OK naww

The three tiers of government in Nigeria federal, state and local government should go and face agriculture.

They should rely less on Niger delta crude oil.

Unfortunately the Buhari government have borrowed so much money that falling crude oil prices can not pay back.

Those honourable house of representatives members that were rejecting Innoson made cars in favour of foreign made cars should now be seeing the falling crude prices in the international oil markets.

If they have conscience they should be making amend.

Why are we just realising this. We are just too mentally slow in this country. I have been yapping about the economic cost as the bigger problem surtounding the pandemic for weeks now. Called all my folks and told them to begin hunkering down but folks just go about as if nothing happens because the virus seems a distant threat.

Well if you live on an ocean islanjd and you hear of an earthquake you begin to run not because of the earthquake on the other side of the world but the tsunami which will surely come.

China is the economic engine of the world called the SS Titanic. The engine caught fire and peiple are laughing because they are in the upper state rooms. Okay oh.

We are all in this mess and with a vaccine still a year away it may take that long to restore the global economy to a sound footing again. Many countries cannot survive that long without going into recession.

And in Nigeria we know what recession means. Rampant crime.

Inside this budget cut there some will still be looting the national cake....

We are not serious in this country, is it the enjoyment lifestyle we are funding with our little resources. Go to Abuja and see unproductive federal government ministries with latest jeeps as official cars. Money of those jeeps can equip hospitals and social amenities can be provided with such

It's easy. Just cancel all FG projects in the South-East and redirect the money to other sectors. Goatluck Jonathan has already turned Douth-East to Europe before leaving office.

It's the beginning.
People that will or survived this may be the likes Facebook, Google etc.

APCNig:
It's easy. Just cancel all FG projects in the South-East and redirect the money to other sectors. Goatluck Jonathan has already turned Douth-East to Europe before leaving office.

I guess your slogan this morning is; "not too early to run mad" and I pray God gives you the grace to outshine other mad people in your area..

Cut or no cut the budget has never served the man on the street.

Why don't we try the other way? Spending more in trial times and saving in boom times. This ensure equilibrium.

easyfem:
its seem to me that this generation has missed it ....... seriously the only way out is revolution ....... im not even sure if prayer can wrk on the country coz GOD has given us all wat we need to survive as a country ... so u cant blame or pray for him to solve wat he has already b solve so we need revolution to solve it .............

The world economy is doing bad not just Nigeria at this present time

If you get small moni for bank brother abeg use am go buy dollar...naira go fall soon

Felixamos:
Anybody still supporting this failed govt is worst than a fool...
Security: zero
Electricity: zero
Education: zero
Concern for the masses: zero
Good economic policy: zero


Audio Italian man: 100%
Snake swallowing money: 100%
Turning herdsmen to celebrities: 100%
Blinded and mad apc miscreants on nairaland: 100%
Rat's chasing the president out of aso rock: 100%
Making Nigeria a laughing stock to reasonable countries: 100%

Nigeria is dead... Bury the damn thing and let new lives(countries) spring out...

the world is entering recession... All economies are affected...which one is audio Italian man?...you people are funny, that they should show the man face on TV and give his name, why are guyz thinking this way.WHO confirmed the case of the virus here and you think WHO is stupid not to have gotten test about the case

ncha373:
If you get small moni for bank brother abeg use am go buy dollar...naira go fall soon

What of dollar?...the world is entering into recession and the US economy will be affected greatly like in 2008

mvem:
the world is entering recession... All economies are affected...which one is audio Italian man?...you people are funny, that they should show the man face on TV and give his name, why are guyz thinking this way.WHO confirmed the case of the virus here and you think WHO is stupid not to have gotten test about the case

Lol... You're the funny one here... I guess you also believe that snake swallowed billions right?

Felixamos:


Lol... You're the funny one here... I guess you also believe that snake swallowed billions right?

how is that similar ?...explain ?

This country is messed up

Esseite:
If Nigeria had any iota of thinking, it would kickstart population control measures, its dwindling resources can no longer sustain its 200m population, talk more an increase.

some region will not be comfortable with this.... They will think it's a gang up against them... They need more number for election purposes...

bayelsaowei:
Nonsense...

Niger delta oil kill FG and its longer throat for free money...this government promised to diversify the nigerian economy during the niger delta avenger saga.. alas because of no better way of thinking or providing sustainable solutions they reverted back to over dependence on oil and this is the result..

It is not that these guys don't know what to do but they don't have the patient to invest long term.

These Buhari set only want to reap money instantly. That is why when you want to propose a business to a Nigerian, do not make the mistake of telling them it will yield money in 5 years time or 10 years. They want yields right now.

Stricklybidness:

some region will not be comfortable with this.... They will think it's a gang up against them... They need more number for election purposes...

it will come back to haunt them when masses from sensible regions start holding their leaders to break away.

ReubenE:
I thought the economy has been diversified.
Aren't we already making billions of dollars from non oil exports?

and the custom is raking in 6billion everyday from the border closure.

Mymynd4u:
.. Where is ?

Maybe his nairalanders hater have gotten hold of him


Manna wherever u dey, I pray God wey deliver Paul n Silas go deliver u

could it be he has corona?

If we are not mad people, why would you benchmark your budget on something volatile as oil. Our problem is DEEP

Omooba77:

https://punchng.com/coronavirus-fg-to-cut-budget-seeks-new-oil-benchmark/amp

Esseite:
If Nigeria had any iota of thinking, it would kickstart population control measures, its dwindling resources can no longer sustain its 200m population, talk more an increase.

That is a major burden placed on other section of the country by the North. Unproductive people given birth like chickens.

E be like say FG wan borrow money from Dangote and Adenuga.

We no dey give.

Free advice

Our recurrent expenditure is too high; with little or no value

Start with yourselves at the top and cut down your feeding, traveling and running cost resulting from using a motorcade to move around

Move to the NA - Cut the nonsense allowances

Resign as Minister of Petroleum: you are useless there... get a minister to critically look at what we pay as "under-recovery" AKA Subsidy...big scam

Your Customs boss says they remit 6bn daily... if true... no cause for alarm na unless it is audio money

The civil service is over-bloated!!!! However you will be very unpopular if you try to downsize but this is necessary.

DIVERSIFY THE ECONOMY!!! This was one of your campaign promises but instead of making yourself Minister of Agric or Minister of Mining, you took Minister of Petroleum...now oil prices are dropping...you are panicking

Enough of the free advice...bye

Esseite:
If Nigeria had any iota of thinking, it would kickstart population control measures, its dwindling resources can no longer sustain its 200m population, talk more an increase.

Don't just parrot Western concepts without understanding them. How does the government in Nigeria 'sustain' its population? Similar sized countries have developed through their large populations. If Nigeria is underdeveloped due to overpopulation, how do we explain Singapore, Germany, Qatar or even Rwanda which have much higher population densities and are doing well economically?

omoiyamayor:
Who be dis fine girl

minister for finance

Dumb ass country....

They say buy Nigeria to save the naira,

They went to import luxury cars for senators and legislators,

Even Lagos is doing their own.

Funny thing is we are still borrowing to fund the extravagant lifestyle of Nigerian politicians.

anonimi:


Cut their pay, Yes!
For infrastructure, No!!
For education, health, subsidised SME loans for employment, Yes. Capital YES!!

Whatever works, as long as it is used for the right purpose! Point is, Nigeria won’t develop if the leaders can afford to budget billions for themselves when the nation can barely provide for its citizens

omoiyamayor:
Who be dis fine girl

She is your honourable minister of finance. She is about 50years old so no longer a girl.