Kobojunkie:

Who are those that sang praises when the 2011 Budget was announced?

texazzpete:

You see the moronic folks we have in power now?

We've had the worst ever NECO and WAEC results this year. We have reports of a shocking decline in our tertiary education institutions. Our secondary schools are retrogressing badly.
Yet Education is not given any special attention in this year's budget!

texazzpete:

You see the moronic folks we have in power now?

We've had the worst ever NECO and WAEC results this year. We have reports of a shocking decline in our tertiary education institutions. Our secondary schools are retrogressing badly.
Yet Education is not given any special attention in this year's budget!

alj_harem:

thus private schools are doing the job well.

not many people take their children to public secondary schools.

the university bit, i agree with u on that

jason123:

That cesspit of corruption called NDDC should be scrapped! Imagine, NDDC collecting almost twice the allocation for Science and technology. What the FUC.k is "FEDERAL CAPITAL TERRITORY ADMINSTRATION – N45.57 billion"

Beaf:

As far as I am concerned, the FCT is the only county that deserves a monthly federal allocation, so its all in order. What we should question, is why the states get allocations from the FG, instead of funding the FG as applies across the developed World.

Dis Guy:

serious??   

jmaine:

The cynic bandits are in dha house and as usual emitting stench criticism for no just cause . . . The Good news is that your screams only ends here while the rest of us look forward to a proper implementation of the stated figures . .which is the most important

Gbawe:

The usual 'dem again us' talk. My brother, we are all Nigerians who saw the 2011 budget do nothing for Nigerians despite recieving praises the usual sycophantic praises. In real terms, there is nothing spectacular about this budget and with corruption running double what it was last year i.e 200% (   ) we can expect even worse implementation of the 2012 budget.

Bros . .we should be more concerned about the budget percentage implementation than allocation . . .even if an allocation of N1 trillion is designated to certain sectors people felt received low attention, and the implementation still remain poor as usual. . .how does it change the decay already on ground . . . That was why i said . . the implementation of the budget is much more important to me than who get whats . . .

As per your 200% corruption  tory . . .  : well    

jmaine:

The cynic bandits are in dha house and as usual emitting stench criticism for no just cause . . . The Good news is that your screams only ends here while the rest of us look forward to a proper implementation of the stated figures . .which is the most important

jmaine:


Bros . .we should be more concerned about the budget percentage implementation than allocation . . .even if an allocation of N1 trillion is designated to certain sectors people felt received low attention, and the implementation still remain poor as usual. . .how does it change the decay already on ground . . . That was why i said . . the implementation of the budget is much more important to me than who get whats . . .

As per your 200% corruption  tory . . .  : well    

Budget 2012 and public expectations
Tuesday, 13 December 2011 00:00 Anonymous


President Goodluck Ebele Jonathan is expected to present to the joint Assembly a budget of about 4.8 trillion for 2012. This will be Jonathan’s second budget, the first since the 2011 general elections in which he promised the economic transformation of the country. This budget is also the first prepared with the assistance of the new finance minister and former managing director of the World Bank, Ngozi Okonjo-Iweala. Thus, the environment in which the budget is prepared raises Nigerians’ expectations, especially in three critical areas.

To meet the goal of transforming the Nigeria economy for which the president has set himself, the 2012 Budget must set the tone for improvement in the quality of government expenditure in the coming years. In the past, many have argued for increase in capital expenditure. This is convenient. We believe improvements in the quality of government expenditure goes beyond increasing the ratio of capital expenditure in the budget. [size=14pt]It is about how goverment and the Nigerian people get the best value for every Naira spent. It is about how the government hopes to reduce waste, leakages and corruption.[/size]

Nigerians also expect that the 2012 budget will be more transparent than all the budgets before it. We often wonder why it cannot be stipulated in the budget what has been allocated to a particular project rather than aggregate budgets under recurrent and capital? The non-transparency of our budgets in the past have only served the purpose of strengthening non-accountability, corruption and the inability of the electorates to properly monitor the budgets.

The President and the minister for finance will also change the dynamics of Nigeria’s budget if they proceed to improve on the non-oil revenue of the government as the minister’s discussion leading to the budget today has shown. Year after year, the revenues from the revenue generating agencies of the government have demonstrated very clear inconsistencies with the level and growth of economic activities in the country.

We support the finance minister who seeks to limit the Federal Government borrowing in 2012 to 3 percent of our Gross Domestic Product (GDP). Despite considerable high oil prices, except for the period in 2008, the Federal Government borrowing has increased tremendously since 2007. During this period, the government has managed to both expend revenues from high oil prices and significant sums of money it had borrowed by issuing bonds at Nigeria’s capital market. At the same time, there is no tangible public investment commensurate with the level of expenditure.

We would also like to see that the 2012 Budget reflects the critical policy of the removal of petroleum subsidy. Though this policy is not sufficient in itself to bring about the much-needed investment in the sector, it is the minimum requirement, and without it, the investment will not happen.

We hope the President will also use the opportunity to give details of planned economic policy in the new year. In 2012, economic policies are important for growth, and in the coming years, sustainable growth.

Ejiné:

So, let me get this straight: There's a Security Budget, a Land & Housing Budget, a Water Resources Budget, a Science & Tech Budget, a Health Budget, then there's an FCT Budget? What exactly is this FCT Budget for if not also providing the above stated services? Shouldn't the above stated monies cover for the FCT, or is there something I'm missing here?

Ejiné:

And to be honest, this budget is sooo depressing. The recurrent expenditure is still almost twice the capital expenditure. For how long must we go on like this?

So you admit GEJ was lying when he claimed that Boko Haram is fast becoming a non-issue?

certainly not by putting more more into the generals to appease them, or what is the money for exactly? ransome fees?

Funkymallam:

@Gbawe. Last year benchmark was $70 and not $65/barrel

http://businessnews.com.ng/2011/12/13/nigeria-2012-budget-highlights-how-government-plans-to-spend-your-money/?utm_source=&utm_medium=twitter&utm_campaign=nigeria-2012-budget-highlights-how-government-plans-to-spend-your-money.

My main problem here is implementation.

2011 budget: Why we project $65 benchmark for crude oil -FG Go to article
bytribune 302 days ago

Efforts by the House of Representatives Committee on Finance to make the Federal Government jack-up the $65 bench mark per barrel projection for crude oil in the 2011 budget proposal was vehemently rebuffed by the Director General, Budget Office, Dr. Bright Okogu, saying any attempt to jack it up would spell doom for the 2011 budget proposal.