₦airaland Forum

BodyCount:
You see that money as your mugu mind dey tell you say e small, if just 20% of it is spent on meaningful projects with honesty, you'll see true progress in this country.

70% goes to paying civil servants

Putindbutt:
No, VAT is the only way you contribute to the center and from the records, your state is one of the lowest It means your state's productive activities is poor.

Then go to school because you obviously wasted your years there

The gas from IMO state alone generate more VATs than all the states combined

U need education

Vision101:
It means that we are either not productive enough or our earnings are low or our population has a lot of unproductive component. A lot is honestly required to realign Nigeria and not politics of condemn all.

Do you know what GDP per capita means?

Ofunaofu:
I understand the excitement about the $1.48 billion figure, and yes on the surface, it sounds impressive. But it’s important to put things in proper context.

Nigerians don't spend dollars, we spend naira.

FAAC allocations are now hitting N1.5 trillion not because the economy is booming, but largely because the naira has lost so much value. A few years ago, N700–N900 billion translated to more value in real terms because the naira was more stronger and have more value and inflation was much lower.

So while it may look like more money is being shared, the purchasing power has dropped significantly.

In short, a high allocation in naira isn't necessarily a sign of economic health especially when it's driven by currency devaluation and inflation. It's important we look beyond the headlines and assess the real impact on the lives of ordinary Nigerians.

No matter how you want to twist it,the govs are able to pay their workers as at when due now,they are not owing 30,40 months again as they were owing the time you are talking about.

mrvitalis:
Then go to school because you obviously wasted your years there

The gas from IMO state alone generate more VATs than all the states combined

U need education

Gas generates VAT? and this one dare tell someone to go to school . Na ipob sha, so i am not surprised
Let's even talk about it, is the gas not FG's gas?, was it not the FG that exploited and produced it daily with federal resources?. So why are you linking it to the state?, na state dey spend money to produce it?. Even at that, it still collect 13% from FG as derivation. When we talk about what your state generates, we are talking about the productive activities in real terms which are very poor in Imo state. Your state collectes 20x than it gives.

Ofunaofu:
Compare the naira value of the so-called largest-ever FAAC allocation today to what it was before Tinubu 'grabbed it, snatched it, and ran away with it,' and you will realize the enormous and monumental damage Tinubu has done to the economy of this nation.

When one criticizes from the standpoint of an implacable foe, one is as despicable as the target of one's criticism, if you ask me.

Learn to criticize objectively for once.

No be everything be bad belle.



@hotseat

seanfer:
Can you please share with us all the last time the FAAC shared up to $1 billion as allocation...
This report says the highest in the history of the country and you're here ranting as usual. $1.48 billion as allocation is not that bad except you have decided that you will never see anything good in the current government..

Sharing money to politicians to loot and bandits for peace deal is nothing to celebrate

Putindbutt:
We can see how the saints and angels you voted for in SE are turning the region to Dubai. That's why una dey jump at the back of night buses enter SW everyday

May God continue to give we Abians governors like Alex Oti and may God continue to give you people governors like Dapo Abiodun and Kwara state governor.

Amen.


🙏🙏🙏

Ofunaofu:
I understand the excitement about the $1.48 billion figure, and yes on the surface, it sounds impressive. But it’s important to put things in proper context.

Nigerians don't spend dollars, we spend naira.

FAAC allocations are now hitting N1.5 trillion not because the economy is booming, but largely because the naira has lost so much value. A few years ago, N700–N900 billion translated to more value in real terms because the naira was more stronger and have more value and inflation was much lower.

So while it may look like more money is being shared, the purchasing power has dropped significantly.

In short, a high allocation in naira isn't necessarily a sign of economic health especially when it's driven by currency devaluation and inflation. It's important we look beyond the headlines and assess the real impact on the lives of ordinary Nigerians.

Why do we like to deceive ourselves, those times you said naira is strong, it was fake because it was heavily subsidies. Now is we know the true value of Naira when it's being floated.

Smartcitizen:
May God continue to give we Abians governors like Alex Oti and may God continue to give you people governors like Dapo Abiodun and Kwara state governor.

Amen.


🙏🙏🙏

Lol, how much did he budget for his food again?, how much is he paying as minimum wage?, is he even paying the old 30,000 without owing the workers?, has he paid the protesting pensioners?. Where are the schools he renovated for N54 billion?. What are his projects so far?, except inaugurating JB singpost . I say Amen to your prayers

commoditiesnig:
Good.

Its hightime we hold our immediate govt accountable. LG chairmen, Governors. Not only the FG

Sadly many online don't even followup on their state Governors or even know their state LG.. Just come online to rant about Tinubu.

Look as states like Akwa ibom, Cross river, Lagos, just few states that have been using their allocations judiciously.

For where, they won't because their target is the presidency which they wanted to capture.

Largest allocation without value compared to the exchange rates of then, when I collected #77k and live big with a bag of rice at 4k and now with #300k and bag of rice at 65k.

Olorun Sanu Wa o.

Yet there will be no development in most of the states.

gloryman91:
Largest allocation without value compared to the exchange rates of then, when I collected #77k and live big with a bag of rice at 4k and now with #300k and bag of rice at 65k.

Olorun Sanu Wa o.

You're missing the point, if your Governor does his job, your 77k will be worth it.

Putindbutt:
Nope, what's generated from oil sales goes directly to FAAC now. In the past, NNPC would first deduct subsidy from it before remitting the rest in the federation account.

Ok, thanks for the feedback.

Putindbutt:
Gas generates VAT? and this one dare tell someone to go to school . Na ipob sha, so i am not surprised
Let's even talk about it, is the gas not FG's gas?, was it not the FG that exploited and produced it daily with federal resources?. So why are you linking it to the state?, na state dey spend money to produce it?. Even at that, it still collect 13% from FG as derivation. When we talk about what your state generates, we are talking about the productive activities in real terms which are very poor in Imo state. Your state collectes 20x than it gives.

Gas generate revenue

All revenue are not VAT go school u say no

Guestmale:
For where, they won't because their target is the presidency which they wanted to capture.

Just unfortunate..

commoditiesnig:
Good.

Its hightime we held our immediate govt accountable. LG chairmen, Governors. Not only the FG

Sadly many online don't even followup on their state Governors or even know their state LG.. Just come online to rant about Tinubu.

Look as states like Akwa ibom, Cross river, Lagos, just few states that have been using their allocations judiciously

do the state governor's make laws or have any power?

Burob:
Well shame on you, wey no contribute anything.

Very unwise comment...

Don't you know that almost all the over 200 million Nigerians contributed to this money?

As long as anyone buys and consumes goods and services...do money transfers...is an Employee or Employer,most of all that money is our taxes.

The rest are from resources in our lands...

...not from the Land of the President.

Can you see His contributions now.

Be wise going forward

Governors and senators just dey enjoy
Dem go surely help Tinubu rig the election

Ofunaofu:
Compare the naira value of the so-called largest-ever FAAC allocation today to what it was before Tinubu 'grabbed it, snatched it, and ran away with it,' and you will realize the enormous and monumental damage Tinubu has done to the economy of this nation.

U better hold your governors and local government chairmen responsible. The money would have been in the hands of the few Nigerians who we can not hold accountable in the name of fuel and naira subsidies, but now the president has taken it away from them to the people we can hold accountable provided we really want the country to grow. He has done the right thing, this is the true reflection of our economy, true value of our currency. As the FG is embarking in infrastructures let the states and LGs too show working. I don't like fake life!

The government collects money from the poor inform of taxes and funds the ostentatious lifestyle of politicians.

rotadeco27:
U better hold your governors and local government chairmen responsible. The money would have been in the hands of the few Nigerians who we can not hold accountable in the name of fuel and naira subsidies, but now the president has taken it away from them to the people we can hold accountable provided we really want the country to grow. He has done the right thing, this is the true reflection of our economy, true value of our currency. As the FG is embarking in infrastructures let the states and LGs too show working. I don't like fake life!

We are holding every one accountable begining from Tinubu

Ofunaofu:
I understand the excitement about the $1.48 billion figure, and yes on the surface, it sounds impressive. But it’s important to put things in proper context.

Nigerians don't spend dollars, we spend naira.

FAAC allocations are now hitting N1.5 trillion not because the economy is booming, but largely because the naira has lost so much value. A few years ago, N700–N900 billion translated to more value in real terms because the naira was more stronger and have more value and inflation was much lower.

So while it may look like more money is being shared, the purchasing power has dropped significantly.

In short, a high allocation in naira isn't necessarily a sign of economic health especially when it's driven by currency devaluation and inflation. It's important we look beyond the headlines and assess the real impact on the lives of ordinary Nigerians.

Oga as at today $1 is equal to 1400 Korean Won ( south Korea oh ) so you are telling me by your logic that the Korea currency is useless right cos its not 1 Won to 1 dollar , a lot of yu really lack basic knowledge of economics and devaluation and how it's can end up boosting productivity in a nation , instead of you to ask for greater accountability from the local government and state governors you are unhappy because FG shared largest allocations. SMH

Ofunaofu:
Compare the naira value of the so-called largest-ever FAAC allocation today to what it was before Tinubu 'grabbed it, snatched it, and ran away with it,' and you will realize the enormous and monumental damage Tinubu has done to the economy of this nation.

Your BP might be over the bar come 2031 at this rate.

Ofunaofu:
Na Tinubu make Sim pack cost less than 1k?

Na Tinubu dey make FAAC sharing less than what it is now before?

Putindbutt:
Lol, how much did he budget for his food again?, how much is he paying as minimum wage?, is he even paying the old 30,000 without owing the workers?, has he paid the protesting pensioners?. Where are the schools he renovated for N54 billion?. What are his projects so far?, except inaugurating JB singpost . I say Amen to your prayers

Thank God for your Amen as you continue enjoying your Dapo Abiodun, please leave our sweet governor for us o!

Use that energy to plead with him to bring Julius Barger and construct your roads like Alex Oti is doing in Aba now.

Smartcitizen:
Thank God for your Amen as you continue enjoying your Dapo Abiodun, please leave our sweet governor for us o!

Use that energy to plead with him to bring Julius Barger and construct your roads like Alex Oti is doing in Aba now.

Then why are you jumping on the back of night buses to SW including Ogun State. With the population of ibos in his state that are feeding off the allocation of his State. You run away from your region to feed off another people's limited resources while your Governors loot them away. Like I asked you, where are Otti's projects he has commissioned so far?