₦airaland Forum

malificent:
Well deserved

Desyner:
She is saying we should borrow to invest in capital investment.

adetayo234:
People only doubt Sahara Reporter when the news doesn't favour them.

BlowBack:
Wasn't it this same clownish woman that said we must borrow without presenting any borrowing and repayment framework to the Senate?

Abegi leave matter for matthias

This woman obviously doesn't know what she is doing

BlowBack:
Shatap!

Ngozi said that with the backdrop of the increasing fuel subsidy due to high crude prices which said is making the fg to run a deficit and had to borrow to augment the huge wage bill.

She said this as a warning to why fuel subsidy must be discarded.

But you Afonjas gree?

BlowBack:
Shatap!

Ngozi said that with the backdrop of the increasing fuel subsidy due to high crude prices which said is making the fg to run a deficit and had to borrow to augment the huge wage bill.

She said this as a warning to why fuel subsidy must be discarded.

But you Afonjas gree?

Nbote:
U dat have top notch comprehension skills, U shld know her presentation of d issue is absolutely ridiculous and contradictory. Her latest comment is supposed to b issued together with d first to give its complete meaning. She is terrible at speech giving

BlowBack:
Am I the one borrowing?

Was she not the same idiot that was pursuing Buhari to borrow?

Even as commissioner of finance, ogun state all she knew how to do was help her sugar daddy bf borrow from banks

Kemi is clueless

bonnylight003:
he just entered one eye.

Omerta must be respected.. saying pim..even to his godfather tinubu na real gbege now.

North ain't kidding.. don't think the better south will be interested in the outcome.

only if you understand nigerian politics.

Abi no be tony blair enter naija wey e no send acting president.. but flew straight to north. same with kerry.

Nigeria belong to the north..Afons their slaves..KANU the real deal..

wake up

subtlemee:
He realised in 5mins it was a waste of time meeting with the president who's incoherent, not responding to stimuli and not orientated to time and place when there are other pressing issues to resolve back in Nigeria

CROWNWEALTH019:
Na preek bring her this far

itchie:
Stop defending incompetence

BlowBack:
Sharap!

Tell that cun.t to get her sh1t together

BlowBack:
We just heard recently from this vapid empty head confusionist stating that Nigeria can not afford to borrow anymore
www.nairaland.com/attachments/5644890_img20170713135917_jpeg0dd5f2b4232350cc41f9ac897492f177
But recall just last year this olodo was at forefront shouting why we must borrow $30bn

www.nairaland.com/attachments/5644889_img201707131359301_jpeg67c7d4f0860847def41ae4ddf30cd331

Now she is at it again shouting we must borrow!

How does this woman's brain operate that she can't even remember what she said just 2 days back?


The incoming administration of Bukola Saraki must make this woman remit all allowances and salaries she got as serving minister and from there deport her back to her council flat in london

The highly celebrated meeting between Acting President Yemi Osinbajo and ailing President Muhammad Buhari lasted for five minutes only according to Presidency officials in the know of the what transpired between the two leaders at the "Abuja House" in London.


When Acting President Osinbajo arrived London, he left behind his entourage and traveled in a car all with a few diplomatic staff alone to meet President Buhari in his abode.

Our sources state that President Buhari still has a major difficulty speaking audibly as his treatment continues for an ailment believed to be cancer, which is ravaging his system.

The bulk of time spent by Osinbajo in London was done arranging how to meet Buhari in person. According to sources when he arrived the Abuja House venue of the meeting it took at least 45 minutes to let him into where President Buhari met him privately only for five minutes before he was ushered out and spent some more time speaking with other aides of Buhari in the general area of the house before leaving Abuja house to return to Nigeria.

The meeting between Osinbajo and Buhari was not more than mere pleasantries according to our source who said Buhari shuttles between two hospitals, one outside London and the other one within the city, occasionally returning to “Abuja House” where he recuperates when his treatment is less intense.

No cameras or recording devices were allowed into the meeting. When Ag. President Osinbajo left Abuja House he was seen entering the car that brought alone with no sign of President Buhari in a brief video supplied by Reuters.

three:
Do you know what malfeasance is?

three:
Could this be done during this tenure?

three:
After this tenure those who are found to have sabotaged Nigeria through inept policies that further impoverish the weak and poor while continually enriching the highly placed and well connected should be made to face the FULL WRATH of the Law.

This is ADMINISTRATIVE MALFEASANCE!

Two days after the finance minister, Kemi Adeosun, said the federal government must move away from debt in funding future budgets, she clarified her statement saying Nigeria has no choice but to continue to borrow in other to implement the Federal Government’s Economic Recovery and Growth Plan, ERGP.

Speaking at the quarterly presidential business forum in Abuja, Mrs. Adeosun said Nigeria needs to generate more money to fund its budget.
“We need to mobilise additional revenue to fund our budget,” she said.

“We have got to get our budget bigger and to do that we cannot borrow anymore. We simply have to generate more revenue, we have to plug the leakages, we have to improve tax collection so that we can manage our borrowing.”

However, in a statement signed by the Director of Information, Federal Ministry of Finance, Salisu Dambatta, on Thursday, Mrs. Adeosun said Nigeria will continue to borrow to fund its budget.

“Nigeria will continue to borrow. Nothing has changed,” her spokesperson quoted her as saying.
“The Economic Recovery and Growth Plan provides for an increase in spending over a three-year period, which is reflected in the 2017 budget.

“In 2017, the government is committed to spending N7.44 trillion, with a projected fiscal deficit of N2.356 trillion, which will be funded by a combination of domestic and international borrowing.

“Nigeria’s debt to GDP ratio is low when compared to our contemporaries in Africa, and across most of the developed world.

“We have headroom to borrow and are doing so aggressively in the short to medium term in order to address our infrastructure deficit and to stimulate growth,” she said.

Mrs. Adeosun said that in addition to borrowing, the government was working towards having a diversified revenue base to ensure that the country do not continue to overly rely on debt to fund the budget.

“To build a sustainable economy we must replace the debt that we are incurring in the short to medium term, with strong revenue sources.

“That is why the Ministry of Finance is focused on expanding our tax base, which we are doing with a range of initiatives which include the Voluntary Asset and Income Declaration Scheme (VAIDS).

“Also, the recruitment of Community Tax Liaison Officers (CTLOS) is to improve tax compliance in the long-term, and we are heavily focused on making government spending more productive and efficient.

“Nigeria cannot rely on debt indefinitely. We must be focused on a future where we can earn enough internal revenue to spend on the projects that will grow our economy,” she said.

Mrs. Adeosun said that for now however, increased spending, funded by debt, would act as a stimulus for growth.
(NAN)

Fresca:
Two old men...
Make their black banana fall on me!