 Y Prif Weinidog, Ysbryddon, yn ymweld y cyfnod 22 bod yn cyfnod yw'r cyfnod yna'r sefyll yng ngyfnodol. Y Prif Weinidog yn y cyfnodol yn ymweld yw'r cyfnodol yn ymweld yw'r cyfnodol 16.3 trilyniad ar y gyrch. Y cyfnodol yn y cyfnodol yn y gyrch yn y gyrch yn yw'r cyfnodol 16.39 trilyniad ar y cyfnodol yw'r cyfnodol yn y cyfnodol 57 per barol ac yn ymweld y gyrch yn ymweld yw'r cyfnodol 1.88 miliwn barol. Y cyfnodol yn ymweld yw'r cyfnodol 410 naira. Y Prif Weinidog yn ymweld yw'r cyfnodol 13 trilyniad ar y cyfnodol 16.45 trilyniad ar y gyrch. Y Prif Weinidog yn ymweld yw'r cyfnodol 17.7 trilyniad ar y gyrch, ac y Prif Weinidog yn ymweld yw'r cyfnodol 5.012 trilyniad ar y gyrch yn ymweld yr ydyn nhw yn 2022, ac yn ymweld y gyrch yn ymweld y cyfnodol 19 trilyniad ar y cyfnodol. Rwy'n credu i'r cyfnodol 19 trilyniad ar y gyrch yn ymweld 31 yma, ac yn ymweld y 33.11 trilyniad ar y gyrch. Rydw i'n meddwl ymddych, dwi'n meddwl i'r tyniad ymddir i'r gwy subway. Roedd ddod ddod yn credu'r gwybod yn meddwl i'r gwybod? Ddod lle yn ffrifolio Leolol i mi. Yn ni, fel ffyrdd, rydyn niweud bod rydyn nhw ymddych chi'n meddwl ar y sw sympathetic â'r gwaith ymddir i'r gweith. Mae hyn arno? Cyngorol? Tydnod i'r gwahanaeth o'r cefnod er mwynhau'r mawr. Roedd eich byddem yn cael eu cyraelol ar y bydfyrddol ar gyfer ganoddau Cymru. Yr unrhyw o'r cyntaf, roedd yn cael eu cymryd a'r dyfnodor â'r proj tamamol o'r llai:) ar y cyfrwyngol newydd a'r amilydd â'r cyfrwyngol. cyfaint o'r llwysig, gyda'n felly mae'n marrym hwn o'r llwysig, ac mae'n sgwp cyfeirio a'r bod yn llawer o'r preparedol. Oes gost oedd am y gallwn ymgyrch yn sylweddol o 80 doledd y bowl a'r benchmarkt yw cael y president yn ei ffordd ar yr ysgrif wedi'i gwneud y presidence, Yn mynd i'n ddiwedd yn yw'r ffordd. Erbyn'w ffordd, yw'n gweithio i gyd y projection sy'n cael eu ddechrau wedi'u ddechrau yng Nghymru, mae'n gweithio i ddarparu 400 oed? Mae'n ddylch i'n ddechrau y projection. Mae'n ddysgu i ddysgu o'r ddysgu, mae'n ddysgu i ddysgu i ddysgu i ddysgu. Mae'n ddysgu i ddysgu i ddysgu i ddysgu i ddysgu i ddysgu i ddysgu i ddysgu i ddysgu. gyda'r oencia i gyda iawn ac mae'n gwneud a'r oeddio'n gwneud y brifyddial hwn yn eich gofyn o'i enfynol, ac mae'r oedd yn cyf themefaint o'i bwysig yma, a mae'n gwneud i'r lefion am yr oes, mae'n gorau'i bwysig sylfa, ac mae'n gwneud a'r oedd i'n wych, a'i gwneud i'n bwysig, ac mae'n gwneud i'n bwysig, a'u hwn i'n fawr i'r ac i'w ddweud yn y cyffredin iawn i'w gwneud i'w ddweud i'w gweithio gyda'r unrhyw ar y dyfnodolai'r ymlaen, sy'n gwneud i'w ddweud i'w ddweud i'w ddweud i'w ddweud i'w ddweud i'w ddweud i'w ddweud i'w ddweud. Dwi'n meddwl o'r byd yma yn y bryd yma, allam yn y ffysgol yma, sy'n gweithio i ni. Mae'r bydd o'r byd yn niwr i Nigeria yn gweithio. Erbyn, erbyn, y bydd yna y bwrdd yn sgweld, ychydig yn ei wneud, rwy'n sefydlu eich cyhoedd yn y gwaith cymryd, y bwrdd yn ei wneud, ac ychydig yn bwrdd yn bwysig y bwysig, ychydig yn bwysig y biwydig ar y gallon o'r ffysgol y mhwy. Yn y gwrdd, mae'n gofio bwysig ar gyfer y cyhoedd yn bwysig, mae'n gweithio'r ystafell, ond mae'r ddiwedd, sydd yn ddiwedd i'r felly yn ni wedi'i gweinio ar gyfer y llyffodol a'r glennol, fel y Llywodraeth wedi'i ch gwblion mwylo, yn ddiwedd o'r llyffodol a'r cwrs, yn cyfnod o'r dynnymu cyllid, yn cyflwyno o'r oedol. Ond yn y dyfodol yng Nghymru yna fod yr Aelodau, yng Nghymru yn y llwyddyntau o'r gwble hyffordd o'r gwbl yw'r rhaid, nid i adnodd yn cyfnodi ar hyn yn tybl ynddo. Y mae arno'r tawaith ar gyfer Gweinidgo'r Gweinidgo yw'r rhaid, ond bydd ydych yn meddwl am gynnwys Price yn y ffordd, mewn fathau hefyd wedi fathiau ziwethaf i dynnu'r gweithio'r Cyfrwyng, rydych chi'n gwybod efo'r gweithio ar 10 ysgol, fyddordeb yn byw yn gwneud hynny. Let's look at the percentage of capital expenditure. It's been put at 33%. Is this really good enough from an economist's perspective? Well, technically, from where we've been coming from in fact administration, we've been to some of the improvements on the share of capital expenditure. But the way it looks right now, when you look at it from an implementation side, implementation of capital expenditure, movement time has dropped significantly. So we need to do more around ensuring that that gets to something plus percent, must be executed to the fullest. So right now, we have a decision where we have about 80% success in the total expenditure, as against such 5% that that rate of success in capital expenditure. So we need to do more in ensuring that we fully maximise capital expenditure. The conversation around increasing capital expenditure is more around the overall structure of the Nigerian budget. So you have about lacking budgetary items. So some items are actually recurring, but they are still considered as capital. Some items are capital, but they are considered as recurring. So people that are budgetary design needs to go through and overhaul it in a sense. But that's the conversation for another day, right? Being the fact that capital spread is improving, the focus more should be around executing and implementing as high as the current expenditure in the first place. Now, the total federally collectible revenue for 2022 is estimated at 17.7 trillion nair. Now, according to President Bohari, I suppose this includes projected value added tax. I mean, what could go wrong if the state wins this battle of VAT? You know that that's also a matter on the ground. What else could go wrong? The VAT battle is part of government finance revenue speech. But that would mean that VAT would not be collected at the centre and longer. And the government would find intelligent ways to work around revenue, finance and all that. Secondly, the reason why a finance VAT collection is that... So which would mean that that would be part of the challenge of VAT. That would be the part that would take from that argument. Or from that price aspect. But if state wins that battle, if state wins that battle, that would really have parameters for VAT. So it's going to include budget. And then on the flip side, and power switch budget finance will be the same. So it's a give or take win or lose situation. Let's talk deficit. 6.26 trillion nair. That's huge. Now, how much of a problem could this be? In terms of budget deficit? Yes. Okay, so technically budget deficit is not bad. And for any nation that is developing, would you expect more or widen the deficit with gaps in the plans? Because technically they were important for that developing phase. But if you look at the structure of the budget, now come on the current end at the capital end. So it defeats the rationale, my ideology around why it should go higher and increases the deficit. Beginning that the technically financing with current expenditure, with that increased budget expenditure over the years. But so to say that budget deficit is not bad. What's most important now is what we just managed for. So it's necessary that government can cut down this and sit fully into the best capital expenditure to at least 75-80%. And I have a group of reference expenditure. So that should be the focus. Because something cannot be changed at least in the short term. Because these are structural issues. And these are conversations on the deficit financing that you need to get and all of that. So deficit is not bad. It's worth that this is a channel thing too. That they're also worried and uncomfortable about being on the economy. Why don't they be the long term? We need to ensure that the deficit financing is not correct into the investment slash capital position of the budget. Not the requirements. That's going to make sense to me. Let's talk about the projected GDP growth. The growth rate of 4.2%. How realistic is this again? Ben said the 2022 budget would be the first in our history where MDAs were clearly advised on gender responsive budgeting. So what are your thoughts on this? On the MDA's engagement budget. Yes. So for me to a large extent one of the major legacies for budget allocation and engagement and here as a fiscal tool is the fact that MDAs lack the capacity all right as a concrete right through which all needs would be spent into critical areas of the economy, the country, and growth and development and all that. So the MDAs themselves have growing capacity and in terms of our country data and transparency in spending problems on and ensuring that problems protect our property but it's very capital project. So to a large extent we lose a lot of the implementation efforts at the MDAs level. So a lot of holding the MDAs is more accountable is necessary to see and improve implementation for the MDAs project. And that's why we expect the House of Representatives to see how we step up the game to ensure that MDAs are delivered. All right. A lot of times people see that the team is at the test link. A lot of people think that this is at the test link where you have a request. So in this context of budgetary administration and friendly MDAs are said to be the request link. So on to MDAs I have more responsibility. A part of the amount of the shag I increase over time all right on all of that, is what necessary to improve implementation of the project over a period of time. So we need more work at the MDA level, at the MDA level to deliver. Finally, because I'm going to let you go now, many Nigerians have expressed worry after the borrowing to fund the budget and the threshold where we already are in terms of our budget, sorry, our debt. And let's not also forget that we're still servicing these debts and we're still taking these loans, even though the finance minister has said that, well, I mean, we're still within reason. It's not above board in any way. What are your thoughts quickly? So first of all, it's very important to note that it's increasing with the way Niger is going to extend more all right for the necessary investment to take on. So that would mean that this financing would be at the top of this conversation. So they are not necessarily bad debt, they are also not necessarily bad. Even if the cost of birth country have higher debt pressures than Nigeria. All right, if you want this money to be used for at the end of the day, that's what's up. It needs to do more in terms of being more responsible around capital expenditure particularly. But those are the areas through which investments can come back into the economy for us to be able to communicate with debt, all right, and to build growth and development in long term. So in view of that, the government has to communicate with citizens with certainty that this is why these companies are being all so stupid that are at a new price to also put up a position where we need some target heads with financing. So take for instance, transport infrastructure, all right, more in the big world and higher to keep infrastructure projects that get bigger along the lines. So another thing that don't certainly need to change, is that we need to do something stupid around government financing. So we need to have more complicated decisions and improve some level of citizen participation in the process, all right, so that's when it's going to life. And the next thing is that I know that when Nigeria is in so much trouble place and there are a lot of investments around the recovery standard that are also going on now. Mm. Gospel Bailey is an economist then that we're so glad to have you join us to break this down for us, we appreciate it. Thank you for having me. All right, well thank you all for staying with us. We'll take a short break now and hear what Nigerians have to say about the declaration of a state of emergency in Anambra and when we come back I will give you my take. I think it's very important at the moment if that is going to bring come lessons to the environment so it's quite okay and it's important for now. At this time when Anambra is going into an election and I think it's the right time for them to declare a state of emergency because that may spell another people may interpret it into a different thing maybe political and all of those things. I think so because I feel people's life is much more better and much more relevant than the election. Of course if you're vying for a position you need to lead people and if the life of your citizen is at risk I mean it's proper to declare a state of emergency tackle the insecurity first then there about maybe the election can come in thereafter. Based on what is happening all over the country we don't know where the issue can come up next. Now politicians see opportunities to create more chaos during the election. So if the government can create a state of emergency now it will cop down the politicians agendas of violence. So later they can come to a dialogue with the government to say okay maybe we have a kind of agreement not to do this, not to do that so that the government can approve the election to go on and cancel the state of emergency. Horrible gruesome things are happening there in the east we keep reading them in the papers of course I'm not in the east this is Lagos there comes a time when drastic measures needs to be taken so I feel that's a drastic measure that may have to be taken just to stop the bloodshed. Here's my take for a country that's governed by a constitution and a body of rules that must be followed it's astonishing that declarations and statements on sensitive issues of national security is being made by people who are not even empowered by the constitution to do so let alone even insinuated. So what does that really say of our leadership and the grasp that it has on the happenings within the country again why is the state of emergency being considered in only one area? How about we see the same energy and strict body language in other regions where innocent lines are lost on a daily basis with terrorists who seem to have somewhat spread their tentacles and they seem to be in charge in those areas? Does this not smack of double standards or maybe even vested interest? How do we intend to blur these obvious lines of ethnicity and religion if the skills are tipped in favour of some and not the others? We need balance and fairness in order to reel out the peace that we desire for our country and the first step if you ask me is unbiased leadership by example. So let's stop the bickering and do what needs to be done and this goes to all whether you're a leader, a stakeholder, a follower stop stoking the fire enough is enough. I'm Mary Anna Cohn thank you for watching.