Standing5:
the "They" part of the equation is very complex. PDP/GEJ supervised the looting and wrong spending of excess earnings and wand APC/Buhari to take blame without seeking to recover stolen funds.

Stop spreading rumours, LIES and propaganda please.
Thanks.

FG, States, LGs Share N568.4 Billion for Oct



[img]http://cdn1.vanguardngr.com/wp-content/uploads/2015/09/412x247xOkonjo-Iweala-e1442838220305.jpg.pagespeed.ic.nz-K0adxSv.webp[/img]



Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that [size=14pt]the states had requested for $2bn[/size] to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

Biafrarep:
Thank You for that question. The Trouble with Nigerians is that they dont know when to draw a line between patriotism & sychophancy, for Gods sake this is the information age & knowledge is power, no government can ride rough shod over 170 million people when they speak with one voice on matters that affect everyone! Do you know what will happen when we take over D internet be it twitter, nairaland, lindaikeji, facebook & even physical protests etc to demand that legislators cut their emoluments, Buhari slashes Aso rock expenses on refreshments, decorations, BMW cars, presidential jets etc or even to querry why information ministry will have more money than that of Agriculture & Solid Minerals combined!! or to even demand the logic in wasting scarce resources in searching for oil in Borno at this time!!! The joke is on us!!

www.nairaland.com/attachments/3277784_fbimg1452093218973_jpegc10e9e69e640b4d758edf3c27e5a1dae

The common man is used to having "hard times" in Nigeria. HE dat is dannn, need fear of NO FALL!
SHE dat is low, NO PRIDE.

Abeggggg!!!!!!

Na who dem dey tell?

willywasco:
Says no devaluation of Naira for now
Governor of the Central Bank of Nigeria, Godwin Emefiele has urged Nigerians to brace up for the current economic realities as government would be forced to adopt some hard economic policies in line with the harsh economic environment as a result of low oil prices in the international market.
The CBN boss stated this yesterday during a press briefing at the bi-monthly Monetary Policy, MPC meeting in Abuja.
According to him, “It is imperative to brace up for a longer period of low government revenues from oil sources, which would necessitate hard and uncomfortable choices as the economy transits to more sustainable sources of revenue, consistent with the economic realities and strategic objectives of the country. In the circumstance, certain tradeoffs must be envisaged and duly accommodated.

- See more at: http://nigerianpilot.com/brace-up-for-hard-times-cbn-urges-nigerians/#sthash.PhoK4ncz.dpuf

Bad news from hell to already suffering masses, delivered by a detached CBN gov in collusion with the Buhari's Federal govt of negative change.

There is lifting up for those that are connected to kingdom economy.It is well.

Which hard tym x more Dan dix period again Turning Workers 2 beggers ! Owing dem 8-9mnt salaries while dey av kids @ ohm olxo...fear God coz nemesis will catch up wit yu ol

Gizer:
We are already experiencing hard time

Yes but this is new unprecedented version.

Nigeria go survive o Nigeria go survive !!..oya now let every body sing........

XaintJoel20:
Tell that to Buhari that budgeted 1.7 billion naira for feeding.

Can you tell us how much GEJ budgeted so that we can do the comparism?

E get any time wey simple since I was born in this country...notin new under the sun

Hahaha I remember one bros saying now many babe's go turn olosho u can even bang dem in their rooms now many dude go take room do chalet

clefstone:
Bring back Ngozi Okonjo Iwealla

Iweala that could not diversify the economy during oil boom when it was USD140
Iweala that borrow to pay FG workers till the end of GEJ's tenure despite oil booming - http://www.pmnewsnigeria.com/2015/05/06/fg-borrows-n473bn-to-pay-salaries-okonjo-iweala/
Iweala that knew that the new administration will face serious challenges as a result of excessive looting and maladministration - http://www.mynewswatchtimesng.com/tough-economic-challenges-remain-till-year-end-says-okonjo-iweala/.

Wise up bro.

hopilo:
[s]We did not experience hard times during GEJ reign. This is what this publication by CBN just affirm.

[/s]

Who said this - http://www.mynewswatchtimesng.com/tough-economic-challenges-remain-till-year-end-says-okonjo-iweala/

When FG started to borrow money to pay workers (re-current expenditure), is that not an indication that economic crises has begun already? See Iweala's assertion here - http://www.pmnewsnigeria.com/2015/05/06/fg-borrows-n473bn-to-pay-salaries-okonjo-iweala/

Gelengelen:
Jonathan we nigerians are very sorry. We were wrong about you ooooooo.


This cow from daura want to kill us finish oooo

This is what you don't understand. Even if he had won, he would do the same, maybe even worse. The free money from oil to manage the economy is gone. So the next thing is to collect money from the citizenry, or run to IMF to borrow loans.

ladyF:
Abegi!!! Nothing like brace up for hard times, the hard times have always been here for we the poor masses

My own is that that 50 naira charge is too much for me. Make them cancel am biko. How much go remain after them remove 50 naira from my account 10 times? Na minus tins be dat na

It's [size=15pt]LadyF[/size] again

poor?gimme ur acc details

clefstone:
Bring back Ngozi Okonjo Iwealla

No, Arewa and Ewedu said she is a criminal..

Naughtysite:


No, Arewa and Ewedu said she is a criminal..

The irony of it is that PDP/GEJ supervised the looting and wrong spending of excess earnings USD140, but want APC/Buhari to take blame. As a qualified Minister of Finance, how has she diversified our economy during booming to cater for period of scarcity like this?

Don't be deceived, Iweala knew the problem the last administration has created: she has said it even before she left the office - http://www.mynewswatchtimesng.com/tough-economic-challenges-remain-till-year-end-says-okonjo-iweala/

Ephemmm:


Iweala that could not diversify the economy during oil boom when it was USD140
Iweala that borrow to pay FG workers till the end of GEJ's tenure despite oil booming - http://www.pmnewsnigeria.com/2015/05/06/fg-borrows-n473bn-to-pay-salaries-okonjo-iweala/
Iweala that knew that the new administration will face serious challenges as a result of excessive looting and maladministration - http://www.mynewswatchtimesng.com/tough-economic-challenges-remain-till-year-end-says-okonjo-iweala/.

Wise up bro.

iwealla during whose tenure Nigeria became the biggest economy in Africa and who Richard Quest called the greatest finance minister Nigeria has had. I am already wise u know

Nigeria has always been in a state of recession so nothing new here.

ladyF:
Abegi!!! Nothing like brace up for hard times, the hard times have always been here for we the poor masses

My own is that that 50 naira charge is too much for me. Make them cancel am biko. How much go remain after them remove 50 naira from my account 10 times? Na minus tins be dat na

It's [size=15pt]LadyF[/size] again

How you come de use current account when you poor?

Brace up for what hard time

Have we ever been on good time before

They care only about demselves...

Pathetic leaders.....

clefstone:
iwealla during whose tenure Nigeria became the biggest economy in Africa and who Richard Quest called the greatest finance minister Nigeria has had. I am already wise u know

The fact that Nigeria has the biggest economical prospect does not relate with what I mentioned earlier. I am not one of those who believe in theoretical analysis, which is devoid of pragmatic tendency.

In academic setting, ability to memorize and download during exam has precedence, but it has nothing to do with ability to reason well and apply what you study when the chips are down.

Nigeria has been the giant of Africa in almost all aspect even since the days of military rule: get the fact.

Ephemmm:


The fact that Nigeria has the biggest economical prospect does not relate with what I mentioned earlier. I am not one of those who believe in theoretical analysis, which is devoid of pragmatic tendency.

In academic setting, ability to memorize and download during exam has precedence, but it has nothing to do with ability to reason well and apply what you study when the chips are down.

Nigeria has been the giant of Africa in almost all aspect even since the days of military rule: get the fact.

so many big grammer, little substance. Where was Nigerian entertainment industry during d military era, where was her agriculture or automobile industries.

Ngozi sold Nigeria's image as positive and we ripped the economic benefits. It's all about positive image and projections, not this dark gloomy image the apc govt is giving the world about Nigeria

kossyablaze:
poor?gimme ur acc details

lol
Acct name LadyF.

Thanks so much. God go do am for me sha, my story go soon change

make una kuku kill us den

Ephemmm:

Can you tell us how much GEJ budgeted so that we can do the comparism?

Have you tried checking it up on Google I do not mean to be arrogant...

ladyF:

lol
Acct name LadyF.

Thanks so much. God go do am for me sha, my story go soon change

lol

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