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Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion (7286 Views)

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Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by agwom(m): 11:10pm On Dec 22, 2020
The House of Representatives Spokesperson, Rep. Benjamin Kalu (APC, Abia) has disclosed that, the National Assembly increased the 2021 budget from the N13.08 trillion proposed to N13.58 trillion because of the prevailing economic realities in the country.

He disclosed this while speaking to journalist on the approved budget passed by the House on Monday.

“As you know, on the 8th of October, the President laid the budget before the joint session of the House and the Senate and that budget had N13.08 trillion presented before us.


“What we passed was N13.58 trillion It’s an increase from what the President laid before us and the realities we found on ground made us to push it to what we finally approved today.

“The House has approved N4.125 trillion on capital expenditure, N5.641 trillion on recurrent expenditure as well as N3.324 trillion is for Debt Service, N5.641 trillion on debt services.

“The House has also recognized that it’s important to have statutory transfers and that is N496.528 billion has been approved for that.

“This is to show our commitment to Nigerians that this budget is here to stay.

“It is also important to know that we benchmarking the budget on $40 per barrel knowing fully well that our major source of income revenue is oil and gas,” he said.

https://dailytrust.com/why-we-increase-2021-budget-to-n13-588-trillion-reps-spokesperson

4 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Oceanfield: 1:48am On Dec 23, 2020
OK. So that you will have enough to loot.

11 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Ayomide002: 1:48am On Dec 23, 2020
What else, other than to borrow more money?

2 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by AchalugoNwa(f): 1:48am On Dec 23, 2020
this is the most corrupt government in the history of the world

27 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by thatsleepboy1: 1:48am On Dec 23, 2020
“The House has approved N4.125 trillion on capital expenditure, N5.641 trillion on recurrent expenditure as well as N3.324 trillion is for Debt Service, N5.641 trillion on debt services.

“The House has also recognized that it’s important to have statutory transfers and that is N496.528 billion has been approved for that.

To further loot loot and loot more. Ndị ara
This is their best skill and performance since the day of John the Baptist and they'll suffereth violence.


SAMTOBIJU:
It is well

Well you mean? What kind of well? I believe it is kọ́ngá you're talking about.

3 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by GIANTPLUSHUB: 1:49am On Dec 23, 2020
Okay naw
Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by SAMTOBIJU(m): 1:51am On Dec 23, 2020
It is well
Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by mannobi(m): 1:51am On Dec 23, 2020
Can you see now? 8 trillion on debt services alone. Useless shoemenders leading professors. They have borrowed their future to buy cars for national assembly

12 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Dbiz1111(m): 1:51am On Dec 23, 2020
Ayomide002:
What else, other than to borrow more money?

Lol their end means grin grin

1 Like

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by ArmaniUhuru: 1:53am On Dec 23, 2020
New budget every year, and yet nothing to show for it. The outrageous budget figure in Nigeria is no longer fascinating as the comman man is not feeling the impact.


Budget my foot.

3 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Nobody: 1:55am On Dec 23, 2020
No need for long talk we know why. They have inflated to milk the agencies, ministries and parastatals for their share.

If you don’t agree to give them money they make sure they put 0 in your budget. Most times they even request the money before the budget. So if you don’t go and find where to steal money to share for your “board” your own is finished. If you’re lucky you’ll collect overheads.

1 Like

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by potbelly(m): 2:06am On Dec 23, 2020
budget that used to be like 4T now na 13T shocked shocked

Na wah o... sad

When Recurrent Expenditure + Debt servicing >> Capital expenditure - how will the country move forward?

5 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by tunapawizzy: 2:08am On Dec 23, 2020
They should concentrate more on income generation instead of budgeting money that does not exist...money u will still go and borrow because the political class will be there to steal the little we generate now.

2 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Ekemeze: 2:09am On Dec 23, 2020
.
Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Nobody: 2:16am On Dec 23, 2020
In order to increase the percentage of funds that will be looted by the innumerable executhieves members, judisharing members, 469 national legislathieves .Heartless politicians.

6 Likes 1 Share

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by MANNABBQGRILLS: 2:17am On Dec 23, 2020
No long story....
Makw Nigeria great is all we ask for.
This country has been raped, looted and bastardised by some bastards for over 16 years.

We will Continue to believe in her future.

3 Likes 3 Shares

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by tunapawizzy: 2:20am On Dec 23, 2020
potbelly:
budget that used to be like 4T now na 13T shocked shocked

Na wah o... sad

When Recurrent Expenditure + Debt servicing >> Capital expenditure - how will the country move forward?
No mind dem The budget just big for paper...u dun get am debt servicing n recurrent 9T out of 13.5T, to make matters worse a large part of that budget will still be borrowed, and a large part of the budget will still be stolen. Which means we will service more debts next year, and its not likely the government will generate more income, even if they do, it will be stolen.....

8 Likes 1 Share

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by lexy2014: 2:42am On Dec 23, 2020
post=97340852:
No long story....
Makw Nigeria great is all we ask for.
This country has been raped, looted and bastardised by some bastards for over 16 years.

We will Continue to believe in her future.

Has nigeria been repaired in d last 5 years?

4 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Excuzeme: 2:58am On Dec 23, 2020
enjamin Kalu:
“What we passed was N13.58 trillion It’s an increase from what the President laid before us and the realities we found on ground made us to push it to what we finally approved today.

“The House has approved N4.125 trillion on capital expenditure, N5.641 trillion on recurrent expenditure as well as N3.324 trillion is for Debt Service, N5.641 trillion on debt services.

“The House has also recognized that it’s important to have statutory transfers and that is N496.528 billion has been approved for that.

“This is to show our commitment to Nigerians that this budget is here to stay.

https://dailytrust.com/why-we-increase-2021-budget-to-n13-588-trillion-reps-spokesperson

Your commitment is ONLY TO LOOTING and PROFLIGACY, Mr. Kalu. Stop the pretense! angry angry
One day, and very soon, una Goat go enter Market nor return home again.
Nigerians are cooking your Rice, when it is done, we will invite all you Corrupt Leeches turning our country to Somalia. undecided

4 Likes

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Brushstrokes20: 3:15am On Dec 23, 2020
Another stupid story for zombies!

Useless govt of self serving thieves and sadistic Tyrant!
Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Danny50: 3:21am On Dec 23, 2020
People fund
Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by inoki247: 3:30am On Dec 23, 2020
Okay no be Budget padding anymore na Budget increment Ye ye
Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by 4four(m): 3:38am On Dec 23, 2020
Nigeria Don cast, dept service budget is more capital budget
Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Benesis: 4:10am On Dec 23, 2020
Budget wey be say na borrow we go borow to pay those wey we been borow to pay those wey we been borow that first time.

Its a vicious circle...

1 Like

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by EagleNest(m): 4:12am On Dec 23, 2020
Legislooters! Padding the Executive's budget beyond what was presented. What have the Legislooters inserted this time?
Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by chatinent: 5:13am On Dec 23, 2020
Christmas boost.


Money looted and gone.
Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Thomthom(m): 5:14am On Dec 23, 2020
AchalugoNwa:
this is the most corrupt government in the history of the world
Coded Kwarapshon

1 Like

Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by IYANGBALI: 5:20am On Dec 23, 2020
Bloody thieves


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Re: Benjamin Kalu: Why We Increased 2021 Budget To ₦13.588 Trillion by Seyzcham91(m): 5:25am On Dec 23, 2020
you blow too much grammar! why you dey stress yourself?

just say when there is too much LOOTING more than their actual job they are appointed/elected for kiss undecided
potbelly:
budget that used to be like 4T now na 13T shocked shocked

Na wah o... sad

When Recurrent Expenditure + Debt servicing >> Capital expenditure - how will the country move forward?

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