Debunking the Phantom Debts and Ecological Loan Fallacy
My attention has been drawn to trending claims by the Anambra State Government that my administration left behind inherited debts, including a ₦2 billion ecological loan, contractor liabilities, and unpaid salaries, gratuities, and pensions. This is completely false.
We systematically liquidated historical gratuities and arrears dating back several years, amounting to over ₦35 billion. At the point of handover, the state owed nothing in salaries, gratuities, or pensions, nor did we owe anything to any contractor for projects duly executed and certified.
The ₦2 billion ecological fund in question was released barely three months before the end of my tenure for the Oko/Umuchiana erosion crisis. Despite pressure to spend the money, I refused, insisting that it should be left for my successor because government is a continuum and the funds were tied to a specific project.
The money was therefore left 100 per cent intact in First Bank, in Account No. 2018779464, with a balance of over ₦2.13 billion.
It is important to stress that funds tied to specific projects or set aside for particular purposes were not even included in the over ₦75 billion in savings we left behind.
If anybody can establish anything to the contrary, I will stop campaigning. -PO
@KhalifaKeji@Letter_to_Jack Out of 6 stats used in that image, Rice topped him in 2 against 4 for Caicedo and you still asked this question? You couldn't even banter with accurate information presented to you on a platter!
@heyOnuoha Laravel because of how easy it is to get up and running with it. Also, it has a very healthy ecosystem. I recently picked up Express.js and am loving it too!
Do you know how much you have to earn to pay 10% as income tax in Ghana - GHC 7980 (N966k)
But in Tinubu’s new tax law, N800k, you will pay 15%.
In South Africa, you have to earn more than 273,101 Rands annually (that’s at least N20m) for you to be taxed at all. In Tinubu’s Nigeria, 800k -15%.
In Kenya, threshold is KES 288,000 —that’s at least N3m before your income is taxed. In fact, Kenya’s income tax rates were not raised during the (2024) Gen Z protest o, it was VAT and other duties that were raised and they protested. But in Nigeria, N800k income, you pay 15% and everywhere is calm.
If you look at the tax bands for the countries I mentioned here, you will understand what it actually means to shield low income earners from taxes that will hurt them. That’s what Tinubu, the lair, claims to be doing with his new tax law, when in fact, he has just widened the net to include more low income earners.
Mind you, citizens of SA,Kenya and Ghana enjoy far more dividends from their taxes than Nigerians can ever imagine. They all have electricity to start with.
No Whahala. Make we just dey watch dey go.
In South Africa, Nigerians face xenophobia. In white countries, we face racism. And here at home, we face tribalism. The only one within our control is tribalism, so every day you wake up, choose not to be a tribalist, it’s not hard I promise.
@thekennydisu That would've been the best decision. I mean, it's just 5mins into the game. With 10 men, he condemned his team to over 85 minutes of torture.
@matajson Yeah, that's the word there Dr. Well deserved. That guy always makes sure he spoils things for the team and the coach seems to always reward him for the mumu behaviour.
Like I told a friend yesterday, Nigerian leaders cannot be implementing first-world policies but be serving third-world governance.
It does not make sense at all.
Dear Victor Boniface,
If there's anything I know about the most publicly jovial people, it is that they use that display as a mask for a lot of pain.
You're a survivor. You're a champion. You'll always be.
Your story doesn't end here.
You are and will always be loved. 🔴 ⚫
Nobody can radicalize you without your consent.
The biggest reason social media comments can radicalize you is because you have always being a radical.
You only needed an outlet, which is a convenient EXCUSE.