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Nairaland Forum / Nairaland / General / Politics / Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced (12354 Views)
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Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by iwaeda: 12:45pm On Aug 07 |
Plateau State Governor, Caleb Muftwang, said yesterday that though the monthly federal allocation disbursed to state governments had risen, the purchasing power and the real value of the money allocated has “decreased significantly” due to the inflationary pressure on the economy and the wobbling naira. https://www.vanguardngr.com/2024/08/increased-allocation-muftwang-tells-tinubu-purchasing-value-of-faac-has-decreased/ 21 Likes 1 Share
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Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by HIGHESTPOPORI(m): 12:48pm On Aug 07 |
Very true 66 Likes 7 Shares |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by sholatech(m): 12:57pm On Aug 07 |
Brilliant submission by Governor Muftwang 81 Likes 6 Shares |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by sIfioksq: 12:58pm On Aug 07 |
Tinubu is working hard to ensure that resources are managed effectively. It's not easy, but with his leadership, we trust that better days are ahead for Nigeria. Let's keep supporting our President as he navigates these challenges. 18 Likes 4 Shares |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by okeyley: 1:15pm On Aug 07 |
All these bots sef using chat gpt erodding the sweetness of this forum Back to the topic Even our minimum wage is less than $40 so how man pikin go take survive The Governor said it all 72 Likes 6 Shares |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by CodeTemplar: 1:18pm On Aug 07 |
Purchasing value must diminish because all the useless state govt do is spend and increase expenses in addition to looting for their next public office aspiration. 15 Likes 1 Share |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by CodeTemplar: 1:21pm On Aug 07 |
sIfioksq:Tinubu is like the useless state gov in a lot of ways. He is just plundering and spending on non productive things. There is no progress neither is there about to be any. Flyovers and highways wont solve any of our immediate challenges. 19 Likes 1 Share |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by CodeTemplar: 1:25pm On Aug 07 |
“We are still a consumer nation; many of the things we are using in governance are imported and so they are dollar-denominated.” That's because they use the allocation to pay idle loyalists and loot the remaining via unviable projects. What are your state workers producing? 5 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by Salewa97: 1:26pm On Aug 07 |
Tinubu is navigating a tough economic landscape, no doubt. The challenges of inflation are real, but I believe he’s committed to finding solutions. Let’s give him some time to implement the policies that will truly benefit the masses. Progress takes patience. 77 Likes 2 Shares |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by favor914: 1:27pm On Aug 07 |
HIGHESTPOPORI:A clueless failure must have an excuse. You cannot do anything with the free money given to you from Abuja, you never even tell us about the internally generated revenue una raise, how much you generated, & what was done with it. Na the free money from Abuja no reach una to add any value to society abi? You laziness is your pitfall, the destruction of the poor is their poverty. 71 Likes 1 Share |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by RenaissanceGuy: 1:30pm On Aug 07 |
The way the FG keeps on harping on increase in revenue generation and FARC sharing shows that they are economic illiterates. The increase is due to our poor exchange rate which also consequentially reduces the value. The value of ₦2bn of 1 years ago is now around ₦750m. Is this so hard to understand?? 17 Likes 2 Shares |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by favor914: 1:33pm On Aug 07 |
RenaissanceGuy:Economic & social Illiterates please be silent, states that were collecting 2 billion Naira 2 years ago, are collecting 6 billion Naira today, yet these incoherent clowns say money no reach, and their confused damned citizens say na President fault. How much money were you & your state government able to raise on your own, to complement the free money from Abuja? 71 Likes 1 Share
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Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by RenaissanceGuy: 1:37pm On Aug 07 |
favor914:Can state governors initiate fuel subsidy?? Are people protesting against bad roads or schools or lack of payment of salaries by the state governments?? Was it not petrol subsidy removal that's the bane of the current hyperinflation that people are protesting about?? favor914:God will punish that your stupidity. Who's things?? You only resorted to insults because you know you've lost the argument. 13 Likes 1 Share |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by CodeTemplar: 1:41pm On Aug 07 |
RenaissanceGuy:There was a significant increase before currency was finally floated. What did they achieve with the increase if not to take substantial chunk of the fund back to the forex to increase demand for it and worsen the situation? 4 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by dinomalaiye: 1:41pm On Aug 07 |
You think mr. 1st class accanting graduate president dosent know? Is he nor the one that removed subsidy and exchange rate? 1 Like |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by Philipponzaghi: 1:41pm On Aug 07 |
Tinubu is trying to stabilize the economy amidst these challenges. The reality is that the past administrations left us with a mess. Let's focus on solutions instead of just complaints. The future is bright if we all play our part! 72 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by Joevics(m): 1:44pm On Aug 07 |
What about citizens? Would you use a platform where you can buy and sell quality used clothes at affordable prices? Yes = Like No = Share 3 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by CodeTemplar: 1:46pm On Aug 07 |
Philipponzaghi:How will biilding a redundant road and tolling it fix mess? A road with alternative you cannot force people to use. it means future govt will ignore existing roads in order to force usage and corresponding revenue increase via tolls. 3 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by RenaissanceGuy: 1:51pm On Aug 07 |
CodeTemplar:So, is that why Nigerians are currently protesting?? Are the protests against the governors?? Are the governors responsible for the removal of fuel subsidy?? 4 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by CodeTemplar: 1:53pm On Aug 07 |
RenaissanceGuy:The protwst has been hijacked to table unreasonable offers by politicl adversaries. Subsidy was removed majorly to keep allocations flowing so it is up to the gorvenors to reduce any hardship subsidy removal brings and not the FG. 2 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by Igbofirstfarmer: 1:59pm On Aug 07 |
of course |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by Chinkoalhaji34: 2:02pm On Aug 07 |
E be like say dem no dey reason well for this country. Tinubu dey try his best, make we support am instead of complaining. We go get there if we work together. 50 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by favor914: 2:13pm On Aug 07 |
RenaissanceGuy:The reason why you Things are suffering in that Zoo is because of the massive high level of ignorance that prevails amongst you lot. 47 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by Kukutente23: 2:23pm On Aug 07 |
CodeTemplar:Keep quiet The governors get a combined allocation of 26% while the FG gets 52%. Are you saying only the governors with 26% should reduce hardship? Did the govs remove subsidy or devalue naira? The fact is that the FG is responsible for the current hardship. End of story 5 Likes 1 Share |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by gnykelly(m): 2:28pm On Aug 07 |
This guys are not creative with their allocation. 2 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by nedu666: 2:29pm On Aug 07 |
favor914: You are the economic illiterate that needs to stfu. Which state was collecting 2billion 2 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by Gotocourt: 2:30pm On Aug 07 |
Cardoso kindly Tell tulumbu to cancel Naira floating 2 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by trutharena: 2:52pm On Aug 07 |
Muftwang, are we now blaming Tinubu for the global economy? Let's focus on solutions rather than playing the blame game. 3 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by Isokiscool(m): 3:27pm On Aug 07 |
Very true,the value of the same allocation has decreased due to the mismanagement of the economy by the Tinubu led federal government 2 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by CityGate33: 3:33pm On Aug 07 |
This is bane of the economy at this point It's not about the amount of money but the value of it Most of the commodities we use are mainly dollarized and with the current rate you are almost left with nothing Only people enjoying this now are those who earn in dollars and other foreign currencies 2 Likes |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by TTPAAR(m): 3:33pm On Aug 07 |
Make I book space! |
Re: Increased Allocation: Muftwang Tells Tinubu Purchasing Value Of FAAC Has Reduced by DropsMic(m): 3:33pm On Aug 07 |
J |
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