scribble:


See eh. Pls try and use common sense day tactics. Your stats are good at face value but your analysis is cosmetic.

Pls call omojuwa, or chude or any other apc agent with half a brain to come and do proper analysis for you.

Nobody has bothered because it's not possible. Even Buhari said he's not a miracle worker. All those "change" "social welfare" "clueless" are campaign buzzwords.

You're probably the type that really believes Jonathan spent #2 trillion on reelection campaign.

Wake-up. Wake-up. Wake-up.

You took time to write crap, yet you can't counter one of my points, smh.

Obiagelli:
Other links,

www.thisdaylive.com/articles/nigeria-produces-2-5mbpd-of-crude-oil/154098/

If my maths failed me anywhere, please correct me, i don dey old o.

Dear Op,

Why are you stressing yourself trying to keep losers busy and relevant.

We are not planning to die tommorow. We will wait and hold them by their campaign promises.

Not continue with the fruitless campaign of calumny that made them lose election,

tsdarkside:

fear God na why are insulting GEJ ? He can not b this daft . Please allow this humble man retire to O'Toole in Peace

Inasmuch as I hate that guy barcanista, I have to admit that his arguments are correct. The 4 trillion is the expenditure profile for the government for the year. The money the Federal government intends to spend, not necessarily the money the government will make.
The price of crude for instance may increase leaving the government with more money than it planned to spend. The incoming government may also decide to pursue other sources of revenue like Lagos state did. This may provide the government with additional income. The 4 trillion is the expenditure plan for the FG alone and not the states or LG. The fact that they plan to spend 4 trillion doesn't mean they will make 4 trillion. Buharis social programme are very realistic if they can fund them through extra budgetary means, or pass a supplementary budget.

Obiagelli:
dailyindependentnig.com/2015/04/shell-pays-3b-taxes-royalties-nigeria-govt-2014/


Royal Dutch Shell has said that it paid $ 3 billion to the
Nigerian government in 2014 as royalties and taxes .
The oil giant said Shell Petroleum Development
Company of Nigeria Limited (SPDC ) contributed $ 1 . 8
billion and Shell Nigeria Exploration and Production
Company (SNEPCo ) paid $ 1. 2 billion .
This was contained in the company ’ s Sustainability
Report for 2014 published recently , putting revenues
from SPDC to the Nigerian government from 2010 to
2014 at $48 billion .
According to the report , Shell put share of revenue
after cost that goes to the Nigerian government from
each barrel of oil that SPDC produces at 95 per cent
while 90 per cent of total number of contracts were
awarded to local companies.


Barcanista shell puts at 95%

slimmy05

it's actually 95% of revenue AFTER COST.

taharqa:


Lolz

Obi, I like you so I would be kind. Plzzz, reread what you just wrote here and modify. I'm fact, rewrite everything.


CLUES when rewriting:
----Nigeria and the Oil companies only share the PROFILE from the Crude Oil sales after the Cost for the exploration, exploitation, storage, transportation, etc have been removed
---- This Share of the Oil Profit goes to the 3 tiers if Govt, and not just the FG
----- Most of the revenue that FIRS raise in a year come from taxes (royalties, production sharing fees, etc) from THIS COMOANIES, and so indirectly still come from the Profit if Crude Oil sales. It is therefore wrong to calculate it as though it is a stand-alone revenue source
--- And others


The truth us that none of you chaos has even the slightest clue how to respond to that painstakingly well researched OP from barcanista. FULL STOP. We expect the main APC guys to tell Nigerians HOW they intend to fulfill the many promises they made during the campaigns. Apparently, they 'forgot' to do so before now

Greatings

That analysis got all the worms in my body to an excited state!

I felt a strong and painful shock.

Is that how 'informed'/'knowledgeable' these folks are?

Damn!!!!!

bogzyboy:


Here are ways how the program can be implemented while cutting cost.

1. The fed will increase the allocation for the ministry of agriculture and build on what jonathan had done in that sector. Giving easy loans and services to farmers to produce more than they usually sell. most of which will be bought from them and redisrtibuted to school feeding. This way, Farmers will produce more than they usually sell and goverment gets the surplus. Payments for the surplus can be arranged either directly or in installments. Payments can also be made by providing free services for farmers that way, they can have enough materials for large scale farming at no cost as long as they produce mroe than their usual output and the goverment gets their surplus.

2. The government can start its own federal argic zones (2-3 in every geo political zone) to produce on a large scale here by creating more jobs (more taxes) and only pay the logistics and service delivery expenditure and put the cost of running federal agric zones on the buget of the ministry of agriculture.

3. The goverment can work with the ministry of education to vet and inspect schools that will meet the criteria for free school feeding in all zones. This means state goverment have to develop each school to a certain standard and they must have certain criterion they need to meet before getting a federal feeding pass. This way, they cost will increase by the year and there will be pressure on state goverments to develop and mordernize their schools. That way, they Fed can hold the states responsible for not doing enough work to get certain school into the program. Schools that meet the requirements will join every session and the budget will not be increased all at once.

4. 25 million unemployed people wont just start getting paid as well. requirements have to be meet and prove that they are looking for work or enroled in a federal traning program has to be meet.

5. The 5,000 should be paid from a bank established for the purpose. Lets call it. Federal assist credit bank. (FACB) and it should have specific stores that are allowed to accept them. that way, the fed can control what you can buy with what you get. That way, surplus foods from Federal agric zones that i mentioned earlier can set up shop and sell more food recieving payments from FACB. And utility bills like electricity and few other can be paid with FACB cards too among other things that are mainly government produced or controlled. that way, The government will only be subsiding its own services for poor people and wont have to add huge money to the budget. Cash back of only 1000 a month should be allowed on the card. that way 4,000 per person as to be used for food and utilities. reducing the cost of the program by 75%

I thought of this 5 points one one bottle of beer and few ciggarettes. Think about what a war room full of sober policy makers will do

Wow!!! Interesting, this is a really good analysis... I hope the big guys are taking a glimsp at this lovely analytic prescribtion...

IbokUtoroh:








did u study economics or are u tryng to invent anoda form of obiagoNOMICS to this forum?
sista 52percent of 5.1billion is less than the current budget, whr will u get funds to balance the shortfall?

Did you add FIRS income to your calculation?

garrix8:


Who is this nematode??

The oil belongs to Nigeria.

I yam Egusi Soup not your fellow nematodes.

You must be in Jupiter to think there is one Nigeria!

Obiagelli:

Since when did FIRS start collecting crude oil revenue?

Btw using words like breaking it down to my level does not make you any smart. Go and read the FIRS link.

www.channelstv.com/2015/03/26/osinbajo-clears-air-on-n5000-stipend-to-25-million-poor-people/ i think you need to see this and and to your primary post

Obiagelli:
Officially, Nigeria exports 2 million barrels of crude oil
daily. At the current price of 60 US dollars per barrel, that
translates into 120 million US dollars.

120 million x 365day = 43,800,000,000

43 billion dollars @ 60% ( rumoured sharing formula between Nigeria and oil companies)

That means Nigeria makes 25.8 billion dollars annually.

$25.8 billion x 200 naira = 5.1 trillion naira.


Nigeria's 2014 budget was N4.6 trillion meaning we still have about 0.5 trillion naira change.
www.channelstv.com/2014/04/09/nigerian-senate-passes-4-6-trillion-naira-2014-budget/


FEDERAL INLAND REVENUE

Nigeria generated N4.69tn Revenue in 2014

www.thisdaylive.com/articles/firs-generates-n4-69tn-revenue-in-2014/200484/

Adding N4.69 trillion (firs) + 5.1 trillion (crude oil) = 9.79 trillion.

If our budget was N4.6 trillion then we have a balance of 5.1 trillion naira that nobody accounts for.

Barcanista asked where we will find 1.8 trillion to take care of our most vulnerable citizens, this balance of 5.1 trillion will be taken away from the pockets of criminals and militants.

Seun
Lalasticlala
Ishilove
MizMyColi
MzJackBaueress.

EDIT.


I forgot the FG gets 52% of total income, even at that we have a balance of 0.6 trillion naira which is sufficient for the first stage of the social programs.
The APC government has said one of its major income earners is the mining industry.

This plans with financial discipline is very much achievable.

Please note that my analysis is based our major source of income ( oil and taxes), i have not touched other income earnings.

OMG!!! Op really fall my hand.. For replying barcanista thread...

Barcanista and firefire are loser since time of Adam...

Please jus ignore dem...

Am sure buhari and co.. Dey see barcanista thread... So dont b surprise if the e diot end up in jail like em god father.. Bode george..

MizMyColi:


Thanks for the mention Nne.
But how feasible is this?

This is still Nigeria.

Those huge sums I see up there have been there since time immemorial...
What tangible changes have we seen?

Even if Buhari and Osibanjo really wants this to fruition, are we going to turn a blind eye to the fact that there are Oligarchs up and around this country who get a kick from the sufferings of the common man?

Would they really just sit there and watch these funds being put to good use?

Not to mention the allocation to states and other capital projects we ought to face squarely.

This meal and money thing should be scrapped, imo.
I won't be surprised if it doesn't get to the rightful beneficiaries.

Sis, I am skeptical and rightly so.
I read GMB's interview.
It felt like he didn't want some oxes gored.

Could it be that they are the people who will eventually steer the ship of this nation?

Results will be produced. Yes. But at what price?

A lot of HOT air and pandering

Most of the issues you have raised are sociological submissions that can be addressed by well formulated and implemented economic policies.

Thankfully, the new President Elect is not part of this Oligarchy that you fear and has no personal interest in benefiting from their activities.

As a Nigerian, you have every right to make analytic inferences but they have to be based on factual evidence.

Right now, GEJ is your president. I will implore you to be patient till General Buhari assumes power and announces the exact methods he will utilize in effecting his party's manifesto.

Misogynist2014:
What then do you suggest we do?

We expose their lies and keep them on their toes.

ochejoseph:
‎
Honestly Buhari and the APC made many unrealistic promises in the lead up to the election!

Nigerians will hold him and the APC to their words as regards issues like 

1. 5000 naira social security project for the unemployed Young Nigerians

2. 24 hours power supply or 12000MW in 8 months 

3. Naira dollar parity or substantial appreciation 

4. Feeding project for pupils etc 

Oby my dear your analysis did not capture other critical components, statutory deductions and the revenue sharing formula (FG /States /LGA )
Revenue accruals is not like debit and credit. 


Whether or Not Buhari and the APC has the capacity to deliver on these promises ONLY TIME WILL TELL! 

For the sake of Nigeria I pray he succeeds 

May God Continue to Bless this great Nation! 

It is 4000mw per year

As for the rest, only a fool would believe them

MizMyColi:


Thanks for the mention Nne.
But how feasible is this?

This is still Nigeria.

Those huge sums I see up there have been there since time immemorial...
What tangible changes have we seen?

Even if Buhari and Osibanjo really wants this to fruition, are we going to turn a blind eye to the fact that there are Oligarchs up and around this country who get a kick from the sufferings of the common man?

Would they really just sit there and watch these funds being put to good use?

Not to mention the allocation to states and other capital projects we ought to face squarely.

This meal and money thing should be scrapped, imo.
I won't be surprised if it doesn't get to the rightful beneficiaries.

Sis, I am skeptical and rightly so.
I read GMB's interview.
It felt like he didn't want some oxes gored.

Could it be that they are the people who will eventually steer the ship of this nation?

Results will be produced. Yes. But at what price?

We all are skeptical sis, but we have to see how they perform at least in their first year before writing them off.

Obiagelli:
Officially, Nigeria exports 2 million barrels of crude oil
daily. At the current price of 60 US dollars per barrel, that
translates into 120 million US dollars.

120 million x 365day = 43,800,000,000

43 billion dollars @ 60% ( rumoured sharing formula between Nigeria and oil companies)

That means Nigeria makes 25.8 billion dollars annually.

$25.8 billion x 200 naira = 5.1 trillion naira.


Nigeria's 2014 budget was N4.6 trillion meaning we still have about 0.5 trillion naira change.
www.channelstv.com/2014/04/09/nigerian-senate-passes-4-6-trillion-naira-2014-budget/


FEDERAL INLAND REVENUE

Nigeria generated N4.69tn Revenue in 2014

www.thisdaylive.com/articles/firs-generates-n4-69tn-revenue-in-2014/200484/

Adding N4.69 trillion (firs) + 5.1 trillion (crude oil) = 9.79 trillion.

If our budget was N4.6 trillion then we have a balance of 5.1 trillion naira that nobody accounts for.

Barcanista asked where we will find 1.8 trillion to take care of our most vulnerable citizens, this balance of 5.1 trillion will be taken away from the pockets of criminals and militants.

Seun
Lalasticlala
Ishilove
MizMyColi
MzJackBaueress.

EDIT.


I forgot the FG gets 52% of total income, even at that we have a balance of 0.6 trillion naira which is sufficient for the first stage of the social programs.
The APC government has said one of its major income earners is the mining industry.

This plans with financial discipline is very much achievable.

Please note that my analysis is based our major source of income ( oil and taxes), i have not touched other income earnings.

I only want to talk about the issue of FIRS (my understanding) because I think that NNPC is a mafia like organization that need a thorough reorganization.

1. NNPC, from the amount the raise from the sell of crude, also pay tax to FIRS.

2. Revenues of FIRS also includes VAT. currently, VAT is shared in the ratio of 15% federal, 50% states and 35% local government. The entire 4.69 trillion are not remitted into the federation account

3. FIRS retain certain % of their revenue just like CBN, customs etc (how legal this is, I don't know but it is a fact)

The amount, 9.76 trillion cannot be true. This is in addition to external reserve saving, Excess crude account and SWF.

In every economy there is always fixed currency. And if you are projecting budget u should know that your yearly budget must not exist your fixed currency in order not to cause inflation.


Beside i thought they said Nigeria is a monocultura economy that depends largely on crude oil, the fact thesame crude oil has crash on international market now tell me how Buhari will be able to archive these? That means others sector would be left behind onturch. I said it Nigeria as now dont need change but pure transformation that will restructure the country economy and her political status.

ShowYourCertificate:
We expose their lies and keep them on their toes.

How is your Jonathan in anyway different? He promised us uninterrupted power and security, yet he failed.

chymystique:
Believe this crap @ your own peril ...
@ Op, You think revenues are generated in this COuntry by sitting in your house and doing mathematical calCulations disregarding many important Factors.... your analysis are unappliCable in real sense. At this state Nigeria is in right now and the debts accrued all these years, that social welfare package aint feasible for now thats if it will ever be implemented...

I. Can a plain PESSIMISTIC mentality here! Debunk d ops points\facts or forever remain silent!

Billyonaire:
Obiagelli, so you will not share the funds to State Governments and Nothing for Local Governments ? Are you this uneducated to know about these issues. Chai, Buhari has infected you people with dogged daftiness. You wont even leave anything for Excess Crude Account, Nothing for External Reserves. ....Go school, you no gree. You will not even service any loans. Na wa o.

Read my post again. How much has gej saved under record oil prices? I based my calculations at 60 dollars pb while gej enjoyed 120 dollars.

Hmm, see as them de calculate money here,
no risk involved.
just go there and get oil.
Laughing

MuguliciousMUGU:
Nonsense

go school, you won't go... You can see how buhari certificateless brain is affecting yours.

Just as they say, show me your friend and i will tell you who you are.

I rest my case.

We are watching the miracles...

It MIGHT be nonsense but he has backed up his argument with figures and sources. Which of them are incorrect please? Do let everyone know and show your own calculations and sources.

Obiagelli:


First of all i generously gave the oil companies 40% of crude oil sales in my calculations, so i don't understand your point.

Btw how does $77 billion = 1.5 trillion?

u really get time responding to those sore losers esp barcanista, truckpusher and showyourcertificate trio...

the only reason Nigeria still seek loans is looting and corruption... we have more than enough to handle all GMB promised and ure right trying to analyze it for Nigerians but those pained losers will still tell u it ain't feasible just because their paymaster cldnt even do 20% of it due to mismanagement , looting and corruption...


THUMBS UP OBIAGELLI and thumbs up to ur sister berem

I see say boko no dey again, abi!!!
i dey laugh in spanish

Obiagelli:
Officially, Nigeria exports 2 million barrels of crude oil
daily. At the current price of 60 US dollars per barrel, that
translates into 120 million US dollars.

120 million x 365day = 43,800,000,000

43 billion dollars @ 60% ( rumoured sharing formula between Nigeria and oil companies)

That means Nigeria makes 25.8 billion dollars annually.

$25.8 billion x 200 naira = 5.1 trillion naira.


Nigeria's 2014 budget was N4.6 trillion meaning we still have about 0.5 trillion naira change.
www.channelstv.com/2014/04/09/nigerian-senate-passes-4-6-trillion-naira-2014-budget/


FEDERAL INLAND REVENUE

Nigeria generated N4.69tn Revenue in 2014

www.thisdaylive.com/articles/firs-generates-n4-69tn-revenue-in-2014/200484/

Adding N4.69 trillion (firs) + 5.1 trillion (crude oil) = 9.79 trillion.

If our budget was N4.6 trillion then we have a balance of 5.1 trillion naira that nobody accounts for.

Barcanista asked where we will find 1.8 trillion to take care of our most vulnerable citizens, this balance of 5.1 trillion will be taken away from the pockets of criminals and militants.

Seun
Lalasticlala
Ishilove
MizMyColi
MzJackBaueress.

EDIT.


I forgot the FG gets 52% of total income, even at that we have a balance of 0.6 trillion naira which is sufficient for the first stage of the social programs.
The APC government has said one of its major income earners is the mining industry.

This plans with financial discipline is very much achievable.

Please note that my analysis is based our major source of income ( oil and taxes), i have not touched other income earnings.

To Support u my Sister in progress.... let them read this from our VP Elect
The running mate to retired General
Muhammadu Buhari in the 2015 presidential
elections, Prof. Yemi Osinbajo on Thursday
explained the ‘Conditional Cash Transfer
Programme’ included in the manifesto of the
All Progressives Congress (APC).
Prof. Osinbajo speaking on Sunrise Daily said
“this programme is to lift 25 million of the
extremely poor Nigerians; Nigerians who earn
less than N200 a day to take care of
themselves and their families”.
Prof Osinbajo, who noted that “we have 119
extremely poor Nigerians”, added that the fast
way of dealing with that is the Conditional
Cash Transfer Programme.
“We will give N5, 000 to the poorest 25 million
over a phased period, if their children are
enrolled in school and participate in
immunization.
“So we are actually doing two things; we are
giving stipends to the very poorest and
ensuring that in order to earn that stipend
they certify two conditions”, he said.
He further noted that the party decided on the
25 million figure because that is what they
can deal with in the first phase, adding that
“we are looking at phasing it over a period
because it will cost about N1.35 trillion to do
so if we do all 25 million at once.
He maintained that, if elected, the programme
will be done in batches of 5 million people a
year, adding that “depending on resources we
can even do more”.
He said the N1.35 trillion they are proposing
for the Conditional Cash Transfer Programme’
is not so much compared to the AMCON
bailout of “persons who are in debt, many
businesses and businessmen and it cost N5.7
trillion to do and that is a bailout of the
relatively wealthy”.
He argued that the Conditional Cash Transfer
Programme will be an injection into the
economy by the beneficiaries, adding that it
enables “them to put some money into that
economy.
“This is the government’s way of not just
energizing the local economy but also
ensuring that people are empowered. That the
very poorest are given a real chance in life”, he
maintained.
Prof Osinbajo also spoke on how his party
intends to tackle the issues of unemployment,
security and corruption.

http://www.channelstv.com/2015/03/26/osinbajo-clears-air-on-n5000-stipend-to-25-million-poor-people/

money121:


OMG!!! Opu really fall my hand.. For replying barcanista thread...

Barcanista and firefire are loser since time of Adam...

Please jus ignore dem...

Am sure buhari and co.. Dey see barcanista thread... So dont b surprise if the e diot end up in jail like em god father.. Bode george..

I didn't want to reply the thread till i saw it on the front page.

Ok.. Please this analysis looks good, but not believable. The social program working means many other things will suffer.

AsherStorm:


u really get time responding to those sore losers esp barcanista, truckpusher and showyourcertificate trio...

the only reason Nigeria still seek loans is looting and corruption... we have more than enough to handle all GMB promised and ure right trying to analyze it for Nigerians but those pained losers will still tell u it ain't feasible just because their paymaster cldnt even do 20% of it due to mismanagement , looting and corruption...


THUMBS UP OBIAGELLI and thumbs up to ur sister berem

Boy , if you ever believed those values then you're a mor0n.

Wat a shame! I can see lots of pple praying for GMB to fail! For anybdy praying for GMB to fail, there shall be failure in his or her family! IjN

[size=18pt]We now see emergency Economist on Nairaland, all to defend APC unsustainable social policy.[/size]

U na well done ooooooooooooooo