DexterousOne:


You better stop talking this crap

Buhari has been president longer than GEJ

This mess is SQUARELY his failure

Ok so the debt Buhari is paying was taken by APC?

Buhari has sold the sovereignty of country.

You see, before one counts from 1 to 367 will definitely take a lot of efforts and this reflects how far Nigeria has gone in debt management and economic growth. Imagine a dollar to a naira then. This is acutely disturbing.

That's why I like Seyi Makinde; you don't spend what you don't earn, live within your means. Mumu FG that spends so much to service debts and civil service. What will be left for roads, hospital etc.

President Buhari 2021 budget offers another proof of unwillingness of Nigerian government to abandon social economic policy which has failed Nigeria since it became Independence in 1960. A close summary and analysis of this budget show the following:

• Data from this budget shows Nigeria still relies 100% on oil revenue to pay for the programs. In his amended budget plan, President Buhari said daily oil production was projected to be 1.88 million barrel per day and that current trend shows oil production per day will instead be 1.80 at $40.7 per barrel.
• Revenue from other sectors of the economy was never mentioned—indicating that Nigeria relies 100% on oil export.
• 36 states make up the country of Nigeria. This budget plan never mentioned proposal to build 36 highways to connect all states together. This is another proof of what Nigeria has been doing for the past 60 years—resulting in skyrocketed unemployment figures all over Nigeria and crumbling infrastructures at all levels of government.
• Buhari government continues to increase budget for light rail projects in certain areas of the country---Abuja, Kaduna, Lagos, Ibadan which have contributed nothing to national treasury and abandon those states Nigeria relies on to get money to spend. Action like this is what led to the creation of Boko Haram and factions around the country—making Nigeria ungovernable.
• Buhari government keeps purring money into agriculture of economy and it never results in real reduction of imported food items.
• Defense budget is N840.56 billion compared to N70.05 for Universal basic education. What a shame.

What the highlights of President Buhari budget plan shows is continuous investments in areas that have shown to be detriment for future economic growth and job creation. For Nigerians, this budget proposal is bad news for you and your family.

European countries have no oil, yet, their economies generate more revenues and create high paying jobs for their citizens.

And why is this?

That is because these countries have done away with social economic policies—which create poverty and low wages.

Nigeria needs to move to capitalistic system of economy right way. We need to announce policy that will end street vendors and hawkers and replace them by building shopping centers. This will allow all the governments in Nigeria (federal, states, and local governments) to implement new tax policy.

The purpose of building shopping centers is to enable government to identify business owners and collect tax revenues. With street vendors and hawkers, governments lose billions of dollars in tax revenues.

That is why European countries, Asia, and western countries are so successful and Nigeria is not.

Really

This is serious. Meanwhile if you're a business owner and you don’t have a business account, don’t miss opportunities sign up online for FCMB Business Account.

doing the same thing while expecting a different result has got to be the height of stupidity. Unworkable budget that will only favour the elites as usual. Rogues. by the time this administration terminates we will have new colonial masters.........China.