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Nairaland Forum / Nairaland / General / Politics / Buhari Proposes N8.83 Trillion Budget For 2019 (13418 Views)
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Buhari Proposes N8.83 Trillion Budget For 2019 by nimisola: 2:23pm On Dec 19, 2018 |
President Muhammadu Buhari has proposed N8.83 trillion naira budget for 2019 to the joint session of the National Assembly. The presentation of the budget was presented under a rowdy session with opposition lawmakers repeatedly booing the President as he listed his achievements. The budget proposal was prepared based on the following assumptions: Oil price: $60 per barrel of oil production rate: 2.3 million barrels per day exchange rate: N305 to $1 Real GDP growth: 3.01 per cent inflation rate: 9.98 per cent. The proposed budget shows that about a quarter of the sum (N2.14 trillion) will be used for debt servicing while capital expenditure is expected to gulp N2.031 trillion. See more breakdown below. Recurrent – N4.04 trillion Debt service – N2.14 trillion Statutory transfer – N492.36 billion Sinking fund – N120 billion Capital expenditure – N2.031 trillion More details later… SOURCE: http://www.nigerianeye.com/2018/12/breaking-buhari-proposes-n883-trillion.html 6 Likes 1 Share
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Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Johnpaul01: 2:24pm On Dec 19, 2018 |
BUHARI!!! 59 Likes 2 Shares
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Re: Buhari Proposes N8.83 Trillion Budget For 2019 by festacman(m): 2:25pm On Dec 19, 2018 |
While the budget presentation was on with the noisy Ayes and Nays in competition, I was looking at Saraki. Some questions kept bothering me: What happened to massive NASS budget? Why is Saraki unable to pay his workers? Fellow country men and women, we need to keep these people far awày from the national treasury if Nigeria will.make.progress. 20 Likes 2 Shares |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Asshurbanipal: 2:49pm On Dec 19, 2018 |
Debt servicing higher than capital expenditure 28 Likes 1 Share |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Ibramamahi(m): 3:01pm On Dec 19, 2018 |
Debt servicing economy.... little wonder we are were we wear were wea. What am i saying sef 56 Likes 3 Shares |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Tofax: 3:33pm On Dec 19, 2018 |
Reeling out Trillions of Naira every year without corresponding effect on the Life of Nigerians. Insanity is doing the same thing over and over again and expecting different a results. This is not about APC or PDP. Nigeria is simply not working with the current arrangement. The unemployment rate is rising daily and the Population is increasing without corresponding increase in revenue and resources of the Nation. Imaging a man who earns 200 thousands Naira a month with 4 children and after 16 years he has a total number of 10 children with the same amount of money. If he does not create additional avenue to support his family, he will find it difficult to meet up. 12 Likes 3 Shares |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Nobody: 3:34pm On Dec 19, 2018 |
Jibril must go back to Sudan.... Incompetent morons 11 Likes |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by akinbode1(m): 3:34pm On Dec 19, 2018 |
Haahaaaa |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by iaamxavier(m): 3:34pm On Dec 19, 2018 |
Budget keeps increasing yearly with little or no impact on our Economy Imagine using quarter the budget to service debt This country is a shit hole 2019 just do fast and come 11 Likes 1 Share |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Ayoswit(f): 3:35pm On Dec 19, 2018 |
Failed government. 6 Likes |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Tycoon007(m): 3:35pm On Dec 19, 2018 |
I'm a good artist with a good fan trick, lemme be ur driver, take u to the alter, girl I cannot lie ur smiling is brighter, follow me on twitter, I will cook dinner, got a good partner, inside me he's eager...i fb @kayman_007 1 Like |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by SolelySolar: 3:35pm On Dec 19, 2018 |
Atiku/Obi is the SUREST way to go for every; Reasonable Sincere Progressive Unbiased Sane Visionary Lively and Non-gullible Nigerian who Loves the Unity and Prosperity of this great Nation. Support PDP if you belong to any /all of the above categories. #Donotreinforcefailure #LetsgetNigeriaworkingagain 18 Likes 2 Shares |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by SingleWahala(f): 3:35pm On Dec 19, 2018 |
1 Like
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Re: Buhari Proposes N8.83 Trillion Budget For 2019 by semyman: 3:35pm On Dec 19, 2018 |
Looters will be wiped out and their agents castrated 3 Likes |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by optimismlaz(m): 3:35pm On Dec 19, 2018 |
Nigeria is doomed, debt service is greater than capita expenditure. 8 Likes |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Standardcosting(m): 3:35pm On Dec 19, 2018 |
K |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by hightempo(m): 3:35pm On Dec 19, 2018 |
K |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Frankbaro(m): 3:36pm On Dec 19, 2018 |
Where will the money come from? He will go borrowing again. Was 2017 and 2018 budgets eve. Implemented? I don tire for Jubrin Al Sudan's matter. Anyway he's going back to Daura abi Sudan, come 2019. |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Fizzymike1(m): 3:36pm On Dec 19, 2018 |
nimisola:. Stupidity at its peak from this government. How is he going to source for the founding when dept its on the rise. China is tired of borrowing us money o 1 Like |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by namio10: 3:36pm On Dec 19, 2018 |
Every Nigerian may owe a million dollars to international debtor agencies before President Buhari leaves office, the way he is going. 3 Likes 1 Share |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Olukat(m): 3:36pm On Dec 19, 2018 |
Budget of borrowing to service debt and sharing money in the market economy I spit on whoever had a hand in taking Nigeria through this trashy path in 2015. 6 Likes |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by SingleWahala(f): 3:36pm On Dec 19, 2018 |
optimismlaz:.. Mr. Nairaland Economist 1 Like |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Nobody: 3:36pm On Dec 19, 2018 |
optimismlaz:And so what? 1 Like |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by theoldpretender(m): 3:36pm On Dec 19, 2018 |
Ibramamahi: Our breakeven oil price is $140 Oil is $57 as at yesterday,, and has never been above $80 since Bubu took over. Of course....we had to take loans. 2 Likes |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by obaataaokpaewu: 3:37pm On Dec 19, 2018 |
Debt service is 2.14 trillion. Out of the total budget, how much will be funded through loan? 3 Likes |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by wiseone28: 3:37pm On Dec 19, 2018 |
sai baba Till 2029 2 Likes |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Lanre4uonly(m): 3:38pm On Dec 19, 2018 |
Ok. It is noted. |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by Denikayan: 3:38pm On Dec 19, 2018 |
God bless His Excellence, President Mohammadu Buhari (GCFR) 1 Like |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by goodnessme1(f): 3:38pm On Dec 19, 2018 |
jubrin deceiving nigerians. 2 Likes |
Re: Buhari Proposes N8.83 Trillion Budget For 2019 by theoldpretender(m): 3:38pm On Dec 19, 2018 |
iaamxavier: Oil is at $57 as at yesterday, Our breakeven is $140 per barrel. We need oil to be at $140 to have a balanced budget WITHOUT borrowing. Mind you, if PDP was in power right now, I would be making the same argument. Either we take the hard path of becoming an induistrial nation which means more years of hardship before things get better...or we keep up the illusion of being a rich nation...while oil stays low. 5 Likes |
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