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Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsDespite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project (6187 Views)

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Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by Emzedz: 7:42pm On May 29
Useless tinibu can't escape a coup if this was a military regime cos this corruption stinks to high heavens
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by themanderon: 7:42pm On May 29
I don't know what you guys are bothering yourselves for. I told you you will see all these missing monies during next year's snatch, grab and run operations grin.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by villagereporter(m): 7:44pm On May 29
dre11:
Despite Over-borrowing By N1.54trn, Federal Gov’t Implements Only 17.66% Of Capital Projects




https://leadership.ng/despite-over-borrowing-by-n1-54trn-federal-govt-implements-only-17-66-of-capital-projects/
When we say Tinubu is an armed robber cum gbéwíri and òdàlè they tot we just hate him for nothing but everyone can now see say olóribú ni Tinubu.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by Kukutente23: 7:52pm On May 29
stepaside1:
I believe the President was wrong. The real situation was made known by Wale Edun. Projected revenue was N42trn while actual receipt was about N11trn, a massive shortfall.

So in that situation, capital expenditure of about N15trn will not be adequately funded. Priority will be given to recurrent expenditure (N14trn) and debt service (N16.8trn).
If we're to go by your figures then even the non- oil target was not met because it was set at 25trn and you're here telling us total revenue was 11trn yet to said just two mentions back that he was referring to non- oil which means you joined him to tell lies.
The fact is that oil revenue is largely unaccounted for by this administration because they are blurring the line between non- oil and oil revenue so as to push more money to states and buy loyalties of the govs. That's why they are claiming revenue had tripled yet the MDAs are poorly funded while govs are smiling out of FAACs
In summary, what were witnessing is gbajue economics where you rid the people of buffers and use the proceeds to pamper looting govs who are now creating a large mass of poverty ridden citizens who become dependent on them for handouts
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by gaskiyamagana: 7:56pm On May 29
Olukat:
This report is so shallow. Please place how much has been expended on projects and the value of such projects
A

P olluted

Commentator
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by koladata(m): 7:56pm On May 29
That's not the point. Be honest, would you have thought he would perform the least
anonimi:
What is whole about Tinubu's performance in Lagos as governor for eight years and master planner cum landlord subsequently huh

Are balablu bulabla propaganda talk, fake promises and propaganda announcements what makes Jagaban of Borgu whole?




https://www.youtube.com/watch?v=Bn29b0SkCWU
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by Jayhome24: 8:00pm On May 29
Una just like making noise creating fake news with fake links.

Provide evidence of your statistics let's go for verification.

The FG borrowed yes, but pls is it new for any country to borrow and every day the FG kept given update as the debt are being serviced the world bank, IMF, EU are testifying to it so what the hell are you talking?

I can't blame many of you cus you never run business on loan for you to understand how hard to run the show takless of empty country with uncountable challenges.

Today we are in total darkness the same man who swallowed $16billion electrification loan with his gang, same man is the biggest importer of generator in Nigeria as at today, same man is the one you all calling best for 2027, una dey play..

You should all go to court we will meet you there. Nobsense talk...

4+4=8 even as it is it will be 4+4= 12 or 16 and you can't do anything about it...
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by Blunt99: 8:04pm On May 29
If the 17% is correct, it is still substandard.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by timbabng(m): 8:13pm On May 29
The headline is meant to be alarming because they know most Nigerians are educated illiterates.

A big chunk of the borrowing was multilateral/bilateral loans. These are project-tied borrowing, so the money may have been approved or drawn down, but projects haven’t yet reached the disbursement stage.

The report also said the budget line for those project-tied loans recorded “zero spending” during the period reviewed, which means the money has not been spent!

Why can't Nigerians read information available online by themselves?!!

The only concern here is that implementation is slow, majorly because of bureaucracy!
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by ade4real2016: 8:23pm On May 29
Balance don go to 2027 Election preparation nah...97% of cabinet members of this administration will end up in jail if d outcome of 2027 elections goes wrong...
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by udemzyudex(m): 8:38pm On May 29
Tag Mr Bayo to this.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by anonimi: 8:40pm On May 29
koladata:
That's not the point. Be honest, would you have thought he would perform the least
Yes, I know him well enough to understand that he’s empty in governance but excellent in politics of the greedy, tribalistic Nigerian kind.

You can go through the 36 pages of the thread below to see what I mean.




https://www.nairaland.com/2121046/apc-matters-pictures
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by anonimi: 8:42pm On May 29
timbabng:
The headline is meant to be alarming because they know most Nigerians are educated illiterates.

A big chunk of the borrowing was multilateral/bilateral loans. These are project-tied borrowing, so the money may have been approved or drawn down, but projects haven’t yet reached the disbursement stage.

The report also said the budget line for those project-tied loans recorded “zero spending” during the period reviewed, which means the money has not been spent!

Why can't Nigerians read information available online by themselves?!!

The only concern here is that implementation is slow, majorly because of bureaucracy!
Do you think that you are the only person who is smart huh
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by AdUlAM(m): 8:44pm On May 29
Op you are very funny I don't know what you expecting from a man who has continued to loot the treasury of his state since 1999
dre11:
Despite Over-borrowing By N1.54trn, Federal Gov’t Implements Only 17.66% Of Capital Projects




https://leadership.ng/despite-over-borrowing-by-n1-54trn-federal-govt-implements-only-17-66-of-capital-projects/
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by olabrad: 9:05pm On May 29
OgaTheTop2:
...and some people will still want to vote APC... Omo!
Simplyseyi, may your life represent what Nigeria's security represent under tinubu!
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by MusaChukwudi: 10:11pm On May 29
Emzedz:
Useless tinibu can't escape a coup if this was a military regime cos this corruption stinks to high heavens
Stark illiteracy is bad honestly. It causes misreading of analysis and report.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by Leepeak(m): 10:18pm On May 29
Dey called him a bad man with good intentions
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by Osariemen12: 10:58pm On May 29
The rest might be used for party politics.


If Obi wins, many of the people in power today might go to jail.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by DrSamOnowu87(m): 11:35pm On May 29
Useless old full,grand masters of looters. A certified thief.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by stepaside1: 3:40am On May 30
timbabng:
The headline is meant to be alarming because they know most Nigerians are educated illiterates.

A big chunk of the borrowing was multilateral/bilateral loans. These are project-tied borrowing, so the money may have been approved or drawn down, but projects haven’t yet reached the disbursement stage.

The report also said the budget line for those project-tied loans recorded “zero spending” during the period reviewed, which means the money has not been spent!

Why can't Nigerians read information available online by themselves?!!

The only concern here is that implementation is slow, majorly because of bureaucracy!
It is way beyond their mental capacities and ability to understand. You wonder why one even bothers to respond or engage as all you get are insults.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by Auki: 4:09am On May 30
Voted for Tunibu but I am really disappointed not with his policies but utilisation of the proceeds. Far from a transparent regime.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by DesireV: 7:44am On May 30
olabrad:
Simplyseyi, may your life represent what Nigeria's security represent under tinubu!
the man with a religion that encourages cursing, deceit, and evil.

Welldone doing what you know how to do best
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by EmekaBlue(m): 7:56am On May 30
Only if Nigerians know the millions of dollars individuals at the elites are packing and stocking for themselves! So unfortunate the people of Nigeria
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by kunle4toyeyaho: 8:03am On May 30
OgaTheTop2:
...and some people will still want to vote APC... Omo!
My family and I will vote Tinubu if the opportunity arises again. Why believing all this purveyors of bad news about our great country - Nigeria? When they report the shortcomings of the president,they should also report his success? A president that offset $5billion FX backlog,raised foreign reserve from net -$3.99billion( according to JF Morgan's report) to about $50billion while still embarking on Capital projects, provides NELFUND for students to access cannot be called a failure. How can I see Tinubu on the ballot and vote a man who as a Governor could not solve erosion problem for 8years?
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by sunnnnyuu(m): 8:28am On May 30
dre11:
Despite Over-borrowing By N1.54trn, Federal Gov’t Implements Only 17.66% Of Capital Projects




https://leadership.ng/despite-over-borrowing-by-n1-54trn-federal-govt-implements-only-17-66-of-capital-projects/
Nigeria is in the hands of scammers as it's leaders
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by Elusive001: 11:20am On May 30
LagbajaTheBEREAN:
Him say veteran Tinubu's defenders, so there are actually green horns or let me say Ibrahim Konate among the defenders..

Interesting.
grin grin grin
There defenders and there defenders.

The green horns dey like show themselves: notice-me style. The veterans dey know when to hide under read-only mode.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by akaahs(m): 11:50am On May 30
Olukat:
This report is so shallow. Please place how much has been expended on projects and the value of such projects
They have done their part. Remain yours to place how much has been expended on projects and its value so we can put them side by side for analysis.
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by ELKHALIFAISIS(m): 3:27pm On May 30
Seyi will inherit billions in dollars after this one join his ancestors
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by olabrad: 11:22pm On May 30
DesireV:
the man with a religion that encourages cursing, deceit, and evil.

Welldone doing what you know how to do best
You just perfectly described Islam since Islam represents cursing, deceit and evil

1. Cursing

In Sahih Muslim 2603, your founder cursed a young girl for no reason. Your founder cursed the girl that she wouldn't grow into old age.

Many of your Alfas curse for fun during their sermons!

2. Deceit

In Quran 3:54 and Quran 8:44, your allllah called himself a deceiver.

Also, many of your Islamic clerics liiie to deceive people about Islam. They also lie that Islam is religion of peace. Everyone knows that there is zero peace in Islam.

3. Evill

In Sahih Muslim Hadith 2767, your allllah said he would use a Christian or Jew to replace a Muslim in he'll fir🔥. That's evil!

In Sahih al-Bukhari 2926, your allllah said you should kpai Jews. That's very evil.

Your founder kpaied 700 Jews in one day. He kpaid the husband and father of saffiya and converted her to his wife shortly after? That's very evil!

So, words like Cursing, Deceit and Evil fully describe Islam!
Re: Despite Over-borrowing By N1.54trn, FG Implements Only 17.66% Of Capital Project by DesireV: 8:30am On May 31
olabrad:
You just perfectly described Islam since Islam represents cursing, deceit and evil

1. Cursing

In Sahih Muslim 2603, your founder cursed a young girl for no reason. Your founder cursed the girl that she wouldn't grow into old age.

Many of your Alfas curse for fun during their sermons!

2. Deceit

In Quran 3:54 and Quran 8:44, your allllah called himself a deceiver.

Also, many of your Islamic clerics liiie to deceive people about Islam. They also lie that Islam is religion of peace. Everyone knows that there is zero peace in Islam.

3. Evill

In Sahih Muslim Hadith 2767, your allllah said he would use a Christian or Jew to replace a Muslim in he'll fir🔥. That's evil!

In Sahih al-Bukhari 2926, your allllah said you should kpai Jews. That's very evil.

Your founder kpaied 700 Jews in one day. He kpaid the husband and father of saffiya and converted her to his wife shortly after? That's very evil!

So, words like Cursing, Deceit and Evil fully describe Islam!
All these lies just to save your lieing ass. All what you typed are your words. Just like words of some random people were codified into the bible. You lie effortlessly cheesy

You don't bring Islamic references in the manner you do in some fabricated religion.

Quote the exact texts in Arabic, let's interpret it together.
Orientalists are people like you and have devoted their lives to concort copy/paste stuffs in English for your likes.

Don't forget English isn't your mother's tongue, you learnt it. Before you'll raise your usual next dumb line.

Neither Paul nor Jesus spoke English. The real owner of Christianity made English its language cheesy
It's understandable if you envy a divine religion with preserved scriptures. cheesy

Islam is way beyond what every Dick, Tom, and Harry will put mouth in. cheesy cheesy
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