egift:


May God bless, guide and sustain the steady hands of President Buhari, VP Osinbajo and the rest of the Team.

SmartMugu:
OP, what are you talking about exactly? Your topic says 2016 budget, your message talks about bills. Those are two different things.

olatade:
THIS IS THE REASON NATIONS SAVE...
for the rainy day. So when you support your thievish "heroes" as they plundered and stole, the result is bound to be hardship. What we are experiencing now is not a DISTINCT AND SEPARATE UNRELATED INCIDENT. When a nation has low foreign reserves, it's currency value will suffer against strong currencies like the US dollar. Wailers think this is an "excuse". I HAVE NEWS FOR YOU....UNTIL YOU GET FREAKING REAL, AND STOP THINKING LIKE 5 YEAR OLDS, you will remain the butt of every educated person's joke. Thank your lucky stars that your hero was sacked and steady hands took over. There would have been an implosion in this country by now. The entire facade of "fastest growing-rebased-economy would have come full circle. See what is happening to our main source of revenue. THEY SHOULD HAVE SAVED OUR MONEY, NOT STEAL AND WASTE IT. Mtcheew!!

Oil price, December of year

2008: $46
2009: $82
2010: $97
2011: $105
2012: $94
2013: $100
2014: $54

Current: $36.3

olatade:
THIS IS THE REASON NATIONS SAVE...
for the rainy day. So when you support your thievish "heroes" as they plundered and stole, the result is bound to be hardship. What we are experiencing now is not a DISTINCT AND SEPARATE UNRELATED INCIDENT. When a nation has low foreign reserves, it's currency value will suffer against strong currencies like the US dollar. Wailers think this is an "excuse". I HAVE NEWS FOR YOU....UNTIL YOU GET FREAKING REAL, AND STOP THINKING LIKE 5 YEAR OLDS, you will remain the butt of every educated person's joke. Thank your lucky stars that your hero was sacked and steady hands took over. There would have been an implosion in this country by now. The entire facade of "fastest growing-rebased-economy would have come full circle. See what is happening to our main source of revenue. THEY SHOULD HAVE SAVED OUR MONEY, NOT STEAL AND WASTE IT. Mtcheew!!

Oil price, December of year

2008: $46
2009: $82
2010: $97
2011: $105
2012: $94
2013: $100
2014: $54

Current: $36.3

wachakuta:
Why are they shutting down
They should go on break nah, is that not their usual routine

olatade:
THIS IS THE REASON NATIONS SAVE...
for the rainy day. So when you support your thievish "heroes" as they plundered and stole, the result is bound to be hardship. What we are experiencing now is not a DISTINCT AND SEPARATE UNRELATED INCIDENT. When a nation has low foreign reserves, it's currency value will suffer against strong currencies like the US dollar. Wailers think this is an "excuse". I HAVE NEWS FOR YOU....UNTIL YOU GET FREAKING REAL, AND STOP THINKING LIKE 5 YEAR OLDS, you will remain the butt of every educated person's joke. Thank your lucky stars that your hero was sacked and steady hands took over. There would have been an implosion in this country by now. The entire facade of "fastest growing-rebased-economy would have come full circle. See what is happening to our main source of revenue. THEY SHOULD HAVE SAVED OUR MONEY, NOT STEAL AND WASTE IT. Mtcheew!!

Oil price, December of year

2008: $46
2009: $82
2010: $97
2011: $105
2012: $94
2013: $100
2014: $54

Current: $36.3

FG, States, LGs Share N568.4 Billion for Oct



[img]http://cdn1.vanguardngr.com/wp-content/uploads/2015/09/412x247xOkonjo-Iweala-e1442838220305.jpg.pagespeed.ic.nz-K0adxSv.webp[/img]



Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that [size=14pt]the states had requested for $2bn[/size] to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

greatiyk4u:
Now that the Raggae is about 2 be over, oya make una begin 2 play the Blues sharp sharp......welcome 2 2016, the year of "messiac" CHANGE......

We desire and deserve nothing less than true CHANGE

In the documents, the Senate also approved that the Federal Government should in 2016 establish a data base and possibly a single salary account for all its employees as that would help streamline and reduce its personnel cost. It also approved the exchange rate of[b] N197 to $1[/b] as proposed in the MTEF.