₦airaland Forum

PigTormentor:
YOUR BUFFOONERY IS ALREADY COMPLETE. JUST KEEP IT MOVING ON.

bayelsaowei:
nonsense...

Your buhari ruled this country before probably you were born and he is here again..

Has the america you quoted borrowing monies made such kind of foolish mistake before? Has america ever voted for an incompetent indvidual twice in a lifetime?

Your foolishness and mumuness knows no bounds..

Nonsense

Kate06:
I pray all keeps getting worse so that their brain will reset.

I want oil price to go low as $5/barrel or less. Exchange rate to go pass $1=#600 so that we trading btc and working as freelancers can make huge monies after exchange.

Nonsense, as if I have ever benefited from this govt ever.

Let's learn how to make money and leave them to their misfortunes.

Time to trade Bitcoin & get some good profits.

I need just 10 people to join me with 100 euro each to get massive monthly profits from trading. Each investor will get as low as 100 euro profit at the end of each month guaranteed.

I made 74 euro profits last week & I have been making it weekly with just 500 euro capital.Quote post to start investing now.

Our members have started getting good profits already..

MISSCONGENIALITY:
Those set of people are the one keeping us here. The blame the past forgetting that the present leaders have always been there from the past and did nothing in past, still doing nothing in the present.

Simplyleo:
[s]Lol.

Very unfortunate.

This is the more reason we need to save for the rainy days.

However, enemies of the state have been keeping night vigil praying and fasting for a fall in national income so that Buhari and his family will starve to death, I think their prayers are gradually being answered. In their foolish view, a boom on the economy has little consequences on their lives because Buhari refuse to be sharing money house to house. Clowns.

Rather, they have been very prayerful for American economy to rise since that is the country whose economy has direct impact on them.

Let's wait and see how Buhari and his family will eventually die of hunger. I have never seen a collection of human beings with such degree of foolishness. [/s]

PigTormentor:
Glad you agree that you have no PROOF except insinuations and assumptions.

Pls list he loans for us and we can tackle each one at a time. Where do you think the govt is getting money from to finance all the capital projects that they have going on int eh country? When there's a shortfall in govt revenue, where do you think they will get the money from to compensate for the shortfall? Is there a country in the world that doesn't borrow? The US is the biggest borrower of funds in the whole world. Their next loan is 3 TRILLION dollars loan planed for this month. Capital projects take time to materialize, a rail line can take many many years to construct even in the most optimum situation. 4 years from now, most Nigerians will be glad with the level of capital project been undertaken right now.

The cost of PMS is the lowest in Nigeria and Angola in the whole of Africa. Just because oil is now selling for 10 dollars does not mean that the fuel you are buying today was refined from a 10 dollar par barrel oil. Oil is sold in FUTURE CONTRACTS- Which means the oil you are using today was more than like agreed to about 3 to 6 months ago. If the price of oil keeps going down and down then yes the price of fuel will also go down some more.
The sad part is that we have some many people that have been to school, but most lack the ability to seek facts, they just hear rumors and they take is as facts.

Simplyleo:
Lol.

Very unfortunate.

This is the more reason we need to save for the rainy days.

However, enemies of the state have been keeping night vigil praying and fasting for a fall in national income so that Buhari and his family will starve to death, I think their prayers are gradually being answered. In their foolish view, a boom on the economy has little consequences on their lives because Buhari refuse to be sharing money house to house. Clowns.

Rather, they have been very prayerful for American economy to rise since that is the country whose economy has direct impact on them.

Let's wait and see how Buhari and his family will eventually die of hunger. I have never seen a collection of human beings with such degree of foolishness.

Akpana3:
[s][/s]

PassingShot:
We are even lucky it's Buhari that's the president during this pandemic. Had it been it was one of them (the looting gang), a piece of tomato could have been N1,000.

Their party, the Poverty Development Party looted the country blind, brainwashed their supporters in believing that looting is a career. And now that things are being done the way they should be, they're crying all over the place.

The scammer they tried to sell to Nigerians in the last election has been sacking his employees, left right and center. People who couldn't manage abundant resources want to mange scarce ones!

Awon werey!


See someone who celebrates total failure of Jonathan and PDP' sixteen wasted years talking about mediocrity!

If I ask you to list PDP's achievements in sixteen years, you will start talking of GSM which only required the licensing of operators to achieve.

Awon audio achievers.

SocialJustice:
Oga clap for yourself, since you believe this government is great let's leave it at that. Even procurement specialists in the country agree to the waste that goes on from contract inflation.

I agree with the oil futures part, let's see where prices will go 2 to 3 months from now.

The scale of the looming financial crisis caused by the coronavirus pandemic has been revealed by Minister of Finance Mrs. Zainab Ahmed.

The Federal Government, the states and the local government councils have lost massive projected revenue which will affect their plans for this year.
Many states may be unable to meet their critical obligations, including payment of workers’ salaries, following the huge reduction in their revenue inflow from the Federation Account. The states expecting to share N3.3 trillion this year will not have more than N2.1 trillion.

The councils, which were projected to share N2.5 trillion will not get more than N1.5 trillion from the Federation Account.

The Federal Government’s share, which should have been N4.8 trillion will now be N2.4 trillion which is 50 per cent of the expected accruals, the minister explained.

She spoke during a citizens dialogue in Abuja, organised by the Ministry of Finance, Budget and National Planning in conjunction with United Kingdom’s Department for International Development (DFID).

The seminar discussed Nigeria’s response to the fall in oil prices and the COVID-19 pandemic.

The cut is in projection of revenue expected from oil and gas, Customs, and the Value Added Tax (VAT, she said.

According to her, the projected overall inflow into the Federation Account in 2020 is N8.6 trillion but what is expected now is N3.3 trillion.

The Custom’s projected revenue of N1.5 trillion has shownix to N1.2 trillion, VAT has gone down to N2 trillion from the targeted N2.1 trillion.

The worst-hit is the oil and gas intake which has dropped drastically from the projected N5.5 trillion.

The Budget 2020 oil price benchmark was set at $55 per barrel. The projected was review downwards to $30. Now it is going further down to $20 as oil prices continue the free-fall in the international market.
The other panelists were Prince Clem Agba, minister of State, Budget and National Planning; Mr. Ben Akabueze, director-general, Budget Office of the Federation, and Lade Jaiyeola, chief executive officer, Nigeria Economic Summit Group.

The minister of state said: ”We also expect that from about June, the States might begin to feel the effects of low revenue coming from oil and, therefore, might be having challenges in meeting up with obligations, especially the payment of salaries. To mitigate this, certain steps are to be taken.

“Of the $2.5 billion facilities from the World Bank, about $1 billion of it will be going to the States as loans. These are concessionary loans. Mr President has already approved N850 billion loan from domestic capital market.

“He has also approved $150 milion to be taken from the Sovereign Wealth Account in support of FAAC.

“We are also looking at suspending deductions in respect of the budget support funding which was provided to the States as a way of easing (burden).

“So, discussions are on with the CBN as to provide moratorium on the deductions in respect of the bailout loans.

“Already, N10billion has been given to support Lagos State; we also have additional provisions to cover the remaining 35 States and the Federal Capital Territory.

“We will ensure that about 5 million homes that are off-grid are provided with solar system. This is being driven from the Ministry of Power,” he stated.

“We are also looking at job creation for the youths. You are also aware that Mr President approved a thousand people to be employed within each local government. There are 774 local governments and this translates to 774,000 jobs across the country. This is going to be for three months starting from October.

”We are also providing additional financing to the Humanitarian Ministry for the cash transfers where one million additional household are being added.

“We are also providing support for small businesses, MSMEs, in order to ensure that jobs are protected and ensure that more jobs are created.”

He said that the Aviation sector would be assisted to stay afloat.

According to him, “We are also looking at how to support the Aviation sector. Like you know, a lot of planes are parked and this is causing almost N21 billion (loss) on a monthly basis. We are looking at how to provide some form of bailout support to ensure that the industry doesn’t die.”


https://thenationonlineng.net/gloomy-outlook-for-states-as-federation-account-falls/amp/?__twitter_impression=true

PigTormentor:
This govt just like all past and future govt is not perfect and cannot be perfect. There are many issues that i have with the govt especially in terms of security.
I also have issues with the lack of firing those that are incapable of carrying out their duties.
There are many problems with the govt but as far as I'm concerned, this ie most transparent govt so far in the history of the country.
Are there some in the govt that are stealing or will steal? Without a doubt there are and will always be. But you cannot compare the level of thievery that is going on now with what we used to have.
When this govt is out of power, whoever is in power should prob them eoiiin ven more than they are probing thr pdp right now.

PassingShot:
We are even lucky it's Buhari that's the president during this pandemic. Had it been it was one of them (the looting gang), a piece of tomato could have been N1,000.

Their party, the Poverty Development Party looted the country blind, brainwashed their supporters in believing that looting is a career. And now that things are being done the way they should be, they're crying all over the place.

The scammer they tried to sell to Nigerians in the last election has been sacking his employees, left right and center. People who couldn't manage abundant resources want to mange scarce ones!

Awon werey!


See someone who celebrates total failure of Jonathan and PDP' sixteen wasted years talking about mediocrity!

If I ask you to list PDP's achievements in sixteen years, you will start talking of GSM which only required the licensing of operators to achieve.

Awon audio achievers.

PigTormentor:
This govt just like all past and future govt is not perfect and cannot be perfect. There are many issues that i have with the govt especially in terms of security.
I also have issues with the lack of firing those that are incapable of carrying out their duties.
There are many problems with the govt but as far as I'm concerned, this ie most transparent govt so far in the history of the country.
Are there some in the govt that are stealing or will steal? Without a doubt there are and will always be. But you cannot compare the level of thievery that is going on now with what we used to have.
When this govt is out of power, whoever is in power should prob them even more than they are probing thr pdp right now.

Kate06:
I pray all keeps getting worse so that their brain will reset.

I want oil price to go low as $5/barrel or less. Exchange rate to go pass $1=#600 so that we trading btc and working as freelancers can make huge monies after exchange.

Nonsense, as if I have ever benefited from this govt ever.

Let's learn how to make money and leave them to their misfortunes.

Time to trade Bitcoin & get some good profits.

I need just 10 people to join me with 100 euro each to get massive monthly profits from trading. Each investor will get as low as 100 euro profit at the end of each month guaranteed.

I made 74 euro profits last week & I have been making it weekly with just 500 euro capital.Quote post to start investing now.

Our members have started getting good profits already..

Simplyleo:
Lol.

Very unfortunate.

This is the more reason we need to save for the rainy days.

However, enemies of the state have been keeping night vigil praying and fasting for a fall in national income so that Buhari and his family will starve to death, I think their prayers are gradually being answered. In their foolish view, a boom on the economy has little consequences on their lives because Buhari refuse to be sharing money house to house. Clowns.

Rather, they have been very prayerful for American economy to rise since that is the country whose economy has direct impact on them.

Let's wait and see how Buhari and his family will eventually die of hunger. I have never seen a collection of human beings with such degree of foolishness.

Kate06:
I pray all keeps getting worse so that their brain will reset.

I want oil price to go low as $5/barrel or less. Exchange rate to go pass $1=#600 so that we trading btc and working as freelancers can make huge monies after exchange.

Nonsense, as if I have ever benefited from this govt ever.

Let's learn how to make money and leave them to their misfortunes.

Time to trade Bitcoin & get some good profits.

I need just 10 people to join me with 100 euro each to get massive monthly profits from trading. Each investor will get as low as 100 euro profit at the end of each month guaranteed.

I made 74 euro profits last week & I have been making it weekly with just 500 euro capital.Quote post to start investing now.

Our members have started getting good profits already..

Simplyleo:
Lol.

Very unfortunate.

This is the more reason we need to save for the rainy days.

However, enemies of the state have been keeping night vigil praying and fasting for a fall in national income so that Buhari and his family will starve to death, I think their prayers are gradually being answered. In their foolish view, a boom on the economy has little consequences on their lives because Buhari refuse to be sharing money house to house. Clowns.

Rather, they have been very prayerful for American economy to rise since that is the country whose economy has direct impact on them.

Let's wait and see how Buhari and his family will eventually die of hunger. I have never seen a collection of human beings with such degree of foolishness.

Crownbefitsme:
https://thenationonlineng.net/gloomy-outlook-for-states-as-federation-account-falls/amp/?__twitter_impression=true

wink2015:
NIGERIA AS A NATION HAS BEEN LIVING IN SELF DECEIT. Not now, certainly not but right from Independence in the 1960s.

NOBODY WANT TO CREATE NATIONAL WEALTH.

STATES IN NIGERIA GO CAP IN HAND BEGGING THE FEDERAL GOVERNMENT FOR ALLOCATIONS.

STATES IN NIGERIA DO NOT WANT TO EXPLORE ALTERNATIVE SOURCE OF REVENUE IN A PRODUCTIVE AND SUSTAINABLE MANNERS.

States in Nigeria depends 100 per cent on money sourced from Niger delta crude oil.

Thanks to the Good people of the Niger delta region they use their crude oil to foot the bills of the government of Nigeria which they are still doing as at today with even the fall in the price of crude.

IT IS ABOUT TIME NIGERIA GOVERNMENT DIVERSIFY THE ECONOMY FROM CRUDE OIL BASED TO AGRICULTURE.

Let states in Nigeria work hard and contribute to their own development instead of waiting for the socalled "FREE MONEY"