NewStats: 3,263,737 , 8,181,197 topics. Date: Saturday, 07 June 2025 at 03:50 PM 2q103

Image123:


What is ridiculous is obviously your reaction and consistently poor judgements.

Hmm
You're not making sense

ubimagos:


Nobody inferred that Wike used Rivers Treasury as a "piggybank" as claimed by you. "Olayinka claimed that Abati and his wife allegedly visited Wike’s house to beg for a bailout when he had issues with the Economic and Financial Crimes Commission, EFCC, over money he got from Sambo Dasuki." Whether Wike oblige or not should be a matter for another day!

0bi on his part, is on record that he "invested" state money in his private HER0 b3er company and deposited state monies in a bank he has personal interest " major shares holder" apart from acclaimed slush fund laundered in the Panama paper.

Lol
What an ignoramus. Whether Wike obliged or not
What cave have you been under
So investing funds in a company is worse than giving it out to friends and cronies in your view
What are you folks smoking in your coven?

kedeojo:
Yes, he bought 400 cars to traditional rulers for his second term, when doctors were on strike and teachers also. He could have used the money to upgrade Akwa the state capital that look like a town then under his tenure.

You're the dude who mentioned failing ssce in WAEC just a comment ago
How are traditional rulers friends and cronies to Obi

I guess he's saying this to defend his own sit-tight syndrome

kedeojo:
Attack the message not the messenger. That is how you people wrote English in SSCE numerous times.

Just for clarity sake who is the messenger and what is the message in this scenario

Wahala dey o
There's this panegyrics for Esu in Yoruba mythology which goes that while his worshippers are giving him palm oil to appease him, unknown to them Esu can only be appeased with blood
Sanwo is simply another in a long line of those who were installed by the system only to be wrecked by it.

The real issue which I'm always surprised even the Lagos press are comfortable with is the fact that there's no democracy in Lagos. What you have is a one man show or an oligarchy at best which some zombies think they are a part of whereas they are just a bunch of noise makers who don't have any say in the governance process. Watch them. The same Sanwo they have praised for the rail lines will soon become Judas who should be guillotined and incinerated in the coming days.

As for anyone being able to pacify Tinubu once his mind is set on something, Sanwo should perish that thought. Ambode begged all the perceived confidants in 2018. What did Tinubu do? He told them he's not the one rejecting Ambode. It is GAC. Meanwhile, the deluded zombies who bought that lie can see from how the Obasa saga happened that there's no GAC anywhere. GAC is simply a smokescreen for Tinubu to hide behind when it's convenient for him. There's only one man who is alpha and omega in Lagos. And his words and decisions are final on all issues.

No wonder this gov has been hawking defection like gala yet couldn't make the move
He is aware Aks people are not with him in his journey to the coven
This just shows how spineless and selfish these politicians are
You have your people ready to you yet you choose to ditch them for your personal interest instead of standing up to their interest in their preferred party

stuffs2002:


Stop disgracing yourself online


https://www.youtube.com/watch?v=SF0LIg11jdI

I didn't ask you for a YouTube video
You who know the truth
What school did he study journalism and what's the criteria for becoming an NUJ member

Zumarocket:
the only woman i can fight for is my mother, whether right or wrong.

Sup

stuffs2002:


Why una too like to dey lie so much.
Once someone does not align with your political affiliation, the next thing is to start spreading lies and hate on that person.

Lere Olayinka studied journalism in school and is a member of the Nigerian Union of Journalism (NUJ) but you will rather spread lies on him just because you hate his political affiliations.

What school did he study journalism
What is the criteria for becoming a member of NUJ

Reno's heat has been turnioniown since he ate corn

lailo:

If u said Tinubu who you term a thief and failure still has a grip on Lagos since 2003 when he left as a governor. And Lagos 1999 - 2025(with thieving Tinubu) can never be compared to Anambra 2007-2025 with independent governors, then I will prefer the slave Lagos that competes with countries in of massive developments to liberated Anambra with nothing to show in comparism. You guys are dumb. Foolish tribalists trying to pin a certified failure on everyone. Nigerians have eyes and can recognise a performer compare to a packaged fraud.

Lagos has never been comparable with Anambra and it has nothing to do with Tinubu. Rather it has to do with is status during colonial era and after as the capital.
Only fools attribute Lagos status to one man
If he's so brilliant, tell him to go and model Osun to be like Lagos

Bovis:


Give it up kid, you have lost the argument

Find somewhere to go and get sense

surgical:
It is funny how this their god can do no wrong, Always having issues with his lieutenants, his ego is too big and fragile
They think he is a benefactor but he is actually a predator

They are zombies for a reason

lailo:

It was not abuse of power when the court reinstated him and the governor refused to obey court by removing Sanusi and installing him?
Fools

Stop writing nonsense
It was a FHC that reinstated which clearly had no jurisdiction on chieftaincy and LG matters. So even the court reinstatement was an abuse of power
Clowns everywhere 🤡

gigabyte13:
Fayemi
Aregbe
Lai
Ambode
Obanikoro
Sanwo and the list remain endless

Tinubu go make a nobody be somebody, Dem go reach where power dey , use the power fight am, Emilokan go still get the last laugh over them.

Fear Emilokan, no be ordinary person be that.

Politicians dont joke with loyalty/betrayal just like cultist.
They threat betrayal ruthlessly.
Sanwo forgot his beginning
Power got to his head.
Just six years of power
He through away decades of stewardship towards his Boss.

Lesson for those wey get brain to learn

What did he do wrong
I want to learn sir

grandstar:
What I find weird about gas is that even the poor are embracing its usage. Kerosene demand is going down.

Stove does not give the same result.

The poor are using charcoal not gas

lailo:

Is Appeal court ruling the final? When the High court reinstated him, did the state governor obeyed the ruling, Sack Sanusi and immediately returned him to palace? Oga, he will also wait for supreme court decision on the suit. Till then two of them are still Kings.

Very shameless things
What do you benefit from ing abuse of power and impunity

Image123:


You always get carried away and deceived by the ridiculous. Do you ever learn?

What is ridiculous
Did I write the piece
Dispute what he wrote if you have your facts
I'm sure you're one of the clowns shouting Obasa is gone
You don't seem to know how your mafia operates

CoronaVirusPro:
Even His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) knows Sanwolu is a collateral failure

Ambode was more of a man and leader.

Wonderful!!

DeLaRue:
I found Mr Sanwo Olu's alleged conduct shocking.

What is his alleged conduct that you find shocking

almayda:
If all past governors had this type of vision for their staes,do you actually believe these states will be in the state they are now?fully dependent on fg for survival?

Lagos is not the only state with a deep seaport
Cross River even had it before Lagos
Even Kaduna has inland dry port
There's nothing visionary in a seaport
Stop being brainwashed

Judolisco:
if u can contest for a governor in a State like Rivers and win, then you have 50 million.... His salary here is immaterial, he has local government chairman, a minister and chief of staff before he became governor.... Stop deceiving yourself man

He was minister of state while he was contesting and was accused of looting UPEB funds

damkin24:

What about the 400 Prado Jeep he bought for traditional rulers? Maybe the money is from your family

Which school did you attend
Are traditional rulers state officials or friends and cronies
Don't come here and disgrace yourself!

Mjshexy:
So the governor should have rigged the election in favour of Tinubu because he was in charge of the state's resources just like other evil minded governors did against the votes of the masses! This writer is one of the main cause of the problems Nigerians are facing today, how wicked and conscience-dead can people be

They are called zombies for a reason
They lack common sense
Don't be surprised the full who wrote this crap has never seen an LG chairman's office before but he here advocating for rigging

This TSA is being systematically abandoned. Go to most MDAs now and they nor running alternate s different from the TSA

The Treasury Single (TSA) is one of the crucial policies instituted by the Federal Government to transform Nigeria’s public ing system.

In an era where public trust in governance is hard-won and easily lost, the TSA stands as one of Nigeria’s boldest steps toward redefining public finance. It is more than a system of s; it is a declaration that national resources must serve national interests transparently, efficiently, and with technological pride. The TSA proves that when policy aligns with purpose, transformation becomes inevitable, among several other benefits to the economy, which should be preserved.

When historians document the turning points of Nigeria’s public financial management system, the full implementation of the Treasury Single (TSA) under the Buhari istration will occupy a deservedly prominent place. In an era often characterised by fragmented governance and entrenched leakages, the TSA offered a bold and disruptive correction: the consolidation of federal government finances into a single, transparent maintained by the Central Bank of Nigeria (CBN). It was a reform that reimagined how public funds should be managed, establishing ability where opacity once reigned.

Before the introduction of TSA in 2012, the Nigerian government operated in a financial maze of over 17,000 disparate s, scattered across various commercial banks. This fragmentation not only weakened the government’s ability to monitor its revenues but also allowed funds to sit idly, uncoordinated, while the government borrowed heavily at high interest rates to finance critical projects. The system lacked oversight, incentivised mismanagement, and made the consolidation of public finances a near-impossible dream.

The TSA was Nigeria’s answer to this dilemma. It was not a mere policy adjustment but a structural reform aimed at uprooting decades of bad financial habits. By compelling all Ministries, Departments, and Agencies (MDAs) to transfer their balances to the CBN, the government reasserted control over its cash resources. The TSA made it possible for Nigeria to know its true financial position at any given time, an elementary requirement for any serious nation seeking to manage its economy responsibly.

The economic logic behind the TSA was impeccable. By centralising previously idle funds, the government decreased its need to borrow at high interest rates from commercial lenders. It also curtailed the longstanding practice where banks used public funds to fuel private-sector loans while government ministries struggled to meet budgetary obligations. Financial institutions could no longer feed fat on public resources without adding corresponding value to the economy.

At the heart of TSA’s success is one of the operators, Remita, a homegrown payment gateway developed by SystemSpecs, now Remita Payment Services Limited. Designed by Nigerians, Remita integrates the operations of MDAs with commercial banks, microfinance institutions, and the CBN. It handles both revenue collection and expenditure, providing the government with real-time visibility into its cash flows.

Importantly, Remita is not the TSA itself. The TSA is the policy framework that governs how funds are managed, while Remita provides the technology that executes those directives with accuracy, security, and scalability. This distinction is vital, as it underscores the importance of aligning sound public policy with capable indigenous technology. It shows the power of local solutions in addressing national challenges.

The impact of the TSA has been far-reaching. The government recovered over ₦3 trillion from more than 17,000 previously idle or hidden s. By 2019, over $28 billion had flowed through the system, involving 1,674 MDAs. This centralised view enabled more accurate budgeting and allocation of resources. Wasteful expenditures were curtailed, and fiscal priorities were better reflected in government spending.

The cost savings were also substantial. Monthly bank charges of over ₦24 billion were eliminated. Additionally, the government significantly reduced its “ways and means” borrowing from the CBN, which had previously attracted high interest. This adjustment saved more than $125 million per month in interest payments. Agencies like JAMB, once criticised for low remittances, began posting record revenues. These improvements were not coincidental; they were outcomes of a well-structured system.

The TSA’s implementation was so pivotal that former Minister of Information and Culture, Lai Mohammed, credited it with preventing Nigeria’s economic collapse. He praised the policy for enforcing fiscal discipline, fostering transparency, and empowering the government with critical resources to withstand severe economic challenges.

Globally, the TSA has been recognised as a model reform. Both the World Bank and the IMF have praised Nigeria for its bold and effective approach to cash management. The TSA positioned Nigeria as a continental leader in public financial reform and inspired other African nations to replicate similar frameworks.

Beyond improved financial controls, the TSA has become a symbol of a new governance philosophy. It shows that structural transformation is achievable when policy, technology, and leadership work in concert. Moreover, it affirms the capacity of local technology companies to deliver solutions at scale, countering the long-held belief that core infrastructure must be imported.

It is problematic when a country fails to its most impactful homegrown innovations. Remita’s contribution is not just technical; it is symbolic of what Nigeria can achieve when it invests in its own talent. To undermine such a system is to weaken national capacity and discourage future innovation.

Backing indigenous technology is not only fair but essential for strategic development. Countries around the world are prioritising digital sovereignty by investing in local solutions. Nigeria must do the same. Recognising and fairly compensating technology partners like Remita is sound policy and a strong signal to the innovation ecosystem.

As Nigeria reflects on ten years of the TSA, the focus should now shift to sustainability and improvement. The reform has delivered immense value, but there is room for refinement. The government should prioritise reconciling with technology stakeholders to properly document achievements, address operational bottlenecks, and co-develop strategies for optimisation.

Next steps include onboarding all revenue-generating agencies, strengthening training, improving system interfaces, and maintaining adaptability to changing economic conditions. Consistency in policy implementation is also crucial. Undue politicisation or frequent reviews could weaken confidence in the system. Equally important is a shift in institutional culture. Agencies and leadership must learn to value long-term partnerships, reward merit, and see innovation as a catalyst for national progress.

The TSA is a landmark achievement in Nigeria’s governance history. It has enhanced fiscal discipline, increased transparency, boosted revenue, and restored a measure of integrity to public finance. More than that, it has proven that Nigerian-led solutions can succeed on a national scale. However, this legacy requires deliberate preservation.

As the years , Nigeria must continue to nurture and improve upon the TSA. Technology must be leveraged to further enhance the system’s efficiency, responsiveness, and security. Legislative and institutional frameworks must be strengthened to ensure compliance, while public education campaigns should be launched to deepen citizens’ understanding of their value.

In celebrating the TSA, we celebrate not just a technical achievement but a moral victory, the assertion that Nigeria can, and must, govern itself better. The TSA is a story of possibility, proof that even the most daunting reforms are achievable when there is political will, clear vision, and national commitment.

The TSA has done more than consolidate funds; it has consolidated a vision of what Nigeria can become. By safeguarding and building on this success, we defend not just a policy, but a future of greater ability and national self-reliance. As Nigeria continues its journey toward economic diversification, fiscal stability, and sustainable development, the TSA will remain a cornerstone of that journey, silent, steadfast, and indispensable.

https://thenationonlineng.net/why-tsa-gains-should-be-preserved-for-nigerias-economic-future/#google_vignette

This man has gone full Ortom

APC are failures
I can't imagine any sane individual ing failures
Just look at the price of cooking gas
They are taking us steadily back to the Abacha stove era

SmartyPants:


And I sent you to Google because I don't owe you any answers. Feel free to remain in your ignorance.

You shouldn't make claims you can't substantiate
I used to believe it's common sense

Funny enough same Lere Olayinka has cut and certificate and he's mocking another man's certificate
You can't shame those who are shameless for a reason

lailo:

He should stop even when the court reinstated him? Or bcs the state politics doesnt favour him?

The Appeal Court already said he's not the Emir
Why do you guys enjoy ing tyranny just because it's being done by your favourite politicians who are not even aware of your existence