barcanista:
He is somewhere wishing that it never makes fp

aguiyi:
All this rambling is geared towards foisting a coupist on this nation, it will not work. Sell us another candidate and we will listen to you but certainly not Buhari

The 2.8b that disappeared under his watch at NNPC is still fresh in our minds

The jailing of Ambrose Ali, Alex while putting his tribes man under house arrest is not forgotten yet

The callous comments he made during and after the 2011 elections that led to the death of many youths is still there to ponder over. The bastard is yet to apologies for those comments , he is yet to condemn those killings, he is yet to stop making inciting comments.

Am guessing you were less than 10 than 10 years in 1983 so you will believe anything they tell you .


How many threads have your camp opened only today just because of the demolition datolee put you guys through.

Ahmeduana:

REMEMBER THAT DURING OBASANJO AND YARADUA THERE WAS NO FUNCTIONAL RAILWAY SYSTEM, NO WORLD CLASS AIRPORT, AND THE FEDERAL UNIVERSITIES ARE FEW, NO MAKARANTA ALMAJIRI, AND ALL THE 35,000 KILOMETERS ROAD NETWORKS ARE DEATH TRAP, And all these are functioning right now though not fully but we are on the right track of achieving NIGERIA of our dream. AND YOU SHOULD KNOW THAT MORE MONEY,MORE PROBLEMS, MORE SOLUTIONS> OBASANJO CAME IN A DIFFERENT TIME YARADUA CAME IN AN INTERESTING TIME while jonathan is war time president all the money we should have used for infrastructure development purpose is been spent on in executing war on boko haram THIS IS MY QUESTION IS IT THE AMOUNT THE STATE GOVERNORS ARE COLLECTING AS MONTHLY ALLOCATION DURING OBASANJO AND YARADUA ERA IS IT THE SAME AMOUNT THEY ARE STILL COllECTING NOW? Left for the governor Nigeria will not be having anything call external reserve

dguyindcorner:


useless and fake facts

Ahmeduana:

REMEMBER THAT DURING OBASANJO AND YARADUA THERE WAS NO FUNCTIONAL RAILWAY SYSTEM, NO WORLD CLASS AIRPORT, AND THE FEDERAL UNIVERSITIES ARE FEW, NO MAKARANTA ALMAJIRI, AND ALL THE 35,000 KILOMETERS ROAD NETWORKS ARE DEATH TRAP, And all these are functioning right now though not fully but we are on the right track of achieving NIGERIA of our dream. AND YOU SHOULD KNOW THAT MORE MONEY,MORE PROBLEMS, MORE SOLUTIONS> OBASANJO CAME IN A DIFFERENT TIME YARADUA CAME IN AN INTERESTING TIME while jonathan is war time president all the money we should have used for infrastructure development purpose is been spent on in executing war on boko haram THIS IS MY QUESTION IS IT THE AMOUNT THE STATE GOVERNORS ARE COLLECTING AS MONTHLY ALLOCATION DURING OBASANJO AND YARADUA ERA IS IT THE SAME AMOUNT THEY ARE STILL COllECTING NOW? Left for the governor Nigeria will not be having anything call external reserve

barcanista:
Obj left a Reserve of $45 billion

GEJ not only borrowed but he went as far as depleting the reserve. It is like you have no clue

femolevsky:
What we fail to take jnto account through all of these is that we have had a relatively stable Macro Economy through all the crises of the world economy. The Foreign Reserve of any Nation fluctuates as a function of many things, one of which is the Exchange Rate. Whether there is a draw down on the reserve or not, it's value fluctuates as the exchange rate does. Now, the Foreign Reserve is domiciled with the CBN and not the Executive, PGEJ or any other president for that matter can't touch the reserve. What he can touch is the ECA and he can only do that with the support of FAAC which comprises of all the states and their FM/commissioners. So this argument really is pointless. Now you may be asking why the Naira is falling right now against the Dollar which is our official reserve currency and the answer is Oil Output and Pricing which is subject to OPEC and the US, the US because they are/were our largest buyers until Shale entered the picture. Now they have scaled down their Orders which is what Obama promised to do, to keep their economy away from the shocks of the Unstable Middle East and African countries.

In all of these, we have had a stable Macro Economic structure that has seen the largest ever influx of FDI and Investor confidence. But as the risk of being an oil dependent economy exacerbates, no thanks to Politicians and their utterances towards the elections and falling sales, the Naira falls as investors get shaky as seen on the NSE, so NOIweala has done a great job keeping our economy stable in the face of the most troubling times we have faced since the War, some say even more so, considering the Financial crisis and Shale's assistance to our biggest buyers.

If PGEJ had not partially removed the Subsidy, we would have suffered more, our dependence on the dollar and affinity for foreign made goods, including the BlackBerry I'm typing with, is what keeps us open to external shocks. Until we can wriggle free, I'm afraid, we will continue to see our Reserve fluctuating.

It has nothing to do with GEJ. In fact, GEJ has shown more ingenuity than past leaders in that he has financed critical infrastructure using external funds directly tied to performance contracts which will ensure those projects are delivered and we are currently witnessing that. The largest infrastructural investments are taking place in Nigeria.

OrlandoOwoh:

I pity him and Altwireles, who said bringing this to front page would be digracing to you. I'm sure they now know that they are the ones that are disgraced. It will be silly for any person to still want Jonathan to come back. Less I forget, where is Bro. Nqwakwe?

ichidodo:
That's your negligible opinion,let front page people decide...

datolee:
Final remark, The whole argument of foreign debt is a non-issue. Thailand has more external reserve than UK, Brazil external reserve is equivalent to that of US and UK joined together. Nigeria is 45th in term of country with highest external reserve.

In terms of external debt, the likes of Ghana, Tanzania are owing more than Nigeria.. we are 89th in the world.

Argument should center on the development of this nation than stockpiling fund in reserve (except the ECA or SWF for infrastructure investment). Get the damn money out of wherever it is and use it for the development of this nation. Until then, Jonathan till Buhari stop contesting election in Nigeria.

barcanista:
Like seriously isn't this laughable? What is the value of the Naira despite the "spending" to resist devaluation? As at today the Naira is 160=Dollar and Soludo time it wasn't this high. I don't know how you reason but you are off it.

First, you were talking as if it was ONLY Jonathan that refused to DELIBERATELY devalue the Naira. They all did!!!

The others had enough in Reserve despite the Price of Oil and the then subsidy bills. WHile Jonathan depleted the account and still furthers d debt

Candyrain:
OBJ left a reserve of $45 billion, right? Maybe we should wait till GEJ leaves and then know what he'll leave. He'll leave 2015 if APC present a better candidate other than Buhari but if not then we'll have to wait till 2019. Thanks

nikpet2:
naira is 170 as at today bro.. and thank you for your effort.



#respect

femolevsky:


The Reserve is vital to ensure the Nation has enough to meet its external obligations, it gives investors confidence to know that the economy has enough to meet its obligations to them, without it, no one will do business with Nigeria, internally or externally. So it can't be drawn down and spent as you insinuated.

barcanista:
Thank you for the correction. I appreciate

barcanista:
3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

[url]http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf[/url]

Is it Gej that is incuring all these debts or are these debts or is the money being used for his testructural programs?
FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp
www.nairaland.com/attachments/1842363_2014foreignreserve_jpegb778234d0e84907de925a2b063c2355a


N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion
As at 2010, Oil Price was at $89 per barrel
As at 2011, It was $103 per barrel
As at Now it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003
Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show

Obiagelli:


Hahaha did you factor inflation and exchange rate?

barcanista:
I am a fool because I am taking my time to educate Nigerians? We all know who the fool is here