Has State Allocation Truly Increased? The FAAC Allocation Illusion - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › Has State Allocation Truly Increased? The FAAC Allocation Illusion (1140 Views)
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by ExudeLoveToAll: 11:06am On Apr 03 |
Richtaiwo:The point is that federal government has been shouting that they increased allocations to states compared to previous government indicating that they have been working which is misleading, this article punched that narrative. If you remembered recently, Orji Uzor Kalu said 'tge allocations that Oti is getting in one year is more than the allocations I got in 8 years ' . This happens to be the narrative of the federal government which Orji echeod, for dulls ones he sounded smart but for smart ones he sounded dull this is because if Orji claim to have received let's say 800 billion naira in 8 that happens to be over 7 to 10 billion dollars in his time as Governor and it will correlate to 10 to 15 trillion naira when just exchanged to naira today without even putting inflation in the equation. But Orji who happened to be dull went ahead to compare 800 billion naira today to 800 billion in his time. This article is written to punch the lies and propaganda issued by those in authority........ |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by ExudeLoveToAll: 11:09am On Apr 03 |
helinues:You are spending dollars you are too naive to know, your economy is denominated in dollars if you don't know know this. All the stuff in your house are mostly imported including the phone you are using to type this, that you bought it in naira doesn't mean it isn't the dollar equivalent you are paying. |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by ExudeLoveToAll: 11:10am On Apr 03 |
helinues:You are spending dollars you are too naive to know, your economy is denominated in dollars if you don't know know this. All the stuff in your house are mostly imported including the phone you are using to type this, that you bought it in naira doesn't mean it isn't the dollar equivalent you are paying.... |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by lawani(m): 12:21pm On Apr 03 |
infohenry:What the thread is about is if allocations to states have increased or not and I think I have done justice to that question from the OP. The allocations to states have more than doubled because of tax collection. |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by infohenry(m): 1:56pm On Apr 03 |
lawani:He also spoke on the value of the increased allocations, what is the purchasing power of the money, what does it cost now to do a kilometer of road now compared to other regimes, a bag of cement today is above ten thousand naira. |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by lawani(m): 2:15pm On Apr 03 |
infohenry:He only started saying that after he realized he was wrong and after insulting me for no reason. He didn't even thank me for the explanation I gave him. The point is that allocations to states have increased. Without the new taxes the states would be collecting less than half of what they now collect. Each governor can do whatever he likes with what he gets and he will still take credit |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by ibabz(op): 4:07pm On Apr 03 |
lawani:You couldn’t get a response from me for two reasons: 1. I was barred, reasons best known to the admin. 2. Quite frankly, I didn’t think your ignorance warranted my attention. On second thought, however, I’ll address it, not necessarily for you, but for others reading. At first, I held back, remembering the wisdom in Proverbs about not engaging foolishness. But then again, silence can sometimes be mistaken for agreement, and that’s not the case here. So let’s be clear. At no point did I agree with your position, feel free to point out where you think I did. My argument has been consistent: state allocations may have increased in nominal figures, but they have significantly declined in real VALUE. That’s the part you seem unable to grasp. I gave a simple example; despite increases in minimum wage, civil servants today can no longer afford things they once could, like buying a tokunbo car or building a house from their salaries. When minimum wage was ₦15,000 or ₦33,000, these were achievable. Today, they are not. An increase in numbers does not automatically mean an increase in value. Even after multiple explanations, you still fail to understand this basic economic principle. It raises a genuine question about comprehension because if simple logic is this difficult to follow, then engaging in more complex discussions becomes pointless. For clarity: ₦800 million in 2014 had far greater purchasing power than ₦1 trillion today. If that still doesn’t make sense to you, then the issue isn’t the argument, it’s your understanding. Let me reiterate: I never agreed with your claims. They lack both substance and logical grounding. |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by ibabz(op): 4:08pm On Apr 03 |
infohenry:I don’t think it’s worth it engaging him. He simply lacks basic comprehension. |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by lawani(m): 5:22pm On Apr 03 |
ibabz:Your turenchi does not make any sense young man and you are so ill mannered. Let me explain to you once again. If this government is not collecting VAT and CIT, then the states will not be receiving more than thirty five percent of what they are currently receiving |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by ibabz(op): 8:04pm On Apr 03 |
lawani:What exactly is this one even saying? Did I mention the so-called evil “tax reform” anywhere in my post? My point is clear, STATES ARE RECEIVING FAR LESS TODAY THAN TEN YEARS AGO, QED! And who told you I’m a young man? That assumption is both rude and uncouth. Just because you’re speaking to someone online doesn’t make them your peer, show some respect, please! I also thought your government position was that removing subsidies would free up more funds for states. So if this is what states are receiving after both the subsidy removal and the tax reform, then it clearly suggests that under this Tinubu administration, states are actually getting far less than they should. If states were receiving about $1.6–$1.9 billion monthly in 2022 under Buhari without subsidy removal and without imposing heavy tax burdens on citizens but are now getting a paltry $900 million per month in 2025 despite subsidy removal and increased taxes, then every right-thinking Nigerian should be asking: where is the money going? There’s no visible impact, no single block of classroom built in 3yrs, no major hospital projects, no widespread development across the country. Apart from the controversial coastal highway of fraud awarded to allies and associates, what else can this government point to? Can you name any other major projects? If you still do not understand my points, kindly go back to elementary school to learn simple comprehension. |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by lawani(m): 8:27pm On Apr 03 |
ibabz:If oil was ninety percent of income under Buhari but it is now like thirty percent of income, is that not enough for you to realize that states are receiving more money? Do you think the constitution allows the President to share revenue anyhow he likes? Under Buhari dollar was worth 2000 naira because he printed tens of trillions of naira. I think thirty trillion but he borrowed billions of dollars simply to sell so as to prop the naira up when no dollar to sell again, the naira crashed to it's real value and everything had to be recalculated. The same recalculation was what led to the nominal GDP crashing. GDP can not actually crash overnight. Production can not massively reduce overnight unless there was a genocide. So all your calculation is wrong. I hope you understand now. Money that was shared even in 2024 was more than double what Buhari used to share as oil income was only 45 percent of total income. This year, it will be up to triple because I believe oil will not be more than thirty percent if up to that |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by ibabz(op): 5:57am On Jun 01 |
Richtaiwo: /video/1?s=46 This is exactly my point. Take your time to watch the video and digest the facts. I hope you have the mental bandwidth to comprehend what the man was saying. |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by ibabz(op): 5:58am On Jun 01 |
lawani: /video/1?s=46 Watch this and come back with your argument |
| Re: Has State Allocation Truly Increased? The FAAC Allocation Illusion by BlackfireX: 8:06am On Jun 01 |
saddler:That year eeeeh |
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