Recession: Senators oppose Saraki on sale of asset, demand TSA review, true federalism

The Nigerian Senate

Senators on Thursday opposed their President, Bukola Saraki, kicking against the call for the sale of some national asset.

Mr. Saraki had yesterday joined the call by some Nigerian elite for the federal government to sell some asset to raise funds to help the country out of recession.

Many of the senators, who contributed as the debate on the recession in the country continued in the upper chamber, blamed the elite, including some lawmakers, for the economic problems of the nation.

Some called for the restructuring of Nigeria’s federalism while others called for a review of some fiscal policies, including the Single Treasury Account (TSA).

Leading the debate, Deputy Leader of the Senate, Bala Na’Allah, called on the government to reconsider its policy on TSA and its policy on domiciliary accounts.

He admitted that though the intention for making the policies may have been germane, they were unfortunately affecting the economy adversely.

He said that the TSA policy had stifled the banks and as such, money was no longer circulating in the economy through loans, mortgages and other means.

“The President has good intentions but we have a few people who are not thinking correctly.

“I recall that I complained when the CBN stopped operation of domiciliary accounts within and outside Nigeria.

“These two decisions must be revisited and redirected to ensure that there is a platform for redistribution of income.

“The two critical decisions of fighting corruption should be revisited,” he said.

Senator Andy Ubah decried the call for sale of national assets, describing it as wrong.

“If we sell our asset now to recover from this recession, what would we sell in the future if we ever slipped into another recession?

“We must seek an alternative way of recovering from this recession but sale of our asset is not the way out,” Mr. Ubah said.

The Majority Whip, Olusola Adeyeye, insisted that the nation must be restructured along the line of true federalism.

According to him, the states cannot keep coming to the federal to collect money while ignoring available resources and potentials in their states.

“Many have asked that we must restructure and I agree that we must restructure.

“If we restructure properly at least there will be a few places where stealing will not be going on at the same time. There will be some modest of exception that we can say what have they done right.

“I want us to look at this current constitutional review, the various exclusive lists and the various concurrent lists; let us look where we have over-burdened the Federal Government.

“If we must revitalise the economy, we must have jobs and projects going in every local government, every federal constituency and every senatorial district of this country.

“Let us begin to implement the zonal intervention projects,” he said, adding that the bitter truth was that people in government also contributed to the problems.

“If we will save Nigeria we must reduce the cost of governance. Nigeria’s estacode is the highest in the world; we must slash it to 50 per cent.

“Obafemi Awolowo campaigned in 1978 that he was going to slash it and it has now grown into five times what it was in those days; we must slash it.

“When you go to our airports and you park your car, you pay N300; that is 75 cents, but in all modern economies you pay per hour.

“If we are going to find money we must become creative.

“All of you with houses in Asokoro, Maitama and Apo and you don’t pay tenement rate; all of us must pay,” he said.

On his part, Sunny Ugboji, supported the need to restructure Nigeria “to enable it to operate true federalism,” saying that states could not continue to come to Abuja to share the national treasure without producing something.

He condemned all persons who kicked against the past administrations when they wanted to save money for the country.

“When the last administration wanted to save money, many of the people who kicked against it are now part of this present administration.

“We must restructure Nigeria: restructuring doesn’t mean disintegrating but just to help every state to tap their potentials and this will help Nigeria too.

“Naira should be allowed to float, floating the Naira would make it impossible for people to get waivers to buy dollar at 197 when it is higher in the open market,” Mr. Ugboji said.

Kicking against call for sale of the nation’s asset, he said that there was need to cure the systemic corruption in Nigeria.

He, however, warned that Nigerians must not be portrayed as thieves as corruption was not peculiar to the country.

“Those who are canvassing that we should sell our asset are getting it wrong; we have sold some of them yet we are still here,” the lawmaker said.

(NAN)

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  • Pirofessor2016

    Can anyone identify a single thought-process in this desultory and rowdy debate?

    There’s no single thought-process. Each person just stood up to say nonsense.

    No sensible policy can be distilled from Nigeria’s mentally bereft Senators.

    • Sword of Damocles

      aah, it is nice when boggers actually contemplate what their eyes just read. The key phrase in your “dismissal” is “thought-process”, and as you probably already know, is FATALLY FLAWED vis-a-vis NASS members(Olusola Adeyeye & kabir Marafa, & Shehu Sani excepted ).

      Just from most of their responses, you can tell that comprehension of the complexities of the matters they spoke about is severely lacking. Godspeed.

  • rayray

    True federalism is still the way out of this mediocre system that is being run in Nigeria, where the center has all the powers that drives whoever is president crazy

  • Omoba1

    The deputy senate leader who talked about the review of TSA and how it has stiffened Banks is making sound judgement. TSA must be reviewed, about 5.3 trillion naira was taken out of the economy – where is the money and what are they doing with that money

    • Opekete

      TSA have nothing to do with the economic situation because whatever money was taken out of the commercial banks still finds its way back into the banks. The TSA is a centralized format of deposit and payment for all government transactions. It has reduced the corruption in the MDAs and government officials can no longer warehouse peoples money in the bank of their choice for several months just for them to corruptly enrich themselves off the interest.

  • AMODE I. T.

    Good work. If the senate should reason and took proper steps as discussed here to get the country out of this problem, history will forever remember you for good. Good name they say is better than silver and gold. May GOD BLESS YOU ALL.

  • Aaaapeecee

    First Question to resolve recession

    WHERE DID BUKOLA SARAKI EARN 65 MILLION DOLLARS HE DEPOSITED IN PANAMA,
    WHILST WORKING FULL TIME AS PUBLIC SERVANT ON MONTHLY SALARY IN NIGERIA?

    BUKOLA SARAKI CANNOT ANSWER THAT SIMPLE QUESTION TILL TODAY AFTER HE
    LIED AND SAID IT BELONGS TO HIS WIFE’S FATHER – A FALSE STATEMENT WHICH
    THE PANAMA MONEY-LAUNDERING LAWYERS HAVE DENIED IN A PRESS STATEMENT.

    • Alkali

      • ₦38.23billion developed legs and got missing in Central Bank under Sanusi Lamido Sanusi.
      • ₦160billion was taken by Sanusi Lamido at the Central Bank for self-determined spending.
      • ₦1.12billion was taken as spent by Sanusi Lamido on lunch for 12 CBN police guards
      in one year.
      • ₦1.12billion was taken in cash and entered in the account as paid to a non-operating airline
      for charter service.
      • ₦240billion was discretionally doled out at will as ‘donations’ by Sanusi Lamido.
      • ₦1.97billion was paid out in cash and entered on Central Bank accounts as “inexplicable
      expense” by Sanusi Lamido Sanusi.
      • ₦20billion was entered as paid out in cash as Legal Fees by Sanusi Lamido to persons unknown.
      • ₦3.086billion was taken by Sanusi Lamido and written off as expense ostensibly to promote
      Central Bank image.

  • Kamalu

    Senator Adeyeye made a lot of sense. He laced his presentation with patriotism. The issues he canvassed are all clearly for the benefit of Nigeria and flaws against the elite who refuses to pay parking fees when they park to fly at our airports, refuses to pay tenement fees in the highbrow neighbourhoods around the country and yet they collect the largest quantum of estacodes while travelling for work even where they sleep in five or seven star hotels at the expense of the common man. His call for restructuring is apt because you don’t expect beggarly states who depend on stipends from Abuja to be creative and productive. Prof. Adeyeye is a proud representative of his people.

    • Incircle

      @disqus_ay1wN2xNnm:disqus : SENATOR ADEYEYE IS VERY DAFT. An answer to a question must be relevant to the question.
      The question in Nigeria today is the negative quarterly overseas trade result for two consecutive quarters;
      which is equal to ‘recession’. What does 500 Naira parking ticket fee to leave a car at the Abuja
      airport have to do with export and import trade? Look, my friend, this entire Senate should be dissolved now!
      Total idiocy is the common thread running through this mentally retarded Senate chamber of Nigeria today.

  • TAWANDA INCOMMUNICADO

    Buhari want’s to sell Nigerian assets to his cronies.

    • Square Two

      @tawandaincommunicado:disqus

      President Muhamadu Buhari can sell the country – Nigeria – provided that……..

      His right to sell must be shown to derive from his personal ownership of any asset he wants to sell.
      He must show that he, Muhamadu Buhari, is the owner of NNPC or the Liquefied Natural Gas company.
      Once he can show us his proof of ownership of these companies Buhari has the 100% right to sell them.
      Alternatively, President Buhari can show the WILL of his parents, if they granted him NNPC under a will.

      Nobody can stop President Buhari from selling Murtala Muhammed Airport in Lagos if he is the owner.
      He can sell any airport as his private property, if he was given any airport under his father’s will as gift.
      The right of a personal owner of a property to sell it cannot be questioned in a democracy by anybody.
      But President Buhari must then deposit the cash from the sale of NNPC or NNDP into his own account.

      • Celestine Agwu

        ……..Excuse me my people…I no know book O…..i just want to give you my own idea……..
        since Raji Fashola cannot do anything good in his life….and supplies zero megawatts……
        …to put Nigeria in permanent darkness….why don’t we sell Raji Fashola to raise money…..
        …………and use it to pay a more sensible Minister that can take us out of this dark ages?……….
        That will be like privatization of government……but we don’t need to sell all the cabinet O………

    • musa aliyu

      Dreamer!

    • IZON Redeemer

      The solution to un-breaking the system was a simple strategy devised by the Jonathan administration known as the Treasury Single account. In the activities that marked its first year in office, the Buhari administration listed the Treasury Single Account (TSA) as its showpiece achievement. Even The Economist of London described the TSA as ‘her (Adeosun’s) Treasury Single Account’. The truth is that TSA does not belong to the beautiful minister of finance, Kemi Adeosun’s, in any way. To address it as her’s is a fraud of the highest order. The idea is the brainchild of Dr. Mrs. Ngozi Okonjo-Iweala and former President Goodluck Jonathan. In an attempt to revise history, the Buhari administration has alleged that the Jonathan government did not have the political will to implement the TSA. What a lie! The truth is that the Jonathan administration had a Joseph who could see tomorrow (to borrow Mr. Adeniyi’s words) and that Joseph is alive today and is named Dr. Mrs. Ngozi Okonjo-Iweala. She warned the then President that an immediate and drastic implementation of the TSA would lead to a colossal loss of jobs in the banking industry whose multiplier effect could trigger recession in the economy. To forestall that from happening, she advised a gradualist approach to its implementation. With the benefit of hindsight, even Segun Adeniyi would have to agree that NOI was correct. The Buhari administration’s mad rush to take glory for another man’s ideas led it to implement the TSA in one fell swoop which has led to the loss of 80,000 direct jobs in the banking industry and has contributed to the recession Nigeria now finds itself in. And the desire to take credit for the work of others, to reap where they did not sow and to bask in the shade of trees planted by others has become a troubling pattern in the life of this administration. Before the coming of Dr. Goodluck Jonathan, the railway sector of Nigeria was broken. Heck, it had even collapsed! The Jonathan administration revived it and not just that, the under appreciated Jonathan government went ahead to complete the Abuja-Kaduna 187 KM fast rail network.

  • kiziking

    This Buhari and her economic minister are just goat heads. Instead of facing the obvious by restructuring the country and reducing the cost of governance, the non passing six moron from Daura is more interested in the Northern interest by refusing the sincere need for federalism. There is not Country in the world where the federalism is doing everything, including digging pit toilets for a village woman in one interior yoruba, hausa or igboland. Many Nigerians are cut off from governance, they don’t know who is the president let alone knowing where the govt is taking them to. I suppose every Nigerian is now aware that we seriously need federalism. The only man that is against it is Buhari and the emirs. Again, the government should introduce house and car tax for those who owns more than a house and a car. They should introduce toll gate fees on rehabilitated roads, they could borrow and invest in infrastructure. The GREATES RECESSION IS THAT WE ARE RULED BY AN ILLITERATE.

  • kiziking

    The greatest form of recession today is that we are ruled by an illiterate: recession from a university professor to a non passing six president, who is the only one denying that we don’t need federalism. For GMB, the hausa interest is prior to the Nigerian interest. Only a mad president can think that selling national properties is the only way to overcome recession. NIGERIA NEEDS FEDERALISM. The FG can’t be doing everything.

    • O.T. Brown

      @kiziking:disqus

      Muhamadu Buhari is too clueless to be president. Wise heads should know that.
      Buhari never had any plan other than for him to be sworn in as personal entitlement.
      The result today is a thoroughly messed up country falling into pieces all around him.

      Never in history have educated people been so daft to expect CHANGE from an illiterate.
      Muhamadu Buhari is not fighting any corruption but embraces corruption inside his cabinet.
      Because of his loose morals and double standards Buhari has now failed to CHANGE Nigeria.

      • I dey hear

        “While the DSS head is from his hometown, Daura, the others are also almost all Northerners
        and overwhelmingly Muslims. In spite of public opinion, he replaced the immediate past
        Inspector-General of Police, a Southerner, with a Northerner, an assistant inspector-general
        whose ascension induced the retirement in one fell swoop of 21 DIGs and AIGs who were
        senior to him.

        This is beyond absurdity.
        We declare emphatically that this is corruption. It is wrong to view stealing of government funds
        as the only form of corruption. A former member of the House of Representatives, Junaid Muhammed,
        alleges that not only is Buhari sectional in his appointments, several appointees are actually his
        relatives. Nigerians did not vote against the Jonathan administration’s impunity for corruption,
        only to be assaulted with another pernicious impunity for cronyism.”

        …………The Punch newspaper Editorial

        [August 1st, 2016)

  • Obinna

    …..Talk, Talk, senate

    • No Comment

      “Nigeria’s President Muhammadu Buhari plagiarized quotes
      from US President Barack Obama in a speech promising change in the West African
      country, according to a statement by his office.

      President Buhari’s office said on Friday
      that a paragraph in the speech urging Nigerians not to fall back “on the same partisanship,
      pettiness and immaturity that have poisoned our country so long”
      was copied from Obama’s
      victory speech after his election in November 2008.”

      …………….AL JAZEERA

      (September 17, 2012)

    • S.O. Akin-Williams

      Dear Editor,

      Premium Times and Nigeria’s Economic Recession

      On this
      economic recession matter that you are discussing here I just want to say that I
      don’t buy the excuse that your newspaper should show sympathy to Nigerians
      since they are illiterate and un-enlightened people. I don’t buy that excuse.
      And your online newspaper has no justification whatsoever to support illiterate
      and un-enlightened people who will remain illiterate and un-enlightened after
      your support. So, why waste your pity? Nigerians don’t deserve pity. Let them
      keep smelling all over the place in their current sufferings of not being able to
      buy soap to wash their clothes or to buy toothpaste to brush their mouths.
      Nigerians don’t deserve pity in the choice they voluntarily made to suffer.

      All Nigerians
      were told by the Nigeria Labour Congress early this year to proceed
      on strike action in protest of Buhari’s increase in petrol price which was
      bound to make all transported products un-affordable. Nigerians were headstrong
      and they refused to go on strike. They made their Labour Union a laughing stock.
      Why should Premium Times sympathize with illiterate and un-enlightened people
      in suicide mood? My advice is that Nigerians have no right to protest the direct
      consequence of their stupidity.

      I am told
      that over three (3) million workers have been sacked from employment so far.
      That is good and just reward for national stupidity. They will not find another
      job for the next five years. The Police will be justified to shoot dead anyone
      who protests this economic recession because nobody can lawfully protest
      against his own acceptance of fuel price increase, and against his own
      acceptance of devaluation of the Naira, and carry placard to protest the
      consequences of both accepted policies.

      • Elder Tiri

        THE RISK OF NIGERIA FALLING APART IN MUHAMADU BUHARI’S FUMBLING HANDS IS TOO HIGH

        TO ASK THAT BUHARI BE GIVEN MORE TIME AFTER DRIVING NIGERIA INTO ECONOMIC RECESSION.

  • TAWANDA INCOMMUNICADO

    BUHARI MUST BE STOPPED FROM MORTGAGING THE FUTURE OF NIGERIANS YET UNBORN !!

    The target is LNG and NNPC and Dangote is already hovering around the LNG like a vulture waiting for the carcass to mature. Many middle eastern cronies of Aso-rock operatives are already waiting to buy up Nigerian assets.

    stopping Buhari and his family members from hijacking our assets is a task which must be accomplished resolutely .

    • ???asking questions

      @tawandaincommunicado:disqus

      But how come no Senator said there was no need for any debate if the Senators have faith
      in Muhamadu Buhari’s ability to govern Nigeria sensibly? How come no Senator said that
      Muhamadu Buhari has already done the right things, and that there’s nothing to add to it?
      That fact alone shows that President Buhari may have lost it even amongst party members.

      • No Comment

        “It is impossible to predict the exact date of a revolution,
        but it is quite possible to deduce scientifically that it is an inevitable.

        The objective conditions in Nigeria today confirm that the conditions for
        revolution are already rotten and major social explosions are impending.

        The masses revolt not primarily because they subjectively want to; they revolt
        because they have to. They revolt because they have been pushed beyond the
        limit. They revolt because the existing order is too rotten to move society forward.”

        …….Campaign for a Workers’ Alternative

    • Tafidan Dogon Daji

      Yes,we should collectively rise to stop the indirect enrichment of others and reenslaving this generation and indeed future generations through economic control of our resources by just a few.Nigeria belongs to all of us including Buhari,Saraki etc etc.
      We must have a say on our economic fortunes.

    • thusspokez

      BUHARI MUST BE STOPPED FROM MORTGAGING THE FUTURE OF NIGERIANS YET UNBORN !!

      The debate took place in the Senate that has no powers to make policies on behalf of the executive arm. AFAIK, the Buhari administration is not contemplating selling off assets.

  • S.O. Akin-Williams

    All Nigerians
    were told by the Nigeria Labour Congress early this year to proceed
    on strike action in protest of Buhari’s increase in petrol price which was
    bound to make all transported products un-affordable. Nigerians were headstrong
    and they refused to go on strike. They made their Labour Union a laughing stock.
    Why should Premium Times sympathize with illiterate and un-enlightened people
    in suicide mood? My advice is that Nigerians have no right to protest the direct
    consequence of their stupidity.

    I am told
    that over three (3) million workers have been sacked from employment so far.
    That is good and just reward for national stupidity. They will not find another
    job for the next five years. The Police will be justified to shoot dead anyone
    who protests this economic recession because nobody can lawfully protest
    against his own acceptance of fuel price increase, and against his own
    acceptance of devaluation of the Naira, and carry placard to protest the
    consequences of both accepted policies.

    • thusspokez

      What has your comment here got to do with the news report on this page?

  • Omotolaaraujo

    They want the TSA gone to steal more funds. It would be nice to see what the FG actually owns that it doesn’t need.

    • Short & Sharp

      MUHAMADU BUHARI CAN ONLY FAIL AND END UP AS THE WORST PRESIDENT EVER,
      BECAUSE HE BUILDS HIS TWISTED CHANGE ON A WEAK AND IMMORAL FOUNDATION;
      WHEREBY THIEVES ARE APPOINTED INTO CABINET TO CHANGE HONEST NIGERIANS.

      • Bros Edwin

        @Omotolaaraujo:disqus : I can never understand Nigerians. They went to Ojota in hundreds in the year 2012,
        and started gyrating like baboons; shouting “65 NAIRA OR NOTHING” as petrol pump price, and,
        they went as far as paralyzing traffic on the streets and closing down business premises too. One would
        think Nigerians are principled until Muhamadu Buhari showed up and increased petrol price to 145 Naira
        per litre mid this year. What did Nigerians do?

        They kept absolutely quiet. What a people! Even Buhari
        went further in that same month of petrol increase to also devalue the national currency. Today the Naira
        is exchanging on the street at 439 Naira to one dollar. What did Nigerians then do this time?
        Nothing again. They started trekking to their offices and shops. They cannot afford transport cost and
        afford the general level of price increase across the board. Hundreds of Nigerians even withdrew their
        children from private schools last Monday due to un-affordable tuition fees. In short, Nigerians prefer
        to destroy their own lives and to destroy the lives of their own children just to save face and avoid
        confessing in public that they have placed an irresponsible bet by voting for Muhamadu Buhari.

        • Foreign Reel

          “Muhamadu Buhari is Nigeria’s problem, not its solution. Muhammadu Buhari writes of building
          an economic bridge to Nigeria’s future. It is hard to see how his administration’s inflexibility,
          lack of vision and reactive approach, will achieve this. Buhari notes that building trust
          is a priority for Nigeria. But an anti-corruption drive that is selective and focused on
          senior members of the opposition party, creates deep political divisions.
          Meanwhile, members of Buhari’s own cabinet, accused of large-scale
          corruption, walk free.”

          ……………….Pete Hoekstra

          (U.S Former House Intelligence Committee Chairman)

          [June 20th, 2016]

        • joe

          The very fact that the pump price of petrol was jacked up to 145 naira and there was no protest, is a manifestation of the trust and faith the majority of our people have in this government. Nigerian folks protested against the increase by Jonathan government because they are aware of the crass looting of our treasury that was going on during the era of that man – Dr. Ebele Goodluck Jonathan.

          • omoba

            Trust indeed. There is no looting today? Wait when they are done and we check their backside to see if there is shit there.

        • HAMZA

          …………………….when you have real leader (that has integrity, honesty and sincerity of purpose), he is like followed even ‘blindly’!!!

  • Realitytalk

    He should not just be saying anything that comes to his mouth, everything is not politics, thank God that the senators who are progressive and wise gave him the best answers

  • joe

    The vultures are circling. Getting ready for the kill. The vampires that have been sucking the blood of progress of this country are addicted to blood-sucking. They will never stop until somebody stops them.

  • IZON Redeemer

    The solution to un-breaking the system was a simple strategy devised by the Jonathan administration known as the Treasury Single account. In the activities that marked its first year in office, the Buhari administration listed the Treasury Single Account (TSA) as its showpiece achievement. Even The Economist of London described the TSA as ‘her (Adeosun’s) Treasury Single Account’. The truth is that TSA does not belong to the beautiful minister of finance, Kemi Adeosun’s, in any way. To address it as her’s is a fraud of the highest order. The idea is the brainchild of Dr. Mrs. Ngozi Okonjo-Iweala and former President Goodluck Jonathan. In an attempt to revise history, the Buhari administration has alleged that the Jonathan government did not have the political will to implement the TSA. What a lie! The truth is that the Jonathan administration had a Joseph who could see tomorrow (to borrow Mr. Adeniyi’s words) and that Joseph is alive today and is named Dr. Mrs. Ngozi Okonjo-Iweala. She warned the then President that an immediate and drastic implementation of the TSA would lead to a colossal loss of jobs in the banking industry whose multiplier effect could trigger recession in the economy. To forestall that from happening, she advised a gradualist approach to its implementation. With the benefit of hindsight, even Segun Adeniyi would have to agree that NOI was correct. The Buhari administration’s mad rush to take glory for another man’s ideas led it to implement the TSA in one fell swoop which has led to the loss of 80,000 direct jobs in the banking industry and has contributed to the recession Nigeria now finds itself in. And the desire to take credit for the work of others, to reap where they did not sow and to bask in the shade of trees planted by others has become a troubling pattern in the life of this administration. Before the coming of Dr. Goodluck Jonathan, the railway sector of Nigeria was broken. Heck, it had even collapsed! The Jonathan administration revived it and not just that, the under appreciated Jonathan government went ahead to complete the Abuja-Kaduna 187 KM fast rail network.

    • HAMZA

      TSA has been there since even before Nigeria’s independence. The ravaging effect of the civil war in Nigeria at the time had made it imperative for government ministries and departments to have had recourse to the idea of operating Treasury Multiple Accounts for the purpose of speedy infrastructural and economic reconstruction: Thereafter, corruption set in, and the system of MTAs continued unstoppable. With the crippling national economic fortunes during the tail-end of last administration, JEG wanted to revisit the deployment of TSA but his party would not allow him for obvious reasons. Harsh economic reality then forced the present administration to go back to TSA again. These are the verifiable facts about TSA in Nigeria!

  • thusspokez

    Senators oppose Saraki on sale of assets, demand TSA review, true federalism

    The Senate do not have powers to make policy for the executive arm of government. The debate over sales of assets is therefore a waste of time; and could be seen as an encroachment on executive powers. Also, it would indicate that these senators don’t quite understand the limit of their powers.

    On the subject of federalism, the country is currently in terrible economic situation, and this should therefore be the main focus.

    • Nobody’sPuppet

      You are naive. Your argument is baseless and lacks substance. How can you argue that the representatives have no right to question or speak against the bad policies of the executive? Although, they may not have the right to stop the executive but they every right to criticise the plan. They have theright to call on the masses to reject any shady deal by the executive

      And lack of true federalism is the reason for lack of development and competitiveness among the states of the federation. Let there be true federalism or perhaps division. Things can’t continue this way. There’s no better time than now. Parasitism must stop. Every state should be forced to embrace creativity and productivity.

  • What came out of previous sales of some of our assets? Can we really explain the management of our finances so far? Where are the records to trace our steps with, especially in regard to how we managed our national wealth from the days of plenty till now? If we sell our assets this time, are we confident that we’ll be able to account for every Kobo in due time? How about the cost of governance, does it reflect the realities faced by an average Nigerian? How about the income gap between those paid the national minimum wage (Nigerian men and women with families) and the ‘ogas’ in government, does it even make sense? Is it really surprising that we’re experiencing this nightmare given our collective attitude since we gained independence over half a century ago?
    My country. My Nigeria. What a pity!

  • DJ Makky Logic, Kad.

    There is no even a clue on how the money that will be realised from d asset sales would be used. Only d so called body-language speaking, witout a properly defined intention. Suprisingly, am not hearing from Tinubu, Liar Moh’d, and all other clueless mediocres. When u plan bad, bad go follow u, simple.