₦airaland Forum

@Demdem, Dayokanu

Do you have work? Or is your work to flood every
thread with hate-filled, deceptive and anti-GEJ posts?

Is GEJ the cause of your poverty? Get yourself something
reasonable to do my friend and stop jumping from one thread to another
with your meaningless posts.
Everytime retardeen retardeed retardeen retardeen retardeed retardeen . . . . .

Your posts are boring.

Heart-warming

But seriously, can only GEJ, his wife, Ashiru and Azazi travel alone to UK for a function?

Let us even come down to state level.
Can Fashola, his wife and two commisioners travel alone to a function in Calabar?

It is not possible. There are a lot of activities that go on behind the scene - Media Assistants,
Pilots, domestic aides, security aides etc have got to travel also.
I have no doubts those are the onse Sahara reporters is refering to as having acquired visas.

doctokwus:
Wen I saw Kolade SURE board being inaugurated I sed to mysef: so this old man cud easily be this hoodwinked.Now GEJ has come out to prove me right,I bet,evn if d entire sbsidy were removed,d story wud still b d same

Geraway my friend. you've not been proved right anything.
The Kolade board will now work with the new document that is based on N97.

This man should be sacked.

@Demdem

You are a biggggg OLODO.

Please define sincerity. A president tells you the truth that the former SURE document was
based on zero subsidy and that a new document to be based on N97 would be
prepared and you call that insincerity?

So, in your mind you expected govt to subsidise to the tune of N880 billion and
still impliment the SURE document to the later. From which savings?

Mr Man, Wake up! Wake up and reason objectively for once.

Dotman01:
Now that the SURE programme isnt feasible,  When is he going to revert the pump price back to #65. . . We're waiting.

It's not about reverting to N65.

What he said was that the innitial SURE document based on N141 as distributed by the
Finance Minister was no longer practicable. A new document in line with the realities at
N97 will be prepared. Only a fool will think otherwise.

Dunces, Mumus plenty for this nairaland.

So with all the Occupynigeria protest and government's reversal
of it's policy on subsidy removal, some of you goatheads still think govt was
going to proceed with that SURE document from Okonjo Iweala. How?
Can you eat your cake and have it?

GEJ is just being honest to Nigerians. Simple.

none

@Ekt bear and co

What is wrong with FG urging Chevron to
provide electricity to host community. You are not familiar with Niger delta,
this is very small thing to do. It's not new. They are numerous of such
communities enjoying free and stable electricity supply from multinationals.

Some of you on this forum are simply mumus, seriously.
For God's sake did Chevron complain? Even common Aluminium Smelter company
that is operating far below capacity still provides stable electricity to Ikot Abasi.

Seriously, your hatred for GEJ is beginning to affect some of you psychologically,
just hope you don't go mad.

Aliyu is a politrickcian

But the bill will still require the president's
assent to become law, abi?

diluminati:
I'm still trying to figure out if you have anything to do with GEJones govt. The way you've spread disinformation in this forum warrants a 'fatwa' on you. (pun intended)

No sir, I support Beaf 100% on this one.
It is people like you that I sometimes wonder if you reason with anus.

What's the criteria for posts making the homepage?
Why must every post by Mukina2 make the homepage?
How does this post qualify for homepage?

Anyways, welcome back Tinubu eventhough I can't really say
how your homecoming puts food on my table.

We rejected removal of fuel subsidy.
Now a whopping N888bn is budgetted again to
enrich dubious marketers.

Worst still, by December 2012, they will tell us that actual
subsidy payment has risen in excess of 2 trillion naira. Is that
what we want?

REVISED 2012 BUDGET: FG provides N888bn for subsidy


On February 16, 2012 · In Headlines
,
Email2

By Omoh Gabriel, Business Editor & Emma Ujah
LAGOS—The Federal Government has revised the provisions of the 2012 budget and set aside N656.3 billion as subsidy for petroleum products for the year. This was disclosed by the Minister of Finance and Coordinator of the economy Dr Okonjo-Iweala, while briefing the media on key developments around the revised 2012 budget.

The minister explained the process through which the estimated amount of subsidy for 2012 was arrived at. She stated that after “extensive consultations with NNPC and PPPRA, the amount required for 2012 was estimated using 2008 as baseline year.


President Goodluck Jonathan with Vice President Namadi Sambo at the weekly meeting of the Federal Executive Council at the State House, Abuja. Wednesday. Photo by Abayomi Adeshida 15/02/2012

Year 2008  was used as a baseline since subsidy payments and other associated factors were fairly stable. Based on several assumptions and parameters, the amount of subsidy to be provided in 2012 is N656.30billion while the revised amount to be provided for 2011 carried over is N231.8billion.

“This means that the total projected expenditure on subsidy is N888.1billion, of which N155bn is already provided in the 2012 Budget. This has resulted in a net addition of N733.1bn. The FGN share of the projected subsidy expenditure is N374.73bn, while states and local governments will share the balance. Dr Okonjo-Iweala stated that despite many challenges, government is determined to be prudent while pursuing the best interests of Nigerians.

Explaining the decision to revise the budget she said: “In its determination to ensure a smaller and more effective budget, the Federal Government has achieved significant reductions in the 2012 revised budget which has been transmitted to the National Assembly. The revision became necessary as a result of the need to make provision for subsidy arising from the partial deregulation under which the price of PMS was reduced from N141 per litre to N97 per litre.

“The reductions, which amount to about N100 billion, were taken from a host of areas in the budget including administrative, training, transport and other costs. Also the campaign against waste and leakages has also notched up significant success as N74 billion has been saved through biometric verification of workers and pensioners which has simultaneously led to a reduction in the pension budget while improving the processes for paying genuine pensioners. The minister explained that the 2012 Fiscal Framework earlier submitted to NASS assumed 100 per cent subsidy removal and only N155billion was provided for carryover of 2011 subsidy payments. The estimated figure for 2012 is now N888 billion inclusive of some carry-over from 2011.

Progress in spite of reduced revenue

“Following the controversy over the deregulation and government’s decision to implement partial subsidy removal with PMS pump price of N97/litre and kerosene still fully subsidised, the government has faced the challenge of achieving the objectives of the budget within the context of reduced revenues. The savings made and the cuts achieved underscore the seriousness with which the Federal Government views its mandate to make a difference in the lives of the people against all odds”, says the minister.

Reducing the deficit

According to her: “At the directive of Mr. President and in line with his commitment to minimize the fiscal deficit and domestic borrowing several steps were taken to bring the deficit to a more manageable level. These include; steps taken to squeeze further resources from revenue generating agencies. IGR was increased by N53.3bn from N393.46bn to N446.78bn as a result of an ongoing engagement with these agencies. The Pension Task Force made a recovery of about N151bn of which N74bn has already been reflected in the budget. She further said:  “Cuts to aggregate expenditure were made as follows: Transfers were reduced by N25.34bn; Service Wide votes were reduced by N24.39bn from N337.08bn to N312.69bn; Overhead vote was reduced by N17.75bn made up of

This comes as a result of: Capital vote  reduced by N35.53bn from N1.319 trillion to N1.284 trillion, as a result of the removal of administrative capital items such as procurement of fridges, fans, vehicles, etc.; construction of office building (except on-going projects); purchase of land and office furniture; Purchase of computers”  Continuing she said “These efforts resulted in savings of about N100billion, with aggregate expenditure coming down from N4.749trillion to N4.649trilliion.

“The fiscal deficit increases slightly from 2.77% of GDP as in the original Budget proposal to 2.97% of GDP under the revised budget.  This deficit will be financed through the traditional sources such as Privatisation proceeds and Signature bonus. In line with the focus on prudence, domestic borrowing requirement is kept constant at N794.4bn. Also, the additional amount required to finance the deficit will come from the Excess Crude Account”.

http://www.vanguardngr.com/2012/02/revised-2012-budget-fg-provides-n888bn-for-subsidy/

Amosun is here scrapping Universities just
because there were set up by Gbenga Daniel.

racino:
Please can you give us the address of that house?

Can't spot out the address correctly now.

Do you live in Abuja?
From Berger (Zone 6) stop at NICON junction, ask any KEKE/Cab operator
about Buhari's Mansion in Minister's Hill. It's a popular place among
residents of that area. If I'm lying let me be banned from Nairaland.

Buhari has one of the finest mansions in Minister's Hill, Maitama.
Every Cab/Keke NAPEP operator around Maitama knows it.
I drove past there in December.

Anyone that lives around Maitama can interview cap operators or residents there.
It's a shame to resort to peddling lies to score cheap political points.

Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie
Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie Lie

Buhari has one of the best and finest houses in Minister's Hill,
maitama, Abuja.

Useless, stupid propaganda.

Demdem:
i agree. for those not yet in school if u have any of these options, kindly ignore Uniport as a whole.
IMO, that place no be school. OAU, LAG is more like it.

You are bringing your tribal bigotry to Education Forum.
Have you been to PH or UNIPORT before? How much do you
know about Nigeria outside Lagos, Ibadan and SouthWest?


Some of you don't even travel out to other parts of Nigeria.
You spend all your life in Lagos - Agege Primary School,
Bariga grammar School and part time LASU. You even lobby
your NYSC back to Lagos.
Why won't you feel that Lagos or SouthWest is Nigeria?

My advice, you need exposure, honestly. Travel especially
to these places you look down on.

Graduated from there too . . . will be back with the reply.

Ok, currently I pay N1,210 every month as electricity bills.
If I now pay N2,100 or so and get power supply
I'll be better-off than fueling my generator all the time.

Bottomline. . . not the tariffs but stable power supply that matters.

My friend with NAFDAC was paid over a week ago.
But seriously, do most of these Civil Servants actually deserve salary?

Your Buahari should be more intelligent than this crapppp.

First, you seems to be the only one dragging this thread
this long since October 2011, noone else seems to be interested.
Nigerians are wiser.

Let me school you. Upstream and Downstream activities are not the same.
Unfortunately, the Shell, Mobil, Chevron, Agip etc involved in upstream activities
do not belong to Nigeria. You cannot expect to get free crude from them.
They too are in business to make money. They produce and in partnership with NNPC sell crude.
Nigeria's own 54% or so share goes into Federation Account (to be shared by all three tiers of government),
Excess Crude Accounts/SWF and 13% derativation to oil producing states.  Your Buhari analogy that all Nigeria
needs to pay for is cost of labour is outright deceit.

If you say there is no subsidy why is fuel selling for N177 (Ghana), N184 (Cameroon), N179 (Togo) and N174 (Benin)?
These are examples of countries with zero subsidy regimes.

Regardless of the orchestrated distraction,. . . . . I want
to call on all those who may continue to view issues only from the prisms
of partisan politics to take a break. GEJ

Hope ACN in particular is listening.

ACN politicises everything in this country. Besides, lack of policy continuation
will kill us. It is very clear that this reversal is political, just because these tertiary
institutions were set up by Gbenga Daniel.

If I may ask, why can't the institutions be funded sufficiently?
The former governor identified education as one area of strenght of Ogun
state and decided to build on that.Education is big business around the world.
Ask Britain, Canada or even our neighbour Ghana what it rakes in from Education.
Why can't Amosun build on this to make Ogun the Education hub of Nigeria and even Africa.

Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

My colleague in the office who does not have account
on nairaland just asked me to shout YES.

That his insticts tells him GEJ will be the greatest Nigerian leader.

Yes

The election was generally peaceful, free and fair.

Visit Calabar, it is unarguably the cleanest.

Which billion dollar question?
Cheap question if you would ask me.

I what way are Amosun, Aregbesola, Fayemi, Tinubu
better than Amaechi, Donald Duke, Akpabio, Chime, lamido?