PLEXPLEX:


Just imagine!! Nobody should touch it how?

Monies the gave FG since 2010?

ZUBY77:
Only?

Idiooots will soon begin to ask what GEJ did with it,
Without subtracting the State allocations and capital projects.

Emmaowolabia:




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

ZUBY77:
Only?

Idiooots will soon begin to ask what GEJ did with it,
Without subtracting the State allocations and capital projects.

5p1naz:
if this is royalties and tax... im wondering how much they made. my forefathers no try oooo.. why didn't they think of owning an oil well when people never sharp like this...

**edited**
By the way Why is the amount in plural?

I.e. billionS and trillionS

san316:
Where did it go and what was it used for?

Why did we now have to borrow 1billion dollars if we have this?


I need answers.

ben1daEbiri:
Fooooool,do you know what is $48billion?even half of that amount can cover state allocations for 4 years!

rottennaija:
This is a good story, but we need your source to verify

ZUBY77:




How much is Nigeria's budget in 2014?

ZUBY77:




How much is Nigeria's budget in 2014?

Abok1:





Nigeria's Budget for
2014 - 4.695 trillion Naira (about 29.3 billion dollars)
2015 - 4.3 trillion Naira (about 23.8 billion dollars)

These figures include the state allocations for both years, sufficient to say that the $40 billion from Shell would cover the budget for 2 fiscal years conveniently.

This is while ignoring the Royalties paid by the other MNC in the oil sector, and also the Banks and Telcomms.

ZUBY77:


Cool.

Can you get me what shell paid FG from 2003 to 2007?
Then get us the National budget too.
Thanks.

Guyman02:
PETROBRAS of Brazil that we started together in the oil business runs their industry and not collecting 'Royalty' from some western companies.
Sign the Petroleum Industry Bill (PIB) and let Nigeria fully control its resources but western interference has never allowed NORTHERN SENATORs see anything good in the bill as the oil companies and foreign embassies protecting their own interests make the Northerners to think that they will lose out if the PIB is passed.

Nigeria needs to stop collecting Royalties from Shell and other but think about doing it ourselves as we are not Niger Republic that produces Uranium but receives 5% royalty from French Company AREVA and remains a poor country in the midst of plenty.

ZUBY77:


Cool.

Can you get me what shell paid FG from 2003 to 2007?
Then get us the National budget too.
Thanks.

Abok1:





[b]Your line of argument to justify the nelipot president is filipendulous. The issue is not the bugetary spending, but the Jumentous corruption going on in the FG during Jonathans term as the President. No matter how much he tries to disociate himself from it, he's the most guilty one for not putting his cronies on a short leash.

I would normally ignore rhetoric responses which is lacks tact as the information you sort is available in the public domain, but on this occasion, let me indulge you.

Nigerias budget

2003 Obasanjo N1.446 trillion This is amount authorized.
2004 Obasanjo N1.189 trillion Presented December 18, 2003 .
2005 Obasanjo N1.618 trillion Presented October 14, 2004. Passed – April 12, 2005 Authorized was N1.8 trillion. Implemented was N1.5 million.
2006 Obasanjo N1.88 trillion Presented- December 6, 2005 Authorized was N1.9 trillion.
2007 Obasanjo/Yar’Adua N2.3 trillion

Shell royalties paid to Nigeria
2003 - 1.8 billion
2004 - $3.3 billion
2005 - $4.3 billion
2006 - $3.5 billion


Source:
http://reports.shell.com/sustainability-report/2011/servicepages/previous/files/shell_report_2003.pdf
http://reports.shell.com/sustainability-report/2013/servicepages/previous/files/shell_report_2004.pdf


between 2007 to 2011
$38 billion

Source:
http://reports.shell.com/sustainability-report/2011/ouractivities/deliveringenergyresponsibly/nigeria.html
[/b]

Abok1:





Nigeria's Budget for
2014 - 4.695 trillion Naira (about 29.3 billion dollars)
2015 - 4.3 trillion Naira (about 23.8 billion dollars)

These figures include the state allocations for both years, sufficient to say that the $40 billion from Shell would cover the budget for 2 fiscal years conveniently.

This is while ignoring the Royalties paid by the other MNC in the oil sector, and also the Banks and Telecomms.

ikombe:
bends down to kiss her like that close up advert

Guyman02:
PETROBRAS of Brazil that we started together in the oil business runs their industry and not collecting 'Royalty' from some western companies.
Sign the Petroleum Industry Bill (PIB) and let Nigeria fully control its resources but western interference has never allowed NORTHERN SENATORs see anything good in the bill as the oil companies and foreign embassies protecting their own interests make the Northerners to think that they will lose out if the PIB is passed.

Nigeria needs to stop collecting Royalties from Shell and other but think about doing it ourselves as we are not Niger Republic that produces Uranium but receives 5% royalty from French Company AREVA and remains a poor country in the midst of plenty.

atlwireles:


Why mislead people, the figures you presented are only the federal government budget. This is the mistake most of you in APC make come May 29 Buhari will shock you people with the true state of government finance

Unbelieveable conclusion and inference from you right there.

Let me see, once you ignore the rot in the system and you wag your tails in agreement like someone suffering from knismesis, you are applauded.

But the moment you refuse to sing kumbayah in face of the gambrinous recklessness of the irresponsible President who performs cleptobiosis with his cronies, you become an APC member.

I'm appalled at your line of reasoning to say the least.

Abok1:




Unbelieveable conclusion and inference from you right there.

Let me see, once you ignore the rot in the system and you wag your tails in agreement like someone suffering from knismesis, you are applauded.

But the moment you refuse to sing kumbayah in face of the gambrinous recklessness of the irresponsible President who performs cleptobiosis with his cronies, you become an APC member.

I'm appalled at your line of reasoning to say the least.

atlwireles:


Why are you appalled? you gave unbelievable figures as the gross budget of Nigeria, yet you are the one appalled Correct your numbers and tell the forum the gross budget of the Nigerian Nation in 2014 and 2015 ( federal government plus the 36 states). Then we can revisit your gambrinous recklessness of the irresponsible President who performs cleptobiosis with his cronies, comment.

Abok1:





Before you muddle up the salient points and try to sidestep from the focus which is the bad management of our collective wealth as a nation, you need to read up on what the cause of this argument. The gentleman @Zubby77 requested for the FG's budget between 2003 to 2007 which I provided.

Your sphallolalia would not do justice to the issue at hand, which points at he failure of your principal, and no amount of jingoism would change this.

If you have any information to help or justify your line of argument, do not desist from providing it. But to expect me to get the information for you would be foolhardy. My 2 cents.

atlwireles:


I replied the comment you made, where you stated the Nigerian budget, states included for the years 2014 and 2015. I am not interested in Zubby 77's comment. Just correct your misleading figures and tell the forum the correct amount. You can then, move on. You were wrong, way wrong. Spare me your other sphallolalia and jingosim as you call it.

TrishaP:

Since when did close up starts kissing someone in their advert?

steppin:
These taxes were also paid during the time of Buhari, so It's not a new thing.
Let's wait and see how he intends to use the one paid to Nigeria from this year to 2019.

steppin:
These taxes were also paid during the time of Buhari, so It's not a new thing.
Let's wait and see how he intends to use the one paid to Nigeria from this year to 2019.

ovdot:
It shows you are educationally daft.