With the fall in price of crude oil to below forty dollars per barrel which has threatened Nigeria’s main source of revenue, Government in the 36 States would have been in serious trouble if not for the financial prudence of President Muhammadu Buhari, Borno State Governor, Kashim Shettima explained before his colleagues in Kano.

Spokesman, Isa Gusau said in a statement issued from Kano that Shettima spoke at a wedding reception attended by Governors of Kano, Kebbi, Niger, Imo, Katsina and Gombe States at the Government House in Kano, soon after the Governor of Jigawa State, Alhaji Muhammad Badaru Abubakar gave out his daughter, Amina in marriage to Lawan Dahiru Mangal at a fatiha held at Umar bn Khattab Mosque in Kano.

“When the price of crude oil was over one hundred dollars per barrel, Borno State was receiving around N4.5 billion per month. Today, oil price has grossly fallen down to less than forty dollars per barrel which represents about 80 percent fall in price. Oil is our main source of revenue as a country, so ordinarily, State like Borno should have received 20 percent of what we were receiving when oil was over 100 dollars. This month, we received N2.6 billion at time oil is below 40 dollars and this is more than 50 percent of what we were receiving at a time oil was over 100 dollars.

Our salary wage is N2.6 billion but we still have to be grateful to President Buhari because wallahi if not for his financial discipline, all of us here would be in soup by now. I am not here to play politics, I respect the fact that we are a mixture of people with different political affiliations. Our brother, the Governor of Gombe State is in PDP so I am not playing politics but we have a responsibility to explain situations to the public so that they understand the economic times we are in at the moment and Buhari has made things tolerable in the face of the bad situation” the Governor said amidst ovation at the gathering.

Isa Gusau
Special Adviser on Communication and Strategy

http://www.viviangist.com/how-buharis-financial-discipline-save-states-amidst-fall-in-oil-price-shettima

Cc; lalasticlala

All these APC propaganda of Roads, Light, Saving flying everywhere. The administration had better start doing things that people can fell value. Because everyone is blasting PDP, APC thinks we are fully supporting them. You are not fooling anyone with all these pics and lie lie updates. KOWA is coming up.

Absolutely true talk there. If not for Buhari Financial prudence Iweala, Emefiele and co were already suggesting NNPC be sold and VAT be raised to 12%. Jonathan already stopped amnesty and was warning us of the tougher times ahead.
The picture becomes clearer when you realise that each barrel of oil cost a flat fee to explore and/ or produce whether at $108pb+ or at -$40pb. Putting that flat fee at a conservative value of $20pb makes the difference wider and clearer.

DailyPost:

“When the price of crude oil was over one hundred dollars per barrel, Borno State was receiving around N4.5 billion per month. Today, oil price has grossly fallen down to less than forty dollars per barrel which represents about 80 percent fall in price. Oil is our main source of revenue as a country, so ordinarily, State like Borno should have received 20 percent of what we were receiving when oil was over 100 dollars. This month, we received N2.6 billion at time oil is below 40 dollars and this is more than 50 percent of what we were receiving at a time oil was over 100 dollars.
Our salary wage is N2.6 billion but we still have to be grateful to President Buhari because wallahi if not for his financial discipline, all of us here would be in soup by now. I am not here to play politics, I respect the fact that we are a mixture of people with different political affiliations. Our brother, the Governor of Gombe State is in PDP so I am not playing politics but we have a responsibility to explain situations to the public so that they understand the economic times we are in at the moment and Buhari has made things tolerable in the face of the bad situation” the Governor said amidst ovation at the gathering.
Isa Gusau
Special Adviser on Communication and Strategy
http://www.viviangist.com/how-buharis-financial-discipline-save-states-amidst-fall-in-oil-price-shettima
Cc; lalasticlala

enlightenedmind:
All these APC propaganda of Roads, Light, Saving flying everywhere. The administration had better start doing things that people can fell value. Because everyone is blasting PDP, APC thinks we are fully supporting them. You are not fooling anyone with all these pics and lie lie updates. KOWA is coming up.

Relate you vile ranting to the topic or get out of here.
The Borno governor made his point crystal clear.

ok

Even in the face of falling oil prices there is cause to celebrate the decision to vote for a sincere, humane, kind, disciplined and prudent man.

I am forever happy with my one vote for change.

There is still a lot to be done (and we must be on the look out for corruption fighting back) but our progress is sure.

Standing5:
Relate you vile ranting to the topic or get out of here.
The Borno governor made his point crystal clear.

They will not count that as facts and achievement. They are looking forward to seeing sky scrappers and new York in nigeria.