₦airaland Forum

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Senate President, Bukola Saraki, on Wednesday, fired at the ruling All Progressives Congress (APC), hours after President Muhammadu Buhari was booed as he presented the 2019 Budget.

In his statement posted on his official Facebook page, Saraki noted that Nigerians have witnessed stunted growth in their respective businesses, lost their jobs during the recent recession and lost innocent citizens to insurgency in parts of the North East.

He wrote: “The last three-and-a-half years have been eventful ones at the global level and in our domestic economy. From dips in oil prices to major shifts in the economic landscape, crude oil production shut-ins and security challenges, the economy and Nigerians have been directly impacted by these events.

“Many businesses closed down and many people lost their jobs during the recent recession. In the same period, we lost innocent citizens to insurgency in parts of the North East, thousands were displaced, and many lives also lost due to clashes between farmers and herders, in addition to the general hardship unleashed by unstable economic winds.
“The recovery from the recession is still fragile. The fundamentals underlying the recovery remain weak, and if unchecked, can lead to dire consequences. The economy still runs on oil and very little progress has been made in terms of diversification.

“As a result, the expansionary budget policy in effect since 2016, which was aimed at raising spending and stimulating growth in the economy, was not matched by achievable revenue targets. The corollary is higher and rising deficit as well as a considerable debt burden, all due to an unsustainable fiscal stance.

“The under-performance of independent revenues is straining government’s ability to meet its expenditure, especially investments in critical infrastructure. This further exposes government to higher deficit levels which have been largely financed by borrowing.

“To be clear, two scenarios will play out if we do not deal decisively with challenges to revenue. These would be to: i. accommodate higher debt with higher repayment costs, which is not sustainable; ii. reduce the capital budget, which would mean a slow-down in government investment in critical infrastructure. This, again, does not aid growth or economy development.

“It is for these reasons that the National Assembly required that the 2018 Budget proposal and future ones be accompanied by a Finance Bill, which would give credence to the financial proposals of government.

“It is one way of establishing credibility in projected revenues. It is imperative, therefore, that a 2019 Finance Bill is submitted to the National Assembly for consideration and approval.”

https://all-gists..com/2018/12/bukola-saraki-blasts-apc-after-buhari-was-booed-at-national-assemnly.html

Under-performance of Government when you are part of the failed system

Kielsss:
Under-performance of Government when you are part of the failed system

what can the body do when the head is rotten? Buhari is like a cancer that must be git ridden off if not it will affect the whole body with his failure

BREAKING! APC blames Goodluck Jonathan for Jose mourinho sack.

MyVILLAGEpeople:
BREAKING!
APC blames Goodluck Jonathan for Jose mourinho sack.

Just anything for the "likes". Kontinu

PassingShot:
Just anything for the "likes". Kontinu

no go sleep
BMC

Sarathief is going down, going down, going down; and he knows it.

The kleptomaniac "cut the Lagos/Ibadan road budget", and wanted "juicy positions" from the government. He recently padded capital project refund money to be paid to state government by almost a billion naira while reducing the states provided for from 25 to 21. For Sarathief and his deluded frustrated supporters, it's about "what's in it for them".



Kwara is for Abdulrahman Abdulrazaq of APC.

Sarathief's Senatorial seat is so threatened that he will need a miracle to return to the senate.

These and more are the reasons he's planting landmines for the president through any means possible including the Electoral Bill.

He keeps strategizing and he keeps being outsmarted by PMB.

Sarathief is so frustrated walahi

MyVILLAGEpeople:
no go sleep

BMC

But you are sleeping, right? Frustrated thing

Saraki be like head Wey go chop conk, even if it wears an helmet, it will still chop am.

Saraki go soon hear am

PassingShot:
But you are sleeping, right? Frustrated thing

No be me u go follow do madness this morning.
BMC zombies are mentally unstable and irredeemable

Even your boo gat to boo..

E boo bubu

MyVILLAGEpeople:


No be me u go follow do madness this morning.

BMC zombies are mentally unstable and irredeemable

Just leave the zombie alone.. The name Saraki wakes them from slumber

[s]

MyVILLAGEpeople:


No be me u go follow do madness this morning.

BMC zombies are mentally unstable and irredeemable

[/s]
Sorry, all animals are not equals. We are not on the same level.

I am already on to THE NEXT LEVEL

[s]

dunkem21:
Just leave the zombie alone.. The name Saraki wakes them from slumber

[/s]

Bereft of coherence and ideas!

"...As a result, the expansionary budget policy in effect since 2016, which was aimed at raising spending and stimulating growth in the economy, was not matched by achievable revenue targets. The corollary is higher and rising deficit as well as a considerable debt burden, all due to an unsustainable fiscal stance.

“The under-performance of independent revenues is straining government’s ability to meet its expenditure, especially investments in critical infrastructure. This further exposes government to higher deficit levels which have been largely financed by borrowing.

“To be clear, two scenarios will play out if we do not deal decisively with challenges to revenue. These would be to:
-1).Accommodate higher debt with higher repayment costs, which is not sustainable;
-2).Reduce the capital budget, which would mean a slow-down in government investment in critical infrastructure. This, again, does not aid growth or economy development.

The last paragraph shows that Saraki is truly still wise than all of APC put together though he is part of this moribund government that sinked Nigeria into this mess of borrowing to fund budgets or service debts in background of poor or shortchange in government revenue generation esp.from the NNPC.

Story story

yomi96:
what can the body do when the head is rotten? Buhari is like a cancer that must be git ridden off if not it will affect the whole body with his failure

and what can the head do when the neck is dead or non existent.... Eleribu somebody

PassingShot:
[s][/s]
Sorry, all animals are not equals. We are not on the same level.

I am already on to THE NEXT LEVEL

Thank God u knw say u be animal

Besides NEXT LEVEL of what exactly??

What has Buhari achieved in this first term??

Maybe next level of poverty and hardship

dunkem21:
Just leave the zombie alone.. The name Saraki wakes them from slumber

Saraki the slayer Of Buhari

Besides am Earnestly waiting for the presidential debate

The Booing and the jeering were indirect Referendum of a vote of no confidence in Buhari.

MyVILLAGEpeople:
Thank God u knw say u be animal

Besides NEXT LEVEL of what exactly??

What has Buhari achieved in this first term??

Maybe next level of poverty and hardship

Olodo, all humans and other living things are animals. Go school, you no gree.

MyVILLAGEpeople:


Saraki the slayer Of Buhari

Besides am Earnestly waiting for the presidential debate

He won't turn up, bro.. He will use the booing as an excuse.

imagine jubrin talking about international TV. How many times has he disgraced himself and Nigeria on international TV? Countless!

Saraki should blast him self first for his inability to control the house and make his speech

Buhari had better start preparing that finance bill because if his plan is endless borrowing, it will fail.

PassingShot:
Olodo, all humans and other living things are animals. Go school, you no gree.

olodo calling someone an olodo.mammal

orisa37:
The Booing and the jeering were indirect Referendum of a vote of no confidence in Buhari.

How did you arrive at that when there was no vote count. Abi you didn't here cheering too? Oya go and check the real meaning of "referendum"

PassingShot:
Olodo, all humans and other living things are animals. Go school, you no gree.

Oga next level of what oooo

poverty and hardship??

Because of 30k BMC zombie and Npower u no fit talk truth abi?