solmus:


Second Niger bridge is a major component that would gulp most of the money, in the east - west axis

I didn't read where SNB was mentioned.

CSTR2:

It is going to the place with the least potential to create national prosperity.

That is buharinomics.

Economics driven by nepotism.

And solmus is saying they did risk assessment before giving the loan to Nigerian. He doesn't know that China is gradually purchasinging Nigeria as it has done with other African countries.

Not adding up, not comprehensive and robust, repayment capacity and affordability not sufficient.

This country is getting mortgaged away, generations to come will suffer because the current bastar...ds leading this country are incompetent and will screw this all up.

Looting and corruption will ruin things.

Nigeria is finished!

Simplyleo:

At least there is East-West road.

That road is very important for the igbos.

Don't pretend you don't know.

The obodo Lagos will be very easy to go by road then.

What is this one saying?

solmus:


Saudi, UAE, Kuwait, Bahrain all have more sophisticated US military base and are US ally just like isreal so what is he braging about

Saudi, UAE, Kuwait, Bahrain do not have problems with Isreal.

solmus:


so long you receive allocation you deserve to be taxed

well, naija no good for average and poor people be it igbo, hausa or yoruba.

so na our selves we dey do. Greater part of that money borrowed will be stolen and poor materials used, diverted as usual. Na our selves we all dey do for this country. Something as basic as health care, we see how we exposed our selves so far

Almost everyone now dey run from the country.

Does the house have the power to veto this though?

4four:
South east I hail una ooo, buhari just no get joy for una at all at all

A president should be the president for the whole country

But in Nigeria
We allow these behaviours

DSoj:


Which country is not owing debts? Even China we wanna borrow from is owing?

I said feet deep in debt.

They have been deceiving Nigerians since October 1st,1960 and they will continue in this direction.
Senators becoming emergency contractors
Politicians getting ready for 2023.
Close associates getting juicy contracts.
Debts and interests pilling up.Etc.
Projects not completed.

Lagosfinder:
South east not considered at all

but NNAMDI KANU is in abroad considering you people.

I disagree with most of the things there!!! For goodness sake why are we taking a loan of $500mln to digitize NTA!!! As far as I'm concerned NTA should be privatized. If Channels, AIT, TCV and other are surviving on their own and doing far better than NTA, why should we be taking a loan for NTA?

Even the east West road that's there for me is a fraud. Which east west road are they still doing that needs to be $800mln (NGN288bln!!!) East West Road is Eket Junction to Port Harcourt; Port Harcourt to Warri; Warri to Benin, Benin to Ore; Ore to Shagamu Interchange.

Of these, only Ore to Shagamu and Warri to Benin remain. Not sure that should cost N288bln. unless they plan to add Calabar to Uyo to Eket Junction to it then I can agree.

jimyjames:
And nothing for south east?

It's becoming crystal clear that Buhari doesn't like the South East.

One good thing is that Buhari will not be president forever.

The Igbo man is resilient

CSTR2:

And the irony is that you need to activate the Nnewi -aba- Onitsha industrial clusters to even have a chance at sustainable industrialisation of this country.
I would expect significant investment in roads, power and standardisation of those places.

Invest in the middle belt. Activate their agricultural sector.

The old man is building rails and roads in the north.

To do what? To make Northern -southern Migration easier?

It's a waste. Nobody can convince me otherwise.

Wasteful government

jimyjames:
And nothing for south east?

yarimo:
but NNAMDI KANU is in abroad considering you people.

You think this is funny?

solmus:


banning is just hungering this one.. the last one I sent you on isn't enough

Isn't he saying the truth, Why is the truth bitter in taste?

Witcher:
Most read
Speech as Nigeria Military Head Of State (1983)
Muhammadu Buhari

In pursuance of the primary objective of saving our great nation from total collapse, I, Major-General Muhammadu Buhari of the Nigerian army have, after due consultation amongst the services of the armed forces, been formally invested with the authority of the Head of the Federal Military Government and the Commander-in-Chief of the armed forces of the Federal Republic of Nigeria. It is with humility and a deep sense of responsibility that I accept this challenge and call to national duty.

As you must have heard in the previous announcement, the constitution of the Federal Republic of Nigeria (1979) has been suspended, except those sections of it which are exempted in the constitution. The change became necessary in order to put an end to the serious economic predicament and the crisis of confidence now afflicting our nation.

Consequently, the Nigerian armed forces have constituted themselves into a Federal Military Government comprising of a Supreme Military Council, a National Council of States, a Federal Executive Council at the centre and State Executive Councils to be presided over by military governors in each of the states of the federation. Members of these councils will be announced soon.
The last Federal Military Government drew up a programme with the aim of handing over political power to the civilians in 1979. This programme as you all know, was implemented to the letter. The 1979 constitution was promulgated.
However, little did the military realise that the political leadership of the second republic will circumvent most of the checks and balances in the constitution and bring the present state of general insecurity.

The premium on political power became so exceedingly high that political contestants regarded victory at elections as a matter of life and death struggle and were determined to capture or retain power by all means. It is true that there is a worldwide economic recession.
However, in the case of Nigeria, its impact was aggravated by mismanagement. We believe the appropriate government agencies have good advice but the leadership disregarded their advice. The situation could have been avoided if the legislators were alive to their constitutional responsibilities. Instead, the legislators were preoccupied with determining their salary scales, fringe benefit and unnecessary foreign travels, et al, which took no account of the state of the economy and the welfare of the people they represented.

As a result of our inability to cultivate financial discipline and prudent management of the economy, we have come to depend largely on internal and external borrowing to execute government projects with attendant domestic pressure and soaring external debts, thus aggravating the propensity of the outgoing civilian administration to mismanage our financial resources. Nigeria was already condemned perpetually with the twin problem of heavy budget deficits and weak balance of payments position, with the prospect of building a virile and viable economy.

The last general election was anything but free and fair. The only political parties that could complain of election rigging are those parties that lacked the resources to rig. There is ample evidence that rigging and thuggery were relative to the resources available to the parties. This conclusively proved to us that the parties have not developed confidence in the presidential system of government on which the nation invested so much material and human resources. While corruption and indiscipline have been associated with our state of under-development, these two evils in our body politics have attained unprecedented height in the past few years. The corrupt, inept and insensitive leadership in the last four years has been the source of immorality and impropriety in our society.

Since what happens in any society is largely a reflection of the leadership of that society, we deplore corruption in all its facets. This government will not tolerate kick-backs, inflation of contracts and over-invoicing of imports etc. Nor will it condone forgery, fraud, embezzlement, misuse and abuse of office and illegal dealings in foreign exchange and smuggling.
Arson has been used to cover up fraudulent acts in public institutions. I am referring to the fire incidents that gutted the P&T buildings in Lagos, the Anambra State Broadcasting Corporation, the Republic Building at Marina, the Federal Ministry of Education, the Federal Capital Development Authority Accounts at Abuja and the NET Building. Most of these fire incidents occurred at a time when Nigerians were being apprehensive of the frequency of fraud scandals and the government incapacity to deal with them.

Corruption has become so pervasive and intractable that a whole ministry has been created to stem it.
Fellow Nigerians, this indeed is the moment of truth. My colleagues and I – the Supreme Military Council, must be frank enough to acknowledge the fact that at the moment, an accurate picture of the financial position is yet to be determined. We have no doubt that the situation is bad enough. In spite of all this, every effort will be made to ensure that the difficult and degrading conditions under which we are living are eliminated.
Let no one however be deceived that workers who have not received their salaries in the past eight or so months will receive such salaries within today or tomorrow or that hospitals which have been without drugs for months will be provided with enough immediately. We are determined that with the help of God we shall do our best to settle genuine payments to which government is committed, including backlog of workers’ salaries after scrutiny.

We are confident and we assure you that even in the face of the global recession, and the seemingly gloomy financial future, given prudent management of Nigeria’s existing financial resources and our determination to substantially reduce and eventually nail down rises in budgetary deficits and weak balance of payments position. The Federal Military Government will reappraise policies with a view to paying greater attention to the following areas: The economy will be given a new impetus and better sense of direction. Corrupt officials and their agents will be brought to book.

In view of the drought that affected most parts of the country, the federal government will, with the available resources, import food stuffs to supplement the shortfalls suffered in the last harvest.
Our foreign policy will both be dynamic and realistic. Africa will of course continue to be the centre piece of our foreign policy. The morale and combat readiness of the armed forces will be given high priority. Officers and men with high personal and professional integrity will have nothing to fear.

The Chief Justice of Nigeria and all other holders of judiciary appointments within the federation can continue in their appointments and the judiciary shall continue to function under existing laws subject to such exceptions as may be decreed from time to time by the Federal Military Government. All holders of appointments in the civil service, the police and the National Security Organisation shall continue to exercise their functions in the normal way subject to changes that may be introduced by the Federal Military Government.

All those chairmen and members of statutory corporations, parastatals and other executive departments are hereby relieved of their appointments with immediate effect.
The Federal Military Government will maintain and strengthen existing diplomatic relations with other states and with international organisations and institutions such as the Organisation of African Unity, the United Nations and its organs, Organisation of Petroleum Exporting Countries, ECOWAS and the Commonwealth etc. The Federal Military Government will honour and respect all treaties and obligations entered into by the previous government and we hope that such nations and bodies will reciprocate this gesture by respecting our country’s territorial integrity and sovereignty.
Fellow Nigerians, finally, we have dutifully intervened to save this nation from imminent collapse. We therefore expect all Nigerians, including those who participated directly or indirectly in bringing the nation to this present predicament, to cooperate with us. This generation of Nigerians, and indeed future generations, have no country other than Nigeria. We shall remain here and salvage it together.

May God bless us all. Good morning.
The speech is fresh like it's was today.

u hv not still answered my question. why is a bag of rice that was #8000 a bag before,is now #25000 a bag ? Everything has gotten out of control.pls why? #8000×3 = #24,000.

DexterousOne:
No single tangible project in the south east?

And we have reps and senators

Smh

My observation is that South East seems not to understand what is happening. Most of the guys using Yoruba names here are not from South West except few slaves that wear the caps of their master to religious functions (Waasi) in South West. That cap shows the religion they are practicing comes through their master _- the Fulanis.

The breakdown, poorly edited and senseless is just a paper work. $500M to digitize NTA?What about the money spent on this project before? How much did DSTV spent to upgrade its digital channels? If NTA were to be a CNN in US, would they have spent $2 billion dollars for digitization in the last 20 years? This project started during Ben Bruce era. Where is NTA account?

The South needs to work together. The South East and South South should have kept quiet and not make any plan or noise when the South West notify the nation of her intention to form regional security outfit.

Sweeetheart:
southeast people must stop feeling inferior, they've the right to protest this marginalisation of this Buhari government

But will our reps and senators do that?

KEVIND:


The North is too greedy (70% of the loan is for the North). The funny aspect is that 90% of the loan will be repaid with the resources from Niger delta.

The North is not greedy, they are smarter than the greedy Niger-Delta politicians that will build $10 airport for $200 million ( Bayelsa airport). The North are investing in infrastructures that will sustain them for the future, an updated railway from Kano to Lagos will improve logistics and distribution in the North. The Mambila Dam will improve electricity in the North.


This should have been GEJ/IWEALA/Diezani flagship project:

– Railway modernisation coastal railway project (Calabar-Port Harcourt-Onne deep seaport segment ($3.47bn; Cross River and Rivers states)

The South-South should be thanking Buhari.

Inhabitable1:


Isn't he saying the truth, Why is the truth bitter in taste?

if you ibos cry on my mention from now till next year it doesn't change the fact that you remain marginalized

i thought it was only me that saw that nonsense.. same amount as education.

NLReposter:
I am seeing NTA digitalisation there

Are these people okay?

babaolofin:


My observation is that South East seems not to understand what is happening. Most of the guys using Yoruba names here are not from South West except few slaves that wear the caps of their master to religious functions (Waasi) in South West. That cap shows the religion they are practicing comes through their master _- the Fulanis.

The breakdown, poorly edited and senseless is just a paper work. $500M to digitize NTA?What about the money spent on this project before? How much did DSTV spent to upgrade its digital channels? If NTA were to be a CNN in US, would they have spent $2 billion dollars for digitization in the last 20 years? This project started during Ben Bruce era. Where is NTA account?

I can see that

DexterousOne:


You think this is funny?

and who is joking with you ?

Wow

solmus:


says the dude who serves a lord who was gay and had 12 gay disciples , his lord got sacrificed while his lords father accepted the blood of his son after being humiliated to death on a cross

chai Mohammed's decaying corpse must be tasting like carbide cos the guy was one useless drunk that got poisoned by a mere girl while fantasizing how her Punana will be

solmus:


if you ibos cry on my mention from now till next year it doesn't change the fact that you remain marginalized

So why will someone being "marginalised" if true make you so happy

From your comments so far

This idea has been exciting you

yarimo:
and who is joking with you ?

You think this is funny and good right?

KEVIND:


The North is too greedy (70% of the loan is for the North). The funny aspect is that resources from the Niger delta will be use to pay back 90% of the loan.The North will contribute absolutely nothing to the repayment plan

100% not 90%.....

solmus:


we would marginalize you till year 3023, besides you cant you see East-West road.. and we know your dream as an ibo man is always to cross river niger and come to the west to hustle

Ibo don't go to west, they only go to Lagos as part of their contribution in building the city as former capital, it's a collective efforts of all Nigerians, other part of the west is too dry.