₦airaland Forum

coolscott:
Do you realise this year's budget was the h-u-u-ugest in the history of Nigeria?
Go check out last year's figure and then check out this year's figure.

"H-u-u-gest" in dollar or Naira equivalent? Please answer.

coolscott:
[size=13pt]Number 9 got me.

And the pro-buhari supporters on this thread are dissapointing me with their contributions. Most of them do not even deserve a response.

If it was a less intelligent post, maybe some of those contributions would not look so bad.

To those saying there is no funding, inspite of the reduced earnings, this year's budget is the largest in the history of Nigeria, as it took a huge leap from what it was last year.
This administration's huge and creative borrowing on the China trip helped to make to make this happen[/size]

You barely understand how your govt sustained the value of dollar in the past. It did it in a subsidy-like manner and right now there isn't fund to defend the dollar. The budget you are calling highest ever is technically one of the lowest ever in terms of its purchasing power. Compare its dollar equivalent to that of last year and you will quicky see that you are the one posting comments that is hardly worthy of a reply.

opribo:
First thing first we need to strenghten and build a new mass re-orientation agency that will recreate the patriotic zeal and the unity of the country. Anybody who promotes hate in the country either through speech or writeup must be shot dead. Promotion of cross cultural exchange through marriage. Down playing of religion in our national polity but rather entrenchment of mutual respect. The president can only be stronger than a state governnor by the office they hold and not the resource generated from the state.

People from other places should be encouraged to settle anywhere peacefully. The rest are ok.

Do u realize the highlighted part requires heavy funding?
If yes, how do you suggest it be funded without attempting to recover looted funds?

Davesope:
musa ibrahim and fool that other idiot challenging what soludo said are u as learned as soludo please i have meet some educated northerners which i like there way of reasoning but you seem to be among the almanjiris what s the apc govt done that as maid impact on the countries struggling economy

I hope you aren't talking about me.

MrEverest:
Is this one of the zombies i've been hearing about? JUST NEGODU

The term "Zombie" is a relative term. It depends on who is assessing who.

I love that last paragraph. People tend to forget that the cost of governance and corruption rose exponentially.

midolian:
But it is right for the Senate to share billions of Naira and land cruisers even when Nigerians don't approve of it.

The thunder wey go strike all these our lawmakers ehn, e go rehearse on top their body b4 the final striking. Ben Murray bruce own go thick pass masquerade tree stem.

The much talked about $2.1b DasukiGate fund was given to us by US, I heard. Why did we accept it as a nation?

luvinhubby:
.Did you even read what was written?

I read and understand it. Did you understand it?

The man is speaking rotten grammar.
Is Buhari suppose to initiate Agricultural based Nigeria Got Tallent?
The main goal of this govt is to reverse the corruption trend in the system and it is acheiving that goal well enough. Diversification itself requires funding and we are all aware that the present govt met huge debt and recurrent bill that's backed and sustained constitutionally. If with excess money we couldn't diversify how on earth will it be possible with a debt ladden system? People should know that govts doesn't create jobs but creates enabling environment for job creators.

Almos all our leaders are cake eating robots. . .

kraftykc:
Well this is what I expect and I hope there is no needless padding drama anymore.

But this finance minister... I have no confidence in her anymore. I need to know how she is focusing the economy and stimulating it in the short term. I keep hearing about the construction and what have you, but if it isn't massive and concurrent it will not have the required impact.

She is performing positive wonders already and it will take a very discerning eye to spot and appreciate it.

IMASTEX:
laughable. I can see the diversification mode activated. Lol. From Niger Delta Oil to Northern Oil. BTW, It budget another name for APC or what?! Cause I haven't seen 2016 budget in operation. Except in the lives the APC,s.

As far as govt is concerned, it takes money to diversify, and I mean lots of it. Right now there isn't much money to service recurrent bill needs alone talkless of diversifying the economy.

Icecomrade:

2016 Budget was just a scam.

Think about it,

When was 2016 budget passed?

What percentage of the Budget has the government implanted so far? 10%, 20%? 30%?

How many more months do we have before 2017?

And they are talking about 2017 budget.
I don't care if you support APC government of not, the equation below summarizes them
APC= SCAM

You just rushed to type nonsense in red fonts. You empty talk won't work.

That's a serious government.

Enrichlee:
It wasn't exactly like this then. The parallel market didn't become something this widespread until buharinomics set in

parallel market helped the situation.

BeeBeeOoh:
This is not about wailers, this is about asking yourself, APC & Buhari how many of their campaign promises have they fulfilled??

.

Confessions of a true parasite.
Tell us exactly, wasn't it like that under you as a CBN governor?

Confessions of a true parasite.
Tell us exactly, wasn't it like that under you as a CBN governor?

kettykin:
Is the problem the north or the Christians ,we are well aware and quite aware to the fact that a government headed by someone who is supposed to be a christian WWith a vice who is equally supposed to be a christian under a chief of army staff who is equally supposed to be a christian and the GOC of 3rd Marine Commando who is equally supposed to be a christian and with majority soldiers who are majorly Christians supervised the worst form of genocide ever known in Africa, almost comparable to the Holocaust by starving 3 million women and children to death during the uncivil war of 1967.

Say NO to Drugs!

Jealousy of Tinubu rep is choking this older man.

When will fulani herdsmen be discussed.

If it connected to the alleged killings of muslims and tyranny against a muslim blogger in both states then Buhari is a core-northern President just the same way IB was an Ijaw one.

Any thing that aids mass scale production of either clothing, shelter, food, transportation, education or power component is always a welcome developement.
With this Nigeria should stop losing precious capital and forex to importers. These are the things that diversify the economy. Let all state govt follow this pattern and we will start earning more forex than oil can earn us in no time.

Jargon-jantis

Atleast with this kind of news Nigerians should forget about the burning of 8 innocent people quickly.
Con artistry at its best.

Reference:
Oga. Government has no business building refineries. Fuel is a product not a social service. Get over octane addiction. Government should only create a conducive environment, till the field for the seeds to be planted by the citizens. In the strict sense of it, government should only provide infrastructure. Oga. Refinery na infrastructure?, no be business again?

You can understand that as a child in nationhood government in the 70's and 80's did everything as a parent for the people but at a stage the boy has to become a man and leave home. At a stage the father has to become a grand father. At a stage daughter has to get a kitchen of her own to command. At a stage son will start to spend his own money buying stuff his parents may not like. What does dad do, it is not his money. At a stage Nigeria has grown to produce the richest man in Africa and many more billionaires, industrialists, entrepreneurs, executives, scholars, professionals, etc. Should the country continue to buy fuel for them, continue giving them or should they take responsibility to give back to society and country. TY Danjuma and co have been drilling oil for 20 odd years, some of them have refineries abroad and then they come home to buy cheap 'government fuel'. Is that right. Is is right for a man to be in his father's house eating his mother's food at 50 when he has a job. Haba. Abeg rethink. We are not as useless as you make us to be. Government has no business building refineries 60 years after independence and 50 years after oil became mainstay.

Please don't forget that our govt gets 52% of our earnings as a country. Truly fuel isn't a social service but our govt failed us by not stepping in after she failed woefully to provide the right environment.

Reference:
Then you downsize to what you can afford but what is the government doing, further employment: CBN, FIRS, Immigration, Police, etc. Instead of getting smarter it is the same old profligacy. What do you expect. If Nigeria was a business, your business, will you increase staff when your sales are down. Will you not find the technology to slimfit into your earnings. Unmitigated expansion in times of abundance is reckless, in times of want is just crazy. No wonder they hate the IMF and its austerity message so much, they hate the truth yet are crying and finger pointing. Who cares about what the past administration earned. You might as well go back to Gowon to ask what the size of the civil service was.

I repeat again, if the next administration is faced with an oil price of 15 to 20 dollars, will it be right to crticize the present one. Am waiting for credible answers.

The number of staff being indirectly imposed on FG by states easily dwarfs anything the FG can erroneously impose on itself. It seem you forgot that between the time of $15-20pb of oil and now Yar'adua govt increased FG staff salary, lawmakers at Abuja and almost all states increase their pay. The sole fact that the previous admin was borrowing to pay salaries at $55pb of oil and the current admin isn't borrowing at $45pb- of oil has already given this admin good score mark.

Reference:
What if another leader comes in 2019 and oil trades for 20 dollars, won't people say the same thing about Buhari, refineries, debts and savings. And believe me, oil once sold for 13 dollars not too long ago. Up and down, left and right, have Nigerians learnt anything. You guys and silly, pointless arguments.

If Buhari wants to build a refinery he can take a loan and start building one tomorrow. Jonathan could have built a refinery at any time during his tenure but the consensus then and now is that government is not in the best position to operate them in the long term and the nation could not continue to subsidize consumption if it was interested in development. That is why even subsidy is ended. The petroleum industry has not failed, it is succeeding. The changes we see though painful are for the better.

What was govt wage bill then?

tuniski:
With Dangote refinery coming on board there is hope. All the noise about our taste for foreign goods is smoke screen. The real forex pressure comes from govt failure on refining petroleum products locally : govt taste for Foriegn petroleum products!

How many of the ignoramus parading this forum understand this? Don't call it govt taste for foriegn petroleum product? It is like that due to lack of will of past govt who kept telling us govt has no business building refineries.

If you ve work in a family business where promotion is by "who you kill?" A.K.A. "Who you help?" then you know that ambience matters.