Note that, Jonathan is also responsible for the Amalgamation of the Northern and Southern Protectorates to form Nigeria in 1914.

The federal government has said the depreciation of the naira is the “direct consequence of the incomprehensible mismanagement of the economy and the mindless looting of the national treasury” under former President Goodluck Jonathan.

On Friday, the naira exchanged at its worst in history — N260 to $1 — in the parallel market. The parallel rate is considered as the real market value of the national currency.

“If there was still any honour left among thieves, there is no way the leaders of a party under whose watch the nation’s economy suffered a monumental mismanagement and the central bank was turned to the ATM or piggy bank of a few people will have the temerity to insult a government that is working hard to turn things around or the citizens who are bearing the brunt of such mismanagement,” Lai Mohammed, Minister of Information and Culture, said in a statement yesterday.

According to The Cable, “It is now clear to all Nigerians that if the PDP had won the last general elections, Nigeria’s economy would not have survived one more month, considering the battering it received under the immediate past administration. It is therefore unconscionable that those who should show contrition and hunker down to avoid public opprobrium are the same ones pointing an accusing finger at the Buhari administration.”

According to Segun Adeyemi, special adviser to the minister, Mohammed described “the comments credited to Ike Ekweremadu, deputy senate president, that businesses might collapse in the next six months because the Buhari administration had mismanaged the economy, as the clearest indication yet that the PDP and its leaders were still in denial about the massive body blows they inflicted on the Nigerian economy.”

“Ekweremadu complained about the depreciation of the naira without telling Nigerians who ‘dollarised’ the Nigerian economy by bribing many individuals and groups with dollars during the last elections, thus inflicting a knock-out punch on the local currency. He also failed to tell Nigerians which government presided over the frenzied mop-up of dollars, either for ‘armsgate’ or for slush fund purposes, from the CBN to a point where it almost ran out of the hard currency.” Mohammed said “even though the Buhari administration met an economy that was in coma, it had refused to use that as an excuse for inaction, hence had been working hard on measures that would turn the economy around and greatly offer relief to Nigerians by lifting millions, not thousands, of people out of poverty through a massive social intervention policy.

“The outcome of the months of hard work will manifest soon in the 2016 national budget that will give succour to millions of Nigerians who are reeling from fallout of the solecism of the immediate past Administration that turned the country into a cash bazaar.”

The minister advised the leaders of the PDP and members of the immediate past administration who were involved in the emerging cases of looting binge “to urgently return, to government coffers, the funds they have squirreled out of the commonwealth”. “They are lucky that Nigerians are not as incautious as they are, otherwise they would not be able to walk around freely, not to talk of having the effrontery to fire darts at the government that inherited their rot or the people who are suffering the consequences,” Mohammed said. “They looted the billions of naira that were allocated for the fight against insurgency, causing many innocent and patriotic soldiers to die needlessly, yet they are not remorseful.

They looted the treasury to influence the last elections, doling out money as if it was going out of fashion, yet they continue to grandstand. “In the latest revelation, a minister under the immediate past dispensation admitted to sharing 600 million naira to six chairmen of the contact and mobilisation committee of the PDP for the last general elections, 300 million naira to an account given by a former PDP chairman, 200 million naira to a PDP governorship candidate and 100 million naira to a former PDP governor. This is just one case out of many, yet these revelations are but a tip of the iceberg of what Nigerians will hear in the days ahead.”

http://www.thisdaylive.com/articles/jonathan-caused-naira-depreciation-says-fg/227937/

we know oya fix this and stop trading blames

These people are taking Nigerians for granted.

true. then what is the way out

Jonathanohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

APC STILL IN CAMPAIGN MOOD. 7 MONTHS AFTER ELECTION NIGERIAN ECONOMY HAS BEEN DANCING REGGAE. APC ONLY ACHIEVEMENT IS BLAMING JONATHAN. EVEN BAYELSA ELECTION BLAME JONATHAN, FUEL SCARCITY BLAME JONATHAN, INCREASE UNEMPLOYMENT BLAME JONATHAN . I JUST PRAY APC IS ABLE TO FIX NIGERIA AS THEY PROMISE, BECAUSE 2019 WILL NOT BE FUNNY.

chai!!! if only we could turn back the hands of time. now my vote has gone to waste

this party has no idea how to govern a country. is this how they will play the blame game till somalia ranks higher than Nigerian economy?

and the blame game continues

APC still sees bubu as opposition candidate

APC government of confusion by confusion for confusion


When a government is confused on what to do, blame becomes its watchwords.


APC can't think outside the oil disease

Didn't use vase line this morning. Jonathan handwork. If I may ask? Is Jona the cause of Nigeria woes?

The exchange rate was above N250 to $1 as at May 29th 2015, so this story isn't strange. Only an ekpa would accuse the present administration for being responsible for the naira crash.

The present government is reponsible for fixing it though, but can the PDPians and jonathanians kindly shut up and leave the current government some time to try their luck.

I used to have one disorganized boss back in the days. Whenever he is asked to render his accountability, he will point at me, that he has one under performing subordinate.

Then i will floor him..

Buhari will still be blaming Jonathan if he remains on the seat by 2019. Smh.. Waste of space..

obailala:
The exchange rate was above N250 to $1 as at May 29th 2015, so this story isn't strange. Only an ekpa would accuse the present administration for being responsible for the naira crash.

The present government is reponsible for fixing it though, but can the PDPians and jonathanians kindly shut up and leave the current government some time to try their luck.

sometimes I feel so bad for this country especially with the thinking of our young ones. The exchange rate by may 29th at the parallel market was 1dollar against 210naira and since then our currency have had a free fall, yes Jonathan made mistakes but we can't still be living under that after 7months. Apc should simply device a means and stop looking for who to blame for their lack of a clear cut economic frame work. Simple

when will APC start telling us what they have achieved and not what Jonathan caused?

apccc

these stories are too much please..i wonder when FG will start to work, than still talking about a long gone administration.

darlingtonNYIG:
sometimes I feel so bad for this country especially with the thinking of our young ones. The exchange rate by may 29th at the parallel market was 1dollar against 210naira and since then our currency have had a free fall, yes Jonathan made mistakes but we can't still be living under that after 7months. Apc should simply device a means and stop looking for who to blame for their lack of a clear cut economic frame work. Simple

Stop saying what you dont know and still trying to sound smart at the same time. The exchange rate in the parallel market as at the time of handover reached up to N250. Afterwards the CBN had to implement the draconian forex restrictions which managed to drag the rate down to less than N220 in a space of about 3 weeks.

Unfortunately the CBN's forex restrictions and the refusal to give in to foreign pressure to devalue the naira began to force some foreign investors to pull their funds out of Nigeria; this in itself hasnt helped the naira and also, it appears the forex restrictions is no longer capable of holding back the freefall of the naira.

The nation has only one source of income, for the last 5 years at least, oil consistently sold at average of $100 per barrel, today it sells for $36/barrel. The nation has next to zero savings and yet the same PDP which couldnt diversify the economy in 16 years is accusing a 7 months old government of failing to have a clear cut economic framework that will automatically perform MIRACLES in the midst of shambles?

I find it rather irritating and outright foolish that the very same set of irresponsible rogues who led the nation into this very mess (and their supporters who urge them on), are the very ones lambasting the current administration for not cleaning up their entire shit in 7 months. And then when the current administration RESPONDS that the mess was actually created by PDP, you guys have the guts to wish away the past by asking apc to stop referring to the pdp?

How can you give a person rotten ingredients and then be the ones to complain that the person is unable to prepare fresh soup instantly?... and then when the person complains of your pressure, you ask the person to look forward and automatically forget that you were the one who supplied rotten ingredients in the first place?... what sort of folly is that?....

And then you come here to talk of the 'thinking' pattern of young Nigerians, have you for once taken a look at the mirror and analysed your own thinking pattern?.... Please can all you PDPians and Jonathanians kindly shut up and allow the new government to concentrate let's see what they have to offer us in due course.

The bulk passing blame games continues.

obailala:
Stop saying what you dont know and still trying to sound smart at the same time. The exchange rate in the parallel market as at the time of handover reached up to N250. Afterwards the CBN had to implement the draconian forex restrictions which managed to drag the rate down to less than N220 in a space of about 3 weeks.

Unfortunately the CBN's forex restrictions and the refusal to give in to foreign pressure to devalue the naira began to force some foreign investors to pull their funds out of Nigeria; this in itself hasnt helped the naira and also, it appears the forex restrictions is no longer capable of holding back the freefall of the naira.

The nation has only one source of income, for the last 5 years at least, oil consistently sold at average of $100 per barrel, today it sells for $36/barrel. The nation has next to zero savings and yet the same PDP which couldnt diversify the economy in 16 years is accusing a 7 months old government of failing to have a clear cut economic framework that will automatically perform MIRACLES in the midst of shambles?

I find it rather irritating and outright foolish that the very same set of irresponsible rogues who led the nation into this very mess (and their supporters who urge them on), are the very ones lambasting the current administration for not cleaning up their entire shit in 7 months. And then when the current administration RESPONDS that the mess was actually created by PDP, you guys have the guts to wish away the past by asking apc to stop referring to the pdp?

How can you give a person rotten ingredients and then be the ones to complain that the person is unable to prepare fresh soup instantly?... and then when the person complains of your pressure, you ask the person to look forward and automatically forget that you were the one who supplied rotten ingredients in the first place?... what sort of folly is that?....

And then you come here to talk of the 'thinking' pattern of young Nigerians, have you for once taken a look at the mirror and analysed your own thinking pattern?.... Please can all you PDPians and Jonathanians kindly shut up and allow the new government to concentrate let's see what they have to offer us in due course.

thank you jare,don't mind them,they want PMB to turn Nigeria into Dubai under 7months,when they fall ill with malaria parasite do you get well instantly? Or after a day or two.

Yea, Jonathan is responsible for Buhari's junketeering.
He is even responsible for the current fuel scarcity

We all know what that so called corrupt administration deed by Dollarising of the elites electorate (OBA's and other traditional rulers ) during the last election. Indeed that clueless administration is behind the misfortune of the Naira downward slide against the Dollar !!!

I want to thank EFCC for charging Dasuki for $57m in open court
He can now tell us what happened including the car gifts to GMB

Jonathan has killed me. My goods that left Lagos for Onitsha has stayed more than a week on the road.

Could not be delivered and the driver keeps telling me custom this and custom that.