FG and Umahi’s roads to hell
Consequences of states reducing budgets for 2016
Banking blues in 2016
Why most states are on the verge of bankruptcy
Minimum wage and the inevitable bankruptcy of state governments
Can Nigeria states go bankrupt? (2)
Can Nigerian states go bankrupt? (1)
What exactly did APC promise Nigerians? (2)
Why monthly allocations to states will never be enough -1
Reversal of rice import prohibition and its consequences
Who is baking the Nigerian cake ?
Toss out TSA, please (2)
Toss out Treasury Single Account, TSA, please (1)
Zero-based budgeting and its consequences for 2016
What happened to the 2016 budget?
Mortgaging the States to FG future in name of bail-out (2)
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SubscribeMortgaging states to FG in the name of bail-out
Even the village idiot knew that by May of this year, most states were in deep financial problems. Those hyped to be “innovative” and the confirmed wastrels and utterly corrupt suddenly found themselves in the same boat. I was probably the only person in Nigeria who was not surprised. Several articles had been published on this page predicting that outcome. Two, among others will serve as reminders.
In support of Senate probe of Obasanjo – 2
An army is a nation within a nation…” Alfred De Vigny, 1797-1863. (VANGUARD BOOK OF QUOTATIONS, VBQ, p 14). President Buhari will not probe Obasanjo’s government, not because it will constitute a distraction, as eager propagandists will like us to believe but because of the military tradition of esprit de corps. Once an officer was your superior officer in service, you don’t disgrace him in public. The rare exceptions occur when there is a coup arising out of disagreements among the officers.
In support of Senate probe of Obasanjo, Yar’adua and Jonathan — 1
The Senate by announcing its plan to probe the Federal Governments since 1999 till 2015 has not only demonstrated its independence from the Executive branch, as should be the case, under the principle of separation of powers, it is embarking on a patriotic mission. The reason is simple.
Killing discos? Time for rethink
The story went on to state the reason for the take over. According to the report by Everest Amaefule, “Following the declaration of force majeure by Integrated Energy Distribution and Marketing Company, the core investor in the Yola Electricity Distribution Company, the Federal Government has taken over the beleaguered power firm.”
Nigeria in deep economic trouble: “FG, states, LGs share N518.5bn for June”
For further reference the states’ allocations in July 2006, were as follows: Abia, N3.96bn; Adamawa, N3.53bn; A/Ibom, N14.44; Anambra, N3.61bn; Bauchi, N4.10; Bayelsa, 13.16bn; Benue, N3.8bn; Borno, N4.1bn; C/River, N3.98; Delta, N15.8bn; Ebonyi, N3.0bn; Edo, N4.2bn; Ekiti, N3.08bm; Enugu, N3.3.29; Gombe, N3.15bn; Imo, N4.37bn; Jigawa, N3.92bn; Kaduna, N4.29bn; Kano, N5.55bn; Katsina, N4.30bn; Kebbi, N3.3.59bn; Kogi, N3.5bn; N3.12bn; N5.49bn; Nass, N2.99bn; Niger, N3.90bn; Ogun, N3.45bn; Ondo N6.95bn; Osun, N3.33bn; Oyo, N4.19bn; Plateau, N3.0bn; Rivers, N23.25bn; Sokoto, N3.72bn; Taraba, N3.4bn; Yobe, N3.39bn; Zamfara, N3.53bn.
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