GavelSlam:


Analogy is lost on you.

It is evident your school certificate has been used to serve Suya one Rainy night in Abagana.

modik:



Diversionary theory.

Your Last response from me.

Adminisher:
Jonathan, see your life.

LionDeLeo:
The shuku alawadas will soon come up some jugunu analysis to justify the catastrophe of the most disastrous prodigal president Nigeria has ever had since pre-colonial era in person of his Royal Cluelessness, gej.

Cletus77:

Tah! hold it! Saving or no saving, if there is no increase in the standard of living of the people, its just another effort

Desyner:
What's the point if a man grows his savings by #1,000 but ends up borrowing #3,000.
Worse part of it all is the fact the saving gives next to zero interest while the debt has a significant interest accruing.

If I go further now, the synchronized zombies may come after me, so I rest my case.

modik:


You mind him.

Those mortgaging the future of unborn Nigerians via modern slavery tool of debt burden are the ones telling us they have saved.... Let's see how much they would hand over to the next administration.

modik:


You mind him.

Those mortgaging the future of unborn Nigerians via modern slavery tool of debt burden are the ones telling us they have saved.... Let's see how much they would hand over to the next administration.

Adminisher:


Jonathan has already wasted a generation. Unfortunately part of that generation from a particular geo political zone have accepted it already.

Adminisher:


The foreign reserves is stock.of dollars available to finance imports. It is not savings in that sense. Most of Nigeria's external borrowings are for projects which will pay themselves out over time. They are as justified as the GSM companies operations many years ago.

Adminisher:


The foreign reserves is stock.of dollars available to finance imports. It is not savings in that sense. Most of Nigeria's external borrowings are for projects which will pay themselves out over time. They are as justified as the GSM companies operations many years ago.

Desyner:
Will a man who has $39B in saving at 0% interest need to borrow $2B at 5% interest. Your critical analysis is tragically flawed.

Adminisher:
Jonathan, see your life.

modik:
If only you could be generous enough to give us the percentage of CAPEX budget implementation since 2015 to buttress your infrastructural upgrade justification.
I guess the Aso Rock clinic has been equipped?

NgcoboP:
..The wife of President Muhammadu Buhari, Aisha, has followed the footsteps of her daughter, Zahra, by criticising the management of Aso Rock Clinic.

Zahra Buhari had last week taken to her Instagram page to criticise the Permanent Secretary of the State House, Jalal Arabi, for his inability to provide even Paracetamol tablets to the clinic despite a budget of N3 billion for the provision of drugs to the hospital.

Speaking Monday at a stakeholders meeting on Reproductive, Maternal, Nutrition, Child Advocacy and Health and Nutrition, RMNCAH+N, at the State House, Abuja, Mrs. Buhari said she recently fell ill and was advised to travel to London for treatment, but she refused.

“I called the Aso Clinic to find out if they have an X-Ray machine, they said it’s not working
“In the end I had to go to a hospital owned and operated by foreigners 100 per cent

“There is a budget for the Hospital and if you go there now, you will see a number of constructions going on but they don’t have a single syringe there. What is the purpose of the buildings if there are no equipment there to work with?”

“You can imagine what happens across the states to governors wives if this will happen to me in Abuja,” she said.

The Aso Rock Clinic management said last week it was short of funds for major projects and purchases and would demand the commercialisation of the clinic’s operations for efficiency.

https://www.premiumtimesng.com/news/headlines/245518-breaking-aisha-buhari-attacks-management-aso-rock-clinic.html

usba:
I am sorry to say most of you don't have critical analysis skills. A lot of people will take a mortgage to buy a house in essence borrowing beyond their immediate capacity to pay, hence loans are take to undertake purchase that are usually beyond your capacity to pay in one sitting but will be paid when spread over a period of time. Nigeria wouldn't need to borrow if Jonathan had saved his 56% portion of the ECA.

anonimi:
Tinubu Tackles FG, CBN On Excess Crude Oil Sales Account
Feb 22, 2001









The Lagos State Governor, Senator Bola Ahmed Tinubu, yesterday joined issues with the Federal Ministry of Finance and the Central Bank of Nigeria (CB N) over the recent face-off between the different tiers of government on the excess crude oil sales reserve account of US$ 1. 8 billion which is about N198 billion.

Expressing concern at the impression being created that the economy is rudderless, Tinubu argued that the central issue transcends the release or non-release of the fund into the Federation Account.

In his words: “The fundamental issues and principles at stake go much deeper. They are more broadly about the rule of law and the supremacy of the constitution on one hand, and the need for cooperation and coordination in a true federal structure, as a basis for sustaining and strengthening our fledgling democracy on the other hand”.

Governor Tinubu [size=14pt]disagreed with the CBN's position that release of the excess crude reserves to the states and local governments, though legitimate, [/size]would lead to inflation; cause a rundown of the nation's foreign reserves; weaken the exchange rate further and run counter to agreements reached with the IMF.

The Governor contended that "in a period of excess capacity and low purchasing power, there should not be undue inflationary pressures from an injection of funds into the economy. Instead, such a development should be beneficial to economic activity and growth, despite the fact that there are supply rigidities and inefficiencies which would limit the potential benefits”.

On the purported likely impact on foreign reserves, Tinubu argued that "in an import-dependent economy such as ours, it is inevitable that an upturn in the level of economic activity would engender a fall in foreign reserves. This is not necessarily a bad thing. Rather, it would be immoral to appear to be building up high foreign reserves in the midst of grinding poverty”.

He stressed further that if the N198 billion released is matched by an equivalent US$1.8 billion, there should not be a fall in the value of the Naira as the supply of dollars would be in place to match any increased demand”.

Tinubu also said it would be unfair for the federal government to agree unilaterally to commit revenues due to other tiers of government, to an agreement with the IMF or anyone else.

Attributing inflationary pressures in the economy largely to the federal government's overspending and printing of money to finance such expenditure, Tinubu said "It is hardly fair for the FGN to overspend and then seek to correct the inflationary effect on the economy by starving other tiers of government of their rightful funds”.

Stressing that there is no basis for CBN or any authority to flout the constitution and deny states and local governments their own share of the Federation Account, Tinubu noted that "the excess crude reserve account is itself an illegality, carried over from the military era, as there is no provision in the law or the constitution for federally - collected revenues to be diverted to such an account”.

Advocating constructive dialogue on the management of the economy Governor Tinubu said "it is time for us to sit down and dialogue about how to move from where we are now, to where we need to get to, while respecting true federalism in fiscal and other matters”.

From: http://asiwajubolatinubu.com/archives/news/2001/02/22/20010222N01.html

ChidiAlaigbo:
Dont worry, Buhari will personally bring you and your family food to eat. Shebi that is what you expect.
5% counts for nothing !!!

newslinkngr:
President Muhammadu Buhari has again declared his love for people of the South East.
Buhari made the declaration while decrying his alleged hatred for the region.

He said “mischief makers” were behind the claim.

He spoke Amegu Ikwo Local Government Area of Ebonyi State during a special empowerment programme for widows.
Buhari was represented by the Executive Director in charge of Administration/Training, Nigeria Television Authority, Dr. Steve Egbo.
Read more: http://www.newslinkngr.com/2017/12/i-love-igbos-i-would-remain-friend-to.html

GavelSlam:


Analogy is lost on you.

It is evident your school certificate has been used to serve Suya one Rainy night in Abagana.

Desyner:
What's the point if a man grows his savings by #1,000 but ends up borrowing #3,000.
Worse part of it all is the fact the saving gives next to zero interest while the debt has a significant interest accruing.

If I go further now, the synchronized zombies may come after me, so I rest my case.

madridguy:
Good development.

Happy new year Sai Baba

Happy new year Sarrki/hadura29

Happy new year APC world wide

Happy new year Nigeria.

ivandragon:
classic case of clapping with one hand...



FG can save because it rather have Nigerians suffer. its as simple as that.


pmb rather have Nigerians pay more for fuel & agric products.


pmb rather ensure that schooling abroad becomes a nightmare for those who are not connected enough to his 'regime' to get dollars at $1-N40...


pmb rather have companies close down than allow them access to funds to do business properly & retain manpower...


the savings have increased because its the only tangible thing pmb can point to, but at what cost?


a government claims not to have funds to invest in infrastructure & improve lives, but makes savings a priority... saving for who?

Desyner:
Will a man who has $39B in saving at 0% interest need to borrow $2B at 5% interest. Your critical analysis is tragically flawed.

life2017:


Is this your response sensible? Just a question not an insult? $40bn projected (Prediction/estimate) $39bn achieved. Is that not within margin of error in estimation?