sage_:

Dr Okonjo-Iweala also stated that Ministries, Departments and Agencies (MDA’s) have used 56% of the funds cash backed for capital expenditure leaving 44% of the funds unused.

“So far, 56 per cent of the capital budget had been utilised while 44 per cent was still outstanding.”

“There is more room for utilisation. 56 per cent of the funds that has been released, has been used, meaning 44 per cent is still available for implementation” she said.

[size=13pt]The Minister explained that, “if you measure what’s been implemented over the entire budget you get 13.7%. But because we’re talking about 4months, the implementation is 41%”
[/size]
“The Federal Ministry of Finance is not holding back any budgeted funds. The CBN (Central Bank of Nigeria) can confirm that” she added, denying that there has been selection of projects.

The ministry had been providing funds to Ministries, Departments and Agencies “in bulk” she said.

“We release resources to MDAs in bulk. There is no discrimination. We don’t have a selective approach” she added.

She added that the ministry has so far released N1.6 trillion for recurrent expenditure.

The Minister claimed she was misquoted by the media and that the figures being thrown around on the level of budget implementation are not true.

Constituency Projects

Ahead of the meeting, the Senators had been displeased at remarks purported to have been made by the Minister blaming the tardy fund releases on Constituency Projects added into the appropriation act by the legislators.

On her alleged statements on constituency projects, Dr Okonjo-Iweala clarified her position saying it is not true that the president has told ministries not to implement constituency projects.

akintun: How is it 419. Simple mathematic would tell u dat she [size=13pt]might [/size]be speaking d truth.

Jeboy: @Kobojunkie
I expected you to inquire from professionals in NL to analyse the ministers stance before judging but No you wouldn't do that because you would rather prefer to do blind criticism rather than being a constructive critics.Let me educate you on so many flaws behind d budget;

1) Budget is suppose to take a year (12 months) as implementation period. This budget was passed in April.So the Law Makers calling for 100% implementation in September are chasing shadows..its like a mother hoping to give birth under 6months when we know it takes 9 months to deliver a baby

Jeboy:
2) The House members gave a percentage of total buget implemented with regard to 12 months implementation period but we re just in the fourth month of budget implementation.

Jeboy:
3) The simple maths dat Kobojunkie fail to apply is dat whatever percentage implementation you arrive now has to be multiplied by 3 since implementation should be based on 4 months which is a one-third of a year. So whatever they have achieved in 4 months can be multiplied by 3 (assuming they work at same rate) for a years evaluation and the minister has promised to work faster than d present rate.

Kobojunkie does not use Logic when analysing instances just because they want to nail opposition. I am not anybodys fan and check my posts in NL you will know.I am just interested in the truth and all that will make Nigeria progress irrespective of the person or party who is ruling. My 5 cents.

Kobojunkie:

What is this? 419-by-moonlight??

Obiagu1:

Don't embarrass yourself, madam. It's a simple math.

Kobojunkie:

I am allowed to embarass myself right? Good. So you keep your 'simple' maths while I keep asking for information.

I hope that is that too much for you too?

Obiagu1:

Well the information you seek for cannot be obtained on NL. It would have been better you asked her those questions at the hearing.

Obiagu1: ^^^

Sorry if I offended you. I didn't mean to.

Jeboy: @Kobojunkie

Let me break it down to you using elementary maths:

If it takes 41hours for a man to do a job in 12months, how long will it take d same man to do it in 4 months assuming he works at d same rate of efficiency and time?

Jeboy: @Kobojunkie

Let me break it down to you using elementary maths:

If it takes 41hours for a man to do a job in 12months, how long will it take d same man to do it in 4 months assuming he works at d same rate of efficiency and time?


Secondly,madam minister is poised to breaking d jinx of taking d budget to every April of new year.I bet you she is aiming at December dis year for dis years budget by next year Sept will be achieavable.I give credits to Fashola,Okorocha,Mimiko,Amaechi,Akpabio,Oshiomole etc cos they ve performed well, it doesn't have to be about PDP,CAN or CPC.Try and be a progressive thinking Nigerian for once.

Kobojunkie:

I already told you . . . keep your delusions "simple" maths to yourself while I keep mine. . . ?? OR is that not direct enough

Kobojunkie:

I already told you . . . keep your delusions "simple" maths to yourself while I keep mine. . . ?? OR is that not direct enough

9ja_I_hail:

@Kobojunkie This is a example of what i said about you criticizing leaders wrongly or blind,i hope you can recall the thread i opened 3 days ago where you tasked me to provide you with evidence where you have ever criticized any leader wrongly or blindly.Now you are here displaying another blind argument.I hope you don't come back here abusing and raining curses on me.Try to minimize your argument and be constructive while arguing.

Sealeddeal: Okammuta Ngozi Okonjo Iweala did a nice job even though the senator may not have understood what she said.she dazzled the senators.but then,what matters most is not the said explanation but the impact of the budget implemented on every nigerian.i equally thank God for all these face off taking place between the House of Rep and Executive and i do pray that they will never get along again till end of democracy in nigeria so dat everything done by executive will continously be kept under check by the Reps/NA.Equally,Nigeria Democracy is getting more and more mature because this present govt have allowed for freedom of opinion and harsh criticism even to the extend of being threatened by some individuals.U dnt criticise some leaders.if u do so,u get assasinated.Others will respond by targeting u and ur work.But this govt will respond by yielding to some of the demands of its critics which they think is proper.And dats democracy.Its good when people pressure govt bt its not gud when people threaten govt.Constructive criticism is pressuring otherwise,threat.So,nigerians should not stop pressuring GEJ's administration but let it be in mind of everybody dat GEJ led nigeria in one of the best democratic style in the world.Equally,nigeria has been a failed state before GEJ so,nigerians should not expect miracle.i am not GEJ's tool.i only enjoy saying truth and being in side of truth.

Kobojunkie:

[size=14pt][b]What a Mor0nic/imbecilic comment from you.[/b][/size] I am saying that the house is right for asking for more details at least I as a Nigerian want to KNOW what is going on, and you declare that to be me criticizing leaders wrongly or blindly??

9ja_I_hail:

I am not disappointed because i have been expecting the bolded from you.But try to amend your criticism to avoid making you a noise maker

Kobojunkie:

Try to get yourself a brain so you can better comprehend what discussion is about because you BLINDLY AND STUPIDLY criticize that which you don't even grasp. How about you try that first

9ja_I_hail:

I shall not involve my humble self into your bigotry and senseless argument because you are award holder when it comes for blind argument and accusation,my research shows me that no one on Nairaland have ever defeat you when it comes to senseless argument, hence you are the champion in this field i will allow you to wallow in your daily duty (SENSELESS,BLIND,AND BIGOTRY ARGUMENT)

This shall be the last i will ever respond to you. A PROMISE.

Kobojunkie:

Try to get yourself a brain so you can better comprehend what discussion is about because you BLINDLY AND STUPIDLY criticize that which you don't even grasp. How about you try that first