Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov (7175 Views)
| Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Kushites(op): 5:48am On Aug 22 |
Visible investments in road infrastructure, healthcare and education in some North-Central states are shaping a new political narrative in a region where President Bola Ahmed Tinubu won the 2023 Presidential election by a relatively slim margin. The President had secured 1,760,993 votes, representing 41.3 per cent of the votes cast across the North-Central in the 2023 presidential election but the margin was not wide enough to make the region an electoral stronghold.https://guardian.ng/politics/how-infrastructure-gains-boost-tinubus-victory-chance-in-north-central/
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| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Napata77: 5:54am On Aug 22 |
Interesting developments...see workings... ![]() .....meanwhile Peter Obi has no manifesto, by his own admission to Seun on Channels TV interview.....chai... ![]() |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Sheuns(m): 5:57am On Aug 22*. Modified: 1:16pm On Aug 22 |
4.5bn under Buhari was $10,000,000 16bn under Tinubu is $11,851,852 That’s less than $1M increase. I used official exchange rates. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Napata77: 6:00am On Aug 22*. Modified: 6:23am On Aug 22 |
Sheuns:We are not in America, Mr Man. We don't pay for everything we do in dollars, so take that nonsense away. Many of these projects are being paid for in Naira to indigenous contractors. ALSO, in addition to the standard monthly allocation, the FG distributed a special ₦435 billion infrastructure and security intervention fund to state governments during the first half of 2026 alone to support state projects. The vastly increased number and scale of infrastructural projects in all the states is clear evidence of VASTLY INCREASED allocation from Abuja, so go and sit down with this your fake calculation. The FG is PUMPING the states with money to build up their infrastructure. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Cyberterror: 6:18am On Aug 22 |
For decades, Nigerians have been clamouring for true federalism that ultimately gives greater resources to the federating units to enable them carry out more development at the grassroots. Now President Tinubu has done that with his ingenuity of removing subsidy without constitutional conference or whatever redtape that his predecessors used to frustrate the process, yet some perennial losers are still crying. Atiku is a fraudster just like Peter Obi who when asked whether he would remove subsidy said "Yes and No" ![]() Leaders are meant to be decisive and President Bola Ahmed Tinubu is such a leader. Jagaban till 2031. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by AMINDA: 6:24am On Aug 22 |
"Tinubu’s courtiers may clap because FAAC allocations have increased, but hungry Nigerians cannot boil FAAC figures for dinner. Businesses cannot power factories with presidential speeches, workers cannot pay transport fares with macroeconomic grammar, and parents cannot settle school fees with statistics manufactured for State House applause” - Alhaji Atiku Abubakar |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by AMINDA: 6:26am On Aug 22 |
Napata77:Name one good or item that isn't affected by the price of dollar? Is it cement? Construction costs? Building materials? What? Nigerians who opposed fuel subsidy in the past did so because they feared it would only put more monies in the hands of governors without any accountability. Tinubu simply came and confirmed their fears. He has the governors openly "endorsing" him but he wants ypu and I to hold them "akantable". Meanwhile, he could suspend Fubara and unilaterally freeze and unfreeze local government and state government accounts but only for the non-compliant governors that refuse to pledge support for his political ambition. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Sheuns(m): 6:28am On Aug 22*. Modified: 10:13am On Aug 22 |
Napata77:Okay. Let’s pretend inflation didn’t go as high as 200% since 2023. Let’s pretend what 4.5bn could buy in 2022, 16bn can buy now. Keep living in delusion. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by AMINDA: 6:33am On Aug 22 |
Cyberterror:Kindly explain why Tinubu has borrowed more money in 3 years than Buhari did in his entire 8-year tenure despite having removed subsidy. The argument then was that Nigeria was borrowing to subsidize fuel but subsidy is gone and Nigeria is still borrowing far more money than before. Where is the money? Where are the infrastructural projects? |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by DeepSight(m): 6:37am On Aug 22 |
AMINDA:Good question. @ Cyberterror, let me also inform you that the Petroleum Industry Act made fuel subsidy gone for June ending 2023. Therefore there are was nothing like BAT being a genius for removing subsidy "without a constitutional conference" as you say. At all events subsidy is not a constitutional issue. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by DeepSight(m): 6:37am On Aug 22 |
AMINDA:@ GloriousGbola. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by DeepSight(m): 6:40am On Aug 22 |
Napata77:Settle down. You earn N10 monthly. Cost of goods and services you need monthly is N10. Okay? Then something happens. You start to earn N50 monthly. But cost of goods and services you need is now N100. Are you richer or poorer? Mind you, you may be able to pay your domestics better and have even more domestics. But overall, are you richer or poorer? Think about this analogy not only for the states but for the common man. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Curious345: 6:45am On Aug 22 |
Have you raised salary ? |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Napata77: 6:53am On Aug 22 |
AMINDA:The infrastructural projects are standing outside your bedroom door. Don't move around the country and see what is happening, you hear? NIGERIA MUST BORROW MONEY OR WE DON'T DEVELOP. That $38 billion budget is not even CLOSE to being enough to develop a country of this size. Look at America with a similar population (320 million). Their annual budget is $8 TRILLION! AND THEY ARE STILL BORROWING TILL TOMORROW! Today they owe over $40 TRILLION!! Do we even owe up to $100 billion? I doubt it. Nigeria has to borrow. In fact we're seriously under-borrowed. If I was Tinubu I would borrow 3 times more, let heavens fall. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by helinues: 6:58am On Aug 22 |
And Atiku is planning to return the fuel subsidy. They will beat him |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by AMINDA: 6:59am On Aug 22 |
Napata77:“Tinubu told Nigerians subsidy was dead. Yet NNPC’s audited accounts reportedly contain approximately ₦17.5 trillion in energy-security costs and petroleum under-recoveries, including about ₦7.13 trillion classified as Energy Security and ₦8.67 trillion in under-recoveries. So what exactly did Tinubu remove? If subsidy is dead, why are under-recoveries alive?" - Alhaji Atiku Abubakar
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| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Napata77: 7:00am On Aug 22 |
DeepSight:But cost of goods and services have not increased by 1,000% nau.....this is pure exggeration. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by DeepSight(m): 7:05am On Aug 22 |
Napata77:Its an analogy and the analogy succeeds so long as the increase in cost is greater than the increase in income. Remember in the case of fuel the increase is over 500% so what are we saying? |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by DeepSight(m): 7:09am On Aug 22 |
Napata77:Like the fraudulent coastal road? |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Napata77: 7:12am On Aug 22 |
AMINDA:That's to cushion the effects of the subsidy removal like you people were demanding. The floating of the naira meant that fuel prices would have skyrocketed massively, causing social unrest had this 'backdoor subsidy' not been done.. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by nedu666: 7:14am On Aug 22 |
Napata77:You are not in America and don't spend dollars but govt revenue comes in dollars, budget is pegged in dollars, custom and excise duties is determined by dollars, imports for production and consumption is in dollars. Yet you don't spend dollars. Between 2023 and today the price of cement moved from 3500 to 12k. So also price of iron rods, sand, granite, tiles etc. You spend naira yet prices are jumping up by 400% |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Napata77: 7:15am On Aug 22 |
DeepSight:Don't be ridiculous. That coastal highway will open up trillions of naira in business. The real fraud was that 2nd Niger bridge if you ask me. Because till today, nobody has explained what exactly was wrong with the 1st Niger Bridge that they had to build a second one next to it. ![]() |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by AMINDA: 7:17am On Aug 22 |
Napata77:In other words, he claimed to have removed subsidy only to spend more on subsidies in 6 months than Buhari spent on subsidy in 8 years. What an Economic genius! "Tinubu has given Nigerians the worst of both worlds: he removed the relief but retained the opaque costs. Nigerians got the pain; government kept the bill. You do not build a federation by impoverishing citizens so that Abuja can send bigger cheques to governors. That is robbing households to subsidise governments." - Alhaji Atiku Abubakar
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| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Sheuns(m): 7:23am On Aug 22 |
DeepSight:You shouldn’t have bothered explaining to people that are either stone deaf or plain ignorant. He’s working for his paycheck. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Sheuns(m): 7:24am On Aug 22 |
Napata77:That coastal road is not opening any trillions of business. If you’re asked to explain now you’ll start saying gibberish. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Lithiumite: 7:26am On Aug 22 |
Sheuns:You guys keep erroneously turning logic on its head.....that's extra $2m monthly,that's $24m extra per annum.....let's even agree with you for the sake of argument that these figures are marginal......states don't access fx at the cbn rates,the dollar wasn't available anywhere at that rate..... The parallel market rate as @ 2022 was 800 naira to a dollar,do ur 4.5 billion under buhari was $5.6m. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Napata77: 7:28am On Aug 22 |
AMINDA:Where the hell did you get these bizarre numbers ![]() "Tinubu has given Nigerians the worst of both worlds: he removed the relief but retained the opaque costs. Nigerians got the pain; government kept the bill. You do not build a federation by impoverishing citizens so that Abuja can send bigger cheques to governors. That is robbing households to subsidise governments."THIS IS GARBAGE. ''Bigger cheques to governors''? What do you mean by that? Is the money for the governors' personal enrichment or is it to develop their states? See me wahala. Today, state governors no longer owe salaries, and are building infrastructure left, right and centre. So the ''bigger cheques to governors'' is a very good thing, unless your own governor is chopping the money instead of working! |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by DeepSight(m): 7:38am On Aug 22 |
Napata77:Who is being ridiculous. When i say a project is fraudulent, the bold cannot be the rebuttal even if true. It is fraudulent because - 1. It did not go through established procurement rules via the BPP 2. There was neither public nor competitive tender 3. It was awarded without NASS appropriation for the FG costs involved 4. It was awarded to an international criminal, Gilbert Chagoury, who has been convicted in the US and Switzerland 5. Gilbert Chagoury is a close personal cohort of the President 6. The president's son sits on Chagoury's boards These cross many lines of breach of procedure, compromise of ethics and conflict of interest. Do you understand now? |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Dogalmighty17: 7:47am On Aug 22 |
And what is the poverty level in Nasarawa state? In 2023, before the removal of subsidy, Nasarawa state was the 12th poorest state in Nigeria with a poverty level of 57.3%. With subsidy removed and with increased FAAC allocations, Nasarawa's poverty level INCREASED! It became the 25th poorest state in Nigeria with a poverty level of 60.7% These are easily verifiable figures. Yes, Nigeria earns more now but it's free floating currency has brought about negative growth. |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by Kushites(op): 7:48am On Aug 22 |
DeepSight:Hmmm.....but the 2nd Niger bridge was by Julius Berger, abi? Do you now how corrupt that company is? |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by jogojogo: 7:49am On Aug 22 |
AMINDA:You know more the governors. You are helping them wear the shoe. Clap for yourself |
| Re: Tinubu Raised Our Allocation From ₦4.5 Billion To N16 Billion - Nassarawa Gov by DeepSight(m): 7:56am On Aug 22 |
Kushites:Why does 2nd Niger Bridge come up? That is whataboutism at its worst. |
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