₦airaland Forum

Where is your location?

I am always scare of short people and I don't know why.

It is well with them.

I believe something good can still come out of Nigeria.

Dikaveli:
That's a welcome development,

Na messi mind will rest because the club he gave his all is in safe hands now, once the GOAT comes out from in jury watch the best of him.

At the same time i will dedicate my FTC to my sweet mom who celebrated her birthday on 30th October and my younger brother who celebrated his yesterday being 3rd November and happy birthday in advance to my elder sister who will celebrate hers on 10th November

Ka chineke mee eziokwu

Happy birthdays to them all. Wishing them more fruitful years ahead.

Wishing him all the best in his business career.

No normal human should even join the evil party in the first place.

Wishing him all the best.

Not a bad choice anyway.

It is well with you bro.

okrote4real:
STATE HOUSE PRESS RELEASE

PRESIDENT BUHARI: NIGERIA NEEDS 1.5 TRILLION DOLLARS IN TEN YEARS TO BRIDGE THE INFRASTRUCTURE GAP

President Muhammadu Buhari says 1.5 trillion dollars is the cumulative estimated amount needed by Nigeria over a ten-year period, to achieve an appreciable level of the National Infrastructure Stock.


President Buhari gave the figure on Tuesday in Glasgow at a COP 26 high-level side event on improving global infrastructure hosted by President Joe Biden of the United States, EU Commission President, Von Der Leyen and the UK Prime Minister, Boris Johnson.

‘‘Nigeria is ready for your investments in infrastructural development in the country.

‘‘My administration has established a clear legal and regulatory framework for private financing of infrastructure to establish a standard process, especially on the monitoring and evaluation process.

‘‘We look forward to working with you in this regard,’’ he told world leaders at the high level meeting on the margins of the climate change conference.

President Buhari also declared that his administration had taken infrastructure expansion in Nigeria seriously, conscious of the fact that new investments in critical sectors of the economy would aid lifting 100 million Nigerians from poverty by 2030.

‘‘There is a nexus between infrastructural development and the overall economic development of a nation.

‘‘My administration identified this early enough as a major enabler of sustainable economic development and the realization of other continental and global development aspirations particularly the 2030 Agenda for Sustainable Development Goals.

‘‘On my assumption of office in 2015, Nigeria faced a huge infrastructure deficit and the total National Infrastructure Stock was estimated at 35% of our Gross Domestic Product.

‘‘In solving these problems, we embarked on a massive infrastructure expansion programme in the areas of Health care, Education, Transportation, Manufacturing, Energy, Housing, Agriculture, and Water Resources.

‘‘We provided more financial resources for these policies, charted new international partnerships and pursued liberalization policies to allow private sector participation.

‘‘We introduced the revised National Integrated Infrastructure Master Plan - a policy document that ensures our infrastructure expansion projects is cross-sectorally integrated and environmentally friendly, ’’ he said.

The President welcomed the G7 countries for its ground-breaking plan to mobilize hundreds of billions of dollars of infrastructure investment for low - and middle-income countries.

He noted that the “Build Back Better World” plan, an initiative of the G7 countries, is expected to be a values-driven, high-standard, and transparent infrastructure partnership.

‘‘It is our fervent hope and expectations that this plan will be pursued to its logical conclusion in order to bridge the infrastructural gap between the North and South,’’ he said.

The President also used the occasion to outline the principles, values and standards Nigeria would like to see from infrastructure initiatives and the challenges the country has faced in partnering with donors on infrastructure development.

‘‘The aim of pursuing quality infrastructure investment is to maximize the positive economic, environmental, social, and development impact of infrastructure and create a virtuous circle of economic activities, while ensuring sound public finances.

‘‘This virtuous circle can take various forms in stimulating the economy,'' he said.

The Nigerian leader noted that infrastructure investment should, therefore, take into account economic, environmental and social, and governance aspects, guided by a sense of shared, long-term responsibility for the planet, consistent with the 2030 Agenda for Sustainable Development.

The President added that the positive and negative impacts of infrastructure projects on ecosystems, biodiversity, climate, weather and the use of resources should be internalized by incorporating these environmental considerations over the entire process of infrastructure investment.

‘‘Domestic resource mobilization is critical to addressing the infrastructure financing gap. Assistance for capacity building, including for project preparation, should be provided to developing countries with the participation of international organizations.

‘‘Quality infrastructure investment also needs to be tailored to individual country conditions and consistent with local laws and regulations.

‘‘Furthermore, Infrastructure projects should align with national strategies and nationally determined contributions for those countries determined to implement them, and with transitioning to long-term low emissions strategies, while being mindful of country circumstances,’’ he said.

The President also called for the environmental impact of infrastructure investment to be made transparent to all stakeholders, noting that this will enhance the appreciation of sustainable infrastructure projects and increase awareness of related risks.

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
November 2, 2021

https://www.facebook.com/100044141814218/posts/430806901734033/

The political mistake of 2015 can never be forgotten in a hurry. Evil APC.

The political mistake of 2015 is unforgettable.

BeeBeeOoh:
The Supreme Court management also urged the Inspector-General of Police to investigate the invasion of Mary Odili’s home and make the findings public.



https://www.premiumtimesng.com/news/headlines/493060-raid-on-mary-odilis-home-appeared-like-mission-to-kill-maim-her-supreme-court.html

Nigeria my country.

Wishing the Southeast all the best. You can not start a fight that you can not end. War is not good for us at this critical time.

MANDIPUTIN:
The federal government has borrowed a whopping N8.29 trillion from Pension Fund Assets which stood at N12.9 trillion at the end of August 2021, LEADERSHIP checks have revealed.

Even though an earlier attempt by the federal and state governments to borrow directly from the pension funds was met by a stiff public resistance, thus nipping the idea in the bud, the federal government has continued to dominate in utilisation of the pension pension funds’ assets, howbeit indirectly through investment in federal government securities.

The federal government, through the National Economic Council (NEC), had in 2019 announced plans to borrow N2 trillion from the pension funds to finance the development of infrastructure. The decision sparked a lot of backlash as Nigerians unanimously kicked against the move. Had the plan worked, it would have become the norm for governments to borrow directly from the pension funds.

Pension fund investment in federal government securities still accounted for the bulk of 64 per cent of total pension fund assets, crowding out investments in other sectors of the economy, even as it dropped by about N220billion from N8.51trillion in July, 2021 to N8.29 trillion as of the end of August 2021.

The drop, according to LEADERSHIP investigation, was as a result of drop in yield of bonds and treasury bills, which started last year, hence, Pension Fund Administrators (PFAs) were divesting from this investment outlet, into better investment windows that give better returns.

Pension fund operators have been seeking investment alternatives besides government bonds and treasury bills to increase returns on investment on pension assets as yields from FGN securities decline.

Hence, as the previous investment matured, pension fund operators were divesting the proceed in money and capital market instruments.

More:
https://leadership.ng/federal-govt-borrows-n8-29trn-from-n12-9trn-pension-fund/

What is still left in this country again?

Politics all the time. No time for good development.

The APC evil spirit has finally entered him.

It is well.

This country is very funny at the moment.

PrinceOfLagos:
APC useless bastard blood sucking thieves said PDP government corrupt. But, Nigerians were doing well and the economy makes sense.

Nigerians didn't commit suicide under PDP government like they now do under this demonic terrorist blood sucking thieving government of APC

APC really rendered so many people useless

Everything don cost, Hunger and frustration everywhere in this cursed APC government

People now beg to feed

APC, Never again.
Affliction shall not rise a second time .

The political mistake of the 2015 was a deadly one.

yinkus6750:
The opportunity they missed in 2019, has finally come back.
Tambuwal / Wike 2023.
Looks so goof for both of them.
Doesnt really matter which zone produces the President.
At the present state of the country, all we want is whoever can perform and turn the country around for good.

You are a good analyst.

See some of the wasted youths in Nigeria.

Blacks and corruption are inseparable.

It is well.

No serious youth with a determine spirit to succeed in life would be involve in all these barbaric acts.

Wishing him all the best. Nothing is impossible in this life to achieve. Just the determine force.

lalasticlala:
Happy birthday to my daughter.

Happy Blessed Birthday dear. More divine wins ahead!

xdrive:
1.250 last

Leave it for 1.2m cash please.

greenone:
Breaking News!

COALITION OF SUPPORT GROUPS FOR ASIWAJU BOLA AHMED TINUBU(COSGABAT) releases Committee list for the 1Million Solidarity Walk scheduled for 1st December, 2021.

No normal human being would even think of voting for Tinubu.