₦airaland Forum

I find it very fascinating to read this of the previous govt that Mr Keyamo SAN served in.

“It seeks to move away from the frenzied borrowing of the last government, check the unacceptably high jobless rate, achieve economic growth, prosperity for all, and end poverty"

Congrats to Air Peace. So when is the first flight to London?

It is curious that a yatch can be delivered without a single dime down payment. It is highly unlikely.

Let there be competitive peace. Interesting how Dangote cannot survive genuine competition. It looks like things are set to get worse with PBAT's disposition towards Dangote.

That said, interesting to see how BUA has waited until Dangote breaks grounds in business sectors like Sugar, Pasta, Cement and now Crude Oil Refining before following suit. It can be annoying sometimes lol

The status and progress of the Siemens deal should be front and centre of discussion during Chancellor Olaf Scholz's visit to Nigeria. The deal has suffered close to 5 years delay. An urgent revival and fastrack is desired. Germany should commit to resuming funding and instruct Siemens to prioritise delivery. This should be a major pillar of President Tinubu's agenda.

Secondary to that is Germany's objective of energy/gas independence from Russia and the look to LNG supplies from elsewhere such as Nigeria to bolster its energy needs. There is a sweet spot there for both countries. Other areas of collaboration should include car manufacturing, steel development and others. President Tinubu's team should be on top of this and create mileage from the visit.

Wike has an excellent political brain. Brave, courageous and carries his people along. Amaechi is smarter with ideas but not politically. How can Amaechi believe anyone who promised him that he can beat BAT in a contest? Once beaten, he should have aligned and restrategised for the future. By supporting Atiku in the 2023 elections, he nailed the coffin of his political career.

It takes a political brain like Wike to go back on his decades hatred of APC to align when the oppprtunity presented itself. He is now the defacto godfather of Rivers and SS politics. He is learning well from BAT.

gift01:
It’s just a matter of time that port will boom especially when the adjoining road is fully fixed by Dangote

I share this view. The Port will eventually boom, it is a matter of time. I am disappointed though with the transport infrastructure into and out of the port and adjoining areas.

Massive road and rail infrastructure should have gone on side by side with the constructiin of Lekki Port, Dangote Refinery, Fertilizer and other industries around the Lekki axis. Not doing that upfront calls the thinking of those in charge to question. They can still remedy the situation by fastracking road and rail infrastructure around the Lekki area to facilitate business.

If you remove subsidy and the cost of petrol goes up 3 fold and if you liberalise the forex market such that currency loses 30-40% of its value, where do you think inflation will be trending in the short term? It is basic economics. Inflation will first of all rise, stabilise and start trending down. It will take time to achieve that.

LP can argue about the necessity or otherwise of subsidy removal and forex harmonisation but once both policies are adopted, the outcome cannot be different from what we are seeing.

Next to Abia, Bayelsa must be the most unfortunate state with poor leaders since 1999. This is the smallest state by population with revenue earning power in the top10. There is absolutely no reason why citizens there should not be living like kings and queens

These IMF folks should try harder. This is very pedestrian advice that lacks rigour. They fall my hand.

Govt has said it will widen the tax net first, make the economy buoyant once again before contemplating tax increases. In fact it seeks tonreduce multiplicity of current taxes as incentive to tax paying entities.

How do you justify tax increases now when the low hanging fruits are staring us in the face?

Buccalcavity2:
In other words. It took BBC, FIJ and almost a month of review for a university Prof to see what some of us saw in the deposition from day 1. Egbon Farouq, you're just a "partisan blinder" like your followers. Shame! I saw you on tv reeling out trash like a retard with sound phonetics and shook my head.
Your Rufai Oseni will come around soon too.
May my judgement not be impaired.

Rufai Oseni is too emotional to argue dispassionately. Always hiding under the garb of doing his journalistic work and speaking to facts, reaching conclusions that such facts don't support entirely.

A set of facts can support many outcomes. More facts or elimination of possibility of some outcomes are the ways to eliminate some conclusions. Those who have been in the crime solving scene or worked with uncertainty in their line of work can relate to what i am saying

Farooq Kperogi has written 3 or 4 articles on this CSU matter since Judge Maldonado ordered BAT's records to be released to Atiku. Each article has revealed additional info not available to him at first thereby invalidating his earlier conclusions.

The earlier articles concluded the INEC certificate was forged but this last article has gone 360 degrees to withdraw that forgery conclusion.

At least Farooq did not display intellectual stubborness and hypocrisy with the coming to light of additional info or info overlooked previously. That i commend him on. I urge him not to rush to conclusions too early next time and disspassionately analyse info and facts available to him, come up with possible scenarios that fit the data and lean on a plausible option without foreclosing other possible options.

How can anyone take Jandor seriously? He came a distant third with less than 70,000 votes. So the Court should invalidate more than 1 million votes of the first and second candidates and then declare him winner. This is a joke.

Politicians and their desperation. Just check, there is hardly any state where election results were not challenged by the losers. This is in an election that IRev and BVAS worked as intended. A few of those petitions are fine and the courts ruled accordingly. But a vast majority of petitions are a waste of Courts' time and resources. Desperate politicians who can't accept defeat. Not as if it matters!

Jackiedemie:
You didn't read it well, Tinubu collected the 1979, 1990s replacement but didn't collect 2022 replacement.
I think Tinubu misplaced the original of the 1990 but only get the photocopy of it... Which he gave to his lawyer to contact CSU to certify it for him then submitted to the INEC.

The 2022 diploma was what is in the possession of the Enaharo ( sic).

Tinubu didn't forge the certificate and why CSU can't attest to what he's paraded is because it's a photocopy not original and no institution will affirmed a photocopy of their original under an oath.

Good summary.
Original 1979 diploma certificate was collected by BAT but that was misplaced or destroyed by Abacha's people while BAT was on exile.
Replacement copy he ordered in the 1990s is likely the one he submitted to INEC.
The one he reordered in 2022 or so is the one in CSU's possession which he hasn't collected.

The CSU registrar couldn't authenticate the 1990s diploma because CSU neither kept records of replacement applications nor do they keep a copy in their records after the student must have collected it. Reason why the Registrar could not 'authenticate' it. The Registrar was also not at the school in the 1990s to know since the school doesn't keep records. The INEC copy shows it was signed by the school officials at that time and looks like diplomas issued at that time. The issue is with the addition of the text 'with Honours' which is only added for students who graduated with honours. Suggests that the sample shown by CSU were for students who didn't graduate with honours. The missing '1867' on the school logo and the 'Dean' text are all explained as the cutting off due to photocopying. The BBC report laid all these out.

zoghys:
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Why then give advice to atiku's team when in your own wisdom you think PBAT is a certificate forger. Don't it appeal to your common sense that you can't forge what you rightfully own. The salient points in the unnecessary drama are did tinubu ever attend and graduated from CSU which is in the affirmative, is he the same person, which is a yes, but not a yes daddy situation, does the school recognize the use of third party vendors to issue certificate to past students, which is also affirmative. In Nigeria, politics defiles plain logic, so I won't be perturbed if you let some unsuccessful politicians continue to manipulate your sensibility to launch a dead political career. Let the supreme Court gives it judgement, let all the arguing be done in the court room, shikena

Thanks for this view. How many elections have Dele Momodu won in his life? He is busy moralising but when he was glamourising fraudsters, drug dealers, dubious politicians and business people through his Ovation magazine, he was clean then, abi? Atiku that he supports has a million and one corruption charges and moral issues hanging around his neck. If people don't see politicians for who they really are, i am sorry for them as one side will keep using them against the other. It is what politicians do - go after their self interests alone. The one that is more strategic often wins.

Jbleenk:
The person above is so dull he couldn’t offer intelligent contribution other than to throw shades. It we find out now you go realize na one of the frustrated Obi or IPOD people.

Anyways, allowing marketers access to Dollar at the official exchange rate will strike off NNPCL monopoly allowing for healthy competition and eventually forcing down price in the long run as we have in the telecom industry. We hope this works.

The bottomline is that we have to gradually end fuel importation and reduce demand on forex which in turn strengthens the Naira. Whether you provide a level playing field for both marketers and NNPCL to import or not, the fact is it doesn't solve the problem. Between 30-50% of our forex demand today goes to import fuel. Take that out and you substantially provide for the Naira to breathe and recover. Let us focus on bringing Dangote, Portharcourt and Warri refineries on stream and watch the stabilisation of forex market follow.

Lokpobiri should not mix things up. I know he provided the breakdown in the body of the report so not sure if it is the media house that coined the headline.

Condensates are not counted as part of opec quota so the real crude oil production is about 1.3-1.4 million barrels per day. This is still a far cry from the > 2 million barrels per day capacity that Nigeria has. Can we just focus on what needs to be done to produce close to capacity? Same with gas supply to NLNG. The Trains have been producing at about 50% capacity for more than 2 years now. This is a classical case of self inflicted injury.

Felimax:
Bunch of empty heads!
The only solution is for Nigerians to gang up in the next fours years and make sure these useless lots and their online fools are booted out of Nigeria political space.

The time for sitting on the fence and turning the other eye is over. Nigerians should get ready for the bigger one. Everyone with progressive mind should ensure no more division and ensure these crop of corrupt and satanic fools are totally expired from politics.

I know their online idiots will dare to mention me to say nonsense and na thunder from hell go scatter their generations.

Don't you think that opportunity to gang up and boot current leaders out of power was missed during the last election? Why will a block decide to split itself into 4 or more parts, thereby snatching defeat from the jaws of victory? It was pretty obvious that without unity of purpose, the opposition will fail. Dislike the ruling party all we want but they came together and unified against the ruling party in 2015 and won. There is a lot to learn from unity of purpose. I see the same mistakes being made by not working together still. There is little time to the next elections in 2027 and time is now to plan. Unite, clean out the rot within the opposition parties, promote young, vibrant, articulate, result oriented persons across board and allow them be presented for elective offices in 2027 and see if they won't sweep out the ruling party.

byteem:
Retailers are not ur problem they are at the bottom of the pecking order.. NNPCl and the oil cabal now that's another school for. Another day.. They have something on tinubu of not I don't see why that kyari is still there

Kyari still there baffles me very much. It is either there are some powerful forces backing him (he is a Kanuri man like VP Shettima) or BAT is waiting for SC judgment to strengthen his hand before making much needed changes at NNPCL or perfecting his plan for sweeping changes. Whatever it is, time is of the essence. That place stinks to the highest heavens and I see no difference with the CBN saga that has led to a clear out and an investigation that is almost concluded.

There is clearly some subsidy for PMS if you factor in how much oil price has gone up and forex has deteriorated since the last pump price adjustment for PMS. Diesel, kerosene and aviation fuels have increased in price so why not PMS?

I really don't mind the policy of stabilising PMS price for the short term to avert the poor masses bearing the brunt of a vicious market. It is a sort of price cap scenario above which govt absolves for the public or subsidize temporarily. Such cost can be recouped later when oil price declines and/or forex improves, selling PMS at above cost to get more revenue in. It will be like the way excess crude account works to cushion impact of adverse market forces on the masses. Many developed countries around the world do it particularly to cushion current high energy prices and moderate impact of cost of living crises on citizens. What the managers of the economy should do is to properly articulate and explain the policy to Nigerians who i believe will see the logic clearly, not this cock and bull story that NNPCL is telling at the moment.

ganisucks:
Ayo Maero-Ese is not biased. Don't taint her reputation.

Says who? She is biased as most of her colleagues. It is only Reuben Abati that has the deep knowledge and maturity to address issues logically without emotions and youthful exuberance exhibited by those Arise News anchors

It is good Olisa Agbakogba SAN has come to his senses. He did something similar by arguing the ridiculous 25% FCT on TV. He has now seen the light

COMPAQ:
Capacity and Generation are two different things. Besides the headline is also wrong. Its not National grid capacity that has grown to 14,000MW. Its actually generation installed capacity.

And the problem is that while generation capacity is 14000MW, actual generation is about 5000MW, mainly due to unavailability of gas. But even if we generated the entire 14,000MW, we wouldn't be able to wheel all of that power due to the limited capacity of the grid, which is also about 5000MW.

However, if we decentralized the grid, a generation plant in Kaduna that cannot send enough into the national grid can create its own transmission line to send power directly to Abuja DISCO.

The Power decentralisation act has been signed into Law, enabling States and other entities participate in the Power value chain. Real challenge is upon us and we are still speaking grammar like many Nigerians do. Apart from Edo and Lagos States, who else is taking this challenge up? Talk is cheap

Best advice ever. Yaradua made a big mistake reversing that sale in 2007. Missed opportunity

How can Atiku Abubakar even contemplate the sort of things he writes just because he lost an election? Too many people get carried away by sweet words that don't mean much. Atiku is one of the longest serving politicians in Nigeria. From his days in Customs to his 8 years as Vice President, to his massive wealth and influence that has bought him the Presidential ticket of political parties from 2007 till date etc. What has been the overall contribution to life in Nigeria?

A very simple test for me is his home state of Adamawa where he has more or less overtly or covertly controlled governance for decades. What is the quality of life there? What are the Human Development indices like? What is the state of infrastructure? I can go on and on. Your guess is as good as mine. Anybody seeking to convince me beyond sweet words that anyone can put together, should show me their past performance.

casualobserver:
What is clear is that not only are too many ignorant people given a platform to display their ignorance, too many Nigerians have a plroblem with acknowledg8mg of celebrating good nes because it hasn’t come from their side whatever that side may be. The problem of Nigeria are Nigerians.

I've observed this same thing with us Nigerians. Whoever is in power doesn't matter. The 'other' side will be vociferous, difficult, antagonistic, non cooperative till the very end, whether logic supports or not.

COMPAQ:
So many Nigerians think they are well informed and smart by don't realise how dumb they are!!

Most of the IOC's have been very clear that they are divesting their stake in the ONSHORE aspect of their business because of the activities of crude theft.

They have all said they will keep their investments in the OFFSHORE aspect, as that is not subject to vandalization. They also plan to keep investing in GAS, because gas is pretty much impossible to steal like oil because it's a intangible product!!

Be EDUCATED!!

Exactly 💯.
IOCs are still in deep offshore and onshore domestic and export gas business. Gas will be big because many of the blockers to investments in the past are being removed. It will be big in a few years time.

HE Engr David Umahi is certainly a round peg in a round hole, one of the best ministerial appointees of PBAT. The three qualities that stand him out are as follows;

1. He is a Civil Engineer hence understands what the job is about

2. He is a very good manager of resources. See how much he accomplished in Ebonyi State within a short time and with far less resources than other states. His emphasis on quality at reduced cost, use of longer lasting concrete roads and challenging wasteful spending and excessive beaureacracy testify to this

3. He is bold and courageous, taking on vested interests in the process

I like the way he commends his predecessor HE Babatunde Fashola who though is a Lawyer, confronted some of the road infrastructure issues during his time. People forget how very bad and dilapidated our road infrastructure was before he came in. Govt budgets less than N100bln yearly for roads that need nothing less than N4trillion annually and everybody across the 6 geopolitical zones want their roads fixed. How possible?

Credit that roads such as Lagos-Ibadan, 2nd Niger Bridge, Loko-Oweto Bridge, sections of Abuja-Kano Road, Ilorin-Jebba, Oshodi Expressway, numerous roads funded under Sukuk etc were all accomplished.

Umahi will soon grapple with the issue of funding. Just like he said, N14trn is required to complete ongoing projects of which he is working hard to secure N4trn. This is just to complete ongoing projects and nothing yet on the new projects which will be his signature projects such as the superhighways between Lagos and Abuja and between Lagos and PortHarcourt. Each of those roads will cost at least $10bln or N8trn.

I advise him to also focus on raising funds outside govt i.e. lots of PPPs, Sukuk-like funding, tax credits etc. Without that, he won't be able to achieve much. I like the fact that he will build more roads and infrastructure for the same cost that Fashola did. Contractors and civil servants may have played on Fashola's lack of engineering knowledge to fleece Nigerians through those expensive contracts. Umahi will not allow that. I wish him all the best as Nigerians have lost patience.

BALLOSKI:
The Itsekiri man there is not from SS?

She is a woman

This Phrank Shuaibu guy is so daft and a nuisance. If Atiku supports this nonsense he wrote, then I can only wish him well.

Is Lagos State Goverment partnering with Ogun State as I see many areas in the masterplan firmly in Ogun State territory.

Dammyseyon:
This has always been a master plan and very commendable.

Not to criticize, but the fact that Badagry, the cradle of civilization in the entire south west not included in this capital and economic development project makes me question why?

I am Badagrian and projects like this are always exempted from the historical town.

Shameful.

You may be right. I once lived in Badagry. The masterplan is subject to review and update so the blue line can still be extended to get to Badagry. I won't criticise but urge reps from Badagry area to take it up with LAMATA and the Lagos State govt.

Badagry is connected by a federal road under construction through Sukuk funding. That road will also benefit from the African Development Bank's $25bln funding of a major highway from Lagos to Abidjan in Ivory Coast, passing through some West African countries.

Also Badagry will benefit from a deep sea port under consideration. Not all parts of Lagos will immediately benefit from the rail system as many factors in how development is spread and its needs basis will come into play.

Shettima may be a loose cannon but you can't compare Borno and Atiku's home state of Adamawa. Despite Boko Haram ravaging Borno state, it is better developed than Adamawa. Shettima rose to the heights at Zenith bank before becoming commissioner in Borno. He was so good that he was commissioner for several ministries before contesting and winning Governorship election.

Thereafter, he mentored one of the best Nigerian governors in Zulum and gave him a free hand to manage the state. Go and visit that state and see for yourselves.