₦airaland Forum

cramjones: So far I have enjoyed the discuss on this forum. I don't expect everyone to agree with me, however, I expect decorum and respect. That said, I respect opposing views as well as views that support me. I will say it again, I am trying to create a movement of youths that would realize that this present government beyond 2015 will destroy Nigeria for good. We must vote the hawks out! In the coming weeks you may not hear from me, because I will be very engaged in some important personal and party activities both in Nigeria and outside Nigeria.

Remember, I have lots of deep stuff to share as we edge towards the elections....It's going to be tough, its going to be dirty, there would be more massive corruption revelations, uncovering of arms smugglers in the government, illicit relationships among ministers, Stella Oduah's story won't be over with a wave of the hand; Stick with me during this time and you will be much more informed and ready for the eventualities that will unfold in Nigeria. I am CramJones the strong insider in the APC!

cramjones: So far I have enjoyed the discuss on this forum. I don't expect everyone to agree with me, however, I expect decorum and respect. That said, I respect opposing views as well as views that support me. I will say it again, I am trying to create a movement of youths that would realize that this present government beyond 2015 will destroy Nigeria for good. We must vote the hawks out! In the coming weeks you may not hear from me, because I will be very engaged in some important personal and party activities both in Nigeria and outside Nigeria.

Remember, I have lots of deep stuff to share as we edge towards the elections....It's going to be tough, its going to be dirty, there would be more massive corruption revelations, uncovering of arms smugglers in the government, illicit relationships among ministers, Stella Oduah's story won't be over with a wave of the hand; Stick with me during this time and you will be much more informed and ready for the eventualities that will unfold in Nigeria. I am CramJones the strong insider in the APC!

morgist: President does not understand the concept of ‘progressive’ – APC

But the APC has faulted the claim of Jonathan, saying that it is regrettable that the president does not understand the concept of progressive.

Speaking through its interim national secretary, Alhaji Tijjani Musa Tumsah, the APC said: “The merger which culminated in the emergence of the APC is the first of its kind in Africa.

“The intention of the like minds in the APC is change which is inevitable in 2015. What the president does not understand is the concept of progressives. It is a pity that Mr President does not understand that Nigerians want to change.

“The aim of the APC is to move the country forward as we want Nigeria to be among the comity of the world progressives. Come 2015, APC will usher in a change as we mean business to change the government at the centre.”

Source: http://www.newswatch24.com/politics/item/2792-jonathan-hits-back-at-apc-kwankwaso-others

callmenow: The grounds under which the Governor, Deputy Governor or Director of the Central Bank of Nigeria can be removed from office are spelt out in Section 11 of the Central Bank of Nigeria (Establishment Act0, 2004. Section 1 of the Central Bank of Nigeria (Establishment Act) provide thus:

(1) A person shall not remain a Governor, Deputy Governor or Director of the Bank if he is-

(a) a member of any Federal or State legislative house; or

(b) a Director, officer or employee of any bank licensed under the Banks and Other Financial Institutions

Act.(2) The Governor, Deputy Governor or Director shall cease to hold office in the Bank if he-

(a) becomes of unsound mind or, owing to ill-health, is incapable of carrying out his duties;

(b) is convicted of any criminal offence by a court of competent jurisdiction except for traffic offences or contempt proceedings arising in connection with the execution or intended execution of any power or duty conferred under this Act or the Banks and Other Financial Institutions Act;

(c) is guilty of a serious misconduct in relation to his duties under this Act ;

(d) is disqualified or suspended from practising his profession in Nigeria by order of a competent authority made in respect of him personally;

(e) becomes bankrupt;

(f) is removed by the President : Provided that the removal of the Governor shall be supported by two-thirds majority of the Senate praying that he be so removed .It is clear that by Section 11 subsection 2 (f) of the Central Bank of Nigeria (Establishment) Act that the president can remove the Governor of the Central Bank of Nigeria provided the removal is supported by two thirds majority of the Senate praying that he be so removed. In other words, the President can remove Sanusi Lamido if he is supported by 72 Senators that represents two-thirds majority in the Senate of the Federal Republic of Nigeria. It follows that Sanusi Lamido refusal to heed to the request of President Jonathan that he resign his appointment as the Governor of the Central Bank of Nigeria is proper.

The president is spoiled for choice. Options a or b above are plausible grounds for dismissals. Jonathan needs his attorney general to earn his pay. I can intervene here he does not know how to apply this clauses. This is in keeping with Jonathan's beholding to the 'rule of law'

egift: PDP keep seeing useless vision under their tattered umbrella. Do they think that by making the article long, it will become believable?

justhelp: yeah there is freedom of speech but not the way you use yours, normally your comment can land you in jail suppose we are in country,but you know the entity called NIGERIA has no respect for law and humanity, this is a lawless environment that is why think you can use your freedom of speech to commit a crime unnoticed,or you dont know that soyinka families can sue you for what you said, but if you think they can show your self to the family and say it to their hear then we will know you have freedom of speech or not

Lawee007: The above comments really got me thinking, then i undastnd dt humans can never be satisfied. If he has done exactly what u guys are clamouring for, some set of pple will stil complain dt he's nt performin up 2d task. I'm nt sayin he's nt looting d state treasury bt at least his works ar visible, that's what d pple need.

LibertyRep: Even a blind man could attest to the unprecedented infrastructural development going on in the state. The state has become a massive construction site, with fly over bridges adorning everywhere.

[b]But beyond that, some other enlightened citizens are asking questions on the actual debt profile of the state, the manner of expending the IGR, who gets what project and why(wether there is any competitive bidding or not) and so on. Unfortunately, the state assembly is populated by the govt loyalist and most unfortunately is the fact that the media houses in the state are overtly sympathetic to the govt.

Sincerely, I wish Ogun and other states will be subjected to the kind of media scrutiny Lagos, Kano and Akwa-Ibow attrac[/b]t.

Kponkwem: Op, its totally wrong to dream or talk about 2015 presidential election. I will give you valid permutations:

1. Jonathan has patriotically advocated a six year single term which he had hoped to be extended within his current term till 2017 thereby saving the hoopla of 2015.

2. When this failed, GEJ again tabled the Nat'l Confab with a solid budget of N7bn in 2014. The outcome of the confab will usher in a decentralised federation with only a weak central govt.

3. Finally, GEJ is not desperate to win 2015 election! Rather than the next election, he is thinking about the next generation. He is going to entrench social justice for all oppressed Nigerians in 2014. There's going to be improved power, roads, PIB, refinery sale with 60 percent local content, oil block re-allocation, and new revenue formula.
Stop breaking ur head over 2015, GEJ is not interested, just pulling through with major reforms. This is my permuation and I will refer back to it when the game begins...

maclatunji: I have seen many posts in the last 2 years from people who are excited by the idea of dividing Nigeria across ethnic/religious lines hailing the independence of South Sudan from Sudan as an example of exactly what they want.

I have consistently written that breaking up Nigeria would lead to war among/within the successor states with dire consequences for the people and Africa in general.

To the advocates of secession, what are your thoughts on your "favourite" example for Nigeria now?

Rhemar: Mimiko should definitely make the top 3 list

DerideGull: I am disappointed that you have the above to say. You seem to have your social order in the right place but I guess it is not so. I have written before now that the courts in Nigeria are ridiculously partisan as such hurt the growth of democracy in Nigeria. The issue about the defection of governors and members of NASS to another party was clarified by sections 177(C) and 68 (1)(g) of the 1999 Constitution respectively.

AnanseK: If we made the choices you were suggesting, Nigeria would not have taken off at all. It would have been like the southern Sudan of today. Just look at how the choice of GEJ has dragged us 50 years back in history.

gregg2: Those 37 Rep's members are plain foolish.

Meanwhile, the wise onse - Tambuwal and the Senators stayed behind and are using them to test the waters.

mascot87: It might not be politically motivated,it could just be the handwork of some miscreants.Thank God he his alive

4 Play: There is no evidence of a crowding out effect in Nigeria. The best evidence will be a spike in the cost of credit, as reflected in bond yields, as the demand for credit by both Govt and the private sector overwhelms its supply. If loading up on foreign debt is better, no country with the choice of foreign or internal debt will plump for the latter. Nigeria is the only country I know that people argue with a straight face that it is unfortunate that their country has not piled up more external debt.

4 Play: This is a glib comment. Our foreign reserves won't survive a run on the Naira. Where was the CBN as the Naira has gone from 60 Kobo to 160 Naira to a dollar? In the last 5 years alone, we have gone from 100 Naira to 160 Naira to a dollar and that is even with low external debt. With higher external debt as you recommend, things will definitely be a lot worse. The fact that we are not building up our external reserves considerably enough at a time of relatively high oil prices with the CBN having to use reserves to fight off a depreciation in the Naira clearly shows that we have less room to incur more external debt.

Doesn't the insistence that we borrow abroad imply that the economy is sound enough that foreign investors will readily lend us money at desirable rates? If it is so sound, then they should be giving the Govt a round of applause.

oluwashaddow: 47. What is the Minister’s take on the apparent
stagnation of the economy as there seems to be
very little job creation and growth in small
businesses. Even though the Minister has read
out growth figures before it is not telling on the
average man on the street.

Economy is stagnated and yet grows an average of 6 - 7% in last five years? What study did they carry out to conclude that there is stagnation in the economy? Very funny that they reached an unintelligent conclusion on the economy and job creation and want the minister to provide reasons for their conclusion. Questions on the economics of government policies and job creation would be best addressed by the CBN governor whose monetary policies have the greatest impact on the small to medium scale enterprises. Ask Sanusi Lamido abeg!


48. Would the Minister say that the various
Government initiatives at job creation have not
lived up to expectation as they affect only a very
small part of the population?

Why would she say that the initiatives are not working? Is it the honourables' expectation that government initiatives on job creation would solve all unemployment problem at once? They even admitted that a small part of the population benefits from them.

49. Wouldn’t the Minister think that the private
sector should be the main driver of job and
wealth creation through natural growth of
business and start ups being financed by the
banking industry?

Ask the CBN governor about wealth creation by small businesses and their financing. These honourables seem unable to draw the difference between the autonomous CBN and the Finance Ministry. SLS doesn't answer to NOI.

50. If so, what does the Minister think it would do
for the local banking industry if this same pre-
shipment inspection law and your own export
guidelines are enforced to the letter. The oil
industry in Nigeria is worth about $50 billion per
annum. If even $10 billion of this passes through
our local banks wouldn’t that give the economy a
boost with banks now able to fund longer term
and bigger projects?

Honourables, please ask the CBN governor.