Obailala's Posts
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WhiskeyTangoFox: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: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: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: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: |
kenex4ever: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: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! |
Men are polygamous by nature and would always crave tasting another soup no matter how wonderfully tasty the soup they have is. If a young house girl is placed in a home, no matter how much more beautiful and sexually satisfying the wife is, and no matter how morally upright the man is (be he a Bishop or Imam), as long as the man isn't impotent, if you place a young ripe lady who isn't his relative close to him at all times, the temptation to TOUCH will certainly come. And it only takes little things to tip the scale for such a man to fall into temptation. We hear a lot of men (and even women) brag about how they can never stoop so low; but then, one day it happens like a surprise, and the devil takes the blame. In the words of GEJ, the only assured way to keep the goat from eating the yams is to keep the yams away from the goat. Joseph in the bible wasn't crazy when he ran away from Potiphah's wife, if he had spent extra 5 minutes in that room, he would had kpanshed her irrespective of his moral standing. |
monex:Well unfortunately for you, I'm not here to start bantering of some Buharist or Jonathanian achievements. What remains a fact is that I finally get to see something which I longed for, i.e. a big man being convicted and sent to prison. And yeah, it happened during the time of Buhari, so please allow me the freedom to celebrate this. Had it been the story went the other 'usual' way, i.e. "Federal High Court acquits Dariye of all charges", I'm sure you and your ilk would have jumped in here excitedly heaping the usual insults on Buhari for turning the man to a saint and not being able to achieve a single conviction. Now the story is different and you now choose to remember that it's the court and not Buhari's prosecution. |
This 'food' was the principal reason I supported Buhari to be president. Unfortunately, 3 years after, and we've only been served with a single plate. Hopefully we would get more soon. |
This one na real life vampire, literally sucking people's blood for a living ![]() |
Pavarottii:The desperation to also rope buhari into june 12 is just interesting as it unfolds. "Buhari served in abachas government and is Abachas friend, so therefore he is involved." Meanwhile what about the president who released and gave presidential pardon to Al-Mustapha (Abachas chirf butcher) because of 2015 elections? .. cos it seems we are in a season of linking everyone to June 12. |
Pavarottii:Abacha annulled June 12 election. I'm learning nee things everyday on this forum |
Lol... This Reno sef... Politics can be intetesting at times. Meanwhile someone should remind me, who was it that released and gave presidential pardon to Major Al Mustafa (Abacha's chief butcher) before 2015 elections? |
Lordave:The report on this thread talks about a thanksgiving service held by the vp over a recent near miss. And then the other dude comes in and blasts the VP for incompetence. Oga you do not need any tertiary level of comprehension or perception to understand that he was blasting the VP for daring to have a personal thanksgiving for his own life when numerous Nigerians were dying. And so that precipitated my question, "does the man not have a right to thank his God for preserving his oen life again?"... So I'm sorry I dont know what you're blabbing about. Maybe if you were less bitter, you would have seen it differently. |
chuksjuve: Lordave:So the man doesn't have a right to thank his God for preserving his life again?... The way some people reason though... This one below even called it "factual opinion" but thinks someone else is a sadist. Too many deeply pained |
obibolamusa:Wonderful wonderful! I am totally amazed at how a person has an understanding of a more complex technical concept (gas injection), but still remains incapable of seeing or discerning something as simple as selling a valuable resource which is being wasted. So you actually think the best use of natural gas is injecting it back into the earth? Wow! From all you've said above, it's obvious you do not even know we're talking about natural gas here; a very vital energy resource which is in great demand both in Nigeria and all over the world. Within the boundaries of your understanding, you obviously think the gas we talk of is merely some waste bye-product of oil production which everyone suffers a burden of trying to dispose? I commend you for your understanding of the concept of gas injection, but you actually still have more topics to learn; I suggest you start from the basics first such as "the uses of natural gas" before you delve into the more complex subjects such as gas injection. Just incase you arent aware, natural gas is a cleaner energy source than your petrol and diesel. You asked if I lived outside the country, yes I do, and in my flat in the UK, when I walk into my kitchen, I cook my meals with natural gas which is piped to my house; in winter, I also power up my boilers which heat up my house with natural gas, a commodity which I pay for dearly. A friend of mine working with FlourMills in Lagos narrated recently how his company spends over N20million per week on diesel to power their production; he also explained how their power generation cost drops by over 80% when they use natural gas (cos they actually have gas piped to them but supply is limited to 1 day a week because Nigeria unfortunately has only a single dilapidated 'militant infested' pipeline supplying gas to the entire Lagos industries and power stations). I'm sure you must have heard numerous times about how our thermal power stations are shutdown due to the all too frequent excuse, "gas constraints"? But with all of this, you still think the best thing to do with the gas produced in Nigeria is injection? I work in the oil industry and this is my speciality, so while you ask me to visit google, I can assure you that you need it more in this subject. My company recently finished working on a subsea gas development in the Azerbaijani sector of the Caspian sea (google shah deniz 2). It's a $26billion development to extract just natural gas (no oil) for sale to the entire Europe. Natural gas is a very vital economic resource which is sold for money just like oil but you think the best thing to do with this jewel in Nigeria is to re-inject it to the ground? Just for your education, the BEST THING to do with associated gas is to have it sold by piping it to consumers (both locally and internationally) or it could be liquefied and transported by LNG vessels to far away buyers. But when there isn't a capacity to sell the gas (i.e. lack of pipelines or LNG plants), the produced gas becomes a burden to the oil companies, and that's when the next option comes up, i.e. disposing the gas by injecting it back into the reservoirs with the added advantage of improving reservoir pressure. But then again, when there isnt a capacity to sell and the companies want to avoid the cost of re-injecting, they simply flare the gas and pay the little fine that comes with it. So my dear friend, before you talk of disposing the produced gas by injecting or flaring, you first have to talk of the possibility of selling/utilising the gas; I would imagine this should be very simple common sense logic. So yeah, back to the topic, it will be a very good development if a pipeline can be built to sell the natural gas which Nigeria currently wastes. In summary, I said Nigeria flares (disposes) gas because it does not have the right infrastructure to sell or utilise it; you said I was wrong and claimed Nigeria flares gas because it does not have technology to inject it (dispose). For the love of God, what sense does it make to dispose a vital resource that can be sold for revenue?... Your argument made no logical or rational sense, that was the reason I assumed you were speaking from the angle of politics like several others on this thread who have no clue on the subject. |
Edu3Again:Resources that is being burnt away on a daily basis and of which the burning inflicts monumental environmental damage?... Now moves are being made to sell and make money out of this resource instead of burning it and damaging the environment, but some people still have problems with this. Of course from the onset of this thread, it was clear that a toxic mixture of politics and ignorance was responsible for the pointless responses so far on the thread. |
Chuksaluta:Point of correction, this also has everything to do with gas flaring. Nigeria flares gas because it does not have the necessary infrastructure in place to use or sell the gas. |
methodyk:The person you quoted was very very wrong; you both actually need a little education. Here's my response: obailala: |
GoodMuyis:There isn't any need for any reduction in gas prices, gas already is far far cheaper than diesel for power generating plants even in homes and industries. What we need is the transmission and distribution infrastructure (pipelines) to get the gas to gas thirsty industrial and domestic consumers all around the country and internationally. |
obibolamusa:Huh?! Nigeria burns away billions of dollars yearly through flaring of useful natural gas but you actually think the reason is because of an inability to review some petty laws or lack of technology?... Wow!.. That's a very erroneous assertion! Are you aware that natural gas is far far cheaper than diesel to run power generating plants?... There are thousands of industries scattered around Nigeria running on diesel and which could have their production costs cut down by over 50% if they had access to that gas being burnt away in the delta region. But it is one thing to have excess gas in the oil production fields and it is another thing to get that gas to the doorsteps of consumers who need it. If I may even ask, what exactly is the "technology" you talk about which is lacking?.. Technology to make the associated gas disappear without having to be flared? FYI, the simple reason Nigeria still flares gas is because we do not have the necessary infrastructure to utilize the gas locally or to sell the gas in the international market. By infrastructure I mean, the necessary gas distribution pipeline network to get the gas from the production fields to the door steps of industrial and domestic consumers, or trans-national export pipelines to deliver the gas to international consumers. Good thing we currently have the NLNG plant which liquefies and sells a microscopic fraction of Nigeria's gas, but in order to end flaring, Nigeria would need over 10 of NLNGs, in addition to trans-national pipelines and local distribution pipelines to get gas to industries. For all these to be fulfilled, it would cost several tens of billions of dollars; the dearth of these funds, coupled with the typical Nigerian factor (corruption and bad leadership) is the reason Nigeria still languishes with flaring. Once again I would state it clearly that any initiative such as this which can enable Nigeria make money out of the enormous gas resources it burns away daily is a very welcomed idea. I'm not aware of the current progress of the west African gas pipeline, but if Nigeria through any kind of help whatsoever can get a gas pipeline to Morocco, then that automatically connects us to the European (gas thirsty) market. So I struggle to see how anyone can think this is a bad development, except such a person is only capable of viewing things from the angle of politics. |
Kastonkastroll:Back to sender... May this your wish only come to pass in your family and your future generations. Amen! |
PapaBrowne:Some people just take it as a personal duty to oppose any and everything the government does simply because they dearly hate the people heading the government. Nigeria has excess gas which is being burnt off daily though gas flaring in the delta region because we do not have the means to either utilise or sell the gas. Any initiative or venture which can help Nigeria reduce/eliminate gas flaring and gain income from the wasted gas is a very welcomed development. Every initiative shouldnt be a platform for playing politics. |
Stainlessq: DrGoodman: Malawian: Masterppower:The people who think they need the food are already accepting it, but these ones are out here online pouring out hatred mixed with arrogance |
Good observation... |
Forward thinking leaders from other regional states should come together to make this a reality. It shouldn't be left to AkwaIbom state government alone. |
Lol... and we've been wondering why Vanguard newspaper has since gone to the dogs even when such a putrid waste has been occupying such a sensitivr position. |
Things we brought on ourselves... |
emmachukwu99:Ahhh! Chukwu ekwena ihe ojoo!.. How can I know more about your own dwelling than you do? |
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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

See as ighalo dey even do tama self, but even if you give the guy an empty post, he no go fit score. I go pick mr ibu as a striker over this ighalo anyday anytime. Na when iceland flog this super chickens like 4 goals to nil, that's when una heads go reset. 