“Why It Is Hard To Believe 3.4 Trillion Naira Was Truly Recovered” – Caleboha

By Caleboha….

If 3.4 trillion naira has been recovered these things shouldnt happen;

1. Sharp decline in monthly federal allocation to states. Most states are walking very tight ropes. Unable to pay salaries. I am presently owed 5 months salary. Last month only a meagre 281 billion naira was shared. Throughout the last regime, it never fell below 340 billion

2. Rising spate of unemployment. Most federal and state parastatals confess they are truely under staffed but cannot employ due to lack of funds. Blaming lack of funds for inability to function is the new norm

3. Businesses are daily being crippled as the economy suffers from lack of sufficient activity in the small and medium scale sectors; drivers of the economy. Without cash for capital, this segment of the economy goes weak.

4. Desperate moves to obtain loans from the world bank and China. This should clearly be uncalled for

5. Hundreds of projects have been halted and hardly any commisioned in the last one year. All the contractors allude that the government is falling short of the terms of the contract.

6. Move to increase taxes on all levels without commensurate improvement on the execution government’s social responsibility to its citizens
Feel free to add yours. Just facts, no abuse
Buhari must realise that freezing the whole system and trying to control everything will make him ultimately fail.

Saving up cash or funds is the crudest means of wealth creation. If that is Buhari’s plan or idea its a shame! Of what use is 3.4 Trillion if Industrialisation is at a halt, capital projects stalled, standard of living on the decline, Salaries and lawful entitlements of citizens unpaid.