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Corn3 wey dey run kitikiti, katakata

May God of Abraham, isaac, jacob and moses visit you this wicked politicians as he visited pharo then. So wicked politicians. May God judge you all with all your wickedness.

nijaomegacode:
Never marry a woman you did not disvirgin. She's a curse to her children; born and unborn.

no wonder u are cursed, because ur father did not disvirgin ur mother, if u have any. Nonsense

Some takeaways:

The national budget has grown 3x bigger from ₦4.5 trillion to ₦14 trillion in the last five years, but more Nigerians are poorer (44%) today than (38%) in 2015 and GDP per capita has shrunk to $2,000 from $3,000 in 2014.

65% of the proposed 2022 budget goes to non-debt and debt recurrent expenditure (₦10.1 trillion), which is 18% higher than this year's recurrent costs.

Oil accounts for 31% of the projected ₦10.1 trillion revenue. Despite a conservative $57 per barrel price, there are low chances of achieving the projected production capacity of 1.88 million barrels daily.
“External reserves decreased by 10.6 percent, from US$36.48 billion in December 2020 to US$32.99 billion in June 2021. Trade deficit also increased sharply, reaching around US$4.23 billion. Import growth remains very high relative to our export growth rate.

“Relative to 2020, Nigeria’s trade deficit in the first half of 2021 rose by N3.56tn and stood at N5.81tn in June 2021. With an import growth rate of 60.67% in the first half of 2021, Nigeria’s export growth rate of 26.18% had little or no impact to stabilize or grow the economy.

“In the first half of 2021, the federal government accumulated an additional public debt of around N4.9 trillion (foreign debt – N897bilion, domestic debt- N1.61trn). Additionally, N2.4 trillion loan was received from the CBN via Ways and Means Advance. It is important to note that the value of the Ways and Means provided to the federal government by the CBN violates applicable laws. External debt increased by 8.5%, from N10.95trn in December 2020 to N11.85trn in June 2021.

“In the same vein, domestic debt increased by 10%, from N16.02trn in December 2020 to N17.63trn in June 2021. Previous administrations continued to accumulate public debts after the cancellation of the nation’s debt during the President Obasanjo administration.

“Since 2015, the public debt of the federal government has experienced an annual increase, rising from less than N10trn in June 2015 to N29.48 trillion in June 2021. Unfortunately, the federal and state governments seem to be obsessed with the debt-to-GDP ratio, regardless of the debt-to-income ratio. It’s untenable and unacceptable for the country to continue on the borrowing frenzy just to finance consumption. Current debt is used mainly for debt servicing and recurrent expenditure rather than capital projects”.

According to the half year budget implementation report, as of June 2021, only 27% which was N1.34 trillion of the money from the total public debt of N4.9 trillion was released to fund capital expenditures (including additional capital expenditures).

This implies that all the revenue of the government and about 73% of the accumulated public debt in the first half of 2021 was used for debt servicing and also to fund recurrent expenditures. The usual expectations are to fund capital projects, especially projects with the ability to repay costs and stimulate economic growth. The future of generations to come is gradually mortgaged, without any demonstrable sustainable commitment to policy to stabilize and grow the economy.

“The inherent low capacity of the MDAs to use the funds released to implement capital projects is more worrisome.

shuld that be a surprise?that is where aso rock contractors make their money!

Satanic govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS!

Wasteful government and tomorrow many of their zombie supporters will be here praising them.
Which reasonable and responsible government wastes this amount on generators?

So tell me how they will fix Electricity supply in Nigeria, when one Aboki is there embezzling money for maintenance of generators.

Greed can never make Nigeria grow!

Animals in human form!

Kiddnappers these are people to visit this year 2022, please leave the poor masses alone and go for politicians they're greedy.

The NEXT LEVEL wey una go see this year go hammer for una heads like hurricane! Enjoy and braze up.

Where is Mr anything to move our country forward. The vulture griller will never comment on this one. Awon oniyeye. He has started campaigning for osibanjo again as if he is the one to impose him on the masses.

That VULTURE GRILLER will avoid this thread like a plague. Hypocrite.

Luckydubby7:
Question I keep asking is "what's the different between the government we have now(Buhari) and the PDP government we have before.
To me, PDP government were even better because hunger and hardship wasn't as bad as now.

APC more wasteful, because they lack directions......So more are wasted doing nothing......

Hmm

Omooba77:


https://www.vanguardngr.com/2022/01/presidency-to-spend-n402-2m-on-maintenance-of-generators-furniture-others-n3-087bn-on-travels/

From the days of PDP, they all do these nonsense every time and no one bats an eyelid.
Waste of money.

NOETHNICITY:
This isn't too much

That's just around $700,000

Ordinary companies pay the amount for power in the US

Shut your filthy mouth... They are not paying $402.2m and we are not paying ₦700k either.

You people are always quick to punch calculator to convert everytime.

Nonsense!

3.087bn on travels......

TemmyT002:


From the days of PDP, they all do these nonsense every time and no one bats an eyelid.
Waste of money.

What change has Buhari brought in 7 years......

So Buhari will be paid N174m as allowance for the year, and there is no kwaruption

Greatest mistake of the decade is this administration

Must they even use gen. Let them buy solar panels and rest.

Travel allowance seems normal..
Generator..well obviously no light.. And d state house has to be powered somehow..24/7

But DAT of furniture... Hmmm

Aboguede:
Na generator oga presido dey use too



I suspect pdp for this news

Buhari has done wonders in the power sector yet he is budgeting billions for generating sets.


Two pages later, the usual patriots like Chrisittruth, vedaxcool, helinues, , blackfire and lovenorth are yet to come up with any patriotic speech

Omooba77:


https://www.vanguardngr.com/2022/01/presidency-to-spend-n402-2m-on-maintenance-of-generators-furniture-others-n3-087bn-on-travels/

Kukuma tell us say na power station you dey use there

Follygunners:


Really? You wonder why Nigeria is fvcked up?

Instead of talking about fixing the problem at the source which we all know if stable power supply, you're here saying nonsense.

Your stupidity must be hereditary.

Dont be deceived, all political parties and politicians are thesame

Just same drinks in different bottles

Reason for the constant decamping close to election

Luckydubby7:
Question I keep asking is "what's the different between the government we have now(Buhari) and the PDP government we have before.
To me, PDP government were even better because hunger and hardship wasn't as bad as now.

BuyAndSellStuff:


Your stupidity must be hereditary.

I wonder who's the stupid one...

A nation filled with fools like you is bound to fail. You're just a reflection of Nigeria. Olofo!

Follygunners:


I wonder who's the stupid one...

A nation filled with fools like you is bound to fail. You're just a reflection of Nigeria. Olofo!

Oga go drink water before you bite your tongue

SirLakes:


Shut your filthy mouth... They are not paying $402.2m and we are not paying ₦700k either.

You people are always quick to punch calculator to convert everytime.

Nonsense!

An hungry illeterate idiiiooot like u.
Go back and read what you typed up and there and see whether or not you made any sense.