₦airaland Forum

TruthHurts1:
Whlie I agree with your observation, I don't agree with your conclusions. Your conclusion if accepted without qualification suggests that fraud and illegality is inherently part of Igbo nature which is unfair and untrue.
I have traveled far and wide and interacted with enough people to know that the propensity for criminal behaviour is not defined by a person's ethnic identity, rather it is more complex than that.
Things like poverty, peer pressure and desperation can make an otherwise decent person to abandon his principles for the sake of survival. In the case of Igbos, I can say that many of them suffer a kind of persecution complex which drives them to be ethnocentric even to the point of supporting their fellow Igboman who is accused of wrong doing, no matter what he may have done wrong, as long as they believe tribal politics is at play.

agabusta:
You lots cannot blackmail the APC and the intelligent people that protested against the irrational removal of subsidy in 2011 by your ignorance (feigned or real) and attempts at prevarication.

Maybe u need to go and have a look at the speeches and arguments of subsidy removal of 2011 again, if indeed your mind is open to unbias.

No one entirely tagged subsidy removal as evil. Infact a lot of APC governors supported subsidy removal.

The CBN governor then, Sanusi Lamido Sanusi supported subsidy removal. A lot of hate-filled souls prefer to lambast that smart man when it is convenient for them and it suits their bigoted position. But prefer to abuse him and call him a bigot if he is on an opposing view to their stance. What an undemocratic animalistic behaviour.

The main opposition to subsidy then was premised on the fact that subsidy rose from about 250,300,350 billion in 2008, 2009 & 2010 respectively to about 1.5trillion in 2011 without any rational explanation from the govt.

The govt itself agreed that the subsidy regime was entrenched in so much corruption, yet no one was brought to book!

That is the greatest disservice that govt did to the nation. How can govt be duped of billions of naira, yet nothing was done to the thieves who were even around govt circles and flaunting their loot, yet you want the citizenry to pay for such ineptitude.

It doesn't happen anywhere!

We cannot be made to pay for the ineptitude and incapacity of the govt.

That singular action of govt at that time, which resulted in the prices of petrol spiralling from 65naira/litre to above 145 naira/litre was very insensitive and wicked.

And I can assure you that anywhere democracy is being practised in the world, that action of the GEJ administration will be resisted by the people. It is so simple. I don't why a lot of you is taking it as personal thing against Jona.

Corruption was on the highest levels, refineries were comatose, govt did not properly sensitize the citizenry before arbitrarily making pump price more than double it's price.

Infact, it was like a coup against the people as this was the new year gift the govt meted out to them, and u think it will not be resisted by civil groups and labour unions??

Sincerely I can recollect that I felt that sharp increase badly. I work in VI and live around Berger. I usually use one full tank to go to work per week. It was so difficult to adjust to the new price. I was formerly filling my tank with about 4k, after the arbitrary increase, it climbed to about 9k. Transportation cost hit the rocks in Lag.

Transportation is expensive in Lag, and waking up to see it has been more than doubled will definitely cause a social upheaval. It doesn't take a genius to predict this.

Increase in fuel price in Nigeria always lead to a corresponding increase in price of a lot of commodities. Which means prices of everything at that time also more than doubled while the citizens were still on same income.

How won't people protest?? Moreso when they were hearing stories of people defrauding the govt of billions of naira and no one was punished.

Now let me tell u the things that has changed.

1. The current subsidy removal did not lead to an unreasonable increase in the price of a litre of petrol.

2. The present govt has shown a readiness to fight corruption by its words and actions. And there was no scadal about people defrauding the govt of billions before the subsidy removal.

3. There is improved sensitization of the people before the subsidy removal. People are now more aware of the advantages of removing subsidy coupled with the fact that d removal will not cause a marked increase in price.

4. Reasonable & intelligent people have seen a genuine attempt by the govt to reactivate the refineries and bring them back to operation. While keeping corruption at the barest minimum thru the operation of the TSA.

5. Reasonable and intelligent people have seen that the govt of the day is trying all it can to block leakages, and are not showing hopelessness in the midst of massive corruption, and are therefore willing to support them by themselves taking on a little liability.

6. The govt of the day took the decision in a strategic way, while hoping before prices pick up in the international market, they would have been able to resuscitate the refineries and up local production.

AdaNri1:
I use an iPhone and I'm planning to dump it for Samsung Galaxy. Apple is too controlling; no external memory storage, no external backup unless iTunes or iCloud, in which case you have to pay monthly for your iCloud space.

You can't buy music externally any music you want has to be from music store. All these are annoying. Granted the phone looks good but after a new phone comes out and you update software your phone slows down till it grinds to a halt, which makes necessary to buy the new phone. It's just too much.

Modified:
Ok the point I am trying to make here is the need for choice and flexibility even while enjoying the iPhone, which is not so. Some people are feeling the need to tag me what they like. iPhone does not necessarily certify the wealth status of anybody. So some guys here need to take a chill pill.

DecemberIV:
Fr. Mbaka has earned the moral right to comment on our national issues, considering the huge risk he took in opposing Jonathan and his peoples popular opinion while it was supremely dangerous to do so and his colleagues were swimming in Jonathan's millions.

Super1Star:
There are 3 categories of people that I have noticed do not support Buhari's fight against corruption

1. PDP -. For obvious reasons, being a party that institutionalised lootocracy in Nigeria. Govt of the looters by he looters and fo the looters.

2. IPODs -- they we say anything to rubbish Buhari just because they failed in their attempt to perpetuate the Mandela of Otuoke in power and they lost out in the electoral power play big time.

3. Beneficiaries of the ATM - there were several institutionalised ATM a suddenly the ATMs at no more flowing like they used to. It is only normal for the beneficiaries of those ATMs to go after the person that shut down the ATM, as a well expected reaction.

Mr. President, you have the support of the patriotic Nigerians that want a better tomorrow for their children. You are upholding the rule of law by out smarting the corrupt judges that can sentence a poor Nigerian that stole Nokia 3310 to 10years imprisonment within option of fine, lines can grant a looter that killed million of Nigerians with his action bail for him to treat malaria in Europe. You have also made the court room level for all, no matter how high and powerful you can be.

God will let continue to protest PMB for the patriotic Nigerians.

Coolcash1:
2016 stocks to watch; CCNN, livestock feeds, okomu, transcorp, oando, gtb, ashaka, dang cem, tigerbrands, NAHCO, JB from my analysis

Coolcash1:
2016 stocks to watch; CCNN, livestock feeds, okomu, transcorp, oando, gtb, ashaka, dang cem, tigerbrands, NAHCO, JB from my analysis

passwelle:
In plain language, portfolio managers decided to help their end of year reports. It happens the world over (first reported by Yale Hirsch in his Stock Traders Almanac in 1972) and is known as "fund managers window dressing" or the "December effect".

PassingShot:
There was no sanctions not to buy from Russia, Turkey or Ukraine and many other countries. Only US was relunctant or refused to sell us arms.

No justification for buying with cash.

989900:
Now, compare this to Diezani . . . or PMB to GEJ.


Tech rules: Distributed acoustic sensing (DAS)

Can typically detect:

People walking when they are 5–10 m away from the buried cable
Manual digging 5–15 m away
Vehicles 5–15 m away
Mechanical digging or other large machinery at a distance of 20–50 m.
Can be used to cue other security platforms such as CCTV or unmanned aerial vehicles for visual confirmation.
Throw in IP/IR/GPS/GSM motion sensors and IP/GPS/GSM CCTVs.
Integrated with manual armed personnel backup surveillance.

I hope this is what they have in mind . . . if only I have Kachikwu's number.

Better than the 'clueless' administration's employment of them Gani Adams and Tompolos.

adioolayi:
PDP was dethroned at the centre just few months back and this is happening
2015 happens to be one of the best years Nigerians will make good decision collectively..... God relinquished power from them, exposing their cosmetics approach to governance... and now, they can't even cater for 120 workers after 16years rule..SHAME!

hassan85:
Works, Power and Housing 433.4 billion Naira
Transport 202.0 billion Naira
Interior 53.1 billion Naira
Special Intervention Programs 300 billion Naira
Education 369.6 billion Naira
Defence 294.5 billion Naira
Health 221.7 billion Naira
Ministry of Interior 145.3 billion Naira

Since Awolowo and Ahmadu Bello which government ever took Education and Health as seriously as d APC government?

Honestly, PDP are really sick. Rather Dan learn to keep quiet, dey sprew trash always. well EFCC is coming for all of u. In Buharis voice "where ever Nigerias wealths are hidden, we must get dem no matter wat" so all keep wailing.

Bevista:
I can understand your sentimental attachment to the Oil issue, and that is because you think it is your commodity. For the records, I am from Akwa Ibom State and the last time I checked we were contributing the most to Federation Account.

There is absolutely nothing wrong if the budget hangs on oil. It has always been that way, even while GEJ was president. When GEJ was there, how many times did you speak about true federalism? It is obvious you are still pained by his defeat, but I would advise you to move on. He was a disgrace to his people and the entire SS. The country under PMB will be better for you, except you were a direct beneficiary of the corruption under GEJ.

chinchum:
Naija would have shut down by now under GEJ, brent oil price now at 38dollars /barrel, GEJ period had oil boom of over 100 usd on the average, though budget benchmark was at avg of 75usd, meaning the extra 25usd + over budget benchmark was saved in to excess crude account. Many do not realise the enormity of the current situation in a Nigeria that was virtually anchored on oil price. I daily praise God, majority of Nigerian voters did not make the mistake of bringing GEJ back.

Bevista:
I'll help with some figures of the budget proposals of the FG from 2011, just to provide some perspective:

2011
Budget Proposed - N4.97Trillion
Oil Price Used - $75
Oil Production - 2.3mbbls/day

2012
Budget Proposed - N4.75Trillion
Oil Price Used - $70
Oil Production - 2.48mbbls/day

2013
Budget Proposed - N4.98Trillion
Oil Price Used - $79
Oil Production - 2.53mbbls/day

2014
Budget Proposed - N4.91Trillion
Oil Price Used - $75
Oil Production - 2.39mbbls/day

2015
Budget Proposed - N4.49Trillion
Oil Price Used - $53
Oil Production - 2.28mbbls/day

2016
Budget Proposed - N6.0Trillion
Oil Price Used - $38
Oil Production - 2.2mbbls/day

I am interested in seeing the revenue details from the budget to know exactly how government intends to fund the budget. My first instinct, though, is that leackages in revenue generating agencies (like NCS, NPA, NNPC, etc) have been blocked and all funds channeled into the TSA. That the government has been able to come up with that size of budget - even in the face of declining oil prices & lower oil production levels - without depreciating the official exchange rate of the Naira - is truly remarkable.

How GEJ (with benchmark oil price of over $75 throughout his term) was not able to come up with a budget of up to N5T beggars belief. One can now say without equivocation that, had PMB met an oil price of $75, we would be talking about a N10T budget. Kindly note that during GEJ term, oil price was actually higher ($105) than the budget benchmark and yet our Foreign Reserves and ECA was declining.

elampiro:
According to OPEC website, oil price averaged $107.46 in 2011
$109.45 in 2012
$105.87 in 2013
$96.29 in 2014
$52 in 2015

olatade:
THIS IS THE REASON NATIONS SAVE...
for the rainy day. So when you support your thievish "heroes" as they plundered and stole, the result is bound to be hardship. What we are experiencing now is not a DISTINCT AND SEPARATE UNRELATED INCIDENT. When a nation has low foreign reserves, it's currency value will suffer against strong currencies like the US dollar. Wailers think this is an "excuse". I HAVE NEWS FOR YOU....UNTIL YOU GET FREAKING REAL, AND STOP THINKING LIKE 5 YEAR OLDS, you will remain the butt of every educated person's joke. Thank your lucky stars that your hero was sacked and steady hands took over. There would have been an implosion in this country by now. The entire facade of "fastest growing-rebased-economy would have come full circle. See what is happening to our main source of revenue. THEY SHOULD HAVE SAVED OUR MONEY, NOT STEAL AND WASTE IT. Mtcheew!!

Oil price, December of year

2008: $46
2009: $82
2010: $97
2011: $105
2012: $94
2013: $100
2014: $54

Current: $36.3

TheGoodJoe:
It frightens me now. I am not joking. I am literarily frightened at the level of ignorance of today's youths.

What we are facing today is the careless mismanagement of the economy under GEJ. I remember during the election when Bullion vans drove wildly repeatedly for months on the streets of Port Harcourt with the stolen wealth of the Nation.

Did any body expect such wastage not to have a negative effect on the economy. Goodluck wasted a windfall that would have buffered the system from this kind of situation. But, no, they must steal in Billions of dollars.

Now everyone is shouting Buhari is a dullard. Is he the one that mismanaged the economy?

Nigerians should understand we are in a frightening situation caused by absolute neglect and wickedness of the past government and pray this government can do something to salvage the situation.

TimeManager:
When Hero Fortunato Was Dollarising The Economy From Uptown To Downtown- None Of You Were Wailing,

When NOI, The Yam-eater Economist Was Authenticating & Signing Dollar Approvals- None Of You Were Wailing,


When Madam Yam Eater Was Paid In Dollars As A Finance Minister- The Ekpas Were Not Wailing.

When Schools, Hotels, Businesses Were Accepting Dollars As A Means Of Payment- Wailers Were Not Wailing,


Who Would Forget Dollar Notes Been Shared Among Obas, Political Collaborators & Gatecrushers At The Detriment Of impoters & Smal Businesses- None Of You Were Yet Wailing.


When Our Reserves Was Been Depleted- No Wailing Recorded,


Now That We Face The Backlash- Y'all Wailing Profusely,



You Can Go Wail On Your Heroes Who Were Spending With Reckless Abandon Without Investing. You Have Only One Choice- Endure The Consequences Of The Decision Of Your Heroes From Yesteryears Or Wail Me A River. Difficult Problems Require Difficult Solution & Which Is The Reality Of The Now.











No Lie Only Truth!

saintgh:
ystday 'it was the sun returning looted fund in disguise as 'compensation' 2dy its tribune sacking a hungry journalist who traded his conscience intergrity because f moni..am more convinced than ever dat Nig. is gradually bcming wat we want it b.

DaBullIT:
You can pull a house down in 30 minutes But if you employ 1000 hands, you can't build it back in 2 weeks

GEJ pulled Nigeria down, Buhari is trying to build it

charlsecy:
Banks hardly have Dollars to settle the obligations that using a Naira-based card on a Dollar-based online resource will produce.

olapluto:
This has never happened in the history of my great country. People returning stolen funds willingly!
If Buhari continues at this pace, decorum will soon return to Nigeria. Only when the water is still, can we start planning actual development.

dammytosh:
When they ask the stupeed question "where is the change"


This is the change



I have always said it. The country is messed up economically but PDP is never an option.

1wolex85:
Sometimes I wonder! why are you doing this? what kind of lame defence is this? Does what you wrote really make any sense to you? 'Anybody can give security advice', 'Dokpesi was paid to publicize achievements', what in God's name are you yapping about? What is the ministry of information there for? The so called security advice they paid 345m for was based on what? What other security work has the so called company done? Fear God o!

Aguntasolo1:
http://www.premiumtimesng.com/news/top-news/174816-ill-rid-nigeria-corruption-given-another-chance-jonathan.html

Read and laugh!

jomoh:
How many times have you seen Buhari personally arrest anyone.

You should be able to pick out that there will always be media frenzy surrounding cases of corruption all over the world. When Martha Stewart was being tried for tax evasion, even CNN dedicated sometime to follow the story. When the corruption cases at FIFA broke out and even FIFA president and UEFA president were suspended did it stop UEFA from having the CL or UEFA league? Did it stop FIFA from hosting the under 17 world cup?

From your analysis it show you just joined the band wagon of the illiterate that keep shouting that the government was focusing too much on corruption.

Whereas you and your co-travellers on that visionless bus forgot the first few weeks that PMB travelled to neighbouring countries. Precisely Niger, Chad, Cameroun, Benin. Was that also for corruption.

Was his trip to the US for corruption?
Was his trip to india on trade relations for corruption?
Was his trip to the China-Africa trade summit also for corruption.
Was Ibe kachikwu, Kemi Adeosun and the rest appointed as Minister for corruption.

Oh I forgot you were also part of the train crying that he travels too much. The problem you people have it the same thing with PDP that you support. You fail to realise the extent of damage that has been done to the economy yet you want a miracle worker.

Wike recently praised Amaechi and FG for continuing the Rail project in rivers state is that corruption case.

Learn to have a mind of your own and not follow the band wagon. The present Administration is still following the killer blueprint/budget of the previous administration that had price of crude at $65 even when the price was $45 and still going down. Not until 2016 will they implement their own blueprint/budget Or do you expect them to throw out the previous budget?

When he went to commission the 25billion Agric loan in kebbi state where were you? Oh I forgot you were busy protesting the release of a terrorist.

Kezino:
I am an Igbo Man but I know Jonathan finished this country Nigeria. He was a perfect definition of slow poison...he poisoned this great country.

Larryfest:
Na God save us for dis country cos if dat guy had won d election most nigerians wud av bin doing househelp job in Togo or even Benin republic,he was ready to sell d whole country completely

HungerBAD:
Boko Haram?

At the end of the day, and just as i have repeatedly said before, take Dasuki out of circulation and Boko Haram supply of weapons will end. You don't need to be a War Historian, to know that Boko Haram became strong as a result of the Government, or somebody at the top Echelon of Jonathan's Government supplying them all their needs, to the detriment of the Nigerian Military.

Somebody might ask why?and the answer is simple,to be Politically relevant.

As the National Security Adviser to the Government, what Dasuki did, which even a Kindergarten kid can see. Is to use his left hand to cause an artificial terror/mayhem, while using his right hand to milk the Government dry, and making his office to be very relevant,and in the case under Jonathan, very powerful.

Who else would the Government run to?if not the National Security adviser.

Dasuki is a traitor, and deserves the hottest part of hell for the rubbish he has done. Why are Boko Haram, not suddenly as powerful as they were before?except for some skeletal guerrilla attacks here and there, the Boko Haram has completely been wiped out. And it was only achieved because their chief sponsor, is currently talking to the Federal Government, and most importantly not at the helm of any Power.

Dasuki was so powerful, he was withdrawing from the C.B.N as if it was an A.T.M on the Roadside,and yet, i repeat, and yet. Some Clowns will come here to support this murdering heartless man.

And as they say in the Old England "OFF WITH HIS HEAD"

9free:
Raise which kind yeye glass. Am glad that Jonathan was booted out. Under Jonathan, naira was devalued three times in six months leading to the election. Naira would have been exchanged @N400 to the dollar had he won the election. Okonjo Iweala would have swallowed Worldbank/IMF wuruwuru recommendations and devalue the naira even more. Buhari still remains a prophet not recognized in his own country. Do you guys know the amounts of pressure he has had to absorb quietly from those Western institutions and powers concerning naira devaluation? Jonathan would have succumbed to their demands had he won the election.
I will rather not import and encourage made in Nigeria goods than support the most corrupt government ever.