₦airaland Forum

porka:
Don't mind these people.

They are frantically looking everywhere for excuse to justify their bad choice.

When the Governors Forum was busy blackmailing the federal government with the support of some of their lawyers, they kept mute. Now that they have seen what their foolish actions have yielded they into they quickly turned to revisionist mode.

porka:
@Kagame

Plus, the increment in workers' salary from N5,500 minimum wage to N18,000 minimum was responsible for an increase in recurrent expenditure. ‎
‎
Infrastructure spending - Railways, roads, power transmission lines, universities, AIRPORTS upgrade, etc.

@Op

This government and its supporters based their CHANGE on WRONG assumptions.

olawalepopoola:
I have patiently studied trendsn posts and comments on Nairaland. Most people here seems to rain abuses on Mohammodu Buhari for his economic style! The yorubas have a wise saying that goes thus "ti omode subu, yio boju weyin, be agba ba subu, yio wo iwaju" meaning "if a young person falls down, he will look at the back, if an elderly person likewise falls down he will look forward"
The interpretation of this is that we Nigerians (as far as I am concerned a young nation compared to the likes of UK, USA, Russia, Germany etc) must look back and ask questions that needed to be really and genuinely answered by those concerned.
We have continually blame our economic woes on President Mohammodu Buhari style of leadership. However I would like put forward the following questions to anyone that cares:
1. How much was a barrel of oil sold as of January 1st, 2014 until GEJ left government.
2. How much did we save during those days of surplus.
3. How much did PMB met the sale of oil
4. Did the crushing of Naira against Dollars started during PMB's regime.
5. Did we ever challenged our government to tell us how much was in our coffers during GEJ's government.
These and many other questions must be asked before we begin to blame Buhari for our economic misfortunes.
Joseph was the governor general in Egypt in the bible and there was seven (7) years of surplus. 6 years in the case of Ebele Jonathan. While Joseph saved for the days of recession, Jonathan was busy sharing the lots and jeopardising the future of our unborn children! #dasukigate.
This is just my personal view!

olabukola:
The FG and Governors shared it. We cannot blame the FG alone cus I could remember when Iwela was hinting about the way the govs are demanding for the sharing of the money. They even took FG to court at some point.

porka:

It is very difficult for humans to admit failures. It is even more difficult for we black people.

Instead of acknowledging that they miscalculated and seek for help they want people to just keep quiet and watch them do further damage to Nigeria's economy and minds.

No one will allow anyone to run away from their responsibility.

Their best efforts have not yielded any tangible results and they can acknowledge that they overwhelmed by the tasks. Instead of coming clean to Nigerian people, they want to somehow find one excuse or another for their failures.

dammytosh:
They know, they just need to confuse the ignorants among them.

Excess crude oil account was Obasanjo's solution meant for a period like this.

They closed it and spent all the money inside the account.

We have not started probe at all. Dansuki is just the money Abacha stole that we recovered.

When the real probe start, ...

vicadex07:
Don't be a dullard. The gorvenors didn't put a gun to Jonathans head in order to make him cooperate. It is an indictment to his weak and clueless personality.

dBard:
Excess Crude Account was shared to all the governors and if I remember correctly, was one of the bone of contention the Fg then had with the governors.


Let's not be so partisan we become selective in our memories and refrain from all the name calling..
It's Not about parties but the country.

dBard:
Excess Crude Account was shared to all the governors and if I remember correctly, was one of the bone of contention the Fg then had with the governors.


Let's not be so partisan we become selective in our memories and refrain from all the name calling..
It's Not about parties but the country.

Gbawe:
God bless you OP and may he shower an abundance of blessing unto you and yours going into the new year and beyond. One has to praise the Nigerians, like you, with the clarity of vision to see what is actually going on while also understanding what must be done to rescue our nation from the 16 year 'black hole' the PDP has sunk her in. PDP has led since 1999 yet where are the 'rainy day' buffers , now that oil is selling for around $35.00 per barrel under Buhari, when oil sold for over $100.00 per barrel for most of the 5 years GEJ was President? Where is the diversified and robustly flexible economy the PDP had 16 years to deliver? What is the fate of the SME (small to medium enterprise) sector that is the lifeblood of the most developed economies in the world? In fact the SME completely disintegrated under the PDP !!! We must also ask why the PDP, over 16 long years , has failed to provide the constant power and robust infrastructure every adult worldwide understand is a critical requirement for the robust and sustainable socio-economic growth of Nigeria.

This is the hand Buhari and the APC have been dealt and anyone expecting a miracle in a few months is simply an unrealistic and highly simplistic individual who makes no allowance in their thinking for facts and the reality of what Nigeria is facing.

Like I tell my friends, Nigeria is facing worse than the credit crunch depression that crippled the economies of many western nations to the extent even leading and exemplary economies like the UK are only finding their feet today many years after the credit crunch and with economic stimulus measures such as keeping interest rates at an all time low of 0.5% for more than 6 years !!!!!!!

It would be better if some Nigerians take time educate themselves about the problems we face, courtesy of the mismanagement and corruption of the PDP, instead of constituting themselves into a menace and a headache for the Buhari government,. All. hands are needed on deck because this is what is required for the extent of the damage done by the PDP. The moment some Nigerians accept that we are in a serious economic downturn, albeit man-made, that is the moment they will understand they must be a part of the solution instead of making themselves a part of the problem with the ignorant and baseless demand for a miracle in a few months when the national income, diversified economy, strong SME contribution et al is simply not available to spur the sort of economic growth and well-being some want to see. When jobs were not created at a time we sold oil, which is responsible for 80% of our national income, at $110.00 per barrel is it now that oil is selling for $35.00 per barrel that employment will be booming? Nigerians need to think deeper, accept reality and make incrementally realistic demands.

vicadex07:
Don't be a dullard. The gorvenors didn't put a gun to Jonathans head in order to make him cooperate. It is an indictment to his weak and clueless personality.

dammytosh:
Who approved the sharing ?

only a visionless leader can and did...

Admiralomoniyi:
Imagine jonathan was re-elected,we would just wake up and see that Nigeria has been sold out to Garbon.....R.I.P wasteful past government

Kagame:
The comment in bold is a statement of fact.

APC made lofty promises they knew they would never materialise, all in their bid to capture power. Now they have the power but suddenly realized that Nigeria is broke,but the masses do not understand that,they want change.

porka:
No, they didn't pull a gun.

They applied what is known in democracy as political 'pressure'. It is a weapon used in NORMAL society.

You don't have to be a suicide bomber to achieve your aim in a democracy.

porka:
Your submissions above have no basis in fact.

From every known record available, SMEs witnessed tremendous growth in the last 16 years than any time in the history of Nigeria.

Records also indicate that there was significant increase in the number of middle class in Nigeria in the last 16 years.

EternalTruths:
Most anti Jonathan governors insisted on sharing without savings despite Okonjo's warnings

Amaechi was boasting of saving 1b naira monthly.

dBard:
I work in Rivers State n all those Amaechis claims n boasts were balderdash.
Reason I lost the respect I had for d dude.

Gbawe:
Nonsense. I am not talking of the 419 "Nigeria biggest economy in Africa after rebasing" type of scam that is merely abracadabra PDP is fond of deceiving Nigerians with. In real terms, the Nigerian SME sector is moribund and worthless. That is the reality you may not be willing to accept because you are a biased apologist of the PDP or GEJ. Do you know what vibrant and prolific SME sectors contribute to the biggest economies of the world to the extent they are called the "lifeblood" of those economies?

Bros it is Xmas eve so enjoy the day and leave out the 'achievements', always revealed in the end as fraud and scam, you guys are fond of crediting the PDP with.

olabukola:
The FG and Governors shared it. We cannot blame the FG alone cus I could remember when Iwela was hinting about the way the govs are demanding for the sharing of the money. They even took FG to court at some point.

EternalTruths:
The Chief culprits were

Amaechi

Aregbese

Oshiomole

Gbawe:
God bless you OP and may he shower an abundance of blessing unto you and yours going into the new year and beyond. One has to praise the Nigerians, like you, with the clarity of vision to see what is actually going on while also understanding what must be done to rescue our nation from the 16 year 'black hole' the PDP has sunk her in. PDP has led since 1999 yet where are the 'rainy day' buffers

FG, States, LGs Share N568.4 Billion for Oct



[img]http://cdn1.vanguardngr.com/wp-content/uploads/2015/09/412x247xOkonjo-Iweala-e1442838220305.jpg.pagespeed.ic.nz-K0adxSv.webp[/img]



Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that [size=14pt]the states had requested for $2bn[/size] to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

vicadex07:
Which records

You mean Okonjo Iwealas Voodoo economic statistics where the economy keeps growing yet the standard of living of an average Nigerian keeps falling

vicadex07:
Don't be a dullard. The gorvenors didn't put a gun to Jonathans head in order to make him cooperate. It is an indictment to his weak and clueless personality.

Gbawe:
Nonsense. I am not talking of the 419 "Nigeria biggest economy in Africa after rebasing" type of scam that is merely abracadabra PDP is fond of deceiving Nigerians with. In real terms, the Nigerian SME sector is moribund and worthless. That is the reality you may not be willing to accept because you are a biased apologist of the PDP or GEJ. Do you know what vibrant and prolific SME sectors contribute to the biggest economies of the world to the extent they are called the "lifeblood" of those economies?

Bros it is Xmas eve so enjoy the day and leave out the 'achievements', always revealed in the end as fraud and scam, you guys are fond of crediting the PDP with.

porka:

It is very difficult for humans to admit failures. It is even more difficult for we black people.

Instead of acknowledging that they miscalculated and seek for help they want people to just keep quiet and watch them do further damage to Nigeria's economy and minds.

No one will allow anyone to run away from their responsibility.

Their best efforts have not yielded any tangible results and they can't acknowledge that they overwhelmed by the tasks. Instead of coming clean to Nigerian people, they want to somehow find one excuse or another for their failures.

Gbawe:
Don't mind him. Like the lies of "Nigerian economy is strong and robust" told by Okonjo-Iweala whereas the GEJ government was already borrowing to pay salaries same time NOI was making her fraudulent assertion. Majority of PDP sympathisers are simply perverse enemies of Nigeria's progress with how they will see the truth and still engage in ridiculous lies. The chap should go and educate himself about what a proper SME sector delivers for a productive economy before he bores, this fine Xmas eve day, with his lame defence of corruption, indolence, ineptitude and downright incompetence.

SweetSoup:
By miscalculating, do you mean voting out Jonathan?

dBard:
@ dammytosh.. this is your answer right here.
Typically, the ringleaders of the sharing then, are the ones reaching out for the tyre n matches screaming'burn him'..
The beauty of the computer age is, it's all there @ d click of a button for those that need their memory jogged