oboman:
Here is a brief view of the budget

1...... It's is true that recurrent expenditure is over 80% of the total budget.

2...... People who are worried shouldn't be called derogatory names or be branded mere Jonathan supporters trying to discredit Buhari.

3...... If we are gonna borrow money from World Bank with 80% going on recurrent expenditure, then we ought to be genuinely worried. Let's not forget that we will pay this money back.. Had the budget been maybe 70% on capital project, this would mean more businesses would spring up which we could then tax to pay back the loan. Another alternative is waiting for oil prices to go up to pay our debts. This 2nd option looks unlikely and sounds very speculative..

4..... In this current climate, when oil revenue is dwindling, why can't we cut cost? Closing down some ministries would save us huge amount of money.. Ministry of Water Resources could be merged with Agriculture and that would save us N 7 billion. We could also merge interior ministry with information & culture, which would save us N39 billion......

5)...... Wait for this..... Your National Assembly is gonna gulp N 115 billion, that's $570 million...... We asking World bank for $3 billion and roughly 1/5 of that money will go to men that sit in a room doing absolutely nothing when we basically broke as a country??

Folks who use unpleasant names to describe Nigeria aren't treacherous or unpatriotic, they just can't comprehend this whole madness...

EternalTruths:
Hiss

Buhari wants to Osunize Nigeria with debts

Achuwa1:
Let Tinubu borrow Nigeeia na.
Afterall,it is his party APC tht is in power & he stole in excess during his regime as Lagos state governor & after his regime..
we will payback when oil price goes high & also compensate him by voting APC again,,,maybe not presidency again coz APC cannot manage the country,but we will give him some pdp states in the north to join to the already apc state tht they will win in 2019.
coz its very obvious Apc wount win 2019 presidency

asEdeyHOT:
Like it is unexpected? Right?

When The buffoon called Jonathan spent all the nation's finances to fund his failed second term aspirations

Nigeria is a mono economy and the oil we depend on is currently almost valueless, so what are the options?

Borrow and use the money judiciously

God bless Buhari

NavierStokes:

And almost 7 times that of saudi Arabia.

kirchofff:
7 times? I guess dat should even be an understatement, cos d last time I checked saudi was less dan 20million while naija was over 170million yet they still produce much more oil barrels dan we do, so what was that lady expecting?

NavierStokes:

I am tired of hearing all these shallow accusations, what do you understand by reserves, how do you think reserves are generated considering that in our economy virtually all the projected income is supposed to go into sharing between the tiers of govt, excess crude acct and sovereign wealth fund. And our constitution is against saving?

Anyways here is an article for you, hope you find the time to read and have a better understanding of our aggressive stance of defending the naira one certain time.
http://emerge-ng.com/newsletter-editr/how-sanusi-put-the-naira-in-trouble/

donbigboy:



Thanks for that article... Very educating !!

May God help this country and it leaders..

Adminisher:


Those monies that Goodluck Jonathan, Dieziani and Dasuki STOLE and they have NOT denied will eventually be recovered.
It is not propaganda. Let Dieziani come to Nigeria now to tell us it is propaganda. We want her to even go on TV where she is hiding and tell us what APC government is saying is propaganda. Then we will believe it. For now you are just an idxxt defending thieves who have more resources to defend themselves but are not. . Go figure.

drss:
borowing $3.5 billion to purchase bmw cars, N700 million website, N1.7 billion aso rock feeding, N182 million for tires, N3 billion aso rock renovation, N38 billion for propaganda n many other frudulent items in d budget of yams. APC govt will bury dis con3 in debts.

TimeManager:
We seek to diversify, but buffons are wailing export restrictions,
We probing to recover stolen funds, buffoons are wailing rule of law,
We borrowing to finance, buffoons yet again wailing more debt profile. There is only but one thing contained in their handout, & that's; wail, wail & wail.
The truth has spoken!

asEdeyHOT:
Like it is unexpected? Right?

When The buffoon called Jonathan spent all the nation's finances to fund his failed second term aspirations

Nigeria is a mono economy and the oil we depend on is currently almost valueless, so what are the options?

Borrow and use the money judiciously

God bless Buhari

emzila:

who do u think we should blame before? when oil was sold for $110plus per barrel what did Jonathan do? Saudi Arabia and other oil exporting nations are facing the same challenge Nigeria is facing but because they saved during d oil price boom, they are able to absorb the shock from oil price burst. if you don't know how the economy works, keep your mouth shot and ask people to explain to you. we have meager foreign reserve to fall back on. the question you should be asking is that what possible would Nigeria have been if Jonathan had won the last election. just like saraki said, I am not worried about the loan but about its uses.

SoNature:


Educated illiterate, where are your punctuation marks?

thundafire:


i guess dy SWF account was funded for dis hard times but amaechi,oshobaba nd co told him 2 share dy mny 2 dem,so nw u c who will u blame will u still blame him wen he refused dy shouted nd nw y cnt dy tell dy world dy made him share dy mny 2 dem

SoNature:


I believe you just started following political events in Nigeria. May I remind you that Nigerian Governors Forum led by Rotimi Amaechi took Jonathan to court insisting he shares among federal, state and LGA excess crude oil money when NOI announced that they want to set up Sovereign Wealth Fund to save the money for rainy day. Yes, your governors said Excess Crude Account was illegal so the money must be shared...suddenly, even the Oshiomholes who benefited from the sharing are turning around to blame NOI and GEJ for our economic woes.