₦airaland Forum

themilanway:
Doom sayer crew.GMB hasnt been sworn in,why the rush to throw him under the bus?Looking for a bad name to hang a dog?

How do you know his social programme isnt feasible?Are you privy to some 1st hand information we dont know?

Why havent you nitpic GEJ/PDP's manifesto?Or did GEJ fulfilled the phantom"fresh air"he promised in 2011?

If you are going to cry more than the bereaved,wait till he is sworn in atleast.

Turncoat.

The fresh air that gave you freedom to Elect BABA ONE CHANCE as the president is not fresh enough Abi?

D9ty7:
Lets see where this takes us. I love debates.

Yeah, even though in a lot of ignorance is exposed debates like this are very good for NL. At the end of day some people will learn a thing or two.

otr1:
I'm not interested in the official figure. They tell you just what the Government wants to believe. I insist your knowledge is limited to what you read on paper.
By the way, 25% of the content of our annual budgets are duplications and unnecessary.

Now read this:

http://www.theguardian.com/global-development/2013/oct/06/oil-theft-costs-nigeria

Now, that's something.

Let me educate you, you cannot just wakeup to cut down recurrent expenditure JUST like that. You will need the NASS to repeal act that created some Agencies and Parastatals first. then You will need to SACK some people... And be ready to face the wrath of NLC and the masses.

Secondly, the so-called 300,000 per barrel that is lost daily does not translate to 100% of the money into our treasury except you want an Obiagelli's kind of calculation. To end oil wastege and theft, you need to put structures in place and check-mate sabotage. The truth is that takes LOTS of time and CAN'T be achieved in 2 years all things being equal.

bakila:
An unrepentant black bellyist. Buhari will do better than GEJ and so will you thrive in his tenure and the man in your pantss also.

de bolded in ur statement says it all.

atlwireles:
Any attempt to increase taxes at the federal level will not pass. The Nigerian Business community and the financial donation states will aggressively fight it. Remember most of the APC states are what I call collection state, vat increase will not affect, because they are paying almost zero right now. Only Lagos is going to feel the effects, and they rather see a State tax increase than a federal one.. The opposition states will do the Nigerian thing and call it a tribal economic sabotage.

We earnestly wait for them to increase it, the incoming administration is the actual definition of clueless.

barcanista:
In my earlier thread https://www.nairaland.com/2265570/buhari-social-program-laudable-laughable I spelt it clearly that the FG have no business with running of public Primary schools. However, the GMB incoming administration made pledge of Feeding Primary school pupils across the country, we MUST hold them accountable to their promise.

Mumu... did Buhari tell you the feeding money will come from Federal coffers? Why can't Buhari just enforce that the local government responsible for primary school education provides lunch for kids in school ?

barcanista:
Even if they increase tax to 10 or 15% they won't be able to realise the needed money to fund the program. However, let's wait for them to announce increase in VAT and other tax, then we will analyse the new program and educate Nigerians on the consequences.

barcanista, it's good to remind APC that we shall make them accountable for every word of their campaign promises.

Gone are they days of bogus promises to win sympathy vote, CHANGE is here.

dustydee:
No doubt, the people must hold their government accountable. I sincerely hope they fulfil most of their promises unlike the outgoing government that failed to fulfil most of their campaign promises.
The most difficult one to fulfil will be the social scheme most of the others are easily achievable if the will is there.

Please, list the failed promises here.

PassingShot:
You're the ignorant one here for the following reasons:

1. You assume you know but you know not

2. You assume that the FG cannot in actual sense increase its earnings whereas it is highly possible

3. You believe all the figures given by the outgoing regime which has lost all credibility to the extent that very few people now believe those figures given in the past.

4. You failed to factor in what can be saved by blocking leakages and limiting corruption/looting.

5. Finally, you are unnecessarily proud, arrogant and an unrepentant sore loser!

^^^^ Are u using insults to counteract his disposition or u want to pick an E-fight with him? Counter him with facts and figures. We have gone past tantrums.

atlwireles:
The great thing this election is going to produce is an ideological debate in Nigeria. We have to now discuss government and its responsible. Also, who bears the cost of government nanny state programs and why. Money will become a central topic in the country in a way its has never been. I have to thank the Nigerian people for giving us this chance.

APC come and perform your miracles.

This is how it should be! Unfortunately some people see threads like this as bad and borne out of bitterness. Let those who are convinced that Buhari's proposals are feasible and what the country needs share their conviction. They should demonstrate how these plans will work. We all stand to learn something.

PhockPhockMan:
The fresh air that gave you freedom to Elect BABA ONE CHANCE as the president is not fresh enough Abi?

You mean the PVC?

Firefire:
barcanista, it's good to remind APC that we shall make them accountable for every word of their campaign promises.

Gone are they days of bogus promises to win sympathy vote, CHANGE is here.

The APC just don't want any opposition that is why. They want everybody to "Yes Sir" "Yes Baba" to whatever they say. They are yet to hear the last of us.

Genius100:
Mumu... did Buhari tell you the feeding money will come from Federal coffers? Why can't Buhari just enforce that the local government responsible for primary school education provides lunch for kids in school ?

My guy sometimes it is good to keep mute when you don't seem to understand by throwing insults and displaying ignorance.

From whose coffers will the feeding come from? LGs are even crying that their allocation and revenues aren't enough, you are talking of telling them to add another liability to their problems. Well, Buhari have NO RIGHT to tell a Local Government Chairman what to do and which policy he is to implement. There is something called Separation of powers. Buhari isn't a military maximum dictator.

sarahatuba:
Why are we just going back nd forth on this issue......im sure putting this as one of their campaign strategies was a collective decision by people who know all these y'all are writing....nt just a one man decision.......they arent as stupid or dumb as we might think......lets give them time to prove they can do it...lets not be pessimistic #my 2kobo on the matter

But it's our responsibility to remind the politicians of their campaign promises and hold them responsible if they fail.
It amounts to disaster if you deceive electorates with impossible promises, this is one of them.


I pity BABA ONE CHANCE.

barcanista:
The APC just don't want any opposition that is why. They want everybody to "Yes Sir" "Yes Baba" to whatever they say. They are yet to hear the last of us.

The best APC can do is to retract the Freedom of Information Bill and remove the Freedom of Speech clause from the Nigerian constitution if possible. Then, they are covered.

Firefire:
The best APC can do is to retract the Freedom of Information Bill and remove the Freedom of Speech clause from the Nigerian constitution if possible. Then, they are covered.

That one be say them go need to jail everybody o. Because we shall resist it with every strength that we have.

Them don enter, them go face am

[b] . . . . . . . .Buhari has always said that he will simply tighten leakages for more funds to be on the table . . . . . . . . . .

Under Ngozi Okonjo Iweala’s waiver regime, Nigeria was short changed to the tune of N1.4trn in 3 years, that’s an average N420bn a year through waiver abuse
http://shipsandports.com.ng/import-duty-waivers-customs-rubbishes-okonjo-iwealas-claim-says-nigeria-lost-n1-4-trillion-in-three-years/
http://africanewspress.com/2014/01/24/presidency-finance-ministry-pressuring-nigeria-customs-to-disown-waiver-abuse-report-indicting-okonjo-iweala/


MDAs through corruption have refused to remit accordingly to the federation account, for instance in 2009, the IGR of MDAs was N3.06trn . . . .remittance was only N46.8bn.

in 2010, IGR from MDAs was N30.07trn, remittance was only N54.1bn

in 2011, IGR from MDAs was N30.17trn, remittance was only 73.8bn
http://www.thisdaylive.com/articles/disquiet-over-non-remittance-of-fg-s-revenue/139336/

. . . . . . . . . . . .Nigeria is a leaking basket (revenue wise), that the corrupt Jonathan turned a blind eye to these realities doesn't mean it is inbred in us to embrace corruption and allow leakages!![/b]
[size=4pt]Obiagelli[/size]

A promise made to daft followers!

barcanista:
Let us not forget that General Buhari/Osinbajo also promised to pay allowance to the elderly and disabled

Osinbajo, January 8, 2015
“The elderly and the physically challenged would also not be left out as our government would be giving them allowances.”
www.punchng.com/politics/buharill-create-720000-jobs-osinbajo/

This is a subject for another day

cc Truckpusher Anonimi Tomakint Biafranqueen Phockphockman Mogidi Altwireless Peppyluv02 Whynothetruth Mzmycoli


Special cc: Seun Lalasticlala Ishilove (Please do the needful)

barcanista:
You get idea on the loans inured by Ogun State under Amosun?

do u read?

This topic is very sensible.

Rather than attacking the person of the poster I think you guys should intelligently dispel the hard proofs he has provided.

I love intelligent discussions like this.

barcanista:
My guy sometimes it is good to keep mute when you don't seem to understand by throwing insults and displaying ignorance.

From whose coffers will the feeding come from? LGs are even crying that their allocation and revenues aren't enough, you are talking of telling them to add another liability to their problems. Well, Buhari have NO RIGHT to tell a Local Government Chairman what to do and which policy he is to implement. There is something called Separation of powers. Buhari isn't a military maximum dictator.

Do you mean to tell me there are no leakages in the local government that can be plugged? If Osun state that receives one of the lowest allocations can execute this program, why can't the rest of the country? By the way, do you know the economic activity and the multiplier effect that will result from this program If the food materials are sourced locally?

barcanista:
PLEASE TAKE TIME TO READ

This thread is in response to the Thread by Obiagelli's https://www.nairaland.com/2265908/buharis-social-program-very-possible. In her bid to defend the Social policy of Mr Buhari, Obiagelli insulted the intelligence of Nigerians with respect to what is accrued to the Federal Government in revenue per fiscal year. Let us start by putting things in order...

Nigeria's Revenue:
Nigeria's revenue is accrued through oil export, non oil export, oil tax and non oil tax. The Federal Inland Revenue Service is statutory responsible for the collection of both oil profit tax and non oil tax. The money for oil export goes directly to the Federation Account via the NNPC. The money generated via non oil export goes directly to the federation account through relevant Agencies.

Oil Revenue:
The total sum realised through Oil export(after operational cost) and oil profit tax is known as "Oil Revenue"

Non Oil Revenue
While the sum realised through export of other commodities(after operational cost) and the money realised from non oil profit tax is called "Non Oil Revenue".

What Did Nigeria Earn Between January 2014 and January 2015?
Nigeria Total Earning:
Jan 2014 - June 2014 = N5.109trn

June 2014 - Jan 2015= N3.676trn

Total: N8.785trn

Total Oil Revenue (Oil Export Earning + Oil taxes)
= 70% of Total Revenue ie N6.15trn

*Total Non Oil Revenue (Non Oil Export + Non oil taxes)
= 30% of N8.785trn ie N2.635 trn

Jan 2014- June 2014 = N1.08trn*
July 2014 - Jan 2015= N1.556trn [N2.635trn]

Understanding FIRS 2014 Report:
FIRS announced that the sum of N4.69trn was generated in 2014. The report indicated that N2.45 trillion, representing 52.96 per cent, was collected from petroleum profit tax while N2.24 trillion, representing 47.04 per cent, was collected from non-oil taxes during the period.
Analysis
This sum(N4.69trn) is not independent of the published N8.785trn that Nigeria was said to earn between Jan 2014 and January 2014. It is a part and parcel of the total revenue.

How Much Did FG Get In 2014?
There is a consolidated Sharing formula between FG, States, LGs and Oil Producin States(13%) after operational and other associated cost has been deducted.
FG Earnings In 2014
1st Qtr: N912 billion
2nd Qtr: N864.2 billion
3rd Qtr: N924.68 billon
4th Qtr: N617.186 billion
Total 2014= N3.318trn

2014 Budget: N4.6trn
FG Projected Earning for 2014= N3.73tr
Real Earning = N3.318trn
Deficit in 2014 Fiscal Year: N1.282trn

What this means is that the money accrued to the FG was not even enough to fund 2014 budget. We had a deficit of N1.282trn.
Also note that the fall in oil price affected our earning.

Looking At 2015 Budget:
The 2015 budget(as adjusted) stand at N4.3trn.
Projected Revenue For 2015= N3.603trn
Deficit: N1.297trn (N4.3trn - N3.603trn)

This means the 2015 budget will be run on deficit of N1.297trn (as confirmed by the Senate).

Looking At Buhari's Proposal
With Buhari's proposed N1.89tr Social program, it invariably means an additional N1.89trn will be added to the projected deficit of N1.29 trn ie N3.187trn if he is to go ahead with paying of N5000 to 25 million unemployed annually, from where will he be able to make up the HUGE deficit?.

Analysing The Argument of The Pro-Buharis
Some Pro-Buharis claim that the project will be done in phase of 5m people per year. However, the problem of "How to identify these 5m beneficiaries" and what will be the for selection?
Anyway, that is for another day. Let's go by their argument...
Unemployment benefit: 5m * N5000 = N300 billion.

*The N300b is for the payment benefit alone*. Add that to logistics, overhead and operational cost that the program will incur (approx 50% ie N150billion) annually.

Total: N300b + N150b = N450b

Feeding for 40m Public School Children = N373 billion.

Subtotal: N823 billion.

Where Will Buhari Source For the estimated N823 billion?

- Remove Subsidy? Total package for petrol and kerosene subsidies plus SURE-P fund = N166.5b. That is clearly not up to 30%.

- Invest All Capital Expenditure + Subsidy? This will be a very silly move though. But adding Capital Expenditure and Subsidy will total N866.9 billion. Just a little above the projected N823billion.
Going this route means there will be no project for road, no infrastructure and other capital projects. In fact, it is synonymous to eating the present away.

- Will He Borrow? Borrowing to fund Social Welfare program is synonymous to eating away the future. That means indebting our future and a panacea to economic collapse likened to what happened to Greece if not worse. It also means increasing our already projected deficit of N1.29 trillion

What is the fate of this Social program? Feasible, Laudable or Laughable?

you are either a lazy nigerian banker or a pdp thief
how does opening account for 25million peopl cost approx 150b

that aside
you like all pdp folk are focusing on oyel money
we import 1trn in rice
600bn in wheat
about a 100bn in sugar
lets not talk of palm oil(plus value added,soap etc) malaysia have over 4million hectares,143 trees per hectare at 6000litres per hectare
do the math,i never talk solid minerals o

all apc need to do if they are serious is to mobilise unemployed youth,yes-o style into massive agric(hopefully mechanised) and presto they are earning their keep instead of just "eating" the commonwealth like unproductive civil servants

many ways to skin a cat
think outside the box man
think

fyi he doesn't have to do shitt if he does'nt think it's a priority

unlike

fixing nepa and encouraging foriegn investment(unfortunately) alone will solve a large portion of unemployment problem

atlwireles:
These are the reality Nigerians refuse to face. They rather believe Jonathan was hiding their money in his bank account. Maybe, when their messiah tells them, there is no money and Nigeria is a poor Church rat Nation, they will begin to apply their senses.

Till then is time to have some fun with the foools waiting for government to give them free money and feed their children.

you na Shun Sir bloody recruit,
once that attention seeker copy u, u just follow suit and type balderdash

PhockPhockMan:
Please, list the failed promises here.

1. Constitutional role for Traditional Rulers
2. On March 17th 2011, in Dutse the Jigawa state capital, he promised: "If I win the election, within my four years in office, I will establish domestic airports in all the states without airports.

3. He promised that projects such as the Mambilla hydro-electricity, Jada irrigation project and Kafin Zaki dam in Taraba, Adamawa and Bauchi would be pursued to boost agriculture and industrial development.

4. He promised that the NNPC, in partnership with the private sector, would establish a petrochemical plant in the Niger Delta.
5. He promised the implementation of the Petroleum Industry Bill.

6. In Benue he promised to revolutionise agriculture and establish industries in the country through a five-year plan.

7. He also promised to complete the irrigation project in Otukpo.

8. He promised to refocus on the solid mineral development of Plateau state and make it one of the key revenue sources in Nigeria. He also promised to build more dams and complete ongoing ones, so as to boost agricultural growth.

9. He promised to rehabilitate ALL ailing industries in Aba.

10. Promised to build a power station in Anambra state, and rehabilitate ALL federal roads leading to Anambra as well as the South East.
11. He pledged to provide potable water to the densely populated Onitsha and Nnewi cities and tackle erosion in the South-East.

12. In Ebonyi state he promised to establish a secretariat for ALL Federal government's agencies and parastatals in Ebonyi.

13. On March 2nd, in Ondo, he promised that roads and other basic infrastructure across the states will be developed in four years. He also promised the exploitation of the vast bitumen deposits in the state for national economic development and employment generation.

14. He promised to fight the menace of desertification in the country.
15. He promised to build more refineries
and many more . . .

Barcanista will not answer a simple question

When did Buhari propose 1.89 TRILLION FOR HIS SOCIAL PROGRAM?

PhockPhockMan:
But it's our responsibility to remind the politicians of their campaign promises and hold them responsible if they fail.
It amounts to disaster if you deceive electorates with impossible promises, this is one of them.


I pity BABA ONE CHANCE.

how many disaster pdp bring wey we no survive for over 50yrs(military rule included)
calm down
baba will deliver

atlwireles:
These are the reality Nigerians refuse to face. They rather believe Jonathan was hiding their money in his bank account. Maybe, when their messiah tells them, there is no money and Nigeria is a poor Church rat Nation, they will begin to apply their senses.

Till then is time to have some fun with the foools waiting for government to give them free money and feed their children.

All I'm seeing is broken promises.

Getting money to fund the project is actually possible (without borrowing). But I won't say how, you guys should continue your debate.

FemiFaniKayode:
you na Shun Sir bloody recruit,
once that attention seeker copy u, u just follow suit and type balderdash

Ask yourself between both of us, who is truly a bloody recruit. Be sincere to yourself, almajiris changing monikers like underwear.

barcanista:
PLEASE TAKE TIME TO READ

This thread is in response to the Thread by Obiagelli's https://www.nairaland.com/2265908/buharis-social-program-very-possible. In her bid to defend the Social policy of Mr Buhari, Obiagelli insulted the intelligence of Nigerians with respect to what is accrued to the Federal Government in revenue per fiscal year. Let us start by putting things in order...

Nigeria's Revenue:
Nigeria's revenue is accrued through oil export, non oil export, oil tax and non oil tax. The Federal Inland Revenue Service is statutory responsible for the collection of both oil profit tax and non oil tax. The money for oil export goes directly to the Federation Account via the NNPC. The money generated via non oil export goes directly to the federation account through relevant Agencies.

Oil Revenue:
The total sum realised through Oil export(after operational cost) and oil profit tax is known as "Oil Revenue"

Non Oil Revenue
While the sum realised through export of other commodities(after operational cost) and the money realised from non oil profit tax is called "Non Oil Revenue".

What Did Nigeria Earn Between January 2014 and January 2015?
Nigeria Total Earning:
Jan 2014 - June 2014 = N5.109trn

June 2014 - Jan 2015= N3.676trn

Total: N8.785trn

Total Oil Revenue (Oil Export Earning + Oil taxes)
= 70% of Total Revenue ie N6.15trn

*Total Non Oil Revenue (Non Oil Export + Non oil taxes)
= 30% of N8.785trn ie N2.635 trn

Jan 2014- June 2014 = N1.08trn*
July 2014 - Jan 2015= N1.556trn [N2.635trn]

Understanding FIRS 2014 Report:
FIRS announced that the sum of N4.69trn was generated in 2014. The report indicated that N2.45 trillion, representing 52.96 per cent, was collected from petroleum profit tax while N2.24 trillion, representing 47.04 per cent, was collected from non-oil taxes during the period.
Analysis
This sum(N4.69trn) is not independent of the published N8.785trn that Nigeria was said to earn between Jan 2014 and January 2014. It is a part and parcel of the total revenue.

How Much Did FG Get In 2014?
There is a consolidated Sharing formula between FG, States, LGs and Oil Producin States(13%) after operational and other associated cost has been deducted.
FG Earnings In 2014
1st Qtr: N912 billion
2nd Qtr: N864.2 billion
3rd Qtr: N924.68 billon
4th Qtr: N617.186 billion
Total 2014= N3.318trn

2014 Budget: N4.6trn
FG Projected Earning for 2014= N3.73tr
Real Earning = N3.318trn
Deficit in 2014 Fiscal Year: N1.282trn

What this means is that the money accrued to the FG was not even enough to fund 2014 budget. We had a deficit of N1.282trn.
Also note that the fall in oil price affected our earning.

Looking At 2015 Budget:
The 2015 budget(as adjusted) stand at N4.3trn.
Projected Revenue For 2015= N3.603trn
Deficit: N1.297trn (N4.3trn - N3.603trn)

This means the 2015 budget will be run on deficit of N1.297trn (as confirmed by the Senate).

Looking At Buhari's Proposal
With Buhari's proposed N1.89tr Social program, it invariably means an additional N1.89trn will be added to the projected deficit of N1.29 trn ie N3.187trn if he is to go ahead with paying of N5000 to 25 million unemployed annually, from where will he be able to make up the HUGE deficit?.

Analysing The Argument of The Pro-Buharis
Some Pro-Buharis claim that the project will be done in phase of 5m people per year. However, the problem of "How to identify these 5m beneficiaries" and what will be the for selection?
Anyway, that is for another day. Let's go by their argument...
Unemployment benefit: 5m * N5000 = N300 billion.

*The N300b is for the payment benefit alone*. Add that to logistics, overhead and operational cost that the program will incur (approx 50% ie N150billion) annually.

Total: N300b + N150b = N450b

Feeding for 40m Public School Children = N373 billion.

Subtotal: N823 billion.

Where Will Buhari Source For the estimated N823 billion?

- Remove Subsidy? Total package for petrol and kerosene subsidies plus SURE-P fund = N166.5b. That is clearly not up to 30%.

- Invest All Capital Expenditure + Subsidy? This will be a very silly move though. But adding Capital Expenditure and Subsidy will total N866.9 billion. Just a little above the projected N823billion.
Going this route means there will be no project for road, no infrastructure and other capital projects. In fact, it is synonymous to eating the present away.

- Will He Borrow? Borrowing to fund Social Welfare program is synonymous to eating away the future. That means indebting our future and a panacea to economic collapse likened to what happened to Greece if not worse. It also means increasing our already projected deficit of N1.29 trillion

What is the fate of this Social program? Feasible, Laudable or Laughable?

Have you heard that some south west states are about implementing Lagos overbearing tax laws ?

Nigeria about becoming Tinubu empire..