barcanista:
Election is over, post election banters should be winding up as the incumbent administration run her last lap.

During the electioneering period, President-elect Muhammadu Buhari and the ruling party-elect APC made lots of promises. Some of these promises ranges from provision of 24/7 electricity, provision of 3 million jobs annually, ending corruption to standstill, reduction of recurrent expenditure and increase in capital expenditures, provision of monthly stipends for the elderly, disabled and unemployed, and 24 months payment to Youth Corps members (1 year each for service and post service period) and feeding of public primary school pupils across the country. All these are in addition to numerous capital project that was promised by the government.

There are also several demands from different groups to the President-elect. The "ex-Militants" want Amnesty sustained, the Governors elected on APC's platform led by Rochas Okorocha want increased funding to states, the people in the North want an end to the insurgency, the people in the South South/South East are calling for political and economic emancipation and good leadership, those in the South West are advocating for improved governance and leadership. Everybody is making one demand or the other.


Present Reality
Nigeria's revenue is dwindling already with no hope in sight if the status quo remains. Our budget is destined to run on deficit of over N1.3 trillion, which will only add more burden on the people. The revelation by Ngozi Iweala that Nigeria had to borrow to pay wages and salaries of workers is a sign that we can't continue this way. No country can sustain when it borrows to pay salaries. What happens when the loan becomes too much that more borrowings is rejected? This will sentence us to IMF's Sturctural Adjustment Program, which will take us 100 years backward and punish generations to come.


Mistake of The Outgoing Incumbent
The grave mistake that the Incumbent President Jonathan made was to give in to the 36 States Governors in 2010 led by Bukola Saraki and later by Rotimi Amaechi to share the $25 billion Excess Crude Account among the FG, States and LGs,rather than to admonish them to look for alternative. Sadly, Nigerians never felt the impact of the so call shared dollar windfall. It only expanded the financial war-chest of the politicians and their friends. If this fund was still in place, Nigeria will have no business to resort to borrowing of less then N500b to pay salaries.


The Way Forward
Though President-elect Muhammadu Buhari made loads of promises, he should not subject himself to any form of pressure so as not to make ridiculous decision that will ruin the country in his bid to fulfil his pledge. Buhari should as a matter of urgency scrap the Amnesty Program, he should send an Executive bill to the NASS for the creation of Excess Crude Account Fund and/or any Savings fund that the country may turn to when in dire need. He should put hold to all his social programs and place emphasis on developmental programs. As a matter of importance, he should cut his entire pay package by at least 50% and encourage his Aides and Cabinet members to do same. He should also encourage his party-men to do same. The extra monies should be used as an intervention fund or for capital projects. He should also reduce his number of foreign trips and those of his Aides and Ministers. President-elect Buhari need to revisit the call for Fiscal Federalism (which he promised in 2011), so as to empower states while he creates special fund for the "not-so-viable" states and region to move the nation forward.

The President-elect should revisit our 3 existing refineries and put them in at least 90% productive state so as to reduce our dependent on imported refined petroleum product, and at the same time solve the ever increasing subsidy bills. He should strengthen the anti-corruption agencies and ensure that whoever is indicted is prosecuted and not just that, the loot of the thief is retrieved. His corruption fight should begin with members of his "caucus" and extend outside so as to win the confidence of Nigerians especially the non-Northerners. He should also send executive bill to the parliament to amend sections of our criminal laws and codes that does not reflect to the present reality.

The manufacturing sector should be encouraged along with improved electricity so as to boost our economic prospects. Insecurity ought to be addressed and should not be limited to Boko-Haram fight alone.

President-elect Buhari should do these in addition to long term economic policies for the growth of Nigeria. The success of Buhari's administration is vital for the success of Nigeria. Though in opposition, I shall always wish the administration well.



God Bless Nigeria
Credit: http://www.solomontonye.com/2015/05/economic-realities-way-forward-for.html

Whynotthetruth:


APC is against resource control too as they are against regionalism...hence the reason the north wanted Jonathan out to avoid any chance of its implementation... and they cashed in on jagaban thirst for power and his people bandwagon allegiance to APC as their own party...

PassingShot:

The SW has always been the vanguard of campaign for true federalism from time immemorial and evidence abound. So, stop making it sound otherwise. APC was against the confab for suspicions of hidden agenda of PDP/GEJ and not because of opposition to true federalism.
Lastly, drop the idea of "the north wanted Jonathan out". The fact is that GEJ failed beyond pardon and he was voted against by Nigerians. If he performed to just above average of his promises, he would have remained a president even if all the Tinubus and the whole north didn't want him.

PassingShot:


I suppose he's referring to the total money owed by the FG which is now at 11 trillion naira.

omenka:
I wouldn't be doing my conscience any good if I ignored this thread just as I do every other initiated by this op.

Still trying hard to promote a useless blog.

May I never progress in my life if I ever click on that link.

Reality is finally hitting a home run with the purveyors of the killer party ripping themselves apart. FFK, David Mark, Muazu, Olisa Metuh, all of them throwing lethal jabs at eachother. Their online scumscrubbers have no choice but to tone down their inane rhetoric and turn into unsolicited advisers.

This is one veiled little baby step in trying to return back to the fold of progress minded individuals. Your antics aren't gonna fly boy. Look for another lease of life. There would be no protection or ministerial aide position for you here.

Save all your advice for the many PDP minions like yourself on this forum. Hard times lie ahead for you lot. You would need those economic advice more than ever.

omenka:
I wouldn't be doing my conscience any good if I ignored this thread just as I do every other initiated by this op.

Still trying hard to promote a useless blog.

May I never progress in my life if I ever click on that link.

Reality is finally hitting a home run with the purveyors of the killer party ripping themselves apart. FFK, David Mark, Muazu, Olisa Metuh, all of them throwing lethal jabs at eachother. Their online scumscrubbers have no choice but to tone down their inane rhetoric and turn into unsolicited advisers.

This is one veiled little baby step in trying to return back to the fold of progress minded individuals. Your antics aren't gonna fly boy. Look for another lease of life. There would be no protection or ministerial aide position for you here.

Save all your advice for the many PDP minions like yourself on this forum. Hard times lie ahead for you lot. You would need those economic advice more than ever.

NgeneUkwenu:


The irrepressible Omenka! Well Said!

barcanista:
will do it now. Will contact them

atlwireles:


That you have no plans for revenue but 2.3M barrels of crude oil. Maybe your cocoa and groundnut will show up overnight.

PassingShot:


I suppose he's referring to the total money owed by the FG which is now at 11 trillion naira.

omenka:
Hahahaha. Je-what?? Humour me some more boy. You have absolutely no idea what went on behind the scenes. Some of you on this forum are simply too darn ignorant.

Whynotthetruth:



You mean FG and all other state's debt put together... Mind you, APC tops the list of debtors...

I keep saying it here that Anambra template as instituted by Peter Obi and sustained now by Obiano shows how a sincere government can run the state leaving behind great infrastructure projects, development, increased salaries etc without a single debt even in the midst of so-called scarcity or reduced allocation; while less developed states with more allocation than them are wallowing in debts with nothing on ground to show for it except lies and propaganda...

omenka:
I wouldn't be doing my conscience any good if I ignored this thread just as I do every other initiated by this op.

Still trying hard to promote a useless blog.

May I never progress in my life if I ever click on that link.

Reality is finally hitting a home run with the purveyors of the killer party ripping themselves apart. FFK, David Mark, Muazu, Olisa Metuh, all of them throwing lethal jabs at eachother. Their online scumscrubbers have no choice but to tone down their inane rhetoric and turn into unsolicited advisers.

This is one veiled little baby step in trying to return back to the fold of progress minded individuals. Your antics aren't gonna fly boy. Look for another lease of life. There would be no protection or ministerial aide position for you here.

Save all your advice for the many PDP minions like yourself on this forum. Hard times lie ahead for you lot. You would need those economic advice more than ever.

PassingShot:

I have addressed this here:

SeverusSnape:

NgeneUkwenu aka UrennaNkoli is also jealous of barcanista.

barcanista:
Election is over, post election banters should be winding up as the incumbent administration run her last lap.

During the electioneering period, President-elect Muhammadu Buhari and the ruling party-elect APC made lots of promises. Some of these promises ranges from provision of 24/7 electricity, provision of 3 million jobs annually, ending corruption to standstill, reduction of recurrent expenditure and increase in capital expenditures, provision of monthly stipends for the elderly, disabled and unemployed, and 24 months payment to Youth Corps members (1 year each for service and post service period) and feeding of public primary school pupils across the country. All these are in addition to numerous capital project that was promised by the government.

There are also several demands from different groups to the President-elect. The "ex-Militants" want Amnesty sustained, the Governors elected on APC's platform led by Rochas Okorocha want increased funding to states, the people in the North want an end to the insurgency, the people in the South South/South East are calling for political and economic emancipation and good leadership, those in the South West are advocating for improved governance and leadership. Everybody is making one demand or the other.


Present Reality
Nigeria's revenue is dwindling already with no hope in sight if the status quo remains. Our budget is destined to run on deficit of over N1.3 trillion, which will only add more burden on the people. The revelation by Ngozi Iweala that Nigeria had to borrow to pay wages and salaries of workers is a sign that we can't continue this way. No country can sustain when it borrows to pay salaries. What happens when the loan becomes too much that more borrowings is rejected? This will sentence us to IMF's Sturctural Adjustment Program, which will take us 100 years backward and punish generations to come.


Mistake of The Outgoing Incumbent
The grave mistake that the Incumbent President Jonathan made was to give in to the 36 States Governors in 2010 led by Bukola Saraki and later by Rotimi Amaechi to share the $25 billion Excess Crude Account among the FG, States and LGs,rather than to admonish them to look for alternative. Sadly, Nigerians never felt the impact of the so call shared dollar windfall. It only expanded the financial war-chest of the politicians and their friends. If this fund was still in place, Nigeria will have no business to resort to borrowing of less then N500b to pay salaries.


The Way Forward
Though President-elect Muhammadu Buhari made loads of promises, he should not subject himself to any form of pressure so as not to make ridiculous decision that will ruin the country in his bid to fulfil his pledge. Buhari should as a matter of urgency scrap the Amnesty Program, he should send an Executive bill to the NASS for the creation of Excess Crude Account Fund and/or any Savings fund that the country may turn to when in dire need. He should put hold to all his social programs and place emphasis on developmental programs. As a matter of importance, he should cut his entire pay package by at least 50% and encourage his Aides and Cabinet members to do same. He should also encourage his party-men to do same. The extra monies should be used as an intervention fund or for capital projects. He should also reduce his number of foreign trips and those of his Aides and Ministers. President-elect Buhari need to revisit the call for Fiscal Federalism (which he promised in 2011), so as to empower states while he creates special fund for the "not-so-viable" states and region to move the nation forward.

The President-elect should revisit our 3 existing refineries and put them in at least 90% productive state so as to reduce our dependent on imported refined petroleum product, and at the same time solve the ever increasing subsidy bills. He should strengthen the anti-corruption agencies and ensure that whoever is indicted is prosecuted and not just that, the loot of the thief is retrieved. His corruption fight should begin with members of his "caucus" and extend outside so as to win the confidence of Nigerians especially the non-Northerners. He should also send executive bill to the parliament to amend sections of our criminal laws and codes that does not reflect to the present reality.

The manufacturing sector should be encouraged along with improved electricity so as to boost our economic prospects. Insecurity ought to be addressed and should not be limited to Boko-Haram fight alone.

President-elect Buhari should do these in addition to long term economic policies for the growth of Nigeria. The success of Buhari's administration is vital for the success of Nigeria. Though in opposition, I shall always wish the administration well.did u say he should scrap amnesty program?



God Bless Nigeria
Credit: http://www.solomontonye.com/2015/05/economic-realities-way-forward-for.html

dearpreye:


You really do nauseate me! When will you change? Just yesterday you made a sensible post on one thread; today you have returned to your habitat!

NgeneUkwenu:


Nna! gini ka m mere gi?

atlwireles:


That's the functional mindset among the SAI APC crowd. How a person drops $50B as borrowed money in the last 5 years is beyond human comprehension. But that's what they believe, sometimes you have nothing but pity for them.

Forwetinnah:


No na...the people in APC are all descendants of mother Theresa, their states are like Qatar and they're all saints while still stealing in Nigeria
Apeeeeeceeeeee charge...no be change

NgeneUkwenu:


Nna! gini ka m mere gi?

tayebest:
"My advice is just that Nigerian should just be in ease with this incoming government, A country that has been handle by the bad government for the past 16years cannot be build up in a short expectation.

SeverusSnape:

Whynotthetruth:

You mean FG and all other state's debt put together... Mind you, APC tops the list of debtors...
I keep saying it here that Anambra template as instituted by Peter Obi and sustained now by Obiano shows how a sincere government can run the state leaving behind great infrastructure projects, development, increased salaries etc without a single debt even in the midst of so-called scarcity or reduced allocation; while less developed states with more allocation than them are wallowing in debts with nothing on ground to show for it except lies and propaganda...

Whynotthetruth:



ignorance is bliss...did Jonathan borrow any $50billion dollars...do you know what is $50billion dollars?...how much is our budget worth?...kindly drop your evidence here ...you just run around insulting people instead of using that valuable time to educate yourself...

Whynotthetruth:


Sorry, Not with sycophants like you who see partisanship more before patriotism...
Kindly show any of his promises he didn't perform to average?
...if APC supported true federalism like sw, they will go there with their agenda and will raise their voice once they sense any hidden agenda by Jonathan...or can you show me any agenda of APC to that confab...If the stand of APC is synonymous with that of sw, they will support honest men like odumakin in their push...it is all about conspiracy to grab power and not any damn rhetoric from you...Tinubu will always succeed in so far we have people like you still in the system...

PassingShot:


The SW has always been the vanguard of campaign for true federalism from time immemorial and evidence abound. So, stop making it sound otherwise. APC was against the confab for suspicions of hidden agenda of PDP/GEJ and not because of opposition to true federalism.

Lastly, drop the idea of "the north wanted Jonathan out". The fact is that GEJ failed beyond pardon and he was voted against by Nigerians. If he performed to just above average of his promises, he would have remained a president even if all the Tinubus and the whole north didn't want him.

tayebest:
"My advice is just that Nigerian should just be in ease with this incoming government, A country that has been handle by the bad government for the past 16years cannot be build up in a short expectation.
But what I know is that GMB will lay a good governance in Nigeria and for the incoming Government" - senetor-elect on channels tv



Btw. Barcanista why has GEj not have done this in his tenure buh you lay it as a "Must" on GMB