₦airaland Forum

Remain Edo. Osho is alredy goin wit her Iara as pension.

Jombojombo:
PDP ti take over!

From Bayelsa to Rivers to FCT to Osun; back to back & to back

NgeneUkwenu how far

U v quickly 4goten dat same PdP handed over peacefully to ur baboon buhari- a confused candidate had no plan on hw 2 govern dan to travel around. I heard aftr China, he z goin 2 holland.

phantonce:
While APC is allowing the will of the people to prevail, PDP raped us of that opportunity for 16 years.




This is the true meaning of democracy.

Be like say ur family members nids 2 be killed by dem fulani b4 u undstnd d situation. Y wld any stranger come 2 ur hse n take over n even kills u 4 u 2 be out of d way. Beta be carefl wat u type. Hw many southerners hv gone 2 d north n destroyed farmlands owned by hausas. Anyway, d advantage of is it accelerates d division of d country. Let d civil war kukuma start.

Aufbauh:
These people are taken their hate and bitterness for the hausa-fulani too far. I hope they understand the ripple effects of such acts...
They will always draw the first blood and scream victims when the effects of their actions begin to show up. They should be careful!

And d murderous fulani herdsmen r wat? A peaceful movement?

bloodyBLOGGER:
who doesn't know IPOB is a terrorist organization?

He z only bn sarcastic. Get it? Aftrall no be d clueless buhari name him vp 'osunbade'?

farem:
Your intelligence level is so low that you need nursery pupils to help you with correct spelling of your vp.

Go and achieve that first.

U manage charge fone ba?

Keneking:
Welcome sir

Only God knows d role of dat cripple. Tho I hardly beliv d police cos I see all dis pic thing as PR stunt

gulfer:
Was going to type exactly this......

Hmmm

duduade:
Did he make enquiries from people before coming here to post that it was a State University.. He didn't..

There was a thread on this school here on Nairaland where the OP raised issues on Adams and this school... The location of the school been political et al., I am not from Edo State.. But the person did raise concerning issues... I was opportuned to ask someone who stays amd works in the education system in that State since I was of the opinion that it was a Government School.. But instead I was made to understand that was how it was going to be operated. Did the OP try to embark on findings? Hell no...

Look at State Universities like Osun State University... Olabisi Onabanjo University Ago-Iwoye... How much do they pay... Fine the one of Iyamo is quite expensive but why come here to complain when he already said he was going abroad to study.... And as a new school so many things will have to be put in place with the students school fees....

Even if you complain from now to next year people will continue to enrol in that university..

Look before you take a leap....

Observe d woman. She z enjoyin d spotlight

UrennaNkoli:
The woman sef go dey feel embarrassed.
The guy with yellow shirt and red cap go just craze for nothing. See as he just dey happy because of brèast.

Cld u enlighten us more on d public-private partnership cos d op said it's owned by d state govt otherwise, stop acting insensitive

duduade:
The school is 70% private and 30% state...

What do you mean by waste of time...? Look nobody is forcing you.. You can go school in Ghana after all it's also "abroad".....

If you think you are going to receive sympathy from here you better wake up...

Or Berra still write Jamb again and get a very hard score and proceed with your post-jamb....

Bros, d news is coming from Lie mohammed so I dnt beliv a thing he says. 2ndly, if a leader truly feels d pain of citizens, y is he heading out to China for sumtin a minister cld do. So stop living in self-denial. Hv I added dat d fulani herdsmen r on killing spree n a pain_feeling president is silent. Abi na wen dem kill ur family member u go knw hw far?

Freeworldbutfre:
To lead is not easy thanks to God that we hav a Leader that feel our pains. Just 11 months of leadership we are comparing it with 6yrs on single person and 16yrs on entire group. To rebuild the old house that has no good foundation take a little bit time.
To put in place. Democracy is a process not an order. Never in Nigeria history u have a national assembly were d opposition hav such number.
And u know dey can do everything to stop d light shining and all of us are seeing it.
Lets keep praying for his good intentions towards Nigerians

It's comin frm Lie mohammed. So believe him @ ur own peril

Akshow:
Oga do something fast

It's nt ok

Add omenka too

sdindan:
fulanimafia, stop viewing the topic.


Say something even if is sai Baba as a chief zombie.


Please where's that 40yrs old virgin, NgeneUkwenu.

Fuel de d dress?

OK. Rechargeable. E de use power bank?

Yea I saw 3days ago tryin 2 charge his fone @ nearby barbershop. Also he cldnt get enuf fuel to power his gen. D only thing he manages to type is 'amazing' as fone ba3 no de full . So for now, dats d story of keneking

STFUand4kMeHARD:
Very APT. But will a mindless Zombie be able to process this?
Lalasticlala , have you seen keneking today?

Na their type still thinks they r too righteous n dat Christ came to die for the righteous. Am sure he z holiest of holies. Jst leave him to his opinion

demoore1:
PLEASE TELL US YOUR CHURCHS POSITION ON THIS...EXCOMMUNICATE THEM I GUES...?

If we wr judged by God based on old testament laws, u and I won't be alive. Na grace of new testament laws as based on love by Christ is d only reason y both of us can type n comment dis day.

danjumakolo:
I was thinking the laws are clearly stated in the old testament

Am sure u ddnt read d post otherwise u won't hv called him lazy. Read pls, it pays

Bluffly:
He should kill himself first. Only then we will take him serious. Lazy man

because he knows Nigerians can't do anythn. Nigerians only fit make mouth, no action

tomakint:
Oya accursed soul let's go there......I swear nobody go beg you to resign if that seat na Emirate you go tell us very soon. Imagine this shameless rogue with his flagrant display of effrontery before the public glare. Animal buruku....

Plus d late's minister's position is still vacant

drslimtommy:
Buhari is doing well?
Ok kontinue...
New Talk of d town ; party of blame
have u blamed jonathan today?

U will be surprised dat d same ppl suffering diz hardships will be d 1s hailing dem wen they come around and u say they(d politicians) shld tk us serious. They never will. But d moment they r bn stoned, they ll be afraid 2 com around especially if they v nt performed well.

TheFreeOne:
Ameachi once advised nigerians to stone politicians including himself. Seems the time for action is now.

...and also makes buhari as 'most responsible' for d failure of power sector. So bros, we ultimately blame buhari as he has failed. Aftrall, wen d tenure jst started n d power was a bit stable, we all said it's buhari's body language. No1 said it's fashola's body language. Nw dat it has gone bad, it's now 'buhari's body odour' dat caused it.

tmel2:
I really don't know when we'll start commenting without doing so base on sentiment and emotion. The man said "YOU and I"; which include himself. After all, that is his ministry and those who he referred to as YOU work under this same ministry. Fashola is only attributing the faults and those responsible for providing electricity, which makes him more responsible.

Until we begin 2 stone dem n nt hailing dem

TheFreeOne:
Its my fault abi? Does he even know the buck stops at his table?

This govt hasn't realize Nigerians aren't smiling.

U knw wat to do. U too seduce women n hv a foursome or u divorce her cos u dnt call her ur wife anymore since she desires 2 be wit other men. Dis I v said, u knw alredy. I dnt knw y u came seekin hlp online ans wen u wr enjoyin her, u nor tel us.

lebroske:
Dear nairalanders, please i need your advice on what to do. My wife had been seducing men in the compound where we live lately. We are just newly married, less than a year now. We live in a story building and the windows are made in glasses. One could easily see through them especially in the night. So, what she does is each time she finishes taking her birth, she exposes her body knowing quit well that men around can see her through the window. She does it in the morning, during the day when she notices that i am not around and in the night.

The day i discovered, i confronted her, she said it was her body that it was not none of my business. Though we were quarreling before then. But i knew that was not the first time, she has been doing it before because each time i open the windows in the morning, i always notice that people(men) will just be looking towards my direction. I kept wondering what they were looking at until the day i discovered.

Dear nairalanders, what can i do to make her stop it. Because its getting out of hand. Now she hides and do it and she knows i am not happy with her now.
Great nairalanders, please i need your advice. Thank you

So enlighten us more on dis proposed intellectual revolution

Akshow:
There you are, fighting, insulting, killing and destroying in their names, while their kids get robust education, jobs, gifts and properties you have ever wished for. Living your dreams on your behalf. Subject you to eternal envy. with your support..... ~There they are looting the national treasure, sharing it among themselves. They are in the competition of 'The Best At Looting'. They rape the national treasure and ejaculate the waste on you the ignorants, while you trek, make use of public transports, resort to crime for survival, e.t.c. But they sleep and wake in what belongs to you, yet, with your support...... ~They send you to kill, maim, harass, protest, assassinate, campaign, rig. You get to your rented apartment, dodge landlord enter, cause you haven't paid the rent, with several responsibilities awaiting you e.t.c, but they will never be at the battle front, yet they go to their mansions, relax in expensive jacuzzi, with wines expensive enough to start you a career, they reach for their expensive gadgets, and check their over-filled accounts, the profit they have made from your stupidity, unfortunately with your support..... ~You struggle for a job, some of you get one with peanut salaries that will be owed for months before you get paid, you scream, wail, shout, stress your vocal cord before they consider paying you. While their kids never get stressed for jobs, they have been getting paid even before they were born(ghost workers). Each one of them gets a month salary x2 your annual salary, again with your support. CBN secret/partial recruitment comes to mind. Oh! I forgot, them pikin get brain pass you! Abi no be so? ~You take sides when they throw unreal tantrums at each other. You fight your brothers and sisters on social media(oh I forgot! They are not your brothers and sisters, he is not from your tribe, he doesn't practise your religion, he is APC, ayam PDP, because they said so? issokay, kwontunu). But what comes to your mind when you see them laughing? Does the picture of those you have insulted, killed, destroyed with the words of your mouth comes to your mind? They become friends(like they really fought before) laugh at your ignorance. They have won again, no be you support am? Have you seen Obasanjo and Madam Patience recent pictures? Where dm two dey groove? When you groove last? Ok la, na fake jor. You don hear sey Aluko and Fayose don reconcile? Wait for Wike and Amaechi. They use you to achieve their wants and needs. Well done to you. ~You defend Tinubu abi, when him mama die as the Iyaloja of the whole Lagos State, your mama no get brain to lead na abi?, so he went for his daughter to become the new iyaloja (just imagine). Hmmm! Good. How many dignitaries attended your wedding? But Jonathan's Daughter received over 50 exotic cars. Na lie, na cheap propaganda. Infact na toys them give her. What a shame, on you na. ~They ruled your father, they are still ruling you, their kids are beginning to rule you as well, and maybe rule your born and unborn kids, with your support. Abi no be you dey vote for them? On election days, you risk your life and properties just to get them back to office. What have you been receiving since you've been voting? Nada. Yet you go still vote ooo. So pathetic................ -You struggle everyday, queue for fuel, enjoy interrupted electricity, but they don't feel this. While you run after public transports, Dino Melaye and his cohorts flaunts their wealth in your face, ride exotic machines. Oh! It's the lord's blessing, and na satan curse dey upon you abi? Issorite. ~they make use of religious tactics, they use our Pastors and Imams to divide us, oh I remember! They are Men of God, and you are Men of Devil? They spit from their private Jets, it lands on you while you're on your private Okada. Kwontunu. ~the problem of this country is not the few crooked pot-bellied leaders(looters), but the teeming foolish masses. Until we realize the battle is "we" against the "elites", things will never get better. Support intellectual revolution, supp

It pays 2 read

haywire1:
What's this one saying

Can someone summarize

#

Hunger perpetuated by d current govt

Marvel1206:
Hungry people.. smh

Lobatan. B4 u knw, u ll see 'fake Magu' or 'Fake buhari'.

Jst de blow grammar js2 confuse/distract us. Pls let d practical wrk start. D average Nigerian wants to see d evidence of gud living n not all dis finance jargons bn reeled out. If I had d basic needs of life, u tink I care abt d percentage of GDP n d rest?

FinanceNigeria:
Financing our future
By Kemi Adeosun

Writing this, my third article on the economy, I’m keenly aware that the question Nigerians want answered is: what is government doing to address our economic challenges? The first thing to state is that there are no quick fixes, but our strategy is clear and the expected outcomes are pretty compelling. Our immediate economic imperative is to provide a Keynesian stimulus to reflate the economy. The 2016 focus is underpinned by a desire to radically reposition Nigeria’s economy. This administration believes very strongly that the previous direction was far from optimal. We are pursuing a fresh direction consistent with our belief in building a resilient economy.

The strategy itself is worth reiterating. The 2016 Budget is being debt funded and the borrowings are targeted at the financing of capital projects to address the infrastructure deficit, create jobs and build the platform for optimisation of the non-oil economy that will see Nigeria prosper. To this end, we have commenced an aggressive programme of fiscal housekeeping: increasing revenues and reducing recurrent expenses. This will ensure that we move towards our objective of financing recurrent expenditure from revenue, rather than borrowing as obtained before now.

In addition, we have signalled through our financial decisions that we are moving away from oil. Government investment in oil will be limited. We are inviting private sector participation in the funding of cash calls for our Joint Ventures rather than tapping the Federation Account. This is guaranteed to improve our cash flow. As I have stated previously, oil is important but oil is not enough. Therefore, if faced with an option to invest borrowed funds in our railways or power or fund oil cash calls, we will strategically fund non-oil. This is in the knowledge that there are private sector solutions to the funding needed for oil, but few sources other than government for investment in physical infrastructure.

The debate about whether Nigeria should borrow is well intentioned and cannot be dismissed without careful analysis, given our antecedents as a nation. I am in agreement with those who argue that Nigeria should not borrow simply because its debt to GDP level is low enough to accommodate such borrowing. There must be a clear business case backed by justifiable benefits. I believe that Nigeria has such a case at the present time. Simply put, we need capital investment to grow our economy. At 13% debt to GDP, we compare favourably with the threshold of 30% for developing economies. Our low debt to GDP ratio is not exactly a positive attainment because it is accompanied by critically low level of infrastructure investment. It is actually a false economy. Low capital formation is a risk which, if uncorrected, hinders future economic growth and this is already evident.

Borrowing, as we propose, will increase debt to GDP to 16% and still leave us significantly lower than our peer group including Ghana at 70%, South Africa at 50% (2015) and Angola at 31% (2014). Appropriate levels of fiscal deficit have been used to grow many of the most successful global economies. As ours develops, our sources of revenue will grow, diversify, and become less susceptible to external shocks. Our need to borrow will reduce accordingly. It’s important to note that capital spending creates an asset, and this gives a return over time in the form of growth. Infrastructural projects such as rail and roads create jobs, generate taxes and stimulate further spending. This is the economic multiplier effect that capital spending brings. Therefore, while an increase in public spending may create a deficit in the short term, the resultant increase in productivity will lead to a higher rate of economic growth and greater tax revenues. According to the International Finance Corporation (IFC), for every one billion US dollars invested in infrastructure in developing economies, between 49,000 and 110,000 jobs are created.

Our borrowing policy will remain conservative and will see us access the lowest available funds, hence our decision to approach multilateral agencies in the first instance, for budget support at concessional rates as low as 1.5% per annum. We have also secured commitments from Export Credit Agencies that are tied to specific capital projects including key initiatives in power, transport and other infrastructure, and at semi-concessional rates. The balance will be sourced commercially to create a blended cost of capital that’s as low as possible. We are addressing the relatively high debt service to revenue ratio which saw 28.1% of our 2015 revenues devoted to debt. This will be done through a systematic restructuring of inherited debt portfolio into a profile that is aligned with our medium term outlook as well as an increase in our revenues.
Borrowing is not our primary focus. Increasing our Internally Generated Revenue is critical because it is sustainable; and because much of the funds collected went unremitted to Government – something we are tackling now. Our Revenue Team holds daily revenue sessions with MDAs during which clear targets are set and agreed; monitoring and evaluation are continuous. We are deploying cash-less revenue collection processes in our high earning agencies to ensure maximisation of our receipts. We are working through Treasury Single Account balances with a view to identifying monies that can potentially be used to fund the budget and reduce borrowing.

Other costly leakages are being blocked. We have completed a detailed review of tax and duty waivers and discovered that in some cases, Nigeria lost significant revenues and with limited benefits. We are set to begin consultations with stakeholders on a revised policy aligned with the best interests of Nigeria.

Furthermore, we are identifying funds that can be released from hitherto untapped sources, including idle and underutilised government assets that have commercial potential including real estate. To this end, Ministry of Finance Incorporated (MOFI) is to become a professionally operated Asset Manager, rather than a passive holder of government assets. It will be actively managed to ‘sweat’ Nigeria’s very valuable global asset portfolio. This will generate earnings and constitute additional budget funding.

Gradually and with the requisite safeguards, we will authorise the investment of part of the estimated N6Tn currently held in pension funds into key infrastructure that will provide workers with higher returns on their pension funds while enhancing capital formation and economic growth. Nigeria’s first ever Project Tied Infrastructure Bonds are being designed. These are novel structures that will see borrowings tied to specific revenue generating projects, bringing private sector financial discipline to the project structuring and delivery process, thereby improving value.
Our first quarter-planned release of N350Bn is ready and is sure to have significant impact, in addition to exploring opportunities to reduce contract prices. Our conditions for release of funds are clear and the mandate is a simple one: to define and agree the number of Nigerians to be engaged as a result of this funding. Priority will be given, without apology, to those creating jobs and opportunity for Nigerians. This level of investment, predominantly capital, exceeds the total capital spend for the whole of 2015 and the tempo will be sustained until the green shoots of recovery begin to appear.

John Maynard Keynes’ famous quote on fiscal stimulus - that when economies are depressed, “Government should pay one man to dig a hole and pay another to fill it back” - is an extreme example and suggests an economic benefit in seemingly pointless activity. In Nigeria’s case, the activity to be triggered will be a fully productive one. We will pay men and women to meet our critical needs in power, transport, housing, agriculture, solid minerals, health and education - and lay the foundation for a collective future that is more positive than our current situation may suggest.
One of Nigeria’s greatest strengths is the resilience of her people. Even beyond our shores it is widely acknowledged that if you can survive in Nigeria, you can thrive anywhere. Our ability to overcome obstacles and our ingenuity in exploiting opportunities, are legendary; our economic policy will ensure more of us succeed in creating wealth. There is sufficient diversity of opportunity which our capital investment can unlock. We will always celebrate the emergence of billionaires, of course, but we recognise that a thousand millionaires have greater fiscal impact. Therefore, where the number of private jets was touted in the past as a measure of success, we will take pride in the number of people lifted out of poverty, and the number of new jobs created.

The idea that Nigeria can succeed this time is, for some, unthinkable. But for those of us privileged to be part of this determinedly patriotic team led by President Muhammadu Buhari, it is and will be possible.

Mrs. Kemi Adeosun is the Honourable Minister of Finance, Federal Republic of Nigeria.

Follow the Federal Ministry of Finance on Twitter:

https://twitter.com/FinanceNigeria

Like the Federal Ministry of Finance on Facebook:

https://www.facebook.com/FinanceNigeria/

Rili? Wat clear strategy ? D 1 dat a minister will tell us n d president says sumtin else n d Apc oga Lie(Lai) later denies.

Topeakintola:
Very robust analysis and sets a well thought out strategy to solve Nigeria's economic problems

God Bless Kemi


God bless PMB

God bless Nigeria