₦airaland Forum

God1000:
N47.9trn was big money before, but it's nothing under this government, our currency has truly lost its value

This is just $28billion going by the current exchange rate


I believe this money will achieve a lot if it is well utilized, but half of it will be mismanaged and embezzled

True, Dollar has risen ten fold against the naira. The budget should be in the 200 trillion range at ok least with efficiency.

what is the impact of the 2024 budget self

Pascal9:
Nigeria should be budgeting150billion dollars

With the kind of population we have, Nigeria's federal budget should be nothing less than 150-200 billion dollars if we want to witness any meaningful developments.

Nigeria is seriously overpopulated.

Biodun556:
28 billion dollars is not small money

For our population.... It's small.

Basiljoe:
Have some sense and pity for yourself and your future generations.

If you are not receiving $1million salary for being this delusional na you loose o.

LOL.
An Obident thinking he's smart while others are not, supporting a governor his people cûrsed for 8 years while he was governor without a blue print for growth is sensible while others are delusional.

If projecting urself on others makes u feel good, it's ok.

The proposed 47.9 trillion Naira budget is substantial. Hopefully, it will yield meaningful development and progress across various sectors, without succumbing to embezzlement.

TemporaryHansel:
With the kind of population we have, Nigeria's federal budget should be nothing less than 150-200 billion dollars if we want to witness any meaningful developments.

Nigeria is seriously overpopulated.

that were all the problems originated, if you born more than you can care of its always a big problem.those advance countries always manage their population well.

Sheuns:
Dollar is pegged at 1400 Naira in the budget.

LMAO.

Dollar to naira go surely enter 2000+ next year.

I doubt that..I like what Tinubu is doing..leaving all other entities to do their thing..just like the Americans.

So Naija Budget has officially entered Trillion, to the point of appropriating #47 Trillion.
Naija and Zimbabwe may be the first countries to hit Quadrillion and zillion on this planet with the way both countries are competing. 🙆🏾‍♂️🙆🏾‍♂️🙆🏾‍♂️

ThìsGlobe.Com the budget

mrvitalis:
You are generating and sharing 1.3 trillion monthly that means federal government gets an average of 7.2 trillion yearly in revenue

But want to present a budget of 47+ trillion ?

And people are quiet about this?

So you want to borrow 40 trillion next year?
I pity who they earn in naira sha...

One dollar to ₦3500 here we come... U heard it here first

Peter Obi for the love of God step aside allow Tinubu rule for 8 years

House in lekki would be sold for 30k to 50k dollars Soon

You are talking about house in Lekki ....when an advert of a 3 bedroom flat in Ikoyi is selling at #8.3 billion Naira....
Ola of Lagos will give you the details anyway....

That is an expansionary budget that may likely be a deficit one. It will be interesting to find out how it eill be funded becuasr aurely, Niheria is not earning in that range. If its by more taxes then it will be dead on arrival otherwise it would mean more borrowings

They are clueless. Nigerians are on the long road

9jatriot:
If I was this minister, I will make the document public so that with many eyes viewing the document, it can help them scrutinize the budget so as to identify the padding that civil servants may have inserted into the budget.

Expectedly, by the time the budget is presented to the House, we will start seeing strange values and fictitious projects.

You see, you no see, public or not, they will still approve it and share the money within themselves, you can't do anything, the only time rambling and outburst will occur is when some people did not receive their share or they got little than was expected.

I work for an agency under a department of my State and my agency's annual budget is $25B. A state agency not Federal.

JagabanBorgu:
LOL.
An Obident thinking he's smart while others are not, supporting a governor his people cûrsed for 8 years while he was governor without a blue print for growth is sensible while others are delusional.

If projecting urself on others makes u feel good, it's ok.

Okay Clown. 🤡

God1000:
N47.9trn was big money before, but it's nothing under this government, our currency has truly lost its value

This is just $28billion going by the current exchange rate


I believe this money will achieve a lot if it is well utilized, but half of it will be mismanaged and embezzled

Smh.

That you think N47.9 trillion is no longer big money alone shows that you are not rich. Go and work hard to raise N1 million first then come back.

Even by USA standard, $28 billion is a whopping amount and if you think that US dollars is actually gaining more value because of naira's devaluation then it means that you don't understand economics. If USD is as strong and valuable as you think, Americans will not have voted against the democrats on the ground of economics. They complained bitterly that they now need more dollars to buy items and pay for services.

The devaluation of naira does not improve the lot of USA or the US dollars, the US is not even our biggest trading partner, it actually favours naira more and we now eventually stopped subsidizing the US dollars.

International Monetary agencies will later come around to beg us to raise the value of the naira as more US dollars will soon start chasing fewer naira yet we will keep the value of naira low to further favour our economy. In the long run, most of the US dollars flowing into Nigeria won't return to the US and the portion that goes out ends up in countries other than the US yet you are under the illusion that N47.9 trillion that's made artificially cheap, is not big. Smh.

omenka1:

Olen

ArcSEMPECJ:
You are talking about house in Lekki ....when an advert of a 3 bedroom flat in Ikoyi is selling at #8.3 billion Naira....
Ola of Lagos will give you the details anyway....

Yes thats less than 4.5 million dollars in 2012/2015 such houses sold for over 10 million dollars

Soon it would sale for 1.5 million dollars

Mind you Linda ikeji bought her house for 4 million dollars 600 million

House in chevron I friend got was 250k dollars at 45 million years ago ... Now that house is worth Max 150 million less than 100k dollars

mrvitalis:
You are generating and sharing 1.3 trillion monthly that means federal government gets an average of 7.2 trillion yearly in revenue

But want to present a budget of 47+ trillion ?

And people are quiet about this?

So you want to borrow 40 trillion next year?
I pity who they earn in naira sha...

One dollar to ₦3500 here we come... U heard it here first

Peter Obi for the love of God step aside allow Tinubu rule for 8 years

House in lekki would be sold for 30k to 50k dollars Soon

You are correct that Pandora Bitter Obi stepped aside to make T-Pain's ebilokan turn possible to continue APC's shege that was fraudulently packaged as change nine years ago.

jameshankss:
Anambra State Governor, Professor Chukwuma Soludo, has said he is sure the candidate of Labour Party (LP), Mr Peter Obi, would lose the 2023 presidential election. Soludo said he would not submit to the bullying of Obi’s supporters, who recently descended on him for addressing issues in the state.

The governor made the comments in a lengthy write-up personally authored, with the title, “History Beckons, and I Will Not Be Silent (Part 1).”

Soludo said Obi was inadvertently making the pathway to victory much easier for the presidential candidate of All Progressives Congress (APC), Bola Tinubu, and at the same time, toying with the destiny of millions of Ndigbo.

But the chief spokesperson for the Labour Party Presidential Campaign, Yunusa Tanko, accused Soludo of being sponsored by some unknown persons to weaken the base of the party in the South-east.

The former CBN governor had been under intense attack for close to a week for dismissing Obi’s investment in the state as amounting to nothing, during a television interview.

Soludo said in the write-up, “My attention has been drawn to some of the tirades on social media following my frank response during an interview on Channels TV regarding the ‘investments’ Mr. Peter Obi claimed to have made with Anambra State revenues.

“Sadly, several of the comments left the issue of the interview to probe or suggest motives, inferred from my response on ‘investment’ that I am opposed to Peter Obi’s ambition and, therefore, committed a ‘crime’ for which the punishment is internecine abuse and harassment, even to my family.

“Everyone knows that I don’t follow the winds or one to succumb to bullies, or shy away from a good fight especially, when weighty matters of principles and future of the people are involved.”

Soludo said he had urged Obi to return to his former party, the All Progressives Grand Alliance (APGA), to actualise his presidential bid. He added that he had always told the LP candidate to his face that he was not capable of winning the 2023 presidential election, especially, under LP, which had neither a councillor nor a local government chairman.

Soludo said Obi was not just his friend, but also his brother, but despite that, they have their political differences.

He stated, “For full disclosure, let me state that Peter Obi and I are not just friends, we call ourselves ‘brothers’. But we have political differences: he left APGA for PDP after his tenure as governor, while I have remained in APGA since 2013.

“During the last two governorship elections in Anambra in 2017 and 2021, he led the PDP campaigns but APGA won landslide in both elections. By the way, in 2016, he visited and proposed that I defect to PDP and contest the 2017 election against the incumbent Willie Obiano, but I declined.

“After my victory in November 2021, he called to congratulate me, as I did to him in 2010. That is the Anambra way: we fight fiercely during campaigns but share drinks at the next social events. After all, it was the Great Zik of Africa, who taught us that in politics, there are no permanent friends or permanent enemies but only permanent interests.”

Arguing that Obi’s presidential bid would only work in favour of Tinubu, Soludo said, “Indeed, if I were Asiwaju Tinubu, I would even give Peter Obi money as someone heading one of the departments of his campaign, because Obi is making Tinubu’s pathway to victory much easier by indirectly pulling down PDP.”

Obi, according to Soludo, would only deplete the votes of the Peoples Democratic Party (PDP) and pave the path for an APC victory.

He stated, “The current fleeting frenzy, if not checked, will cost Ndigbo dearly for years. The South-east has the lowest number of votes of any region, but it is also the only region where the presidential race might be a four-way race (it is a two-way race in the other five regions) thereby, ensuring that our votes won’t count in the making of the next president of Nigeria.

https://www.thisdaylive.com/index.php/2022/11/15/soludo-i-wont-succumb-to-bullies-obi-knows-he-cant-win/

Basiljoe:
Okay Clown. 🤡

Tell that to Lienus.

Dem don come again 🥺

mrvitalis:
Yes thats less than 4.5 million dollars in 2012/2015 such houses sold for over 10 million dollars

Soon it would sale for 1.5 million dollars

Mind you Linda ikeji bought her house for 4 million dollars 600 million

House in chevron I friend got was 250k dollars at 45 million years ago ... Now that house is worth Max 150 million less than 100k dollars

Did Linda finally pay up all her taxes to align with the income for buying such a property

Nairapeople:
Multi-millionaire blogger, Linda Ikeji is in a battle with the Lagos Inland Revenue Service over an alleged tax evasion and it is authoritative.
It was gathered that all attempts to track down the blogger started about a month ago when the agency got information that the blogger has not been remitting necessary taxes to the state government but all attempts by the service were said to have been
frustrated.

A source informed that at a time she was to be served a notice of tax assessment, her father who was to receive the letter allegedly declined to do so saying she could not receive such a notice on behalf of Linda.
On the second occasion, the delivery man was turned back on the excuse that no individual known as Linda Ikeji was resident at the address traced to her business.

The agency however got their way last week as she was said to have been served at her new mansion in highbrow Banana Island while the inland revenue equally made a video and photo evidences to support the service.
A very reliable source at the tax office informed News of the People that checks conducted on the blogger revealed that she had only paid (N4,000) four thousand naira ever as tax to the state government.
At the moment LIRS is said to be requesting for her tax assessment of personal income with a caveat that failure to do so may compel them to proceed to court for a criminal proceedings.

A particular issue raised by a source was the withholding tax ought to have been paid to the state government on the 600 million naira property she recently acquired which may amount to about 30 million naira only.
It was hinted that if the blogger refuses to respond to the request of the inland revenue, the agency shall be forced to drag her to court to face the music.

When the blogger was contacted on the issue by this medium, she neither responded non acknowledged the message sent to her.

http://www.newsofthepeople-ng.com/blogger-linda-ikeji-in-trouble-with-lirs/

FreeStuffsNG:
Smh.

That you think N47.9 trillion is no longer big money alone shows that you are not rich. Go and work hard to raise N1 million first then come back.

Even by USA standard, $28 billion is a whopping amount and if you think that US dollars is actually gaining more value because of naira's devaluation then it means that you don't understand economics. If USD is as strong and valuable as you think, Americans will not have voted against the democrats on the ground of economics. They complained bitterly that they now need more dollars to buy items and pay for services.
The devaluation of naira does not improve the lot of USA or the US dollars, the US is not even our biggest trading partner, it actually favours naira more and we now eventually stopped subsidizing the US dollars.
International Monetary agencies will later come around to beg us to raise the value of the naira as more US dollars will soon start chasing fewer naira yet we will keep the value of naira low to further favour our economy.

Lol, I'm not a rich man but I am okay and well informed

It appears you know the factors that influenced the just concluded election in America but don't want to talk about them, it's much more than what you wrote here but I don't have time to write long epistle now


Trying to defend the indefensible is not patriotism, I personally don't have any problem with you, but you just have to agree that the policies of this government has weakened naira, monetary and fiscal policy

I expect nothing from this govt. Na mouth Tinubu get , nothing upstair

FreeStuffsNG:
Smh.

That you think N47.9 trillion is no longer big money alone shows that you are not rich. Go and work hard to raise N1 million first then come back.

Even by USA standard, $28 billion is a whopping amount and if you think that US dollars is actually gaining more value because of naira's devaluation then it means that you don't understand economics. If USD is as strong and valuable as you think, Americans will not have voted against the democrats on the ground of economics. They complained bitterly that they now need more dollars to buy items and pay for services.
The devaluation of naira does not improve the lot of USA or the US dollars, the US is not even our biggest trading partner, it actually favours naira more and we now eventually stopped subsidizing the US dollars.

International Monetary agencies will later come around to beg us to raise the value of the naira as more US dollars will soon start chasing fewer naira yet we will keep the value of naira low to further favour our economy.

One cannot defend gross incompetence like that of T-Pain and not sound clueless.
How is $28 billion for 200 million Nigerians in one year for federal government functions a whopping sum?

Where did the comment you quoted say that APC's devaluation of our Naira since 2015 improve the lot of Americans

edoyad:
Owerri – The All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.

Buhari stated this during the South-East presidential rally of the party at Dan Anyima Stadium, Owerri. “It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy,’’ he said. He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

Read more at: http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/

anonimi:
Did Linda finally pay up all her taxes to align with the income for buying such a property

How's that mu business I'm telling you how value of houses depreciated over time

Na mumu Igbo person dey buy house for Lagos na

Noted

JagabanBorgu:
LOL.
An Obident thinking he's smart while others are not, supporting a governor his people cûrsed for 8 years while he was governor without a blue print for growth is sensible while others are delusional.

If projecting urself on others makes u feel good, it's ok.

What is the wisdom of applauding T-Pain's master plan that grew Lagos budget over 50 times since 1999 but failed to grow the civil service to improve services, amenities and utilities accordingly?
Maybe the wisdom of Stockholm syndrome mental slaves

The lack of state-owned pipe-borne water in the homes of Lagos residents has continued to be a source of concern, a non-profit group, Corporate Accountability and Public Advocacy Africa (CAPPA) has said.

At a press event to mark this year’s World Water Day, the group said its monitoring team’s visit to state-owned waterworks showed that most of them are not operational.

The group said the waterworks it visited include the ones at Maryland, Mushin, Ikorodu, Obalende, Agbowa, Onikan, Ikoyi, and Amuwo Odofin.

Only the one in Ikoyi is producing water, according to CAPPA.

https://www.premiumtimesng.com/regional/ssouth-west/450615-world-water-day-lagos-water-crisis-worsening-group-says.html

obonujoker:
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#Statisense
(The Economist)

As it been ever been "well utilized"?

God1000:
N47.9trn was big money before, but it's nothing under this government, our currency has truly lost its value

This is just $28billion going by the current exchange rate


I believe this money will achieve a lot if it is well utilized, but half of it will be mismanaged and embezzled

FreeStuffsNG:
Smh.

That you think N47.9 trillion is no longer big money alone shows that you are not rich. Go and work hard to raise N1 million first then come back.

Even by USA standard, $28 billion is a whopping amount and if you think that US dollars is actually gaining more value because of naira's devaluation then it means that you don't understand economics. If USD is as strong and valuable as you think, Americans will not have voted against the democrats on the ground of economics. They complained bitterly that they now need more dollars to buy items and pay for services.
The devaluation of naira does not improve the lot of USA or the US dollars, the US is not even our biggest trading partner, it actually favours naira more and we now eventually stopped subsidizing the US dollars.
International Monetary agencies will later come around to beg us to raise the value of the naira as more US dollars will soon start chasing fewer naira yet we will keep the value of naira low to further favour our economy.

Lmao. 1 million naira Is 1m naira hard to raise for you? No wonder you lots support APC . Dumb fvck.

Biodun556:
28 billion dollars is not small money

No doubt. But I'm quite curious.. how are the going to generate it? Another loan?

Pascal9:
Nigeria should be budgeting150billion dollars

NY a small state in the US budget more. GLENCORE, one company is swotzerland with 155k workers habe an annual gross revenue of 200bn, profit after tax and expenses is 20bn and you are saying 28bn os enough for 220million people?