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Nairaland Forum / Nairaland / General / Politics / FG Records N1.064trn Half-year Revenue Shortfall (12554 Views)
FG Records N1.064trn Half-year Revenue Shortfall / FG Records N725bn Deficit In First Quarter / FG Records N916bn Revenue Shortfall (2) (3) (4)
Re: FG Records N1.064trn Half-year Revenue Shortfall by obailala(m): 10:34pm On Jul 25, 2016 |
malcomvee:Oh so the plan is to force Buhari to resign?... something you know he will never do. Or probably the plan is to make 180 million Nigerians suffer so badly through hellish conditions for the next 3 years so they can vote Buhari out by 2019?... meanwhile these 180 million people include your family, friends and yourself... You must be a very wise son of your father and community. 1 Like |
Re: FG Records N1.064trn Half-year Revenue Shortfall by porka: 10:40pm On Jul 25, 2016 |
0 budget. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by porka: 10:52pm On Jul 25, 2016 |
Housing: Dogo turenchi. NNPC is making 'profit' now. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by NavierStokes(m): 10:57pm On Jul 25, 2016 |
Ibime: You can continue with the name calling while living in fantasy. was the promise a few months back not about releasing 350billion per quarter to stimulate the economy, probably to get construction workers back to site * we argued that the amount was too little and like an and in a sink hole, zombies like you argued how it was a magical move and the money will be used to settle debts owed by contractors* today there is no known improvement in employment statistics(significant remobilization of contractor staff), nothing noteworthy taking place save for movement of some construction materials for the press, and the same zombie wants to turnaround and convince me that 330billion has been pumped into the system. A govt ruled this country not long ago and I could see ferma at work everywhere, despite that govt's capex being a fraction of this, today another govt claims to have expended 330billion and the only evidence seems to be disbursements done on the newspaper. I havent even seen any pictures of work in progress anywhere. Check thyself oh zombie, check thyself. 1 Like |
Re: FG Records N1.064trn Half-year Revenue Shortfall by cjrane: 11:01pm On Jul 25, 2016 |
Meanwhile Buhari is concerned about finding free land in the south for his Fulani people. How many people from other tribes have been given land free of charge in Katsina? Our economy is in a disasterous shape because of disasterous incompetent leadership. Buhari is so parochial that only Fulani problems matter to him. He forgot that Fulani just make a fraction of Nigeria and just concentrating on fulanis alone is akin to concentrating on a tiny fraction of the problems if Nigeria. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by idupaul: 11:05pm On Jul 25, 2016 |
NaijaMutant: The problem is not Adeosuns but that of the Buhari. .Buhari lacks wisdom and vision take any impact anywhere |
Re: FG Records N1.064trn Half-year Revenue Shortfall by porka: 11:07pm On Jul 25, 2016 |
Ibime: Technical consultants to the fund release? What is that? |
Re: FG Records N1.064trn Half-year Revenue Shortfall by Ibime(m): 11:10pm On Jul 25, 2016 |
NavierStokes: My friend, quit ranting. Are you discussing with me or ranting to yourself about things only you know about? Who argued with you in the past? You think you are discussing with zombie or wailer or your fellow e-warrior? I can see hunger hasn't finished with you. Brace yourself, more hunger is coming your way. By the time it is finished with you, you will change your name to Bernoulli or Black-Scholes. 1 Like |
Re: FG Records N1.064trn Half-year Revenue Shortfall by porka: 11:10pm On Jul 25, 2016 |
NavierStokes: Don't stress yourself my guy. They didn't call it a zero (0) budget for fun. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by Deen77: 11:14pm On Jul 25, 2016 |
saint047: Yes progress not blame. The only solution to our problems is diversify but with what. Let me give you simple explanation, 90% of our income from crude is needed for Petroleum import. Until we stop importing petroleum products an essential commodities to run our economy. We have to produce our fuel consumption locally to stop wasting our forex on importation. Even the generators in your street are using imported fuel. For 16 years with Oil boom we have the opportunity to stop this nonsense and save our economy by building a refinery but PDP believe in importing and paying subsidies in trillion naira every year to politicians. 2 Likes |
Re: FG Records N1.064trn Half-year Revenue Shortfall by porka: 11:21pm On Jul 25, 2016 |
Deen77: Whether you import petrol or you refine, crude oil is traded in dollars. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by NavierStokes(m): 11:27pm On Jul 25, 2016 |
Ibime: Nonsense, Every time one has a discussion with these buhari minions here on nairaland they think everyone is as hungry like them. I'll smile and let it pass as I always do , we don't know each other so no need for those sorts of attacks. Have a wonderful night amico. Arrivederci. Ps: how much was the capex in previous budgets that we were seeing evidence all around us that someone would want to convince me 330billion NGN has been spent with all the indices looking down south. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by Ibime(m): 11:29pm On Jul 25, 2016 |
Deen77: It is not Govts business to build refineries. The US does not have a single state owned refinery. Dangote refinery is the way forward. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by Ibime(m): 12:01am On Jul 26, 2016 |
NavierStokes: N330 billion has not been spent. It's been given to the ministries to spend just a month ago. Which indices do you expect a $1billion capital fund to push north? Are you proposing the smallest Keynesian stimulus in history? 2014 Capital Budget was $6.7bln at $77 oil price benchmark. Oil Price ended up hitting $89 average for the year. I assume 50% of the uplift (FG share) was also spent on CAPEX as nothing was saved. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by NavierStokes(m): 12:21am On Jul 26, 2016 |
Ibime: A quick but final response for the night: N330 billion has not been spent. It's been given to the ministries to spend just a month ago. Look at the article carefully and you will find that it wasn't meant as a release rather as an expenditure, reason why its said that recurrent has already been met up to that amount, or are the ministries a different entity from the FG? if it were a mere release we wouldn't be having this convos then. Which indices do you expect a $1billion capital fund to push north? Are you proposing the smallest Keynesian stimulus in history? When the government planned on stimulating the economy by spending on capital projects what were they thinking? That the effect should not be felt in the economy? No change in indices (employment figures etc), how much do you propose would be claimed to have been spent before results become visible. The promise was to stimulate the economy by injecting 350billion per quarter and there is a claim of 330billion already gone in 1 month yet you want us to assume it's so small that it's gone through a sink hole. Since you said you were not one of those supporters who told us the move was the best thing after shortbread I'll forgive your missing the points I am trying to put to them. 1 Like |
Re: FG Records N1.064trn Half-year Revenue Shortfall by Ibime(m): 12:37am On Jul 26, 2016 |
NavierStokes: What Adeosun didn't tell you is that 2016 CAPEX budget is the smallest in 10 years on PPP comparative because the Chinese and Julius Berger do not accept payment in Naira. In dollar terms, OBJ had a bigger CAPEX budget in 2007 - $5.1bln vs $4.9bln at current FX rates. Not to mention the budget is completely unimplementable due to dwindling oil revenues. We have just seen $1bln released after a full year. As standard, Nigeria prosecutes CAPEX projects with $6bln yearly. You dont need a guru to tell you there is a big black hole in our finances, which is why those who follow numbers and not politics insist steadfastly on ECA account being respected as it should have been. It is not a minor matter to brush aside for political expediency. As for economic indices, I don't see how an extra $1bln of Govt spending will materially effect a $300bln dollar economy. The major economic force at play that affects the common man now is lack of Forex earnings through oil sales to help stabilise the Naira. Oil price and Avengers are our major economic concern. 3 Likes |
Re: FG Records N1.064trn Half-year Revenue Shortfall by uvalued(m): 1:17am On Jul 26, 2016 |
NaijaMutant:naija.. once iys about buhari i just come and read comments .. and be amused |
Re: FG Records N1.064trn Half-year Revenue Shortfall by Nobody: 2:53am On Jul 26, 2016 |
Govt. Of f.ools, by f.ools, for f.ools! |
Re: FG Records N1.064trn Half-year Revenue Shortfall by Nobody: 4:21am On Jul 26, 2016 |
temptnow:You have seen the effect of dealing with Buhari. His children are graduating from good schools and I am not sure that they are unemployed. Every attack on economic infrastructure takes away food, job, prospect and degrades the environment. And the poor feels the effect first. Na we dey do ourselves. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by MarrisManah(m): 4:47am On Jul 26, 2016 |
Ibime:Pathetic... aside Lagos and Akwa ibom, which other state in Nigeria spend half of that amount as their annual budget? I support pmb more than you, but this is shit! Heart-rending. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by NavierStokes(m): 5:10am On Jul 26, 2016 |
Ibime: Alright good morning bro, I have read through your argument above and we are perfectly on the same page, cos this is absolutely my position here from months ago when the finance minister first talked about a 350billion ngn stimulus. My initial response or first post was clearly a direct attack to the "zombies" line of thought from back then. Since that believed 350billion was capable of performing magic on the ailing economy. Have a great day ahead. NavierStokes |
Re: FG Records N1.064trn Half-year Revenue Shortfall by Catastrophe1: 5:50am On Jul 26, 2016 |
Nigeria is officially finished. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by amtaken(f): 5:56am On Jul 26, 2016 |
Let's all claap for our dear president Buhari for a job well done. Ndi ara! |
Re: FG Records N1.064trn Half-year Revenue Shortfall by emi14: 6:21am On Jul 26, 2016 |
ITbomb: Masquerades best for the youths....hahahaha..well written |
Re: FG Records N1.064trn Half-year Revenue Shortfall by mobidoo: 6:25am On Jul 26, 2016 |
Just the beginning, from 5%.. But why could only 5% be destroying 95%, that was poor calculation from buubuu, the selfish president
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Re: FG Records N1.064trn Half-year Revenue Shortfall by billyG(m): 7:20am On Jul 26, 2016 |
NaijaMutant:Gej/Okonjo my Shiit!If they are so Good we wont b in this MESS. |
Re: FG Records N1.064trn Half-year Revenue Shortfall by MrGerald(m): 11:53am On Jul 26, 2016 |
Ibime:thinking of a typical zombie, is dollar your local currency? The value of such amount if actually invested would be felt anywhere in this world |
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