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Federal governement of Nigeria to levy private jets, mansions, luxury cars and other luxury items
x | December 18, 2014
While presenting a N4.46 trillion proposed budget for 2015, Nigeria's coordinating minister for the economy and minister of finance, Ngozi Okonjo-Iweala... (3) Comment



"The views and opinions expressed in these comment(s) or article(s) do not necessarily reflect the views or opinions of NGEX, its partners or its affiliates."
OMOTAYO, J. A.    Eldoret, KENYA    January 05, 2015
How can a total saving of N10.56 billions in a year support a debt service regime of N1.1 trillion a year? How can N10.56 billions a year be a substitute for a loss of $45 pbpd ($100 pbpd - previous price less $55 pbpd - current price) crude oil amounting to $5.7 billions (N939 billions approx) a day? Which School of Economics suggested that a 0.2% savings is a significant factor to boost a national economy like that of Nigeria? The Minister is a misfit and undeserving of the position she holds.

There are many areas in the economy that are mere leakages. An example is overseas trips. Last year, Nigeria sent 400 auditors to a world conference of auditors in Rome, Italy. The total delegates worldwide was just 1,600. Nigerian delegation should not have been more than 40 (1 person per state plus FCT and 3 from federal). Mr. Jonathan visited Kenya more than 4 times last year alone. How many such times was Mr. Kenyatta in Nigeria? And many more. Another is the fat allowances of Ministers, National Assembly members, etc which amount to looting of the treasury. Another area is government contracts which cost about two to four times of what they should be. And many more. If all these areas are looked into, over a trillion Naira will be saved. I leave the rest for the time being.
God save Nigeria.
Bishop    Harare, Zimbabwe    December 22, 2014
the idea is very good if there will be proper implementation and accountability. with the natural resources and human capital Nigeria has, citizens of this country should be proud and sufficient, but we tend to be a laughing stock and play second fiddle to even other smaller nations. God help us
James Udo Kalu    Port Harcourt, Nigeria    December 20, 2014
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