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Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee - Politics - Nairaland

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FG Owing IMO And Abia States 9.7trillion Naira ( Proceeds From 42 Oil Wells ). / Ex-minister Faults Buhari On Empty Treasury, Says Jonathan Left About $30bn / Jonathan Left N 7trillion Deficit , Says Joda (2) (3) (4)

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Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Clerverly: 8:33pm On Jun 21, 2015
Ahmed Joda, the grand old veteran bureaucrat who chaired the transition committee set up by President Muhammadu Buhari has spoken about the various challenges his committee faced in completing its assignment, principal of which was that the Jonathan administration withheld vital information about the state of Nigeria.

Joda cited the former administration’s initial figure that the budget deficit was N1.3 trillion only to discover that a deficit of N7trillion has been piled up. He also spoke about the regime’s report that Nigeria has the capacity to generate 12,000 megawatts of electricity, without disclosing that there was no gas to power the plants and that at the time of the handing over, the government was generating just 1,300 megawatts.

In the interview published today, he also spoke abut rampart corruption in all government departments in the country, where values have collapsed and everyone is doing what he likes.

“Nobody follows the rules anymore. You employ people anyhow and pay them anyhow and I think you in the media have a fair idea of what is going on and are surprised how bad things are. I often wondered, since the beginning of this exercise, if the PDP and president Jonathan had won the election what would have been the fate of Nigeria,” he said this in an interview with Daily Trust.

“It would have been more difficult for them to face the challenge because they had been telling people that everything was good; the roads are good. They were not talking about the absence of light in the house, but they were talking about the capacity to produce electricity is 12,000 megawatts out of which only 5,000 could be released.

“But even out of this 5,000 at the time they were doing the handing over notes only 1,300 megawatts were being generated, but they were talking about 35,000 kilometres of distribution lines and so on, but nobody told us the real problem – that there is no gas, or there is no capacity to transmit the electricity that could be generated; that even when it is delivered at the point of distribution the distribution system is so weak that it can’t take it.

“I personally didn’t know that until I got into this exercise. Now, if they came back, they couldn’t wake up in the morning and say we can’t pay salaries, we couldn’t do this or even pay contractors and might even not be able to pay pensions and gratuities or finance any of our operations. We were told at the beginning of the exercise that the government was in deficit of at least N1.3 trillion and by the end people were talking about N7 trillion; everything is in a state of collapse.

“The civil service is bloated and the military and police, if you are a Nigerian, you know what they have been facing for a long time; everywhere is in a mess and these things have to be fixed.”

http://www.pmnewsnigeria.com/2015/06/21/jonathan-left-n7trillion-deficit-says-joda/

http://www.dailytrust.com.ng/sunday/index.php/top-stories/21101-buhari-s-transition-committee-chairman-explodes-we-found-corruption-everywhere-joda

http://www.premiumtimesng.com/news/headlines/185471-jonathan-left-n7trillion-deficit-for-nigeria-buharis-transition-committee-chairman-joda.html?utm_source=&utm_medium=twitter

1 Like

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Clerverly: 8:33pm On Jun 21, 2015
To even think, this man, is Somebody's "Hero"....

9 Likes 1 Share

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Nobody: 8:35pm On Jun 21, 2015
Na today yansh dhe for back?

1 Like

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Rawani: 8:41pm On Jun 21, 2015
Just for context, N7 Trillion is seven thousand billion, far above the GDP of the Republic of Congo.

Jonathan was an unmitigated disaster that would have grounded Nigeria completely if he was not kicked out when he was. Its revelations like these that make every minute spent campaigning for PMB absolutely worth it.

4 Likes

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by STANPASQUAL(m): 8:41pm On Jun 21, 2015
..
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Clerverly: 8:47pm On Jun 21, 2015
Its evident from the transition report that GEJ was the MD/CEO of Nigeria Fraud Unlimited with Ngozi Okonjo Iweala as Chief Accountant &; Alex Badeh Chief Security Officer!

3 Likes 1 Share

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Sirniyeh(m): 8:49pm On Jun 21, 2015
My opinion is that Jonathan's administration should be probed

1 Like

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by bakila: 8:50pm On Jun 21, 2015
Unfortunate, an irresponsible transformation team with some many doctorate degrees have sunk us this low.
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Clerverly: 8:50pm On Jun 21, 2015
Nobody follows the rules anymore. You employ people anyhow and pay them anyhow and I think you in the media have a fair idea of what is going on and are surprised how bad things are. I often wondered, since the beginning of this exercise, if the PDP and president Jonathan had won the election what would have been the fate of Nigeria!
~ Ahmed Joda (Transition Chairman)

1 Like

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Clerverly: 8:52pm On Jun 21, 2015
lalasticlala, Seun, Ishilove, Obinoscopy!

I don't know why you guys dont want this Topic on the Front Page!

2 Likes

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by bakila: 8:53pm On Jun 21, 2015
OREMUSSANCTUS:
Na today yansh dhe for back?
this yansh dey vomit. Yuuck
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Clerverly: 8:55pm On Jun 21, 2015
Sirniyeh:
My opinion is that Jonathan's administration should be probed

And if found Guilty, He should be publicly executed using this Russia Made Nuclear Salbrata! Nonesense!

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by greggles: 9:02pm On Jun 21, 2015
Its a shame! Public money is used recklessly without regard or consideration for suffering Nigerians who can hardly afford basic needs

The only time politicians remember that there is no money is when it is to be used for public good and invested in development, like when it is to be used to provide social welfare, create jobs and empower businesses with loans

1 Like

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Giddyprance(m): 9:02pm On Jun 21, 2015
when he was promising heaven on earth, his dull brains didnt inform him dat his capacity to deliver,depends on available resources?....mtcheeew
Baba na beta one chance
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by evanscheck(m): 9:03pm On Jun 21, 2015
Now that we have change, pls let the transformation team do their job
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Elbubs(f): 9:17pm On Jun 21, 2015
I wonder what would have happened to this country if Jonah won.
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by dridowu: 9:24pm On Jun 21, 2015
Their hero left 7 trillion deficit , no wonder they misyarn anyhow the same way they spend the money.

Thank God we chase them away.


https://www.nairaland.com/2394945/what-girls-facebook-true-false
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Clerverly: 9:25pm On Jun 21, 2015
Elbubs:
I wonder what would have happened to this country if Jonah won.

In one word: Disaster!
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by talktimi(m): 9:36pm On Jun 21, 2015
7 trillion deficit and no international ratings agency picked it up, the IMF and world bank didn't raise any alarm and our sovereign debt reading didn't drop.

grin

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Clerverly: 9:43pm On Jun 21, 2015
talktimi:
7 trillion deficit and no international ratings agency picked it up, the IMF and world bank didn't raise any alarm and our sovereign debt reading didn't drop.
grin

IMF only picks what the FG wants them to "Pick" now there is a change of Government, everything is bare!

1 Like

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by myboy2010(m): 9:43pm On Jun 21, 2015
OK ..noted
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by OrlandoOwoh(m): 9:55pm On Jun 21, 2015
Jonathan wrecked Nigeria. Thank goodness for the reasonable Nigerians that kicked him on March 28.

God bless the President.

1 Like

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Trailblazer1(m): 9:57pm On Jun 21, 2015
talktimi:
7 trillion deficit and no international ratings agency picked it up, the IMF and world bank didn't raise any alarm and our sovereign debt reading didn't drop.

grin
Let me help you tell them what they really want to hear.


Ok
GEJ actually campaigned with 2trillion
He also left a debt deficit of 10trillion


And because of this ..........buhari failed undecided
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by deji68: 9:59pm On Jun 21, 2015
megawatts out of which only 5,000 could be released.
But even out of this 5,000MW at the time they were doing the handing over notes only 1,300 megawatts were being generated, but they were talking about 35,000 kilometres of distribution lines and so on, but nobody told us the real problem – that there is no gas, or there is no capacity to transmit the electricity that could be generated; that even when it is delivered at the point of distribution the distribution system is so weak that it can’t take it.

so Baba Joda have u been living on Mars ...The previous Government last year complained about Lack of gas and ability to wheel the 5000MW generated and Baba Joda is saying it is not included in the handover note..... .all this complain sef, campaign don finish ooo make una start work cool cool cool


As many of you know transmission infrastructure in this country is outdated and many of the equipment are poor shaped due to neglect of maintenance during the NEPA/PHCN era. The existing transmission network which is currently consists of 330 KV power lines are weak with high energy losses. Nigeria has one of the highest transmission losses in the world; this is partly because the average age of the transmission infrastructure. One of the jobs MHI has to do is to fix these issues in a timely fashion to allow for energy to be efficiently dispatched through the system to the distribution networks. Prof Nebo 28 okt 2014

http://nigeriapowerreform.org/index.php?option=com_content&view=article&id=1623:transmission-gas-supply-bane-of-nigeria-s-power-sector-nebo&catid=36:sector-news&Itemid=336

1 Like

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by talktimi(m): 10:22pm On Jun 21, 2015
Clerverly:


IMF only picks what the FG wants them to "Pick" now there is a change of Government, everything is bare!
oya clap for yourself

1 Like

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by talktimi(m): 10:26pm On Jun 21, 2015
Trailblazer1:

Let me help you tell them what they really want to hear.


Ok
GEJ actually campaigned with 2trillion
He also left a debt deficit of 10trillion


And because of this ..........buhari failed undecided
kwakwakwakwakwakwa grin these baboons are hilarious
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by deleib(m): 4:41am On Jun 22, 2015
Shuuuu!
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Firefire(m): 4:43am On Jun 22, 2015
Ok
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by IsraeliAIRFORCE: 6:20am On Jun 22, 2015
I only heard the word accumulated deficit exist from Jeda in a yearly budget when the total National debt is listed in Accounting

Did Nigeria pass five years budget?

Ever seen were deficit is above yearly budget?

When you borrow to fund the budget (previous), it is accounted as debt.

Our total national debt (States inclusive) is N12 trillion where amount owed by States is greater than the amount owed Federal Govt

This man must be the greatest joke of 21st century

Cc: Cleverly

2 Likes

Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by olasmith10(m): 6:24am On Jun 22, 2015
Thank God we v bn able to throw dem out, what we need now is d way foward..And by d special grace of God, we ll get der!!!
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by Pavore9: 6:29am On Jun 22, 2015
Nigeria will arise again if the right decisions are taken henceforth.
Re: Jonathan Left 7trillion Naira Deficit-Buhari Transition Committee by IsraeliAIRFORCE: 6:31am On Jun 22, 2015
talktimi:
oya clap for yourself


Blame morons who believe Nepa bill can serve in lieu of Cambridge WASC Certificate

The report is not worth discussing because it lacks every intellectual exercise.

Just a political masterpiece meant to kill the peoples expectations from Buhari, their "political god and magician"

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