₦airaland Forum

GloriousGbola:
https://www.premiumtimesng.com/news/more-news/254932-i-travelled-97-countries-president-obasanjo.html

Just Google Obj globetrotting.

Asking for proof that Obj was globetrotting is like asking for evidence that the sky is blue.

Right now there is a potential new cold war growing. Perfect time for a cunny cunny president to secure debt forgiveness from either china or the west or both.

Nigerians are doing remote work. What stops us from going the whole hog the way the US basically outsourced it support customer care to India?

Theflint1:
When you say these things, is it that you're truly convinced Tinubu is this person you describe or it's mere wishful thinking?

nihilistjnr:
Na why I dey always thank God for my UK.
I've recently picked up clay pigeon shooting as a hobby, and I've been enjoying it so much, I dey try go twice a month.

I decided I was going to apply for a shotgun license so I could buy a proper sporting gun, and that's when I realised that as part of the application process, the police would have to come and inspect my house, but also interview all my neighbours to find out if they know any reason why I shouldn't be allowed a shotty.

Any environment that allows you to go to the shops carrying assault rifles is just insane. Una dey mad for that side egbon.

Theflint1:
When you say these things, is it that you're truly convinced Tinubu is this person you describe or it's mere wishful thinking?

Unlimited22:
🤣🤣🤣🤣🤣🤣🤣🤣

My guy is trying to will good governance into being

raumdeuter:
Tinubus track record in public office which he always points to is what gives us confidence unlike Obi that is ashamed to point to his 8yr tenure as governor

raumdeuter:
Tinubus track record in public office which he always points to is what gives us confidence unlike Obi that is ashamed to point to his 8yr tenure as governor

Theflint1:
When you say these things, is it that you're truly convinced Tinubu is this person you describe or it's mere wishful thinking?

Theflint1:
Isn't it funny that he had to resort to rigging and violence to get face-saving votes from the same Lagosians who were supposed to have experienced this track record of his you refer to, while the Peter Obi that is supposedly ashamed of his time in public office got over 90% of the votes from the people that witnessed his failure as governor?

Unlimited22:
The same person who kept saying Go and Verify all through his campaign.
Who said if anybody could find a corruption case in his 8 years as governor, directly linked to him, would result in his immediate stepping down from the race
Who improved education and HDI and even IGR in the state
Is the person who's ashamed to point to his tenure as governor?

raumdeuter:
People from all over Nigeria about 8million of them trusted Tinubus leadership and the Obi was roundly rejected, he didnt even finish 2nd, it was 3rd

Theflint1:
It's easier to deceive those that don't know you than it is to deceive those that know you. Tinubu was soundly rejected in his adopted state, Lagos, and in his home state, Osun; the two places where he's best known.

Donjazet2:
A very wonderful post.

Highlighting the pros and cons of "japa".
Very balanced indeed.

DissTroy:
Immediately I saw the news about what happened, I thought, "Eurosoccer Section guys would certainly want to take a piss"; so I decided to come on here - and I was right.

First off, Use-Offot where it happened is in Uruan LGA, not Uyo. It's at the fringes of the state. The culprits have been arrested. There's a law prohibiting cultism in Akwa Ibom. Reviewed in 2020. Please confirm this.

Secondly, if you had to wait for months to find one incidence of a violent clash to get your supposed "glass houses" moment for what is a daily occurrence in Rivers (and Kogi for Amoto whose mention I just saw), then you are corroborating my point.

Security is a relative term. Sweden is one of the safest countries in the world but there are still pockets of violence. Canada is safer than Nigeria but there are still cases of crime.

The question is, what's the frequency of (violent) crimes? That for Akwa Ibom (and Uyo) is way lower than Rivers (and Port Harcourt).
Just this month alone in Rivers, police officers have been decapitated, and numerous people murdered. Some reported on Nairaland. And it's just May 10.

Last week, Ogoni boys cordoned off Eleme - Port Harcourt - Eket road to rob around midday (close to where Amaechi sited the Banana Plantation), again, as always on the Rivers part of the road. I was on that road, but I wasn't petty enough to come announce it on Nairaland.

Airmark, Popiziano, and a number of persons have mentioned me over the weeks to buttress what I have stated but I didn't want to dwell on it.

It still won't stop the fact that today being Oil Mill Market Day in Port Harcourt, it's going to get bloody, or someone isn't going to get shot at 1st Artillery or Diobu.
Or at CFC as you approach Mile 1.
Or from 7:30PM, prepare for anything at Railway crossing behind D/Line and Elelenwo areas. All just in Port Harcourt.

You don't want to.get me started on Etche, Abonnemma and other areas.
You can only lie to these guys who don't know Rivers like you and I.


Security is a relative term, and Akwa Ibom has always been top 5 on such (security) lists since 2009.

If you want to keep wailing about an issue I let go 2 months ago, then humour yourself. I'd drink to the tears.

OasisX:


EL OH EL

OasisX:


EL OH EL

raumdeuter:
Imagine Obi claiming that it's others impersonating his toxic people.

So why did he go to apologize to Soyinka for Obidient attacks if he really believed it was impersonation

airmark:
This Obi guy ehn.

airmark:
Even itsrm unconsciously confirmed that staffs were told not to go to some locations in the evening.

I don't understand the reason for the coverup. Na dog wey go loss, no dey follow hunter's whistle.

DissTroy:
Immediately I saw the news about what happened, I thought, "Eurosoccer Section guys would certainly want to take a piss"; so I decided to come on here - and I was right.

First off, Use-Offot where it happened is in Uruan LGA, not Uyo. It's at the fringes of the state. The culprits have been arrested. There's a law prohibiting cultism in Akwa Ibom. Reviewed in 2020. Please confirm this.

Secondly, if you had to wait for months to find one incidence of a violent clash to get your supposed "glass houses" moment for what is a daily occurrence in Rivers (and Kogi for Amoto whose mention I just saw), then you are corroborating my point.

Security is a relative term. Sweden is one of the safest countries in the world but there are still pockets of violence. Canada is safer than Nigeria but there are still cases of crime.

The question is, what's the frequency of (violent) crimes? That for Akwa Ibom (and Uyo) is way lower than Rivers (and Port Harcourt).
Just this month alone in Rivers, police officers have been decapitated, and numerous people murdered. Some reported on Nairaland. And it's just May 10.

Last week, Ogoni boys cordoned off Eleme - Port Harcourt - Eket road to rob around midday (close to where Amaechi sited the Banana Plantation), again, as always on the Rivers part of the road. I was on that road, but I wasn't petty enough to come announce it on Nairaland.

Airmark, Popiziano, and a number of persons have mentioned me over the weeks to buttress what I have stated but I didn't want to dwell on it.

It still won't stop the fact that today being Oil Mill Market Day in Port Harcourt, it's going to get bloody, or someone isn't going to get shot at 1st Artillery or Diobu.
Or at CFC as you approach Mile 1.
Or from 7:30PM, prepare for anything at Railway crossing behind D/Line and Elelenwo areas. All just in Port Harcourt.

You don't want to.get me started on Etche, Abonnemma and other areas.
You can only lie to these guys who don't know Rivers like you and I.


Security is a relative term, and Akwa Ibom has always been top 5 on such (security) lists since 2009.

If you want to keep wailing about an issue I let go 2 months ago, then humour yourself. I'd drink to the tears.

raumdeuter:
People from all over Nigeria about 8million of them trusted Tinubus leadership and the Obi was roundly rejected, he didnt even finish 2nd, it was 3rd

raumdeuter:
Imagine Obi claiming that it's others impersonating his toxic people.

So why did he go to apologize to Soyinka for Obidient attacks if he really believed it was impersonation

TheSourcerer:
I hate to be that guy but she really is just a hooker, check her first topic on NL and read the comments

The Budget Office of the Federation has said Nigeria now has a “limited borrowing space” due to its poor debt-to-revenue ratio, stressing that “trouble” looms for the country if it exceeds its limits.

The office issued the warning as the outgoing President, Major General Muhammadu Buhari (retd.), wrote to the National Assembly seeking approval for a fresh $800m loan from the World Bank.

Director-General of the Budget Office, Ben Akabueze, while addressing members-elect of the 10th National Assembly at their week-long induction ceremony in Abuja on Wednesday, pointed out that while Nigeria remains healthy with its debt-to-GDP ratio, the country is not with its debt-to-revenue ratio.

Akabueze was speaking to the newly elected and returning members of the National Assembly, which is responsible for the consideration, amendment and passage of annual budgets of the Federal Government as well as economy bills like the Finance Bill.

He said, “You may have heard that we have one of the lowest Gross Domestic Products-to-debt ratios in the world. While the size of the FG budget for 2023 created some excitement, the aggregate budget of all the governments in the country amounted to about N30tn. That is less than 15 per cent in terms of ratio to GDP.

“Even on the African continent, the ratio of spending is about 20 per cent. South Africa is about 30 per cent; Morocco is about 40 per cent. And at 15 per cent, that is too small for our needs. That is why there is fierce competition for the limited resources.

“That can determine how much we can relatively borrow. We now have very limited borrowing space; not because our debt to GDP is high, but because our revenue is too small to sustain the size of our debt. That explains our high debt service ratio. Once a country’s debt service ratio exceeds 30 per cent, that country is in trouble and we are pushing towards 100 per cent, and that tells you how much trouble we are in.

“We have limited space to borrow. When you take how much you can generate in terms of revenue and what you can reasonably borrow, that establishes the size of the budget. The next thing would be to pay attention to the government’s priority regarding what project gets what.”

Akabueze also stated that Nigeria should not be classified as an oil-rich economy.
“We are not even an oil-rich economy. To classify oil-rich economies, you talk of countries like Saudi Arabia where there are 34 million of them and pump 10 million barrels of crude per day, or Kuwait where there are 3 million of them and pump 3 million barrels per day,” he said

The Budget Office boss added that while Nigeria has a population of over 200 million, “we are currently pumping about 1.9 million barrels per day.”

He stressed, “So, we are not a rich economy and must resist the temptation we are an oil-rich economy. Let me make it clear that we are potentially rich countries, but we are not.”

About the same time Akabuaeze was addressing the National Assembly members-elect, the President of the Senate, Ahmad Lawan, read out Buhari’s request to lawmakers on the floor of the Senate.


$800m for social security

The President partly wrote, “Please note that the Federal Executive Council approved an additional loan facility to the tune of $800 million to be secured from the World Bank, for the National Social Safety Net Programme and the need to request for your consideration and approval to ensure early implementation.

“The Senate may wish to note that the programme is intended to expand coverage of shock responsive safety net support among the poor and vulnerable Nigerians. This will assist them in coping with the costs of meeting basic needs.

“You may wish to note that, the Federal Government of Nigeria under the conditional cash transfer window of the programme will transfer the sum of N5,000 per month to 10.2 million poor and low-income households for a period of six months, with a multiplier effect on about 60 million individuals. In order to guarantee the credibility of the process, digital transfers will be made directly to beneficiaries’ accounts and mobile wallets.

“The NASSP being a social intervention programme will stimulate activities in the informal sector, improve nutrition, health, education and human capital development of beneficiary households.”

Buhari added, “Given the above, I wish to invite the Senate to kindly approve an additional loan facility to the tune of USD8OO million to be secured from the World Bank for the National Social Safety Net Programme,” expressing hope that the request will “receive expeditious consideration by the Senate.”

The PUNCH had reported on May 7, 2023, that Nigeria’s borrowing from the World Bank had reached $14.34bn as of March 31, 2023.

This was an increase from the $13.93bn debt recorded by the Debt Management Office as of December 31, 2022.

This means that fresh disbursements on approved loans added $410m to Nigeria’s debt from the World Bank in the first quarter of 2023.

The IBRD lends to governments of middle-income and creditworthy low-income countries, while the IDA provides concessionary loans – called credits – and grants to governments of the poorest countries.

The data obtained from the Washington-based bank showed that Nigeria had a debt of $488.66m from IBRD and $13.85bn from IDA as of March 31, 2023.

The PUNCH had observed that the first World Bank loan was acquired in the fiscal year of 1947, according to data from the World Bank.

Since that period, Nigeria has acquired a total of $7.49bn from IBRD and $26.17bn from IDA.

This means that a total of $33.66bn has been borrowed from the World Bank since 1947.

It was also observed that about $7.29bn had been repaid on the loans, with $7.86bn yet to be disbursed by the bank.[/b]

akwesenana:
Wow.
So, hookers have no right to air their opinion?
Suprising from you.

BlueRayDick:
Source:https://punchng.com/nigerias-borrowing-trouble-imminent-says-budget-office/?amp

Itsrm:
You see how I ignored you after you quoted that post. If you can't read to understand it's not my problem.

Itsrm:
Even with the present situation, I have not heard of any business shutting down. Staff are mostly encouraged to avoid late night movements. Our all time low as a state is better than the best a lot of other states have to offer.

larride:
Efcc arrest Saleh Mamman, the former minister of power that Buhari sacked in 2021 for a 22bn fraud.

How do you embezzle 22bn in 22 months ffs.

These guys are fûcking heartless.

OasisX:


......his first name is Peter by the way. Mí ó ni sọ ju bá yẹ lọ.

airmark:
But I could read and understand the one below. 😏

larride:
BAT must find a way to increase our revenue. Make sure we are maximizing our revenue generating avenues and plug leakages.

We can’t be earning so little and be living lavishly with loans.

larride:
Efcc arrest Saleh Mamman, the former minister of power that Buhari sacked in 2021 for a 22bn fraud.

How do you embezzle 22bn in 22 months ffs.

These guys are fûcking heartless.