Omooba77:


God bless you for this;once you oppose their view;they become aggressive and abusive. Thank God we have the change they are clamouring for;let's watch how it unfold. Nigeria belongs to us all

proudlyhandsome:



You hypocrite!!!!

We Nigerians ll support them all through

We didn't vote for APC under what i called Promises-Must-Be-Fulfilled-Agreement

We voted for APC so as to see some changes most especially Corruption.

Why didn't you hold PDP responsible for not fulfilling their promises?

Obiagelli:


I know the effects it will have on agriculture. How has the Mdgs fared?

Hmmmm...so by giving primary school children, one meal per day, there will be a massive boom in the agricultural sector? Hian!

The MDGs were developed for certain reasons. These goals amongst other things seek to eradicate extreme poverty. Spending money on a meal per day and empowering these homes (the parents), which do you think is an effective way of reducing poverty?

PassingShot:


But how do you criticize a government that has not taken charge?

Why not wait till after May 29 to do their criticism and make it constructive? That's the problem I have with them.

Flets:
OP like many Nigerians are shallow economists. So many holes can be easily picked from the quack calculations

1a. Where is the 13% derivation to the oil producing states? Or you assumed the FG takes the full 60% of crude sales revenue? .....
and even after 13% deduction, only 54% of the residual 47% (excluding 13% for producing states and 40% for the IOCs) of total crude sales revenue goes to the FG.

1b. FG budget is for FG expenditure alone. FG does not budget for states...... so where are the state allocations funded from since they are not captured in the FG budget?.... for your education, 46% of the residual revenue is meant for states and LGs.

2. Where do you think the capital cost of oil and gas projects come from for which the FG pays its 60% share? Or you think the oil flows on its own without spending money?

3. 2.65trillion of the 4.69trillion IGR you quoted on FIRS is already petroleum profit. Go back check the details and confirm you have double dipped same funds on both sources.

4. Your assumption that FG takes all the IGR generated by FIRS is wrong. Discount the amount accruable to the states first in your calculations.

5. What funds the external reserves or all revenues must be spent on recurrent expenditure?

Our revenue economics is not as simple as you lot think. Now that political campaigns are over, its time to educate Nigerians that our revenues are not limitless and some campaign points are not achievable albeit sustainable.

Assuming, Buhari miracously finds some fraction of the funds required for the welfare programs, how do you identify the poorest of the poor Nigerians deserving of the 5K?, What database is available to identify the welfare recipients? We even struggle to identify bonafide Nigerians much more low income earners.

Every effort to defend economic impossibilties reveals the shallowness of the incoming government.

IbokUtoroh:








BObo GEJ did well only that u r too blind n full of hate to see.
the auto policy is the best in nigeria for now.
the increase in tariff of rice import also made farmers go into full scale commercial rice cultivation. by 2017 nigeria will be a net exporter of rice or will u also say its scam too?
infrastructural devt was moving at a steady speed, fedroads were rehabed n new ones built, rail lines rehabed n new ones built. though apc called it sham that we r better than such trains, we r waitng for APC trains.
it was called TRANSFORMATION agenda!
subsidy stuff would ve completely eradicate corruption from oil sector n also privatization of those refineries but nigerians kick against it. we dey watch hw GMB go stop subsidies n make fuel be 40.naira at the same time with below par n ineffective refineries!
dont be too quick to tag an administration weak cos u dont knw what rot is in the system. if buhari's stance on coruption is real bobo plenty nigerians will go down. all the past ggovernors n ministers n presidents even some technocrats turn politicians. dont be suprise mr INTEGRITY to be among. so lets watch n see hw it goes!

Justfollowit:


Did you type this with a straight face?

dearpreye:


Bro, why didn't his handlers wait till then before they started declaring the seemingly improbable?

IbokUtoroh:


did u read it with a technician goggle?

Otigba1:
The calculation of revenue from oil is not as simplistic as that. Recall that the iInternational oil companies hold an average of 40% on the acreages as such you need to discount that from the calculation. In doing so however government revenue will be only Petroleum Profit Tax and Royalty. You first have to remove the cost of production which in some terrain is as high as $20/barrel. The balance 60% is for govt equity in the Joint Venture operations and you repeat the Math. Here you will see some profit oil beyond POT and Royalty. Lets be careful when we crank ip numbers. The marginal field operators will only remit PPT and Royalty to govt.

mandhi:
J
You know Obiagelli I hard wanted to do something like this to prove to barcanista that there are many source of income in Nigeria, but have so busy that I haven't gotten the time to do it. Thank you for proving to batcanista that we have always been reaped off by our leaders. Off to you barcanista, what do u have to say? Take into consideration that it just two department "petroleum and FIRS" we have to touch department like, banking sectors, customs, nollywood, exchange commission, real estate, agricultural sector, power, etc. Pls what do you have to say.

PassingShot:
Obiagelli, kudos to you for the effort.

Barcanista and his goons are enemies of progress and their hope that GMB's regime will fail will not happen.

GMB and his team will deliver us from 16 years of lootocracy and backward leadership of PDP.

The worst that can happen is for GMB/PYO not to achieve 100% of their campaign promises but it is not to fail woefully as the outgoing administration.

Once GMB is able to deliver up to 70% of his campaign promises in the first four years, trust Nigerians to reward him with another term.

The funny retrogressives do not even mind that GEJ did not achieve 30% of his own electoral promises and they're already out with the knives for GMB. They are sore losers!

Justfollowit:


Buhari's social program is not possible #fact#. I supported Buhari however I will not compromise my common sense to prove what is improbable.

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...

kaboninc:


Wow!

Confession time!

francisdfreak:
did anyone notice how comments from PDP supporters reduced this morning? that's because most pdp guys have lives and businesses outside nairaland to take care of unlike apc paid touts who spend the whole day on nairaland working for their pay.

barcanista:
Did anyone notice that Obiagelli had to modify her original post? Please take a look again. She has realised her folly and instead of apologising, she only wrote the real thing at the bottom of the Original post.

Obiagelli you need to read on how things work. Obiagelli your edited post has given credence to my thread that Buhari's policy is Dead on Arrival.

Truckpusher anonimi lalasticlala firefire

Obiagelli:

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

EgusiSoup:


I chased Berem out of this forum and you might be my next target Obiagelli. So the oil produced from the creeks is what you want to use yet you are foolishly following people who say they are born to rule you.

I feel for the Igbo race!

Justfollowit:


You are a joke

O can never defend my sentiments. I will admit how shallow they sound and still stand my ground because they are what I feel strongly about. But to rationalize them or try to make them reasonable to others, I will rather be dead.

GEJ is a failure #fact#
You supported him because he is SS#fact#

There is nothing wrong with the second fact, you are entitled to support whomever you like for no reason but don't ever try to rationalize it. It is an insult on your intelligence.

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 PROFIT 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 these same OIL COMPANIES, and so indirectly still come from the Profit of Crude Oil sales. It is therefore wrong to calculate it as though it is a stand-alone revenue source
--- Amongst others


The truth id that none of you chaps 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

The way you started, I almost thought you have a clue but when i saw the handle, I knew better to lose hope, funny thing is that most of you who want to discredit her dont even know where she got it wrong.
Agreed, she goofed but where??

IbokUtoroh:








did OBJ failed? YES!FACT
DId u guys supported his re-election? YES! FACT





u are so sentimentally biased n also semi-literate not to knw that u cant fight CORRUPTION by buildng more prisons n jst putting people in prison but u fight corruption with viable policies!


!baba one chance am sorry to say this will FAIL! FACT
n me i will campaign for his re-election! FACT
If u dnt like me opinion abeg do the needful *asap*

Justfollowit:


Can you give me ten people that supported Buhari because of his social programs

dearpreye:


My humble comrade, I think you're wrong to believe barcanista and all those who oppose the APC are enemies of Nigeria. That's wrong sir.

It's my utmost belief that NO ONE will be happy to see Nigeria fail; it doesn't make any sense. It's all we have, and it's our SINCERE desires that this nation takes its rightful place in the comity of nations. That's the end of all our politics, both here and offline. We're all patriots, doing our bits to see things improve, so we can move beyond the current spectrum of things.

We're NOT ENEMIES of Nigeria; we are ONLY hawking around to see NO ONE promises us what sound judgment tells us it's not feasible, given the time frame and the economic realities on ground.

We shall be happy to be proved wrong! We talk for development; we talk for progress.

Good morning Bro!

kaboninc:


I never had any intention of commenting on nairaland tonight but your comment above made me puke! Damn! I felt some goose pimples and had to correct you.

The price of a barrel of crude is below 60USD, especially the Nigerian flavour. I thought you were complaining about the 'sudden' increase in naira-dollar exchange rate? Saying this government has failed to manage the economy? Now you're using it to validate your analogy (even when it is flawed). You're funny. I wonder what your definition of management is!

Oby, I beg you, please do not post such nonsense/rubbish and term it as fact again especially here in nairaland. Gosh, you're not talking to kids neither are we in the bear palour.

You're insulting our collective intelligence here. Biko!

For God's sake, the FIRS collects all revenues for the Federal Government and that includes the income generated from sales of crude oil. So where is the additional N4.69 trillion from FIRS coming from? Pluto?

In your analogy, you were so ignorant that you forgot to add the COST, EXPENSES incurred in lifting one barrel, processing it and subsequently selling it.

STOP posting rubbish here and labelling it as a FACT! Then again, isn't it amazing that you will spend about 20% - 25% of your national budget (1.8 trillion of 4.6 trillion) on direct consumption when there are urgent needs that require urgent attention? Still, I wonder what your definition of efficient management is! Maybe that's how your party, the APC intends to prune the cost of governance. So pathetic! I hope you know this year's budget is a budget of deficit? (or you don't know too?) Maybe you guys will print more money to execute your pipe project!

I beg you, STOP so that some lazy kids won't come here to pick these fractured information you post here and use it as a basis to argue.

Lastly, God gave us 2 eyes each and a wonderful reasoning component called the brain. Please let's use it.

Cheers.

Cc: anonimi

Justfollowit:


According to my knowledge, Most SW did not support OBJ's reelection but apparently it was massively rigged.

Have you tried looking at Buhari's proposed policies and plans with an open mind? Please do and tell me using deductive reasoning how he proposed to reduce corruption.

Well. I would rather he tortured them in disclosing where they kept their loot and afterwards shoot them in the head EXTRAJUDICIALLY

jpphilips:



After all the sermon, you made just one valid observation, she doesn't know that FIRS receipt amounts to oil revenue as well, good observation at least you are better than other charge and bail critics.
OP
Take the above correction and review your original post so you dont mis inform the public.

kaboninc:


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!!!!!

kaboninc:


I remember you dear.

I think you're not in Nigeria. I won't give you 10 but the millions of underage kids who voted in Kastina, Kaduna, Kano and Jigawa States.

But then, APC rode to victory and into the heart of gullible Nigerians on the promise of social programs, using Osun State as a case study. Amazingly, the governor of Osun States is not ashamed to lay the blame for his inability to owe salaries of civil servants for more than 5 months on the Federal Government! Hmmmmm

You see the heat this debate has generated?

Well, this is just the social media.

Make them swear am in first.

You claim not to support his program? Yet did you speak up?

You see that guy called Barcanista? He used to be like you guys. Until he spoke his mind against some of your party's policies. He was publicly humiliated.

Justfollowit:


According to my knowledge, Most SW did not support OBJ's reelection but apparently it was massively rigged.

Have you tried looking at Buhari's proposed policies and plans with an open mind? Please do and tell me using deductive reasoning how he proposed to reduce corruption.

Well. I would rather he tortured them in disclosing where they kept their loot and afterwards shoot them in the head EXTRAJUDICIALLY

jpphilips:



After all the sermon, you made just one valid observation, she doesn't know that FIRS receipt amounts to oil revenue as well, good observation at least you are better than other charge and bail critics.
OP
Take the above correction and review your original post so you dont mis inform the public.

jpphilips:


I collapsed waiting for you to write something, I died when i realized you are emptier than the OP, how about that?