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Nairaland Forum / Nairaland / General / Politics / Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo (18007 Views)
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Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by AnonPoet: 9:35am On Apr 14, 2021 |
On Thursday, Nigerians were left in distress after the Edo state governor, Godwin Obaseki, revealed that the federal government printed N60 billion to augment allocation shared for March. "We are in trouble, huge financial trouble," Obaseki who appeared not comfortable with the unproductive nature of the country noted and then went on to note that "When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share." https://m.facebook.com/story.php?story_fbid=10221927761916568&id=1034960068&sfnsn=scwspwa 10 Likes
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Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Ayeong: 9:36am On Apr 14, 2021 |
I worry not Abeg Get responsive website + Domain Registration + SEO for 30k. Check my signature for contact details 3 Likes |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by stalyf(m): 9:42am On Apr 14, 2021 |
Ayeong: You should worry 29 Likes 1 Share |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Dpharisee: 10:03am On Apr 14, 2021 |
Since nobody is willing to borrow us more money to pay salaries, the FG has resorted to printing paper and calling it money which is not backed up by commensurate commodities and services, the after effect is the ongoing spiralling inflation. In the past when you are broke you go and drink Garri to hold belle, today Garri is more expensive than peppered Suya. When some Igbos were screaming that Buhari will run down the economy we castigated them out of tribal and religious sentiments. Their reasons been that a man who left office in 1984 and didn't establish a single business, not even an ordinary Zobo or Kunu processing factory, did not belong to the board of any company, did not start a foundation even if it's for Almajiri or nomadic education for his Fulani tribesmen to engage in modernized ranching, did not even use his spare time to write a single book can never handle an economy like Nigeria with 200m citizens, now I can see that they have been right all along as me that is writing have just lost my job, I open Nairaland as a way of reducing pressure and removing my mind from my current situation. I can't even go to farm now which used to be the last resort if you are unemployed as herdsmen destroy crops in my area unchallenged due to fear that they could trace your house at night and inflict harm. As a way of generating revenue the already over taxed residents of Abuja have just been informed about the commencement of Park & Pay scheme in every street of the city for vehicle users in addition to the hundreds of VIO and LG revenue collectors roaming all over the city even with fewer new businesses opening to employ the teeming youths. Many big people are quickly buying and storing their money in domicialiary Dollar accounts, so what happens to the average citizen whose money in Naira is losing value daily? Which way Nigeria? 157 Likes 11 Shares |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by ableguy(m): 10:03am On Apr 14, 2021 |
Why should I? The only reason I should worry is because they didn't give me my share of the money. 7 Likes
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Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Nobody: 10:03am On Apr 14, 2021 |
It's worrying but not surprising. With the blockheads in charge of our economy. This is EXACTLY what Robert Mugabe used to do in Zimbabwe that brought about their hyperinflation. We are watching 9 Likes 2 Shares |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Kholar211: 10:03am On Apr 14, 2021 |
K |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by puyol005(m): 10:03am On Apr 14, 2021 |
I'm already worried, even without reading the content 10 Likes 1 Share |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by nazicartel(m): 10:03am On Apr 14, 2021 |
is it not Nigeria again? 2 Likes |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Leun: 10:03am On Apr 14, 2021 |
All the team worry above me, your worry doesn't change a thing. |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by englishmart(m): 10:04am On Apr 14, 2021 |
what do you expect when the less qualified are qualified to handle very sensitive positions just because of tribe. A huge consequence awaits a nation that makes selections on basis of tribe #bantilosha 22 Likes 2 Shares |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Alejoas(m): 10:04am On Apr 14, 2021 |
We live in strange times |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by omowolewa: 10:05am On Apr 14, 2021 |
Okay |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by IMASTEX: 10:05am On Apr 14, 2021 |
Nothing to worry about. The issue isn't new in Nigeria, a consuming nation filled with vultures as leaders. 5 Likes |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Yankiss(m): 10:05am On Apr 14, 2021 |
This is the result when u have economic olodos in power. No wonder the naira has been steadily sliding. We are in for shockers if this is true! 10 Likes 5 Shares |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by realstars: 10:06am On Apr 14, 2021 |
UKL |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by tuna85: 10:07am On Apr 14, 2021 |
stalyf: I worry not 1 Like |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by PrinceofHCI(m): 10:07am On Apr 14, 2021 |
VERY APT! |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Antoeni(m): 10:07am On Apr 14, 2021 |
The Present CBN Governor, Is The Most Dullest of All CBN Governors to Have Emerge . Charles Soludo I hail Ooo 13 Likes |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by tunary(m): 10:08am On Apr 14, 2021 |
Obaseki must be saying the truth. everyone fault this administration one way or the other, lies everywhere |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by GreatUniben: 10:09am On Apr 14, 2021 |
This is a very serious issue on our economy. Inflation is not too far. |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by BigYash: 10:09am On Apr 14, 2021 |
Buhari is not the problem, but all who voted for him,for second term.. I like the way the country is going ,at least make some idiots suffer small. Sai buhari crew oyeeeh! Some idiots are campaigning for another disaster already. Gagaban abi gaga-fire that will consume all his supporters. Look above party,tribe and religion, they will not listen. 14 Likes 2 Shares |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Nobody: 10:10am On Apr 14, 2021 |
One of things Abacha did that inflated the naira |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by gnykelly(m): 10:10am On Apr 14, 2021 |
buy dollars buy bitcoin 4 Likes 1 Share |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by sojfarm: 10:10am On Apr 14, 2021 |
Nigerians stop playing ostritch. There is no government in this country. The man you call the president is mentally incapacitated. Because of this no security (no 1 responsibility of any responsible government); frightening division along religion and ethnic line like never before on the history; economy is poor (the poor has been complaining about this since but no one cares to listen, so now that is now affecting the states, you are now crying). No lesgislator - nobody call the dogs to order. The elders are corrupt The youths are corrupt Let us share/break, then every body will go and face their wounds 15 Likes 1 Share |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Burgerlomo: 10:12am On Apr 14, 2021 |
Soon I forsee #1000 to $1, Naija is indeed in big trouble. 2 Likes 1 Share |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Minjim: 10:13am On Apr 14, 2021 |
I just don't know the word to describe this Buhari. He is bereft of ideas and he won't accept advice from anyone other than those from the North. This is what happen when you have a Northerner as Minister of Finance. She is not even qualified to work in any department of a Financial institution. The sad thing is that, las las, they will steal money and go. Then the masses will suffer it 16 Likes |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Thomthom(m): 10:14am On Apr 14, 2021 |
Some leaders are dull I swear..Lukman and Aminetu will not agree with me |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by Nobody: 10:14am On Apr 14, 2021 |
After watching a video on Venezuela this is scary |
Re: Federal Allocation: Why Obaseki’s Revelation Should Worry Us All - Oke Umurhohwo by LeeSantos(m): 10:14am On Apr 14, 2021 |
That's why I keep saying let go our separate ways and live Nigeria to the northerners, they have abundant resources and enough brilliant political than can make them survive. Let others newly formed country start afresh. At the end every body is happy. 3 Likes |
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