mekaboy:


Are the less than 1 year people aliens? did they come from heaven? Are the not the one that refused to save because they wanted to use to money to sponsor the election of the confused government they put in power?

wirinet:
But madam world bank told us a different story in January 2015. She told us to prepare for austerity and that 2015 would be s very difficult year.

jpphilips:



The guy in your quote is educating you on increased government spending to spur economic growth during recession and you are talking about increasing fraud?
Are you sure you finished SS3?

obailala:


Economics 101:
Investors do not go to a society where there is no money. There is a reason why foreign investors would prefer a Nigeria over Chad or Togo as their investment destination, it is because there is so much money to be made in Nigeria. With the drastic drop in oil prices and the sharp drop in the nation's income, Nigeria is no longer as lucrative a destination as it used to be for foreign investors.

The stock exchange is also about money, when there is no money in the economy, the stock exchange loses vibrancy, and investors (especially foreigners) would pull their funds out and take it elsewhere where money can be made. Just like in life, it is during hard times a man knows who his true friends really are.

Would it have happened if GEJ had continued, the answer is yes! it started happening when GEJ was still on seat and NOI warned Nigerians to brace up for hard times.

Go and educate yourself, it is mostly common sense. But you allow bigotry and careless sentiments to block your ability to discern simple things.

Remii:
what did GEJ did with 52% share of fgn in the money?

aresa:



They actually think we have amnesia or have zero clue how we get to bad economy abd what we are going through today.

They obviously were aware the damage they did hence letting us know that suffering is heading our way..

aresa:



Funny enough, the same woman used falling oil prices which was at $60 to justify borrowing to pay salaries..

If the economy was doing so great, why borrow to pay salaries?

And if she borrowed more than half of the 2015 budget to run the country when oil was at $60 dollars, what exactly do you expect to happen now that oil is selling for nearly half of that $60 ?

You people act as if we are stupid or have collective amnesia and wasn't in Nigeria when Jonathan and this woman wrecked Nigeria.

We are talking about the same woman we put in charge of our money, but the same woman had jo clue or looked the other way when all government agencies refused to remit generated funds into our federal account, she either coluded or did not know anything about missing oil billions at NNPC when in fact she was supposed to know everything about our generated money to the last kobo.

What about our money she gave to dasuki to loot and share?

You ever wonder how many roads, bridges, hoapitals, schools and so on that can build?

In sane and credible countries, they sack people like her...

Geniro:


You are just another zombie on the prowl.

What is the economic logic of increasing frauds in a budget to boost the economy. Most of you are just shameless beyond redemption.

Geniro:


Add a viable source to the bold.

mekaboy:


You are confusing her position with that of the icpc efcc and central bank.

aresa:


You don't know how governments function or how it's funded. Governments is continuum and it's funded in a lot of ways starting from appropriations..


Sometimes it's very painful and t tedious going back and forth with many of you people.

You don't know anything your own country, but you still want to argue ignorantly..

mekaboy:


What is money?

Do investors see money on the street before coming to invest or opportunity?

Who says there is no money in Nigeria? Did MTN see money in Nigeria or opportunity before coming.?

The same country that there is no money was able to fine MTN a sum that is up to 30% of the National budget . Where did they make the money from?

Nigeria still remains the best investment destination in Africa. Even with all the insecurity from BokoHaram and Niger delta militancy investors stayed.

What scares investors is lack of economic direction of any country. That is what scares them. Lack of favourable policies.

Nigeria has no economic direction. All they want is borrow money and share money.

Pidggin:


What are you trying to say? You think you are the only one who went to school? Government is allocated money which it spends. If they go beyond spending money which was not in the budget, the NASS will be notified, if government needs to borrow money to fund the budget NASS will be notified

What I am trying to say is FG does not spend from any income generated without proper due process. But when Buhari became the president, he had money to bail out States, and fund his numerous trips, where did that money come from? Is it not the money left by GEJ or did the CBN print new Naira notes for Buhari to spend?

obailala:
You asked of the essence of having a high budget in time of recession, I gave you the answer. In your confusion, you diverted the story to padding. Budget padding is part and parcel of Nigeria's corrupt history, but for the first time in history, the padding is being fought and cleaned out of our budget, that is progress whether you like it or not. Several evidences of padding in past budgets have just been shown to you. Your GEJ did not even request to see budget details before he signed successive budgets, so there goes your folly.

Pidggin:
If she left nothing in ECA what did Buhari use to bail out States and what has he been using to fund his multiple trips, and allocate monthly payments to States, what has INEC been using to organize elections and how has FG workers continue to be paid salaries e. t. c without borrowing?

obailala:
That oil prices fall does not mean the country does not sell oil daily. The money gotten from oil sales is used to fund the government; the estimate of money to be made and money to be spent has already been captured in the prevailing budget. In a nutshell, the money spent on those foreign trips weren't necessarily moneys saved in any particular account.

Geniro:


You are not smart at all.

The Presidency withdrew the budget for correction and yet it was reeked with outrageous figures. Without those outrageous figures, that budget will be no where near the 6 trillion mark.

Sacking a few scapegoats while the fraud was passed is the silliest move any serious govt. Will make.

obailala:

This source says Jonathan spent $8.26bn, Yaradua $5.375bn and OBJ $16bn
http://www.ibtimes.com/nigerian-senate-probe-goodluck-jonathan-previous-administrations-mismanaged-funds-2053823
http://allafrica.com/stories/201508140826.html
http://www.vanguardngr.com/2015/08/power-sector-senate-probes-obj-yaradua-jonathan/
http://www.channelstv.com/2015/02/20/president-jonathan-commissions-750-megawatts-power-plant/

TheGoodJoe:



You that is very smart, are you saying that you believe there was no correction made to the budget all these while.

At least over a hundred scapegoats felt that this was a different time. Under GEJ and Ngozi Okonjo-Iweala's time, nothing will happen to them.

Geniro:


Another zombie on the prowl. It is common knowledge that the "budget of fraud" was reeked with outrageous allocations hence the 6 trillion feast figures.

You don't mega pad figures to spur the economy.

You want to spur the economy yet the propaganda machinery of the presidency was given more value than the Agricultural sector.

Are you a baby ?

babadee1:


Are you suggesting that no new funds have been earned since all that time?

Geniro:


You are not smart at all.

The Presidency withdrew the budget for correction and yet it was reeked with outrageous figures. Without those outrageous figures, that budget will be no where near the 6 trillion mark.

Sacking a few scapegoats while the fraud was passed is the silliest move any serious govt. Will make.

Geniro:


Yes I believe so leaning from previous happenings concerning the budget fiasco.

Pidggin:


The money gotten from oil sales is not used to fund the government immediately, we are not operating a hand to mouth government. If the money is used to fund the government immediately it is gotten, what is used to fund the budget and what is the need for a budget?

tucky200:
Oh please shut the fvck up!!

You left virtually nothing in the excess crude account !!!

VISTIN:


Must she leave money for you and your party? Let your people go and source for money.

How much did Buhari leave in 1985?

I bet you, any day Buhari resigns or steps aside oil price will go up without delay.

I hated Jonathan's govt cos of massive corruption but Buhari has got no idea.

cktheluckyman:
GEJ left $30billion in the excess crude account. Please ignoramuses get your facts right

VISTIN:


Must she leave money for you and your party? Let your people go and source for money.

How much did Buhari leave in 1985?

I bet you, any day Buhari resigns or steps aside oil price will go up without delay.

I hated Jonathan's govt cos of massive corruption but Buhari has got no idea.

TheGoodJoe:


What about Ngozi Okonjo-Iweala who said she collected the money to save and then withdrew from the money without appropriation? Is she not the one that caused the Governors to demand for the money for their States if she was going to use the money without appropriation?

She broke the trust and Ngozi Okonjo-Iweala caused the Governors not to trust her. Well, I can not trust money with that woman.

aresa:



Paper investors are always in love with crooks , incompetent and unpatriotic leaders who allow them to raid their economy. What we need are factory building and industry building investors, they grow productivity and create jobs and to my knowledge they are still trooping into Nigeria because we have the population and manpower to support any business.

Our challenges based on the fact that past administrations especially PDPs 16 years was wasted , no new refineries was built, our 4 refineries were allowed to rot and decay, power generation and transmission was neglected, $20 billion power funds was stolen or mismanaged, power infrastructure was privatized and handed over to cronies with zero experience and lack of capacity to invest and grow their power infrastructure ans so on.

These are dead holes created by past administrations with nothing to do with the current administration that's even less than a year in office and still no operating budget.


You people act as if the result for 16 years of mismanagement, looting, stealing, sharing public funds and incompetence means better economy, better way of life and prosperity.

When Jona and his gang were doing the damage, you people didn't care, you were busy shouting GEJ till 2019.

No my friend, it means pain and suffering tomorrow.

obailala:
What is money?... I suppose I am talking to an adult or at least an older teenager?... A nation loses almost 70% of its income and you claim not to know what that entails in the business climate?

What silly economic policy are you talking about?... Besides the pressure on Buhari to devalue the Naira, what else is this so called 'economic policy'?... The exiting foreign investors simply want the Naira devalued so they can make mega profits; they also want CBN vaults opened so they can gain free access and repatriate forex to their home countries to the detriment of Nigeria and Nigerians. The FG/CBN's refusal to do assent to these exploitative demands is responsible for the dubious foreign exploiters arm-twisting and leaving Nigeria. To hell with them!

cktheluckyman:


The bailout funds Buhari shared was it appropriated? Who are you to say that you cannot trust her with money? If major financial institutions and business moguls like the likes of Bill gates can trust her to manage their businesses who they hell are you ?