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]

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

NgeneUkwenu:

alrahmanonline:
Barcanista, you're just an evil genius trying to manipulate the brain of your reader, Inside your sincere mind you know that Buhari is the best for this country, because of his doggedness and zero tolerance for corruption... Stop decieving people and say the truth as it is

Truth234:
The economy is not in the best shape but when you compared the state of Nigerian economy to similar nations, generating 90% of their foreign revenue from oil you will agree with me that Nigeria is not doing bad at all.

Currently, among such nations, Nigeria is the best in term of investment destination. When you look at emerging-economies, Nigeria is second after China, the 2nd largest economy in the world. Mind you, China has lost over $4 trillion this year, Brazil two years ago was most thriving emerging economy and currently relegated to junk by credit rating, same with Venezuela, Argentina, etc.

In Africa, South Africa is regard as business powerhouse, but this year alone South Africa has suffer from global financial slowdown and Rand lost around 30% against the US dollar, 2016 economic growth forecast was cut to 0.9% from 1.7%.

The same thing happen to Angola, even after devaluing her currency, Kwanza, slides 40%. Russia,

chubhiee:

Chief zombie. How's banning business today?

alrahmanonline:
[s]Barcanista, you're just an evil genius trying to manipulate the brain of your reader, Inside your sincere mind you know that Buhari is the best for this country, because of his doggedness and zero tolerance for corruption... Stop decieving people and say the truth as it is[/s]

tuniski:

Buhari is the worst thing that ever happened to nigeria since amalgamation!

Beremx:

alrahmanonline:

ok but how can someone who wrestled down the devil that embezzled our money and took out of lion's mouth be tagged worst? unless you're an enemy of progress and blindly support corruption that is when you can tag him worst.

EasternActivist:
Cock and bull story...
Now where does a sachet water cost #20 let alone #25.
With the intervention of Dr ifeanyi Ubah the dollar question has been checkmated.

Meanwhile this is a story of a sycophant that is confused in his own thought by not knowing which party he is affiliate to just to remain relevant in Nairaland politics..

Who takes a clown serious.

Am not a sai buhari chanter but believe this senseless and needless post at your own peril.

NgeneUkwenu:


[s]This is a very poor, cheap and lame attempt to warm yourself back to embrace of the IPOB Charlatans...

However, it is now very late, as majority of IPOB Youths are now tiring and weary from wailing, because they have realized, their folly attempt to bully Buhari was not working at all....hence their resort to throwing tantrums on threads here...

And For You TonyeBarcanista, Can You Swear In Your Innermost Heart That President Buhari Has Not Scored above 80% in the following areas..

1. Oil Sector

2. Foreign Relation

3. Accountability and Transparency In Government Finance.

4. Security...

5 Anti Corruption.

6. Independence Of Judiciary and The Legislature

7. Free and Fair Election..

8. Revenue Drive...

Meanwhile The Economy and Infrastructure Development which had been bastardized and stalled respectively by your Hero, who ran the most corrupt Government in the in the history of Nigeria, cannot be repaired with any magic wand, rather by deliberate and gradual implementation of polices and programmes (like diversification of the economy, power rejuvenation etc) which may take 2 or more years to be measured and appreciated..

What else do you want from Buhari?[/s]

TonyeBarcanista:
Virtually every Nigerian from Abia state to Zamfara state is complaining that are things moving from bad to worse in all sphere of the economy. The story is the same from the creeks of Bayelsa state to the deserts of Adamawa state, the rhetoric of mirage of change is growing loud from Ibadan the heart of Yorubaland to Sokoto, the seat of the caliphate. The messianic "government of Change" as promoted by the APC appears to have become a government of Blame and confusion.

While I sympathise with Nigerians, particularly those that sincerely believed, campaigned and stood for General(now President) Muhammadu Buhari during the electioneering period, it is in my opinion that the man, Muhammadu Buhari and his party, APC showed all the signs of unpreparedness for leadership and governance all through the electioneering and even after taking office in May 2015.

Buhari/APC Displyed Signg of Incompetence During Campaign
Firstly, a look at the APC candidate Muhammadu Buhari campaign promise basically are; Asset declaration for the President, his Vice, and his appointees; payment of N5,000 stipend to 25 million unemployed youths, elderly and disabled and free meal per day for pupils and students in public primary and secondary schools respectively; Empowerment of 740,000 graduates annually across the country, provision of 3million jobs per year etc; payment of one year post service benefit to passed out youth corps members(Corpers); Bringing back the kidnapped chibok school girls etc. The list is virtually endless and can be seen here
https://www.naij.com/473147-know-the-81-campaign-promises-of-president-buhari.html

The party presented Nigerians with a glimpse of eldorado even when it they were aware that they lack the capacity nor intellectual ability to fulfil even 10% of their promise. To mask their disability, they shielded General Buhari and Prof Osinbajo from every form of political debate. Instead, they resorted to prepared speech making in Chetham House, London(UK), and padi-padi town hall meeting where participants, who are their party sympathisers and paid agents would discuss pre-arranged questions. Participation in debate would have presented Nigeria electorates the opportunity to know "HOW they intend to achieve the utopia" when the oil price was falling like the walls of Jericho. They relegated debate that would have given Nigerians the benefit of separating campaign promises from the competence of the candidate Buhari. On March 28, 2015, fifteen million Nigerians fell for their "wish list" to thumb-print for the broom with the hope of Change.

...And Started Failing From The Day of Inauguration
After taking over office from predecessor Goodluck Jonathan, reality started dawning on Nigerians and Sai Buharists. Firstly, the adored General and the pious VP refused to publicly declare their assets. In fact, Presidential Spokesman Shehu Garba even told us to go get it from Code of Conduct Bureau. It took about three whole months before the President and his VP released a vague statement, calling it asset declaration. The funny twist is that almost NINE months of taking office, non of President Buhari's appointee has publicly declared their asset. This is in contrast to his campaign promise when he said public asset declaration will be a pre-condition for appointment.

Secondly, like an unprepared man, the President came on board and ran the show with civil servants for SIX months even when the economy was going on comatose. When asked, he echoed that cabinet ministers were noisemakers, and his fans re-echoed same sentiment. We reminded him that civil service is for policy implementation not policy-making but his supporters shouted us down. Today the controversial 2016 appropriation bill that has become a national embarrassment was majorly prepared by the civil servants that Buhari so much trust. In fact, ministers of government repeatedly denounced part of it. For face saving and in the spirit of "scapegoatism", the President fired the DG Budget Office instead of firing himself for allowing the DG Budget to work unsupervised. And by the way, we have a huge budget proposal of N6trillion for 2016, meanwhile more than 70% goes to recurrent expenditure and increased overhead in a period of economic decline. Oil price is pegged at $38 per barrel even when oil was selling under $35 per barrel as at when the budget was presented to the parliament. Where in the world does that happen?

The economy is spiralling downwards but the President in his wisdom is yet to inaugurate an Economic team to bring in immediate and long term solution. Instead, the government rely on "blame game", and prayer session in Medina, Saudi Arabia(when demons aren't responsible for the downturn).

In this our dear Nigeria, electricity has become a scarce commodity, Naira is trying to rival Zimbabwean dollar, price of commodities are shooting up, sachet water aka pure water is fast becoming a premium product selling at N20-N25 per sachet. Instead of job opportunities, thousands are losing their jobs. Very unfortunate. But what do you expect from a government and party that failed to thoroughly appreciate the challenges that we were facing as a country and pitch their promises based on reality? What do you expect from a party that made use of beautiful and colourful speeches and slogans to capture power without any defined plan on how to use power into meeting the needs of the masses? Can one give what he doesn't understand?

As for the growing numbers of disappointed Sai Buhari die-hards that allowed the love they have for the Daura born General to eclipse their sense of inquisition on what their idol is bringing to the table when/if elected, they should take heart because the deed has been done. I sympathise with Nigerians because they'll have to put up for at least three years. We in opposition shall continue to constructively criticise the government while we restructure our party in preparation for Aso Rock takeover in 2019(God sparing our lives).










May God Bless Us All and Bless Our Nigeria

mynd1:
Can some body tell me who dis guy is plss?

Progressive01:
Too damn emotional. Most of you guys are.

EasternActivist:


Emotion is part of human attribute, or is it now a privilege that I will exercise on human supervision??

Progressive01:
No one denies it is human to be emotional, that's why I said too damn....

Truth234:
The economy is not in the best shape but when you compared the state of Nigerian economy to similar nations, generating 90% of their foreign revenue from oil you will agree with me that Nigeria is not doing bad at all.

Currently, among such nations, Nigeria is the best in term of investment destination. When you look at emerging-economies, Nigeria is second after China, the 2nd largest economy in the world. Mind you, China has lost over $4 trillion this year, Brazil two years ago was most thriving emerging economy and currently relegated to junk by credit rating, same with Venezuela, Argentina, etc.

In Africa, South Africa is regarded as business powerhouse, but this year alone South Africa has suffered from global financial slowdown and Rand lost about 30% against the US dollar, 2016 economic growth forecast was cut to 0.9% from 1.7%.

The same thing happened to Angola, even after devaluing her currency, Kwanza, slides 40%. Russia, Kazakhstan, Turkey, Asia-Pacific (Malaysia, Singapore, Thailand, Indonesia, New Zealand, etc) are all suffering from global financial crisis but somehow Nigeria has been able to manage it better.

Please note that this situation is similar to what happened in 2008 (recession), with even lower oil prices but because of 2008 experience, financial institutions, Central banks, etc. are making adjustments to their monetary policies just like this administration is doing. Even at that, Abenomics developed by Abe, Japan Prime Minister has failed. So Nigeria situation is not unique.

This administration is not A Government Of Failure, Tears And Disappointment but of hope, determination and strength, even in the face of global pressure to devalue and succumb to IMF cabal, We stand and soon we will all ripe from this administration. Stay positive.

EasternActivist:


Don't be silly, last time i checked it wasn't a privilege that requires human supervision on how a human emotion is regulated...

Summary: learn how to mind your business importantly when you lack sensible substance.

Now run along

senatorbayor:
Can 15 million Nigerians be wrong?

This is just a reaction to your topic.
I was expecting a statistic of those you said were disappointed or is it based on your assumption or presumption like the link below

http://www.pmnewsnigeria.com/2015/09/01/pmb-100-days-what-nigerians-say-about-buharis-performance-on-security/

More so, I will love to know on which bases are you writing your articles (As an opposition or an analyst ) If you are doing this base on a social analyst and commentator, you are to juxtapose the past govt with this present govt performances using some basic indices and the available resources they all possessed during their reign

In all sincerity, what do you think would have been the state of the nation should GEJ had won. I have once read your article here where you supported the probe of Dasuki ) would GEJ had got the balls to initiate such probe even if it is a smokescreen?

Are we gonna be having such revelations as revealed by those who have openly stated that they actually collected money from Dasuki but never knew it was from arms deal?

More shocking revelations on Dasukigate | Post-Nigeria
http://www.post-nigeria.com/more-shocking-revelations-on-dasukigate/

#dasukigate: Chief Olu Falae Confesses He Got N100m, States Why ...
https://www.nairaland.com/2850789/dasukigate-chief-olu-falae-confesses



Now reacting to your article paragraph by paragraph .

If your claims were that Nigerians had been fooled to have voted for APC and PMB, then you have indirectly concluded that same people were tired of the many lies of previous govt hence the need to try another option.

So funny that you are crying more than the bereaved when those who supported this govt have decided to be patient with it for the next 4 years (being contract signed ) before they decide on next move (if need be). so funny that you did not vote for this govt ,though you chicken out at the die minute due to reasons known to you after you had earlier supported same party you are castigating now. its understandable. You will soon port as usual.

On the campaign promises, without holding brief. This will be used against them should they not fulfilled those that are achievable with the available resources . Nigerians are wiser and would be decisive on any govt that does not match its words with action.

on the asset declaration,

PMB, Osinbajo Make Assets Public | Nigerian News from ...
http://leadership.ng/news/458494/pmb-osinbajo-make-assets-public

Nigeria's President Muhammadu Buhari declares assets - BBC News
http://www.bbc.com/news/world-africa-34150508

The contrast was in respect of your principal

President Jonathan Insists, I wont Declare My assets... - Pointblank ...
http://pointblanknews.com/pbn/exclusive/president-jonathan-insists-i-wont-declare-my-assets/

Why I won't make my assets public - President Jonathan - Premium ...
http://www.premiumtimesng.com/news/5741-i_wont_declare_my_assets.html

on pegging of oil price @38

you will agree with me that a budget is a financial proposal/plan which does not imply actual. A budget is more of speculation , its only when its been approved by the NASS that it becomes an act or appropriation.

You need to understand the workings of budget and its passage. The executive have done its proposal,the NASS will then finalized based on present reality.

GEJ did present a budget with Dollar PB of 77.5 naira while the NASS pegged it at 65.

Despite Drop in Oil Price, FG Sets 2015 Budget Benchmark at $78 ...
http://www.thisdaylive.com/articles/despite-drop-in-oil-price-fg-sets-2015-budget-benchmark-at-78-bbl/19

As for the Economy , may be you need to be realistic and tell us the type of economy that was handed to this govt. By this, we can then conclude on who is reviving the economy or who destroyed the economy.

JPMorgan: Poor Economic Decision By Okonjo Iweala - Investors King
http://investorsking.com/jpmorgan-poor-economic-decision-by-okonjo-iweala

How Ngozi Okonjo-Iweala Is Grounding Nigeria's Economy - Naij.com
https://www.naij.com/401860-how-ngozi-okonjo-iweala-is-grounding-nigerias-economy.html

Of what use then was the group of economy team under the leadership of NOI despite her intimidating and challenging profiles and qualifications.
I am sure you will soon appreciate the team to be set up by these administration soon.

Lastly, I look forward to your party re-positioning itself cos their services is needed to provide alternative solutions and constructive criticism where applicable. we look forward to a quick fix of the internal wranglings especially the leadership credibility that has beclouded your party.

Personally, I am less concern cos I am expecting less from them. we the good people of Nigeria have taken the pain to act as check to this govt and equally appraise them as applicable.

Just as you are being patient with your party to get it right, we are equally patient with this govt to fix the damage done by your party.

God bless you

God bless our leaders
God Bless Nigerians

NB: Be more concern with the credibility of the leader of your party as it brings disrepute to our Nation as caption below

tuniski:

The govt has 3more years except u are imagining giving it today time Beyond 2019. Nobody is taking away the admin's time rather it is wasting its time and spreading hardship!
Chanji is a scam!

2019 is just too far! Never again will citizens be scammed by a mantra without Definition!

alrahmanonline:
Barcanista, you're just an evil genius trying to manipulate the brain of your reader, Inside your sincere mind you know that Buhari is the best for this country, because of his doggedness and zero tolerance for corruption... Stop decieving people and say the truth as it is

Progressive01:
Don't be foolish. Last time I also checked, everyone had a right to their opinion just like the op and he never asked you to evaluate the reason behind his.

Stop whining like a baby out of whose mouth mamma's tittiess had been withdrawn. Take the divergent opinion in your stride and move the fvck along.

Spitting all over the forum, chasing the Op,s shadow because he refused to do the Biafran thing with yall. Weep all you want, that isn't gonna make a dent on his mind, neither would it anyone else's.

Now, crawl along like the 5months old you are.

EasternActivist:


Lol. Now I see where this edoid is coming from...
You are pained Edo wasn't Biafra...?

I don't know when barcanista of nairaland is relevant with his selfish opinion than asari dakubo that we all know.

This is not all about Biafra because I don't care what he thinks, but politic affiliations.
The clown doesn't know where he belongs yesterday he is accusing Gej, today he is accusing Buhari.
Who the hell is he fooling?

Now tell me the importance of this thread??
Is it to become the chief wailer or to gain sympathy what kind of dubious character is that and who tolerates that if not the zombies...

For all I care, harken to his words at your own peril.
Whatever he said we have already know, but his mischievousness of creating this thread is yet unknown.

Can you now leave me alone. Anti-biafra