Nobody takes these BBOG campaigners serious anymore. They sold out when their leader was compensated with a political post.

It is not about sharing money but actually making sure the money are used for the purpose it was shared. This is why our economy is in shambles, money is shared monthly with no actual effect on the population and local economy.

I dont understand why the north is still in poverty with very high level of illiteracy when they have enjoyed the highest number of political appointments over the past 100 years.
An outsider might actually think that it will the most developed part of Nigeria as their leaders have had several opportunities to make it so.

I wont be surprised if one sharp guy hasnt cornered all his Local Government allowance. Mr Akande said much without revealing much, the total number of selected people and total money budgetted for the program would have made things clearer, just like the N-power program was done.

Corrinthians:
Typical ipob zombies thread from ipob zombies site. We are not buying that segregation nonsense. Let nnamdi kanu zombies keep religious politics to themselves. When the kuje siphilis suferer told his zombies to kill Kumuyi if he steps his foot in the SE, where were these useless writers?

Your brain should be used in making ewedu as it is currently a waste of human matter.

Forgive my inhumanity but I find this situation very amusing.

Mrs Aisha, we know that already. It is just that your husband is projecting the image of a saint and pauper but still imbibe in actions done by the so called corrupt people. Such hypocrisy is condemnable.

The problem is that Africans are too lazy and will always depend on the western world. Europe developed through hardwork and dedication and not by waiting for aids and advice from far away countries that share no same interest and culture with them, as in the case in Africa.

With each statement made by Aisha, her popularity ia beginning to dwindle like the present state of our economy.

We should give him lifetime presidency since two years isnt enough for him to make reasonable progress.
The truth is if he cant do a decent job in his first tenure (when he is more accountable to the public), giving him a second tenure will result to absolutely nothing as no single politician in Nigeria has performed better in their respective second tenures.

This government is trying to send us back to the cavemen era of using firewood. What is the essence of subsidy removal if petroleum products are still scarce in supply?

It is a shame that with our population, we are still seen as amateurs in the eyes of the world, no thanks to our redundant and brainless leaders.

Na by mouth?

Cost of living is on the increase daily while the salary remains the same. Tell me how one can improve the economy with this kind of policy?

Just like we will be producing pencils by 2018 (according to Ogbonnaya Onu).
Mr Minister, focus on doing your work properly first and then maybe this "dream" of yours will be achieved.

• Records 12-year Low Collection Rate
• Economist Blames Adeosun
• Insiders Claim Unreported Sums May Push It To N3Trillion

Indications have emerged showing that the Federal Government shifted emphasis on taxes back to the traditional resource-base of financing of its yearly budget, because the performance of tax revenue in the out-gone year was very dismal.

At a collection figure of N1.2 trillion as at December 31, 2016, the collection fell grossly below both the government target and the Federal Inland Revenue’s [FIRS self-imposed target of N5 trillion.

Those figures, independently obtained by The Guardian at the weekend represents a 12 – year low revenue collection, dating back to year 2004 when the tax agency raised the sum of N1.194 trillion.

However, a top insider of the tax agency spoke to The Guardian on condition of anonymity, because the collection figure is still being held under wraps by the management.
He confirmed that the actual collection figure that has hit the agency’s tax remittance portal, being held at the Central Bank of Nigeria (CBN), is N1.2trillion, noting that there are still some collections on behalf of the Tax Agency by sister agencies like the Nigerian Customs Service and from the Airlines, which are yet to hit the records.

The official confidently maintained that by the time those collections are reported, the figure may ramp up to over N3 trillion, representing some 75 per cent of the N5trillion, the agency set for itself.

Meanwhile, a closer study of the tax remittance table cited by The Guardian indicates that of the N1.2 trillion collections, the sum of N482.924m has been pocketed as collecting fees.

This is made up of N362.198m and N120.731m, representing 15 percent for the collecting banks and 10 percent for InterSwitch respectively, for collecting the taxes and switching them to the CBN, while the balance has been sent to the CBN.

Further breakdown indicated that non-oil formed the major bulk of the collection, with oil contributing only the sum of N167.013bn.

The annual summary of tax collection from year 2000 to last year indicates that the highest collection was recorded in the tenure of Mrs. Ifueko Omoigui Okauru, with the sum of N5.007tr in year 2012 following hi-tech and revolutionary tax administration reforms introduced then.

That feat was an Olympian jump from a paltry N455.3bn contribution of taxes in year 2000 and after her tenure, the feat is yet to be equaled as collection has been pointing south from N4.805tr in 2013, to N4.714 in 2014 and N3.741 last year; and a likely slump below N2tr this year, if figures reported by the Minister of Budget are anything to go by.

Officials of the Federal Ministry of Finance were not available when The Guardian called yesterday, to provide insight on the development, as calls to their phones could not connect.

However, a senior director at the FIRS on Friday, revealed that the collection is a reflection of the recessionary pressure on the Nigerian Economy.

According to the staff who asked not to be named: “How do you expect greater tax collection in an environment that is almost comatose? Go around, more businesses are shutting down or are either not doing well.

“How can you collect taxes from such businesses. Don’t forget taxes are got from profit. So, if there are no businesses can you still tax such entities?” the staff queried.
When contacted, Head of Corporate Communications of the agency, Mr. Wahab Gbadomosi, said he was out of Abuja and could not speak on the matter.

But, reacting to Nigeria’s failing tax ratio to GDP, a Development Economist, Mr. Odilim Enwegbara, said the development was confirmation that the Minister of Finance was yet to understand the kind of tax policy Nigeria requires to get the country off oil reliance and diversify the economy.

http://www.guardian.ng/news/2016-tax-collection-slumps-to-n1-2trillion/

cc Lalasticlala

You guys should stop stroking Buhari's ego. Citizens dont necessarily need to face hardship before things are put in order. If Buhari is so disciplined, why is he delaying in firing and prosecuting corrupt members in his cabinet?
This modern day sycophancy will not help Buhari in the long run. It is better he is booed now and praised at the end than for the reverse to be the case.

How long will it take Buhari to probe these guys? If people can be detained without concrete evidence, why are these bastards still walking around and at that occupying government positions? In saner countries, those being probed are put on compulsory leave; in our case, they are left to meddle in investigations.

GMBuhari:
I am pretty sure one or more terrorist pointed them out

And I'm yet to see Northerners defending them


If it was my pipu from LiePob land this thread would be full of insults on Buhari

So the bastards hiding terrorists are also liepods abi. Oga you arent making any sense this morning.

Nigeria's economy is presently a total mess but sadly the present administration isn't doing enough or doing the wrong things to remedy the situation.
Policies have been put in place to ban imports in order to revamp exports but it seems the intended result isn't being achieved and this is why:
The basic sectors that drive Industrilization is being underfunded or neglected
Before any country steps up to industrilize, the mining and agricultural sector that provide most of the raw materials needed by industries have to be in fully functional. In Nigeria's case, these sectors have been neglected for decades and allowed to rot. It is very essential that these sectors have to be functioning appropriately to prevent industry owners from sourcing for raw materials outside the country which will lead to depletion of our forex reserve and also increase the cost of production when compared to its imported counterparts. It is presently counter-productive of banning imports when virtually all companies in Nigeria rely on imported raw materials for their industries. I do believe that the Buhari administration have wasted 2 years by neglecting or underfunding the mining and agricultural sectors (both having the lowest budget in the 2016 budget) and also appointing underperforming ministers to man these sensitive posts. To get it right, both sectors should quickly be activated by proper investments by the government and if this task is a tall order for them, the private sector should be given freedom and power to begin investing in both sectors. Bureaucratic bottlenecks should be greatly minimized and incessant government interference should also be avoided. Doing so will boost our raw materials needed for industrilization, create jobs for unemployed youths and also reduce pressure on our foreign reserves.

The power sector is still in comatose
It is alarming that a government that intends to add 20000mw to the national grid has not started out construction works; on an average, most power plants take 4-5 years to be completed, meaning that the present government has already wasted 2 years and has less chances of achieving their 20000mw target. Power is essential for industrilization, given that alternatives to power eg fueling generators etc. is on the high side, serious investments to building more power plants should be ongoing and it is disappointing that nothing of such is happening at the moment.
Also, the issue of gas pipeline vandalism should be looked into and returning peace to the Niger Delta should be of utmost importance.

Government interference on the different sectors of the economy is hindering private sector participation
For a country's economic potentials to be fully utilized, both government and private sectors should play funtional roles with the later playing a more major role. In Nigeria, the case is reverse with the private sector in limbo and the government bearing the full weight and sadly not reaching the desired outcome.
Removal of all hinderance and bottlenecks to private sector participation should be of importance. Presently, the ease of doing business in Nigeria is quite low and this is due to government interference at every given time. For the private sector to thrive, they should be given freedom to operate and take decisions on their own without government constantly meddling into their issues.
The government should focus more on creating an enabling environment and allow the private sector to function optimally.

cc Lalasticlala

I dont think this should be condemned, we should have already be fixing our transmission lines and building more sustainable power plants.
Two years have already been wasted and further delays or bottleneck will do us no favour.

No wonder nothing is moving well in this country.

I laugh at people who think Buhari is fighting corruption. How come the 2016 budget of over 6 trillion naira is yet to be felt till now?

With the high rate of scam and fraudulent job offers nowadays, one cannot be surprised by the gradual disenchantment of applicants.

Suffering upon surfering is the pathetic case of a country called Nigeria.

Power and works ministry needs to be separated as nothing meaningful has been achieved by Fashola.
The finance minister should also be changed, we can't be having negative for 3 consecutive quarters; someone needs to go.

For the power sector to be revamped:
1. The grid system should be dismantled.
2. Power generating companies should be allowed to send power to where ever or whom ever there deem fit.
3. Doing this will bring in more investors into the power sector as it will be profitable than before.
4. Government should hands off and stop interfering in the decisions of power sector players.

Anything short of this will lead to more failure.

Wonders shall never end. You mean the as(s)holes that destroyed Nigeria are now singing for a better Nigeria?
The thunder that will fire them is singing choir in heaven.

Under Buhari:
1. SE has the lowest government positions.
2. SE has the lowest capital projects.
3. SE has the lowest road projects even when it has the worst roads in the federation.
4. Igbos are killed while protesting peacefully while Fulanis are compensated with money for killing people.
5. SE was called 5% and it was made clear there will be punished for not supporting APC even when there is freedom of choice.
Should I continue...

You should ask Buhari why he hates the SE.

The bread "eated" was well "eated".

Only the naive will be hopeful when there is no sign of hope from the government.
It is time Nigerians become realists, as prayers and baseless optimism will not save us, it is time we actually put in work to change this country than relying on God to it for us as God only helps those who help themselves.

It is quite pathetic that after 33 years Buhari is yet to learn from his mistakes.