kaboninc:




Your dear Obiagelli has been proven to be wrong. If you had come before her, you would have faced her fate.

upper:
Funny how the gullible are easily deceived. We have recurrent expenditure of 3.6 trillion naira for payment of salaries and running expenses. We spent #700 billion to service debt yearly. We have infrastructural deficit to cover such as bad roads, power supply, water supply, etc. We have petrol subsidy, fertilizer subsidy etc. Mind you oil companies pay taxes and royalties to FIRS and forms about 80% of the total federation revenue. So which of the above necessity will be dropped to accommodate paying #5000 the poorest 25 million and feeding of school children. Unless they want to plunge Nigeria into a huge debt.

Nazeeboy:
you too tell me where did GEJ get the over 2tr naira he shared to PDP chieftains and ministers for his campaign, which you know by now he is demanding for the refund of that money. We are talking of over 2tr naira just for a campaign! You guys are here analysing the facts on ground of the sources of our income. Nigeria earns more than the trillions you are analysing here. There are just so many sources nigeria earns money that we don't know of and only God knows. So let's just keep our mouth shut and hope for the best from the incoming administration. If buhari really says 5k for each unemployed youth then he sure knows the reason why he says so because he has been in the system long enough to know what kind of money nigeria is generating anually. This old man has nothing to gain for him to tell us lies so that he becomes the president. You can all sense his desperation to right the wrongs of many of our past leaders including his own mistakes and make Nigeria great again. So at least give him space to be sworn in first.

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.




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.

He said he would rather
channel resources into the
building of infrastructure,
education, agriculture and mining
to create employment
opportunities for able bodied
young men

Obiagelli:


Tonyebarcanister, there is no where on nairaland where i argured for payment of 5k to unemployed youth, it has always been the most vulnerable citizens. The president has not said it won't pay vulnerable citizens.

You will never find payment for unemployed youth in the Apc manifesto

Obiagelli:
In time past, i would have created a counter thread, these days i dont time to educate people that are delibrately stup.d

Obiagelli:


Tonyebarcanista, there is no where on nairaland where i argured for payment of 5k to unemployed youth, it has always been the most vulnerable citizens. The president has not said it won't pay vulnerable citizens.

You will never find payment for unemployed youth in the Apc manifesto

Obiagelli:


Tonyebarcanista, there is no where on nairaland where i argured for payment of 5k to unemployed youth, it has always been the most vulnerable citizens.

ou will never find payment for unemployed youth in the Apc manifesto

The president has not said it won't pay vulnerable citizens.

TonyeBarcanista:
You be funny woman o.....

www.nairaland.com/attachments/3445387_127992549751789525280561129402990149661295n_jpeg76598e18400a93dc592a2ba28335e58a

Are you related to a certain Lai Muhammed?

Obiagelli:

Thats the the Apc manifesto?
Anyways it is wrong to put my name in your thread when i never discussed payment to unemployed youths

Obiagelli:

Thats the the Apc manifesto?
Anyways it is wrong to put my name in your thread when i never discussed payment to unemployed youths

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.




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.

Obiagelli:
In time past, i would have created a counter thread, these days i dont time to educate people that are delibrately stup.d

Obiagelli:


Tonyebarcanist, there is no where on nairaland where i argured for payment of 5k to unemployed youth, it has always been the most vulnerable citizens. The president has not said it won't pay vulnerable citizens.

You will never find payment for unemployed youth in the Apc manifesto

coolscott:


What will you refer to this as? https://www.nairaland.com/2265908/buharis-social-program-very-possible

Obiagelli:

Did you see anything about unemployed youths there?

Obiagelli:

Did you see anything about unemployed youths there?

coolscott:

Is the promise to unemployed youths not a major component of the promised social welfare program delivered during the campaigns? Hmm.. you're beginning to sound like an information minister we all know

cupid4ig:
just hide ur face in shame. Tufiakwa

Obiagelli:




If only you will show me where i mentioned unemployed youth.

coolscott:

I think it is now looking as if neither your original article nor your complete write-off of a response here deserved the dignity of a response.
The title of your post is Buhari's Social Program: Very Possible. Now can you please list the components of that his social program?

Obiagelli:


Tonyebarcanista, there is no where on nairaland where i argured for payment of 5k to unemployed youth, it has always been the most vulnerable citizens. The president has not said it won't pay vulnerable citizens.

You will never find payment for unemployed youth in the Apc manifesto