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"Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode - Politics (3) - Nairaland

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Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by drss(m): 10:12am On Dec 23, 2015
LuckyLadolce:
One thing I don't like about democracy is that.. it also allows Femi-fani Kayode to have freedom of speech. I really hate it.
...but u enjoyed d lies of liar mohammed n bbog scam all used to tarnish GEJ's image through freedom of information signed by GEJ himself.
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by striker9(m): 10:14am On Dec 23, 2015
symbian03:



Is that what you wish your families? Well as for every other positive minded Nigerians, we go dey fly enter LA, Vegas, Paris like say tomorrow no dey whilst living in abundance. Enjoy your 100Naira Garri in Cameroon.
Amen to the positive minded Nigerians.

1 Like

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by Cyojunior(m): 10:15am On Dec 23, 2015
francizy:
Anybody who insults or curses FFK for laying out these bare truths will definitely not know peace.. angry




Amen !!!
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by Roric: 10:15am On Dec 23, 2015
TolstoyFan:
Following the presentation of the 2016 budget by President Muhammadu Buhari to the joint National Assembly, PDP chieftain and former Minister of Aviation, Chief Femi Fani- Kayode has said the budget is laced with insincerity.
Fani- Kayode made this known in a statement he signed yesterday and made available to journalists in Abuja. According to the statement, "The 2016 budget is fueled by insincerity, shrouded in fantasy, built on tall dreams and spawned by deceit, ignorance and the illusion of change. It is bloated, unrealistic, expensive, cosmetic and it will not result in anything good.


“In order to fund part of the budget the government intends to borrow money and this will throw our country into even greater debt. What a tragedy this is given the fact that in 2007 Nigeria was debt-free. The Buhari administration is spending money like a drunken sailor and they are borrowing as if there is no tomorrow, mortgaging the future of our nation and our children.

Shame on you FFK, shame on you.....!
The son of a witch born to a thief, it very obvious you are brain dead.
Low life hypocrite.





"We need far more fiscal discipline and seriousness than that if our government really wishes to improve the economy and better the lives of ordinary people. Meanwhile the Federal Government has said that President Goodluck Jonathan is responsible for today’s long fuel queues even though he left office 7 months ago.





"They seem to have forgotten that in 2012 it was their group, led by Bola Tinubu, Nasir El Rufai, Rotimi Amaechi and President Buhari himself that aggressively opposed deregulation and almost brought the whole country to a standstill with protests and riots all over the place in their efforts to prevent the government from removing the oil subsidy.





“Had it not been for their pettiness, lack of understanding, shortsightedness and double standards the subsidy would have been removed three years ago and fuel queues would have been a thing of history. Sadly they lacked the foresight to appreciate the virtues of that policy and today they have the nerve to blame Jonathan for the mess that they themselves essentially created. They have been in power for 7 months now: it is time for them to step up to the plate, start taking responsibility for their own actions, do a better job and stop blaming Jonathan for their own miserable and avoidable failures.”



http://dawntodusknews.com/buharis-administration-is-spending-money-like-a-drunken-sailor-femi-fani-kayode/
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by akindap07(m): 10:16am On Dec 23, 2015
Na dasuki go shut dat ur yeye mouth soon

1 Like

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by fasho01(m): 10:16am On Dec 23, 2015
irondome:


Are we referring to the same 2015 that most states struggled to pay minimum salary to workers? Other years (2007 to 2014) do not compare to the present as our earnings from crude oil was more than sufficient to support our budget.

Borrowing is welcome as long as the bulk of the money is channeled into infrastructural development.

Finally on Fani, he has no moral ground to speak on this matter as the previous governments were entirely pre-occupied with embezzlement. Nigerians would be happy we borrowed if the funds are judiciously utilized.

Let's hope the bulk of the money will be channelled into infrastructural development and diversifying our economy cos in the past, funds are not usually judiciously utilized.
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by Abugab(m): 10:18am On Dec 23, 2015
FFK should go and sleep.
We know the enemies of this country.
They shall never come near power again.

1 Like

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by fxskye: 10:21am On Dec 23, 2015
Help!!!!! FFK needed to be remanded at Yaba Apaosii quickly. He is just indicting his party and thereby himself.

1 Like

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by cardoctor(m): 10:22am On Dec 23, 2015
This man seems to be suffering from Medula Oblangatorum. No cure in sight.

2 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by TheCurse: 10:22am On Dec 23, 2015
Fani Kayode and any other thief that hides under the guise of a public watchdog - If your aim is to destabilize the current administration for your selfish or partisan gain, your life will be damaged beyond your repair. You will suffer unimaginable and irremediable pain and anguish! No evil shall befall your kin, folks, family etc. This curse is especially for you.

Remember, the curse is for the thieves, the corrupt and the enemies of the nations progress. If you fall under this group whether you are APC or PDP, and you quote me to defend them, the curse's force will double in your life.

3 Likes 1 Share

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by oguchimos: 10:23am On Dec 23, 2015
Lol
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by akindap07(m): 10:24am On Dec 23, 2015
francizy:
Anybody who insults or curses FFK for laying out these bare truths will definitely not know peace.. angry
you are a confused man

2 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by fasho01(m): 10:24am On Dec 23, 2015
babosky2008:

only the ipob would see a sense in ffk statement. I am not supprised that the drunking master is offering worthless advise n suggestions on how to move the nation 4ward. where was dz lunatic and opportunist when sambo dasuki stole billions in dollars and nairn? where was the sense of ffk when noi looted abacha funds? where was dz arrogant man when x nimasa md n tompolo converted national wealth and assets to their own? enough from dz Amugbo ile ife.

FFK couldn't have spoken then since he was part of the looters. Being in the opposition now, and being the hypocrite that he is, he has decided to speak up now.

Unless funds are judiciously utilized and our economy diversified, this government will be no different from the one where FFK and co converted national wealth and assets to their own.

1 Like

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by DropShot: 10:24am On Dec 23, 2015
cephaswizzy:

stop hating. No pay! No gain!
Pain! cheesy
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by Fourwinds: 10:27am On Dec 23, 2015
fasho01:
Although coming from a man known with much talking, there is an element of truth in what he's saying, laced with facts. Let's just be optimistic that our economy will be diversified and the budget will work.
FFK is a stu..pid man ...is he telling me GEJ did not borrow when he was in government and a barrel of oil was sold at$110 ..


FFK foolishness is at its peak.

2 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by emmaanya: 10:27am On Dec 23, 2015
For me I think the budget is ok and well structured. At least this is the first time we are having a president that has given detailed information on the way forward in this country. A president who could come out and apologise to Nigerians about the fuel situation.

Other past leaders cannot be compared to him, at least Nigerians now believe in this country for once and they also have hope that things will get better than before.

God bless Nigeria!!!

2 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by Bakbillz44(m): 10:28am On Dec 23, 2015
INTROVERT:
So Dasuki hasn't indicted fani yet.

Lmao! Wey him still get mouth to dey talk abi?
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by doyen208: 10:28am On Dec 23, 2015
“In order to fund part of the budget the government intends to borrow money and this will throw our country into even greater debt. What a tragedy this is given the fact that in 2007 Nigeria was debt-free.



how come Nigeria is in great debt (#10.4trillion) as at 2014 . Ffk is sick

2 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by WaffenSS(m): 10:29am On Dec 23, 2015
djkirkoo2:
Buhari is yet to borrow? like seriously? Grow up papa bornboy

Shush!

Grown men are talking.

Shut up and listen, or crawl back to the gutter from whence you were adopted, vermin.

2 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by amaechi1: 10:30am On Dec 23, 2015
Fellow Nigerians, please don't be crossed with Mr Fani, he is still has not come to terms with what led him out of APC in the first place. Secondly, he is also angry and can't believe he wouldn't share from 2016 budget as they use to during the era of PDP. Allow him the freedom of speech, which include saying rubbish.

4 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by lakeside30: 10:34am On Dec 23, 2015
This guy sha,history made me to know that this is how his father always antagonize government opposition during his days too,his useless nothing for good son inherited his behaviour ,

Na wa o
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by Bakbillz44(m): 10:34am On Dec 23, 2015
I dey always imagine aw fani children go dey feel wen deir papa start him public display of stupidity...


Oh! I just remembered they've disowned him

SAD! undecided

2 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by psp2pc(m): 10:34am On Dec 23, 2015
the probe wey go still knack FFK still de do press up for EFCC office.

1 Like

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by thunderbabs: 10:35am On Dec 23, 2015
Who is this man? D money wey dasuki share gv all of dem, no b borrow PDP borrow am. Abi Jona no borrow too? He sha want us to knw dt he sabi put fine words together, abi?

NOTED. Na u knw book pass

1 Like

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by stonemasonn: 10:36am On Dec 23, 2015
kodded:
Nigerians will understand the true meaning of change by this time next year when a cup of garri will be N100 and a trip to Cameroon and other neighbouring countries will look like flying to dubai
the question you should ask yourself is if Jonathan had won and Okonjo-Iwela still finance minister, how would they have handled the current economic situation; don't you think Okonjo would have borrowed more to finance 2016 budget?
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by obailala(m): 10:37am On Dec 23, 2015
fasho01:


The truth is we don't need more borrowing to improve the
economy and better the lives of ordinary people as evidenced between 2007 & 2015 and in truth, if the the crop of people that now constitute the FG had allowed fuel subsidy removal, we wouldn't have been deep into this economic mess as we are in now.

For me, it's not about political party or about whose regime we accumulated a massive pile of debt. All I'm interested in is what will be good for us collectively and I think yet more borrowing is not the way forward.
What do you mean by the emboldened part of your statement?.... After OBJ virtually cleared Nigeria's debts accumulated through the military years, go and check what the PDP under GEJ specifically borrowed (I say under GEJ not because I want to attack him but because 99% of the borrowings actually happened under him). Even though the nation enjoyed much more income from oil, borrowing escalated under GEJ and we even borrowed to pay salaries. The debts accumulated between 2007 to 2015 is presently way way more than what was cleared by OBJ.

Yet this same PDP is here asking APC who they left an empty treasury for not to borrow. Probably the idea is to ensurw APC doesnt lay down a single block till 2019 so they can claim apc has done nothing. Someone needs to cut off this FFK's tongue and fingers. I really wish buhari was still a military man.

4 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by Nobody: 10:38am On Dec 23, 2015
At least thank God he said the country was debt free in 2007. So he knows dt their "hero" wrecked d economy.

1 Like

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by teepain: 10:38am On Dec 23, 2015
fasho01:


Jonathan's issue is a discussion for another day.

America doesn't just rely on oil and as such has the means to service their debt. With dwindled oil prices, can same be said for us?

There is actually no problem with borrowing. The major problem is what you end up doing with the borrowed funds.

If the fund is meant to finance capital expenditure which will aid our cash inflows in the future then there is a good justification for it.

In capital budgeting you will consider the internal rate of returns (IRR) and Net Present Value (NPV) to either reject or accept projects after factoring the cost of debt into the equation.

If well used the borrowed may be able to pay itself back. It smacks of mischief when the likes of FFK criticize this budget without criticizing PDP senators like Ben Bruce who had encouraged PMB, after the release of the MTEF, to borrow a substantial amount to jumpstart the revival of infrastructures instead of borrowing piecemeal.

2 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by lastpage: 10:41am On Dec 23, 2015
Parrot Femi Fani Fakayode:

In order to fund part of the budget the government intends to borrow money and this will throw our country into even greater debt. What a tragedy this is given the fact that in 2007 Nigeria was debt-free. The Buhari administration is spending money like a drunken sailor and they are borrowing as if there is no tomorrow, mortgaging the future of our nation and our children.

First, can someone tell this "diarrhoea-mouth" called FFK that Crude oil, which is the main source of revenue for the Government, was not an abysmal $36 per Barrel, in 2007! Infact, it was hovering at $130 per barrel. Thus comparing 2007 to 2016 shows that as usual, FFK is high on some very cheap "Ajegunle weed".

Again, let me enlighten our people that THERE IS NOTHING WRONG WITH BORROWING..... AS LONG AS YOU DONT USE THE BORROWED MONEY TO DO OWAMBE PARTY.... OR LOOT AND SHARE IT LIKE PDP/DASUKI/DOKPESI/BAFARAWA/IKEJI/GEJ/THISDAY NEWSPAPERS, ETC HAVE DONE.

Successful people like Dangotte, Otedola, had borrowed money at various times, to finance and advance their business.
There is a reason banks charge you interest on "borrowed money" because the understand that when properly utilised, you are bound to make even more money from it, after repaying the capital and interest.

So, if Nigeria borrows money to say for example, improve Power Supply, the implications are as below:
1.) Less people will spend their income on buying Generators => More money in their pocket to do other things
2.) Less people will depend on, or buy Fuel for Generators => More money for other things
3.) less queue at petrol stations => less man-hours are wasted on fuel queues, less people are exposed to hazard of fire at such stations
4.) People can buy food stuffs in bulk, cook in bulk and store in their freezer => The savings pass across to Household income/savings
5.) Less Generators imply less dangerous carcinogenic fumes into the atmosphere => Less people get sick, less of our disposable income is spent on combating illness
6.) Since less people will buy Generators, it implies less people would store Generator fuel at home => reduces risk of fires and burns to house owners
7.) Owners of cottages business will spend less on running their business as they can save on fuel price => tendency to expand their business
8.) Street Lights will work => neighbourhoods get properly lit at Night => Risk of armed robbery is reduced and people can actually have a better quality of life.
9.) reduced Risk of security above means the Police can divert their resources to more challenging issues
10.) Finally, all the savings above means each household has more disposable income to buy other things they need => improved business atmosphere which result sin increased taxes to Govt coffers

Now, imagine
*if such borrowings also went into education => Standards of our schools will improve and all those money wasted to study abroad (even in lowly places like Ghana!) will be spent in Nigeria and fuel our own economy!
*If spent on health => less Nigerians will die prematurely and less Nigerians will waste forex in travelling abroad for medical treatment
*If spent on Road infrastructure => Goods and Services get to reach their areas of need/sale easier and faster => Goods are services become cheaper for everyone.
From the look of things, l dont see this Govt of PMB embezzling or encouraging embezzlement, as done by the last administration of GEJ so, borrowing to jump-start the economy might not be a bad idea.

My point is: Borrowing is NOT ALWAYS A BAD THING.
It is what you do with the borrowed funds that count.... so FFK should shut-da-phuck-Up and stop smoking expired weed! undecided angry angry




Lastpage!

4 Likes

Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by fasho01(m): 10:43am On Dec 23, 2015
teepain:


There is actually no problem with borrowing. The major problem is what you end up doing with the borrowed funds.

If the fund is meant to finance capital expenditure which will aid our cash inflows in the future then there is a good justification for it.

If well used the borrowed may be able to pay itself back. It smacks of mischief when the likes of FFK criticize this budget without criticizing PDP senators like Ben Bruce who had encouraged PMB, after the release of the MTEF, to borrow a substantial amount to jumpstart the revival of infrastructures instead of borrowing piecemeal.

Politics aside, well said. Hope the borrowed funds will be judiciously utilized and there will good justification for it.
Re: "Buhari's Administration Is Spending Money Like A Drunken Sailor"- Fani-Kayode by babafirst(m): 10:44am On Dec 23, 2015
modath:




Where were you when Dasuki turned into santa claus






What happened to the PROCEEDS from the partial removal of subsidy otherwisr known as Sure P ?.

Must PDP folks always talk out of turn with the giant iroko tree blocking their glaucoma +cataract infested eyes


FFK is a F**king F**lish Knave !!!


I was doubting it before but with this statement FFKay has finally finally confirmed to me that he is on gbana (drugs).It may be just panadol ohhhhh or vitamin C but he is on an overdose of something not good for his brain.

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