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BEFORE CRUCIFYING BUHARI: Facts To Know
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Weds 21, Sept, 2016 - 9:15pm

By

NgeneUkwenu(f):
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If Okonjo Iweala, a woman that had seen it all could come out to say at an American conference that the SEED OF THIS RECESSION WAS PLANTED DURING THE JONATHAN REGIME DUE TO OUR LACK OF FINANCIAL DISCIPLINE, INABILITY AND LACK OF POLITICAL WILL TO SAVE. Then Those Harshly Criticizing Buhari, Should In All Honesty, Do A Retrospective Search On Their Conscience...

Obasanjo's administration earned # 17trn [/b]from
crude oil sales within eight years and left behind
45bn dollars external reserves and 3.348bn dollars
external debt.

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Yaradua grew the reserves to [b]64bn dollars within
just one year and the administration was able to finance 15 months of imports despite the 2008/2009 world economic meltdown. Hence, Nigeria survived the melt down because of the political will by the administration to save(a great achievement by Yaradua which most Nigerians are not aware of). Despite the tough economic reality at that time, Yaradua left 47.7bn dollars in reserves and an external debt of 3.94bn dollars. Meanwhile, the administration earned only # 9trn from crude oil sales within that short period.
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Now, Jonathan administration witnessed an oil boom when Brent crude sold for over 100 dollars/barrel, with the regime earning # 51trn within a period of 5years. But because of corruption, the administration did not only squander the oil revenue but even depleted the reserves left by Yaradua, leaving just 32bn dollars and a huge external debt of 63bn dollars for Buhari.

The same Brent crude sold for as low as 35 dollars/ barrel at a point shortly after Buhari took over power and had only managed to climb to about 48 dollars just recently.

[center]These are facts that can be verified. So, it's amazing hearing people criticize Buhari for the hunger in the land.[/center]

According to Fashola, Buhari's administration inherited 206 uncompleted road projects and contract arrears worth #2.1trn from Jonathan; and for about 2 to 3 years the contractors where not paid. This slowed down the economic activities, with most of the companies laying off their staff.

This was when the seed of recession was sowed.
It's obvious that Buhari came in to rescue Nigeria,
because if Jonathan had continued in power, the
nation's economic crisis would have been worse,
perhaps even the Federal government wouldn't
have been able to pay salaries of civil servants by
now.

According to Okonjo Iweala, Nigeria started borrowing money to pay salaries since October, 2014; but today Nigeria now borrow money for investment in capital projects.

Those who blame Buhari for the current hardship do so either out of mischief (hatred) or ignorance.

So, we shouldn't join the bandwagon in criticising him. He may not have done much to save the situation, considering that he is not a perfect human being but he means well for the country and can only succeed with our prayers.


May Almighty God continue to guide Baba Buhari.

Everything said is very true, sources from budgit, CNN, Bloomberg, even our local dailies proved gross misconduct and mismanagement. Iweala saw the trend since 2013 and talked, but then who would listen to just one person


Buhari inherited shhyty government, messed up policies and bankrupt Nigeria

It'll take a while to fix but it'll definitely be fixed

Pure gibberish. How much did Obasanjo inherit from the military junta of Abdulsalam? $3.6 billion and he was able to grow it to $45 billion so what is this poster yapping?

HtwoOw:
Everything said is very true, sources from budgit, CNN, Bloomberg, even our local dailies proved gross misconduct and mismanagement. Iweala saw the trend since 2013 and talked, but then who would listen to just one person


Buhari inherited shhyty government, messed up policies and bankrupt Nigeria

It'll take a while to fix but it'll definitely be fixed

I doff my cap for you

Well said.

NgeneUkwenu well done

Obasanjo met $3.6bn after gross looting by the military with zero infrastructure.

Buhari met $35bn with working telecom, rail, roads and even refineries but within a year, all went down

If Obasanjo were to spend all his working hours blaming the military and prosecuting themselves, do you think he would have achieved anything?

Ratello:
Pure gibberish. How much did Obasanjo inherit from the military junta of Abdulsalam? $3.6 billion and he was able to grow it to $45 billion so what is this poster yapping?

Ok, then why did gej deplete it even when oil sold at $120/barrel?

Ratello:
Pure gibberish. How much did Obasanjo inherit from the military junta of Abdulsalam? $3.6 billion and he was able to grow it to $45 billion so what is this poster yapping?

ITbomb:
Obasanjo met $3.6bn after gross looting by the military with zero infrastructure.

Buhari met $35bn with working telecom, rail, roads and even refineries but within a year, all went down

If Obasanjo were to spend all his working hours blaming the military and prosecuting themselves, do you think he would have achieved anything?

And how many times have you hateful and bitter souls opened any thread or posted anything to recognize and praise OBJ for that feat?

Do you eulogize him the same way you worship your ijaw master?

Ngeneukweunu = 'Olodo rapata'

APCsupporter:



Ok, then why did gej deplete it even when oil sold at $120/barrel?

Deplete? With many infrastructures he kick started from the scratch in the area of roads, universities, investing heavily in cement factories, empowering youths through YouWin, boosting Agriculture etc. Unfortunately you people hate him with no justifiable cause.

Ratello:
Pure gibberish. How much did Obasanjo inherit from the military junta of Abdulsalam? $3.6 billion and he was able to grow it to $45 billion so what is this poster yapping?

calm down breath gently



Ok I dey ear you

ITbomb:
[s]Obasanjo met $3.6bn after gross looting by the military with zero infrastructure.

Buhari met $35bn with working telecom, rail, roads and even refineries but within a year, all went down

If Obasanjo were to spend all his working hours blaming the military and prosecuting themselves, do you think he would have achieved anything? [/s]

Obasanjo wouldn't have been able to do anything if not for the high oil price

Everything has its roots. Massive looting, mono cultural economy, excessive borrowings, etx are the reasons why we are suffering today. Oil is now less than half its price then and still some goats are blowing pipelines up. What MAGIC are you expecting?

Is blaming the past administration stopping the govt from working? When too many ignorant people are talking you have to come out and state some bitter truths

ITbomb:
Obasanjo met $3.6bn after gross looting by the military with zero infrastructure.

Buhari met $35bn with working telecom, rail, roads and even refineries but within a year, all went down

If Obasanjo were to spend all his working hours blaming the military and prosecuting themselves, do you think he would have achieved anything?

You too much bro, simple and short. You just rubbished the empty epistle the thread creator just displayed with this BOLD FACED FACTS.

APCsupporter:


Obasanjo wouldn't have been able to do anything if not for the high oil price

Everything has its roots. Massive looting, mono cultural economy, excessive borrowings, etx are the reasons why we are suffering today. Oil is now less than half its price then and still some goats are blowing pipelines up. What MAGIC are you expecting?

Is blaming the past administration stopping the govt from working? When too many ignorant people are talking you have to come out and state some bitter truths

You can't stand the truth really sucks to be you guys.

Who's ngeneukwenu?

sarrki:
calm down breath gently



Ok I dey ear you

[size=26pt]keep quiet[/size]

You mean Jonathan left $32bn in the reserve?

Thought Buhari said he never met a dime?

Please out of that $32bn, how much is now in the reserve?

Crude oil was $45 when Yaradua grew the reserve to an unprecedented $62bn, pls how much is crude oil price today?

Ratello:

Deplete? With many infrastructures he kick started from the scratch in the area of roads, universities, investing heavily in cement factories, empowering youths through YouWin, boosting Agriculture etc. Unfortunately you people hate him with no justifiable cause.

Oga chill you should be ashamed of mentioning these. Its not different from mentioning how he spent billions of dollars "to fight insecurity". How many has he completed? Why did he share the reserves unnecessarily? Do you know that even with the high oil price he still borrowed to pay salaries?

Even madam puff puff made it clear that gej signed everything signable and Nigeria was heading towards recession, meaning that its exactly from the buffon's govt. I have every reason to hate gej.

APCsupporter:



Ok, then why did gej deplete it even when oil sold at $120/barrel?

Be cause you lot created a monster called Boko Haram to make his government difficult. @OP, do well to tell us how much of the oil money was sunk in arms, ammunition and prosecution of the war against terrorism.

Ratello:

You can't stand the truth really sucks to be you guys.

Hmm. Make I keep quiet before dem ban me

APCsupporter:


Obasanjo wouldn't have been able to do anything if not for the high oil price

Everything has its roots. Massive looting, mono cultural economy, excessive borrowings, etx are the reasons why we are suffering today. Oil is now less than half its price then and still some goats are blowing pipelines up. What MAGIC are you expecting?

Is blaming the past administration stopping the govt from working? When too many ignorant people are talking you have to come out and state some bitter truths

When you say high oil price, pls with facts how much are we talking about here?

Omenkata:
Who's ngeneukwenu?

As pmb is to Apc nationally

NgeneUkwenu is one of our leader here


The progressive

Do u now know who she is ?

Is that ok

Ratello:

You too much bro, simple and short. You just rubbished the empty epistle the thread creator just displayed with this BOLD FACED FACTS.

And you think you are making sense?

APCsupporter:


Obasanjo wouldn't have been able to do anything if not for the high oil price

Everything has its roots. Massive looting, mono cultural economy, excessive borrowings, etx are the reasons why we are suffering today. Oil is now less than half its price then and still some goats are blowing pipelines up. What MAGIC are you expecting?

Is blaming the past administration stopping the govt from working? When too many ignorant people are talking you have to come out and state some bitter truths

is this the high oil price you are talking about?

Oil never rose above $45 throughout Obasanjo administration which is the same price today that zombies are complaining

Amitex:


Be cause you lot created a monster called Boko Haram to make his government difficult. @OP, do well to tell us how much of the oil money was sunk in arms, ammunition and prosecution of the war against terrorism.

Please I'm not ready for all these silly arguments. How can one create a Nuclear bomb and then attack his own territory with it? Besides, based on the utterances and actions of gej and other pdp members like late azazi, it is safe to say that pdp is more connected with boko haram

Ratello:

You too much bro, simple and short. You just rubbished the empty epistle the thread creator just displayed with this BOLD FACED FACTS.

both of u think u have common-sense, go and find it

[s]

sarrki:
As pmb is to Apc nationally

NgeneUkwenu is one of our leader here


The progressive

Do u now know who she is ?

Is that ok

[/s]
you mean my nigga ngeneukwenu the looser getting ready to loose edo state.
don't worry a time will come when even a hard core zombie will be tired of his lullabies

bunch of pathetic zombies ruled by a useless incompetent bastard dullard who knows nothing about economy coupled with the primary school home economics teacher managing the economy called kemi adeosun.
btw why is she posting on social media why not nairaland
oops i remember he owns numerous monikers here like Clerverly ngeneukwenu 1united1, etc. including the OP

ngeneukwenu is peeping
post directly dude stop hiding under another moniker or social media

we love youuuuuu
Nairalanders loves you

Omenkata:
Who's ngeneukwenu?

Don't try to flatter your colleague! Don't try to be Peter who denied Jesus...

Ngeneukwenu is one of the registered paid bloggers who campaigned vigorously here on Nairaland in 2015 for APC. Her colleagues in the assignment include: Donphious, Omenka, Berem etc

She's a renowned woman on Nairaland for CHANGE. A very one chance woman, straight forward and purpose driven.

She lives at Banana Island in Lagos and works with Chevron.

She is single and hails from Anambra

She is a product of Harvard University

[s]

Jesusloveyou:
both of u think u have common-sense, go and find it

[/s]
Nonsense trash

APCsupporter:


Please I'm not ready for all these silly arguments. How can one create a Nuclear bomb and then attack his own territory with it? Besides, based on the utterances and actions of gej and other pdp members like late azazi, it is safe to say that pdp is more connected with boko haram

Bruv! You ve got time for this dimwits..Please allow them to wallow in ignorance and hatred...Nigeria is already Moving foward under Buhari..and shall continue to do so..

Gud nite!

ITbomb:


is this the high oil price you are talking about?

Oil never rose above $45 throughout Obasanjo administration which is the same price today that zombies are complaining

You get time sef most times I choose to ignore these rabble rousers here knowing fully well they got no reasonable proofs for their warped assertions. The sooner they realised that Buhari's draconian measures to grim situations when he assumed office on May 29 brought us to this sorry state the better for them. He (Buhari) never addressed the issues frontally then but was busy shouting body odour, travelling up and down, chasing political opponents up and down, warehousing monies meant for economic runnings, encouraging devaluation of our naira, breeding capital flights....well he be mallam so what do I expect. They are still blaming Jonathan Good morning to these zombies.

[s]

Freegift75:


Don't try to flatter your colleague! Don't try to be Peter who denied Jesus...

Ngeneukwenu is one of the registered paid bloggers who campaigned vigorously here on Nairaland in 2015 for APC. Her colleagues in the assignment include: Donphious, Omenka, Berem etc

She's a renowned woman on Nairaland for CHANGE. A very one chance woman, straight forward and purpose driven.

She lives at Banana Island in Lagos and works with Chevron.

She is single and hails from Anambra

She is a product of Harvard University

[/s]
chisos!!!
if all of the above is true then the chance of me forking Waje is 98%
infact obiano is my uncle
peter obi is our family friend