FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 - Politics - Nairaland
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| FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by ceo4eva: 6:57am On Dec 25, 2013 |
•Presidency gets N35.4b, confab N700m The Federal Government plans to spend an estimated N59 billion on ex-militants, according to details of the 2014 Appropriation Bill presented to both arms of the National Assembly last week. A breakdown of the figure showed that while N23.6 billion will be spent for payment of stipends to 30,000 ex- militants, another N35.4 billion is allocated for transformed ex- militants. The Presidency is to spend a total of N33.4 billion within the fiscal year, out of which N25.106 billion represents recurrent expenditure, while capital expenses is estimated at N8.39 billion. A further breakdown of the Presidency’s budget shows that N320.222 million is for ‘honorarium and sitting allowance,’ N267.775 million for ‘welfare.’ The Economic and Financial Crimes Commission (EFCC) has been allocated N10.245 billion in the budget, comprising N8.838 billion, or 86.26 per cent recurrent expenses and N1.406 billion, or 13.72 per cent as recurrent. The budget also made provision of N700 million for the proposed National Dialogue. Allocation proposed for the Education sector increased to N493.45 billion of the total, which represented 10.6 per cent of the total 2014 budget proposal. The Appropriation Bill, presented by Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, before both arms of the National Assembly, showed that N3.7 trillion, representing 72 per cent of the N4.6 trillion, is to be spent on recurrent expenditure, while N1.1 trillion was earmarked for capital projects. This, according to analysts, does not tell of any plan for infrastructure development in the coming year. The document, they believe, failed to address critical needs of the country. On the revenue side, the Bill proposed a Gross Federally Collectible Oil and Gas Revenue of N7.16 trillion while Non-Oil Revenue is projected at N3.29 trillion. Out of the oil revenue, total deductions, including cost of crude oil production, subsidy payments, and domestic gas development is put at N2.15 trillion, the same amount as in 2013. The Federal Government budget revenue is estimated at N3.73 trillion. Subsidy payments were maintained at the 2013 level of N971.1 billion. On the fiscal balance side, the government projected that in the 2014 financial year, fiscal deficit would be about N911.96 billion, representing about 1.90 per cent of the GDP while total borrowing of N571 billion is proposed in the Appropriation Bill, representing a mere N6 billion decrease from the approved 2013 figures. For Edwin Ikhinmwin, a financial analysts and former bank chief executive, the 2014 budget does not show any sign of helping to create jobs, which would ordinarily come through massive capital investment “needed to rejuvenate our dilapidated infrastructure and build new capacities to support job creating growth.” Consequently, he told Daily Independent, a “budget document that provides only 27 percent for capital expenditure is a trip in self delusion and propagation of false hood. The weight of recurrent expenditure cannot be supported by the capital budget. This is symptomatic of a rent economy whose long-term growth is not sustainable. It is like the winner of a lottery who changed his style to expensive consumption without investing in sustaining wealth creation. The money soon got finished and he became poorer than before.” Olufemi Awoyemi, and analyst and Chief Executive of Proshare Nigerian, an online finance and economy portal, lamented the inequity in the distribution of spending in the budget. He is particularly concerned that 72 per cent of the spending is earmarked for payment of salaries and wages to about 10 million workers or less than six per cent of the nation’s 174 million people. Even under in the days of military, he lamented further, “capital expenditure never grew below 40 per cent of total budget… We just bloated the civil service with every many of hangers’ on and political jobber.” Mallam Garba Kurfi, Managing Director, APT Securities and Funds Limited, told News Agency of Nigeria (NAN) in an interview in Lagos, that the Nigerian economy would not grow with the scant emphasis on capital expenditure. Allocating a mere N1.1 trillion for capital expenditure is a child’s play, considering the nation’s huge infrastructure challenge, and that Nigeria needs capital expenditure for the economy to experience meaningful growth and development. Sehinde Adenagbe, Managing Director, Standard Union Securities Limited, however expressed dissatisfaction with the late presentation of the budget, calling for quick passage of the budget, which he regarded as the “road map for economic activities”. This, he said, would help companies in decision making on investment, since it is a pointer to the direction of the nation’s economy in the new year. Harrison Owoh, Managing Director, HJ Trust & Investment Limited, also told NAN that the budget proposal failed to address critical sectors of the economy, and that it was indeed disheartening that bulk of the nation’s budget would be used for wage payment instead of capital projects. He said that the Federal Government should be bothered about the sufferings of the masses and ensure the provision of basic social amenities. http://dailyindependentnig.com/2013/12/fg-budgets-n59-9b-30000-ex-militants-2014/
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| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by obitwo: 7:04am On Dec 25, 2013 |
Just N700m to discuss the future of this country while ex militants take over eighty times that as their pocket money Amazing |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by IboKiller: 7:07am On Dec 25, 2013 |
 What a joke of a country! |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by TonySpike: 7:10am On Dec 25, 2013 |
That amount of NGN 59.9 Billion is too small for ex-militants. I think the entire budget should ALWAYS be dedicated to the welfare of the ex-militants instead. Lest I forget, how much will it take to build the Second Niger Bridge sef? I loooove this government... 3 Likes |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by teniyi(m): 7:16am On Dec 25, 2013 |
Oti da Baun. Up Ijaw president. No sensible achievement yet. Roads are still bad, light not stable yet, 5 months strike by lecturers at a go, crime at the highest ever, bunckering is booming, all this and many more after we paid more for PMS. Greatest mistake and regret by the people that voted this inexperienced,shoeless, clueless palmwine drunkard! 5 Likes |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by cashkid18(m): 7:29am On Dec 25, 2013 |
d oil belongs to them  |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by obitwo: 7:35am On Dec 25, 2013 |
Tony Spike: That amount of NGN 59.9 Billion is too small for ex-militants. I think the entire budget should ALWAYS be dedicated to the welfare of the ex-militants instead. Lest I forget, how much will it take to build the Second Niger Bridge sef? I loooove this government... Tompolo will the Second Niger Bridge and toll it Instead of going cap in hand to Abuja, they better be going to the creeks of Bayelsa 1 Like |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by oduaboy1: 7:46am On Dec 25, 2013 |
Dedicating 56.6billion naira to some lazy militants in the creeks. Meanwhile the pillars of his administration are still grovelling at his feet for a 2km 2nd niger bridge. |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by taharqa: 7:56am On Dec 25, 2013 |
teniyi: Oti da Baun. Up Ijaw president. No sensible achievement yet. Roads are still bad, light not stable yet, 5 months strike by lecturers at a go, crime at the highest ever, bunckering is booming, all this and many more after we paid more for PMS. Greatest mistake and regret by the people that voted this inexperienced,shoeless, clueless palmwine drunkard!The New Prayer Point hencefort folks is: may those people who say that GEJ had not done anytin and deny his many Projects (Roads, Airports, Seaports, Riverports, Rail, Housing, Schools, Hospitals, Dams, Agriculture, Trade, etc etc etc), COLLAPSE AND DIE (or nearly so) Anytime they actuali use any of these Projects..... Guy, abeg say a big AMIN. Compliments of d Season 6 Likes |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by taharqa: 8:10am On Dec 25, 2013 |
By d way, wasn't it you CLOWNS who told d rest us 2 days ago on anoda thread that late Yar'adua was many times greater than GEJ cos he reduced Petrol price from #70 to #65 and cos of d Amnesty Program. So you HYPOCRITES didn't know that the CORE component of that Amnesty Program is d payment of stipends to d Ex-militants and their training?... You chaps can't hv it both ways: it is either a good tin Or not. It can't be both ways 4 Likes |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Goddex: 8:15am On Dec 25, 2013 |
taharqa: The New Prayer Point hencefort folks is: may those people who say that GEJ had not done anytin and deny his many Projects (Roads, Airports, Seaports, Riverports, Rail, Housing, Schools, Hospitals, Dams, Agriculture, Trade, etc etc etc), COLLAPSE AND DIE (or nearly so) Anytime they actuali use any of these Projects..... Guy, abeg say a big AMIN. Compliments of d Season . |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by pigin: 8:18am On Dec 25, 2013 |
Why are you pple so interested in our affairs? Go and die"""""""" its Our Oil""""""" a militant account should be opened with CBN and #200billion should be deposited every year just like ASUU""""  2 Likes |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Goddex: 8:25am On Dec 25, 2013 |
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| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Nobody: 8:35am On Dec 25, 2013 |
misplacement of priority....ASUU went on strike for close to six months,and this huge amount is allocated to touts,all in the name of transforming them. Then it shows the FG is in a way of encouraging mental,and physical laziness,cos it seems thugery pays in this part of the world,if you are in doubt,see Gani Adams,Tom Ateke,Asari dokubo,etc. |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by SLIDEwaxie(m): 8:40am On Dec 25, 2013 |
Like i said, the president dnt av to be all knwing or brilliant. So far he has himself sorrounded by sensible people. Many people have been wondering why the wealth was concentrated in a some place. Growing economy, wretched masses, wrongest infrastructure! Check out this brilliant comment form a brilliant man He is particularly concerned that 72that's all! U all think ur okonjo is brilliant? She needs a lesson from brilliant people! 2 Likes |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Goddex: 9:09am On Dec 25, 2013 |
SLIDE waxie: Like i said, the president dnt av to be all knwing or brilliant. So far he has himself sorrounded by sensible people. [size=16pt]And you think you make sense? ASUU went on strike agitating for higher pay and you buffoons were here supporting them. You cannot eat your cake and have it. Fed Govt's revenue is fairly constant at 4.6 trillion naira and the more higher wages are approved for civil servants such as ASUU etc the less the amount available for capital expenditure. It's not rocket science [/size] 3 Likes |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by otokx(m): 9:27am On Dec 25, 2013 |
Goddex: ASUU did not ask for salary increase but infrastructural development. 1 Like |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Delafruita(m): 10:37am On Dec 25, 2013 |
taharqa: By d way, wasn't it you CLOWNS who told d rest us 2 days ago on anoda thread that late Yar'adua was many times greater than GEJ cos he reduced Petrol price from #70 to #65 and cos of d Amnesty Program. So you HYPOCRITES didn't know that the CORE component of that Amnesty Program is d payment of stipends to d Ex-militants and their training?... You chaps can't hv it both ways: it is either a good tin Or not. It can't be both wayswhat's this one saying?are you justifying such huge allocation to a group of criminals or ex-criminals?its good to note that you didn't consider defending the lopsided distribuition between recurrent and capital.that you didn't think it made sense to explain why we are still spending almost 1trillion on fuel subsidy shows that even you no longer has the heart to defend most of the actions of the retardeen |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by adino(m): 11:05am On Dec 25, 2013 |
taharqa: The New Prayer Point hencefort folks is: may those people who say that GEJ had not done anytin and deny his many Projects (Roads, Airports, Seaports, Riverports, Rail, Housing, Schools, Hospitals, Dams, Agriculture, Trade, etc etc etc), COLLAPSE AND DIE (or nearly so) Anytime they actuali use any of these Projects..... Guy, abeg say a big AMIN. Compliments of d Season powerful prayer point. Permission to use it to bless facebook,twitter, nairaland and other e-rats and e-nematodes. 1 Like |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by sheryf01(m): 11:29am On Dec 25, 2013 |
Gosh!! I swear this man wuld finish Nigeria if left for another term. Some uneducated idiots/tribalist will never see the implication of this kind budget prepared by a govt without foresight. Wait a minute...is it by force to rule  |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by koboko69: 11:36am On Dec 25, 2013 |
pigin: Why are you pple so interested in our affairs? Go and die"""""""" its Our Oil""""""" Slave....how much have any militant given u? People that said they where fighting for our own very niger delta are not being paid...niger delta development is no more thier concern. How long will you keep talking like a slave? Yes its our oil.....but sorry u not a millitant....! Shishi nor go reach your hand. |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Nobody: 11:40am On Dec 25, 2013 |
Goodluck Jonathan is promoting militants criminally. There are over 35 percent of unemployed graduates and he only cares for Ijaw militants. What happened to other ethnic groups? When is the second niger bridge commencing? This man has totally killed Nigeria! >  1 Like |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by carsprayer: 11:45am On Dec 25, 2013 |
berem: Goodluck Jonathan is promoting militants criminally. There are over 35 percent of unemployed graduates and he only cares for Ijaw militants. What happened to other ethnic groups? When is the second niger bridge commencing? This man has totally killed Nigeria! >why are u concerned about how the ijaws spend their money? na wao...how many times did the ijaw peeps ask the hausas on how to spend their groundnut and onion money? |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Nobody: 11:51am On Dec 25, 2013 |
carsprayer: why are u concerned about how the ijaws spend their money? na wao...how many times did the ijaw peeps ask the hausas on how to spend their groundnut and onion money?what a silly question(s) |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by taharqa: 11:58am On Dec 25, 2013 |
Delafruita: what's this one saying?are you justifying such huge allocation to a group of criminals or ex-criminals?its good to note that you didn't consider defending the lopsided distribuition between recurrent and capital.that you didn't think it made sense to explain why we are still spending almost 1trillion on fuel subsidy shows that even you no longer has the heart to defend most of the actions of the retardeenOh! SHUT it tha, fast. In 2008/2009, when Yar'adua was developing his Amnesty Program, VIRTUALI EVERY NIGERIAN VOICE then who talked supported him and even urged him on; and like I said, just sm 2 days ago sm of u hailed d Amnesty program and Yar'adua as d 'best things' to ever happen to Nigeria. The payment of stipend and training of d ex-Militants for a No of yrs was/still is a CORE part of that program. The program was met to last 4 or 5yrs, and so wud continue to this year's end or next..... The questn for yr HYPOCRITES is: did you ever think d program a good and timely program? If yes, at what point and for what reason(s) did it become heresy? |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by taharqa: 11:59am On Dec 25, 2013 |
berem: Goodluck Jonathan is promoting militants criminally. There are over 35 percent of unemployed graduates and he only cares for Ijaw militants. What happened to other ethnic groups? When is the second niger bridge commencing? This man has totally killed Nigeria! >Fooolish comment from a very, very Fooolish and confused gurl?? 3 Likes |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by taharqa: 12:00pm On Dec 25, 2013 |
adino:lol....Permitted granted, Bros |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Nobody: 12:03pm On Dec 25, 2013 |
taharqa: From me up to my 5th generation are from |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Digitron: 12:20pm On Dec 25, 2013 |
Goddex: They should reduced the amount spent on politicians for doing nothing in the name of 'ALLOWANCES' |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by jmaine: 12:28pm On Dec 25, 2013 |
taharqa: Fooolish comment from a very, very Fooolish and confused gurl?? it's an astonishing one at that  . . . .1 Like |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by jmaine: 12:31pm On Dec 25, 2013 |
taharqa: The New Prayer Point hencefort folks is: may those people who say that GEJ had not done anytin and deny his many Projects (Roads, Airports, Seaports, Riverports, Rail, Housing, Schools, Hospitals, Dams, Agriculture, Trade, etc etc etc), COLLAPSE AND DIE (or nearly so) Anytime they actuali use any of these Projects..... Guy, abeg say a big AMIN. Compliments of d Season Lolz . . .People go kpai finish . . .  1 Like |
| Re: FG Budgets N59.9billion For 30,000 Ex- Militants In 2014 by Garrithe1st: 12:39pm On Dec 25, 2013 |
I beg to disagree with many of the APC Posters on this one. 1. Most of those being trained are Niger-Delta Graduates not militants. The training is being coordinated by the Office to the Special Adviser to the President on Niger-Delta(Hon Kingsley Kuku). 2. The training is being done in World-Class Institutions across the world in fields ranging from Oil & Gas, Aviation to Maritime Safety as well as Agriculture. 3. Most of the training last from 6month to a year during the period a monthly allowance of $800-1000 dollars is paid to the trainees. Add to that the cost of accommodation (usually they are paired in hotel rooms). Also depending on the training, Laptops and other needed study aids are provided for the trainees. Note also that the cost of some of this training is usually as high as 49,000 Euros per trainee. I'll be back to add more details as I continue my investigation. 3 Likes |
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