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FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun (11812 Views)

Edun: We Have Paid ₦‎4.8 Out Of ₦‎7.3 Trillion Ways & Means Advances / Senators Trade Words Over ₦‎29 Trillion Ways And Means Funds / CBN Will No Longer Give Ways And Means To FG Until Payment Of Outstanding Debt (2) (3) (4)

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Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by Chummynoni(m): 4:24pm On Feb 20
Tianamen1:
huge is relative. In terms of our GDP only 10 percent was printed. The UK printed out 20% of its GDP in response to COVID-19 yet the pound isn’t falling against the naira. The US printed out 22% of its GDP and the dollar isn’t falling against the naira.

All countries printed out money in response to the global shutdown. There was no movement so countries were not buying crude oil. Nigeria needed to pay its civil servants to ensure that money trickled down to everyone else. That money had to be printed and nations all across the world took similar actions. Why Nigerians are suffering is because Tinubu has refused to raise the minimum wage. Raising the minimum wage will cause the further devaluation of the Naira. This is a necessary evil to reduce the pain of the nation. Tinubu needs to raise taxes on the rich and reduce government spending. He is not interested in doing this as it will affect the elite. Tinubu prefers to punish the masses for the sins of the elite. TINUBU IS THE MOST WICKED PRESIDENT NIGERIA HAS EVER HAD.
your argument is sound but the issue on ground is more than raising minimum wage because those that will benefit mostly from this are civil servants. Lets even assume the government wants to do that, to how much would the minimum wage be raised to that will cushion the effect of this biting inflation? Will chukwudi working as a salesboy benefit from the increase in minimum wage? Will bola working as a POS girl benefit? Will Hauwa hawking kunu benefit? The monster facing us is inflation, one of the Macro-economic indices and to tackle this , first thing the government has to do is tackle insecurity. I agree with your point on cutting down the cost of governance. If the president could tell all Nigerians to endure, i see no reason why he and his cohorts should not. They should even forgo their salaries and allowances for sometime, afterall, they have enough already but i doubt if they would be able to do that. They prefer to die without spending the money than letting it go round. WICKEDNESS, GREEDINESS, CALLOUSNESS.

IN ADDITION!!! The printing of more money is having devastating effect on Nigerian Economy because MS>MD.

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Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by RepoMan007: 4:25pm On Feb 20
HeroicMeastro:

Hahahaha
When did he?
I don't like Tinubu but obviously the is not true.
Tinubu only supported Buhari and help him to win just like some people who have help Tinubu to win also.

RepoMan007:


Same idea Tinubu once aired to Buhari during Covid. The man definitely believes in printing of money to meet immediate obligations of govt not minding the inflationary consequences.

https://nairametrics.com/2020/03/29/covid-19-tinubu-asks-fg-to-print-more-naira-notes-outlines-economic-measures/

https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by just2endowed: 4:26pm On Feb 20
So inatead of going to ways and means., FG now floating Bonds and treasury bills to the tune of 2 trillion naira
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by RepoMan007: 4:26pm On Feb 20
Segzy19:
When did he suggest it?


RepoMan007:


Same idea Tinubu once aired to Buhari during Covid. The man definitely believes in printing of money to meet immediate obligations of govt not minding the inflationary consequences.

https://nairametrics.com/2020/03/29/covid-19-tinubu-asks-fg-to-print-more-naira-notes-outlines-economic-measures/

https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by 13october: 4:45pm On Feb 20
Treasure17:
Someone promised to change Nigeria from a consuming nation to a producing nation but Nigerians looked away.

The one that can't manage only campaign fund in his party or who?
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by loswhite(m): 4:49pm On Feb 20
nairalanda1:


No, it started in the year 1973, initially as a temporary measure , then as a permanent fixture
Where they using ways and means? Buhari is the most useless president in the history of Nigeria. It is madness for Nigerians to vote APC as a party after such disastrous failing for8 years. Rice went from 8000 to about 50k under Buhari and yet ppl voted for someone that promises to continue the legacy of Buhari.....lol. Useless citizens deserve useless leaders.
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by nairalanda1(m): 4:51pm On Feb 20
loswhite:
Where they using ways and means? Buhari is the most useless president in the history of Nigeria. It is madness for Nigerians to vote APC as a party after such disastrous failing for8 years. Rice went from 8000 to about 50k under Buhari and yet ppl voted for someone that promises to continue the legacy of Buhari.....lol. Useless citizens deserve useless leaders.

No, but at the end, they used it well under buhari.

That's why some of us wanted subsidy to go totally

See, we were so broke because of low oil prices from 2014 that at the end Buhari was using scam methods to pay for subsides. Instead of facing the truth

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Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by membranus: 5:00pm On Feb 20
Treasure17:
Someone promised to change Nigeria from a consuming nation to a producing nation but Nigerians looked away.

As a business man how many production companies do Obi have? And as a former governor with two terms tenure, how many production companies did Obi set up in Anambra State that will give him the credential that he will be able to so nationally?

No be mouth dem dey take do am, the Nigeria present hopeless financial situation will prevent him performing any magic. Let him ask Tinubu.

1 Like

Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by loswhite(m): 5:07pm On Feb 20
nairalanda1:


No, but at the end, they used it well under buhari.

That's why some of us wanted subsidy to go totally

See, we were so broke because of low oil prices from 2014 that at the end Buhari was using scam methods to pay for subsides. Instead of facing the truth
What truth? Someone have zero policy direction on how to rule a country and you are doing everything to defend him. Now subsidy was removed and naira was floated right? Are we not back to paying the same subsidy? Are you not aware? We are now buying fuel almost 700 naira but somehow we are still paying subsidy. We ware buying dollars 1700 yet the forex is still not unified. How do you defend such policies? We had low oil prices when obasanjo became president. You can Google and check so you don't believe all the lies of Buhari and his foolish team.
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by Larryndelaw: 5:29pm On Feb 20
FOOTSOLDIER2:
set to, about to, we will, we shall, vowed to, promised to, everything about this government is in future terms...

Tinubu get your ass up the seat and get to work bro, the people are suffering
Go ro school you refused. This are the draconic policies formulated by Emefiele plus Buhari Cabal. This has nothing to do.with BAT
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by nairalanda1(m): 5:38pm On Feb 20
loswhite:
What truth? Someone have zero policy direction on how to rule a country and you are doing everything to defend him. Now subsidy was removed and naira was floated right? Are we not back to paying the same subsidy? Are you not aware? We are now buying fuel almost 700 naira but somehow we are still paying subsidy. We ware buying dollars 1700 yet the forex is still not unified. How do you defend such policies? We had low oil prices when obasanjo became president. You can Google and check so you don't believe all the lies of Buhari and his foolish team.

It is like you are not reading my comments, but just doing projection.

Imma blaming buhari, you think I am defending him

Right

So saying buhari was using scam methods is defending him. Ok.

Oga, read my comments again. It is like you are misunderstanding
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by rajiedreez: 5:38pm On Feb 20
Treasure17:
Someone promised to change Nigeria from a consuming nation to a producing nation but Nigerians looked away.

Producing what exactly, he had the opportunity to produce what he sells but chose to import them 😁😁😁😁

1 Like

Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by KORLAR(m): 6:19pm On Feb 20
Treasure17:
Someone promised to change Nigeria from a consuming nation to a producing nation but Nigerians looked away.

Okay.
Tell me how he did that in Anambra and I might just listen to what he says.

1 Like

Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by theamazonguru(m): 6:40pm On Feb 20
EmperorCaesar:
cheesy

What dept does this guy work with? CBN or Finance??

With his expertise, I believe we will do well

Department bawo.
Tat is your minister of Finance.

Yes he is capable and willing to.
But the question is , does this administration have the political will to see this through to a logical conclusion?

1 Like

Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by ufuosman(m): 7:45pm On Feb 20
Treasure17:
Someone promised to change Nigeria from a consuming nation to a producing nation but Nigerians looked away.
Nigerians did not look away, we all know ow tinubu came into power. Everyone know ow d election was rigged
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by ufuosman(m): 7:46pm On Feb 20
D more d hardship d more dis men dey cash out
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by PHAYOL81: 7:55pm On Feb 20
Good
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by autodoctor: 2:52am On Feb 21
Waste of precious time
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by ideylaff: 3:42am On Feb 21
Tinubu has done the same up to the tune of 7. Trillion Naira since he came into power. Don’t trust ds people


[url]https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjg2vbhsLuEAxXgV0EAHaeOAWQQFnoECBcQAQ&url=https%3A%2F%2Fbusinessday.ng%2Fnews%2Farticle%2Ftinubu-seeks-senate-approval-for-securitisation-of-n7-3tn-ways-and-means-advance%2F&usg=AOvVaw2iUeu_gGWTknxGLkctkjRB&opi=89978449[/url]
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by REDshouse(m): 10:57am On Feb 22
THeUNIFIER:


Don't be ignorant. I don't tout PO to be a saint but he is far better than BAT. Tinubu floating the naira was due to the ill advise he received from the IMF. The man is bereft of sound ideas and relies heavily on trial and error. His so called manifesto was a hoax to goad sentimentalists like yourself into supporting him. And now rather than criticize him for the failure he is, y'all still dragging out PO like he's the one in charge. SMH
..

U can only say someone is far better when compared with same Job...

As Governor of their respective states, Tinubu was far better, as president you can't compare cos Obi has never tasted that seat before so wait till obi becomes president then u can compare ...
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by THeUNIFIER: 11:30pm On Feb 24
REDshouse:
..

U can only say someone is far better when compared with same Job...

As Governor of their respective states, Tinubu was far better, as president you can't compare cos Obi has never tasted that seat before so wait till obi becomes president then u can compare ...


With what metric abeg? Make una leave sentiments use clear eye judge matter.
Re: FG Set To Audit ₦‎23 Trillion Ways And Means Debt – Edun by REDshouse(m): 7:46pm On Feb 25
THeUNIFIER:


With what metric abeg? Make una leave sentiments use clear eye judge matter.
as per all metrics u can ever think of

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