₦airaland Forum

adeyemik:
Nigeria is currently using 4 naira out of every 10 naira earned to service her internal and external debts. The country's current debt profile stands at $85.4 billion or NGN33.7 trillion naira. According to the Debt Management Office (DMO), Nigeria’s debt profile stood at approximately N12.12 trillion as at June 2015, while the National Bureau of Statistics (NBS) says, the country’s foreign debt stood at $11.41 billion dollars, while its domestic debts was N14.02 trillion respectively, amounting to N17.5 trillion.

The quantum leap in the country debt profile in the last five (5) years is staggering and of great concern. Nigeria moved from a near debt free nation engineered by Obasanjo/Ngozi, to be a debt filled nation in 2020. How can a country be using over 40% of her earnings to service debt? There is not economic logic in borrowing to consume; borrowing should be for the purpose of expanding the economy, providing revenue yielding infrastructure, thereby making Nigeria the manufacturing hub for Africa, and first choice for foreign direct investments.

The level of our borrow to consume must be curtailed, else we become a pariah state to direct foreign investors. It is important for our leaders to know that the country's loss, is another country's gain.

The Holy bible says ' A good man leaves an inheritance [of moral stability and goodness] to his children’s children. (Proverbs 13:22 AMP)'. What inheritance are we leaving for our children and the ones yet unborn? We need not plant the seed of debt for generation yet unborn to harvest poverty and it will be a great disservice to mortgage the future of generations yet unborn today.

sage:
There is so much that can be done to resuscitate the south East. We have failed so badly that our region competes with really poor regions of the north. I mean Zamfara generating more revenue than the great Aba and made in Aba within Abia State. All the western states are so far ahead of us except Ekiti.

If you guys want to understand why I’m sounding the alarm so much about Aba, look at Enugu for example

Enugu leads in IGR because it also has the most basic infrastructure in the south East. If Aba had Enugu’s Road management and waste management it would be the leading place in the south East.

It’s why I have little tolerance for the army of propagandists for the criminals holding Abia state hostage. They are damaging Igbo land and driving Igbos into oblivion. They are the most wicked actors in Nigeria’s political space.

All so T.A Orji, Ikpeazu and Ikuku can keep Igbo people in abhorrent bondage worse than anything Fulani’s are doing to the southeast.

donbachi:
The only solution to all these killings by one tribe..is for all affected tribes and tongues,to come all out,like a coaliation thing..and have them killed also..make dem judge all together.dis nonsense must stop.

post=90054751:
Op when was this video, because the state haven't experience heavy rain like what's in the video since this year, because of mega projects going on in the state.

Ruby5:

https://www.youtube.com/watch?v=7-ZfPexrHW8

leicestercamper:
This is a statement of fact. Abia state is more or less no longer existing. Their people are not helping matters.

sanctity454:
More

Hope Uzodinma reminds me of Chris ngige.

They stole another person's mandate, then they win the hearts and minds of the people through purposeful governance with the delivery of high-quality projects.

Then the people are opposed to removing him from office because he turned out to be a high performer, even if the mandate was stolen.

Centcanada:
Okowa harbor Hausa Fulani's without knowing what they are capable of. Their new name is loot and burnt but if you can't loot, just make sure you set it ablaze. This is just the beginning.

XANDERBOY85:
A drive along Enugu-Abakaliki expressway.

I'm impressed with the ride. The road looks durable....is adorned with working streetlights.....is relatively neat, clean and clear of that annoying sand/sediment you normally see on some of our roads when the gov't just couldn't be arssed to sweep it....there's well tended lawns at some points....and i can see a effort to plant trees as well. The only negative i see is that the road isn't marked.

Clip courtesy Helen's Corner. https://www.youtube.com/channel/UCPARExvV0FRuK0bJFcura7w


https://www.youtube.com/watch?v=C16WhoOX8LE

JasonScoolari:
Please I want to ask, what is the major occupation of this E-money?

SpecialAdviser:
Looting in schooling feeding programme alone can cause recession nah. Who doesn't know that??

Stop looting, stop recession.

They are not interested in cutting the obscene cost of governance, luxuries, fleet of cars, retinue of aides they enjoy!

All they are after is how to use this economic situation to enrich themselves via more dubious DEBT for untraceable services!

amaniro:
LGA is useless tho

Digitron:
Ongoing Workers Admin Block at Edeoballa

eduj:
ARIARIA IPP
installed capacity: 2 MW
licenced capacity: over 9 MW
consumed capacity : under 1 MW
Type. runs on gas (supplied by shell gas pipelines)

This facility has the ability to supply the power needs of both residential, commercial and very light industrial facilities of the ariaria-faulks-osusu axis of Aba. Unfortunately, many people in that area are yet to key into such an opportunity to get cleaner, safer and cheaper power.
The State government of abia seem to be the people buying more into this project, as this plant powers most of the streetlights being installed in Aba today. I think massive sensitisation/ marketing should be carried out to make more business's and residencies key into it-while we wait for the reactivation of geometrics power plant in ABA