Why is this woman exposing some part of her cleavage here or am i the only one seeing it here..Wont that thing distract some men over there??

http://www.vanguardngr.com/2012/07/budget-2013-fg-to-set-up-sinking-fund-on-domestic-debt-okonjo-iweala/

and why is Nweke Jnr smiling?

Korrection: and why is Nweke Jnr smiling?

I don't understand why Nweke jnr is smiling, he should cry.

Korrection: Why is this woman exposing some part of her cleavage here or am i the only one seeing it here..Wont that thing distract some men over there??

http://www.vanguardngr.com/2012/07/budget-2013-fg-to-set-up-sinking-fund-on-domestic-debt-okonjo-iweala/

Did she tell you to fix your eyes at her cleavage? Abi u no get work?

Nooo...just an observation...work full table plenty...lol

iykak47: Did she tell you to fix your eyes at her cleavage? Abi u no get work?

Na wa o!! Since she joined PDP a lot has been happening around her..

I guess she is trying to distract the journalist so that they wont ask her one of those questions that makes her stammer.

She's obviously utilizing them as a 'distraction tactic' . . .

I've seen this many times - maybe she was about to present somemore bogus schemes and she didn't want to be questioned.

By 'highlighting' the cleavage it will divert most of those guy's attention away from what she's saying.

I've fallen for this many a time!

Budget 2013: FG to set up sinking fund on domestic debt – Okonjo-Iweala

On July 10, 2012 · In News 12:47 amEmail0

By Babajide Komolafe & Lazarus Ibeabuchi
LAGOS — The Federal Government will set up a sinking fund to retire some of the nation’s N5.3 trillion domestic debt stock from 2013 fiscal year, with the aim of gradually reducing the huge domestic debt burden.

Meanwhile, the total wage bill of the Federal Government has risen to N1.6 trillion due to the implementation of the new minimum wage, while 39 per cent of capital expenditure for fiscal 2012 has so far been implemented.



Responding to concerns about the nation’s rising debt profile, she said: “It is indeed true that our debt ratio is alright and sustainable at this moment. That is why the rating agencies upgraded Nigeria when they were downgrading everyone else. Our debt-GDP ratio, if you just take federal debt, it is about 17 per cent—both domestic and foreign. If you add what we have from the states, we could get up to 21 per cent as opposed to a standard of 25 to 30 per cent which we have set for the country.

Slow down on borrowing
“Now, we have to worry about the debt service to revenue. But even if we are okay internationally, we have to look at the composition. It is true that domestic debt is worrying. Our problem is not external debt. Our external debt is very low, two per cent of GDP. But we really need to slowdown the rate of borrowing domestically.

“The interest rate at which the Federal Government and states are raising debt at the moment is too high. We are raising debt at 15 per cent because we need the money to finance our expenditure and finance capital. But if you can raise debt at zero or one per cent somewhere else, which one will you go for?

“So, we need some expertise to manage and balance these. Now, what are we doing? Since I came on board, we have been trying to decelerate the rate of accumulation of domestic debt because since you rammed up expenditure in the past three or four years, you cannot just bring it down overnight, otherwise the country will shut down.

“What we can do is to bring down the trajectory. And we have done that sharply. For 2011 budget, we borrowed N852 billion, we brought this down to N744 billion in 2012 budget and we are going to take it down in 2013 budget. What we are aiming at is to bring it down to a level of about N500 billion in the medium term.

Sinking Fund

“At the same time we already have about N5.9 trillion of domestic debt. The issue is let us deal with the flow, because debt is two things—stock and flow. For the stock, we also begin to retire some so that we don’t continue to keep the debt and making it accumulate. We are proposing in this budget, opening a sinking fund, where we are going to take a chunk of our money and put it there in the fund and we are going to take money and retire one or two of the bonds. So we begin to be responsible. We are not going to just keep on refinancing our debt. This budget is going to be tight. We are going to use money upfront, with Mr. President’s permission to pay our debt.”

FG’s wage bill hit N1.6trn

Director-General Budget Office, Dr. B. Okogu, said increased wage bill was one of the factors for the huge domestic debt profile. He said: “In terms of expenditure, personnel cost accounted for a chunk of the recurrent budget. This includes the 53 per cent increase to civil servant, increase in minimum wage, etc. These contributed to the current wage bill of N1.6 trillion. For the first time, it ran to N1 trillion in 2004, but today, that budget cannot pay salary.

“The external debt has gone down but the local debt has been rising due to the deficit budget over the years and the wage bill contributed to this. We have to manage the debt particularly now that the oil market is slumping.

“Another challenge on the implementation of the budget is that we also have too many ongoing projects which are more than 6,000. For instance, education had 1,374 on-going projects or 22 per cent, health has 968 or 15 per cent, works has 400 or 6 per cent and power has 532 projects, among others. We need about N7 trillion to finish all these.

There is not enough money to implement the budget. But so far we have released about N404 billion for capital expenditure this year of which N304 billion was for first quarter and N100 billion for second quarter. So far, implementation level is about 39 per cent.”


No Wonder She was Shwoing Cleavage - Seems she's not performing as well as she makes out

Face your work! She is a woman of virtue! I believe she has no intention to expose her body! Her brain is enough charm!

As a connoisseur of cleavages, or better still bare jugs of the firm and supple classification, I intend to push for the passage of a legislative bill that will FORBID women over 23 years old from exposing cleavage within Nigeria’s territorial boundaries.

Also BANNED from inflicting visual pollution on the landscape with scanty dressing will be women of all ages who are lard-asses and otherwise out of shape. Punishments for offenders will range from lifetime exile to life in jail with hard labor.

looking for a younger bobo

nimi1: Face your work! She is a woman of virtue! I believe she has no intention to expose her body! Her brain is enough charm!

Can you f... her brain?

In Abuja anything is f...able, even one rejected by husbands for younger babes.