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Sanusi Lamido Is A Liar. Lawmakers - Politics - Nairaland

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Sanusi Lamido Is A Liar. Lawmakers by realmen: 3:09am On Nov 30, 2010
Who is lying? grin

Bankole also faulted a newspaper report attributed to the Central Bank Governor, Sanusi Lamido Sanusi that the National Assembly gets 25% of the annual budget, saying, "the total budget is N4.6 trillion and the national Assembly get a N100 billion. By my calculation, that amount to 2.5% and I am praying that he was misquoted.”

Meanwhile, a fuming Senate yesterday accused the Sanusi of attempting to spite the National Assembly. The Senate spokesman, Senator Ayogu Eze said at a press conference in Abuja that the lawmakers may be compelled to summon Sanusi to come and explain his statement. The lawmakers also demanded immediate retraction by Sanusi and with apology.

He said it was untrue that 25 per cent of the recurrent over head budget of the federation goes to the National Assembly. “I find that rather very curious, in the sense that even before going to the press, the respective newspapers should have pulled a copy of the amended approved budget for the year and did the calculation for themselves.

“This was not the case and what we saw in the paper this morning, some were giving the indication that the national assembly has crippled the economy. That the national takes 25 percent of the entire budget of the federation, and so on so forth, all the papers took it from angles that cut their fancies. I want to state categorically that that is not true. The total budget figure for the year 2010 as amended is N4, 427, 184, 596, 534. That is the entire budget of the federation.”

http://www.leadershipeditors.com/ns/index.php?option=com_content&view=article&id=20387:civil-servants-most-corrupt--bankole&catid=51:cover-stories&Itemid=101
Re: Sanusi Lamido Is A Liar. Lawmakers by MaiSuya(m): 3:17am On Nov 30, 2010
I have to admit that the figure is pretty scary: 25% of our budget on just the lawmakers? that would be daylight robbery!!

its most likely an error.

it will be interesting to see how this unfolds.
Re: Sanusi Lamido Is A Liar. Lawmakers by realmen: 3:22am On Nov 30, 2010
By Ben Agande & Inalegu Shaibu
ABUJA — The Senate, yesterday, reacted to the statement credited to the Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, that the 25 per cent of the national budget is expended on the National Assembly, saying the statement was part of an orchestrated campaign to tarnish the image of the National Assembly.

Chairman of the Senate Committee on Information and Media and spokesman for the Senate, Senator Ayogu Eze, who addressed Senate correspondents said the Governor of the Central Bank might be summoned to provide further clarification on the statement attributed to him.

The CBN governor was quoted in the media as saying that the situation whereby 25 per cent of the country’s revenue spending yearly goes to the National Assembly is unhealthy for the country and its economy.

But in his reaction yesterday, Ayogu said the statement credited to the Governor of the CBN was not only mischievous but embarrassing and calculated to tarnish the image of the National Assembly.

According to him, “the total budget figure for the year 2010 as amended is N4,427,184,596, 534. That is the entire budget of the federation. And the entire budget of the National Assembly, including the Senate, the House of Representatives, the National Assembly Service Commission, our legislative aides and all the entire current and capital expenditure for the year 2010 is N158,916,167,627.

What we have is N4.427 trillion for the entire federation and what the National Assembly gets is N0.158 trillion which is 3.5 percent of the entire budget of the federation. So where is the mathematics of the 25 percent coming from?

“I think that this is not only mischievous, it is calculated to tarnish the image and reputation of the National Assembly and it is part of the orchestrated assault, verbal and sometimes physical, against the National Assembly by some misinformed people who do not wish the National Assembly well.”

http://www.nigeriamasterweb.com/paperfrmes.html
Re: Sanusi Lamido Is A Liar. Lawmakers by egift(m): 4:12am On Nov 30, 2010
Sanusi is a senior player in the current league of Voodoo Economists we are seeing Nigeria today. Tomorrow Sanusi will tell us that is not what he said. If GEJ can deny his own FB post - then Sanusi can.

Why call Mr President - he don't have a plan for us and have been retaining this Voodoo Economists (Niaja political vocab just the expand daily) grin grin grin
Re: Sanusi Lamido Is A Liar. Lawmakers by 9ijaMan: 4:16am On Nov 30, 2010
You guys are reading the wrong statements and getting it all wrong. Sanusi stated that these lesgilathives get 25% of the recurrent expenditure portion of the national budget. That figure is surely different from 25% of the whole budget.
Re: Sanusi Lamido Is A Liar. Lawmakers by Kobojunkie: 4:26am On Nov 30, 2010
“If you look at the budget, [size=13pt]the bulk of government spending is revenue; revenue expenditure[/size].

[size=13pt]That is a big problem; 25 per cent of overhead of Federal Government goes to the National Assembly. We need power, we need infrastructure, so we need to start looking at the structure of expenditure and make it more consistent with the development initiative of the country,” he stressed.[/size]

Speaking at the eighth convocation ceremony of Igbinedion University Okada, Edo State, on the topic: Growth prospects for the Nigerian economy, at the weekend, the CBN governor  said Nigeria’s greatest problem was the importation of what it produced and exportation of what it did not produce.

“The solution to Nigeria’s problem is not in the interest  of a very few group of people who have held the country to ransom. The answer lies in every Nigerian simply standing up to this group that enough is enough.

https://www.nairaland.com/nigeria/topic-558949.0.html
Re: Sanusi Lamido Is A Liar. Lawmakers by egift(m): 4:58am On Nov 30, 2010
9ijaMan:

You guys are reading the wrong statements and getting it all wrong. Sanusi stated that these lesgilathives get 25% of the recurrent expenditure portion of the national budget. That figure is surely different from 25% of the whole budget.

Stop making excuses for him. He failed a simple mathematics. He missed were the decimal should have been. That he have been calculating our banking regulations grin grin grin
Re: Sanusi Lamido Is A Liar. Lawmakers by vanitty: 5:06am On Nov 30, 2010
egift:

Stop making excuses for him. He failed a simple mathematics. He missed were the decimal should have been. That he have been calculating our banking regulations grin grin grin

Are you trying to score cheap points or actually learn something.

Sanusi clearly was referring to the recurrent expenditure.
Re: Sanusi Lamido Is A Liar. Lawmakers by homerac7: 5:56am On Nov 30, 2010
9jaman & Kobojunkie,

Tnx for d clarification. I hav seen hw a lot of times people get facts wrong because a salient adjective Ws ignored. It makes better sense wt ur explanations. I only recently talked on hw aganga took everyone on a fool ride recently when he claimed d budget implementation is doing great because 70% of RECURRENT has been implemented while its about 30% for capital. In other words, paying all d salaries and allowances wtout funding developmental projects effectively is success to him. Unfortunately, many missed d point.

Even wt d clarification, its still an indictment dt 3.5% of total budget and 25% of overhead is on national assembly. It's just too expensive and unsustainable.
Re: Sanusi Lamido Is A Liar. Lawmakers by MaiSuya(m): 10:42am On Nov 30, 2010
“If you look at the budget, the bulk of government spending is revenue; revenue expenditure.

That is a big problem; 25 per cent of overhead of Federal Government goes to the National Assembly. We need power, we need infrastructure, so we need to start looking at the structure of expenditure and make it more consistent with the development initiative of the country,” he stressed.

The national assembly spokesman apparently was not referring to the total budget:

[b]He said it was untrue that 25 per cent of the[size=14pt] recurrent over head budget [/size]of the federation goes to the National Assembly.  “[/b]I find that rather very curious, in the sense that even before going to the press, the respective newspapers should have pulled a copy of the amended approved budget for the year and did the calculation for themselves.

KAI! these ppl wan scatter person head. abeg, economists in the house, help out here: what if any is the  difference btw recurrent and overhead?

secondly what percentage of total budget is recurrent?
Re: Sanusi Lamido Is A Liar. Lawmakers by Nobody: 10:50am On Nov 30, 2010
Its so sad.
Re: Sanusi Lamido Is A Liar. Lawmakers by Nobody: 10:53am On Nov 30, 2010
These lawmakers should go back to secondary school to understand the difference between overheads and total budget. They've publicly displayed their ignorance and I pity this country if this is the qaulity of people that are charged with the responsibility of determining its future

Sanusi said 25% of overheads which is under recurrent expenditure (salaries and office running expenses).

The total budget consists of capital and recurrent expenditure. Our recurrent expenditure makes up well over half of our budget which shows that we pay more in salaries and running government than we spend on building roads, schools and other infrastructure that will lead to economic development.

And spending 3.5% of a country's national budget  on 450 people is callous, laughable and idiotic.

At 150 millon, 450 people is just 0.0003% of the population. Can't we see now that these guys are just bleeding the nation recklessly?
Re: Sanusi Lamido Is A Liar. Lawmakers by calyx: 11:18am On Nov 30, 2010
The Senate on Monday described the allegations by the Governor of the Central Bank of Nigeria, Lamido Sanusi, that the National Assembly consumes 25 per cent of the national budget, as baseless and unfounded.



Sanusi had alleged that 25 per cent of the recurrent overhead of the budget of the Federal Government was used to fund the National Assembly.



Spokesman for the Senate, Senator Ayogu Eze, said that the 25 per cent figure as supposed by Sanusi was misleading, as the National Assembly only got 3.5 per cent of the 2010 budget.



He said, “I want to state categorically that that is not true. The total budget figure for the year 2010 as amended is N4,427,184, 596,534. That is the entire budget of the federation. And the entire budget of the National Assembly, including the Senate, the House of Reps, the National Assembly Service Commission, our legislative aides and all the entire current and capital expenditure for the year 2010 is N158,916,167,627.



“If you reduce this to mathematics, what we have is N4.427tn for the entire federation and what the National Assembly get is N0.158tn which is 3.5 per cent of the entire budget of the federation. So where did the mathematics of the 25 per cent come from?



“I think that this is not only mischievous, it is calculated to tarnish the image and reputation of the National Assembly, and it is part of the orchestrated assault, verbal and sometime physical, against the National Assembly by some misinformed and some people who do not wish the National Assembly well, otherwise I do not see how that kind of figure can be bandied about by the governor of the Central Bank of Nigeria, if it is true that he said so.”



Eze noted that the reports credited to Sanusi portrayed the legislature as having crippled the economy, adding that the statement was embarrassing and directed towards dragging down the institution of the legislature.



He said, “This is pure fallacy. I do not know where this fabrication is coming from and he did say that the National Assembly has taken 25 per cent of all the overhead cost. And I want to state that the total overhead cost of the federation is N2,137,574,700,030.



“So even if you look at the whole budget of the National Assembly as a percentage of the entire recurrent of the federation, you cannot get 25 per cent no matter how you push this figure.



“My instinct is to believe that the governor of the Central Bank was misquoted and if he is not misquoted, we expect that he should retract this very fallacious and very damaging report with an apology because he does not have a foundation in facts.”



N158 billion is still 7.4% of the N2.1 trillion overhead, a far cry from 25% if you ask me.

So who is unintelligent here
Re: Sanusi Lamido Is A Liar. Lawmakers by mogentle(m): 12:09pm On Nov 30, 2010
This democracy is too costly though We know millitary is not okay.
I always imagine the number of roads that their salaries and allowances would construct across the country.
Bunch of fools. shocked shocked shocked shocked
Re: Sanusi Lamido Is A Liar. Lawmakers by otondo55: 1:10pm On Nov 30, 2010
bunch of fools !
Yes, 25% goes to them for lazing about.
Re: Sanusi Lamido Is A Liar. Lawmakers by spearman(m): 1:47pm On Nov 30, 2010
Legislators should be a part time job. They should be seated no more than 90 days a year. The more they meet the bigger the damages done to the Nation. Greeks and Romans were part time lawmakers and so are the American large states like Texas and Michigan with California to follow soon.

We need part-time legislators that will be paid only seating allowances. This system is unsustainable and will inevitably lead the military to come back.
Re: Sanusi Lamido Is A Liar. Lawmakers by orgasm(m): 1:55pm On Nov 30, 2010
i believe and trust the intelligence and integrity of lamido sanusi anytime. am sure he khows what hes saying.he is just being bold to tell d truth which is lacking in most us.
whichever way you look at it whether 25%,3.5% or 2.5% of overheads or total budgets,going by relative terms that the house of assembly is an entity of 450 nigerians in midst of over 150 million nigerians,they are just unfairly bleeding the nation to death. Their salaries,allowances,constituency(pockets) votes should be reviewed. Is dis not d same country where poor civil servants are asking for just 18 thousands for minimum wage and is not being implemented? Too sad! That day will come when our anger and hunger will overcome us and consume our fears and will make us take up whatever we can lay our hands on and fight for what is rightfully ours and kill all the unpatriotic bigots, Surely dat day will come.
Re: Sanusi Lamido Is A Liar. Lawmakers by GNBohr: 2:39pm On Nov 30, 2010
When there are issues of intelligence people should stop antagonising the person because of dislikes and disagreements. Sanusi raised a very important socio-economic issue and all some people can see is his person.

Lets look at it this way, assuming Sanusi is wrong with his 25% claim and the National Assembly through his spokeperson, Ayogu Eze is right with their claim of 3.5%. The issue is clear, the National Assembly is a drain pipe and one of the leakages in the economy that stalls infrastructural development.

Bankole even said it is 2.5%, so between 2.5% and 3.5% of the National Budget that just 450 people arrogates to themselves, one should then ponder what percentages goes to the critical elements of our National development like:

Education
Housing
Health
Security
Agriculture
Power
Roads, etc.

If National Assembly gets 3.5% of the national budget, that means in effect they get more than that figure when you realise that they still share as citizens in the benefits that accrue from budgetary allocations for education, housing, health, security, agriculture, power, roads, etc. if you extrapolate this you can begin to imagine how much 450 people have deprived the rest of the 150 million Nigerians.

Even if Sanusi lied or is even quoted out of context, he has assisted us to force the truth out of the beneficiaries of this political heist. Before Sanusi spoke most of us are not aware of this fact that our legislators are doing nothing but stealing through legislative recklessness what belongs to all of us.

This is in a country that workers had to down tool to force government to pay N18,000.00 minimum wage. This in a country where government always complain of lack of money for infrastructural development.

Nigerians should learn to begin to look at issues rather than personalities. It is a shame that some can come to the forum to begin to attack Sanusi for helping us to know our real and present enemies.
Re: Sanusi Lamido Is A Liar. Lawmakers by monkeyleg: 2:49pm On Nov 30, 2010
But why should they get 2.5% of the countries budget? These people have been mistreating the common man for far too long.
Re: Sanusi Lamido Is A Liar. Lawmakers by Eziachi: 3:28pm On Nov 30, 2010
egift:

Sanusi is a senior player in the current league of Voodoo Economists we are seeing Nigeria today. Tomorrow Sanusi will tell us that is not what he said. If GEJ can deny his own FB post - then Sanusi can.

Why call Mr President - he don't have a plan for us and have been retaining this Voodoo Economists (Niaja political vocab just the expand daily) grin grin grin

Put aside, whether you like Sanusi or not, do you think that a body like the Nigerian two national assemblies getting 25% of a reccurrent expenditure budget of a country as poor as Nigeria is a good value for money?
Re: Sanusi Lamido Is A Liar. Lawmakers by Nobody: 3:59pm On Nov 30, 2010
i believe and trust the intelligence and integrity of lamido sanusi anytime. am sure he khows what hes saying.he is just being bold to tell d truth which is lacking in most us.
whichever way you look at it whether 25%,3.5% or 2.5% of overheads or total budgets,going by relative terms that the house of assembly is an entity of 450 nigerians in midst of over 150 million nigerians,they are just unfairly bleeding the nation to death. Their salaries,allowances,constituency(pockets) votes should be reviewed. Is dis not d same country where poor civil servants are asking for just 18 thousands for minimum wage and is not being implemented? Too sad! That day will come when our anger and hunger will overcome us and consume our fears and will make us take up whatever we can lay our hands on and fight for what is rightfully ours and kill all the unpatriotic bigots, Surely dat day will come.

this very intelligent post says it all
Re: Sanusi Lamido Is A Liar. Lawmakers by akbtunes: 4:33pm On Nov 30, 2010
this guys must be mad!!!!! lipsrsealed lipsrsealed angry angry angry

even if it is 1% of d budget sef, thts crazy! they need to have their heads checked
Re: Sanusi Lamido Is A Liar. Lawmakers by ifunayalov(f): 5:46pm On Nov 30, 2010
These legislators don't even see anything outrageous in the figures they are quoting as correct!
I weep for my country,  when are we ever going to get out of this?
Re: Sanusi Lamido Is A Liar. Lawmakers by bangose: 5:50pm On Nov 30, 2010
but even then it is still outrageous for 0.003% (450) lazy, unproductive (spoilt brat) people to be spending either 2.5%, 3.5% or even 7.1% of the recurrent or overhead expenditure of a nation of 150 million people.
Re: Sanusi Lamido Is A Liar. Lawmakers by Reference(m): 6:20pm On Nov 30, 2010
Guys if your figures (158 billion and 450 lawless men) are correct then it comes to something like 351 million naira per head over just twelve months or something like N 961,948.00 per head every blessed day of the year come rain or shine, strike or work, come fight, brawl or snore, come rigging or rigmarole. Really with a purse such as this to fund their excesses would you really say these fellows are in a position to truly represent your aspirations.
Re: Sanusi Lamido Is A Liar. Lawmakers by 9ijaMan: 6:45pm On Nov 30, 2010
I guess Sanusi also forgot to mention the President's numerous gifts (abi na tithes) to Aso villa visitors! grin grin grin
Re: Sanusi Lamido Is A Liar. Lawmakers by NAJALYN: 7:52pm On Nov 30, 2010
There is no doubt that the Country needs an overhaul. There is so much being done to kill this nation. Those who are in power are siphoning money left, right & centre. How can the nation survive this? If of the total of N4.427 trillion budgetted for the entire Federation, the National Assembly alone gets N0.158 trillion, what is the rationale behind that? Nigerians please pray very hard for a change that will save us from destruction. We have no other Country we can call our own.
Re: Sanusi Lamido Is A Liar. Lawmakers by wazobiang: 8:41pm On Nov 30, 2010
Bankole, Ode. Some of you went to skool ko! Some of you carry slate ni!
Fool. Shut up and dodge under your table. Hide there whenever truth is passing else it will scorch you.

Silly monkey.

You people climb up there and fleece to the point of to whom it may concern and you are telling us that some of you went to school. School of armed robbery. Thieves.

You can damage SLS name, you can say what you like, but
[list]
[li]We know the truth[/li]
[li]You cannot remove him[/li]
[li]Your day of reckoning is coming[/li]
[/list]
Re: Sanusi Lamido Is A Liar. Lawmakers by toideve(m): 9:23pm On Nov 30, 2010
abeg what is recurrent expenditure
Re: Sanusi Lamido Is A Liar. Lawmakers by ifyegede(m): 9:30pm On Nov 30, 2010
The NASS members are about 450 in a country of 150 million. This represents 0.0003%. Where & how on earth can one justify spending 3.5% of the NATIONAL BUDGET or 25% of the RECURRENT BUDGET on 0.0003% of the populace?
Re: Sanusi Lamido Is A Liar. Lawmakers by brojero: 9:51pm On Nov 30, 2010
wazobia-ng:

Bankole, Ode. Some of you went to skool ko! Some of you carry slate ni!
Fool. Shut up and dodge under your table. Hide there whenever truth is passing else it will scorch you.
Silly monkey.

You people climb up there and fleece to the point of to whom it may concern and you are telling us that some of you went to school. School of armed robbery. Thieves.

You can damage SLS name, you can say what you like, but
[list]
[li]We know the truth[/li]
[li]You cannot remove him[/li]
[li]Your day of reckoning is coming[/li]
[/list]


No mind am na afternoon school Bankole go
Re: Sanusi Lamido Is A Liar. Lawmakers by mbulela: 10:47pm On Nov 30, 2010
toideve:

abeg what is recurrent expenditure
in very lay terms;
expenditure that reoccurs during every budget.
stuff like salaries, buying of fuel for office generators and buying paper for the copiers.
economic textbooks will say;
Recurrent expenditure on goods and services is expenditure, which does not result in the creation or acquisition of fixed assets (new or second-hand). It consists mainly of expenditure on wages, salaries and supplements, purchases of goods and services and consumption of fixed capital (depreciation).

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