Obiagelli:
Officially, Nigeria exports 2 million barrels of crude oil
daily. At the current price of 60 US dollars per barrel, that
translates into 120 million US dollars.

120 million x 365day = 43,800,000,000

43 billion dollars @ 60% ( rumoured sharing formula between Nigeria and oil companies)

That means Nigeria makes 25.8 billion dollars annually.

$25.8 billion x 200 naira = 5.1 trillion naira.


Nigeria's 2014 budget was N4.6 trillion meaning we still have about 0.5 trillion naira change.
www.channelstv.com/2014/04/09/nigerian-senate-passes-4-6-trillion-naira-2014-budget/


FEDERAL INLAND REVENUE

Nigeria generated N4.69tn Revenue in 2014

www.thisdaylive.com/articles/firs-generates-n4-69tn-revenue-in-2014/200484/

Adding N4.69 trillion (firs) + 5.1 trillion (crude oil) = 9.79 trillion.

If our budget was N4.6 trillion then we have a balance of 5.1 trillion naira that nobody accounts for.

Barcanista asked where we will find 1.8 trillion to take care of our most vulnerable citizens, this balance of 5.1 trillion will be taken away from the pockets of criminals and militants.

Seun
Lalasticlala
Ishilove
MizMyColi
MzJackBaueress.

EDIT.


I forgot the FG gets 52% of total income, even at that we have a balance of 0.6 trillion naira which is sufficient for the first stage of the social programs.
The APC government has said one of its major income earners is the mining industry.

This plans with financial discipline is very much achievable.

Please note that my analysis is based our major source of income ( oil and taxes), i have not touched other income earnings.

Lolz

Obi, I like you so I would be kind. Plzzz, reread what you just wrote here and modify. I'm fact, rewrite everything.


CLUES when rewriting:
----Nigeria and the Oil companies only share the PROFIT from the Crude Oil sales after the Cost for the exploration, exploitation, storage, transportation, etc have been removed
---- This Share of the Oil Profit goes to the 3 tiers if Govt, and not just the FG
----- Most of the revenue that FIRS raise in a year come from taxes (royalties, production sharing fees, etc) from these same OIL COMPANIES, and so indirectly still come from the Profit of Crude Oil sales. It is therefore wrong to calculate it as though it is a stand-alone revenue source
--- Amongst others


The truth id that none of you chaps has even the slightest clue how to respond to that painstakingly well researched OP from barcanista. FULL STOP. We expect the main APC guys to tell Nigerians HOW they intend to fulfill the many promises they made during the campaigns. Apparently, they 'forgot' to do so before now

Greatings

Wait APC said GEJ spent 2 trillion naira for elections??
As in 2 trillion naira ?? Do they know what 2 trillion is?? How much us the entire FG budget again, and how much does Nigeria make in a single year??

And any sane person believes this??

Bwahahahahahaha........

Just finished reading the entire thread and Am still waiting for ANY intelligent counter to barcanista 's OP.

Has anyone seen any??

SLIDEwaxie:
as usual, u be mumu.



Now, ds is the deal, 1.8 trillion is feasible and it cld be realised.

Stop ranting for attention.
Nigeria produces nothing less than 2.5milluobarrel of oil daiky, minus the ones ur mentor steals with his crek guys. Now, 2$ from each barrels will give u $5,000,000 per day. Multiply with 30 days u av: $150,000,000 which is roughly 30billion naira per month.

Now, if u curtail theft from ur brothers and maybe mark up $10 per barrel for this arrangement, u will be able to pay 25million people per month.

Now, like I said, it is a stupid idea but it cld be done.

Lolz

Realli?? Did you just produce all these outa ya Azzzz or wat??

bishop4APC:

This barcanista is a bonified mumu, do you know how much oga jona dashed out for his re-election bid, oga jona dashed out 20 trillion naira for election campaign and you are here talking of 1.8trillion naira which is chicken change.

Reali?? 20 trillion naira for elections??

OLODO

barcanista:
1. Buhari/APC To Pay 25m Unemployed N5000 Per Month
Cost Implication:
The implication here is that the sum of N125billion (ie 25million * N5000) will be spent to service this policy every month, and an estimated N1.5 trillion (ie N125bn * 12 months) will be spent on this policy alone every year.

2. Buhari/APC To Provide Daily Meal for Primary School pupils.
First, the FG has no business with the running of Primary schools. This is the responsibility of States and Local Government. However, Buhari's administration pledged to provide at least one meal per day for Primary school Children, we shall hold him accountable.
Cost Implication:
Osun State reportedly spent N3.2billion in 2014 for the feeding of 300,000 primary 1 to 4 pupils in the state. The Osun state program exclude pupils in Primary 5 and 6. If we are to break it per pupil, we will have N10,667 per pupil(ie 3.2b/300k). Considering that over 35million children are estimated to be enrolled in Primary school across the country, at least the sum of THREE HUNDRED AND SEVENTY THREEE BILLION (N373b) is estimated to be spent on the program annually(ie 35m * 10,667).

Gross Annual Estimated Cost For Both Programs
N1.5trn + N373b = N1.873trn

That means Buhari is to increase our Recurrent Expenditure by N1.83trn.

How Feasible Are These Programs?
Let us take a look at the key component of the 2015 Budget(as adjusted by the Senate).
Total Budget Stand at N4.3trn.
Recurrent Expenditure: N2.58 trillion
Capital Expenditure: N700 billion

From where will Buhari See N1.8trn To Service His Social Programs?
- Remove Subsidy? If he's thinking of scrapping fuel subsidy, the adjusted allocation for petrol subsidy in 2015 budget is N100billion. The adjusted allocation for SURE-P is N21b, while the subsidy for kerosene for 2015 was adjusted to N45.5b. This gives a total of N166.5b.
Even if he should scrap SURE-P and remove the petrol and kerosene subsidy, he still won't be able to get 1% of the N1.8trn.

- Spend All Capital Expenditure + Subsidy? Even if Buhari is to spend all our N700b Capital Expenditure on his Social program in addition to the N166.5billion subsidy funds, it still won't be enough as it will fall short of One Trillion Naira.
N700b + N166.5b= N866 billion

- Money Appropriated To NASS? The total budget for the National Assembly for 2015 is N115b. Even if Buhari is to spend this money + subsidy allocation + Capital Expenditure to fund his program, he won't be able to raise the required fund. As all appropriation combined stand at N981billion(ie N700b + N115b + N166b)

So How Does Buhari intend to raise N1.873trillion to fulfil this social welfare pledge? Does this mean the administration has failed even before starting? Dead on arrival?

Hahahaha......

Na this one dem dey call: It is FINISHED!!!

barcanista even though I have been very cautious of you since your 'conviction', I would just like to let you know that I like Intelligent chaps. And you are Intelligent. Very.... Kudos

luvinhubby:
The main issue is that anti GEJ media houses like Sahara reporters were appalled by the way GEJ was celebrated locally & globally for his nobility in defeat, which is very strange & absolutely unusual in our political clime. An action that took the shine off Buhari's victory & they are looking for possible means to rubbish it, inluding the 'jega kidnap' story.

I believe in Nigeria & our march to greatness, together we will get there. But let's celebrate persons like GEJ that will do things the unusual way for the greater good of the nation so as to encourage others tow same line.

#nigeriashallbegreatagain.

Gbam!!!

Thank you very much for summarizing it so succinctly

lanrefront1:


There was no way Jonathan could have tried the illegality he did with Sanusi with Jega. The matter involved in Jega's case is is a sensitive matter that cannot be toyed. He did make attempt and was advised to do so, so it wasn't as he didn't want too. But if he tried it, the country will boil. And whatever happens in the aftermath, ICC will hold him responsible and be looking for a way to arrest him as long as he lives.

Plzzz, SHUT it.

I don't have then time to debate with half-witted minions K?? You had previously claimed the President could not have removed Jega if he really wanted to cos of the 2/3 thing. When you were reminded that that was the same thing you chaps said for Sanusi until he was removed, you remember the word 'sensitivity'.

Idiiots!!

proudlyhandsome:


For you to know the level of pressure on Jonathan, Former president Abubakar and others are there in Aso Rock with Jonathan when the election result was being reeled out.

They were in Aso Rock so as to prevent his wife and other people like Orubebe and Edwin Clark to advise him wrongly.

LIE. They were NOT in Aso Rock at that time. That Pic that was circulated was taken days before the collation of the results

lanrefront1:



Please stop misinforming people with your misxheavousness; or maybe it's ignorance but I doubt it. The head of INEC its not just and ordinary public servant. According to the constitution, INEC boss can only be sacked by a 2/3 majority of the National Assembly.

And no, the President does not have the power to tell Jega to proceed on terminal leave. It's up to Jega to decide if he wants to or not.

The same way the constitution and d CBN Act says the President cannot remove the CBN Gov except by 2/3 majority of the NA, right

Anybody that believes this concoctious stringing together of words by SR is welcomed to do so. That is what HATE does to people after all.

sCun:
I just took a look at some of these guys previous posts to see their reactions prior to and after the 2011 elections.
I found some prophecies!

April 15 2011

I know the OP out of hypocrisy wouldn't agree with the bold part today, but men, how true did that turn out?

Old Gbawe, is a Bladdi HYPOCRITE. His is very well known for this attribute here since 2006. Your archaeological work just proved it again.

This 'prophecy' as cold as it is, was the plan all along, and unfortunately came to fuition.

stanech:
I no know who lie pass btw devil and apc.

I know Satan is the father of all liars but APC impregnated the wife of satan

Bwahahahahahaha....

I haff died

jimi4us:
I heard buhari and lie Mohammed have started denying all their campaign promises. if they take away the promise of feeding our primary school children in Nigeria every school day as they promise, raining season is around the corner, and it comes with a lot of thunders.

This latest madness in SA started after the King of Zulu land told his subjects that they should not wait for the Govt to act b4 they took care of the 'foreigners in their midst who were taken their jobs'. It was the scapegoating of a group of people by the highest traditional authority in Kwa-ZuluNatal that is partly responsible for the latest killings.

So those people who were somewhat rationalizing that irresponsible statement and scapegoating of a group of people by that TOUT of an Oba of Lagos ISLAND would perhaps now get a little understanding of why some of us where completely hostile to those comments and all it represented.

I hear some people are getting ready to take the irresponsible King of Zulu to ICC for Crimes against Humanity. I wish them God's Speed

Hahaha....

So these Clowns wanted to 'impeach' both Fayose and the Deputy sef. So that the APC Speaker can become Gov abi??

What ya cannot get through the ballot box, you can Gerrit from Thiefery, abi?? THIEVES

APC awon Oloshi

Gbawe:


You clearly have comprehension issues. Where did I talk of the number of Ministers? I made it clear OBJ shrunk federal Ministries for the purpose of reducing cost while GEJ increased them to increase cost considerably as several authoritative studies concluded!!!! Furthermore, my consistent argument remains that Buhari can move, through a constitutional amendment, to achieve what he seeks because the law is not designed to be an impediment to man. This is the reality worldwide.

It is folks like you that seem to assume otherwise because you live in a Country where crooks deliberately hide behind the constitution and extant law to explain why our recurrent expenditure is above 70% of total budget while it is less than 10% in many developed Nation. My friend, the way we speak send signals to our leaders. Continuing to accept and defend their excuses gives them the green light to continue stealing with their 80% to 20% ratio. I.e 80% for them and 20% or less for Nigerians. Buhari and the APC should move aggressively to achieve the constitutional amendments that will make possible every measure to cut cost so that capital spending can be augmented massively at the expense of recurrent expenditure.

The point is that PDP presidents already varied nomenclature and Ministerial hierarchy dubiously , even swapping between substantive ministerial appointees for state positions, to get what they want. Do you then think it is so hard or impossible , if a determined President with the political will, wishes to pursue an amendment to do away with Minister of State especially when this is what Nigerians, i.e those with the power, really want? Better accept that things will "change" under Buhari because Nigerians voted for him to bring "change" and not to offer excuses as GEJ did which then led to Nigerians voting him out. Buhari only needs the legislative arm, unaffected by Ministerial changes, to get behind him. You guys may not be happy to concede so but the finest brains, who know how to negotiate and win, are already in Buhari's corner. Even the non-sagacious GEJ got a lot of concession out of our legislature regularly, to include most recently the morally reprehensive 'bow and go' used to confirm Obanikoro a Minister by a majority PDP legislature led by a PDP Senate President, so I don't know where you people get your ideas of legislative rigidity from.

Oh!! Dear God!!! Someone should Plzzz save this Clown from his many miseries. Abeg.

Gbawe, Plzzz SHUT FHUCCK UP abeg. You are too old to be making a fooool of yaself in public forum like this.

Gbawe:


Another empty and ethnocentric olodo insulting others yet not bright enough to realise he is the ignorant oaf unable to note he is talking totally out of context of "marginalize the SE & SS states". Look above. Perhaps you need to visit OBJ at his Ota farm so he can explain how he reduced Ministries to 16, from 22, while GEJ increased them to 42.

What could be more indicative that things are not as rigid as crooked leaders like GEJ make you believe and what else do your oppression-destroyed and ethnocentric eyes need to see to note that they are mainly hiding behind the "constitution" excuse to continue enriching themselves, their friends, their cronies, AGIPs and political jobbers like Obanikoro who know nothing else in life but political office? You are nothing but a silly 'prisoner' who is "suffering and smiling" while holding brief for his jailer and oppressor. I can only pity you.

Tai!! You Bladdi, Shameless LIAR/PROPAGANDIST!!

when did GEJ increase the No of Ministeries to 42? You mean we have 42 Ministeries in Nigeria currently??

Do you even know the difference between a Minister and a Ministry?? OLODO

nduchucks:


As we know, the process of amending the constitution is a very long one.

Now, if the positions of Minister of state are not filled or provided for in an annual budget and the NASS approves the said budget, then there will be no Ministers of states for the said year. Existing Ministers of state can be given the option to retire peacefully or fired after auditing their ministries . None of them can survive a real audit.

I'm sure other more effective workarounds can be found as an interim solution until the constitution is amended.

Ndu, is that how you guys intend to rule us?? To circumvent the Constitution at will and under the pretense of achieving a 'higher' purpose?? Just like a lot of prople feared in a BUHARI-CUM-APC Govt.

The tangs are Ben laid bare too soon, don't you think do??

Gbawe:


Mumu, I know precisely what I am talking about but you are too unintelligent and too much of a tele-guided robot, operating on a software written by PDP programming language call "excuses 101", to know how Political leadership, especially as required to birth an age of reform, works. Keep talking impotently and you will soon see what I am talking about which is currently above your level of intellect.

Bla bla bla bla bla....................

Michdear:
you are very clueless my dear,must we have 36 ministerial portfolios?

YES, dear. It's call the Constitution of the Federal Republic of Nigeria. Ever heard of it??

It seems you are the one clueless here, dear.

By d way, I like your Pic @dp

Gbawe:


Don't mjnd the repellent imbec1le. These elections, and the behaviour of some folks thereafter, has shown that some people hate Nigeria and want her to fail. They will just talk malevolently, insultingly and unintelligently against everything The APC government is considering even when these happen to be the right policy drive which must be implemented if Nigeria is to make progress as a nation. Of course there has to be fundamental changes to how things are done. It is either that or Nigeria fails. When the Cameron government gained power in the UK they initiated far reaching cost-cutting reforms that affected sectors that had been virtually untouched for decades !!! No one talked of any constitution or such garbage because of the consideration that in progressive countries the Dog wags the tail and not the other way round. I.e man controls the law, for his own benefit, and not the other way round.

The law and even the constitution cannot be allowed to become an impediment to a nation's progress. The reason this is so in Nigeria's case is because the PDP, since 1999, enjoyed hiding behind the constitution as the reason it can never act in Nigeria's favour whereas the truth is that the PDP, when it fully can, fails to act to secure certain fundamental changes because this will work against the profligacy and waste its members benefit from. Even GEJ called "weak" bullied the legislators when he had to. We remember our legislators saying that GEJ should reverse fuel subsidy removal because they are representatives of Nigerians who had been instructed by Nigerians to reject the unpopular policy. Did GEJ not brush them aside with ease to have his way?

I personally cannot be bothered arguing with anyone about " ccnstitutional limitations and provision" because I know those are scams the PDP has perfected since 1999. Osinbajo is a very intelligent and experienced legal mind. No? We shall see if the constitution will wag the Buhari government or whether the resolve to change Nigeria will tame the constitution excuses PDP hid behind conveniently. I have no time arguing with folks who do not understand that laws are not created to hinder man and must always remain amendable to reflect a new position and changes that will benefit society. Once again it is a case of Nigeria, because of the self-serving greed of particularly PDP leaders, acting in an aberrant manner to the extent most Nigerians now think this to be the norm and even utter the same pathetic excuses PDP used to undermine and regress Nigeria. We shall see.

This is one of the dumbest and honestly most unnecessary long epistles you have penned here for a long time, Bros. And except for ranting, you have succeeded in saying nothing.

The CORE of the issue is: There is a clear constitutional provision that goes against the grain of the latest 'promise' from your party. And for that promise to be fulfilled, that constitutional provision MUST be expunged or amended. Shikena!!! Nobody is saying that suggestion isn't a good one, esp to the ears. In fact, that's what we want. That's what we've hoped for. We are just reminding you guys that it would be very fooooolish for you guys to assume that the rest of us are as sillly as the people that cooked this propaganda obviously are. If you say you wanna do something, then tell us exactly HOW it would be done b4 expecting us to clap our hands for you.

Except you are suggesting that APC intends to rule us extra-constitutionally.

arewatech:


It says from all 36 states of the federation, meaning all states eligible to provide a minister. It does not state the each state must get one (or more).

Get that into your Dumb brain

Bwahahahahahaha.......

bros, na wia you go your own Law School?? That Remedial Centre need to be reported to NUC and the Council of Legal Education, so that it would be closed down ASAP.

omonnakoda:
Thanks ,sorry The provisions you cited were different numbers
I have read that Thoroughly now. The key phrase is MINISTER OF GOVERNMENT which unfortunately the constitution does not DEFINE but it seems we must have a minister of government from every state. We have always assumed that means a Minister in a Ministry(there is such a thing as Minister without Portfolio) but I am sure creative legal minds can redefine what a Minister of Government means e.g we can give the title to ambassadors. We do not have to create Ministries to fulfil the requirement

Hahahaha .....

Look at this funny smart-ass!!

'Minister Without Portfolio' in deed. What do you think 'Minister of States' are??

Hahaha....

dustmalik:

Such provision doesn't exist anywhere. This is how you guys come up with lies as it best soothes you.

There is such a provision in the Constitution, OLODO. Stop criticizing others if you do not know shiit.

By d way, Buhari or his cohorts, should continue to raise people's expectations unnecessarily and over matters they know they can't fulfill at least for some time. It would backfire soon enough.

olatunji21:

We are actually Happy the Man lost... U dare not challenge his authority here, he's very unforgiving and brutal.. A renowned thief who have not brought any meaningful development to d area except to harm thugs...

But he is APC na!!! Are there thieves in APC, talk less of 'renowned thieves'??

mikolo80:
Guy na I hear say na Britain build the almajiri schools and I know for sure that it was Britain that built the girls school and yet it took him 6months to hold meeting with ASUU. Well keep defending incompetence cos he is your man nothing do you

Wike was not the one in charge of the Ministry of Education during most of those almost 6 months strike.

This is jus one of the many nonsense said about him

As for the 1st part of your comment, I would just assume you were trying make play a joke or two. COS I mean, you cannot be that sillly to actually believe what you just wrote

tupem:
I don't know Wike, am not from Rivers but I agree 100% with what d op said. if you disagree with his oponion give your reasons like a human being or go create your own thread and shut the hell up!

I thought I 'handled' this Wike did not do anything as a 'Minister' nonsense yterday

What did Wike do as Min of Education?? And I keep hearing this question. A lot of you chaps have been so bamboozled by APC propaganda that you have lost every sense of independent thought and thinking.

By d way, he was Min of State for Education, and not substantive minister. And as Min for State, he was directly responsible for things like building of Almajiri Schools, Special Girls Schools, UBE, training of teachers through NTI and others.

Under Wike, more than 120 Almajiri day and boarding Schools as well as about 16 Special Girls Schools were built across the country in just over a year. That has never happened in this country!! Wike was holding monthly meetings with the contractors and would bring them to the press (NTA, CHANBELS, AIT, others) to explain the various progress of work each month. That to my knowledge has also not been done before. He was hands-on. Forget his thuggish look. Go and ask to how UBE and NTI also fared under him (hope you know that 60% of the cash used by most of the States in building/renovating schools in the basic education level came from UBE funds).

By the way, wasn't this same Wike the Chief of Staff to Ameachi for almost 4 years or so?? And Ameachi hailed him for his 'efficiency' then. What changed??

Anyways sef, why am I even wasting my time explaining. See!! This election for most of us was not just about the candidates. It was also about that traitor, Ameachi. The Rivers people, and by extension Niger Deltans, wanted to treat his fhucck up. And we are just starting....

Cheers

Sooroptimist1:


Can you let us celebrate this victory

Define 'us'. Are you from Imo??

Lolz

Does Buhari know anything about Economics that he is blaming Okonjo Iweala?? Can he even define Economics??

Abeg, this people should not just get me started

He talk less, and just work so that 9ja go better in d next 4 years

chymystique:
This AkwaIbom Gov Elect has an endowed full lips

Na only that one you see for all the tori??

Liegeria:


Eight years is not guaranteed. If his performance is poor or mediocre, he will lose re-election. He is able to rig because GEJ is still in power and has lent Wike the coercive powers of state (police and army) to rig. He won't have such powers in 2019. He can only rely on his performance and popularity to win. So for now, let's see how the next four years play out.

My frnd, abeg Shattap!! Don't just annoy me abeg. Which rigging??

Ameachi was defeated hands up. Cleanly. Stop whinning, abeg

eagleeyez:



Pleasae don't say. This okay Its not about parties its about individuals.

Go and find out what wike did when he was minister........that man is very corrupt.

Iam crying deep in me because I know there will be problem in rivers. Rivers will never know peace... Just wait and see.

What did Wike do as Min of Education?? And I keep hearing this question. A lot of you chaps have been so bamboozled by APC propaganda that you have lost every sense of independent thought and thinking.

By d way, he was Min of State for Education, and not substantive minister. And as Min for State, he was directly responsible for things like building of Almajiri Schools, Special Girls Schools, UBE, training of teachers through NTI and others.

Under Wike, more than 120 Almajiri day and boarding Schools as well as about 16 Special Girls Schools were built across the country in just over a year. That has never happened in this country!! Wike was holding monthly meetings with the contractors and would bring them to the press (NTA, CHANBELS, AIT, others) to explain the various progress of work [b]each month. That to my knowledge has also not been done before. He was hands-on. Forget his thuggish look[/b]. Go and ask to how UBE and NTI also fared under him (hope you know that 60% of the cash used by most of the States in building/renovating schools in the basic education level came from UBE funds).

By the way, wasn't this same Wike the Chief of Staff to Ameachi for almost 4 years or so?? And Ameachi hailed him for his 'efficiency' then. What changed??

Anyways sef, why am I even wasting my time explaining. See!! This election for most of us was not just about the candidates. It was also about that traitor, Ameachi. The Rivers people, and by extension Niger Deltans, wanted to treat his fhucck up. And we are just starting....

Cheers