₦airaland Forum

Some one said kemi adeosun was incompetent and unqualified
But one thing I know is 10 zainab Ahmed cannot equal one kemi adesosun

And afonjas are busy pursuing to be president in 2023.

what do you expect from an illiterate and his crew? a certificate less one for that matter? we aren't surprise.

Stalwert:
Government actions are designed to achieve the diversification of the economy. But Nigerians need to get behind the program, we need to embrace and maintain unity of purpose.

What have Nigerians got to do with d failure of govt? What diversification can be achieved when recurrent expenditure is 88.7 percent of d budget leaving a paltry 4.1 percent for capital projects?

TooMuchStuff:
All thanks to our certificateless Tyrant of Daura

No rather thanks to our insane desire for imported items without value added. Let's say it as it is.

Maybe they need to worry about their own people living in a first world country, and shanking people for a few pounds.

Edit: My bad, I thought it was the UK's Guardian publication.

Mgbadike80:
The Yoruba newsmedia have lately been up in arms fighting against their darling president and Papa. Unfortunately for them, the man is a monster who doesn't care about what they write or say. He's not Goodluck Jonathan. They should relax and enjoy the next level, next year is going to be more bad and rough for them .

Where is Ibos newspapers

deboysben:
And afonjas are busy pursuing to be president in 2023.

Yes. He dey pain you??

[quote author= post=85180092]Kindly note sir Blake,
We gave you your first like and share.....[/quote]Noted.Thanks

The redundant coupist is all shades of dumbness/cluelessness!

The shithole is on a cliff edge!

What economy ? Unemployment rate is at 23.3 youths are out of jobs and some idiots will say am a proud Nigerian

now your suffering continues ( NYSC )

By the way, closing the border helps promote our products within the country and gradually, in other countries.
The way we are going about it is not the way to do it.
China is a vivid example of a prepared leader to do it.
Singapore is another.

Blakewilli:
Politicians earn too much. Let them start by cutting down their salaries. Do you know that Nigerian politicians earn the highest salaries among other countries politicians
Secondly, we need to diversify our Economy. It isn't only oil we should depend on. *By the way, closing the border helps promote our products within the country and gradually, in other countries.

What do you expect from a non-progressive nepotic tyrants who care less about the farewell of the masses parading at the corridor of power

The question is where is all this billions going to? You see This Nigeria eh.... Nobody is patriotic from up to down NOBODY! Just selfish Greed up and down!

Almost everything earned in taxes and royalties goes to servicing less than 3 percent of the population. Government under this dispensation has become a BURDEN to this country.

It is like having a restaurant business, a factory, a construction site or a sports club and 95 percent of what you earn, your receipts is spent in the office. To buy foodstuff to cook, to buy raw materials to produce, to buy cement to build, to pay the players you go borrowing.

What kind of madness is this. How many civil servants are there in Nigeria for heavens sake. What exactly do they do that the rest of Nigeria cannot. What is the role of government beyond the ORGANISATION OF SOCIETY. How can organising society be this daunting especially when the vast majority of Nigerians donot feel the contribution of government in any positive, meaningful way on a day to day basis having to provide virtually the whole range of social services for themselves.

They will tell us that they have to borrow to provide infrastructure to con the ignorant. What they will not reveal is what is done with what they have, what they gather from the long suffering citizen and what God has so graciously provided from the ground in terms off natural resources. They donot want you to hold them to account on that. That is not governance. It is blackmail because they know the 97 percent of non government folks need the infrastructure to function and advance.

It is highly irresponsible for government to TAKE ALL THE MONEY IT HAS AT ITS DISPOSAL FIRST AND THEN SCRAMBLE TO FIND MONEY FOR THE REST OF NIGERIA.

For our slow citizens, bogged down by tribe and religion hear this. If you donot begin to demand for the restructuring of this country to give you direct powers to decide who gets what out of the national purse a time will come when 100 percent of what Nigeria makes a year will go to them, their wallets, their armoured jeeps, their foreign trips, their palatial mansions and their disgusting pensions. Then they will tell you to go face the World Bank or the Chinese development bank yourselves.

This is the only country I know where the people sit idly by and watch their utter destruction in broad daylight by folks who number no more than a dozen but cause so much hardship and suffering at their own expense. We are truly a failed citizenry.

Mgbadike80:
The Yoruba newsmedia have lately been up in arms fighting against their darling president and Papa. Unfortunately for them, the man is a monster who doesn't care about what they write or say. He's not Goodluck Jonathan. They should relax and enjoy the next level, next year is going to be more bad and rough for them .

pls dont bring your yoruba vs igbo fight into dis thread
d sun is too hot for nonsense biko

Mgbadike80:
The Yoruba newsmedia have lately been up in arms fighting against their darling president and Papa. Unfortunately for them, the man is a monster who doesn't care about what they write or say. He's not Goodluck Jonathan. They should relax and enjoy the next level, next year is going to be more bad and rough for them .

pls dont bring your yoruba vs igbo fight into dis thread
d sun is too hot for nonsense biko:-/

It's a pity that some people have to wait until now to speak up against major general Buhari's regime.
Most Buhari's supporters with political, ethnic or religious affiliations are the worst hit thanks to a regime without direction. Let us mourn our Nigeria nation for now

Blakewilli:
Politicians earn too much. Let them start by cutting down their salaries. Do you know that Nigerian politicians earn the highest salaries among other countries politicians
Secondly, we need to diversify our Economy. It isn't only oil we should depend on. *By the way, closing the border helps promote our products within the country and gradually, in other countries.

goal post shifter, we are talking of a president with no idea of economic management, a man that is driven by nepotism ,tribe and religion, have anybody noticed that apc does not make use of technocrats ,most of u don't like blaming the government 4 clueless approach toward the economy.

[s][quote author= post=85180092]Kindly note sir Blake,
We gave you your first like and share.....


Cool! [/quote][/s]

Advocate500:
goal post shifter, we are talking of a president with no idea of economic management, a man that is driven by nepotism ,tribe and religion, have anybody noticed that apc does not make use of technocrats ,most of u don't like blaming the government 4 clueless approach toward the economy.

yeah. Those are some mistakes the government is/has made

A fiscal governance campaigner, Eze Onyekpere, said there would be no progress until government cuts down bloated costs and improves value for money in overall expenditure, especially in capital expenditure. Also emerging, he said, is the challenge of compelling Ministries, Departments and Agencies (MDAs) to collect and remit all due revenues.

That 's all there is, really.

[quote author= post=85180092]Kindly note sir Blake,
We gave you your first like and share.....


Cool! [/quote]a news recruite?

How are we sure they won't proscribe this paper?

• Recurrent expenditure takes 95 per cent revenue
• Budgetary projection plunges by N218b in one month

The country’s quest to overcome growth and development challenges will remain a mirage as government continues to prioritise huge consumption above capital investments, says a report by the Central Bank of Nigeria (CBN).In November, the Federal Government spent 95.9 percent of its resources on statutory transfers (7.2 percent) and recurrent expenditure (88.7 percent), leaving a paltry 4.1 percent for capital projects.

According to the Economic Report released in November 2019, government’s budgetary projections sustained its pattern of shortfall by N218.05 billion. At N322.62 billion, the estimated Federal Government’s retained revenue for the month of November 2019 was below the monthly budget of N705.44 billion by 54.3 percent.

An analysis of the figure shows that the Federation Account and Value Added Tax (VAT) were 85.6 and 4.7 percent of the total retained revenue, respectively, while the Independent Revenue, Exchange Gain and Solid Minerals accounted for 8.3 percent, 0.2 percent and 1.2 percent, respectively.

Government expended N540.67 billion. This went below the monthly budget estimate of N865.31 billion by 37.5 percent, as well as the N776.87 billion recorded in the preceding month by 30.4 percent.The expenditure pattern shows that the recurrent expenditure took up N479.57 billion (88.7 percent), while capital expenditure got a paltry N22.16 billion (4.1 percent) and transfers took up N38.92 billion (7.2 percent) in the review period.

Of the recurrent expenditure, non-debt obligation (salaries) was N355.36 billion (74.1 percent) while debt service payments accounted for the balance of N124.2 billion (25.9 percent). Consequently, the fiscal operations of the Federal Government resulted in an estimated deficit of N218.05 billion, compared with the monthly budget deficit of N159.87 billion.

The Programme Officer, Public Finance Management, at the Centre for Social Justice, Fidelis Onyejegbu, said the imbalance between recurrent and capital expenditure (CAPEX) in budgeting does not align with the government’s economic recovery growth policy of attaining 30-35 per cent capital expenditure to total budget.

He explained: “The 2020 approved budget of N10.59 trillion, for instance, has a capital component of N2.78 trillion, representing 26.2 per cent of the total approved fiscal plan. This percentage could reduce if, for some reason, the total budget is not fully implemented.

“This was the case in the past years, even when the appropriated capital expenditure was up to 30 percent of the overall budget, like in 2018, when implementation was short. There is a huge personnel cost to be dealt with and there is also the issue of achieving the targeted revenue earnings, as projections in recent years have not been significantly met.” He suggested a study of the Oronsaye Committee Report on reducing the cost of governance with a view to implementing the recommendations contained therein.

The latest fiscal challenges took off as the estimated federally-collected revenue (gross) in the month of November 2019 fell to N858.92 billion, below both the monthly budget estimate of N1.246 trillion and the preceding month’s receipt of N894.09 billion by 31.1 per cent and 3.9 per cent, respectively.

The decline, relative to the monthly budget estimate, was attributed to shortfall in both oil and non-oil revenues, an indication of continued growth struggle, but mostly, dependence on crude oil. Oil receipt, at N489.08 billion or 56.9 percent of total revenue, was below both the monthly budget of N798.83 billion and the preceding month’s receipt of N577.30 by 38.8 percent and 15.3 percent, respectively.

The decrease in oil revenue, relative to the monthly budget estimate, was attributed to shut-ins and shutdowns at some terminals of the Nigerian National Petroleum Corporation. At N369.84 billion or 43.1 percent of total revenue, non-oil receipt was below the monthly budget of N447.24 billion by 17.3 per cent.

The drop in collection, relative to the monthly budget, was due to the decline in revenue from VAT, Education Tax and Federal Government’s Independent Revenue. Of the net sum of N723.31 billion retained in the Federation Account, the sums of N100.72 billion, N26.88 billion, and N23.65 billion were transferred to the VAT Pool Account, Federal Government Independent Revenue, and “others” respectively, leaving a net balance of N572.06 billion for distribution to the three tiers of government and the 13 percent Derivation Fund.

The Federal Government received N276.12 billion, while the state and local governments received N140.05 billion and N107.98 billion, respectively. The balance of N47.91 billion was shared among the oil- producing states as 13 percent Derivation Fund.From the N100.72 billion transferred to the VAT Pool Account, the Federal Government received N15.11 billion, while the state and local governments received N50.36 billion and N35.25 billion.

Additionally, the sum of N1.11 billion was distributed in the month as Exchange Gain, with the federal, state and local governments receiving N520 million, N260 million and N200 million, respectively, while the 13 percent Derivation Fund received N120 million.Also, N8.70 billion was received as solid minerals revenue, with the federal, state, and local governments receiving N3.99 billion, N2.02 billion, and N1.56 billion. The sum of N1.13 billion, however, was given as 13 percent derivation fund for the mineral-producing states.

Generally, the total allocation to the three tiers of government from the Federation Account and VAT Pool Account in November 2019 amounted to N682.59 billion. This was below the monthly budget estimate of N1.091 trillion by 37.4 percent. It however, exceeded the preceding month’s allocation of N673.01 billion by 1.4 percent.

A fiscal governance campaigner, Eze Onyekpere, said there would be no progress until government cuts down bloated costs and improves value for money in overall expenditure, especially in capital expenditure. Also emerging, he said, is the challenge of compelling Ministries, Departments and Agencies (MDAs) to collect and remit all due revenues.

On his part, Jide Ojo, a public affairs analyst, lamented that Nigeria’s expenditure pattern is anti-development. He said the lopsided expenditure pattern in favour of recurrent, debt service and statutory transfers cannot bring development.

“This skewed expenditure pattern is not limited to the Federal Government, but also the remaining two levels of government – state and local. If we hope to fix infrastructure deficit across the three levels, deliberate attempts must be made to significantly improve the capital vote and its implementations,” he said.

Source: https://m.guardian.ng/news/nigerias-economy-under-siege-over-bad-government-choices/

NIGERIA SHOULD BE RESTRUCTURED INTO A TRUE FEDERAL STATE.

There are so many things the federal government has put their hands into which they should not be doing.

States should be made autonomous with more powers devolved to the state.

This unitary structure the northern political leadership is comfortable with will not bring accelerated progress and development to Nigeria.

There is the urgent needs to bring down the UNITARY SYSTEM to an abrupt end.

The 2014 National Conference Report must be revisited and implemented.

The political leadership need to cut down on the huge cost of governance.

Most of these federal ministries are unproductive and they must be pruned down.

GOVERNMENT IN NIGERIA at the three tiers, Federal, State and Local Government must learn the culture of spending money wisely and productively.

Our spending culture must be based on money that we truly earned.

Not the Lazy man 's money which is CRUDE OIL.

The war against corruption must be fought without stopping and it must not be built around the federal government alone.

Blakewilli:
Politicians earn too much. Let them start by cutting down their salaries. Do you know that Nigerian politicians earn the highest salaries among other countries politicians
Secondly, we need to diversify our Economy. It isn't only oil we should depend on. *By the way, closing the border helps promote our products within the country and gradually, in other countries.

their salary may be big but the real problem is over inflated project coordinator cost. we budget millions for project that should normally cost a few thousand.

BreconHills:
No rather thanks to our insane desire for imported items without value added. Let's say it as it is.

Can Almajiri ever believe anything outside Keu??

Govt shld stop creating nu department nd agencies. N- power, civil defence, Niger delter ministries nd mny senseless dept nd ministries shld b scrapped in order to reduced govt. Wage bills...

Enterprenuership shld b encouraged. Again lawmakers huge allawances shld b slashed

TooMuchStuff:
All thanks to our certificateless Tyrant of Daura

how dare you say he is certificateless. He has got NEPA BILL he is using to rule Nigeria.

Tulsaguy:
how dare you say he is certificateless. He has got NEPA BILL he is using to rule Nigeria.

Hahahahahah... !
No wonder we no dey see light again for my area

Chukapage:
The question is where is all this billions going to? You see This Nigeria eh.... Nobody is patriotic from up to down NOBODY! Just selfish Greed up and down!

Obj is patriotic..he loves Nigeria to a fault