₦airaland Forum

APCLyingBastard:
Crude is projected to crash as low as $20.

How will they fund this deficit reckless budget?

meforyou1:
I foresee unbearable hunger and poverty in this country before the end of next year

akinsbaba2015:
[s]The government is borrowing to fund capital projects, that was well stated in the presentation by the President. In the same budget provision was made for debt servicing of previous debts before the take off of the current government. Government and public finance is not something you discuss loosely on social media. Let's listen to what all the certified financial experts, chartered and management accountants have to say in the coming days. PDP is just overreaching itself, they had the chance/opportunity to make a last impression with Nigerians but they blew it BIG TIME[/s].

thunderrider:
I'm tempted to agree with you, but a question which I will like you to answer is compared to US, how diversified is our economy not forgetting the fact the US is now the largest exporter of crude oil overtaking Russia and Saudi Arabia

Bkdson2121:
Time will definitely tell where we are heading to as a nation n we will all reap the dividends as a people(nigerians).




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koxyz:
some people read without comprehending,the borrowing is meant for capital projects.

APCLyingBastard:
Crude is projected to crash as low as $20.

How will they fund this deficit reckless budget?

gretblue:
If your Hero and PDP had managed our resources prudently when the price of crude oil got to the peak at the international market $120 per barrel during his regime perhaps one will not be bothered how to manage the budget deficit when the crude is going for $30 per barrel now. Children of hate.

ZUBY77:
Lol.

That's where you don't get it..

Alright, you came to my house to borrow 10k for your school fees.
Inside your wallet, i saw 10k.
And i asked, why asking me for money when you have money?

Your answer - "I want to use the one i have to buy foods for the beggars"

Do you get my point now. You have the right to give food to beggars with your money but what is the need to do that when the beggar is not crippled or blind? At the same time piling up debts for yourself?

Nigerian youths can create jobs for themselves.
Most are just lazy.
They have oil companies and banks in mind while studying in the university, even those who knew they will come out with second class lower.

onatisi:
buhari is planning on printing more naira notes . Just wait and see . This has been canvassed by tinubu and co for long. When I tell people that buhari doesn't know who he is or where he is ,people think I am joking or that we just hate the grandpa,he has been turned into a human robot and he is just rubber stamping everything tabled before him. This is a budget full of potential loopholes for money siphoning and corruption. Well to all apc ,time for Chop chop don come ,and to the ordinary Nigerian masses I say ........,this is just the beginning

onatisi:
buhari is planning on printing more naira notes . Just wait and see . This has been canvassed by tinubu and co for long. When I tell people that buhari doesn't know who he is or where he is ,people think I am joking or that we just hate the grandpa,he has been turned into a human robot and he is just rubber stamping everything tabled before him. This is a budget full of potential loopholes for money siphoning and corruption. Well to all apc ,time for Chop chop don come ,and to the ordinary Nigerian masses I say ........,this is just the beginning

akanbiaa:
You better keep quite and stop calling the Greatest Nigerian Youths lazy after PDP have given you job that you dont do anything and also go around collecting contracts for doing little or nothing, you think we dont know you. Very soon you will beg the lazy youths you insulted when your water runs dry. Mr Unlazy how have you added value to your immediate community aside partying and inflating contracts?

onatisi:
it is totally pointless and useless pointing out the dangers of the excessive FG proposed borrowings. The only option left is to make Nigerians suffer the consequences. Even obj will be shaking his head in disbelief that the man he supported is taking Nigeria backwards. Truly Nigeria have a dullard in power

APCLyingBastard:
Crude is projected to crash as low as $20.

How will they fund this deficit reckless budget?

ZUBY77:
Sorry.
I thought I was discussing with a human being.

APCLyingBastard:
Because you have no answers.

How will you fund a 7 trillion naira budget when your main earnings is down.

TeOwl:
PDP has not commented on the looting that was going on when they were in power.

ehissi:
I doubt that greatly; but if he is foolish enough to try it, then he should be held soley responsible for the downward trend of the Naira!!

Honestly what type of budget is this!!?? At a time when our main income source, oil is shaking, Buhari increases capital expenditure from #557billion to #1.8Trillion!! What type of madness is this??

Ok; agriculturaal sector that was stepping up to the challenge and gradually meeting local demand in certain sectors of food in our economy nko? The Baba dropped rice off the import ban list!!

Have you any idea what that alone means!!?? I don't know about Kano or Rivers or Abuja but the daily demand for rice in the city of Lagos alone is 800,000 bags - and this is at 2004 - and under the past minister of agriculture who happens to the the current MD of AfDB!! We were meeting that demand considerably well only for baba to scatter that one!!

This is minus the demand for rice in the rest of the 35 states of this country; who the bloody hell is advising this our New Mr President sef!!??

They just want to rofo rofo money; because APC are looking for cash to grease ankles! It would have been better if the excess on top the #557billion was used to do bailout in states where salaries are owed and at least reduce the pressure on workers there than the nonsense he is doing right now; at least that will lighten the tension this Christmas on the Macro/micro-economic space within the states!!

I don't even have current international passport now not to talk of dual-citizenship so!! This wan whey this our baba dey sign anything and everything any tom, dick and adamu dey put for E table!!

I tire Oooh!!

meforyou1:
I foresee unbearable hunger and poverty in this country before the end of next year

ionsman:
Let's wait for what the main opposition party in Nigeria in Nigeria(K.O.W.A) has to say...

P.S: If your temper is flared,kill yourself!

NgeneUkwenu:
No! It's your Biafra that is Doomed! Nye m efe nwokem!

fineguy11:
ignorant is bliss for u and your ilks.the US debt to GDP ratio is 96%,ours is less than 15%i.e simply put,THE COUNTRY WITH THE LARGEST ECONOMY is runned by DEBT. in 2008 millions of americans lost their jobs to the economic crises,what strategy did the US govt used in stimulating the economy?simply put,BAIL OUTS.,which was sourced tru incuring more debts.America today has an external debt of more than 16 trillion dollars which they have used to maintain their their economy since time memorial.summary;when your economy is down,the only medium u can use to stimulate it,is INCREASED SPENDING.if u cant source for fund within your revenue limits,u borrow...please dont comment on threads u knw nothing about because it wld amount to DEFICIT THINKING ON YOUR PART,and potray you as having an IQ tantamount to that of a MILLIPIDE.

APCLyingBastard:
Because you have no answers.

How will you fund a 7 trillion naira budget when your main earnings is down.

Kagarko:
Funding the budget is not exclussive of oil revenue.
Pls where do you keep IGR frm customs, banks, CAC, etc



Pls get sense as this gov‘t will
God‘s willing succeed with or without oil money.
As its not business as usual.


New sherrif in town.

hinwazaka:
The president should stop fooling Nigerians and start operating on his level: Stomach infrastructure. Is it not the same Saraki and Dogara house, who he read the budget to, that he has allegedly moved a proposal to pay the marketers: but yet we are still at the queues. Is it not the same government that has said Fuel will be sold at the pump price: but yet the least we are paying is 110 naira. The president is a fraud and his party is full of ediots and vagabond liars. #Rubbish