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#AskAjuri Important #Thread On Nigeria's Current Debt Position:
I Am So Glad That Someone Asked Me This Question — Smart One!
DMO: Nigeria's Current Debt Stands At N25.7 Trillion Or $84.26BN.
Questions Arise: Are We At Risk? How Much Does Does Each Government Account For?
I Am So Glad That Someone Asked Me This Question — Smart One!
DMO: Nigeria's Current Debt Stands At N25.7 Trillion Or $84.26BN.
Questions Arise: Are We At Risk? How Much Does Does Each Government Account For?
Please Fact-Check Me, Patriots!
In 2010, Our National Debt Was: $35 Billion USD.
By 2014, Our National Debt Had Ballooned To $67.7 Billion USD.
That's $32 Billion Dollars Of Debt Added DURING AN OIL BOOM With High Revenues And No Commensurate Infrastructure/Investment..
In 2010, Our National Debt Was: $35 Billion USD.
By 2014, Our National Debt Had Ballooned To $67.7 Billion USD.
That's $32 Billion Dollars Of Debt Added DURING AN OIL BOOM With High Revenues And No Commensurate Infrastructure/Investment..
From 2014 To Date, Nigeria Has Added $18 Billion Dollars And That Leaves Us At The Current $84.2 Billion USD.
Far Less Money Added To The Debt At A Time Of Recession & Low Revenues And We Still Spent The Highest Capital Release On Infrastructure Around Nigeria In History.
Far Less Money Added To The Debt At A Time Of Recession & Low Revenues And We Still Spent The Highest Capital Release On Infrastructure Around Nigeria In History.
#AskAjuri Thread On Technology Transfer & Need For Foreign Partnerships:
Executive Order No. 3 By President @MBuhari Establish Local Patronage Monitoring Units Across MDAs To Measure The Extent To Which MDAs Are Complying With Local Content Quotas. Executive Order No. 5...
Executive Order No. 3 By President @MBuhari Establish Local Patronage Monitoring Units Across MDAs To Measure The Extent To Which MDAs Are Complying With Local Content Quotas. Executive Order No. 5...
Among Other Things, Guarantees The Primacy Of Nigerians In The Procurement Of Engineering & Science Contracting, Etc. For The Construction Of Anything, A Certain Percentage Of Materials Must Be Sourced Here. Only Of Unavailable Locally, Can A Contractor Import Such Goods. Also...
Those Quotas Apply To Staffing And Technology Transfer As Well. a Certain Quota Of Staff Are Required On All Projects, Not Just Labour But At The Engineering And Executive Management Levels As Well. Additionally, We Have Asked Our Chinese Partners To Build Institutes To Train
#AskAjuri Very Important Thread On New Job Creation Initiatives (2015-2019):
Thank You For This Question, Tony!
Let's Start With Job Creation: Aside From The Expansion Of Our N-Power Scheme From Our Current 500,000+ To One Million By 2023, Access To Capital Is Critical...
Thank You For This Question, Tony!
Let's Start With Job Creation: Aside From The Expansion Of Our N-Power Scheme From Our Current 500,000+ To One Million By 2023, Access To Capital Is Critical...
Which Is Why We Are Expanding All Of Our Programs & Adding New Ones. The GEEP Scheme (Tradermoni, Etc) Which Has Impacted Over 1.7m Petty Traders Is Now Being Expanded Into The "PeopleMoni Bank." This Bank Will Offer Larger Interest-Free Loans To 10 Million Nigerian SME Owners Of
Up To N1m. On An Escalating Credit Scale. Upon Faithful Repayment Of N50k, N100k, N250k, N500k, N1m Will Be Made Available. We Believe That This Large-Scale Investment In Our People Will Enable Them To Expand Their Operations & Hire More Nigerians. Multiply The Impact Off Of 10m.
#AskAjuri Thread On East-West Road Completion:
Very Important Question! Thank You.
The East-West Road Is One Of The Five Special Intervention Projects Of President @MBuhari Under The Presidential Infrastructure Development Fund (PIDF). Funds Paid To Contractors From Source.
Very Important Question! Thank You.
The East-West Road Is One Of The Five Special Intervention Projects Of President @MBuhari Under The Presidential Infrastructure Development Fund (PIDF). Funds Paid To Contractors From Source.
The East-West Road Was Recently Handed Over To The Handlers Of The PIDF From The Ministry Of N/Delta Affairs To Ensure Its Completion By 2023. FGN Has Already Approved N100BN For Sections 1—4 Of The Road While Section 5 Is Being Funded By A Counterpart Fund-Backed Chinese Loan
At The Rate Of $500m USD. All Told, Federal Government Interventions In The N/Delta Include The N120BN Bonny-Bodo Road Which Will Connect The Gas Hub Of Nigeria To The Mainland. Nigerians Have A Lot To Expect By 2023 And They Should Hold Us Accountable In These Efforts.
#AskAjuri On Health & Education Investment:
I Can Feel The Stress & Concern In Your Tweet. This Is What We Are Doing In Health & Education:
First, Education:
The Approved 2020-2022 MTEF Provides N272Bn For The TETFUND In The 2020 FY From The Education Tax Deduction.
I Can Feel The Stress & Concern In Your Tweet. This Is What We Are Doing In Health & Education:
First, Education:
The Approved 2020-2022 MTEF Provides N272Bn For The TETFUND In The 2020 FY From The Education Tax Deduction.
That Is For Universities. We Have Also Put Aside N50Bn For The Ministry Of Education Which Is Both Regulatory & Limited To Unity Schools And NOT Responsible For The Bulk Of Education Provision In Nigeria Which Is Public Primary & Secondary School That Is Constitutionally Mandated
To Sub-National Governments. Thus, We Must Understand That Federal Funds To These Areas Are Interventionist In Nature And Not The Primary Responsibility Of The Federal Government. Still, We Have Provided An Additional N111BN To UBEC For Support To States In Basic Education
