Ben Murray-Bruce, the Senator representing Bayelsa East district has cited a major problem with 2019 budget presented to National Assembly on Thursday by President Muhammadu Buhari.


Bruce in a series of tweets on Saturday, said the amount proposed for servicing debts borrowed by the Buhari’s government in three years was a serious problem to the 2019 fiscal budget.

The Bayelsa lawmaker wrote: “The main issue with the 2019 budget is that Nigeria has borrowed so much money these last 3 years that we now spend more on servicing our debts (that is paying interests, not paying off the debts) than we do on infrastructure. And twice paying salaries what we spend on projects.”


Bruce further condemned Buhari for having more recurrent expenditure in 2019 budget despite his criticisms at ex-president Goodluck Jonathan of making high expenditures in 2015.

According to him, “President Buhari criticised Goodluck Jonathan for having a high recurrent expenditure, but it is so funny that in his latest budget, recurrent expenditure has doubled from what it was in 2015. My advice to the President is this-make your words sweet, just in case you have to eat them.”

https://all-gists..com/2018/12/buhari-doing-same-mistake-jonathan-did-in-2015-ben-bruce.html

Reserve my comment

Hmmm your salary is 40k, you go borrow 400k to spend on burial, you get wife(wife no dey work o) and 3 children, interest on 400k is 25k every month, yet you dey plan to buy car, build house and go club, this na the case of naija.

Oil is our salary, our wife are other sectors we refused to work on. Only God fit deliver us in this country, personally I do tire!

Our leaders and their thinking faculty

Ben is right. This government has no shame, no pedigree, no integrity!
They are culpable in even greater measures of all the wrongdoings they leveled against the former government.
Do they think Nigerians are blind or stupid or what?

Maybe true what do i know

mistake or no mistake, sai baba till 2023.

AND Daura awaits the dullard

Nothing concerns the old man, he does not listen to advise

Recurrent expenditure has doubled!!

What a Wawu

People are destroying this country and people fail to realize it.

The proposed 2019 budget by PMB is not intended to improve the well-being of Nigerians and the economy.


It will only worsen the bad state of the economy which APC has brought about since assuming office in 2015.


This only goes to show how incompetent PMB and his team are. They have no idea on how to steer the economy in a positive direction.

So easy to criticize others.

Shey when he got the job now since 2015 the nation enter bigger mess...

Oluwa please assist us in sending this jonzing government out..

Is he confessing Jonathan did a mistake?

I can't wait for nuclear war to start

uboma:
The proposed 2019 budget by PMB is not intended to improve the well-being of Nigerians and the economy.


It will only worsen the bad state of the economy which APC has brought about since assuming office in 2015.


This only goes to show how incompetent PMB and his team are. They have no idea on how to steer the economy in a positive direction.

Show it prove what you mean.

cenaman:
mistake or no mistake, sai baba till 2023.

You can think, if not for yourself, at least do it for the sakes of your future generations.

This issue of politics and financial management is not a respecter of tribes or sentiments. It means someone else somewhere has banked on your foolishness to mortgage your future and that of your generation.

THINK!

[color=#990000][/color]
According to him, “President Buhari criticised Goodluck Jonathan for having a high recurrent expenditure, but it is so funny that in his latest budget, recurrent expenditure has doubled from what it was in 2015. My advice to the President is this-make your words sweet, just in case you have to eat them.”
I have no more to say, Ben Bruce just spoke my mind

SchoolZinicc:


You can think, if not for yourself, at least do it for the sakes of your future generations.

This issue of politics and financial management is not a respecter of tribes or sentiments. It means someone else somewhere has banked on your foolishness to mortgage your future and that of your generation.

THINK!

Shut up

Sai Baba till 2023
www.nairaland.com/attachments/8369553_dba86a2fd9b240d99e5346cda6ff194b_jpeg_jpege9a33555aa9b000e45dabbc90a17a2e8

Hopefully, our leaders will realize that a 8-year cycle of politics will not get us anywhere!

Continuity is grossly missing in the ideologies of our politicians. Good policies and programmes should be preserved And not necessarily started afresh (more of like changing committee and names)

Recurrent expenditure will be weaned out gradually and we have to find a lasting solution, a solution which will only be frustrated if we do not stop this "change-power-and-start-all-over-again" attitude

Buhariii, Daura awaits you in 2019 Buhariii, Daura awaits you in 2019

What does Jubi Jubi know about economics dynamics.

He just struggled to read what was scribed for him on paper in the National Assembly.

APC is pure evil....Shikina!

bamasite:
Is he confessing Jonathan did a mistake?

I wonder the ages of people here.

The issue of whether Jonathan did mistake has already been trashed out.

He GEJ made lots of mistake and allowing Buhari to take over government was the worse of it all.

The main issue here is that Buhari has kept us in same cycle or even worse.

I am ready to listen to superior arguments based on economics and not criticisms just because of politics.
Was expecting him to match his actions with his campaign promises but he is now Saraki's houseboy and Dino's playmate.
Big disgrace

Mumu senator who can't get returned ticket to the house but get free tweeter ticket ...ekpana

Jonathan:

Shut up

Sai Baba till 2023
www.nairaland.com/attachments/8369553_dba86a2fd9b240d99e5346cda6ff194b_jpeg_jpege9a33555aa9b000e45dabbc90a17a2e8

I will shut up, but will open it once it's 7am for a cup of tea with scrambled eggs, after is flakes in milk before going to church. I wish you same or better.

What happens to the government trying to diversify the economy? The biggest problem we have in Nigeria is that we don't know we have a problem. High time we replace these money mongering senators.

akilo1:
Mumu senator who can't get returned ticket to the house but get free tweeter ticket ...ekpana

Don't worry about Ben, worry about the facts he is revealing.

Hate him all you want, but we must come together someday to ask some questions on the issues at hand

boxypane:
What happens to the government trying to diversify the economy? The biggest problem we have in Nigeria is that we don't know we have a problem. High time we replace these money mongering senators.

Senators doesn't have much work to do..
The problems you see today aren't from them oh. Their job is to make laws, nothing less or more.

akpanbaba:
I am ready to listen to superior arguments based on economics and not criticisms just because of politics.
Was expecting him to match his actions with his campaign promises but he is now Saraki's houseboy and Dino's playmate.
Big disgrace

Don't waste your time on these senators in Nigeria who only for reason I can't even explain has failed to be truthful of what their job is to Nigerians.

Senator's job is to make laws and that is it. What we are to worry about is his revelations and the executives are whom you should channel your energy to.

Muttee:


Ben Murray-Bruce, the Senator representing Bayelsa East district has cited a major problem with 2019 budget presented to National Assembly on Thursday by President Muhammadu Buhari.


Bruce in a series of tweets on Saturday, said the amount proposed for servicing debts borrowed by the Buhari’s government in three years was a serious problem to the 2019 fiscal budget.

The Bayelsa lawmaker wrote: “The main issue with the 2019 budget is that Nigeria has borrowed so much money these last 3 years that we now spend more on servicing our debts (that is paying interests, not paying off the debts) than we do on infrastructure. And twice paying salaries what we spend on projects.”


Bruce further condemned Buhari for having more recurrent expenditure in 2019 budget despite his criticisms at ex-president Goodluck Jonathan of making high expenditures in 2015.

According to him, “President Buhari criticised Goodluck Jonathan for having a high recurrent expenditure, but it is so funny that in his latest budget, recurrent expenditure has doubled from what it was in 2015. My advice to the President is this-make your words sweet, just in case you have to eat them.”

https://all-gists..com/2018/12/buhari-doing-same-mistake-jonathan-did-in-2015-ben-bruce.html

Plus or minus take it or leave it. Former President Jonathan and to some extent Ex-President Olusegun Obasanjo left a bitterly damaged economy for President Muhammadu Buhari.

Senator Ben Murray Bruce is just TALKING WITH BOTH SIDE OF HIS MOUTH.

Pdp ruined Nigeria 's economy for 16 years before the coming Apc leadership came and Inject more DAMAGE SYNDROME.

My conclusion on this subject is to call for the the implementation of restructuring of the current unitary constitution being run by the federal government.

I would like to call for true federalism, fiscal federalism, and resource control to be enshrined in our current constitution and implemented.

If the northern region step up their effort on agriculture and solid mineral they can contribute to the federal centre.

They should fully support the call for restructuring.

Restructuring as a national policy is not for a certain part or region of Nigeria.

It is for all parts of Nigeria to get accelerated development based on what is being produced in your region or state.

If a state choose to work harder they will get more money after paying taxes to the federal government.

The present federal structures in Nigeria that is based on the sharing of the money that is coming from one region of the country to idle state is very oppressive.

If this oppressive sharing of Niger delta crude oil money and Lagos state government vat money continue it will lead to the disintegration of Nigeria. As time will come there will be no money to share.

As the saying goes "A stitch in time saves nine"