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Nairaland Forum / Nairaland / General / Politics / 2016 Bleak As Budget Failure Looms (16070 Views)
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2016 Bleak As Budget Failure Looms by dre11(m): 1:48pm On Jul 17, 2016 |
As the International Monetary Fund (IMF ) predicts that Nigeria’s economy will contract this year, the Minister of Budget, Senator Udoma Udo Udoma on Thursday has painted a more bleak picture for the economy this year, saying government revenues reached only 55 per cent of what had been targeted in the first quarter of the year, blaming attacks on oil facilities in the southern Niger Delta region. https://newtelegraphonline.com/nigeria-2016-bleak-budget-failure-looms/ 1 Like
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Re: 2016 Bleak As Budget Failure Looms by legendte(m): 2:09pm On Jul 17, 2016 |
Bubuhari is working. 19 Likes |
Re: 2016 Bleak As Budget Failure Looms by NavierStokes(m): 2:31pm On Jul 17, 2016 |
Excuses everywhere, sane people already warned about this highfalutin and unrealistic budget not built on any fundamentals the government wanted to give some sort of fantasy to her gullible supporters. You can't put this I on any NDA's or agitators because although they may impact your revenues but then it wouldn't have been to such an extent where you can not meet up with the budget. Your albatross was from the poor policies that stifles economic activities creating an adverse ripple effect through all spheres of our economy. A quick math is as below: Projected direct oil revenue: 2.2 * 38 Actualized revenue: average of 1.8 million bbls a month January to date, averaged at 38 dollars per bbl yields a percentage delta of 0.4/2.2 *100~=18%. Recall the boast that the oil revenues forms a small chunk of their projected revenue, so why is the FG trying to act like an 18%drop in a minute quantity would be so sensitive to significantly impact the total income as to threaten the budget's implementation. (this argument is in Following the logic of zombie followers who do not understand the interconnectedness of all aspects of the economy and see each as disparate components thus their illogical arguments a few months ago on whule the budget of change was the best thing after fried rice) 93 Likes 6 Shares |
Re: 2016 Bleak As Budget Failure Looms by ijustdey: 2:33pm On Jul 17, 2016 |
Leon, who spoke in a recent interview in Abuja, said, while conditions that impeded growth in the first half of the year, including shortages of power, fuel, and foreign exchange, as well as the higher price of dollars on the parallel market, may have been reduced, they still weigh on the economy. this assumption is on the negative...... seems our economy is defeating principles and assumption of international agencies and reports just like the emboldened..... 2 Likes |
Re: 2016 Bleak As Budget Failure Looms by junketer(m): 2:40pm On Jul 17, 2016 |
These apc people keep blaming everything and anything but themselves. They blamed gej, mama peace, corruption, empty treasury, opposition, the masses, they even blamed GOD. Now they are blaming militants. Oya nigerians. Buckle your seat belts. Rough sea ahead. 85 Likes 7 Shares |
Re: 2016 Bleak As Budget Failure Looms by veekid(m): 8:18pm On Jul 17, 2016 |
Ok |
Re: 2016 Bleak As Budget Failure Looms by udyheart01(m): 8:19pm On Jul 17, 2016 |
I Just Dunno What To Say[i][/i] 2 Likes |
Re: 2016 Bleak As Budget Failure Looms by DeKen: 8:19pm On Jul 17, 2016 |
Hmm |
Re: 2016 Bleak As Budget Failure Looms by 2sexynet: 8:19pm On Jul 17, 2016 |
Buhari has no plan of coming back second term and hence, his misdemeanor 29 Likes 1 Share |
Re: 2016 Bleak As Budget Failure Looms by Monimatic(m): 8:19pm On Jul 17, 2016 |
[size=13pt] Buhari the dullard see ur life Zombies how market[/size] 48 Likes 1 Share |
Re: 2016 Bleak As Budget Failure Looms by Sunofgod(m): 8:19pm On Jul 17, 2016 |
So NDA are to blame? www.nairaland.com/attachments/3807356_img20160529wa0005_jpeg5853ab4017e2fc1dfaeb61cf36c904c0 56 Likes 1 Share |
Re: 2016 Bleak As Budget Failure Looms by VocalWalls: 8:20pm On Jul 17, 2016 |
It's sad that BUHARI has no game plan... I wonder what will happen by 2017 Hidden Pictures Of 10 Downing Street 45 Likes 2 Shares |
Re: 2016 Bleak As Budget Failure Looms by nerdymufasa(m): 8:20pm On Jul 17, 2016 |
If expenditure stays as planned, and revenue is less due to the lack of growth “then we should see not smaller but potentially a larger deficit ,” he said. Oh...I hope to achieve this, regular civil servants pay would not be affected oo, instead allowances of public officials should be cut down if possible! 1 Like |
Re: 2016 Bleak As Budget Failure Looms by maadman: 8:20pm On Jul 17, 2016 |
..oya wailers, food don done.. 2 Likes 1 Share |
Re: 2016 Bleak As Budget Failure Looms by Fedayeen02: 8:20pm On Jul 17, 2016 |
With the hullabaloo that came with that padded budget I'm not suprised that it was designed to fail. Where is that passingshot that was giving bleeped analysis about this failed government 13 Likes 1 Share |
Re: 2016 Bleak As Budget Failure Looms by jericco1(m): 8:20pm On Jul 17, 2016 |
even IMF dey bet on top 9ja matter. 27 Likes |
Re: 2016 Bleak As Budget Failure Looms by dmorf: 8:21pm On Jul 17, 2016 |
God help us we are tired of this. Even if its our sin of Voting Bubu please forgive us 31 Likes 1 Share |
Re: 2016 Bleak As Budget Failure Looms by Emmysteve(m): 8:21pm On Jul 17, 2016 |
And some idiots wul tell us not to wail? 39 Likes |
Re: 2016 Bleak As Budget Failure Looms by Fedayeen02: 8:21pm On Jul 17, 2016 |
Buhari dullnes has infected our budget 12 Likes |
Re: 2016 Bleak As Budget Failure Looms by gurunlocker: 8:21pm On Jul 17, 2016 |
I'm fed up of reading anything APC or BUHARI, because it's always associated with FAILURE..... even zombies are fed up, they are suffering and smiling.... This is what you get when you votes for a government built on lies and have no plans.... 45 Likes 2 Shares |
Re: 2016 Bleak As Budget Failure Looms by Monimatic(m): 8:21pm On Jul 17, 2016 |
[font=Lucida Sans Unicode][/font] ijustdey: |
Re: 2016 Bleak As Budget Failure Looms by passionate88: 8:21pm On Jul 17, 2016 |
Mrvitalis demdem omenka mynd44 beremx 5 Likes |
Re: 2016 Bleak As Budget Failure Looms by Nobody: 8:22pm On Jul 17, 2016 |
Please, how can i get visa to Ghana Seriously, i don tire 4 dis country 11 Likes |
Re: 2016 Bleak As Budget Failure Looms by Omooba77: 8:23pm On Jul 17, 2016 |
NavierStokes: Na zero based budget and when you multiply anything by zero you get the multiplier.....God help Naija 13 Likes 1 Share |
Re: 2016 Bleak As Budget Failure Looms by passionate88: 8:24pm On Jul 17, 2016 |
Buhari sef 25 Likes
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Re: 2016 Bleak As Budget Failure Looms by aimuan(m): 8:24pm On Jul 17, 2016 |
Solve Niger delta problem, the avengers will sheared their sword. 9 Likes |
Re: 2016 Bleak As Budget Failure Looms by passionate88: 8:25pm On Jul 17, 2016 |
dmorf:u vote the idiot? 14 Likes 1 Share |
Re: 2016 Bleak As Budget Failure Looms by Izonpikin: 8:25pm On Jul 17, 2016 |
NavierStokes:no mind this lie lie government ooo...na oil them fully eye to fulfill the budget oo....lie wan kill this government....NDA dey teach them lesson.... 25 Likes 2 Shares |
Re: 2016 Bleak As Budget Failure Looms by cornel994(m): 8:26pm On Jul 17, 2016 |
I believe in 2019 nigerians will be wiser 11 Likes |
Re: 2016 Bleak As Budget Failure Looms by Tonylyte(m): 8:26pm On Jul 17, 2016 |
funny how people expects positivity in economy from the Nepa bill holder. It will even be better of for nigerians to stay without president than having buhari as one. 28 Likes
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Re: 2016 Bleak As Budget Failure Looms by confistified(m): 8:27pm On Jul 17, 2016 |
Hmmmm |
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