A link to a document circulating on Facebook re how the "savings" would be spent. I am not sure if this has already been circulated on Nairaland. I'm still reading it so can't comment yet.

https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B_VI3W_cAwMeNTljY2JmOWYtN2M4Yi00MGI0LWE2MTctYTUxMTM0ZDVkNDRm&hl=en_US

If the link doesn't work, let me know.

Total annual "savings"= N1,134bn


Beneficiaries are
FG: N478bn
States: N411bn
LGA: N203bn
Other: N42b
Total:N1,134bn

The reports lists out various projects, but I'm uncertain if these projects haven't already been accounted for and budgeted elsewhere.

This is nonsense - pure one.

We know how this works - palliatives must be direct, significant and immediate.

VoodooDoll:

Total annual "savings"= N1,134bn


Beneficiaries are
FG: N478bn
States: N411bn
LGA: N203bn
Other: N42b
Total:N1,134bn

The reports lists out various projects, but I'm uncertain if these projects haven't already been accounted for and budgeted elsewhere.

Tis Voodoo economics  .

Projects that should have been met by the annual budgets are now magically subsidy projects.

Benin-Ore road, Abuja light rail etc are all included. I shall reserve my comments for now but it's voodoo economics.

There is soo much sharing going on and very little info on palliatives and shock absorbers.

The fact of the matter is, if history has taught Nigerians anything it is how Govt after govt mismanage our revenue.

I am of the opinion that no Govt in this country has any moral right to remove subsidy or increase taxes we have not exploited other avenues of making savings!
How about the cost of govt itself and the cost of maintaining the NASS/Presidency. This is where any savings or austerity measures must begin from!

I'm yet to get a simple explanation on what comprises the fuel subsidy.

Most of the stuff I read has a hint of conspiracy theory to it. Even Pat Utomi has kicked off on twitter and Facebook but still no clear explanation.

The doc attached above is at best an outer layer for a Suya cover.