adconline:

Another partisan brigand without encephalon talking.
2015 budget with oil proceeds is N4.45tn.. So N960bn in a quarter is close to 25% of N4.4tn..
Here is PWC( if u know what it means Google) report to read
https://www.pwc.com/ng/en/assets/pdf/nigerias-2015-budget.pdf

Just shut up. Have put into consideration the amount of money we have been losing in the last six years to oil thieves, Nigerian Customs and a lot of other revenue bodies? In the last five years Nigeria has been losing between 2-3 Trillion Naira per year into private pockets.

The money being lost in the last 5-6 years are now being gained back through probing, repatriation of stolen funds and TSA. With all these measures in place, funding 8 Trillion Naira budget won't be a so difficult task.

baralatie:

you will get at least #1.9 trillion from oil proceeds at $65 where are you going to get #6.1 trillion for federal budget alone add this to another required #4.4 trillion to be shared to states and l.g
you practically need #12trillion non oil receipts!
oya start ,over to you!

FIRS generated close to 5 thrillion naira last year.

> Business > Industries > [size=13pt] FIRS generates N4.69tn revenue in 2014 [/size]
FIRS generates N4.69tn revenue in 2014

By BusinessNews Staff on January 31, 2015
48SHARESSHARE TWEET SHARE SHARE
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The Federal Inland Revenue Service (FIRS) said on Thursday that it generated N4.69 trillion from taxes for the federal government in 2014.

FIRS said in its Quarterly Revenue Report issued in Abuja that the figure surpassed its target for the year by about N400 billion. The report showed that the 2014 revenue was about N106 billion less than that of 2013, which stood at N4.80 trillion.

eye4eye:


Just shut up. Have put into consideration the amount of money we have been losing in the last six years to oil thieves, Nigerian Customs and a lot of other revenue bodies? In the last five years Nigeria has been losing between 2-3 Trillion Naira per year into private pockets.

The money being lost in the last 5-6 years are now being gained back through probing, repatriation of stolen funds and TSA. With all these measures in place, funding 8 Trillion Naira budget won't be a so difficult task.

Always relying on nothing or fantasy to argue. Your imaginative numbers have to be captured in the budget before u can spend them, but for now, they aren't part of govt income.. You are sounding like someone who doesn't know the difference income and expenditure. It's like counting the amount of money you are losing to thieves, house boys/girls, girlfriend and concubines as part of ur net worth... Banks will slap the hell out of u.

adconline:

Talking from a position of ignorance.. VP, Osibanjo said that N2tn out of N8tn budget would be for capital budget.. That's 25%.. If how can GMB increase it to 50%? It's unprecedented in the history of modern Naija to have capital project at 50%... Facts aren't on ur side to back it up. OBJ had about 35% while GEJ had about 30%...
Back to the issue, you can't double put national budget without doubling income.. Banks don't have the financial muscle to lend to Naija.. Private banks can't fund budgets... Why didn't Greece, Ireland, Iceland with better credit rating as their private banks to find their budget?? Facts are not on side on this as well. Show me the facts not sentiments

Pls paste where VP said 2 out of 8 trillion for capital expenditure and you win the argument.
I was talking of our former 4 or 5 trillion budget o .
about facts not on my side
fashola did it differently from tinubu in Lagos
HSBC,Blackstone et al have over capacity to lend you if you need it.who is talking about our chicken change cash centres (na bank be these ones),mtscheew local champions)

Greece and Co have over borrowed (I'm too lazy to get figures but not 5 ~10 billiom dollar levels Wey we de scrounge at)

I repeat, it's possible if we are serious (I can't vouch for apc,and I know buhari not interested in economy)
but if it is possible only and ONLY with willing individuals in power not the crooks we have now. it's a pity buhari was fixed on jailing corrupt ppl and not economic transformation

mikolo80:
Pls paste where VP said 2 out of 8 trillion for capital expenditure and you win the argument.
I was talking of our former 4 or 5 trillion budget o .
about facts not on my side
fashola did it differently from tinubu in Lagos
HSBC,Blackstone et al have over capacity to lend you if you need it.who is talking about our chicken change cash centres (na bank be these ones),mtscheew local champions)

Greece and Co have over borrowed (I'm too lazy to get figures but not 5 ~10 billiom dollar levels Wey we de scrounge at)

I repeat, it's possible if we are serious (I can't vouch for apc,and I know buhari not interested in economy)
but if it is possible only and ONLY with willing individuals in power not the crooks we have now. it's a pity buhari was fixed on jailing corrupt ppl and not economic transformation

Here is a link to read.


https://www.nairaland.com/2717073/fg-plans-n8tn-budget-2016

adconline:


Here is a link to read.


https://www.nairaland.com/2717073/fg-plans-n8tn-budget-2016

The Federal Government is currently working on the 2016 budget that will be between N7tn and N8tn. The figures are higher than the 2015 budget of N4.4tn.Vice President Yemi Osinbajo disclosed this in a paper entitled: ‘The economy – Where we are today’, which he delivered at a presidentialretreat organised by the Office of the Secretary to the Government of the Federation for ministers-designate on Thursday.The retreat, which ends today (Friday), is holding behind closed-doors inside the old Banquet Hall of the Presidential Villa, Abuja, and has ‘Delivering change: From precepts to practice’ as its theme.According to a copy of the paper obtained by our correspondent, Osinbajo told his audience that the government was working towards pegging capital expenditure in the 2016 budget at N2tn.This, he said, was against the N1.31tn allocated to capital expenditure in this year’s budget
.

He further said that while the percentage of capital expenditure to recurrent expenditure in the 2015 budget was 19.4, the government would propose 40 per cent for next year’s budget.

Osinbajo said, “The budget process will be zero based, a method of budgeting by which all expenses must be justified for each new budget year.“For the Medium Term Expenditure Framework, the actual 2015 budget is N4.4tn, while the proposed 2016 budget will be N7tn to N8tn.“Capital expenditure for the 2015 budget is N1.31tn, while the proposed capital expenditure for 2016 is N2tn.”The vice president also disclosed that 655 Ministries, Departments and Agencies of the Federal Government had so far registered for the Treasury Single Account domiciled with the Central Bank of Nigeria.He put the number of TSA sub-accounts so far created by the CBN at 755.Osinbajo further said that 518 MDAs had been verified and now had access to the central bank’s accounts.Despite the September 15 deadline given to all the MDAs to key into the TSA system, the vice president said 137 MDAs had yet to complywith the directive.He added that a total of N1.4tn had so far been paid into the TSA to date.A TSA is a unified structure of government bank accounts enabling consolidation and optimal utilisation of cash resources.It is a bank account or a set of linked bank accounts through which the government transacts all its receipts and payments, and gets a consolidated view of its cash position at any given time.While giving an overview of the current state of the nation’s economy, Osinbajo noted that Nigeria experienced its worst economic decline in decades in May 2015.“In May 2015, Nigeria experienced its worst economic decline in decades with sharp decline in oil prices from an average of $105 between 2011 and 2014, to $45 in 2015; foreign reserves at 10-year low of $29.595bn; oil production has declined to 2.05 million barrels per day; and power supply down to less than 3,000MW,” he said.

see bolded above and tell me Who is displaying ignorance(be honourable and admit) as I would've if you had shown me 25%

[quote author=mikolo80 post=40171507][/quote]

I guess you dont know that the budget does not comprise of revenue or income alone. The proposed 8Trillion comprises of both income and expenditure figures.

Degis:


I guess you dont know that the budget does not comprise of revenue or income alone. The proposed 8Trillion comprises of both income and expenditure figures.

so basically you're going to keep arguing blindly even after being proved wrong WITH YOUR ARTICLE. OK stubbornness is allowed. you wanna learn the hard way, go ahead, be my guest

mikolo80:
The Federal Government is currently working on the 2016 budget that will be between N7tn and N8tn. The figures are higher than the 2015 budget of N4.4tn.Vice President Yemi Osinbajo disclosed this in a paper entitled: ‘The economy – Where we are today’, which he delivered at a presidentialretreat organised by the Office of the Secretary to the Government of the Federation for ministers-designate on Thursday.The retreat, which ends today (Friday), is holding behind closed-doors inside the old Banquet Hall of the Presidential Villa, Abuja, and has ‘Delivering change: From precepts to practice’ as its theme.According to a copy of the paper obtained by our correspondent, Osinbajo told his audience that the government was working towards pegging capital expenditure in the 2016 budget at N2tn.This, he said, was against the N1.31tn allocated to capital expenditure in this year’s budget
.

He further said that while the percentage of capital expenditure to recurrent expenditure in the 2015 budget was 19.4, the government would propose 40 per cent for next year’s budget.

Osinbajo said, “The budget process will be zero based, a method of budgeting by which all expenses must be justified for each new budget year.“For the Medium Term Expenditure Framework, the actual 2015 budget is N4.4tn, while the proposed 2016 budget will be N7tn to N8tn.“Capital expenditure for the 2015 budget is N1.31tn, while the proposed capital expenditure for 2016 is N2tn.”The vice president also disclosed that 655 Ministries, Departments and Agencies of the Federal Government had so far registered for the Treasury Single Account domiciled with the Central Bank of Nigeria.He put the number of TSA sub-accounts so far created by the CBN at 755.Osinbajo further said that 518 MDAs had been verified and now had access to the central bank’s accounts.Despite the September 15 deadline given to all the MDAs to key into the TSA system, the vice president said 137 MDAs had yet to complywith the directive.He added that a total of N1.4tn had so far been paid into the TSA to date.A TSA is a unified structure of government bank accounts enabling consolidation and optimal utilisation of cash resources.It is a bank account or a set of linked bank accounts through which the government transacts all its receipts and payments, and gets a consolidated view of its cash position at any given time.While giving an overview of the current state of the nation’s economy, Osinbajo noted that Nigeria experienced its worst economic decline in decades in May 2015.“In May 2015, Nigeria experienced its worst economic decline in decades with sharp decline in oil prices from an average of $105 between 2011 and 2014, to $45 in 2015; foreign reserves at 10-year low of $29.595bn; oil production has declined to 2.05 million barrels per day; and power supply down to less than 3,000MW,” he said.

see bolded above and tell me Who is displaying ignorance(be honourable and admit) as I would've if you had shown me 25%

You are numerically challenged

VP quote
"Osibanjo told his audience that the government was working towards pegging capital expenditure in the 2016 budget at N2tn."

So N2tn out of N8tn is 25% not 40% as he said. Like thoughtless leaders like clueless followers.

adconline:


You are numerically challenged

VP quote
"Osibanjo told his audience that the government was working towards pegging capital expenditure in the 2016 budget at N2tn."

So N2tn out of N8tn is 25% not 40% as he said. Like thoughtless leaders like clueless followers.

and you are EnglishiCally deficient

he said 'raise from 1.31 to 2 trill out of 4.4 trill for 2015
and 40% of 2016

I advise you ask for refund from your English teachers cos it will constantly affect your ability to solve word problems

mikolo80:
and you are EnglishiCally deficient

he said 'raise from 1.31 to 2 trill out of 4.4 trill for 2015
and 40% of 2016

I advise you ask for refund from your English teachers cos it will constantly affect your ability to solve word problems

What a wasted generation that can't interprete a simple numerical data.
2015 budget was passed under GEJ, so GMB doesn't have the power to unilaterally increase the budget from 1.3tn to 2tn.. He can submit a supplementary budget to NASS. From 1.3tn to 2tn is not 40% by a whopping 53.8%.. So ur numbers don't add up.
His proposed 2016 budget, which GMB has the power to put together, is 8tn and 2tn out of that is for capital project - which is just 25% of the total budget.. Go back to JSS for basic arithmetic
What an arrogant display of sophisticated idiocy on full HD.

adconline:

What a wasted generation that can't interprete a simple numerical data.
2015 budget was passed under GEJ, so GMB doesn't have the power to unilaterally increase the budget from 1.3tn to 2tn.. He can submit a supplementary budget to NASS. From 1.3tn to 2tn is not 40% by a whopping 53.8%.. So ur numbers don't add up.
His proposed 2016 budget, which GMB has the power to put together, is 8tn and 2tn out of that is for capital project - which is just 25% of the total budget.. Go back to JSS for basic arithmetic
What an arrogant display of sophisticated idiocy on full HD.

and I say again show me where they paid 2 trillion out of 8 trillion
simple request
you think it's small children you're talking to
or fellow illiterates

raise 1.3 to 2trillion out of 4.4 trillion is 40 % 2015 budget

they want raise budget to 8trillion
they never said anything about % in 2016

where are you manufacturing your 2 out of 8 from

how you take pass waec sef
we Gats probe your result

1st par:
The federal Government is currently working on the 2016 budget that will be between N7tn and N8tn.

2nd par:
Osinbajo told his audience that the government was working towards pegging capital expenditure in the 2016 budget at N2tn.

2015 is GEJs so how could Osibanjo be talking about increasing it?
He was talking about 2016 budget...

you are too much

adconline:

Always relying on nothing or fantasy to argue. Your imaginative numbers have to be captured in the budget before u can spend them, but for now, they aren't part of govt income.. You are sounding like someone who doesn't know the difference income and expenditure. It's like counting the amount of money you are losing to thieves, house boys/girls, girlfriend and concubines as part of ur net worth... Banks will slap the hell out of u.

mikolo80:
and I say again show me where they paid 2 trillion out of 8 trillion
simple request
you think it's small children you're talking to
or fellow illiterates

raise 1.3 to 2trillion out of 4.4 trillion is 40 % 2015 budget

they want raise budget to 8trillion
they never said anything about % in 2016

where are you manufacturing your 2 out of 8 from

how you take pass waec sef
we Gats probe your result

Simple arithmetic for u, a product of Naija deranged education
2tn-denotes 2000.00; 1.3tn denotes 1,300.00
So going from 1,300 to 2000 would require 700. So 700bn is required to attain N2tn.
1% of 1.3tn =13bn
10% of 1.3tn=N130bn
40% of 1.3tn=13bn X 40=N520bn or
N130bn X 4=N520bn
So 1.3tn + N520bn=1.8tn. ur 40% is short by N200bn.

Typical Naija mentality:can't process simple data, can't reason logically, can't double-check data, can't articulately debate, don't like to counter facts with facts.. Everything is conspiracy..

adconline:

Simple arithmetic for u, a product of Naija deranged education
2tn-denotes 2000.00; 1.3tn denotes 1,300.00
So going from 1,300 to 2000 would require 700. So 700bn is required to attain N2tn.
1% of 1.3tn =13bn
10% of 1.3tn=N130bn
40% of 1.3tn=13bn X 40=N520bn or
N130bn X 4=N520bn
So 1.3tn + N520bn=1.8tn. ur 40% is short by N200bn.

Typical Naija mentality:can't process simple data, can't reason logically, can't double-check data, can't articulately debate, don't like to counter facts with facts.. Everything is conspiracy..

first of I got Good education not deranged Nigerian education (maybe you did)

secondly where did you get 1.8 trillion

thirdly I think you're high or retarded from the way you're jumping from pillar to post trying to run from facts since you can't hide anymore

simple question show us where he said anything about capital or recurrent in the proposed 8 trillion 2016 budget

and what is 2 over 4 times 100

mikolo80:
first of I got Good education not deranged Nigerian education (maybe you did)

secondly where did you get 1.8 trillion

thirdly I think you're high or retarded from the way you're jumping from pillar to post trying to run from facts since you can't hide anymore

simple question show us where he said anything about capital or recurrent in the proposed 8 trillion 2016 budget

and what is 2 over 4 times 100

(A)

[quote mikolo80 ]Pls paste where VP said 2 out of 8 trillion for capital expenditure and you win the argument.
I was talking of our former 4 or 5 trillion budget o [/quote]

You first claimed that you were only aware of 40% out of 2015 of 4.4tn budget.
Answer these questions.
1 Are u aware that this is not GMB's budget and he can't increase capital budget unilaterally?
2: Are u aware that the capital budget for 2015 is N634bn not 1.3tn?
3: where do u guys keep getting these numbers from?
References:
https://www.pwc.com/ng/en/assets/pdf/nigerias-2015-budget.pdf
http://www.yourbudgit.com/wp-content/uploads/2015/04/2015-Publication-BUGET.pdf



(b)

Please refer to the bolded sections below.

The Federal Government is currently working on the 2016 budget that will be between N7tn and N8tn. The figures are higher than the 2015 budget of N4.4tn.Vice President Yemi Osinbajo disclosed this in a paper entitled: ‘
The economy – Where we are today’, which he delivered at a presidentialretreat organised by the Office of the Secretary to the Government of the Federation for ministers-designate on Thursday.The retreat, which ends today (Friday), is holding behind closed-doors inside the old Banquet Hall of the Presidential Villa, Abuja, and has ‘Delivering change: From precepts to practice’ as its theme.According to a copy of the paper obtained by our correspondent, Osinbajo told his audience that the government was working towards pegging capital expenditure in the 2016 budget at N2tn.This, he said, was against the N1.31tn allocated to capital expenditure in this year’s budget


https://www.nairaland.com/2717073/fg-plans-n8tn-budget-2016
.

v.p don cause problem with 2tn and 40% in the same writeup!

baralatie:


v.p don cause problem with 2tn and 40% in the same writeup!

don't mind them!!
Some gullible followers think that everyone is numerically challenged like them.

adconline:

(A)



You first claimed that you were only aware of 40% out of 2015 of 4.4tn budget.
Answer these questions.
1 Are u aware that this is not GMB's budget and he can't increase capital budget unilaterally?
2: Are u aware that the capital budget for 2015 is N634bn not 1.3tn?
3: where do u guys keep getting these numbers from?
References:
https://www.pwc.com/ng/en/assets/pdf/nigerias-2015-budget.pdf
http://www.yourbudgit.com/wp-content/uploads/2015/04/2015-Publication-BUGET.pdf



(b)

Please refer to the bolded sections below.

The Federal Government is currently working on the 2016 budget that will be between N7tn and N8tn. The figures are higher than the 2015 budget of N4.4tn.Vice President Yemi Osinbajo disclosed this in a paper entitled: ‘
The economy – Where we are today’, which he delivered at a presidentialretreat organised by the Office of the Secretary to the Government of the Federation for ministers-designate on Thursday.The retreat, which ends today (Friday), is holding behind closed-doors inside the old Banquet Hall of the Presidential Villa, Abuja, and has ‘Delivering change: From precepts to practice’ as its theme.According to a copy of the paper obtained by our correspondent, Osinbajo told his audience that the government was working towards pegging capital expenditure in the 2016 budget at N2tn.This, he said, was against the N1.31tn allocated to capital expenditure in this year’s budget


https://www.nairaland.com/2717073/fg-plans-n8tn-budget-2016
.

this is not what you showed me yesterday and punch says that page does not exist so I believe you doctored that 2 trillion out of 8 and until I see proper evidence (proper site reference or pic grab) you're a fraudulent individual and should never be allowed near position of authority cos your looting no go get part two. wetin they wan use 6 trillion do recurrent with. why you lying like this. you will end up in jail or worse if you continue like this o.

mikolo80:
this is not what you showed me yesterday and punch says that page does not exist so I believe you doctored that 2 trillion out of 8 and until I see proper evidence (proper site reference or pic grab) you're a fraudulent individual and should never be allowed near position of authority cos your looting no go get part two. wetin they wan use 6 trillion do recurrent with. why you lying like this. you will end up in jail or worse if you continue like this o.

Interesting that you have quoted and cited the same document and source over and over and you only disowned it when I highlighted a part of it for you. What a brainless self-servicer who doesn't know how to read and comprehend.. Always suffering from sophisticated idiocy and selective amnesia

adconline:

Interesting that you have quoted and cited the same document and source over and over and you only disowned it when I highlighted a part of it for you. What a brainless self-servicer who doesn't know how to read and comprehend.. Always suffering from sophisticated idiocy and selective amnesia

where did you learn self-servicer from
not your fault
I blame bless to free browsing
also your parents who failed to give you home training


but remember all liars go to hell
so choose wisely

mikolo80:
where did you learn self-servicer from
not your fault
I blame bless to free browsing
also your parents who failed to give you home training


but remember all liars go to hell
so choose wisely

Go play somewhere.. This discussion is above ur beer parlour knowledge.. U need a lot of space in ur brain to store idiocy so that u can it bequeath to ur kids...

adconline:

Go play somewhere.. This discussion is above ur beer parlour knowledge.. U need a lot of space in ur brain to store idiocy so that u can it bequeath to ur kids...

your mama

mikolo80:
your mama

That's the only thing ur brain can oe

mikolo80:
your mama

That's the only thing ur brain can process.

adconline:

That's the only thing ur brain can oe
That's the only thing ur brain can process.

your fada

mikolo80:
your fada

Congenital fvkctard

adconline:

Congenital fvkctard

your wife left labbia