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2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus - Politics - Nairaland

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2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by Freegift75: 9:05pm On Dec 08, 2015
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I thought they said 2016 budget will reflect a diversified Nigerian economy?

There is nothing original in this government and its budget – it’s same old thing; more wrong this time as nothing has changed for the better.

This style of budgeting is like doing wuru wuru to the
answer. Where is planning in all of these? We have moved from 3 years forward budgeting to a purposeless budget.

Take N1.5tr payout away from N6tn, you’d be left with N4.5tr. Take N1.8tn CAPEX away from this, we are left with N2.7tr. Take fuel subsidy (N1tr) and politicians’ salaries (N1tr) from this, we are left with N700b, which will not be sufficient for the war against terror. This means states will continue to struggle to pay salaries while FG is giving out sickening cash to 25% of Nigeria’s unemployed youth.

By the way, the cost of administering same is not included yet (bank fees etc).

Now here are the real question, where is the funding for health, policing, education and research, science and technology, divestment, power, job creation, prisons, foreign missions….

Nigerians are to expect to buy fuel at N40 Naira per litter this year. Will this happen? How much of infrastructure (for which we lack planning anyway) is N1.8tr going to do?

If this government could stop its inaccuracies and lies, Nigerians will be better for it. As things stand, we are nowhere near reality.
Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by moyinoluwabun(m): 9:12pm On Dec 08, 2015
Dem say make una give Sai baba time. He'll deliver his promised magical change.
Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by Kyase(m): 9:13pm On Dec 08, 2015
Mumuness is good oooo
I don't expect anything positive from you, so let me pass. cool

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Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by Ecoplexus: 9:21pm On Dec 08, 2015
1.8 trillion (30%) for capital expenditure is too damn poor and needs to be augmented if the present government wants to make reasonable infrastructural development.
Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by grafikii: 9:30pm On Dec 08, 2015
Ecoplexus:
1.8 trillion (30%) for capital expenditure is too damn poor and needs to be augmented if the present government wants to make reasonable infrastructural development.
you are right but labour won't allow government purge the civil service

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Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by Iroh88(m): 9:30pm On Dec 08, 2015
Okay. We have heard you. It lacks focus. In fact, there is no budget for 2016.

Happy??

By the way, aren't you an IPOD Youth?? What concerns you with the Zoo budget?? cheesy

#WailerMustWail.
Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by Nobody: 9:43pm On Dec 08, 2015
@op what was the crude oil benchmark in the last budget,what was the amount mapped out 4 capital expenditure in the last budget?yet u see no difference or do u think that PMB we just wake up and use his pen and change the figures.its a gradual purpose and u guys should learn how to analyse issues properly rather than jumping into the bandwagon that u dnt know where it will take you to.
Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by kennydee05(m): 9:44pm On Dec 08, 2015
You can as well diversify it for them.
Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by fistonati(m): 10:41pm On Dec 08, 2015
How much is d benchmark of petrol per barrel in dt budget. The thieves won't tell us
Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by QuotaSystem: 10:44pm On Dec 08, 2015
Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by QuotaSystem: 10:44pm On Dec 08, 2015
Most diversification efforts are in the form of foreign direct investments/PPP such as the recent mining agreements for solid mineral development, and not funded from the Federal budget.

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Re: 2016 BUDGET: Diversification Plan Not Reflected, Lacks Focus by QuotaSystem: 10:44pm On Dec 08, 2015

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