FG Approves more external borrowings, says it will boost the dwindling economy
The question is why borrowing when they claimed to have saved
N2.6trn through TSA(http://thenationonlineng.net/govt-realises-n3tr-tsa-says-systemspecs/)
N1.4trn from Subsidy (
https://dpr.gov.ng/index/nigeria-saves-n1-4-trillion-from-subsidy-removal/)

N3.2trn from recovered loot
N665bn from stamp duty
N1.1trn from custom
N2.6trn from Tax revenue
N2.7trn from crude oil
The list is endless.
According to various reports by FG the total fund generated so far FG is above N13.2trns.
Remember the 2016 budget is N6.4trn.
How come FG is still borrowing to Fund N6.4trn Budget when it has generated over N13.2trn

But, We are just asking Buhari to put food on our table

Pls zombies should help us explain it better

Abi GEJ is Still looting.....?

OVI75:
FG Approves more external borrowings, says it will boost the dwindling economy
The question is why borrowing when they claimed to have saved
N2.6trn through TSA
N1.4trn from Subsidy
N3.2trn from recovered loot
N665bn from stamp duty
N1.1trn from custom
N2.6trn from Tax revenue
N2.7trn from crude oil
The list is endless.
According to various reports by FG the total fund generated so far FG is above N13.2trns.
Remember the 2016 budget is N6.4trn.
How come FG is still borrowing to Fund N6.4trn Budget when it has generated over N13.2trn

Dat is ehn!! I jus tire ooo

And the great mathematician here did not calculate government's spendings off the book, the probability that some debts owed are being paid and the extra bailout among other possibilities

[

quote author=OVI75 post=49003423]


why borrowing when they claimed to have saved

N2.6trn through TSA
N1.4trn from Subsidy
N3.2trn from recovered loot
N665bn from stamp duty
N1.1trn from custom
N2.6trn from Tax revenue
N2.7trn from crude oil


According to various reports by FG the total fund generated so far FG is above N13.2trns.
Remember the 2016 budget is N6.4trn.
How come FG is still borrowing to Fund N6.4trn Budget when it has generated over N13.2trn

[/quote]

GMBuhari:
And the great mathematician here did not calculate government's spendings off the book, the probability that some debts owed are being paid and the extra bailout among other possibilities

I guess U Didn't Read up to Where i Subtractd the Entire Budget.BTW those Figures Are Tabled as Presented by APC Government. I didn't do the calculation,they Did and Announced at various intervals ofcus to continue their game of deceit.

This is d multi million Naira question d APC must answer. At Op pls crop and paste d relevant sources for d above figures so that this wonderful question can earn a FP. APC shd be grateful for d PDP who offered them d opportunity of recovering the loots just that their own relooting frequency is just too astronomical.

Interesting thread

The'll still say they are borrowing to pay back GEJ's debts.





I wonder why his security officials havent hit him with accidental discharge

This should be on the front page

There something you guys don't understand,most of these money recovered from looters are still under litigation therefore government can not touch it.

And all these monies generated as revenue are yet to be properly remitted to CBN.

In public procurement act,the government can not disburse fund for any project until after 6 months.

Let's be patient with our government .

samguru:
There something you guys don't understand,most of these money recovered from looters are still under litigation therefore government can not touch it.

And all these monies generated as revenue are yet to be properly remitted to CBN.

In public procurement act,the government can not disburse fund for any project until after 6 months.

Let's be patient with our government .

Paid agent Spotted, Pls Go and Preach That Sermon To All Persons Who Loose their Jobs daily. Not me

APC should take Nigeria back to where it was wen PDP was ruling.
Enof is Enof!

OVI75:
Abi GEJ is Still looting.....?

D money z nt 4 use nau dnt u knw..it is 4 sharing

samguru:
There something you guys don't understand,most of these money recovered from looters are still under litigation therefore government can not touch it.

And all these monies generated as revenue are yet to be properly remitted to CBN.

In public procurement act,the government can not disburse fund for any project until after 6 months.

Let's be patient with our government .

What about the TSA ? . The rest of your excuses are just watery.

samguru:
There something you guys don't understand,most of these money recovered from looters are still under litigation therefore government can not touch it.

And all these monies generated as revenue are yet to be properly remitted to CBN.

In public procurement act,the government can not disburse fund for any project until after 6 months.

Let's be patient with our government .

Taaaaaaaa pheem ya mouth dia... Listen to ya self again and decide if u actually made sense to urself first. Which of d recovered moni is still under litigation? D imaginary DasukiGate case dat is d more u look d less u see abi!? What about d secret refunds d govt claimed were made by govt officials and other public office holders, dat one too is in court abi? D so-called huge revenue generated is still too hot abi and as such cannot b touched abi? Why exactly have some of U decided to b stingy to urselves wit d sense dat was generously given to u?? Atleast use it for ur own gud if not for d gud of others.

They can only deceive those who want to be deceived.

chemicalDisease:
APC should take Nigeria back to where it was wen PDP was ruling.

Enof is Enof!

At least then Nigerians did not complain of hunger to this level, we complained only of Boko boys, but this time around we are complaining of Boko boys, HUNGER, Ipob, Fulani herdsmen, Militancy......

3D mode...




still watching

So why are they borrowing?

APC and scam are like banana, and groundnuts.

They should come out and explain to everybody o. Even me self, I'm confused.

OVI75:
FG Approves more external borrowings, says it will boost the dwindling economy
The question is why borrowing when they claimed to have saved
N2.6trn through TSA(http://thenationonlineng.net/govt-realises-n3tr-tsa-says-systemspecs/)
N1.4trn from Subsidy (
https://dpr.gov.ng/index/nigeria-saves-n1-4-trillion-from-subsidy-removal/)

N3.2trn from recovered loot
N665bn from stamp duty
N1.1trn from custom
N2.6trn from Tax revenue
N2.7trn from crude oil
The list is endless.
According to various reports by FG the total fund generated so far FG is above N13.2trns.
Remember the 2016 budget is N6.4trn.
How come FG is still borrowing to Fund N6.4trn Budget when it has generated over N13.2trn

Do research on how much Nigeria's infrastructure deficit will cost to address and you will know that this figure you are quoting is a joke compared to the amount.

OVI75:

Paid agent Spotted, Pls Go and Preach That Sermon To All Persons Who Loose their Jobs daily. Not me

Someone was trying so hard to educate your ignorance, you are spewing thrash.

You need help

op you forgot the 1.4trn saved from fuel subsidy removal.

maclatunji:


Do research on how much Nigeria's infrastructure deficit will cost to address and you will know that this figure you are quoting is a joke compared to the amount.

Very silly, they are all covered in the budget and the revenue so far exceeds the budget itself, so stop all these meaningless thrash.

GMBuhari:
And the great mathematician here did not calculate government's spendings off the book, the probability that some debts owed are being paid and the extra bailout among other possibilities

Poor defense why didn't u give the total of such since u can factored that for this useless govt.

samguru:
There something you guys don't understand,most of these money recovered from looters are still under litigation therefore government can not touch it.

And all these monies generated as revenue are yet to be properly remitted to CBN.

In public procurement act,the government can not disburse fund for any project until after 6 months.

Let's be patient with our government .

Are the ones saved in TSA and subsidy removal also under litigation?