₦airaland Forum

Who are these dumbos who keep asking if the project was originally in the budget?... What kind of silly question is that?.... If the Lagos-Calabar rail project wasn't in the budget, so how could something which wasn't in the budget be 'removed' from the budget?

So why is it news if it wasnt ever in the budget?

saintikechi:
Honestly I'd rather give GEJ another 100yrs to rule, and continue getting constant supply of fuel and electricity than this idiot you call the dullard of duara, who has proven to be the clueless one indeed. He has no idea of governance whatsoever, he should go back to cattle rearing before he completely destroys this country.

Delusion of grand proportions; you are either suffering from selective amnesia or you are just suffering from ignorance, or maybe it's just a case of sentiments blocking your ability for objective judgement.

After squandering all your money on God knows what, the very second oil prices began to drop, GEJ your hero could not pay fuel importers their bills accruing from August 2014 till May 2015 when he handed over. Let me remind you of what happened in May 2015 under your GEJ since you claim to have forgotten, Nigeria suffered the worst fuel scarcity ever in history where banks had to close for business and airlines had to park their planes because there was a total lack of fuel. That is what you get when you irresponsibly spend money because you think it is plenty and then when the money dissappears, everything falls apart. Just a reminder to you that oil prices have since fallen to about half of what it was GEJ was handing over. I dont expect you to understand the implications of that though.

Did you just say GEJ gave you uninterrupted power supply?.... Did you just say GEJ gave you constant light?... Idi sure na idi okay? Your sense of history has obviously been deflated by some stinking tribal/ethnic/religious bigotry.

denko:
It is a fact that the item in question was never in 2016 budget i can send a soft copy if you want to vanish your zombie mentality, cos it came from buhari mentality it must be true mentality

You are right, I can't claim that I saw it in the budget too, but I cant also claim I saw the last version of the budget. But then again, if it was never in the budget, so why is it news?... Why is it news that something which was never in the budget has been removed?....

livebullet:
...GEJ was way better than this govt of empty promises. ONE CHANCE!

OIL PRICE; anyone that does not yet appreciate the link between the present economic downturn and the oil crises is not worthy of an explanation cos even if explanations are given from now till next year, they would be too intellectually challenged or too angry to understand. As for those who claim it would have been better if the last useless locust administration continued, it would be in order to say such persons are suffering from selective amnesia, cos as at the time the last useless admin handed over, Nigeria was crippled by the worst fuel scarcity in history.

Even though oil prices were still double what it is today, the last useless admin claimed it was also oil price which led to the scarcity of last year. A GEJ who enjoyed unprecedented oil revenue but couldn't build a single make-shift modular refinery, neither could he even save anything in the forex reserves for at least, there could have been some disposable forex to import more fuel today and the present scarcity wouldn't have been the case. But here we are, a confused Jonathanian claims GEJ was better.

OLD NEWS!!!

cc: Mynd44

Why is everyone digging up this old news?... Where is this confusion coming from?

cc: Mynd44

denko:
SHUT UP When did your Buhari started caring about 5% stop this sentimental and sensational drama

But the man who doesn't care about 5% budgeted billions for a projects in 5% zone and 5% senators cheered on while the senate removed the projects. Now the same man who hates the 5% has rejected the budget and returned it to the senate for the removed projects to be re-included, but some of you are insulting the man of being confused and delaying.

You know before now I really underestimated the psychological damage that could arise from people having their preferred candidate losing an election. But it is now clear a lot of people are still in psychological trauma.

xcuggsm:
THIS IS THE MOST ARTICULATE SUBMISSION ON THIS MATTER THUS FAR.

IF THE UNDERLYING PURPOSE OF THE PROPOSED LAGOS - CALABAR RAIL LINE IS TO FACILITATE THE MOVEMENT OF GOODS FROM THE LAGOS PORTS TO OTHER SOUTHERN STATES, IS IT NOT BETTER TO DEVELOP THE CALABAR PORT INSTEAD?
.
AFTER ALL OVER 80% OF GOODS ENTERING THE COUNTRY THROUGH THE LAGOS PORTS END UP IN THE SOUTH EAST.

What is so articulate about assuming the purpose of building the Lagos-Calabar rail is mainly to carry goods?...What ever happened to humans?

TheFreeOne:
It is more profitable to import petrol than refine locally - Kachikwu.

But the govt still approve licenses for refineries. A classic case of confusion, incompetence and cluelessness.

Sometimes I wonder why supposed adults reason like infants.

For any mentally sound human with basic comprehension abilities, what is confusing about the fact that, since our refineries are presently rotten, it is more profitable at the moment to import fuel than to run the rotten refineries?.... And to remedy this situation, licenses are being issued to investors to build new efficient refineries.

For the love of God, where has the brains of some Nigerian youths gone to?

Amitex:
To all those shouting NASS this and that, let us wait for their reply. As for me, we do not need a coastal rail to be financed by concession. That means that the Chinese would build, operate and transfer the project, just like Lekki concession projects. If you understand what that means.

Questions to ask are:

Why not develop any two of Calabar, Warri and Onne or any other seaport with this fund? That would decongest Lagos ports and be of better benefits to SS & SE, if you love the people so much. Unless we are saying that SS & SE would perpetually be dependent on Lagos for import and export.

Why rail, to serve what purpose? To move goods from Lagos to the SS and SE? Why not complete the second Niger bridge instead?

Why are you concessioning only the Calabar-Lagos rail of all rail lines in Nigeria? Meaning, the cost would be recouped from users who incidentally would be SS and SE.

We should reason things before castigating others. have we even heard from NASS??

The last time I checked, the Lagos-Kano line is also on the same 'concession.'

mployer:
Illiterate président. He spoilt the arrangement.

Illiterate youths all over the place calling others illiterate.

*spits*

drss:
see how una dey shift goal post so its about cost now n not d used of private jet can u provide empirical evidence of d cost of deziani's jet travelling

Stop nagging man... I dont know what the cost was or tha amount she was accused of or how the case eventually ended, but the main allegation against Diezani was about the cost of chartering the plane.

OgbonnaUbani:
You haven't answered my question. Your useless father is the one who needs help.

Like I said, you need help. Buhari is not your problem and neither am I.

OgbonnaUbani:
How can one support Buhari and oppose Fulani herdsmen.

Go and see a psychologist. You need help.

If my memory serves me right, the problem with Diezani wasnt the use of the hired jet, rather it was the vast amount she claimed she spent chattering the jet.

OgbonnaUbani:
U Yet you support Buhari. Fool

Fool because he supports buhari?

9jamentors:
I vividly remember Father Mbaka was on the neck of the past administration of President GEJ.At every juncture of that government,he was seen to make harsh comments against GEJ.

Today,the same administration that he praised is now making:

-Dollar to raise upto 400(never heard in the history of Nigeria.
-ppl stand in fuel station longer than ever.
-pure water cost upto N10.00.
-struggle more than ever in less a year of administration
-more..


Pls where is our Rev Father Mbaka and his prophetic utterance?

Drop your comments

https://www.eventbrite.com/e/book-marketing-workshoplagos-edition-tickets-24294902708

In the very utterance where Mbaka supported PMB over GEJ, he clearly stated that there would be much suffering at the beginning but things would get better later. Pretty simple if you ask me.

Geniro:
You are equally not talking to fools here. Kindly show me the total percentage of the paddings or accept you are just an easy going liar. What surgical cleaning are you talking about ?

A "surgical cleaning" shrouded in mystery that you aren't even aware of. You are clearly taking the piss when you mentioned a surgical review especially from the Presidency. The Presidency who after retrieving the flawed budget failed woefully in "surgically" removing outrageous allocations , they ended up with a copy fraught with even more trash.

You are the fellow clearly deceiving himself with a delusion that this will be the cleanest budget. Not after the embarrassing display of the presidency in recent times.

Okay sorry, you win!... Buhari is an incompetent thief. Hopefully I can now enjoy my Friday evening beer in peace.

mekaboy:
There is no way I can see it if you invest more in information than agriculture. There is no way I can see it if you spend hundreds of millions to run tv wire to drivers in Aso Rock. there is no way I can see it if your driving latest 2016 cars when oil sells at $38.

When a govt calls the past govt corrupt but want to spend more on itself than the past corrupt one which sold oil at $100 while they sell at $38. I don't see the sacrifice here.

Oh. It has returned to general wailings?... oya bye!

1wolex85:
I don't get why you are going back and forth with this guy. He is programmed to oppose anything that comes from this govt

It's frustrating seeing the way people wish themselves and their nation so much evil because they think they are opposing Buhari. If things go completely south, no matter how bad things get, Buhari and his entire extended family would be comfortable, but some of these guys totally dont give a damn, they just want to oppose any and everything even if it would clearly hurt them.

mekaboy:
1 question for u. How much forex have left Nigeria since Buhari came into power and how much has entered. If more have entered then you are right. If more have left and still leaving then you are as confused as the govt.

Where we're u when APC did the calculation and arrived at about 40 a litter under gej? How come they are now reviewing upwards ?

Whether u like it or not the reserves will be emptied sooner or later as long as investors are not coming in. We are already spending $1 billion a month . How long will it take before it empties.

The dollar will still get to 400 parralel market by July.

What manner of reasoning is this?.. So if I come online and say APC will do A or B, does that mean "APC said A or B"?

Nigeria is suffering from a negative balance of trade presently, the amount of forex coming in is less than the forex going out. That's why the CBN has imposed those biting restrictions to limit the forex going out and prevent our reserves from falling to zero. Yes it is killing businesses and it is increasing sufferings, but if the restrictions aren't there, the reserves would have run out since and the sufferings you have now would be nothing compared to the pestilence that would follow if reserves drop to zero. No amount of foreign investments can instantly bridge the gap in forex demand.

Oh yes the forex reserves is still going down, but at least almost 1 year down the line, it hasn't dropped by up to $1bn from what Buhari met and this is because of these restrictions. Remember in the last 6 months of GEJ when these forex restrictions weren't there, the reserves fell by $10bn in 6 months. That was even when most of the foreign investors were still there. I'm sure you know it's been 11 months since Buhari took over, you can only imagine what would have been the case now if the restrictions weren't put. The FG/CBN is sticking its neck out and even sacrificing some businesses to save the larger society but you just can't see that because you prefer to hate Buhari and anything he does. This is common sense but your prejudice towards the govt wouldn't let you give a damn. How can you hate you country so bad all because you want to hate Buhari?... I don taya for una!

gentleheart1:
You must be related to Lie Mohammed, Buhari met more than $25 billion left by GEJ's government.
Your brain is very daft perhaps you should explain to the world where Buhari got money to allocate to States and also lend States too.

It beats my imagination how an ignorant person just comes online and starts exposing her ignorance and also insults people too. Jesus Christ!

Madam do you know the difference between ECA and forex reserves?... You obviously have no clue yet you just called someone daft.

mekaboy:
You are simply trying to defend a confused govt. A govt that cannot tell Nigerians if they are paying subsidy or not. Assuming I wanted to invest in oil and gas today I will be confused. They said they are not paying subsidy, next you hear they are paying subsidy.

The govt that said petrol price should fall as oil prices fall are telling us that oil prices will be reviewed upwards from next month.

The govt says they want to diversify but budget more for information than agriculture.

promised 5k for unemployed and free meals for students. Went from nasco biscuit to no meal at all.

Want Nigeria to grow but will not allow any region develop independently.

A government that wants to grow Nigeria yet restrict forex for manufacturers to buy raw materials.

Ban import of rice today allow it 2morow.

Nnpc to import all the petrol needed today, 2morow they start to beg importers to start importing.

Isn't the naira devalued already? or is anyone selling their stuff based on cbn rate? everything we buy today is based on parralel market rate.

The worst part is that after all the time wasted, jobs lost, untold hardship, Buhari will still devalue naira when it is already late.

If I am confused about the direction of this govt as a Nigerian, how do u expect investors to be confident?

You know exactly what what you are doing is called?.. It's called nagging!... Quit nagging boy. If you are angry, go out there and get a chilled bottle of beer, if you can't afford it, hang out with your friends who can and quit lamenting from point A to point B cos you are obviously deviating from the point of this thread into general wailing.

Regarding fuel subsidy and many more, the govt is not confused, rather you are the one who has failed to comprehend a simple explanation. Landing cost of fuel fell below the govt fixed price so subsidy payment stopped and the govt pocketed and saved the excess. Today the landing cost has risen above the fixed price so the govt has resumed payment of the difference (subsidy); the govt isn't confused in this, rather you are the one confused about the simple explanation.

Again regarding forex, there is a serious shortfall in forex supply so the govt is trying to save your asss by restricting its distribution, but you obviously want the govt to open CBN vaults as the exploitative foreign powers advise, and then after 3 months, when the country runs out of forex reserves and the pestilence starts, we would be a failed state like Venezuela etc and you will jump up in your suffering and blame Buhari. Yet today you pitch your tents with foreign slave drivers and exploiters of 3rd world countries because you think opposition entails that you MUST stand against any and every decision of the president you hate.

Guy, go drink beer abeg! or alternatively, gaa kporo otu nwa agbogho lakpuo and stop worrying me

All these strange statistics sef

Pidggin:
The money gotten from oil sales is not used to fund the government immediately, we are not operating a hand to mouth government. If the money is used to fund the government immediately it is gotten, what is used to fund the budget and what is the need for a budget?

What do you think a budget is?..... So you think all the money made from daily crude sales would be kept in a savings account to be used for expenses next year?

My dear, if I am to borrow your words, YES! we run a hand-to-mouth system of government, the budget document contains a forecast of how much the nation HOPES to make in the year and how it plans to spend the money.

Geniro:
You are not smart at all.

The Presidency withdrew the budget for correction and yet it was reeked with outrageous figures. Without those outrageous figures, that budget will be no where near the 6 trillion mark.

Sacking a few scapegoats while the fraud was passed is the silliest move any serious govt. Will make.

The total value of the anomalies (paddings) when summed up wasn't up to 1% of the total budget. So please hold your peace, you aren't talking to a kid. And by the way, a surgical cleaning has been done by the NASS to remove those anomalies hence the budget value fell from N6.08 to N6.06 trillion, the president hasn't also refused to sign the passed budget pending when he does his own surgical review; so quit deceiving yourself, this will be the cleanest budget in Nigeria's history.

Pidggin:
What are you trying to say? You think you are the only one who went to school? Government is allocated money which it spends. If they go beyond spending money which was not in the budget, the NASS will be notified, if government needs to borrow money to fund the budget NASS will be notified

What I am trying to say is FG does not spend from any income generated without proper due process. But when Buhari became the president, he had money to bail out States, and fund his numerous trips, where did that money come from? Is it not the money left by GEJ or did the CBN print new Naira notes for Buhari to spend?

That oil prices fall does not mean the country does not sell oil daily. The money gotten from oil sales is used to fund the government; the estimate of money to be made and money to be spent has already been captured in the prevailing budget. In a nutshell, the money spent on those foreign trips weren't necessarily moneys saved in any particular account.

mekaboy:
What is money?

Do investors see money on the street before coming to invest or opportunity?

Who says there is no money in Nigeria? Did MTN see money in Nigeria or opportunity before coming.?

The same country that there is no money was able to fine MTN a sum that is up to 30% of the National budget . Where did they make the money from?

Nigeria still remains the best investment destination in Africa. Even with all the insecurity from BokoHaram and Niger delta militancy investors stayed.

What scares investors is lack of economic direction of any country. That is what scares them. Lack of favourable policies.

Nigeria has no economic direction. All they want is borrow money and share money.

What is money?... I suppose I am talking to an adult or at least an older teenager?... A nation loses almost 70% of its income and you claim not to know what that entails in the business climate?

What silly economic policy are you talking about?... Besides the pressure on Buhari to devalue the Naira, what else is this so called 'economic policy'?... The exiting foreign investors simply want the Naira devalued so they can make mega profits; they also want CBN vaults opened so they can gain free access and repatriate forex to their home countries to the detriment of Nigeria and Nigerians. The FG/CBN's refusal to do assent to these exploitative demands is responsible for the dubious foreign exploiters arm-twisting and leaving Nigeria. To hell with them!

Geniro:
Add a viable source to the bold.

This source says Jonathan spent $8.26bn, Yaradua $5.375bn and OBJ $16bn
http://www.ibtimes.com/nigerian-senate-probe-goodluck-jonathan-previous-administrations-mismanaged-funds-2053823
http://allafrica.com/stories/201508140826.html
http://www.vanguardngr.com/2015/08/power-sector-senate-probes-obj-yaradua-jonathan/
http://www.channelstv.com/2015/02/20/president-jonathan-commissions-750-megawatts-power-plant/

Geniro:
You are just another zombie on the prowl.

What is the economic logic of increasing frauds in a budget to boost the economy. Most of you are just shameless beyond redemption.

You asked of the essence of having a high budget in time of recession, I gave you the answer. In your confusion, you diverted the story to padding. Budget padding is part and parcel of Nigeria's corrupt history, but for the first time in history, the padding is being fought and cleaned out of our budget, that is progress whether you like it or not. Several evidences of padding in past budgets have just been shown to you. Your GEJ did not even request to see budget details before he signed successive budgets, so there goes your folly.

Geniro:
Zombies don't know when to keep shut. You mean the padded nonsense like Aso rock rent and 788 million website allocation e.t.c is to stimulate the economy ?

If insulting your great-grand mothers and fathers will dump common sense into your skulls. then am all for it.

You are the one insulting your ancestors... To whom brain is given, sense is expected. I suppose you have a brain in your skull?... You should be able to do a simple google search to learn the simple economic logic of increasing spendings on infrastructure to boost the economy at hard times like this.