Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,320 members, 7,819,085 topics. Date: Monday, 06 May 2024 at 10:59 AM

Nigeria Is Broke, Buhari Declares - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Is Broke, Buhari Declares (866 Views)

Buhari Declares Open Induction Course For New Career Ambassadors(Photos) / Buhari Declares Total Support For Palestinian State / Nigeria Is Broke: Buhari (2) (3) (4)

(1) (Reply) (Go Down)

Nigeria Is Broke, Buhari Declares by PsmartexLLB(m): 7:59am On Nov 02, 2015
President Muhammadu Buhari has admitted that Nigeria is indeed broke.
He said that the country is at the moment struggling to pay workers
salaries even as he says he wants to be remembered as a Nigerian
president who fought corruption to a standstill, assuring Nigerians, who
are not involved in corruptly enriching themselves with public funds, not
to be afraid.
President Buhari said in the coming days he would have to prune the
number of ministries so as to be able to pay salaries. He's saying this
barely 24 hours after the Senate confirmed 37 ministerial nominees he
sent to the upper chamber of the National Assembly for confirmation.
Speaking at a press conference after the India-Africa Summit, which took
place in New Delhi, India, President Buhari said he would not lose sleep
over criticism that he was being selective in the fight against corruption.
One of the main talking points at the one-day summit in New Delhi, was
the provision India had made for African countries. The nation said it
had set aside over $10 billion grant for African countries.
Wooing investors, President Buhari assured Indians and the international
community of his administration's commitment to sustaining efforts
aimed at making Nigeria an envy of all. He urged them to avail
themselves of the conducive environment that would be created for
investments to thrive.
Responding to critics of his administration who claim he was too slow in
addressing economic and infrastructural challenges facing the country
that's yearning for urgent development, Buhari said "they call me baba
go slow, but I will go slow and steady".
He called on the elite to encourage him to get whoever had compromised
his position and the trust given to him. President Buhari told the
gathering that he remained resolute in the fight against corruption and
would want to be remembered for that when it is all said and done.
His administration has three main focus - security, economy and the fight
against corruption. But he has roundly been criticised by the opposition
Peoples Democratic Party (PDP) as being selective in the fight.
On whether there will be an extension of a three-month deadline given
by his administration to flush out Boko Haram from Nigeria's north-east,
the President said that the target was to get rid of terrorism and not
about meeting deadline.
See excerpts of interview:
How much have you recovered so far in your fight against corruption and how do you feel when people say you are
being selective?
I can't tell you off hand how much we have recovered. For those who accuse us of being selective, if they are not
involved in corruption, they wouldn't have been saying that, they would be the ones to encourage us to get whoever that
has compromised in his position of trust. Those who are not corrupt should even encourage us to do more. I'm not
selective. But whoever that is corrupt would be given up for prosecution so that Nigerians will know we are serious
about this fight.
The three months target you gave the military to flush out Boko Haram, if they don't meet the target would there be an
extension?
The main objective is to get rid of Boko Haram whether it is within the time you gave to the military or outside it. We
maintain cardinal objective and we would support them.
The PDP and APC in the NASS have been polarised following the confirmation of your ministerial nominees. Does that
bother you?
This is teamwork. I didn't work with the Presidency alone, I have to defend all the three chains of government from all
parts of the country and we cannot work outside the constitution, it must be a cabinet representative of each state. We
cannot afford votes for all ministers, some may not be successful ministers, but they would sit in cabinet, because that is
what the constitution says, and we cannot operate outside the constitution.
Are you reducing the number of ministries?
Of course, the country is broke
There are talks that your government is too slow in addressing infrastructure?
Where is the money? You must have known that the Federal Government has to help 27 states out of 36 to pay salaries.
Nigeria cannot pay salaries; the Federal Government itself has to summon the Governor of Central Bank on how it could
pay salaries, not to talk of projects, agreements we signed with other countries on counterpart funding and so on.

Re: Nigeria Is Broke, Buhari Declares by thebestonearth(m): 8:00am On Nov 02, 2015
PsmartexLLB:

President Muhammadu Buhari has admitted that Nigeria is indeed broke.
He said that the country is at the moment struggling to pay workers
salaries even as he says he wants to be remembered as a Nigerian
president who fought corruption to a standstill, assuring Nigerians, who
are not involved in corruptly enriching themselves with public funds, not
to be afraid.
President Buhari said in the coming days he would have to prune the
number of ministries so as to be able to pay salaries. He's saying this
barely 24 hours after the Senate confirmed 37 ministerial nominees he
sent to the upper chamber of the National Assembly for confirmation.
Speaking at a press conference after the India-Africa Summit, which took
place in New Delhi, India, President Buhari said he would not lose sleep
over criticism that he was being selective in the fight against corruption.
One of the main talking points at the one-day summit in New Delhi, was
the provision India had made for African countries. The nation said it
had set aside over $10 billion grant for African countries.
Wooing investors, President Buhari assured Indians and the international
community of his administration's commitment to sustaining efforts
aimed at making Nigeria an envy of all. He urged them to avail
themselves of the conducive environment that would be created for
investments to thrive.
Responding to critics of his administration who claim he was too slow in
addressing economic and infrastructural challenges facing the country
that's yearning for urgent development, Buhari said "they call me baba
go slow, but I will go slow and steady".
He called on the elite to encourage him to get whoever had compromised
his position and the trust given to him. President Buhari told the
gathering that he remained resolute in the fight against corruption and
would want to be remembered for that when it is all said and done.
His administration has three main focus - security, economy and the fight
against corruption. But he has roundly been criticised by the opposition
Peoples Democratic Party (PDP) as being selective in the fight.
On whether there will be an extension of a three-month deadline given
by his administration to flush out Boko Haram from Nigeria's north-east,
the President said that the target was to get rid of terrorism and not
about meeting deadline.
See excerpts of interview:
How much have you recovered so far in your fight against corruption and how do you feel when people say you are
being selective?
I can't tell you off hand how much we have recovered. For those who accuse us of being selective, if they are not
involved in corruption, they wouldn't have been saying that, they would be the ones to encourage us to get whoever that
has compromised in his position of trust. Those who are not corrupt should even encourage us to do more. I'm not
selective. But whoever that is corrupt would be given up for prosecution so that Nigerians will know we are serious
about this fight.
The three months target you gave the military to flush out Boko Haram, if they don't meet the target would there be an
extension?
The main objective is to get rid of Boko Haram whether it is within the time you gave to the military or outside it. We
maintain cardinal objective and we would support them.
The PDP and APC in the NASS have been polarised following the confirmation of your ministerial nominees. Does that
bother you?
This is teamwork. I didn't work with the Presidency alone, I have to defend all the three chains of government from all
parts of the country and we cannot work outside the constitution, it must be a cabinet representative of each state. We
cannot afford votes for all ministers, some may not be successful ministers, but they would sit in cabinet, because that is
what the constitution says, and we cannot operate outside the constitution.
Are you reducing the number of ministries?
Of course, the country is broke
There are talks that your government is too slow in addressing infrastructure?
Where is the money? You must have known that the Federal Government has to help 27 states out of 36 to pay salaries.
Nigeria cannot pay salaries; the Federal Government itself has to summon the Governor of Central Bank on how it could
pay salaries, not to talk of projects, agreements we signed with other countries on counterpart funding and so on.
Re: Nigeria Is Broke, Buhari Declares by adjoviomole(m): 8:05am On Nov 02, 2015
Nigeria is broke and yet u wer able to. Give wardrobe allowance.

Nigeria is broke, n yet monthly allocations have been shared till present without governors paying workers salary eg aregbesola.


Dis man no just vex me dis mrn o!


Una dey see pmb nw o! I dey warn am o!

1 Like

Re: Nigeria Is Broke, Buhari Declares by divinehand2003(m): 8:12am On Nov 02, 2015
#Nigeriaisbroke
The thread is open , oya comments pls
Re: Nigeria Is Broke, Buhari Declares by thankyouJesus(m): 8:17am On Nov 02, 2015
Nigeria is broke, Nigeria is broke, what are you doing about it? Stop dependind on oil generated revenues and start thinking of a way out of this mess.
You are the President for heaven sake. We want actions/results not talk and talk. #PVCnodeyexpiry.
Re: Nigeria Is Broke, Buhari Declares by EternalTruths: 8:36am On Nov 02, 2015
thankyouJesus:
Nigeria is broke, Nigeria is broke, what are you doing about it? Stop dependind on oil generated revenues and start thinking of a way out of this mess.
You are the President for heaven sake. We want actions/results not talk and talk. #PVCnodeyexpiry.

How can he think outside of oil since his people up North believe they own the oil down South cool
Re: Nigeria Is Broke, Buhari Declares by jordyspices: 8:56am On Nov 02, 2015
Nigeria is broke yet we sell oil everyday Nigeria is broke yet u wouldn't do anything abt it Nigeria is broke yet you spend so much money on aviation fuel Nigeria is broke dats why ur ministers have accepted to work for free Nigeria is broke that's why ipob want biafra Nigeria is broke yet we shall still survive amongs all odd angry
Re: Nigeria Is Broke, Buhari Declares by orisa37: 10:30am On Nov 02, 2015
If the Country is broke and you can't increase the Selling Price of oil, our main revenue earning Product freely at will, then, we must reduce general cost and stabilise the prices of all our minor products. In view of these, 1, Raise VAT to 10% now; 2, The CBN should bring Dollar to Naira down to 1 to 150; 3, Stop oil sudsidy payment 4, Remove VIOs from the road to allow free movements to SMEs. VIOs are a menace. 5, Stop all forms of double and multiple taxation by local and state Governments. State Governments should be content with their allocations and PAYE and local Government with their allocations and tenament rent and rates.
Re: Nigeria Is Broke, Buhari Declares by PsmartexLLB(m): 10:36am On Nov 02, 2015
orisa37:
If the Country is broke and you can't increase the Selling Price of oil, our main revenue earning Product freely at will, then, we must reduce general cost and stabilise the prices of all our minor products. In view of these, 1, Raise VAT to 10% now; 2, The CBN should bring Dollar to Naira down to 1 to 150; 3, Stop oil sudsidy payment 4, Remove VIOs from the road to allow free movements to SMEs. VIOs are a menace. 5, Stop all forms of double and multiple taxation by local and state Governments. State Governments should be content with their allocations and PAYE and local Government with their allocations and tenament rent and rates.


do u tink all dis can b achieve within his 4yrs term
Re: Nigeria Is Broke, Buhari Declares by Aromas: 10:45am On Nov 02, 2015
adjoviomole:
Nigeria is broke and yet u wer able to. Give wardrobe allowance.

Nigeria is broke, n yet monthly allocations have been shared till present without governors paying workers salary eg aregbesola.


Dis man no just vex me dis mrn o!


Una dey see pmb nw o! I dey warn am o!
Bros no vex ehn
Re: Nigeria Is Broke, Buhari Declares by orisa37: 2:03pm On Nov 02, 2015
They all can be achieved before the end of this year, if PMB is the Government for change and wants good money to work with!!!! Just raise the VATs now.

(1) (Reply)

Nigerians And Selfishness / Photos; Yakubu Dogara Visits Atiku Abubakar To Celebrate His 69th Birthday / Project Vehicles Are For Committee Work, Says Senate

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 64
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.