₦airaland Forum

TonyeBarcanista:
Section 82 of the constitution grants the President the power to withdraw money to meet basic necessities in event of non existent of budget pending when a new budget will come into force. Let's drop politics aside for once.

So the country should be run without a budget for 2018 because of Section 82?... Did you read the part of the speech I sent were it mentioned that the passage of the budget also helps states, LGAs and the private sector businesses in their planning?

TonyeBarcanista:
Keep politics aside...

The constitution grant powers to the President to withhold assent if for any reason he is convinced that doing such will better serve public interest or for any other constitutional reasons.

The budget as signed as become Appropriation Act (law) and sending supplementary budget will not nullify the one in existence, it only supplement it.

Meaning, all the so-called budget padding and add-on from the legislators are now legal and bound to be implemented. Does this serve public interest?

Supplementary budget isn't an overriding budget, it only factors what wasn't captured in the Appropriation Act (budget).

Withhold assent so the economy can be on a standstill till December 2018?... ANd then you and your fellow PDP minions will begin to dance shaku-shaku towards 2019?

By the way, in a supplementary budget, unnecessary items can be removed, or their figures cut down.

enm:
14. An example of this increase is the budget of the National Assembly itself which has increased by 14.5 billion Naira, from 125 billion Naira to 139.5 billion Naira without any discussion with the Executive.


That's your answer there. He shouldn't have just cite that of the national assembly own only, out of fairness he suppose to make known that of the presidency too to balance the equation.

Now everybody is attacking and insulting the national assembly and am very pretty sure that increase were not arbitrarily made by the national assembly but in conjunction with the executive. Let look beyond politics .

Oh okay.. now we are landing there...

It's no longer a case of "Buhari lied that presidency budget was reduced"? the narrative is now "Buhari only mentioned a N14.5billion increase in NASS budget, he didn't mention in his letter that some presidency items were increased"...

You guys are just funny; is it a crime if you just say the simple truth while you play your opposition?

And by the way, did Buhari beg anybody to increase his presidency budget?.... This is like a thief who after a robbery, throws some pack of groundnuts over the fence of the police chief. After being arrested, he's now saying, "but I gave some of the loot to the police so the police should be blamed too." What sort of clownish defense is that?

TonyeBarcanista:
Was it of public interest to sign a budget that was allegedly tampered by legislators and padded? If he cares about the peoples welfare all he had to do was withhold assent and exploit the relevant constitutional provision to factor "our" welfare.

I pointed out the importance of quickly signing the budget and the economic detriments of continually having it delayed. I also pointed out clearly that in order not to keep the economy on 'freeze mode' indefinitely, it was important to sign the budget so the economic train can start moving, while the option of a supplementary budget (to correct the errors) can be exploited later.

All these issues were very clearly explained in the budget presentation speech, extracts of which I showed to you in my last post. Tonye, I'm sure you know comprehend my points very well, but are just trying to raise an argument for politics' sake. That explains why I find your arguments amusing.

TonyeBarcanista:
in other words, Buhari agreed to assent to a bill that he knew was fashioned to serve interests other than that of the public simply because of public sentimentwelfare and for fear of being in the wrong side of public opinion? Then he has no business ranting

Lol... I know you know better than this, but you just have to practice your political profession diligently.

point of correction, getting the budget signed as quickly as possible is in public interest, and when you go against public interest and welfare, you get yourself on the wrong side of the public. So whether you argue that he signed it for fear of public scorn, or whether he signed it for the sake of public interest, the most important thing is that signing the budget as quickly as possible is for public good.

And yeah, there is something called supplementary budgeting to correct any issues with the budget without having to keep the economy of the nation on standstill. Some extracts from the budget signing speech below:

http://punchng.com/president-buharis-speech-at-the-signing-of-2018-budget-into-law/

2. When I submitted the 2018 Budget proposals to the National Assembly on 7th November 2017, I had hoped that the usual legislative review process would be quick, so as to move Nigeria towards a predictable January-December financial year. The importance of this predictability cannot be overemphasized.

3. While the Federal Government’s budget represents less than 10% of aggregate yearly expenditures in the economy, it has a very significant accelerator effect on the financial plans of other tiers of government, and even more importantly, the private sector, which mostly operates on a January-December financial year

I hope you now understand why it would be detrimental to keep hanging on the budget till September even as the economy is left on standstill?.. I imagine that is something you would crave as an opposition politician, i.e. for the economy to be in a mess so you can ride on that in 2019; funny man!

15. Notwithstanding the above stated observations, I have decided to sign the 2018 Budget in order not to further slowdown the pace of recovery of our economy, which has doubtlessly been affected by the delay in passing the budget.

16. However, it is my intention to seek to remedy some of the most critical of these issues through a supplementary and/or amendment budget which I hope the National Assembly will be able to expeditiously consider.

kimjongJezebel:
Go and read the President's speech when signing the 2018 Appropriation Bill into law. Read the speech line by line

Out of curiosity, I actually did as you said, I went back and read through the entire budget signing speech but still couldn't spot where the president complained that the presidency budget was reduced; I could only see examples of strategic capital projects whose budgets were reduced.

It's beginning to seem like the act of just raising blank accusations and then proceeding to unleash insults based on a false premise (all for 'likes' and praise) is the latest 'honourable' culture amongst Nigerian youths?... Just in case I'm wrong, I've quoted the entire speech below; can you kindly point out the line where the president said the budget to presidency was cut?

@OBAGADAFFI, you could also kindly help your friend to point out the line...

SPEECH BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA, AT THE SIGNING INTO LAW, THE 2018 APPROPRIATION BILL, PRESIDENTIAL VILLA, ABUJA,

WEDNESDAY, JUNE 20, 2018

PROTOCOLS

I would like to thank the leadership of the National Assembly, particularly the Senate President and the Speaker of the House of Representatives, as well as all the Distinguished Senators and Honourable Members, for passing the 2018 Appropriation Bill, after seven months.

2. When I submitted the 2018 Budget proposals to the National Assembly on 7th November 2017, I had hoped that the usual legislative review process would be quick, so as to move Nigeria towards a predictable January-December financial year. The importance of this predictability cannot be overemphasized.

3. While the Federal Government’s budget represents less than 10% of aggregate yearly expenditures in the economy, it has a very significant accelerator effect on the financial plans of other tiers of government, and even more importantly, the private sector, which mostly operates on a January-December financial year.

4. Notwithstanding the delay this year, I am determined to continue to work with the National Assembly towards improving the budgeting process and restoring our country to the January-December fiscal cycle.

5. I note, with pleasure, that the National Assembly is working on the enactment of an Organic Budget Law, so as to improve the efficiency of the nation’s budgetary process.

6. As I mentioned during the presentation of the 2018 Appropriation Bill, we intend to use the 2018 Budget to consolidate the achievements of previous budgets and deliver on Nigeria’s Economic Recovery and Growth Plan (ERGP) 2017-2020.

7. It is in this regard that I am concerned about some of the changes that the National Assembly has made to the budget proposals that I presented. The logic behind the Constitutional direction that budgets should be proposed by the Executive is that, it is the Executive that knows and defines its policies and projects.

8. Unfortunately, that has not been given much regard in what has been sent to me. The National Assembly made cuts amounting to 347 billion Naira in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to 578 billion Naira.

9. Many of the projects cut are critical and may be difficult, if not impossible, to implement with the reduced allocation. Some of the new projects inserted by the National Assembly have not been properly conceptualized, designed and costed and will therefore be difficult to execute.

10. Furthermore, many of these new projects introduced by the National Assembly have been added to the budgets of most MDAs with no consideration for institutional capacity to execute them or the incremental recurrent expenditure that may be required.

11. As it is, some of these projects relate to matters that are the responsibility of the States and Local Governments, and for which the Federal Government should therefore not be unduly burdened.

12. Such examples of projects from which cuts were made are as follows:

a. The provisions for some nationally/regionally strategic infrastructure projects such as Counter-part funding for the Mambilla Power Plant, Second Niger Bridge/ancillary roads, the East-West Road, Bonny-Bodo Road, Lagos-Ibadan Expressway and Itakpe-Ajaokuta Rail Project were cut by an aggregate of 11.5 billion Naira.

b. Similarly, provisions for some ongoing critical infrastructure projects in the FCT, Abuja especially major arterial roads and the mass transit rail project, were cut by a total of 7.5 billion Naira.

c. The provision for Rehabilitation and Additional Security Measures for the United Nations Building by the FCT, Abuja was cut by 3.9 billion Naira from 4 billion Naira to 100 million Naira; this will make it impossible for the Federal Government of Nigeria to fulfill its commitment to the United Nations on this project.

d. The provisions for various Strategic Interventions in the health sector such as the upgrade of some tertiary health institutions, transport and storage of vaccines through the cold chain supply system, provision of anti-retroviral drugs for persons on treatment, establishment of chemotherapy centres and procurement of dialysis consumables were cut by an aggregate amount of 7.45 billion Naira.

e. The provision for security infrastructure in the 104 Unity Schools across the country were cut by 3 billion Naira at a time when securing our students against acts of terrorism ought to be a major concern of government.

f. The provision for the Federal Government’s National Housing Programme was cut by 8.7 billion Naira.

g. At a time when we are working with Labour to address compensation-related issues, a total of 5 billion Naira was cut from the provisions for Pension Redemption Fund and Public Service Wage Adjustment.

h. The provisions for Export Expansion Grant (EEG) and Special Economic Zones/Industrial Parks, which are key industrialization initiatives of this Administration, were cut by a total of 14.5 billion Naira.

i. The provision for Construction of the Terminal Building at Enugu Airport was cut from 2 billion Naira to 500 million Naira which will further delay the completion of this critical project.

j. The Take-off Grant for the Maritime University in Delta State, a key strategic initiative of the Federal Government, was cut from 5 billion Naira to 3.4 billion Naira.

k. About seventy (70) new road projects have been inserted into the budget of the Federal Ministry of Power, Works and Housing. In doing so, the National Assembly applied some of the additional funds expected from the upward review of the oil price benchmark to the Ministry’s vote. Regrettably, however, in order to make provision for some of the new roads, the amounts allocated to some strategic major roads have been cut by the National Assembly.

13. Another area of concern is the increase by the National Assembly of the provisions for Statutory Transfers by an aggregate of 73.96 billion Naira. Most of these increases are for recurrent expenditure at a time we are trying to keep down the cost of governance.

14. An example of this increase is the budget of the National Assembly itself which has increased by 14.5 billion Naira, from 125 billion Naira to 139.5 billion Naira without any discussion with the Executive.

15. Notwithstanding the above stated observations, I have decided to sign the 2018 Budget in order not to further slowdown the pace of recovery of our economy, which has doubtlessly been affected by the delay in passing the budget.

16. However, it is my intention to seek to remedy some of the most critical of these issues through a supplementary and/or amendment budget which I hope the National Assembly will be able to expeditiously consider.

17. I am pleased with the success recorded in the implementation of the 2017 Budget. A total sum of 1.5 trillion Naira has been released for the implementation of capital projects during the 2017 fiscal year. In response to this and other policy measures implemented, we have observed significant improvement in the performance of the Nigerian economy.

18. To achieve the laudable objectives of the 2018 Budget, we will work very hard to generate the revenues required to finance our projects and programmes. The positive global oil market outlook, as well as continuing improvement in non-oil revenues, make us optimistic about our ability to finance the budget.

19. However, being a deficit budget, the Borrowing Plan will be forwarded to the National Assembly shortly. I crave the indulgence of the National Assembly for a speedy consideration and approval of the Plan.

20. The 2018 Budget I have just signed into law provides for aggregate expenditures of 9.12 trillion Naira, which is 22.6% higher than the 2017 Appropriation. Further details of the approved budget will be provided by the Minister of Budget and National Planning.

21. I thank the Ministers of Budget and National Planning, the Budget Office of the Federation, and everyone who worked tirelessly and sacrificed so much to bring us to this day. However, the job is only partly done.

22. I am sure you will remain committed to advancing our Change Agenda, not only in the preparation of the national budget but also in ensuring its effective implementation.

I thank you and may God bless Nigeria.

http://punchng.com/president-buharis-speech-at-the-signing-of-2018-budget-into-law/

TonyeBarcanista:
As much as I hate to say this publicly, NASS guys have shown to be greedy and selfish bunch.

Those ridiculous projects were inserted for them to have their own share of loot, that's all!!!

If they really care about the grassroots they shouldn't have voted against local government autonomy. Shame to them!

Now my question is, WHY DID BUHARI ASSENT TO IT?

Tonye, the answer to that question is visible to the blind and audible to the deaf. Today is the 22nd of June, in 8 days time, half of 2018 will be gone, but we're still battling with 2018 budget?

You don't need to be told what would have happened if the president sent back that document to the NASS, definitely by September we'd still be talking about signing 2018 budget; and I don't need to tell you who would take all the blame if that happens.

OBAGADAFFI:
Most of the allocations to the executive were increase, contrary to what PMB told us.

kimjongJezebel:
I thought I was the only one that noticed that. Nigerians are the most gullible people on earth. Whatever the lying executive headed by Mohammedu Buhari told them they believe without asking questions. I didn't know The presidency and executive budget in general was increased until I saw this but he cleverly left it but blame those of the National Assembly in his speech. Buhari is a fraud and very deceitful

Did PMB mention anywhere that budget to the presidency was reduced?... I dont know, just asking, it would be nice if you guys can provide a link to validate your comments above.

buhariguy:
And so? What is wrong with this people, they will just be looking for trouble.
Is anything wrong if donated land for business?
Cow rearing is business,
Whether by government or individual .

Let every state give out a piece of land to enable your people to eat cheaper meat,
Or boycott cow meat if you love your people, because everybody in Nigeria cannot be going to one location in Nigeria.

Ah ah! Na by force to give land? What is wrong with you? Must you get everything for free or by force?... There are at least 20 states in the federation that don't mind having those ranches, why cant the ranches be taken to those states which admire the concept?

CilicMarin:
I give up!

Ideato 'Good Boys' loading...

EternalTruths:
Ask Buhari to tell you where he plans to get money for ranching if he never had any allocation for the 2017 budget assigned to the airport.

Oga, what does what you just said about ranching have to do with enugu airport budget?... Cant you see how your bitterness is now eating you up and forcing you to be incoherent?

kahal29:
In Budget matters..... You propose on what you want to do, expenditures you wish to undertake given available resources or revenue. It is a wish list technically defined as the expenditure and revenue plans of the government in a year. The expenditures are tied to your revenues. It is not a sure bet rather as money comes in you fund your proposed projects. If in a particular year you are not able to execute your proposed projects due to shortfall in revenue you re propose in the next year's budget with the hope that your revenue profile will improve.


Now the first proposal was done in 2017 but the economic indices that year showed that oil prices were low implying low government revenue since oil is the major source of government revenue. Futhermore, inflation was high and the economy was also in recession in which we came out from late last year. So all this factors may have contributed to the inability of government to execute the project now making them to represent it in 2018 budget since the economic indices have changed.

Oil prices are up again, inflation is coming down leading to improvement in government revenues.

On a lighter note assuming without conceding that 2 billion was appropriated last year, who is even sure that the said amount was not tampered with at the same committee's stage given the aloofness of our so called senators/ representatives and bearing in mind that we only got to know about the cut through PMB.

Finally don't allow your hatred for PMB to either consume or destroy you. Take a course in Accounting or Public finance to help yourself.

What you've explained here is just common sense which even primary school pupils understand. But the guy you quoted is only just being consumed by bitterness/anger against buhari which has eroded their common sense.

freshvine:
Buhari should stop playing to the gallery and create a supplementary budget for the project instead of hookwinking the gullibles not believing his divisible antics. we know his die hard senators positioned at the appropriation committees levels did his bidding.

This bigot buhari closed that airport last december on flimpsy excuse when it was expected to become a beehive of activities.

They don't want that airport to work!

Was the airport actually closed for work or was it only a plan?

diebuhari1:
Buhari is using that airport terminal project to siphon money every year.
Thief!

EternalTruths:
I hope Afonjas read this part below of how Buhari wants to siphon money through that budget

“Instructively, the National Assembly approved exactly the same N2 billion for the same terminal building in the 2017 Appropriation Act. So, I believe the relevant committees of the National Assembly committees are on top of the situation.”
Culled from Vanguard Newspaper

UncleSnr:
I thought I was the only person that saw it. People won't read but will gracefully jump into conclusion.

gratiaeo:
We already know Buhari game plan 2 billion was appropriated in 2017 but no work was done why is he now crying about 2018 cut

Mordecai:
Hypocritical PMB did nothing with the N2bn appropriated in 2017. Now, he wants to tell us he will not do anything in 2018 because funds were not appropriated.

The only reason the bugger is still president is that our people are illiterate, uneducated and easily taken for a ride. The more reason he'll keep working to ensure education is flat on it's head.

Well, no matter what the hypocrite does, he cannot stay beyond 2023.

We are waiting, and watching.

What exactly are all these guys talking about?... So if 2 billion was also budgeted for the airport in 2017, how is that a justification that the budget should be cut by 75% in 2018?.... How does that amount to "Buhari is siphoning the money"?

Are we even so sure no work at all was done on the airport under the last budget?... Now let's assume no work was done, was the full budgeted amount released?... How exactly was the money siphoned?... If the budgeted figure wasn't released last year, is this the first time we shall be hearing of a project budgeted for but not executed because of paucity of funds?..

If a project was budgeted for last year but couldnt be executed due to funds, I would imagine the normal thing to do is to re-include it in the new budget. So I'm confused by these comments, if the money could not be released last year, how is that now a justification for the budget to be cut this year?... how can any 'okay' person possibly defend the legislators on this?... Is this how far the bitterness against buhari drives people now?

Wanted to say something but .. in fact, in short.. let me exercise restraint

omenkaLives:
I develop a migraine trying to figure out how these guys even manage to make it through a whole day without hanging themselves. They seem pretty much fed up with living.. I don't think the world would miss such elements if they took the easy way out.

These guys sometimes need pity, take it easy on them.

weyreypey:
Locomotive train in 2018 deserves no kudo

Bitterness × Ignorance, a very toxic mixture! This dude has been on rampage all over this thread.

Oga do you know what a standard gauge rail is?... No need asking if you know what the term 'locomotive' means because you already exposed your ignorance in that subject.

Wonderful wonderful!.... Finally the Super Eagles can use this as a consolation that they were all that useless in the first match.

Na wa... who shall heal Nigeria?

History simply repeating itself; few years ago, the Jonathanian team blamed the opposition for everything wrong with Nigeria. They accused opposition of sponsoring Bokoharam insurgence to make GEJ look like a bad leader, they accused opposition of sponsoring Niger delta militants to blow up gas pipelines to prevent Nigeria from having constant electricity, they even accused the opposition of sponsoring different stints of kidnappings which were on the rise around the country, and after the plane with $9.6million cash was apprehended in South Africa, I remember they also accused the opposition of tipping off the south African government at the time.. Lest I forget, I remember after it was first announced that ebola had been successfully controlled in Lagos, and then several weeks later a case was reported in PH, I remember the Jonathanian team claiming it was the opposition simply trying to spread fear of ebola after they had tactically tackled it to make Jonathan look bad.

Years later, and we're wondering why blames and accusations is now the hallmark of our democracy?

Lol.. Iberiberism

Yungshegz2:
Wilfred Ndidi has stated that Nigeria’s players are now looking forward to their next game against Iceland on Friday at Volgograd Arena after failing to impress in their opening 2018 World Cup tie.

On Saturday, the three-time African champions succumbed 2-0 to Croatia and will have to secure a win against Heimir Hallgrimsson’s men to brighten their chances of avoiding an early exit from the competition, and the Leicester City midfielder said the Super Eagles have put the setback behind them and now focused on a better display on Friday.

“Even though we are players, we are also Nigerians. The loss is behind us, we die there in the next game,” Ndidi tweeted.

The three-time African champions have only failed to make it to the second round of the competition in 2002 and 2010 editions.

source:https://www.infonewsnigeria.com/discussion/1318/we-ll-die-against-iceland-ndidi?new=1

Lol.. this statement reminds me of our favourite athlete Divine Oduduru (a.k.a I never hexperred it).... "We will all die on the line"

I came here to check for HITMAN and MAX PAYNE. Only HITMAN made the list, so not too bad.

Bizibi:
oh!! E be like say u never sit down with their type before.

I say make you advise me naa.. 2019 is fast approaching and whether we like it or not, somebody must be pushed to Aso Rock, else Bubu go kontinuu without stress. So if you say this hustler is fraud, who we go back?

Bizibi:
I will repeat it again and again,don't fall for his tricks.

So advise me, whose trick should I fall for?

Bizibi:
don't fall for his tricks ooo

At least I see his efforts, I see his fighting spirit, I've seen his antecedents running under the sun and in the rain since as far back as 1993 doing what he believes in his own right was best for Nigeria. Since the return of democracy in 1999, I know his history of fighting and exposing the ills and evil of different administrations irrespective of tribe, ethnicity or political affiliation; I remember vividly when he started the saharareporters movement and how he used the platform to fight OBJ's 3rd term/life presidency agenda to a halt; I know how he fought and exposed the Turai kitchen cabinet/cabal that held the poor little Johnny hostage when Yaradua was ill; I remember how he was the first to reveal that Yaradua was clinically dead despite the tricks of the cabal.

In summary, I know Sowore and I can attest too his efforts to create a better Nigerian society. Presently, I have also seen him campaigning tirelessly for the presidency, travelling the length and breadth of Nigeria trying to convince people at the grassroots; no other presidential hopeful has done this, they all seem to be waiting for endorsements from godfathers and moneybags to fuel their campaigns 2 months to election. If you say I shouldn't trust this one, who should I trust?.. Atiku? Makarfi? Fayose? Buhari? Dankwambo? Duke?... or maybe I should keep waiting for Duke or Durotoye or Moghalu who seem to just sit with arms folded in their homes speaking English only when invited to shows?

StaffofOrayan:
He has fought the powers that be for 12 years and detractors still can't call him out on a single false story
Before Sahara Reporters and after, there has not been a news media that shook up the polity
Campaigning for Buhari,Atiku,Dakwambo, Mafarki and others is the definition of madness;
Doing the same thing and expecting a different result.

Jonathanians claim Sowore helped remove GEJ, so he's a sworn enemy for life. Some others top it up by saying Sowore received big brown envelops from Tinubu to help remove Jona.

Bizibi:
don't fall for his tricks ooo,we know his type.......

A young man that has continuously fought passionately for a better Nigeria in his own little ways for decades, a man that in the past few months has been going from state to state, meeting and speaking to people at the grassroots, at present, yet ee say we dont trust him.

At present, he's the only presidential hopeful who is campaigning; others simply wait till 2 months to elections, get blessings and sponsorship from godfathers, buy their way through elections, get to power and repeat the inept, irresponsible leadership cycle. Are those the type of leaders we still want, the ones with big agbadas?

If I may ask, from the list of candidates who have declared interest so far, which ones have made any effort at campaigning?

Fuckyoumod:
who else noticed the total neglect of the South - south and south - east?

Even the Niger Delta that would solely generate the money that will be used to fund this rail projects was neglected and none was sighted in
the Niger delta.

I blame Goodluck Jonathan.

And for the militants in the creeks this is when your needed.

This is the kind of injustice you should be blowing up oil and gas facilities and pipelines for.

This is injustice!

Of course there would always be that insecure confused fellow in each thread spewing "Hate × Ignorance" to the admiration of his fellow ignoramuses.

The report talks of several state owned rail initiatives, and then mentions the Abuja light rail. But this fellow wants Lagos state governor to come and build a light rail system in the SE because the SE is probably an IDP camp which has no governors right? Meanwhile the one built partially in Rivers state, the new governor declared he will abandon it to the cheers of fellows like this. Now he has a problem with Kano state and Lagos state governments building light rail networks and he as a non-niger deltan calls on Niger Delta militants to start blowing up pipelines and destroying their environment.

@Fuckyoumod, walahi, to slap you dey hungry me!

dammy13:
I met a young lady on Twitter about seven months ago. An issue was trending on twitter back then and we had opposing opinions, we kept attacking each other to the point that she insulted me and called me a novice.

I finally entered her DM with the aim of advising her…but she was waiting with an apology which I accepted and we became pals.

After thirty days of chatting non stop we decided to meet! She lives in Port Harcourt while I’m based in Lagos, she arranged my flight, booked my hotel, without asking for money. She told me to give her when we see. I was touched.

So I met Dara, 29, she is not drop dead gorgeous, not beautiful by the standard of many but the most unusually beautiful girl I have seen. Chatty, funny and charming.

She took me to the hotel and long story short, we had sex. She didn’t spend the night with me but returned the next day to see me.

I returned to Lagos with nothing in my heart but the accomplishment of ‘catching’ another girl. I told my friends everything about her, and they laughed at how easily I laid her.

I stopped chatting with her, avoided her calls for two weeks until I realized I was hooked, not infatuation, not the sex, I was in love. I talked to my friends and they thought I was a fool. They called her ‘cheap’ ‘slut’ and all that, they said she’d sleep with everyone like that.

The thing is I don’t think Dara is like that, I think I seduced her and gave her no room to really resist. I called her and apologized for being MIA. We’ve been good since then, but my greatest regret is talking to my friends about her.

They don’t treat her well, they are convinced she is bad. “No one marries the girl they slept with on the first date” they keep telling me.

I love her, I want to marry her, she has given me no cause to worry… I want to believe my friends are wrong on this! Is there a guy here who married a lady he slept with on the first date? Am I safe? I haven’t proposed but I know I want to marry her…

https://goldmyne.tv/featured/matters-heart-sex-first-time-make-bad/

You guys had sex after 30 DAYS OF NON-STOP CHATTING, CALLING AND PROBABLY VIDEO CALLS. I find it hard to see why that should really be classified as sex on the first date.

chloride6:
People are always so quick to project grand plans without looking at the realities on ground.

Nigeria is worse off with this FX regime. In the last 2 years, Canada has become the next haven for the best of our human capital. In the next 5 years, the labour turnover rate will cause a labour crisis. Even Managers in Banks are packing off.

The average Nigerian is too poor to wait for your "Refinery" to land. In as much as foresight and long term thinking is encouraged, if you dont survive the now, how will you fare in the future?

The fastest way to ameliorate the present condition of the average Nigerian right now is to revise the exchange rate but the key reason is why this hasnt been done isnt because of any economic advice.

This foreign exchange regime has remained so because the Nigerian Government prefers to stay liquid at the detriment of its people.

Government revenue is majorly determined by FX rate and Crude oil revenue.

Revising the FX rate will make the FG take a hit on its source of funds to meet its obligation and it is not ready to do that.

This Govt is already addicted to spending over 7 trillion annually.

Jonathan's last budget was 4.2 trillion from 4.9 trillion the previous year. Jonathan preferred to take a hit in govt revenue and maintain living standard for the common man.

If the living conditions of the average Nigerian was bad at 200 Naira to a $, imagine what it is now.

We need a homogenous mix of short, mid and long terms goal.

Well, this is all up for argument. I'm not an economist, or an expert in economics, I only stated things I believe I read or heard from different sources; people who claimed to be economists argued that the Naira was greatly overvalued at N150/$ for a country that produces next to nothing. Several economists have also deeply criticized the system of the CBN pumping in cheap forex into the market to artificially bolster the value of the Naira; in some quarters it was termed "subsidizing of importation" and it was highlighted as a major factor killing local industries. This argument has been in the airwaves for a long time and they did not originate from me.

I agree with you, things are hard so it makes sense for the government to consider "subsidizing importation", but when you look at it, as long as we don't produce the basic things we consume, there will always be some kind of "subsidizing". It's either the government subsidizes forex for cheap importation of everything (including fuel) and risk killing local production as was the case in the past, or the government subsidizes only fuel as it is trying to do currently to gain more money for it's obligations. But at the end of the day, the money saved by not subsidizing forex is still spent in subsidizing fuel imports and the vicious cycle continues until we freaking get priorities right by fixing refineries.

Anyway, I envy whoever becomes the next president in 2019 when the Dangote refinery and the other about 6 modular refineries currently under construction come to service.

KratosCorp:
Nope, your answers were nowhere near satisfactory.

1) I don't know where you are getting your current landing cost estimates from. NNPC boss said that the corporation is not a public agency and therefore refused to provide details of their dealings. They also refused to publish the relevant stats on their website. So save me the voodoo high landing cost calculations.

It's written in the main report by the Op.

2) Claims of corruption is not a justification for GOING BACK into government monopolies that has a 100% history of FAILURE. How did we move from splitting the NNPC to giving that same corruption HQ an unregulated monopoly over the most essential commodity in the country? Was it just because buhari is called the minister?

I agree, it's a terrible thing to not be transparent about the workings of NNPC, but I totally disagree with the idea of throwing back the responsibility of fuel importation back to the numerous devilish capitalist crooks that made up the fuel import cabal. If the government is serious, it will definitely be a much easier task for the FG to monitor the actions of just the NNPC (as the sole non-profit fuel importer) than to monitor the actions of the thousands of devourers who swindled Nigeria mercilessly during the subsidy bazaar period.

3) You really sound so clownish with this "no money is paid from the government or NNPC to anyone". In one breath you said that loses are INTENTIONALLY MADE and then COUNTED AS OPERATIONAL COSTS which are then DEDUCTED (about 1 trillion per annum) from the money that should have been paid into the government treasury. Yet, in the same breath you said that "no physical money is being paid to anyone". Obviously, it's either you don't know what money is, or you are just being so irresponsible.

I'm sorry you did not understand the essence of my explanation. When the government wants to spend money in its coffers, there is definitely a need for the NASS reviewing and approving. But in this case, the money doesn't even get to the government's purse at all.

For example, multi-national JVs deduct their 'operating costs' before remitting the government's percentage of the income to government; likewise the NNPC also deducts its operational costs before remitting profits to the FG. In this current case, the explanation given by the NNPC/petroleum ministry is that the losses it made from fuel importation and distribution (at lower cost) is part of its 'operational cost' which it deducts before remitting its overall profits to the FG. This explains why it isn't classed as an expense by the FG which needs appropriation. Now this is the explanation given by the NNPC and not Obailala's explanation, and I am neither hailing the process/procedure as good or bad. The only issue I have is the refusal to throw the books open for all to see. It is left for the NASS to use its powers to change the Act concerning how NNPC deals with the FG.

Finally, Buhari and his cronies are running the NNPC. This same gang of innocent thieves are making unregulated deductions from source while you hail them. Can you imagine your production manager counting unregulated and unverifiable expenditures as operational costs in your factory?

Kindly go back and re-read my post and please point out where Obailala hailed anyone dead or alive?.. That I did not agree with your argument and that I gave a clarification, how exactly does that equate to "hailing government"?

Like I said before, it's a sad development that those in power have continued to run NNPC in secrecy, the very act which was condemned when it was a norm by previous governments. But then, try and purge yourself of anger towards everyone who doesn't totally agree with your position; that anger mixed with political sentiments prevents your from comprehending simple explanations.