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Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo (1222 Views)

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Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo by scachy(m): 9:37pm On Dec 22, 2015
Kemi Adeosun the woman who destroyed the economy of Ogun state, Nigeria is now our finance minister and lo and behold, she's just unveiled the biggest and worst budget ever! We are experiencing a tough time in the bond market, the dollar and pound are the highest ever in this administration and the collapsing oil prices mean NOTHING! We make the oil and still have huge fuel lines or none. The administration is even blaming the last one with Goodluck Jonathan as the cause of fuel scarcity.

The budget will be based on an oil price of $38 a barrel, while the deficit will be plugged with 1.84 trillion of borrowing, 900 billion of which will come from international debt markets, Buhari said. The country will consider tapping the Eurobond market early next year for the first time since 2013, Finance Minister Kemi Adeosun said in an interview on Dec. 16. Adeosun doesn't know it yet but we are watching the professional stealing going to start under her. This budget makes no sense! They have no plans to create jobs yet, just increase government spending. We already know how they shared arms and weapons money in the last administration.

Our President Muhammadu Buhari asked lawmakers to approve the country’s biggest ever budget on Tuesday as he looks to revive an economy hit by collapsing oil prices.

Buhari outlined plans for the government to spend 6.08 trillion naira ($30.8 billion) in 2016, an increase of about 20 percent from this year. The deficit will more than double to 2.2 trillion naira, or 2.16 percent of gross domestic product.

“The 2016 budget is designed to ensure we’ll drive our economy, deliver inclusive growth and create a significant number of jobs,” Buhari, a 73-year-old former general who last ruled Nigeria in the mid-1980s, told lawmakers in Abuja, the capital. It “seeks to stimulate the economy, making it more competitive by focusing on infrastructure.”

Africa’s largest oil producer, which usually derives two-thirds of government revenue from the commodity, has seen its finances battered by crude prices that have fallen almost 70 percent in the past 18 months to below $40 a barrel.

Stay tuned for more of this foolishness!

http://www.hnnafrica.com/2015/12/nigerian-finance-minister-kemi-adeosun.html?spref=tw&m=1

Re: Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo by Vision4God: 9:43pm On Dec 22, 2015
undecided lipsrsealed
Re: Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo by doublewisdom: 9:44pm On Dec 22, 2015
She made sense.

1 Like

Re: Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo by Nobody: 9:55pm On Dec 22, 2015
undecided
Re: Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo by coolitempa(f): 10:04pm On Dec 22, 2015
I
scachy:
Kemi Adeosun the woman who destroyed the economy of Ogun state, Nigeria is now our finance minister and lo and behold, she's just unveiled the biggest and worst budget ever! We are experiencing a tough time in the bond market, the dollar and pound are the highest ever in this administration and the collapsing oil prices mean NOTHING! We make the oil and still have huge fuel lines or none. The administration is even blaming the last one with Goodluck Jonathan as the cause of fuel scarcity.

The budget will be based on an oil price of $38 a barrel, while the deficit will be plugged with 1.84 trillion of borrowing, 900 billion of which will come from international debt markets, Buhari said. The country will consider tapping the Eurobond market early next year for the first time since 2013, Finance Minister Kemi Adeosun said in an interview on Dec. 16. Adeosun doesn't know it yet but we are watching the professional stealing going to start under her. This budget makes no sense! They have no plans to create jobs yet, just increase government spending. We already know how they shared arms and weapons money in the last administration.

Our President Muhammadu Buhari asked lawmakers to approve the country’s biggest ever budget on Tuesday
as he looks to revive an economy hit by collapsing oil prices.

Buhari outlined plans for the government to spend 6.08 trillion naira ($30.8 billion) in 2016, an increase of about 20 percent from this year. The deficit will more than double to 2.2 trillion naira, or 2.16 percent of gross domestic product.

“The 2016 budget is designed to ensure we’ll drive our economy, deliver inclusive growth and create a significant number of jobs,” Buhari, a 73-year-old former general who last ruled Nigeria in the mid-1980s, told lawmakers in Abuja, the capital. It “seeks to stimulate the economy, making it more competitive by focusing on infrastructure.”

Africa’s largest oil producer, which usually derives two-thirds of government revenue from the commodity, has seen its finances battered by crude prices that have fallen almost 70 percent in the past 18 months to below $40 a barrel.

Stay tuned for more of this foolishness!

http://www.hnnafrica.com/2015/12/nigerian-finance-minister-kemi-adeosun.html?spref=tw&m=1

Kemi the attention seeking dunce..... cheesy cheesy cheesy

1 Like

Re: Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo by Ama80(f): 11:18pm On Dec 22, 2015
I'm so skeptical about dis our finance minister.just don't trust her economic prowess enof.i pray she proves me wrong.

1 Like

Re: Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo by scachy(m): 9:44am On Dec 23, 2015
coolitempa:
I

Kemi the attention seeking dunce..... cheesy cheesy cheesy

grin... and d only jobless USA trained first class holder
Re: Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo by nogames: 11:16am On Dec 23, 2015
Mama kemi if you know better, what is the way forward? Give us clip of your own solution. It is easy to criticize but useless if you provide no better options
Re: Nigerian Finance Minister SET To DESTROY Nigeria's Economy-kemi Omololu Olunloyo by APCHaram: 11:47am On Dec 23, 2015
This is the future of Nigeria after the satanic APC finish selling us to western banks
[img]http://2012patriot.files./2011/10/debt-slaves-payments.jpg[/img]

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