oduastates:
You collect salary on Friday, take am jolly for Saturday, come dey wonder why you no get money for food on Monday.

FG, States, LGs Share N568.4 Billion for Oct
15 NOVEMBER 2013


[img]http://cdn1.vanguardngr.com/wp-content/uploads/2015/09/412x247xOkonjo-Iweala-e1442838220305.jpg.pagespeed.ic.nz-K0adxSv.webp[/img]



Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that [size=14pt]the states had requested for $2bn[/size] to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

leghagha:
It goes to show most of us don't understand the problem at hand.Will she increase the price of oil to over 100 dollars

MrGerald:
online warrior, who condemned them? talking when you meet them in real life na you'll shiver

IyfeNamikaze:


lol.... just look at how dumb you are. the past government borrowed to pay salary because at that time, the budget was yet to be signed. Go borrow some brain sir.

Ogbobesinachi:
The voice of human is voice of God

aresa:

https://www.youtube.com/watch?v=ltrsjqTE_p8



The useless woman is now telling us how worthless and incompetent she was and how they failed to prevent the economic calamity they left behind..


This is the same lazy and incompetent woman who was borrowing billions to pay salary when oil was selling for $80

This is the same good for nothing woman who in 2018 told us to get ready for austerity and suffering when oil was selling for $80.


So, exactly what is she going to do now that oil is selling for $30-40? Sell Nigeria to pay salary...


Igbos and their evil prayers sha.. no wonder they are doomed and condemned people...

aresa:

https://www.youtube.com/watch?v=ltrsjqTE_p8



The useless woman is now telling us how worthless and incompetent she was and how they failed to prevent the economic calamity they left behind..


This is the same lazy and incompetent woman who was borrowing billions to pay salary when oil was selling for $80

This is the same good for nothing woman who in 2018 told us to get ready for austerity and suffering when oil was selling for $80.


So, exactly what is she going to do now that oil is selling for $30-40? Sell Nigeria to pay salary...


Igbos and their evil prayers sha.. no wonder they are doomed and condemned people...

aresa:
[s][/s]



Very ignorant and unintelligent rambling...

In the video, the woman clearly stated how incompetent and jona was to save us and our economy and these jokers are sitting here spewing irrelevant garbage.

aresa:

https://www.youtube.com/watch?v=ltrsjqTE_p8



The useless woman is now telling us how worthless and incompetent she was and how they failed to prevent the economic calamity they left behind..


This is the same lazy and incompetent woman who was borrowing billions to pay salary when oil was selling for $80

This is the same good for nothing woman who in 2018 told us to get ready for austerity and suffering when oil was selling for $80.


So, exactly what is she going to do now that oil is selling for $30-40? Sell Nigeria to pay salary...


Igbos and their evil prayers sha.. no wonder they are doomed and condemned people...

PentiumPro:
Brain dead biafrans

maigemuu:
Nairalanders make una ten chilaxoquine to cool una temper. 2019 is fast loading and the dollar increases geometrically against the naira. It's obvious the APC and PDP have no solutions to the ailing economy. Every thing is now at its lowest ebb. It marvels me daily when naira crashes daily and it is always reported as the lowest in years.

Common $1 cost of a candy would a whole family in Nigeria with leftover.

If you ask government in power na so so rhetorics you go hear. "The previous government spoilt things". Some nairalanders go say give the government more time to get it back when it is obvious they have no answer to the failing economy.

I read where the minister of finance used the word " technically in recession" to "technically admit guilt".

Politics in Nigeria has suddenly turned politricks with several families living in abject poverty.

I don't know what the achievement of the govt has been till date not even with the CBN changing goal post daily trying all sorts as if " IFA priest " were asking "IFA".

2019 is still 3years away and I Wonder what would become of the naira.

What grieves me most is when a client calls to buy uncompleted buildings in Lagos from abroad because of the wide gap.

Ah... OMA se o...

Naija... My country!

Real2020:
Ahithophels aka afonjas wanted Kemi there as their own Iweala not minding she is not qualified...always dragging feet, fingers and phallic symbols with Igbos as if Igbos are their mate. You see them in Biaffran Invention thread doing the same. The kind of insults Igbos have received in this country cannot be expressed enough. The irony of all these is Igbos want to be left alone in their own country, these afonjas refused, they hide under One Nigeria...uneven playing field and marginalization, and propaganda to drag feet with Igbos.

Real2020:
Ahithophels aka afonjas wanted Kemi there as their own Iweala not minding she is not qualified...always dragging feet, fingers and phallic symbols with Igbos as if Igbos are their mate. You see them in Biaffran Invention thread doing the same. The kind of insults Igbos have received in this country cannot be expressed enough. The irony of all these is Igbos want to be left alone in their own country, these afonjas refused, they hide under One Nigeria...uneven playing field and marginalization, and propaganda to drag feet with Igbos.

We expect that the Nigerian economy will continue to grow,
even if oil prices fall to $35/bbl and average just $45/bbl this year. A large services and agriculture sector has developed
independently of the oil sector, and this should help to
insulate the real economy from a downturn in oil prices.
However, we expect that a deterioration of the political and
security landscape could unnerve investors and tip the
country into recession. If a ‘medium’ political shock occurs
against the backdrop of a severe oil price
scenario
4
,
Nigeria’s
economy could see zero growth or even contract by in 2015
and again in 2016.
Exchange
rate
If the oil price continues to stabilise, we consider that the
CBN’s recent adjustment of the exchange rate regime will be
sufficient to ease pressure on the Naira in 2015. If oil prices
deteriorate further, we expect that a further c.10%
devaluation of the Naira will be necessary in 2015. When
combined with capital flight from a political or security shock,
we expect the Naira may need to fall by a third against the
USD by the end of 2015, matching the extent of the
devaluation expected by the futures market at the height of
the pre-election volatility in February.

general111:
I don't know what Jonathan did but I was enjoying my life during his tenure.but buhari's tenure has being hell on earth.if bringing iweala back will help revamp the economy. then let's do it.

cstr15:
She cannot improve price of oil, true. But she has the pedigree and the global clout to attract much needed FDI and dollars in the country and assure them of long term gains.
Nigeria needs solid investments. We were the third largest in the world under iweala, now it is not even in Africa's top 10 destinations for real investments.
It is no longer a question of oil.

aresa:
When Igbos become Nigerians?


Jobless mofos..

Mylove55:
the same sinking ship ur ineffectual buffoon madam put us. i understand ipod have flat heads to reason