udemzy101:


Your father is an idiot, while your mother is a big f00l.

If you think you can insult anyone here, just know that you don't have the monopoly to do that nitw1t

Ode!!! Please GTFOH!
We don't need fools posting comments here. Please go somewhere else and talk trash. If you can't contribute intellectually here, Get lost!
Idiot!

StaffofOrayan:
You sound like El Rufai when senators refused to approve his loan
You keep shouting raise taxes but you have not addressed the massive business closure in the past 3 years.
Lets take Trump as an example, the whole 'make America great again' mantra was about boosting manufacturing(bringing jobs back), cutting off Obama era restrictions on starting businesses AND LOWERING TAX. We can now see the results, Economy is booming, Stock market at an all time high, unemployment at an all time low, unemployment among blacks and latinos at the lowest since record collection began.
It's not rocket science, Bill Gates saw through all this administrations charade, if you don't invest in the populace we would just be moving around in circles.

https://www.vanguardngr.com/2016/10/poverty-112m-nigerians-live-poverty-line/

Oga do you mean they don't pay taxes in America? We have never had an efficient tax system in Nigeria. Infact the FIRS is concentrating more on including more and more people in the tax net than altering tax rates. They are even giving waivers to bring more people into the tax net. Isn't that a tax break? Please lets try to understand issues. Its very important. You can't lower taxes in Nigeria when nobody is paying taxes in the first place! You expand the tax net first. Make people who should pay in the first place, actually pay!!! That's what the FIRS is doing! When we have an actual tax net, we can alter rates to encourage productivity and business growth!

chukzyfcbb:

You are actually the fool.

Your country spends 66% of her revenue repaying debts and you are talking sh.it. If you need statistics go to google or ask and I will provide them.

Imagine spending 66% of your salary repaying your debtors, also sanusi has stated in the past that the borrowing margins are far larger than what is stipulated in the law (CBN act or so)

You must be in the govt, those seeking the heads of masses on a plate to slaughter, The write up talks about increasing VAT and in your rational state you think this is the only way to increase revenue. You are a true dumbo.

All they know is increase increase, from fuel price to exchange rate to food items to power to car imports etc, That's all they know.

Coming from a handed GDP growth of 6% to now 1%+ is what you are harping about, you foolishly didn't think a country on its growth to recovery after coming from a time of recession ; that Increasing the tax rates wouldn't be the wisest thing to do, but foolish you thinks that's the way to go.


If I may ask, what exactly can you point out that 12trillion naira has been used for? What exactly.

When Bill gates came here and told Nigeria that Investing in her people was the way to go, you didn't see sense in that huh? You want to milk the people but not make them fat enough to get enough milk?

So govt cannot improve infrastructure , improve the standard of living, create employment, reduce manufacturing cost factors before thinking of increasing taxes to raise revenue?

I repeat you must be in the GOVT! Only blood suckers in Govt think the way you do.

Our budget is running at a surplus yet borrowing is astronomically high, but you still justify it citing revenue to GDP ratio. Its truly your opaque mind that IMF was trying to address.

Your madness and illiteracy is worse than I thought!!!
Sanusi said what? When? Sanusi is now government policy? You're a certified bastard! If I had a gun I would shoot you for the fun of it. People like you should be shot dead for aggressive and violent ignorance. No matter how hard anyone tries to cure your ignorance, you're still aggressive and dogmatic about it! Ode!
Fool that thinks it was the government increased fuel price, or food prices! Bloody idiot!
Fool let me lecture you:
Our debt to gdp ratio is significantly low. At 23%, we're only mobilizing very little debt in funding our budget and vital projects. We can borrow more to build more, that's the meaning. A debt to GDP of 40% is the maximum threshold that international financial institutions advise.
Our total debt is 21trillion consisting of 73% local or naira debt and the remaining in dollars. The dollar component can be easily offset as we have enough in our dollar accounts with rising oil price and soaring reserves. That is not a concern. Infact we can take on more dollar debt seeing as we have more than enough capacity to repay. Its the local component of the debt that is of concern. Our Revenue to GDP ratio is very low at 6%. Means we're not generating enough government revenue from our production. How do we correct this? By increasing the revenue we can get from the producing segments of our production. Through taxes! Increasing the revenue drive from taxation. The FG is aggressively pursuing this with VAIDS and a revamped FIRS. With increasing tax receipts, we will be spending less and less on offsetting our local obligations. Its very simple!
Plus Mr illiterate, the government didn't increase fuel price! The government placed a cap on the price of fuel at N145. That was when all importers were allowed to bring in the product. They had a choice to still sell at that N87 cap that the criminal Jonathan government set. They didn't. When the price of oil increased in the international market, they all withdrew from importing, leaving the NNPC as the sole importer.
Please Mr idiot, try to read more and enlighten yourself. The government is not responsible for your poverty and hunger! Its you!!! Don't blame anyone if your life is miserable and sad. Its all your fault!!!

Fayose didn't build schools, didn't build hospitals. But took pleasure in awarding a contract of billions of Naira for building a High court complex, while owing salaries for 7months! I'm 100% sure the rationale for building that high court complex was to launder money either through contract inflation or direct theft!

chukzyfcbb:

Just look at the rubbish spewing out of your mind. Its your type of stubbornness that IMF is still trying to address. Nigeria's Govt are focused on their Revenue to GDP ratio, boasting and shouting of how low it is forgetting that their Interest payment to Revenue is frigging high.

Nigeria spends 2/3 of her revenue repaying debts, does that make sense to you? And the only reasonable thing you could think of is that, they have tax at their mercy.

Despite all the increased hardship, the increased prices and skyrocketed inflation , or a full year of negative GDP (recession)_ you still support the fact that increased TAXes is the only way to increase her revenues, YOU are a disgrace!

So Nigeria can't improve in her capital expenditure? we have borrowed 12trillion in 3yrs yet the capital expenditure is hardly seen. All your lots know is tax tax tax, is it until Nigerians die of hardship that you know you have taxed them enough?

You are screaming that others commenting are illiterates whereas you are the illiterate. Nigeria Govt boasting of her GDP as if she is doing enough to engage the citizens actively to further bolster the GDP size.

For me, the GOVT should capture those high and Mighty wealthy men in their Tax Nets rather that increasing VAT and all that. spending 66% of your revenue on debt payment is pure foolishness!

This is the biggest fool on this forum! We are spending how much to offset our debt repayment which is mostly in naira? So what do we do to generate more naira to reduce pressure of Naira debt repayment? Fool like you! You just want to appear smart when you're not even making any sensible point! Saying the government should capture the high and mighty in their tax net, then pray tell, what is VAIDS all about?
Fool!!!!
Any FYI Mr idiot, Nigeria's GDP is not negative! our current GDP growth is 1.95%. Inflation has been dropping for 15 consecutive months from around 18% to 12.4% last month.
Idiots and illiterates own this forum. It's almost helpless!

israelmao:
Most debt Nigeria owes is in dollar yet we are running to China to sign currency deal while we are till grappling with debt payment unmindful of the currency war between America and China.

wft is this?
Everything you have written here is a lie. Of our 21 trillion naira debt, 73% of it is in naira, in the form of tbills and bonds like the Sukuk bond. The external borrowing is Euro bond issues and world bank and IMF loans.
The currency deal with China is a massive plus for Nigeria because it will reduce the pressure on our dollar reserves. Instead of imoorters converting from naira to dollars and then to yuan, before making imports, they simply convert from naira to yuan. This reduces dollar demand. The naira will definitely appreciate against the dollar very soon as a significant chunk of dollar demand is from importers of Chinese goods. Once this demand shift to yuan, the positive effect on the naira will be remarkable.

DeOTR:

Do you even know the implication of being in debt?
Before you reply with how we're capable to pay back, please what's the amount budgeted for debt financing this year alone?
Just imagine if every government have been borrowing an average of #10 trillion every three years, just because they thought we can pay.

Bros that is why tax revenue is growing in double digits! So we can easily offset this debt. There is no concern here. It's just the uninformed and illtereate ones amongst us that will read headlines and post comments, that are making all the noise.

Raylight2:
but wait o! can't we print these monies? let them print many and pay of the debts na.

That would be crazy.
One of the side effects of issuing government securities such as tbills and bonds, apart from revenue generation, is to mop up excess liquidity (like we were all taught In secondary school) If the government issues tbills to raise money and mop up excess money, wouldn't it be wise to use tax (another means of mopping up excess liaiidity) to offset the debt incurred from tbills? If you take money out of the system with tbills and then pour money back into th system by printing more money, you're just promoting inflation, which is crazy monetary policy. Only the likes of Venezeula an Zimbabwe practise that kind of economics.

udemzy101:


You're high, we should borrow more? Are you the one that will pay back the money?

Only God can help cure the level of illiteracy in this Forum because God knows I've tied. With idiots like this one, it just gets harder!

clergyboy:
Na waoooo
12trilion to 21trilion in just three years.....
Bubu dey try cha

Yes and we should have even borrowed more! Government securities represent a chunk of the domestic portion of the debt which on its own is more than 70% of the entire debt chunk. Our domestic revenue mobilization through tax is ramping up. So we can safely offset the domestic portion of the debt stock which is more than 70% of the entire debt profile.
We should even be borrowing more based on these numbers.

bankylan:



Please, just keep mute as you obviously don't have a faint idea of the subject being discussed judging from your response. What does even your Buhari know about monetary economics? Who is begging Nigeria to take IMF..loans The country is heavily indebted already and we seem not to have the capacity and strategy to pay back these loans and you are here talking about Buhari not taking IMF loan........Stop watching NTA and LTV....

Ignoramus spotted!
Did the IMF mention anything about Nigeria being heavily indebted? They even said our debt stock is quiet low, at less than 25% of GDP. We can actually take on more debt if we want. Please endeavour to read and comprehend before commenting. It's not by force to post a comment.

To the ignorant ones that don't read to understand anything, the IMF director never doubted Nigeria's ability to repay her debt, that kind of statement is meant for the likes of Greece and Venezeula. Nigeria's debt to GDP ratio is still very low, which means we can even safely take on more debt. The concern the IMF raided is with our revenue mobilization especially from tax. Revenue to GDP is still single digit.
Like we all know, the FG is ramping up tax revenue generation with VAIDS and a more aggressive FIRS and this is yielding incredible results. So in essence Nigeria is on course with respect to allaying IMFs concerns. Please the illiterates and ignorants on this forum should go get an education and stop spewing rubbish about what they knw nothing of.

seguno2:


I hope that you understand about major civil engineering projects to know that what Buhari’s lie lie government is saying could not have been achieved between October when they allowed the contractor to return after over two years and April, when he made the claims.

Bros again please, in what part of the article was it stated that the Buhari FG removed contractors from the site in 2015 and mobilised them back in 2017? The engineer in the article you quoted said the early work stage had 4 phases. 1 to 3 had been completed before October 2016. Was any reference made to the progress of work before 2015? So please I repeat, who told you that Buhari removed contractors from the site in 2015 and mobilised them back in 2017? Where did you hear or see that one?

seguno2:


You are a good Nigerian who knows how Mr. 97% vs. 5% runs the Fulani Republic of Nigeria, FRN.
That was how he pulled the contractor out of the second River Niger bridge for over two years but continued and completed the Abuja-Kaduna railways and the EFCC building in the north.
Buhari is a monumental error of gargantuan proportions that must be corrected in 2019!

Bros what part of the article was it stated that the FG pulled the contractor out in 2015? Wasn't it instead stated in the article that the previous administration simply commissioned and abandoned the project almost immediately it was commenced? Why are you trying so hard to be dubious? This is how fraudsters and criminals are born! You know inside you that it was Jonathan's government that abandoned this project long before 2015, heck you have the article to prove it! But you cleverly quoted the part of the article that tallied with the lie you were about to craft and then embellished the lie further. You're a future fraudstar, that's if you're not already one.
Please mods this guy should be banned not just for spreading false information, but for fraudulently turning information upside down in order to spread hate.

seguno2:


Don’t be a lazy youth as your president described those whom he is responsible for.
The link was in the nairaland post that I quoted.

http://sunnewsonline.com/work-resumes-on-second-niger-bridge/

Bros where was it stated in this article that the FG demobilized contractors from the site in 2015? Wasn't it stated in this same article that the previous government just commissioned it and left it till October last year? This is a quote from the same article


“I want to commend President Muhammadu Buhari for continuing with the project which was inaugurated by his predecessors and who did not do any work until their tenure expired"

Seguno you quoted the part of the article that agreed with your lies and then embellished your lies with hatred and yet more lies. You then initially refused to post a link, just posting the part of the article where you culled your lies from. You're a dubious criminal that deserves a ban from here. You shouldn't be allowed to roam around here spreading lies and hatered.

seguno2:


Practice what you preach, bro.
From May 2015 to October 2017 is how many years

Bros where is the link to the article? You are a very dubious person that deserves to be banned from this forum. People like you should not be allowed to continue to stir up hatred and division with your lies and half truths.

seguno2:


You are a good Nigerian who knows how Mr. 97% vs. 5% runs the Fulani Republic of Nigeria, FRN.
That was how he pulled the contractor out of the second River Niger bridge for over two years but continued and completed the Abuja-Kaduna railways and the EFCC building in the north.
Buhari is a monumental error of gargantuan proportions that must be corrected in 2019!

Bros you have come again with your garri soaked lies! Please post any link to any article indicating that the Second Niger bridge was abandoned for 2 years. If you don't ill report you to the Nairaland admins for deliberately spreading false information because this is not the first time you'll be doing this. You were on another thread pouring out your lies and people kept asking you for evidence or links that you refused to provide.
Nairaland admins please take note! Let's rid this forum of vagabonds and false information peddlers like this person. These guys do more harm than good and deliberately poison people's minds m opinions with falsehood, which is the ultimate cause of all the bickering, hatred, tribalism and bigoted political division we see on Nairaland today
cc: seun
: Lalasticala
: mynd44

VULCAN:
It's not today that govt started signing agreements.

Anybody who believes that an American coy will actually spend $10B on a railway is living a pipedream.

It will take 50yrs to recover the $10B so we know the news is all for 2019

So the spokesperson of an American company flew into Nigeria today and spoke to the press ostensibly to campaign for Buhari?
The way you people think just disgusts me!

theemy:
I still prefer American companies to Chinese cos Chinese don't care about your safety all they want is their money

This is a 90's myth that no longer holds true today. Chinese engineering standards are almost at par or even slightly ahead of the expensive and overtly conditional American engineering standards. American companies are actually the ones that rope in crazy conditions in the contracts they sign in developing countries.

12inches1:
I'm very interested in why a private company would want to invest its own money in a public project in Nigeria without tolling or concession. How do they get their money back. This sounds very bogus for a company founded in 2010.

Bros where was it stated in the article above that it wouldn't be concessioned?

The truth of the matter is that we have always had investors willing to pump in billions of dollars into our economy but greed and corruption have always chased them away. It's either the PDP government was demanding for bribes or the President and his ministers wanted a cut.
Jonathan and Adoke, his Justice Minister, took their own cut in the Malabu oil scam before approving the deal. Atiku wanted a cut in the Siemens deal before lying to congressman, William Jefferson, that he would facilitate approval for the deal as VP and chair of the National council on Privitization. James Ibori wanted Econet Wireless to bribe him in millions of dollars in order to sustain Delta State shares in Econet.
All these things are public knowledge and can be further researched online. I wonder why then on earth anyone would want us to go back to that PDP era of graft and grand corruption. I just wonder!

Timi frank is an inconsequential bastard!!!
If he has nothing else to critique Buhari's government on other than the price of fuel going from N83 to N145, he's truly clueless and idiotic like Jonathan. I don't understand how someone can say he will go back and apologise to someone whose own wife is undergoing investigation for stealing and stashing millions in sky bank! Was it Buhari that helped Patience Jonathan stash the money away? Are those thrumped up charges? Diezani's and Dasuki's cases? Are they trumped up charges? Even the National Anti crime agency in Britain has said Diezani has a case to answer with respect to bribery and fraud! Was It Buhari that implicated Saraki in the Panama leaks?

trillville:


They are western educated and trained, and and unlike Duke, they haven't soiled their hands in corruption so they cannot be blackmailed.

This is the first time I'll hear Duke and corruption in the same Sentence.

kaboninc:


Been a while I did politics...

I like your analysis and you've given each candidates their strengths....but Donald Duke, I take serious exception to him. I think he's more deadly than even OBJ.

Please let's leave sentiments!
Has he ever been investigated for corruption? No! Almost all the 36 state governors that governed between 1999 and 2007 were either invited, interrogated or charged for corruption. He was never.
Did he govern a state of more than 1M people? Yes! How did he fare? superb! He made the a hitherto backward state Nigeria's number 1 tourist destination! The state during the period was noted for cleanliness and the annual Calabar Christmas festival.
His management of the Bakassi crisis was excellent and superb. There was never any incident of political squabbling or infighting during his time as governor of Cross Rivers. He handled his succession excellently with Liyel Imoke becoming governor after Duke.
I have no doubt in my mind that he would make an excellent President. He's done it on a smaller scale with excellent results. He shouldn't have any problem replicating at the national level. By far a better prospect the the other empty barrels you quoted earlier.

trillville:


Our safest bet is voting in a youth. that is either Moghalu, Sowore, or Durotoye. just as a majority of nigerians are corrupt, so are our leaders. they will keep promising and failing. our only option is to vote out these old man and hope an educated, exposed and westernized candidate takes charge of this nation.

Look at Ivory Coast, Alassane Ouattara economic policies have led to an over 7 percent annual growth rate for the past three years. keep in mind that this is an African nation without crude oil.

Ghana's Nana Akufo-Addo is also doing well. Ghana's economy will grow by over 8.5 percent this year making it the fastest growing economy in Africa.

We need to make progress before all our neighbours leave us behind.

I disagree!
The people you classed as "youth" are old men in their late 40s and 50s. What would you call then Emmanuel Macron? All of them have zero administrative experience. Moghalu has been a deputy governor of the CBN. Would he know anything about defeating Boko haram? Sowore is the publisher of an online whistleblower, what does he know about leading millions of people when his Sahara reporters has a staff strength of less than 15. Durotoye is a motivational speaker that wants to become President. I'm yet to hear anything about his views on Boko haram, our foreign reserves or petrol subsidy.
All these guys you mentioned are empty barrels with little or capacity to lead Nigeria.
The only one I would have given a slight chance, Donald Duke, is showing little interest. Duke transformed Cross Rivers. He has never been investigated for corruption and he led a state of more that a million people without trouble. That is someone I would vote as President if he presented himself.

This Makarfi guy was governor of Kaduna from 1999 to 2007, 8 years!
Can anyone point to any tangible legacy or defining project that this guy executed in Kaduna state that should make us vote him as President? At least we know Donald Duke made Calabar the cleanest city in Nigeria between 1999 - 2007. We know his defining projects (Tinapa and the Obudu cattle ranch ugrade). Based on these Donald Duke has better a shot at the Presidency because he changed Cross Rivers.
Mitt Romney in the USA was pushed to contest the Presidency based on his performance as governor of Massachusetts. His defining programs were the health insurance scheme he implemented in his state that was replicated in several other states in the USA.
Please in God's name, can anyone list out reasons why any Nigerian with a brain should vote Markafi as President, based on his performance as governor of Kaduna between 1999 - 2007??
cc: tonyebarcanister

Kog45:
Do you want to hear basic truth,trash from clueless IGP,do they think Saraki is Dino,some of you don't even know much about Saraki but just keeping on being emotional in your comments.

The same Saraki that made sure a notorious cultist Bayo Ajia was sentenced to death until Ilorin emirates wade in and he was pardoned and now IGP want to use the killing of the same Bayo Ajia by rival cultists to nail Saraki.

IGP should find meaningful thing to nail Saraki,not this cos all politicians are guilty of using touts and cultists during elections especially in Lagos.

In Lagos alone we all know how Tinubu largesse has contributed to different division amongs touts and cultists and many have lost their life due to this political patronage.

Bros read this piece done by Sahara reporters as far back as April 2016! You have no idea what you're talking about. Please its best to shut up when you don't know about issues so you don't appear ignorant.
Saraki and his father have been using cultists to terrorize people in Kwara since 2003! I doubt if you live in Kwara. You're just here yarning dust!

saharareporters.com/2016/03/31/senate-president-sarakis-links-kwara-cultists-0

TimFisher:


What do u expect from a tyrant government

A report emerged few weeks ago,that evil Buhari and his cohorts want to use intimidation to muzzle out opposition and perceived enemies through any means at their disposal just to make sure they returned to power.

What is the beauty of democracy if you are using intimidation and force to coerce citizens

I know how many people this evil government killed,jailed,framed up just for them to rot in jail!

Nigerian police is our greatest enemy in this planet.

What ever comes out from their mouth is false...that's why whenever they catch or kill criminals, i don't celebrate them,coz those people they killed are innocent!

if they can shamelessly open their stinking mouth and frame Nnamdi Kanu and his royal family that he stockpile bombs in his residence of abode

I won't be surprise the treatment they are giving to the number 3 citizen!

That is an evil despotic nincompoop Buhari for u.

He has brought back his 1983 despotic rule again!

But one thing i know is that God's will must surely prevail!

Dunce like you!
Has it occurred to you that anytime Saraki is exposed for his criminality, he tries anything possible to bring his accuser down and get the person removed. He arranged for Larmode to be removed after Larmode, as chair of the EFCC, invited his wife Toyin for questioning. He got his friend to lie to a kangaroo Senate panel to indict Larmode for embezzling EFCC recoveries. A naive Buhari quickly sacked Larmode on the strength of these allegations. Next was Magu that dragged Saraki to the CCT for false declaration of assets. Saraki turned it personal against Magu and goaded the Senate to decline his confirmarion. Next is the IGP. Saraki is doing everything possible to bring him to disrepute because he refused to release his coconspirator in the Senate, Dino and because his murderous ways are about to be exlosed. Now Saraki wants us to get rid of Idris so his murders can be covered up.
The annoying part of all this is that we have idiots like yourself that don't have any clue of what's going on, jumping and supporting that Criminal called Saraki. I pity your destiny.

NaijaFutbol:
you stop work in 2015...
you start work in 2018...


ehen...make we clap?


If you did not stop it then, maybe you will actually be coming to commission it

These Biafran trolls have started again! Did you read the article?
ode!

There are people who are ready to bring down the entire country and set it on fire just to make a point. Same way Saraki is trying to get rid of the IGP of the entire country because of his murder case, or get rid of Magu because of his several corruption casss. There was a report here on NL about a parallel APC congress in Lagos yesterday which was a blatant lie. Those of you trying to cause blood shed and trouble just to create an atmosphere of chaos, your end is nearing.

abokibuhari:
How does this rubbish benefits the common man on the street

Useless statistics

The cocoa farmer is not a common man? Ode!!!
You prefer a situation where Fayose distributes N100 and bags of rice on the street! Continue waiting, don't go and find work. Mumu!