Lovelynature:
And the man has been going places and also silent on affairs of the nation, even when bubu and apc blame him on the slightest part of their cluelessness. That's a man of integrity.


My question is, who does Buhari blame on his cluelessness in 1984? GEJ also?

Abagworo:


Biko stop spreading lies authoritatively. Thank God for Internet.

http://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

http://www.pmnewsnigeria.com/2015/05/06/fg-borrows-n473bn-to-pay-salaries-okonjo-iweala/


The federal government has borrowed 473 billion naira to
meet up with recurrent expenditure including paying of
salaries while it is yet to release funds for capital projects.
According to Reuters, Nigeria has already used half the
borrowing allowance it has budgeted for and has not
released any funds for capital expenditure so far this year,
as lower oil prices eat into its revenues, the country’s
finance minister said on Tuesday.


“We have serious challenges,” Finance Minister Ngozi
Okonjo-Iweala said in an emailed statement. “Things have
been tough since the beginning of the year and they are
likely to remain so till the end of the year.”
The borrowed money has been spent to cover overhead,
including salaries, the minister said.
Lawmakers in Africa’s biggest economy and oil producer
last week passed a 4.49 trillion naira ($23 billion) budget
for 2015, 3.2 percent lower than last year’s spending plans.
It was forced to cut spending after global oil prices
slumped.


The budget took longer than usual getting through
parliament, worsening the cash squeeze, because of the
closely fought general elections in March, which saw
incumbent President Goodluck Jonathan defeated.
“As a result of the 50 percent decline in oil revenues, the
country has faced a difficult cash crunch … Out of the 882
billon naira budgetary provision for borrowing, the
government has borrowed 473 billion naira to meet up with
recurrent expenditure,” the finance ministry said.
Okonjo-Iweala had projected annual domestic borrowing
last year would fall to below 500 billion naira from 577
billion naira in 2013.


The borrowing requirement this year could crowd out
lending to the real economy, raising domestic interest rates
and yields on government bonds, which could hurt growth.
Forecasts for growth have already been lowered twice this
year.
The ministry said that inflation is still in single digits and
that the Nigerian economy is projected to grow by 4.8
percent this year.


Government revenues have shrunk sharply since oil sales
account for up to 80 percent of them and its currency, the
naira, has weakened drastically, despite the central bank’s
spending billions of U.S. dollars to prop it up.
The lack of funds for capital expenditure means badly
needed infrastructure development will be put on hold.
Funding for large projects such as bridges and roads had
already begun to dry up in 2014, forcing construction firms
companies with government contracts to cut back and fire
thousands of workers.

innocent1:
Na you write am? That write-up is called political campaign script. 80% were lies

raker300:
mehn, one year is enough to save money...how much has Buhari saved so far? GEJ saved more than 45billion dollars in the foreign reserve, thanks to Buhari it's now 20 billion. Buhari has blown through the cash in one year and has managed not to bring 1 naira...all he offers are lies and more lies.

Don't forget oil started falling during GEJ's time. Did he whine about it? No. He quickly found another route, agric revolution and it worked just fine..why don't you educate yourself son and stop acting out

Lovelynature:
And the man has been going places and also silent on affairs of the nation, even when bubu and apc blame him on the slightest part of their cluelessness. That's a man of integrity.


My question is, who does Buhari blame on his cluelessness in 1984? GEJ also?

Lovelynature:
And the man has been going places and also silent on affairs of the nation, even when bubu and apc blame him on the slightest part of their cluelessness. That's a man of integrity.


My question is, who does Buhari blame on his cluelessness in 1984? GEJ also?

whirlwind7:
Huh.
Thought the media said dude was lying low in Cote d'Ivoire?

sapiosexual1:
Propaganda got them in, it's what would take them through to 2019 cos we Nigerians are educated-illiterates.

clickwtB:
Last fuel boom,Saudi arabia saved 500billion dollars,Algeria 200 billion etc & Nigeria under great GEJ
Obj 8years didnt even build a modular refinery nor GREAT clueless one&Yar adua also not even 1 modular/tiny refinery!!!!
Billions of dollars gone down the drain !!! NOI/Deziani/Dasuki as agents.
NOI polls a fake research/opinion polls company created by Ngozi Okonjo Iwela to hoodwinks western and international finance organizations.

Abagworo:


It is clearly written there that Jonathans regime consumed all the income and borrowed 3billion Dollars ahead of Nigeria's limit of 5billion Dollars for 2015 without releading funds for capital projects. Buhari has reduced the rate of borrowing despite the further fall in oil price and reduced production from pipeline vandalism.

http://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

In the face of dwindling oil revenues,
Minister of Finance, Ngozi Okonjo-
Iweala, said the Federal Government
has borrowed about N473billion to pay
salaries and fund the 2015 budget.
The Minister, who was speaking in
Abuja on the details of the
N4.493trillion appropriation already
passed by the National Assembly, said
the federal government had to raise its
borrowing level from N570 billion to
N882 billion to enable it meet its
financial obligations to workers and
contractors.
The minister blamed it on the decline
in oil revenue in late 2014, which
accounted for 50 per cent cut in the
total federally collectible revenue as
well as the low revenue receipts from
non-oil sources.

Pringlez:

God bless you ma/sir!

raker300:
mehn, one year is enough to save money...how much has Buhari saved so far? GEJ saved more than 45billion dollars in the foreign reserve, thanks to Buhari it's now 20 billion. Buhari has blown through the cash in one year and has managed not to bring 1 naira...all he offers are lies and more lies.

Don't forget oil started falling during GEJ's time. Did he whine about it? No. He quickly found another route, agric revolution and it worked just fine..why don't you educate yourself son and stop acting out

funlord:






See the last picture! E be like say dem bin just receive news say them don nab that him principal private secretary wey bin dey help am loot!




Clueless dunce!

Lovelynature:
And the man has been going places and also silent on affairs of the nation, even when bubu and apc blame him on the slightest part of their cluelessness. That's a man of integrity.


My question is, who does Buhari blame on his cluelessness in 1984? GEJ also?

franciskaine:
don't mind those GEJ's praise-singers. I wonder our economic situation by now if GEJ had won the 2015 election. I'm yet to see anything spectacular done by GEJ as president of Nigeria.

clickwtB:
Last fuel boom,Saudi arabia saved 500billion dollars,Algeria 200 billion etc & Nigeria under great GEJ
Obj 8years didnt even build a modular refinery nor GREAT clueless one&Yar adua also not even 1 modular/tiny refinery!!!!
Billions of dollars gone down the drain !!! NOI/Deziani/Dasuki as agents.
NOI polls a fake research/opinion polls company created by Ngozi Okonjo Iwela to hoodwinks western and international finance organizations.

DONMAYOR19:
how far your Dullard ear? hope he can hear clearly now?




zombies be like

kennes10:
so twas during GEJ tym dat Nigeria xperienced oil boom God help Nigerian youths... we all wnt 2 b political analyst without reading