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Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto - Politics - Nairaland

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Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto by chily11: 6:56pm On Oct 21, 2022
Tinubu: We have a spending problem in the sense that we are not spending enough. We need to pass laws to remove restrictions preventing us from spending more.

According to this manifesto, he plans to spend as much as he wants without any restrictions to the amount of money.

Re: Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto by chily11: 6:58pm On Oct 21, 2022
"Government can hire millions of unemployed Nigerians to modernise national infrastructure”

Are they skilled? This reeks of “recruit 50 million youths into the army”.
Re: Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto by Nobody: 7:00pm On Oct 21, 2022
shocked
Re: Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto by SocialJustice: 7:00pm On Oct 21, 2022
Are you for real? Buhari has already borrowed N20 trillion and trying to convert it to 40 years bond. Total debt is over N50 trillion and agbado master wants to borrow more?

Incredible!
Re: Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto by chily11: 7:00pm On Oct 21, 2022
'If borrowing is a crime, stop using Mercedes Benz and Lexus."

- Tinubu 2022

Who can help us explain?
Re: Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto by chily11: 7:39pm On Oct 21, 2022
“Optimizing of Government Revenues” says “deploy same skills used in Lagos State”

Does this mean Alpha Beta Corporation that collects revenues in Lagos will be retained to collect federally due taxes and retain 10% of collections?
Re: Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto by chily11: 7:41pm On Oct 21, 2022
The Tinubu administration will also only borrow in $ for projects that generate revenues that repay the $ loans. Pg 21

Tie this into the mass employment of youth to build infrastructure, pg 14 l. how much of this infrastructure will be revenue generating?
Re: Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto by chily11: 7:42pm On Oct 21, 2022
Oil and gas pg 33

Nothing new of note mentioned here except frontier oil drilling in Lake Chad (seriously?)

However gas prices to be deregulated in 6 months? Pg 36 Then what?

Says PMS subsidy will go does not say when. Pg 37
Re: Do We Have A Spending Problem Or A Revenue Problem? Let's Discuss The Manifesto by chily11: 7:44pm On Oct 21, 2022
The big miss in the document is how it will fund this expansionary budget.

It already says “increasing taxes is counterproductive “ pg 18

It says the bulk of money will come from “reducing leakages” I agree, but show me the details.

Overall, document, needs more drill down

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