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Nairaland Forum / Nairaland / General / Politics / Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? (22064 Views)
President Buhari Presents N7.3trn 2017 Budget to National Assembly / President Buhari Presents 2017 Budget To The National Assembly / Opinion - Lawmaker's Constituency Allowance, Of What Benefit To The Masses? (2) (3) (4)
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Standing5(m): 7:22pm On May 07, 2016 |
KiTATITA, u spoilt their party big time. The thread was meant to attack the performing FG under Buhari's watch. This is the first budget in Buhari time n so the op shoule expect a different result. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Nobody: 7:23pm On May 07, 2016 |
More employment opportunities. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Bonethugss: 7:23pm On May 07, 2016 |
Money will soon be in circulation. This is an expansionary budget, it's noticed that the economy is dry, no money flow, this budget aims to pump billions to stimulate the Economy. All things being equal the effect will trickle down in less than a year. Once the ministry of finance starts the disbursement. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by mollie12: 7:30pm On May 07, 2016 |
Simply put, more money in circulation. There is a significantly high proportion in this year's budget that has been allocated to CAPEX spends, so that means many construction/infrastructure projects will open up. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Wealthyonos(m): 7:30pm On May 07, 2016 |
The benefit is that, money will flow from the top to the bottom. Pls i will advice you to stay at the middle becos the money could grow thinner before it gets to the bottm. Lol 2 Likes |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by mukhcech(m): 7:41pm On May 07, 2016 |
miketayo: Yes, By Gods Grace. Incase u dont believe in God. It is still a yes from me. If you are a doubting thomas, just wait at the end of 4yrs. Goodnight. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by AMI3(m): 7:45pm On May 07, 2016 |
Op dear, don't build your hope around the government rather build your hope in GOD. The only way a common man can be remember in our society like ours is when he or she has struggled to push his or herself to the top by doing extra ordinary thing. Remember this, that you are just a common man |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by tuniski: 7:47pm On May 07, 2016 |
kITATITA: Very simple any spending by govt on the economy will increase money circulation. However, this yeye govt has no money to spend cos they currently are still borrowing to pay salaries! Where will d money come from? No loan no FDI and falling government revenue. All the noise remains noise. The only new thing is to be commencement of capital project! |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by oglalasioux(m): 7:50pm On May 07, 2016 |
Governments benefit the citizens through creating enabling environment for; 1. Provision of amenities. 2. Provision of infrastructures. 3. Security. 4. Health care. 5. Education. etc. So your benefit is usage of the things mentioned above. In saner climes, what government does is to indemnify the private sector to provide these and a good credit system for the citizens to consume. In a multiplier effect, it provides jobs for the people. These things are what budgets take care of. The problems with Nigerian budgets is that government tries to take care of everything, which is better in a way, but as you and I know, the monies end up in private pockets. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by kole22k(m): 7:56pm On May 07, 2016 |
most nairalander that usually call PMB a dullar and all sort of names are even worst than being call a dullar. if a nairalander can be asking what are the benefits of signing a budget at this age, and it's the same set of people that always criticize any action of the gorverment saying PMB never went to school they don't h ave this, they don't have that. if not for this administration that open the eye of most Nigerian to the significance of a good budget and how money should be appropriated to eliminate the most pressing needs of the people in the last administration majority of people never know when the budget is being passed not to talk of when it was signed. I hope and believe that the current budget would go a long way if the implementation is well control and monitor. 5 Likes |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Nobody: 7:57pm On May 07, 2016 |
miketayo:So long as the money is spent in stimulating the economy, it's going to benefit everyone. My only fears are 1). The President is stingy and doesn't release money easily. I don't want money returned at the end of the budgetary year (2). Our propensity to consume foreign goods and services. Instead of buying Nigeria, income and earnings would be changed to foreign currencies and used to import frivolous items. (3). Our work attitude is lame. The Nigerian worker is not very productive. (4) Ethnic and sectarian allegiance is at its peak; with potential for sabotage of governance. (5). The welfarist aspect of the budget leaves room for cronyism and corruption. Overall if we maintain the course, in ten years the country will start to experience the benefits of diversification 2 Likes |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by menxer: 7:59pm On May 07, 2016 |
As a man thinks so is he (his experience) As a people think.... To All those that think/say there is nothing they will benefit from this budget, So Mote it be. As for me and my house, we shall partake of the good things this budget shall bring to our nation, So mote it be. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Nobody: 8:01pm On May 07, 2016 |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Nobody: 8:01pm On May 07, 2016 |
tuniski:There's money that the President refused to spend yet. We have savings from fiscal discipline as well as borrowing. Let's hope it is committed to servicing the budget. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by miketayo(m): 8:05pm On May 07, 2016 |
kITATITA: dats a lot of fears |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by miketayo(m): 8:06pm On May 07, 2016 |
kITATITA: dats a lot of fears .. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by wwwkaycom(m): 8:19pm On May 07, 2016 |
If there are vacancies in any FG establishment, e.g. the Police force that have advertised, universities, agencies of FG etc, those vacancies would have been budgeted for, now that the budget have been signed, its time to fill those vacancies. So if you're unemployed, you can begin to apply, lobby your godfathers, pastors, Imams, relation, big men in your town etc to link you with those establishments, OK! 1 Like |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Mbediogu(m): 8:22pm On May 07, 2016 |
alexistaiwo: You did well to bring the meaning of budget to grassroots level, but your explanation applies to developed economies, not to corrupt nations like our dear country. Here budget means more money for laundering and partymem patronage. It means available money to meet the insatiable demands of the assembly men at the three levels. But I trust His Excellency the President to wrestle it out with them. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Thatitan234(m): 8:23pm On May 07, 2016 |
Workers salary being paid is also part of the recurrent budget allocations. however injecting money into the economy is best inform of capital projects and infrastructure especially awarding contracts on roads, railways, buildings etc. this way many more people get affected directly and indirectly. just as it was pointed out in the post you quoted, its not about salaries. cheers 1 Like |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by mikolo80: 8:28pm On May 07, 2016 |
alexistaiwo:congrats signed, money paid to contractors, contractors buy goods and services in market, if you're a useful member of society (productive), you get some of it. if not whoever is feeding you gets it and buys food and shelter for your ignorant(not an insult) self. 1 Like |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by mikolo80: 8:32pm On May 07, 2016 |
davis112:if contractor no get moni to pay workers,and workers no get moni to pay market women, how market women wan buy your hustle. think bfor you talk 2 Likes |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by mikolo80: 8:47pm On May 07, 2016 |
kITATITA: 1 Like |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Nobody: 8:52pm On May 07, 2016 |
Budget of yams |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Saao(m): 8:54pm On May 07, 2016 |
kITATITA:my brother u tried. The budget has been in operation since January 1. Inflation is about 12.8 percent, spending more money will increase it. During d signing president said capital budget will not be fully implemented. We must look forward for next year |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by gaffig: 8:59pm On May 07, 2016 |
S6un:please borrow sense. 1 Like |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Ponsche(m): 9:01pm On May 07, 2016 |
englishmart: If your country is a zoo, you're an animal! |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Nobody: 9:09pm On May 07, 2016 |
The ordinary people have not benefitted from past budgets.Therefore this one will not be different.You should scrutinize which department get more to determine who will benefit.I still don't believe that the common men will benefit afterall. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Nobody: 9:13pm On May 07, 2016 |
Thatitan234:But state governors have being embezzling workers money. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by Uniquexty(f): 9:24pm On May 07, 2016 |
Will the MOD temporary staff be regularized? After 2 yrs of verification?. |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by uvalued(m): 9:26pm On May 07, 2016 |
kITATITA:noted |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by dimssy(m): 9:50pm On May 07, 2016 |
Economist? Thats multiplier effect at work. Nice answer. kITATITA: |
Re: Of What Benefit Is Signing Of The 2016 Budget To The Common Man On The Street? by dam4wummy(m): 10:01pm On May 07, 2016 |
Standing5: before i start, just would like to let i know 'm not a wailer noe zombiethat cleared Last years budget was signed the same MAY http://mobile.reuters.com/article/idUSL5N0YB49M20150520 buhari was signed in, how did that affect the common man Then in december, http://m.guardian.ng/news/senate-passes-%E2%80%8En574-532-as-2015-supplementary-budget/ a supplementary budget was passed... now explain to me how all these has reduced the price of 1 cuo of gaari for the common man How directly and indirectly it has affected the common man on the street |
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