₦airaland Forum

It is obvious Nigerian's education system failed to influence, positively, the reasoning ability of some so called educated folks. I keep wondering why some past and present Government officials are being accused of looting the nation's money, corroborating such accusation with evidences, and some ethnic bigots still berate the effort of government doing such wonderful work. Even these officials are not denying it and it is yielding good result because looted funds are being recovered.


We should put on our thinking cap, do away with ethnic sentiment and face the reality. Jonathan's administration left the economic in critical condition, but the time-lag between action and effects concealed this effect till present time. It might interest some people to know, payment of subsidy to Oil marketers stopped as far back as August, 2014 when Jonathan was still in power. (Vanguard, 04 November, 2015. Source: http://www.vanguardngr.com/2015/11/fg-to-pay-oil-marketers-n413bn-subsidy-debts-as/). This suggest that the Government started struggling with financial crisis at that point or before this period. So you people should not sound as if President Buhari created the scarcity.


Going further, I believe it will be in the country's best interest if subsidy payment on petrol is stopped by government. According to an analyst, Petrol won’t sell above N100 without subsidy. Assess this link for details: (http://sweetcrudereports.com/2015/11/30/petrol-wont-sell-above-n100-without-subsidy-experts/) .


In addition to this, it was estimated that N13.972trn was stolen in the last administration (Check source for breakdown: http://www.vanguardngr.com/2015/08/jonathans-govt-must-account-for-n13-9-trn-apc/). This amount is within the circle of people not up to 20 in number. A figure more than double of national budget, of N6.08trn, presented by PMB for a whole year.
Note: In my own opinion, the discovered fund is less than half of total funds stolen.


Furthermore, as far as dipping value of Naira which stemmed from dwindling oil price is concerned, it started last year. Refer to this link for details: http://www.premiumtimesng.com/business/171875-dwindling-oil-price-cbn-devalues-naira-raises-lending-rate.html


Let's just assume Jonathan was still in power while these cruel actions of these bandits continue, don't you think the Nigerian economy would be in ruin in short-time to come.


The new administration got into power, not up to a year, and some people has started criticizing it. Economists on this forum should help educate some people because, from my own little knowledge of economic policies, there is something called "time lag". So I'm of the opinion, it is too early to start criticism.

I strongly believe that Nigeria will get value for this budget presented, because fear has been created in the heart of current Government officials, and it is a common sense that each ministry will be more than willing to show value for every kobo allocated to it.

I'm just a fan of good government with believe that we are heading towards a better environment. Won't be surprised, some deluded fellows will denigrate this. But, it is good to give a logical criticism, devoid of sentiments.

Who created it ?

I smell lai Mohammed

I hope you know as at 10:47am 23/12/2015, a dollar now exchanges with naira at 295. Fuel is still scarce. Some who sells drops at about 150/l. Even black market is now everywhere at 5L for 1000. FG yet to pay salary. Smiles. We shouldn't criticize until our head goes off our neck abi... wicked guy..... i'm still pondering over why small generating set was banned oooo and all those big gens with bigger cylinder and more Carbon mono oxide c0ming out of them are yet to... OP, perhaps, until you hear the cry of an average man, your sense will come back to normal and hold the present govt responsible for their actions and inaction. Govt is a continuum process. Obama inherited bad economy, he didn't complain, instead, he worked on it and today, America still withhold its world power. As a leader, everything that happen is your fault. Those who v0ted buhari in did not do so because they want him to be complaining, rather, they trusted him to be able to right every wrongs in Nigeria. #Acceptresponsibility.

ZOMBIES WONT READ THIS THREAD, BUT THEY WILL DEVOUR YOU LIKE SAY YOU STEAL THEIR YAM

OZAOEKPE:
ZOMBIES WONT READ THIS THREAD, BUT THEY WILL DEVOUR YOU LIKE SAY YOU STEAL THEIR YAM

Nothing so convincing about the thread. Just the same gibberish you, your folks and your leader Liar muhammed spits about. I hope it's not late before the present adm realises that govt is a continuum process. They only need to reform, restructure and put things in order. If they blame from today till tomorrow, it only make them look weak and frail. It makes the look untrustworthy anymore.
Ok, a soldier just promised me he would escort through a kill zone area. we embarked on our journey. I trusted him coz i believed he is armed and gallant. We started the journey only for us to have our first encounter and me waiting for my gallant man to shoot, he suddenly paused and said no mag in his gun because his senior is corrupt and would have stolen is mag. Why didn't he check before we started? If he had checked, why didn't he make provisions for another mag? So, he's actually waiting for both of us to get killed before realizing he need to go get a mag! Or he will keep blaming the senior and get us killed. Reason with your head pls. The solution is plainly there for Buhari. He should #Acceptresponsibility. Or is he confused?

keyzid:
I hope you know as at 10:47am 23/12/2015, a dollar now exchanges with naira at 295. Fuel is still scarce. Some who sells drops at about 150/l. Even black market is now everywhere at 5L for 1000. FG yet to pay salary. Smiles. We shouldn't criticize until our head goes off our neck abi... wicked guy..... i'm still pondering over why small generating set was banned oooo and all those big gens with bigger cylinder and more Carbon mono oxide c0ming out of them are yet to... OP, perhaps, until you hear the cry of an average man, your sense will come back to normal and hold the present govt responsible for their actions and inaction. Govt is a continuum process. Obama inherited bad economy, he didn't complain, instead, he worked on it and today, America still withhold its world power. As a leader, everything that happen is your fault. Those who v0ted buhari in did not do so because they want him to be complaining, rather, they trusted him to be able to right every wrongs in Nigeria. #Acceptresponsibility.

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I understand you bro. The worse state of USA economy is better than Nigeria's economy at it best. Although, there is no power that says thing will not change. The funds that should be used to embark on pivot projects is in the hand of some bandits. It might interest you to know that the total expected revenue is more than estimated expenditure base on the budget presented. The president will not manufacture money, economic activities will generate it. Naira started falling against Dollars since last year and not this year.

Left to me, I would say the starting point for Nigeria is to create an atmosphere of discipline. Because that is a type of environment that will permit us to enjoy value for every kobo spent. The President asserted that "if we do not kill corruption, corruption would kill us".

keyzid:
Nothing so convincing about the thread. Just the same gibberish you, your folks and your leader Liar muhammed spits about. I hope it's not late before the present adm realises that govt is a continuum process. They only need to reform, restructure and put things in order. If they blame from today till tomorrow, it only make them look weak and frail. It makes the look untrustworthy anymore.
Ok, a soldier just promised me he would escort through a kill zone area. we embarked on our journey. I trusted him coz i believed he is armed and gallant. We started the journey only for us to have our first encounter and me waiting for my gallant man to shoot, he suddenly paused and said no mag in his gun because his senior is corrupt and would have stolen is mag. Why didn't he check before we started? If he had checked, why didn't he make provisions for another mag? So, he's actually waiting for both of us to get killed before realizing he need to go get a mag! Or he will keep blaming the senior and get us killed. Reason with your head pls. The solution is plainly there for Buhari. He should #Acceptresponsibility. Or is he confused?

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Of cos only the shallow-minded fellows would say what we are experiencing now is not a reform. A situation where people will be afraid of embezzling money. A situation where government officials will strive to show value for every kobo received.

Mind you, the government job is ongoing. The administration never told it won't be able to achieve its objectives. It's just a matter of time, and it's too earlier to conclude "nothing will happen". I'm not here to say he will work all out, just saying it's too early to conclude.

oshdam2015:
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I understand you bro. The worse state of USA economy is better than Nigeria's economy at it best. Although, there is no power that says thing will not change. The funds that should be used to embark on pivot projects is in the hand of some bandits. It might interest you to know that the total expected revenue is more than estimated expenditure base on the budget presented. The president will not manufacture money, economic activities will generate it. Naira started falling against Dollars since last year and not this year.

Left to me, I would say the starting point for Nigeria is to create an atmosphere of discipline. Because that is a type of environment that will permit us to enjoy value for every kobo spent. The President asserted that "if we do not kill corruption, corruption would kill us".

Smiles. Do you believe the past administration looted the money they generated? If yes, those ministers should sit their butt down and work. Have you reviewed the monies generated from oil sales 3rd quarter for 2015 ? Far more than what the PDP generated last year and last two years even when Oil price was still valuable then. That tells you, with this current adm, and with Muhammadu Buhari being the minister, our oil sector will still make a meaningful effect even at 35$ / barrel if not compromised ooooo. So, my main point, is, Let them #Acceptresponsibility. I believe Nigeria is a well resourceful nation, if diversified meaningfully in its IGR, things will soar higher. Bigger and Greater nation i pray for though.

oshdam2015:
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Of cos only the shallow-minded fellows would say what we are experiencing now is not a reform. A situation where people will be afraid of embezzling money. A situation where government officials will strive to show value for every kobo received.

Mind you, the government job is ongoing. The administration never told it won't be able to achieve its objectives. It's just a matter of time, and it's too earlier to conclude "nothing will happen". I'm not here to say he will work all out, just saying it's too early to conclude.

laughs. Conclusion aside. The falling of Naira is as a result of few policies by the CBN. should it be like that? now i can't even peacefully and gallantly make any online transaction! I know with time, things will change for better. But does the CBN wants things to finally enter wreckage or go beyond repair before they put a stop to this geometric falling of our dear Naira? so sad. To me, sometimes, i thig, had buhari appointed some key ministers immediately he assumed office, things wont go bad like this ooo.

keyzid:
Smiles. Do you believe the past administration looted the money they generated? If yes, those ministers should sit their butt down and work. Have you reviewed the monies generated from oil sales 3rd quarter for 2015 ? Far more than what the PDP generated last year and last two years even when Oil price was still valuable then. That tells you, with this current adm, and with Muhammadu Buhari being the minister, our oil sector will still make a meaningful effect even at 35$ / barrel if not compromised ooooo. So, my main point, is, Let them #Acceptresponsibility. I believe Nigeria is a well resourceful nation, if diversified meaningfully in its IGR, things will soar higher. Bigger and Greater nation i pray for though.

.

Bro back your fact with source. You just asserted that the money made from crude oil in 2015's 3rd quarter is more than what was made last year. It got me fascinated, however, give me source or #idontbelieveit#.

oshdam2015:
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Bro back your fact with source. You just asserted that the money made from crude oil in 2015's 3rd quarter is more than what was made last year. It got me fascinated, however, give me source or #idontbelieveit#.

Pardon my steadfastness and compromised fact. Not more than but the difference wasn't that much. I think for 2014 was around 1.2trn while 2015 was around 900bn. And remember, Oil sold at 140$ / barrel last year. While it sold at 35$ / barrel. Now, compare those two report, don't you think if the then Minister for Petroleum wasn't much corruptible, the difference wouldn't have been that close...imagine.

http://sunnewsonline.com/new/okonjo-iweala-disagrees-with-petroleum-marketers-over-n200bn-debt/

OP, This was from May this year, on the issue of subsidy you can't say the previoud government stopped the payments last year.


"
Speaking to newsmen in Abuja, the Minister explained that last week the Federal Government paid the market­ers N156 billion but noted that since after the payment the debt had risen to N131 billion. “Since December we have paid half a trillion naira. We have paid N500 billion. So, we have tried really hard and so we have appealed to them that they are also Nigerians. With the fact that we have prioritized them in their payment so Nigerians won’t suffer. That has been the main tenet of this. Let us try and pay eventhough we have seri­ous revenue challenges so that Nigerians won’t suffer, Nige­rians won’t be in queues” she appealed.

We shouldn't be creating reasons why the current government can be exonerated if "God Forbids" they fail, every excuse should be placed on the sidelines and we forge ahead.

"Complaint has never and will never be a strategy" - NavierStokes

keyzid:
laughs. Conclusion aside. The falling of Naira is as a result of few policies by the CBN. should it be like that? now i can't even peacefully and gallantly make any online transaction! I know with time, things will change for better. But does the CBN wants things to finally enter wreckage or go beyond repair before they put a stop to this geometric falling of our dear Naira? so sad. To me, sometimes, i thig, had buhari appointed some key ministers immediately he assumed office, things wont go bad like this ooo.

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I get you. But try to understand that the major reason for falling value of naira against dollar is at back of falling crude oil price. The CBN only introduced policies targeted at rescuing the currency. Of cos you right about your believe on the time of appointment. But it's not 'how far" but "how well'. More so, the integrity and ability of Government depends on the people behind it. That is why it is important to pay good attention towards selection. My own opinion though.

we dont care who created it, all we care is the solution to the problems, govt is a continuum, u inherit assets and liabilities. hipocrisy is when u want to be praised for the assets inherited, but want to run away from the liabilities

igwe123:
we dont care who created it, all we care is the solution to the problems, govt is a continuum, u inherit assets and liabilities. hipocrisy is when u want to be praised for the assets inherited, but want to run away from the liabilities

I like your point. But people should understand that it takes time for things to happen. The quantum of time will depend on degree of damage. Great deficit and other problems was created by past Government and people want magic within short-term. We should be realistic for God's sake.

I hope people appreciate the gravity of the situation we are in? A friend called me just now that fuel is now being sold at N1500 for a gallon in Jos, Plateau State. He has now joined a queue at NNPC Mega Station where the queue is over one kilometer. At this time, Nigeria needs out-of-the-box economic managers to get out of this. Oil price is collapsing very fast. Quit excuse-making, blame-shifting and move to strategic thinking cum problem-solving mode!.

People are sounding as if Mr President should paid the Oil Marketers from is pocket or probably neglect all other project needing attention and pay debt previous administration incurred. Of cos Government will eventually pay the debt, but respect the fact that Nigeria is experiencing crisis now and there is what is called crisis management. zik4ever, maybe you should suggest what the president should have done regarding the debt that led to this crisis.

Why wasn't the economy this harsh under GEJ? Buhari has a history of coming up with policies that makes the economy harsh.

Buhari had no economic team on ground for several months, which helped destroy the fragile economy. Today Nigerians are reaping the fruit of buhari's one man show.

I have a feeling that buhari is a hoarder who prefers hoarding cash instead of using it to run the economy. He did it the first time he stole power, he was busy screaming no money and complaining until IBB stole the power from him and money started coming out from nowhere.

Enough of blaming GEJ for apc failures, there is a difference between running a country and running a state, apc should eat the humble pie and take lectures from pdp on how to run a country instead of doing experiments with Nigeria and mortgaging the future of Nigeria like they did to their states with little to nothing to show for it.

Pdp minions are never known to reasonable people. The same locusts that robbed us blind now act like economic geniuses who are fiscally responsible. They are mad men their supporters are foolish men and women.

Someone on Twitter said

@PhilipObin It's sad that PDP failed as a ruling party and it's also failing now as an opposition party. Was failure created with PDP?

keyzid:
I hope you know as at 10:47am 23/12/2015, a dollar now exchanges with naira at 295. Fuel is still scarce. Some who sells drops at about 150/l. Even black market is now everywhere at 5L for 1000. FG yet to pay salary. Smiles. We shouldn't criticize until our head goes off our neck abi... wicked guy..... i'm still pondering over why small generating set was banned oooo and all those big gens with bigger cylinder and more Carbon mono oxide c0ming out of them are yet to... OP, perhaps, until you hear the cry of an average man, your sense will come back to normal and hold the present govt responsible for their actions and inaction. Govt is a continuum process. Obama inherited bad economy, he didn't complain, instead, he worked on it and today, America still withhold its world power. As a leader, everything that happen is your fault. Those who v0ted buhari in did not do so because they want him to be complaining, rather, they trusted him to be able to right every wrongs in Nigeria. #Acceptresponsibility.

U Deserve A Cool Beer!!

@OP most of them know this, they're not just being truthful. Yes it's true, some of them are dumb as rocks, folks that are led like sheep whatever direction their benefactor leads but for the most part they know. In 2012, Gallup took a poll to ask who was more to blame for the bad economy, Obama or Bush, guessed who more people picked.. Bush. Now this is 2012, three whole years after Bush left and more people still blame him for the bad economy. Reason Americans voted this way is because they're knowledgeable and because they love their country more than any damn politician.

They know how poisonous some of the economic policies were during the Bush administration and they're truthful to themselves to admit damages done won't just disappear in a hurry. Now with all these, this doesn't even including massive theft of public funds. This was just bad policies and they still blamed him for years. Imagine if massive looting was added to those bad policies as was the case in Nigeria, Bush would be blamed for decades.

Buhari is just seven months in and he's being blamed for sixteen years of rot, sixteen years of bad policies and looting, escalated in the past 5 years. If this man it's able to turn things around a little bit in a year, he should be given several awards. The focus on infrastructural development us very smart, that way people see things are being done. The background rot will take a while to clean up.

Here's the link for people that want to doubt my Gallup story
http://www.gallup.com/poll/155177/americans-blame-bush-obama-bad-economy.aspx

P.S. for those who know, Gallup has been the most credible, most referred to poll in America for ages.

kaypling:
@OP most of them know this, they're not just being truthful. Yes it's true, some of them are dumb as rocks, folks that are led like sheep whatever direction their benefactor leads but for the most part they know. In 2012, Gallup took a poll to ask who was more to blame for the bad economy, Obama or Bush, guessed who more people picked.. Bush. Now this is 2012, three whole years after Bush left and more people still blame him for the bad economy. Reason Americans voted this way is because they're knowledgeable and because they love their country more than any damn politician.

They know how poisonous some of the economic policies were during the Bush administration and they're truthful to themselves to admit damages done won't just disappear in a hurry. Now with all these, this doesn't even including massive theft of public funds. This was just bad policies and they still blamed him for years. Imagine if massive looting was added to those bad policies as was the case in Nigeria, Bush would be blamed for decades.

Buhari is just seven months in and he's being blamed for sixteen years of rot, sixteen years of bad policies and looting, escalated in the past 5 years. If this man it's able to turn things around a little bit in a year, he should be given several awards. The focus on infrastructural development us very smart, that way people see things are being done. The background rot will take a while to clean up.

Here's the link for people that want to doubt my Gallup story
http://www.gallup.com/poll/155177/americans-blame-bush-obama-bad-economy.aspx

P.S. for those who know, Gallup has been the most credible, most referred to poll in America for ages.

Don't mind them, we've got a lot of educated illiterate in Nigeria. You stated a point, backed it up with fact and source, which is brilliant. Some clueless fellows will come on here, say rubbish and expect you to accept.