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Nairaland Forum / Nairaland / General / Politics / Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust (11310 Views)
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Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by BeeBeeOoh(m): 3:03am On Dec 15, 2016 |
The 2017 budget of N7.298 trillion presented by President Muhammadu Buhari to the National Assembly yesterday will be funded more by non oil revenues. http://www.dailytrust.com.ng/news/general/oil-to-fund-27-of-n7-3tr-2017-budget/176035.html 1 Like 2 Shares
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Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by BoleynDynaSTY(f): 3:46am On Dec 15, 2016 |
BeeBeeOoh, you no dey ever sleep? I'll read when I wake up 1 Like |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by aleguce: 3:52am On Dec 15, 2016 |
. 11 Likes 1 Share |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Chaleeee: 3:55am On Dec 15, 2016 |
What will fund the rest? Debt? 15 Likes 3 Shares |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Omudia11: 4:15am On Dec 15, 2016 |
Good 1 Like |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by krasican(m): 4:22am On Dec 15, 2016 |
The sum of N15 billion has been provided for the recapitalization of the Bank of Industry and the Bank of Agriculture. In addition, the Development Bank of Nigeria will soon start operations with US$1.3 billion focused exclusively on Small and Medium-Sized Enterprises.” As part of efforts to fast-track the modernization of the railway system, he said, the sum of N213.14 billion has been allocated as counterpart funding for the Lagos-Kano, Calabar-Lagos, Ajaokuta-Itakpe-Warri railway, and Kaduna-Abuja railway projects. “Across the country, our farmers, traders and transporters are seeing a shift in their fortunes. Nigerians who preferred imported products are now consuming made in Nigeria products. From Argungu in Kebbi to Abakalaki in Ebonyi, rice farmers and millers are seeing their products move. “We must replicate such success in other staples like wheat, sugar, soya, tomato and dairy products. Already, the Ministry of Agriculture and Rural Development, the Central Bank of Nigeria, the Organised Private Sector and a handful of Nigerian commercial banks, have embarked on an ambitious private sector-led N600 billion program to push us towards self-sufficiency in three years for these products,” he said. He said the country’s partnership with Morocco on fertiliser production would create thousands of jobs and save Nigeria US$200 million of foreign exchange and over N60 billion in subsidy. 15 Likes 2 Shares |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by talktonase(m): 4:23am On Dec 15, 2016 |
I still cant believe anything this govt is promising... 9 Likes 1 Share |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by EternalTruths: 4:58am On Dec 15, 2016 |
Does Buhari really know the solution to Nigeria economic crisis he created. A nation in recession increasing taxes and interest rates is like a madman with a lighter in a gas station Just pray he doesn't light the gas station 18 Likes 1 Share |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by ificatchmodeh: 5:43am On Dec 15, 2016 |
Bubu and his cohorts keep deceiving gullible nigerians. Una know go talk true make we know au we fit contribute ideas help. No just d feel this government..no vibe..nothing!e just dull. To many stories and blunders.. Besidethis. Budget na for election 2019..see 5 Likes 1 Share |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by BeeBeeOoh(m): 5:43am On Dec 15, 2016 |
BoleynDynaSTY:Na Fashola cause am nah, light no dey & mosquitoes were doing their 9 lessons & carol on me 1 Like |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Atiku2019: 6:16am On Dec 15, 2016 |
I'm Observing........... 4 Likes
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Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by BoleynDynaSTY(f): 6:17am On Dec 15, 2016 |
BeeBeeOoh: @ carol of 9 lessons... Sorry dear 4 Likes 2 Shares |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by seunmsg(m): 6:21am On Dec 15, 2016 |
The budget looks great on paper, nice projections and ideas, the devil is always in the implementations. But then, this is the second budget to be implemented by this government, we expect them to be more experienced and knowledgeable about the process now. No more execuses this time around, they must deliver 90%-100% of all the set targets for the 2017 budget. 8 Likes |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Abdhul(m): 6:22am On Dec 15, 2016 |
'some peopl will not like this news' 4 Likes 1 Share |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Yello1(m): 6:24am On Dec 15, 2016 |
I just dey imagine life in 2017. If u agree with me that it will be well with us in naija just click like here. However i know say after dem increase d price of data next year only federal government itself go dey read its news and wil go dey here den we no go press like or click like talkless of share, na to only shake head we go fit do cos that one no go need data. 8 Likes |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by edoyad(m): 6:28am On Dec 15, 2016 |
I can See Amaechi and Fashola are getting the lion share of the budget which is in line with the repayment plan for the loan they gave to the President's 2015 election team. Anyways, defence is getting a paltry 150bn , is that ? After another colonel is killed in Borno come and flood our screens with your populist hypocrisy. 6 Likes 1 Share |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Beadex1(m): 6:30am On Dec 15, 2016 |
my own is that, let light improve ooooo or else it will be a rocket science |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Blue3k(m): 6:47am On Dec 15, 2016 |
Lots of writing. The borrowing counts for about N2.3 trillion. Revenue generated N4.94 trillion. There plans sound good. Let them also focus on ease of doing business and they will get good results. 2 Likes |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by MrEverest(m): 6:50am On Dec 15, 2016 |
While the rest comes from borrowing. This country is finished! 2 Likes 1 Share |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Blue3k(m): 6:54am On Dec 15, 2016 |
MrEverest: Lol you stopped reading at the headline. Here let me help you headline junkie. The aggregate revenue available to fund the federal budget is N4.94 trillion. The budget has a deficit of N2.36 trillion 1 Like |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by BeeBeeOoh(m): 7:08am On Dec 15, 2016 |
BoleynDynaSTY:My dear e no funny at all. My ears is still full of sweet melodies from different languages 1 Like |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by momentarylapse: 8:56am On Dec 15, 2016 |
Good! The oil belongs to the country so it is the right thing to do! Other resources should be exploited and the revenue accrued from them should also be used for implementation! 2 Likes |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by ThumbzTNA(m): 8:59am On Dec 15, 2016 |
Oil to fund 27% of the budget while Buhari borrows the remaining 73% 1 Like |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by nickxtra(m): 9:32am On Dec 15, 2016 |
Gradually moving away from heavy reliance on oil to fund our budgets. We shall get to a minimum 10% soon. 5 Likes |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Blue3k(m): 10:13am On Dec 15, 2016 |
ThumbzTNA: Lol you headline junkies need to take up the art of reading the article. If your attention span not long enough try reading the graphic the op provided. Nigeria is borrowing about 32%. The aggregate revenue available to fund the federal budget is N4.94 trillion. The budget has a deficit of N2.36 trillion 4 Likes |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by ThumbzTNA(m): 10:15am On Dec 15, 2016 |
Blue3k: Guilty as charged |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Nobody: 10:21am On Dec 15, 2016 |
Stories |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Stalwert: 10:55am On Dec 15, 2016 |
Blue3k: GBAM laziness has reduced the Nigerian youths. to nothings 1 Like |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Stalwert: 10:59am On Dec 15, 2016 |
Atiku2019: Just gayzing you mean |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by limeta(f): 11:01am On Dec 15, 2016 |
Lagos oil i hope. |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by Icecomrade: 1:51pm On Dec 15, 2016 |
Do I care? Nigerians budget is prepared on paper. Read from the paper Implemented on the paper. Just some smart guys putting figures together for Nigeria governments And collecting huge allowances. Ask them percentage implementation of 2016 budget, they will quote figure. Am way above those charades now 2 Likes |
Re: Oil To Fund 27% Of N7.3tr 2017 Budget - Daily Trust by ItsawrapOutfit: 1:51pm On Dec 15, 2016 |
27%? That's reasonable |
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