₦airaland Forum

Excuzeme:
Fayose is seeing the handwriting on the wall........... something Olisah Metuh refuse to see!

This visit is a "fence-mending" visit by Fayose, so he can be rehabilitated by APC.

he knows that #EkitiGate is just a matter of time.

Who needs another enemy, if you make the president your enemy?

Nebuchadnezar:
oshokomole of yoruba land the man his great deeds supercedes that of awolowo and any yeroba leader dead or alive
ride on gov. Fayose the only yeroba man that care for his people sending the jobless youths and omonile them to aba and onitsha to learn trade from igbos..
Buhari trembles when you speak that's the kind of opposition pdp needs not the so called mild opposition


where's my boy TonyeBarcanista sef
the king of Babylon is calling you
KING NEBUCHADNEZAR!!

kossyablaze:
This one say clear headedness.....the oda APC man say em need Rehab....who we go come believe now?

PhockPhockMan:
http://www.vanguardngr.com/2016/01/aregbesola-hails-fayose/

Nebuchadnezar:
oshokomole of yoruba land the man his great deeds supercedes that of awolowo and any yeroba leader dead or alive
ride on gov. Fayose the only yeroba man that care for his people sending the jobless youths and omonile them to aba and onitsha to learn trade from igbos..
Buhari trembles when you speak that's the kind of opposition pdp needs not the so called mild opposition


where's my boy TonyeBarcanista sef
the king of Babylon is calling you
KING NEBUCHADNEZAR!!

PhockPhockMan:
Fayose remains the face of Yoruba politics.




Lalasticlala, obinoscopy

sameer1212:
You mean Fayose,stomach infrastructure governor

Mufasa27:
APC is in disarray..

anonimi:
www.nairaland.com/attachments/2938131_img20151008115017_jpegda469a94c9fd77807838733617689646

Nebuchadnezar:
oshokomole of yoruba land the man his great deeds supercedes that of awolowo and any yeroba leader dead or alive
ride on gov. Fayose the only yeroba man that care for his people sending the jobless youths and omonile them to aba and onitsha to learn trade from igbos..
Buhari trembles when you speak that's the kind of opposition pdp needs not the so called mild opposition


where's my boy TonyeBarcanista sef
the king of Babylon is calling you
KING NEBUCHADNEZAR!!

wealth123:
We do not celebrate hooliganism in Yorubaland like they do where you come from. Awolowo versus Fayose - no basis of comparison. Stomach infrastructure is a senseless and myopic program that will not empower the Ekiti people. Awolowo's legacies will remain indelible in the minds of all Yorubas. So mr ignoramus receive sense.

yemmynoni:
I knw say u no be Yoruba, awon ologo pelebe

wealth123:
We do not celebrate hooliganism in Yorubaland like they do where you come from. Awolowo versus Fayose - no basis of comparison. Stomach infrastructure is a senseless and myopic program that will not empower the Ekiti people. Awolowo's legacies will remain indelible in the minds of all Yorubas. So mr ignoramus receive sense.

vicadex07:
Your life shall end up like that of king Neduchadnezer in the bible for spewing this blasphemous trash against our OWN AWOLOWO.

AtlanticBreeze:
fayose has the same immunity as buhari.. keep dreaming. not everyone is afraid of your zombie god buhari.

Image123:
Two of the poorest states in the South-West, even if they merge the two states together, na still gbese though Osun is better as he has idea but no money. Maybe he came to ask him about building airport, lol.

Firefire:
As a rejoinder to this publication: https://www.nairaland.com/2872621/aregbesola-inflated-airport-contract-n11.5bn#42080710

Femi Makinde, Osogbo

The Osun State Governor, Mr. Rauf Aregbesola, has said he deserves commendation for building the Moshood Abiola International Airport at Ido-Osun, Osun State, for N11.5bn.

A consultant to the state government on information, Mr. Sunday Akere, who spoke on behalf of the governor, said this in a telephone interview with our correspondent on Tuesday.

He said the contract was not inflated to siphon the state’s resources as alleged by the Peoples Democratic Party.

He said the increase in the contract sum was necessitated by the inflation caused by the fall of the naira.

Akere said, “The PDP in Osun should be ignored, they are just seeking relevance. They should find out how much PDP states like Akwa Ibom, Gombe and others built their airports.

“When former President Goodluck Jonathan was in power, he said he added an additional airstrip to the Nnamdi Azikiwi International Airport, Abuja with N36bn. We should be commended for building an airport with N11.5bn.

“If we are building a complete airport with a hanger and other facilities for N11.5bn, then we should be commended. The governor deserves commendation.”

Akere also said the initial cost of the airport was underestimated.

But the PDP accused the governor of increasing unilaterally the contract sum of the airport from N4.5bn to N15.5bn.

The Director of Media and Strategy of the Osun PDP, Mr. Diran Odeyemi, said this in a statement on Sunday.

The statement read, “We are aware that Governor Rauf Aregbesola, on January 8, 2016 through a letter with reference number SP/S96/1/vi/348 re-awarded the airport contract to the same contractor and a payment of N472m was paid as take-off sum.

“The same company had earlier been paid N2.7bn for the same project without any serious work done on the project.

The PDP also accused the governor of inflating the contract sum in order to embezzle the bailout funds it got from the Central Bank of Nigeria.

The opposition party lamented that workers in the employ of the state were languishing in hunger as a result of unpaid salaries.

The party had said, “We are calling on the President and anti-graft agencies to send a secret team to the site of the so-called Moshood Abiola International Airport, Ido-Osun, to confirm what the government and the airport company had done with the N2.7bn taken from the purse of the state on December 14, 2012.


“Out of the amount, N2.5bn was sourced as a loan from a bank to be repaid monthly at N100m from the SURE-P funds. That loan is now part of the N88bn restructured for the state by the Central Bank for repayment till the year 2034 .”

Cc: Lalasticlala

http://www.punchng.com/aregbesola-admits-increasing-airport-contract-by-n7bn/

IkpuMmadu:
[s]The Greatest Heist in Modern History By Awolowo and the Yorubas Known as Indigenization of Foreign Companies in Nigeria

Chief Obafemi Awolowo

This piece was prompted by what I saw as benign ignorance amongst some of our Ibo folks and because such ignorance is music to the ears of some other people and Yoruba in particular. In more than one occasion my friends and other Ibo have advanced the argument that if Ibo was that smart, how come Yorubas dominated the commerce industry in Nigeria? What they meant were the domination of Yoruba in the banking, insurance industries, Coco Cola and some other surviving industries. In one particular occasion a friend revealed to me that he recently discovered that the reason why some Yoruba are so wealthy is because they were smart enough to invest their money in corporate stocks and bonds (not realizing that Yoruba actually stolen those corporations) while Ibo is busy engaging in buying and selling. The Yoruba will like people to continue to believe that story, that it was because they were smart that they were able to do all these great investments in the commerce industry. One relevant question that I always managed to ask my interlocutors is whether they were aware of the indigenization decree of 1972, master minded by Awolowo and the Yoruba and the ramifications of that policy, as will be expected, the answer ranged from, I have heard of it but does not understand what it actually meant to I have not heard of the policy. Listening to this ignorance induced perspective from my friends made my heart to skip a beat, realizing that the task of bridging this information gap is not going to be a child’s play. What is disconcerting is that some in their benign induced ignorance believe that the effect of indigenization is inconsequential at this time because it happened about forty years ago. This piece is therefore for those that are educable and for those that have the capacity to appreciate the magnitude and most importantly for those that can relate that gigantic economic event that reshaped the economic foundation on which Nigerian economy settled on after the British/Biafran war and as well as relate our present economic malaise to that economic foundation engendered by indigenization.

There is no doubt that most people, particularly those that do not have either basic or international economics background are overwhelmed by the subject of INDIGENIZATION OF FOREIGN COMPANIES IN NIGERIA because of their inability to understand the economics of it and the efficacies to make the necessary connections and relate it to the present economic doldrums, some simply brush it aside or worse, simple minimize its far reaching implications particularly on the Ibo. In so doing, majority of us dabble into analysis of how terrible Ibo has managed their affairs since after the civil war, while leaving out a huge chunk of the elements that need to be factored into their analysis. The unspeakable effect of the policy of indigenization on the Ibo was wicked and dastardly. The economic damage on the Ibo is impossible to calculate. The psychological toll on the Ibo is still reverberating amongst the Ibo today and creating identity crisis. Some folks will argue that we should drop the subject because it happened forty years ago, which is equivalent to saying that because slavery, Jim crow and the holocaust happened years ago, and for that reason, they have no relevance in today’s analysis. How can any credible analysis of American history not include slavery and its implications, or how can any Jewish history not include the holocaust and its implications and effects, but that is what some folks want us to do, to avoid or forget one of the most devastating economic policies that changed the economic landmark of Nigeria, second to the genocide of more than a million Ibo committed by the same man, Awo, and still arrive at any meaningful analysis. I believe that the incredulity that any ethnic group is capable of visiting such devastation on another is still an obstacle that the subject is struggling against and must overcome. It is not that most people do not know what happen, it is simply that they do not what to believe that it happened because it is mind bending. I also believe that if we do not tell the story over and over, the Yorubas will not tell and neither will the Hausa tell it, as a matter of fact they always wish that it will go away. So whether they like it or not, we must continue to broadcast what happened until people start to understand the effect of the policy not only on the Ibo but on the nation as a whole. Suffice to say that after Awo and the Yoruba succeeded in executing the indigenization decree and became overnight millionaires, many Ibo packed their bags and left Lagos to the east –ala Ibo, where they shortly died out of heart break because some of them also suffered the deprivation of their properties due to abandon property policy in Lagos and Port harcourt.

WHAT ENGENDERED THE INDIGENIZATION POLICY?

It is no more news worthy to point out that before the civil war that Ibo out of their capacity for honesty, to work hard, to produce, to innovate, to manage, create and persevere were able to penetrate all facets of Nigerian endeavor, when the British used merit as a yard stick. It is an irrefragable fact that even Yoruba would not dare challenge that fact, if not, what started the Yoruba hate, envy and jealousy against the Ibo in the first place, Yoruba and Hausa claimed that Ibo was dominating everything in the country but what they will not acknowledge publicly was the fact that the British were making the decisions about who to hire by their own standard and not by Ibo standard and that Ibo was good at what they did and better than them. The Yoruba and Hausa wanted not only equal opportunity they also wanted equal outcome regardless of effort and everyone knows that that is impossible.

There is one very important fact in my analysis that I want everyone to get, and that is that before the civil war, Nigeria as a nation did not have an economic of its own. Let me say it again, that Nigeria as a nation before the British/Biafran civil war did not have an economy of its own. I emphasized that point in other to say that whatever seemed like Nigerian economy were British owned. Put differently, if you excluded few of the regional cooperatives and some joint ventures businesses which were mostly British engineered to make buying raw materials easy for the British, ever y other aspect of the economy were owned majorly by the British, even the military, given the fact that almost every military supply came from Britain. It is then save to say that British investment in Nigeria amounted to a great totality of Nigerian economy or that Nigerian economy was at that time synonymous to the total investment of the British.

Below, courtesy of Africa today are the list of some of the companies that constituted Nigerian economy before the war that the Yoruba stole in one swoop, spanning the insurance companies like Lloyd’s of London and all the banks in Nigeria owned one way or the other by the British. This is but a partial list of what constituted the British investment in Nigerian economy.

“Pharmaceutical Nigeria Plc ,May and Baker Nigeria Plc,Vitafoam Nigeria Plc,Wahum Nigeria Limited ,CAP Nigeria Plc , International Paints of West Africa [IPWA], Berger Paints Nigeria Plc, Berec Nigeria Limited, Kabelmetal, Nigeria Bottling Company Plc, Leventis Nigeria Plc ,West African Portland Cement Company,[Lafarge ],Wema Bank Nigeria Plc, Scoa Nigeria Plc ,CFAO Nigeria Plc, Cadbury Nigeria Plc, Wemaboard Estates, Odua Group, Livestock Feeds Nigeria Plc , Nigerian Breweries Plc, new nigerian Bank, Batta, Kingsway Stores, Crittal Hope[/s] (Nigeria

PhockPhockMan:
Fayose remains the face of Yoruba politics.




Lalasticlala, obinoscopy

vicadex07:
Your life shall end up like that of king Neduchadnezer in the bible for spewing this blasphemous trash against our OWN AWOLOWO.