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Nairaland Forum / Nairaland / General / Politics / Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash (12460 Views)
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Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by wesley80(m): 9:49pm On Aug 02, 2012 |
So after all the huffing and puffing from the National Assembly that usually benefits no one other than News editors, came D-day and an opportunity for our "esteemed" legislators to take the Fin minister to the cleaners - ermm well... With a statement from the Chairman Sen Ndoma Egba the hearing took off, trying to appear like a very serious military commander he issued a stern warning; "This isn't going to be a family meeting, its going to be a Market meeting, Nigerian's want their questions answered". You'd think this was going to be a shouting match with figures flying up and down and our legislatos finally getting to earn a fraction of their Sallah Bonus, for where? Na there their shakara end oh, the rest na Madam lecture and the usual 'agama response'! To cap it all off, Madam threw a question to the okpolor eyed legislators; Why is the question always about cash disbursement? Why not focus on the actual projects and their respective status like Mr President is doing? Does disbursement of funds translate to execution? You'd think the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, on Thursday appeared before the Senate-Executive interaction on issues concerning the 2012 budget. At the session, the minister gave the assurance that the implementation of the N1.3 trillion budget, which had been a sticky issue between the National Assembly and the Executive, was on course. The minister said the implementation of the budget began in April 2012, adding that although the ministry should have released N446bn by now, only N404 billion had been released. Okonjo-Iweala stated that so far, 56 percent of the capital budget had been utilised while 44 per cent was still outstanding. “There is more room for utilisation. Fifty-six per cent of the funds that has been released has been used, meaning 44 per cent is still available for implementation. “The budget must work for Nigerians. They must feel the impact. That is our focus. “We have been working collaboratively with the National Assembly. We have made sure that salaries have been paid and that we are meeting other obligations.” The minister debunked an assertion by the House of Representatives that she lied to Nigerians on the implementation of the budget by claiming that government had achieved 56 per cent implementation of the appropriation Act. The House had called her a liar on Wednesday at a briefing in Abuja after discovering from documents submited to the Senate by the Federal Ministry of Finance that the performance of the budget as at July was a mere 12.6 per cent. Responding to this assertion, she said, “I think that on the issue of budget execution, I have tried to be as clear as I possibly can. “The appropriations bill there is N1.3 trillion. When you add the SURE programme, you get 1.5 trillion. Non-SURE P budget is N1.3 trillion. “If you prorate the amount of budget, you will get a figure of about N113 billion per month. “If you measure what’s been implemented over the entire budget, you get 13.7 per cent. But because we’re talking about four months, the implementation is 41 per cent.” Okonjo-Iweala also pleaded that the execution of the budget should be kept within January- December, adding that the current practice of extending it to March of the following year should be discontinued. She also said the ministry had been providing funds to Ministries, Departments and Agencies “in bulk,” noting that there had been no selection of projects. “We release resources to MDAs in bulk. There is no discrimination. We don’t have a selective approach. “Some of the constituency projects in the 2012 Budget are new and have not undergone the Proper Procurement Process, which takes time,” she noted. She also said President Goodluck Jonathan had been leading the drive for higher budget performance. More details later [url]punchng.com/news/okonjo-iweala-appears-at-senate-hearing-clarifies-budget-figures/[/url] |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by billante(m): 9:54pm On Aug 02, 2012 |
Another version! But the senate's fury ebbed after Mrs. Okonjo-Iweala apologized for her absence at past invitations citing “miscommunication”, and blamed the media for “mis-educating’ the people. http://premiumtimesng.com/mobile/news/6310-senators_bow_to_okonjo-iweala.html |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by billante(m): 9:59pm On Aug 02, 2012 |
All the stupid gra gra never end?? Toothless bulldogs! There are just there to fill their pockets...when it seems like the bucket of food is lacking food they will just bark to remind d caretaker dat they are still breathing! Not dat they are barking because they wan tear someone! 5 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by jmaine: 10:02pm On Aug 02, 2012 |
The resident cynic species on nairaland will avoid this thread like a plague . . . . . Even when trying to educate them, they resist simple facts . . . Iweala did not disappoint as usual 5 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by vanbonattel: 10:05pm On Aug 02, 2012 |
Wetin you go do person wey sabi her work? NATHIN! 4 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Nobody: 10:09pm On Aug 02, 2012 |
Whenever NOI speaks NASS bows.Reason:they dont understand a thing about economics 9 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by jmaine: 10:14pm On Aug 02, 2012 |
Let me replay a post that received a standing ovation from some quarters . . . Wonder what they have to say now . . . Pukkah: www.nairaland.com/1005860/budget-angry-senators-walkout-anyim/2 4 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Kobojunkie: 10:17pm On Aug 02, 2012 |
[size=13pt]Why is it that the question is always about cash disbursements? [/size] Answer:The Nigerian people want to know how much has been spent, so they can better guage how much RESULTS they should also EXPECT to SEE. [size=13pt]Why not focus on the actual projects and their respective status like Mr President is doing?[/size] Interesting that you ask this. Currently, the Nigerian still have NO DIRECT plug in to what projects are already being worked on and the status reports on each one of them. This information does not seem easily accessible via the many websites, agency offices maintained by the Government, or any of the other sources and so, it is sensible for us to at least ask how much money has been spent so, again, we can get a good idea of how much to expect at this point. [size=13pt]Does disbursement of funds translate to execution? You'd think the noisemakers would have thought about this! [/size] We like to believe it is so. However, disbursement remains the easiest way for us to get, again, from a monetary stand point, of how much has been spent and the worth of the progress to look out for. 2 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Kobojunkie: 10:18pm On Aug 02, 2012 |
It is really simple. If I give money to my Accountant to help me build a house, and I know my accountant would not be able to give me a rundown of what has been done and when on a regular basis, at least checking my account, I get an idea of how much progress I should expect when I consider how much money has been withdrawn at the point. 4 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Yeske2(m): 10:19pm On Aug 02, 2012 |
Reyginus: Whenever NOI speaks NASS bows.Reason:they dont understand a thing about economicsI tell ya. |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Yeske2(m): 10:20pm On Aug 02, 2012 |
. |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by wesley80(m): 10:25pm On Aug 02, 2012 |
Kobojunkie: [size=13pt]Why is it that the question is always about cash disbursements? [/size] Ermm madam, those questions were actually directed at LEGISLATORS who normally make up an ARM OF GOVERNMENT not relatively ignorant and information starved madam Kobo in the USA! 2 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by bashr8: 10:27pm On Aug 02, 2012 |
Kobojunkie: [size=13pt]Why is it that the question is always about cash disbursements? [/size]its good we are all getting on the same page , i said it before rather than throwing lies , insults and black mail up and down lets focus on knowing what projects are on going, which ones have been completed and how much is being spent, if we reduce our insults and lies on GEJ nd NOI we can all focus on getting and sharing those information. 4 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Kobojunkie: 10:28pm On Aug 02, 2012 |
As I was saying . . . Kobojunkie: [size=13pt]Why is it that the question is always about cash disbursements? [/size] The Nigerian people want to know these things and their REPRESENTATIVES are there to get them that information. |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by bashr8: 10:31pm On Aug 02, 2012 |
now its over to beaf and co , govt should have a website where such information can be accessed because a lot of nigerians are not being carried along thats why theirs so much anger and ignorance directed at the presidency and NOI. also it will be good to start getting the information of contractors that were given major contracts especially roads cause most of these contractors are very currupt. 2 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by asha80(m): 10:31pm On Aug 02, 2012 |
Kobojunkie: As I was saying . . . Kobojunkie: As I was saying . . . unfortunately it is a ruse as the reps are actually more interested in money for their constituency projects that has not yet been realesed hence the noise. |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by bashr8: 10:33pm On Aug 02, 2012 |
meanwhile i love this woman , anytime she speaks everybody shuts up, she has a strenght of a thousand men 4 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by dasparrow: 10:33pm On Aug 02, 2012 |
wesley80: LOL, well said. |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by wesley80(m): 10:43pm On Aug 02, 2012 |
Kobojunkie: As I was saying . . .Madam, do you not find it embarrassing that your REPRESENTATIVES are asking why funds have not been released for their respective constituency projects when in the words of the minister, most of the constituency projects do not yet have engineering designs? Why aren't they demanding to see the quality of projects about to be erected in their respective constituencies before fighting over fund release? 2 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by jmaine: 11:07pm On Aug 02, 2012 |
Hopefully . .the much anticipated impeachment will proceed as wished and planned, in fulfilling certain vague and deluded fantasies 1 Like |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Kobojunkie: 11:10pm On Aug 02, 2012 |
[size=14pt]“Some of the constituency projects in the 2012 Budget are new and have not undergone the Proper Procurement Process, which takes time,” she noted.[/size] The more reason why you probably should not waste another month. There are only 5 months left in 2012. 1 Like |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by PROUDIGBO(m): 12:06am On Aug 03, 2012 |
Viewing this topic: Sunnystooth(m), pcicero(m) and 3 guest(s) ^^^Hehehe Now what are the chances those three 'guests' up there are some of the foul-mouthed uncouth animals that have been abusing the finance minister and the President all week over something they know diddly about? Too ashamed to show face abi?......i know i would. 3 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Kobojunkie: 12:12am On Aug 03, 2012 |
This also goes to answer the Minister's questions sage_: Okonjo-Iweala confirms that 41.3% of 2012 budget has been implemented |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Beaf: 12:28am On Aug 03, 2012 |
Okonjo Iweala for President! That woman is gold. 2 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Ejine(m): 12:39am On Aug 03, 2012 |
Choi! Anytime she comes with the hook, all gladiators go begin dey scamper. Because pesin wey sabi her onions will always make political crooks look dumb Thanks for virtually turning the NASS into a graveyard for the duration of your 'visit', Ngozi I always expected it anyway. 1 Like |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Nobody: 12:59am On Aug 03, 2012 |
kobojunkie, if you have no particularly meaningful contribution, why not read and watch like me? 26 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by bashr8: 1:01am On Aug 03, 2012 |
BoboYekini: kobojunkie, if you have no particularly meaningful contribution, why not read and watch like me?guy u harsh oo |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by bashr8: 1:06am On Aug 03, 2012 |
wow this thread dry pass desert, where are all the attack dogs 2 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Ejine(m): 1:49am On Aug 03, 2012 |
bashr8: wow this thread dry pass desert, where are all the attack dogs Viewing this topic: 2 guest(s) E just dey like say dem throw atomic bomb for here. The pathological whiners don clear 3 Likes |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by jmaine: 2:00am On Aug 03, 2012 |
Ejiné: Na guest all of them go dey use peep the thread . . . . . .Their hope's of impeachment bin high no be small . . . 1 Like |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by iykak47: 2:12am On Aug 03, 2012 |
bashr8: wow this thread dry pass desert, where are all the attack dogsHave you forgotten that this type of news always force the attack dogs to go on leave |
Re: Okonjo-Iweala To Senators: Focus On Project Implementation Not Cash by Johndoe100(m): 3:02am On Aug 03, 2012 |
BoboYekini: kobojunkie, if you have no particularly meaningful contribution, why not read and watch like me? Because the bile has to find a way out of her system. |
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