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Post by Honorebu on Dec 23, 2015 20:32:47 GMT
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Post by Honorebu on Dec 23, 2015 20:33:05 GMT
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Post by Honorebu on Dec 23, 2015 20:33:24 GMT
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Post by Honorebu on Dec 23, 2015 20:33:46 GMT
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Post by Honorebu on Dec 23, 2015 20:34:03 GMT
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Post by Honorebu on Dec 23, 2015 20:34:29 GMT
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Post by AgbongboAkala on Dec 24, 2015 11:25:21 GMT
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Post by AgbongboAkala on Dec 24, 2015 11:30:16 GMT
How much are we getting from the looters to fund this budget? Out of the over $150bn alleged to have been looted, if we are able to get at least 40% of it recovered, we don't have any business with deficit budget.
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Post by Shymmex on Dec 24, 2015 11:49:18 GMT
Interesting budget but they need to improve on the capital expenditure.
With the lion share the ministries under Fashola is getting from the percentage assigned for capital expenditure - it shows where this administration is headed. I'm a tad impressed, though I still think that's just too much workload on one man.
Nigerian definitely needs infrastructure and electricity (power) and hopefully, he'll deliver.
Err, can we now say, Fashola is the de-facto PM, as Buhari has deferred almost everything his administration would be judged by to him, despite the grip he northern oligarchs have on the proper power structure?
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Post by Shymmex on Dec 24, 2015 11:51:39 GMT
How much are we getting from the looters to fund this budget? Out of the over $150bn alleged to have been looted, if we are able to get at least 40% of it recovered, we don't have any business with deficit budget. I concur. The deficit is like a third of the budget and they also need a quarter of the budget to service debts. Nigeria is just one step away from being totally bankrupt.
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Post by Shymmex on Dec 24, 2015 11:54:40 GMT
Interloper, iyalode, Moffy, OmoOba, Iya Niyen!, Omoluabi, dansoye1, Belmot, osoronga, Her Highness, IrekeOnibudo, oduabachanal, zaynie, Honorebu, omohayekWhat do you lot think about the budget, the capital expenditure vis-a-vis the recurrent expenditure, the budget deficit, the amount set aside for servicing debts, and the distribution of the capital expenditure?
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Post by omohayek on Dec 24, 2015 12:05:10 GMT
Interloper , iyalode , Moffy , OmoOba , Iya Niyen! , Omoluabi , dansoye1 , Belmot , osoronga , Her Highness , IrekeOnibudo , oduabachanal , zaynie , Honorebu , omohayek What do you lot think about the budget, the capital expenditure vis-a-vis the recurrent expenditure, the budget deficit, the amount set aside for servicing debts, and the distribution of the capital expenditure? Fashiola's entire budget comes to slightly more than £1 billion, or less than he had at his command while he was governor of Lagos - and this is for an entire country! As a point of reference, London's Crossrail alone cost £15 billion, and Crossrail 2 will cost £27 billion ...
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Post by Shymmex on Dec 24, 2015 12:15:48 GMT
Interloper , iyalode , Moffy , OmoOba , Iya Niyen! , Omoluabi , dansoye1 , Belmot , osoronga , Her Highness , IrekeOnibudo , oduabachanal , zaynie , Honorebu , omohayek What do you lot think about the budget, the capital expenditure vis-a-vis the recurrent expenditure, the budget deficit, the amount set aside for servicing debts, and the distribution of the capital expenditure? Fashiola's entire budget comes to slightly more than £1 billion, or less than he had at his command while he was governor of Lagos - and this is for an entire country! As a point of reference, London's Crossrail alone cost £15 billion, and Crossrail 2 will cost £27 billion ... Lool. Sir, I think we all need to accept the reality that Nigeria is an utter poor. The GDP of London alone, with less than 9 million people, is higher than Nigeria's. While the City of London and Westminster alone generate over £44 billion in tax (from the financial sector) annually - that's over twice the total budget of Nigeria, with ridiculous deficit.
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Post by omohayek on Dec 24, 2015 12:33:31 GMT
Fashiola's entire budget comes to slightly more than £1 billion, or less than he had at his command while he was governor of Lagos - and this is for an entire country! As a point of reference, London's Crossrail alone cost £15 billion, and Crossrail 2 will cost £27 billion ... Lool. Sir, I think we all need to accept the reality that Nigeria is an utter poor. The GDP of London alone, with less than 9 million people, is higher than Nigeria's. While the City of London and Westminster alone generate over £44 billion in tax (from the financial sector) annually - that's over twice the total budget of Nigeria, with ridiculous deficit. That's why I think Buhari's priorities are so messed up. Fighting boko haram and corruption are worthy aims, but beyond that, his every waking thought should be about how to attract foreign investment (not loans), but instead almost every step Buhari has taken has been in the direction of driving investment away. It's not as if the world is short of private capital, either; small startups of less than 10 people have easily raised more on the stock markets than Buhari has given Fashola to work with.
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Post by Shymmex on Dec 24, 2015 12:42:21 GMT
Lool. Sir, I think we all need to accept the reality that Nigeria is an utter poor. The GDP of London alone, with less than 9 million people, is higher than Nigeria's. While the City of London and Westminster alone generate over £44 billion in tax (from the financial sector) annually - that's over twice the total budget of Nigeria, with ridiculous deficit. That's why I think Buhari's priorities are so messed up. Fighting boko haram and corruption are worthy aims, but beyond that, his every waking thought should be about how to attract foreign investment (not loans), but instead almost every step Buhari has taken has been in the direction of driving investment away. It's not as if the world is short of private capital, either; small startups of less than 10 people have easily raised more on the stock markets than Buhari has given Fashola to work with. I agree. I believe he also recently announced that he'll employ more teachers and pay certain students in higher institutions. Thus adding more to recurrent expenditure. Rather than improve the quality of teachers and implement policies whereby students in higher institutions can work part-time to sustain their financial needs. He looks as clueless as Aregbesola and Nigeria might end up becoming another Osun state by 2019.
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