₦airaland Forum

"Nemo dat quod non habet." So I am not disappointed.

Spylord48:
At least the budget was presented on time this time around.
Let hope there won't be padding both from National assembly and the executive side.
That the legislature will look into the budget and approve it fast.
That money won't be budgeted for forks,knives, spoons,photocopying machine and other frivolities.
That the whole bunk of the money will be for infrastructures upgrade.
And finally, That this project budget will finally turn around the economy and put more smiles on the masses and prove That after all Apc have something to offer even against all odds.
We can't be budgeting trillions of naira year in year out. There need to be a change and I believe the change will come with this budget.

Presenting budget proposal is different from signing it into law and finally implementing it.. National Assembly will still go through it, pad amend it, before passing it into law for Buhari to sign it. The process will still entertaining the 2nd quarter of 2018

NwaIgboBoy:
Radio nigeria uplifting the north and uniting curuption........I HATE NIGERIA!!!

You are engulfed in hate, not good for you!!!

same thoughts here. servicing debt for 2trillon is a no no

Celcius:
Hmmmm.... we borrowing 2 trillion and still paying 2 trillion for debt servicing, which is just about the amount for Capital expenditure.
What a circle.

Rushing to present the budget without knowing what it is talking about ...
.To PMB....I have done my own work as za ceremonial Frezident,....
you guys should do the rest as I search the world map for my next trip with Aisha

Buhari/jubrin presented 200 and 18 budget.

chloride6:
Did I just see 4 trillion non oil revenue?



I will shave my beards and glue them to my balls if they make 2.5 trillion non oil revenue.

Customs Will Make 1.3 trillion last last. FIRS can not make more than 600 billion non oil revenue. NPA will make maybe 350 billion.

What has changed significantly in the non-oil sector?
What have we exchanged in the last fiscal year that submerged oil revenues?
Are we now dependent on internal revenues and taxes for sustainability, development and growth?
Has recurrent expenditure reduced? If so where, how and when?
Is that it?
Take it or leave it, this budget is planned simply with the new hope of rising crude oil values, if not 45% of it will not be implemented.
So much for a deceptive government.
NIGERIA really has got it so bad this time around.

deflover:
Why do they keep fooling themselves that non oil revenue is bigger than oil revenue
Nigeria is dependent on oil revenue abeg

They want the gullible ones to believe that Buhari' s govt have been able to diversify d economy without doing nothing. All of us know say na wash. Our budget will be financed by oil money because we are still very much dependent on it.

jadyclem:
They want the gullible ones to believe that Buhari' s govt have been able to diversify d economy without doing nothing. All of us know say na wash. Our budget will be financed by oil money because we are still very much dependent on it.

Yet dey wasted $3billion looking for palm oil in kano
Clowns

temblor1:
What has changed significantly in the non-oil sector?
What have we exchanged in the last fiscal year that submerged oil revenues?
Are we now dependent on internal revenues and taxes for sustainability and growth?
Has recurrent expenture reduced? If so where, how and when?
Is that it?
Take it or leave it, this budget is planned simply with the new hope of rising crude oil values, if not 45% of it will not be implemented.
So much for a deceptive government.
NIGERIA really has got it so bad this time around.

Well said bro. It's only those that can't think that this Apc govt can deceive easily. Na oil moni go still finance d budget.

If You Dont Understand What Those Guys Above Are Talking About, Click Like.

Best budget proposal ever in the history of this country

Celcius:
Truth be told, this time they have done well on Capital expenditure. Better than previous administrations. This could also be an indictment on this government. In 2015 GEJ presented about N700bn on Capital and we saw a little infrastructure, even Fashola had to say he worked more roads and even rails than any previous president. With about 2trillion we need to see more.

What was the exchange rate then

I know some people are already calculating how much they can embezzle from that money which is very sad because that money is just 25 billion US dollars, but Jeff Bezos is worth 94 billion US dollars.

Biko who will provide all these monies

Study it properly, deficit means the excess of expenditure over revenue, it is not that they will borrow 2 trillion, it is to service the already borrowed money

Celcius:
Hmmmm.... we borrowing 2 trillion and still paying 2 trillion for debt servicing, which is just about the amount for Capital expenditure.
What a circle.

macaphan007:
What was the exchange rate then

Who caused the hike?

Realist2:
Buhari will still Northernized this budget because everything about Buhari is Northernization.

People with sense are the ones talking please���

4.17 Trillion naira non oil revenue ? Am I dreaming ?

chivic:
That's a moderate extimate.Because FIRS alone generates more than 4 trillion per year and custom will generate about 1 trillion not to mention other sectors.

Technically we will not have to borrow because even the oil revenue should not be less than 4trillion.considering the current price of crude per barrel.

I think its quite sensible

85 percent of what the FIRS makes is oil revenue. Yes oil revenue you heard right.

All our oil interests in PSC agreements are collected by the NNPC on behalf of the FIRS.

Budget of power grip consolidation
2019 is loading...........
How much is allocated ....?
Python disco
Crocodile laughter
Appeasing avengers
Shi'ites extermination
Equipping herds foot soldiers
Prison feeding and ballots gallow
Age does not matter voters
Oppose and quench
Maina refunds
UK bills
:
:
:
:
Sorry, no limit until invincible infrastructure.

obaataaokpaewu:
Like play like play, dem Don use this Budget presentation distract us from Maina's case. They will keep talking about this budget till a scandal(budget padding et al) is discovered out of it and they will dump it and seek for another distraction

everything is distraction to you. use your brain pls

clevvermind:
WHAT ARE YOU EXPECTING FROM THE DULLARD BEFORE?

I tire oo

baralatie:
PMB has poor economic team as far as economy is concerned

...yes until an IPOB is put there to borrow money to pay salaries and make everything feel good mumu-like and falsely claim we have the biggest economy in Africa...not so?

Daniel058:
This world self, even some people who sang it like the latest rap from olamide and PHYNO " that Buhari is DEAD" are no longer alive to see, hear or read about about THIS ... BUHARI IS ALIVE AND WILL RULE NIGERIA TILL THE END OF HIS SECOND TENURE..

Nwanne oburu na Chi gi mu Anya, there is no situation you can not survive.

Buhari or President KYARI..pls be clear

NwaIgboBoy:
Radio nigeria uplifting the north and uniting curuption........I HATE NIGERIA!!!

I hope you are not in this Nigeria, I'm sure you are in your real country either SA, India, Malaysia or wherever. if you are in this Nigeria, then you are in the zoo as an inhabitant.

NigerDeltan:


Why not present a budget of 6.5tr ?

Why bring deficit again?

Nigerians ehn!

The FG has set a target of certain percentage of the budget to be capital expenditure. If they want to keep that target, they have to borrow sonce the revenue is still small and recurrent expenditure is still high

why them no go put non oil revenues at 4 trillion when access bank Don deduct my 50# for card maintenance while am still charged for inter-Banks transactions.=... SMH

[quote author=Breakingberry post=62163834]You did your maths well.
When talking about debt servicing you must consider the fact that we owe before now so they still paying for that while borrowing more..

deflover:
Why do they keep fooling themselves that non oil revenue is bigger than oil revenue
Nigeria is dependent on oil revenue abeg

you just dont listen....and you never cared to read....oyel was never the biggest earner of nigeria....

informations are on the internet everywere....but you dont care to know........

Keneking:
So agriculture would fund the budget

........from Audu Ogbeh's rotten yam export.
Maybe they think that agriculture is the same thing as propaganda since we have illiterates running ruining our country.
All Poverty Congress, APC and lies be like Siamese twins 5 & 6.

Revealed: How Buhari Budgeted N39 billion for Propaganda

In a bid to launder his already battered image, President Muhammadu Buhari has allocated a whooping sum of N39 billion in the 2016 budget to the Ministry of Information and Culture, a sum higher than the paltry N29 billion allocated to the Ministry of Agriculture.

This is a direct inverse of the 2015 budget, where Former President Goodluck Jonathan allocated the sum of N23 billion to Ministry of Information and N39 billion to the Agricultural Ministry.

The meager allocation to the Agricultural ministry has left political stakeholders wondering if the present administration aims at diversifying the economy or thriving on propaganda.

Buhari had in August, 2015 stated that Nigerians must stop paying mere lip service to agriculture, as crude oil and gas exports will no longer be sufficient as the country’s major revenue earner.

“It’s time to go back to the land. We must face the reality that the petroleum we had depended on for so long will no longer suffice. We campaigned heavily on agriculture, and we are ready to assist as many want to go into agricultural ventures,’’ Buhari stated.

However investigations by Post Nigeria revealed that Buhari’s words did not match his action following the lean budgetary provision for Agriculture.

More from: https://www.post-nigeria.com/revealed-how-buhari-budgeted-n39-billion-for-propaganda/




https://d1ayctixdv89j1.cloudfront.net/wp-content/uploads/2016/05/Buhari-and-Mohammed.jpg

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tsdarkside:
you just dont listen....and you never cared to read....oyel was never the biggest earner of nigeria....

informations are on the internet everywere....but you dont care to know........

So why the focus on oil
Why not give us our resource control and allocate lands to you all to farm since there is more money from farming than oil
You DAT listens