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Nairaland Forum / Nairaland / General / Politics / Buhari's Social Program: Very Possible. (52607 Views)
Buhari Social Program PART II: Feasible or Laughable? / Barcanista, Buhari's Social Program; More Of A Possibility / Buhari Social Program: Laudable, Laughable Or Dead On Arrival? (2) (3) (4)
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Re: Buhari's Social Program: Very Possible. by Nobody: 11:28pm On Apr 19, 2015 |
kaboninc:I have explained how we can double our present income through mining, i was just irritated by barcanista's topic. |
Re: Buhari's Social Program: Very Possible. by taharqa: 11:28pm On Apr 19, 2015 |
kaboninc: Lolz 2 Likes |
Re: Buhari's Social Program: Very Possible. by garrix8: 11:29pm On Apr 19, 2015 |
Obiagelli: Sure. From his post, NNPC (Which represents the interest of the FG) takes 60% while the IOCs share 40%. This 60-40 sharing is done after deduction of Royalty, PPT and Cost Oil. |
Re: Buhari's Social Program: Very Possible. by kaboninc(m): 11:30pm On Apr 19, 2015 |
Firefire: Even with common arithmetic, you should be realistic. God help us too. 1 Like |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:31pm On Apr 19, 2015 |
Billyonaire:I think i factored most all you posted above, i even used 2million barrels per day against 2.6. My calculations were based on dollar at 160 naira. 1 Like |
Re: Buhari's Social Program: Very Possible. by Nazeeboy(m): 11:32pm On Apr 19, 2015 |
kaboninc:hey man you don't have to be shouting and throwing insults to get attention. Calm down let's talk rationally as human beings. 1 Like |
Re: Buhari's Social Program: Very Possible. by atlwireles: 11:32pm On Apr 19, 2015 |
taharqa: Can you believe that, this what most of them carry in their heads. You wonder why 419 is still successful in 2015. Just talk to an average APC supporter. 4 Likes |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:32pm On Apr 19, 2015 |
garrix8:God bless you and i believe royalties goes to the FIRS? 1 Like |
Re: Buhari's Social Program: Very Possible. by pdrefurb: 11:33pm On Apr 19, 2015 |
MuguliciousMUGU:Ɣ☺ΰ are a big fool....see how supporting the clueless one has affected your brain?what is wrong in her analysis?whether Ɣ☺ΰ like it or not the certificaless one will rule over Ɣ☺ΰ 4 4 years better than the clueless one that has certificate and spent 2trillion 2 win election and was scammed by fools like Ɣ☺ΰ and still lost...get over your sef oga....big mumu 3 Likes |
Re: Buhari's Social Program: Very Possible. by Nazeeboy(m): 11:34pm On Apr 19, 2015 |
sarahatuba:Amen dear! 1 Like |
Re: Buhari's Social Program: Very Possible. by Firefire(m): 11:34pm On Apr 19, 2015 |
Bayswater: Honestly speaking, if Nigeria cut the cost of governance, reduce fraudulent businesses, cut the cost of all political office holder, then we can have more money to fund our developmental projects and not feeding the children at another bogus cost as postulated in APC campaign promises. Increasing of Taxes in Nigeria is inevitable but should not be the first option in generating more revenue, all loopholes should be blocked first. 3 Likes |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:35pm On Apr 19, 2015 |
garrix8:Thanks brother. Learning something new here. 1 Like |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:35pm On Apr 19, 2015 |
Obiagelli:You did not take out the % of crude taken by Oil companies. You merely calculated amounts based on price of crude and projected production. Re-based your calculation based on what Federal Governt earns, what you calculated belongs to the Oil companies, the Federal Government, the State governments and Local Governments. Split the damn digits based on Revenue Allocation and Petroleum Industry Sharing ratio. Will Buhari not give Oil company their share ? He will not give state government ? Will he not give Local Government ? Factor in Debt Management in the Federal Govenment share, and also factor in External Reserve and Excess Crude Reserve. Why are you stubborn ? 1 Like |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:36pm On Apr 19, 2015 |
Firefire:One meal for primary school kids isn't too much brother, have thought of the effect on the agric sector? Massive boom. 2 Likes |
Re: Buhari's Social Program: Very Possible. by kaboninc(m): 11:37pm On Apr 19, 2015 |
Obiagelli: Double? We can improve our tax collection drive thereby boosting revenue. Do you know how many people evade tax? But people wouldn't want to pay too if there's nothing to show for it. We can strengthen people and institutions thereby reducing (not completely eliminating) corruption. We can continue the drive of diversifying our economy, improving our income streams. But doubling....that will take years to come. As it stands today, oil is our major source of income. The PIB will also help shore up our income too. Oby, are you saying that you APC folks know nothing about this? APC, they never forget to disappoint! 3 Likes |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:37pm On Apr 19, 2015 |
Billyonaire:I already covered the revenue formula in my first post nah. |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:38pm On Apr 19, 2015 |
Obiagelli:You didnt. I have a copy of your write up here. Its complete bullshit honey. 4 Likes |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:39pm On Apr 19, 2015 |
kaboninc:Are you saying mining can't double our income? Of course we need to work on taxes too. |
Re: Buhari's Social Program: Very Possible. by Olaone1: 11:40pm On Apr 19, 2015 |
I dey laugh oo |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:41pm On Apr 19, 2015 |
Billyonaire:Read the last paragraph, after the edit. |
Re: Buhari's Social Program: Very Possible. by atlwireles: 11:42pm On Apr 19, 2015 |
Firefire: Cutting the cost of government means sacking thousands of civil servants, there is no two ways about that. Reducing fraudulent business acts, is best imagined in this country. We refuse to restructure, so we are paying the price for inefficiency. Any form of Tax increase MUST AND WILL BE VIGOROUS OPPOSED. You will not tax hard working regions to fund loads of lazy poor people. Increasing any form of tax must be done at the state level. Let APC take the same revenue as is today and perform their miracle, they promised Nigeria before the election. |
Re: Buhari's Social Program: Very Possible. by chronique(m): 11:42pm On Apr 19, 2015 |
I was about pointing this out. I'm surprised at how most of these folks have been going about their crayfish accounting and sharing whole oil revenue from crude oil sales,without deducting operational costs and expenses. It's even more worrisome when they tend to talk with authority and all sense of conviction that they are saying the right thing. Nairaland keeps exposing the ignorance exhibited by a larger percentage of Nigerians,on a daily basis. I think govt should start making basic accounting principles and practice,a compulsory course for every Nigerian undergraduate. With the way the OP has done her calculations,I have no doubt that she'd be very successful in running down multi-billion dollar businesses within a very short time frame,if given the opportunity. taharqa: 3 Likes |
Re: Buhari's Social Program: Very Possible. by Nobody: 11:44pm On Apr 19, 2015 |
Obiagelli:You are fucking crazy sweetie, so you re-ammended the post. I didnt see that, but based on earlier calculus, we need 1.87 trillion, and you are able to realize 0.6 trillion that is 600 billion ? How will you get the remaining 1.2 trillion to fulfil the idiotic promise of free food ? Yeye dey smell oh. I got to go to bed, you are mischievous. 3 Likes |
Re: Buhari's Social Program: Very Possible. by trillville(m): 11:45pm On Apr 19, 2015 |
Firefire: Have you thought critically about the benefits Nigeria as a whole will gain from feeding children? Or you've simply assumed is just campaign propaganda? Today we have ND militants, boko haram, ombaste, Fulani herdsmen, opc, biafranist, etc, all recruiting young illiterate people to commit atrocities against Nigerians. Given these children free food would hopefully make them stay in school and give them a better chance of not becoming destroyers of Nigeria in the future. Do you understand? 1 Like |
Re: Buhari's Social Program: Very Possible. by Nazeeboy(m): 11:46pm On Apr 19, 2015 |
olumide4christ:yeah my brother. These people hates to hear even a bit of the truth and i wonder why? Whenever the truth is being said, they go mad on the person that said it. There is nothing wrong in admitting that you are wrong and somebody is right. We are all human beings and making mistakes are parts of what defines us and characterizes us as rational beings. 2 Likes |
Re: Buhari's Social Program: Very Possible. by kaboninc(m): 11:47pm On Apr 19, 2015 |
Obiagelli: Hmmmm...so by giving primary school children, one meal per day, there will be a massive boom in the agricultural sector? Hian! The MDGs were developed for certain reasons. These goals amongst other things seek to eradicate extreme poverty. Spending money on a meal per day and empowering these homes (the parents), which do you think is an effective way of reducing poverty? 3 Likes |
Re: Buhari's Social Program: Very Possible. by taharqa: 11:47pm On Apr 19, 2015 |
Obiagelli: Obiagelli o, for Goodness sake, accept your huge errors and bow out gracefully. Your initial OP was a complete mess. Am sure you know that by now cos you are a smart gurl. You would have noticed that most of us have been somewhat cautious in responding to you on this thread, in spite of the glaring errors in the OP. That cos you are considered about the sanest APC supporter here on NL. Don't overstretch that welcome, biko. Do the graceful thing... |
Re: Buhari's Social Program: Very Possible. by Firefire(m): 11:47pm On Apr 19, 2015 |
Obiagelli: I see your analysis in attempting to counter Bacarnista, but your projection make it looks as if Buhari will feed the children from all the revenue accrued to the government going by your computations, thou with many noticed loopholes. Buhari and APC govt. cannot afford to fail, the faith reposed in their government is beyond any complain or excuses. They must deliver all their electoral promises, if it would involve borrowing some money from Bukola Saraki, Ahmed Tinubu, Rotimi Amaechi and others in their camp. Peace. |
Re: Buhari's Social Program: Very Possible. by garrix8: 11:48pm On Apr 19, 2015 |
Firefire: There's nothing wrong in feeding Children who attend Public schools. The benefits of the program outweighs the cost in my opinion. |
Re: Buhari's Social Program: Very Possible. by kaboninc(m): 11:49pm On Apr 19, 2015 |
trillville: Only if you know that there's no free meal even in Freetown! |
Re: Buhari's Social Program: Very Possible. by Abok1(m): 11:49pm On Apr 19, 2015 |
Obiagelli: Obiagelli: [b] I posted the following earlier on another thread: Shell royalties paid to Nigeria 2003 - 1.8 billion 2004 - $3.3 billion 2005 - $4.3 billion 2006 - $3.5 billion Source: http://reports.shell.com/sustainability-report/2011/servicepages/previous/files/shell_report_2003.pdf http://reports.shell.com/sustainability-report/2013/servicepages/previous/files/shell_report_2004.pdf between 2007 to 2011 $38 billion Source: http://reports.shell.com/sustainability-report/2011/ouractivities/deliveringenergyresponsibly/nigeria.html From the figures above which is from Shell alone, the cost of crude oil at 2006 was $58 per barrel and shell paid $3.5 billion, this figure is also factoring the Niger delta constant pipeline blow ups. Also in 2006 shell had the Bonga oil field oil leakage, which led to loss of products to the leaks and also extra cost of fixing the leakages. Using the above figures, if Shell alone is paying approximately 855 billion naira (using today's rate), how much do think the FG would make from the other firms considering the fact that there is an increased output form the Oil companies and there is peace in the region. [/b] 2 Likes |
Re: Buhari's Social Program: Very Possible. by ngoziama: 11:50pm On Apr 19, 2015 |
Obiagelli: Obiageliiiiii nodu nwayo plsssssss.you are just becoming unecessarily loud.The same you that destroyed unity schools just because the rich wanted to buy them over.mmmmmhhhhhh |
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