abdeefggh:


Reno omokri on x

DeepSight:


The only reason our budget remains that poor - and I repeat with emphasis - the ONLY reason is our unthinkable political corruption. An oil producing country which has no working refineries for almost two decades speaks for itself. Let me also assure you that the theft of this country's resources is beyond the obvious. Those who collude with politicians to quietly steal solid minerals are there. Those who have deliberately sabotaged the power sector are there. If you think the subsidy was just a normal thing that had to go because "Nigerians are lazy" then you dont understand the depth of what transpires in this country. A subsidy that was only about 300 billion some years ago became over six trillion and you dont understand that a mafia was at work. The only reason it has been seized now is simply because Bretton Woods institutions will not continue loaning our political elite money to steal at that level. There are natural subsidies in every country. Its the extreme and even demonic theft of ours that has forced this situation.

Again, if you dont know that all the savings from the removal of subsidy in Nigeria will still be voraciously stolen by politicians, then you dont know Nigeria.

In Nigeria there are roads projects that have been financed by every government since Obasanjo's - and remain untouched. That level of theft should tell you the matter really rests with political corruption. Now that the cookie is crumbling or rather the cookie jar has so shrunk that there is little to steal, they wish to shift the burden to the poor.

Also, like someone pointed out up there, the true measure of a country's wealth is its GDP and not its budget. With our GDP, which has even been dropping, we can have a far bigger budget than 33 Bn. We can grow that GDP very fast also - exponentially even.

My dear, in Nigeria, taxing the people more is also no solution to political corruption. If you dont know that such tax will still disappear and yet Nigerians will move on, then you still dont know your country. Mind you, I dont say dont tax - I simply point out that it will not do jack to corruption.

tsdarkside:


and you dont understand me either....western nations are scared to tax people that have money too much because they could leave the country....

VeeVeeMyLuv:

Know the difference

These wealthy people that have money 💰 how did they make the money? Is their wealth not in the system creating more wealth for the system? More employment opportunities for the system? So any right thinking human with conscience will try not to hurt them.

Unlike Nigeria where most of the wealth are gotten through looting and embezzlement, to add insult they injury, mop up their loot in cash from the system and bury them in sockaways, geepee tanks, under their beds and pillows. Thereby severely starving the system/real sector of the needed liquidity.

DeepSight:


I have not said its the only problem. However I definitely insist it is the biggest problem.

VeeVeeMyLuv:

The one in Nigeria is abnormal, it is an abomination. Like it is constitutionally backed up and empowered.

It is too bad. If you look at it critically it is pure treason against the state that is unpardonable. For example traveling abroad for med treatment as an elected leader.

tsdarkside:


if you challendge this evil rich people,they could hire dangerous people and get you killed....

or get your relatives kidnapped....

soo,if we dont manage to improve security,then any economical achievement will mean nothing at the end....

Corn247:
And this Nigeria's budgets is mostly borrowed.

Sorry to say, this is what you get when you have huge unproductive population, population that thinks they are smart and intelligent by importing what we should be forced to produce and export .

BabaAduras:


See how parochial your thinking is. So it is only Buhari and Tinubu the messed the country up? Because of political blindness, you have developed selective memory and cannot think logically.

You cannot understand that the problem of Nigeria started when Agunyi Ironsi cancelled the prosperous regional governments and concentrated power and economy at the center. That singular action, killed all the regional bases of industrialization (Palm Kernel in the West, Groundnut and Leather in the North, Coal mining in the East).

This was followed by the recklessness of Gowon/Awolowo era of "our problem is not how to make money but how to spend it" coupled with the hyper-inflation that followed "Udoji Allowance."

Muritala and Obj just followed Gowon/Awolowo economic blueprint and handed power to the super looting era of Shehu Shagari.

From then to date, the only government that tried to change the trend was GMB/Idiagbon. Unfortunately, Nigerians were not ready to make the necessary sacrifices to make it work. So the government did not last. It was toppled by the smiling super-looter IBB. All the governments we have had since then to date are just super-looters with no plan nor the boldness to drive necessary change that would resulted in the nations prosperity.

The hope is that BAT can sustain the bold initiatives he has started to reverse our fortunes. That is the waiting game. It is simply too early now to see a sudden reverse in fortune of an economy that has been damaged and battered for over a period of close to 55 years.

I must say, people like you who cannot look back to understand the problems, but reason and make comments from political/ethnical/tribal point of view are not helping the matter at all.

Phantom233:
It's not about how much you budget but what you actually do with the money. Even if we're given 500billion dollars yearly, our extremly corrupt and wicked Apc political rulers and Allies will reloot the monies without any tangible results

abdeefggh:
We have a long way to go

DeepSight:


Please I mean no offense oh, so try to take none - but how old are you? Because I dont know if you know much of our country. I dont know if you know, for example, how we budget for certain pieces of major infrastructure every year, and leave them untouched. There are many I can point out to you which have been funded for over twenty years consistently and never been touched. What is that if not black magic. That's why I asked how old you are. If the question offends you, please let me translate it to how long you have been following political economics in Nigeria. That's a better way to phrase it.

Dear friend, if you understand the ruthlessness of our corruption and its depth and scale, you would know that corruption has always been our biggest problem. If you like earn one trillion dollars, it will disappear in Nigeria, I guarantee you.

tsdarkside:


no mind them....to them everywhere else is better than nigeria....

tell them that south africa is havin electric cuts too and they will not believe it....
people steal street lights and dig up cabels for the cooper....they will not believe it....

WannaHowzit:


Facts don't lie - SA is rich🇿🇦🏆 That's why you call us lazy coz our government spends our tax money on us & therefore we don't japa 🇿🇦🏆🏆🏆

What do you get in Hungergeria 😕😕😕🇳🇬👎🏾 Has South Sudan or CAR approved your visa yet desperate "hustler"?

madmohamed:
the country you Manton is working properly Nigeria is not working 80 percent of the money will be stolen by our criminal politicians

In South Africa all eyes 👀 will be on any project but in Nigeria they will keep on budgeting billion for one project for 20 years

Loke our refinery our roads east west road Lagos abiokute road onitsha Enugu road many of them did you know how mush past government spends on that project still nothing working something will not happen in South Africa and Egypt

Our politicians are more than arm robbers they need to be ston to death

abdeefggh:


Reno omokri on x

gare:



Reno shut up your mouth, our major problem in Nigeria is corruption, since you have failed to talk about it, let me remind you, because you have been creating so much nuisance of late on social media.

If we can reduce corruption by 40% in the country you will see meaningful development, [b]70% [/b]of our budget is stolen by politicians what do you expect the country to do with 30%.

Please go and look for a job because you are becoming a nuisance.

madmohamed:
the country you Manton is working properly Nigeria is not working 80 percent of the money will be stolen by our criminal politicians

In South Africa all eyes 👀 will be on any project but in Nigeria they will keep on budgeting billion for one project for 20 years

Loke our refinery our roads east west road Lagos abiokute road onitsha Enugu road many of them did you know how mush past government spends on that project still nothing working something will not happen in South Africa and Egypt

Our politicians are more than arm robbers they need to be ston to death

tsdarkside:


stay in your region....!!

olodo....!!

tsdarkside:


if i hear....

south africans dont japa....??

guy,south africans plenty in europe....i met them....
a south african lady was desperate to fvck me their,but i said noo....

you have no idea man....

abdeefggh:
We have a long way to go

Rossikk:


Same thing I experienced with them in London back in the day.

Once South African women learn you are a Nigerian, they want to f.ck your brains out.

I've never seen anything like it.

CrossRhodes:

Mugu
Humans must migrate and your generations can't do nothing about it.
You dunderheads must be loosing it daily with your igbophobia..
If you can't stay on topic, log off and help your mother cook food

NOETHNICITY:
Who told you that they aren’t looting in SA, USA etc?

WannaHowzit:


Facts don't lie - SA is rich🇿🇦🏆 That's why you call us lazy coz our government spends our tax money on us & therefore we don't japa 🇿🇦🏆🏆🏆

What do you get in Hungergeria 😕😕😕🇳🇬👎🏾 Has South Sudan or CAR approved your visa yet desperate "hustler"?

Phantom233:
It's not about how much you budget but what you actually do with the money. Even if we're given 500billion dollars yearly, our extremly corrupt and wicked Apc political rulers and Allies will reloot the monies without any tangible results

madmohamed:
the country you Manton is working properly Nigeria is not working 80 percent of the money will be stolen by our criminal politicians

In South Africa all eyes 👀 will be on any project but in Nigeria they will keep on budgeting billion for one project for 20 years

Loke our refinery our roads east west road Lagos abiokute road onitsha Enugu road many of them did you know how mush past government spends on that project still nothing working something will not happen in South Africa and Egypt

Our politicians are more than arm robbers they need to be ston to death

pocom35:


You are the one that is helping them to steal..I guess that's why you can tell it's 70%

Phantom233:
It's not about how much you budget but what you actually do with the money. Even if we're given 500billion dollars yearly, our extremly corrupt and wicked Apc political rulers and Allies will reloot the monies without any tangible results

Hotice085:


They spend tax money on you that is why you women keep talking about our women, they keep running after my boys both in SA and outside SA, your lazy broke ass men like you can't stop hating and stealing from my boys, they take care of you yet the most Xenophobic country in Africa stealing and killing Africans
You don't JAPA becos you are born cowards who can only stay in your ghettos and make noise against other Africans, outside of SA even in Lesotho you rats dare not open those coward mouths of yours because you know the beatings you wretch will be given Mandela will weep inside his grave

Corn247:
And this Nigeria's budgets is mostly borrowed.

Sorry to say, this is what you get when you have huge unproductive population, population that thinks they are smart and intelligent by importing what we should be forced to produce and export .