₦airaland Forum

banmee:
And since you don't know that the states are supposed to generate their own revenue but because of their stupidity and lack of knowledge, plus their over dependence on the federal government and oil, I see no point in trying to educate you. Bye.

The states cannot efficiently generate resources of sustainance when federal government monopolize ownership of states economic resources as national cake. States need to control their resources then pay taxes and royalties to federal government.
Can't accused states of laziness, when federal government encourages it by paying them statutory entitlements. The national cake concept is an economic "unitary" system. Regardless of what they choose to name it.

banmee:
Nigeria does not practice a unitary system of government. Unless i am mistaken, we practice the federal system of government. Britain practices a unitary system and i think Ghana, not us. Our system is mirrored slightly with what the United states does. Big difference is we don't have a state police. The only reason it seems that way is because of our dependence on oil and the incompetence of state governments who don't have a clue about governance.

Since you don't know all Nigeria States budgets are funded by allotments and allocations from Abuja. And that the fed control economic generating resources of the states, it will be unnecessary to continue conversations with you. Bye

banmee:
Take a cue from the American revolution. These were people who lived in a colony and banded together to become a nation. They were inherently good people and because of that, they created a great country out of nothing. They also created their own system of government. When good people gather together you eventually come up with something good. Same for bad people. What Nigeria needs right now is not a new system of Government, but a reset button. The way it is at the moment, nothing will ever change. In fact it will get worse. The mindset of the average Nigerian is so jacked up that generations to come are already programmed a certain phucked up way.

U.S. don't and has never practiced "unitary" system of government Nigeria practices. Each states are autonomous. With statutory laws and constitutions that varies from state to state, based on their unique needs.
Our colonialists and pioneer leaders bequeathed us with decentralised regional system, because of their knowledge of the vastness of our resources and the diversity of our people. To better maximize our productive capabilities.
The people to blame are the useless military, whom, in 1966 designed this unitary anomalies that have been failing us since. Until we reverse to our decentralised founding foundation, this country will never maximize its potentials. No amount of patchwork will do. The structures will not hold, Until the foundation is realigned.

steppin:
Government dey approve Kings now? Nawa o

I wonder too ooh!!!!
Useless government. Who be you??

banmee:
The system did not create the people na. The people created the system, so how can you blame the system?

We are all objects of our environment. People are all born or created good. Circumstances of societies mould us to various character states of mind.
A governmental foundation that put all its eggs in one basket is prone to disasters. A unitary system that put all its cake in centralised bowl can only benefits those with big and long spoons (politicians). While others wait in vain for crumbs that never trickles down.
Decentralisation puts the cake in more smaller bowls.
Where transparency, accountability and security guardian of the resources are more efficient. Corruptions or stealing from a smaller bowls will be less in magnitude and noticeable than from the centralised big bowl system.

Congratulations to the president and his cbn team for this action. Always better to try alternate means, when current solutions are not yielding desire results.

Where are all the islamic banking money and thousands of billions dollars from looters our president was spending scarce resources travelling over the Arabia countries to get Guess they're on their ways coming.

franciskaine:
Just don't devalue what is left of the naira. Those shouting devalue will come back to shout when a matchbox equals #100. Just imagine politicians returning all their looted funds in US dollars, we would have surplus dollar to augment our failing economy. But no, they had prefer keeping them in foreign countries. Corrupt politicians are the common enemy of all.

Pipe dream. If Buhari will lead by examples?
By returning the $billions of Nigerians money he been looting since1970s . Maybe, just maybe other looters evading the search and probes radials now will return theirs too.

banmee:
Only a foool would think this began with Buhari. This has been gathering momentum since independence. You can't depend on one source of income for half a century and worse still, spend the proceeds like drunken sailors and not expect this to happen. Not to mention the incredibly corrupt mentality it's citizens have. If you want to know who is to blame, just stand in front of a mirror. Bad citizens, bad country. Good citizens, good country.

Bad governmental system breeds bad government.
Our irresponsible system tempts and spoils good people. Good leader can make people Good for awhile, while it last. Good system monitors fiduciary goodness for all time. Our unitary, centralised national cake system is a recipe for failure.
Time to change the system that have been failing us since inception ( 1966). Strong structural foundations sustains enduring nations for all time. Don't blame the people, blame the system that turns good people bad.

Lawless government. High court rulings supersede orders of magistrate courts. Buhari and his Efcc thugs should stop violating the laws, if they want others to.

egwekwe:
****

Yes we are not happy with this administration but abusing of the office and personality of a president is nonsensical.

Be a reasonable wailer

Nothing nonsensical in calling a spade by its name.
An office and a president fixated on rearview mirrors for all past mistakes (corruptions) for his redemptions instead of focusing on present productivity for growth, miss road . Nothing wrong with demands for past mistakes accountability. Is ridiculous to make that the primary focus. The focus should be growth and development of more wealth for the nation. While others deal with the past.

U S didn't sell weapons to a rational democratic leader of Jonathans' intergrity. Doubt they will sell to a despotic double faced, radical islamic dictatorial tyrant like Buhari.

Nasiruddeen:
NEW AGENDA: FULANI PERSECUTION

Now that a serious Fulani chief herder, President Muhammadu Buhari, has dealt a blow to their agenda of disintegrating the country using the cover of Boko Haram, plan 'B' has now come into effect.

The trend though not new, resumed as soon as the President, a Fulani man, was declared winner of the 2015 elections that scuttled the agenda of the secret proponents of the balkanisation of Nigeria.

They used religion and sectionslism to get former clueless President Jonathan to empower them through cornering juicy positions thereby siphoning funds with wreckless abodance. The entire machinery of government including the army was run by these skin-heads like from a single hegimony.

They used religion that is the weakest point of the Northernern minorities in top positions to prosecute their agenda of destroying Nigeria for them, just as it is now manifesting through the effected plan 'B'.

Barely a week after Jonathan's fall in the presidential elections, either by design or coincidence, two communities in Benue state, the Elogba and the Egba clashed over rites to a fishing pond, resulting in the death of 60 people. The cause of the incident was later mish-mashed and hipped on Fulani herdsmen.

In far away Ondo, the report of the kidnapping of former Minister of Finance, Olu Falae was sensstionalised by the Lagos - Ibadan axis press, accusing Fulani herdsmen of culpability even before facts of the matter was investigated. In the end, Falae regained his freedom after paying N5 m ransom. By the time that three of the gang members were nabbed, it emerged that their leader is Yoruba man called Baba Olu, who remained at large with the bulk of the ransom money. The apprehended three confessed to being from Niger state and were paid only one hundred thousand naira each. Unfortunately, any Northerner is just Hausa/Fulani as far as the Lagos press is concerened.

Not long after, Radio Biafra, in its usual hate propaganda, alleged that some Fulani herdsmen sacked an entire community of Umuapu autonomous community in Imo state. The Radio claimed that a woman who wanted to remain anonymous said she was gang-raped by the herdsmen.

Sadly, the All Progressives Grand Alliance (APGA), embraced the Radio Biafra fallacy, hook, line and sinker by officially posting the fabricated incidence on its Facebook wall that in turn fed the Lagos Press with yet another welcome armunition to realise its anti-Fulani agenda.

Recently, the Agatu - Fulani clash in Benue state provided another opportunity for the enemies of a united Nigeria to spotlite the Fulani as aggressors, with some newspapers even linking them to Boko Haram in an effort to maximise hate in the minds of Nigerians.

In all these however, the Inspector General of Police is part of the blame. Police investigations, if at all there was one, never get publicised and where they were, certain facts that would have absolved the Fulani herdsmen of blame is downplayed.

These days the propapaganda against the Fulani herdsmen is so brazen that pictures of herdsmen in Masai-Kenya, Chad, Sudan, Niger and Mali adoning AK 47 rifles are downloaded from the internet and published by the Lagos press as Nigerians.

It is high time President Buhari and his advisers ponder on this problem that is threatening to
enmesh the country in another round of security uncertaity. These enemies of Nigeria are not relenting. You have won the war agsinst Boko Haram, shut the door to awoof government money, arrested and confiscated some of their loot and they are not happy. This is their way of fighting back, using Fulani herdsmen clash with farmerss or communities as cover.

At the moment, any community that has axe to grind with its neighbour, raids, kills and blame it on Fulani herdsmen. This is not acceptable and It is dagerous. President Buhari must do whatever it takes to arrest the situation before it blossoms to something bigger.

Need to get your head out your southern end, so you can stop smelling feaces long enough to breath clean air.
Only bottom feeders and dwellers like you will give an iota of considerations to the convoluted garbage you spewed here. You're at liberty to fool urself, for none others are fooled.

Capital float ?

Acceptance of truth is beginning of working for solutions. This idiotic senator can continue to fool
himself with denial. The world knows us for what we are.

just2endowed:
only ten years?

And the prison is under another fulani bigot,
Danbazau. Who at the least, can make sure the "hard labor" aspect will not be enforced. If not let them out quitely through the back doors.

FagsamPHP:
"sentenced to 10 years imprisonment each with hard labour and without an option of fine."

kudos to the Judge!

But still, Buhari is a Cow!!!!!!!!!

Certainly not a statesman.
He is a local ethnic and tribal bigot, for such.

Odunayaw:
I trust u meant redenomination of naira

Not necessary redenomination, i will not flat out call it devaluation either, because free market determined values fluctuates up and down. It can gain and loss values. Unpegging or not fixing arbitral Values might be appropriate.

igraman:
FTC


S/O to all FUNAABites on the planet earth.. I wish u all success in the forthcoming exam.



bk2theTopic : François Hollande welcome to 9ja.

I DO IMAGINE HOW THOSE FOREIGNERS FEELS WHEN CONVERSING WITH PMB REGARDING HIS ACCENT.
SOMETHING MOST WE INBREED ALSO FIND DIFFICULT.

Accents immaterial. Ideas communicated matters.

seunlayi:
Op wrote all what i have in mind, we are in the same shoe, how i wish they have listened to us then? see the backwardness this has caused us? can you imagine the huge fund that we ve lost to subsidy since 2012? Until the people that led the protest then apologies to Nigerians

Apology and contrition is necessary to show understanding. And avoidance of such expensive future mistakes. Unfortunately most sponsors of past objection to subsidy removal were not ignorant of the necessity, were only motivated for their selfish political gains at the expense of national well being. Unpatriotic bunch in deed.

pryncexcel:
@toks 2008,nice one! Please let me use this opportunity to add to what you have just writing out there.the removal of subsidy at this point in time is one of the best thing the president has done. It will give room for foreign investors to come and build more refines and equally create job opportunities for this great country. using GSM as a case study, when it was newly initiated, line was sold for 30k-28k bet, with the emerging of other network like etisalat, glo, airtel mtn etc today line are now sold for one hundred naira.please let applaud Mr president for once he has shown that he truly wants the betterment of this great country. by not the valuing the naira....learn to pray for the direction of this great country...

GSM ushered in at the time naira exchange rates wasn't officially artificially fixed (pegged). But now nnpc will have competitive advantages by using official fixed rates to source exchange and sell for N97.00/liter. While others will source exchange from higher parallel market rates, and sell for up to N145.00/liter.
Eventually other importers will expliot the discrepancy loopholes. One such, is others buying from nnpc@N97 for resales @N145.00 or higher, rather than importing anything. Eventually leading to scarcity and higher prices. This same uneven playing field will discourage foreign direct investment.
Remedy is to unpeg naira for even playing field, as would have obtained in Jonathan's era subsidy removal of market determined naira exchange rates.

@op
Agreed with most of your points. Disagrees there will be healthy competition. When nnpc and others with political connections can source import exchange at official government rates and others at higher parallel market rates competitive advantages will be to the former. While others will have to sell at higher prices due to their cost of buying.
Eventually other importers will rather buy from nnpc at their low pump prices for resales at maximum government set price or higher instead of importing anything. Which will lead to scarcity and more higher pricing. The only remedy is to deregulate naira, and let market determine exchange rates. So that every importers play on a level playing field for healthy competition. For this is what would have obtained in Jonathan's era subsidy removal, because naira wasn't artificially pegged officially.

Hard to believe. So there are Benin homosexuals.
Something certainly is going wrong somewhere.
Could this be resulting from too fertilizers foods or genetically modified ones? Beyond my comprehension.

MeAboki:
Did Jonathan saved any of such surplus? Go ask (Okonji Iweala) the former finance minister I am sure she will have ready answers for you.

Lots of decaying infrastructures were restured. And new ones were developed.
Jonathan's subsidy removal would have created a better balance in economy of scale. Because then naira had no pegged official rates. All importers would have play on level playing field. But now with naira pegged, nnpc and others with political connections will be able to import using official rates. While others will use higher parallel market rates and higher selling prices.
Eventually, others importers will rather buy from nnpc and sell at markups than import anything. Resulting in scarcity and much higher prices than set official price.
To make it equivalent to what would have obtained in Jonathan's era, is to deregulate naira and let market decide same rates for all importers and everybody else.

MeAboki:
You are still ignoring the basic realities between the two circumstances before Jonathan and Buhari and therefore my point:

Jonathan had surplus money to support the subsidy and therefore had no justification for removing it; while Buhari doesn't have that kind of money to maintain it and is therefore justified in removing it.

Surplus money are not met to be thrown away.

ajebuter:
I wont be able to vent my spleen as much as i would like to if i had written that in English hence i resorted to cursing the government , their sponsors as well as progeny and everyone that makes it their mandate to stretch the masses beyond poverty level

I just packaged ijebu curses to them via nairaland and that's about it in a nutshell

O.k., thanks for the summary.

Iefosa:
if a patrol team should have those listed above, what differentiate em from a strike team??

For a patrol team, I repeat this is not so bad

Patrol teams are security apparatus, not sacrificial lambs.

ajebuter:
Ko ni daa fun gbogbo ijoba ati awon ti won fe tun ni mekunnu ati talaka lara ju bayi lo

Owo epo tun maa di N145 abi? Ounje won gogo, ko sie ina, generator ni gbogbo waa nlo, owo oko lo soke laala

Ijoba aninilara yi tun fikun inira gbogbo ilu?

Olorun a nii gbogbo eyin ika yii lara tomotomo. Ko sie iye billion te le ko pamo to ma gba yin lowo iya lati odo Olorun

Awon oloriburuku gbogbo.

Cc firefire,

Translation please. Seems U're saying something interesting.

Reference:
If deregulation had taken place then, we will have saved close to 3 trillion naira or its dollar equivalent. More importantly any price increases resulting from exchange rates will have been tracked like any other commodity. I will always tell Nigerians, inflation happens in every country in the world. Prices of goods and services will always increase. That is a given. What is different in iur case is that we seem to prefer jolts rather than creep. You can adjust to creep but jolts leave a bitter taste and a backlash than paralyses the economic system and prevents rational thinking. Why we let things rot to the point of catastrophic failure baffles me.

Correct. Prices don't only goes up, they also comes down as market supply and demand dictates. Regulatory interventions distorts prices as you said.

Iefosa:
For a patrol team, it's not so bad, the boat got engine and therefor its a speedboat.

More like shrimps and fishing trolley.
They're vulnerable to snipers attacks from all directions.
No security protection for a supposed security patrol.
Also subject able to weather incremental conditions.

Nigeria! Nigeria!! Nigeria!!! Which way is up ?

Going Backward is no progress.

Good they stopped deceiving themselves.
Also need to remove official naira subsidy of pegging exchange rate.let market fluctuations determine rate.