bushdoc9919:


Well, it ain't all his fault....but he should have done the following.

1.Removed the fuel subsidy, and invested the savings principally in improving power generation and technical education.

2.Provided loans with generous interest rates to large scale farmers in Nigeria...because if you want to be big agric exporter...you need LOTS OF large scale farms.

3.Increased university fees, privatized the universities....and then used the saved money for primary and secondary education.

4.Make LGA grants dependent on executed projects. You don't meet the goal....get your funding cut off by some percentage points.

5.Ended corruption....let's be serious. PDP has not fought corruption with all seriousness.

That's just some of what he should have done. We did vote him to solve our problems...so telling long tales about how it is not his fault.....abi when you are sick....you go to a doctor to get well....not to hear how your illness is not his fault.

blacknp:
Absolute Jargon,what are you trying to say.Keep it simple jona has made more money from oil than OBJ did during his tenure go check the oil receipts,You say you are a retail investor?i'm sure you work for falomo shopping center or at best mega plaza big mumudey

DeCritique:
If the economy is like this with a PHD holder, I wonder how it would fare under the nose of an illiterate APC and Fulani tribalist. Therefore, half bread they say is better than none... Equally, a bird in hand is worth more than two more in the bush so I'll rather keep my votes with GEJ!!


#GEJ till Buhari proves he went through nursery education!!

Youngzedd:


Talk is cheap.

Industrialization without power, as if Nigeria generate upto 3,000 MW currently.


Bro, GEJ don finish us.

ogbonoeba:


Now that crude oil has fallen, what will we do in the meantime?

major466:

Have you forgetting those days when Rotimi Ameachi and co through the Gov forum trades words with the Finance Minister day and night over the Excess Crude oil Account? While Ngozi was in support for more savings of Excess money through the Sovereign Wealth Fund to safeguard Nigeria's economic future, the governors were busy calling for the outright cancellation of the initiative. Isn't it an irony? that as the Nation face severe economic challenges and fall in revenue via falling international oil price, you accuse the Finance Minister for mis managing the Excess Crude Account? The same woman that stood hook and nail in defense of Savings of Excess Crude oil funds for the rainy day and also predicted a future economic crisis in 2012?!
If someone need to be blame, that blame should be directed to the governors forum spearheaded by Rotimi Ameachi. As a matter fact, this is one of the major reasons why the governors forum broke up into two factions.
Take a look at the link below for more details.
As far as am concerned Ngozi Okonjo Iweala is one of the most intelligent individuals that this country has ever produce.
http://www.vanguardngr.com/2012/04/okonjo-iweala-raises-alarm-over-depleting-excess-crude-account/

ChinemeOkpan:
Nigerians need to vote for change

This irresponsible government is going to bankrupt and balkanize Nigeria

We need change

Sai Buhari

blacknp:
Why has she not been nominated or won The Sveriges Riksbank Prize in economics if she too know book. K Street washington based Harvard trained stooge of the world bank no be this same woman wan run go back world bank when the president of world bank job became vacant?patriot my as$.

major466:

Don't forget that Ngozi Okonjo was the one responsible (through her position in the world Bank) for the cancelation of part of Nigeria's external (From about $32 billion dollars to $9 billion dollars) debt during OBJ's Administration. If not for her, Nigeria's economy would have collapsed long ago.

989900:


No. We owed $36b paid 18, pardoned 18.

donnaira:

u should know now all this projects that the say its sure-p &co sponsored is false because the supsidy is still there which means the cabals are still present which means the government don't know how this money disappears so the take money from excess crude account pretend it is missing and everybody keeps mute & wonder

bushdoc9919:


If you had stopped there...I would have clapped for you. All states must wake up and develop oil free economies. Kaduna can use the maize it produces for a strong agro-chemicals, and other products industries....with research. And Enugu can use its palm oil for the same purpose(not just for cooking oil....we are tired of that, in a way!).

True federailsm....we are already federal. The problem is lazy state and LGA leaders.

We can do the above....without waiting for Abuja or for some conference. But you Nigerians want to chop oil money.

DeCritique:



You my friend talk like a reasonable gentleman! So I'll give you the honour of being the first person I'll follow on Nairaland... Kudos and keep it up!!

hahn:
That one small na. Vote GEJ and see what will happen. Na zillions go dey miss

manutdadex:
u read d whole tin so? Abi u no jst one understnd?

OkikiOluwa1:
Chineke!
This country is in dire need of a change

major466:

Don't forget that Ngozi Okonjo was majorly responsible (through her position in the world Bank) for the cancelation of part of Nigeria's external debt (From about $36 billion dollars to $18 billion dollars) during OBJ's Administration. If not for her, Nigeria's economy would have collapsed long ago.

Edited.

Billyonaire:
Excess Crude Account (ECA) is different from External Reserve Account (ERA).

The purpose of the Excess Crude Account is for deposits of funds in excess of the budgetory benchmark i.e when the price of crude oil is beyond the budget price. And the function of that Excess Crude Account funds is to cushion the effect of inflation and marginal fluctuation difference in the event of lower price of crude. This is the account that Rotimi Amaechi of APC has been fighting the Presidency to share the money to Governors.

Right now, we should be grateful to Ngozi Iweala for the wisdom to retain the funds, because it is the funds that's used to stabilize the naira, ordinarily, Naira is supposed to lose three-quarter (3/4) of its value, from say 160 to a dollar to 400 to a dollar due to the current fall in price of crude oil to 3/4 of its price. But na this Excess Crude funds that we are using to stabilize the naira in the FX market. We also touch this money to take buy military hardwares that were not budgeted for during the 2014 budget etc.


I supposed keep quiet but I have to inform the illiterate APC goons that we know their stock in trade. Their job is to shout out of ignorance.

ichidodo:
APC illiterates will mistake this as Nigeria's foreign reserve...

Billyonaire:
This is the new reality. The price of crude oil will not get up to $100 a barrel in a very long long time. US is not buying, infact they are amending their laws to authorize exports....We are in a long thing. This is the time for all politicians to cut their pay, especially the Legislators.

ogbonoeba:


I live in america, and trust me when I say American production of shale oil has many objectives.
1. Less reliance on the middle east for oil
2. Self sufficienCy
3. Technology innovation

Nigerians must demand how their leaders are going to deal with American crude oil exports.

Advertico:
guy na wow. Obj did nt pay any debt

UnknownT:
Just stick to celebrities thread especially any wizkid thread