NgeneUkwenu:

Defending the indefensible.. pathetic wailer!

mykl01:


Sometimes you wonder if these people have any other life asides NL.
Secondary School finishers just typing anything that comes to their brain
Leaders of tomorrow? God please delay their tomorrow; till they grow a brain.

Demdem:
Only cursed bastards whose seeds will know no peace will come back to tell me that the decision to chase out the world acclaimed I-Buffoon was a mistake. If after several years of obvious plenty this fool of a president and his so called economic team can start borrowing to pay salaries then its obvious to all sane minds that this team was just empty upstairs. even with much more serious challenges now coupled with lower oil price, buhari isnt borrowing to pay salaries yet bastard will claim they are yet to see any change. kiss my arse murrafuckers

koboko69:
Lalasticlala mynd44 pick up the call and let Nairalanders and Nigerians see the economic team Jonathanians want us to invite to save the economy

QUICK POLL

In this economic situation who will manage the Economy better

Like for Adeosun the MANAGER and share for Okonjor the BORROWER

Uten9z:


hmmmm trying to justify borrowing to fund the whole budget b4 baba signs, wish u luck with that

koboko69:

There is nothing new abiut that or nothing to justify. Every one knows this will happen and the government have justified on its own. I don't need to put up any defence on that

Uten9z:


but is new thing that Ngozi most borrow to pay Salaries? No wonder she was sized to work for a foreign government

koboko69:


Is this thread about borrowing to fund budget or borrowing to pay salaries. What exactly ia ur point?

Plz stop quoting me

tuniski:
Front loading is proactive finance. Little wonder FG paid salaries and overheads as at when due even contractors were better off then.
Today, construction section is dead while manufacturing is limping. Yet salaries are continually being delayed with no single culvert constructed. What an achievement by #teamBuhari. The budget passing excuse is about to be exposed.
Can't wait to see the imaginary 3trillion TSA money injected into the economy! Yeye govt of propaganda while hardship worsens!

tuniski:
Front loading is proactive finance. Little wonder FG paid salaries and overheads as at when due even contractors were better off then.
Today, construction section is dead while manufacturing is limping. Yet salaries are continually being delayed with no single culvert constructed. What an achievement by #teamBuhari. The budget passing excuse is about to be exposed.
Can't wait to see the imaginary 3trillion TSA money injected into the economy! Yeye govt of propaganda while hardship worsens!

Atlantian:


Go Bleep yourself my good friend, I have no tolerance for selective intentional ignorance.

koboko69:
[size=14pt]Nigerian govt borrowing billions to pay salaries – Okonjo-Iweala [/size](Premium Times)


http://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html


[size=14pt]Nigeria borrows to pay salaries with cash crunch worsening.[/size] (Vanguard)



Read more at: http://www.vanguardngr.com/2015/05/nigeria-borrows-to-pay-salaries-with-cash-crunch-worsening/


Dear Nairalanders,

This is the economic team that Jonathanians wish was still in power or want us to bring back to save Nigeria.

I pulled out this from 2 different sources as Nairaland political gladiators see Premium Times as APC sympathetic while Vanguard as PDP sympathetic. There shouldn't be any issue of biased reporting

Essense of this flash back;

There have been several attacks of the person of President Buhari and his Econmic team with Honourable Kemi Adeosun as the minister of finance and coordinating minster of the economy.

Oil price per barrel between Febuary and April 2015 hoovered between 54 to 57 dollars per barrel.

It is interesting to know that at this price, Jonathan and the mother of our economy were already borrowing to pay salaries and meet up obligations to contractors.

What would have been happening when oil went as low as 28 USD per barrel. Would Nigeria have been sold?

Naira was devalued to 197naira per dollar yet in didn't solve any problem as Nigeria still had to keep borrowing.
Will devaluing Niara solve anything now?

Fellow Nigerians,

Despite the lowest oil price rate of all times, President Buhari and Mrs Kemi Adeosun have never borrowed to pay salaries rather they have dished out bail out funds to states to pay salaries.

Despite the low oil prices, President Buhari was able defeat BokoHaram Technically. Please Note that alot of money is also being spent on this war, something the past government was struggling to achieve despite the huge resources allegedly spent on the war.

The present Economic situation have been expected even before this adminstration as evident in the several warnings issued by the past minister of Finance.
You can read her comments here even when oil was 74USD per barrel in case u missed the thread.
https://www.nairaland.com/2898459/what-okonjo-iweala-said-when-oil

In summary;

Buhari inherited a very big problem and have so far so good tried is best to navigate the ship Nigeria safefly.

I urge Jonathanians to take a chill pill, and give this adminstration some time as its first ever budget have just been passed.

God bless the Federal Repubic of Nigera

God bless Mr President

God bless the Honorable Minister of Finance

1 millions likes for President Buhari and Mrs Kemi Adeosun

DropShot:

Dear Mynd44 Lalasticlala Seun, may I kindly and humbly request this thread to be taken to fp once more.

I was going to do a similar thread to remind us of the type of economy inherited by PMB as a counter to the thread on recession currently at the fp when I realized we have this beautiful thread here.

Please send this as a counter please. Thanks.