State has described as unjustifiable a 40 per cent reduction in the federal allocation being received by the state since July 2013.
Aregbesola spoke in Lagos on Thursday during the launching of a book, ‘Yoruba Elites and Ethnic Politics in Nigeria: Obafemi Awolowo and Corporate Agency.’ The book was written by an associate professor at the University of California-Davies, Wale Adebanwi.
The governor said the reduction had no basis as the nation’s oil revenue did not fall.
He said, “If there is anything my state does not have now, it’s money. We are managing with 40 per cent reduction in our allocation from the Federal Government. It is not as if I even enjoy saying I depend on the federal allocation, but the truth is that there is no magic that I would have made to suddenly taken our state out of  dependence on the federal allocation.
“It is important for us to know that there is no justification for that 40 per cent reduction in our allocation. The price of crude oil has remained almost the same at $108 per barrel, and the benchmark, according to them, is $75 per barrel.”
According to the governor, the state is now being forced to source for funds outside the federal allocation in order to meet its responsibilities of paying the entitlements of civil servants and retired workers.
He said, “So we are not close to the benchmark of $75 and yet since July of last year, there is a 40 per cent reduction in our allocation.  What that translates to I will tell you.
“It means I have to get N5.4bn to augment salaries and pension from July to December; N5.4bn extra, outside allocation, to ensure that since civil servants who are still active and those who have retired are paid their entitlements.
“What I receive from federation account is not sufficient to pay salaries.”
The governor, who represented a former governor of Lagos State and National Leader of the APC at the event, Bola Tinubu, who was the chief presenter of the book, bought copies of the new book at N5m on behalf of the Osun State.
He bought copies of the book  on behalf of himself with N500,000 and announced N2m for the launching of the book on behalf of Tinubu.

AcidosisMega:
This man will die very soon

He will not smell 2015.

Tinubu is a fetish man and this has confirmed that the ritual killings and abductions in the southwest during the build up to the Osun and Ekiti elections has his leprous hands all over it.

Rauf was and is still a voodoo Alfa priest who mixes traditional voodoo with Islamic satanic rituals.

elspycey:
To the roots jor!

Politics in the African way.

Ride on boss. 9ice one

Abi oh! Since we have an ex drug dealer as a goth father to must of our governors and legislators I see no reason why we can't get a musician

Yes vote him to sing you a bill.

Nonsense.

[quote author=Bugatie post=28249876]Why are APC members so wugly?
Tinubu, Oshobaba, Lair Mohammed....[/quote

They are vile from the inside

Their outward demeneaur is angelic compared to the evil that resides in them

There they go again

With this latest press release it is clear that the APC is not in any way interested in the democratic process. This is no surprise given that their front running candidate is the most despotic ruler we had who in turn came into power via a coup on a civilian elected government.
Don't let mr even mention the likes of that convicted drug dealer that is a prominent chieftain who has desecrated the democratic process by appointinh and rigging his stooges and puppets into every availlable electable office

They know that they are going to lose come 2015

The only parallel govt they will form will be in kirikiri and hell

estyvino:
Na your papa be fool

Your father was not a fool

He was an imbec1le

Why are there no yorubas?

Only the north, southwest and middle belt will not know peace

If amaechi thinks he can start nonsense in Rivers then he is truly mad