obailala:





What exactly are all these guys talking about?... So if 2 billion was also budgeted for the airport in 2017, how is that a justification that the budget should be cut by 75% in 2018?.... How does that amount to "Buhari is siphoning the money"?

Are we even so sure no work at all was done on the airport under the last budget?... Now let's assume no work was done, was the full budgeted amount released?... How exactly was the money siphoned?... If the budgeted figure wasn't released last year, is this the first time we shall be hearing of a project budgeted for but not executed because of paucity of funds?..

If a project was budgeted for last year but couldnt be executed due to funds, I would imagine the normal thing to do is to re-include it in the new budget. So I'm confused by these comments, if the money could not be released last year, how is that now a justification for the budget to be cut this year?... how can any 'okay' person possibly defend the legislators on this?... Is this how far the bitterness against buhari drives people now?

obailala:




What exactly are all these guys talking about?... So if 2 billion was also budgeted for the airport in 2017, how is that a justification that the budget should be cut by 75% in 2018?.... How does that amount to "Buhari is siphoning the money"?

Are we even so sure no work at all was done on the airport under the last budget?... Now let's assume no work was done, was the full budgeted amount released?... How exactly was the money siphoned?... If the budgeted figure wasn't released last year, is this the first time we shall be hearing of a project budgeted for but not executed because of paucity of funds?..

If a project was budgeted for last year but couldnt be executed due to funds, I would imagine the normal thing to do is to re-include it in the new budget. So I'm confused by these comments, if the money could not be released last year, how is that now a justification for the budget to be cut this year?... how can any 'okay' person possibly defend the legislators on this?... Is this how far the bitterness against buhari drives people now?

obailala:





What exactly are all these guys talking about?... So if 2 billion was also budgeted for the airport in 2017, how is that a justification that the budget should be cut by 75% in 2018?.... How does that amount to "Buhari is siphoning the money"?

Are we even so sure no work at all was done on the airport under the last budget?... Now let's assume no work was done, was the full budgeted amount released?... How exactly was the money siphoned?... If the budgeted figure wasn't released last year, is this the first time we shall be hearing of a project budgeted for but not executed because of paucity of funds?..

If a project was budgeted for last year but couldnt be executed due to funds, I would imagine the normal thing to do is to re-include it in the new budget. So I'm confused by these comments, if the money could not be released last year, how is that now a justification for the budget to be cut this year?... how can any 'okay' person possibly defend the legislators on this?... Is this how far the bitterness against buhari drives people now?

kahal29:

In Budget matters..... You propose on what you want to do, expenditures you wish to undertake given available resources or revenue. It is a wish list technically defined as the expenditure and revenue plans of the government in a year. The expenditures are tied to your revenues. It is not a sure bet rather as money comes in you fund your proposed projects. If in a particular year you are not able to execute your proposed projects due to shortfall in revenue you re propose in the next year's budget with the hope that your revenue profile will improve.


Now the first proposal was done in 2017 but the economic indices that year showed that oil prices were low implying low government revenue since oil is the major source of government revenue. Futhermore, inflation was high and the economy was also in recession in which we came out from late last year. So all this factors may have contributed to the inability of government to execute the project now making them to represent it in 2018 budget since the economic indices have changed.

Oil prices are up again, inflation is coming down leading to improvement in government revenues.

On a lighter note assuming without conceding that 2 billion was appropriated last year, who is even sure that the said amount was not tampered with at the same committee's stage given the aloofness of our so called senators/ representatives and bearing in mind that we only got to know about the cut through PMB.

Finally don't allow your hatred for PMB to either consume or destroy you. Take a course in Accounting or Public finance to help yourself.

MikeBetty:
Some Will Like To Exonorate The Presidency While The Same Project Was Given The Sum Of #2b In 2017 Appropriation Bill. The Question Is Why Didnt They Execute The Project With The 2017 Appropriation? They Are Looking For A Way To Set The East Against National Assembly. Who Account For The Previous #2b?

gratiaeo:

The question is where is 2017 2 billion. Buhari did not do the project when there was no budget cut last year. The explanation has to start from 2017, we already know Buhari is playing his usual blame game

obailala:
What you've explained here is just common sense which even primary school pupils understand. But the guy you quoted is only just being consumed by bitterness/anger against buhari which has eroded their common sense.

EternalTruths:

Ask Buhari to tell you where he plans to get money for ranching if he never had any allocation for the 2017 budget assigned to the airport.

benjamin007:
Let's just accept the fact that Nigeria is doomed
Quote me and die today

diebuhari1:

Buhari is using that airport terminal project to siphon money every year.
Thief!

EternalTruths:


So where did Buhari get money for his proposed cattle ranches which he wants to use to Islamize Nigeria.?

So how come this same deficit did not affect the proposed cattle ranching.?

MikeBetty:
Some Will Like To Exonorate The Presidency While The Same Project Was Given The Sum Of #2b In 2017 Appropriation Bill. The Question Is Why Didnt They Execute The Project With The 2017 Appropriation? They Are Looking For A Way To Set The East Against National Assembly. Who Account For The Previous #2b?

diebuhari1:

Buhari is using that airport terminal project to siphon money every year.
Thief!

diebuhari1:
I wanted to reply you with something reasonable, then I saw your picture. I don't discuss with runs girls and shewes.

Caseless:
Lol


Ibo people will cry when they're not supposed to and, laugh when they're not supposed to.


They won't cry and blame their headless son now for the reduction.

gratiaeo:

The question is where is 2017 2 billion. Buhari did not do the project when there was no budget cut last year. The explanation has to start from 2017, we already know Buhari is playing his usual blame game

kahal29:



Stop displaying your ignorance in a public platforms like this. I will advise you keep quiet in matters you don't know very well than jumping into the fray and fooling around.


In Budget matters..... You propose on what you want to do, expenditures you wish to undertake given available resources or revenue. It is a wish list technically defined as the expenditure and revenue plans of the government in a year. The expenditures are tied to your revenues. It is not a sure bet rather as money comes in you fund your proposed projects. If in a particular year you are not able to execute your proposed projects due to shortfall in revenue you re propose in the next year's budget with the hope that your revenue profile will improve.


Now the first proposal was done in 2017 but the economic indices that year showed that oil prices were low implying low government revenue since oil is the major source of government revenue. Futhermore, inflation was high and the economy was also in recession in which we came out from late last year. So all this factors may have contributed to the inability of government to execute the project now making them to represent it in 2018 budget since the economic indices have changed.

Oil prices are up again, inflation is coming down leading to improvement in government revenues.

On a lighter note assuming without conceding that 2 billion was appropriated last year, who is even sure that the said amount was not tampered with at the same committee's stage given the aloofness of our so called senators/ representatives and bearing in mind that we only got to know about the cut through PMB.

Finally don't allow your hatred for PMB to either consume or destroy you. Take refreshal course in public finance and government budget to help yourself.

kahal29:


Like some said on vanguard

"Shame on South East senator's, God bless you buhari, the earlier we put sentiment aside and call evil-evil the better for nigeria, thanks buhari for this revelation . This is how ekweremadu and others represent us.

Thank God for buhari telling nigerians what is going on , Abaribe and others will be claiming not to know. The same Senate where we have members representing us are the ones cutting South East budgets"

nanauju:
These south eastern leaders are the most corrupt in this country. The fact that none of their kinsmen call them to order is more frustrating.

gratiaeo:

The question is where is 2017 2 billion. Buhari did not do the project when there was no budget cut last year. The explanation has to start from 2017, we already know Buhari is playing his usual blame game

KratosCorp:
Shut your trap. You are the ignoramus here. The government's official said last year that 1.7 billion had ALREADY BEEN PAID for that exact project for which 2 billion was provided in the 2017 budget. So, we now know it was all a lie. The government waa simply using the project as a coy to syphone cash.

benjamin007:
Let's just accept the fact that Nigeria is doomed
Quote me and die today

Uteghe:
Ekweremadu,the dirty,stinking, thieving,ugly,brothel owning IPOB pig.

diebuhari1:

Buhari is using that airport terminal project to siphon money every year.
Thief!

EternalTruths:
The SE must find out at what point the cuts were made and who made those cuts.


We must find out which part of Nigeria the people who made the cuts are from.


Buhari you must explain this fact below
You think you can use money meant for SE zone to play ping pong politics.?


Buh“Instructively, the National Assembly approved exactly the same N2 billion for the same terminal building in the 2017 Appropriation Act. So, I believe the relevant committees of the National Assembly committees are on top of the situation.”
Culled from Vanguard Newspaper

benjamin007:
Let's just accept the fact that Nigeria is doomed
Quote me and die today