On your mandate we shall stand!

In fact if it is possible for them to subsidize the cost of petrol by transferring it to aviation fuel e for better so that the rich and the politicians will now be subsidizing the poor.

Shikena!

Mrfeel:

This guy you quoted told me sometime ago that FG is deliberately setting traps for people buying over priced dollar , that naira will become scarce and people will use dollar to buy naira and at higher exchange and dollar will fall

Freestuffsng is in severe pains right now

CandidAdmin:


But when bubu was borrowing money for infrastructure, people, including the opposition, criticized him.

Let me ask you a question... If you have 1m in your account and Davido or Otedola asks you to borrow him 950k ... Won't you borrow him the money?

People criticised Buhari because for all the debt accrued, we don't have anything much to show for it!

Otti came 6 months ago and started working massively to earn the trust of the Abia people that is why they can trust him to borrow 400b because already there is evidence everywhere that he will deliver.

adamusuleiman1:

Hypocrite.

Name calling is what olodos revert to when they have nothing meaningful to contribute to an intellectual conversation.

He is emulating his principal Peter Obi in running a government of service that is empathetic to the needs of his people and is striving to do his best to make his people happy but he is not doing it mindlessly as he is working with the realities on ground and I'm sure Obi has his full support. And guess what? Everyone in Abia state and well meaning Nigerians are happy with the Otti administration. If other states likewise take governance as seriously as he is doing, Nigeria will take giant strides in development with or without the support of the FG.

adamusuleiman1:

Obidients love to brag about how Peter Obi wasn't borrowing. All of a sudden they are okay with Abia, a small state borrowing to the moon.

Oga sir, please try to show you went to school.

In Public finance, there is budget surplus and deficit.

That Obi did not borrow does not mean he is against borrowing. He was able to identify leakages in his government which freed up sufficient funds for his projects! That is why he is against wasteful govt spending like sending 422 people to COP 28! He also has kicked against borrowing to finance recurrent expenditure which is what the Buhari government was doing! Even the loans they took for Capex, how much of the funds were used justly with tons of uncompleted projects littered everywhere and massive debt accrued with little or nothing to show for it!

If there is need for a business to borrow to expand then they go to the bank and take a loan. This is how banks make money to start with! Otti is just doing the same thing, borrowing to make a significant impact in the shortest time possible in resolving the infrastructure deficit of the state!

freestuffsng where are thou ooo?

Food is ready!

Raskimonojendor:

₦213.6 billion + ₦401 billion for a tiny state like Abia

Olodo oya let me school you....

Do you know how many major markets are in ABA alone? Google 'Ariaria market' and learn a thing or two. ABA has always been a commercial town historically servicing not just the entire SE and SS regions but the whole West Africa. We have heard of shoes and clothes of international quantity made in Aba. Even with the bad roads, people from outside Abia troop in daily to their markets to shop. How much more now? Today you have Akpabio, Wike and Umahi in prominent roles in the APC administration. Go and read what they did in terms of infrastructural development for their respective states!

Over the last 24 years (with little or no infrastructure and plenty of leakages in tax collection and financial misappropriation) they have been able to generate the funds you refer to because majority of the traders refused to pay due to lack of trust for their useless governments in the past. With the massive upgrades which they have prayed for now taking place, you can be sure that IGR will increase 10 times over as trade multiplies due to more conducive business environment. Not only that, new businesses will spring up and massive investment will flow into the state as savvy businessmen take advantage of the new Abia. Real estate would also skyrocket as property values will go up as roads and other facilities are provided. Also Abians home and abroad hearing the good news will also be happy to send dollars back home to aid the development effort!

Raskimonojendor:

ABIA STATE'S DEBT STATUS

DOMESTIC DEBT
Dec 2014: ₦25.13 billion
Jun 2023: ₦142.47 billion

EXTERNAL DEBT
Dec 2014: $35.50 million ($/₦166)
Jun 2023: $92.33 million ($1/₦770)

Total Debt (Jun 2023): ₦213.6 billion.


ABIA STATE'S INTERNALLY GENERATED REVENUE

2015: ₦13.35 billion
2022: ₦20.11 billion

Average monthly IGR:
2015: ₦1.03 billion
2022: ₦1.68 billion

ABIA State's FAAC (Incl LGA) in 2022: ₦98.68 billion

2022 Total Revenue: ₦118.79 billion

(NBS/FAAC)

What's your point exactly? After all na pesin talk say 'na statistics we go chop?'

madridguy:
By the time Alex Otti completely finish with Abia state, you all will leave Propaganda and start calling him out.

Wetin I even dey talk... His people are more interested in Lagos and Yoruba people.
His people don’t care about their homeland and what goes on in there.

The lack of public scrutiny for our governors will make these people finish their respective states while majority of the people will be shouting president this and that.

I know that you are jealous your governor is not as committed or serious to developing your state like Otti.

Confess! Don't you wish you were from Abia at the moment?

Mordecai:

The ideology is simple. PO has stated it a good number of times.

There is nothing wrong with borrowing. But we would not borrow to find recurrent expenditure.

Secondly, there is a need for frugality in the use of public resources.

Those expenditures should be such as to improve production and/or HDI.

Don't mind those olodos.... Peter Obi clearly advocated against borrowing against recurrent and wasteful spending in government. Trust these APC propagandists to twist the narrative.

CandidAdmin:
I thought we all agreed infrastructure doesn't run an economy?

Whatever otti has in mind, I hope it doesn't mess Abia up.

Who said so? That's a very stvpid comment to make otherwise why would every govt earmark funds in their budget to capital expenditure yearly?

LegendHero:


I thought when Buhari was borrowing for rail line, all of you condemned him that Nigeria is borrowing too much to the extent that Peter Obi even claimed infrastructure cannot help the economy.

So what suddenly change during Otti period?

—If Peter Obi ideology is “No borrowing” and most Obedient support it.

—Otti ideology is mass borrowing and most obedient support him.

What exactly is the Obedient ideology? To borrow or not to borrow?

Who said Peter Obi's ideology is no borrowing? Provide that link please.

LegendHero:


I thought when Buhari was borrowing for rail line, all of you condemned him that Nigeria is borrowing too much to the extent that Peter Obi even claimed infrastructure cannot help the economy.

So what suddenly change during Otti period?

—If Peter Obi ideology is “No borrowing” and most Obedient support it.

—Otti ideology is mass borrowing and most obedient support him.

What exactly is the Obedient ideology? To borrow or not to borrow?

I think when you try to argue please do it from an intellectual standpoint. Buhari depleted our foreign reserves and left us with a debt of almost 50trillion as at 2022FY. THE QUESTION IS WHAT MASSIVE INFRASTRUCTURE UPGRADE DO WE HAVE TO SHOW FOR THE MASSIVE DEBT HE INCURRED? Was Education upgraded? Was health upgraded? How many federal roads were completed in the 8 years?
That's the difference.

Otti hit the ground running. Since assuming office, he has made giant strides in digitising collections in the civil service meaning less corruption and greater accountability, he has revamped the teaching hospital, he has got rid of the massive dirt in Aba, he has turned the entire state into one massive construction site with so many road repairs underway not with mushroom contractors o! Using Julius Berger!!! So why won't the people of Abia be happy?

Now he wants to consolidate by earmarking 84% to capital which will in turn open up the state to more commerce and investment making the people more prosperous. This will in turn naturally lead to more IGR.

p.s. unlike some states where you have uniformed and non uniformed Agberos, ticketing for commercial operators in Abia is done electronically and is working seamlessly! So why won't the people be happy?

People are questioning how Abia will fund a 400b budget. Of course the budget will be reviewed by the Abia H of A and modified or ratified as deemed fit. That's the beauty of democracy.

Let's leave that to the Abia state ministry of finance to source but the intention is to do 50% local loans and 50% foreign.

What is more important is that the governor seeks to invest 84% of his budget on infrastructure. This is a governor who came in, realizes the scope of work to be done and has rolled up his sleeves to get the major issues done. The Abian people have seriously suffered from a massive infrastructure deficit for the past 24 years. Just like Bayelsa, PDP really did Abia bad. 24% of the CAPEX will go to education and 18% will go to health.

Btw of the 16% recurrent budget, please note that Otti is going to process salary increases for the entire Abia civil service reflective of the current new minimum wage and current economic situation.

hammerFC:
SHAMEFUL!


PEACEFUL WITH WHO?


IFEANYI DEY CRAZE...

Online agbero

Can you blame them? Country hard for everybody!

femisplash:

Exactly the point, let's keep importing everything including toothpicks and eggs and naira keeps going down. Trash

If you don't understand right now the role of FX on the hyper inflation we are currently experiencing on everything and how we are progressively getting poorer by these inhumane economic policies then you really need to go for psychiatric evaluation.

Moderate esitimate of 3b for COP 28 meanwhile the entire student loan provision in the 2024 budget is 5bn.

Yeye dey smell.

I don't know why these people just believe that Nigerians are gullible and can be told any half truth...

After spending close to 6bn renovating the residences of the VP in Abuja and Lagos, is it not a case of misplaced priorities to be earmarking 15bn towards an abandoned project when that 15bn can be used to provide loans to thousands of farmers to boost food security?

Why should Wike prioritize completing this structure when there are a thousand and one more pressing infrastructural projects uncompleted/abandoned from the previous regime which would be of more service to the people?

Do you know what 15bn would do if earmarked to renovate general hospitals in Abuja, schools or universities?

Why should this be a priority project of the country in the midst of our current austere situation?

Good one from Anambra. At least they recognise the problem and are trying to solve it unlike Lagos where touts are celebrated and government intervenes only when there's interference from NURTW national.

lexy2014:


Nigeria always "sourcing for funds". you ae saying it as if you were born yday. how do you take 1000+ people to a climate change gathering and you say you are sourcing for fund?

which climate related and green energy projects does Nigeria presently have ongoing?

the IG of Police was also on that list and was in Dubai. pls what is the connection between climate change and Nigerian police?

Don't mind these propagandists and apologists. I'm sure he came to make his presentation on climate change too

[quote author=casualobserver post=127316870][/quote]

Thanks again for your responses however I was expecting specific figures and answers to my questions raised

You couldn't put a figure to the so called monies raised from previous summits talk more of how they were spent.

You couldn't put a figure to the breakdown of the 1411. The 9 you made mention of is inclusive in the 422 delegation of the FG. No information has been released yet on the states.

You also made hopeful projections to justify huge expenditures to a summit where Nigeria has no appreciable history of significant contribution in green house initiatives as a government.

Again I ask you if there is need to carry 1411 to Dubai with a sizeable portion of that at the country's expense to make presentations that could comfortably been made by 10% of that number. I would think that the quality of the presentation(s) would not be determined by the quantum of contingent to the summit. The important thing is to have a contingent and a high quality one at that strong in content and not on estacode.

casualobserver:


The problem with Many of you is that you are small minded, think like simpletons and cannot see the big picture. The purpose of the conference is to source for funds for green projects. When you hear for example that one village is being electrified with solar, or solar water pumps or solar boreholes, farming irrigation, flood abatement programs, this is often where the money comes from. If you are not there to present your green energy plans, you will not be a beneficiary. Most of the money is free money, not loans.

UAE alone is handing out $4b to Africa at this conference. Is it a country that isn’t there they will give the money to? Is it a ministry that isn’t there they will give the money to? US is also allocating $3b to Africa, other countries are making pledges. If you are not there you cannot benefit.

Yes there are people out there for a jamboree but there will be more funds coming to Nigeria than the total bill for the entire Nigerian delegation public and private.

The least Nigeria can expect out of what UAE alone is allocating to Africa is $300m…likely a lot more. The total cost assuming all 1400 participants are government sponsored and all actually attended @$15k a head is $20m

You are the same people that if you hear another country received funding from COP will come here shouting why was Nigeria not there?

Thank you for your post BUT I do have some points of order to raise.....

What has been the impact of delegations sent to COP in the last 8 years? Why the monumental rise in delegates this year around?

Is spending $20m (20bn) at $15k/head (N15m) justifiable at a time when the country is in dire straits? Must you carry such a large delegation to be effective at sourcing for funds for whatever clean projects that you seek to undertake? This is the same country that is struggling to meet its FCY obligations to students seeking to pay school fees and to foreign airlines!

Of the 1411, the FG has come forward to claim its own share is 422 but it's list is non inclusive of state delegations. Why is it so difficult to put out a comprehensive breakdown of the groups that make up the 1411 between FG, state, business and media?

Why must all these people be PHYSICALLY present when we are in an age of online presence and video conferencing?

seunmsg:
Most of those spreading the 1400 figure including the defeated Peter Obi are well aware that FG did not sponsor all of them. They know a lot of state governments, private companies, civil society organizations, media houses etc all got invited and sent in delegates they sponsored.

But it’s good politics to lump everyone together and accuse Tinubu of flying them to Dubai for COP28. Obidients thrive on false news, lies and propaganda so no one is surprised.

So Oga true news please give us the real number for the FG delegation and the total cost incurred.
Shikena

AntiChristian:
Climate change in Nigeria seems bogus to me at this time but I can be wrong!

I remember when Peter Obi Okwute himself was asked about his climate change policy if he becomes president!


His response was clownish and clueless to say the least! He doesn't even know what climate change and green/renewable energy means yet wants to bring Nigeria into the industrial manufacturing age!

https://www.youtube.com/watch?v=62ePU-selWQ

The way some of you reason amazes me! At a time when Nigeria is on its knees financially and people are struggling with economic difficulties, your government decided to send a delegation of over 100 people not to even a business summit but to a climate change summit meanwhile back at home absolutely NOTHING is being implemented to mitigate the impact of climate change. What do you call that if not wickedness to the Nigerian people?

Samantha124:
So your ancestors weren't giving the groom's family any wedding list?

with what paper?

Samantha124:
So to hell with our African heritage, right?

cultural obligation is to visit bride's family with wine and ask for her hand in marriage and then pay bride price.

wedding list is not part of our culture.

lapintoz:
Madam developer, what do you expect the Commissioner to do? Applaud the developer for blocking the waterways?

Why are you people this wicked for your selfish interest. Why not go to Anambra and develop the gully erosion land with beautiful housing estates!

I'm sure you have heard of underground drainage systems before.... If government wishes to be serious, demolition is not the only way to go towards solving the flooding issues.

abdeefggh:
Truely to some extent, Lagos is no man's land because WTF is this.
Some people could not leave their houses for weeks this year due to flooding and govt is still allowing some people to block water ways.
People doing this kind of nonsense will be jailed in saner climes. Land never finish for Nigeria!

Some cities like Venice and Amsterdam are built on water yet you don't hear of this quantum of demolition ongoing. Countries like the UK build massive underground drainage systems in landlocked areas. Let's learn to think of more ingenious engineering solutions to this flooding issue than this primitive practice of demolishing people's sweat.

Freestuffsng the armchair economist is in tears right now.... His propaganda of the dollar crashing anytime soon to N600 remains a beautiful dream

iammo:


Is it like you trolls just don't have basic knowledge of use of English

I said exergeration

Month on month food price inflation according to the National Bureau of statistics has gone from 18% in May 2023 to 32% in October 2023 and still climbing. These are the official figures posted on the CBN website and you can be sure that these figures are grossly underestimated.

So before you come out to make these your outlandish claims kindly do so with data.

iammo:


Is it like you trolls just don't have basic knowledge of use of English

I said exergeration

You can't even spell exaggeration.