@hustla242 I understand your fears about true federalism and fiscal discipline.However when States are made to harness their natural resources e.g mineral resources and pay appropriate taxes to Federal Government,It would encourage the FG to impose very good accounting and audit procedures on the different states in order for the FG to get a fair share of their taxes.ie to say the FG would take more interest in how states derive and make use of their revenue.

The only solution to this lop-sided expenditure is a return to true federalism.Let the states control whatever resources is in their domain and let the federal government impose appropriate taxes on income from such resources to be used for his own upkeep.Let states handle their own local secuity with overall security responsibility going to the Federal Government (FB1/NYPD model).

Let state control ports,mines and oil well in their area and remit appropriate taxes to the Federal Government.

Not all State Government needs several Ministries and Agency.

This would encourage states to devleop their capacity in agriculture,mineral resources and free the federal government to guarantee security and steer own foreign policy.

The staffs of these humoguous ministries and agencies should be drafted to their respective state in the interim.

http://techloy.com/channel/news/

In what appears to be the biggest attack on any Nigerian government web property ever, a hacker group named NaijaCyberHacktivists have hacked the website of the country’s Central Bank.

This recent attack follows the hacking of the Nigeria Labour Congress (NLC) and the Nigeria Police Force (NPF) websites earlier today.

In a twitter update, the hacker group vowed that there will be more devastating attacks on the Nigerian government’s structures until the oppression of the looting class stops.

The attack occurred at 2:28pm (GMT +1) on Friday.

In a conference hall full of idealistic presidents, Goodluck Jonathan would be inconceivable. Such a gathering of supersonic minds would be completely out of character. With Jonathan tip-toeing into the fray and pretending to be "one of a kind" with the rest, you get the picture of a bicycle tyre with a defective spoke. That spoke is who else? You answer that. Imagine a line-up of world leaders, such as, among a tsunami of them, Barack Obama, Angela Merkel, Nicola Sarkozy and David Cameron, all boiling with, and oozing, ideas that define the world "capitalism;" then shuffle in a dim-witted, cowboy-hat-wearing (and, don't forget, proud-of-it) Bayelsa native. But how does that pan out? Easy as can be: odd.

The oddity of Goodluck Jonathan's - or, for that matter, any Nigerian president's - participation in the Davos confabulation is as self-evident as the inconsistency of a mouse co-habiting with super cats. Mice’s tiny feet and little squeaks would be obliterated in the fine mix of deafening roars, scissor-claws and razor-fangs. That is because the Nigerian “economic system” – as though we could actually call it that – is practically inconsistent with civilization. It has barbarism written all over it.

Capitalism is the triumph of market forces, by which demand and supply compete to out-do each other in the ideal of creating and sustaining society’s continuous happiness. Essentially, market forces are the primary allocator of wealth and, consequently, happiness. Although that is largely imagined – society’s continuous happiness, that is – capitalism in the West, never mind its on-going crisis of confidence, has proved, at least, tolerable to local populations. Most of Western society has successfully “humanized” capitalist economics with deliberate injections of socialist principles, which place human happiness on a pedestal. It is called “welfarism,” which, in places such as the United Kingdom, is flourishing.

In Nigeria, supposedly a capitalist enclave, capitalism retains its monstrous identity. That is because the capitalist class conspires effectively with the political class to sustain a barbarous regime of ferocious strangulation of society. There is no ideological thought whatsoever. Instead, political leaders do what they please, and big business cues into that to whet its exploitative appetite. Despite a bowel cascading with oil, Nigeria remains in economic sclerosis because politicians have no fig of an idea about capitalist economic management. The massive industrialization and imaginative temperament that capitalism needs to thrive remain barricaded behind a wide wall of political buffoonery.

So, what is Jonathan going to contribute in Davos? First of all, the pre-question that pops up in your head, stubbornly and repeatedly, is: does Jonathan have the mental bark and the philosophical bite that all the others can deploy with sub-atomic proficiency? Can he square up to Angela Merkel in analysing prevailing economic trends, for example? Compared to Merkel, Jonathan is an intellectual roundabout. You decipher that. Because he can’t spell “capitalism” accurately, let alone understand it, he has no idea what it means. So, how is he going to contribute to the topic, “Is 20th Century Capitalism Failing 21st Century Society?” Again, that is hard to see. However, expect him to do his usual rigmarole of delusions: he is, of course, going to recruit his over-flowing portmanteau of uncooked speech writers to fill our brains with pain.

In the economics of politics, ideas beget ideas. But with the defining ideas about capitalism emanating from places where Jonathan fears to tread idealistically, there is a problem. The problem – which, in Jonathan’s extravagant mind, is a solution – is that he will be making excuses for the on-going failure of his “decidedly transformative” gibberish. In speech after speech, Jonathan has blamed everyone but himself for the tragic futility of his “transformation agenda,” a feverish fluke produced by a fictitious and artificial mind. He pinches everything from the Nigerian people to “prevailing negative trends in world economics;” yet he refuses to pinch himself, who is drained of both foresight and intellect, which should have told him that massive, calculated industrialization – garnished with a welfare system – is preferred to long, winding and empty speeches. He is certainly going to Davos to justify his fuel subsidy nonsense to a gathering that, while openly applauding him, would privately explode into little guttural guffaws of amusement. So, welcome to Davos, President “Gridlock” Jonathan by Darlington Ehondor

Ghana has a proud tradition of investigative reporting. Its latest practitioner is Anas Aremeyaw Anas, who specialises in going undercover. He's exposed corruption in cocoa smuggling, the running of mental homes and orphanages,illegal Mining activities,corrupt port activities and most recently fraud in Ghana's Electricity Sector.

http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=173653

We need a serious expose' of fraudulent activities in several sectors of our National lives from the Oil Sector to Nigeria's rotten educational system.

A CONSULTING FIRM IN IKOYI URGENTLY NEED YOUNG NYSC CORPERS WITH STRONG NUMERATE AND RELATIONSHIP SKILL FOR IMMEDIATE APPOINTMENT.

PROSPECTIVE EMPLOYEES MUST BE A GRADUATE OF ANY NIGERIAN/FOREIGN UNIVERSITIES AND HAVE A MINIMUN OF SECOND CLASS LOWER.

KINDLY FORWARD YOUR CURRICULUM VITAE TO teaselconsulting@yahoo.com ON OR BEFORE 29TH FEBRUARY 2012.

Champion Newspaper

You Have Been Hacked By Hacker BoUnCER!!!
04 January 2012
This Is an Online Protest Made By HackerBoUnCeR And The Entire Cyber terrorists Crew , Bleep Good Luck EBELE Jhonathan I Hacker BoUnCER WOuld Continue Hacking ALl Nigerian SItes Till The Shitty Fuel Subsidy SHit COmes DOw

The question I would ask the economist is how much does the American and European Government spend on Social Securities for his people.

The problem with Nigeria's fuel subsidy is management and the pervasive corruption in our system.

There is no form of social security for the youths and neither the aged in our society.

How much did Companies such as KBR make from the War America engaged in.Please we have a total failure of leadership.Countless country all over the world subsidize their fuel price.If Brazil,China has listened to IMF and World Bank they would not be growing at their present rates.

Please compare the new PPPRA template with the Old one if it does not smack of a huge fraud.What it means now is the Government would no longer subsidize th Marketers but the people


PPPRA PRODUCT PRICING TEMPLATE PMS
Based on Average Platts' Prices for the month of December, 2011
Average Exchange Rate of the NGN =N= to US$ for the Month of December, 2011

PMS
$/MT Naira/Litre

1 Cost Element;
2 C + F 951.68 113.38
3 Trader's Margin 10.00 1.19
4 Lightering Expenses (SVH) 33.17 3.95
5 NPA 5.25 0.63
6 Financing (SVH) 21.52 2.56
7 Jetty Depot Thru' Put Charge 6.72 0.80
8 Storage Charge 25.18 3.00
9 Bridging Fund 49.10 5.85
10 Marine Transport Average (MTA) 1.26 0.15
11 Admin Charge 1.26 0.15
12 Maximum Indicative Benchmark Depot Price 1,105.14 131.66
13
14 Distribution Margins:
15 Retailers 38.61 4.60
16 Transporters (NTA) 25.10 2.99
17 Dealers 14.69 1.75
18 Subtotal Margins 78.40 9.34

19 Taxes
20 Highway Maintenance -
21 Government Tax -
22 Import Tax -
23 Fuel Tax -
24 Subtotal Taxes

25 Maximum Indicative Benchmark Open Market Price 1,183.54 141.00


OLD PPPRA PRODUCT PRICING TEMPLATE PMS
Based on Average Platts' Prices for the month of November,2009
Average Exchange Rate of the NGN =N= to US$ for the Month of November, 2009

PMS
$/MT Naira/Litre
1 C + F 735.85 83.80
2 Lightering Expenses (SVH) 33.49 3.81
3 NPA 10.50 1.20
4 Financing (SVH) 17.07 1.94
5 Jetty Depot Thru' Put Charge 7.02 0.80
6 Storage Charge 26.34 3.00
7 Landing Cost 830.29 94.55

Distribution Margins
8 Retailers 40.39 4.60
9 Transporters 24.15 2.75
10 Dealers 15.37 1.75
11 Bridging Fund + MTA 34.69 3.95
12 Admin Charge 1.32 0.15
13 Total 115.91 13.20

14 Total Cost 946.20 107.75
15 **Ex-Depot 490.87 55.90
16 Under/Over Recovery (42.75)
17 Taxes
Highway Maintenance -
Government Tax -
Import Tax -
Fuel Tax -


18 Retail Price 570.78 65.00

Based on the 2011 and 2012 budget proposals breakdown (www.budgetoffice.gov.ng) by Mr Goodluck Ebele Jonathan. The administration has or would spend the following:

a. Presidency-State House-HQTRS

Total taxpayers money used to support the President and his office is N18 344 524 169(Over 18 billion) in 2012.Which include such expenses as:

1. Purchase of buses for N161,270,120 (almost 170 million naira) which was also provided for in
the 2011 budget to the tune of N323 055 556 (over 323 million naira).The question I have for the presidency is whether they are running a transportation company and whether all the buses they bought in 2011 have suddenly broke down when they budgeted over N382 Million for vehicle maintenance in 2012 and N480 million in 2011

2. Purchase of Scanners for 2011 budget is N224Million naira including a library scanner and public address system and Purchase of scanners for 2012 budget is over N150million for a public address system. The question I have for the presidency is why there are so many duplication.

All these outrageous expenses are repeated throughout the 2012 budget proposal by Jonathan(from the Presidency to the Federal Civil Service Commission)

Please my people are these cost below reasonable.(this was lifted directly from the 2012 budget)

PURCHASE OF UTILITY & OPERATIONAL VEHICLES FOR THE OFFICE OF THE VICE PRESIDENT: 3 UTILITY JEEPS @ N17,050,000 EACH = N51,150,000; II). 3 CONVOY SALOON CARS @ N6,328,625 EACH = 18,985,875; III). 10 POOL SALOON CARS @ N5,445,000 EACH = N54,450,000; IV). 3 HIACE BUSSES @ N5,445,000 EACH = N16,335,000; IV). 1 TRANSIT COASTER BUS (18 SEATER) @ N12,650,000 AND 1 CREW HIACE BUSE WITH (10-12 SEATERS) @ N5,445,000,

We cannot tightened our belts when he cannot do same.Jonathan Cut this outrageous expenditures and use the savings to fix our power and transport infrastructures.the sudsidy removal would further worsen the already tense security situation in the country.

Unfortunately,we have to be fair to this country Nigeria even if we are not fair to the people that make up the country.if Obasanjo flogged us with the cane of decisiveness,Jonathan would end up flogging us with Fangs of revolutions and confusion.

Okonjo Iweala why not also advise the american government to remove their subsidies to american farmers so that Nigerian and other poor African farm produce can be competitive in the international market.I would never forgive Jonathan for this mess.

For a petroleum product like diesel that is fully deregulated.NNPC officials and their cohorts are still siphoning money from our National treasury by this callous practise.How does Jonathan intend to manage the price variables(between locally refined and imported) when he fully deregulates kerosene and PMS supply.GEJ please sit up and do proper analysis before jumping into deregulation.

Fraudulent Diesel Pricing leaves Marketers with N32bn in 2010

Thursday, 01 December 2011 00:00 BY OUR REPORTERS


FG seen encouraging racketeering in diesel trade

Senators probing the management of the controversial petroleum subsidy regime are seeking explanation for the huge arbitrage between the price our refineries sell the diesel they refine locally to marketers and the price which Nigerians have to pay for the product.

The diesel is today retailed at the pump of N155 a litre, but the politically connected marketers are able to obtain supply from (predominantly) the Warri refinery, for about N126 a litre (and was far below this rate six weeks ago when the refinery or depot price was moved to N126 a litre).

At these rates, a marketer which is allocated a vessel of 5,000 metric tonnes of diesel, can make a margin of N168.7 million per vessel, given that one metric tonne is the equivalent of 1,164 litres.

According to the annual oil and gas data provided by the NNPC, a total of 945,295 metric tonnes of diesel or AGO was refined locally last year, 558,647 metric tonnes in 2009, 1,165,961 in 2008 and 622,714 in 2007, when the price of diesel was deregulated.

On an annual basis, the margin made by the elite club of those who get allocation from the refineries, in 2010 alone, was in excess of N31.937 billion or $205 million.

Today’s landing price for diesel is around N136 a litre, but Nigerians, when they go to the petrol station never get the advantage when they purchase locally refined diesel, mainly because of the subsidy bonanza which ensures that marketers do not compete for customers, because prices are ipso facto fixed.

To get an allocation, you must know people in government and then you have to lobby, according to officials who spoke to Business Day on condition of anonymity.

According to the CEO of a leading major oil marketing firm, “there is almost a daily movement in price but the refinery people take months sometimes, to adjust their price. If you run private business that way, it will quickly go under.”

This distortion creates room for overnight contractors working for themselves or for people in government.

Another CEO of a western oil marketing company said: “Once, some people in government came to offer us products which we know came from the local refinery. We simply said to them no, you know our company rules do not allow us to buy products from government people.”

He said: “When people see a big difference between the landing price of imported diesel and the refinery price, you are discouraged from importing and this explains the scarcity which sometimes occurs. You do not want to bring in products when the chances are that you will make a loss.”

According to a senior oil executive, “ideally, immediately there is a price movement on PLATT, the global dashboard for prices, our local refinery or deport prices should automatically be adjusted. But this does not happen and it is deliberate to allow the ‘boys’ to make some more money.”

For the senators, the worry is that the extra income the government should be making from selling locally refined diesel is not properly accounted for, as this could have formed a significant part of funding the over bloated subsidy payment on petrol and kerosene.

The nation’s refineries are perennially down and the cost of importation to the national economy by way of the controversial subsidy payment, keeps rising.

Last year for instance, the Port Harcourt refinery was down for five months. Data by the NNPC put output from the refineries in Kaduna at 20.4 per ce[/font]nt in 2010, Port Harcourt 9.17 and Warri at 43.36 per cent.

I would like to see the price list

Please I seriously need somebody who can teach french to young kids.

Someone who has the patience and skills to handle and teach children.

I recieved mine some minutes ago.we would meet at training school.congratulation.God has done it foe us.praise God

I have not heard anything from them I did the interviews last year .I was even thinking they have recruited those they wanted.and please it is eunisell not eunisll.