Sibrah:
What happens when recurrent based schemes negate the industrial based schemes?
The fact that you have some good plans does not justify some bad plans.

barcanista:

Please note the emboldened... Rather than spend over N3.4 billion annually to "feed" children while their parents are owed salaries, the government can do the emboldened with 80% of the money. It will not only create lots of jobs, but will attract support firms and increase state revenue. It will invariably support the growth of industrialisation of Osun state and if well managed, it could serve as source for export too. These are what States should be doing to make real money.

Truckpusher:
APC making series of 'I will fail' comments to have ready excuses to justify their imminent failure.




A barren woman will always blame a late marriage for her childlessness.

OREMUSSANCTUS:
Even china america dhe owe debts
So nufin so special abt dis news
Money was used for developmental projects
Only dat u all fail to accept dat he worked very hard for dis country

Say no to "change"
Say yes to transformation

Truckpusher:
APC making series of 'I will fail' comments to have ready excuses to justify their imminent failure.




A barren woman will always blame a late marriage for her childlessness.

babadee1:


You dare to blame the APC for this Was it APC that created Nigeria's current debt profile or PDP? Hypocritical empty head.

OREMUSSANCTUS:
Even china america dhe owe debts
So nufin so special abt dis news
Money was used for developmental projects
Only dat u all fail to accept dat he worked very hard for dis country

Say no to "change"
Say yes to transformation

PassingShot:


Well, it will be unfair to say one recurrent based scheme (a social program in this case) negates some industrial projects.

It is also wrong to suggest that the "feeding project" is a bad program. We surely would not have been talking about this feeding program if there was no significant reduction in the state's allocation as the program was praised by most (if not all) in the beginning.


Osun spends N3 billion annually and not N3.4 as you stated.

As tempting as it is to wholly support canceling the program, we have to consider the other economic impact of such step. We have to think of many jobs that were created through this program especially in the agric and food sectors.

"On a weekly basis, pupils are fed with 15,000 chicken, 8,500 crates of eggs, 35 heads of cattle. “Chicken and cattle are provided by our farmers through co-operative loans from the government".

Finally @ both, it is wrong to think and suggest that the poor of our society should not be considered for some social programs as this one. Go to many developed and developing nations and you will discover that they have similar programs for their poor. The suggestion that Aregbe does not want to offend the "mekunus" is the reason he continues with the program is at best a lack of empathy for the poor. Even if your claim is correct, don't the poor deserve to be supported? All responsible countries of the world do it and it shouldn't be seen as a weird thing in ours.

barcanista:
I have not been comfortable on reading that the FG borrowed money to pay wages and salaries of workers. This is sad and a shame. Saner countries borrow to fund developmental project, ours is to consume and loot. One of our challenges in this country has been fiscal indiscipline, and it is appearing like we aren't getting better. Jonathan administration with due respect has done little or nothing to better the situation, and the APC program is more of consumption than long term development. Truth must be said, we are in a dire situation. The incoming administration have lots of work to do.

Truckpusher:
APC making series of 'I will fail' comments to have ready excuses to justify their imminent failure.




A barren woman will always blame a late marriage for her childlessness.

ayusco85:


Now this is how to make an objective comment to issues that concerns us both. We are all nigerians, we must join hands to salvage the country, irrespective of our political or religious or ideological differences. Pls don't be blinded by hate because u are in the opposition. Thanks

barcanista:
The emboldened supply is restricted to the State Government. Can you compare the number of beneficiaries of the Agricultural product to Osun State and the number of people that will be employed both direct and indirect as a result of tha Omuolabi Garment factory? In fact, a percentage of the revenue from the factory can be used to fund this social project or provide basic amenities like waters and even intervention projects. The reddened is a typical example of consuming fiscal policy which has always been our bane. Social Policies are secondary. It could be taken care of when more people are productive and less people are dependable on government peanut.

barcanista:
I can't hate anybody...Sometimes I may flop tho

barcanista:
I always insist in patriotism above partisanship. Nobody should be comfortable when his country borrows to pay Salaries like what we are experiencing. The APC as the ruling party-elect is yet to tell us of any developmental programs that will cause for more work and less for reliance on government stipends. VP-elect Osinbanjo once said that the APC administration will reverse the propose increase in tarrif for imported vehicles. A reversal of that program will only promote reliance on import which isn't economic friendly. No country that rely on import can progress.

The APC also talked about packages for unemployed, nysc members (after one year completion of service), elderly, disabled etc... All these are consumable programs that can never be sustainable and will only plunge us into more borrowings to fund the program (for how long?)

The APC is yet to take a public position on the whether or not subsidy should be retained(though their antecedent is pro-subsidy). If subsidy should be removed, when should that be and what do they plan to put as paliative before removal? If retained, how do they hope to fund it considering the ever increasing bill of the cabals?

Should we continue to rely on oil and borrowing or what other plans do they have to raise funds? The APC Govs apart from taxation, what other means do they generate funds? They all went to Abuja to meet the President-elect, is that not an indictment on their part when they should be with their team brainstorming? Their posture shows that they plan to shift more burden on the incoming FG, how is that different from what is presently obtainable? Such mentality only shows a continuation of the status quo. Which I believe shouldn't be our lot.

PassingShot:


Well, it will be unfair to say one recurrent based scheme (a social program in this case) negates some industrial projects.

It is also wrong to suggest that the "feeding project" is a bad program. We surely would not have been talking about this feeding program if there was no significant reduction in the state's allocation as the program was praised by most (if not all) in the beginning.


Osun spends N3 billion annually and not N3.4 as you stated.

As tempting as it is to wholly support canceling the program, we have to consider the other economic impact of such step. We have to think of many jobs that were created through this program especially in the agric and food sectors.

"On a weekly basis, pupils are fed with 15,000 chicken, 8,500 crates of eggs, 35 heads of cattle. “Chicken and cattle are provided by our farmers through co-operative loans from the government".

Finally @ both, it is wrong to think and suggest that the poor of our society should not be considered for some social programs as this one. Go to many developed and developing nations and you will discover that they have similar programs for their poor. The suggestion that Aregbe does not want to offend the "mekunus" is the reason he continues with the program is at best a lack of empathy for the poor. Even if your claim is correct, don't the poor deserve to be supported? All responsible countries of the world do it and it shouldn't be seen as a weird thing in ours.

barcanista:
I have not been comfortable on reading that the FG borrowed money to pay wages and salaries of workers. This is sad and a shame. Saner countries borrow to fund developmental project, ours is to consume and loot. One of our challenges in this country has been fiscal indiscipline, and it is appearing like we aren't getting better. Jonathan administration with due respect has done little or nothing to better the situation, and the APC program is more of consumption than long term development. Truth must be said, we are in a dire situation. The incoming administration have lots of work to do.

barcanista:
I always insist in patriotism above partisanship. Nobody should be comfortable when his country borrows to pay Salaries like what we are experiencing. The APC as the ruling party-elect is yet to tell us of any developmental programs that will cause for more work and less for reliance on government stipends. VP-elect Osinbanjo once said that the APC administration will reverse the propose increase in tarrif for imported vehicles. A reversal of that program will only promote reliance on import which isn't economic friendly. No country that rely on import can progress.

The APC also talked about packages for unemployed, nysc members (after one year completion of service), elderly, disabled etc... All these are consumable programs that can never be sustainable and will only plunge us into more borrowings to fund the program (for how long?)

The APC is yet to take a public position on the whether or not subsidy should be retained(though their antecedent is pro-subsidy). If subsidy should be removed, when should that be and what do they plan to put as paliative before removal? If retained, how do they hope to fund it considering the ever increasing bill of the cabals?

Should we continue to rely on oil and borrowing or what other plans do they have to raise funds? The APC Govs apart from taxation, what other means do they generate funds? They all went to Abuja to meet the President-elect, is that not an indictment on their part when they should be with their team brainstorming? Their posture shows that they plan to shift more burden on the incoming FG, how is that different from what is presently obtainable? Such mentality only shows a continuation of the status quo. Which I believe shouldn't be our lot.

Sibrah:
It may interest you to note that at a point in time Osun was paying allowances to the underemployed too. The guy started out with many of such schemes. If he had invested same in let's say a corn flakes/custard(pap) factory that utilizes excess corn within Osun and Nigeria and it was started back then by now most of the people who are being mercy-fed or mercy-paid will be vibrant workers who will be contributing tax, forex and developement in the society now. I am sure lots of staffs employed will be able to fed a wife and two kids comfortably and the tax they pay can help subsidize their education further. These people aregbe is feeding now didn't crawl to collect their first O'meal.

jstriker442:
Change has come nw

Sweetguy25:
Nothing to fear. Government being short of funds doesn't mean that the economy is in a terrible shape.

barcanista:
It is one thing to criticise, it is another thing to show leadership. Many people criticise, including those in government at lower level. For instance, Osun is in huge financial crises, yet rather than stop the policy of feeding of school kids, they maintain it just to prove a point. That is an example of bad fiscal policy. It is no crime to take to austerity when things aren't going well.

PassingShot:


Well, it will be unfair to say one recurrent based scheme (a social program in this case) negates some industrial projects.

It is also wrong to suggest that the "feeding project" is a bad program. We surely would not have been talking about this feeding program if there was no significant reduction in the state's allocation as the program was praised by most (if not all) in the beginning.


Osun spends N3 billion annually and not N3.4 as you stated.

As tempting as it is to wholly support canceling the program, we have to consider the other economic impact of such step. We have to think of many jobs that were created through this program especially in the agric and food sectors.

"On a weekly basis, pupils are fed with 15,000 chicken, 8,500 crates of eggs, 35 heads of cattle. “Chicken and cattle are provided by our farmers through co-operative loans from the government".

Finally @ both, it is wrong to think and suggest that the poor of our society should not be considered for some social programs as this one. Go to many developed and developing nations and you will discover that they have similar programs for their poor. The suggestion that Aregbe does not want to offend the "mekunus" is the reason he continues with the program is at best a lack of empathy for the poor. Even if your claim is correct, don't the poor deserve to be supported? All responsible countries of the world do it and it shouldn't be seen as a weird thing in ours.

barcanista:
The emboldened supply is restricted to the State Government. Can you compare the number of beneficiaries of the Agricultural product to Osun State and the number of people that will be employed both direct and indirect as a result of tha Omuolabi Garment factory? In fact, a percentage of the revenue from the factory can be used to fund this social project or provide basic amenities like waters and even intervention projects. The reddened is a typical example of consuming fiscal policy which has always been our bane. Social Policies are secondary. It could be taken care of when more people are productive and less people are dependable on government peanut.

PassingShot:


I agree with you.

However, all those programs are now bad only because he has not been able to pay salaries which was a result of unexpected significant reduction in the state's allocation.

9ousky:
U started with a Gud a post only to later show ur thru intention... The present administration put us all in this mess but all u can conclude on is APC and its Governors.

FG, States, LGs Share N568.4 Billion for Oct
15 NOVEMBER 2013

Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that [size=14pt]the states had requested for $2bn[/size] to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

ShaddyTerese:
That's the more reason why GMB must leave no stone unturned in recovering stolen funds. #No mercy#

Reference:


Government is never the problem. It is always the people. They ultimately decide what is acceptable and their decisions or indecisions will steer the ship of state. Whether fuel subsidy, economic diversification, excess crude/sovereign wealth or even socio-political issues such as constitutional review, Nigerians are largely irrational and are failing themselves.

Of course the new government will borrow. Of course it will rather 'allocate from the centre', of course it will have its own cartels, rent seekers and thieves. These are things government, any government cannot do without. It is onjy the people that can bring about fundamental change on the altar of personal interests in favour of collective, lasting ideals. It is only the people who can agree to liquidate a bankrupt Osun, Imo or Zamfara. It is only the people who will decide if Holy Pilgrimages are an investment or an expense.

I wish to warn again about the waste of time and distraction from the 'fundamentals' this anti-corruption ideology is become. I wouldn't go as far as saying that the drum beats of corruption around the outgoing regime coincided with the moves first to reform the oil sector, then reform the country as a whole through 'the Confab'. The truth is I would rather invest in a company with strong fundamentals rather than one that strives not to lose a penny. I am rather worried about how many bridges Julius Berger is building than what the CEO earns or what his CFO steals. Even if every penny this country earns is kept, will it develop this country, no. Can it match our population, no. Will it make us rich, no. Will it build all the infrastructure, no. Especially when oil prices fall. We are a strategically vulnerable country not because of corruption but because Nigerians are not willing to take the risk of communal trust and bear the sacrifices of nationhood.

Watch out. We will gain a few dollars here and there as people steal less but the great cover-up, the great deception will remain for another many years. When OBJ said the elections saved us from the brink, I just smiled. Yes, of course. The brink of the truth.

coputa:
The economy will soon bleed to death from the monumental waste that is perpetrated by okonjo wahala.What of the excess crude accout and the sovereign wealth fund,have they been depleted,this woman has succeded in deceiving Nigerians.

IyaIode:

You get sense wella.

GenBuhari:
When you realise that in real terms trillions of dollars has been stolen or squandered from Nigeria since America assassinated General Abacha in 1998.

Is it not America that is the main beneficiary of this money?

Now you can understand that America will be behind anything that happens to prevent Buhari fulfilling his mandate.

barcanista:
I always insist in patriotism above partisanship. Nobody should be comfortable when his country borrows to pay Salaries like what we are experiencing. The APC as the ruling party-elect is yet to tell us of any developmental programs that will cause for more work and less for reliance on government stipends. VP-elect Osinbanjo once said that the APC administration will reverse the propose increase in tarrif for imported vehicles. A reversal of that program will only promote reliance on import which isn't economic friendly. No country that rely on import can progress.

The APC also talked about packages for unemployed, nysc members (after one year completion of service), elderly, disabled etc... All these are consumable programs that can never be sustainable and will only plunge us into more borrowings to fund the program (for how long?)

The APC is yet to take a public position on the whether or not subsidy should be retained(though their antecedent is pro-subsidy). If subsidy should be removed, when should that be and what do they plan to put as paliative before removal? If retained, how do they hope to fund it considering the ever increasing bill of the cabals?

Should we continue to rely on oil and borrowing or what other plans do they have to raise funds? The APC Govs apart from taxation, what other means do they generate funds? They all went to Abuja to meet the President-elect, is that not an indictment on their part when they should be with their team brainstorming? Their posture shows that they plan to shift more burden on the incoming FG, how is that different from what is presently obtainable? Such mentality only shows a continuation of the status quo. Which I believe shouldn't be our lot.