After 40 days and 40 nights (it’s actually 39 days) on the saddle, President Muhammadu Buhari has performed his first miracle: He has conjured a mind-boggling N414 billion out of an otherwise ‘empty treasury’.
‘Bailout’ is the catchword. And now, our errant governors can return to their old habits. There’s now plenty money to spend again. The party can start afresh. Yes, the bazaar is back!
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A whooping N413.7 billion. Another N250 billion (in the least) coming from the Central Bank, in the form of soft loans. A restructuring of commercial loans amounting to about N660 billion, with the Federal Government set to serve as guarantor for fresh loans that the states may procure fromcommercial banks. The governors have definitely got back their groove. The spirit of the prodigal is set to return.
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After nearly six weeks of prevaricating, PMB, who is not usually swayed by public opinion (which also explains why he’s taking his time and ignoring all of us clamouring for him to announce hisfirst cabinet), has finally capitulated to pressure. He has emptied our excess crude account (which Goodluck Jonathan was supposed to have cleaned out, by the way) and shaken out every dime inside the purse containing our LNG proceeds. And like the PDP before it, the APC is now set to “share the money”!
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The only difference now is that everything has been put on the table for sharing – unlike before, when they only brought a fraction to the sharing-table, while the larger chunk remained under the table, from whence it vanished into private pockets.
Of course everyone, saint and sinners alike, is getting a cut. It is to cushion the effect of 16 years of PDP’s mismanagement, especially in the last two years. A monumental mismanagement that has left the country and its economy prostrate.
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He should try get our money back from those thieves
ReplyDeleteAwesome. Keep up the good work.. ✏
ReplyDeleteDat is d president I voted for...
ReplyDeleteMay GOD continue to guide and protect him Amen.
ReplyDeleteMay Allah always be PMB guidance
ReplyDeleteAll d way
ReplyDeletewho cares...
ReplyDeleteIts show you are a pdp member nonsense.
DeleteI do not think people really understood this writing, our president said he met empty Treasury, but where has he gotten 414 billion from within 40 days?
ReplyDeleteit surprise me when he told the world that he inherited an empty treasury, now he is prophet that made 414billion in 40 days, were did he get the money? and what kind of magic did he perform to get such money, may be in another 40 days he is going to make trillion for the nation, and by the time he will leaving, the treasury will be filled with money. May God save us in this country
Deletefool! since he claimed he met an empty treasury, an he later saw that kind of money should he keep it to himself (pocket)?
DeleteGo and study Economics then you will understand
DeleteGod Touch Our Leader Mind
ReplyDeleteNO COMMENT YET
ReplyDeleteDo those asking where he got 414 billion naira in 40 days know how many millions of barrel Nigeria sell in a day and how many millions of dollars that amount to in per day.....multiply that by 40days and check if Nigeria has the capacity to make 414 billion Naira a day or not......The time of politicking is over, when we see a working regime or government..let us celebrate them......wait till they faulted then we all also come against the......as for now I think PMB is steering us in the right direction.
ReplyDeleteOur economy can produce more than that in 40 days if people at helms of affairs are sincere. I don't think some of us have an idea of FG's daily transactions. God will help him to be more sincere in his office. Nigeria will be great again. I BELIEVE!
ReplyDeleteWe Bless GOD for this change... may it be progressive & things turn better under PMB ! Amen
ReplyDeleteFor die hard haters & mischief makers. Not too late to hug transformer oh!