₦airaland Forum

Apart from the general improvements in d indicators of the budget since he came(reductn of Recurrent from 78% in 2010 to 68.7% dis time, reductn of Overhead from about about 500b in 2010 to about 200b dis time, reductn of deficit from about 2.9% in 2010 to 2.18% dis time, etc ) as a practical person am more impressd by d practical incentives in terms of taxes and excise duties the govt is putting in place to attract serious investors, increasd industralisatn and create jobs- the 0% duty for Sugar relatd equipment( including a 5yr tax holiday), 0% duty for aircraft parts(smthing the d aviatn guys hv bn pleading for for yrs), 0% duty for all equipments related to solid mineral exploration, and bus spare parts etc. Add all these to those already announced for cassava, rice, cocoa, oil palm etc( which are already hving sm impart) and of course d recent 30% infrastructure tax rebate for industries as well as 10% tax rebate for employing more than 10 workers- this is not only practical LEADERSHIP but also putting actions to one's plans. Very commendable..

I was also impressd by d fact dat sm real practical emphasis was placed on women, which is important if one is serious in reducing poverty.....this was not just a mere budget Speech but containd practical outlines to achieving sm of its aim; hopefully d implementatn wud improve just as d Speaker insistd it shld

redsun: Uselss leaders,nigeria cant boast of any up and running airline,even with multi billion airline industry that is open for all ith resources.They will rather steal the resources than use it to keep the business afloat.Now she doesnt even have roads to her place,because they have stolen the monies for the construction of roads and proper drainages.

Must you comment...learn to just pass if you dont have any thing meaningful to say, K.

Oya enuf of responding to others( too much silly peeps on this thread Or just too emotional maybe), let me now comment @topic:

The students are VERY WRONG taking this course even if it i understandable that they are naturally outraged. Much as one shares that outrage( and it has been almost universal in Nigeria), Violence is never the answer. There wouldn't be any difference between the what the Aluu did and what the students are doing now?

At this point, the Security agencies should take complete charge of that whole area, and if any one( student or villager) just as much as raise even a stone they should be very decisively dealt with...but wait oh, where the hell were the security agents and School Authorities when the students could even start these protests( or is it reprisals). smh

shymexx: I was pissed off as well, but my anger was directed at the government - because if things were working the right way in tha country - Mubi, ALUU etc.. would never ever happened...

Hey, I've got a different mentality - and I look at things critically before I critique people...

Maybe, it's the Nigerian mentality - I guess that's why the country is so fvcked up!!

You mean Utopia,eh? Do you know how many persons have been slaughtered in the US this year alone by gun-trotting madmen?
Do I need to get started about the UK and her city-side gun violence?

These events have been extremely appalling to us as Nigerians, but stop behaving as though we are that hopeless or that we dont watch the news(international that is)

honeycandy: What this country needs is a revolution. But we need to channel our anger to the authority. I believe that the root cause of jungle justice is the loss of confidence in our security agents. Nigerians are of the notion that sending criminals to the police is a waste of time because at the end of the day, these criminals will be granted bail, with a good lawyer, walk away free men. Burning down the houses at Aluu isn't the solution. I'm so angry right now, I just want to get to the highest mountain and screeeeeeeeaaaaaammmmmmmm!! Until something is done to our security agencies, and confidence on our security and judicial system, jungle justice will continue to be the case.

Is it by the screeeeeeeeaaaaaammmmmmmming that you intend to do this 'revolution'?.

Okay then let me join you: screeeeeeeeaaaaaammmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm...........
See? feel better now
\

SOH KAH TOA: This is not what we need, neither can this bring justice. Keep quiet as if all is well, let system men avenge the dead. Take your time to mobilize blood thirsty men and ambush Aluu community like a thief in the night. Do a thorough cleansing of that land( indigenes), don't spare any soul, starting from the traditional ruler who ok the summary execution of these young Nigerians. Lock him and his family up and set the house ablaze, kill them all since they are barbarians.

What is the name of your ailment plz? How the hell would you suggest this? What did the children and other innocent persons do to you or to the students for that matter? What is the difference bw you and Boko Haram?
Disgusting

[quote author=Sisi_Kill]If we had a justice system that worked. . .and worked well will the students need to do this?!!

They know justice from the appropriate place won't be forthcoming, so they have decided to take the laws into their own hands.

How are they different from the ALUU Villagers?

How does this disprove Desola's Point?!!

Whether you want to accept it or not. . .We are all ALUU Villagers and the Federal Government with its lackadaisical attitude towards justice, peace, safety etc turned us into it. We should be fighting them not ourselves because we are all victims. . .VICTIMS all of us.

It is that simple.[/quote]And when do you intend to come back to Nigeria to lead this 'figth'? Coward

skyfall: Confused president. That's his habit of throwing money at every problem. No plan to solve the underlying cause. M.U.M.U!

And what's with Ankio Briggs. I thought Jonathan was their son. Bunch of primitives.

eediot. Did you read or watch the speech, eh Mr.eediot?

Ankio Briggs didnt 'condemn' the speech. She only meant the measures were not enough to deal with the extent of the floods, especially the ones he had seen herself in the Niger Delta, hence her advice on the Govt to seek some International Aid( she questioned the need for the committee apparently not aware that the committee i only meant to raise additional money; she also questions the categorization of the affected States maybe cos she feels more help should come to the ND states which she perhaps considers more affected). In other words, she is criticizing some aspects of the intervention, asking for more(understandably) and suggesting what all the tiers of govts(FG, State, Local) should be doing ging forward. Some people apparently think you have to cant disagree with govt or give a different suggestion from govt's except you are 'condemning' GEJ. Pathetic.

Meanwhile......

Obama addressing the nation(US) on the BP Oil Disaster http://www.cbsnews.com/video/watch/?id=851266n

Bush addresing the nation on the Katrina Hurricane Disaster( which he did at various times) http://www.cbsnews.com/video/watch/?id=851266n

shymexx: ^^^^I didn't even know Nigeria had a student association... However, where were these clowns when the system was gradually turning the average Nigerian into a beast?? They can mobilise against peasant villagers, but they're too cowardly to fight the power, no

Bunch of semi-illiterates and m0rons!! When will Nigeria start producing critical thinkers, anyway?? The country is doomed without intelligent youths!!!

Failed country, failed youths, and failed educational system!!!

Will u shut up u absentee Nigerian who hv neva bn to Nigeria, yet running around diff threads urging Nigerians to revolutn. Did you just hear or read about that word? You think there are no Consequences to it? What they hell do u think it is?

How ironic and silly is it that smone supposedly outraged at d Aluu atrocity wud be advocating for more Aluus, only this time nationwide... No, you are d Coward by running away at doing the hard and necessary tins( eg thinking hard) instead of choosing d 'easiest' way out. Pursuit of ILLUSIONS

ilugunboy: That guy in bold at a point derailed and joined the band of people with extreme views..besides he has been off from N/L lately.

PhysicsQED in my opinion will also do justice to such assignment...dude is highly cerebral

Pukkah"s cool mien will also be valuable....

Well...at the end of the day..it will boil down to the mods call.

Pukkah as a judge? You are kidding right? I also think that Sisi-kill shld pass

There is smthing 'false' about the way sm persons are reacting to this outrageous crime, almost as if it was a complete surprise. Whilst one was much younger and living in one of d saner places in 9ja( Benin) d burning of 'witches' and 'thieves' by angry mobs in public wasnt infrequent on our local tv screens. Then for a very long time, maybe sm few yrs even, i hardly heard of any such wickd displays until pooh : Aluu. This particular beastial display does not mean we are NOW more inhuman as sm personshv bn arguing here. No, it has 'tared'; infact, such behaviour has arguably decreasd in recent yrs. What has made dis one remarkable is that smone was 'nice' enough to record d heinous heinous crime and post it online for very many persons: one word social media. Perhaps, dat we hv all bn forcd to tk sm closer look at it suggest that this time around justice wud be served and maybe such wud serve as a stern deterent for other 'mad' ppl from taking laws into their hands. It may also perhaps force us to tk a closer look at our slow and largely unresponsive Judicial system which is still shamelessly one of d legacies of colonial rule... We are not a worse ppl cos of this( infact, it seem to hv decreasd) but maybe we may actuali do smtin this time around seeing dat social media has made this one notorious and finalli made us to stop and think. Perhaps.

aurenflani: So you didn't know that before? Sentiment apart Buhari is loved by many, many Nigerians across the divide and that is the truth!

Plz speak for yrself

[quote author=Sisi_Kill]What the. . . Did GEJ just go through his address book and started appointing his friends?

I tell ya, it is like secondary school all over. . .where prefects pick people to organize an activity not because they are qualified but because they are their friends.

Lord save us from the juvenile mentality of the FG. [/quote]Would u just mk sense at times?

Yaya6: one thing we have failed to learn in this country is how to appreciate our leaders. The way things are done in America far different from the UK and not to talk of Nigeria with dynamism in ethnicism. GEJ is doing is best has the leader, and we need to just support him to get the best.

GEJ does not need the support of MOST of d people criticizing( running their mouths) here. There is really no need cos they are 'Pledgers' ie their minds are already made up; plus they do NOT COUNT. This is d only thing that they can do- complain away. I feel for them

superior1: IMO Jonathan raised the bar in the definition of stupidity, the transmission is senseless, shallow and of no relevance. [size=14pt]The transmission had been recorded and edited [/size](anyone who watched closely will noticed it wasn't a live transmission). Why wait till 7am before playing it after the National Anthem

Read through yr comment again and see if u hv not defind yr STU.PIDITY beautifully. What does a live or recorded speech hv to do wit d fact that hundred of thousands of Nigerians are hunting from floods and need help? How does a transmission that intends to provide this help look 'senseless, shallow and irrelevant'?...go get a life dude b4 it is too late and stop pooking yr mouth on tins that are way over yr head

freecocoa: To think I woke up early enough and turned on my radio(which almost never happens) just to hear what he had to say, saying I was infuriated after the speech is an understatement.
I don't understand what good that broadcast is supposed to do us, how does Dangote and Wale Adenuga even come into play sef? Someone please enlighten me.

Na, dont think any one can help yr ignorance, no enlightment wud help at this point....u re 'infuriatd at d speech' which following the pleads of various strata of Nigerians made grants available to flood-affected states and Disaster Management agencies to help the flood victims immediately and in d long run. You are 'disgustd' cos a committee made up mostly of private bizmen have bn mandatd to raise additional funds from their fellow bizmen and d general public to help these victims. I am pretty certain that the hundred of thousands, if not millions, of Nigerians whose lives hv bn severely affectd by the natural disaster wud not be 'disgustd' but rather estatic.....questn: are you a Nigerian Or just a foo.lish one?

God bless the President for listening to the suggestns of most Nigerians and providing grants to the affectd states and disaster management agencies. The ppl in the affectd flood areas needs all the help they can get now and in the long run. The appointment of a Private sector populatd community to mobilize fund is also sound as they are beta placd to raise and manage funds for the victims from dier fellow bizmen and d general public...Well thought out move; may God bless this nation

romi: To think i had to set a reminder since yesterday to wake up early and listen to GEJ's national address as i thot he wanted to assert his authority about the numerous Security concerns affecting the Nation only for him to waste 10minutes of my precious time announcing how DANGOTE(chairman), ADENUGA (vice), GOVERNORS, E.T.C and Him... Are going to share BILLIONS OF NAIRA all in the name of setting up FLOOD COMMITTEE, Haba Why!!!! SMH

How old are you @OP

So Bakassi is finally gone..so so sad. The best scenario 4 Nigeria now is to encourage d ppl of Bakassi to remain in their ancestral land( resettling them wud be a terrible strategic mistake), insist that Cameroon respect their rights and that they retain their Nigerian citizenships( all these i think are containd in d Greentree Agreement). We must keep d ppl of Bakassi on our side and strive to protect dier rights as Nigerians living in Cameroonian territory as this is the main Leverage we wud have over any future Cameroonian shenanigans in dat region- it wud not only help us negotiate our future interests wit them but wud even give future Nigerian govts a leech to get back d territory if d need really arises yrs from now..... God's grace on our citizens in Bakassi

Gbawe: Tunde Bakare should be careful alternating between Pastor and Politician when it suits him. He cannot, as someone who ran to be Vice President of Nigeria, be "predicting" who has won an election. This is a highly irresponsible action that may lead to chaos given how religious and emotional Nigerians are.

If another Party legitimately defeats Mimiko, some folks may riot to defend the "god-ordained" victory of Mimiko. Nigerian politics need maturity and fairness not religion, fanaticism or emotion. It is not only when ACN replies to Bakare's incendiary antics that people begin commenting negatively about the Party. There should simply be no tolerance for Bakare doing this. If any other Pastor had predicted Bakare would lose an election he will no doubt be the sort to say that is a "rigging plan" that will be resisted with "blood". It is fair to hold every individual/Party responsible for their conducts always. Bakare is totally out of order.

I laugh at Hypocrisy this obvious..so Bakare is now 'totally out of order',abi ?

birdman: Enough of all this posturing. Lets get the merger with CPC on and give GEJ the boot.

I dont know bout giving GEJ d boot- not decided on it yet cos that wud decide on hw he performs b4 2015- but i support and pray 4 d merger bw oppositn parties cos dat wud be very gud 4 our democracy and put everyone on dier toes( and dis is regardless of who eventuali wins). I just wish d oppositn wud be less frivolious and focus on how dis wud work 4 d good of NIGERIA

It has just began...*i laugh* hypocrisy can not hold for too long. Soon those that planned to build their castles on the 'heads'of Nigerians and Nigeria would see those castles go aground and their plans shed to pieces. Soon.

We know the people with Street Cred---- Odumakin(Female), Soyinka, Achebe, Falana etc; not some......

Just to say that this is a GREAT idea. We may begin to prone this forum from the excessive display of emotion and speculation instead of the use of FACTS to attempt to make one's point.. Again, very Great idea; now we can actually share ideas instead of just shouting.

I support the candidatures of SkyBlue and PhysicQED as Judges as someone else did earlier.

luluosas: Anti Corruption Officer Indeed!

Nairalanders, kudos for a job well done. I know that more of these scams will be expose in the near future by reason of our collective commitments. Keep the flags flying as we forge ahead to rid our great country of 'official' corruption.
Hope you all remembered this thread https://www.nairaland.com/1064150/money-job-federal-agencies-presidency

You are right

zibe: If only our justice system would actually be effective.

Put some pressure on the CJN to fulfill her promise and appoint Special Judges for corruption cases, else we wud all be wasting our time( almost) as 'smart' lawyers wud continue to tk advantage of d loopholes in d judicial system to stall cases in d courts...d appointment of these Special judges is arguably d most critical thing that can be done i the fight against corruption in this country and still many ppl dont get it

damola1: When the people do not decide who to elect.

Who told you 'the people' did not decide who to elect? Do you know dat this is d constituency of Jang and his people, who bliv they are in a 'fight against exterminatn' from sm oda people? Do you think they wud eva vote 4 any oda group? You wud do so if you were in dier shoes? Infact, hv d oppositn parties that contestd d electn complaind to you that the electn did not reflect d choices of d majority?

otss: That can only happen in Nigeria. Plutocracy, aristocracy, nepotism mtcheewwwww

Shut yr mouth. You hv not heard of such cases in America, abi?....d lady was nominatd by her party( for reasons best known to them which is their perogative) and won a substantially free-and-fair general electn, so what's d problem again? Sm of u guys just bliv there is some sort of awards in bashing 9ja everytime, even when she doesn't deserve it

Great

,

The Federal Government Thursday disclosed a new regime of tax incentives targeted at supporting local investors in the Nigerian economy as well as to encourage more foreign investment flow into the country.

Minister of Trade and Investment, Mr. Olusegun Aganga, dropped the hint in Lagos at the on-going second edition of the Nigerian International Investment Forum (NIIF) organised by the ministry in collaboration with the Commonwealth Business Council (CBC).
The incentives are coming just as the Group Managing Director/Chief Executive Officer of Access Bank Plc, Mr Aigboje Aig-Imoukhuede, projected that by the end of this year, Nigerian banks would post a total profit to be equivalent to about 10 per cent of the aggregate profit of banks in the European Union.

[b]Explaining the new incentives packaged in the form of tax credits, Aganga said going forward, companies that had invested in the development of infrastructural facilities such as access roads, power plants and water plants in the course of setting up their businesses are now entitled to tax credit of up to 30 per cent of the cost of generating the infrastructure.
Aganga described the initiative as a temporary relief measure [/b]introduced by the federal government to help cushion the debilitating effects of the challenges posed by the lack of infrastructural amenities in the country, which he described as a major setback to the inflow of investments into the country.

Another phase of the tax incentives, according to the minister, which is targeted at employment generation, provides tax reliefs for any employer that hires above 10 staff members.

The minister noted that for any 10 people employed by any company on a particular year, the employer gets tax credit for additional employments with more credits guaranteed if the employees are kept in the organisation further than two years.
“The federal ministry of works is currently working hard on the development of trade related infrastructure with a target time of completion of 2014. But before then we have introduced measures to cushion the effect of infrastructure deficiency one of which provides that any company that has invested in infrastructure will have tax credit of up to 30 per cent of the cost of generating the infrastructure,” he said.

Aganga also noted that the federal government had concluded plans towards fast-tracking the process of company registration in the country to less than 24 hours as has been achieved in Abuja.
He said the first step was to achieve the 24 hours target in Lagos, Kano and Enugu and then ensure that it becomes the norm even when you are registering the company from any other part of the world. He noted that the target for the achievement of the milestone is 2013.

“Investors like MTN took advantage of the opening up of the telecommunications industry in Nigeria while other global players were indecisive. Today those who failed to invest in the sector blame themselves when they see what MTN is making from its Nigerian operation.”

Meanwhile, explaining the comparative trend in profit in Nigeria and Europe, Aig-Imoukhuede, argued that about five years ago when the total profit posted by all European banks was about $60 billion, all the Nigerian banks recorded a combined profit of $386 million.
He, however, noted that in 2011, the figure changed significantly with the combined profit of all Nigerian banks climbing to $1.6 billion compared to an aggregate profit of $52 billion recorded by the European banks.
He said it was safe to project that by the end of 2012 the aggregate profit of all Nigerian banks would easily be up to 10 per cent of the total profit that would be declared by all the European banks.

Aig- Imoukhuede urged investors not to underestimate Nigeria’s economic potential and the profitability of business in the country.
“Nigeria cannot be ignored in the global business and economic scene for four major reasons, which include an extensive market; a rapidly growing economy; a stable political environment and a vibrant media and civil society sector,” he said.

http://www.thisdaylive.com/articles/fg-unveils-new-tax-incentives-for-investors-employers/126920/

The World Bank said Thursday that it expected about $31 billion in Foreign Direct Investment (FDI) inflows to Africa this year, adding that there had been strong investor-interest in the continent.
The bank, also predicted that Nigeria, which is currently the largest regional oil producer, could keep supplying at the 2011 levels for another 41 years, saying that Angola, the second largest producer in the region, had about 21 years remaining at current production levels before its known reserves would be depleted.

The multilateral institution also predicted a 4.8 per cent growth rate for sub-Saharan Africa in 2012, but cautioned countries to be frugal in spending their resources.
The bank, which had forecast a 4.9 per cent growth rate in 2011, said the region remained on track despite setbacks in the global economy.

According to the World Bank’s new Africa’s Pulse, a bi- annual analysis of the issues shaping Africa’s economic prospects, released yesterday, growth in sub-Saharan Africa, apart from South Africa, was forecast to rise to six per cent.
The report noted that African exports had rebounded in the first quarter of 2012, at an annualised pace of 32 per cent, up from 11 per cent 2011.

It, however, noted that African countries were not immune to the recent cases of market volatility occasioned by crisis from the Euro area as well as growth slowdown that is occurring particularly in China, which had remained an important market for Africa’s mineral exporters.

World Bank Vice-President for Africa, Mukhtar Diop, said: "A third of African countries will grow at or above six per cent with some of the fastest growing ones buoyed by new mineral exports such as iron ore in Sierra Leone, uranium and oil in Niger, and by factors such as the return to peace in Cote d’Ivoire, as well as strong growth in countries such as Ethiopia."

The report, further noted that poverty rates in the continent had declined faster than one percentage point a year and for the first time, between 2005 and 2008, the absolute number of people living on $1.25 a day fell while Child mortality had also declined.
It further cautioned that recent spikes in food and grain prices had become worrisome given that Africa’s Sahel region was already suffering from higher food prices, high rates of malnutrition and recurring crisis and insecurity.

It stated further that unprecedented hot and dry summer in the United States, Russia and Eastern Europe had led to reduced yields on both maize and wheat production worldwide.

The report added that new discoveries of oil, gas, and other minerals in the continent would generate a wave of significant mineral wealth in the region.

World Bank’s Chief Economist for Africa, and lead author of Africa’s Pulse, Shantayanan Devarajan, said: “Resource-rich African countries have to make the conscious choice to invest in better health, education, and jobs, and less poverty for their people because it will not happen automatically when countries strike it rich.”

http://www.thisdaylive.com/articles/wbank-nigerias-oil-resources-may-last-41-years/126921/