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koboko69:Here's Okonjo Iweala's assertion Minister of Finance, Dr. Ngozi Okonjo-Iweala has refuted claims by VP-elect Yemi Osinbajo that the outgoing administration owes $60billion in local and foreign debts. Speaking with finance correspondents, Okonjo-Iweala said that the nation’s current debt stock stands at $63.7 billion and it encompasses domestic and multilateral loans by all the federal and state governments since 1960. She said various states of the federation accounted for 20% of the nation’s total debt stock. Of the $63.7 billion debt, the minister said $9.7 billion or 15% is external while $54 billion or 85 per cent represents domestic debt. She said between 2007 and 2011, a debt of $17.3 billion debt was recorded while between 2012 and 2015, the debt stood at $18.1 billion. Source: http://latestupdate.com.ng/fg-didnt-incur-60bn-debt-okonjo-iweala-refutes-osinbajos-claims/ |
adioolayi:No sir, Many federal civil servants are paid half-salary and some state govt workers are owed months of salary So its something like Minimum wage Old price #18,000.......... New Price #14,400 |
Biro Old price N20 New price N30 |
koboko69:The same premium times u referenced that published the assertion of this govt inherited debt profile as written by Buhari's transition -committee -chairman joda also disserted same claims with another publication as written by a non-profit organisation. Facts on the economy shouldn't b taken just by a publication by a newspaper/tabloid, get it from more authenticated sources |
koboko69:You need to get your facts right http://www.premiumtimesng.com/features-and-interviews/187797-fact-check-claim-that-jonathan-left-n7-trillion-deficit-does-not-add-up.html |
This govt needs to explain to Nigerians what they've done with d 30b dollars foreign reserve they inherited. They should explain what they've done with funds through TSA What have they done with funds from sale of fuel to Nigerians at exorbitant prices We are experiencing d most inefficient govt in d history of Nigeria, just hope Nigeria is not completely destroyed by their inefficiency |
Is that what d 'Fulani war lord' says? isn't he bent on militarizing d region? someone that prefer life of cows to human beings. |
who's giving you people sense? |
Y d change of tactic? |
Nigerian youths living abroad, under the umbrella, Diaspora Council of Nigerian Youths, DCNY, have opposed the price tag of N145 for a litre of fuel. They, however, supported the removal of petrol subsidy by the Buhari-led government. The group with its Headquarters in New York, USA, wants the price pegged at N100. It decried the high price as insensitive and promised to mobilise for demonstrations at Nigerian embassies worldwide. This decision was made after a meeting at Loews Chicago Hotel, Chicago Illinois, USA at the weekend. The group listed as its coordinator in Canada, Amb. Oketooto Adebayo, Prince David Mattson Nwaogugu, Asia, Kelvin Babaeko, United Kingdom & Europe (West). In a statement issued by the group’s president, Yinka Gbadebo, and Secretary-General, Mahmud T. Bello, the group said “Anything above 100 Naira per liter of PMS is absolutely fraudulent and unacceptable. “We cannot continue to maintain a docile attitude towards the hardship being faced by our folks back home, occasioned by the harsh “Maradonic” policies of our government”, the group added. ‘The DCNY, a progressive umbrella representative organization of Nigerian Youths in Diaspora having consulted widely with all our chapters and stake holders, culminating into an emergency meeting at the Loews Chicago Hotel, Chicago Illinois, USA held on Saturday 21st May 2016 hereby resolves as follows: “That we support the total removal of the satanic fraud called subsidy. “That 145 Naira per litre of PMS is a greater fraud that must be vehemently resisted by all. “That the Nigerian Government should as a matter of urgency put a stop to this daylight robbery. “That the pump price of PMS after the subsidy removal, with whatever index should not be more than 100 Naira per litre. “That to push our demands home, all functional chapters of DCNY should immediately commence mass mobilization of Nigerian Youths within their regions for mass protests to Nigerian embassies in their various domains. “That the Diaspora headquarters of DCNY in New York, USA should notify all appropriate quarters about the protests. “That all chapters should coordinate themselves in a very peaceful and responsible manner throughout the duration of the protests. “We call on all well meaning Nigerians in Diiaspora to join us in this noble cause to salvage our people back home from excruciating hardship, while we appeal to Nigerians and youth based organizations back in Nigeria not to allow themselves to be cowed, hoodwinked or mischievously misguided into unholy submission to the whims and caprices of the progenitors of this draconian increment.” “Having watched keenly albeit bemusingly, recent happenings in our dear country, Nigeria, vis-a-vis the recurring decimal of blame game and deceptiveness of the government of the day, the Diaspora Council of Nigerian Youths, (DCNY) have come to the saddening realisation of the sacrosanct fact that silence is no longer golden. “It is crystal clear that Nigerians have high expectations of the promised “change” by the incumbent leadership of our dear country, but unfortunately, the recent insensitive increment in the price of PMS under the guise of subsidy removal is definitely not the kind of change being expected from a government that rode to power on the wings of several promises of a better tomorrow for Nigerians. “It is noteworthy to state empirically and emphatically here that the subsidy regime over the years has been a monumental rape of our sensibilities and a fraudulent misappropriation of our collective patrimony. “Many of us have advocated incessantly for the total stoppage of this wanton carnage on our treasury but have been demonized many at times. Alas, the stark reality has suddenly dawned on all of us; subsidy is a fraud which must be eradicated if Nigeria must move forward. “Unfortunately, the Nigerian Government, at this very hard time has been ill advised to advance another fraud of more breathtaking consequences on the populace disguised as subsidy removal. With all available data, petrol in Nigeria should not be sold above one hundred Naira after the subsidy regime has been proscribed. “It is hence very ridiculous to us in DCNY, how the government arrived at the one hundred and forty five Naira figure,” the statement added. http://dailypost.ng/2016/05/23/selling-fuel-above-n100-per-liter-absolutely-fraudulent-unacceptable-nigerian-youths-in-diaspora/ |
Did Rivers state also apply for bail out funds? Anywhere source pls |
1 Congo of garri here is N680 |
madridsta007:Good analysis, but d propaganda smokescreen wouldn't last for 3 yrs n certainly will not deliver d presidency to APC by 2019, d SW seems too enlightened to buy sabotage as an excuse enough for non-performance. |
They better release those innocent boys with immediate effect before majority BC vandals in Niger delta! |
Rubbish GEJ can't go on exile, he's having d time of his life round d world as d celebrity that he is. Come independence day, GEJ will grand d occasion to d shame of his enemies! |
• Agip pipeline hit for second time in one week, vandals arrestedhttp://www.thisdaylive.com/index.php/2016/05/23/jonathan-goes-into-exile-militants-move-to-shutdown-oil-output/
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The dismal gross domestic products (GDP) and job reports, besides the current high inflation levels (13.7 per cent) clearly show that the government’s economic policies are not effective and require an urgent review to avoid further plunge in economic activities, analysts have warned. The National Bureau of Statistics (NBS) last week released the nation’s economic scorecard for the first quarter of the year – GDP and Unemployment Reports. The GDP report depicts that the nation’s economy plunged into negative territory with a decline of 0.36 per cent year-on-year (y/y) in real terms. The growth rate is 2.47 per cent and 4.32 per cent lower than what was achieved in the last quarter of 2014 and corresponding period of 2015 respectively. In nominal terms, the total value of the nation’s economy was put at N22.26 trillion in the first three months of the year. Assessing the Q1 GDP number, analysts at Eczellon Capital Limited stated that the first quarter figures have set the tone for the nation to enter into an economic recession by the end of the first half of the year as the weaknesses in the non-oil sector (Manufacturing & Financial services) are still very inherent. They stressed that the continued contractions in the nation’s manufacturing and financial services sectors indicate that the current faulty foreign exchange structure in the country continues to weaken economic activities. This, they said, is forcing more manufacturers to shut down factories as well as limit the ability of financial institutions to expand credit in the economy. “The spill-over effect of this is the primary driver for the rising rate of unemployment in the country. Thus, as the Monetary Policy Committee (MPC) of the CBN commences its meeting on Monday(today) it is imperative that the Committee takes a decisive stance to alter the nation’s current FX policy to allow for flexibility in the pricing of the naira. “This should go a long way in addressing the uncertainty currently bedevilling the nation’s economy as well as attract the much needed inflows to support the nation’s economic growth. Likewise, it would complement the newly introduced price regime in the downstream petroleum sector and aid the government in achieving the objectives of its 2016 expansionary programmes,” they stated. The NBS, however, had explained that the weak economic growth numbers could be attributed to a 5.77 per cent fall in the performance of the non-oil sector, which effectively puts its real growth rate at negative (-) 0.18 per cent in Q1 2016. “Contractions in manufacturing (7.0 per cent), financial services (11.3 per cent) and Real Estate services (4.7 per cent) were the principal drivers for the sharp decline in the non-Oil sector. The Oil sector on the other hand, however, expanded by 1.89 per cent, which is an improvement from the 8.28 per cent and 8.15 per cent recorded in Q4 2015 and Q1 2015 respectively. This came surprising given record low oil prices at the beginning of the year coupled with marginal decline in the nation’s oil production to 2.11 million barrel per day from 2.16 million barrel per day in the last quarter of 2015. “In terms of jobs, the nation’s economy performed woefully as well, as unemployment rate rose to 12.1 per cent in Q1 2016 from 10.4 per cent in Q4 2015. Underemployment also increased to 19.1 per cent from 18.7 per cent in the last quarter of 2015. The poor job numbers were on the back of 1.9 per cent expansion in the country’s labour force as well as 340,000 net reduction in the number of persons in full-time employment. This could be attributed to the inherent weaknesses in the Nigerian economy which is clearly having a toll on businesses and the nation’s ability to create jobs for its teeming young population,” the NBS said. http://www.thisdaylive.com/index.php/2016/05/23/fgs-economic-policies-pushing-nigeria-into-recession-analysts-warn/ |
malton:this is not d first time crude oil price has gone this low; 47 dollars/barrel or thereabout. BTW 2000 to 2005 crude price averaged less than 35dollars a barrel n Nigeria didn't collapse, inflation wasn't this high. 2007-2008 there was global economic meltdown but Nigeria didn't feel it much bc we had a good economic team that run d country. I still insist at average crude price of 45dollars a barrel with TSA, Nigeria shouldn't b in this mess we r in if we had an economic team that's worth its salt. Why haven't we pursued reducing recurrent expenditure vigorously by e.g. enrolling all fed. govt. agencies on d ippis to weed ghost workers as much ad possible, but no, buhari will rather fight his enemy dasuki |
O God, deliver us from buhari, we ask for mercy n say we're sorry for entrusting d presidency in his care, whatever it takes, deliver Nigeria from buhari O Lord! |
Its d economy bro, its d economy! |
I hope they also train on how to swim in swamps. I no wan here say peson drown 4 Niger delta o |
The only way buhari can prevent this pipeline destruction is to evacuate every south southerner from their region n instruct d military to take over d region, unfortunately, this is impossible |
LVG deserves another season in united |
olatunji21:That's u, d man in my office that campaigned so much for buhari lost his job bc his contract was not renewed, there r many more! |
olatunji21:U think so? there a lots of people who campaigned vehemently for buhari but r now regretting. Every govt. has saboteurs so its no excuse to fail. Those still giving him d benefit of doubt will soon scream when d economy bites deeper |
Tokety7:One yr down d line buhari has lost many supporters, give him one more yr of blunder n c his popularity poll plummet. |
EbukaFran:The Nigerian way, aggrieved APC members, aggrieved PDP members coming together will fly just as APC thrived |
bettercreature:D economy is going from bad to worst under buhari, one thing I'm sure, most of d millions of people that v lost their jobs under buharis regime won't vote him back. The lifeline of our economy is threatened n buhari isn't handling it well, when d reality of d fuel price increase n dollar rise hits d market n prices skyrocket, anybody will beat buhatpri in d polls |
EbukaFran:I talked of a new party being floated, let's leave PDP for now. |
olatunji21:SW is d region that's least sentimental in votes. At d pace buhari is going he'll lose most of his supporters in no distant time. |
iamrealdeji:Stay there! Mention any political office holder that's not plundered this country, including buhari himself, let them invest d money here -its d lesser evil |
Jesusloveyou:Kwankwaso will beat buhari blue black in SS/SE, if he gets d support of bigwigs in d SW like Obj (I know tinubu wouldn't) then he's sure to give buhari a run for his money. What's unfortunate is that free fair credible elections in Nigeria ended with GEJ, tyrants like buhari don't relinquish power. |