We had this coming… RT @OoTheNigerian: E never start.pic.twitter.com/wkrtt2meOc
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We had this coming… RT @OoTheNigerian: E never start.pic.twitter.com/wkrtt2meOc
@gbengasesan @OoTheNigerian I cant be the only one confused about how this relates to the benchmark price of oil in Nigeria..
@OoTheNigerian @jeremyweate @gbengasesan The lower the benchmark, the more borrowing Nigeria has to do to meet current spending.
@je_mc2 @OoTheNigerian @gbengasesan But shouldn't budgets be cut alongside the lowering of the benchmark price?
@jeremyweate @OoTheNigerian @gbengasesan That is the proper thing to do. You probably want to hold off on that due to re-election though.
@je_mc2 @OoTheNigerian @gbengasesan So lowering the benchmark price is a meaningless exercise...
@jeremyweate @OoTheNigerian @gbengasesan Not really. It just tells how much you have to borrow to meet up. Number is climbing though.
@je_mc2 @OoTheNigerian @gbengasesan But if its not accompanied by cuts, its fiscally irresponsible.
@jeremyweate the money has already been "spent" in advance. So it has to come from somewhere. @je_mc2 @gbengasesan
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