@2JldSyQtiz46512@abubakarzira3@NigeriaStories The Rivers issue is also under girded by clear onstitutional provisions. He may have stretched the powers donated to him by the Constitution in this instance. It is why it's important to always act within the bounds of the rule of law
@AlawaniBen2023@DeeOneAyekooto I was screaming at my phone when the journo insisted that the figures were debatable. As in how? The guest provided the budget estimate for 2026, the expected revenue inflow and the deficit gap that that'll be funded via borrowings. Olodo uprising!
@abubakarzira3@NigeriaStories The Constitution of Nigeria provides the template for the allocation of all funds paid into the account to the three tiers of government. The president swore an oath to OBEY the Constitution
He doesn't need to consult you
@Kelachukwu71792@atiku Nigeria's budget deficit this year is about 34 trillion without subsidy payments. This are trillions we have to borrow this year. Please tell us how much your targeted subsidy will cost and where you'll source the funds for it from
@NajibHaruna_@tijanjaOfficial@SoprialaMembere@imerm_jr Not all states want subsidy. Most want to deploy their enhanced revenues towards real development as exemplified in Lagos, Enugu, Anambra, Abia and Akwa Ibom. You can reinvest your own enhanced revenues in providing cheap fuel for people in your state. Enjoy
@NajibHaruna_@tijanjaOfficial@SoprialaMembere@imerm_jr But they are the biggest beneficiaries. They collect both state and LGA allocations. According to minister of finance: of the 15.8 trillion subsidy savings states and LGAs pocketed over 10 trillion. They should showworkings abeg
@gudlukinboss@Big_marvis Harvard University has a yearly budget of approximately 7 billion usd for its student and faculty population of 24,000. Nigeria's 2026 budget is approximately 49.5 billion usd fir 230 million people. What better describes a poor country
@ennyola0015 Please see S. 40 of the 1999 constitution, the case of INEC vs Musa and take note of the fact as pointed out here that he's a political appointee whose tenure isn't guaranteed like that of the CBN gov
@Waziriadio@THISDAYLIVE Excellent, well researched and balanced take on the resurgent issue of petroleum product subsidy. I totally enjoyed reading this article.
@muda_mushab@allibaloo So instead of focusing on efficient deployment of the enhanced revenue which is still a measely sum compared to our population & needs, you want to go bek to a subsidy regime that nearly bankrupted this country. Always the easy way out
@ishakaa@realYusufTukur@officialABAT@SamuelOmogor@ThatIsokoLawyer@DMONigeria The National Assembly in 2024 conducted further review of the advances taken by the government & discovered that there were ways and means advances that weren't disclosed. Why do insist on info that had been overtaken by better evidence. This is a xter flaw
@AhmedIbrah99223@fimiletoks Geopolitical tensions and currency volatility, gold has become the most effective store of value. Countries are rapidly increasing their gold reserves & retrieving their gold from reserves from offshore countries. Gold is an essential necessity currently
@ishakaa@realYusufTukur@officialABAT@SamuelOmogor@ThatIsokoLawyer@DMONigeria You mean the funds that would have been borrowed at cut throat interest rates or the discounted crude that was supplied under gazelle 1 & 2 to creditors? States, LGAs & d FB are receiving enhanced allocations. We should focus on ensuring it'sefficientlyd spent
@Realoilsheikh How do you replicate the Russian template in a country as big as Nig, with a yearly budget of less than 50 billion usd. A country that owns less than 20% of the measely 1 5 million barrels daily production. ?
@Realoilsheikh How do you replicate the Russian template in a country as big as Nig, with a yearly budget of less than 50 billion usd. A country that owns less than 20% of the measely 1 5 million barrels daily production. ?