I heard 26b USD has been used for 1 contract under Buhari's Government. Kindly expantiate how naija made 26b USD in 2016 and it's used up by his boy in 2017. Kai, these people are wicked I swear.

mrvitalis:


You just don't want to learn

In 2016 oil revenu was $26bn which even if sold at 500 to dollars gives you around 1.3 trillion
Non oil revenues where close to 1.5 trillion

The federal government wage bill is around 166bn per month

Do the maths ,now how much is left ,

Kachikwu is not a patroit!

.

ok

GameGod:
See his face, poverty stricken brainwashed miscreant.

yea, he's poor, very poor at that but is willing to pay the price for his generation unborn to be free. That's class! Can that be said of you?

Eya, hope that you will live through your tenure I suppose!

Olohun maje!

Eya, so compassionate!

Eya!

obailala:
Abeg what lives did GEJ impact in 2015 with a budget of less than N20bn for Works ministry which saw hundreds of contractors abandoning sites amd sacking workers?

You can't be asking such dumb question naaaaaaa

mrvitalis:


You just don't want to learn

In 2016 oil revenu was $26bn which even if sold at 500 to dollars gives you around 1.3 trillion
Non oil revenues where close to 1.5 trillion

The federal government wage bill is around 166bn per month

Do the maths ,now how much is left ,

Attached is 2015 budget table. As we can see, recurrent exp stands at 1.8trn for personnel cost. Also clearly shown is Government's income standing at 3.6trn based on projected expectations. Even with the huge 1.8trn wage bill a recurrent expenditure of 3.9trn, and an expected income of 3.6trn, GEJ manage to impact lives hugely positively. My question to you is this, basing your assertions of 1.9 trn on wage bill, are you trying to say Buhari's budget was not properly funded? I need you to show proof that Buhari did not borrow to complement for the deficit in funds which you and I know each successive government have been borrowing massively. We all remember Buhari's China loan etc. Now you can't say Buhari Stuck to 2.8trn and did not borrow to cover up the remaining needed funds. So what did Buhari do with the 6 trillion budget? Remember also GEJ administration left ALMOST an empty treasury running into billions of dollars.

obailala:
I'm sorry I wouldnt leave common sense and logic and start dwelling on baseless nonsense. The reason behind everything wrong today in the economy is well documented in facts and figures for any discerning mind to understand. Once again I'm sorry, I would not throw facts and figures away only to settle for gutter interpretations, I am not you.

Like the one that said Nigeria was the fastest economy in 2014/2015 against 4.56 million jobs lost in 2016?

Kemi, was it not magical that when Professor Buhari came into power that naira came tumbling? Is it not because CBN is now allowed to pump dollar into the market that makes the effect relaxing a bit now? Abi you think if Buhari had not gone on maternity leave that dollar wont be 500 naira now? Go and be doing your exchange rate bla bla bla somewhere in the corner of your room. Wake up from that impass where you have decided to believe that the dullard who flew the entire planet his first 6 months without working was a step in the right direction. Let me tell you, or why don't you enter a bus and start travelling round your zone for six months for I assure you, there will be prosperity in your home when you return.

obailala:
Nigeria is an import dependent nation. The price of everything, including things produced in Nigeria is influenced by oil price because oil price influences Nigeria's forex earnings and Nigeria's forex earnings is what determines the exchange rate. In the last 3 years on the average, Nigeria has made only a tiny fraction of the forex it used to make in the recent past and that explains why the exchange rate is messed up presently.

Garri might be produced in Nigeria, but the kerosene put in the ovens used to fry garri is imported and the transportation cost from the farm to the mill and to the market is influenced by imported fuel price. Furthermore, the garri fryer and seller dont live on garri alone, they need fuel in their cars and generators, they need to eat rice (imported) too etc.. No matter how you look at it, the very fact that Nigeria imports petrol alone simply means that anything which affects the exchange rate, affects the price of every single commodity in Nigeria.

And please dont tell me you just tried to compare forex Nigeria gets from selling yams etc to the forex Nigeria gets from selling oil.

It's like Toketimt has not taken his cocaine in days now. Eya, trying to place myself in his shoes to understand how shaky his brain is now. Someone please pass him his cure asap.

Where is this coming from? Can we have your claim backed up with evidence? I know it's not true though, but even at that, let us assume Buhari was given 3 trillion, my brother what did he do with it in 2016? Remember, GEJ's budget prior to the coming of the king of zombies stood around 3 trillion naira with which so many undeniable projects were executed.

mrvitalis:


He estimated 6 trillion got less than 3 trillion hope you can now rest

What did Buhari do with 6 trillion naira Mr. rotten kunt eater.

Toketimt:


Rotten kunt, am plainly telling u that it's plain foolish to blame the sharing of savings on no other but Jonah-daftt himself who got the Lion share. Obj faced the same circumstances yet he did not share as against the Otuoke bastard.

What are you talking about? I asked if Buhari was not given 6 trillion and you are churning up arithmetics

mrvitalis:


That Nigeria gave Buhari is what is called annual earnings which was given to you

If you get that minus 166bn * 12 wage bill and tell me how much was left

You have police ,ASUU ,military and the rest to deal with

You also have loan to pay

Leave all this your Kemi philosophy aside plaese. We all know when the dullard mounted the podium naija headed straight for the rocks.

obailala:
If you care to know why Nigerians were feeling fine and prices were down back then, all you need to do is to compare the amount of forex entering Nigeria back then and the amount entering now; from the records, it was 5 times more in those years. I guess this should be a common sense thing.

Estimate based on what? Will you be earning N1 and estimate to make expenses of 50k? What on earth are you talking about estimate up and down as if it is a greek word? So are you saying that Nigeria was unable to give Buhari 6 trillion? If that is the case, Mr Estimate can you kindly tell us how much Nigeria gave to Buhari out of the 6 trillion that made the dullard not to lay a single block of foundation anywhere int he country as a project besides his daura helipad for easy airlifting...

mrvitalis:


Budget means nothing but estimate it's not money at hand

Stop showing your lack of basic economics

I guess Kemi is behind that toketimt moniker.

Jengem:


You talk like you are keeping malice with economics 101

Earnings right? The Government with a lesser earning came up with a higher budget, and you are asking me how both are related?

mrvitalis:


We are talking about earnings of the two government and you are talking of budget

How do this two thing relate ??

Those questions ar for you to answer in an effort to help your london photo vegetable to see front. Can you please answer the questions? Was it ever said that Nigeria was unable to raise 6 trillion both in accruing revenue and borrowed money for the illiterate in 2016?

henchamb:
Op your mumu never do.
1.. Apparently you based performance on ESTIMATED budget
2. Please ask yourself How much Was released from the estimate to MDAs
3.. Even in the oil boom under Jonathan, what percentage of the 4 trn did he release to MDAs
4.... Yes non oil sector contribute more than 15 percent however they are all import dependent.
5... Import dependent sectors do not do well in an economy facing recession, inflation and leakages both frim past and present administration.
My conclusion... From your analysis you gave -0 knowledge on budgeting and allocation. Hence keep quite

Small waste product, on what premise do you want to compare GEJ to OBJ now? You want to start what you can't finish?

Toketimt:


Indomie pickin, governors also took obj to court to share. Obj never shared. Yes, govs led by Amaechi took him to court because the drunkard and Ngozi were spending the money behind them. but no court order mandated that the money be shared. When money was shared, FG/Jonah-daftt still got the Lion share of over 50%, amaechi u love to hate got less than 3%. It was in the best interest of the Otuoke bastard to share and he did share with nothing to show for it when he wasn't under any compulsion to share like obj.

Are you saying GEJ's budget was not an estimation while Buhari's was an estimation? Are you also implying that Nigeria did not have up to 6 trillion from acrued funds and borrowed funds in 2016 for PMB? If you answer no to both questions, then I bet you are the one deluded in mumuism.

Okoroawusa:

Oga,how many times will dey tell u dat there is difference btw estimated buyer n actual release to MDAs?

Abi u wan make dem shout. b4 u understand?

Go and borrow some sense

idealogical:




The OP basically slaughtered himself with his own ignorant facts and elementary logic.

what is the meaning of this irrelevant question?

mrvitalis:


Do you know the meaning of budget??

Or your just being funny

Who is a man, you? Are you not a zombie?

vedaxcool:
[s][/s]

Shut up, do you think a Man will explain economy to a worm beneath notice?

Don't mind zombies my brother.

deji68:
Make u no mind them...Under OBJ oil was 12$/barrel 1st 2 years of is tenure we no hear complain..

It is not a matter of shut up, I know you are a messy shitty spweing trashy nothing but I just want you to answer what lord sai baba buhari the illiterate northern daura kunu sipping vegetable did with 6 trilion in 2016. Simple! Can you dare to answer?

vedaxcool:
[s][/s]

Shut up already, your thread has been proven garbage that shows illiteracy thinking. so keep shut and live in shame for bringing such a worthless thread that has been disgraced and shamed.

ddippset:
Glad you know that GDP is not the budget. Now if Jonathan's highest budget was 4 trillion naira and the revenue accruing from oil alone was 94 billion dollars(over 12 trillion naira) in one year, that's from oil alone, what happened to the balance of about 8 trillion per year? Is the money they were looting and sharing to girlfriends and pastors from there? You just shot yourself in the foot.

Have you asked yourself what Sai baba did with 6 trillion in 2016? Or are you too ashamed to think in that direction?

And voting in a stack illiterate who has no clue on West Germany in 2016 is what? Genius?

ddippset:
voting out Jonathan is the best thing that ever happened to Nigeria. It's your word against mine. Let's just wait till 2019 and use our pvcs to test out popularity. God forbid Jonathan and his pdp ever again.

Have you heard of sovereign wealth fund and excess crude account before? Have you heard of Rotimi Chibuike Amaechi before? If you have you should then get some understanding.

Toketimt:


Use ur brain. Fg rakes in over 50 % from the Federation account exclusive of ecological funds which is also in custody of fg. While less than 49% goes to states and LG. If we are to go by this figure, that's over 4 trillion alone from Fg. We Av not accounted for Tax(firs), custom etc I put it to u that the vast majority of income was never budgeted for. We were raped for years. Jonah-daftt remain cursed.