₦airaland Forum

Where will the money come from?

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

Your write up is ridiculous

How do you expect the government to share all money they generated every month


What of the ones in foreign reserve?

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.

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.

I have to respond hoping to learn something new today.

1) The US is not our biggest partner. Ok. But the US dollar is the world trade currency. Which means trade between Nigeria and other countries are settled with US dollar as the reserve currency.

2) That the US dollar value will dwindle cus of Naira and IMF or whatever will beg Nigeria not to to raise the value of naira to help maintain US dollar value In world stage..
Please educate me on this theory.

in 90s



is 10 billions


this man below fault

Looting continue

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

Alarmist in chief, General doomsday apostle,hater cognito, obidient failure.....Nigeria's gross revenuevfaac allocation as at June 2023 was over 13 trillion naira as at June.

Where did you get your projection from and that was at 1.2m barrels per day.....you also failed to mention the ambitious projection of over 6% GDP growth for 2025....this shows you this is a govt that means business and there is so much confidence in them achieving their goals but naysayers like you would rather the country turns to Sudan just because your lord and saviour,OBi failed.

By mind April next year they would submit another 25trillion supplementary budget 😂😂😂😂 The more you try to understand the more cornfused you become 😂😂

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.

Calm down it would be released in due time....he was only mentioning it,the official doc will be released.

How did they expect to fund the shortfall?
hope what am thinking is not what will bail them

Loan??

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.

It's an upswing for the economy....6.5% GDP is a really ambitious projection and you need to duff your hat for the audacity of this guys.

2025 will augur good tidings for this economy but my fear really is About food security.

anonimi:
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

I thought u all said Lienus is head above every other politician in Nigeria, how u all quickly run to compare him with other politicians the moment he gets exposed is funny.

I don't live in Lagos, have never lived there and u don't see me talking about how someone grew Lagos, if Lagos is unliveable, why are millions of people running from Anambra to Lagos including Lienus Obi?
If all of u return to Anambra, will Lagos still be unliveable?
I doubt.

ubest1:
From N4.5 trillion budget in 2014 to N47.9 trillion in 2025 without a better life, it won't be better for APC including all their supporters

Back to sender.....
Stupid monkey......

They should just round it up to 48 trillion instead of the 47.9 trillion

Free money to loot 😂😂😂😂

Hmm

JagabanBorgu:
I thought u all said Lienus is head above every other politician in Nigeria, how u all quickly run to compare him with other politicians the moment he gets exposed is funny.

I don't live in Lagos, have never lived there and u don't see me talking about how someone grew Lagos, if Lagos is unliveable, why are millions of people running from Anambra to Lagos including Lienus Obi?
If all of u return to Anambra, will Lagos still be unliveable?
I doubt.

You should go through my profile before parroting your lame propaganda that anyone who shows JagaBandit for the lootocrat he is, to be Igbo and/or supporting Pandora Bitter Obi.

JagabanBorgu:
#49trn is nothing, but do u have #1m?

That ur p00r state that has no direction in Iife, if they spend #5trn in that ur state, do u know the outlook will totally change?

These pàthètic obidents never have señsè.

I do t seriously understand, does it mean that APC supporters can't equally criticize what their Criminal leaders dish at them or what

Must anyone who tackle the government illness be an Obidients??

yeye money, if you remove 3 zeros, two times, money go just enter survival conditions.

X2 Buhari’s 2023 budget!
APC fact checkers said because the naira destroyed by Tinubu’s APC has lost its value.🤣.
This right here👇

Biodun556:
Your write up is ridiculous

How do you expect the government to share all money they generated every month


What of the ones in foreign reserve?

See people I discuss politics with na.. See people that elect our leaders... Shame

Yes oga that's how government works.. All earnings and spending are made public

That's what budget means

[color=#000099][/color][quote author=9jatriot post=132875712]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.[/quoe]

Minister Atiku Bugudu will make what open? A man that laundered money for Abacha? A man that took Nigeria to court because of Abacha loot, citing that Nigeria should give him his cut...

MyVILLAGEpeople:
80% of it will be mismanaged and embezzled.

Actually Nigeria always has a poor budget performance usually around 40%. This year should be samething. Most all this budget are just budget on paper with no actual money! You see someone try to utilize a project budgeted dey go tell am no money on ground, on what's already in paper?
9ja and thier fiscal fiasco, paper government of townhalls

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.

They play. Even with the 20trn you still have a poor budget performance with actual project in the budget not getting the funds year in year out.

Until government tighten their budget efficiency 200trn would only be in paper

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

You are right.

Some people are already warming up to start stêãlïñg from it.

Some companys’ target is just 1% of the whole budget and they will go for it.

More than half of it will be st olen by civil servants while the remaining ones would either be squandered or misused.

I expected the size of the budget to shrink considering the removal of cost of fuel subsidy. Our politicians just getting richer with our collective resources

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. 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.

What exactly are you trying to say?
You're just everywhere with no point

Tinubu will allocate 25 trillion to himself
Is a pity the future generation

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 by government officials

Since 1960 till date I believe, I believe, I believe...unam ikot low IQ....

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 by government officials

you are right, this 48 trillion now is just like 15 trillion two years ago.

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

$28 billion for 220 million Nigeria.

The government should prioritise developing the LNG sector and Fertiliser

anonimi:
You should go through my profile before parroting your lame propaganda that anyone who shows JagaBandit for the lootocrat he is, to be Igbo and/or supporting Pandora Bitter Obi.

I don't go about looking at people's profile, if u can't understand the dimension of a discussion before jumping in, u shouldn't be asking people to look at ur profile.
U can call Tinubu whatever u want, it's actually the least of my concern