₦airaland Forum

tegrianonigltd:
You believed up there, chaii, if you have gone to school, it need to be retrieved.

The submissions of osinbajo can't be wrong.

CodeTemplar:
The submissions of osinbajo can't be wrong.

Sweet tongue politicians, some people are good with words.

tycoolest:
u should try and understand, the income is less and the expenses is high , how on earth will they reduce the debt, this administration is really trying. kindly think well before u cast ur vote

GOD BLESS NIGERIA

Didn’t say they’re not trying just pointing at the obvious. Do you mean income is lower than the previous administration? They portrayed themselves as messiahs, upon getting there they performed below expectations It’s no ones fault to say no to the false hood they entered power with. It’s like lying on your resume just to get a job and when you get in the cracks start showing if you’re Management what would be your decision give him more time or kick him out? Be honest wo H yourself.

Kindly think well before you vote.
PS both candidates are crap and just like 2015 we are forced to choose between two evils.

aku626:
Didn’t say they’re not trying just pointing at the obvious. Do you mean income is lower than the previous administration? They portrayed themselves as messiahs, upon getting there they performed below expectations It’s no ones fault to say no to the false hood they entered power with. It’s like lying on your resume just to get a job and when you get in the cracks start showing if you’re Management what would be your decision give him more time or kick him out? Be honest wo H yourself.

Kindly think well before you vote.
PS both candidates are crap and just like 2015 we are forced to choose between two evils.

bro, to be very honest with you the aspect they bleeped up is on security which is this foolish fulani herdsmen and this fulani as been committing this act as far back as 2013 we turn blind eye to it anything aside that they have really tried, the problem we have now is we expected too much with less resources, they have done more than the 16yrs of pdp with oil boom in just 3yrs and some months, i know u will not argue that. if we are to vote on record pdp is no where near apc which u know , pdp as been patching up this building(Nigeria) and projecting it as a standard and strong one where as the building(Nigeria) is on the verge of collapsing , patching up a building that should be rebuilt will only damage it more. apc is not a saint but pdp is a disaster for this country they created every single problem we are facing now, okonjo iweala as been warning us to prepare for recession as far back as 2014, we need to do some research and know some things aside what we hear from people.
we all have the right to vote for anybody we like but in my own opinion they deserve another term, if u drop shit on my post i will make you it the worm.
GOD BLESS NIGERIA

PrecisionFx:
I'm sure ur from imo state, cuz that's the only place in Igbo land that u can find people that talk like u....


"" so you actually acknowledge that he met those 10 turbines and just pumped in some extra funds to progress on them?... You also agree that not all were completed after they left power.""

GEJ didn't pump in some extra money, He continued from the foundation of those power plants because OBJ never even completed the foundation (make calls n confirm this).

OBJ started those gas turbines 1 year before he left office so he did almost nothing. The project stalled under Yaradua because he said that there was no gas turbine built in northern Nigeria so he wanted to scrap the project. It took his sickness n a long term explanation for him to have dropped that idea. Stake holders kept explaining to him that the location of those plants was based on nearness to the fuel which is diesel or natural gas.

GEJ started the project in Ernest n took it to over 70% completion n that is a real project, Not the abracadabra magical project Buhari n the fake pastor have been deceiving Nigerians with today.


If Buhari invested as little as 2 billion dollars in that project, All those plants will be online at least generating 70MW each.

Lol... these Jonathanians, una too funny. Jonathan probably did everything good in Nigeria and is responsible for every single little progress Nigeria has recorded; others were either just pumping money into the sea (and into pockets), no single assets procured with the full $16bn, or some others are just incompetently looking on today and doing nothing. If you're, left alone, one day you'd even explain how Jona was the one who mounted the Sun in space.

Meanwhile, it's on record that that govt between 2010 and 2015 spent about $8.5bn on power. Within that same period, the power assets were privatized, suggesting that some of those funds should have been recouped (how much was recovered is story for another day). But even if we assume no kobo was recovered by the govt following the privatisation, abeg how does that $8.5bn account for the fact that the country grossed up to $380 billion in the period under review, an unprecedented high figure, but still borrowed up to $28bn and crashed foreign reserves by over $12billion?... This question must really be difficult to answer for you, but the real answer is obvious for those who keep doubting the financial recklessness of that govt.

Buhari clearly isnt doing a whole lot of things right, but in terms of fiscal responsibility, you really can't compare his govt to the last one. Make we try call spade spade abeg. If the last govt which earned over 3 times more than the current govt couldnt survive without borrowing, dont you think it is irrational (especially for those praising the last govt) to now crucify the current guys for borrowing despite?

obailala:
...Meanwhile, APC between 2015 to date has received about $112 billion total from oil sales, the nation's overall debt has increased by over $10billion and despite the low revenue (due to low oil price/ production levels), the nation's reserves has been grown from ~$28.6bn to about $45 billion.

You're lending credence to the fact that Buhari's much touted integrity is a farce.
So APC made $112 billion so far from oil alone?
Can you now tell us the budget since Buhari came on board, and how much we've been able to save of the amount?
Having it in mind that budget implementation has been very poor.
I hate it when this government tries to remind us how bad PDP government was. We know that already and that's why people voted for a change.
Except this government is spending outside the budget, the oil revenue is enough and the borrowings are unnecessary.

DeOTR:
You're lending credence to the fact that Buhari's much touted integrity is a farce.
So APC made $112 billion so far from oil alone?
Can you now tell us the budget since Buhari came on board, and how much we've been able to save of the amount?
Having it in mind that budget implementation has been very poor.
I hate it when this government tries to remind us how bad PDP government was. We know that already and that's why people voted for a change.
Except this government is spending outside the budget, the oil revenue is enough and the borrowings are unnecessary.

Lol... Are you by any means suggesting that the $112bn figure is fake?... By the way, before we proceed, when it is said that Nigeria sold oil worth $112 billion in the last 3 years, it doesnt necessarily mean the government made $112 billion in revenue. Only a tiny fraction of that amount gets to the purse of the govt as income in form of royalties and tax. I'm very sure you (and so many others) dont know this, so your questions above arent surprising.

Nigeria's budgets have been averaging about $22bn each year since 2015 and a budget is only a projection of what the givt hopes to get and to spend in tje fiscal year. Since 2015, the revenue target has never been hit, only roughly half of that amount is realised each year, a further amount is borrowed (to cover the deficit) but even at that, the $22bn total target has still never been hit. Hope you know that?

Meanwhile regarding the blames, the only reason people still remember or remind or even talk about how bad the previous givt was is because the loudest critics of the current govt are the very people who either belonged to the former govt, or were ardent supporters and praise singers of the former govt. You cant blame apc for always engaging in back and forth blame games talking about pdp. The reason is obvious, the day pdp players stop absurdly presenting themselves as competent patriotic saints who financially managed the country well and provided security, that day, the apc govt will stop responding with blames. It's common sense, the pot cannot be calling kettle black everyday and expect the kettle not to react.

Haba Osinbade! IMF and World Bank says otherwise.

Now people can see the level of corruption the past Government left behind for the PMB Administration to inherit.. and yet with no money he borrowed so little and has done so much, kano road has been done, the ikot ekpene road is under construction, the railways are functioning, what more do we want if not a hardworking government, a government that delivers; rather than squander the country's wealth for their selfish needs.
PDP did all the looting for 16 whole years someone needs to clean up their mess in order for the masses to live well in the country.
God bless PMB
God bless Nigeria

obailala:
...when it is said that Nigeria sold oil worth $112 billion in the last 3 years, it doesnt necessarily mean the government made $112 billion in revenue. Only a tiny fraction of that amount gets to the purse of the govt as income in form of royalties and tax. I'm very sure you (and so many others) dont know this, so your questions above arent surprising.

I know how the industry is been run. However, you led me to believe the government made $112 billion between 2015 and now from the sales of oil alone, or what else do you want me to believe gets to the government purse from oil proceeds if not the royalty and tax?
Both APC and PDP are only after power and taking control of the nation's resources and nothing else.
For God's sake, APC had the opportunity to make a difference by reducing government overhead by 150% when they took control the FG. But what do you get when the party has no such ideology.

tycoolest:
bro, to be very honest with you the aspect they bleeped up is on security which is this foolish fulani herdsmen and this fulani as been committing this act as far back as 2013 we turn blind eye to it anything aside that they have really tried, the problem we have now is we expected too much with less resources, they have done more than the 16yrs of pdp with oil boom in just 3yrs and some months, i know u will not argue that. if we are to vote on record pdp is no where near apc which u know , pdp as been patching up this building(Nigeria) and projecting it as a standard and strong one where as the building(Nigeria) is on the verge of collapsing , patching up a building that should be rebuilt will only damage it more. apc is not a saint but pdp is a disaster for this country they created every single problem we are facing now, okonjo iweala as been warning us to prepare for recession as far back as 2014, we need to do some research and know some things aside what we hear from people.
we all have the right to vote for anybody we like but in my own opinion they deserve another term, if u drop shit on my post i will make you it the worm.
GOD BLESS NIGERIA

Are you familiar with budgit you could follow them on twitter try searching for ‘buharis score card’, you can see all the achievements of his tenure I took a look bro it is bad I’ve attached it here hope it uploads.
I don’t post trash if you keep your comments civilized

DeOTR:
I know how the industry is been run. However, you led me to believe the government made $112 billion between 2015 and now from the sales of oil alone, or what else do you want me to believe gets to the government purse from oil proceeds if not the royalty and tax?
Both APC and PDP are only after power and taking control of the nation's resources and nothing else.
For God's sake, APC had the opportunity to make a difference by reducing government overhead by 150% when they took control the FG. But what do you get when the party has no such ideology.

Haba! Of course if the govt made $112bn raw net income, Nigeria wouldn't be struggling to meet basic needs. The only relevance of mentioning that figure was to just enable a qualitative comparison between the past and present. The discussions on this thread centres on how the government is borrowing too much; my point was that due to the high cost of running the country, if the previous government that earned almost 4 times more income was struggling and had to borrow substantially to keep things afloat, then why should anyone really be surprised that the current govt which has earned far less is also borrowing substantially?

I totally agree with you though, the cost of running Nigeria is so so high with a massive recurrent bill every year. And that's one area I am disappointed in buhari, his inability to crash the cost of govt reasonably. Even if he cant adjust the figure swallowed by the rogues at the NASS, I believe there are still a thousand and one other ways a serious president can cut the cost of governance.

[center][/center][left][/left]

OrientDailyNews:
https://orientdailynews.com.ng/cover-story/buhari-inherited-63b-debt-borrowed/


https://orientdailynews.com.ng/wp-content/uploads/2018/09/osinbajoo.jpg

Lalasticlala seun mynd44

PrecisionFx:
And how much is the salaries? As if our civil servants earn 500k monthly. most civil servants work with SSCE n get paid less than 20k in most cases.

Bail out for states wasnt paid with our generated revenue, Don't even go there.

Is 112 billion dollars the only money Nigeria has generated in 3 years

Where is the borrowed 30 billion dollars? 30 billion dollars alone can provide 15,000MW and build 3 refineries that will refine 1 million barrels of crude oil daily.

Imagine the trash ur saying, Almost the projects u listed was started by GEJ n Buhari has borrowed billions of dollars for them and they are still uncompleted projects 4 years on.

Use ur sense abeg

Salaries alone is almost 2 trillion at 160 billion a month for civil servant from expected 9 trillion revenue made of earnings and loans. All this information is out there buy you not read. And is salary alone the cost of governance? What of other overhead cost? What of materiel cost, Maintenance cost, Finance cost, Loan repayments, Capital projects etc.

Imagine someone with education saying because civil servants don't earn 500k each then the wage bill is small, he doesn't care the number of people on the payroll.

If your income every year is 6 million, by your logic you should be able to buy a new tokunbo car of 1.5 million every year, but how many people earning so much can do that? Sensible people know you have rent to pay, school fees, savings for landed property, social responsibilities etc.

Sorry you are still at the GEJ did it group, una weldone for tenacity o, even Jonathan has since left that group.

PrecisionFx:
Buhari has borrowed 30 Billion Dollars in 3 years and 5 months, Thats the issue at hand. He borrowed 30 Billion Dollars and yet nothing to show for it.

Are u suggesting that he borrowed 30 Billion Dollars, Paid it into an account and then withdrew 20 Billion Dollars and paid it back to our lenders 3 days later?

They have to break it into pieces before you can understand, really pitiful to be a slow learner!

You sure didn't get the memo that government revenue has dropped 70% yoy, your 286 brain power is still booting

Ovamboland:
They have to break it into pieces before you can understand, really pitiful to be a slow learner!

You sure didn't get the memo that government revenue has dropped 70% yoy, your 286 brain power is still booting

Use ur sense.

Or upgrade from that ur Windows 91 software ur running as a brain