₦airaland Forum

The Bank would now permit commercial banks in the
country begin accepting cash deposits of foreign
exchange from their customers.

Accepting deposits from customers? sounds good.

Watch them

drss:
aha! More opium for dem zombies to feel good.

;Dwatch them smoke it, and begin to masturbate in the open

The steeper the drop, the sharper the rebound. So much better days ahead

Before some people start the jubilation the should ask these questions
1) how much is the cleanup exercise supposed to cost shell and fg
2) how much is the fg's share of this total cost
3) how much is the total budget of the ministry of environment.
4) how much is the ministry allocating to the ogoni cleanup exercise.

The answers to these questions will enable one visualize the viability or non viability of this exercise.

phemmie06:
@ OP, you can as well do the research work and you might be given an appointment.

Currently scouting for the figures, if the thread stays alive I believe we will have a better understanding of how the figures for lost crude is generated, and maybe some less technical readers will better understand and debunk some biases they had against the past administration or will have for the current administration.

amaechi1:
Transparent as not telling Nigerians that money meant for arms were shared to their cronies and NIMASA collects dollars and remit naira to FG and the lives of young nigerians who during immigration recruitment means nothing.

Could you please stay within the scope of the topic, because its something that affects our projected revenue, as well as gives better insight into the workings of the past administration.

Dear all, considering how the past adminsitration was accused of allowing crude theft to the tune of 400000 bbls per day, does anyone have credible information about the current volume of crude lost per day, since this new administration came on board? Because I am sensing that the government is withholding that information from the populace unlike the previous administration that was transparent to the point of letting the citizens know where the country had lapses.

In summary if anyone has the figures, then let's hear it and critique the technicalities.

Almost like the assurances of protection from a man on a wheel chair.

Which leg will shettima and his cohorts ise to attack or pursie boko haram...

jmaine:
You can imagine the lousy party and her supporters . . . . .

Don't mind these two faced worshippers of Janus, 2 faced individuals with 2 pieces of mouth for speaking from opposing and contradictory viewpoints.

If the kitchen is too hot, the APC led govt should get out and allow someone adept, to fix things.

Utchman1:
One of the things being done about it is collecting money from thieves and finally sending them to jail to deter wanna be thieves.

Good morning bro,

So far, it doesn't seem so.

Gayigaskia:
If you want to believe that trash go ahead

This source broke the news from the social media change agents dinner at the villa, and I received a mention just like yours, but then it was verified, so I can give this the benefit of doubt and watch it get to front page.
By the way do you honestly think the Daura man in aso rock and the one at DSS headquarters are both working independently?

Themaingate:
do you have NORMAL HUMAN BRAIN at all? definitely NO . NA FISH OWN YOU GET THAT IS WHY YOU CAN BELIEVE THAT THE EFCC IS WAITING FOR MR PRESIDENT

Very bad up-bringing you have there, please learn to speak without cursing. Have a good night

So the EFCC is now waiting for her chairman (Buhari) to give orders before they know what to do. Thats why I was of the opinion Buhari should have been either an EFCC chairman, or some sort of Presidential task force chairman, rather than sitting confused at the helm of affairs of our economy. Economy is bad, fine, but then what are you doing about it.


Lai's attempt at lying.
http://pulse.ng/local/olisa-metuh-arrest-buhari-doesn-t-dictate-to-efcc-lai-mohammed-says-id4529121.html

PassingShot:
Just like the last administration promised that the refineries would work in 2011, then in 2012 , 2014 and 2015 before the 2016 date.

I am dead sure if GEJ had remained, the refineries would not have worked at all. In fact, we might have been looking for a buyer for the country.

Please don't be so full of hate as regards the past administration. Some months ago we saw how the current government's body language made an attempt at cranking the refineries to life, the outcome we all witnessed. That administration so villified, laid the foundation on which this administration is building on, as evident, sector after sector, roads, refineries, railways, power, agriculture what have you.

Your bosses (Fashola, Amaechi) have testified, what are you waiting for?

The previous administration already told us that the refineries will be back early part of this year 2016.

http://theeagleonline.com.ng/nigerias-refineries-to-operate-at-optimal-capacity-by-2016-nnpc/

So its a good work by the present administration but not to forget, kudos to the previous administration for putting the carcass in place for the vultures to feast on.

Sai GEJ Sai Buhari
Long live Nigeria

justice2016:
It appears buhari is learning this job of presidency. Gej was more quick in executing things . I am confused now . Buhari has been one time a head of state

Head of state with "30 years ago" experience

Sibrah:
Otuoke man is your hero for you to write this trash. Help tell your employers to Return the whole money.

If I were you, I would worry about my brain that seems like it has been "short changed" rather than where anonymous people on Nairaland, get their pay or who they have as their hero. We are talking about figures that are glaringly visible to the blind here my friend, and not some phantom accusations against our countries exNSA for charges that he has pleaded not guilty to and for monies the DSS hasn't been able to point to.

Ghandi12:
Have you forgotten the budget is based on $38/bbl of crude oil and this has been predicted a joke by the powers that be. We are going to be living on huge loans 2016 but our leaders will never lack anything good - in fact this document makes them richer and more comfortable than when we had abundance.

Exactly, we will be borrowing for these people's merriment.

Sibrah:
What's the point if Jonah could supplement with some $2.2B worth of gala and pure water? Common stop that cheap your hero liner.

Spare me that $2.2Billion bullshit, Dasuki is there with a charge of #13.6 billion (3.4%) out of more than #400 billion and a zombie like you is still talking about $2.2Billion arms money.

Maxymilliano:
So the Spartan disposition is a ruse afterall ...

There was never a spartan disposition. A sachet of Milo in a 5 star hotel will feed some people in a working week.

At this rate, Otuoke will become a mecca of sorts for apology, when everyone begins to visit to tender their unreserved apology to President Jonathan.

Nigerians here comes your 50kobo change.

#Whatissubsidy#50kobochange#4legsgood2legsbetter

Oya everybody March to Otuoke and begin to apologise to Jonathan.

So 2016 will be hard for Nigerians, yet the few pigs in Aso rock have increased their budget by themselves and for themselves. And some followers will be online cursing and battling with fellow suffering citizens, to justify the "serious chopping" about to commence at the state house.
This current government is a classic example of
"FOUR LEGS GOOD, TWO LEGS BETTER" ---Napoleon, in George Orwell's Animal Farm

Mods ought to get this thread to the front page, this is outright silly. Are these the "capital projects" that we will be borrowing 2 Trillion Naira more or less, to fund? Plus an expected supplementary budget that will be up to or over a trillion naira.

DaBullIT:
People and propaganda

Shame on you [b]squash1986[/b]You are a disappointment to all PDP lie Peddlers

TRAVEL& TRANSPORT - GENERAL 14,666,862
22020101 LOCAL TRAVEL & TRANSPORT: TRAINING 6,479,571
22020102 LOCAL TRAVEL & TRANSPORT: OTHERS 8,187,291


That's all i could find .. and those of you commenting, you didn't bother to search the document, which is a shame

23010120 PURCHASE OFCANTEEN / KITCHEN EQUIPMENT 23,550,000 NASS i think

23010120 PURCHASE OFCANTEEN / KITCHEN EQUIPMENT 10,000,000 for NATIONAL INSTITUTE OF HOSPITALITY AND TOURISM DEVELOPMENT STUDIES

23010120 PURCHASE OFCANTEEN / KITCHEN EQUIPMENT 25,800 FGC birin Yauri


23010120 PURCHASE OFCANTEEN / KITCHEN EQUIPMENT 3,436,000 FGC Kano

I do not see your figure anywhere squash1986 , did you pull that number out of your arze ?

My friend did you read through the 1800 page document? The figures the OP posted are all there including 3.6billion naira for BMW cars

Purchase of BMW cars -------pp6-----N 3,630,000,000


Guys lets do well to spell out the item, page number and the amount budgeted for items of "interest"



This government is just a case of "FOUR LEGS GOOD, TWO LEGS BETTER"---Napoleon, George Orwell's Animal Farm

SignalNG1:
Nigeria’s Minister of State for Petroleum, Ibe Kachikwu, on Sunday, said Nigeria will continue to import fuel beyond 2016.

Speaking at a Press chat with journalists shortly after a tour of the Kaduna Refining and Petrochemicals Company, the Minister said “the future is that, Nigeria is still going to import fuel in 2016 and beyond.

“Until we begin to get individuals who can co-relocate, we are going to be doing a mixture of local and importation of fuel to meet up demands.

“Best case situation is 25% local and 75% importation. Worse case is what we are experiencing now.

“In the next few weeks, however, queues will disappear in fuel stations,” he stated.

The Minister said Kaduna Refinery will soon attain 2 million litres per day capacity as soon as an FCC unit is fully on stream.

“We need to get it back to re-kit it to work well. We will do that with some level of production going on,” said Mr. Kachikwu.

“Our concern is to have a consistent production and provision of products at all times.”

On subsidy and pricing, Mr. Kachikwu said “we will not be fluctuating prices, we will take an average. Today no subsidy, in January we will look at the situation and announce it.”

On privatization, he said “President Muhammadu Buhari has not approved any policy about selling the refineries.”


Read more: http://www.signalng.com/

Taking responsibility for a very long ride

erico2k2:
You got it twisted bro.it's the fault of the CBN gov it would be worthy of note that the Airlines are more than happy to bank their mo eye in Nigeria but what happens if they want to withdraw it in their country try?do Nigeria have the dollar equivalent as back up to remit it's equivalent abroad ?this is the problem.How do they pay taxes in their host countries?we are now spreading our problem to involve them and all they did was to involve in Biz.Someone here predicted that this will drive away investors see.if the likes of Air France. Lift hand a and km plus Delta vacate Nigeria the air fare will skyrocket. What we need is to devalue the Naira not these artificial and non sustainable approach the CBN gov is employing
And to see you got 7 likes n shares on your post shows how backward and ill informed our youths are.

Some people talk about our local airlines filling the gap, forgetting that these are Investments that takes time, imagine airlines having to make orders for planes years in advance (except we need them ordering most of those "3rd hand" flying caskets). I raised this issue of the airlines in a discussion with a friend, just last week's sunday and here we are today. All those ignorantly thinking all these news have nothing to do with them, will soon find out just how badly it affects them, when ticket prices get ridiculously expensive and planes flying out with half empty seats plus the available tickets can only be bought or paid for from abroad or you fly private One way or the other CBN's policies are serving one major putpose, i.e deeply isolating Nigeria economically from the rest of the world.

kaymighty:
It seems they have quickly forgotten how much we contribute to the GNPs of their various countries. They better close their guts because they will surely suffer more. Quote me!

In all honesty bruv, we don't contribute nada, with our 30 billion dollar annual budget (which is even a first), to say, make a comparison to the state of New York with a budget of 78.5billion dollars for the same period and you will understand that most times we Nigerians are filled with a sense of our own importance.

Blackkie:
I weep for the so called Nigerian youths!
So it has come to the extent that they cannot understand simple information?

Airlines are doing businesses in Nigeria, footing all their bills but cannot take home their profits thus they may reduce the presence due to the dollar restrictions - if you are in their shoes what will you do?

If the western world made it a low that you cannot leave America or Britain with what you have earned in their nation how will Nigerians see it?

From your understanding is this policy not a negative one for Nigerians and our economy?

Can someone suggest to foreigners how best to take their hard earned money home!

Bro pls ignore them, imagine the mentality of the average Nigerian, some people need to travel and see that the world extends beyond their village.

APCLyingBastard:
Even if you have $200bn in external reserves sooner or later it will all be gulped by the import based economy.

The only major earner of forex is the FG which they get mainly from oil.

The only solution is to have the populace controlling and dominating forex flows rather than the govt.


Some illiterates don't know that a huge chunk of our external reserves where eroded not by stealing but by selling to the domestic market.


Jump start our export base and liberalise forex rules and see more Nigerians earn and save in dollars locally.

Don't mind them.