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Politics / Re: Bafarawa: Buhari Didn’t Visit Sokoto After Attacks As Our Lives Mean Nothing by Carlyscales: 9:31am On Dec 12, 2021 |
Jostoman: They have realised nothing. Wait till 2023 and see how they'll vote massively for APC again. I have better things to pray for jaree. 1 Like |
Celebrities / Re: Clem Ohameze In Tears As Prophet Jeremiah Fufeyin Gifts Him N8M For Surgery by Carlyscales: 7:01am On Nov 29, 2021 |
TarOrfeeek:Look at the money again |
Politics / Re: Names, Ranks Of 58 Policemen Indicted By Lagos #EndSARS Panel (Full List) by Carlyscales: 1:42pm On Nov 24, 2021 |
ba7man: Are u OK?? List of 48 victims all over the net all this while |
Politics / Re: APC Crisis Worsens As Sen Marafa Slams Gov Buni, Says He Didn’t Go To School by Carlyscales: 7:24am On Nov 16, 2021 |
BafanaBafana: It'll do you some good to research and hear from both parties b4 making your assumptions or conclusions |
Politics / Buhari Spending Billions On New Cars While Borrowing To Fund Government! by Carlyscales: 1:21pm On Nov 15, 2021 |
Since coming to power six years ago, the president’s office has spent N5 billion on vehicles – enough to build 500 health centres at N10 million each. Nigeria’s cash-strapped government will likely do everything to meet its big-on-paper-light-on-impact budgets except one: cut its administrative cost. As the government deals with budget deficits year after year, it prefers to pile debt rather than cut back on a costly lifestyle that has eaten away at national budgets for decades. A key beneficiary of that extravagant culture is President Muhammadu Buhari. The president preaches prudence in government spending in public, but the budgets he signs off annually tell a different story. In 2022, the president’s office will spend a whopping N1.6 billion on new vehicles – the fourth largest by any government office. That comes just a year after the office spent nearly half a billion on the same item. Since coming to power six years ago, the president’s office has spent N5 billion on vehicles – enough to build 500 health centres at N10 million each. It has spent billions more on food, uniforms, travels, a huge presidential air fleet, president’s hospital and more. The expenditures are an example of how Nigeria’s federal and state governments annually channel scarce public resources into projects that sustain their flashy lifestyles while critical programmes that should benefit citizens are perpetually underfunded. While the Buhari government has successfully increased Nigeria’s aggregate spending compared to previous administrations, a bulk of that rise still finances non-essential items. As the budgets and their deficits rise since 2015, so has the cost of governance that covers everything from fuel to printing paper to “welfare packages” President Muhammadu Buhari in his official car Nigeria's President Muhammadu Buhari and wife in official car Buhari spending billions on new cars while borrowing to fund big government Since coming to power six years ago, the president’s office has spent N5 billion on vehicles – enough to build 500 health centres at N10 million each. ByAyodeji AdegboyegaandRonald Adamolekun November 15, 2021 5 min read Nigeria’s cash-strapped government will likely do everything to meet its big-on-paper-light-on-impact budgets except one: cut its administrative cost. As the government deals with budget deficits year after year, it prefers to pile debt rather than cut back on a costly lifestyle that has eaten away at national budgets for decades. A key beneficiary of that extravagant culture is President Muhammadu Buhari. The president preaches prudence in government spending in public, but the budgets he signs off annually tell a different story. In 2022, the president’s office will spend a whopping N1.6 billion on new vehicles – the fourth largest by any government office. That comes just a year after the office spent nearly half a billion on the same item. Since coming to power six years ago, the president’s office has spent N5 billion on vehicles – enough to build 500 health centres at N10 million each. It has spent billions more on food, uniforms, travels, a huge presidential air fleet, president’s hospital and more. The expenditures are an example of how Nigeria’s federal and state governments annually channel scarce public resources into projects that sustain their flashy lifestyles while critical programmes that should benefit citizens are perpetually underfunded. While the Buhari government has successfully increased Nigeria’s aggregate spending compared to previous administrations, a bulk of that rise still finances non-essential items. As the budgets and their deficits rise since 2015, so has the cost of governance that covers everything from fuel to printing paper to “welfare packages”. The N16.4 trillion budget for 2022 has a shortfall of more than N6 trillion and recurrent expenditure of more than N4 trillion, meaning that for every N160 the government spends, N60 will be borrowed and N40 will go to financing government operations, not building badly needed roads and hospitals. Nigeria’s public debt has risen the most under the Buhari administration when compared to previous governments since 1999, and foreign debt has grown three times more than the combined figure recorded by the past three administrations, a PREMIUM TIMES analysis showed. The spending on vehicles follows a trend. For 2021, the president requested the National Assembly to approve N18.9 billion for the purchase of new vehicles for government offices. Of that amount, N336 million was proposed to buy new vehicles for the president. In the new budget, the president will spend N1.6 billion on new vehicles while the vice president will spend N30 million on new vehicles. President Muhammadu Buhari in his official car Nigeria's President Muhammadu Buhari and wife in official car (PHOTO CREDIT: Official Instagram page @bayoomoboriowo) Buhari spending billions on new cars while borrowing to fund big government Since coming to power six years ago, the president’s office has spent N5 billion on vehicles – enough to build 500 health centres at N10 million each. ByAyodeji AdegboyegaandRonald Adamolekun November 15, 2021 5 min read Nigeria’s cash-strapped government will likely do everything to meet its big-on-paper-light-on-impact budgets except one: cut its administrative cost. As the government deals with budget deficits year after year, it prefers to pile debt rather than cut back on a costly lifestyle that has eaten away at national budgets for decades. A key beneficiary of that extravagant culture is President Muhammadu Buhari. The president preaches prudence in government spending in public, but the budgets he signs off annually tell a different story. In 2022, the president’s office will spend a whopping N1.6 billion on new vehicles – the fourth largest by any government office. That comes just a year after the office spent nearly half a billion on the same item. Since coming to power six years ago, the president’s office has spent N5 billion on vehicles – enough to build 500 health centres at N10 million each. It has spent billions more on food, uniforms, travels, a huge presidential air fleet, president’s hospital and more. The expenditures are an example of how Nigeria’s federal and state governments annually channel scarce public resources into projects that sustain their flashy lifestyles while critical programmes that should benefit citizens are perpetually underfunded. While the Buhari government has successfully increased Nigeria’s aggregate spending compared to previous administrations, a bulk of that rise still finances non-essential items. As the budgets and their deficits rise since 2015, so has the cost of governance that covers everything from fuel to printing paper to “welfare packages”. The N16.4 trillion budget for 2022 has a shortfall of more than N6 trillion and recurrent expenditure of more than N4 trillion, meaning that for every N160 the government spends, N60 will be borrowed and N40 will go to financing government operations, not building badly needed roads and hospitals. Nigeria’s public debt has risen the most under the Buhari administration when compared to previous governments since 1999, and foreign debt has grown three times more than the combined figure recorded by the past three administrations, a PREMIUM TIMES analysis showed. “The revenues are simply inadequate to fund fundamental expenditure, therefore, every available fund should be spent with the greatest value for money, tied to a high-level national policy framework and aimed at improving livelihoods, growing the economy, reducing poverty and inequality,” said Eze Onyekpere of the Centre for Social Justice, whose organisation launched an initiative to identify wasteful items in the 2022 budget. President Muhammadu Buhari's official vehicle “It is against this background that the pull-out of frivolous, inappropriate, unclear and wasteful expenditure calls the attention of the executive, legislature, private sector, civil society including the media to these frivolities at a time of grave national crisis.” Mr Onyekpere condemned the culture of assigning billions of naira annually to projects such as “routine maintenance”, “foreign and local travels” and purchase of computers. “According to the 2022 budget call circular, resources are to be allocated based on actual needs, in line with the immediate needs of the country as well as government’s developmental objectives and priorities. Starting from the presidency’s state house headquarters, the pull-out calls on the leadership to lead by example. “Spending billions of naira every year on routine maintenance of statehouse facilities is a huge waste. All statutory transfers are stated as lump-sum provisions without details. No person, government agency or organisation has the right in a constitutional democracy to spend public funds in a way and manner that is unknown to the ultimate sovereigns, being the taxpayers and citizens.” Rising Administrative Cost The spending on vehicles follows a trend. For 2021, the president requested the National Assembly to approve N18.9 billion for the purchase of new vehicles for government offices. Of that amount, N336 million was proposed to buy new vehicles for the president. National Assembly Complex In the new budget, the president will spend N1.6 billion on new vehicles while the vice president will spend N30 million on new vehicles. In this regard, the president’s office is only surpassed by the Federal Road Safety Commission which intends to spend N1.7 billion on operational vehicles; the Nigerian Correctional Service (N1.1 billion); Ministry of Works and Housing (N720 million) and Ministry of Health – headquarters (414 million) and Ministry of Defence ministry (N835 million). The presidency is also seeking the allocation of N21 billion for the construction of a new presidential wing for the president and his family as well as vice president and his family. The government plans to spend N19 billion on software, with the presidency amongst the biggest spenders. https://www.premiumtimesng.com/business/business-news/495341-buhari-spending-billions-on-new-cars-while-borrowing-to-fund-big-government.html
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Politics / Re: IBB Congratulates Soludo by Carlyscales: 10:37pm On Nov 11, 2021 |
sexyking1: I think it's basically these: .1) the caliber and pedigree of the Gov elect. Its always better to have educated/exposed technocrats , who have succeeded and have grown wealth personally, to manage state n federal resources. You can see how Buhari, lawan and Tanko are currently mismanaging the country 2) many were scared of what may become of SE and by extension SW and Midbelt if the threat by secessionists scuttles the elections. So, it's more of sigh of relief, by the outcomes at the end of d day. 3) Due to horrible blunder of Fg and supreme Court In imo. Most Nigerians ( including Apc members) wanted a scenario where either pdp or Apga wins it fair and square in Anambra 4) Since its an off season election. There's plenty room for many to congratulations. Obviously we can't be congratulating Buhari for borrowing more money and mortgaging future generations, neither can we do same to Amaechi for borrowing money to build railway to niger ��. 5 Likes 1 Share |
Politics / Re: Things You Don’t Know About Solude, Anambra State Governor-elect by Carlyscales: 3:58am On Nov 11, 2021 |
ZKOSOSO:Yeah, but it's still better to have an educated agbero as Gov than one from the park/Street/Creek |
Politics / Re: YPP's Ifeanyi Ubah Congratulates Soludo. Appreciates Family,friends & Supporters by Carlyscales: 8:14pm On Nov 10, 2021 |
Charisma01: Have APC not been rigging elections through inconclusive runs before? |
Politics / Re: Soludo Loses First LGA As Ifeanyi Ubah Clinches Nnewi North by Carlyscales: 5:17pm On Nov 07, 2021 |
venabili: Yes I think it was mostly in Abatete and a few other wards in idemili North. But ultimately apga still won idemili North with smaller margin. |
Politics / Re: Soludo Loses First LGA As Ifeanyi Ubah Clinches Nnewi North by Carlyscales: 4:29pm On Nov 07, 2021 |
Chukdobz20: https://inecelectionresults.com/elections/61865a0b3b9914634e0ebafe U need creat profile n log in |
Politics / Re: Anambradecides2021: See Scores Of Parties After 11 Lgas Results Collated by Carlyscales: 3:34pm On Nov 07, 2021 |
Idemili North results can deliver for Apc oo. Go check inec portal |
Politics / Re: Soludo Loses First LGA As Ifeanyi Ubah Clinches Nnewi North by Carlyscales: 3:32pm On Nov 07, 2021 |
TotoGame: You need to go check inec portal for the uploaded result for idemili North. Apc is doing electoral magic there. That results for apc can be turn d tables 1 Like |
Politics / Re: Anambra Governorship Election 2021: Live Updates And Monitoring by Carlyscales: 1:57pm On Nov 07, 2021 |
kelsidengkucio: Hmm! You need to go check idemili North results on inec portal. It's a scary one. The Apc margin there can turn the table oo 1 Like |
Politics / Re: Update on developments in Anambra state-photos by Carlyscales: 1:53pm On Nov 07, 2021 |
AuntLaVIV:We have to be careful oo The idemili North results I'm seeing in inec portal can overturn all the gain of Apga oo |
Politics / Re: Soludo Defeats Andy Uba And Ozigbo In Their LGAs - Premium Times by Carlyscales: 9:19am On Nov 07, 2021 |
Tutu19:Yep, I actually believe that Ozigbo is the best of them 2 Likes |
Politics / Re: Congratulations Chukwuma Soludo. by Carlyscales: 9:14am On Nov 07, 2021 |
Afamsi: Your ignorance is palpably legendary. Ozigbo with global CEO ratings while in transcorp is illiterate abi |
Politics / Re: Nigerians Cry Out Over High Cost Of Cooking Gas by Carlyscales: 10:54am On Oct 31, 2021 |
houseontherock: You r waiting to get the truth from Lie Muhammad Continue deceiving your self there! We have moved abeg!
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Politics / Re: Mbaka To Buhari On IPOB Sit-at-Home: Negotiate With Igbos, Nigeria Sinking by Carlyscales: 10:38am On Oct 31, 2021 |
tsdarkside: So BH & bandits that this govt have been negotiating with and paying ransome to. What r they, patriotic nation builders?? It's only a foolish husband that will welcome to his home, hired assassins with open arms, and seek to kill the mother of his children, all because she asked for divorce. |
Politics / Re: EFCC Denies Raiding Justice Mary Odili's Home by Carlyscales: 10:07am On Oct 31, 2021 |
Commentor:Have gone through your take more than once and can't seem to decipher the better sense of yours. May be u could clear my doubts. |
Business / Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Carlyscales: 4:21pm On Oct 24, 2021 |
toblosky:Not in d case of bank. An individual can't have more than - 5% in person and 15% via proxy -of a banks total shares, or so. He's currently the single individual with d highest shares of FBN. So should ideally become d bank chairman. |
Business / Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Carlyscales: 4:17pm On Oct 24, 2021 |
mrkels: He's currently the single highest shareholder of d Bank shares. Ideally he's supposed to become the chairman of the the bank |
Politics / Re: Igboho, Nnamdi Kanu More Popular Than All Politicians Put Together – Peter Obi by Carlyscales: 8:13pm On Oct 19, 2021 |
Before nko! |
Politics / Re: Man Fetching Well Water From A Four Storey Building In Lagos by Carlyscales: 5:29pm On Oct 17, 2021 |
Someone actually said we are all not normal in this country. And that the normal ones have all left the the nation. |
Foreign Affairs / Re: Bill Clinton In Hospital For 'Non-COVID Infection' by Carlyscales: 6:28am On Oct 16, 2021 |
He was admitted for sepsis infection |
Politics / Re: Update on developments in Anambra state-photos by Carlyscales: 2:03pm On Oct 15, 2021 |
PROUDIGBO:Soludo is good no doubt. But I think Ozigbo will definitely perform if given a chance. Maduka as well 4 Likes |
Politics / Re: Update on developments in Anambra state-photos by Carlyscales: 2:03pm On Oct 15, 2021 |
PROUDIGBO: Soludo is good no doubt. But I think Ozigbo will definitely perform if given a chance. Maduka as well 1 Like |
Politics / Re: Nigerians Shocked To Discover That Benin Republic CFA Has More Value Than Naira by Carlyscales: 1:32pm On Oct 15, 2021 |
benuejosh: Fine! What exactly has Buhari done well for our economy and security in d 6yrs plus that he has been there?? 2 Likes
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Politics / Re: PDP Convention: Ayu, Shema, Nazif Battle For National Chairman Position by Carlyscales: 7:11am On Oct 14, 2021 |
This whole exercise looks democratic enough. Good one PDP! |
Politics / Re: Pandora Papers: I Have $15 Million In Offshore Accounts - Peter Obi by Carlyscales: 2:56pm On Oct 11, 2021 |
soulfood:Chill brooo! Is not Everyone that earns salary and operates under nijja yeye economy jaree 5 Likes |
Politics / Re: 2022 Budget: FG To Spend N12.5bn On Presidential Air Fleet by Carlyscales: 9:58am On Oct 10, 2021 |
TripleOh7: Maradi poverty is even worse than Katsina sef. Baban Barawos Masquerading as pious leaders 1 Like 1 Share |
Politics / Re: 2022 Budget: FG To Spend N12.5bn On Presidential Air Fleet by Carlyscales: 9:52am On Oct 10, 2021 |
decasey: Baban Barawoo! |
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