kenonze:
Odikwa very risky

wachakuta:
The Ministers ve submitted thier plans.... time for funding

IyaIode:
So long as it is not stolen or shared with state government


cc Ameachi



Hang an a minute, is this money for 2015?

DONSMITH123:


Not risky bro...

baralatie:

it means your budget for this year 2015 revenue is down by #2trillion as a result of subsidy payments and oil revenue shortfall.
it can't meet its #4.4 trillion target!

and they are proposing a fed budget of #8 trillion in 2016.
very funny!

Trut:
From GEJ's N882 Billion to N2.10 Trillion. APC go finish people for dis country ooo

DONSMITH123:

baralatie:

on the 17th Nov. a thread was opened concerning 40% proposal for capital projects in 2016 budget.the following was my view........................


" these guys have started again ooo! okay let me help you guys to understand all that English in naira and kobo.
1,right now the fg budget is #4.4trillion and the forecasted revenue is #3.6trillion with a deficit of #1trillion this is at a cost of $60-$65 per barrel.
excluding #4 trillion to be disbursed to states and l.g.a as revenue shared.
this budget has zero budget for subsidy!
2,fg currently
has #1.3trillion for capital budgets (guess why you can't see it.........)
3.with a present 20% of capital budget,you want to push it to 40%.it means (#2.6trillion)
4.(#4.4tr + #1.3=#5.7 trillion budget
5.#5.7tr-#3.6tr=#2.1trillion federal budget deficit alone
6.the federal budget is shared 53:47 ratio of oil to non oil.from #3.6 trillion oil receipts is #1.903trillion at $60-$65 per barrel (now with $40 per barrel)
total receipts is #1,1trillion and the fg is paying subsidy means addition ally reduction to less than #1trillion
7.remember the f.g budget is #5.7 trillion with #4.4 trillion to be disbursed to states and l.g.a
total re riots required is #10.1 trillion at #200 a dollar($50.6 billion).
8.and the op is mentioning 8 trillion for federal budget alone.it is A very talll figure if you understand the implication.
(Modify ) (Quote ) (Report) 1 Like (Share )
Re: 40 Per Cent Of 2016 Budget May Go To Capital Projects by........."








we have not entered 2016 and now fg is asking for #2.1trillion!!!

baralatie:

on the 17th Nov. a thread was opened concerning 40% proposal for capital projects in 2016 budget.the following was my view........................


" these guys have started again ooo! okay let me help you guys to understand all that English in naira and kobo.
1,right now the fg budget is #4.4trillion and the forecasted revenue is #3.6trillion with a deficit of #1trillion this is at a cost of $60-$65 per barrel.
excluding #4 trillion to be disbursed to states and l.g.a as revenue shared.
this budget has zero budget for subsidy!
2,fg currently
has #1.3trillion for capital budgets (guess why you can't see it.........)
3.with a present 20% of capital budget,you want to push it to 40%.it means (#2.6trillion)
4.(#4.4tr + #1.3=#5.7 trillion budget
5.#5.7tr-#3.6tr=#2.1trillion federal budget deficit alone
6.the federal budget is shared 53:47 ratio of oil to non oil.from #3.6 trillion oil receipts is #1.903trillion at $60-$65 per barrel (now with $40 per barrel)
total receipts is #1,1trillion and the fg is paying subsidy means addition ally reduction to less than #1trillion
7.remember the f.g budget is #5.7 trillion with #4.4 trillion to be disbursed to states and l.g.a
total re riots required is #10.1 trillion at #200 a dollar($50.6 billion).
8.and the op is mentioning 8 trillion for federal budget alone.it is A very talll figure if you understand the implication.
(Modify ) (Quote ) (Report) 1 Like (Share )
Re: 40 Per Cent Of 2016 Budget May Go To Capital Projects by........."








we have not entered 2016 and now fg is asking for #2.1trillion!!!

PPAngel:

[size=18pt]Buhari Set To Cancel Strategic Chinese Direct Investments In Place Of IMF Loans.[/size]

The concluded WEF held in Abuja in May, 2014 saw China unveil a $42bn investment over the next 10yrs in the African continent with Nigeria expected to gulp the highest share of over $30bn in direct infrastructural investment, energy sector and manufacturing.


With the emergence of the newly appointed Colonial Governor of the Royal Niger Company aka Nigeria, expect to see Buhari cancel outrightly all Chinnese direct investments in preference to western loans from the IMF, World Bank and Paris Club.

Off course, all the newly borrowed money will be diverted with nothing on ground to show for it but debt for the next 40years.

Change Change Change!

[size=18pt]Blame SW APC for impending economic recession and Bank failures[/size]

The only solution Buhari and the APC will sell to you is an IMF loan.

Rather than look at ways to promote local production to prevent wastage of our low forex reserves this administration will borrow to pay the rent on importing finished goods.

To show the total lack of sincerity by the APC led government, Buhari dipped into our low forex reserves to bailout States that are seriously indebt due to the ineptitude and corrupt ways of their respective governors.

This same debts where sourced from banks and the states are poised to default sooner or later. Remember that the liquidity taken out of circulation in granting this debt facility to states with nothing to show for ought to have been made available to genuine small and medium businesses to promote real growth! The rescheduling of the debt repayments was also outlined as one of the measures to help the states out. Now this means that lending interests rates will surely soar.But by far the most silly thing about this bailout is that after dipping into our forex reserves to bail the states the CBN can not meet up with forex demands thereby putting more pressure on the naira which inevitably has since seen inflation rates soar.

This is change for you!

DONSMITH123:



my guy am just suprise as well. but come o...are we not in November already? why not wait till next year?

PvtParts2:

[size=18pt]Buhari Heads To Washington To Conclude Details Of An IMF Loan Package[/size]

Why was the US against Jonathan?

Jonathan in the wake of the crashing dollar decided to diversify Nigeria's foreign reserves which was based on dollars to other currencies especially the Chinese RMB. Jonathan was also pushing the BRIC agenda in Africa.

So why will this bother the great United States? Because the United States needs other poor countries to accept their worthless paper currencies in other to shore it. With more countries dumping the dollar you can expect the dollar to revert to it's original value - paper!

It is through this heavily artificial wealth that the US has maintained its global hegemony in global economic affairs.

The two most vocal leaders in our time who voiced opposition to the dollar being the global currency are since long dead - Gaddafi of Libya and Chavez of Venezuela who was poisoned with a Cancer Virus.

The US crashed oil prices with the help of Saudi Arabia which up till now is still pumping more oil than is needed in the international market. If you think this is mere conspiracy theory then read this http://foreignpolicy.com/2015/06/03/saudi-arabia-takes-out-its-energy-weapon-opec-russia-putin-iran-oil/. It details how the Saudis on the behest of the US was able to usher in a regime change in Iran by flooding the energy market with cheap oil.

It doesnt stop there, the US also blocked all imports of Nigeria crude to further cripple the Nigerian govt of much needed cash. The US detailed the rise of Shale oil but that wasn't the case as Shale oil production became financially nonviable in the wake of cheap Saudi crude. You must also note that US energy demand has been dropping considerably since the last decade and this is not due to shale, excess crude or US reserves coming up stream but the simple fact that the US is still much in a very painful recession. The only thing the US has now is the dollar - take out the dollar and see the rot behind the capitalist fraud.

Obama was so desperate to get rid of Jonathan that he even loaned his personal campaign manager to Buhari and did all he could to promote Boko Haram insurgency in the north by blocking much needed military hardware to the Nigerian Army.

PvtParts2:
The "Nigeria is broke" lie

The current administration has a way of testing the waters when it comes to controversial issues such as negotiating an amnesty package for Boko Haram. This is exactly how they want you to believe that Nigeria is so hopelessly broke and that only solutions to cushion the effects will be:

1. Downsizing the public sector leading to mass unemployment

2. Privatization of Govt assets ( to be sold to western firms of course)

3. Further devaluation of the naira

4. Opening up of the economy to all manner of western goods including food.

5. Taking out an IMF loan package that will not in any way benefit the common man but will end up stashed in a western bank in Zurich thereby ensuring trans-generational poverty and enslavement to a corrupt loan package.

6. The loan which will be drawn out in dollars will ensure we work for the next 40 years trying to repay in dollars thereby enslaving us to the dollar. And with devaluation expected we will have to work 5 times much as we did to repay 1 dollar that is loaned.

This is the deal.

The APC and Buhari are set to sell us into slavery to the west.