jt2010:


You don't need to grace him with a debate because like their clueless GEJ, they reason in one direction!!! The social program is APC manifesto so why is he trying so hard to tie it sole to GMB incoming FG! He even went further to make statement that FG cannot be directly involve in primary school activities. He is trying to make the policy look like only FG social program and totally\intentionally exclude the involvement of APC state government. The APC social program is a party manifesto so it s involve the collective involvement of both the FG and Mostly APC state government.

buskie13:
I don't just know wat to say..but it's a surety APC led govt will fail woefully ...the CHANGE they asked for is going to affect Nigeria badly...i don't have much to say...

GEJ remains my President till 2019

atlwireles:


Any attempt to increase taxes at the federal level will not pass. The Nigerian Business community and the financial donation states will aggressively fight it. Remember most of the APC states are what I call collection state, vat increase will not affect, because they are paying almost zero right now. Only Lagos is going to feel the effects, and they rather see a State tax increase than a federal one.. The opposition states will do the Nigerian thing and call it a tribal economic sabotage.

kaydkay:
To all those Pessimists/PDP supporters wishing/praying for Buhari to fail you should know that "Impossible means nothing to a very focused man". There was a time when State Governments couldn't generate up to 10million IGR for the whole year (Lagos inclusive) until some right thinking and smart people did the right things.

I saw a report in the papers and on TV last week that Lagos State IGR is now in the region of 23 BILLION (TWENTY THREE BILLION!!) MONTHLY.

Now whoever thought Lagos could generate such huge sums? The money has been there all along but it wasn't properly harnessed.

We all keep labeling Nigeria as a Potential Super Power -Economic wise but despite this potentials, we haven't amounted to anything because of lack of political will of those in government.

I believe Buhari will do well.
I believe it will not be business as usual for those running the country down economically.
I believe some you praying for the down fall of the incoming Government will be alive to see the greatness of these great nation.
I believe the Poster and some of the "PDP never see anything good in buhari" people will soon eat their words and run away with their tails between their legs in shame as the man Buhari puts this country on the path of greatness again.

Just my 2 cents.

Kororugged:


Olodo!

barcanista:
Where are the pro-Buhari people? I love things like this... #BabaOneChance

atlwireles:



Democracy is their undoing. No decrees and no with immediate effect.


“Democracy extends the sphere of individual freedom, socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.”

Alexis de Tocqueville

barcanista:
Nigerians too are watching... The mistake with many opposition (especially in Africa) is that they sit in the comfort of their bedroom to make projections and promises without proper research. Imagine Obiagelli creating a thread to "assume" how much goes into the FG accounts and was even joyous at such show of sheer ignorance.

sarahatuba:
Why are we just going back nd forth on this issue......im sure putting this as one of their campaign strategies was a collective decision by people who know all these y'all are writing....nt just a one man decision.......they arent as stupid or dumb as we might think......lets give them time to prove they can do it...lets not be pessimistic #my 2kobo on the matter

dustydee:

I am not jobless, sir.

powersunny:
This barcanista is just creating activity for everybody here to be throwing punches in the air. This reminds me of a case where someone sued that GEJ cannot be PDP's candidate in the last election when in fact PDP has not nominated him. Of course, the judge threw out the case. You can't build something on nothing na. Even Soludo critiqued the APC manifesto of lacking supporting figures. Now that APC has won, won't it be wise for you to keep watching and see how things will unfold in the next three months at least? Don't be in a hurry to play the opposition, you have a whole 4 years ahead of you to so do.

You are using figures from GEJ's govt to project for an APC govt and you want me to take you seriously. You discountenanced leakages and corruption in your figures. Please leave the headache for the APC govt and criticize them based on the events of their time.

"Those who say it is not possible should not disturb those doing it".

aresa:







Coming from this same hypocrite who just insulted another poster instead of sane and rational counter views..


Please keep quiet...

musing2:
I realize this program is not feasible and I hope the Buhari administration does not waste money trying to implement it. Seriously, why did Nigeria vote out the present government when their policies - rail, automobile, power, road, agricultural, housing - were just gaining steam; real policies that would have changed the country.

leofab:
counter him intelligently if you are educated and not calling names..

agabusta:
Sit your ass down and let the administration come on board before you start your opposition work. You still have 4 years ahead to tackle the administration, you better don't dissipate your energy too early.

You just seem to me like those people that will be running full speed at the start of a 10,000metres marathon only to drop off mid-way.

The administration is yet to come on board, you are already being pessimistic.

will be back...

barcanista:
PLEASE TAKE TIME TO READ

This thread is in response to the Thread by Obiagelli's https://www.nairaland.com/2265908/buharis-social-program-very-possible. In her bid to defend the Social policy of Mr Buhari, Obiagelli insulted the intelligence of Nigerians with respect to what is accrued to the Federal Government in revenue per fiscal year. Let us start by putting things in order...

Nigeria's Revenue:
Nigeria's revenue is accrued through oil export, non oil export, oil tax and non oil tax. The Federal Inland Revenue Service is statutory responsible for the collection of both oil profit tax and non oil tax. The money for oil export goes directly to the Federation Account via the NNPC. The money generated via non oil export goes directly to the federation account through relevant Agencies.

Oil Revenue:
The total sum realised through Oil export(after operational cost) and oil profit tax is known as "Oil Revenue"

Non Oil Revenue
While the sum realised through export of other commodities(after operational cost) and the money realised from non oil profit tax is called "Non Oil Revenue".

What Did Nigeria Earn Between January 2014 and January 2015?
Nigeria Total Earning:
Jan 2014 - June 2014 = N5.109trn

June 2014 - Jan 2015= N3.676trn

Total: N8.785trn

Total Oil Revenue (Oil Export Earning + Oil taxes)
= 70% of Total Revenue ie N6.15trn

*Total Non Oil Revenue (Non Oil Export + Non oil taxes)
= 30% of N8.785trn ie N2.635 trn

Jan 2014- June 2014 = N1.08trn*
July 2014 - Jan 2015= N1.556trn [N2.635trn]

Understanding FIRS 2014 Report:
FIRS announced that the sum of N4.69trn was generated in 2014. The report indicated that N2.45 trillion, representing 52.96 per cent, was collected from petroleum profit tax while N2.24 trillion, representing 47.04 per cent, was collected from non-oil taxes during the period.
Analysis
This sum(N4.69trn) is not independent of the published N8.785trn that Nigeria was said to earn between Jan 2014 and January 2014. It is a part and parcel of the total revenue.

How Much Did FG Get In 2014?
There is a consolidated Sharing formula between FG, States, LGs and Oil Producin States(13%) after operational and other associated cost has been deducted.
FG Earnings In 2014
1st Qtr: N912 billion
2nd Qtr: N864.2 billion
3rd Qtr: N924.68 billon
4th Qtr: N617.186 billion
Total 2014= N3.318trn

2014 Budget: N4.6trn
FG Projected Earning for 2014= N3.73tr
Real Earning = N3.318trn
Deficit in 2014 Fiscal Year: N1.282trn

What this means is that the money accrued to the FG was not even enough to fund 2014 budget. We had a deficit of N1.282trn.
Also note that the fall in oil price affected our earning.

Looking At 2015 Budget:
The 2015 budget(as adjusted) stand at N4.3trn.
Projected Revenue For 2015= N3.603trn
Deficit: N1.297trn (N4.3trn - N3.603trn)

This means the 2015 budget will be run on deficit of N1.297trn (as confirmed by the Senate).

Looking At Buhari's Proposal
With Buhari's proposed N1.89tr Social program, it invariably means an additional N1.89trn will be added to the projected deficit of N1.29 trn ie N3.187trn if he is to go ahead with paying of N5000 to 25 million unemployed annually, from where will he be able to make up the HUGE deficit?.

Analysing The Argument of The Pro-Buharis
Some Pro-Buharis claim that the project will be done in phase of 5m people per year. However, the problem of "How to identify these 5m beneficiaries" and what will be the for selection?
Anyway, that is for another day. Let's go by their argument...
Unemployment benefit: 5m * N5000 = N300 billion.

*The N300b is for the payment benefit alone*. Add that to logistics, overhead and operational cost that the program will incur (approx 50% ie N150billion) annually.

Total: N300b + N150b = N450b

Feeding for 40m Public School Children = N373 billion.

Subtotal: N823 billion.

Where Will Buhari Source For the estimated N823 billion?

- Remove Subsidy? Total package for petrol and kerosene subsidies plus SURE-P fund = N166.5b. That is clearly not up to 30%.

- Invest All Capital Expenditure + Subsidy? This will be a very silly move though. But adding Capital Expenditure and Subsidy will total N866.9 billion. Just a little above the projected N823billion.
Going this route means there will be no project for road, no infrastructure and other capital projects. In fact, it is synonymous to eating the present away.

- Will He Borrow? Borrowing to fund Social Welfare program is synonymous to eating away the future. That means indebting our future and a panacea to economic collapse likened to what happened to Greece if not worse. It also means increasing our already projected deficit of N1.29 trillion

What is the fate of this Social program? Feasible, Laudable or Laughable?

siralos135:
One of the positives to take from the defeat of the incumbent is that power has finally returned to the people contrary to what we were hitherto made to believe by PDP.
Discourse as this is an offshoot of a ds democratic process and my believe is that in no distant future as we consistently focus on developmental issues such as this rather than sentimental and emotional ranting about religion and tribe no politician will have the nerve to ever take us for a ride as it has been in the past.

OneNaira6:
I've read both the first topic from the OP as well replies from APC addressing the topic and till now, I've yet to read any APC followers give a plausible explanation how Buhari plans to achieve some of his promise.
My real interest is literally how he plans to pay each unemployed youth 5000 naira each month without killing that nation's entire savings.
I've equally read this thread from page 0 to now and I still haven't read a plausible explanation. SMH

. . . . . . . .how will you read a plausible explanation when you have ethnicity bigot glasses shielding your eyes

PassingShot:


You're the ignorant one here for the following reasons:

1. You assume you know but you know not

2. You assume that the FG cannot in actual sense increase its earnings whereas it is highly possible

3. You believe all the figures given by the outgoing regime which has lost all credibility to the extent that very few people now believe those figures given in the past.

4. You failed to factor in what can be saved by blocking leakages and limiting corruption/looting.

5. Finally, you are unnecessarily proud, arrogant and an unrepentant sore loser!

torkaka:


. . . . . . . .how will you read a plausible explanation when you have ethnicity bigot glasses shielding your eyes

hush15:


Hey Barca,

the way it is now, let's not argue with some who are completely blinded by their hate and figure for the presidency.

how ever, I beg we do this :

research back through all the campaigns of APC. keep them and wait till its time to hold them accountable. We give them a dose of their own medicine. that's the way to let people see that the so called APC is a political scam and a national sham.

till then,people will argue what they don't understand.