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Nairaland Forum / Nairaland / General / Politics / FG Slashes Works Ministry’s Budget From N100bn To 11bn (19654 Views)
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FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 7:43am On Mar 10, 2015 |
The Minister of Works, Mike Onolememen, said the ministry’s N100bn proposed budget for 2015 was slashed by the Ministry of Finance to N11bn, representing an 89 per cent slash. Culled from : www.punchng.com/news/fg-slashes-works-ministrys-budget-from-n100bn-to-n11bn/ leadership.ng/business/416509/2015-budget-ferma-gets-zero-allocation 3 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 7:44am On Mar 10, 2015 |
Bye bye second niger bridge? 85 Likes 4 Shares |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Firefire(m): 7:48am On Mar 10, 2015 |
Interesting..... Problem: He said the Finance ministry predicated its action on the economic realities on the ground. Solution: He however said that due to the lean capital budget, a model of Public Private Partnership was being explored to ensure that more capital projects were carried out this year Lagos state the HQ of APC with bumper harvest of IGR and Federal Allocation inclusive of sharing from the SURE P account still went ahead with Private Partnership and even creating an office for it: http://www.lagosstateppp.gov.ng/projects/ With full transparency, no course for alarm. All mentioned projects by the Jonathan led administration shall be fully achieved as scheduled including the 2nd Niger Bridge. GEJ till 2019! God bless Nigeria. 52 Likes 7 Shares
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Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by LegatusGlaber(m): 7:50am On Mar 10, 2015 |
^ Not forgetting Enugu - PH express way, et al. There are more better ways the govt can adjust to the economic realities on ground. The over-bloated wage bill of the presidency and National assembly members is a good place to start. 57 Likes 3 Shares |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by hardywaltz(m): 7:51am On Mar 10, 2015 |
This why I pith those clowns always shouting Transformation or GEJ 2019 if only they knew what awaits should this clueless clown zoologist get re-elected. Most of the contractors working on FG roads are doing so with loans from banks with the hope that GEJ wins. How they will pay back such loans considering that it's only a mere N11b that was allocated to FMW for over 203 projects is question for another day. 70 Likes 2 Shares |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by lovat(m): 7:51am On Mar 10, 2015 |
That money can't construct Lekki Epe expressway 11 Likes 1 Share |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by lovat(m): 7:53am On Mar 10, 2015 |
I'm not a party to this. In other news it has been revealed that the AC that gutted fire in AIT was supplied by Tinubu. APC needs to stop their destruction. Quote me wrong and experience nervous breakdown Asap 2 Likes 1 Share |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Jk210(f): 7:54am On Mar 10, 2015 |
Austerity measures, no? ![]() Nigerians should get ready for a very bumpy ride ahead. It would have been nice though if our leaders led the way by first slashing their own pay, reducing their very long list of special advisers, political hanger-ons et al, fleets of cars, jets and what have you... Then we can get down to talking austerity 26 Likes 1 Share |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by chinwike2(m): 7:56am On Mar 10, 2015 |
APC is a liar ! ! ! say NO to dictator Buhari ! 10 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 7:57am On Mar 10, 2015 |
lovat:At the Nigerian rate of 1 billion per kilometre, we are in soup Lalasticlala 17 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by TeamSimple(m): 8:14am On Mar 10, 2015 |
No more capital projects until further notice be that.. 4 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 8:19am On Mar 10, 2015 |
What have they done all the while when they where giving the ministry N270billion? the minister should be prosecuted for inept ineptitude. Nonsense. Anyway this is what happens when the government is controlled by prehistoric pen-robbers.. Diezani uses 10 billlion naira to service only her jets. Nigeria is in soup.... We should all kiss capital projects goodbye. This is the transformation gej promised us 28 Likes 1 Share |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by adadadon(m): 8:23am On Mar 10, 2015 |
Firefire:clown the federal roads will still be tolled... bye bye Lagos Ibadan expressway 14 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by lovat(m): 8:24am On Mar 10, 2015 |
Obiagelli:remind me how much was budgeted to construct that road. 2 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by dustmalik: 8:24am On Mar 10, 2015 |
GEJ is steering Nigeria to hell, literally. 13 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Firefire(m): 8:27am On Mar 10, 2015 |
adadadon: Use your reading glass: All the projects done in the HQ of APC with tax payer's money still tolled! dearisgod oooo 6 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by MizMyColi(f): 8:36am On Mar 10, 2015 |
![]() dustmalik: 2 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Mogidi: 8:38am On Mar 10, 2015 |
Obiagelli: Obiagelli being an Igbo woman I'd have thought you'd be sad at the news not rejoice that it could be abandoned. 9 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 8:41am On Mar 10, 2015 |
Firefire:use your head nigg'ur... What has lagos/fashola got to do with this slash? With the dwindling revenue to government and the spiral effect of Naira falling against USDollar on banks’ fortunes how would the ongoing projects embarked upon be completed? Please tell me cause I want to know.. Gej just promised to complete all the ongoing projects before his tenure expires. Modified* Am still waiting for an answer @ firefire ![]() 8 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 8:44am On Mar 10, 2015 |
Obiagelli:Gej never intended to build it 14 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by horpe132(m): 8:46am On Mar 10, 2015 |
******************************************************** I LOVE NIGERIA !!!.........Naija i hail thee 2 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Ngwakwe: 8:48am On Mar 10, 2015 |
IbnSultaan: Obiagelli: Obiagelli, what are you turning into? From available records, the Federal Government has paid its counterpart fund for the bridge already. It seen you are having nightmares by the continuation of this project. 13 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by TheOtherview: 8:49am On Mar 10, 2015 |
So the same administration that is currently sharing our 'national cake' around like confetti, in its quest to be re-elected, actually owes contractors a whopping N230b? I hope the unconscionable morooons on NL, who cannot connect up the dots, are paying close attention. FG Owes Contractors N230b, Says Works MinisterRead more at: http://dailytimes.com.ng/fg-owes-contractors-n230b-says-works-minister/ 7 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Firefire(m): 8:52am On Mar 10, 2015 |
kastonkastrol: when you start using your own head then come back and ask me question... 2 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 8:52am On Mar 10, 2015 |
Mogidi:You read my mood from my post? Interesting. 12 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 8:54am On Mar 10, 2015 |
Firefire:No you want to copy the Tinubu model, interesting. 7 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Jakpon: 8:54am On Mar 10, 2015 |
NIGERIA MUST DIVIDE IN JESUS NAME BIAFRA REPUBLIC MUST BE ACCOMPLISHED IN JESUS NAME 4 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Firefire(m): 8:55am On Mar 10, 2015 |
Obiagelli: You mean the model of the biggest landlord on planet earth ? ![]() 4 Likes 1 Share |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 8:56am On Mar 10, 2015 |
Ngwakwe: Full payment? That's interesting. I must be missing something. Anyways i only asked if this will affect the bridge 6 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by PassingShot(m): 8:56am On Mar 10, 2015 |
Insanity is when you expect a government who failed in managing surplus to be able to manage lean purse. 36 Likes 3 Shares |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Nobody: 8:58am On Mar 10, 2015 |
Firefire:Except that he doesn't own a 500 million naira farm and $700 million was not found in his bedroom 10 Likes |
Re: FG Slashes Works Ministry’s Budget From N100bn To 11bn by Ngwakwe: 8:59am On Mar 10, 2015 |
Instead of learning how austerity budgets are made and applied in times of economic downturn, what we have here are armchair critiques with no recourse to details of projected income. Secondly, supplimentary budget can always be forwarded to NASS at any point in time as the economy and income generation improve. 3 Likes |
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