tit: DrFool,
By your calculations, Nigeria made $26billion in two years.
And you are wondering what happened to the money.
When there are no physical infrastructure.

Well, most of the money went into stomach infrastructure.
Where did Ogboni get the money for the odourless fufu we ate last week?
Did he indulge in any real capital generating venture?
After swallowing the fufu, you are still asking for $26billion?
Your foolishness did not reconcile that 75% of Nigeria's expenditure is recurrent.

In a nut-shell, you cannot eat your fufu and have it. You don't have to be insultive.

drshrewd: the worse aspect of the whole mess is that these government has plunged our debt profile to all time high( in excess of N10trillion) financing recurrent budget (in excess of 70% ) in the past few years. what a joke of a government

tit: DrFool,
By your calculations, Nigeria made $26billion in two years.
And you are wondering what happened to the money.
When there are no physical infrastructure.
Well, most of the money went into stomach infrastructure.
Where did Ogboni get the money for the odourless fufu we ate last week?
Did he indulge in any real capital generating venture?
After swallowing the fufu, you are still asking for $26billion?
Your foolishness did not reconcile that 75% of Nigeria's expenditure is recurrent.
In a nut-shell, you cannot eat your fufu and have it.

drshrewd:
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[color=#990000]hey mrs tit. this is not time for pun or sarcasm but time for critical and dispassionate reflection on the state of affairs of our dear nation. hope you read the post above you how the country's recurrent budget is embarrassingly in excess of 70%. The $70 budget bench mark has already taken care of your so called stomach infrastructure (lol). it is the $30 excess that accumulates to over $26b we are talking about here.

BishopMagic:
SHUT UP!
This government is the only one since to address the issue of recurrent expenditure by cutting down on waste. The IPPIS payment platform has drastically eliminated Ghost workers and save the government 160 billion Naira.
The debt profile you are touting is mainly local debts owed by the FG to contractors and bond markets.
Nigeria's economy has never been better off to which the rebasing of our economy can attest to.
Next time you want to spew your trash at least try and make it look good.

only government to address the issue of recurrence expenditure by consistently having a recurrent budget in excess of 70%, only government to address the issue of recurrence expenditure by maintaining an excess of 10 presidential fleet and planning to add more, only government to address the issue of recurrence expenditure but his ministers spend billions in hired jets and bullet proof cars, only government to address the issue of recurrence expenditure but spend billions in food. what an irony.
you talk of ghost workers so you president is so gullible all this while that he so blind to see that he has been a cheat for the past four years only to realize it now? what a higth of incompetency

drshrewd:
only government to address the issue of recurrence expenditure by consistently having a recurrent budget in excess of 70%, only government to address the issue of recurrence expenditure by maintaining an excess of 10 presidential fleet and planning to add more, only government to address the issue of recurrence expenditure but his ministers spend billions in hired jets and bullet proof cars, only government to address the issue of recurrence expenditure but spend billions in food. what an irony.
you talk of ghost workers so you president is so gullible all this while that he so blind to see that he has been a cheat for the past four years only to realize it now? what a higth of incompetency

BishopMagic:
Go and ask your Governor for your share. The excess crude account is shared to the 3 tiers of Government and is used to fund the incoming budget.
Do you think you can have a budget without capital flow or savings?
Olodo

lol, it is glaring you are not knowledgeable enough to understand the intricacies surrounding the excess crude account. ECA is just a hoax and a pipe-drain to our common treasury. just for the records how many times have they shared the ECA this year? that account is worth more than $2b dollars a month the state governors are complaining of dwindling statutory allocation and the ECA is not getting any fatter this was the account that OBJ left about $20b before he left office

drshrewd:
lol, it is glaring you are not knowledgeable enough to understand the intricacies surrounding the excess crude account. ECA is just a hoax and a pipe-drain to our common treasury. just for the records how many times have they shared the ECA this year? that account is worth more than $2b dollars a month the state governors are complaining of dwindling statutory allocation and the ECA is not getting any fatter this was the account that OBJ left about $20b before he left office

BishopMagic:
Olodo, the Constitution makes the FG to be bloated. It will take a constitutional maneuver to reduce government spending. It will require balls of steel to reduce wasteful and bloated civil service which your northern abokis will do anything to kick against.
Olodo the Presidential Air Fleet was expanded by your Buhari after he seized power and commandeered executive charter jets from govt owned companies like defunct NITEL, NEPA, NPA etc.
Olodo the problem did not start with Jonathan but when your uncles and fathers from the Southwest were mismanaging the civil service.

you carp like over fed kid that is too slow to learn.so you blame the incompetence of your pay master to the Nigerian constitution?so putting up a budget of 24% capital and 76% recurrent is part of the constitution. dropping the corruption charges of billions of naira stolen by the Abachas is also part of Nigerian constitution, budgeting of billions of naira in villa feeding and machinery maintenance as well as an additional presidential jet is also part of the constitution. spending billions on hired jets and bullet proof cars are also part of the constitution right? i think some Nigerian deserves the leaders they have.
so as the problem did not start from him so he should make it ten times worse

BishopMagic:
When ND pulls out of Nigeria you can close the ECA.

lol, no more reasonable input. that is what you get when you try to defend the indefensible. by the way am a proud ND

drshrewd:
lol, no more reasonable input. that is what you get when you try to defend the indefinable. by the way am a proud ND

drshrewd:
you carp like over fed kid that is too slow to learn.so you blame the incompetence of your pay master to the Nigerian constitution?so putting up a budget of 24% capital and 76% recurrent is part of the constitution. dropping the corruption charges of billions of naira stolen by the Abachas is also part of Nigerian constitution, budgeting of billions of naira in villa feeding and machinery maintenance as well as an additional presidential jet is also part of the constitution. spending billions on hired jets and bullet proof cars are also part of the constitution right? i think some Nigerian deserves the leaders they have.
so as the problem did not start from him so he should make it ten times worse

drshrewd: Yawns, am a rivers man and i don't have anything in common with lagos state

oduastates: That nigeria is producing 2,000,000 barrels a day is the biggest joke of all.
They have been giving that number since the time of Abacha .
Like all things rigged e.g elections,census ,salaries,inflated contracts ,ghost workers etc,
nigeria 's oil production is probably between 2.6 million barrels and 4 million barrels

Ibnsultan: Massive economical waste is going on under these Govt. Frm billions spend on Entourage,office of the first lady,private jet. The multinational companies along side elements in Fg are stealing from oil money

BishopMagic:

ABOKI WHAT IS YOUR BUSINESS WITH OIL MONEY?

oduastates: That nigeria is producing 2,000,000 barrels a day is the biggest joke of all.
They have been giving that number since the time of Abacha .
Like all things rigged e.g elections,census ,salaries,inflated contracts ,ghost workers etc,
nigeria 's oil production is probably between 2.6 million barrels and 4 million barrels

Ibnsultan: Massive economical waste is going on under these Govt. Frm billions spend on Entourage,office of the first lady,private jet. The multinational companies along side elements in Fg are stealing from oil money

Ibnsultan: it belongs to Nigerians. And should be use to provide needed infrastructure for all not in some swiss bank account

abdulwastecx:

National aseemblies, the presidency, unnecessary ministries and parastators etc.
To cut than recurrent expenditures Nigerians need to demand for political change and amendments of the constitutions to change the system of gov't

BishopMagic:
at THE BOLDED: Thief!
go and collect your share from Abacha, Buhari and IBB.

abdulwastecx:
National aseemblies, the presidency, unnecessary ministries and parastators etc.
To cut than recurrent expenditures Nigerians need to demand for political change and amendments of the constitutions to change the system of gov't

lol, this is the most ridiculous comment i have read for a long while. so the national assemblies were not their during OBJ tenure when Nigeria was producing barely 1m barrel of oil per day due to ND militancy yet shorned out far better budget . is it not on the prerogative of the government to either expand or contract its Cabinet and its agencies/parastatals thereto in other to efficiently manage it government and hence come up with a responsive fiscal policies .i can clearly see the extent of cerebral damage and hemorrhage pro GEJ have developed defending the indefensible