Caleboha:
If 3.4 trillion naira has been recovered these things shouldnt happen;

1. Sharp decline in monthly federal allocation to states. Most states are walking very tight ropes. Unable to pay salaries. I am presently owed 5 months salary. Last month only a meagre 281 billion naira was shared. Throughout the last regime, it never fell below 340 billion

2. Rising spate of unemployment. Most federal and state parastatals confess they are truely under staffed but cannot employ due to lack of funds. Blaming lack of funds for inability to function is the new norm

3. Businesses are daily being crippled as the economy suffers from lack of sufficient activity in the small and medium scale sectors; drivers of the economy. Without cash for capital, this segment of the economy goes weak.




An account needs to be given before expenditure.


4. Desperate moves to obtain loans from the world bank and China. This should clearly be uncalled for

5. Hundreds of projects have been halted and hardly any commisioned in the last one year. All the contractors allude that the government is falling short of the terms of the contract.

6. Move to increase taxes on all levels without commensurate improvement on the execution government's social responsibility to its citizens

Feel free to add yours. Just facts, no abuse

Buhari must realise that freezing the whole system and trying to control everything will make him ultimately fail.

Saving up cash or funds is the crudest means of wealth creation. If that is Buhari's plan or idea its a shame! Of what use is 3.4 Trillion if Industrialisation is at a halt, capital projects stalled, standard of living on the decline, Salaries and lawful entitlements of citizens unpaid.

ruggedchap:
well said, but let us give them the benefit of doubt and wait over the next 6 months to see if there will be improvements.

abouzaid:
the father of modern economics said that "in the long run, we're all dead". let him name the looters and pay the money into the federation account to be shared so that states owing salaries can pay up. there's too much suffering in the land already.

Saving up cash or funds is the crudest means of wealth creation.

mrvitalis:

Do u know that this is democracy? ?

csamii:


And when did buhari start giving a fvck about democracy?

mrvitalis:

Smh

Adminisher:
N3.4 trillion has been recovered . Only about 400 billion is actually liquid. Not all the money is in the kitty.