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Nairaland Forum / Nairaland / General / Politics / 6 Takeaways From Buhari's Speech During 2017 Budget Presentation (38180 Views)
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6 Takeaways From Buhari's Speech During 2017 Budget Presentation by boman2014: 5:11pm On Dec 14, 2016 |
The presentation of the N7.298 trillion 2017 budget with 20.4%
increase over the 2016 estimate was scheduled for 10am but did
not start till 2.18pm. The 2017 budget was benchmarked at N305 against the US dollar ($1) with 2.2 million barrels. The 2017 budget also sets a benchmark of $42.5 per barrel of oil, as against $38 in 2016. Below are 6 takeaways from Buhari’s speech during the presentation of the budget. 1. Building the nation’s economy The president stressed the need for the country to focus on building the economy by producing more rather than depend on imported goods. He said for the nation to achieve self-sufficiency, more work needs to be done. "I hereby make a special appeal to states to make land available to farmers," he said. 2. Increase the production of oil Buhari noted that his administration was determined to get the production of oil back to at least 2.2 million bpd. 3. Infrastructure The government will focus on the development of infrastructure, especially road and rail in 2017. 4. Power sector He said this sector is experiencing funding issues though there has been an intervention. He said a provision was made in the 2017 budget to offset the country's electricity bills. 5. The war against insurgency Buhari said his administration was committed to maintaining peace and security nationwide. “We will continue to fortify our defence spending till all our enemies within and without are subdued. “The people who voted for us are waiting for us to change the course of this nation,” he said. 6. Provisions in the budget He disclosed that N100billion was allocated to the judiciary to allow them do their job with independence. Defence got the budgetary allocation or N140billion, water resources N85billion, interior N63billion, education N58billion, UBE commission N92billion, FCT N37billion and NDDC N61billion. Buhari expressed optimism that the 2017 budget will make the lives of Nigerians better than it did in 2016. This will be the second budget the president is presenting to the National Assembly. The first which was presented in 2015 was trailed by controversy. Buhari refused to give assent as the budget was said to be padded. https://www.youtube.com/watch?v=Jm2gfXA_J-c 11 Likes 4 Shares |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by herzern(m): 5:22pm On Dec 14, 2016 |
Sir. You are the man fit for the job. *You won't award ghost contracts *You won't pardon the lootinq of our commonwealth *You won't pay Traditional Rulers dollars for your re-election *You won't siphon Public funds for private use. I BELIEVE IN THE GCFR. 238 Likes 23 Shares |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Moreoffaith(m): 5:22pm On Dec 14, 2016 |
This guy above me hen... 54 Likes |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by feodan: 5:22pm On Dec 14, 2016 |
some one should help me tell this man should shut up 14 Likes 2 Shares |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Firefire(m): 5:23pm On Dec 14, 2016 |
Buhari expressed optimism that the 2017 budget will make the lives of Nigerians better than it did in 2016. What is wrong with this man sef? 2016 Budget was called Budget of CHANGE, yet Nigerians lives became so miserable with hyper-inflation, devaluation, extremely reduced purchasing power and gross reduction in disposable income. Here we are with another set on new lies. Buhary, please what have you done to the culprit of 2016 Budget panders? Nothing! Then, we should expect another set of 2017 budget padding. Nigeria in a vicious cycle since May 29th 2015. ![]() ![]() 65 Likes 6 Shares
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Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Sweetguy25: 5:23pm On Dec 14, 2016 |
7 trillion under Buhari is 3 trillion under GEJ. Naira has been devalued by over a 100 percent so Nigerians dont be fooled 64 Likes 4 Shares |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Mujaheeeden: 5:23pm On Dec 14, 2016 |
Click LIKE if you know this budget will be like 2016 own 114 Likes 9 Shares |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by idris4eva(m): 5:23pm On Dec 14, 2016 |
We have hear oooo.......shege mavorody 3 Likes |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Hotfella(m): 5:23pm On Dec 14, 2016 |
K 2 Likes |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by SWORD419(m): 5:23pm On Dec 14, 2016 |
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Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by uknownforce: 5:24pm On Dec 14, 2016 |
check my signature for something better than mmm, its blazing hot! |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by nnaemmy(m): 5:24pm On Dec 14, 2016 |
Let's pray it scale through the National Assembly without padding. ![]() 3 Likes |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by SWORD419(m): 5:24pm On Dec 14, 2016 |
may be the person below me have somein beta to say. |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Bants(m): 5:24pm On Dec 14, 2016 |
Education budget is pretty low sha...and so na farming be the new yahoo yahoo 1 Like |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Nobody: 5:25pm On Dec 14, 2016 |
I supported PMB but his economic team have been a fiasco, decline in oil prices or not. The forex rates shouldn't be this bad, some of the policies tried / proposed have been comical. What would DSS arresting BDCs achieve? Data price hike? Arresting people who keep foreign currency for more than 30 days even if legitimate? Closing all land borders when the existing ports might be overwhelmed ? GEJ failed as a leader, sadly PMB has been woeful as well. All sentiments aside... 35 Likes 3 Shares |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by hazyfm1: 5:25pm On Dec 14, 2016 |
ok 1 Like
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Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by amanze15(m): 5:25pm On Dec 14, 2016 |
Okay baba we want actions, you are trailing the line of blame of the wastefulness of the past administration, but it's time to help us through this situation abit, even if we are a monoeconomy....sai baba 7 Likes 1 Share |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by czaratwork: 5:25pm On Dec 14, 2016 |
no be plagiarism at work? 4 Likes |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by madridguy(m): 5:25pm On Dec 14, 2016 |
Long life Sai Baba. 3 Likes 1 Share |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by dollaflow(m): 5:25pm On Dec 14, 2016 |
Hmmm |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Nobody: 5:26pm On Dec 14, 2016 |
Shouldn't this budget be suspended, what has been done with that of 2016? 6 Likes |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by HOLYSEE(m): 5:26pm On Dec 14, 2016 |
let the games begin |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by june20(m): 5:26pm On Dec 14, 2016 |
Thanks Mr President 3 Likes |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Zedoo(m): 5:26pm On Dec 14, 2016 |
Is this important? Government doesn't care about you. Hustle till YOU become the government 4 Likes |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Nobody: 5:27pm On Dec 14, 2016 |
Nigeria will be great again,insha Allah. 5 Likes 1 Share |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by seunlly(m): 5:27pm On Dec 14, 2016 |
Budget padding loading @ Green and red house 88% 1 Like |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by ElsonMorali: 5:27pm On Dec 14, 2016 |
I wonder what the judiciary will do with 100BILLION Naira in one year. We are watching. 5 Likes 1 Share |
Re: 6 Takeaways From Buhari's Speech During 2017 Budget Presentation by Zedoo(m): 5:27pm On Dec 14, 2016 |
Moreoffaith: D guy is just a.....cock 3 Likes |
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