Electorate:
This revelation is mind boggling and should be investigated by the friends of Nigeria and patriots of Nigeria still alive...Why would a citizen do this to his country and love seeing his people suffer when they shouldn't at all?

The embattled Minister of Women Affairs, Uju Kennedy-Ohanenye has said that she was allegedly being victimised by some cabals in government because she refused to sign a $500 million World Bank loan request.

On July 10, 2024, a near physical confrontation between Kennedy-Ohanenye, and the House of Representatives Committee on Women Affairs and Social Development was averted at the National Assembly Complex, Abuja, where the minister had appeared to clarify the controversy surrounding her alleged diversion of N1.5 billion meant for the payment of contractors by officials of the ministry.

[b] But speaking with THISDAY through a phone interview, the minister said that “There is a $500 million loan that was meant to be signed by me, but I refused to sign. There was also a case of $100 million earlier as well. Find out what it was meant for.

“All the loans they collect, including World Bank loans, etc, are you aware that the same World Bank staff in Nigeria takes back 40 per cent and calls it consultation fees?

“These are things you people should look into. You people should focus on where the problem is and let them leave me alone.”

She added: “Now, my life is at stake because I refused to sign the $500 million loan. Let me tell you, if I sign that loan today, I am entitled to five per cent of the money, but I refused to sign it. It is part of why the National Assembly and all of them are after me.

“And that 40 per cent they take is a secret, I found it out. Why should anybody give us a loan and you still direct us how to use the loan, and you take 40 per cent and provide us with a consultant that will take it, and they will take it?

“I told them $100 million is too much to use to teach our women how to save money, we can teach them, let them bring the $100 million and give it to those women and use it to know what to do with their lives."


https://dailytrust.com/tinubus-minister-national-assembly-victimising-me-for-refusing-to-sign-dubious-500m-loan/

helinues:


What exactly is your problem you this boy, did anyone put gun on your head when you made the below comment less than an hour ago.

Stop wasting your life away on NL trolling others for years. Have some shame nigga

Salewa97:
10. The lack of transparency and accountability in government spending has contributed to the destruction of Nigerias economy, with funds being embezzled and mismanaged instead of being used for development and growth.

NorthernAgender:
You are a olodo nothing else. The guy make some points even though if I disagreewith number1and2 points.

helinues:


Orji Kalu once said, any state being trouble by insecurity, the governor of the state want it that way.

You know that's a fact right

1Sharon:
And what country are you from

helinues:


So you want to plant in a day and harvest that same day?

All what you wrote are exaggerated, for example the religion and education, how many states are affected?

helinues:
Half baked post

MrCork:


How can blue film not be real. brother different women from difffernet state fukkk in different ways. calabar women fukk different from hausa chicks. IBO women Bleep different from fulani women. yoruba women fukkk differently from edo women. Benin women fukkk differently from halfcast women. Abia state women fukk different from white women...so watch it. truss me!!!! ((THANK ME LATER))

MrCork:


brother there are plenty nigerian blue films online in IBO, hausa and Yoruba...truss me...You will get all your answers there. it will even help u chooose the best wifey material!!!! (((THANK ME LATER)))

MrCork:


SON...GO N WATCH BLUE FILM I BEG!!! (no oofencse)

HonNL:
Stop the double standards and killings in Gaza - Nigeria's Foreign Affairs Minister


https://www.pulse.ng/news/world/nigeria-tells-israel-to-stop-killings-in-gaza/5md40e5#:~:text=Responding%20to%20a%20question%20on,It%20has%20to%20stop.

AntiZikist:
Which one have you voted in your own region/state that you are proud to stand for?

Gjrich:


https://leadership.ng/arewa-group-lauds-geometric-power-plant-in-aba/

emkz:


How do you even pay someone such money without a contract stating his Social Insurance Number (SIN) or company registeration number for easy tracking and legal protection?

Many people in the UK and Canada prey on Nigerians and dupe many of them by selling bogus sponsorships to them.

If you want to relocate and have no skill, learn the skill first. Skills like plumbing, carpentry and masonry are well sought after. It is people who have no skill who rush after easy jobs like care jobs and social work.

Please, avoid immigration promos from Nigerians in Nigeria or abroad. Many of them are out to scam you. To identify a scam, propose to pay them over the course of a year after you relocate.

They'd most likely not agree. That is the red flag you need.

emkz:
A Nigerian based in Canada, Kayode Stephen, has been accused of defrauding several people of millions of naira under the pretext of getting them certificates of sponsorship for care jobs in the United Kingdom.



https://punchng.com/jobseekers-eyeing-care-jobs-abroad-lose-millions-to-canada-based-nigerian/

osuofia2:

Russia is one of the most corrupt nations on earth. It has so much in Crude,Diamond, gold and many others but nothing to show just like Angola

Originalsly:
Hmmm ... did he put the same effort in reaching out to locals? ... what does the US know about cocoa? ... cocoa is red hot on the world market ... supply can't keep up with demand .... instead of trying to boost local production and trying to find US markets ... whereby ringing in foreign currency .... he's hell bent on inviting the foreigners to control the local ocoa market. Why would they not come? Local farmers are now in danger ... but it doesn't matter .... after all .... it's foreign investment.

Originalsly:
Hmmm ... did he put the same effort in reaching out to locals? ... what does the US know about cocoa? ... cocoa is red hot on the world market ... supply can't keep up with demand .... instead of trying to boost local production and trying to find US markets ... whereby ringing in foreign currency .... he's hell bent on inviting the foreigners to control the local ocoa market. Why would they not come? Local farmers are now in danger ... but it doesn't matter .... after all .... it's foreign investment.

benikad:
Gone are those days. The then Giant of Africa is the largest exporter of Cocoa then we don't even have crude oil. We have a very wonderful economy.

But I weep for my country how things have greatly declined. How corruption ate our country and it's still eating and the sad part is that, the coming generation is being corrupted.

We need to diversify.

But who will save this country??

AngelGabbyShara:
Oyebanji seeks US partnership on economic growth, cocoa development

….As American, Ekiti top officials meet in Ado-Ekiti



https://www.facebook.com/share/p/qq6jeBAMfKBUrPhe/?mibextid=oFDknk

nairalanda1:


Because...and no, I am not here to defend anyone, nor am I political. Let's kick politics off the table.

1. Our forex needs were not as massive under Obasanjo as they are now.

2. In 2005, Obasanjo got debt relief. That, followed by years of favourable oil price increases till April 2014, meant that we had enough cash to defend the naira so to speak.

3.When the oil prices crashed, we were able to pay for buffering the naira for a while, using accumulated savings...that was from April 2014. The first sign of danger was when GEJ was borrowing to pay salaries.

4.By the time Buhari came in, oil prices were on the decline. The response of Buhari was to borrow, and when that was not feasible, to spend more and more of our forex reserves. Of course, oil kept on falling, because the good times were over.


Now back up a bit. If you have read Americanah by Adiche, you would have noted that in the early chapters, one of the main characters describes growing up under hard times.

From 1973-82, we had favourable oil prices. Thus we had forex to defend the naira...and naira was 1 to 1 with dollar. Following the crash of Sept 1982, we had falling oil prices. 1982-2004 was in many ways a bad time for Nigeria....as low oil revenues meant we was not prosperous. It was only periodic devaluation of the naira ...and periodic reduction in subsides that kept us afloat.

Keep in mind, Naira was falling all this while. From N1 to N1 In 1978, it went down to N180-1 dollar in 2014. That is was not worse was due to buffering, and that worsened our debt.

Now here we are. We can't borrow any more. Tinubu cannot borrow anymore, and IMF is waiting for him with harsh policies.



Whereas if we had diversified since independence...we might have had alternate sources of dollars by now. Not everything need come from oil.

Yes, we had 'stable currency back then' but to maintain it, we paid a great price. And it wasn't like the naira was strong then...it was very weak.