₦airaland Forum

Yankee101:
Okonjo wanted to save more and invest more

Guess who stopped her in court?

Ameachi. He said "share the money"

And Buhari has no idea that our reserves can make money instead of sitting in Anerican banks doing nothing

Amaechi stopped okonjo iweala from saving FG’s money in court? Abeg link me to the case and the judgement.

Cargoed:
Does it mean no one knows what this Soveriegn wealth fund is, this is a fund that was separated from excess Crude acct. for the sake of investment that will gain interest. like saving it in Us treasury at 1% per year, then every year the nation adds to it. Or use it to grow a non oil sector investment in another foreign country like buying utility bonds in foriegn countries which their economy is not dependendent on Oil.
The returns (Returns I mean not the capital) from such investments is what we should now use to develop The Non Oil Sector Like fintech or Nollywood or tourism.
But what did Nigeria do with theirs squander it on n Elephant projects in Nigeria so we rated second toworst country.

I am surprised that most of these guys screaming illiterate are so ignorant, it's shocking. They only read headlines and form an opinion, which they hold for life.
As I said the SWF was supposed to replace the ECA, (which is illegal according to the constitution), it never did. The ECA is still in operation till date. The government makes contributions into the SWF from the ECA. Excess crude sales does not directly go into the SWF. Buhari could never have withdrawn money from the SWF in December as he was accused of doing. There are laws governing operations of the SWF, there are non governing ECA.

These people are so arrogant in their ignorance.

To help cure their ignorance (that's if it is even curable), here is a punch editorial of current abuse of the ECA.

FG’s serial abuse of Excess Crude Account - January 18 2019

JUST like its predecessors, the Muhammadu Buhari administration has become entangled in the Excess Crude Account controversies. Contentiously, the savings account plunged dramatically at the tail end of 2018 to less than $1 billion, according to the latest official figures. For the administration, the frivolous abuse is a poor advertisement of its mantra to fight corruption and enthrone rectitude in national life.

In truth, there is more than meets the eye in the operation of the ECA, eliciting legal and integrity questions about its raison d’être. At the beginning of 2018, oil traded for $69 per barrel. Nigeria’s major source of income later hit $81pb last October, well above the $51pb budget benchmark for the year. With this, the ECA, which, by regulation, can only be drawn down after a shortfall in oil prices for three consecutive months, was thus expected to accrue significantly. Oddly, it did not.


Instead, temporarily, it jumped to $2.09 billion last October; it trended up to $2.31 billion a month after. The catch is that, by December, it had plummeted to $631 million, the Federal Account Allocation Committee, which distributes incomes to the three tiers of government, stated. It means that about $1.68 billion was withdrawn in just one month. Such stealthy withdrawals from the ECA are not new.
Read the full editorial here -
https://www.google.com/amp/s/punchng.com/fgs-serial-abuse-of-excess-crude-account/amp/

PrecisionFx:
Nigeria is worse, only better than Qatar

Qatar case is understandable, they want to host the next World Cup and are prepared to break the banks to do it.

kernel001:
Stop discussing issues you aren't knowledgeable about.

First, Nigeria's Excess Crude Account (ECA) is the same as the Sovereign Wealth Fund, meaning they're both one and the same. ... So in summary, the Excess Crude Account is literally a foreign savings account owned by the Nigerian Government.

Sovereign Wealth Fund, is an accrued monies made from selling crude oil above a year budget benchmark.

In theory, excess crude account (ECA)is the same as Sovereign Wealth Fund (SWF),but in practice they are different.
Even though SWF was supposed to replace ECA, it never did. The Jonathan administration maintained the ECA till it handed over to Buhari, and Buhari still maintains the ECA till date. In fact Buhari was accused of withdrawing close to $1.7 billion from the ECA in December.

Psoul:
U still sound so irrational. U mean to tell me that all ongoing acts or suggestions made by this 6th National Assembly that have not bn concluded will be dropped by the incoming 9th NA?

If he made a very important input that is acceptable, it does not mean he must be there to keep pushing it.
The condition of this country has made most of us start reasoning like what we are passing in this country

Sorry to say, but you are truly ignorant on how legislature works. All previous outstanding bill by a previous assembly starts again once a new assembly comes into office. New committees and new officers are put in place.

Psoul:
Don't talk out of hatred. It makes one reasonable only to ones ear and sounds like a silly fool to the ears of majority.

So because his tenure is about to elapse, he should not make any contribution that will move the country forward.
This sound so irrational. What if ur state governor stops working cos he knows that his tenure will soon end, what will u say.

Which contribution can he make now less than 2 months to go that he did not make in the last 4 years?

Sovereign Wealth Funds with crude selling at less than $60 to the barrel? I am sure the writer has no idea what he is talking about.
Sovereign wealth fund is like excess crude account that is used for investment purposes to generate additional income. So where do we get monies to put into the sovereign wealth funds when we hardly make enough to pay salaries, not to talk of money to build infrastructure.
Maybe the report was talking about 2013 when the dollar was overv $100.

Tanmehin:
I would love to see how this bill will drive :
1. Innovation in the clean energy industry
2. investments in the industry
3. Affordability of clean products

Its always huffs and puffs. Real issues are not looked it. "Important bills" ko...

This is just a publicity stunt. No bill passed now can get past the third reading and then get accent from the president before may 29th. Any bill not signed by may 29th get consigned to the dust bin of history, unless it is introduced again by the next assembly.

Ziggylady:
Unity beggar..so what if the country fails?..must you as an afonja and me an Igbo lady be countrymen?

NO!

It is you guys that are unity beggars than the Afonjas. It was you guys that shouted one nigeria before independence. It was you guys that unified the country. It is you guys that is scattered all over Nigeria. You guys can be found in any hamlet in damaturu. It is you guys that depends on Niger Delta oil to run your states.

If you guys know you are not unity bigger, petition your lawmakers both at the state assembly and national assembly to raise the issue of secession on the floor of the house or senate. Even if it is rejected, at least we will know that is the wish of your people. You do not expect the Afonjas or the Fulanis to do your fights for you.
A few jobless miscreants blocking the streets do not signify the wishes of the general Igbo citizens.

FortuneDeGreat:
Keep on being deceived, can you state in all honesty that the government of the day has done enough of what is expected of it in combating insurgency?

Yes, the government could do more to combat insurgency, but it is doing relatively fair under very difficult conditions. Boko Haram insurgency was far worse some 5 or 6 years ago, with Boko Haram holding 14 LGAs, carrying attacks right at the heart of Abuja a few meters from Aso Rock and Shekau making videos regularly. Now Boko Haram is restricted to Hit and run raids on border towns and villages.
The issue of insurgency in nigeria is a highly complex issue, it's got internal political, corruption, international and socio economic components. Insurgency under normal circumstances is very difficult to deal with, ie, Afghanistan, Kenya, Iraq, Syria, it is even more difficult in a borderless, corruption ridden country like Nigeria.
Our military has been decimated by the political class who are afraid of coups. The exact number of Nigerian troops is said to be less than 60,000 (from about almost 100,000 before 1999. The military had not been supplied with new modern equipments (despite tens of billions of dollars allocated to defense since 1999). Then there is the issue of corruption within the high military command. All former generals are billionaires in dollars. To solve the Boko Haram crisis would require a comprehensive plan by the political and military elite.

noisy45:
Cut the crap. Trash

Say something sensitive instead of just making noise.

noisy45:
I predicted that Boko Haram will attack soon when The dullard went to Jordan and told them they have defeated Boko Haram and they are controlling no territory

You guys are so ignorant and your bitterness and anger at Buhari is affecting you reasoning.
Which territory is Boko Haram holding? Under the last administration, Boko Haram was at one time hiding 14 local governments, the size of Belgium. That time the commander in chief or any of his generals were afraid to step near Sambisa Forest.
What Boko Haram does is hit and run, they come in from chad or niger and attack towns and villages near the border, and then run back to where they come from, they don't attempt to hold territory.
Due to our depleted military strength and limited arms and ammunition, our soldiers cannot be placed in defensive formations around the whole northern border states. The strategy adopted by Buhari is to wait for an attack, and then ambush them when they attempt to retreat or encircle and isolate them before taking them out.

oluwaahmed:
As a business inclined people, the Igbo's know that the Nigerian union by the British was nothing but business transaction built on fraud. The Nigerian system has never worked and might never because the British didn't merge the country together because they thought it would be best for us, but because it would be best for them. There have been riots since the almagamation of Nigeria. From 1923 aba women's riot, to 1940s,50s sectarian violence to 1960 civil war just almost immediately after independence. We shouldn't hate the Igbo's we should thank them because the Nigerian project has never worked and they are not afraid to say so. Let us take a look at a British colony now doing well -INDIA. DO you know that after the death of Mohammed ghandi, India had to split into 3 nations for there to be peace. Pakistan & Bangladesh were once united as India. In fact enuff said

You guys are simply sore losers. You support Nigeria when you are in power and turn 180 degrees immediately you lose power.
The Aba riots and other examples you gave had nothing to do with amalgamation, they were social issues such as taxes and other perceived injustices. There are constant riots around the world daily, and they have nothing to do with secession.
The igbos allied with the British to impose a one Nigeria on us and then 6 years later screamed Biafra after they lost out in the power equation. The igbos imposed a unitary system on us and screamed Biafra immediately Ironsi was overthrowned. Same with the Jonathan presidency, immediately "the pillar of Jonathan's" administration lost out in the power play, Biafra became loud again. We have been expecting even louder screams of Biafra after their candidate lost the last general elections.
You guys need to learn how to play the game of thrones not attempt to change the rules each time you lost out.

wink2015:
Only a restructuring and or the creation of an autonomous state for boko haram will end this insurgency

You want an autonomous state for Boko Haram next door to you? Be careful what you wish for, it just might come true.

TroubleMaker47:
So the likes of Alakija, Dan etete, Ty Danjuma, Idimi etc where one individual amasses over a billion dollars from our collective oil isn't "mother of corruption" ?

Why are you guys so obsessed with Danjuma, Arabia, I diminished, etete and Co? You hear that over that 211 oil blocks are lying fallow and you are still talking of the ones has been allocated.
Why not bid for any of the remaining ones, so you too can join the club of oil block owners?

CosmoDroid:
Your knowledge of the subject is very limited.

The latest technology is designed around neutralization of the radioactive isotopes to become 100% stable at half-life and is contained in bullet-proof-like containment underground even if it ever leaks, which is impossible as these are encassed in the strongest metal known in the Universe, unlike the steam-turbine mechanism used by the current system that leads of radioactive spills.

You obviously also have no knowledge of the mileage of the latest models of electric cars. So, why not get friendly with the latest technologies and stop focusing on hear-say.

I do know the details of the latest on neutralization of radioactive isotopes, but it's practically impossible for any nuclear facility not to produce radioactive wastes. Everything that touches a radioactive material, water, oil, containers, bolts, nuts, etc, that comes in contact with radioactive material becomes contaminated (radioactive ).
I know they are proposing using Thorium instead of uranium as nuclear fuel, because they say, it produces more energy, less harmful materials and safer, but it still does produce radioactive waste.

Forget mileage and latest technology of electric cars, the actual energy has to come from somewhere. The electric energy that charges the car has to be produced somewhere else. It must come from an electric generator powered by hydro, nuclear, solar or fossil fuel.

CosmoDroid:
Portable Nuclear fusion technology is being developed by a boy in his 20years in USA and a prototype as small as a table fridge produces 100MW of Electricity. The technology will be used for rocket launches, can power 25,000 homes, meet the energy needs of manufacturing corporations and can be miniaturized for electric autos etc. The technology is being scaled up. China is massively transitioning to Electric Cars and are working aggressively to transition from fossil fuel, not to mention Europe and the Americas.

The days of oil is over. It is literally over. Wake up you all smell the coffee. It will be a stigma to use fossil fuel in the next 20 years.

The black man can continue to worship the Ancestors and beg for bread.

Bulls. Dan quixotic.
Nuclear has serious environmental consequences.
Electric cars don't produce energy, they need the get the energy from some other sources - most likely fossil fuel.

MarianaTrench:
If the Nigerian government decides to actually produce crude oil itself then be ready to see the mother of all corruption!

The Nigerian government don't have the manpower and equipments to prospect and mine crude oil. That's why they sell oil prospecting and mining license to private corporations to do all the hard work, and only get involved in selling licences, selling the crude and sharing the profits.

Jiang:
Oga, you can't become an industrial nation without oil. forget all the bullshyt green energy, it can't power up heavy industries. The white man is just trying to sabotage us

That is what I have been trying to tell people as someone who has vast knowledge of alternative energy. Green energy is good for small domestic use (especially for developing nations like nigeria), but never for industrial purposes. Industrialization still depends heavily on fossil fuels? and will do so for decades if not centuries.

mrsage:
With the way PMB handles Nigeria. Many things will become idle...

Did you read the article at all or you are a bot that is programmed to type PMB irrespective of topics being discussed.

OddsIsland:
More than 50 per cent of Nigeria’s oil and gas blocks remain untapped even as crude oil production continues to hover around two million barrels per day while gas shortages persist in the country over the years, ’FEMI ASU reports

Out of 390 oil blocks in the country, 211 are yet to be allocated by the Federal Government , latest data obtained from the Department of Petroleum Resources have shown.

With many other countries extending efforts to ramp up their oil and gas production and reserves, industry experts have voiced concerns about the lack of oil licensing rounds in Nigerian since 2008.


According to the DPR, 179 blocks have been allocated as of December 2017, comprising 111 Oil Mining Leases and 68 Oil Prospecting Licences.


Source:https://punchng.com/concerns-as-211-nigerian-oil-blocks-remain-idle/

I thought thought the Senate said 83% of oil blocks in Nigeria was allocated to northerners.
So how do you reconcile this report that over 390 oil blocks is yet to be allocated and this report; https://www.premiumtimesng.com/news/123398-83-of-nigeria-oil-blocs-owned-by-northerners-senate-committee-chair.html%3famp_markup=1
That says 83% of Nigeria’s oil block was allocated to northerners.

Looray:
Does that means because he is to pay the bride price, it's allowed?

No, the bed must be undefiled before marriage.

If not, seeking for God's Forgiveness is necessary

Please read deutoronomy 22:28 - 29 that I posted. It's there in the bible.

NPComplete:
Look at this clown. So I have defended corruption how? U are just a joke. I made a general observation and u are terming it a defence or u didn't read my comment fully?

Abeg which observation? You observed that someone caught working with a fake certificate should be left to continue working at the job, because you suspect everybody has skeletons in their cupboards.

Next time you will observe universities should also leave students that gained admission into the university with fake WAEC results, because everybody has skeletons in their cupboard.

Meanwhile, I am sure you were one of the first to crucify Adeosun for presenting fake NYSC certificate.

iSlayer2:
Something has to be done!

Things like this is what we have the Ohanaeze for but alas! They're all so useless to the people! Tufia!

Thank you my brother. A problem acknowledged is a problem half solved. Most of your fellow tribesmen behaves like the ostrich and hide their heads in the sands. They even fail to acknowledge that drug trafficking by their youths is having a negative impact on the image of their society, their tribe and the nation in general.
Funny enough, the igbos entered the drug trafficking business quite late (in the mid 80s), it used to be the exclusive preserve of the Yorubas in the 70s and early 80s. But now, 6 out of 10 nigerian traffickers caught are of igbo names (almost 90% in Asian countries )

Naija9090:
Have Abike called out the name "Kudirat Afolabi"

Is it only Abike that can call out the names of convicted criminals abroad? Don't you or any other person have mouth (or MB)?
It's a free world.
The reporter and the OP have exercised their freedom rights by calling out Kudirat Afolabi, Abike Dabiri exercised her own rights by calling out the 5 armed robbers executed in UAE. I can call out the name of an Adolor, Akpan or Muhammad if convicted in foreign lands and it picks my interest. It does not call for quarrel and fights.

metroid:
My thoughts exactly

What are your thoughts exactly? That because everyone supposedly have skeletons in their cupboard, exposed crimes should not be prosecuted or that exposed criminals should be rewarded?

Bolognese:
But her name is on the University Website under their graduating class of 2012.

See: https://www.iubsuk.university/graduates/

According to the reports;



A verification committee at PenCom, however, found that no such university existed as a valid UK degree-awarding institution.


The report did not determine whether she was an alumnus or not, it determined that the university was or is not a valid UK degree awarding institution.

What about Olabisi Onabanjo University? Why did she present a fake certificate?

NPComplete:
Is this not the same guy that was reported to be investigating some missing pension money in some other thread today?

This country self. All our leaders with their own skeletons. I won't be surprised if this was released as retaliation for the missing pension investigation.

I was expecting the defenders of the corruption universe to come to the rescue, and you did not disappoint.

No shaking.
According to deutoronomy 22:20 just pay the bride price to her father and she shall become your wife.

Deutoronomy 22: 28 - 29;
22:28 If a man find a damsel that is a virgin, which is not betrothed, and lay hold on her, and lie with her, and they be found;
22:29 Then the man that lay with her shall give unto the damsel's father fifty shekels of silver, and she shall be his wife; because he hath humbled her, he may not put her away all his days.

Banmeallday:
Nigeria didnt do jack shyt for her. That is why thousands if not millions of women are queuing at the US embassy to get visa to go and give birth there because they know Green passport means dog shyt.

Sorry, but you are going to deal for the next four years with former coupist turn hospital patient Buhari LOL

Big for nothing jokers

Why are you guys always bitter and angry? Cut down on the betterleaf soup.
The British left us in a very precarious position at independence. They built very little primary and secondary schools just to train us to be their administrative clerks, and built virtually no tertiary institutions. We had to build our educational sector from scratch.
Yes, we are not where we deserve to be given our resources, but we are moving slowly.
If the lady in question was born in other 90% of countries of the world, she would not have had the opportunity of getting a good foundational education to enable her achieve this wonderful feat.

iRyan:
Adam and Eve couldn't have been the first humans on earth when you critically look at history and all the fossils of our ancestors from the Neanderthals to homo habilis that have been unearthed over the years.

Theres no such thing as one human race. Human is not even a race. Race is like a sub specie. Just like there are different breeds of dogs, every race on earth is an admixture of different human species that once walked the earth thousands of years ago. A white person and a black person are both humans but they are like different species of humans. Black can never bear a white and vice versa. Just as a German Shepherd can never bear a Labradors even though they are both dogs.

According to anthropologists, the white race surfaced only 70 thousands years ago when homo sapiens(Africans) migrated out of Africa into Europe and interbred with Neanderthals. Neanderthals lived in Europe for thousands of years before they made contact with homo sapiens. It was this interbreeding with homo sapiens that created the white race however the Neanderthals died out. The reason they did is still under debate .

There is no such thing as one human race!

Blacks can give birth to white kids, it is the reverse that is impossible. This is because black is the source of all humans. Blacks can exhibit all possible racial features.

Read this report - https://nypost.com/2010/07/21/blond-bombshell/amp/

Preshy561:
Hypocrisy.
She didnt waste time to publish 5 people caught on UAE for stealing, but, has gone awol to list the names of her almajiri brothers and some yorubas that has been smuggling drugs and getting killed.

And you said we are one. Totally shameless.

You guys are shameless
See the way she wrote "5 people caught on UAE for stealing" as if they were pick pocketers. They were Armed Robbers. How many other nationals go on travel visa to another country to engage in armed robbery.
You want Abike Dabiri to list all Nigerians that had been executed in foreign lands for drug offenses since 1999? Even if she is able to do that, I am sure a particulate tribe would carry first place.

Instead of you to condemn acts by your people damaging our image abroad, you are turning it into a tribal war.
Anyway, I am so happy that an original "Oma Iwere" can never be found engaging in such shameful acts, even within Nigeria not to talk of in foreign lands.

I just read the attached report (photo). It was talking about Nigerians executed between 1991 and 1999

How this report ( which I consider to even be false) concern abike dabiri or the last armed robbery incident is beyond me.