| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by xlnc2324: 7:03pm On Apr 19, 2015 |
barcanista:
1. Buhari/APC To Pay 25m Unemployed N5000 Per Month
Cost Implication:
The implication here is that the sum of N125billion (ie 25million * N5000) will be spent to service this policy every month, and an estimated N1.5 trillion (ie N125bn * 12 months) will be spent on this policy alone every year.
2. Buhari/APC To Provide Daily Meal for Primary School pupils.
First, the FG has no business with the running of Primary schools. This is the responsibility of States and Local Government. However, Buhari's administration pledged to provide at least one meal per day for Primary school Children, we shall hold him accountable.
Cost Implication:
Osun State reportedly spent N3.2billion in 2014 for the feeding of 300,000 primary 1 to 4 pupils in the state. The Osun state program exclude pupils in Primary 5 and 6. If we are to break it per pupil, we will have N10,667 per pupil(ie 3.2b/300k). Considering that over 35million children are estimated to be enrolled in Primary school across the country, at least the sum of THREE HUNDRED AND SEVENTY THREEE BILLION (N373b) is estimated to be spent on the program annually(ie 35m * 10,667).
Gross Annual Estimated Cost For Both Programs
N1.5trn + N373b = N1.873trn
That means Buhari is to increase our Recurrent Expenditure by N1.83trn.
How Feasible Are These Programs?
Let us take a look at the key component of the 2015 Budget(as adjusted by the Senate).
Total Budget Stand at N4.3trn.
Recurrent Expenditure: N2.58 trillion
Capital Expenditure: N700 billion
From where will Buhari See N1.8trn To Service His Social Programs?
- Remove Subsidy? If he's thinking of scrapping fuel subsidy, the adjusted allocation for petrol subsidy in 2015 budget is N100billion. The adjusted allocation for SURE-P is N21b, while the subsidy for kerosene for 2015 was adjusted to N45.5b. This gives a total of N166.5b.
Even if he should scrap SURE-P and remove the petrol and kerosene subsidy, he still won't be able to get 1% of the N1.8trn.
- Spend All Capital Expenditure + Subsidy? Even if Buhari is to spend all our N700b Capital Expenditure on his Social program in addition to the N166.5billion subsidy funds, it still won't be enough as it will fall short of One Trillion Naira.
N700b + N166.5b= N866 billion
- Money Appropriated To NASS? The total budget for the National Assembly for 2015 is N115b. Even if Buhari is to spend this money + subsidy allocation + Capital Expenditure to fund his program, he won't be able to raise the required fund. As all appropriation combined stand at N981billion(ie N700b + N115b + N166b)
So How Does Buhari intend to raise N1.873trillion to fulfil this social welfare pledge? Does this mean the administration has failed even before starting? Dead on arrival?
Guy, why are you all tanoids all in a hurry? Let Buhari resumes office first. All monies stole from your role models is enough for the recurrent exp. for over 10 years. 4 Likes |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by abbey621(m): 7:03pm On Apr 19, 2015 |
As clueless as Jonathan was, if he surrounded himself with bright, forward thinking minds he would have succeeded greatly. I believe a lot of people would be shocked at how successful the incoming government will be, to those doubters out there thinking this is just about Buhari please educate yourself and open your minds. Yes some of the things said during election campaigns are laughable, yes some of the things might not work out at all but rest assured the incoming government will be very effective where it counts such as stable electricity, safer roads and so much more. Nigerians have shown the elites that the power of change is real and any government would be very eager to impress! 2 Likes |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by kennyeast(m): 7:03pm On Apr 19, 2015 |
Did u vote for him? No, ok stop crying more than the bereaved. Let those who voted him for that reason cry, as for me, i did not vote for him because of those promises. barcanista:
This was why they avoided debate and fortunately for them they won. I want to see how they will deny this one. They are all documented...
Don't forget the Promise of paying allowance to elderly and disabled by Buhari.
Osinbajo, January 8, 2015
1 Like |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by tempest69: 7:03pm On Apr 19, 2015 |
OrlandoOwoh:
That will be achieved now that Jonathan, who spent 2 trillion, half of our yearly budget, on election, has been defeated. tell those mofos above u jare!! All these can be done. Except when the political will is not there. |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by M16: 7:03pm On Apr 19, 2015 |
barcanista:
1. Buhari/APC To Pay 25m Unemployed N5000 Per Month
Cost Implication:
The implication here is that the sum of N125billion (ie 25million * N5000) will be spent to service this policy every month, and an estimated N1.5 trillion (ie N125bn * 12 months) will be spent on this policy alone every year.
2. Buhari/APC To Provide Daily Meal for Primary School pupils.
First, the FG has no business with the running of Primary schools. This is the responsibility of States and Local Government. However, Buhari's administration pledged to provide at least one meal per day for Primary school Children, we shall hold him accountable.
Cost Implication:
Osun State reportedly spent N3.2billion in 2014 for the feeding of 300,000 primary 1 to 4 pupils in the state. The Osun state program exclude pupils in Primary 5 and 6. If we are to break it per pupil, we will have N10,667 per pupil(ie 3.2b/300k). Considering that over 35million children are estimated to be enrolled in Primary school across the country, at least the sum of THREE HUNDRED AND SEVENTY THREEE BILLION (N373b) is estimated to be spent on the program annually(ie 35m * 10,667).
Gross Annual Estimated Cost For Both Programs
N1.5trn + N373b = N1.873trn
That means Buhari is to increase our Recurrent Expenditure by N1.83trn.
How Feasible Are These Programs?
Let us take a look at the key component of the 2015 Budget(as adjusted by the Senate).
Total Budget Stand at N4.3trn.
Recurrent Expenditure: N2.58 trillion
Capital Expenditure: N700 billion
From where will Buhari See N1.8trn To Service His Social Programs?
- Remove Subsidy? If he's thinking of scrapping fuel subsidy, the adjusted allocation for petrol subsidy in 2015 budget is N100billion. The adjusted allocation for SURE-P is N21b, while the subsidy for kerosene for 2015 was adjusted to N45.5b. This gives a total of N166.5b.
Even if he should scrap SURE-P and remove the petrol and kerosene subsidy, he still won't be able to get 1% of the N1.8trn.
- Spend All Capital Expenditure + Subsidy? Even if Buhari is to spend all our N700b Capital Expenditure on his Social program in addition to the N166.5billion subsidy funds, it still won't be enough as it will fall short of One Trillion Naira.
N700b + N166.5b= N866 billion
- Money Appropriated To NASS? The total budget for the National Assembly for 2015 is N115b. Even if Buhari is to spend this money + subsidy allocation + Capital Expenditure to fund his program, he won't be able to raise the required fund. As all appropriation combined stand at N981billion(ie N700b + N115b + N166b)
So How Does Buhari intend to raise N1.873trillion to fulfil this social welfare pledge? Does this mean the administration has failed even before starting? Dead on arrival?
Creepy crawling object. Doyin Okupe is looking for to serve with him in Otuoke 1 Like |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Bifwoli: 7:03pm On Apr 19, 2015 |
Jaraworldsms:
It is a waste venture.That is not the change we need. Yes,thats true it'll be a total waste.Goat herders like Buhari know nothing like budgeting ,planning and accounting. 2 Likes |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by appini: 7:04pm On Apr 19, 2015 |
Metrofox:
Same Jonathan that granted pardon to a wanted fugitive? How smart The Baba one chance that said a fight against the boko haram is a war against the north. 2 Likes |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Metrofox(m): 7:04pm On Apr 19, 2015 |
anonimi:
Your prof was Thief'nuibu's Attorney General who drafted the law that was rubber stamped by LASHA.
Next  We all know the issue of pension has to do with moral rectitude of the Governors involved.. Tinubu was not the only one.. many others including former heads of state.. Senators etc |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by haywire1: 7:04pm On Apr 19, 2015 |
Etinosajay:
Bastardnista abi barcanista
Go n die!!!!!! SECONDED  * 1 Like 
|
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by signz: 7:04pm On Apr 19, 2015 |
Next 4 years will be quite interesting. Him never enter oh and questions are already being asked. |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by yungboss(m): 7:04pm On Apr 19, 2015 |
barcanista:
1. Buhari/APC To Pay 25m Unemployed N5000 Per Month
Cost Implication:
The implication here is that the sum of N125billion (ie 25million * N5000) will be spent to service this policy every month, and an estimated N1.5 trillion (ie N125bn * 12 months) will be spent on this policy alone every year.
2. Buhari/APC To Provide Daily Meal for Primary School pupils.
First, the FG has no business with the running of Primary schools. This is the responsibility of States and Local Government. However, Buhari's administration pledged to provide at least one meal per day for Primary school Children, we shall hold him accountable.
Cost Implication:
Osun State reportedly spent N3.2billion in 2014 for the feeding of 300,000 primary 1 to 4 pupils in the state. The Osun state program exclude pupils in Primary 5 and 6. If we are to break it per pupil, we will have N10,667 per pupil(ie 3.2b/300k). Considering that over 35million children are estimated to be enrolled in Primary school across the country, at least the sum of THREE HUNDRED AND SEVENTY THREEE BILLION (N373b) is estimated to be spent on the program annually(ie 35m * 10,667).
Gross Annual Estimated Cost For Both Programs
N1.5trn + N373b = N1.873trn
That means Buhari is to increase our Recurrent Expenditure by N1.83trn.
How Feasible Are These Programs?
Let us take a look at the key component of the 2015 Budget(as adjusted by the Senate).
Total Budget Stand at N4.3trn.
Recurrent Expenditure: N2.58 trillion
Capital Expenditure: N700 billion
From where will Buhari See N1.8trn To Service His Social Programs?
- Remove Subsidy? If he's thinking of scrapping fuel subsidy, the adjusted allocation for petrol subsidy in 2015 budget is N100billion. The adjusted allocation for SURE-P is N21b, while the subsidy for kerosene for 2015 was adjusted to N45.5b. This gives a total of N166.5b.
Even if he should scrap SURE-P and remove the petrol and kerosene subsidy, he still won't be able to get 1% of the N1.8trn.
- Spend All Capital Expenditure + Subsidy? Even if Buhari is to spend all our N700b Capital Expenditure on his Social program in addition to the N166.5billion subsidy funds, it still won't be enough as it will fall short of One Trillion Naira.
N700b + N166.5b= N866 billion
- Money Appropriated To NASS? The total budget for the National Assembly for 2015 is N115b. Even if Buhari is to spend this money + subsidy allocation + Capital Expenditure to fund his program, he won't be able to raise the required fund. As all appropriation combined stand at N981billion(ie N700b + N115b + N166b)
So How Does Buhari intend to raise N1.873trillion to fulfil this social welfare pledge? Does this mean the administration has failed even before starting? Dead on arrival?
you have to think out of the box...do you think 25m graduates would just sit awaiting N5000 into their pockets without adding value to the system? What i think he's going to do is this, create employment for them,they would engage in income generating enterprise in the areas of IT and social services, this in turn would earn them stipends as a means of livelihood. Nigeria is like an uncultivated farmland, the employment opportunities are huge, huge enough to cater to the needs of 25million graduates. a kind of Private/Government Partnership would play a key role here. so i don't think it would be about 'unemployed' graduates/persons in the literal sense of the word (in quote) |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by M16: 7:04pm On Apr 19, 2015 |
barcanista:
1. Buhari/APC To Pay 25m Unemployed N5000 Per Month
Cost Implication:
The implication here is that the sum of N125billion (ie 25million * N5000) will be spent to service this policy every month, and an estimated N1.5 trillion (ie N125bn * 12 months) will be spent on this policy alone every year.
2. Buhari/APC To Provide Daily Meal for Primary School pupils.
First, the FG has no business with the running of Primary schools. This is the responsibility of States and Local Government. However, Buhari's administration pledged to provide at least one meal per day for Primary school Children, we shall hold him accountable.
Cost Implication:
Osun State reportedly spent N3.2billion in 2014 for the feeding of 300,000 primary 1 to 4 pupils in the state. The Osun state program exclude pupils in Primary 5 and 6. If we are to break it per pupil, we will have N10,667 per pupil(ie 3.2b/300k). Considering that over 35million children are estimated to be enrolled in Primary school across the country, at least the sum of THREE HUNDRED AND SEVENTY THREEE BILLION (N373b) is estimated to be spent on the program annually(ie 35m * 10,667).
Gross Annual Estimated Cost For Both Programs
N1.5trn + N373b = N1.873trn
That means Buhari is to increase our Recurrent Expenditure by N1.83trn.
How Feasible Are These Programs?
Let us take a look at the key component of the 2015 Budget(as adjusted by the Senate).
Total Budget Stand at N4.3trn.
Recurrent Expenditure: N2.58 trillion
Capital Expenditure: N700 billion
From where will Buhari See N1.8trn To Service His Social Programs?
- Remove Subsidy? If he's thinking of scrapping fuel subsidy, the adjusted allocation for petrol subsidy in 2015 budget is N100billion. The adjusted allocation for SURE-P is N21b, while the subsidy for kerosene for 2015 was adjusted to N45.5b. This gives a total of N166.5b.
Even if he should scrap SURE-P and remove the petrol and kerosene subsidy, he still won't be able to get 1% of the N1.8trn.
- Spend All Capital Expenditure + Subsidy? Even if Buhari is to spend all our N700b Capital Expenditure on his Social program in addition to the N166.5billion subsidy funds, it still won't be enough as it will fall short of One Trillion Naira.
N700b + N166.5b= N866 billion
- Money Appropriated To NASS? The total budget for the National Assembly for 2015 is N115b. Even if Buhari is to spend this money + subsidy allocation + Capital Expenditure to fund his program, he won't be able to raise the required fund. As all appropriation combined stand at N981billion(ie N700b + N115b + N166b)
So How Does Buhari intend to raise N1.873trillion to fulfil this social welfare pledge? Does this mean the administration has failed even before starting? Dead on arrival?
You have hereby banished to Otuoke, where Jonathan first brought internet to Nigeria
|
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Nellybii: 7:04pm On Apr 19, 2015 |
barcanista:
This was why they avoided debate and fortunately for them they won. I want to see how they will deny this one. They are all documented...
Don't forget the Promise of paying allowance to elderly and disabled by Buhari.
Osinbajo, January 8, 2015
You know what baffles me is the amount of negative energy you Tanoids still dissipate even after losing the elections. Why can't you just lose quietly. The man ia yet to be sworn in and you are already holding him to his campaign promises. Have you ever been a president before? Has the minister of finance or CBN governor come out to say these policies are not achievable?? Ask yourself these questions first. Do you know how much money is looted daily in Nigeria under GEJ? You just be patient and allow 3 month's into his GOVT before you comment or put up laughable biased writeups . Obasanjo operated with 16 ministries GEJ came and operated with 42!!! What a waste. Plugging these holes alone will save Trillions of Naira that will be channeled to welfare so common Nigerians can enjoy being Nigerians..Not creating one super rich minister amongst 1 million wretched people. 1 Like |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Nobody: 7:04pm On Apr 19, 2015 |
blym:
can't fathom anifin reasonable from d comment u made, it's quite disgraceful to c peepx wit certificate write such comment, it tells alot a'bout u nt diffrent 4rm d Otueke drunkard. . Wat a combo You cant even spell. You are on the same league with my President-elect, the difference is that you do not own 150 cows. Tufiakwa! 5 Likes |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Nobody: 7:05pm On Apr 19, 2015 |
barcanista:
1. Buhari/APC To Pay 25m Unemployed N5000 Per Month
Cost Implication:
The implication here is that the sum of N125billion (ie 25million * N5000) will be spent to service this policy every month, and an estimated N1.5 trillion (ie N125bn * 12 months) will be spent on this policy alone every year.
2. Buhari/APC To Provide Daily Meal for Primary School pupils.
First, the FG has no business with the running of Primary schools. This is the responsibility of States and Local Government. However, Buhari's administration pledged to provide at least one meal per day for Primary school Children, we shall hold him accountable.
Cost Implication:
Osun State reportedly spent N3.2billion in 2014 for the feeding of 300,000 primary 1 to 4 pupils in the state. The Osun state program exclude pupils in Primary 5 and 6. If we are to break it per pupil, we will have N10,667 per pupil(ie 3.2b/300k). Considering that over 35million children are estimated to be enrolled in Primary school across the country, at least the sum of THREE HUNDRED AND SEVENTY THREEE BILLION (N373b) is estimated to be spent on the program annually(ie 35m * 10,667).
Gross Annual Estimated Cost For Both Programs
N1.5trn + N373b = N1.873trn
That means Buhari is to increase our Recurrent Expenditure by N1.83trn.
How Feasible Are These Programs?
Let us take a look at the key component of the 2015 Budget(as adjusted by the Senate).
Total Budget Stand at N4.3trn.
Recurrent Expenditure: N2.58 trillion
Capital Expenditure: N700 billion
From where will Buhari See N1.8trn To Service His Social Programs?
- Remove Subsidy? If he's thinking of scrapping fuel subsidy, the adjusted allocation for petrol subsidy in 2015 budget is N100billion. The adjusted allocation for SURE-P is N21b, while the subsidy for kerosene for 2015 was adjusted to N45.5b. This gives a total of N166.5b.
Even if he should scrap SURE-P and remove the petrol and kerosene subsidy, he still won't be able to get 1% of the N1.8trn.
- Spend All Capital Expenditure + Subsidy? Even if Buhari is to spend all our N700b Capital Expenditure on his Social program in addition to the N166.5billion subsidy funds, it still won't be enough as it will fall short of One Trillion Naira.
N700b + N166.5b= N866 billion
- Money Appropriated To NASS? The total budget for the National Assembly for 2015 is N115b. Even if Buhari is to spend this money + subsidy allocation + Capital Expenditure to fund his program, he won't be able to raise the required fund. As all appropriation combined stand at N981billion(ie N700b + N115b + N166b)
So How Does Buhari intend to raise N1.873trillion to fulfil this social welfare pledge? Does this mean the administration has failed even before starting? Dead on arrival?
You appear to have an infinite hatred for GMB. You did vote him,so why dig into govt he.has not even asummed.GMB has four to prove himself. It's still.unbelievable.How get spent over 2trillion for just to win elections 3 Likes |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by ubaobi: 7:06pm On Apr 19, 2015 |
OrlandoOwoh:
That will be achieved now that Jonathan, who spent 2 trillion, half of our yearly budget, on election, has been defeated. you have no proof of that BTW campaigns cost a lot of money. Obama spent 1 trillion dollars on his reelection campaign. |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by alienware(m): 7:06pm On Apr 19, 2015 |
bishop4APC:
This barcanista is a bonified mumu, do you know how much oga jona dashed out for his re-election bid, oga jona dashed out 20 trillion naira for election campaign and you are here talking of 1.8trillion naira which is chicken change. why are m0r0ns allowed to use the internet |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Chigold101(m): 7:06pm On Apr 19, 2015 |
Justfollowit:
Barcanista
I find it funny if you really believed that the majority that voted for Buhari did so because of the above. Well, they voted for Buhari for other reasons therefore we wouldn't be bothered if he failed to implement them.
please what are the other reasons? Tell me... Thank you... 1 Like |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by iconize(m): 7:07pm On Apr 19, 2015 |
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| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Metrofox(m): 7:07pm On Apr 19, 2015 |
Bifwoli:
Yes,thats true it'll be a total waste.Goat herders like Buhari know nothing like budgeting ,planning and accounting. It's well known that Stereotypical people do not usually come out as educated people of society.. read that post again slowly and hear how smart you sound |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by BecaciaBarbie(f): 7:07pm On Apr 19, 2015 |
dearpreye:
On the contrary, you tiptoed here and wondered how this folk keeps reinventing and perpetuating his usefulness in this forum.
U wished his thread never went beyond a page.
I'm yet to see any broom waver presents articles the way he does. To me, he's a brother, and my affection towards him goes well beyond hus political inclinations.
Actually you wrong honey, when I see his pathetic threads all I feel for him is pity!!!! He is just increasing his stupidity day by day ...well I understand him anyways, you know it will be too shameful for him to accept defeat silently and disappear off NL just like that It is well with him tho  2 Likes |
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| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Darayola(m): 7:07pm On Apr 19, 2015 |
it will always seem impossible until it is finally done. I trust GMB's integrity. |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by M16: 7:08pm On Apr 19, 2015 |
dearpreye:
Grandpa finally sees it as it is. It's no more a game, and all his utopic promises will be brought under the floodlight of public scrutiny. Preye . Na Timpreye or Dipreye be your own. Cluelesness has been banished from Nigerian Governance forever. be gone to your creeks and browse from the electricity provided and world class roads |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by kristisking(m): 7:08pm On Apr 19, 2015 |
OrlandoOwoh:
That will be achieved now that Jonathan, who spent 2 trillion, half of our yearly budget, on election, has been defeated. So you are one of the deceived who foolishly believe Buhari will do all these .l'm sorry for you. 1 Like |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by akinsuraj(m): 7:08pm On Apr 19, 2015 |
Doubting tomases just wait and see all this billions of dollars embezzled will b accounted for this time, |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Nobody: 7:09pm On Apr 19, 2015 |
Chigold101:
please what are the other reasons? Tell me... Thank you... Corruption, Boko Haram and lack of discipline in Civil Service. If GEJ had been affirmative on the first two, he would have won the election. |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by iconize(m): 7:10pm On Apr 19, 2015 |
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| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Akposb(m): 7:10pm On Apr 19, 2015 |
This are some of the ideas propounded by his vp on oct 1 2013 in a tv broadcast of a forum on channels. The truth is that there is little welfare can do, they should work on infrastructure and they will be heroes. |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Nellybii: 7:10pm On Apr 19, 2015 |
signz:
Next 4 years will be quite interesting. Him never enter oh and questions are already being asked.
While reading the questions, you. should also focus attention on the motive behind the questions and the person asking the questions. These to me are not questions but a series of carefully orchestrated attack on the president elect by sore losers and Tanoids that just lost their jobs. Why can't we allow him to be sworn in first before criticizing imaginary policies. This I really laughable. |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Reference(m): 7:10pm On Apr 19, 2015 |
Mogidi:
Buhari would be scrutinized 24/7, get used to it. That is the spirit of democracy. Carry on. |
| Re: Buhari Social Program: Laudable, Laughable Or Dead On Arrival? by Ibime(m): 7:11pm On Apr 19, 2015 |
barcanista:
1. Buhari/APC To Pay 25m Unemployed N5000 Per Month
Cost Implication:
The implication here is that the sum of N125billion (ie 25million * N5000) will be spent to service this policy every month, and an estimated N1.5 trillion (ie N125bn * 12 months) will be spent on this policy alone every year.
2. Buhari/APC To Provide Daily Meal for Primary School pupils.
First, the FG has no business with the running of Primary schools. This is the responsibility of States and Local Government. However, Buhari's administration pledged to provide at least one meal per day for Primary school Children, we shall hold him accountable.
Cost Implication:
Osun State reportedly spent N3.2billion in 2014 for the feeding of 300,000 primary 1 to 4 pupils in the state. The Osun state program exclude pupils in Primary 5 and 6. If we are to break it per pupil, we will have N10,667 per pupil(ie 3.2b/300k). Considering that over 35million children are estimated to be enrolled in Primary school across the country, at least the sum of THREE HUNDRED AND SEVENTY THREEE BILLION (N373b) is estimated to be spent on the program annually(ie 35m * 10,667).
Gross Annual Estimated Cost For Both Programs
N1.5trn + N373b = N1.873trn
That means Buhari is to increase our Recurrent Expenditure by N1.83trn.
How Feasible Are These Programs?
Let us take a look at the key component of the 2015 Budget(as adjusted by the Senate).
Total Budget Stand at N4.3trn.
Recurrent Expenditure: N2.58 trillion
Capital Expenditure: N700 billion
From where will Buhari See N1.8trn To Service His Social Programs?
- Remove Subsidy? If he's thinking of scrapping fuel subsidy, the adjusted allocation for petrol subsidy in 2015 budget is N100billion. The adjusted allocation for SURE-P is N21b, while the subsidy for kerosene for 2015 was adjusted to N45.5b. This gives a total of N166.5b.
Even if he should scrap SURE-P and remove the petrol and kerosene subsidy, he still won't be able to get 1% of the N1.8trn.
- Spend All Capital Expenditure + Subsidy? Even if Buhari is to spend all our N700b Capital Expenditure on his Social program in addition to the N166.5billion subsidy funds, it still won't be enough as it will fall short of One Trillion Naira.
N700b + N166.5b= N866 billion
- Money Appropriated To NASS? The total budget for the National Assembly for 2015 is N115b. Even if Buhari is to spend this money + subsidy allocation + Capital Expenditure to fund his program, he won't be able to raise the required fund. As all appropriation combined stand at N981billion(ie N700b + N115b + N166b)
So How Does Buhari intend to raise N1.873trillion to fulfil this social welfare pledge? Does this mean the administration has failed even before starting? Dead on arrival?
No reasonable person expected APC to keep these election "promises" just like no reasonable person expected GEJ to keep his. Both PDP and APCs manifestos were uncosted and designed to win the popular vote. . . . these are soundbites for the millions of illiterates, semi-illiterates and uninformed Nigerians. No need digging into the figures. All we know is that we have a more serious Government in charge. Like it or lump it. 4 Likes |
