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PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 (2914 Views)

President Buhari Presides Over FEC Meeting (Photos) / MTEF: FEC Approves N6tr Expenditure For 2016 / Independence Anniversary Expenditure For The Past 5 Years. - Nasir El-rufai (2) (3) (4)

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PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by maryvivian: 9:04pm On Dec 07, 2015
President Buhari today presided over the Federal Executive Council meeting and approved N6 trillion expenditure for 2016 Budget under the Medium Term Expenditure Framework (MTEF). Minister of Budget and National Planning, Senator Udoma Udo Udoma, spoke with State House correspondents at the end of the meeting.‎ According to him, an oil price of $38 per barrel of crude oil and 2.2 million production barrels per day were projected in the framework.

"At today’s Council, the Council approved the Medium Term Expenditure Framework, MTEF which sets out the policies of government over the next years. It sets out the fundamental economic underpinning of the budget. The highlights are as follows: we project and we are working with $38 crude oil price, we consider that to be very conservative but because of the uncertainty, we felt that we should start with a conservative crude oil price."he said

Source http://www.viviangist.com/pics-buhari-presides-over-fec-meeting-approves-n6trillion-expenditure-for-2016

Cc; lalasticlala

2 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by maryvivian: 9:12pm On Dec 07, 2015
More @ lalasticlala

1 Like

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by Nobody: 9:18pm On Dec 07, 2015
Big joke. Where will the money come from or are qevin for unprecedented borrowing next year.

1 Like

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by Ecoplexus: 9:24pm On Dec 07, 2015
I thought they said 8 trillion naira earlier?
Why the 2 trillion reduction?
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by mazeltov(m): 9:24pm On Dec 07, 2015
8 trillion? Very good!! Now that money will be pumped into the economic vein - it would go a long way in re-energising our economy but I just pray that there is full implementation of the budget.
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by 2dillu2(m): 9:26pm On Dec 07, 2015
Sai Buhari Nigeria would be great again

1 Like

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by scribble: 9:28pm On Dec 07, 2015
I need some of this moola
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by hinwazaka: 9:28pm On Dec 07, 2015
This is the biggest joke of the century. Were will they get the money from, Jupiter. After letters and letters of the need to change his plans, the man refuses to heed good expensive advice. The Global occurrences of Feb 24, will remove the dirt from their eyes. Nigerians should be prepared for the worst.

3 Likes 1 Share

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by ifyan(m): 9:31pm On Dec 07, 2015
Don't you how they do it or are you new to APC government
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by drss(m): 9:31pm On Dec 07, 2015
N6 trillion budget And buari dullaard was screaming nigeria is broke. Smh

1 Like 1 Share

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by NgeneUkwenu(f): 9:32pm On Dec 07, 2015
hinwazaka:
[s]This is the biggest joke of the century. Were will they get the money from, Jupiter. After letters and letters of the need to change his plans, the man refuses to heed good expensive advice. The Global occurrences of Feb 24, will remove the dirt from their eyes. Nigerians should be prepared for the worst. [/s]

7 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by hinwazaka: 9:33pm On Dec 07, 2015
kaorama:
Big joke. Where will the money come from or are qevin for unprecedented borrowing next year.
Which bank or credit institution will borrow a country with high risk, that sort of money. Especially, if they run a forensic situation analysis with the right connected firm, that will reveal that the government will be sacked in 6months or 1 year from now. They don't have the money, they can't borrow it. They are just BLUFFING

2 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by NgeneUkwenu(f): 9:33pm On Dec 07, 2015
drss:
[s]N6 trillion budget And buari dullaard was screaming nigeria is broke.[/s] Smh

4 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by Realdeals(m): 9:35pm On Dec 07, 2015
Nigeria will be great

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Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by NgeneUkwenu(f): 9:35pm On Dec 07, 2015
hinwazaka:

[s]Which bank or credit institution will borrow a country with high risk, that sort of money. Especially, if they run a forensic situation analysis with the right connected firm, that will reveal that the government will be sacked in 6months or 1 year from now. They don't have the money, they can't borrow it. They are just BLUFFING[/s]

Go School and you no Gree go! Do you even understand what budget is all about?

11 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by osazeeblue01: 9:35pm On Dec 07, 2015
Waiting for the minister of lies to speak on this budget.
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by 2dillu2(m): 9:36pm On Dec 07, 2015
Cc tonyebarcanista truckpusher severussnape CR77 mogidi and other wailers in the house food is ready come and wail grin grin grin

5 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by Mogidi: 9:37pm On Dec 07, 2015
NgeneUkwenu:


Go School and you no Gree go! Do you even understand what budget is about?

Co-ordinating minister for Trans-gender Economy.

4 Likes 2 Shares

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by blazetitov: 9:38pm On Dec 07, 2015
drss:
N6 trillion budget And buari dullaard was screaming nigeria is broke. Smh

Ologogoro, that was a projection or a budget. The government has only approved its planned expenditure and expected income for 2016. Whether those plans will actually be achieved is another issue entirely.

By the way, stop hating cos it won't increase your account balance.

12 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by Dannyset(m): 9:39pm On Dec 07, 2015
Imagine if we had these people and Buhari in power when our crude sells for $120! But it is better late than never.

And to all the dumbs asking stupid questions, I congratulate their display of illiteracy! May their condition not be permanent.

11 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by dgr8truth(m): 9:40pm On Dec 07, 2015
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by STARGREEN(m): 9:41pm On Dec 07, 2015
As it stands now making such projection on Oil when it's relatively not stable seems a big joke. Well, whichever...it remains CHANGE. Isn't it?
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by hinwazaka: 9:43pm On Dec 07, 2015
NgeneUkwenu:


Go School and you no Gree go! Do you even understand what budget is about?
You cannot budget what you don't have. FYI: The President and his nefarious party have not paid back the billions they loaned from Societe International. They have signed away next year with fraudulent contracts and money laundering schemes. That is excluding the local heavyweights and Godfathers. That is why you see him begging China now, because SI, will not borrow him a single penny, until they start seeing returns. Next year will remove the dust from your eyes

2 Likes 1 Share

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by ogdada: 9:44pm On Dec 07, 2015
Booked
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by Ventura1: 9:45pm On Dec 07, 2015
kaorama:
Big joke. Where will the money come from or are qevin for unprecedented borrowing next year.

Do you think they are dumb like you

2 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by NgeneUkwenu(f): 9:45pm On Dec 07, 2015
hinwazaka:

[s]You cannot budget what you don't have. FYI: The President and his nefarious party have not paid back the billions they loaned from Societe International. They have signed away next year with fraudulent contracts and money laundering schemes. That is excluding the local heavyweights and Godfathers. That is why you see him begging China now, because SI, will not borrow him a single penny, until they start seeing returns. Next year will remove the dust from your eyes [/s]

Incoherent rants!

7 Likes

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by hinwazaka: 9:46pm On Dec 07, 2015
blazetitov:


Ologogoro, that was a projection or a budget. The government has only approved its planned expenditure and expected income for 2016. Whether those plans will actually be achieved is another issue entirely.

By the way, stop hating cos it won't increase your account balance.
Kindly relay our projected income for next year
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by hinwazaka: 9:48pm On Dec 07, 2015
NgeneUkwenu:


Incoherent rants!
A little bird told me, you had a big birthday bash last night. I guess, christmas with Amaechi has come early for you. Enjoy it, while it lasts.
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by hinwazaka: 9:49pm On Dec 07, 2015
Ventura1:


Do you think they are dumb like you
Actually they are way dumber than you.
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by Nobody: 9:51pm On Dec 07, 2015
Ventura1:


Do you think they are dumb like you
Sorry, you sound a million mikes away from reality, your tone is that of a helpless child who sits down to weep cos another toddler has taken away a precious gift. You should be ashamed to think that you don't have anything to offer ur country at ur age.
Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by blazetitov: 10:01pm On Dec 07, 2015
hinwazaka:
Kindly relay our projected income for next year
Bros, go sleep now. We go talk tomorrow.

1 Like

Re: PICS: Buhari Presides Over FEC Meeting, Approves N6trillion Expenditure For 2016 by Truckpusher(m): 10:01pm On Dec 07, 2015
2dillu2:
Cc tonyebarcanista truckpusher severussnape CR77 mogidi and other wailers in the house food is ready come and wail grin grin grin
We are wailers and proudly 5 percenters and we will keep wailing for a better democracy.

3 Likes 1 Share

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