MuguliciousMUGU:
Nonsense

go school, you won't go... You can see how buhari certificateless brain is affecting yours.

Just as they say, show me your friend and i will tell you who you are.

I rest my case.

We are watching the miracles...

kaboninc:


Borrowing is not a bad thing. For the fact you borrowed some funds doesn't mean there was theft. Nigeria borrows because we do not have easily disposable assets (we're are cash strapped) but we do have valuable assets that can stand in for the borrowed cash.

Oby, biko, spend time learning.

When asked how he intends to lead the country in the face of dwindling revenue, GMB said the money recovered from corruption will be used to augment budget shortfalls. Yeah, its a good initiative but how much kwanu?

bolanto24:



offshore or onshore doesn't matter cos it is in ND land n water

stave9ja:
If you all say the calc is a lie... Where did the 20b$ get lost from

Guys there is money in this country

ekolina:
. They get more than 40%. Just try to Google this Erha, bonga and see the % sharing

Firefire:



you be go like to dey go babalawo place ooooo


na joke I dey ooo.

Billyonaire:
What are you talking about ? So, does it not occur to you that the Oil companies take over 40% of the petroleum product ? You they explore and drill for free ? Jesu Christu!

Scholes007:
tell me where 1.8tr can be sourced for a non sense social pledge for millions unemployed youths

garrix8:


Definitely. Between 45-60% usually. While the other 2-4 Partners share 40-55% depending on the terms of the PSC.

Mykevp2p:


I have never doubt the social welfare program, my point was regarding to the issue of additional revenue gernation in terms of expandaing out tax net and revising the VAT.

About the issue of social welfare programs, this is just a replicate of what you have in Brazil (exactly wit the same conditions attached). The problem for me is the issue of identifying these poorest of the poor. GMB is just the president and cannot be everywhere. We have no functional national ID database.. It is difficult to determine who is even really a Nigerian let alone their level of income.

Obiagelli:

I never said borrowing was bad.
You will be amazed how much is stolen from this country, please Google UN reports on it

Obiagelli:
Officially, Nigeria exports 2 million barrels of crude oil
daily. At the current price of 60 US dollars per barrel, that
translates into 120 million US dollars.

120 million x 365day = 43,800,000,000

43 billion dollars @ 60% ( rumoured sharing formula between Nigeria and oil companies)

That means Nigeria makes 25.8 billion dollars annually.

$25.8 billion x 200 naira = 5.1 trillion naira.


Nigeria's 2014 budget was N4.6 trillion meaning we still have about 0.5 trillion naira change.
www.channelstv.com/2014/04/09/nigerian-senate-passes-4-6-trillion-naira-2014-budget/


FEDERAL INLAND REVENUE

Nigeria generated N4.69tn Revenue in 2014

www.thisdaylive.com/articles/firs-generates-n4-69tn-revenue-in-2014/200484/

Adding N4.69 trillion (firs) + 5.1 trillion (crude oil) = 9.79 trillion.

If our budget was N4.6 trillion then we have a balance of 5.1 trillion naira that nobody accounts for.

Barcanista asked where we will find 1.8 trillion to take care of our most vulnerable citizens, this balance of 5.1 trillion will be taken away from the pockets of criminals and militants.

Seun
Lalasticlala
Ishilove
MizMyColi
MzJackBaueress.

EDIT.


I forgot the FG gets 52% of total income, even at that we have a balance of 0.6 trillion naira which is sufficient for the first stage of the social programs.
The APC government has said one of its major income earners is the mining industry.

This plans with financial discipline is very much achievable.

Please note that my analysis is based our major source of income ( oil and taxes), i have not touched other income earnings.

Truckpusher:
Lmao.....
You go see abracadabra numbers for oby hands na.

Omo ! I no dey go church and I no dey enter babalawo I just dey my own .

Nazeeboy:
you too tell me where did GEJ get the over 2tr naira he shared to PDP chieftains and ministers for his campaign, which you know by now he is demanding for the refund of that money. We are talking of over 2tr naira just for a campaign! You guys are here analysing the facts on ground of the sources of our income. Nigeria earns more than the trillions you are analysing here. There are just so many sources nigeria earns money that we don't know of and only God knows. So let's just keep our mouth shut and hope for the best from the incoming administration. If buhari really says 5k for each unemployed youth then he sure knows the reason why he says so because he has been in the system long enough to know what kind of money nigeria is generating anually. This old man has nothing to gain for him to tell us lies so that he becomes the president. You can all sense his desperation to right the wrongs of many of our past leaders including his own mistakes and make Nigeria great again. So at least give him space to be sworn in first.

Misogynist2014:
How is your Jonathan in anyway different? He promised us uninterrupted power and security, yet he failed.

ChinemeOkpan:


I was actually praying that APC supporters will not respond to his daft thread but I know Obiagelli couldnt sit down and watch him relay crap

These guys are really under estimating Buhari and I like it because his performance will be a shock to them.

Nazeeboy:
you too tell me where did GEJ get the over 2tr naira he shared to PDP chieftains and ministers for his campaign, which you know by now he is demanding for the refund of that money. We are talking of over 2tr naira just for a campaign! You guys are here analysing the facts on ground of the sources of our income..

Obiagelli:

Please post a link.

taharqa:


Exactly!!!

That is what some of us have been wondering since we heard this news. Now, You tell us 'where did the $20b get lost from'??

IGNORAMUS

Billyonaire:
Obiagelli, I am surprise you do not know this. Google Major Major Nigerian Oil Production Joint-Ventures
Operator
(% interest)

  Other
Partners
(% interest) NNPC
(% interest)  
Major Producing Fields
  Production
Barrels per Day
Shell (30%) TotalFinaElf (10%)
Agip (5%) 55% Bonny or Eastern Division - Nembe, Cawthorn Channel, Ekulama, Imo River, Kolo Creek, Adibawa and Etelelbou
Forcados or Western Division - Forcados Yorki, Jones Creek, Olomoro, Otumara, Sapele, Egwa and Odidi 950,000 (2003 Est.)
ExxonMobil (40%) None 60% Edop, Ubit, Oso, Unam and Asasa 500,000 (2003 Est.)
ChevronTexaco (40%)
  None 60% Meren, Okan, Benin River, Delta/Delta South, Inda, Meji and Robertkiri
Funiwa, Middelton, North Apoi, Pennington and Sengana 485,000 (2003 Est.)
Agip (20%) Phillips (20%) 60% Obama, Obiafu, M'Bede, Abgara and Oshi 150,000 (2003 Est.)
TotalFinaElf (40%) None 60% Obagi, Aghigo, Okpoko, Upomami, Afia and Obodo-Jatumi 150,000 (2003 Est.)

nortcentrallord:
5.1 trillion naira from oil revenues and some fools beleive GEJ spent 2 trillion naira on campaigns while some more foolish once are calling 20 trillion naira.
Even form the analysis it seems a country's earning and spending is just simple mathematics of 1 + 1.
If you are ignorant, just accept it and learn from the right source. Truth is 97% of Nigerians don't know these things but time will definitely tell. Two years @ most then the true undeniable reality will set it.

Obiagelli:

I guess i am still in line with my projections

Obiagelli:
Officially, Nigeria exports 2 million barrels of crude oil
daily. At the current price of 60 US dollars per barrel, that
translates into 120 million US dollars.

120 million x 365day = 43,800,000,000

43 billion dollars @ 60% ( rumoured sharing formula between Nigeria and oil companies)

That means Nigeria makes 25.8 billion dollars annually.

$25.8 billion x 200 naira = 5.1 trillion naira.


Nigeria's 2014 budget was N4.6 trillion meaning we still have about 0.5 trillion naira change.
www.channelstv.com/2014/04/09/nigerian-senate-passes-4-6-trillion-naira-2014-budget/


FEDERAL INLAND REVENUE

Nigeria generated N4.69tn Revenue in 2014

www.thisdaylive.com/articles/firs-generates-n4-69tn-revenue-in-2014/200484/

Adding N4.69 trillion (firs) + 5.1 trillion (crude oil) = 9.79 trillion.

If our budget was N4.6 trillion then we have a balance of 5.1 trillion naira that nobody accounts for.

Barcanista asked where we will find 1.8 trillion to take care of our most vulnerable citizens, this balance of 5.1 trillion will be taken away from the pockets of criminals and militants.

Seun
Lalasticlala
Ishilove
MizMyColi
MzJackBaueress.

EDIT.


I forgot the FG gets 52% of total income, even at that we have a balance of 0.6 trillion naira which is sufficient for the first stage of the social programs.
The APC government has said one of its major income earners is the mining industry.

This plans with financial discipline is very much achievable.

Please note that my analysis is based our major source of income ( oil and taxes), i have not touched other income earnings.

Obiagelli:

Except i don't know i to interpret your figures, all i see here is 40%

duni04:

Her intention was to spark a debate and not to throw out anything as fact. If you disagree with anything she put out in her opening post, state it instead of beating around and contributing nothing to the debate.

Nazeeboy:
you too tell me where did GEJ get the over 2tr naira he shared to PDP chieftains and ministers for his campaign, which you know by now he is demanding for the refund of that money. We are talking of over 2tr naira just for a campaign! You guys are here analysing the facts on ground of the sources of our income. Nigeria earns more than the trillions you are analysing here. There are just so many sources nigeria earns money that we don't know of and only God knows. So let's just keep our mouth shut and hope for the best from the incoming administration. If buhari really says 5k for each unemployed youth then he sure knows the reason why he says so because he has been in the system long enough to know what kind of money nigeria is generating anually. This old man has nothing to gain for him to tell us lies so that he becomes the president. You can all sense his desperation to right the wrongs of many of our past leaders including his own mistakes and make Nigeria great again. So at least give him space to be sworn in first.