Modified

Well you will need to ask your state governor how much of that money he collected in 12 months. When we have known how much the states and LGs collected then we ask the FG why it had to borrow as you want us to.

Mahia Local Government in Adamawa state has fallen. Boko Haram captured Mahia this night

APContherun:
Well you will need to ask your state governor how much of that money he collected in 12 months. When we have known how much the states and LGs collected then we ask the FG why it had to borrow as you want us to.

My friend do you know what $100 billion is?

That is more than the total net aid to the whole of sub Saharan Africa

.

How much was allocated to States in 2012?

A

APContherun:
Well you will need to ask your state governor how much of that money he collected in 12 months. When we have known how much the states and LGs collected then we ask the FG why it had to borrow as you want us to.

The reason why I don't subscribe to this line of argument is because the FG keep receiving a bigger chunk of our earnings. That is why they always receive a greater share of attention and criticism as regards financial prudence. If more powers are devolved to the respective states and we imbibe the principles of true federalism, everyone will look to their respective states to vent their frustrations as regards the lingering negative trends in the country.

Will be back tomorrow to finish this.

#eyes burn.

APContherun:
Well you will need to ask your state governor how much of that money he collected in 12 months. When we have known how much the states and LGs collected then we ask the FG why it had to borrow as you want us to.

Lols! The article is even an estimated never an actual figure so the bloke cannot give any brake down. APC is all about lies and deciet

omenka:
The reason why I don't subscribe to this line of argument is because the FG keep receiving a bigger chunk of our earnings. That is why they always receive a greater share of attention and criticism as regards financial prudence. If more powers are devolved to the respective states and we imbibe the principles of true federalism, everyone will look to their respective states to vent their frustrations as regards the lingering negative trends in the country.

Will be back tomorrow to finish this.

#eyes burn.

Do you know that Jonathan actually went to the G8 Meeting to ask for Another Loan in January 2013?

barcanista:
My friend do you know what $100 billion is?
.

How much was allocated to States in 2012?

You said it equals #16.8 trillion so I know how much it is.
Remove whatever the states and LGs collected out of that and let's question Jonathan on the balance. Your question in the opening comments makes it sound like the FG spent the whole lot.

Opiosko:
Lols! The article is even an estimated never an actual figure so the bloke cannot give any brake down. APC is all about lies and deciet

I'll like to blame it on your keypad.

barcanista:
When a Prime Minister of Britian Speaks, he speak with fact on his table and not a "guesser". That clearly means that Nigeria made between $95 billion to $99. 99999 billion in 2012 alone. Why didn't the Finance Minister, the CBN Governor or the President himself refute it?


When Did Cameron become a Member of APC?

Did Cameron said 100b or "almost" 100b?

My friend Barcanista pls read this

Facts have emerged that a total of N8.8 trillion accrued to the three tiers of government from the Federation Account between January and December 2012 from the statutory and VAT allocations.According to a report by us, this amount is exclusive of other allocations such as derivation (for oil-producing states), excess crude account, domestic crude account, subsidy reinvestment programme (SURE-P), Nigerian National Petroleum Corporation refund and foreign exchange differentials.
From statistics provided by the FG, South-South states received the highest allocations, with Akwa-Ibom receiving N217,776,188,886.07, followed by Rivers State which received N177,488,261,117.17. Bayelsa State got N115,743,144,031.67; Delta State got a total of N156,052,071,645.19, while Edo State got N68,169,040,433.24. Cross River State N63,894,575,941.74.

Lagos State in the Southwest got a total of N168,688,367,207.00 (the highest in the region), followed by Oyo State, which received a total of N93,524,683,879.60. Other states in the region: Ondo, got N78,416,358,272.47 (apart from 13 per cent derivation funds); Osun, N72,200,789,928.64; Ogun, N68,975,959,765.69 and Ekiti, N50,303,046,508.

In the North-Central, Niger State got the highest, with a total allocation ofN79,747,942,955.64, followed by Benue State, which got N74,603,841,100.92. Plateau got a total of N59,990,295,696.88; Kogi N70,564,808,263.64; Kwara N52,393,463,610.54 and Nassarawa, N49,262,377,875.93; FCT, N19,130,584,542.15.

Allocations to the five South-East states are as follows: Abia, N63,964,695,387.15; Anambra, N71,968,922,762.11; Enugu, N62,548,484,175.02; Ebonyi, N45,335,956,658.49 and Imo N77,410,109,305.85.

In Northwest, Sokoto State received N74,313,032,890.28; Kebbi, N63,796,638,658.10; Kaduna, N81,046,716,051.44; Kano, N130,005,314,633.13 and Katsina, N96,823,335,677.90.-Ubong EttahIMOH, Patrick E.+234 803 616 2613+234 802 846 3657

Posted byPatrick E. Imohat07:25
http://patrickimoh..com/2013/01/nigeria-federal-allocation-to-states.html

neenar:
I'll like to blame it on your keypad.

Suit urslf man

Opiosko:
Suit urslf man

Woman, go back to school!

barcanista:
But N8.8 trillion is a FAR cry from N16.8 trillion Naira that the country actually made in OIL Alone in 2012. This is a clear sign of FRAUD!!!
Federal Government has Shortchanged us

What proof do you have that #16.8 trillion instead of the #8.8 trillion quoted above was made?
If you do your mathematics very well you discover the FG alone took slightly above #2.4 trillion out of that, so what did the states do with theirs?

neenar:
Woman, go back to school!

Pls tell Buhari to send me the 27milla he wasted on a useless APC nomination form.

[This amount excluded other allocations that were occasionally made to the states from Excess Crude Account, Domestic Crude Account, SURE-P, NNPC Refund and foreign exchange differentials].

Please note the above still and don't deliberately misinform people just to score cheap points against Jonathan.

Opiosko:
Pls tell Buhari to send me the 27milla he wasted on a useless APC nomination form.

Instead, adult learning centres will be created for you and your illiterate folks to school in. Just wait. In a matter of months after his election into office, opiosko would be able to express himself coherently. This is a promise!

barcanista:
Please I sincerely want to know what happened to the $100 billion that was made in Oil Revenue in 2012 Alone? Considering that the Government had to borrow more and deplete our reserves.


$100 billion = N16.8 trillion


Omenka egift Berem Obiagelli ibnsultan arewanation.

The bitter revisionists are here. So $100 billion oil export now amounts to $100 billion profit?

barcanista:
Guy relax... The British Prime Minister told the World that $100 billion was earned by Nigeria. The Nigerian Government NEVER disputed it as far back as January 2013. The Nigerian Government declared only $52 billion to the Nation, which was share among the FG, States and LGAs. What about the balance $48 billion?

You should be the one relaxing and not me. Present reliable evidence outside what your prime minister said.

APContherun:

You should be the one relaxing and not me. Present reliable evidence outside what your prime minister said.

What is your point exactly?

Sunnybobo3:


The bitter revisionists are here. So $100 billion oil export now amounts to $100 billion profit?

Thank you my brother. Barcanista in his bid to misinform his gullible followers forgot that the country runs joint operation with foreign oil firms and so what his prime minister claims as revenue from total oil export doesn't all come to the Nigerian govt.

https://www.nairaland.com/851212/foreign-firms-take-43-percent

Barcanista always discussing what is bigger than you. One day be one day SSS go arrest you to come defend this your statistics before the federal committees on fiscal appropriation both in the executive and national assembly. Na that day you go know say to go kirikiri na just one man with wig and a gavel

barcanista:
Hahahaha Which allocation was made to the Excess Crude Account? Are you aware that our Excess Crude Account have been depleted beyond mercy?

Guy please show yourself some mercy nah. Habaaa it is getting ridiculous, did I say allocation was made TO or FROM Excess Crude Account to states? When did TO and FROM become one and the same thing?
Stop spreading falsehood on naira land, it won't help you one bit.

APContherun:

Thank you my brother. Barcanista in his bid to misinform his gullible followers forgot that the country runs joint operation with foreign oil firms and so what his prime minister claims as revenue from total oil export doesn't all come to the Nigerian govt.

https://www.nairaland.com/851212/foreign-firms-take-43-percent

My Friend do you think the PM was talking about what the IOCs and Nigeria make in 2012 alone? It is like you don't know what IOCs make annually, please read their annual financial statement. The $100 billion dollars is for Nigeria alone. And you know what? Mr. Femi Aribasala, a Jonathanian Journalist wrote on it in November 2013

More recently, David Cameron, Prime-Minister of Great Britain, is reported to have asked President Goodluck Jonathan what happened to the $100 billion dollars Nigeria made from oil and gas exports in 2012, insisting that “lack of accountability and transparency is a big problem in Nigerian oil and gas industry.”
The recovered stolen money.
The recovered stolen money.
Before you ask what business is it of David Cameron’s how we spend our money in Nigeria, let me point out that the question apparently came up because President Jonathan went cap-in-hand to the Group of Eight industrial countries (G8) to solicit loans in international multilateral institutions for unspecified infrastructural industrial restructuring in Nigeria. The fact that his request was rejected outright tells me our President could not give satisfactory explanation to the G8. Why give aid to Nigeria when it is clear the money would largely be pocketed by strategically-placed pen-robbers within the Nigerian government
- See more at: http://www.vanguardngr.com/2013/11/money-laundering-nigerias-future/#sthash.kGymLQAw.dpuf

Click link to read the full article.

Smh @ the thread.. $100 billion is not only a ridiculous figure but absurd. Nigeria would have sold 2.6 million barrels at constant pricing of $110/barrel. How truthful is this? Have we forgotten the oil crisis we had in 2012? What caused the removal of subsidy? Like how pathetic can people be? Nigeria's production in 2012 hoovered around 2.2 million to 2.35 million barrels / day, and the pricing of $110 is far fetched. Taking all this inconsistencies into consideration, I can safely conclude his 2012 assumption is simply an illusion.