₦airaland Forum

HOPE NIGERIANS ARE LEARNING FROM ALL THESE HATE FILLED UTTERANCES.

WE NEED TO PUT OUR DIFFERENCES APART AND BUILD OUR COUNTRY.

NO COUNTRY RESPECT NIGERIAN ANYMORE, NOT EVEN SMALL COUNTRY LIKE BURUNDI.

WE HAVE DAMAGED OUR REPUTATION SO MUCH THAT IT IS SO DIFFICULT DOING BUSINESS
WITH ANYONE IN AFRICA WHEN YOU ARE A NIGERIA. EVERYONE LOOK AT YOU WITH SUSPICION
AND HATRED.

WildWildWest:
Pardon my typo, na futo i dey no be Oxford university.
So we've been having blackout for more than 2weeks in eziobodo futo road here and for this past 2weeks students have been charging their devices in barbing saloon, bet shops etc and the high rate of phone theft is increasing everyday. So today I just jelely carried my phone and power bank to go charge in one bet9ja shop near my lodge, I've been charging for almost an hour when I started hearing "kpoa" "kpoa" omo I think say na play then I heard another one, and another one again, that was when we noticed it wasn't a joke anymore so I rushed to the scene and started doing amebo and according to what I heard but sha he was told to swim in a big puddle cus it rained heavily in eziobodo today.

You are a big disgrace to all FUTO alumni....you have no excuse for us to pardon your typo. To make it worse you rubbished FUTO standard by you utterance. How can an undergraduate not able to express himself in a simple English. It's so unfortunate !!

THIS IS SO PATHETIC....

THIS IS JUST TO SHOW THAT WE CANNOT MANAGE ANYTHING BY OURSELVES.....BLACK MANS' CURSE.

WE BETTER SWALLOW OUR PRIDE AND INVITE BRITAIN OR AMERICA TO COME AND RULE US FOR ANOTHER 100 YEARS.

THEY MUST ENSURE THAT THE REQUIREMENT STRINGENT SO THAT THE DRUG DEALERS AND 419ERS WILL NOT TAKE ADVANTAGE.

WHO OWNS THE CRUDE OIL IN NIGERIA?

Rather simple question, won’t you say?
To own a thing implies you derive utility from it. So let’s answer by examining who derives utility from crude oil in Nigeria. Utility of course means taxes. Who derives taxes from crude oil?
Well before the independence of Nigeria, as at 1958, this was how crude oil taxes were shared…
1958:
1. Oil Producing States retained 67.4% of Mining Rents and Royalties
2. Federal Government got 20% of Mining Rents and Royalties
3. Non-oil States got 12.6%
So the crude oil and gas was owned by the oil producing States. That how the British left it.
In 1970, General Yakubu Gowon passed Decree No. 13. Under the decree, this was how crude oil taxes were now to be shared.
1970
1. Oil Producing States retained 45% of Mining Rents and Royalties
2. Federal Government got 55% of Mining Rents and Royalties
3. Non-oil States got 0%
So in the military’s wisdom, the non-oil states did not deserve to get any share of oil revenues. Oil was only for the oil producing States and the Federal Government.
Then 1975, General Murtala Muhammed introduced Decree 6. Under it, this is how crude oil taxes were shared
1975
1. Oil Producing States retained 20% of Mining Rents and Royalties
2. Federal Government got 80% of Mining Rents and Royalties
3. Non-oil States got 0%
Again, the military decided the oil producing States should “manage” 20% of oil revenues while non-oil States got zero…
In 1976, Gen Obasanjo created a technical commission called the Aboyade Technical Commission. This was the result
1976
1. Oil Producing States got 0% of Mining Rents and Royalties
2. Federal Government got 100% of Mining Rents and Royalties
3. Non-oil States got 0%
Obasanjo, also introduced the Consolidated Revenue fund aka FAAC. Thus, the oil taxes were centrally pooled, then shared to all States.
This was the important juncture in Nigeria's fiscal federalism. This was when crude oil was federalized, taken from the States, managed by the federal government then shared back to the States. In essence, crude oil was no longer based on derivation but on metrics like equality, fiscal efficiency and absorptive capacity…
In 1979, President Shehu Shagari set up the Okigbo Commission to review the sharing of oil revenues. The Commission agreed to retain the Obasanjo 0% allocation to oil producing States and continue with FAAC but they tweaked the sharing formula in FAAC…. They came up with
1979
Equality of States 50%
Population 40%,
Land mass 10%
So here we see population of States and land mass introduced
in just 9 years, the oil producing States saw their share of crude oil taxes go from 67.4% to zero. It took until the year 2000 for the implementation of 13% back to the oil producing States.
So in summary, its 67% to 0% to 13%.
Oil revenues were in essence transferred from the States to the federal government by decree. Even today, if ExxonMobil pays VAT on operations in an oil producing State, that VAT is shared by the federal government to all States of the federation. Oil is a federal baby….
What is the effect? Well, massive inefficiency in the oil and gas sector.
It’s fair to say the FGN has mismanaged the oil industry, NNPC is essentially broke…can’t manage its assets to return a profit
We still flare gas, i.e. we legally “burn” money, The FGN has taken the oil wells but can’t pay Joint Venture cash calls...the FGN can’t clean the oil spills, they can’t even pass a PIB...
So why hold the oil? If they can’t manage it? Well, because the FGN has built a massive bureaucracy funded by crude oil, the FGN pays for primary education and primary health care, then also funds religious pilgrimages and football.
These powers the FGN has given to itself outside the Constitution have been made possible because the FGN has grabbed a hold of the oil wealth of the nation. For instance, primary schools are the function of the Local Governments and the Constitution recognizes that and allocates money to them. But the revenues for the local governments are paid to the States….via a "Joint" account.
Right now, we have a problem. There is no more oil and salaries must be paid, salaries that had been paid by crude oil.
The Federal Government enjoyed a monopoly on telecoms in Nigeria, the result was that a phone became a luxury, only for the rich (apologies to former Minister of Communications, General David Mark; now a fourth-term Senator). In 2001, the FGN left the business of communication, became a regulator and tax recipient. And today everyone has a phone, I mean everyone…
What is the fascination in crude oil that the FGN still wants to own it? If the Federal Government can hand over Telecoms, regulate and tax the telecoms companies...why not do the same for crude oil? Before 2001, the FGN funded NITEL, today the GSM companies fund the FGN.
Things have to change. Nigeria can’t say its practicing a federal system of governance without fiscal federalism. That will be like driving a car without wheels.
So what should we do? It’s a no brainer. Give the oil back to the people. Tax the oil business....simple
1. The FGN has to get out of business and set itself as a regulator of business and recipient of business taxes. The gains are obvious. Its costs are reduced and its revenues go up.
2. Give the oil and non-oil assets back to the States and local governments. Let States retain the proceeds of exports from their States. In essence, if cocoa is exported, the State or origin of that cocoa get a share of the Company income tax by derivation
This is not just a call for resource control. It’s a call for responsibility allocation. As long as the FGN is responsible for collecting 95% of taxes and Local Governments are paid their allocation via States, we can’t really expect and demand much.
“To him who little is given…little is expected”
It’s our problem, we can fix it...

naijaking1:
If this true, freezing a businessman's bank accounts is like a heft penalty.
Unfortunately, the person who made this decision did not consider the economic, business, and even political impact of freezing the bank accounts of a major employer of labor in this country.

He has not been arraigned, tried, and convicted in a court of law, yet some ethno-tribalistic and religious zealot masqurading as EFCC would yield the heaviest hammer on a suspected business man. BTW, trying people in the press doesn't work, go to court and obtain a conviction, before destroying their sweat and blood.
If anybody politicizes our billionaire job creators in this country, then don't be surprised that one day Dangote might wake up to find that a critical federal government has frozen his bank accounts based on a mere allegation.

Do these individual that have been stolen the country money care about you and I, our families, businesses etc ?

Nigerian need to wake up.....Corruption is not Yoruba, Hausa or Igbo's problem. But a cancer that has spread all over our society and is denying us of basic right to normal life.

It takes lot of courage to confront and challenge the status quo. I remember what Dora Akunyili of blessed memory says about corruption...

GUYS....LETS USE OUR BRAINS.....

FOR EVERY CRIME ....THERE MUST BE A MOTIVE.

UNLIKE JOS WHERE FULANI AND THE LOCALS ARE JOSTLING FOR SUPREMACY.

WHY WOULD FULANI HERDSMEN ATTACK IGBO PEOPLE......?

Category1:
[size=13pt]i'm so angry that LAGOS wasn't a well planned city.
before the creation of Lagos, all these stuffs should have been jotted down...so pple ain't going to build houses illegally, and now that the Lagos state government is planning to demolish a whole 800 Houses(no be beans now) to make pple poor and homeless?

Haba!. Ambode needs to forget that bridge abeg, 800 houses ke?
How can the poor be getting poorer? This ain't possible. [/size]

Our people are lawless.....those houses were built on land that are already earmarked for governments project, but our people will not listen. They will rather connived with states official and put faith in their Babalawo's and Pastor's in order to turn the decision in their favour.

Example....many houses at Awoyaya along Lekki -Epe are built on lands earmarked for government project. Most of omo-onile knew this, hence, they sold most of the lands at give away prices. When government is ready, they will demolish those houses as well.

The point am making is that, the is blueprint for Lagos city planning, but our people does not follow orderliness. They will rather do the wrong thing with the hope that they can turn things in their own favor.

ANYTHING NOT IN THE BIBLE IS FAKE...

mohaMADbuari:
Mr Akiolu is obviously disappointed. Hunger don catch am.
Money is no longer flowing like before. Now, he is asking the same people he wanted to throw inside the lagoon to pray.
Imagine the insult? You should just throw Buhari inside the lagoon.Anima


But If the Oba could jump into the lagoon seven times like Naaman did, Nigeria will be healed of this fiscal leprosy.
So what is the Oba waiting for? Oya jump!

PEOPLE LIKE YOU NO GET RESPECT FOR YOUR ELDERS...

AM A NIGERIAN AND I THINK SOMETHING IS WRONG WITH ALL US ....PERHAPS ITS THE HALF BAKED EDUCATION WE RECEIVED FROM OUR GLORIFIED SECONDARY SCHOOLS CALLED UNIVERSITY OR OUR DNA IS INHERENTLY FLAWED SO MUCH THAT WE HAVE LOST OUR SENSE OF GOOD JUDGEMENT. ITS OBVIOUS WE DESERVE THE KIND OF RULERS GOD HAS GIVEN US.

THIS PEOPLE HAS BEEN LYING SINCE 1774............WHY WOULD YOU WANT TO BELIEVE THEM.

DID N'T THEY SAID THERE WAS WEAPON OF MASS DESTRUCTION IN IRAQ ?

IN ADDITION TO MANY LIES .........THEY SHOULD GO AND SLEEP SOMEWHERE JOOR

RIP...........

I WONDER WHERE THE IPOB MILITANT ARE OR WHAT THEY ARE LOOKING FOR.

IF THEY CANNOT FIGHT TO PROTECT THEIR PEOPLE, I WOULD LIKE BELIEVE THE BIAFRA AGITATION IS NOT RATHER
A POLITICAL MOVEMENT THAN FOR THE BENEFIT OF THE PEOPLE.

UrbanMystique:
The dude is too light skinned to be a Ghanaian

The dude is half lebanese , half Ghanian

GEJ IS A GOOD MAN BUT HE WAS INEXPERIENCE AND POLITICALLY NAIVE. THE POLITICAL SYCOPHANTS TOOK ADVANTAGE TO LOOT THE TREASURE.

STUPID GIRL.....WHO SAYS A YORUBA OR ANY TRIBE FOR THAT MATTER CANNOT DO THIS TO YOU ?

YOU ARE NOT THE FIRST OR THE LAST, A MAN WILL PLAY GAME WITH.

GO SORT YOURSELF OUT.

THIS IS A BIG SHAME,,,,HOW CAN THEY GIVE US ARMOURED VEHICLE THAT HAS TO UNDERGO REPAIR IN OTHER TO GET IT TO WORK.

I WANT TO SAY IT CLEARLY HERE THAT WE NIGERIANS ARE THE ARCHITECT OF OUR MISFORTUNE.

WE WILL SEE ONE OF US COMMITTING A BLATANT CRIME AND TRYING TO USE HOLES IN OUR LEGAL SYSTEM TO GET AWAY.

WITH ALL THE OVERWHELMING EVIDENCES THAT EXPOSED HOW OBANIKORO ASSISTED FAYOSE TO BECOME GOVERNOR. SHOULD N'T WE AS GOOD CITIZEN RISE UP AGAINST HIM ? WHERE IS OBANIKORO AND HIS COHORTS NOW ? IF BUHARI MOVE AGAINST, PEOPLE WILL START QUOTING HUMAN RIGHT.

I WATCH THE VIDEO OF A CONFERENCE WHERE KANU WAS ASKING FOR WEAPONS FOR WAGE WAR AGAINST THE COUNTRY. NO ONE SAW ANYTHING BAD IN THAT ? IMAGINE HOW MANY INNOCENT LIVES WOULD HAVE BEEN LOST IF HE SUCCEEDED.

WHAT STOP DASUKI AND KANU FROM RUNNING AWAY LIKE OBANIKORO TO BUHARI'S POINT ?

WHO SAYS THE JUDGE THAT GAVE THEM BAIL HAS NOT BEEN COMPROMISED ?

PLEASE LET US STOP ALL THIS SENTIMENTS AND RALLY ROUND THE GOVERNMENT FOR SAKE OF POSTERITY.

NIGERIANS MUST STAND TOGETHER AGAINST TREASURY LOOTERS........ENOUGH IS ENOUGH.

WE SHOULD NOT TRIBALIZE THIS ISSUE...EVERYONE INVOLVE SHOULD BE PROSECUTED.

THIS WILL SET A PRECEDENT.......

BIAFRA HAS EXPORTED KIDNAPPING TO INDIA.....

I SUPPORT BIAFRA 100%, AS A YORUBA MAN, I GUESS IT IS TIME FOR ODUA REPUBLIC...

NIGERIA IS A FAILED STATE....NO AMOUNT OF DEMOCRAZY WILL MAKE THINGS WORK.

NIGERIA IS FINISHED......IF SENATE PRESIDO CAN BE AMBUSHED IN BROAD DAY LIGHT LIKE THIS....WHAT IS THE HOPE FOR A COMMON MAN ?

I WEEP FOR THIS COUNTRY ........AND THE FUTURE GENERATION.

Jazzlite:
Charity begins at home... This is what happens when you refuse to put your home in order... By having a full refining capacity for all grades of PMS for your local consumption and even entire West African needs! But instead chose to propp up foreign refineries and keep them afloat! May the glut quadruple IJN.
Lalasticlala FP

PEOPLE LIKE YOU WONT LET IT WORK..........NIGERIANS ARE ENEMY OF PROGRESS BY NATURE. I DONT BLAME THE PEOPLE THAT REFUSED TO SETUP THE REFINERY LOCALLY......SETUP ANY BUSINESS LOCALLY......THEY WILL RUN IT DOWN. WE DESERVE THE KIND OF GOVERNMENT WE HAVE...EXCEPT WE CHANGE OUR WAYS...THE COUNTRY WILL BE WORSE OFF VERY SOON.

CAN THESE SHAMLESSLY IBO BOYS STOP SPOILING THE COUNTRIES NAME.
I AM NOT BEEN TRIBALISTIC, BUT THIS IS BECOMING ALARMING....
THERE ARE MANY OTHER DIGNIFYING WORK THEY CAN DO RATHER THAN SELLING DRUGS.

WE CANNOT IMAGINE THE PROFOUND IMPACT SLAVERY HAVE HAD ON OUR PRESENT GENERATION....

I JUST FOUND OUT THAT ONE OF THE GREAT WRITERS OF MODERN AGE MALCOLM GLADWEL (AUTHOR OF OUTLIER, TIPPING POINT ETC ) HAD HIS GREAT GREAT GREAT GRANDMOTHER FROM IGBO TRIBE OF NIGERIA. SAME WOMAN IS THE GREAT GREAT GRANDMOTHER OF COLIN POWEL, THE FORMER US SECRETARY OF STATES.

OMO IGBO ...........GIVING NIGERIA BAD NAME SINCE 1960

The guys is a bloody liar to have claimed he manufactured the drone....Phantom drone he was holding is manufactured in China