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PoliticsRe: Prophecy Was Made That I Will Be Vice President – Osinbajo by Whynotthetruth(m): 5:10pm On Oct 10, 2015
Nellybii:
Honestly what exactly were you benefitting from GEJ that has stopped now? Why do you display so much hatred for anything about this administration?
All of you suddenly turned patriots and good preachers now...APC from topmost down showed us that NO RESPECT should be reserved for presidents and our leaders...NOTHING can stop it now or tomorrow.... sorry
Nairaland GeneralRe: Photos Of Me Patching My Street With Cement And Gravel by Whynotthetruth(m): 2:24pm On Oct 10, 2015
Kudos Op ...more blessings Amen
PoliticsRe: Nigeria Loses $966m To Crude Oil Swap Deal – NEITI by Whynotthetruth(m): 1:35pm On Oct 10, 2015
coolbis:
did you even read what you wrote before you posted it. If we were in a saner clime, the clueless guy should be cooling his feet in kirikiri maximum prison. What has oil swap got to do with subsidy removal. You had better move on and pray you make something good out of your life, you are too young to be a perpetual attcking dog for any politician.
..smh... how ignorant folks form professors here...Why insult bitterleafsoup when you know nothing ...

Oil swap came to be because of dysfunctional refineries... hence crude is exchanged for refined products which are subject to subsidy...

Subsidy removal as requested by Jonathan would have led to deregulation of downstream sector... thereby allowing more refineries(death to oil import cum oil swap); to spring up as that sector is liberated from government interference, since market forces will determine prices of petroleum products... It gives room for more investment and healthy competition among interest groups there...
PoliticsRe: Nigeria Loses $966m To Crude Oil Swap Deal – NEITI by Whynotthetruth(m): 1:21pm On Oct 10, 2015
[s]“This reduction may be due to the January 2012 national protest against oil subsidy,” Orji said[/s].

The above cancelled is a big lie...Nigeria protested in support of subsidy not against ...
PoliticsRe: How Ghanaian, Kevin Okyere Made Billions In Nigerian's Petroleum Sector by Whynotthetruth(m): 12:07pm On Oct 10, 2015
abbk000:
[s]Every physician has his favourite ailment, as ladies of easy virtue their fondest tricks. A horrid vice endears itself to its patron. Like a terminal disease, Kevin Okyere, proprietor of Springfield Oil and Gas dug his claws into the heart of the Nigerian petroleum sector, leaving monumental loss and tragedy in his wake. 

It was an open secret that Kevin was a favourite contractor with the Nigerian National Petroleum Corporation (NNPC) and that was because he enjoyed a soft spot in the heart of Diezani Alison-Madueke, Nigeria's former petroleum minister.

It was common knowledge within government circles that Kevin not only ran a ‘kitchen cabinet’ with Diezani, he also secured multiple mouth-watering deals from her.

So pronounced was his influence that the situation soon gave rise to a common joke within NNPC. Each time any deal is brought to Diezani she would subtly chip in: “I think Kevin can do it, I trust him. Let’s give it to him.”

That Diezani Alison-Madueke made a lot of men billionaires is no longer news. The former Nigerian Petroleum Minister is an alluring bulk of beauty, brains and a shining loveliness that attracts the best and most glamorous of the male pack to her, as pollen nectar draws butterflies to its sweetness.

Kevin made a lot of money through Diezani no doubt and by the proceeds, he lived a charmed life. So sensational and pleasurable was his life that he persistently elicited feelings of envy among his peers back home in Ghana. Watching Kevin feed fat on the Nigerian oil industry made many of his friends and business associates in Ghana green with envy.

Nonetheless, Kelvin, a Ghanaian, aided by Diezani fattened his hide and his bank account from several shady deals in the oil sector. While Nigerians groaned under a crushing economic climate accentuated by dwindling oil revenue, Kelvin, according to investigations, was part of the reprehensible oil cartel that plundered the nation’s oil wealth and plunged Nigerians into gritting impoverishment and agony.

There was no respite in sight for millions of impoverished Nigerians on the receiving end of Kelvin and Diezani's unholy alliance and that was because former President Goodluck Jonathan allegedly benefited from their shady deals while he was in power . The former president was allegedly a beneficiary of the illicit but lucrative oil deals brokered Diezani and Kelvin.

A young man with fine epicurean and exquisite sartorial tastes, Kelvin’s relocation to Nigeria from Ghana many years back opened him up to a higher level of social exploration. From Dubai to Miami and everywhere else with sandy beaches, poplar-lined esplanades and beautiful women, Kelvin was there in his full glory. And he was never coy about showing off his life on the fast lane, especially his penchant for champagne on wild boat cruises.  So we heard.

http://www.thecapital.ng/index.php/home/3068-saboteur-how-ghanaian



cc:lalasticlala[/s]
All these blackmails need to stop...And Seun mods move these dirty rants to FP always... Is any there allegation or tangible case of corruption contained in this write up? Are Other companies doing jobs in Nigeria like Julius Berger indigenous? What's this guys crime so far?
PoliticsRe: Jonathan, Guebuza To Lead Election Observers by Whynotthetruth(m): 11:36am On Oct 09, 2015
Kudos Jonathan ...Plz which International Organization recognized BUhari between 1985 he left government and 2015 he came back for ANY sort of world or international assignmenthuh ...
PoliticsRe: Delta State: N773 Billion Debt. Largest In Nigeria. What Was Done With The Debt? by Whynotthetruth(m): 11:40pm On Oct 08, 2015
...“Perhaps the Vice President-elect avoided the details so as not to expose the fact that the APC controlled Lagos state has both the highest external debt stock of $1,169, billion as well as the highest domestic debt stock of N278, 867 billion.

https://www.nairaland.com/2336408/apc-controlled-lagos-state-both

http://www..com/talk/topic,173274.0.html
PoliticsRe: Power Generation Drops By 1,100mw As Egbin Workers’ Crisis Persist by Whynotthetruth(m): 9:41pm On Oct 08, 2015
EMANY01:
I just dey look the idiots all of them.
Egbin LIKE ANY OTHER POWER STATION, has multiple generating units and each of them has the ability to evacuate power generated individually.
In the case of Egbin there are six(6) such generating units each of them with 200 Mega Watt electricity production capaciity,one of which was damaged in an explosive accident in 2006 and only brought back to service and commissioned by President Goodluck Jonathan in February or march this year bringing Egbin to its full capacity (of 1200Mega Watts) for the first time in NINE(9) YEARS.
Now you have to know that in power systems we rarely ( if ever ) run all generating plants at maximum capacity so we derate
(Derating is a technique usually employed in electrical power and electronic devices, wherein the devices are operated at less than their rated maximum power)
Which explains the stated generating capacity of 1100Mega Watts.
What's my point?
In 2009 one generating unit experienced a partial prompt catastrophic rapid disassembly yet the plant (the remaining 5 units) was/were still generating electricity albeit at diminished capacity.
There isn't one single unit some fool can throw a spanner or whatever into and shut the whole plant down.
The people peddling that story and especially the journalist and editor who published it have no business around any industrial environment to say the least of a power station so either they lied or they are just as ignorant and idiotic as those on this thread who bought into this bullsh1t story.

Mind that i do not dispute the claim of sabotage , i am just saying that the narrative currently going around is wackd.

But what do i know, ignorant idiotic people elected an even more ignorant fella as president so.......
Thanks for this explanation... It did add to my knowledge base ...
PoliticsRe: Tribunal Nullifies Election Of PDP Rep For Lack Of Educational Qualification by Whynotthetruth(m): 8:06pm On Oct 07, 2015
[quote author=dridowu post=38760898

PHOTOS: President Buhari With His Former
Classmate

https://www.nairaland.com/2470443/photos-president-buhari-former-classmates[/quote]The judgement was based on; “The issue we consider is that why should the first respondent who should possess the originals of the certificate, shy away from testifying or from producing the originals of the certificates,’ NOT pictures of his classmates gringrin
PoliticsRe: Power Generation Drops By 1,100mw As Egbin Workers’ Crisis Persist by Whynotthetruth(m): 5:00pm On Oct 07, 2015
Obiagelli:
U want to convince me to the contrary?
It doesn't look sensible to me that with all the security there and the magnitude of a power plant that a mere object could be dropped to stop the plant ...And to even think the anonymous ex employee succeeded without any confrontation cheesy
PoliticsRe: Power Generation Drops By 1,100mw As Egbin Workers’ Crisis Persist by Whynotthetruth(m): 4:39pm On Oct 07, 2015
Obiagelli:
Direct your stupidity at thisday
But you swallowed it hook line and sinker because it supported your political belief for now without questioning thisday cheesy
PoliticsRe: Power Generation Drops By 1,100mw As Egbin Workers’ Crisis Persist by Whynotthetruth(m): 3:27pm On Oct 07, 2015
francizy:
Una no dey shame? Chai!

Isn't it pathetic that with just one man throwing an object into the power plant made it trip off and subsequently, that one object cause a massive 1,100 MW drop in power supply? When you sell you soul for peanuts, you no longer make sense. Abi na juju e throw put inside ni? All hail APC!

I saw queues at different filling stations yesterday, hope someone didn't throw stones again.. grin

Cc, Kaboninc, Wthetruth, TonyeBarcanister, DearPreye, Truckpusher, Anonimi, Firefire, a beg make una come help me judge stupidity oh!! grin grin grin
cheesygringringrin Maybe juju full the object thrown into the plant ...
PoliticsRe: The Acts Of King Bubu Son Of Hari Chapter 2: 1-32 (A Political Satire) by Whynotthetruth(m): 10:56am On Oct 07, 2015
PointB:
The Acts of King Bubu son of Hari Chapter 2: 1-32
1 And when the son of Hari the cattle rearer had become King over the people, he made a decree saying thus, “O good people hearken! Behold I am your King now. I am beholden to no one and I am beholden to everyone. Thou shall no longer call me Emperor, but thou shall call me King Bubu son of Hari. And lo, I shall not tend to the provinces in which nine score and seven in hundred stood by me same as I would tend the province in which only five in hundred stood by me. For different measure shall I apply for different people.”

2 And when the people heard his decree, they murmured among themselves saying, “Surely King Bubu son of Hari would pitch us one against the other.”

3 Whereupon King Bubu Son of Hari appointed Warlords from five provinces of the land and named them commanders of men, but he would not appoint any from the province east of the big rivers inhabited by the Hebro, for only five in hundred there stood by him to elect him.

4 And King Bubu Son of Hari appointed, from among his kinsmen and townsmen in the land of Almajirite and other provinces, men to serve in his palace and as right hand men: butlers, town criers, principals, chief scribe, councilors, quarter masters, house masters and several others, but he would not appoint any from the province east of the big rivers inhabited by the Hebro, for only five in hundred there stood by him to elect him.

5 But the people from the province east of the big rivers inhabited by the Hebro were not persuaded for they do not cower before men nor tremble before kings for their works speak for them. Thus did they address King Bubu Son of Hari the cattle rearer, “We cast our lots as our spirit led us in favour King Jonah son of Locki. Lo, we shall do same again if called upon!”

6 When the people lamented and said to King Bubu the son of Hari, “O wise King, may your reign be peaceful, and may you defeat all your enemies and bring prosperity to the land. O good King, you swore a covenant with us saying : ‘ Make me King in place of Jonah and in 100 days, and I will rout She-cow and his gang of terrorists from the land, feed yours little sons and daughter daily in our various temples of learning, and make our cowry equal in value to the mighty dollar! And your able men, I shall give jobs in our orchards, and ten thousand cowries to those without work.’

7 “O good King, we have kept our part of the bargain, fulfill your vow, that you may be freed from the bond of the covenant. O good King, kill She-cow and bring back our daughters and appoint also Masters to oversee affairs of governance.”

8 And the Keeper of Treasury also spoke and sayeth to King Bubu Son of Hari the cattle rearer thus, “O good King, I give with discretion cowries in exchange for dollars and dollars in exchange for cowries, that the mighty dollar may not completely overshadow our cowries, and ruin our trade with neighbors and kingdoms beyond the seven seas. Pray, O good King appoint ye Master of Coins and Master of Trade that I mayest counsel with them to help our cause.”

9 Wherefore King Bubu Son of Hari the cattle rearer answered and said unto them, “O good people, I did not promise to do a thing in hundred days. And as for the Masters, there is none worthy and holy as I am. Lo, I continue the search for holy men amongst you. In the fullest of time when I shall find them, verily I say to you I shall appoint them as Masters for you.”

10 Now the house - Alliance of Protected Crooks alsoo known by their initial - APC, was the most deceitful house in the land and several vile men swell their rank. Their banner has an insignia of broken broom held by a filthy hand.

11 Liar son of Momed speaks for them and he bore false witness against many, and he uttered many lies - great and small to the people of the land. Some believe him, and several others curse him for the lies he told. Lair the son Momed is said to have been born with a lying tongue.

12 He it was who spoke to the people saying “Lo good people, our great King Bubu the son of Hari body language has improved our power; his body language has done more in six weeks than Jonah the son of Locki did in six years. Rejoice and be exceedingly glad O good people for surely, King Bubu son of Hari’s body language will bring food to our table, oil for our lamps, fix our roads, and defeat all our enemies.”

13 Oshi the son of Omole, lover of exotic maidens also bear their standard and sometime speaks for house of Alliance of Protected Crooks. Yet he knoweth not whence to speak and whence to hold his peace.

14 Oshi the son of Omole it was who spoke to people saying, “O good people, the household of Emperor Omanman of United World, had told me the names of those who looted our treasury and carted away at least six hundred oxen full of gold coins and precious gems. Whereupon the household of Emperor Omanman rebuked vigorously him saying, “Begone! We knoweth not what that sayeth for thou speaketh untrue words. We gave you neither name of who nor the number of oxen of gold coins carted from thy shores. Pray, tell where did thou hear this great tales, that we may inquire and enrich our knowledge.”

15 Roch the sly son of Cha also fly the standard of house of Alliance of Protected Crooks known as APC. He broke ranks with his kinsmen from the land of the Hebro. And when he had returned from the journey to the United World to visit Emperor Omanman, he caused several giant tapestries depicting his handshake with Emperor Omaman, with King Bubu Son of Hari the cattle rearer to be commissioned. Roch the sly son of Cha hung the tapestries in the city square with a message saying, “Behold what I have achieved, the new face of prosperity!”

16 Now there are other vile men in Alliance of Protected Crooks including Fanshi the son Olar who among others used several bags of cowries, much more than usual, to dig well for water in his official abode, and several more bag of cowries, again much more than usual, to tell the world what he did!

17 Amec the swift, son Chyi is another vile banner man of Alliance of Protected Crooks. He it was who took from his kinsmen treasury and gave several bags of cowries to the cause of King Bubu Son of Hari the cattle rearer wherefore Bubu became king.

18 And in those days, She-cow, who led the purveyors of terror and tormentor of the people who ravaged the land and slaughter the people, addressed the people saying, “I am She-cow the terror; the one who was, the one who is, and the one who is to come. News of my death is a lie told to deceive you by King Bubu Son of Hari the cattle rearer and his Warlords. By Hallah, you shall serve my god or become my slave, or I shall annihilate you.”

19 Now the commander of King Bubu men of war is a fearsome Warlord. He is called Bura the snake charmer, son of Tyia. When Bura, the snake charmer, son of Tyia, heard the word of She-cow, he flipped his cloths, push his chest up and down to show his muscles and mass of flesh. “She-cow and his band of brigands are noise-makers and cowards,” he declared, “I shall crush him, and all who stand with him.”

20 Then Bura, the snake charmer son of Tyia and his men ran around the city seven times, so that the people may know that they are strong and many in number.

21 Then Bura, the snake charmer son of Tyia and his men fell upon the tents and encampments of She-cow, and slew many who follow him.

22 She-cow fled with some of his men and hid among the people who are allied to his cause. Thereupon, She-cow and his band of brigands continue to ravage the land, plunder, maim and kill and disappear among the people who are allied to his cause.

23 And the wandering shepherds and tribesmen of King Bubu Son of Hari the cattle rearer, who had forge unholy alliance with She-cow and his band of brigands, invaded the fields of a retired Chief Scribe – Fala, the son of Aye in the land of Yoruga, who had allied with King Bubu Son of Hari the cattle rearer. Thereupon, these wandering shepherds laid waste to his fields, and destroy his crops. They took Fala, the son of Aye captive for several days and would not let home go until several bags of cowries in ransom had been paid. And they warn him sternly not to speak about them least they will come again for him!

24 And from across the big rivers, there arose another zealot, Nnam the Bright, Son of Kalu, and he addressed King Bubu the son of Hari thus “Let my people go!”

25 And when the price of a tuber rose from eight cowries to eleven, and a measure of grain rose from nine to twelve cowries, the people again began to murmur.

26 When King Bubu the son of Hari saw and heard all these, he was distressed. But he would not name himself Master of War even as She-cow and his brigands continue to kill, maim, pillage and take captives and spoils even close to his palace. Now King Bubu Son of Hari the cattle rearer would not make himself master of grains, tubers and cattle even as he possess great skill at cattle rearing.

27 But when King Bubu son of Hari saw the abundant milk and honey flowing in lands beyond the big rivers, King Bubu was exceedingly glad. "Lo, I shall appoint myself Master of Milk and Honey. I alone shall decide how the cows are milked and how the honey is shared for I alone is worthy”, he proclaimed.

28 And when the time had come, King Bubu Son of Hari the cattle rearer unveil #thelist of men whom he had found worthy to serve as Masters over the people.

29 Now these are some of men King Bubu Son of Hari the cattle rearer chose as Master over the people: Amec the sly son of Chyi who looted his kinsmen treasury. Fanshi the son Olar who among others used several bags of cowries, much more than usual, to dig well for water in his official abode, and several more bag of cowries, again much more than usual, to tell the world what he did! Another is, Liar son of Momed who bore false witness against many, and he uttered many lies - great and small to the people of the land.

30 Many were men who wine and dine with King Jonah the Able son of Locki, and some were the vile men from other houses who had sought safety under the banner and fold of Alliance of Protected Crooks known by the initial APC.

31 And when the people saw #thelist, there was loud outcry and gnashing of teeth in the land, and several people rented their clothes and put ashes on their foreheads to mourn the death of change! And they asked one another in loud groan, "What manner of change is this?"

32 And from across the big rivers, Nnam the Bright, Son of Kalu, again addressed King Bubu the son of Hari thus, “Let my people go!”

Continued from Chapter One:
https://www.nairaland.com/2587245/acts-king-mumu-son-hari

DISCLAIMER:
Similarities of characters portrayed in the text with anyone dead or living is purely coincidental.
cheesygrin More blessings bro
PoliticsRe: They Are Unstoppable by Whynotthetruth(m): 10:41am On Oct 07, 2015
egift:
@Bold:
Yes. They are too courageous, wise, upright, intelligent and articulated to be challenged by the dismantled and decimated PDP opposition.
Egift keeps celebrating thieves who he's learning to be like as he perfects his stealing skills ...

Haven't you read that buhari is pleading with your purported dead PDP to allow them scale through senate screening

https://www.nairaland.com/2647460/ministerial-list-buhari-begs-pdp

https://www.nairaland.com/2648034/senators-give-terms-confirming-ministers

https://www.nairaland.com/2648006/ministerial-list-splits-senate

BTW Rivers state alone is financially equal to more than 15 APC states alone cheesygrin
PoliticsRe: Buhari Romancing With Politicians Who Destroyed Nigeria For 16yrs —Shekarau by Whynotthetruth(m): 10:17am On Oct 07, 2015
Buhari had and still has NO idea about governance... he's only a charlatan cum noisemaker who plays to the gallery and loves power too undecided
PoliticsRe: Senators Give Terms For Confirming Ministers by Whynotthetruth(m): 9:51am On Oct 07, 2015
Firefire:
Since the present administration of All Progressives Congress (APC) would want to be remembered for curbing corruption, it would be counter-productive to overlook any allegations of corruption leveled against any nominee. Senate


Good morning Lalasticlala.
PoliticsRe: BREAKING: Court Upholds David Mark's Fifth Term Election In Benue South by Whynotthetruth(m): 1:51pm On Oct 06, 2015
David Mark enjoys MY RESPECT mostly because of the MATURITY he brought to Senate Leadership all through his term there...Especially during Jonathan's administration... God bless us all...
PoliticsRe: Senate President, Saraki, Reads Ministerial List: LIVE ON TVC by Whynotthetruth(m): 12:13pm On Oct 06, 2015
Sanchez01:
The President just read the list LIVE on TVC!

TVC Entertainment ‏@TVC_Ent

HAPPENING NOW: Senate President Bukola Saraki reads names of ministerial nominees sent by President Muhammadu Buhari
http://www.tvcontinental.tv/livestreaming


https://twitter.com/TVCNews_Africa?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
And this is what buhari wasted all the time compilinghuh Buhari is sick upstairs and APC is devilish undecided
BusinessYou’re Killing Local Manufacturers –MAN Alerts CBN by Whynotthetruth(op): 2:01pm On Oct 05, 2015
By Bimbola Oyesola

AS much as the members of the Organised Private Sectors (OPS) would like to continue to express optimism in the nation’s economy, recent trend in the country has given the manufacturers a serious cause for concern.

Since the Central Bank of Nigeria (CBN) unveiled its controls in June, on the new Foreign Exchange policy, manufacturers have had to deal with foreign suppliers who are increasingly getting worried they won’t get paid after supplying raw materials to Nigerians. They are also struggling to convince banks to approve dollar payments.

Investigations revealed that it now takes minimum of 10 days to get dollars as against the pre-control days when the cycle was done within 24-48 hours. Even then, most manufacturers say they get below what they actually requested.

Some firms have defaulted on contracts and lost credit lines. “Many companies have defaulted in fulfilling foreign obligations … even blue chip companies … for the first time,” said Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry (LCCI). He noted that companies also suffer from the CBN’s attempt to stop the
dollarisation of the economy, adding that a ban on cash deposits of foreign currency has forced firms to use informal “transfer markets”, whereby people abroad wire
dollars on a company’s behalf. With the exchange rate well below the official rate to the dollar, it has also been discovered that some manufacturers now carry bags of cash to deposit in neighbouring countries.

Another survey report of members by LCCI revealed there is now delay in the processing of Form ‘M’ to import and meet demands, leading to loss of market share and slower consumer demand and lower profits. The report further stated that export business is hugely affected as they are unable to sponsor and pay marketing activities outside the country and that they are also experiencing payment delay.

A respondent to the survey report said, “export proceeds have become idle while in need of forex to import through other banks. Companies in the Fast Moving Consumer Goods sector are unable to settle outstanding obligations to foreign suppliers, which has slowed down their ability to get fresh supplies for production.”

The survey also added that there are now “delays in sourcing forex to import spare parts to meet breakdown of production machinery, adding that spare parts that were picked off the shelves before will now need to undergo series of processing before forex is made available to import them.

The operators claimed that Form M opened for items on the list prior to the CBN policy are not processed for payment leading to credit defaults with foreign suppliers.

The President of Manufacturers Association of Nigeria (MAN), Dr. Frank Jacobs, said doing business in Nigeria for the operators in the private sector is daily getting unbearable as there is growing inability of Nigerian businesses to pay foreign creditors on account of the CBN forex policy.

The association’s boss also said that some manufacturers are unable to manufacture due to lack of foreign exchange to import raw materials.

According to Jacobs, the crux of this challenge emanated from the decline in crude oil prices recorded in the last quarter of 2014 and the first quarter of 2015. “The trickle-down effects of the declining price of crude oil created a highly challenging environment for the manufacturing sector in the country, which has been historically challenged by dearth of infrastructure,” he said.

But the last straw that broke the camel’s back, he said, was the problem of inadequate foreign exchange and the new foreign exchange guidelines of the CBN, which he said to a large extent, negatively affected productivity by increasing the cost of manufacturing.

Jacobs explained that since the policy came out, the manufacturers now experience difficulties in importing raw material inputs into the country. “All these, without doubt, could result in factory closures and consequent loss of jobs, if not addressed quickly,” he said.

He further warned that the above challenges conspicuously reflected in the performance of key macroeconomic indicators and as corroborated by statistics churned out by the Nigeria Bureau of Statistics (NBS), the CBN and the Organisation of Petroleum Exporting Countries (OPEC).

MAN said the review of performances of key indicators in the first quarter compared with the second quarter, on the negative side, reflected that the real GDP growth still
hovered around 3.96 per cent, which is below 5.94 percent recorded in the last quarter of 2014, the External Reserves also declined from $29.81 billion to $29.01billion; Average Interest Rate significantly increased from 16.84 per cent to 26.48 percent while the Inflation Rate increased from 8.2 per cent to 8.6 per cent.

Speaking on the new policy, which listed 41 items that are not valid for foreign exchange by the CBN in its effort to address the sliding value of the naira, the association said after studying the content of the circular, it observed that essential raw materials input were included in the list and as such pointed out to CBN that only imported finished items should be on the list for it to be truly beneficial to the manufacturing sector and the economy generally.

Jacobs said MAN was very concerned with the exclusion of such items as palm kernel/palm oil/vegetable oil; cold rolled and galvanised steel sheets, among others,from the inter-bank forex market, which he said, was as a result of difficulties in determining what constitutes raw material and finished product.

He stated further that, “the reality is that one company’s finished product could be input material for another. In fact, most of the items included in the list were raw materials being used by some manufacturers in their production. This action implies that the companies involved may not be able to import their needed raw materials for production and the implication could mean massive retrenchment and on the extreme, factory closure.

The MAN President harped that the two sectors mostly affected are Food, Beverages and Tobacco and Steel sectors, which incidentally are the largest employers of
labour among MAN sectoral groups, warning that a shake-up in these two sectors would diminish the little headway already made in employment creation and poverty reduction in the country.

He said, “the position of the association was formally communicated to the CBN vide a letter dated June 29, 2015, which detailed ambiguities contained in the circular. MAN enumerated some essential raw materials that are not available locally that were lumped together with finished goods.

“In addition, MAN analysed the 41 items into 680 items, based on their respective sectoral and sub-sectoral groups and submitted a comprehensive list of 105 raw
material items (which are products of rigorous consultations with all sub-sectors of the manufacturing sector) with their respective HS Codes, which were affected by the guidelines to the CBN.

The association further listed 93 finished products that
are produced locally with sufficient capacity which should be added to the 41 items.”

http://sunnewsonline.com/new/youre-killing-local-manufacturers-man-alerts-cbn/
PoliticsRe: Facts: 5 Reasons Why Boko Haram Can’t Be Won On Or Before December Deadline by Whynotthetruth(m): 1:07pm On Oct 05, 2015
Kudos Op ...cc...Lalasticlala
PoliticsRe: Diezani: The London Angle Is A Masterstroke by Whynotthetruth(m): 1:05pm On Oct 05, 2015
bloodkiIler:
egift i put it to you that you're not better than diezani because both of you are crooks.

you're posting this trash using a fraudulent data (popularly know as cheat) thereby sabotaging the economy of Nigeria and that of the tax paying mtn.

now tell me are you not a crook?

is there any difference between you and any other crook?

useless cheap post from a data fraudster like you.

go and buy mtn legal bundle until then you don't have any moral right to talk anything about corruption.

useless bastard fraudster.

cc
TonyeBarcanista
Whynotthetruth
Mogidi
temitemi1
MizMyColi
truckpusher
FireFire
Temitemi1
dearpreye


make una come and see this petty data fraudster calling someone corrupt grin
cheesygringringrin Egift is a thief stealing in his own cadre and hypocritically pointing at others...Corruption is already ingrained in his mindset like most Nigerians and NO agency can remove it undecided
PoliticsRe: Diezani: The London Angle Is A Masterstroke by Whynotthetruth(m): 12:39pm On Oct 05, 2015
egift:
Diezani is in our trap fighting for her freedom, what else can you do than rant? There is no going back. Cry me a river grin grin grin grin grin
I live by the truth bro...NOTHING will STOP CORRUPTION and STEALING in Nigeria with petty thieves like you coming up...You steal at your level just like they do at there's too...That's the bitter truth bro ...
PoliticsRe: Diezani: The London Angle Is A Masterstroke by Whynotthetruth(m): 12:28pm On Oct 05, 2015
egift:
[s]I will keep this brief. This well-thought out strategy by the Buhari's administration to use the London angle to tackle the alleged corruption perpetrated by the former Minister Mrs. Allison Madueke is a Masterstroke.

Since it became obvious that the current administration of President Buhari will fight Corruption with all seriousness, most of those that had held sway of top position and soiled their hands have been preparing on how best to tackle whatever the President and his team will put together against them.

Legal team had been assembled. Protesters kept on standby. Journalists and bloggers budgeted for. Those who could jump into the Senate, had already done so. While some have gone into hiding, others are running from pillar to post. I still recall Allison going to Abdulsalami Abubakar to see if he can land her a deal like the one Jonathan got that will shield him from considerable hits. Allison also board the same British Airways flight with Buhari just to seek audience.

With the now London angle they never see coming, it will difficult to lobby judges, bribe the court, cash in on old favours. My favorite part is that it will be near impossible to get visa for all the usual 2k appearance fee jobless protesters to go to London.

While we deal with Allison Madueke and here accomplices - London-Style, it will allow us time to conclude the legal arrangements to have dedicated legal framework for the trial of cases of corruption in Nigeria and recover some of what were looted from our treasury.

And once the Whistle Blowers law is revisited, ordinary Nigerians will have the opportunities to cash in on the misfortunes of these looters by simple providing useful evidence of looting.

May God keep giving President Buhari and his team the best approach to deal with the challenges confronting Nigeria.

God bless Nigeria[/s].
Quit lying...

1)Diezani investigation started in 2013 in London and has NOTHING to do with Buhari purported corruption fight for now...

2)So far Nigeria has petty thieves like you who cheat in their little cadre now...corruption will NEVER end because they will always cheat and upgrade their looting skills should they get to Diezani's level in governance... cleanse yourself first of your corruption and stealing skills, before pointing fingers at others undecided
PoliticsRe: Plot To Sack IGP, Arase, Thickens - Nigerian Tribune by Whynotthetruth(m): 10:54am On Oct 05, 2015
Tinubu needs his stooge there for his plans to have smooth ride irrespective of how illegitimate or demeaning they maybe...
PoliticsRe: Bishop Matthew Kukah Diagnoses Buhari And Nigeria by Whynotthetruth(m): 8:04pm On Oct 04, 2015
tinsel:
I took time to read this, but nothing here said anything bad about Buhari. The heading is wrong. Anyway, I don't expect any thing good from Vanguard as long as Buhari is concerned.
Kukah delivered a wonderful speech and nothing here bad about Buhari.
Kindly show how the topic portrayed buhari in bad light...

Never regretted reading every word of this piece...God bless Kukah
PoliticsRe: Jonathan Breaks Silence - El-Rufai Lied On Independence Expenditure by Whynotthetruth(m): 6:57pm On Oct 04, 2015
najoke:
no need, uu guys can run back to ur caves as it can be seen clearly that GEJ and PDP are LIARS
Common sense isn't common after all with folks like you...

Now read this part from Jonathan press release; ...We challenge the Office of the Government of the Federation (OSGF) to publish these details for the consumption of the public.

Does it make sense for Jonathan to lie in this when they know that buhari and co have access to ALL government expenditure nowhuh
European Football (EPL, UEFA, La Liga)Re: Arsenal Vs Manchester United (3 - 0) On 4th October 2015 by Whynotthetruth(m): 6:02pm On Oct 04, 2015
kodded:
finally seen a GEJ supporter who is not a barcelona fan grin
cheesygringrin Its well bro ...It has been Gunners all the way for me ever since I knew football
European Football (EPL, UEFA, La Liga)Re: Arsenal Vs Manchester United (3 - 0) On 4th October 2015 by Whynotthetruth(m): 5:53pm On Oct 04, 2015
kodded:
Are you a gunner ? undecided
Yesoooo...200% Arsenal guy I am cheesygrin
PoliticsRe: Jonathan Breaks Silence - El-Rufai Lied On Independence Expenditure by Whynotthetruth(m): 5:10pm On Oct 04, 2015
MizMyColi:
Alhaji Lafiaji!
Are you see what I am saw?

Cc:
Whynotthetruth
TonyeBarcanista
Truckpusher
Bloodkiller
Ecoterrors
Firefire
Mogidi

Kindly come here and witness an evil perpetrated by a human to another in broad daylight.

Verdammt!
It's unfortunate when these hypocrites and devils talk about others carrying burden of hatred while it is their shadow they are casting on others ...How can some people daily sit down to think up lies and blackmails against a man who doesn't disturb them in whatever manner? ...They are both the religious and ethnic bigots which they preach against including most of their supporters... smh ...And to think this midget El rufai was given lifeline by same Jonathan after he ran away from Nigeria due to corruption probe by Yar'adua government against him ...Devils now rule Nigeria in APC undecided
European Football (EPL, UEFA, La Liga)Re: Arsenal Vs Manchester United (3 - 0) On 4th October 2015 by Whynotthetruth(m): 5:02pm On Oct 04, 2015
IdisuleOurOwn:
Die-hard Gunners.

Football unites all Bro.
cheesycheesy welcome bro...Good to know...

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