Nigeria’s Corruption Economics: Finance Officers Generating N2.4 Billion And Incur Running Expenses Of N2.46Billion
The Oasis Reporters
September 3, 2022
By Greg Abolo
@gregabolo
@Theoasisreporters
“How can a group generate a revenue base of 2.4 billion naira and incur expenditures of 2.46 billion without even paying salaries of their workers”?
No one ever sees the receipt of items that gulp the humongous monies.
I dey laff in “cEvil service” 😂😂😂
— Osaretin Victor Asemota (@asemota) September 2, 2022
They were generating revenue for their pockets. pic.twitter.com/awMUtWwb9p
Who takes care of about 60million naira deficit? One can study “Corruption Economics” in Nigeria and make first class because of the abundance of materials like fat cats and bloated bank accounts.
Clear abuse of the Fiscal Responsibility Act. The supervising minister,Perm Sec, Director of Finance should be questioned. Generate 100% and spend 102%. @toluogunlesi @MBuhari
— mmiri ne ezo oha (@chubby_jamal) September 2, 2022
Little wonder, Nigeria is highly underdeveloped in the area of Infrastructure. All the accruable funds leak into private pockets.
Peter Obi has pledged to curb corruption. He would have zero tolerance for it.
We will have zero tolerance for corruption. You can expect a sledgehammer approach.-PO#POinAtlanta
— Peter Obi (@PeterObi) September 3, 2022
Indeed, the funds to build Nigeria’s Power generation, supply and distribution up is available. If corruption is drastically curbed and finance leakages blocked, funds would definitely be available to move Nigeria from 4000MW to 20,000MW within five years. Nigeria can even do more.
There must be a reason why fat cat politicians spend millions of dollars to purchase political party nominations. They buy the delegates. Yet Nigeria continues to wallow in abject poverty, causing the citizenry to flee abroad as economic migrants.
Senator Shehu Sani adds his own humorous twist to the mix.
The first outing was Feeding School Children.When the budget was doubted,Deworming was https://t.co/qcR6nk2iYo is Deworming and https://t.co/GRNdITRKe8 may be toothpicking after feeding.
— Senator Shehu Sani (@ShehuSani) September 2, 2022
Nigeria needs resetting to make it work. Indeed, the monster behemoths remain corruption.
Greg Abolo
gregabolo@gmail.com
