₦airaland Forum

Ugo4hotish:
is it the presidents fault that recurrent expenditure is high?
don't you know that too much population leads to too much work force, and corruption practices like ghost workers?
then it will eventually lead to too much recurrent expenditure. that recurrent expenditure is what keeps the citizens either rich or poor. imagine a case where FG no pay allocation, and en no pay salary, do you think business will move for people in the market

PrecisionFx:
""Here on Nairaland did you not read about the cost of food staples falling""



Oga the reason why food prices fell is basically because we have entered harvest time. We plant from start of the rainy season in March and April n from October/November harvesting starts thus there's a fall in prices, this happens every single year.




As for stable currency, the Idiot in AsoRock has stopped being an idiot.

Butterworth:
Did you noticed that our RECURRENT EXPENDITURE is higher than our CAPITAL EXPENDITURE.

But I don't expect you to understand what that means.



The sooner folks like you realize that it's not about PDP/APC, but about holding our leaders accountable, the better for all of us in this messed up ENCLAVE called Nigeria.

eminikansoso:

This inflation rate always going up every year and the oil price bench mark of $45 per barrel hope the excess price from the sales of crude oil will not be pocketed by our lords
What other sectors are we going to use apart from oil sector because what am seeing is non oil revenue is almost 171% of oil revenue.

Butterworth:
Did you noticed that our RECURRENT EXPENDITURE is higher than our CAPITAL EXPENDITURE.

But I don't expect you to understand what that means.



The sooner folks like you realize that it's not about PDP/APC, but about holding our leaders accountable, the better for all of us in this messed up ENCLAVE called Nigeria.

Caseless:
what do you think was the benchmark in the last budget that you're asking for the excess? Well, the excess is in excess crude account. The one depleted by Jonathan is being stashed again.

GavelSlam:
Are you not reading about the stock market rallying daily?

Here on Nairaland did you not read about the cost of food staples falling?

What of stability of our currency?

I can even go as far as to say more jobs were created in 2017 than last year.

The ease of doing business has also been lauded by the international community.

Banks and various industries have declared profit for the quarter or half year financials.

2017 was a good year and we are looking forward to 2018.

I know it's difficult for many to grasp or appreciate due to their ingrained aversion for the government of the day but these are all incontrovertible facts.

SnowJay92:
Aren't you happy that at least for once something is thinking of how to gain revenue beyond selling oil?

eminikansoso:
Am very happy but will like to know the sectors

IMASTEX:
You wouldn't have even quoted the kid. He is still living on his parents. When he starts to be a man, only them will he really what he wrote

eminikansoso:
so you never attended economics class in your high school
do you know the meaning of inflation, if not visit Zimbabwe.

GavelSlam:
Foodstuff
According to Dr Yemi Kale who is Nigeria’s Statistician General, “In Delta, there was month on month drop in prices of dried mudfish, Garri, but rise in prices of Yam, Chicken feet, fresh mudfish, and beans in August 2017.

“In Edo, there was big month on month drop in prices of eggs, Chicken feet, rice, beef, Garri, but a rise in prices of Onions, Yam, mud fish, beans in August 2017.

In Ekiti, there was big month on month drop in prices of beef, rice, Garri, but rises in prices of peak milk, beans and sliced bread in August 2017”.

Dr Kale also said in August 2017, there was month on month drop in prices of eggs, yam, rice, Garri, but rises in prices of Chicken wings, bee, beans and unsliced bread in August 2017 for Sokoto.


https://www.google.co.uk/amp/s/amp.pulse.ng/news/business/nbs-inflation-drops-foodstuff-gets-cheaper-in-nigeria-id7322542.html

Please see also

https://www.proshareng.com/news/Nigeria%20Economy/Domestic-Price-of-Palm-Oil-Has-Declined-by-25Percent-in-12-Months/36706

GavelSlam:
Please suggest how to boost capital expenditure beyond that of the recurrent.

Butterworth:
And what should be the job of Buhari's ministers?

Are you trying to tell me that their job is to sit and collect money at the end of every month?

GavelSlam:
In other words, you have no idea.

Butterworth:
In other words, the government should employ the services of competent hands like me and my services are not for free,

My parents spent money educating me.

My service to Nigerian government won't be free.

I hope your ill informed self will understand.


You want ministers get paid for doing nothing and want me to discharge my professional duties free of charge, THINK AGAIN!!!

GavelSlam:
They should employ your likes because you can come on Nairaland and criticise without a hint of suggestion.

They should employ you because you are more intelligent than all the people in the budget office.

Don't worry you will even be nominated for the Nobel prize in economics.

Butterworth:
Mediocrity is entrenched in the Nigerian minds,.

I'm not begging to be employed by this clueless government, I'm more than one million miles away from Nigeria and self employed.

I'm not criticizing your darling government because it's affects me directly but for the sake of those living in this death trap called Nigeria.

I'm comfortably living well, using uninterrupted power supply, clean tap water, good roads and save working environment in a country that values professionals instead of MEDIOCREs like Nigeria do.


Buhari and his ministers can continue till time immemorial if that is what majority of those living in Nigerian wants. It won't affect me one bit.

Butterworth:
Mediocrity is entrenched in the Nigerian minds,.

I'm not begging to be employed by this clueless government, I'm more than one million miles away from Nigeria and self employed.

I'm not criticizing your darling government because it's affects me directly but for the sake of those living in this death trap called Nigeria.

I'm comfortably living well, using uninterrupted power supply, clean tap water, good roads and save working environment in a country that values professionals instead of MEDIOCREs like Nigeria do.


Buhari and his ministers can continue till time immemorial if that is what majority of those living in Nigerian wants. It won't affect me one bit.

GavelSlam:
Big deal.

Do you work as a professional where you are?

What is your area of expertise?

coputa:
If it actually affects you,then proffer a solution to this quagmire.because your comfort in another man's land is temporary,it's like living in a fools paradise

teebell999:
TSA has been in existence before Buhari pls.

Ugo4hotish:
is it the presidents fault that recurrent expenditure is high?
don't you know that too much population leads to too much work force, and corruption practices like ghost workers?
then it will eventually lead to too much recurrent expenditure. that recurrent expenditure is what keeps the citizens either rich or poor. imagine a case where FG no pay allocation, and en no pay salary, do you think business will move for people in the market

Butterworth:
Our debate is not about what I do and what I don't do,

Stick to the issue and stop derailing.

I have already told you that you can continue electing Buhari and his mediocre team of ministers till time INDEFINITE if that is the wishes and aspirations of the people living in Nigeria.

Have you bothered to see the list of Buhari's economy team, Lol, most of them are Lawyers and doctors by profession. Lol.

SnowJay92:
Aren't you happy that at least for once something is thinking of how to gain revenue beyond selling oil?

patrick89:
Stop it! Nigeria is oil based economy! we get forex from oil mostly, for we produce or export virtually nothing!
However, bunch of the none oil revenue will be borrowed!

GavelSlam:
Don't absolve yourself.

What do you export?

patrick89:
am I a country in? We don't have what it takes to service this budget!