₦airaland Forum

The security situation in Nigeria has never been so dire, despite the current administration’s defence budget which has gulped over $32. 88 billion in the past five years, former Head of State and APC presidential candidate, retired General Muhammadu Buhari said yesterday.
Buhari spoke at the 11th Delegates’ Con-ference of the Nigeria Labour Congress (NLC) in Abuja.
He went down memory lane to the bombing of United Nations headquarters in 2011 by Boko Haram, implying that the current administration was incompetent in handling the Boko Haram which he described as the “then little-known extremist group,” but which has caused unimagi-nable atrocities.
“Since then, Boko Haram has gained international notoriety and become a major national menace - kidnapping girls from their schools and women from their homes, slaughtering boys in their dormitories and men in their farms, exploding bombs in public and private venues and taking town after town in the North-east of Nigeria.
“And, for some reasons, our defence forces are unable to cope and unable to defend. Despite the federal government’s defence budget that has gulped over $32.88 billion in the past five years,” he said.
While assuring workers and all Nigerians that he would do his best for them if elected, he lamented: “Once again, Nigeria is in crisis. Our country is facing grievous challenges in numerous sectors. In the light of recent events, the three most pertinent at this time are security, the state of the economy and corruption forming a terrible troika that must be tackled all at once before we can achieve any meaningful progress.
“Our security situation in this country has never been so dire. Today, Nigerians have to endure, not just terrorist attacks in the North, but militancy in the Niger Delta, communal violence in the Middle Belt, cult wars in the South, and kidnappings, armed robberies, and common acts of thuggery throughout the country”.
“Our plan is to restore good governance, efficient and effective public sector stands to benefit the country’s labour force perhaps more than any other subgroup. In line with our party’s manifesto, we will identify and promote growth of industries and give incentives for the use of local content. An APC government will protect and respect labourer’s right to organize, guaranteeing the rights to collective bargaining in good faith in law”, he said.http://dailytrust.com.ng/daily/news/46598-32-88bn-splashed-on-security-in-vanity-buhari

Give back to otuoke what belongs to otuoke. Since the 'security situation' did not bother his excellency all thee years I am afraid we have found a way to live with the bombs and guns.
I know PDP has gone underground into perfect their rigging rig but this march will be a different month.......NO LOVE!!!!

The question is,what plan has Buhari got to quell these insurgents? More importantly,what has he done,in what way has he contributed to the fight against these insurgents?


It shouldn't be all talk and talk and no action!

This Buhari guy is become boring.

Just go for the presidential debate and tell it to Nigerians before the cameras and remember to come along with your certificates.

Danhumprey:
The question is,what plan has Buhari got to quell these insurgents? More importantly,what has he done,in what way has he contributed to the fight against these insurgents?


It shouldn't be all talk and talk and no action!

Dealing with miscreants ain't new to the General, he dealt with the dreaded maitatsine sect during his reign as head of state & will do it again against BH, Buhari can't render any help to curb the insurgents because the government ain't truthful about fighting the insurgents, they went further to label him as their sponsor & many other reasons.
At the topic despite spending so much in fighting the insurgents without any meaningful success Buhari as a concerned citizen like any other is right to criticise the government another place where Jona fail the country, time to let the clueless one to take a bow & let competent hands take over.

proofs

Microflux:
proofs

^^^ .....



I don't know whether to pity you or help you


Cos you are a lost one

in other news...

LindaIkeji at 3:53 PM
Highlights of Investigative Forensic Auditdone by PwC
For those who care for this, foundit onthe Facebook page ofMinister of Financeand Coordinating Minister ofthe Economy, Dr Ngozi Okonjo-Iweala
Highlights ofInvestigative Forensic Audit done byPricewaterhouse Cooper into the allegations ofunremitted Funds into the Federation Accounts bythe NNPCfor the period January2012 to July 2013.
Highlights ofPwC Findings. Based on the work conducted byPwC, their conclusions are asfollows; Total gross revenues generated from FGNcrude oil liftings was $69.34 billion andNOT $67 billion as earlier stated by the Senate Reconciliation Committee for the period from January 2012 to July 2013.
Within the $69.34 billion, $28.22 billion was the value of domestic crude oil allocated to NNPC. Total amount spent assubsidy for PMS amounted to $5.32 billion
Total amount spent assubsidy for DPK (Not appropriated) amounted to $3.38 billion
Total other third party financing arrangement, and equity crude oil processing costs amounted to $1.19 billion
Total cost directly attributable to domestic crude oil amounted to $1.46 billion
Other costs incurred bythe Corporation not directly attributable to domestic crude oil is $2.81 billion
Revenue attributable to NPDCassubmitted by the former NPDCManaging Director to the Senate hearing (less PPT andRoyalty paid) is $5.11 billion. PwC stated that this amount needs to be incorporated into the financial statements of NPDCfrom where dividend should be declared to the Federation accounts.
Signature bonus, PPT andRoyalty yet to be paid byNPDCis $2.22 billion
Total cash remitted into the Federation accounts in relation to crude oil liftings was $50.81 billion and NOT $47 billion asearlier stated bythe Senate Reconciliation Committee for the period from January2012 to July 2013
Based on the informationavailable to PwC, and from the analysis above, the firm submitted that NNPC andNPDCshould refund to the Federation Accounts a minimum of $1.48billion.
PwC recommendations:
The PwC report centered on the following three (3) key areas;
NNPC Costs
Ownership ofNPDCrevenues
DPK subsidy
Below are the highlights asextracted from the report.
NNPC Costs
“The Corporation operates an unsustainable model. Forty six percent (46%) of proceeds of domestic crude oil revenues for the review period was spent on operations and subsidies. The Corporation is unable to sustain monthly remittances to the Federation Account Allocation Committee (FAAC), andalso meet its operational costs entirely from the proceeds of domestic crude oil revenues, andhavehadto incur third party liabilities to bridge the funding gap”.
NNPC provided transaction documents representing additional costs of $2.81 billion related to the review period, citing the NNPCAct LFN No 33 of1977 that allows for such deductions. Clarity is required onwhether such deductions should be madebyNNPC asa first line charge, before remitting the net proceeds of domestic crude to the federation accounts.
PwC therefore recommended that the NNPC model ofoperation must be urgently reviewed and restructured, asthe current model which hasbeen in operation since the creation ofthe Corporation cannot be sustained.
Ownership ofNPDCrevenues
PwC stated that:
- According to NPDCformer ManagingDirector's (Mr Victor Briggs) submission to the Senate Committee hearing on the subject matter, for the period covered bytheir mandate, NPDC generated $5.11billion (net of royalties and petroleum profits tax paid).
- They relied on the legal opinion provided to the Senate Committee bythe Attorney General (AG) onthe subject ofthe transfers ofNNPC’s (55%) portion of Oilleases (OMLs) involved in the Shell (SPDC) Divestments which impacted crude oil revenues in the period. The AG's opinion indicated that these transfers were within the authority of the Minister of Petroleum Resources to make.
- NNPC’s (55%) portion ofOil leases (OMLs) involved in the Shell Divestments related to the eight ( OML’s were transferred to NPDC for an aggregate amount ofUS$1.85billion. Sofar,only the amount of US$100m hadbeen remitted. PwC also added that they hadexpected a transfer basis higher thanthe US$1.85billion aforementioned
- NPDC had donea self assessment ofPPT and Royalty andhad unpaidself assessed PPT and Royalty to the tune of$0.47 billion related to the review period. PwC added that they did not obtain any information that suggested that NPDC hasbeen assessed for PPT and Royaltyfor the review period.
- PwC also stated that NPDC should remit dividend to NNPCand ultimately to the Federation accounts, based on NPDC’s dividend policy and declaration ofdividend for the review period.
Kerosine Subsidy
PwC determined from informationobtained from PPPRA that $3.38 billion relating to DPK subsidy cost was incurred bythe NNPC forthe review period. They obtained a letter, dated 19 October 2009 written bythe Principal Secretary to the President, to the National Security Adviser, confirming a Presidential directive of15 June 2009 instructing that subsidy onDPK be stopped. PwC also obtained a letter dated 16 December 2010 from the Executive Secretary PPPRA to the CBNGovernor clarifying that PPPRA hadceased granting subsidy on Kerosine since the Presidential directive of 15June 2009. Furthermore, Kerosine subsidy was not appropriated for in the 2012 and 2013 FGN budget.
However, the Presidential Directive was not gazetted and there hasbeen no other legal instrument cancelling the subsidy on DPK.
PwC therefore recommended that an official directive be written to support the legality ofthe kerosene subsidy costs. This should also be followed byadequatebudgeting and appropriation for the costs.
UkuraT. Samuel, JP, OFR, FCA
Auditor General for the Federation

Breakdown wont be bad...how much on salaries, equipments, maintenance,....

it would take years for the military to recover from this negative impression.

Pa super clueless Boko hari, go to school but you refused,this is morden warfare not 1983.