₦airaland Forum

sparkleRed:
Only if this man can be given a say*deep sigh* if it was me I will just jejely resign be4 those abo.ki me.

Resign ke? He hope to be accidental president one day, just like Yara'dua scenario.

Lalasticlala come and do justice to this thread

SeverusSnape:
Not just an NL member, but a staunch anti-buharist and anti-APC.

OK! We are in the same lane.

SeverusSnape:
Do you know me

Yes, you're a NL member.

SeverusSnape:
Lie
https://m1ek.dahmus.org/wp-content/uploads/2014/02/Lie-stamp.jpg

Lie because it does suit your taste of news

All the Baboons and Monkeys above should stop attacking the OP, he raised valid questions and aired his view.

You robots should get life and use your God given brain to think like a normal human being.

Following...

Follow following...

yorubatic:
To my fetish sophisticated yoruba people logic, benin republic is deluded for not merging with Nigeria, Togo is deluded for not merging with nigeria, even ghana, niger, chat and etc are all deluded for not merging with nigeria. ...and Biafrans are deluded for wanting to part ways with nigeria, But
Yorubas are wise for pepertual servitude to the Hausa / Fulani. ...truly my fetish people are born clowns and Hausa / Fulani slave

Since this change, change mantra started , I have found out that my fetish yoruba people who chant the change mantra loudest are still the same evil people protesting and crying because of hunger. ...what is wrong with my evil yoruba people...my yoruba people are truly cursed to be slaves of Hausa-Fulani forever

yorubatic I see you

OP,

Edo is not part of Biafra, we don't need Edo people in Biafra. Allow other SS ethnic groups to speak for themselves in the Biafra struggle, you can't decide for them.

christinie:
I spent about 3 hours yesterday at Zenith Bank because they had only one cashier issuing out money to their customers.


All the other cashiers had been sacked.




Welcome to change!!!

That's the real CHANGE they demand for, so they should enjoy negative effects while it last

jaybee3:
So few thousands lost jobs and their respective families thrown into high degrees of bother as a direct result of the TSA policy.

We agree that it's one of the disadvantages of introducing such policy in tough economic climate but what about the advantages:

Millions more will hopefully feel the effect of good governance as well as provision of basic infrastructure due to the obvious resultant effect of closing avenues that govt departments have been using to siphon money.

It will force the banks to reduce their dependency of govt departments deposits and in turn ensure they become innovative on their business models which will hopefully strenghtne their ethics and best practices.

Excerpts from IMF paper => https://www.imf.org/external/pubs/ft/wp/2010/wp10143.pdf
"
The primary objective of a TSA is to ensure effective aggregate control over government cash balances. The consolidation of cash resources through a TSA arrangement facilitates government cash management by minimizing borrowing costs.5 In the absence of a TSA, idle balances are maintained in several bank accounts.6 Effective aggregate control of cash is also a key element in monetary and budget management.

There are other objectives for setting up a TSA. They include: minimizing transaction costs during budget execution, notably by controlling the delay in the remittance of government revenues (both tax and nontax) by collecting banks, and making rapid payments of government expenses; facilitating reconciliation between banking and accounting data; efficient control and monitoring of funds allocated to various government agencies; and facilitating better coordination with the monetary policy implementation.
The benefits of a TSA flow from its objectives:

Allows complete and timely information on government cash resources. In countries with advanced payment and settlement systems and an Integrated Financial Management Information System (IFMIS) with adequate interfaces with the banking system, this information will be available in real time. As a minimum, complete updated balances should be available daily.

Improves appropriation control. The TSA ensures that the MoF has full control over budget allocations, and strengthens the authority of the budget appropriation. When separate bank accounts are maintained, the result is often a fragmented system, where funds provided for budgetary appropriations are augmented by additional cash resources that become available through various creative, often extrabudgetary, measures.

Improves operational control during budget execution. When the treasury has full information about cash resources, it can plan and implement budget execution in an efficient, transparent, and reliable manner. The existence of uncertainty regarding whether the treasury will have sufficient funds to finance programmed expenditures may lead to sub-optimal behavior by budget entities, such as exaggerating their estimates for cash needs or channeling expenditures through off-budget arrangements.

Enables efficient cash management. A TSA facilitates regular monitoring of government cash balances. It also enables higher quality cash outturn analysis to be undertaken (e.g., identifying causal factors of variances and distinguishing causal factors from random variations in cash balances).

Reduces bank fees and transaction costs. Reducing the number of bank accounts results in lower administrative cost for the government for maintaining these accounts, including the cost associated with bank reconciliation, and reduced banking fees.

Facilitates efficient payment mechanisms. A TSA ensures that there is no ambiguity regarding the volume or the location of the government funds, and makes it possible to monitor payment mechanisms precisely. It can result in substantially lower transaction costs because of economies of scale in processing payments. The establishment of a TSA is usually combined with elimination of the “float” in the banking and the payment systems, and the introduction of transparent fee and penalty structures for payment services. Many governments have achieved substantial reductions in their real cost of banking services by introducing a TSA.

Improves bank reconciliation and quality of fiscal data. A TSA allows for effective reconciliation between the government accounting systems and cash flow statements from the banking system. This reduces the risk of errors in reconciliation processes, and improves the timeliness and quality of the fiscal accounts.

Lowers liquidity reserve needs. A TSA reduces the volatility of cash flows through the treasury, thus allowing it to maintain a lower cash reserve/buffer to meet unexpected fiscal volatility."

Epistle

BushidoBlue:
Seems someone didnt send this guy the memo on Democracy

I'm not sure

frankyychiji:
Where is your evidence that Madam NOI said 6million workers have been pencilled down for sack? If you don't provide it ehh....

Pls help me ask the guy ooo.

Osun people should enjoy CHANGE while it lasts.

milkymesh:
Do you mean all those sacked actually voted for PMB? Let's be real nor.

Not all, but majority. Even the construction workers are paying the price for voting CHANGE in.

soe:
MuMu OP...for your info, it was Madam Okonjo Iweala that stated that we were in times of AUSTERITY MEASURES, 6 Million workers had been penciled for sack.

PMB rescued the situation immediately he took over, now, no govt. worker lost any job due to bailout fnds and a miraculously progressing economy, the impact on the private sector was highly cushioned.

So yes, if GEJ had won the election, Nigeria would have gone to the toilets....i remember Ngozi saying "oooo we are broke, I am having high BP trying to figure out where else to go and borrow money from"

One trait of Janjaweeeds, and Monkeys and Baboons is that, they insult you when you raise a valid point.

christinie:
Tell them dear.
I got no pity for all the morons who voted good GEJ out. They will suffer and smile for four years.

My dear, I don't have pity for anyone who lost his or her job. They all voted for CHANGE.

The post above is meant for those who lost their job after voting for CHANGE.

The Fate of:
-The 320 Unity Bank sacked bankers
-The 1,200 Zenith Bank sacked bankers
-The 800 Access Bank sacked bankers
-And the 400 Mainstreet (now Skye bank) sacked bankers.
#BeTheJudge.

You worked in the bank in the past five years that GEJ was president, you had no issues with your job. Instead, you received promotions and increased salary packages. You were happy.
However, in those five years, you committed a lot of energy calling President GEJ "clueless". You and your friends resolved to vote him out on the election day. When the d-day finally came, you all voted out GEJ, not minding who was going to replace him since, according to you, a "# NEPAbillCertificate" would be far more efficient than GEJ. In fact you even preferred a goat to GEJ.

Finally, you got your wish and GEJ is out and a "body language Administration" is now in place. Three months later, your bank fires you due to the Stone Age economic policies of the body language regime.

Now that you're jobless, you are looking for GEJ to blame but he is gone.

Moral Lesson: most misfortunes are self inflicted. Food for thought. Happy Sunday everybody.

Best Bonn


https://s10.postimg.org/dhzo7muq1/HMA_728x90.gif

.

Most of us are guilty of this offence when were kid

Leaders of tomorrow

@OP,
It's deceitful to give GEJ glory to Buhari.

Cheiiiii... Baboons & Monkeys will get heart attack because of Biafra ooo.

We're back to military regime, dictatorship at it peak.

mekaboy:
Where will our money be? Nigerian or biafran banks? What about police and army? Imagine Biafran nation without police or security for a just a year. Free for all looting of shops.

What of igbo muslims? Im sure they wont be in the country.

Who will decide how much our currency exchage to naira or dollars? Or r we going to be using Naira?

What about court, i guess there wont be need for a court since there is no law enforcement agency.

What about all those jobless people who carry the biafra issue for head, what will their position be in government?

You will get heart attack because of Biafra matter.

What happened in Osogbo?