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HOW WE INTEND FUNDING N6 TRILLION BUDGET  (PRESIDENT BUHARI)



President Muhammadu Buhari has given his assurance to  Nigerians that by blocking all leakages in revenue generation and eliminating waste, the country will generate enough revenue from internal sources to finance the N6 trillion budget he submitted to the National Assembly last week.




The president spoke in a special  interview and said: “As a government, we inherited N1.5 trillion domestic debt and when foreign debt is added, we have about N2.2 trillion. Everybody knows Nigeria is not a poor country, we are rich, and we have human resources. The problem was that the leadership did not take seriously, curbing corrupt tendencies.

“Apart from highlighting our debt profile, we have also shown the changes we have made in the Customs Service. For instance, how much we are making from the Customs Service, how much from petroleum, that is NNPC; how much we are making from the ports.
“There have been lots of leakages in these sectors. If we block these leakages, we would make much more money to run the country despite the fall in the price of oil.”

The president said he believed that once those who are at the helms of affairs in revenue generating institutions shun corruption those working under them would follow suit, because they wouldn't see any need to continue in corruption .

He also said: “It is generally believed that a fish begins to rot from the head; once the head is rotten, the whole body is also rotten. We have tried to remove all the heads of the organisations, and most of the lieutenants have been changed.

“A lot is happening in this government that people do not appear to understand; many permanent secretaries of ministries have been changed; we used to have 42 ministers, now we have 36 because the constitution requires that each state of the federation must have a minister. Also, we used to have 42 ministries, now we have 24.”

He explained that his budget was premised on the need to restore peace, build infrastructure and create jobs.

He said: “Remember during the campaigns, we said Nigeria is facing three things and nobody disputed that assertion. Firstly, there was widespread insecurity – a war in the north-east, while the country’s oil was being stolen at random in the south; secondly, there is massive unemployment, 62 per cent of the nation’s population are youths from the age of 35 years downward and most of them are unemployed, including those who went to school and those who did not, that is a serious problem.

“Therefore, it is necessary to restore peace and create employment. That is why we are returning to agriculture and mineral resources.
“Thirdly, bribery and corruption was basically suffocating the country. If we don’t kill these monsters, this country would go down. That is why those who stole monies meant for arms procurement and shared it among themselves are being arrested and are being shown documents so that they would be asked to refund the money or face prosecution.

“We would use those documents to prove what they stole, collect all the assets acquired from the proceeds and then jail them.”
On his plan to pay poor and vulnerable Nigerians N5,000 monthly, the president admitted that it might not be possible for everyone eligible for the stipend to get it.

However, he said the federal government would be in synergy with the states and local governments to implement it.

According to him, at the local government level, almost everyone knows one another, because of the uniqueness and oneness at that level of government.

“It would be easy to identify those to give who would go into trading and how to get it back. It would be like a cooperative and we all know how it operates.

“Also, state governments would identify those who have the capacity to employ more people and all we need to do is to empower them. Our people already know how to go about implementing these modalities to create employment for the citizens,” he added.