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Foreign Affairs › Re: King Of England To Be Known As King Charles III by NwaNimo1(m): 8:19pm On Sep 08, 2022
Charlie......

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Events › Re: Abuja Big Boys Converge For Colleague's Late Father's Burial Reception by NwaNimo1(m): 8:08pm On Sep 08, 2022
Their wives / chicks...............FUgly

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Foreign Affairs › Re: Queen Elizabeth II Dies, Aged 96 by NwaNimo1(m): 6:42pm On Sep 08, 2022
Politics › Re: FG Says It May Seek Bailout From IMF If Fiscal Challenges Are Not Addressed by NwaNimo1(op): 8:23pm On Sep 07, 2022
Upon all the loans Buhari chop.....

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Politics › FG Says It May Seek Bailout From IMF If Fiscal Challenges Are Not Addressed by NwaNimo1(op): 8:16pm On Sep 07, 2022
The Federal Government has stated that Nigeria may seek a bailout from the International Monetary Fund (IMF) over its mounting debts if it cannot address its fiscal challenges before further escalating. shocked

This was disclosed by the Director General of the Budget Office of the Federation, Ben Akabueze, during an interview on an Arise Television programme, where he insisted that Nigeria needs to sort out its revenue problem.

Akabueze, who said that although Nigeria was not yet in that kind of desperate situation to seek relief from IMF, however, warned that the country may unwillingly ask for a bailout from the multilateral financial institution if the fiscal challenges are not addressed in a sensible and sustainable manner.

What the Budget Office Director General is saying

Akabueze, on the rising fiscal headwinds, said, “Essentially, there are two ways countries end up with the IMF. One is voluntary when they just say look IMF come we need help, or when things get to the grind where they simply have no other option.

“I don’t see Nigeria going to the IMF voluntarily. It’s a hot issue here in Nigeria. But the honest truth is that if we don’t address our fiscal challenges in a sensible and sustainable manner, we may end up unwillingly with the IMF.’’

Going further, he added. “We are not there yet at the point of involuntary. But we could as much stop digging. There is a maxim that if you find yourself in a pit, you should stop digging and start climbing out.

“And if we continue to fund regressive deficits, it is tantamount to continuing to dig. If we continue to pass on reasonable opportunities to increase revenues by introducing taxes, it is tantamount to continue digging.

“Even though I said we should not cut expenditure in total, we need to get more efficient in our spending. If we don’t do that again, it is tantamount to continuing to dig.”

The Budget Office boss said that although he would not advocate for cutting expenditure in total, he advised that the country should be more efficient in its spending, noting that if that the inability to do that will be tantamount to also digging into the hole.

In case you missed it

Akabueze in the same interview suggested that the Asset Management Corporation of Nigeria (AMCON) should increase the amount of statutory contribution made by banks.

The Budget Office also disagreed with the Minister of Communications and Digital Economy, Isa Pantanmi, on the suspension of the 5% excise duty on telecommunication services.

https://nairametrics.com/2022/09/07/fg-says-it-may-seek-bailout-from-imf-if-fiscal-challenges-are-not-addressed/

[img]https://nairametrics.com/wp-content/uploads/2022/09/Ben-Akabueze-1.webp[/img]
Culture › Re: Ooni Of Ife Marries New Wife Months After Naomi's Exit by NwaNimo1(m): 8:05pm On Sep 07, 2022
Politics › Re: JUST IN: Tinubu Denies Rift With Adamu by NwaNimo1(m): 7:56pm On Sep 07, 2022
Politics › Re: Tinubu Transformed Lagos With Blueprint – APC Group by NwaNimo1(m): 7:51pm On Sep 07, 2022
Looting blueprint

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Business › Re: Tony Elumelu Hails Dangote As They Meet In Abuja (Photos) by NwaNimo1(m): 7:00pm On Sep 07, 2022
Politics › Re: Police Protest Of No Wages, Accuse Okada Riders Of Sleeping With Their Wives by NwaNimo1(m):
Due to unpaid allowances, tricycle and Okada riders have snatched our wives because of their inability to take care of them

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.....plus bus drivers, conductors and urchins!
Foreign Affairs › Re: Kemi Badenoch Appointed Secretary Of State For International Trade by NwaNimo1(m): 10:00pm On Sep 06, 2022
Liz don begin to fuckkk up.....

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Investment › Re: 60 African Startups Receive $4 Million Equity-Free Funding From Google by NwaNimo1(m): 8:28pm On Sep 06, 2022
Wey my own?

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Celebrities › Re: Money Rains As Young Millionaires Celebrate Alexreports And Wife (photos) by NwaNimo1(m):
'Toilet Paper' rain......No dollar?

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...not even a N1000 note in sight!
Politics › Re: FG To Install New Flow Meters, Take Over Production Data From Oil Firms by NwaNimo1(m): 7:22pm On Sep 06, 2022
Who do you trust least?

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Politics › Re: Abia: Methodist Church Women Pray For Good Leaders To Save The State (Video) by NwaNimo1(m): 7:05pm On Sep 06, 2022
Politics › Re: Tinubu Visit Jigawa, Expresses Sympathy To The Government And Flood Victims by NwaNimo1(m): 7:04pm On Sep 06, 2022
Politics › Re: Lai Mohammed: The Worst Is Over, Peace Gradually Returning To Nigeria by NwaNimo1(op): 10:59pm On Sep 05, 2022
Whenever Lai Lai opens his stinking, Lying APC mouth.......

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Politics › Lai Mohammed: The Worst Is Over, Peace Gradually Returning To Nigeria by NwaNimo1(op): 10:56pm On Sep 05, 2022
The Minister of Information and Culture, Alhaji Lai Mohammed said the worst is over with regard to the daunting security challenges in the country. grin

The minister gave the assurance on Monday in Abuja at a media briefing he jointly addressed with some of his colleagues.

Others at the briefing include Ministers of Defence Maj.-Gen. Bashir Magashi (rtd), Interior, Ogbeni Rauf Aregbesola, and Police Affairs, Alhaji Mohammed Dingyadi, as well as the Chief of Defence Staff, Gen. Lucky Irabor.

Speaking, Lai Mohammed said terrorists, bandits, and their cohorts will never hold sway anywhere in the country.

He said the security challenges the country had faced were daunting and ranged from terrorism to banditry, kidnapping, separatist violence, crude oil theft, armed robbery and sundry crimes.

He added that the challenges were undoubtedly the greatest to the peace and security of the country since the 1967 to 1970 civil war.

“It is the kind of challenge that would have overwhelmed many nations, but thanks to the purposeful leadership of President Muhammadu Buhari. cheesy

“Today, we are here to tell you that while we may not be there yet, our military and other security agencies have succeeded – and are succeeding – in substantially restoring security across the nation.

“We can say, I want to repeat, that the worst is over and peace and security are gradually returning to the land. shocked

“Please don’t misunderstand or misrepresent this assertion because we may still witness isolated cases of security challenges here and there, but it will not be on the scale that we have witnessed in the past,’’ he assured.

The minister said the successes recorded were sequel to the directive of President Muhammadu Buhari to the military to crush those terrorizing the citizens and there should be no hiding place for them.

He thanked the President for his purposeful leadership as well as the military for their ability to rise to the occasion.

Mohammed also commended the media for their watchdog role and called on them to endeavor to give a big part to the successes being recorded by the security agencies.

Speaking in the same vein, Aregbesola said the security challenges the country faced mostly preceded President Buhari’s administration.

He equally commended the security agencies for rising to the challenges and for largely degrading the groups and persons constituting the threats.

“What we face now mostly are flashes of cowardly attacks from the rumps of groups that have been routed in one location, moving to another to give a false impression that they are still strong. shocked

“Our ultimate goal is to eliminate them altogether and restore total and lasting peace over every inch of Nigerian soil.

“We have been doing this and will continue to do so through the operations of the four agencies under the Ministry,’’ he said.

The Minister of Defence who gave accounts of the military operations across the country said they were achieving greater results through the synchronized ground and air bombardments of the terrorists.

“We have been forcing many of them, including Commanders to surrender in droves, with members of their families. huh

“Areas where terrorists hitherto had some freedom of action are being cleared, socio-economic life is gradually returning to most parts of the North East.

“Erstwhile Internally Displaced Persons are now returning to their ancestral homes to start life all over, in dignity, under a safer and more secure environment,’’ Magashi said.

Specifically, the minister said in the past four weeks, more than 3,407 Boko Haram Terrorists including members of their families have surrendered.

Additionally, he said 66 terrorists were neutralized including one of the key ISWAP Commanders, Modu Chaka Bem Bem and 20 of his fighters, while 55 were arrested and 52 civilians rescued.

He said troops recovered large quantities of ammunition and illicit drugs while the surrendered and arrested terrorists have been subjected to profiling and the relevant legal processes.

Magashi said for the first time, no single incidence of piracy was recorded in the country’s waters in one full year.

He said in the past four weeks, several illegal oil refining sites, consisting of 493 dugout pits, 512 storage tanks, 413 cooking ovens, and 59 wooden boats were destroyed.

Additionally, he said several weapons, vehicles, vessels, and equipment were recovered.

The minister said about 25,800 barrels of crude oil, 3,200 liters of Premium Motor Spirit, and 2,000 liters of Dual Purpose Kerosene were recovered during various operations while 21 pipeline vandals were arrested.
https://pmnewsnigeria.com/2022/09/05/the-worst-is-over-peace-gradually-returning-to-nigeria-lai-mohammed/

Politics › Re: Reverse Cattle Movement Ban, Miyetti Allah Begs Soludo by NwaNimo1(m): 10:28pm On Sep 05, 2022
Politics › Re: Dino Melaye And Femi Fani-Kayode Battle It Out by NwaNimo1(m): 10:07pm On Sep 05, 2022
Hunger Games Naija 2023....

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....Let them continue.
Education › Re: OAU Student Cries Out: No Electricity In Our Hostels For 5 Months Now! by NwaNimo1(m): 10:05pm On Sep 05, 2022
Politics › Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by NwaNimo1(m):
Simple....CBN stop the money printing backed by nothing!

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L.ets

P.rogress
Politics › Re: PDP Crisis: I Will Crush My Enemies, Won’t Leave Them For God – Wike by NwaNimo1(m): 9:30pm On Sep 05, 2022
Wike dness na his name.....

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Politics › Re: Zamfara Kidnapped Worshippers Working On Bandits Plantation by NwaNimo1(op): 9:24pm On Sep 05, 2022
NAF will now go and bomb them....

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Politics › Zamfara Kidnapped Worshippers Working On Bandits Plantation by NwaNimo1(op): 9:16pm On Sep 05, 2022
No fewer than 44 worshippers in Zamfara State who were recently kidnapped by bandits are now reportedly working on plantations being run by bandits, Daily Independent reports.

It could be recalled that the worshippers were kidnapped at Zugu village of Bukkuyum local government area of the state last Friday.

Meanwhile, a resident of Bukkuyum, Abubakar Bukkuyum, who dropped the hint in an interview with newsmen on the fate of the abductees said that the information he received from one of the bandits who communicated with them is that the captives are working on their millet and sorghum plantations.

Bukkuyum claimed that one of the bandits said “Our millet plantations are due for harvest and the captives must do the work for us.”

According to him, so far the bandits have, however, not asked for ransom.

When contacted by newsmen, the police spokesman, SP Muhammad Shehu, said a search and rescue operation had already commenced rescuing the victims.

https://independent.ng/zamfara-kidnapped-worshippers-working-on-bandits-plantation/
Crime › Re: Kidnapped DPO: Terrorists Abduct Ransom Deliverer, Threaten To Kill DPO by NwaNimo1(op): 9:14pm On Sep 05, 2022
Massiveglory:
When you see police paying ransom you understand the mess in the nation.
If after seeing this mess, you are still pushing for apc or tinubu for president, then you know you are a mess and you need to visit yaba.
I come in peace.
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Crime › Kidnapped DPO: Terrorists Abduct Ransom Deliverer, Threaten To Kill DPO by NwaNimo1(op): 9:01pm On Sep 05, 2022
Terrorists who kidnapped a Divisional Police Officer (DPO) on his way to assume duty in Birnin Gwari, Kaduna state have abducted the person who took a N7 million ransom to them, while threatening to kill the DPO if their demand was not met.

The police officer was abducted two months ago on the Kaduna – Birnin Gwari highway around 9am on his way to resume at his new post in Birnin Gwari, following which his family and friends have been negotiating with the bandits for his release.

The families and friends have however raised an alarm that the terrorists threatened to kill the police officer in captivity if their demand for ransom was not met.

They said that despite paying N7 million ransom to the bandits, the terrorists have continued threatening to kill the DPO.

“They first demanded for N550 million, we told them we don’t have such amount of money. We consulted our relations and good friends who donated a total of N5 million and gave the terrorists.

“After collecting the N5 million, they told us that the money was for feeding and we should buy them recharge card for N1 million and a Boxer motorcycle in addition,” a relative of the kidnapped DPO said in an interview with the BBC Hausa monitored on Monday in Kaduna.

“We mobilised another N2 million and send to them. Now, the person who took the money was also kidnapped, he too is there in their captivity,” the relative said.

Lamenting the deteriorating health condition of the abducted police officer in the kidnappers’ den, the relative said his health has been failing as he is stooling blood and had been kept in the open without shelter under the sun and rain.

“The kidnapped DPO is still alive but has been stooling blood while he is left in the rain all through this rainy season. They are chained, he is always begging us to try and get him freed. There is nothing we can do about it,” he said noting that they have done their best,” the relative said.

https://www.blueprint.ng/kidnapped-dpo-terrorists-abduct-ransom-deliverer-threaten-to-kill-dpo/
Foreign Affairs › Re: Horrible: Video, Bridge Collapses While It's Been Commissioned In South Africa by NwaNimo1(m): 8:50pm On Sep 05, 2022
Politics › Re: Charly Boy Blasts Willie Obiano: You Look Like An Old Drunk Palmwine Tapper (Pix by NwaNimo1(m):
Cold don enter his body.......

And lack of Vitamin D / Sunshine / Dust / Noise / Nepa...... dey worry his skin and complexion!


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And I hear say him dey complain he no dey see fresh 'Palmi' dat side..............




Anambra Amaka!
Foreign Affairs › Re: Mary Elizabeth Truss Is New UK Prime Minister by NwaNimo1(m): 12:44pm On Sep 05, 2022
Rishi......see where back stabbing lead you too?

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...traitors!
Politics › Re: Tinubu’s Money Causing Crisis, We Don’t Need It – Enugu APC by NwaNimo1(m): 11:36pm On Sep 04, 2022
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A.nother

P,athetic

C.ampaign

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