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Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA (66080 Views)

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Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by solmus: 1:50pm On Mar 06, 2020
Bobbyfreshh:


Shut it all this broke online nonentities sef

banning is just hungering this one.. the last one I sent you on isn't enough
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by miracleedwards: 1:50pm On Mar 06, 2020
Witcher:
Most read
Speech as Nigeria Military Head Of State (1983)
Muhammadu Buhari

In pursuance of the primary objective of saving our great nation from total collapse, I, Major-General Muhammadu Buhari of the Nigerian army have, after due consultation amongst the services of the armed forces, been formally invested with the authority of the Head of the Federal Military Government and the Commander-in-Chief of the armed forces of the Federal Republic of Nigeria. It is with humility and a deep sense of responsibility that I accept this challenge and call to national duty.

As you must have heard in the previous announcement, the constitution of the Federal Republic of Nigeria (1979) has been suspended, except those sections of it which are exempted in the constitution. The change became necessary in order to put an end to the serious economic predicament and the crisis of confidence now afflicting our nation.

Consequently, the Nigerian armed forces have constituted themselves into a Federal Military Government comprising of a Supreme Military Council, a National Council of States, a Federal Executive Council at the centre and State Executive Councils to be presided over by military governors in each of the states of the federation. Members of these councils will be announced soon.
The last Federal Military Government drew up a programme with the aim of handing over political power to the civilians in 1979. This programme as you all know, was implemented to the letter. The 1979 constitution was promulgated.
However, little did the military realise that the political leadership of the second republic will circumvent most of the checks and balances in the constitution and bring the present state of general insecurity.

The premium on political power became so exceedingly high that political contestants regarded victory at elections as a matter of life and death struggle and were determined to capture or retain power by all means. It is true that there is a worldwide economic recession.
However, in the case of Nigeria, its impact was aggravated by mismanagement. We believe the appropriate government agencies have good advice but the leadership disregarded their advice. The situation could have been avoided if the legislators were alive to their constitutional responsibilities. Instead, the legislators were preoccupied with determining their salary scales, fringe benefit and unnecessary foreign travels, et al, which took no account of the state of the economy and the welfare of the people they represented.

As a result of our inability to cultivate financial discipline and prudent management of the economy, we have come to depend largely on internal and external borrowing to execute government projects with attendant domestic pressure and soaring external debts, thus aggravating the propensity of the outgoing civilian administration to mismanage our financial resources. Nigeria was already condemned perpetually with the twin problem of heavy budget deficits and weak balance of payments position, with the prospect of building a virile and viable economy.

The last general election was anything but free and fair. The only political parties that could complain of election rigging are those parties that lacked the resources to rig. There is ample evidence that rigging and thuggery were relative to the resources available to the parties. This conclusively proved to us that the parties have not developed confidence in the presidential system of government on which the nation invested so much material and human resources. While corruption and indiscipline have been associated with our state of under-development, these two evils in our body politics have attained unprecedented height in the past few years. The corrupt, inept and insensitive leadership in the last four years has been the source of immorality and impropriety in our society.

Since what happens in any society is largely a reflection of the leadership of that society, we deplore corruption in all its facets. This government will not tolerate kick-backs, inflation of contracts and over-invoicing of imports etc. Nor will it condone forgery, fraud, embezzlement, misuse and abuse of office and illegal dealings in foreign exchange and smuggling.
Arson has been used to cover up fraudulent acts in public institutions. I am referring to the fire incidents that gutted the P&T buildings in Lagos, the Anambra State Broadcasting Corporation, the Republic Building at Marina, the Federal Ministry of Education, the Federal Capital Development Authority Accounts at Abuja and the NET Building. Most of these fire incidents occurred at a time when Nigerians were being apprehensive of the frequency of fraud scandals and the government incapacity to deal with them.

Corruption has become so pervasive and intractable that a whole ministry has been created to stem it.
Fellow Nigerians, this indeed is the moment of truth. My colleagues and I – the Supreme Military Council, must be frank enough to acknowledge the fact that at the moment, an accurate picture of the financial position is yet to be determined. We have no doubt that the situation is bad enough. In spite of all this, every effort will be made to ensure that the difficult and degrading conditions under which we are living are eliminated.
Let no one however be deceived that workers who have not received their salaries in the past eight or so months will receive such salaries within today or tomorrow or that hospitals which have been without drugs for months will be provided with enough immediately. We are determined that with the help of God we shall do our best to settle genuine payments to which government is committed, including backlog of workers’ salaries after scrutiny.

We are confident and we assure you that even in the face of the global recession, and the seemingly gloomy financial future, given prudent management of Nigeria’s existing financial resources and our determination to substantially reduce and eventually nail down rises in budgetary deficits and weak balance of payments position. The Federal Military Government will reappraise policies with a view to paying greater attention to the following areas: The economy will be given a new impetus and better sense of direction. Corrupt officials and their agents will be brought to book.

In view of the drought that affected most parts of the country, the federal government will, with the available resources, import food stuffs to supplement the shortfalls suffered in the last harvest.
Our foreign policy will both be dynamic and realistic. Africa will of course continue to be the centre piece of our foreign policy. The morale and combat readiness of the armed forces will be given high priority. Officers and men with high personal and professional integrity will have nothing to fear.

The Chief Justice of Nigeria and all other holders of judiciary appointments within the federation can continue in their appointments and the judiciary shall continue to function under existing laws subject to such exceptions as may be decreed from time to time by the Federal Military Government. All holders of appointments in the civil service, the police and the National Security Organisation shall continue to exercise their functions in the normal way subject to changes that may be introduced by the Federal Military Government.

All those chairmen and members of statutory corporations, parastatals and other executive departments are hereby relieved of their appointments with immediate effect.
The Federal Military Government will maintain and strengthen existing diplomatic relations with other states and with international organisations and institutions such as the Organisation of African Unity, the United Nations and its organs, Organisation of Petroleum Exporting Countries, ECOWAS and the Commonwealth etc. The Federal Military Government will honour and respect all treaties and obligations entered into by the previous government and we hope that such nations and bodies will reciprocate this gesture by respecting our country’s territorial integrity and sovereignty.
Fellow Nigerians, finally, we have dutifully intervened to save this nation from imminent collapse. We therefore expect all Nigerians, including those who participated directly or indirectly in bringing the nation to this present predicament, to cooperate with us. This generation of Nigerians, and indeed future generations, have no country other than Nigeria. We shall remain here and salvage it together.

May God bless us all. Good morning.
The speech is fresh like it's was today.
AND THIS GOVERNMENT IS THE DIRECT OPPOSITE OF THIS SPEECH TODAY. CHNAGE IS RRULY CONSTANT

1 Like

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by awetaiye2015: 1:50pm On Mar 06, 2020
The most interesting thing about this loan of a thing is that 90% of the spending is on the north. In real sense, it's a loan to develop the north. But as it always ends up, they will still remain under developed.
Clueless government...

5 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by solmus: 1:50pm On Mar 06, 2020
SoNature:


Like really?

How old are you?

check figures and statistics and don't ask me silly question
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by jaxxy(m): 1:50pm On Mar 06, 2020
This government and even the one b4 are fantastically wasteful. Spending money on stupid things that we can’t see the effects of it years after.


Imagine $500m for NTA that nobody watches in these hard times.

2 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 1:53pm On Mar 06, 2020
No single tangible project in the south east?

And we have reps and senators

Smh

5 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Nobody: 1:54pm On Mar 06, 2020
XANDERBOY85:
See why Senator Abaribe wanted a breakdown of how the entire loan would be spent! Can anyone in all honesty say this rubbish is fair to the south-east? Besides a $50 million vocational training centre that touches all regions of the country, and one or two general/national spendings, the south-east gets nothing else! But look at other regions, and see how they compare: in some instances, specific/stand-alone projects worth multi-millions of dollars are targeted for specific states! States like Kaduna, Taraba, Kogi as well as regions like south-west/north-west and south-south (east-west road and railway) were specifically mentioned!

Can neutrals now see why Igbos are fed up with this divisive, vindictive and bigoted Buhari gov't? Let no efulefu Igbo bastard in APC come and tell me Igbos are faring better under this evil regime and we should roll out the drums in celebration!
YOUR BRAIN HAD BEEN CONFIGURED TO ALWAYS PLAY THE VICTIM.WHAT ABOUT ALL THOSE PROGRAM THAT ARE NATIONAL.ARE SOUTH EAST NO LONGER PART OF THE NATION.
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by ZaramT: 1:55pm On Mar 06, 2020
solmus:


grin we would marginalize you till year 3023, besides you cant you see East-West road.. and we know your dream as an ibo man is always to cross river niger and come to the west to hustle


Must you show how dumb and stupid u are?

6 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by polite2(m): 1:56pm On Mar 06, 2020
Why this massive loan ?? Wat happened to all the billion dollars recovered from Abacha's loot. And all other funds recovered .



Buhari

1 Like

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 1:56pm On Mar 06, 2020
Gnaeusmagnus:


Good points.

But for now, the reality is that oil prices have been below what we need it to avoid borrowing since 2014, and won't be going up anytime soon.

So we borrow, or we would be in an even worse state.

Sadly as you said, the current government isn't thinking about how to get us off oil.

The government has to stop being wasteful

1 Like

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Bobbyfreshh(m): 1:56pm On Mar 06, 2020
solmus:


banning is just hungering this one.. the last one I sent you on isn't enough

Well not everyone is jobless....or have time to create multiple monikers just to troll ....get a job young man and get busy with life

6 Likes 1 Share

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by solmus: 1:56pm On Mar 06, 2020
ZaramT:


Must you show how dumb and stupid u are?

tell that to the people who failed to train you
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by simo4real(m): 1:57pm On Mar 06, 2020
Act of all this money no amount was mention about cleaning of Ogoni land in Rivers state which is being polluted by oil spillage from oil and gas company around there, and people over there are suffering, no drinkable water, all the fishes has gone, no good soil for their agricultural activities, no source of livelihood, and then all their mineral resources are been use to develop other states leaving them with nothing but suffering.

9 Likes 2 Shares

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by solmus: 1:57pm On Mar 06, 2020
Bobbyfreshh:


Well not everyone is jobless....or have time to create multiple monikers just to troll ....get a job young man and get busy with life

then stop quoting me and face your so called job if you truly have one
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Bobbyfreshh(m): 1:59pm On Mar 06, 2020
solmus:


then stop quoting me and face your so called job if you truly have one

Not when you litter this forum with your gibberish..... Get a job solmusdesigns

5 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Ngcrooks(f): 2:00pm On Mar 06, 2020
SEE THIS SHOCKING PHOTO OF BIG SNAKE THAT HELP THIS LITTLE BOY https://netxclusive.com/
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Ifyz0001: 2:02pm On Mar 06, 2020
What do they use our yearly National budget for?

Money miss road Walai..

1 Like

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DSoj(m): 2:02pm On Mar 06, 2020
Ausrichie:

Bros the money too long na. We are feet deep in depth and some useless politicians will still loot the money, borrowed money on top.

Which country is not owing debts? Even China we wanna borrow from is owing?
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by ZaramT: 2:02pm On Mar 06, 2020
solmus:

tell that to the people who failed to train you
ooh congratulations Well trained zombie.

4 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by KEVIND: 2:02pm On Mar 06, 2020
simo4real:
Act of all this money no amount was mention about cleaning of Ogoni land in Rivers state which is being polluted by oil spillage from oil and gas company around there, and people over there are suffering, no drinkable water, all the fishes has gone, no good soil for their agricultural activities, no source of livelihood, and then all their mineral resources are been use to develop other states leaving them with nothing but suffering.

The North is too greedy (70% of the loan is for the North). The funny aspect is that resources from the Niger delta will be use to pay back 90% of the loan.The North will contribute absolutely nothing to the repayment plan embarassed embarassed embarassed

9 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 2:03pm On Mar 06, 2020
djon78:


That's the thing about this country.
How in the world do you think a nation will move forward when injustice like this is done?

But God always have a way to fight for the marginalized.
Look at Nigeria going to almost 60 years as a nation, but still revolving round the same spot.

Irrespective of whatever, the igbo man is still blessed.

I believe it's time our leaders in the East begin to ask themselves honest question. Come together and source for funds as a regional block to develop our region.
We can pull funds to develop our place, in fact we shouldn't be depending on central government for development.


The only people we should blame are the idiots we send to the national assembly

Imagine if each of them come as a block on the floor house and senate alike and DEMAND on tape certain things for our region

They will not do that

And due to sentiment, we will be hailing and supporting them.

3 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by SenecaTheYonger: 2:04pm On Mar 06, 2020
solmus:
stop telling lies, Isreal isn't the top in military might of middle east, they don't have the largest gdp or per capital so stop telling lies



America's military is also for Isreal. They're the closets alies you can find. American soldiers have fought and died for Isreal coutless time. Although the person you quoted didnt even say Isreal had the top Military might in ME, but I'm here to tell you that they do.

5 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 2:04pm On Mar 06, 2020
simo4real:
Act of all this money no amount was mention about cleaning of Ogoni land in Rivers state which is being polluted by oil spillage from oil and gas company around there, and people over there are suffering, no drinkable water, all the fishes has gone, no good soil for their agricultural activities, no source of livelihood, and then all their mineral resources are been use to develop other states leaving them with nothing but suffering.

Another sad thing
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 2:05pm On Mar 06, 2020
solmus:
stop telling lies, Isreal isn't the top in military might of middle east, they don't have the largest gdp or per capital so stop telling lies



They actually do.

They have done a good job in keeping the barbarians from over running them in the Middle East

4 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Fortyfifty(m): 2:05pm On Mar 06, 2020
Buhari scammer

3 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by sulaak(m): 2:05pm On Mar 06, 2020
oz4real83:
The total is still not up to the proposed loanundecided Out of over $22b, this govt intends spending $500m on education. That shows the value they placed on education. Also check the intended spending on health, less than $100m. They are spending less on health and education because they still want a reason they and their families will continue going abroad.

Education funding should be coming out of government taxation. Majority of the funds can be generated by taxation.
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by solmus: 2:06pm On Mar 06, 2020
SenecaTheYonger:


America's military is also for Isreal. They're the closets alies you can find. American soldiers have fought and died for Isreal coutless time. Although the person you quoted didnt even say Isreal had the top Military might in ME, but I'm here to tell you that they do.

Saudi, UAE, Kuwait, Bahrain all have more sophisticated US military base and are US ally just like isreal so what is he braging about

1 Like

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 2:06pm On Mar 06, 2020
obailala:
Why must every thread on this forum and every discussion in Nigeria always degenerate to tasteless inter tribal war? Why must people always drag their foolishness everywhere? What's wrong with Yorubas and Igbos?

Its shameful
Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by Nobody: 2:06pm On Mar 06, 2020
They say they want to diversify the economy and focus primarily on agric. but the total amount devoted to agric is less than 3%. the amount devoted to NTA is more than half what they are devoting to agriculture. Of what benefit is NTA to anybody?

Is anybody s=going to be shocked if in 20 years there is nothing to show in agriculture and we are still closing borders to help local farmers?

4 Likes

Re: Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA by DexterousOne(m): 2:07pm On Mar 06, 2020
solmus:


Saudi, UAE, Kuwait, Bahrain all have more sophisticated US military base and are US ally just like isreal so what is he braging about

The IDF and Mossad has been doing an amazing job cool

Dealing with those punk ass barbarians

2 Likes

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