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Quit Pretending, Lets Divide Nigeria, We Aint One: Period! - Politics (4) - Nairaland

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Lets Divide Nigeria Into Two / PDP Using Religion To Divide Nigeria – Buhari / Yoruba Group Accuses Buhari Of Pretending To Be A Progressive (2) (3) (4)

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Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by Charlesmud(m): 6:45am On Dec 19, 2008
This corruption and unfair ruling is so terrible and the government is not even making anything to make the economy and its citizens better, Its this people Niger deltas that even suffer the most being the fact they even exploit the oil from their region.

Nigerians are not saying or doing anything for them which is so bad, then let them split out and take their oil so atleast all this politicians wey dey go for government post just cus of oil money, their eyes go come down and find something else to do instead of stealing the money and not doing anything at all.

Its bad and I am a yoruba but I support, make we just depart once and for all since Nigerians are not making any movement to kill this bastards government people wey we get.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by DRANOEL(m): 12:12pm On Dec 19, 2008
ven more reasons why nigeria should break,this guys just turned it to an igbo - itshekiri war
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by BecomeRich: 3:14pm On Dec 19, 2008
eba mi so fu, tinubu and fashola and adenuga, bode george , obasanjo ,falae pe ki won ma beru. ki won jo, ki won break ilu wa.

iya ko le je yorubas, okun wa ni epo, ati re loje ki abe yin. ema ma je ki iya je awon omo wa. eje ako ro ni naija.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by monkeyleg: 4:24pm On Dec 19, 2008
You know the poster has a very good point. Lets all step back and do away with sentiment and put on our thinking cap. We have 2 choices in my opinion

1: We sit down and agree that we can not fuction properly as a country and go our separate ways. This is after a national referandum.

2: We all agree that the way the country is currently being run is not right, and we all go out there and vote for people that will make a difference, and defend democracy (Green revolution).

The latter in my opinion is more constructive and would be far easier to work through. The former should be left as last resort.


Nigerians are feeling this way because things are not working. The system is dead. If all was well, I doubt anyone would take notice where thier neighbour comes from or if the Northerners have more say than the southerners. The change we all seek is in our hands, and it is only when Nigerians decide that they want that change so badly would it come. For now we can all sit there and moans as we are very good at doing.


Happy Christmas everyone
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by Charlesmud(m): 11:29pm On Jan 02, 2009
We must divide Nigeria, and I heard the Yorubas are already making plans, well the sooner the better b4 2011.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by OneNaija(m): 9:36am On May 02, 2009
We need Niger delta Island republic. Which will Include Delta state,Beyelsa,Port Harcourt,calabar & cross river. Just five abeg.We don't need more again. We can dash Asaba to Anambra for free. We need Niger Delta Island rep.


Let stand for our right because Nigerians are afraid to stand for their right it is better we divided.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by porka: 11:26am On May 02, 2009
i guess we'll split ekiti into about 12-16 countries; ayo fayose will be president of one, segun oni another, ayo arise of yet another, kayode fayemi of another and so on. anambra to fifteen, ojukwu will be president of nnewi country, andy uba another president somewhere, chris ngige will be the commander in chief of another country obi will be calling shot in another and so on and so on.

dividing the country will only turn the so-called yoruba country into another somalia with ethnic warlords fiercely trying to compete for space. if you doubt it get yourself a book, the history of yoruba people by samuel johnson.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by mystikal(m): 1:33pm On May 02, 2009
n I wonder y in Europe, US and other places, we so readily chant "naija" and refer 2 ourselves as one anytime we meet our own!
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by Prettiep(f): 10:38pm On May 28, 2009
simply put two or three wives of a man always in disagreement under the same roof wuld one day KILL that man!
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by bombay: 10:52pm On May 28, 2009
Spinless people you are in America shouting split Nigeria why not come to Nigeria and say.
One Nigeria
One People
One Nation
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by Prettiep(f): 11:06pm On May 28, 2009
but bombay ask yourself one question ar we leavin as one in nigeria? how can some1 say kill 20million people so the rest can leave? d speaker a northerner -, ,how can u have 6children then when there is an issue you then kill 2 so the other 4will survive.,, i mean d other 4survivors if they ar wise would run from home forever!, i really don.t see any 1nigeria here
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by bombay: 11:31pm On May 28, 2009
True but you see the person that made that statement has come out to appologies for making such a remark which is the right thing to do.
We are still a young country with time things will change as you can see things are already getting better.
Look at the case of lagos state if all other states in Nigeria emulate lagos state do you think people will talk about the federal government No.
There will be a time when we all will appreciate this things happenning in nigeria now because it will make us a better nation in future.
Let me tell you something in a family there is always the favourite child but he his the one that messes up the most.
Calm down we have to appreciate that we are Nigerians with a very bright future ahead of us.
This countries we are looking upto did not start to develope socially until after the 2nd world war.
Nigeria is on the right track soon the old guards will pass away and we will have more people like fashola even better than him running the affairs of Nigeria.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by OneNaija(m): 12:22am On May 29, 2009
Yet they will rig Election again.Please Divide Nigeria I am seek and tired staying with those slowpoke call Northern.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by Prettiep(f): 1:27am On May 29, 2009
bombay I'm happy u've thought this matter thru but i'll like u 2 find Tym n go 2 this creeks n c ur fellow brothers n sisters in d niger delta suffer. i'm sure when u return u'll be weepin they don't have even bathing water i mean anyone Culd manage bath water no matter how bad it is they no longer have that,, all d fishes in d river gone, most of the earning land polluted with crude oil, i Culd go on and on, pl s a solution is all we are crying 4,
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by Nobody: 1:49am On May 29, 2009
@Topic.
LOL.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by emiwanlee(m): 2:16am On Oct 21, 2009
You are a Prophet but u do not know.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by merge(f): 10:40am On Oct 21, 2009
This post is TOO funny lol
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by ikeyman00(m): 10:50am On Oct 21, 2009
@@@@@@@@@

divide ur balls!!!

divide ur family

divide ur ikebe
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by ihate9ja2: 6:10pm On Nov 26, 2009
i hate nigeria government, i hate nigeria as a country, i just don't know why the country can't be divided into 30 , atleast ghana and togo is a very small country and they are doing better than nigeria
what is this issue of united nigeria, nigeria is not united and will never be united, we should stop deceiving ourselves that it will get better one day.

I HATE 9JA!!!! sad
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by bilymuse: 8:14pm On Nov 26, 2009
Nigeria is all we have, you cant hate what you have.
monkey no fine, but him mama like am
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by Nchara: 8:47pm On Nov 26, 2009
Tharma,

Igbo and North which is nearer to the coast?
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by Dede1(m): 3:08pm On Nov 29, 2009
BecomeRich:

Is Yar Adua not doing the same thing that The premier of the north was doing at that time. Yar adua is not different from the premier of the north from his action and altitude.

You see character is a true tell of a man heart. Look at the 2009 budget . This budget tell you that Yar adua is a tribalist. If you look and calculate the 2009 budget Yar Adua allocated 70% of the money to the north. Do you see any thing in it that talks about any single project in Yorubaland.


https://www.youtube.com/watch?v=8jvmwd5ZRRM


Full text of President Umaru Musa Yar’Adua’s Budget address to the National Assembly
12.03.2008


PROTOCOL


It is a pleasure and an honour for me to present the 2009 Budget to the National Assembly today, as we move to reposition our economy to meet the challenges and take advantage of the opportunities that we are faced with at home and internationally.

The changing international oil market poses grave concerns for our fiscal outlook. The global financial crisis has led to slowing growth across the world’s economies, resulting in a lower demand for commodities, especially oil. While speculative investment activities had helped to buoy oil prices in recent months, the reality of the global recession is beginning to be fully appreciated across the globe, and more poignantly in Nigeria by its adverse impact on the international price of oil.

The recent volatility of the oil price is apparent in the unprecedented decline of prices from record highs of about US$147/barrel in July this year to current prices of about US$50/barrel, and there is no guarantee that prices will not further decline despite OPEC’s recent mitigating efforts. We therefore must adopt a prudent outlook that does not invest misplaced confidence in the expectation of unrealistically high prices.

Notwithstanding the global downturn, Nigeria ’s economic growth remains on track, buoyed by the strong performance of the non-oil sector. Growth in the non-oil sector, particularly in agriculture, remains robust, at an estimated 9%. However, the oil sector’s GDP contracted in 2008 by about 2.5% due to reduced production levels precipitated by the ongoing situation in the Niger Delta. Overall, real GDP growth for 2009 is estimated to be about 7.5% which compares favourably with the 6.6% recorded so far in 2008.

This outturn lays the foundation for sustainable double-digit growth over the medium-term horizon, as we increase investments in critical infrastructure, implement sectoral reforms, maintain macroeconomic stability and ensure lasting peace, security and development, not only in the Niger Delta, but across the nation, as a whole.

Year-on-year headline inflation has exceeded our single-digit projections and remains high at 14.7% in October 2008. This outcome is symptomatic of the rising global costs of food and energy which affect all economies world-wide. By October, food inflation had increased to 19.2%. However, core inflation for all items other than farm produce and energy commodities, remained in a single-digit at 7.9%. Our efforts to manage inflation will continue to build on the increasing coordination between monetary and fiscal policy, and our emphasis on fiscal discipline and prudence in macroeconomic management.

Our economy, as with open economies across the world, is not immune to the challenges in the global financial markets arising from the acute contraction of credit and liquidity in the international financial markets.

However, we have moved to protect the integrity of our nation’s financial markets and system by introducing several measures to strengthen our financial sector and restore investor confidence.

Overall, our economic fundamentals are fairly strong, buttressed by the growth of the non-oil sector in the face of these challenges. This confidence has been duly reflected in our Local Currency Issuer Default Ratings (IDRs) which were upgraded by international rating agencies from BB- to BB in May this year. Our long-term foreign and local currency IDRs remain stable, endorsing our macroeconomic stability and strong external reserves position. Indeed, in November this year, an international investment bank, Merrill Lynch, rated Nigeria among the least vulnerable economies in the world based on a number of economic indicators. Our ranking, ahead of all other leading developed and emerging economies across the globe, is indicative of the stability and safety that our ongoing economic reforms have guaranteed.

It is against this cautiously optimistic economic backdrop that the 2009 Budget Proposal, which I hereby present, was prepared.

The 2009-2011 Medium-Term Sector Strategies and the 2009 Budget

The 2009 Budget preparation has been based on the outcomes of the 2009-2011 Medium-Term Sector Strategies which held in July 2008 with the active involvement of the Organised Private Sector and Civil Society, and in consultation with the relevant Committees of the National Assembly. Consultation with the National Assembly was continued in a series of interactive meetings between the Presidential Committee on the Budget and many of the Committees of both the Senate and the House of Representatives. The commitment and input of the Distinguished and Honourable Members of the National Assembly in this work is deeply appreciated and underscores the spirit of cooperation and consultation with which the Budget has been prepared.

The 2009 Budget preparation also drew upon the Medium-Term Fiscal Framework which was conveyed to the National Assembly in October. However, this framework has since been reviewed in light of recent economic developments. We have sought to be more efficient in the use of public resources by eliminating or rationalising areas of waste and focusing on the critical sectors that would propel the growth of our economy and help us realise the objectives of the Seven-Point Agenda. We are moving from a system where we spread our limited resources thinly across many projects that take several years to complete, to one where we concentrate and focus on fewer, highly prioritised projects, which we can bring to quick completion.
Review of the 2008 Budget

The 2008 Budget was based on projected oil production of 2.45million barrels per day, a benchmark oil price of US$59.00/barrel and an exchange rate of NGN117/US$. Based on these assumptions, I signed into law last April an Appropriation Bill of N2.748trillion, representing a 32% increase in Federal spending over the 2007 fiscal year.

This, however, was based on a prior understanding with the National Assembly that the level and composition of projected expenditure under the 2008 Budget would be subsequently reviewed. Consequently, I submitted a proposal for a Budget Amendment to the National Assembly in July, which, I am pleased to say, has now been passed by the National Assembly. I congratulate the Leadership, and the Distinguished and Honourable Members for this gesture, which exemplifies the spirit of cooperation and mutual respect between both arms of government in the service of our people. Some of the efficiency savings from this reduced appropriation are being applied to finance the 2008 Supplementary Budget, which is designed to provide for items such as critical expenditure in the power sector. Again, I am delighted to observe the speedy approval of the 2008 Supplementary Budget by the National Assembly.

The performance of the 2008 Budget has been mixed and indeed far from satisfactory. While releases of budgetary allocations to the MDAs have been on course, with 100% of the capital vote released by the middle of November, actual utilisation has not kept pace with the releases due to a number of factors which we are closely looking into.

On the revenue side, although international oil prices reached record high levels in the first half of 2008, overall revenue performance has been below expectation, due to domestic oil production disruptions and declining international energy prices, as the global economy responds to the transnational financial crisis.


The aggregate projection for Federation Account receipts in 2008 was N4.529trillion. Oil-related revenue was expected to amount to N3.606trillion or 80% of this sum while non-oil sources of revenue were to account for the balance of N923billion or 20%. In addition to volatility in international oil prices, actual crude oil production has been lower than projected, averaging just over 2million barrels/day, due to the situation in the Niger Delta. As a result, overall revenue receipts have been well below expectation.

On a positive note, non-oil revenues have performed better than anticipated, due largely to increased efficiency of collection of the various taxes. Indeed, the current oil price situation underscores the overdependence of the Federal Budget on oil related receipts.

Consequently, this Administration will continue to lay emphasis on diversifying our sources of revenue from oil to non-oil sources. In the 2009 fiscal year, more emphasis will be placed on increasing remittances from public corporations, parastatals and agencies. In this regard, we anticipate greater Independent Revenue of about N306billion from various sources. The Federal Inland Revenue and Nigerian Customs Services will be further empowered to meet their mandates and shall be expected to increase their efficiency in collection. Trade related revenues will increase, as the 48-hour cargo clearance reforms transform the efficiency of our ports.

While the tariff bands under the new 2008-2012 Nigeria Customs and Tariff Book are lower than what previously obtained, the fifth band of 35% continues to afford modest protection for some of our key local industries. The new tariffs are also consistent with our commitment to expanding trade across the ECOWAS region and creating new export opportunities for our domestic industries. As compliance improves and the incidence of smuggling reduces, we expect that non-oil, trade-related revenue will increase.

Finally, as we increase spending on our transportation and power infrastructure, we will ensure a better investment environment for our industries, entrepreneurs and investors through substantial reduction in the cost of doing business.

Philosophy and Thrust of the 2009 Budget

The 2009 Federal Budget is focused on delivering on the promises of this Administration’s Seven-Point Agenda by enhancing investment in critical physical infrastructure and human capital development, implementing socio-economic reforms and consolidating democracy.

Many of the 2009 Budget interventions adopt a multi-dimensional approach in addressing key challenges to our development as a nation. As our Public-Private Partnership policy is fully implemented, private initiatives are expected to complement the Government’s interventions in key areas of our economy with the overarching objective of making a positive, tangible and enduring difference to the life of the ordinary Nigerian.

The 2009 Budget is to give priority to the completion of ongoing projects, which will quickly deliver tangible results in service delivery. Accordingly, rather than embarking on new projects, this Administration has opted to devote more resources to completing existing projects and discharging outstanding obligations from the 2007 and 2008 fiscal years. We will continue to ensure that all new projects are well articulated, properly costed, and sensibly prioritised, taking into account available resources and the implementation capacity of the MDAs.

The 2009 Federal Budget is to deliver on our promises to reduce poverty and attain our Millennium Development Goals. Our guiding vision is as encapsulated in the Seven-Point Agenda. By enhancing physical infrastructure through improving the power and road transportation sectors, we can improve the capacity of our non-oil sectors, such as agriculture and manufacturing, to contribute to more sustainable and enduring economic growth and development.

By investing in human capital development through education and healthcare delivery, we can create a better future for the next generation.

We must continue to improve national security and enhance the ability of the law-enforcement agencies to discharge their functions. As a responsible and people-centred Government, we must continue to abide by the rule of law, promote transparency and accountability in governance, and relentlessly pursue our efforts to combat corruption. By remaining true to our vision, we will create a more prosperous and secure future for all the citizens of this nation.

In line with the above philosophy, the 2009 Budget provides 91% of the capital vote to five key priority sectors, namely:

• N361.2billion for Critical Infrastructure, including capital allocations of N88.5billion for Power, N15.4billlion for Aviation, N26.5billion for Petroleum Resources, N129.3 billion for Works, N35.2billion for Transport and N48.7billion (out of a capital vote of N64.45billion) for critical infrastructure within the Federal Capital Territory;
• N131.9billion for Human Capital Development including N39.6billion for Health, N33.6billion for Education, N32.6billion for MDGs Conditional Grants, N19.7billion for MDGs Quick Wins Projects and N6.3billion for MDGs Capacity Building;
• N91.8billion for Land Reform and Food Security focusing on Agriculture and Water Resources;
• N67billion for Security; and
• N77.12billion on the Niger Delta, comprising N27.12billion for the NDDC and N50billion on the newly created Ministry of the Niger Delta including provisions for enhancing critical infrastructure, environmental protection, youth development and grass-root empowerment.

Assumptions underlying the 2009 Budget

The 2009 Budget is predicated on certain key assumptions that take a realistic fiscal outlook for 2009. These include:

• Oil production of 2.292mbpd
• Benchmark oil price of US$45/barrel
• Joint Venture cash calls of US$5billion
• GDP growth rate of 8.9%
• Inflation rate of 8.2%

On the basis of these assumptions, taking into account the revenue sharing formula, the total federally collected revenue is projected at N5.131trillion, which includes oil revenues of N2.9405trillion and non-oil revenues of N1.973trillion (as well as other non-Federation Account items such as grants and special levies amounting to N217.5billion). The total Revenue for the Federal Government Budget is forecast at N1.778trillion including Independent Revenue of N306billion.

2009 Budget Expenditure

The aggregate expenditure for 2009 is N2.87trillion, comprising N140.7billion for Statutory Transfers, N283.6billion for Debt Service, N1.649trillion for Recurrent (Non-Debt) Expenditure and N796.7 billion for Capital Expenditure.

This aggregate expenditure represents a 4.45% increase over the N2.748trillion initially appropriated in 2008 and an 8.42% increase over the 2008 Amended Budget’s level of expenditure of N2.647trillion. More crucially, the capital vote of N796.7 billion is significantly higher than the actual capital expenditure of N491billion in 2007.
Key projects that will be funded by the 2009 Budget include:

POWER: N3.5billion for the Mambilla Hydro-electric power generation project, N21.5billion for other Generation projects (including N6.5billion for the completion of the Niger Delta Power Holding Company’s NIPP projects), N32billion for Transmission projects, and N19.25billion for Distribution projects;

PETROLEUM RESOURCES: N903.9million for the Trans-Sahara Gas Pipeline, N6.7billion for the Calabar-Umuahia-Ajaokuta Gas Pipeline, N10.3billion for the Ajaokuta-Abuja-Kano pipeline and N1.1billion for the Gas Supply Pipeline to PHCN Delta IV;

WORKS: N10.7billion for Access Roads to 6 NNPC refineries and ports, N56.86billion for highways construction and rehabilitation, N4.3billion for the construction of the 2nd Niger Bridge at Onitsha and N3.6billion for the Guto/Bagana Bridge across the River Benue (both bridges are being constructed through PPP arrangements) and provisions for several other Presidential Initiative and Priority road projects;

TRANSPORT: N12.4billion for the completion of the Ajaokuta-Warri line to the Delta Steel Jetty; N8.3billion for the modernisation of locomotives, coaches and wagons, rehabilitation works and procurement of railway equipment, and N8.4billion for the dredging of the Lower River Niger ;

HEALTH: Healthcare projects including N6.5billion on the sector’s response to HIV/AIDS, N3billion on Midwifery Services Scheme, N7.7billion on maternal and children’s health, and N6billion on polio eradication;

AGRICULTURE AND WATER RESOURCES: N4.6billion on the development of livestock production infrastructure, N15billion on the supply of fertiliser, N6.5billion on tractor service PPP schemes, N9.2billion on the construction and rehabilitation of dams, and N11.6billion on water supply and sanitation;

DEVELOPMENT OF THE NIGER DELTA: the new Ministry will invest N28.4billion on the East-West Road to improve accessibility to the region, N92.8million on projects to improve and restore the environment and N18.6billion on other projects, particularly the establishment of two sophisticated skills acquisition centres to help the youths from the region acquire practical skills relevant to the energy and petrochemicals industry.

Budget Implementation and Monitoring Of Deliverables

In line with this Administration’s emphasis on ensuring service delivery and insisting on the rule of law, transparency and accountability, the MDAs will be expected to implement their projects and programmes with the deepest sense of responsibility and with emphasis on due process in the implementation of this Budget. Emphasis would be on increasing value for money, setting the highest standards of accountability and probity in the discharge of public service, and expecting these standards to be respected by all.

As we move towards a more dynamic, results-oriented and performance-based budgeting process, the MDAs will be held to their commitments to delivering measurable targets and outputs.

Specific areas of note include:

SECURITY: the Police are investing N5.738billion in a new initiative in enhancing security and community policing in 7 cities across the Nation, namely Abuja, Lagos, Kano, Ibadan, Port Harcourt, Maiduguri and Onitsha. The Nigerian Police Force is committed to reducing crime by 40% in these 7 cities over the next year. The Interior Ministry is investing N1.8billion in prison infrastructure rehabilitation to improve the security of the prisons and provide better facilities for reorienting convicted felons for rehabilitation into society.

WORKS & HOUSING: the Ministry proposes in 2009 to complete the construction and rehabilitation of 3,293km length of roads. Under the FERMA programme, 10,676km of Federal roads will be kept in motorable condition under the Retainership Programme, and 20,000km of roads will undergo emergency repair work. The Zonal Intervention Roads project will cover a total of about 2,400kms of roads. This Administration is also committed to accelerating the enhancement of road works by maintaining 10,000km of roads every year for the next three years.

POWER GENERATION: We are increasing investment in power generation by enhancing NNPC’s ability to provide 1.2billion SCF of gas to the domestic market, so as to ensure that this Administration can deliver 6000 MW of power by the end of 2009.

FOOD SECURITY: in 2009, the Ministry of Agriculture and Water Resources will increase land under cultivation by 5%, by optimising 220,000hectares of irrigated land and irrigating 12,000hectares of arable land. This will result in an increased yield of between 50-250% depending on the type of crop. The Ministry also intends to increase fish production from 650,000metric tonnes to 1.5million metric tonnes. The ultimate objective is an overall increase of 8% in agriculture’s contribution to GDP.

HEALTH: The Ministry of Health is completing the modernisation of the Teaching Hospitals in Calabar, Awka and Ife ; completing the modernisation of 7 Specialist Hospitals in Kaduna , Lagos , Kano , Calabar, Enugu , Maiduguri and Abeokuta ; and scaling up investment in its polio eradication programme.

FCT: the Government is investing over N11.3billion to accelerate the completion and furnishing of the Foreign Affairs Headquarters to enable the Ministry relocate to its new premises by 2009, freeing up their existing accommodation for use by other MDAs in need of office accommodation. This is in addition to the Shehu Shagari Complex and the Federal Ministry Building Phase II (Bullet House) which will all be completed, furnished, ready for occupation in the 2009 fiscal year. The FCT will also invest N5.1billion in the construction of water treatment plants, N10.8billion on completing various road projects, N3.5billion for Abuja Technology Village, and N11billion for the Abuja Metro rail project.
Fiscal Balance

The fiscal balance in the proposed 2009 Budget is a deficit of N1.09trillion or 3.95% of GDP, based on our assumed benchmark oil price of US$45/barrel and forecast production of 2.292mbpd. The deficit is to be financed by outstanding signature bonuses, proceeds of ongoing privatisation, the recall of US$200million from the Nigerian Trust Fund of the African Development Bank, any unspent balances from the 2008 Budget, domestic borrowing and a Naira-denominated international bond issue of US$500million. The latter bond issue is primarily for the development of a benchmark for the pricing of local and foreign currency denominated sovereign debt instruments.

The decline in international oil prices has compelled Government to make some exceptional adjustments in our spending plans and priorities. In this regard, this Administration is introducing certain policies to curb inefficient spending in MDAs.

Given the need to address the serious infrastructure gap and make key investments in priority sectors, aggregate spending remains relatively large compared to revenue. In this regard, the Government considers it expedient to seek the consent of the National Assembly to take the extraordinary step of exceeding, in the short term, the deficit target we set for ourselves under the Fiscal Responsibility Act 2007. However, we remain committed to reverting to a more conservative and sustainable fiscal deficit of 3%, or lower, in the medium term, consistent with international best practice.

Monetary policy in the medium term will be focused on continuing efforts at managing inflation within a single-digit and keeping interest rates at appropriate levels using the present market-determined monetary management system. We are committed to maintaining an appropriate exchange rate, and taking necessary steps to manage the volume of money supply through the Central Bank’s open market operations.

New Public Spending Efficiency Policy Measures

In view of the challenging international and local environment, our Administration has adopted certain policy measures to ensure that the 2009 Budget reflects these new realities. To maintain accelerated capital investment in key priority areas, and to strengthen and increase efficiency in public expenditure management, certain steps have had to be taken in the overall national interest. Accordingly, under the 2009 Budget Proposal, recurrent expenditure by way of overheads is being frozen, in the main, at the 2008 level or substantially cut, in a number of cases.

Investments in non-priority capital outlays such as the acquisition of new vehicles, and the construction and furnishing of new headquarters for MDAs, have been suspended. Excessive expenditure on international travels and training has been curbed by 50% with expenditure on local travels slashed by 25%. Recurrent expenditure on personnel costs will also be controlled with the full deployment of IT, by way of the Integrated Personnel and Payroll Information System (IPPIS), to all MDAs. Payments for goods and services will be discharged through the e-payment system to increase efficiency and reduce avenues for corruption.

These new policy measures apply across all MDAs, and will also be fully applicable to all parastatals and agencies that are not funded by the Treasury. While these policy measures will require significant adjustment across the public sector, they allow greater emphasis to be given to enhancing capital expenditure on on-going projects in key priority areas, despite the reduced resources available to the Government in the 2009 fiscal year.

Conclusion: Delivering Development under the Seven-Point Agenda

Mr. Senate President, Mr. Speaker, Distinguished Senators, Honourable Members of the House of Representatives, our strong economic condition today has been won through our commitment to preserving macroeconomic stability and maintaining prudent public expenditure management. Although the challenges ahead of us as a nation are formidable, our commitment to translating the gains of our macroeconomic reforms into tangible, positive and enduring change for all Nigerians, remains firm.

We remain steadfastly focused on our vision for Nigeria , as encapsulated in the Seven-Point Agenda and the Vision 20-2020. By being faithful to our guiding principles of value for money, service delivery, accountability and the rule of law, we can face the challenges thrown up by the uncertainty and turbulence currently confronting the global economy with a well-founded confidence in the prudence of our policies and our unwavering resolve to see them through. We will actively engage with the Legislature with a view to ensuring that not only will the 2009 Budget be faithfully implemented but also that our success in this undertaking will lay a firm foundation for future budget cycles.

Respected Members of the National Assembly, I once again wish to thank you for your patriotism, cooperative spirit, and steady support over the course of the annual budget cycle. I must place on record the consummate and thorough manner in which the National Assembly has engaged with the Executive in our budget preparation, monitoring and implementation work.

As I lay before you the 2009 Budget Proposal of the Federal Government of Nigeria for your consideration, I look forward to an expeditious passage, and even greater collaborative efforts in our joint effort to move our great nation forward into a more promising future.
I thank you most sincerely for your attention.

May God bless the Federal Republic of Nigeria.

Sometimes you tend to outdo your very punk-ass self. I wondered aloud if you paid any attention to the colored sections of your post. I guess FCT stands for Federal Capital Territory, in this case, Abuja.

If you really understood what you write, read and sometines post, you should know that the section colored had also applied to Lagos when the city was the seat of federal government of Nigeria as Abuja is currently serving in that capacity.

One wonders why a loudmouthed son of a deluded punk such as you would insinuate that Lagos was not developed by the federal government of Nigeria or revenue accrued from the sell of crude oil. I wish federal government should allocate half of such revenue that had been previously ceded to Lagos and now being showered on Abuja to other state’s capital cities in the federation.

Some people are certainly fuller of loudmouth than pinch of brain.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by lukkie(m): 7:38pm On Nov 29, 2009
the failed state called nigeria should be broken into as many pieces as possible.

LONG OVERDUE!
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by redsun(m): 8:36pm On Nov 29, 2009
If we liken the amalgamation of nigeria to bringing countries like france,germany and britain together as one country over night,which is exactly what the british did in nigeria,how will they fare?
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by lannre(m): 9:15pm On Nov 29, 2009
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period!


Its an understament, but my fear is that dividing Nigeria wont bring the much solicited development, what about te Vampires that discriminates withing each ethinic groups, instance: Ijebu eko,ijebu Egba -marginilisation among non indigene in the Lagos civil service(might be same with other states) quota system in employments. Will division really solve the problem?
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by ekea2001: 3:40pm On Oct 05, 2010
maybe another last wish for Ojukwu.
Re: Quit Pretending, Lets Divide Nigeria, We Aint One: Period! by Nobody: 7:59am On Sep 22, 2011
Divide Nigeria this way
Relocate all northerners in Southern and central Nigeria to the north
Create a christian state in Northern Nigeria maybe Adamawa or Niger where Christians are a very large minority or a slight majority.The state will recieve or the indigenous northerners who are christian or traditionalists
The Indigenous people of the Middle Belt were never muslims so the Middle belt should be in Southern Nigeria
Create a federation with a rotating presidency between the middle belt,the delta,the east and west.Each region will produce a presidency once every 20 years.
This is a fact.Tribal differences cough igbo-yoruba can be overcome.The Dinka,Nuer and the over 100 tribes in South Sudan united to seperate from sharia crazy kill-all-infidels northerners to gain a nation with oil and Minerals.Southern Nigeria can do the same

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