.

OVI75:

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

APC government is just lying and lying daily instead of facing the job of governance squarely.

They are no more opposition party hence propaganda only cannot do the job of running the country well. So far their government is a failure.

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

LOL, this is the most ignorant post I have read on Nairaland in years.

maclatunji: Nigeria’s $8b infrastructure deficit – Daily Independent | The Citizen

The recent disclosure by the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala that the nation needs US$ 8 billion annually to bridge the huge gap in the nation’s public infrastructure, and was keen on private partnership to meet the need hardly comes as a surprise. Speaking at the Public Private Partnership (PPP) stakeholders’ workshop organized by the African Development Bank (ADB), in Abuja.

Okonjo-Iweala said: “To fund infrastructure, Nigeria needs about $14billion every year, out of which $10 billion should come from the federal level…currently the country’s spending on infrastructure is about $6 billion.

So there is a big gap that needs to be filled. We are talking about something in the region of $8 billion. That is why PPPs are very important to Nigeria at the moment.”

It was quite obvious that the country would come to this crisis point. For several decades, the federal and state governments’ budgets for capital expenditure have been declining while recurrent expenditure has been on the rise.

The average government budget for capital expenditure has been about 25 percent. This has translated into less investment in building and maintenance of public infrastructure.

In fact, to say that the various administrations from the military era till date have not given adequate attention to the development of infrastructure in the country is an understatement.
Large decibels of public outcry for government to cut recurrent expenditure to free funds for infrastructural development, especially by reducing the cost of governance by, for instance, implementing the Oronsaye Report, fell on deaf ears.

At the moment, the nation’s infrastructure is grossly underdeveloped. Only 18 percent of the nation’s 197,000 kilometres of federal roads network which takes 90 percent of persons across the country is paved. The situation is worse for state and local government roads. The problem of the roads is worsened by poor maintenance.

The situation in public power generation and supply is still abysmal. The country currently generates only about 4000 MW of power which is less than 50 percent of demand. 86 percent of firms in the country still depend on diesel powered electricity generation sets to power 61 percent of their power needs, even after the privatization of the power sector.

The high cost of power generation forced on organizations by the inadequate public power supply has resulted in high cost of production which has made Nigerian goods uncompetitive.

Firms that could not cope have closed shop while many have relocated to neighbouring countries with stable power supply.

As at 2010, only 4 percent of the populace had ....

http://thecitizenng.com/public-affairs/nigerias-8b-infrastructure-deficit-daily-independent/

This gives you an insight into why any government will have to borrow to finance the projects that we will have to embark on to reduce our infrastructure deficit.

The good thing about this government's borrowing is that they are getting loans that will not consume us because of interest.

Interest rates are low or not even there.

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.

Do the research yourself or explain it since you have the knowledge about the topic.

Lazy people blame government and always relying government jobs when we know that there is no government jobs apart from government awarding contract when opportunities are their if you don't take advantage you loss.

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

Every debt repayment is always captured in the annual budget which 2016 budget wasn't an exception hence stop trying to sound clever.

The N6.1 trillion budget has almost 15 to 20% of it assigned to debt repayment.

maclatunji:


This gives you an insight into why any government will have to borrow to finance the projects that we will have to embark on to reduce our infrastructure deficit.

The good thing about this government's borrowing is that they are getting loans that will not consume us because of interest.

Interest rates are low or not even there.

If I may ask, what actually are you trying to prove?

Every recurrent or capital deficit including debt repayment not captured in the 2016 budget is inconsequential to implementation of N6.1 trillion budget which was signed by Mr President.

The funfair associated with presentation of N6+ trillion budget is all gone and what we now have are excuses.

Posterity is watching.

MadamExcellency:


If I may ask, what actually are you trying to prove?

Every recurrent or capital deficit including debt repayment not captured in the 2016 budget is inconsequential to implementation of N6.1 trillion budget which was signed by Mr President.

The funfair associated with presentation of N6+ trillion budget is all gone and what we now have are excuses.

Posterity is watching.

You are analyzing what you do not understand.

First of all define 'infrastructure deficit'. When you know the proper definition,, you will get it.

Watching...

How much are u bn paid. Go n preach patience to 1300 workers dat hv lost their jobs wit Aero Contractors. Ode

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 .

And to add to it : polio, ebola, tomato ebola, zika virus n dullardiosis wit Buhari as carrier

THUNDER4real:
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......

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

u be m.um.u

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

u dont ve food on ur table yet u are still living

The €1m question.

truthspeaks:
And to add to it : polio, ebola, tomato ebola, zika virus n dullardiosis wit Buhari as carrier

Just imagine "polio" that we are about to be declared free from. The Thunder that will fire APC and cohorts is still doing press up.

maclatunji:


You are analyzing what you do not understand.

First of all define 'infrastructure deficit'. When you know the proper definition,, you will get it.

In a bid to obfuscate the facts presented by the op, you jumped into the thread citing infrastructural deficit as if there was a time Nigeria was infrastructurally sufficient and this you did in order to bully those who never know that your submission is inconsequential to the thread.

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

Excellent thoughtfulness your comment gives e hope we have very intelligent and articulate people in this nation. it's a fantastic question begging on its knees for an asnwer.

The facts don't lie bro. More so many of these agencies remit funds continously with the TSA implementation so being broke shouldn't be an option anymore.. or am i wrong ?

eshietIntrepid:
Pls zombies should help us explain it better

enter farm

MadamExcellency:


Every debt repayment is always captured in the annual budget which 2016 budget wasn't an exception hence stop trying to sound clever.

The N6.1 trillion budget has almost 15 to 20% of it assigned to debt repayment.

I don't argue with those who can't make points without insulting Buhari but for the sake of clarity, this is buharis first budget, there are definitely debts and problems to be sorted financially

tuniski:

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

I don't argue with those who can't make points without insulting Buhari

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 .

By the time the patience will be meaningful will be when you've died off.

MadamExcellency:


In a bid to obfuscate the facts presented by the op, you jumped into the thread citing infrastructural deficit as if there was a time Nigeria was infrastructurally sufficient and this you did in order to bully those who never know that your submission is inconsequential to the thread.

Madam thumbs up dear.

GMBuhari:


I don't argue with those who can't make points without insulting Buhari

Good for u. There is no argument in the 1st place. Just insulate yourself cos mentioning the name buhari which is synonym for hardship pains u, u will hurt for long!

When will Buhari sleep n not wake up Cuz every single breathe he takes is a curse on Nigerians.

Millions lost thier jobs n is still loosing hunger retrogression hallmark of bubuhari n apc zombies govt of lies n fantastically corrupt president

MadamExcellency:


In a bid to obfuscate the facts presented by the op, you jumped into the thread citing infrastructural deficit as if there was a time Nigeria was infrastructurally sufficient and this you did in order to bully those who never know that your submission is inconsequential to the thread.

You still have not defined what it is O. How do you develop if you do not reduce the infrastructure deficit?