₦airaland Forum

einsteino:
the govt had no desire to earn interest. it did that to grow the economy, money just sitting in cbn doesnt do much for us when compared to giving it to banks to do business and in turn grow the economy that govt earns taxes from. you have to look at the bigger picture here, it is like a stimulus. this was exactly what i faulted in the TSA, when u pull out trillions and just dump in the CBN, the economy would shrink.

vengertime:
you think you are still alive, but as a zombie you're gone already.

Rekyz:
Obama spoke though his media aid (Lai Mohamed), so I can't adhere to that write-up.

Rekyz:
He recognise and feels the efforts from America. Shebi him the follow you suffer? Ndiaraaaa!

fuckyoumhen:
CLO needs to realize that BUBU is DEAF

tuale4u:
Buhari is on point.

I actually i find it unrealistic when people say the govt should stop blaming the past.
We are suffering today, because the past never prepared for the future (today).

And also we are very unrealistic in our expectation that things can turn around suddenly.
it will takes us about ten years to diversify the economy. Diversification is not a switch you can just turn on or off.
it is a long painful process. We must understand this and work towards it.

All we talk about is dollar vs naira rate because we are still focussing on consuming imported tins.

We must look inward in our consumption pattern.

Blaming the past for the current economy woes does not in any way affect the performance of the govt. They can blame past govt while they work. it does not slow down progress in anyway. Actually it helps progress because it makes it easier for Nigerians to persevere and work hard for a better future.

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday blamed the high recurrent expenditure pattern in the 2014 budget on the increase in the salaries of workers.

The minister stated this in Abuja during the public presentation of the 2014 budget.

She said the salary increase, which was granted to various labour groups in 2009, had doubled the Federal Government’s wage bill from N857bn in that year to N1.72tn in 2013.

Okonjo-Iweala said following the continued demand for increase in salary by various labour unions, the huge wage bill would not be easy to adjust downwards.

According to her, any attempt to do this will amount to the sacking of workers, noting that the government was not in any way interested in retrenching the workers.

The minister said the huge allocation for recurrent expenditure this year was a source of worry to the government as this had reduced the size of funds available for investments in capital projects.

mamabomboy:
And some phoolish people will still support APC Rivers state and Judas Iscariot Amathief. It's obvious that this so called angels and saints want to bleed this country dry. Jonathan was the only thing standing between them and the nations treasury, but with him gone and senile, good for nothing General pretender in charge. We can kiss Nigeria goodbye. They will rape the country like a phoolish virgin female in an all male prison.

cuteboy2:
All the funds injected where? And the Minister of Finance is struggling to "guess" where the N2.2 trillion was spent on?

If you know where the "injection" was done, maybe you should help Kemi Adesosun out. Because she is obviously at sea as what the money was spent on.

kross01:
Kindly educate me, how much interest have Nigeria earned from the huge ones we've been keeping with the foreign financial houses since we started having foreign reserves.

blueto:
Very silly. here are the words of your vice president, signifying that activities of the NDA are Solely responsible for recession. [/url] so are you saying he is wrong, goofy and intellectually inept to have based the sole cause of the recession on the belligerency of the NDA??

Aufbauh:
What an incoherent and disjointed news item....

fulaniHERDSman:
He is retàrded from look of his picture. Even zahra wont return that kudi