₦airaland Forum

henrydadon:
cbn and their incompetent leadership

i miss the good old days of soludo

Ignorant. The 'good old' day of soludo created the loopholes banks are exploiting today.

dadebayo1:
States are not paying up salary, my state is still owing 5months.. Good to know allocation is gradually increasing.. Thumbs up to the team but some governors are making a mess of achievements by the fg.

Good point.

Should have recorded it just in case. What if he triest to frame you up to make himself a victim

euchaaria:
that is uncalled for dear..happy Sunday

NLC av become zombies . . .

So says Doomberg.

This is a wrong time for lamenting. It take money to make money and right now Nigerian govt is struggling to stay afloat talkless of tackling all those shìt written by doomberg.

APCsupporter:
Which injustice? Go back a little and check right from where they started. They said it clearly that they are destroying pipelines because the North and the Southwest conspired against their brother. That was the initial reason they gave. It cannot be totally solved immediately.

Don't forget they started bombing before elections.

sarrki:
is RMAFC different from Federal Govt ?

They work for FG and not Dangote.

pedel:
These cabals will never rest untill they buy and sell everything Nigeria.
APC = PDP. The parties are all the same. I only pity 'the wayler and the ZoneBs'

The next thing that will happen is that they are going to sell all national assets to the cabals in power.
Tinubu will get the Federal Secretariat in Ikoyi and so on.
The Prison system will be privatised

The Nigeria project is a scam. Pray for yourself to be able to breakthrough inspite of all the hardship the politicians brings upon the nation.

If I hear any of you support either APC or PDP on this post, you will not survive the recession with your household.

Dangote isn't APC or PDP. He has a permanent interest just like them.

Good advice. Why sell what is earning you money and saving you forex loss? If all those assets are sold today at say $20b the buyers will very likely be repartriating $2.5b/year in profits for the next 20 years. Instead use the money it is saving you wisely. It just like a father who wants to sell his business/equipments to settle his accumulated, bills. After settling the bill, what is he going to trade with?

sarrki:
My Question are

Why are they supporting Jonathan?

Why did he get that massive vote from that end ?

I am now sure that the hatred for Buhari from that part

of the country is based on self delusion

May be it was in good shape during the last admin. Picture don't always tell stories.

Franchise21:
If GEJ couldn't construct this road for us, do we expect PMB to do so??

Jonathan our hero?

APCsupporter:
Well done sir. What some people don't understand is that beating a group of people doesn't mean they won't be attacking occassionally. But anyway, whether una like it or not...






















BUHARI WILL CONTINUE TO BE YOUR PRESIDENT TILL 2023!!!

#IstandWithBuhari
#ChangeBeginsWithUs

You don't av to stand with him always.
How can possibly solve the problem conclusively? A problem that is inspired by injustice and hatred. How do you totally stop such?

This man can promise . . .
Militants will always mobilize and vandalize pipes. Just tell them you are working hard to reduce the frequency of the attacks and shut it.

The man who help maintain dollar subsidy.

I am sure $6b of the $12b came back into the hands of the Nigerian involved as egúnjè. Very soon they will reach out to media houses and paid e-agents to help distort public opinion in their favour.
Welcome to Nigeria.

http://leadership.ng/news/435868/non-metering-how-nigeria-lost-n4-25trn-oil-money

Non-Metering: How Nigeria Lost N4.25trn Oil Money
As the riddle of the missing $20bn oil money is yet to be solved, fresh facts from the nation’s oil and gas sector have indicated that a whopping N4.2tr ($25bn) may have been lost from oil terminals due to lack of metering facilities in all oil terminals in the country.

LEADERSHIP investigations last week revealed that operational losses since 2012 when the minister of trade and investment, Olusegun Aganga, moved to review the procedures for the issuance of export permits in the oil and gas sector amounted to $7.5bn (N1.5tr) annually, aside the over N400bn that a Senate panel reported that year.
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.
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Aganga, in a memorandum to President Goodluck Jonathan on August 26, 2011, entitled “Memorandum on Weight and Measurement (Legal Metrology) Service Fee Order 2010 as provided in Measures Act cap 467 LFN 1990 (now Cap W3 LFN, 2004),” proposed that the lack of legal metrology in the nation’s oil terminals was making the country lose a minimum of N30bn annually because “it does not have the equipment and personnel to discharge these functions.” He, therefore, sought to outsource the operations.

The minister justified this by saying, “It requires no government funds. It would earn revenue for government and it conforms to international best practices and the WTO (World Trade Organisation’s) requirements.”

In his approval, Jonathan wrote: “HM, T &I, approved but brief FEC” on the same day (August 26, 2011).

Consequently, a company was engaged but our sources said “though the intention was noble and the president did his bit, from 1999 when Obasanjo (President Olusegun) gave approval for metering of oil terminals, it didn’t take off until Jonathan enforced it.”

However, it did not work.

“The operators, DPR, NNPC and the oil majors, ensured that only sighting continued instead of the on-line monitoring system that the company emplaced. The company was chased away after two weeks and up until now, it is the old ways that has persisted.

“At the beginning, it was discovered that Nigeria was losing $5.35bn due to non-metering of oil wells and inaccurate ship-to-shore differences while loading and off-loading of vessels. Data currently supplied by government-appointed pre-shipment inspection agents cannot be relied upon for proper reconciliation of oil revenues from oil and gas.

“Several billions is lost annually to round-tripping and fictitious claims by oil marketers due to poor measuring equipment,” the report from the inspectors said.

midolian:
I dey teeee u! The guy looks very old. In fact, too old to be coach for the team he plays for..See wrinkles all over his face and he still claims 23

Sometimes I think Nigerians are smart but it doesn't take long before I get forced to think otherwise. I remember sometime ago when Taiye Taiwo was claiming to be 21 or so and his twin was somewhere celebrating his 40th birthday. Abeg, which kain twins be this?

Stop exergerating bros. How can a 40 year old play on for another 7-8 years?

aarressa:
[s][/s]



Shut your mouth abeg...Ole Barawo.


Na obingo projects we ask you for, but na internet burglary, scamming, internet armed robbery and 419 you dey shame yourself with...


obing the fake ugu master is a scammer and his followers are even worse scammers and 419 fraudsters...


Abeg show us obingo projects and I beg you please, don't steal or do internet highway robbery..

Ha ha ha ha ha ha ha ha ha ha ha





Aregbe the Champion

I would av loved to engage you in serious discussion concerning aregbe but ur antics isn't encouraging at all.

bejeiodus:
Why don't you read the report and see if it tallies with the headline?

Our brown envelope journalists av done it again.

Lagos is fronting hard oh. I hope it materializes.

Lagos isn't immune to any recession oh, oga Ambode. That's how Aregbe started too. The fact that we are import based economy and that Lagos is the main entry point doesn't gauranty immunity to recession.

ajasbaba:
and you call 20m only,


even at that baba still no dey hear.

what a waste of money

Compared to $20M it is 'only' oh. That's 400 times more than Buhari for an unelected person. There is God indeed.

Same Iweala who demanded to be paid in dollars under OBJ only to realize dollarization of our economy isn't a good move under GEJ. I laugh in economic blunder.

rusher14:
[b]What do you produce to the rest of the world?

OK let's come local. What do you produce for the Nigerian market? For the Lagos market, Onitsha market?

If in London, New York, Dubai, Australasia, Belgium where would I find Made in Nigeria goods besides the African shops which are a novelty?

Who is government?

What policies presently harm your business or trade?

If your trade is about import as important as it may be, perhaps you are a contributor to the fall of the Naira and the exodus of forex.

If you export how have government policies hampered your trade?

Look at your house and tell me how many items in your room are made in Nigeria.

Let me guess: Bed, Table, Chair and maybe burglary proof frame.

Your clock, your table cloth, your rug, even your melamine plates are most likely imported.

If we don't manufacture how can we improve?

Don't tell me there's no power because the minute you come across some money the first investment that comes to your mind would be hotel or filling station and guess what? they both need power.

Get off your high horse and farm.

Produce flip flops, produce water bottles and flasks, produce air fresheners, produce belts . Can't you see nature has blessed you?

From nice scented plants, extracts of which are used in perfumery and saponification to cow hide and skins.

You have rubber trees but import tyres.

Damn, I'm tired.

[/b]

Be careful how you dish the truth around here. It attracts haters.

Imagine had SLS and Soludo avoided the subsidy of dollar to Importers via BDC. The dollar exchange rate would have hit N500 long ago and it would have spur production of local goods. Why import a shoe for N8,000 ($16) when same can be produced locally for less than N5,000? Our love for easy oil money has led us here.

Did PEJ ever meet Michelle?

If a mere provision seller like PEJ can have $50M who is Aisha not to have more from her Abuja beauty business?

The love of money has destroyed many . . .
Imagine what the country wouldnlook like if people started going after goods and services instead of everybody cutting corners to make money by all means. Imagine everybody producing something by all means. That's much more wasier than getting money by all means

Monopoly of corruption is the reason he was had good indices under his regime. He stole mostly alone.

English is hard for wailers when it doesn't carry their favorite message.
By saving it doesn't necessarily mean it is locked in some piggy bank in safe hands. It means the said amount has been avoided in recurrent govt spending.

luvinhubby:
Buhari has out-borrowed GEJ's 5yrs in 1 yr.

Proof please.

So it is cool if Buhari continues borrowing at the rate GEJ was borrowing? Wailers are very illogical.

Jokerman:
Pay per post agent... what is the difference between wat you are doing and wat TAN did last regime??

Stop fooling yourself. .. Buhari is a thieving failure. ..

Dont ever in your pay per post life say Buhari isnt a corrupt crook...

How I wish Fashola was the president, u think we will end up here. ...

Keep supporting evil....

Evil is when two CBN governors used $60B to subsidize dollar that's in turn used to import toothpick and rice. Evil is when at $120pb(- $29) we can't diversify but you expect us to diversify at $45pb(minus $29 production cost).