malcomvee:
Yes.. Let 180 million people suffer or remove him and not suffer... Are you ready to keep suffering for Buhari?

Housing:
Over 20 billion dollars unremitted to federation account. Nigeria economy will crumble if nothing is done.
~ HRH Emir Sanusi.
*Bingos: He is an alarmist.

Whoever wins 2015 will never find it easy. Over 30 trillion is mismanaged, unaccounted for or missing under Jonathan.
~ Prof Charles Soludo.
*Bingo's: He is desperate .

Our reserve is depleted & our savings squandered. Our nation is in trouble.
~ Dr Oby Ezekwesili.
*Bingo's: She's an alarmist looking for appointment.

For 7 months, NNPC did not remit any money into federation account. When I called as a sitting governor & major oil producing state, Deziani Alison Madueke refused to take my call.
~ Senator Godswill Akpabio.
*Bingo's: He is trying to please Buhari.

I wanted to save but Jonathan have no political will. That is why we are in crisis because we squandered our boom.
~Okonjo Iweala.
*Bingo's: She doesn't want to be arrested

Dear Noisy Bingo's,

Whatever is the state of economy today was prophesied by our own Nigerians long time ago. The only problem is that your memory capacity is less than 1 milibyte.

Prof. Soludo wrote to Nigerians what they will suffer irrespective of the party that will win.

Why then are you celebrating IMF recession?

You ignored Emir Sanusi warning
You ignored Oby Ezekwesili warning
You ignored Prof Soludo warning
You ignored Akpabio confession
You ignored Okonjo Iweala testimony.

You are now celebrating IMF diarrhea. Selfishly, we cause our present predicament!

Ibime:


You are quite infantile. 60 MDAs received funding for ongoing projects in June including for example for completion of Lagos-Ibadan expressway. If you are genuinely interested in finding out, go and visit BudgIt.com as they are technical consultants to the fund release.


http://venturesafrica.com/fgn-releases-n280b-for-completion-of-ongoing-capital-projects/

NaijaMutant:
The difference between a Technocrat Okonjo
and a rookie adeosun is clear like 7up

If education is too expensive like (JONATHAN) try ignorance like (BUHARI)

Ibime:


You are quite infantile. 60 MDAs received funding for ongoing projects in June including for example for completion of Lagos-Ibadan expressway. If you are genuinely interested in finding out, go and visit BudgIt.com as they are technical consultants to the fund release.


http://venturesafrica.com/fgn-releases-n280b-for-completion-of-ongoing-capital-projects/

NavierStokes:


You can continue with the name calling while living in fantasy.
was the promise a few months back not about releasing 350billion per quarter to stimulate the economy, probably to get construction workers back to site * we argued that the amount was too little and like an and in a sink hole, zombies like you argued how it was a magical move and the money will be used to settle debts owed by contractors* today there is no known improvement in employment statistics(significant remobilization of contractor staff), nothing noteworthy taking place save for movement of some construction materials for the press, and the same zombie wants to turnaround and convince me that 330billion has been pumped into the system.
A govt ruled this country not long ago and I could see ferma at work everywhere, despite that govt's capex being a fraction of this, today another govt claims to have expended 330billion and the only evidence seems to be disbursements done on the newspaper. I havent even seen any pictures of work in progress anywhere.

Check thyself oh zombie, check thyself.

NavierStokes:


You can continue with the name calling while living in fantasy.
was the promise a few months back not about releasing 350billion per quarter to stimulate the economy, probably to get construction workers back to site * we argued that the amount was too little and like an and in a sink hole, zombies like you argued how it was a magical move and the money will be used to settle debts owed by contractors* today there is no known improvement in employment statistics(significant remobilization of contractor staff), nothing noteworthy taking place save for movement of some construction materials for the press, and the same zombie wants to turnaround and convince me that 330billion has been pumped into the system.
A govt ruled this country not long ago and I could see ferma at work everywhere, despite that govt's capex being a fraction of this, today another govt claims to have expended 330billion and the only evidence seems to be disbursements done on the newspaper. I havent even seen any pictures of work in progress anywhere.

Check thyself oh zombie, check thyself.

saint047:
I want to know where we are going. The APC government in Nigeria keeps reminding me of where we are coming from.
I want progress, not blame

Deen77:


Yes progress not blame. The only solution to our problems is diversify but with what.

Let me give you simple explanation, 90% of our income from crude is needed for Petroleum import. Until we stop importing petroleum products an essential commodities to run our economy. We have to produce our fuel consumption locally to stop wasting our forex on importation.

Even the generators in your street are using imported fuel.

For 16 years with Oil boom we have the opportunity to stop this nonsense and save our economy by building a refinery but PDP believe in importing and paying subsidies in trillion naira every year to politicians.

Ibime:


My friend, quit ranting. Are you discussing with me or ranting to yourself about things only you know about? Who argued with you in the past? You think you are discussing with zombie or wailer or your fellow e-warrior?

I can see hunger hasn't finished with you. Brace yourself, more hunger is coming your way. By the time it is finished with you, you will change your name to Bernoulli or Black-Scholes.

Deen77:

For 16 years with Oil boom we have the opportunity to stop this nonsense and save our economy by building a refinery but PDP believe in importing and paying subsidies in trillion naira every year to politicians.

NavierStokes:

Ps: how much was the capex in previous budgets that we were seeing evidence all around us that someone would want to convince me 330billion NGN has been spent with all the indices looking down south.

Ibime:


N330 billion has not been spent. It's been given to the ministries to spend just a month ago.

Which indices do you expect a $1billion capital fund to push north? Are you proposing the smallest Keynesian stimulus in history?

2014 Capital Budget was $6.7bln at $77 oil price benchmark. Oil Price ended up hitting $89 average for the year. I assume 50% of the uplift (FG share) was also spent on CAPEX as nothing was saved.

NavierStokes:

Which indices do you expect a $1billion capital fund to push north? Are you proposing the smallest Keynesian stimulus in history?
When the government planned on stimulating the economy by spending on capital projects what were they thinking? That the effect should not be felt in the economy? No change in indices (employment figures etc), how much do you propose would be claimed to have been spent before results become visible.
The promise was to stimulate the economy by injecting 350billion per quarter and there is a claim of 330billion already gone in 1 month yet you want us to assume it's so small that it's gone through a sink hole.
Since you said you were not one of those supporters who told us the move was the best thing after shortbread I'll forgive your missing the points I am trying to put to them.

NaijaMutant:
The difference between a Technocrat Okonjo
and a rookie adeosun is clear like 7up

If education is too expensive like (JONATHAN) try ignorance like (BUHARI)

temptnow:
By the time we deal with buhari, that him ear go block completely

Ibime:


That is less than $1bln dollars my friend. What do you expect $1bln to do in the size of a country like Naija. That is what local governments would spend in some countries.

Ibime:



What Adeosun didn't tell you is that 2016 CAPEX budget is the smallest in 10 years on PPP comparative because the Chinese and Julius Berger do not accept payment in Naira.

In dollar terms, OBJ had a bigger CAPEX budget in 2007 - $5.1bln vs $4.9bln at current FX rates.

Not to mention the budget is completely unimplementable due to dwindling oil revenues.

We have just seen $1bln released after a full year. As standard, Nigeria prosecutes CAPEX projects with $6bln yearly. You dont need a guru to tell you there is a big black hole in our finances, which is why those who follow numbers and not politics insist steadfastly on ECA account being respected as it should have been. It is not a minor matter to brush aside for political expediency.

As for economic indices, I don't see how an extra $1bln of Govt spending will materially effect a $300bln dollar economy. The major economic force at play that affects the common man now is lack of Forex earnings through oil sales to help stabilise the Naira. Oil price and Avengers are our major economic concern.

ITbomb:
The power of 5%

But

"Giving an insight into the current expenditure situation for the year, he disclosed that N2.123 trillion had been spent by the federal government"

Does the economy reflect such amount of expenditures? How many new roads have they constructed?

Tomorrow,
Amaechi will commission another of Jonathan's train.
The rocket scientist aka Minister of Darkness is nowhere to be found.
Agriculture minister is asking farmers to pay for protection,
Ngige insist that masquarade is the best occupation for the Nigerian youth.
Kemi doesnt even know whether to announce a new policy tomorrow or to continue testing the present one.
Lai Mohammed is somewhere putting finishing touches for a presentable lie to dish out as a cover up.

Meanwhile, if you read Brigadier J.N. Dogonyaro 1985 coup message on why Buhari was overthrown, it is just as if he is speaking today
https://www.nairaland.com/3248762/speech-made-brigadia-j.n.dogonyaro-after

NaijaMutant:
The difference between a Technocrat Okonjo
and a rookie adeosun is clear like 7up

If education is too expensive like (JONATHAN) try ignorance like (BUHARI)

Ibime:


That is less than $1bln dollars my friend. What do you expect $1bln to do in the size of a country like Naija. That is what local governments would spend in some countries.