₦airaland Forum

Sandydayz:
Impossible

Why? Impossible as in how?

elampiro:
Capital Expenditure was given only 10% of the total budget. Just about half a trillion naira from 1.4trillion the previous years. There is huge areas of unpaid debt owed contractors from previous years. 90% of our budget goes to payment of salaries, debt servicing, recurrent expenditure.

1)Capital expenditure is over 700b of 4.4tri budget...

2)Lots of ongoing capital projects were already funded through loans from other areas and captured in previous years budget...eg 2nd Niger bridge, Airport remodeling etc


http://thenationonlineng.net/fed-govt-borrows-n473b-to-pay-salaries-overheads-in-four-months/

It's unfortunate to say the least...

Rawani:
And whats negative about defending the Naira? Nigeria will have to devalue her currency in order to suit their whims which will propel inflation (and importation costs). The struggle to cope by businesses will likely result in downsizing and the consequent rise in unemployment.

There are better ways to defend the Naira than buhari is doing now...which is a repeat of mess he did in 1984/85...

1)There's no finance minister/economic team to articulate fiscal policy to complement monetary policy...

2)He's not applying 2015 expenditure hence crippling some sectors but he's using revenue from 2015...

3)His policy is already killing SME's who drive our economy... aside foreign investments or investors from JP Morgan and co...

4)China just relegated us to the background... Do you understand the cost implication to Nigeria?

5)Buhari is doing nothing and seems overwhelmed with the job...His analogue brain can't solve digital problem... He could not back then in his prime...how about now?

6)Allow naira to find its level in money market though you guide it through the path... but don't physically control it as it is done now...because the negative effect seems more than positive effect...

Guseh:
Past administration did nothing to address d issue, because there was no provision for those projects in 2015 budget.
I could remember' the construction workers incharge of Kabba-Ilorin road(road linking kogi and kwara state) had abandoned the site since november last year and same thing happened in other sites.

So which projects had the over 700billion in 2015 budget

Bevista:
So, the SE had the most projects (45), even more than double the projects in the much larger NW (20). Little wonder where the highest wailing pitch is coming from. The SE had the highest appointments and projects in the last administration, yet no benefit to the region

I dont give a hoot if they all abandon site. I am 100% certain Nigeria's money is safe, and in the fullness of time it will be deployed to the right projects.

Aren't you confused...In your bid to discredit the SE, you were busy confusing and contradicting yourself...Grow up plzzz... BTW check out those projects by their mileage/kilometres for you to see the equity and sense of justice in Jonathan ...thanks

Rawani:
An example of such 'negative' policies would help.

His monetary policy on liquidity(dollar policy)... which forced JP Morgan sanction and for which SME's(engine of every economy) are hurting now, downsizing, closing shop etc ...

LouisVanGaal:
How much is GEJ 'Legal' salary for him to give someone that amount? Try convert the sum in Naira and cover your face in shame....why do you guys so much refuse to accept the blunt truth that GEJ sponsored waste in governance? You guys ALWAYS make it look like any person that criticises him is a Northerner...mind you I repeat, Bakare is no politician; that buhari picked him in 2011 doesn't make him a politician...b4 then has he contested for ANY public position? What of after 2011 election What party could you say he belongs to? Same like Osinbajo, VP...he was not a politician until he was picked by buhari/tinubu....real politicians are PARTY MEN...get it once and for all..

My last comment on this issue...Bakare like Osibanjo are politicians...They all have their party cards...Osibanjo has been active politician even during Tinubu term as governor...Wake up bro...

Jonathan aside his pay as former civil servant... earns money as former deputy governor...as former governor...as former VP...as former President... His annual salary as president is less than N15million but check out his allowances and bow... Politicians make money NOT from salaries but allowances which runs into billions...eg Senator earns about 600,000 as salary but earns 47million as allowance... Even Fayose challenged Buhari on this open secret when buhari said he's cutting his salary by 50% ...

Rawani:
This uninformed distortion of priorities, coupled with wanton looting with impunity is exactly what contributed to this present economic mess. The economy should have been effectively diversified into multiple income streams from agriculture, solid minerals et al. with the generous surpluses we enjoyed during GEJ's reign, instead of increasing recurrent expenditure first. Now oil prices have plummeted by over 90% and you all want to slay Buhari.

BTW oil price reduced by about 50% average... so don't get it twisted plz...

Buhari isn't crucified because oil price collapsed but because he's destroying SME's and killing investments cum investors with negative policies...in all damaging the economy...

Rawani:
This uninformed distortion of priorities, coupled with wanton looting with impunity is exactly what contributed to this present economic mess. The economy should have been effectively diversified into multiple income streams from agriculture, solid minerals et al. with the generous surpluses we enjoyed during GEJ's reign, instead of increasing recurrent expenditure first. Now oil prices have plummeted by over 90% and you all want to slay Buhari.

What's the relationship between looting you used above and increasing salary thanks to NLC agitation and realities on ground which showed that 7500 a month isn't sufficient to feed a civil servant...Did agriculture not receive plausible attention that we even experienced dry season agriculture under Jonathan?.. Solid Minerals is riddled with litigations thanks to Obj though Jonathan succeeded in taking out most of them...

LouisVanGaal:
Are you even listening to yourself?? There's no crime giving someone money for transport...but the amount is outrageous!!!! Is he travelling to the moon in the first place? That goes a long way to justify statements that jonathan plundered our resource...worst still, the man rejected it...by the way, bakare is NO politician..watch your mouth..

By saying that bakare isn't a politician shows who's biased with sentiments here...It's big money to you but not to him...Is there any proof that it is stolen money?...People give based on their capacity and worth of receiver....Do you know how many bottles of champagne wasted Friday night by a mere importer in a club?...it maybe big money to you but not to.him...Stop poverty mentality of seeing rich men as thieves because one didn't make as much notwithstanding working harder...thanks

dBard:
Sometimes u just have to go with d adage that talks about silence n fools.. You shouldn't have bothered replying.

Sometimes you give some benefit of doubt ...

Candyrain:
The wankking wankkers don't know this but they want us to believe that Bubu's body odour, oh sorry I meant body language, will fix the economy brother.

I was shocked to see Passingshot dismiss China with wave of hand ...smh

Rawani:
The failure of the Jonathan government to exploit the roof shattering oil prices over the years they were in power and the irrational depletion of our foreign reserves are critical elements of our present economic woes. Your non-acknowledgment of these twin factors dents the objectivity and balance of your piece, which informed my initial pedestrian stance on this thread.

Roof shattering indeed ...Now did you read this;

6)Jonathan met about $47.7b in FR and left about $29.9b thanks to exchange rate differentials, subsidy variation, and recurrent expenditure increase. Yes, Oil sold at its peak so also did other legal expenditures. Remember, Obj paid 7500 to workers while Jonathan paid 18000(more than 150% increase); Obj paid 9700 to NYSC, Jonathan paid 19800(check percentage difference too). Not minding other great infrastructure investment like Abuja/Kaduna standard gauge, Lagos/Ibadan road, East/
West road, etc

So what's the issue?

Rawani:
The failure of the Jonathan government to exploit the roof shattering oil prices over the years they were in power and the irrational depletion of our foreign reserves are critical elements of our present economic woes. Your non-acknowledgment of these twin factors dents the objectivity and balance of your piece, which informed my initial pedestrian stance on this thread.

Roof shattering indeed ...Now did you read this;

6)Jonathan met about $47.7b in FR and left about $29.9b thanks to exchange rate differentials, subsidy variation, and recurrent expenditure increase. Yes, Oil sold at its peak so also did other legal expenditures. Remember, Obj paid 7500 to workers while Jonathan paid 18000(more than 150% increase); Obj paid 9700 to NYSC, Jonathan paid 19800(check percentage difference too). Not minding other great infrastructure investment like Abuja/Kaduna standard gauge, Lagos/Ibadan road, East/
West road, etc

double0seven:
Some people be talking like certified idi.ots .

When PMB issued the ban, did he tell you that it was going to be forever? It was to serve as warning and some kind of punitive measure to all the illegal activities those Ships have been engaging in in the past.

And the government may just have achieved it's aim. The ships are being readmitted with an individual guarantee from each never to be used in economic sabotage of Nigeria's crude oil. Now they know that a new Sheriff is in town who will not tolerate nonsense. Now they know it is not business as usual.

So you certified idio.ts should keep on wailing while Baba keeps on doing what Nigerians elected him for, which is to bring back sanity back into the system.

smh... Did you read this article before calling others ediots? ...He was asked to reverse the ban simply because he accused them with NO EVIDENCE... They can decide to sue him for defamation and business loss and win because he was keeping the cart before the horse...thanks

Rawani ...what do you think?

Candyrain:
@bolded. No be my fault ooo, Dee Jesus did it for me

May he remember me too...Amen

Candyrain:
Nice one, "crass" very good one. Lol... All Whynottheuth needs is FAITH, God will do the rest

Crass fit make person crash Me dey fear for that kind thing ooo as kenny987 take talk am...e get as e be