raumdeuter:


States get different revenues so no one can say exactly but on average with 36 states Maths roughly (1.9trillion/36) minus (750bn/36 states) which is 52.7bn - 20.8bn = approximately 32bn extra per month per state

Let look at it this way.

Subsidy funds per month÷=400b

Difference bw faac allocation =1.9tr-750b=1.15tr.

Which is likely to crumble the country

🙄🙄

izzou:
Itsrm

How far with your police report issue?

I sorted it out the very next day. Got the police extract and court affidavit.

I no want those thieves in black wahala. I do anything that will make me avoid them

Segedinho:

Let look at it this way.

Subsidy funds per month÷=400b

Difference bw faac allocation =1.9tr-750b=1.15tr.

Which is likely to crumble the country

🙄🙄

There are other things that can crumble the country like lack of money to fund project, develop infrastructures, lack of money to pay salaries

So We are sacrificing 400bn to give the country back 1.15tr sounds like a very good deal

raumdeuter:


There are other things that can crumble the country like lack of money to fund project, lack of money to pay salaries

So We are sacrificing 400bn to give the country back 1.15tr sounds like a very good deal

Lols..


Now let remove 400bn from d 1.9tr...we will be left with 1.5tr..

Are you saying development and a whole lot wouldn't have happened if the FG has redirected d 1.5tr record FAAC disbursement. ??

States definitely would have had more money despite the subsidy .

Let remove sentiment for once......

Again..what ponzi was played to realise 1.15tr from sacrificing 400bn??

Segedinho:
Lols..
Now let remove 400bn from d 1.9tr...we will be left with 1.5tr..
Are you saying development and a whole lot wouldn't have happened if the FG has redirected d 1.5tr record FAAC disbursement. ??
States definitely would have had more money despite the subsidy .
Let remove sentiment for once......

We have stopped using money to defend the Naira, Using money to defend oil prices(Subsidy) the savings from it is what makes 1.9tr

When we were doing both, was when governors were complaining they couldnt pay salaries anymore and that also become the reasons they gave why capital projects cannot continue

Now they have no excuse, which is why its time to hold their shirts properly

Segedinho:

Again..what ponzi was played to realise 1.15tr from sacrificing 400bn??

Subsidy was not the only fiscal policy change made

See below how much was spent defending Naira at different times under Buhari and under Jonathan

Political Slaves!!

raumdeuter:


We have stopped using money to defend the Naira, Using money to defend oil prices(Subsidy) the savings from it is what makes 1.9tr

When we were doing both, was when governors were complaining they couldnt pay salaries anymore and that also become the reasons they gave why capital projects cannot continue

Now they have no excuse, which is why its time to hold their shirts properly

Same thing baba..

Our extreme hardship is due to 2 policies(subsidy n fx).

Will 1.5tr record FAAC reimbursement be too small as against d previous 750b let assume d 400b was infused back into subsidy?.

raumdeuter:


Subsidy was not the only fiscal policy change made

See below how much was spent defending Naira at different times under Buhari and under Jonathan

I think the most important obligation of FG is the well being of her people...


You are running away from the main question...Will 1.5tr record FAAC reimbursement be too small compared to the 750b being disbursed b4


Let assume unification was done only

Segedinho:
Same thing baba..
Our extreme hardship is due to 2 policies(subsidy n fx).

Will 1.5tr record FAAC reimbursement be too small as against d previous 750b let assume d 400b was infused back into subsidy?.

What the govt has done is to stop all those loopholes that is draining govt resources at once and give the extra saving to the governors who are directly in contact with the populace to let them meet their campaign promises

raumdeuter:


What the govt has done is to stop all those loopholes that is draining govt resources at once and give the extra saving to the governors who are directly in contact with the populace to let them meet their campaign promises

You and I know this is a big lie.

Let assume he was too lazy to run a check up on daily usage of petrol and this led to us spending 400b per month..


My question remains.....Will 1.5tr not be enough since same gov have been managing 750b??

That is my stand...

Segedinho:

I think the most important obligation of FG is the well being of her people...
You are running away from the main question...Will 1.5tr record FAAC reimbursement be too small compared to the 750b being disbursed b4
Let assume unification was done only

Both Subsidy and FX are 2 leaks in the bucket attacking our income. Part of the well being is to give as much money to states to impact the lives of the citizens close to them which is what Asiwaju prioritized

Now the governors are saving part of it, Maybe if only unification was done there might not be enough to pay salaries, do projects, service state debts and save for future

GloriousGbola:
There have been four successful coups over the years. Any trend that is not arrested will grow and thrive. These are clearly not isolated instances

As it is some soldiers may be getting ambitious

If anyone is naive enough to wish for the same in Nigeria - then understand that banning twitter will be child's play compared to what you get from coupists backed by repressive regimes. You will know and learn the true meaning of repression. People like rufai will shut up or do 20 years with hard labour.

As it usually is in politics, there are no clear answers and several possible outcomes.

We already have a situation in zamfara - gold mining - where there is obviously some symbiosis between Chinese gold miners and bandits.

I do not know the nature of our lithium reserves, but if they are located up north, and in commercial quantities, some people may be encouraged to seek for a split. Especially as all they now need is a Chinese railway from Niger to Sudan port to evacuate the materials.

I am looking for an investor who can buy in to a lithium mining project for immediate excavation with at least 10-30 million naira.
The previous activities were halted based on financial constraints.
Site location: Nasarrawa state
My contact: 08109891421

raumdeuter:


Both Subsidy and FX are 2 leaks in the bucket attacking our income. Part of the well being is to give as much money to states to impact the lives of the citizens close to them which is what Asiwaju prioritized

Now the governors are saving part of it, Maybe if only unification was done there might not be enough to pay salaries, do projects, service state debts and save for future

OK I agree with you that both are leaks.

Now we have been able to gain disbursable 1.9tr....how does re-infusing 400bn to help the masses who are caught in the Web of hardship a bad thing?

Let assume he was too lazy to run a check up on daily usage of petrol and this led to us spending 400b per month..


My question remains.....Will 1.5tr not be enough since same gov have been managing 750b??

That is my stand...


Am happy you have inadvertently admitted that the subsidy is too meagre to plunge us into a total collapse

Segedinho:

You and I know this is a big lie.
Let assume he was too lazy to run a check up on daily usage of petrol and this led to us spending 400b per month..
My question remains.....Will 1.5tr not be enough since same gov have been managing 750b??
That is my stand..

How were govs managing 750bn? Is non payment of salary part of the management you want to continue? If you are the ones being wed 6months salary even with fuel at 100Naira, I doubt you would be defending this as managing

My stand is give govs more power to impact the people directly under them.

Zamfara might say out of the fuel they are subsiding, Na Lagos and Ogun dey use cars most and its cheating for Zamfara to pay in subsidizing Lagos cars so Agric is what matters to Zamfara most and use his money for farms

Enugu which fuel subsidy are you talking about when roads no even dey. Subsidy na for Lagos and Rivers people. So Enugu might say its road construction that is most important and use theirs for road

Benue might say which subsidy when our people are being killed daily, shey na dead men go use subsidy?, Na security we need more and use their money for more security.

Bayelsa say what subsidy? how many fuel we dey use, Na erosion and flooding be our problems

While Edo will say its that subsidy that is most important and use their money to get but subsidize fuel for their people

That is the point of fiscal federalism which Tinubu always preached about and campaigned for. Every state take your money and decide whats important to you

raumdeuter:


How were govs managing 750bn? Is non payment of salary part of the management you want to continue? If you are the ones being wed 6months salary even with fuel at 100Naira, I doubt you would be defending this as managing

My stand is give govs more power to impact the people directly under them.

Zamfara might say out of the fuel they are subsiding, Na Lagos and Ogun dey use cars most and its cheating for Zamfara to pay in subsidizing Lagos cars so Agric is what matters to him most and use his money for farms

Enugu which fuel subsidy are you talking about when roads no even dey. Subsidy na for Lagos and Rivers people. So Enugu might say its road construction that is most important and use theirs for road

Benue might say which subsidy when our people are being killed daily, shey na dead men go use subsidy?, Na security we need more and use their money for more security.

While Edo will say its that subsidy that is most important and use their money to get but subsidize fuel for their people

That is the point of fiscal federalism which Tinubu always preached about and campaigned for. Every state take your money and decide whats important to you

So doubling it to 1.5tr will still not be enough..

Segedinho:
OK I agree with you that both are leaks.
Now we have been able to gain disbursable 1.9tr....how does re-infusing 400bn to help the masses who are caught in the Web of hardship a bad thing?
Let assume he was too lazy to run a check up on daily usage of petrol and this led to us spending 400b per month..
My question remains.....Will 1.5tr not be enough since same gov have been managing 750b??
That is my stand...
Am happy you have inadvertently admitted that the subsidy is too meagre to plunge us into a total collapse

400bn is not meager How many states in the entire country have a budget of more than 400bn Naira

States have different needs not every state use fuel equally.

Its like saying a school decides to feed every student, Student A might not need food and need books, another need uniform, another need more teachers. So the solution is the money budgeted for food. I will hand over to each one of you and use it to cater to which part dey pain yu pass

Segedinho:

So doubling it to 1.5tr will still not be enough..

What is wrong with giving them the money and they use for whatever dey pain each state pass

raumdeuter:


400bn is not meager How many states in the entire country have a budget of more than 400bn Naira

States have different needs not every state use fuel equally.

Its like saying a school decides to feed every student, Student A might not need food and need books, another need uniform, another need more teachers. So the solution is the money budgeted for food. I will hand over to each one of you and use it to cater to which part dey pain yu pass

In our argument..it is meagre......

We were disbursing 750b and subsidizing with 400 b...u believed d 400b will lead us into total collapse..

Your subsequent argument proves that from the money realised,the 400b is actually negligible to what might actually crumble the nation....

raumdeuter:


What is wrong with giving them the money and they use for whatever dey pain each state pass

We are saying same thing...give them the 1.5tr....put the 400b in general use which have direct impact on price of commodities as well as our day to day activities

Segedinho:

In our argument..it is meagre......

We were disbursing 750b and subsidizing with 400 b...u believed d 400b will lead us into total collapse..

Your subsequent argument proves that from the money realised,the 400b is actually negligible to what might actually crumble the nation....

How is 400bn negligible? How many percent of the increase is 400bn that makes it neligible

Segedinho:

We are saying same thing...give them the 1.5tr....put the 400b in general use which have direct impact on price of commodities as well as our day to day activities

What general use? Subsidy money has been given to each

Since morning you havent told me what stops individual state gov from using their own excess share to subsidize their own state fuel consumption

raumdeuter:


How is 400bn negligible? How many percent of the increase is 400bn that makes it neligible

I believe you understand my stand and just trying to twist it...
Sorry i used the negligible adjectives....

Here,the 400b isn't what is responsible for the collapse you were forecasting....

Segedinho:

I believe you understand my stand and just trying to twist it...
Sorry i used the negligible adjectives....

Here,the 400b isn't what is responsible for the collapse you were forecasting....

The point is not about saving from collapse, Its about making them thrive

Its like saying you need 10 spoons of food from not dying and I give you exactly 10 spoons. What it will mean is that you wont die but not like you will function like you are meant to

The point is not just to make the states not collapse, Its to make them thrive and impact the people like they should

raumdeuter:


What general use? Subsidy money has been given to each

Since morning you havent told me what stops individual state gov from using their own excess share to subsidize their own state fuel consumption

Weren't we better of with the 400b subsidy fund


Is 1.5tr not enough as against the previous FAAC?

Segedinho:

Weren't we better of with the 400b subsidy fund


Is 1.5tr not enough as against the previous FAAC?

I wont answer you until you tell me or answer why a State cannot take its own excess money given and use it to provide subsidy for the state people

raumdeuter:


The point is not about saving from collapse, Its about making them thrive

Its like saying you need 10 spoons of food from not dying and I give you exactly 10 spoons. What it will mean is that you wont die but not like you will function like you are meant to

This is not the case..


We were receiving 10 spoons(750b)...now statistics shows we will be given 20 spoons(1.5tr) and still have 400b left to encourage the masses since the failure of 24hrs electricity

raumdeuter:


I wont answer you until you tell me or answer why a State cannot take its own excess money given and use it to provide subsidy for the state people

State during election didn't promise stable 24hrs electricity and dollar/naira rates reduction. ...

Segedinho:

State during election didn't promise stable 24hrs electricity and dollar/naira rates reduction. ...

What did states promise during election? The citizen of the states are suffering oga governor take your excess from faac and use it to provide subsidy

https://www.thisdaylive.com/index.php/2023/01/02/obaseki-promises-improved-power-supply-across-edo-to-spur-industrialisation

BTW this is your governor promising electricity

raumdeuter:


What did states promise during election? The citizen of the states are suffering oga governor take your excess from faac and use it to provide subsidy

Good roads...timely payment of salary and allowances...schools and healthcare..

These they have done whilst stealing....Oshiomole was able to pull the stunt with allocation of 750b or less.

Doubling their income means they have got no option bit what is the fate of an average man if roads are good but he's unable to feed well .......

raumdeuter:


What did states promise during election? The citizen of the states are suffering oga governor take your excess from faac and use it to provide subsidy

https://www.thisdaylive.com/index.php/2023/01/02/obaseki-promises-improved-power-supply-across-edo-to-spur-industrialisation

BTW this is your governor promising electricity

"Improved"...very crucial..


Here,I blv ďoubling his income will do d magic....and I blv d 1.5tr is a good one