₦airaland Forum

vikacydevato:
I only trust God for the progress of Nigeria not any politician.

Nicur:
Chai Zombies will not like this!! Op get ready they will come after you!

iduzebaba:
Pics of the budget or anobilivam

Calebsky:
BETWEEN A CRIME PAST AND ONE ONGOING: THE BUHARI 30 BILLION DOLLAR BUDGETED HEIST

(If you are really a patriot and not just against an Ijaw GEJ man or PDP, if your interest is truly Nigeria's progress, you will take time to read this and go through the Buhari budget and see that while whatever GEJ did or did not do is past, THIS ONE IS ABOUT TO HAPPEN and you, APC or PDP supporter, if you care about your finances and that of your children, you will speak up and STOP THIS CRIME FROM HAPPENING instead of waiting for next admin to try to recover funds. STOP THE ANINI BUDGET NOW!!
Hear as economic genius of our generation Kalu Aja, aids us with this heads up. Hear him.)

The $30b 2016 Federal budget as proposed is simply fraudulent, there is just no way else to put it.

I had written earlier about the absence of the Education budget on the website of the Budget Office, yes there is a link to the Education budget, but click on it and it takes you to the Defense Budget. So in effect, the education is “missing”.

Undeterred, I looked at the Consolidated Budget to find the Education budget, I wish I did not.

This budget was termed and advertised as a “zero-based” budget, unfortunately, this budget is a fraud, anyone who approves or signs this budget is complicit.

Let me give you a few examples in this ‘missing” education budget, Federal Government College Garki has a cost N400,237 repeated 20 times…20 times! local transport, books, security, maintenance, etc etc etc, all the same cost for N400,237

Federal College Ijanike has N350,362 repeated 12 times, how can newspapers, cleaning, Legal, sporting etc etc etc all cost the same?

Federal College of Iket Nise as N1,278,682 repeated 8 times…. How? water, drugs, training…all cost exactly N1,278,682?

And it goes on and on and on……

Now, before you assume it’s just restricted to the Ministry of Education, the ministry with the highest allocation, the behemoth Ministry of Works, Housing and Power has a line items repeated 7 times i.e. “Generation of 700mw from Zungeru Hydropower project is duplicated 6 times!

These are just the duplication, what about the appropriateness of the expenses?

The State House Hospital, just one hospital gets more allocation than all of Nigeria teaching hospitals combined….

Let me be very clear, the State House Medical Center get a proposed capital appropriation of N3.8b, the combined total of the capital vote for ALL teaching hospitals in Nigeria is about N3.0b….no wonder the capital vote is high this year….

Could the equipment being purchased for the State House Hospital not be installed in the National Hospital, so all Nigerian can use it?

I am just disgusted….

This has implications for all of us. You see in any budget, you list your revenues, then your expenses, the difference is either a deficit or a surplus….in Nigeria case it’s a deficit, a deficit of N2.2t….to fund this N2.2t, Nigeria will borrow $25m a day, yes Twenty-Five Million Dollars a day!

you and I will pay for this borrowing, remember oil has crashed, that’s why you’re seeing “stamp duty taxes" everywhere

The defense given is that we are borrowing to fund the capital vote, to build roads and rails, this is false. We are borrowing because the recurrent vote has been bloated with numerous repeated “N400,237” and “N1,278,682”.

If the recurrent vote is properly audited and these duplication cleaned out, the difference between the revenues and expenditure will fall, and subsequently the borrowing will fall….

This budget is a fraud in intent and content, and truly I am ashamed this fraud has been presented and has been actually passed to second reading….so this will pass?

We will actually spend more capital vote on one hospital than ALL teaching hospital COMBINED?

I have to stop here; I don’t want to abuse people….To hell with your anti-corruption ……to hell with it….

see education budget here. from page 1346....http://www.budgetoffice.gov.ng/…/Consolidated%20Appropriati…

See other noted errors here:
http://www.budgetoffice.gov.ng/index.p…/component/…/article…

By: Kalu Aja
An Economist

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the thunder wey go strike Monchengladbach dey one side dey do press up

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ziccodinho:
cant wait bro. dont forget underdogs too