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Nairaland Forum / Nairaland / General / Politics / FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun (11995 Views)
We’ve Cleared Ways And Means Debt Of Over ₦30 Trillion - Tinubu / Edun: We Have Paid ₦4.8 Out Of ₦7.3 Trillion Ways & Means Advances / Senators Trade Words Over ₦29 Trillion Ways And Means Funds (2) (3) (4)
FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by emkz: 11:19am On Feb 20 |
The Federal Government has resolved to audit the N23 trillion Ways and Means debt hanging on its neck. https://thenationonlineng.net/breaking-fg-set-to-audit-n23tr-ways-and-means-edun/ 26 Likes
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Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by emkz: 11:21am On Feb 20 |
For starters, "ways and means" in the Nigerian context occurs when the Federal Government obtains loans from the Central Bank of Nigeria (CBN). Yes, the Federal Government is allowed to borrow from the apex bank through “ways and means” to meet short-term needs or emergencies. This explains why the CBN is known as “lender of last resort.”https://www.dataphyte.com/latest-reports/explainer-can-tinubu-resolve-the-ways-and-means-problem/ This means the Central Bank of Nigeria (CBN) has been lending to the federal government against its laws, which stipulate that the government is not supposed to borrow more than 5% of its previous year’s revenues from the CBN. In fact, the CBN breached this rule by lending up to 91.27% of the federal government’s 2021 revenues in 2022, throwing such fiscal guardrail into the dust. This process was breached serially, and the current securitisation was the validation of the illegality.https://www.thecable.ng/expanding-debt-without-accountability-ways-and-means 28 Likes 4 Shares |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Moneywirer: 11:27am On Feb 20 |
Let us keep folding our arms till everything goes berserk. 3 Likes |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Treasure17(m): 11:52am On Feb 20 |
Someone promised to change Nigeria from a consuming nation to a producing nation but Nigerians looked away. 35 Likes 3 Shares |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by RepoMan007: 11:54am On Feb 20 |
Tinubu equally suggested printing of money to Buhari so what's the point trying to blame someone who did what you advised his Oga? This political persecution and not normal government process. RepoMan007: 15 Likes 2 Shares |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by obataokenwa(m): 2:46pm On Feb 20 |
Audit who? A man that is scared of the past administration with all the power he has. This guys stole every dime before they left and stole in advance of four years of another person. What did Tinubu do? He arrested Emefiele and was scared of the North that headed the whole important parastatals. Until this man arrest everyone involved and throw the keys away, there's no way around it. Same people are responsible for the downward trend of the economy cos they're threatening his second term if he touch them. Money that was signed and can't be traced to any tangible project...and the people in charge are free. Only CBN governor was a scape goat and a man confidently accused him of forging signature and Tinubu believed without arresting the stupid man for more questioning. Let him continue playing with them. Sack all the present ministers and appoint brutal men and restrategise as all his plan is known and no plan anymore. 14 Likes 2 Shares |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by FOOTSOLDIER2(f): 2:46pm On Feb 20 |
set to, about to, we will, we shall, vowed to, promised to, everything about this government is in future terms... Tinubu get your ass up the seat and get to work bro, the people are suffering 20 Likes 1 Share |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by nairalanda1(m): 2:47pm On Feb 20 |
FYI that's one of the ways government over the years funded subsides Modified For people who do not believe me and who think I am lying , see the article Reflections on fuel subsidy regime in the Nigerians Guardian of August 14 2022. That's how I first heard of ways and means. And how it funds budget deficits induced by subsidy 27 Likes 1 Share |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Skillsnigeria: 2:47pm On Feb 20 |
Okay |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Jimafe31: 2:48pm On Feb 20 |
Where are Helinues, Vulture Griller and other Homo Erectuses who supported APC before during and after the election of last year? 6 Likes |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by EmperorCaesar(m): 2:48pm On Feb 20 |
What dept does this guy work with? CBN or Finance?? With his expertise, I believe we will do well |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Mentorex(m): 2:48pm On Feb 20 |
We hope for the best |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by PHZADDY1(m): 2:48pm On Feb 20 |
Sophisticated people don dey suffocate This people na only writing them sabi 5 Likes |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Fortunepro11: 2:48pm On Feb 20 |
Ok |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by REDshouse(m): 2:49pm On Feb 20 |
Treasure17:. That so called person was unable to change his state from over dependence on FG allocation in 8yrs and can't even add to revenue of his state in 8yrs ... Promise most times are future impossible tense ... 10 Likes 3 Shares |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by EmperorCaesar(m): 2:50pm On Feb 20 |
RepoMan007: Wetin u read, wetin u dey talk Be like una just dey comment for the sake of it Na to attack the FG wey no dey here dey read una comment dey always dey una mind 3 Likes |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Fiscus105(m): 2:50pm On Feb 20 |
I think you guys should go after every politicians that held office and appointees of govt from 99 til 2023. That only possible way you can realise money to run ur govt ooo. Soooooooo much govt money in the pockets of those that were in govt in the past. 2 Likes 1 Share |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Lavor234: 2:51pm On Feb 20 |
Economic Frauds.. Motion without movement |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Ekakamba: 2:51pm On Feb 20 |
Naija Government! Doing the right things on paper with poor outcome/impact on its citizens. |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by meum: 2:51pm On Feb 20 |
All Promises Congress (set to, we will, etc) All Promises Cancelled (we are very broke) 1 Like |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by PortHarcourtcit(m): 2:51pm On Feb 20 |
Emefiele and BUHARI did Nigeria evil... 4 Likes |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Spartachizzy: 2:51pm On Feb 20 |
Who is or who are this Federal Government that's always borrowing money up and down. SOMEBODY PLEASE EDUCATE ME |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by atobs4real(m): 2:52pm On Feb 20 |
Always auditing. Keep the audit up. No moving forward but only acting backwards. |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Nwodosis(m): 2:52pm On Feb 20 |
Buhari has forewarned that if he is disturbed he will relocate to Niger Republic. Let nobody disturb him o 2 Likes |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by atobs4real(m): 2:52pm On Feb 20 |
Always auditing. Keep the audit up. No moving forward but only acting backwards. Nigeria is sitting on a time bomb with this hunger 1 Like |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by atobs4real(m): 2:52pm On Feb 20 |
Always auditing. Keep the audit up. No moving forward but only acting backwards. Nigeria is sitting on a time bomb with this hunger Step up your games 2 Likes |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by owolabi5: 2:53pm On Feb 20 |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by ZKOSOSO(m): 2:53pm On Feb 20 |
Na now we no say Tinubu Wan serious small for dis govt... Bring back our billions of Dollars stolen by Buhari and his Fulanization crew |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by Babastrong(m): 2:53pm On Feb 20 |
[quote author=Treasure17 post=128550308]Someone promised to change Nigeria from a consuming nation to a producing nation but Nigerians looked away. [YES, Because he himself had never produced anything in his entire life.] 3 Likes |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by masseratti: 2:54pm On Feb 20 |
Too much Grammer.... Am not sure this guys are up to the task at all.. |
Re: FG Set To Audit ₦23 Trillion Ways And Means Debt – Edun by kokakola: 2:54pm On Feb 20 |
Do your Home work in silent and underground then Announce your Result in the open. Too much noise when it comes to governance in this country; at the end, no Result to show for the noise pollution. |
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