stepaside1:

The signs are there. Are you denying the N400 billion per month saving from subsidy or the N5.5 trillion record half year revenue made by FIRS? If you adjust exchange rate from N450 to N800 to the dollar, shouldn't you expect your Naira receipt to double even if dollar revenue remains the same? You can argue that in dollar terms, not a lot has increased but we spend Naira and that has doubled which allows local payments such as salaries, pensions etc to be made and even service or repay local debts. Inflation is of course the danger here but careful injection as they plan to do will mitigate to an extent.

Firstly there was no 400 billion to save... Subsidy was borrowed money

mrvitalis:

No body the Constitution is clear revenue is shared and allocated then each receiver can decide to save or use it

Hahahahaha
So who is/are the custodian(s) of the constitution?

mrvitalis:
Which kind cock and bull story be this

Firstly governors and president do not and can't even decide how much to share even if they want to.... There is no such provision under our law

APC propaganda that we were to share 1.9 trillion was about to be bursted they now brought out this new propaganda


There was no 1.9 trillion anywhere... No where

At least, we have one labour party governor. If you think the story is APC propaganda you can verify the true part of the story from him.
Or do Obi followers not trust their own any longer?

gawu1:

At least, we have one labour party governor. If you think the story is APC propaganda you can verify the true part of the story from him.
Or do Obi followers not trust their own any longer?

Oga no need to rush... Federal account would be shared soon

How much we made would be stated, how much to be shared would be stated no need for all this propaganda ooh relax in few days e go happen

HeroicMeastro:

Hahahahaha
So who is/are the custodian(s) of the constitution?

Supreme Court
U think it's the president?

Bros make una relax FAAC would state how much we made n to share very soon

Biodun556:
Please share the money

I swr

confused FG

FreeStuffsNG:
It will. The funds are mostly in interest yielding dollar denominated accounts. Check my signature for free stuffs!

subsidy was removed to allow for repayment of loans and I doubt the interest on those loans is lower than the one accruing for this imaginary savings. Learn to tell sellable lies.

mrvitalis:

Oga no need to rush... Federal account would be shared soon

How much we made would be stated, how much to be shared would be stated no need for all this propaganda ooh relax in few days e go happen

It's like you have comprehension problem.
Have it not already been disclosed that about 1.9 trillion was generated? The news said governors met and suggested that out of the 1.9 trillion made, only about 900 billion should be shared and that 1 trillion should be saved into the federal reserve with the CBN.
I will repeat my earlier advice to you that if you are not satisfy but believe it's APC propaganda, you can go and verify the truth from labour party governor who participated in the meeting.

mrvitalis:

Firstly there was no 400 billion to save... Subsidy was borrowed money

Subsidy meant NNPC did not remit into FG coffers so not enough funds to run govt thereby borrowing to fund infrastructure. We didn't borrow money to fund subsidy per se. There are subtle differences there

gawu1:

It's like you have comprehension problem.
Have it not already been disclosed that about 1.9 trillion was generated? The news said governors met and suggested that out of the 1.9 trillion made, only about 900 billion should be shared and that 1 trillion should be saved into the federal reserve with the CBN.
I will repeat my earlier advice to you that if you are not satisfy but believe it's APC propaganda, you can go and verify the truth from labour party governor who participated in the meeting.

No body has disclosed anything

U mean a source that doesn't want to be named?

No major newspapers carried it even the one that carried is quoting an unnamed source

stepaside1:

Subsidy meant NNPC did not remit into FG coffers so not enough funds to run govt thereby borrowing to fund infrastructure. We didn't borrow money to fund subsidy per se. There are subtle differences there

😂😂 lmao ok ooh

This is commendable. Let's sustain this for the next 4yrs. If we can set aside 1trillion monthly for the next 4yrs, our national reserve will be solid.

mrvitalis:

Supreme Court
U think it's the president?

Bros make una relax FAAC would state how much we made n to share very soon

So it's the supreme court that gives the govt the sharing formula, monthly allocation to FG, States and LGs?

HeroicMeastro:

So it's the supreme court that gives the govt the sharing formula, monthly allocation to FG, States and LGs?

The Constitution gives the sharing formula

Only the supreme Court can interpret the Constitution
Did study government at all

The President should commence the construction of the coastal rail-line from lagos to calabar with the N1trillion with immediate effect.

Adabestseason:
The President should commence the construction of the coastal rail-line from lagos to calabar with the N1trillion with immediate effect.

That's 11 Billion dollars project oo.

GeneralDae:

That's 11 Billion dollars project oo.

Understood but the one to maradi in niger is how much

The stupid state governor said they don't have money to pay the proposed new minimum wage.

EcoBrick:


https://thewhistler.ng/exclusive-state-governors-endorse-fgs-proposal-to-share-only-n900bn-from-n1-9trn-faac-revenue/

Hope is not what am thinking

APCNig:


Cry, weep, wail. You cannot do more than that. If you are not mentally unstable then you will not say the money is generated from taxes and ignore the fact that oil revenue is a major contributor.

Couldn't you have given your opinion without the insult? Honestly majority of you are cursed! I jz pity for your family members., Shame

Salebo:


Yes...

You as a person will keep getting poorer..

Not because of any other thing BUT...

YOUR MENTALITY!!!!!

As a man thinketh.....................

I understand your problem is generational, I see your pains, jz try and get help asap. It may never get well with you anymore, but at least try for the sake of your children.

mrvitalis:
I repeat this is a big lie and it's impossible
APC lies have caught up with them now they want a new propaganda

And you have forgotten that PDP and LP govs are part of the NEC? That amount of money shouldn't be pushed into the circulation every month

maasoap:

And you have forgotten that PDP and LP govs are part of the NEC? That amount of money shouldn't be pushed into the circulation every month

Faac had released its statement we made 1.15 trillion

mrvitalis:

Oga no need to rush... Federal account would be shared soon

How much we made would be stated, how much to be shared would be stated no need for all this propaganda ooh relax in few days e go happen

When you knew this will happen, why were you in a hurry to term the report propaganda? I don't think you know what you are doing at all

mrvitalis:
Which kind cock and bull story be this

Firstly governors and president do not and can't even decide how much to share even if they want to.... There is no such provision under our law

APC propaganda that we were to share 1.9 trillion was about to be bursted they now brought out this new propaganda


There was no 1.9 trillion anywhere... No where

Criticize reasonably for you not to become a fool.

maasoap:

When you knew this will happen, why were you in a hurry to term the report propaganda? I don't think you know what you are doing at all

Because and knew oh was a lie and I was right

FAAC released report yesterday we made 1.15 trillion not 1.9 trillion

mrvitalis:

No body has disclosed anything

U mean a source that doesn't want to be named?

No major newspapers carried it even the one that carried is quoting an unnamed source

Ok, I give up on your matter.

LagosFirstSon:
Let's just pretend that they're telling us the truth even when we know that a drug baron is the president

Nothing but a lie!
They're doing all possible to make sure he buys hearts over to think he's doing well but he's trying to play with the minds of Nigerians!

EcoBrick:


https://thewhistler.ng/exclusive-state-governors-endorse-fgs-proposal-to-share-only-n900bn-from-n1-9trn-faac-revenue/

Excellent decision!