₦airaland Forum

chloride6:
Stop defending this govt, Mr man.

Crude Revenues have shot up, but the common man is poorer for it.

The FG should have revised the exchange rate since more revenues have been received.

This would decrease the pump price of Petrol.

This isn't me trying to defend government, as a matter of fact I try as much as possible to keep away from threads like this because any response would be seen as "defending government". But heck! Many years ago, we did come to this forum to gain knowledge. But now the opposite is the case, tribal and political sentiments have eroded every single sensible discussion on the forum. It pains me when I open a thread like this and see everyone purely focused on the political answer instead of the logical true answer.

Several people queried why there still has to be subsidy payments despite oil prices being lower and pump prices higher. The simple answer to that question is the difference in exchange rate between the periods being compared. But little did I know it was a dreaded crime to now say the truth. Obviously if I had just said, "ah, Buhari is a thief, he siphons all the money to his farm," I'm guessing that would have been a more noble and intellectual answer going by the current mood of people in the thread?.. So what if there was someone on the thread who genuinely just wanted to get educated without being involved in the political angle?.. How exactly is my response a crime against humanity?...

You talk of the exchange rate, of course with the amount in the foreign reserves now, the government can crash the exchange rate. But isn't this what so many economists have advised against?... i.e. using foreign reserves to basically control the exchange rate thereby appending an artificially high value to the Naira which consequently affects exports?.. I imagine the government and CBN intentionally have refused to drive the cost of the dollar down to aid local production. In mu opinion, the best way to solve this current crisis is for the government to take a loan and raise new refineries quickly; Nigeria should have no business importing fuel and that is the genesis and revelation of all these problems. But it seems everyone has their arms folded waiting for Dangote refinery.

Anyway, since meaningful discussions are now a taboo on this forum, I'm off the thread!

KratosCorp:
Why 2012? How about 2014 and 2015?

And how did high USD value lead to monopoly and lack of transparency in the system?

How did high USD value lead to payment of subsidies without appropriation?


You really need to examine yourself.

Why 2012?.. I assume everyone was made aware of the landing cost of fuel in 2012 (N142) during the subsidy debates; that is the reason I used 2012 as an example for comparison. But then, same rules also apply to 2014, 2015 or even 2016 or 2017; landing cost of fuel is dependent on the prevailing exchange rate and global price of oil. So I'm not sure I understand your first line above where you ask of 2014 and 2015.

Back to the main issue... You raised a valid question about why Nigeria still pays subsidy despite oil price being lower and pump price being higher. I believe I answered that question satisfactorily so I'm glad you've now proceeded into more pertinent issues bordering on monopoly and appropriation.

The main reason there was a massive subsidy fraud in 2011 (which led to the subsidy removal in 2012) was because the importation fuel was liberalised, every Tom Dickk and Harry was given license to import fuel and then come collect subsidies from government. As we all know, Nigerians love to take advantage of and abuse things; so there was a massive uncontrolled fraud in 2011 which led Nigeria to pay subsidies of N2.1 trillion in that year alone (a crazy jump from about N650bn in 2010). In order to prevent that mess and ensure control, the NNPC has upgraded its capacity and is now the sole importer of products. That explains the monopoly.

REgarding the lack of appropriation, if you ask me na who I go ask?... The NNPC has the responsibility of supplying fuel to Nigerians; it buys the fuel at say N205 and sells to Nigerians at N145 (i.e. making a loss). The loss is counted as part of operational cost before its other profits are paid to government. In essence, no physical money is paid to anyone, reason why it's not called 'subsidy', and as no money is paid from the government or NNPC to anyone, that was the explanation given why there was nothing to be appropriated. That's my little understanding of the issue.

Reference:
Someone is saying exchange rate is the reason. But the nitwits think folks are stupid like them. They have failed to realise the price rise from 80 to 140 is in tandem with the exchange rate rise. For subsidy to skyrocket is what the white man calls 'double jeopardy'. Something is not adding up. And the fact that the 'most transparent' government in history refuses to light up the scenario indicates that nothing wrong is going to be fixed.

At least in the previous regime real transparency led to the discovery of massive graft when the figures claimed were simply unbelievable. Now that the figures are even more shocking, no way to tell what is going on. Tell me if this is a better scenario today than back then.

I keep on telling folks. Corruption is not the problem of Nigeria or any society, it is structure. The right structure with independent, functional institutions is the key where citizens at all levels have a degree of power. Today, the word of Mr. President is bond and law. And today even where he errs, it is impossible for society to recover. How can the destiny of a nation beheld by the wprds,a ts and disposition of one man without question.

Democracy without fail safe is bound to fail. Today Nigeria may be losing billions to waste or thieves. No way to check, no way to redress. We just have to 'believe' all is well. Is this what a human being sacrifices a vote for?......

Why couldn't you respond to me directly? You had to hide to insult me while exposing your poor understanding?... You speak like an enlightened person so it's a shame that you still couldn't understand the simple explanation I gave as to how the exchange rate affects the current subsidy bill. I will try again to explain, but if only you can purge your heart of bitterness and political sentiments, I think the explanation would be clear to even a primary school pupil. Not every issue must be viewed from the angle of politics, some things are just common sense.

Remember Nigeria buys its petroleum products from abroad using forex?
In 2012, the exchange rate was ~N150/$, oil price was ~$100/bbl and landing cost of fuel was put at ~N142.
In 2018, the exchange rate is now double (N305/$), oil price is ~25% less (~$75/bbl) and the landing cost of fuel is quoted as ~N205.

@Reference, you asked why Nigeria still gets to pay subsidy when oil prices are lower and pump price is now N145. I responded that the exchange rate was the simple answer seeing that Nigeria uses dollars to import its fuel and the dollar now cost twice what it cost in 2012. And then you called me a 'nitwit' for the above answer?... Your mind and reasoning are obviously held in bondage by political sentiments so it would be silly to further respond to your type.

@Quidquopro
With all sincerity and honesty, kindly read the bolded explanation I gave above regarding how the exchange rate is responsible for the current subsidy payments and please tell me if that was a stupid explanation warranting the 'nitwit' insult from @Reference above?

Reference:
I see. But exchange rate was not a factor pre 2015. It was corruption then, now it is exchange rate...

Anyway I have said it. By 2019 everyone will be demystified.

Several people on this thread asked why subsidy is still paid despite the fact that the pump price is now N145 and oil prices is lower than what it was 5 years ago. I gave the simple answer to that question being that the exchange rate is now twice what it was 5 years ago. I hope you understood the answer I gave regarding how the exchange rate infulences landing costs?

Then with that aside, talking of corruption, it is common knowledge that there was massive corruption in the way subsidies were paid to every Tom, Dickk and Harry for both fuel imported and not imported alike. NOI talked about it, Sanusi talked about it, GEJ talked about it and proferred a solution which was to end subsidy payments completely in 2012... The system is obviously now more controlled (or more controllable) as only the NNPC now does the importation. I can't speak for anyone about the secracy in providing full details of the current payments or passing it through the NASS though.

Esseite:
Have you forgotten Fuel price was even reduced to N86. When crude price dropped.

Now baru is telling us we consume twice more than we consumed in pre 2015 when we had no recession, unemployment and poverty level this high.. he pegged the increase on fuel diversion, now when do you think we had more fuel diversion? When crude was at $100 or at $74 with subsidy payments on both scenerio?

Their are some notions that are not defendable.

The exchange rate is the answer to your question; the exchange rate now is twice what it was in 2012 (N150/$ to N305/$), and consequently, the landing cost of fuel is twice what you would expect it to be when compared with figures from 2012.

I'm a bit confused at why this simple factor has evaded the minds of everyone dropping comments on this thread.

KratosCorp:
You did not mention that the subsidy under GEJ was also much lower and approved by the Senate.

Now what do we have under Mr. Integrity as the petroleum minister?

1) Crude oil price is lower than it was during GEJ era... but, yet.

2) Fuel price is almost doubled, .... and yet,

3) Subsidy is now more than doubled, shrouded in secrecy and is paid illegally without constitutional backing or national assembly approval.

Integrity my foot.

The answer to the question you raised above is very simple if you think about it with an open mind.

In 2012, oil price was around $100, the exchange rate was about N150/$ and landing cost of fuel was around N142.

Today, oil price is around $75, the official exchange rate is double what it was in 2012 at N305/$ and that explains why the landing cost of fuel is now about N205 now (instead of being lower than what it was in 2012 when oil price was higher).

I hope you now have your answer?

The vicious cycle of fuel subsidy payments would persist until Nigeria stops the foolish system of fuel importation using forex.

As long as Nigeria continues in the foolish cycle of importing a product it should be producing, the vicious cycle of fuel subsidies eroding the nation's finances will continue.

rentAcock:
Russian technology.

I've always known that Russia is technologically behind most first world countries like America, the UK and France. Putin and his comrades hide behind their stockpile of nukes and go about sabre rattling because no one wants a nuclear war that will end the world. They are not only cowards, but also technologically inferior. In a conventional war without nukes, Russia will be annihilated.

Lol.. Russian birds are known globally to be about the most rugged. They dont go about advertising and pumping out propaganda about their technology like the west does everyday to mould your opinion. From this your comment, one can clearly see you're a victim of western propaganda.

Oh and by the way, the report even said it was an Airbus.

gurnam:
I understand, this is part of the crazy brainwashing of Nnamdi Kanu

It's really sad and disturbing that even educated minds could be twisted so badly to the point where they cant reason normally any more.

Which one amongst the two pictures is the original?... or did I darken the contrast on my screen?

gurnam:
You are taking the opinions of nonentities like the person you quoted too serious

Ahhh.. sometimes you have to take these opinions seriously cos the sheer number of people bearing this sort of putrid mentality out there is alarming. it actually includes very well educated persons.

TylerDurden:
Nobody is against Dangote building a refinery of his any where he likes.

He can even site it in Sambisa forest for all I care but what I will not accept is for that same refinery to be supplied with crude from the ND.

After extraction, ND oil is stored in terminals like Qua Iboe, Escravos and Bonny; the oil stored in these terminals is then sold to buyers from different parts of the world - India, USA etc and everyone is happy.

But now a Nigerian buyer indicates interest to also buy Nigerian oil for his refinery, but you have a problem with that because you do not like the tribe of the Nigerian buyer. This sort of mentality abounds even amongst people who claim to be university graduates yet we wonder why Africa is called the shithole?

TylerDurden:
Dangote is building the world's largest refinery in Lagos. Lagos was chosen by Dangote after it was revealed that crude oil deposits had been discovered in Lagos. Why then is Dangote constructing a deep-sea pipeline that will link crude and LNG from the ND to his refinery in Lagos?
The honest truth is that Lagos has no crude oil. The only reason they gave Lagos that fake status is so that Dangote can site his refinery there will sourcing crude from the ND.

Even operation Crocodile Smile which saw parts of Lagos and Ogun being bombed was part of paving the way for Dangote's pipeline. But the useless Afonjas cheered the Hausa-Fulani bombardment of their communities and peoples.

The only reason Dangote is building a refinery in Lagos is because he hopes to build another pipeline linking Lagos to as far away as Cote'dvoire and he is hoping on getting subsidies from the FG in lifting crude from the Niger Delta.

The Deep-sea pipeline project is to boycott the troubled areas of Warri in Delta, Ondo and Ogun states that have seen pipeline vandalization in the past.

By opting for a deep sea pipeline, Dangote is hoping to secure crude supply to his refinery for onward shipment across west Africa.

Also, in the event of Nigeria's balkanization, Dangote hopes to secure his refinery as he knows the North will not relinquish the SW.

This is Operation Araba part 2!

When hate overshadows reasoning, it kills wisdom and common sense; Hate x Ignorance is a very toxic mixture.

Lagos has oil drilled offshore, but obviously, the entire oil from Lagos will not meet the required volume of feedstock (650,000 barrels per day) for the Dangote refinery. So common sense applied here means raw material (crude) has to be sourced from elsewhere.

Dangote is known to be constructing a subsea gas pipeline to Lagos. It's possible a crude oil pipeline is being constructrd too, but then, Dangote will be paying for the crude, just like all other international buyers of Nigerian crude; it is not going to be a gift.

The gas being transported through the proposed pipeline will be bought and sold, the gas going through the pipeline will not be owned by Dangote and neither will it be given to anyone for free. Dangote is only providing the means of transport for the gas from the oil/gas fields to the doorsteps of those who need and are willing to pay for the gas. Selling this gas will also reduce gas flaring (which is a good thing for the environment of the Niger delta) cos the gas which will go through that pipeline is currently being wasted/burnt away daily because there's no infrastructure (pipelines) in place to help get it to areas where customers for it are located.

Education does not end with learning maths and English and grabbing a certificate. It pays to read widely to broaden your knowledge base.

Tushkito:
yes I said amadi is a common name for ikwerre but u failed to understand the part where I also said the ppl from IMO state also bear the name, so not all amadis are ikwerre ppl.

this is to put it to u that u cannot always use a name to check where a particular IGBO is from, it's just safer to ask.

oga am IGBO and u are not since u have refused to tell me where u are from so don't come here with that bullsh*t.

[s]stick to ur tribe and leave others alone.[/s]

Bye

Huh?! Are you kidding me?... Is my English grammar that difficult for someone who writes English as good as you do to comprehend?... Sorry to say but you are clearly the one who failed to comprehend simple English sentences because you were probably in a desperate hurry to just respond with a pre-meditated attack even before spending a second to read and understand first.

Firstly, I said Amadi is a very common Ikwerre name, nowhere did I directly or indirectly imply that only Ikwerres bear Amadi. So where exactly did you pick that weird conclusion from that you're so excited about?

Secondly, I said Nnanna didn't sound like a common Anioma name and neither does Ochereome. Nowhere did I say or imply that it was IMPOSSIBLE for someone from Delta to bear those name; if only you bothered to digest a message before rushing to reply, you should have also noted that.

Anyway, I hope you're happy now that you have finally used the pointless argument you've been dying to use all day? i.e. "I am Igbo and you are not... and a non-Igbo has no right to discuss any topic related to Igbos".... But sorry to burst your little bubble; I am from the heartland of Igboland Imo state. If only you were paying attention and not just in a hurry to reply with the above argument, then maybe you should have read where I mentioned my origins to you the very first time you asked.

And yeah finally, you are wrong about an assertion you made; it is indeed possible to guess to a certain level of accuracy, the place a person is from purely by the person's name, especially if the person bears certain unique names; e.g. if a person tells me their name is Amadi, I know theres a 70% chance they are from Rivers.... Now if you can't read and comprehend this too, then I'm afraid I wouldn't be able to continue with this exchange.

Tushkito:
my friend nnanna is a popular IGBO name, don't know about ochereome though, sounds very old to me or maybe it's the dialect,but even at that you cannot detect accurately whether someone is from a particular axis of IGBOland by just the name.

For eg amadi is quite popular with the ikwerre ppl in rivers state, in fact I know alot of them bear the name but that doesn't mean that someone from IMO state can't answer the name, maybe going by ur logic u would lump all amadi bearing ppl into ikwerre, and have u forgotten about our lion of ubima, chibuike ameachi? would you say that his name doesn't sound ikwerre so therefore he must be one of the ameachi's from Anambra or enugu?

I can't have an outsider telling me the kind of names my ppl bears simply because u are living in the same con3 with me.

WHERE ARE U FROM?

Just to remind you again of what I said before, a person mustn't have to be from a particular place for him to have an understanding or have a 'right' to know what names from a particular area sound like. You aren't from Rivers or from Ikwerre land, but you just gave an example of 'Amadi' being a common Ikwerre name. It would be totally flawed logic for me to challenge your right to know that so I wonder why you choose to challenge my right to know that Ochereome and Nnanna dont sound like typical Anioma names. kindly put aside your mentality of questioning where I'm from; it'sa baseless argument approach.

Back to the main issue, you said Nnanna is an Igbo name and that one cannot detect accurately what part a person is from just based on their name; but that is wrong and you just contradicted yourself by acknowledging that the name 'Amadi' is very common amongst the Ikwerres. Kindly go back to my last post and re-read it. Just like we all agree 'Amadi' is a common Ikwerre name, I also put it to you that Nnanna and Ochereome do not sound like typical Anioma names. I don't seem to understand why you feel troubled with my comment even when you still buttressed the same point with your exexample

mabea:
How much do you know about delta igbo names to make you think that Nnanna does not sound like a delta igbo names? Maybe you should remove the igbo in the delta.

Tushkito:
since u are now an expert in IGBO namology, u know the kind of name each IGBO clan answer, then tell me where are u from?

Tushkito:
And where are u from then?

Dear Tushkito,
By repeatedly asking me where I'm from, I think I already know exactly where you're headed; you probably want to drag the argument to the simpleminded realm of "Oh he's not from this area, so he shouldn't have a right to know what typical names from the area sounds like." But may I remind you, irrespective of where I'm from, I dont have to be from Russia to know what typical Russian names sound like, neither do I have to be from or live in Spain or Akwa-Ibom to know what typical Spanish or Akwa-Ibom names sound like. I already made my point, after living and mingling in Delta state for over 20 years, 'Ochereome' doesnt exactly sound like a typical or common Anioma name, neither does 'Nnanna'; this is just my opinion, and it has nothing exactly to do with the issue discussed on this thread which I'm not really interested in. And and by the way, since you're so interested in where I'm from to cap your argument, I'm from Imo.

Dear Mabea,
From close interaction, I think I have a fairly good appreciation of Delta Igbo names and I haven't really come across any Anioma person who bears 'Nnanna' or 'Ochereome'; but that is not to say it's impossible. By the way, what exactly do you mean by "Removing the Igbo in Delta"? You lost me there.

These Rivers state political thugs keep sailing from one harbour to the other in search of daily bread.

Tushkito:
And how do u know what an IGBO name from delta sounds like?

What kind of question is this?... Am I supposed to be from Russia?

Ochereome, Nnanna. Hmmm...These two names absolutely do not sound like Delta Igbo names, I'd be surprised if he is truly from Delta.

ipobarecriminals:
that lunatic freeze nor go see dis one oo

But isnt it the harsh criticism and challenge of lunatics like Freeze that has led to this new development?

This is the exact sort of thing Freeze has been challenging Nigerian churches to do to prove they are really and truly followers of Jesus so however you look at it, one can say the lunatic Freeze has made a positive influence with his lunacy.

[img]www.nationalhelm.co/wp-content/uploads/2018/06/fujjo2.jpg[/img]

What kind of tool could have been used to cut a cow in 2?

Picture is from a music video


https://www.youtube.com/watch?v=puV5jZcTzJI

kenex4ever:
let's forget about this bro. It won't end.

So because there is no body willing to press charges against him then he is a saint even when you know deep down you dat he stole. Ok o.

You people call Deziani a thief at every mention of her name whereas efcc has not been able to pick any tangible evidence against her. For u, it's ok to call her a thief but not d guy dat has been confirmed a thief by his successor. Bias

Well, nobody in this life is a saint, but until a formal allegation is filed against such a person, it's worthless crying emotionally online that the person is a thief. Diezani has a mountain of live allegations heaped on her which are being investigated by EFCC and the UK police. Several of her houses within and outside Nigeria have been confiscated, She's under corruption investigation both in Nigeria and in the UK. There are several cases of her linked to some serious money laundering and some of her associates like Jide Omokore and Kola Aluko are also under investigation with their properties, planes and yachts being seized in different parts of the world. I can provide news weblinks for you if that would please you.

With the above, how in God's earth can anyone possibly try to feign ignorance of the charges against Diezani?... How dare you claim there is no evidence against her but people just badmouth her online? IS she the only one in PDP?.. I asked you to name the charges against Fashola since you're obsessed with him but you can't point out any besides online grumbles. What is even the basis for comparison between both people?... There are many PDP thieves out there, we got people like Uduaghan, Akpabio etc, but you don't see anyone dwelling on or calling their names not because people think they are saints or because they are sympathetic to APC, the reason no one calls their names is cos they have no charges with EFCC, no know allegations have been brought against them with any single evidence (even thought we all know in our hearts they are rogues). Enough of this emotional crying which amounts to nothing.

WhiskeyTangoFox:
Wow, u speak like u dnt have indepth knowledge of wot's bin goin on in the country. U talk of crude oil being sold cheap in 2016 which halted development until 2017. Wot u dnt speak of is the amount of money borrowed especially for the same development dat surpasses wot Nigeria borrowed in 16 years. The loans shld have mitigated any kind of effect on development caused by low crude sale. Jonathan built over 8 universities, a lot of almajiri schools, converted enugu airport to an international airport, youwin scheme, increased nysc allowance to 19800 etc and i dint have to crack my brain to remember those. U shld ask fashola, amechi and co why de fought so hard to squander money from excess crude acct. So in essence, ur sayin the fg hasn't identified any significant project dat can b embarked upon and completed in 3/4 years, really? Meanwhile, the questions i asked u earlier have bin ignored and here i am answering urs, and still waiting on u to do d needful. So please aftet reading this, revert to the questions i asked and do d needful. Thanks

Oh dear! I really get weak responding to these kind of arguments. But then, hope you have the patience to read cos I don't know how to summarise this.

Loans:
Nigeria's income dipped by up to 80% in 2016; how did this happen?... Up to 90% of Nigeria's income comes from oil and oil prices crashed by over 70% to about $28/barrel. Additionally, in 2016, oil output dropped by over 60% from over 2million barrels daily to less than a million barrels. Nigeria's recurrent expenditure per year is over N4trillion annually (and increasing daily). In my previous post I mentioned to you that most of that borrowed money was used purely to ensure that those reccurrent expenses (salaries) were fulfilled. Most of the so called wild figures are domestic debts which come in form of treasury bills which the govt sells today and redeems in a year. The funds have mainly been used to offset recurrent expenses like salaries b4 the cash from oil sale materialises (the govt tries to conceal info this for obvious political reasons). It's just like a man who needs to pay his domestic staff at the start of the month but only receives his own salary at the end of the month, so he constantly borrows to pay his staff, and then pays back the debt at the end of each month, and then resumes the cycle next month (robbing Peter to pay Paul). So at all times, the records will always show that large sums have been borrowed, but like I said, that money is mainly cycled for salaries and not for capital projects.

The part of the money being borrowed for capital projects are mainly from foreign lenders, the biggest so far is from the China EXIM bank and Nigeria wasn't given cash, but rather projects. When next you wonder how come the money borrowed is much, remember that that the Lagos to Kano standard gauge rail, the Lagos to Calabar coastal rail which was recently signed are both chinese loans. Also, the 3000mw Mambilla hydro dam which has been a mirage for over 3 decades, but which has recently been signed for is another Chinese loan of over $5billion. These things all add up to the borrowed funds which you hear about, and these are projects that can't be completed even in 6 years.

Airports:
I still leave the challenge open for you, I asked that you point out projects started and completed by GEJ or OBJ within 4 years. I imagine the grammar in my request wasn't too complex to understand?... Every single one of the airports being remodelled, including Enugu are still under construction; even the Enugu airport you mentioned still has a runway riddled with potholes that still need to be filled, the runway length also has to be extended to accommodate larger aircraft which ply international routes. So my brother, pronouncing a decree like "I hereby declare Enugu airport an international airport", how exactly does that amount to a project started and completed?

Universities
You mentioned above that 8 new universities were built; another poor example. Can you please show us pictures of these universities?... Majority of these were simply 'declarations' or 'decrees' followed by signboard change and letterhead update... e.g. "I hereby decree that Alvan Ikokwu college of education is now Alvan Ikoku University of education. The signboard on the road is changed and voila! a new university is born. I do know of one or 2 which may truly be brand new ones though, e.g. Federal University Otuoke. But then, that a university starts academic session after 3 or 4 buildings were erected in its site, how exactly do we brag about this as a project started and completed within 4 years when in the actual sense, less than 10% of the buildings on the plan have been erected?

Almajiri Schools
Now this may be about the only example you gave that may pass the bill as a 'started and completed' project. But then again, this also passes as one of the moi moi project examples I talked about earlier; a.k.a. block of classrooms. But then, I give it to you, you tried!

Others
You talked about Youwin, NYSC allowee etc; focus bro, remain focused. I asked for PROJECTS started and finished, not programme or policy.

And then you guys always tackle APC for doing the blame game, but then go about to practice the most ridiculous form of it. Isn't it marvellous that out of 36 governors, PDPians and Jonathanians always just find away to heap all the blame of the ECA squander on Amaechi, Fashola and Oshiomole only. According to your amusing defence, when these trio suggested that they be given their share of the ECA, all the 28 PDP governors at the time opposed them and fought for the money to be held by the FG right?... Meanwhile these same governors forced OBJ to share and even took he and Yaradua to court to no avail. All of a sudden, GEJ is caught dipping his hands into the cookie jar pilfering the funds, when caught, he finally decides to release the funds to governors. But please, did the trio of Amaechi, Oshiomole and Fashola also use juju on GEJ which made the FG also squander it's own lion share (51%) of the ECA funds? ... Amaechi, Oshio and Fash combined received less than 5% of the total fund; but somehow, you still find away to place the blame on the trio for GEJ and the other governors blasting the remaining 95%?

kenex4ever:
ambode made it clear that he inflated projects and even exposed some. You know that He stole just like d recently convicted governor but you chose to call some thieves thief and praise d ones you like. Double standards.

The main person in position to press charges against him is Ambode because he got d files. You and I know he won't because Tinubu won't allow him except pdp wins lagos.

Like I said before, emotionally calling a person thief thief online does not mean he has a case with the EFCC or a pending case with the court. That is what we're talking avout here... What is too difficult to understand in that?... Until someone brings up actual charges against him and serves them in court or to EFCC, Fashila has no case. So of all the people out there, focusing your attention on Fashola, that's obviously a bad example for your argument.

kenex4ever:
so PMB is stalling Deziani's case then. Not to mention many thieves he set free to spite Jonathan. Fashola is also walking free after all d loot he masterminded

Diezani is not in Nigeria so I wonder how she's the only person that comes to your mind. The last I checked, no one has raised any allegation or submitted any corruption petition against Fashola; that you think he's a thief and you emotionally type it away online without specifically pointing at any case, that doesn't equate to a charge. Fashola currently has no live criminal case; so once again, bad example!

WhiskeyTangoFox:
It's even more amusing no one has been able mention any projects to be honest. The man is slow physically and mentally. Figures both from within (NBS) and outside ( Transparency International and co.) the country show things are worse off than in the past. Bt yet, pple like urself and most of the current administration doubt those figures and believe wotever delusion ur mind brings up. I'm not a fan of story-telling, cos d narrator has the power to decide who looks good or bad. I'm more aligned with real life events and wot the eye can see, and the skin can feel. My eyes saw somethings Jonathan did (even as the current admin claims some of his works) and my skin felt some. Mind you, I'm not a fan of jonathan and personally, I believe he was a weak president. I only hear about wot buhari is doin, i dnt see nor feel it. So I'm sure u can understand when i ask which projects have been initiated, executed and completed by the buhari admin? How has this change benefited the majority of Nigerians, not the Nigerian government, i mean pple that make up the grassroot of Nigeria? What happened to subsidy is a scam and shld never exist? Why is babachir lawal free and enjoying the spoils of his loot? It's a shame how we always choose to adjust and settle for mediority as Nigerians.

I modified my earlier post, kindly go back and re-read and also respond to my questions. Nigeria is just recovering from a recession so you obviously are going to feel and still feel the pangs of that recession for a while. Under GEJ there was excess cash in circulation so whether it was spent meaningfully or not, the economy always feels the effect of excess cash flow somehow. But the best way to tell if the cash was spent right (sustainably) or not is by assessing what happens as soon as the cash stops flowing.

Meanwhile, kindly name some tangible projects started and finished by GEJ's government (which had all the cash in the world) within 4 years?... Also kindly mention tangible projects started and completed by OBJ's government strictly between 1999 & 2003 or between 2003 & 2007?

obailala:
Its still amusing that many folks still put forward this watery argument about "no project initiated and completed" in 3 years... FG projects are not petty projects which you start and finish in a day; you can't be talking of FG projects and then start citing units of classroom blocks or rural electrification. FG projects typically span several tenures, so people should stop embarrassing themselves with the above argument.

If you still want to put that up for argument, then may we also extend the pointless argument to previous administrations. Kindly name some tangible projects started and finished by GEJ's government (which had all the cash in the world) within 4 years?... Also kindly mention tangible projects started and completed by OBJ's government either between 1999-2003 or 2003-2007?

A final important point which must be remembered before proceeding with this watery argument is that the current government just came out of a recession in 2017. 2015 budget which by the way was created by the preceding admin had virtually zero funds for capital expenditure (less than N20bn was budgeted for the Work's Ministry). Furthermore, we all know 2016 was worse as oil plunged to $28 in January and oil production dropped as well by over 60% throughout the year; Nigeria only survived with the FG borrowing funds to pay salaries (even though they refuse to admit it). In otherwords, the developmental tenure of the current administration only started from 2017 when things stabilized a bit, and this is barely just over a year ago. So I wonder why anyone realistically expects projects to be started and completed in such a short period. The fact of the matter is that some ambitious projects have been started and are being progressed as we speak; enough of this pointless "started and finished" arguments.

kenex4ever:
what about the ones he freed?

You see ur biased life? So u don't know dat assist counts in football? How do they rate midfielders?

No body is discrediting PMB for the prosecution that took place in his administration but those that started it before their tenure was truncated should b praised too.
If GEJ was d president, d prosecution would have still happened anyway except you want to tell me dat d judge d you zzombies has been singing her praise is corrupt and would have taken pribe under GEJ.

Also it's clear that those cases take time that's why your god and personal saviour buhari has not prosecuted all the cases he started.

You really do think the FG doesn't have a hand in the activities of EFCC right?.. You think EFCC is really independent of FG influence?... You even think Nigeria's judiciary is totally independent of presidential influence?

By taking a suspect to a court, do you think that's where the case ends?... It is one thing to take a suspect to court, it is another thing for the prosecutor (EFCC) to follow up the case till it gets to a conviction. You think corruption cases would take so long (over 10 years) if the EFCC was serious about it and the presidency was also interested in the case?.... How long exactly did it take the EFCC to get a conviction for Tafa Balogun, Bode George, Alamieyesigha, Cecilia Ibru etc?.... That their cases lingered for the full 8 years under Yaradua/GEJ and the men continued to walk about freely as party stalwarts enjoying their loot, that is pure evidence that both Yaradua and GEJ weren't serious about getting those men punished. Any court case that lasts that long (over 4 years) is obviously being stalled by the government.

WhiskeyTangoFox:
No it wasn't, more like the fault of the apc governors/rogues that fought hard to ensure Nigeria dint save for a rainny day, or mayb the fault of PMB that exposed his cluelessness to the world and foreign investors when he appointed a cabinet at snail speed, jst as he has reacted to all the challenges facing nigerians. S[b]till can't boast of 1 project initiated, executed and completed by this administration after 3 years[/b]. Nothing for your eyes to see, jst claims, propanganda and eye service goin on. All talk and no walk.

Its still amusing that many folks still put forward this watery argument about "no project initiated and completed" in 3 years... FG projects are not petty projects which you start and finish in a day; you can't be talking of FG projects and then start citing units of classroom blocks or rural electrification. FG projects typically span several tenures, so people should stop embarrassing themselves with the above argument.

If you still want to put that up for argument, then may we also extend the pointless argument to previous administrations. Kindly name some tangible projects started and finished by GEJ's government (which had all the cash in the world) within 4 years?... Also kindly mention tangible projects started and completed by OBJ's government either between 1999-2003 or 2003-2007?

A final important point which must be remembered before proceeding with this watery argument is that the current government just came out of a recession in 2017. 2015 budget which by the way was created by the preceding admin had virtually zero funds for capital expenditure (less than N20bn was budgeted for the Work's Ministry). Furthermore, we all know 2016 was worse as oil plunged to $28 in January and oil production dropped as well by over 60% throughout the year; Nigeria only survived with the FG borrowing funds to pay salaries (even though they refuse to admit it). In otherwords, the developmental tenure of the current administration only started from 2017 when things stabilized a bit, and this is barely just over a year ago. So I wonder why anyone realistically expects projects to be started and completed in such a short period. The fact of the matter is that some ambitious projects have been started and are being progressed as we speak; enough of this pointless "started and finished" arguments.

Lol.. Nothing wey person no go see for the hand of these Jonathanian losers; very soon, we may be asked to give honor to GEJ for even the air we breathe.

Meanwhile, I just imagine what would have been the reaction of Omokri and his admirers if these court cases had gone the other direction; it certainly would have been Buhari's handwork.

Some legal firms though...

All these bleedy Jonathanian wailing wailers never get tired.

A fact is that even if Buhari tried to rename UNILAG, it would have also been roundly rejected by all; I wouldn't expect chronic wailers to understand this though...

Meanwhile, some of the these Jonathanians wailing today over this issue also disapproved of the UNILAg renaming back then. Funny set of people!