Amanwulu1:
I pledge to nigeria my country to b faithful, loyal n honest. Are u honestly saying dat current salary can't b sustained wen it is due for review? Governance is indeed more dan running big mouth with untrimmed mustache. I pray for nigeria.

but the civil service is over bloated. Many agencies have staff that don't do anything Monday to Friday. The only thing they do is come to the office and gist and make tea. I served in one of such places. The ideal situation is for most of the redundant staff to be let go of and then the salary of the useful staff can be reviewed.

citizenisb:
http://www.vanguardngr.com/2016/05/n165bn-monthly-salaries-federal-civil-servants-not-sustainable-says-finance-minister/

I bet u spend 50 times dt on governance, so reduce cost of governance nw

Deen77:


You can't change their minds, they know nothing about economy.

My brother. Your last graph says it all . I travel to Saudi Arabia and the Gulf countries every month. It is petrochemicals, chemicals, tourism and malls everywhere. They built something with their oil wealth. Nigeria under Jonathan was the most foolish country on earth. Even Venezuela that I thought was stupid is much better. Jonathan was not exposed enough, confident enough and courageous enough to be President of Nigeria. He was comprehensively messed up by his own people not APC.

Adminisher:


She is focused and realistic. Okonjo did not tell us railways was paying salaries to hundreds of thousands. Where are the trains?
PDP under Jonathan was a LYING/ STEALING government.

Knowing this APC government for what they're,they would soon come out and apologize to railway workers and even increase their payments. This is APC government for you. The records in the last 10 months speak volumes.Eg, Fuel subsidy.

Please can the Minister provide us with the monthly budget for NASS salaries and allawonces ?

Pavarottii:
If them try this one, na here naija go scatter, buhari go know say fuell strong pass kerosene, Occupy will be child's play, compared to d protest that will happen.

Make dem no play that play.

In Nigeria? Hahahahahahahahahahahahaha.

Wake up sire

She said"traveling does not grow the economy"
Please why is Buhari still travelling?

SleekAboki:
Kemi seems overwhelmed! I see fear and paranoia in her eyes.

if you were one it will be worse.........i know for the fact bro

naija is mount Everest that required serious planning

"Last year, we spent N64 billion on travelling and only N90 billion on roads. Travelling does not grow the economy and this must also stop,’’ she said.



Buhari will soon sack your ass.

kunle75:



if you were one it will be worse.........i know for the fact bro

naija is mount Everest that required serious planning

Personally, I like Kemi and rooted for her as the underdog to succeed where my Ngoo babe failed.
Her association with this government that lacks the cutting edge ideas desperately needed to salvage and reposition the nation is doing irreparable damages to her emerging career nationally and internationally.

Adminisher:


My brother. Your last graph says it all . I travel to Saudi Arabia and the Gulf countries every month. It is petrochemicals, chemicals, tourism and malls everywhere. They built something with their oil wealth. Nigeria under Jonathan was the most foolish country on earth. Even Venezuela that I thought was stupid is much better. Jonathan was not exposed enough, confident enough and courageous enough to be President of Nigeria. He was comprehensively messed up by his own people not APC.

It is really silliness to think Jonathan is the architect of our misfortune as a nation. Nigeria has been exporting crude oil for more than 45years. What has happened to the earnings of over 40years he was not on board?

How is Nigeria the most 'foolish' country under Jonathan? How did you arrive at that? Is Nigeria of today any better?

emmasege:
It can't be sustainable because you lack the intellect to manage the nation's resources. You are the worst thing to happen to our economy just like the herdsman who employed you is the worst thing to ever happen to our nation. You can't sustain payment of salaries but you have money to refund campaign expenses in the name of bail-out which you cunningly extended to some PDP states also so that they would not suspect you.
Your gross ineptitude stinks to the heavens and am ashamed you are from my race. You claim to be the nation's chief account officer and yet don't know how much is in the excess crude account and amount that has been recovered through the TSA.

Only a herdsman could have employed a B.Sc. Econs holder with inadequate experience, when there are thousands of highly qualified technocrats in the nation without necessarily going abroad to bring "aloku oyinbo' (white man-rejected). God bless Iweala, Soludo and their seeds. Those are technocrats who spoke authoritatively with facts and figures, and not an ordinary bank teller whose political connection and beauty earned commissioner/minister of finance.

bros easy, you know kemi before...

NaijaEfcc:
"Traveling does not grow the economy and this must also stop" - Adeosun!! is she throwing jabs at Buhari with style?? lol

Have you noticed as well? Thought I was the only one.

emmasege:
It can't be sustainable because you lack the intellect to manage the nation's resources. You are the worst thing to happen to our economy just like the herdsman who employed you is the worst thing to ever happen to our nation. You can't sustain payment of salaries but you have money to refund campaign expenses in the name of bail-out which you cunningly extended to some PDP states also so that they would not suspect you.
Your gross ineptitude stinks to the heavens and am ashamed you are from my race. You claim to be the nation's chief account officer and yet don't know how much is in the excess crude account and amount that has been recovered through the TSA.

Only a herdsman could have employed a B.Sc. Econs holder with inadequate experience, when there are thousands of highly qualified technocrats in the nation without necessarily going abroad to bring "aloku oyinbo' (white man-rejected). God bless Iweala, Soludo and their seeds. Those are technocrats who spoke authoritatively with facts and figures, and not an ordinary bank teller whose political connection and beauty earned commissioner/minister of finance.

Exactly my thought. How can a whole minister of finance refused to know how much we have in excess crude account even the one in TSA she does not have the idea. No wonder the economy is moving down south.

So 40% of the monthly federal budget iss too much for the federal workers welfare? This administration is a joker!

Deen77:


You can't change their mind, but thank God Nigeria has been turn to Zimbabwe.

Every student of economic know what it is to run Nigeria with Crude Oil Crash.

$140 x 2,000,000 = $280 million, Jonathan government.
$30 x 2,000,000 = $60 million, Buhari government.

The oil prices you quoted are wrong. Oil price never exceeded $110 in last 5 years.
See official below OPEC basket price for guidance.

Also, your multiplications are misleading because it assumes that FGN owns 100% equity in the JV oil companies in Nigeria, and hence 100% of the oil produced. On average govt owns about 60% equity in the JV the rest goes to the oil companies. Hence FGN only lifts 60% of the oil produced. The oil companies lift the balance for themselves.

For most of the deep offshore blocks which produce huge volumes, the operating contract is PSC which is even worse, because the operators are on steep cost recovery trajectory, and govt gets peanuts.

Adminisher:


My brother. Your last graph says it all . I travel to Saudi Arabia and the Gulf countries every month. It is petrochemicals, chemicals, tourism and malls everywhere. They built something with their oil wealth. Nigeria under Jonathan was the most foolish counntry on earth. Even Venezuela that I thought was stupid is much better. Jonathan was not exposed enough, confident enough and courageous enough to be President of Nigeria. He was comprehensively messed up by his own people not APC.

THANK YOU FOR THIS!!!

“Last year, we spent N64 billion on travelling and only N90 billion on roads. Travelling does not grow the economy and this must also stop,’’ she said.
The minister said that the compound GDP of the country had been growing negatively in the last 10 years and the administration was working to correct the trend."

Hope Buhari will accept the above recommendation sha?

otokx:


Bad alarm, we are buying petrol for 120 per litre in Port Harcourt with no queue.

Nigerians can be stupid at times.....he was referring to Abuja n ure talking abt PH watin do ur brain......just stfu if u have nothing to say

this woman talks rubbish most times.

Only customs makes close or even more than 200billion monthly in IGR.
......
What abt the billion of dollars thy make monthly from oil.

Who makes all these money. Are thy not thesame poorly paid civil servant.

She lacks economic foresight.....

Then you people must resign. Enough all this una try and luck.

Nigeria is suffering a worsening bout of oil disruption that has pushed production to the lowest in 20 years, as attacks against facilities in the energy-rich but impoverished nation increase in number and audacity.

Chevron Corp. said on Friday it had shut down about 90,000 barrels a day of output following an attack on an offshore platform that serves as a gathering point for production from several fields. Even before that strike on Wednesday night, Nigerian oil production had fallen below 1.7 million barrels a day for the first time since 1994, according to data compiled by Bloomberg.

“This is some very, very sophisticated brazen attack,” said Dolapo Oni, the Lagos-based head of energy research at Ecobank Transnational Inc. “It is a resurgence of militancy. These guys don’t seem to be after money. They just want to frustrate the government.”

The fresh round of attacks come after President Muhammadu Buhari vowed to stamp out corruption and oil theft. They echo a campaign waged by the self-proclaimed Movement for the Emancipation of the Niger Delta between 2006 and 2009, which cost the Nigerian government billions of dollars of lost oil revenue.

That violence abated after thousands of fighters accepted an amnesty from late-President Umaru Musa Yar’Adua and disarmed, in exchange for monthly payments from the government in some cases.

SleekAboki:

Personally, I like Kemi and rooted for her as the underdog to succeed where my Ngoo babe failed.
Her association with this government that lacks the cutting edge ideas desperately needed to salvage and reposition the nation is doing irreparable damages to her emerging career nationally and internationally.

on this i cant agree less with you

Ministry of Labour should look into this issue:

Recently, Genesis Group Nigeria, the company that owns the Genesis Restaurant and Deluxe Cinemas chain cut workers’ salaries by various percentages, with some workers even getting a 50% pay cut and some getting sacked for no reason but “the situation of the economy”.

Yes, we all know the economy is bad but as insiders, we know how much the company makes monthly and how much of our blood and sweat is put into making those billions for them.

Sometimes we are slaved tirelessly, even till late hours without getting paid overtime (company policy) all in the name of meeting “a quota”. Note: The economy doesn’t affect the company, they increased prices of their food et al to match the situation, yet they’re cutting salaries. Even if they didn’t increase prices, they would still be making profits of over 70% on most items.

Drivers and Kitchen Staff that previously earned a meagre N30,000 now earn between N15000 – N20000 and most of them can barely afford to feed their families, not to even talk about fees, rent and other bills.

A widow who works as a staff here said one of her 2 children has to stay at home next term because she can’t afford his school fees and she’s hardly employable anywhere else. The rate at which people are being laid off is unfair & inhumane not to talk about the way staff are treated.

I’ve worked in this company for years and each day I pray to God that I find a better job at a company that values its workers. Honestly, over 95% of staff here are only here because they haven’t gotten anything better and would gladly leave at the slightest opportunity.

The company owns several restaurants but can’t feed its workers properly, the food we are given is what prisoners would reject, most times its half-cooked, excessively salty, no maggi and the worst of all, no meat and they can’t even provide water for us to drink.

I am pained, I am angry, how do I explain to my children that they can no longer have 3 square meals because “my oga at the top” is a heartless and inconsiderate man who only cares about how much he makes while neglecting the large number of families he’s destroying.

If you go to any Genesis Fast food, you’d never know of our plight because the staff are forced to put on fake smiles and pretend to customers, while suffering inside. There’s no point for people to patronize Genesis anymore when despite all the money you spend, it’s all going to the pocket of one person while we the “money generators” are treated like slaves.

We have nobody to fight for us. Anybody that opposes, gets fired instantly and their terminal benefits forfeited. We know that even if the economy gets better tomorrow, our salaries will not be restored because we work for greedy sets of human beings.

We live in a country where employers get away with all sorts of things because the system doesn’t work. A company where your boss can walk in and slap you for no reason or maybe because someone annoyed him at home, is that one company?

To all of you bringing your CVs, we here are struggling to leave. God help us all. Shalom.

I have always maintained my stand on subsidy and Government work. All parastatals should be privatised and self sustaining. The only thing Government should carry is the essentials like Defence/Security, Education and health.

obailala:
Another rudderless rantings from another pained jonathanian who is yet to overcome the trauma of election loss. Its been over a year bro, get yourself together.

After your lords ran down the nation, you handed over a carcass and are expecting a miracle even when revenues have significantly dwindled, nonsense reasoning! Meanwhile to deflate your ignorance, more pdp states received bailouts than apc controlled states.

And u never bothered to ponder, why would ur lords go for carcass, when it was obvious they couldn't resurrect it. They told all sorts of lies, employed wicked propaganda and destructively criticised our lords. They threatened to run parallel govt should the election be rigged even though we were honest with our promise of free and fair elections. It never occurred to u that ur lords were power hungry without any plan to govern. Debates were organized for all to come explain on how to make the country great but ur lords evaded it and accused our lords of fraud( that the system has been hijacked). We even reminded u of the despotic past of ur chief lord but all we heard was, 'politics of calumny'. Our lords wanted to transform but urs insisted on change. We expected ur lords to reject a carcass little did we know they ar scavengers.

zooster:


And u never bothered to ponder, why would ur lords go for carcass, when it was obvious they couldn't resurrect it. They told all sorts of lies, employed wicked propaganda and destructively criticised our lords. They threatened to run parallel govt should the election be rigged even though we were honest with our promise of free and fair elections. It never occurred to u that ur lords were power hungry without any plan to govern. Debates were organized for all to come explain on how to make the country great but ur lords evaded it and accused our lords of fraud( that the system has been hijacked). We even reminded u of the despotic past of ur chief lord but all we heard was, 'politics of calumny'. Our lords wanted to transform but urs insisted on change. We expected ur lords to reject a carcass little did we know they ar scavengers.

Transform their pockets like they've been doing for 16 years right?... Or do you mean transforming the nation by speedily running down the national savings and accumulating unbelievable debts even at a time when the nation experienced unprecedented high income?... what an irony?... and then you expect wonders to happen when oil price has dropped by over 60% and the to further compound matters, the nation's oil production has dropped by almost 40% (thanks to your militant friends and their political sponsors). Oh yes, the nation is grounded, my mind is at much peace with my political choice because I can see and discern very well, the reason behind the present turmoil.