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2016 FG's Budget - Budget Of Change, Hope & Economic Revival - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / 2016 FG's Budget - Budget Of Change, Hope & Economic Revival (8662 Views)

Let Us Give The Government Economic Revival Suggestions / Who Is Responsibility For The Fraud In 2016 Budget(budget Mafias Or Budget Rats) / Jan. 2016 Fg Civil Servant Salary (2) (3) (4)

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Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by MizMyColi(f): 8:16pm On Dec 27, 2015
Yhunoos:


I believe the fund is meant for the necessary preparations for the 2017 census


According to the chairman of NPC

“Now, the reality on ground is that the re­quired minimum of two years to plan for census, even if the mon­ey required is giving to us today, we would not be ready by 2016 to do a good job.

Read more:

http://nationalmirroronline.net/new/why-we-postponed-2016-population-census-npc/&sa=U&ved=0ahUKEwj4vKjb2PzJAhWCHw8KHTPvDBsQFggHMAA&usg=AFQjCNHWm0Am0szVU9Ow0n-T6MqcgQrgww

Kindly ignore my earlier post.


I just looked up the Budget for 2014 for NPC and it is almost the same
http://www.google.com/url?q=http://www.budgetoffice.gov.ng/pdfs/2014_budget_proposals/43.%2520Summary_National%2520Population.pdf&sa=U&ved=0ahUKEwj9hae03vzJAhUFKQ8KHYAKA5sQFggPMAI&sig2=SyVSXSk5sz9ezuwqJBoNbQ&usg=AFQjCNFmV0AbPaiqin4gsMtGcNH9P4Sdaw

Now here's the catch...
There's an Item by Item breakdown there in the budget proposal.
If APC had done same, we won't be talking much.

Still doesn't change my stance though...
On the rationale behind awarding 5Billion to NPC and a paltry 280 million to the POLICE. POLICE o.


Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by Yhunoos: 8:18pm On Dec 27, 2015
MizMyColi:


5 billion naira, for ordinary preparation?
You people should fear God o.

Earlier, Eze Duru Iheoma told the President that about N273 billion would be required for the commission to conduct a national census next year, 10 years after the last exercise, as stipulated by the United Nations, saying that about N10 billion of the amount would be needed immediately.

He told the President that a biometric-based census was being proposed, stressing that it would eliminate multiple respondents, ghost respondents and make the outcome easy to audit."

Source:
http://www.vanguardngr.com/2015/08/2016-national-census-to-cost-n273-bn/&sa=U&ved=0ahUKEwjj9eiT3vzJAhVHLg8KHRqFB4wQFggWMAM&usg=AFQjCNHxrPYkLvrVJPCfPN-ifZpU8HKDaQ


As u can see, they actually needed 10billion Naira but 5billion was provided..

Hope u r good with that??

Cc LogoDWhiz

3 Likes

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by TimeManager(m): 8:23pm On Dec 27, 2015
First, I Commend OP For This Rejoinder Which I Considered Not Neccessary For The Sake Of Rebuttal. However, I Am Eagerly Awaiting NOI's View On This Budget. This Budget Is Comprehensive To Say The Least But Hard For Any Wailing Sentiments.




First, This Is A Medium Term Expenditure Budget- This Must Sink in.
Must We Refuse To Borrow Because Of An Outstanding? Is The Debt : GDP Healthy?





Do We Have The Benchmark Of $38 In The Region Of Safety? Absolutely Yes.
A 30% Capital Expenditure, So Much Expectations For A Non-oil Revenue Projection. A Rare Kind. I Couldn't Care less About Those Who Squibbles On This Budget, I Care More About The Masses That It Would Benefit.











No Lie Only Truth!

2 Likes 1 Share

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by Yhunoos: 8:23pm On Dec 27, 2015
MizMyColi:


Kindly ignore my earlier post.


I just looked up the Budget for 2014 for NPC and it is almost the same
http://www.google.com/url?q=http://www.budgetoffice.gov.ng/pdfs/2014_budget_proposals/43.%2520Summary_National%2520Population.pdf&sa=U&ved=0ahUKEwj9hae03vzJAhUFKQ8KHYAKA5sQFggPMAI&sig2=SyVSXSk5sz9ezuwqJBoNbQ&usg=AFQjCNFmV0AbPaiqin4gsMtGcNH9P4Sdaw

Now here's the catch...
There's an Item by Item breakdown there in the budget proposal.
If APC had done same, we won't be talking much.

Still doesn't change my stance though...
On the rationale behind awarding 5Billion to NPC and a paltry 280 million to the POLICE. POLICE o.


Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by PassingShot(m): 8:23pm On Dec 27, 2015
Built2last:


PassingShot, sometimes you sound like some of us never voted PMB or campaigned for him. Some of us who are economists and have practiced for atleast a decade will wear our binoculars of optimism and objectivity in analysing the budget. With a view to reshape any anormalys through public opinion. Each time you tow the line of defense you clearly paint a picture of perfection in the system. Thereby making those who have genuine objections to government policis keep quiet. The budget was prepared by humans for humans. Is it the best budget ever? Wisdom will require that we wait till October 2016 to judge it. Any good economist can prepare a good budget. Let's wait till October please. Democracy rides on personal and public opinion. To that end Barcanista and his likes are entitled to their opinions and views as Nigerians

You can't boost investors confidence with current iliquidity in the system. The policies on Fx in the guise of stabilising foreign reserve and boosting naira is crude economics in 21st century realities. We can't attract investors with current policies. Only private sector will guaranty the needed jobs which current policies negate.

Let's wait till 2016 November to appraise the budget to give failure or pass mark
You're lumping issues together.

Just as the opposition has a right to criticize the budget is the same way I have a right to praise it.

Again, I repeat, I'm surprised you talk about a budget the way you do. Having a good budget is as important, if not more important, than the implementation of budget because you can't implement an imaginary good budget from a bad budget. Or can you? It's the same way a hpeless budget takes away confidence from citizens and investors in an economy.

It is the budget that CEOs of blue chip companies, big employers of labour, foreign investors, etc will analyse to make informed decisions. So, why does it give you a concern that I've decided to reply a thread by pointing out the good things in this budget?

You don't have to comment you know!

1 Like

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by PassingShot(m): 8:28pm On Dec 27, 2015
S123612:


Let me ask you something passingshot. If Nigeria is a Plc owned by you, and you find yourself in the present situation we are in now as a country, will you borrow?
Sure. I will. Spending more is the only way to create wealth, get more people to work and make more through tax and levies. It is the only way the economy can be productive once more. When America experienced recession in 2008/2009, she went on to spend more to revive the economy. All past recessions were only turned around through heavy spending on job-creating sectors and that is exactly what PMB is trying to do here.

1 Like

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by Yhunoos: 8:30pm On Dec 27, 2015
MizMyColi:


Kindly ignore my earlier post.


I just looked up the Budget for 2014 for NPC and it is almost the same
http://www.google.com/url?q=http://www.budgetoffice.gov.ng/pdfs/2014_budget_proposals/43.%2520Summary_National%2520Population.pdf&sa=U&ved=0ahUKEwj9hae03vzJAhUFKQ8KHYAKA5sQFggPMAI&sig2=SyVSXSk5sz9ezuwqJBoNbQ&usg=AFQjCNFmV0AbPaiqin4gsMtGcNH9P4Sdaw

Now here's the catch...
There's an Item by Item breakdown there in the budget proposal.
If APC had done same, we won't be talking much.

Still doesn't change my stance though...
On the rationale behind awarding 5Billion to NPC and a paltry 280 million to the POLICE. POLICE o.



Ok..

I believe the details would be released soon.. Just like the "Ministerial List"...
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by PassingShot(m): 8:30pm On Dec 27, 2015
MizMyColi:


I didn't perse because he was speaking from both sides of the mouth; like someone who didn't want to please and at the same time didn't want to displease.

That said, when it comes to figures, I am not always quick to speak, because I am much more talented in words than figures. I'm looking forward to reviews from an expert opposition figure.

Though going by how you held brief for the president, I'd say your article is well thought out and I cannot readily fault it.

Btw, how can they budget 5 billion for National Population commission and just 280 million for the police service?

Misplaced priorities?
The N280 million is for what? Please be specific? Is it for salaries only or what? Mind you Police is under Ministry of Interior.

1 Like

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by docadams: 8:33pm On Dec 27, 2015
sweetgala:


Many people are praying for the FG to fail at budget implementation. What they benefit from it I don't know.

Hmmmmmmm

It is in their gene. If not us then no one else.
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by Mynd44: 8:34pm On Dec 27, 2015
TonyeBarcanista:

Woman, if you want to attack my person be bold enough to do it directly(though I will ignore). Using indirect means doesn't tell good of your person.

My disagreement with you came because I refused to support Saraki and other PDP thieves facing trial. I left the SCN for you guys yet you won't mind your lane.

I'm not a sycophant and not a political jobber seeking patronage from any corrupt personality. I play politics according to my conscience dictates with the interest of Nigeria and my conscience as the motivator. I have a reputation beyond Nairaland to protect, and I have proved critics several times that Nigeria comes first for me.

I will advice that you face your lane and respect yourself. If however you choose otherwise, I will ignore you. Using indirect means doesn't tell good of you.

For the record, I DON'T seek your patronage.


Çc: Passingshot and Truckpusher please take note!
That escalated quickly.

Ease up man. Aint no reason to get agitated

2 Likes

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by PassingShot(m): 8:36pm On Dec 27, 2015
Mynd44:

That escalated quickly.

Ease up man. Aint no reason to get agitated
This thread no go make fp? grin grin
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by PassingShot(m): 8:38pm On Dec 27, 2015
NgeneUkwenu:


I have advised her to stick to the romance section..

Back to the topic: What should the Government have done in face of the dwindling price of Crude oil to Fund the budget without borrowing?
Haba! You dey add fuel to fire wey don die! Abeg stop it and let's have a good debate.

1 Like

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by PassingShot(m): 8:40pm On Dec 27, 2015
TimeManager:
First, I Commend OP For This Rejoinder Which I Considered Not Neccessary For The Sake Of Rebuttal. However, I Am Eagerly Awaiting NOI's View On This Budget. This Budget Is Comprehensive To Say The Least But Hard For Any Wailing Sentiments.


First, This Is A Medium Term Expenditure Budget- This Must Sink in.
Must We Refuse To Borrow Because Of An Outstanding? Is The Debt : GDP Healthy?


Do We Have The Benchmark Of $38 In The Region Of Safety? Absolutely Yes.
A 30% Capital Expenditure, So Much Expectations For A Non-oil Revenue Projection. A Rare Kind. I Couldn't Care less About Those Who Squibbles On This Budget, I Care More About The Masses That It Would Benefit.


No Lie Only Truth!
If this forum was what they say it used to be, we should be debating the budget for at least one week. It is Nigeria's one year destiny. There can't be good budget implementstion without a good budget.

1 Like

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by docadams: 8:41pm On Dec 27, 2015
TonyeBarcanista:

You don't have to sound funny. Respect yourself and maintain your lane. I don't care whether you are pleased or not(I didn't even mention you). I believe you are matured enough to mind yourself.

As for me, I'm to old to be repeating myself. A word should be fine for the sane.

Hmmmmmmm

Where are you headed with an emotional woman?
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by IsraeliAIRFORCE: 8:47pm On Dec 27, 2015
PassingShot:

1. No budget achieves 100% of its target. Check anywhere in the world and come back with the result.

3. Zero budgeting is still very much intact. It appears you don't understand how it works. Let me try:

What it means is that NO MINISTRY will be able to just decide to embark on any project based on its budget allocation. Whatever project a ministry intends to embark upon will have to be discussed at the FEC and weighed side by side with other projects from other ministries for cost, and need. Based on such exercise, the projects judged to be vital and important to the economy will be given priority over the other ones.

Stop poisoning your audience with blanket lies as per the comment in the bold.

You are lost somewhere inbetween the lines.

By assigning specific amount to each ministry, agency and department makes your jargon nonsense when signed into law.

You think Nigeria is a sole proprietorship where the big man moves money as nobody's business?
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by TonyeBarcanista(m): 8:54pm On Dec 27, 2015
NgeneUkwenu:


Abeg free that emotional-wrenched woman! I have advised her to stick to the romance section..

Back to the topic: What should the Government have done in face of the dwindling price of Crude oil to Fund the budget without borrowing?
I seriously do not blame Buhari for the present financial situation. His position as at today is one that many people don't envy. He's at a point where his action will determine whether Nigeria will be made or will break. God forbid for the country to break.

I'm no fan of borrowings and loans(maybe that's why I'm not given to borrowing). My own idea is that the government send an executive bill to ÑASS to downwardly entitlement of political officeholders and top civil servants. Like I told Passingshot, the NASS may not be disposed but I believe something will come out. Another thing that should be checked is contract inflation by officers of government. A project of 100 million will be awarded for 1billion. Lots of funds that would have been used for important things will find their way into some people's pocket. If that can be checked, we'll get something. Also the oil benchmark at $38 doesn't look realistic(though I pray it goes up). A $30 benchmark would have been fine to plan our budget.

Change I believe is a process and not an end.
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by TonyeBarcanista(m): 9:00pm On Dec 27, 2015
docadams:


Hmmmmmmm

Where are you headed with an emotional woman?
Apologies....

Mynd44:

That escalated quickly.
Ease up man. Aint no reason to get agitated
Accept my apology
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by sauceEEP(m): 9:18pm On Dec 27, 2015
TonyeBarcanista:

Woman, if you want to attack my person be bold enough to do it directly(though I will ignore). Using indirect means doesn't tell good of your person.

My disagreement with you came because I refused to support Saraki and other PDP thieves facing trial. I left the SCN for you guys yet you won't mind your lane.

I'm not a sycophant and not a political jobber seeking patronage from any corrupt personality. I play politics according to my conscience dictates with the interest of Nigeria and my conscience as the motivator. I have a reputation beyond Nairaland to protect, and I have proved critics several times that Nigeria comes first for me.

I will advice that you face your lane and respect yourself. If however you choose otherwise, I will ignore you. Using indirect means doesn't tell good of you.

For the record, I DON'T seek your patronage.


Çc: Passingshot and Truckpusher please take note!
Are you guys fighting? I thought you both were once like bread and butter..? sad
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by TGM2015: 9:32pm On Dec 27, 2015
TonyeBarcanista:

Now you are asking the right question. If you really check, we spend so much on recurrent expenditure, inflated budgets by government ministries and agencies, multiple award of contracts and direct embezzling. Of the recurrent expenditure, the bulk of them goes to political officeholders, DGs and CEOs of government parastatals as well as benefits accrued to former leaders and their family. If we can cut the benefits of political officeholders by 60%, curb the menace of fraud and contract inflation as well as going after yams eaters, Nigeria will have lots of monies freed up for capital project. We could borrow say 500 billion or less to suplement whatever we have. Invest in capital project and forget about social benefit for now ever . Also removing subdidy(its a must) will help free hundreds of billions for projects. I don't think accruing more burden will be of long term good. Think
The only problem I had with the 2016 budget was with the bolded, Nigeria as at now don't need to spend her scare resources on welfarism of whatever form. APC and Presidency should understand that most of those who voted for Buhari voted not because they are promised N5,000 but that they will get Nigeria out of her impunity and high level corruption. Paying N5,000 even N500,000 to every Nigerian will not guarantee their reelection if insecurity, unemployment and power issues and most recently fuel scarcity are not addressed. Good road network, heath centers, sound education administration that will curb the high exam malpractice level in our educational institutions so that our students graduate as an educated literate with sound independent mind of reasoning.
Above all, I don't see, for now, economically, anything wrong with the borrowing as the total money to be borrowed is less than the budget amount for capital expenditures.

We await 2017 when we fairly judge this administration on his budget of change, until then I keep observing.

Please if anyone has any means to contact Ibe our Minister of petroleum, Kindly inform him that investing in establishing more NNPC mega stations across the country can help to some extent curb the excesses of these greedy oil marketer and filling station managers who as at today still sell at 120 and above. Thank God our refineries are reported to now be working.

2 Likes 1 Share

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by baralatie(m): 9:41pm On Dec 27, 2015
TGM2015:

The only problem I had with the 2016 budget was with the bonded, Nigeria as at now don't need to spend is scare resources on welfarism of whatever form. APC and Presidency should understand that most of those who voted for Buhari vote not because they are promised N5,000 but that they get Nigeria out of her impunity and high level corruption. Paying N5,000 even 500,000 to everyone Nigerian will not guarantee their reelection if insecurity, unemployment and power issues and most recently fuel scarcity are not addressed. Good road network, heath centers, sound education administration that will curb the high exam malpractice level in our educational institutions so that our students graduate as an educated literate with sound independent mind of reasoning.
Above all, I pray don't see, for now, economically anything wrong with the borrowing as the total money to be borrowed is less than the budget amount for capital expenditures.
You mean the borrowed is #1.84trillion less than the #2.2trillion deficient?
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by TonyeBarcanista(m): 9:47pm On Dec 27, 2015
TGM2015:

The only problem I had with the 2016 budget was with the bolded, Nigeria as at now don't need to spend her scare resources on welfarism of whatever form. APC and Presidency should understand that most of those who voted for Buhari voted not because they are promised N5,000 but that they will get Nigeria out of her impunity and high level corruption. Paying N5,000 even N500,000 to every Nigerian will not guarantee their reelection if insecurity, unemployment and power issues and most recently fuel scarcity are not addressed. Good road network, heath centers, sound education administration that will curb the high exam malpractice level in our educational institutions so that our students graduate as an educated literate with sound independent mind of reasoning.
Above all, I don't see, for now, economically, anything wrong with the borrowing as the total money to be borrowed is less than the budget amount for capital expenditures.

We await 2017 when we fairly judge this administration on his budget of change, until then I keep observing.

Please if anyone has any means to contact Ibe our Minister of petroleum, Kindly inform him that investing in establishing more NNPC mega stations across the country can help to some extent curb the excesses of these greedy oil marketer and filling station managers who as at today still sell at 120 and above. Thank God our refineries are reported to now be working.
The budget for capital project is N1.8 trillion. Proposed borrowing is N1.84 trillion.
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by TonyeBarcanista(m): 9:48pm On Dec 27, 2015
sauceEEP:

Are you guys fighting? I thought you both were once like bread and butter..? sad
Ít is well my brother
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by TGM2015: 10:09pm On Dec 27, 2015
baralatie:

You mean the borrowed is #1.84trillion less than the #2.2trillion deficient?
TonyeBarcanista:

The budget for capital project is N1.8 trillion. Proposed borrowing is N1.84 trillion.
N1.84 trn was quoted to be capital expenditures as widely reported, I will not dispute that. But I knew the last time I scanned through the pdf format of the presented budget I saw two columns with capital related heading, the sum of which is more than 3 trn.
I just check my one drive space now found out that I am yet to upload it there, I will possibly make a second check on it and confirm my assertion, if otherwise I will confirm by Tuesday and if not will attached it pdf.
I just pray my downloading folder is not yet cleared as the PC has the company IT policy applied on the it.

1 Like 1 Share

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by aieromon(m): 10:21pm On Dec 27, 2015
TonyeBarcanista:

Woman, if you want to attack my person be bold enough to do it directly(though I will ignore). Using indirect means doesn't tell good of your person.

My disagreement with you came because I refused to support Saraki and other PDP thieves facing trial. I left the SCN for you guys yet you won't mind your lane.

I'm not a sycophant and not a political jobber seeking patronage from any corrupt personality. I play politics according to my conscience dictates with the interest of Nigeria and my conscience as the motivator. I have a reputation beyond Nairaland to protect, and I have proved critics several times that Nigeria comes first for me.

I will advice that you face your lane and respect yourself. If however you choose otherwise, I will ignore you. Using indirect means doesn't tell good of you.

For the record, I DON'T seek your patronage.


Çc: Passingshot and Truckpusher please take note!

Kindly open a thread so that the whole of Nairaland can take note.

2 Likes

Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by aieromon(m): 10:26pm On Dec 27, 2015
MizMyColi:

Kindly ignore my earlier post.

For some time now,it seems you don't really make detailed analysis/research before making your opinions known.

Just saying......
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by MizMyColi(f): 10:31pm On Dec 27, 2015
TimeManager:
First, I Commend OP For This Rejoinder Which I Considered Not Neccessary For The Sake Of Rebuttal. However, I Am Eagerly Awaiting NOI's View On This Budget. This Budget Is Comprehensive To Say The Least But Hard For Any Wailing Sentimen


First, This Is A Medium Term Expenditure Budget- This Must Sink in.
Must We Refuse To Borrow Because Of An Outstanding? Is The Debt : GDP Healthy?

Do We Have The Benchmark Of $38 In The Region Of Safety? Absolutely Yes.
A 30% Capital Expenditure, So Much Expectations For A Non-oil Revenue Projection. A Rare Kind. I Couldn't Care less About Those Who Squibbles On This Budget, I Care More About The Masses That It Would Benefit.

No Lie Only Truth!

My dear, this is not meant to put you down in any way and I'm sorry in advance if it comes across as that...

But must you always begin every word in your post with capital letters?

Do you have to leave a long space after your post so you can write "No Lie Only Truth?"

I consider myself a very understanding and tolerant person, so if your manner of writing irritates me and gives me the impression that you are not ready for a proper discuss, I wonder how it must be for others.

I do not own you, your MB nor your space, but I consider you an intelligent fellow who has more to offer in terms of discourse around here. It's just that I think you're missing out in terms of properly communicating your views.

Again, I apologise profusely if you take offence at my commentary.
It is not my intention to hurt your feelings.
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by MizMyColi(f): 10:36pm On Dec 27, 2015
aieromon:


For some time now,it seems you don't really make detailed analysis/research before making your opinions known.

Just saying......

Knowledge begets knowledge.

No one is an island of such.

Discourses like this are meant to stimulate one to dig further and learn more.

Declaring an opinion is different, very different from asking questions in a bid to know more.
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by baralatie(m): 10:45pm On Dec 27, 2015
TGM2015:


N1.84 trn was quoted to be capital expenditures as widely reported, I will not dispute that. But I knew the last time I scanned through the pdf format of the presented budget I saw two columns with capital related heading, the sum of which is more than 3 trn.
I just check my one drive space now found out that I am yet to upload it there, I will possibly make a second check on it and confirm my assertion, if otherwise I will confirm by Tuesday and if not will attached it pdf.
I just pray my downloading folder is not yet cleared as the PC has the company IT policy applied on the it.
Check it very well!
The fg intends to borrow
1,#900 billion from local market and
2,#900 billion from foreign bodies.
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by mandhi(m): 12:15am On Dec 28, 2015
TonyeBarcanista:

Few weeks ago I did tell you that there is no way Nigeria can raise N2trillion from tax.... I even went on to say that government will borrow if she is to fund the N6trillion 2016 budget. You argued but today you are defending borrowing.

I don't think you follow trend on the crude oil issue. By 2016 Iran will be pumping a lot in the market. Same with Saudi Arabia(continuous pumping) and new entrants Russia and USA. Do you know the implication? Oil slump, more competitors and less buyers in the market. I don't need to tell you the implication with respect to our revenue.

As for tax, low revenue mean a reduced petroleum profit tax and company tax. It means less money will be domicilled in our banks, that also means less tax from financial institutions. Should oil company and the banks downsize, it means reduced income tax as well. When you keep talking of our GDP, have you asked what drives the GDP? Is it not majorly oyel and its offshoot? Is Nigeria a producing country? Think.

What happens when government borrows more to plunge us into more debt when the the prospect of increasing our GDP is technically non-foreseeable? What do you think will happen say 2017 and 2018? Will they borrow?
Seriously barcanister this particular comments makes no sense at all considering Nigeria's current GDP stands at 1.1tr bigger than the next two economies combine in both south Africa 535bn and Egypt 320bn. Therefore can pls elaborate on that knowing fully the nollywood generates BTW 2-3tr in revenue for the economy. Let's not forget manufacturing companies like dangote, innosons motors, zinnox computers etc and big conglomerate business men like cosmos maduka, mike adenuga. So pls elaborate on the comment better pls.
Re: 2016 FG's Budget - Budget Of Change, Hope & Economic Revival by TimeManager(m): 12:32am On Dec 28, 2015
@MizMyColi, **You got me cracking.** I presume you are a perfectionist; that's a compliment. My caps lock is on a single dimensional. As a matter of fact, i intend to play along by the mechanical errors to rationalise the stress involved in being too formal. Though, i'm extra cautious in my formal obligations. I'm sorry to have not in the least taken into consideration the sensitivities of grammatical adherents. However, on a personal note, i'm not arrogant to oblige.
No lie only truth!

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