Buhari vows to cut Nigeria’s recurrent expenditure

Muhammadu Buhari talking
President Muhammadu Buhari

The President-elect, Muhammadu Buhari, has said that his administration will give priority to capital expenditure in national budgets to ensure the speedy development of the country.

Mr. Buhari stated this on Saturday in Daura, Katsina State, while fielding questions from newsmen.

“Over 90 per cent of Nigerian budget is on recurrent expenditure. There must be much money available for capital expenditure to provide more infrastructure in our industries that will attract investments and develop the country,” Mr. Buhari said.

He said that was because of the relevance infrastructure had in the development of a country.

Mr. Buhari said this would assist Nigeria to realise its dream of becoming one of the world’s developed economies.

He said infrastructure development will also create job opportunities for the teeming unemployed youth in the country.

The president-elect also assured Nigerians that his government would do more to revive the education system in the country.
“Our education system has virtually collapsed, Nigerians voted APC.

“We are going to do something on education because improving educational system will solve much of our problems,’’ he said.

He also said he will appoint knowledgeable and experienced technocrats to study handing over notes by ministers and make recommendations.

(NAN)


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  • burning spear

    Buhari should wait until he is sworn in–as president-elect—he should stop talking as if he is an economist—–a man who could not even pass maths–is now doing calculus for us-

    • PureNigerian

      You need to reshape your life dud.

    • TrueNja

      Loser, stop hallucinating before is too late.

    • GOODBYEtoBADLUCK

      You want Buhari to end up like Jonah, trying to do in 6weeks what he could no do in 6yrs? Of what significance is GEJ’s Ph.d to his wasteful administration?

      • A. Aminu

        Viva APC!

    • igwe

      mm,…,

    • A. Aminu

      You don’t have to be an economist to know that GEJ mis-managed our economy, is clueless, stole so much that our currency is not worth the paper it is printed.

    • taewo

      You should have presented a bill to the national assembly to the effect that presidential aspirants should be economists.

    • FISH

      Na correct mumu u b..U said he has no certificate n u said he failed math. Which 1 are we gonna take? For some1 to fail means he wrote d exams n has certificate. Donkey!

  • Ayelala

    Thank God we have a president who understands how the economy works once again.

    • abodes_124

      Excuse me?

  • Interrogator

    BUT WHICH IS EASIER TO SAY: HERE IS MY WASC CERTIFICATE OF 1961,
    OR, I WILL CUT NIGERIA’S EXPENDITURE BY SO MUCH IN SO LITTLE TIME?
    RATHER THAN PUT THE CART BEFORE THE HORSE IN A FUTILE EFFORT:

    • Olaniyan Issiaka Mikaila

      You need to update yourself Bro. Buhari is the president elect and he will be sworn in on May 29. You can ask the army chiefs if they have found the certificate of Buhari or not and if you are not satisfied, you can still file a suit in court

    • taewo

      Why don’t you simply go on exile if you are still not happy with the popular decision of Nigerians to elect Buhari as their president, with or without certificate? Staying around while continuing to agonise over Jonathan’s loss is potentially damaging to your health.

  • TrueNja

    A visionary leader. Sai baba Buhari, the Mandela of Nigeria!

  • burning spear

    BUHARI A VISIONARY LEADER WHO COULD NOT EVEN PRESENT HIS CERTITIFCATE TO INEC

    • Olaniyan Issiaka Mikaila

      There is no certificate problem. The Certificate of is with the highly corrupt and and politicised nigerian army chiefs. If you don’t know 2 days after Buhari beat Jonathan in the presidential poll, the Nigerian army announced that it has finally found the famous certificate. Don’t bother yourself with this problem because obviously, you don’t know much about the Goodluck Jonathan les goernement

      • the don

        what is wrong with the certificate been with buhari, is your own certificate with your employer , you must hold your original or even photo copy of your certificate. another thing is why did buhari over throw shagari? you we all know that the worst democracy is better than the best dictatorship. buhari is not clean my friend.

        • Deji

          Well said…Naijas are in for a shocker from these people who do not know their left from their right.

    • Umar

      where were u when the Nigerian Army said Buhari certificate has been discovered. it was all setup by GEJ to disqualify a Major general in Army and a former president from what has happen

  • burning spear

    Nigeria’s President Goodluck Jonathan has signed a bill which criminalises same-sex relationships despite pressure from Western governments.

    Reports say the bill was signed into law without fanfare to reduce diplomatic tensions it may likely attract.

    The bill, contains penalties of up to 14 years in prison and bans gay marriage, same-sex “amorous relationships” and membership of gay rights groups.

    It was passed by the national assembly last May but Jonathan had delayed signing it into law.

    • A. Aminu

      What relevance does this same sex marriage law has with the president-elect’s pronouncement of his intention to severely cut recurrent expenditure of Nigeria from current 90%?

      • Tanko

        Mallam Aminu, why does this issue bother you so much??
        Hope say you no be ‘dandaudu’ o?
        Choi!

  • Lanre

    Anyone old enough will remember Buhari and Idiagbon’s study groups -1984/85. The Technocrats like Mahmud Tukur came up with Trade by Barter; changing the Naira; essential commodities and the other useless policies that contracted the economy. I think Nigerians are created to suffer.

    • Olaniyan Issiaka Mikaila

      We have confidence in Buhari at least he will not steal and watch his ministers loot like Goodluck Jonathan and his ministers did

      • Abdullahi Abdulrazak

        You have confidence in a man who couldn’t come out clean on the issue of his certificate? Who could not simply produce a CTC of his WASC but hired a legion of SANs to shield him from doing the needful?
        Yet some of you say ‘we have gone beyond that stage’?
        LWKM!
        How do you build something on NOTHING?? A man who will lie when it is convenient will also do worse when the chips are down.
        I doubt if he will inspire the confidence of any honest person by that singular act.
        This is not a PDP/APC issue..the head of APC’S integrity is what is at stake here.

        • ilesanmi

          As long as the cases of perjury and forgery hang on Buhari’s neck I will not see Buhari as a president.

      • AMARA.C

        will not steal ,what do you known to be steal?if he takes salary bigger than obama salary he is stealing poor nigerians,what will be the job of corrupt tinubu ,amaechi etc,i think nigerians made wrong choice in buhari but 2019 is not far.

      • share Idea

        Someone that could not stop his handlers from forging WASC certificate for him will not stop anyone from stealing. The worst part is that he will feign ignorance of it just like he did to PTDF scandal and supposed London interview pictures that was actually done in Nigeria.

    • Naijalover

      Fellow Nigerians the man is telling you what needs to be done by all of us for the country to move forward and all of us have to pay our fair share,
      it cost more to build a terrible square meter of road in Nigeria than USA
      It cost more to fly from Lagos to London than from San Francisco to London
      It cost more for just DSTV in Nigerian than cable TV, Internet, plus home telephone in developed counties
      The Nigeria president makes more money than the president of the free world
      Our legislators fly business or first class while USA legislators are expected to take the cheapest fare
      ETC————— add your idea and let’s forward it to the president elect and see if he will act on it or not

      • Naijalover

        Please no ethnic base idea and be civil with you ideas

  • Buhari said he will appoint experienced technocrats to study handing over notes by ministers. You know what that means?

  • B.Messi

    How..HOW??
    LOL!!
    Can he cut down recurrent expenditure ‘MEANINGFULLY/DRASTICALLY’ Without massive downsizing??
    What would have been APC propagandists veiw on this if the PDP government had tried same?? Would their Vuvuzelas not have said Okonjo-Iweala was pursuing an IMF agenda to impoverish Naijas??
    I thot they always boasted about the trillions of naira that was being stolen in the oil sector?? Why not use this for Capital projects??
    My problem has always been the type of irresponsible opposition practised by APC, where even good policies of the PDP regime was painted black to deceive their gullible supporters.
    I pray for that country’s good these noisemakers succeed. But i foresee the propagandists being baffled and overwhelmed and wobbling stumbling and fumbling in the the next four years! What with shady characters like Saraki and Akume being touted as possible senate presidents??
    Lolz!!
    Easier said than done…Time will tell…

    • Ole

      You can cut recurrent expenditure without downsizing. By pruning the salaries of the Senate for instance , you can cut the expenditure of the legislature without anybody losing his job. Do you get it.

      • B.Messi

        That was why I Said ‘MEANINGFULLY/DRASTICALLY’ Sir!
        What will be ‘saved’ by cutting down the salaries and allowances of these overpaid fat-cats will NOT be sufficient to fund capital projects! Neither will any other cosmetic approach.
        Did you hear him? ABOUT 90% Goes into recurrent expenditure!!
        Talk is cheap bro..the day of reckoning is at hand.
        Yes, I believe the APC will inject some positive change. However, the pack of lies and propaganda they fed the gullible will soon collapse..like a pack of very poorly stacked cards!

      • share Idea

        What is the total budget allocation for NASS and what effect do you think that will do to recurrent expenditure. I said it before that governance is not always propaganda but requires careful planning and laying solid foundation which is what the current GEJ administration is doing with a lot human touch but been sabotaged.

      • kokoro dudu

        It is not even so difficult. Cut down the number of government hanger-ons, cut down ghost workers, make government workers work! downsize if there is a need to. reduce the number of MDAs – from over 500 to maybe 200 and below. Nigeria is a joke and we all know it

    • salisurabeh

      You do not know what recurrent expenditure is. Salaries and allowances of workers is not up to 25% of Jonathan’s re current expenditure. The rest is gobbled up by ostentatious spending to massage the ego of selfish politicians. Take for instance that our president has five aircrafts at his beck and call which government big boys use recklessly. Do you know how much it costs for their maintenance. Take the pool of expensive prado jeeps we buy for the same Government every year. At N15m each last year the Government reportedly bought three hundred. Take the hiring of jets by whimsical Government functionaries. We heard that NNPC spent N10bn last year on hiring jets.
      Bros, by the time all these are analysed and streamlined, Government will even employ more graduates

      • B.Messi

        “Salaries and allowances of workers is not up to 25% of Jonathan’s re current expenditure ”

        LoooooOOL!!!!!
        Bros, WHERE IN HEAVENS(OR HELLS) NAME DID YOU GET THAT FIGURE??
        THAT IS THE WORST LIE BY AN APC SUPPORTER THUS FAR!!
        LWKM!
        Yes a lot is being frittered on trivialities, BUT THE BULK GOES INTO SALARIES AND ALLOWANCES PUBLIC AND CIVIL SERVANTS!
        TRUTH OF THE MATTER IS OUR CIVIL SERVICE AND MDA’S HAVE AN OVER BLOATED WORKFORCE!!
        LET BUHARI GET IN..HE WILL SOON TELL YOU!

  • AMARA.C

    talk is cheap action is heard ,if you have this in mind and you allow this corrupt men fill your cabinet.2019 is not far

  • mike kilo

    BURARI SHOULD CUT HOUSE OF REP AND SENATE ALLOWANCES FIRST OF ALL. HOW CAN 1 HOUSE OF REP MEMBER RECEIVE OVER 60 MILLION NAIRA A YEAR.

  • mike kilo

    BUHARI SHOULD CUT HOUSE OF REP AND SENATE ALLOWANCES FIRST OF ALL. HOW
    CAN 1 HOUSE OF REP MEMBER RECEIVE OVER 60 MILLION NAIRA A YEAR.

  • irapada

    Jonathan has been K Led Nigerians have decided on Buhari. You are sour and bitter . In 4 years you will beg that APC should carry on in Jesus name. We endured your daft Jonathan for 5 years.

  • Tatafo

    Make person hear word for there! See mouth like recurrent expenditwuar. Nonsense!
    With an F9 in Basic Arithmetic, how is it possible to understand rudimentary micro macro economic theories? …Oh Continent Nigeria!!! Why have you plunged yourself into a reverse gear once again? Why? You don’t jump into a bottomless pit with eyes open!

    • citizenka

      Dear Tatafo

      I like your articulate and objective expression and comment, but biko what is it you dislike about this specific statement the man has made?

      Are you against reducing recurrent expenditure or you against what he wants to do with the savings?
      is it the development or the job creation bit of Buhari’s declaration you hate?

      • Tatafo

        I dislike everything. Just EVERYTHING……………………………as much as Jonathan was hated multiplied by 1,000,000,000. This is my Kilmanjaro of hatred. Is your curiousity satisfied?

        • umar

          you are myopic. you can go and die of hatred for no cause

  • ilesanmi

    Buhari should not be so hasty in making public statement he can not explain. This is not Military dictatorship where the C – in – C is a god and free to make reckless and senseless statements and actions without being questioned. Can this tyrant reconcile cutting of recurrent expenditure with his vow on job creation. Its like we have just enthroned another Sabo Barkin Zuwo in government.

  • Jide

    I hope he succeeds. However, there is no way to have a significant cut in recurrent expenditure without reducing salaries or downsizing the number of government employees. The bulk of recurrent expenditure include Salaries and Wages, Transport and Traveling, Printing and Stationery, etc. but over 70% of it is usually salaries. One more thing he may do is close some of useless para-statals created by OBJ and GEJ, in the name of job creation. More money can then go to Electricity, Roads, and Water. Cutting recurrent expenditure will have good results some years down the road, but will bite initially, so Nigerians should get ready for some austerity measures. He may also block the out-of-control transfer of money to overseas accounts, and any unqualified transfer will be prosecuted as money laundering. The immediate effect of that will be that Nigerians living overseas who are in the business of exporting used cars to Nigeria will have less incentive to do so, since they won’t be able to transfer the sales proceeds back. Therefore the used cars are going to become more expensive very soon. In a nutshell, there will be some hardship at the initial stages, to the point that some folks even in his own Hausa ethnic group will consider overthrowing him. I still wish him luck anyway, as he is clearly the best of the worst.

  • Goodnews

    What the government needs to do is broaden the revenue base. Any increment in revenue should be spent on infrastructure. Gradually, the ratio of capital expenditure will catch up with recurrent and later overtake.
    Reducing recurrent expenditure suddenly will cause a lot of shock in the system and may make government to lose goodwill of the public servants.
    This does not mean that loopholes in the economy should not be blocked.