₦airaland Forum

OrlandoOwoh:
When will you get over the loss of Jonathan after the noise you made about Buhari being disgraced?

Firefire:
Well written.

God deliver Nigeria from the Lion's Den. Amen!

ozoigbondu:
Kikikikikikikiki guy you too funny l hope those people that will full kirikri will include some of his party top guns if not na wahala be that

onatisi:
I think we should allow buhari to unfold his economic and security plans officially before criticizing or praising him

onatisi:
I think we should allow buhari to unfold his economic and security plans officially before criticizing or praising him

superstar1:
God will bless you.

This joke of a thread is making me question some people's IQ level.

If this is what being an opposition is to some people, they are in for a long run. At this rate, they will lose their voice and sanity before May 29.

Mogidi:
That was the same approach Jonathan took, Nigeria actually rose in the rankings of transparency international.

Metrofox:
Same Jonathan that granted pardon to a wanted fugitive? How smart

Mogidi:
Buhari would be scrutinized 24/7, get used to it.

anonimi:
The professor who dashed Lagos IGR to Tinubu's company Alpha Beta plus the bogus pension to the JagbaJantis of Bourdillon

You never wake up to realise the SCAM you have bought in the name of 'change'

Metrofox:
Same Jonathan that granted pardon to a wanted fugitive? How smart

onatisi:
I think we should allow buhari to unfold his economic and security plans officially before criticizing or praising him

Mogidi:
Same Buhari that said Abacha never stole any money, what are you smoking?

BecaciaBarbie:
Only losers like Barcanista open threads like this

barcanista:
1. Buhari/APC To Pay 25m Unemployed N5000 Per Month
Cost Implication:
The implication here is that the sum of N125billion (ie 25million * N5000) will be spent to service this policy every month, and an estimated N1.5 trillion (ie N125bn * 12 months) will be spent on this policy alone every year.

2. Buhari/APC To Provide Daily Meal for Primary School pupils.
First, the FG has no business with the running of Primary schools. This is the responsibility of States and Local Government. However, Buhari's administration pledged to provide at least one meal per day for Primary school Children, we shall hold him accountable.
Cost Implication:
Osun State reportedly spent N3.2billion in 2014 for the feeding of 300,000 primary 1 to 4 pupils in the state. The Osun state program exclude pupils in Primary 5 and 6. If we are to break it per pupil, we will have N10,667 per pupil(ie 3.2b/300k). Considering that over 35million children are estimated to be enrolled in Primary school across the country, at least the sum of THREE HUNDRED AND SEVENTY THREEE BILLION (N373b) is estimated to be spent on the program annually(ie 35m * 10,667).

Gross Annual Estimated Cost For Both Programs
N1.5trn + N373b = N1.873trn

That means Buhari is to increase our Recurrent Expenditure by N1.83trn.

How Feasible Are These Programs?
Let us take a look at the key component of the 2015 Budget(as adjusted by the Senate).
Total Budget Stand at N4.3trn.
Recurrent Expenditure: N2.58 trillion
Capital Expenditure: N700 billion

From where will Buhari See N1.8trn To Service His Social Programs?
- Remove Subsidy? If he's thinking of scrapping fuel subsidy, the adjusted allocation for petrol subsidy in 2015 budget is N100billion. The adjusted allocation for SURE-P is N21b, while the subsidy for kerosene for 2015 was adjusted to N45.5b. This gives a total of N166.5b.
Even if he should scrap SURE-P and remove the petrol and kerosene subsidy, he still won't be able to get 1% of the N1.8trn.

- Spend All Capital Expenditure + Subsidy? Even if Buhari is to spend all our N700b Capital Expenditure on his Social program in addition to the N166.5billion subsidy funds, it still won't be enough as it will fall short of One Trillion Naira.
N700b + N166.5b= N866 billion

- Money Appropriated To NASS? The total budget for the National Assembly for 2015 is N115b. Even if Buhari is to spend this money + subsidy allocation + Capital Expenditure to fund his program, he won't be able to raise the required fund. As all appropriation combined stand at N981billion(ie N700b + N115b + N166b)

So How Does Buhari intend to raise N1.873trillion to fulfil this social welfare pledge? Does this mean the administration has failed even before starting? Dead on arrival?

ozoigbondu:
Who is the wanted fugitive

Metrofox:
Since when did the prof turn to House of Assembly.. or Lagos no longer uses law makers?

Mogidi:
We have moved on from the elections.
Now if you think the incoming president would get anything as a honeymoon period you're grossly mistaken, he better hit the ground running.

Mogidi:
This is more of an analysis on what is possible and what were propaganda materials.

Bros how body?

Billyonaire:
I am very sure that Buhari did not fact-check the financial implications of his campaign promises. Do you blame the semi-illiterate ? I do not blame him, I blame the 150 cows that voted a certificateless ancestor whose legacy remains in history.

This is someone who never believed he could win election. The man has 150 cows, perhaps that will suffice. He will likely stabilize the price of cows to generate 1.87trillion. He promised to 'give his all' when elected. And I need him to give me his 150 cows. That's my expectation from Buhari, cos I know every other promises will varnish, just like APC website.

Tick Tock, Tick Tock,Tick Tock,Tick Tock,Tick Tock......May 29th Loading..........

anonimi:
Your prof was Thief'nuibu's Attorney General who drafted the law that was rubber stamped by LASHA.

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