TimeManager:
@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!

Bless You Bruv.

I hope this gets to you before I'm banned.

TimeManager:
@MizMyColi, A ban?, how?

IsraeliAIRFORCE:


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?

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. 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

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.

MizColiatu:


I knew it was coming.
Everytime I see helpless/dying people and there's really nothing I can do to help, I become wrecked emotionally, and I get angry when I see people who don't show concern.

Arres a and Clever ly were casualties.

I feel weaker right now.

I just got word that Aunt Folake, whom I knew through NL and took care of for a very brief period died on xmas day.

I was able to meditate and get myself to release the negative energies of anger caused by Ngene and co.

But this one?
I can't seem to shake it off or get a grip on self.

bloodykiller:
[s][/s]

mr TonyeBarcanista or whatever the worst thing i hate from someone is pretending and playing the fast one on people 10 times smarter than you in all ramifications.
remember am the last person you can fool on this pretending stuff of you. don't you think that you can use style to strengthen your useless mistakes or ride on people.
but I'll ask this question, man what do you intend to archive with all this?
don't you have life outside nairaland for Christ sake this is a festive period but you centered your life on nairaland hating trying to fool people that doesn't know you.

I'll remind you dude you're not a new member here neither do i so i think both of us understands our modus operandi very well and just like you know me i don't take it lightly when someone insults my comrades and I swear with my life i drop all this my flexing here and focus on nairaland just because of you to God who made me no moderator will save you from my hand.


btw: quit pretending and giving false reason for your double standard at pdp or friends because you and i knows that it's a white lie I'll advice you to steer clear from that side
Thanks.

cc
passingshot
ngeneukwenu
Beremx
MizMyColi

chudionu58:
Good morning dear nairalanders! It's being quite an educative thread but pursuant of my self appointed task on this forum to continually deflate APCs Lies, deceit and propaganda; I challenge 'passingshot' to come clean on this two facts...
1. "Another key aspect of the budget is the increase in capital spending. Never in thehistory of Nigeria have we had anythingclose to 30% of the budget earmarked forcapital spending."
Is that for real? It's a shame people who claim to love Nigerians more than themselves, permanently go about deceiving them! it must be noted that the 2013 capital spending was 32.5%
http://www.vanguardngr.com/2013/03/2013-budget-we-allocated-over-n950bn-for-national-security-purposes-o-okonjo-iweala/

2."What is mostimportant is the debt burden to GDPratio. The deficit of 2016 budgetrepresents 2.16% of GDP and it takes ourtotal debt profile to 14% of GDP. Bywhatever parameter or school of thoughtone uses to examine it, Nigeria at 14%debt-to-GDP is not in any debt crisis; sheis not even near a crisis at all".
While the above assertion is not incorrect (infact, perfectly in order);But, may we please know the GDP figure Buhari and the APC used, is it the pre rebased or post rebased figures?? I find it hard to believe that you and your deceptive APC told the world that it was a gimmick rebasing our GDP! only to evidently use the same figures!!!! Hypocrisy? No?
http://www.thisdaylive.com/articles/apc-calls-gdp-rebasing-pr-gimmick/175906/
One would have expected the APC to adjust those figures if they truly believe their mouths!!

Answering those questions will make people like us start to take you serious.Especially coming few months after you deliberately refused to accept certain simple facts about
1.The true state of our refineries,
2. Who was responsible for the turn around maintenance and
3.Improvements in power supply! where your fashola pledged continuity (not change)!

cc: Barcanista, Mizmycoli, IsrealiAirForce etc

PassingShot:

Do you need my help?

bloodykiller:
[s][/s]

warn TonyeBarcanista

PassingShot:

But he's your comrade nah. Or a trailer has caused a separation of you guys?

PassingShot:

Why don't you just read up on zero-budgeting and save us the headache of having to educate you forcefully?

In your mind, zero budgeting means there won't be any budget by the FG. Olodo upon 100!

bloodykiller:



[s]You see let me tell you there are many injustice on nairaland but i will never complain because my life is not centered on nairaland.

Some of this nairaland wannabe politicians and analysts can never face a multitude of electorates talk more of seeing or having a conference with their governor.

if you must know MizMyColi am a full card carrying member of apga and I got promoted recently... (that one na long story) we're currently running a youth program both offline and social media which am one of the top member and also many influential stuffs. the chief whip Anambra state though naughty and extremely forking rich but na padi me but with 100% respect and loyalty because am still a boy i spent 40% of this festive time with him in his private resident ( pm me for pics if you want)

and so many, come see conferences and political youth gathering you'll see vibrant youths discussing politics and the way out.
more but you'll can never see me waste my time on nairaland forming rubbish or trying to fool people.

many of us here are aware of this injustice but as big boys we don't complain we move on

as for TonyeBarcanista you better ignore that nigga, that many of us ignore is accusations and tricks he's playing here trying to smuggle himself back doesn't mean we don't know all his modus operandi.

we just choose to ignore him but he'll be a biggest fool and will shoot himself to death if he attacks you again.

am now watching him

MizColiatu:


I knew it was coming.
Everytime I see helpless/dying people and there's really nothing I can do to help, I become wrecked emotionally, and I get angry when I see people who don't show concern.

Arres a and Clever ly were casualties.

I feel weaker right now.

I just got word that Aunt Folake, whom I knew through NL and took care of for a very brief period died on xmas day.

I was able to meditate and get myself to release the negative energies of anger caused by Ngene and co.

But this one?
I can't seem to shake it off or get a grip on self.

Ebukaobi:





Chai Bloodykiller no go kill us oooo

Bloodykiller is the head of youth wing of Apuga

baralatie:

Check it very well!
The fg intends to borrow
1,#900 billion from local market and
2,#900 billion from foreign bodies.

Giving the breakdown, Adeosun said the Federal Government received N139.5billion, [/b]representing 52.68 per cent; states, N70.7billion, representing 26.72 per cent.

She said that the local governments received N54.5billion, amounting to 20.60 per cent of the amount distributed.

The minister further said that N25.6billion representing 13 per cent derivation revenue was shared among the oil producing states.

Adeosun said the country generated N198.5billion as mineral revenue and N98.8billion as non-mineral revenue.

“Also, there was revenue loss of $19.4million as a result of drop in federation export, even though the average price of crude oil increased from $46.9 per barrel in September to[b] $49.5 per barrel in October’’.

Giving the breakdown of revenue among the three tiers of government, Adeosun said the Federal Government received N191.9 billion, representing 52.68 per cent; states, N97.3 billion, representing 26.72 per cent. . . . . . "Also, there was revenue loss of 1.3 billion dollars as a result of drop in average price of crude oil from 47.3 per barrel to 46.9 per barrel in Sept. 2015", she said.

The fact that we can still get a 30% capital budget at this time of our eonomy with low crude price is worth praising though.

4Play:
@Passingshot,
I have to say that unlike most posters on here, you are more likely to admit error and that's a laudable attribute as it demonstrates intellectual courage and integrity.

That being said,you still maintain some redoubts of denial aimed at circumnavigating the logical discontinuties in your and APC's present policy positions and previous policy positions. As the previous poster chudionu58 noted, it is simply inexcusable to claim in one breadth that Nigeria's GDP stats as of May 29 2015 were bogus but to now claim that is logical to rationalise today's spending and borrowing plans on what you deem bogus data. If the data is bogus, it is the height of irresponsibility to borrow and spend on the strength of it.

Everyone has forgotten that it was not long ago we were in uproar over the quantum of debt left by GEJ which most Nigerians claimed was irresponsible. GEJ borrowed $21bn in his 5 years in office. The import of this budget is that Nigeria plans to borrow at least close to $10bn in 1 year, almost half of what GEJ borrowed in 5 years. This is justified on the basis of debt-GDP ratio being low when the GDP data has been described as bogus!

Another issue that comes to mind is how anyone can continue to claim that the $20bn loot claimed by Sanusi to have been stolen over 18 months is plausible. PassingShot accepts the goverment's claim that at $38 per barrrel, oil revenues will be 850bn Naira or $4.3bn at the official exchange rate. Extrapolate from that to $100 per barrel and anyone with a basic grasp of numeracy will start to notice that the purported sum of theft is unlikely. This is partly what GEJ in his dim-witted way referred to when he said "America will know."By the way, isn't funny that these sorts of sums, $20bn is 4 trillion Naira, were stolen and no one has been charged? We are all going bananas over the charges made against Dasuki but the actual charge, not the media tittle-tattle, refers to sums significantly smaller. Sahara Reporters claimed $10bn was used for the elections, that's close to 2 trillion Naira. How come no one has been charged for anything remotely close to those amounts?

Finally, a lot of attention has been focused on the probability of the oil estimate of $38 per barrel being met. FG revenues are projected at 3.8 trillion Naira in 2016, an average of 316bn Naira a month. What is not noted that it is unlikely the non-oil revenue estimates and the total revenue estimates will be met. Simply look at current revenues today, the FG received 139bn Naira in the last FAAC allocation based on an oil price of $49.5. See below:

http://leadership.ng/news/485842/faac-fg-states-lgs-share-n369bn-november. Please note that the monthly allocation are based on the previous month's revenue.

The previous month was 191bn Naira for the FG at $46.9 per barrel, so it was largely due to non-oil revenue -http://www.news24.com.ng/Politics/News/fg-states-lgs-share-n4738bn-for-october-20151128.

And before that 151.3bn: https://www.nairaland.com/2697931/faac-fg-states-lgs-share#39470160.

So you can see from the above that FG revenue under Buhari has not gone beyond 200bn Naira per month at a time oil sells close to $50 per barrel. Hence the likelihood that the FG will raise 3.8 trillion in 2016, averaging 316bn Naira monthly and at $38 per barrel, from mainly revenue collection alone is far-fetched to put it mildly.

I will do a separate thread for the above as it is easier to discuss.

MizColiatu:
This is why I decided to keep shut and just read the opinions on this budget issue from more learned folks on the matter.

I guess 4play hasn't see this thread.


I have to agree with Chidionu58 though, on the second point he raised.

If APC seriously decried the GDP rebasing stats at the time, on what moral and professional ground do they now use it to make budgeting decisions.

Perchance, is this an admittance that they goofed?
Isn't this hypocrisy?

PassingShot:

Read my response to 4Play.

And if APC didn't like or agree with the stats of NBS, which ones will it have used?

It's not a case of morality or professionalism. It's a case of having no choice when one's hands are tied.

TGM2015:
@baralatie and TonyeBarcanista

I promise to get back, unfortunately the folder has been cleared. Thank you.

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.

[quote author=TonyeBarcanista post=41396374]


[quote author=TonyeBarcanista post=41396374]
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!

Whynotthetruth:
1)I simply decided to cut my sabbatical just for today to warn you...Who do you think you can deceive?...How smart do you think you're?...

2)Why not insult Mizmycoli directly than getting on issues that has no bearing on the discussion at hand in this thread...or is your shadow pushing you already

3)Don't ever try ditching the truth to make us look bad again publicly or I will come for you, either my tribe or SCN(though not a member)...Remember, I am an insider ...Firefire warn him Sir...

4)Why not open a thread to warn her or blackmail her? What has Truckpusher or Passingshot got with this issue? Why copy them?...I watched you last time in silence blackmail Dearpreye using same tactics...

5)I see you trying to soak into Ngeneukwenu & co nowadays... I thought you vowed always ignore them here?...What happened? Plotting on how to move in again with them now?...smh...You think Biafra agitation provided a window for you to jump in with them again; hence you're providing threads to support them?... Maybe you need to check the dictionary meaning of sycophancy and political jobbers again since you have reputation to protect...

6)Don't insult me or my own people and enjoy your peace...Flaunt this and we Unclad ourselves here...

Thanks and happy new year broda...My best wishes as always but truth must always prevail in our dealings...

LadyExcellency:



Booked for reference purposes.

I am aware he attended the last National Youth PDP meeting and he was promised a role in rebranding the party and some commensurate benefits.

But I still don't know what went wrong along the line. May be I need to ask Joe for details.