₦airaland Forum

Truly I love APC and I also like PDP but I'm so confuse to distinguish both parties because of similarities in way and manners of running administration of both parties cause me to arrive at a conclusion that politicians can't be rely on while political actors will continue to be going and coming because politic affect all things and we must be represented, may Allah give Nigeria the God fearing leaders in 2019.

Ok. Are you the next President? Do we choose you

greyham:
Atiku you say? Your problem is the inability to utilize your long term memory, unless you're still a child then I will pardon you.

This is the same "Messiah mistake" people made with Buhari barely 4 years ago, now this.

With his track record of human rights abuse and economic under performance you Nigerians still allowed him become President, only to act surprised that the economy took a nosedive.

The curse is too strong

Read your lesson again and tell me Nigeria did not just do a very bad thing in 2015, but has positioned her a.hole for another round next year.

Rubbish

Selling off assets to fund 2018 budget will amount to gross irresponsibility. This govt. have spent 3yrs overseeing 3budgets without any tangible asset to show for it yet they are talking about selling the few ones built by the previous govt. This simply means for 3yrs they have failed to build a productive economy. My question to this govt is what happened to the increased revenue from the Nigeria custom service, the FIRS and other revenue generating agencies that they have so much brag about have improved under their watch? How about the recovered loot from politicians and the Abacha loot repatriated from foreign account. This govt. should be responsible than this.

engineerboat:
FG can’t fund budget 2018 unless assets are sold, says Ministers


• Selling Of Assets Will Mitigate Loans Burden
• No, Its Assets-Stripping – Enwegbara
Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.This clarification was given by the Minister of Finance, Mrs. Zainab Ahmed, and her counterpart in the Budget and National Planning Ministry, Senator Udoma Udo Udoma, who also argued that borrowings and the assets sale not only constituted strategic actions to funding the 2018 budget, but were in the overall interest of the country.

In the sale of the 10 ailing key national assets, two of which must be sold this month (Nicon Insurance Limited and Skyway Aviation Handling Co), the government is expected to earn the sum of $797m, that is N289b. A Director at the Bureau of Public Enterprises (BPE), Joe Anichebe, who revealed government’s plan to sell the outfits, informed that the privatisation agency had pledged to raise N306b to help finance the planned spending.

Apart from the Ajaokuta Steel Complex, which the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele equally identified as one of the assets penciled for disposal, other firms that are up for sale are in the power, aviation and insurance sectors.Earlier in July this year, the Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, also informed that some entities had been prepared for privatisation or for commercialisation.

He listed them as Afam Power Plant; concessioning of Terminal “B,” Warri Old Port; restructuring and recapitalisation of the Bank of Agriculture (BOA); partial commercialisation of the Nigerian Postal Services (NIPOST); and the restructuring/ commercialisation of six River Basin Development Authorities (RBDAs); partial commercialisation of three selected national parks and re-privatisation of Yola Disco etc.

In the 2018 Appropriation Act, the sum of N350b is expected from privatisation proceeds, and the BPE boss, Okoh had advised the Federal Government to reduce the propensity of loans accretion because of their high cost of service, and instead dispose of some obsolete assets to raise money for the funding of the yearly budgets.

The capital component for which vital assets are being sold to part finance, in addition to funds from borrowings in the local and international markets is N3. 133t, out of the N 9.12t the 2018 fiscal plan, which implementation began mid – June this year.Under the plan, nearly N2t is to be raised from borrowings from both the domestic and international markets to fund infrastructure captured in the spending plan for the year.

The Guardian recently learnt that the sum of N643b has so far been raised from the domestic market by the Debt Management Office (DMO) this year, and handed over to the Federal Government for that purpose. Speaking recently while on a familiarisation tour of revenue generating agencies, as well as, at the just concluded International Monetary Fund ( IMF)/World Bank Annual Meetings in Indonesia, Bali, Indonesia, Ahmed defended the approach adding that more funds outside government’s revenue was needed to make things happen because revenue has become inadequate.

Corroborating Ahmed, Udoma said: “The draft 2019-2021 Medium Term Fiscal Framework shows that Nigeria faces significant medium-term fiscal challenges, especially with respect to revenue generation. Thus, key reforms will be implemented with increased vigour to improve revenue collection and expenditure management. Achieving fiscal sustainability and macro-fiscal objectives of government will require bold, decisive and urgent action.”

One of those in support of the planned sale of government assets is a macro-economic policy analyst, Prof. Ken Ife, who equally sees the decision as sound and well-articulated policy under the government’s privatisation plan.

According to Ife: “The decision to privatise Ajaokuta Steel Complex is a wise decision because that complex remains one of the white elephant projects that we have in Nigeria. We need to look for a competent investor with a large war chest who can inject the needed funds to revatilise that complex so that it can play its role in the country, by providing the necessary steel derivatives for rail, auto, manufacturing, building and construction industries and the production of steel pipelines for the transportation of petroleum products thousands of kilometres away.

The advantage is enormous. You can’t beat it. All we ask is that government must this time around be cautious and careful in the selection to avoid a repeat of the situation that we are experiencing in the power privatisation programme, where DISCOsdiscos operators are still heavily dependent on government to supply them money, and are refusing to metre customers, preferring estimated bills, where they collect monies from customers indiscriminately.”

As far as development economist and public analyst, Mr. Odilim Enwegbara is concerned, what the government intends to do amounts to asset-stripping on the eve of the country’s general election, insisting that the government can still borrow more money both locally and internationally.

His words: “This administration cannot embark on a sale of a key strategic asset like Ajaokuta Complex when it has less than a year to end its tenure. It should wait until after election to do so, that is if it wins again. Besides, the executive lacks the power to sell such a critical national asset without the approval of the legislature, which I am aware, is making efforts to revitalise that complex.

“Again, another concern is that if the complex is sold under any name, it will be given away after government’s over $30b investment there. Let the government look for funds elsewhere to fund the budget because it cannot sell key national assets to fund one fiscal budget. What happened to the recovered loot that they got?”
.


https://www.guardian.ng/news/fg-cant-fund-budget-2018-unless-assets-are-sold-says-ministers/amp

Why won't the country be broke when the leaders are busy amassing wealth for their generations yet unborn and their children becoming top directors at NNPC,NPA,FIRS,etc and earning 5million naira per annum,all under "Mr. Integrity". Tomorrow my people Ald still vote them back in the zombified manner. E mura si.

cut emoluments to our senotors by 50 percent, reduce cost of governance by 50 percent, selling cash generating assets to private investors is theft of the highest order, may nigeria not be like greece or chile.

I think this government has seen the writing on the wall that this regime WILL NOT see beyond 2019. So they now resorted to selling (buying) government assets to at least have something for themselves in case they lost election, all in the pretext of financing the 2018 budget.

This nonsense called Nigeria should be sold and my own share given to me .If Buhari was to be a son to his supporters they would have disowned him long time ago for useless to the family what a prodigal son.

engineerboat:
Just look at this Prodigal son's on Government

salbis:
Hardest truth, you can't give what you don't have. The complexity of this country is far beyond the intelligence of Buhari and his fellow-travelers. Nigeria must be Atikulated insha Allah.

Richdad50:
One of the easiest ways to know a financially drowning man is that he sells and sells everything he has.
I remember a young boy back in the university who always and certainly will sell his appliances days b4 exams. Why? School fees.
Buhari and APC has plunged this nation into a mess. It will take an economical stute Man to relieve us from this catastrophy.
Atiku might just be the man long prophesized.

Lesson: To enter One chance is not a bad thing but to enter another One chance in the same car and color is a very bad thing

^^^Lol

It is clear that this cohort did not get the memo.
Did no one bother to tell you Atikulooter is planning to sell off our refineries?

You really want to compare the sale of NICON to the nation's cash cows?
Don't get me started this afternoon.

2019: Your plans to sale Nigeria’s refineries callous, anti-people, BMO tells Atiku

“Our position is that any private entity that desires to own and operate companies in the oil and gas sector, especially in the refinery subsector, should go ahead and secure license and establish their own refineries.

Businessman, Alhaji Aliko Dangote has shown example in this regard with his 650 thousand barrels a day refinery in Lekki, Lagos State.

“It is appropriate to question, at this point, the going status of the many public corporations sold off at highly undervalued rates to cronies and fronts of high government officials between 2002 and 2007 when Alhaji Atiku was the nation’s Vice President. Status reports on the various operations of these corporations indicate vastly diminished operations and viability.

“Thankfully, we are already experiencing a revival in the oil and gas sector under the disciplined superintendent of the President Muhammadu Buhari’s administration. The refineries are recording increased refining capacity while gas supplies to electricity generating companies have increased by more than 100 percent over the last 12 months.”

Read more at: https://www.vanguardngr.com/2018/05/990608/

[Wikileaks] “Atiku Manipulated $40m NITEL Contract to Ericsson” – El Rufai
In the recently released SECRET diplomatic documents by Wikileaks, Nasiru El Rufai opened up on how the then vice president manipulated a NITEL GSM Equipment Contract valued at $40million to suit him and his partners. He also detailed the sharp practices engaged by Atiku and his boys in office. He pointed to the then President as being aware of the dirty practices by Atiku.

Nasiru El Rufai, frustrated by Atiku’s antics, offered to resign. But the then President refused to accept his resignation.

Read more:[url] http://247ureports.com/2011/09/wikileaks-atiku-manipulated-40m-nitel-contract-to-ericsson-el-rufai/[/url]

Say no to #AtikulooterCONtinua

Benekruku:
The president and his economic team are quite aware and trying all best to steer Nigeria on course

The damage PDP has done to Nigeria cant be cured at a go!

This people have looted the future of Nigeria and to get out the mess, Nigerians must be willing to sacrifice. The end of this leadership will go into history as the best as we would be on a Auto pilot was we can fall once again on track which we getting close too

And some lots planning to return to a party that ruined. Campaigning for Atiku who made no iota of change for 8years as the vice president

If Nigeria must move away from Buhari, Atiku is a reverse to where we coming from

We must learn to forge ahead. Their pain is inability to have unlimited access to the treasury. Thats the subject matter of the hate

Why should we dwell in blaming PDP, besides we queued up under sun and voted them out in 2015, we have done our part but it seems APC can't do theirs.

For your information the Obasanjo/Atiku Regime Revolutionized the Telecoms Industry, Naija foreign debts were well managed, EFCC and ICPC were esterblished, gave Federal Civil Servants the opportunity to own houses, Militants like asari dokubo were imprisoned etc

Yet some people will still sing buhari praise. I tot the guy wanted to perform magic.
They want to sell our nations asset to themselves,
Buhari.
His aides
Fulani
Hell Rufai
Including
Festus otologie, ops sorry keyamo

babakb:
Why should we dwell in blaming PDP, besides we queued up under sun and voted them out in 2015, we have done our part but it seems APC can't do theirs.

For your information the Obasanjo/Atiku Regime Revolutionized the Telecoms Industry, Naija foreign debts were well managed, EFCC and ICPC were esterblished, gave Federal Civil Servants the opportunity to own houses, Militants like asari dokubo were imprisoned etc

Where did you get all this sentences

Asari and Ateke invited to Abuja to come get his own cake and you call it imprisonment

Which Federal Housing estate are you talking about that Federal cicil servants bought into?

Hello, GSM was already in pipeline before PDP took power. Investors had been on ground. And its a private sector investment. Had nothing to do with PDP

Benekruku:


Where did you get all this sentences

Asari and Ateke invited to Abuja to come get his own cake and you call it imprisonment

Which Federal Housing estate are you talking about that Federal cicil servants bought into?

Hello, GSM was already in pipeline before PDP took power. Investors had been on ground. And its a private sector investment. Had nothing to do with PDP

Obasanjo revolutionised the telecoms sector?
That's one of the urban legends folks like him have been fed as a staple diet.
Is there any nation on earth that does not have mobile telephony? The purported brainchild of Obasanjo/Atiku. I no fit laff.

tuoyoojo:
privatisation is the way to go

but the question on my mind is can Apc be trusted

how are we not sure they would steal the money recovered
after privatising these assets

by the way, what happened to all the monies that Apc claimed they recovered

the abacha look, monies from ghost workers,the efcc refunds and all the trillions the government has been bragging that they recovered

abi e don enter ganduje babariga too

Lol

NA BY FORCE YOU MUST PRESENT 9TRILLION BUDGET??

NIGERIA GOING!.... GOING..........

I JUST HOPE THE BRAIN-DEAD NOMAD WON'T FINALLY AUCTION NAIJA TO TOGO!

BUHARI IS A COLOSSAL FIASCO.

oluwaseyi000:


So how do we fund 2019 and 2020 budget, after selling assets to fund 2018. We are not selling assets because we want private company to manage them probably but we want to use the money to eat. Just sell this country and give everyone his share

That's the question.

Then reduce the budget.

Every government leaving wants to sell Nigerian assets to themselves.

NEPA. AJAOKUTA. BANDWIDTHS.

Not happening again. Our mumu don do

Ahmeduana:
NA BY FORCE YOU MUST PRESENT 9TRILLION BUDGET??

^^^Enemy of progress.

Some perspective provided here...

“In 2010 our debt was $35 billion, $41 billion in 2011, $48 billion in 2012, $64 billion in 2013, $67.7 billion in 2014, $63.8 billion in 2015, $57.8 billion in 2016, $70 billion in 2017 and $73 billion in 2018.

“The nation’s debt as at today was $73 bilłion, an increment of $10 billion from the $63 billion inherited in 2015,” he said.

Mr Osinbajo revealed that from oil, the nation earned $119.8 billion from 1990 to 1998, $481 billion from 1999 to 2009 and $381 billion from 2010 to 2014, while present administration has only earned $112 billion from June 2015.

“The earnings from oil from 2010 to 2014 were the highest recorded in the history of the country. This is a period when the price of oil per barrel sold from $100 to $114.

Source: https://www.premiumtimesng.com/news/top-news/292875-nigerias-debt-only-increased-10-billion-since-buhari-assumed-office-osinbajo.html

Say no to #AtikulooterCONtinua
#AnyoneButAtiku

engineerboat:
FG can’t fund budget 2018 unless assets are sold, says Ministers


• Selling Of Assets Will Mitigate Loans Burden
• No, Its Assets-Stripping – Enwegbara
Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.This clarification was given by the Minister of Finance, Mrs. Zainab Ahmed, and her counterpart in the Budget and National Planning Ministry, Senator Udoma Udo Udoma, who also argued that borrowings and the assets sale not only constituted strategic actions to funding the 2018 budget, but were in the overall interest of the country.

In the sale of the 10 ailing key national assets, two of which must be sold this month (Nicon Insurance Limited and Skyway Aviation Handling Co), the government is expected to earn the sum of $797m, that is N289b. A Director at the Bureau of Public Enterprises (BPE), Joe Anichebe, who revealed government’s plan to sell the outfits, informed that the privatisation agency had pledged to raise N306b to help finance the planned spending.

Apart from the Ajaokuta Steel Complex, which the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele equally identified as one of the assets penciled for disposal, other firms that are up for sale are in the power, aviation and insurance sectors.Earlier in July this year, the Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, also informed that some entities had been prepared for privatisation or for commercialisation.

He listed them as Afam Power Plant; concessioning of Terminal “B,” Warri Old Port; restructuring and recapitalisation of the Bank of Agriculture (BOA); partial commercialisation of the Nigerian Postal Services (NIPOST); and the restructuring/ commercialisation of six River Basin Development Authorities (RBDAs); partial commercialisation of three selected national parks and re-privatisation of Yola Disco etc.

In the 2018 Appropriation Act, the sum of N350b is expected from privatisation proceeds, and the BPE boss, Okoh had advised the Federal Government to reduce the propensity of loans accretion because of their high cost of service, and instead dispose of some obsolete assets to raise money for the funding of the yearly budgets.

The capital component for which vital assets are being sold to part finance, in addition to funds from borrowings in the local and international markets is N3. 133t, out of the N 9.12t the 2018 fiscal plan, which implementation began mid – June this year.Under the plan, nearly N2t is to be raised from borrowings from both the domestic and international markets to fund infrastructure captured in the spending plan for the year.

The Guardian recently learnt that the sum of N643b has so far been raised from the domestic market by the Debt Management Office (DMO) this year, and handed over to the Federal Government for that purpose. Speaking recently while on a familiarisation tour of revenue generating agencies, as well as, at the just concluded International Monetary Fund ( IMF)/World Bank Annual Meetings in Indonesia, Bali, Indonesia, Ahmed defended the approach adding that more funds outside government’s revenue was needed to make things happen because revenue has become inadequate.

Corroborating Ahmed, Udoma said: “The draft 2019-2021 Medium Term Fiscal Framework shows that Nigeria faces significant medium-term fiscal challenges, especially with respect to revenue generation. Thus, key reforms will be implemented with increased vigour to improve revenue collection and expenditure management. Achieving fiscal sustainability and macro-fiscal objectives of government will require bold, decisive and urgent action.”

One of those in support of the planned sale of government assets is a macro-economic policy analyst, Prof. Ken Ife, who equally sees the decision as sound and well-articulated policy under the government’s privatisation plan.

According to Ife: “The decision to privatise Ajaokuta Steel Complex is a wise decision because that complex remains one of the white elephant projects that we have in Nigeria. We need to look for a competent investor with a large war chest who can inject the needed funds to revatilise that complex so that it can play its role in the country, by providing the necessary steel derivatives for rail, auto, manufacturing, building and construction industries and the production of steel pipelines for the transportation of petroleum products thousands of kilometres away.

The advantage is enormous. You can’t beat it. All we ask is that government must this time around be cautious and careful in the selection to avoid a repeat of the situation that we are experiencing in the power privatisation programme, where DISCOsdiscos operators are still heavily dependent on government to supply them money, and are refusing to metre customers, preferring estimated bills, where they collect monies from customers indiscriminately.”

As far as development economist and public analyst, Mr. Odilim Enwegbara is concerned, what the government intends to do amounts to asset-stripping on the eve of the country’s general election, insisting that the government can still borrow more money both locally and internationally.

His words: “This administration cannot embark on a sale of a key strategic asset like Ajaokuta Complex when it has less than a year to end its tenure. It should wait until after election to do so, that is if it wins again. Besides, the executive lacks the power to sell such a critical national asset without the approval of the legislature, which I am aware, is making efforts to revitalise that complex.

“Again, another concern is that if the complex is sold under any name, it will be given away after government’s over $30b investment there. Let the government look for funds elsewhere to fund the budget because it cannot sell key national assets to fund one fiscal budget. What happened to the recovered loot that they got?”
.


https://www.guardian.ng/news/fg-cant-fund-budget-2018-unless-assets-are-sold-says-ministers/amp

PDP never sold national assets to finance budgets, Budget is simply a plan for future expenditure in line with your expected revenue / income , if you sell ajeokuta steel company to finance 2018 budget maybe Buhari will sell Aso Rock to finance 2019 budget. Nigeria is going south.

No problem.

APC greatest asset is President Buhari.

am not suprised. so after selling national assets to fund next yr budget, what about the coming yrs, after 2019? for how long 'll you continue to sell national assets to fund our budgets? what happens to the recovered looted funds? what were the borrowed trillions under this apc govt spent on? what's the benefit of the tsa programme, if govt can not still coveniently fund our yearly budgets? all these points to the fact that this govt is even more corrupt than the previous ones. how are we sure that the money from the sales of national assets 'll not be looted? and the national budget still not funded.

Make we kuku sell the country then

Because Dangote is ready to buy. This government is mean

if u say d president is clueless and others re asking for his waec results.....

We need to reduce the cost of govenance in this country. Our senators and house of reps members are over paid.

Let’s not forget that during the pdp era more that 60% of the budget was spent on recurrent expenditure — salaries and wages


This has changed and the amount spent on capital expenditure has increased.

Felixv:
We need to reduce the cost of govenance in this country. Our senators and house of reps members are over paid.

Let’s not forget that during the pdp era more that 60% of the budget was spent on recurrent expenditure — salaries and wages


This has changed and the amount spent on capital expenditure has increased.

which capital expenditure? Are you in this country?

Our leaders are for sale.
Biko come and buy them.

directonpc:
Can we sell our leaders?

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Nobody would like to buy anything as worthless and without value as the dullard.

Benekruku:
The president and his economic team are quite aware and trying all best to steer Nigeria on course

The damage PDP has done to Nigeria cant be cured at a go!

This people have looted the future of Nigeria and to get out the mess, Nigerians must be willing to sacrifice. The end of this leadership will go into history as the best as we would be on a Auto pilot was we can fall once again on track which we getting close too

And some lots planning to return to a party that ruined. Campaigning for Atiku who made no iota of change for 8years as the vice president

If Nigeria must move away from Buhari, Atiku is a reverse to where we coming from

We must learn to forge ahead. Their pain is inability to have unlimited access to the treasury. Thats the subject matter of the hate

r u part of npower?

Richdad50:
One of the easiest ways to know a financially drowning man is that he sells and sells everything he has.
I remember a young boy back in the university who always and certainly will sell his appliances days b4 exams. Why? School fees.
Buhari and APC has plunged this nation into a mess. It will take an economical stute Man to relieve us from this catastrophy.
Atiku might just be the man long prophesized.

Lesson: To enter One chance is not a bad thing but to enter another One chance in the same car and color is a very bad thing

exactly!
Atiku is Another One chance!
he sole N300 billion meant for reviving power sector back in 2003 or so.
he embezzled the PTdF under his care as Vp then.

Lets not even talk about Onne and what he did in customs!

how is he a better option now?

#iStandWithBuhari
#BUhariTill2023

Use yourselves buhari & osinbajo

#you are standing with failure

RealityShot:
exactly!
Atiku is Another One chance!
he sole N300 billion meant for reviving power sector back in 2003 or so.
he embezzled the PTdF under his care as Vp then.

Lets not even talk about Onne and what he did in customs!

how is he a better option now?

#iStandWithBuhari
#BUhariTill2023