₦airaland Forum

blueto:
so how did you become a minion to the ‘fantastically corrupt’ Bubu that made plethora infelicitous blunders?

A president that Forgot the name of his vice-presidential running-mate. Called him Yemi Osunbade instead of Yemi Osinbajo.
Told President Obama the name of his political party is the All Nigeria’s Peoples’ Congress when it is All Progressives Congress. Call hia party on CNN the All Progressives Confidence.

Told Al Jazeera INEC means Independent Nigerian Electoral Commission instead of Independent National Electoral Commission. Even though West Germany ceased to exist in 1999 and the current German president is Joachim Gauck, referred to German Chancellor, Angela Merkel as “President Michelle of West Germany.”

How such a person was able to indoctrinate or subjugate an ‘erudite’ still amazes me.

crixtex:
huh..

what about the recovered funds?
What about money from TSA
What about the revenue from the removal of subsidy of PMS
What about the Nigerian-China deal? ?

cktheluckyman:
Empty brain woman. You obviously lacks what it takes to oversee Nigeria's economy

blueto:
https://www.thecable.ng/nigeria-has-no-other-option-but-to-borrow-says-adeosun?_e_pi_=7%2CPAGE_ID10%2C7022720258

989900E:
We had this discussion some months back, do it already!

We should have done the borrowing months back . . . this is the sluggishness and knack for making simple procedures turn rocket science I was complaining about . . . now they will go to the house, and those ones will start some other selfish and st00pid agenda, after first taking a century to convince the President about how this is the better way to go.

We are lacking hundreds of billions of dollars in infrastructure, especially income generating investments -- we need all the serviceable loans we can get, to play catch up.

Borrowing is the not the problem, identifying and utilizing/implementing such credit facilities for lucrative income generating projects is the meat of the matter.

crixtex:
huh..

what about the recovered funds?
What about money from TSA
What about the revenue from the removal of subsidy of PMS
What about the Nigerian-China deal? ?

MXrep:
a whole minister of finance said all this, everything she said sound so ordinary and similar to a common nairaland zombie

gboss4sure:
We got buhari because of people that voted on their emotions without using their brains.

Shym3xx:
I'm lost here.

I thought they floated the dead currency a la toilet paper cos of investors...so why do they need to borrow again for investment? Lol

Methinks she has been compromised by the illiterates she's surrounded by. She needs to resign and leave the sinking ship before it destroys her CV. There's no hope for the government and it's going to get worse, especially with the toilet paper currency floating everywhere and lack of proper fiscal/economic policies. The interest rates are already extremely high and that should wipe out a lot of SMEs and slowly wipe out the "middle class". And that right there is a hole Naij won't get out of for at least a decade.

Run for your life lol.

SweetJoystick:
Smh you with brain, simple correct English sentence you can't write.

989900E:
We had this discussion some months back, do it already!

We should have done the borrowing months back . . . this is the sluggishness and knack for making simple procedures turn rocket science I was complaining about . . . now they will go to the house, and those ones will start some other selfish and st00pid agenda, after first taking a century to convince the President about how this is the better way to go.

We are lacking hundreds of billions of dollars in infrastructure, especially income generating investments -- we need all the serviceable loans we can get, to play catch up.

Borrowing is the not the problem, identifying and utilizing/implementing such credit facilities for lucrative income generating projects is the meat of the matter.

hucienda:
So the country should continue digging deeper into recession?

Imagine FDR saying this to the American people during the Great Depression. Nigeria lacks effective leadership at this crucial time. The President and his team are daily proving themselves incompetent.

crixtex:
huh..

what about the recovered funds?
What about money from TSA
What about the revenue from the removal of subsidy of PMS
What about the Nigerian-China deal? ?

cktheluckyman:
Empty brain woman. You obviously lacks what it takes to oversee Nigeria's economy

crixtex:
huh..

what about the recovered funds?
What about money from TSA
What about the revenue from the removal of subsidy of PMS
What about the Nigerian-China deal? ?

baresywood:
*Why most States can't pay salaries of workers and the many ills of our economy.* THIS IS AN ASSESSMENT ON AN INSTITUTION WITH ALL POLITICAL PARTIES. *NOT A DISCUSSION ON ANY POLITICAL PARTY.*

21 senators currently receive pensions from government as ex-governors and deputy governors.

The current senators who once served as governors are *Bukola Saraki* of Kwara, *Rabiu Musa Kwankwaso* of Kano, *Kabiru Gaya* of Kano, *Godswill Akpabio* of Akwa Ibom, *Theodore Orji* of Abia, *Abdullahi Adamu* of Nasarawa, *Sam Egwu* of Ebonyi, *Shaaba Lafiagi* of Kwara, *Joshua Dariye* of Plateau *Jonah Jang* of Plateau, *Aliyu Magatakarda Wamakko* of Sokoto, *Ahmed Sani Yarima* of Zamfara, *Danjuma Goje* of Gombe, *Bukar Abba Ibrahim* of Yobe, *Adamu Aliero* of Kebbi, *George Akume* of Benue and *Isiaka Adeleke* of Osun.

*The former deputy governors in the Senate*
are *Ms Biodun Olujimi* of Ekiti and *Enyinaya Harcourt Abaribe* of Abia. *Danladi Abubakar Sani* served as the acting governor of Taraba state.

Many *former governors* are also in Buhari's Cabinet as Ministers. This includes: *Ngige, Fayemi, Amaechi and Fashola (SAN)*

In Akwa Ibom State, the law provides that ex governors and deputy governors receive pension equivalent to the salaries of the incumbent. The package also includes a new official car and a utility vehicle every four years; one personal aide; a cook, chauffeurs and security guards for the governor at a sum not exceeding N5 million per month and N2.5 million for his deputy governor.

In Rivers, the law provides 100 percent of annual basic salaries for the ex-governor and deputy, one residential house for the former governor “anywhere of his choice in Nigeria”; one residential house anywhere in Rivers for the deputy, three cars for the ex-governor every four years and two cars for the deputy every four years.

It is alledged that in Lagos, a former governor will get two houses, one in Lagos and another in Abuja, estimated at N500 million in Lagos and N700 million in Abuja. He also receives six new cars to be replaced every three years; a furniture allowance of 300 percent of annual salary to be paid every two years, and a N30 million pension annually for life.

This is the reality for all the 21 ex govenors and deputy governors who are currently serving as senators. This same is also true of ex governors who are now serving as Ministers.

NOW I ASK:
How many years did these guys serve their states as governors and deputy governors? Is it more than 8years? Is that a reason to be entitled to these *bogus and mind bugling* pensions for life? Even if they are entitled to pension for life, must it be so outrageous? Do they have two heads? A man puts in 35years of his life in service, he ends up with a fraction of his earnings as pension. Some politician does 8years and for life he doesn't have to work again.

As if that is not enough: HOW on earth can any public servant with conscience collect salaries and allowances as a senator or minister, and still have the audacity to claim pensions equivalent to the salaries of a serving governor in Nigeria?

IT ISN'T ROCKET SCIENCE......

Once you are elected a senator or appointed a minister, *you must forfeit any pension accruing to you from government at any level until you vacate office.* This should also apply to senators collecting military pensions like former Senate President *David Mark.*
Yet these senators are in the Senate that is inviting the current finance minister to discuss the recession of Nigeria's economy. *A senator pockets approximately 30 million naira monthly as salary and allowances.* Our so called *"honourables"* are *NOT* interested in making laws that could restructure our country into economically autonomous federating States/Regions to save the country from sectional agitations that is threatening to destroy Nigeria. Why should they? They are feeding fat the way things are now. The sad and hopeless situation is that the rest of Nigerians are busy arguing based on party, and ethnic affiliations while these enemies of state continue to rape us.

Do you know that it costs tax payers *290m Naira yearly to maintain each member of our National Assembly* in a country where nothing works & 80% of the population earn below 300 Naira a day? A *working day earning* of a senator is MORE than a yearly income of a doctor; it's more than the salary of 42 Army generals or 48 professors or 70 commissioners of police or more than twice the pay of the US president or 9times the salary of US congressmen.

Please say NO to this looting of Nigeria in the name of democracy by sending this text to at least 5 others.

*I believe this country must have a referendum on salaries of all our law makers.* This must happen very quickly

MXrep:
a whole minister of finance said all this, everything she said sound so ordinary and similar to a common nairaland zombie