PassingShot:
Only if there was honor among thieves!

In response to the thread by TonyeBarcanista, it is important to constantly remind him and those like him who have demonstrated to be gifted with short memory, how and why we are in the sorry state that we are in.

@passingShot, it's people like you that keep misleading Nigerians. Does that mean I approve of the mismanagement of past administrations? Oh, No! But you keep making Nigerians believe that's the only thing that brought us to this sorry state. Your PMB failed to set the ball rolling when he got into office; failed to appoint the right brains into his cabinet; he and his team have been making poor and silly economic decisions, and you're here distracting gullible Nigerians with the tale of a man living in Ajah!?! Keep up the poor job of defending cluelessness.

The moment you start blaming someone else for your problems,that your thought is d problem. Albert einstein. Was this change government voted in power to solve problems or blame others? 6six months (vacuum) in2 power without ministers. haba!!. recession has persisted for a quarter n we are plunging to depression u are still complaining of 2014. Inflation rate keep increase on double digit (18.75%) effortlessly n u're still shouting GEJ. #1=$510 n your eye no clear. unemployment on a free rise like never B4. Cost of goods n services has triple n yet no increment in wages. Haba!!! na only Buhari n APC Waka for democracy? OP did APC pay u ni?or your zombiesm was destined.

OP you just made my day. What a sound mind with facts!

Take one beer anywhere you dey and pay later, recession dey myside.

My concern is that with these information in public domain, PMB should have not over promised to Nigerians.

With these information about state of economy, PMB should have acted proactively by appointing economic advisers & not media aides.

With the declining economy from 2014, PMB should have constituted economic team to quickly look into issue of economic downturn.

With these warnings, PMB should not have waited 6months before appointing his cabinet & will have hit the ground running.

With Sanusi & Okonjo warning, Buhari would have removed fuel subsidy on day-1 instead of claiming it does not exist.

We all see the time wasted on 2016 based on it missing & padded, no urgency was attached to it because Buhari do not know the impact on economy.

Buhari finally miscalculated with NDA by trying to play tough guy at the expense of our cash-cow 'oil'. Immediately, the should have pacify the agitators but his refusal led us to low output, who do you blame, Is he me the law abiding & tax payers?

Yes, GEJ administration did not do well but Buhari also contribute because he was not really prepare & he is slow in taking decisions hence making worse situation to go worst.

If OBJ could meet worst situation than what Buhari met & he did not complain, then PMB has no reason to complain nor does he have reason to plunge the economy into deepest recession; I think this is point Barca is trying to point out but Passingshot seems not to get it.

StOla:


Indeed, I concur.

I would always find it hard to blame the present administration for our current economic reality.
However, I do blame them for the social consciousness that has hardly changed. You do not need funds to change such things, all you needis the political will.

The police is still corrupt.
The military is still overbearing in a civil democratic society.
The civil service is still corrupt.
The health and education sectors are still awash with a disenchanted labour force that have no regard for their jobs and the customer.
Public executions of accused robbers and accident causing drivers are still tolerated without any concern by the government. Not even the minister of information, talkless the presidency has saw need to make a categorical statement on the matter.
The life of a Nigerian can be taken at will by whomever extrajudicially, yet no condemnation from the right corridor of power.

No policy is even being planned to address these issues.

So some truth can be found on the lips of a ZOMBIE

You really do learn something new everyday, fvcking ZOMBIE, bish nigggah

obiageIi:

A comment is enough to show an empty head

You are buying rice at 20k and you are still defending the man who is in London doing nothing and you have the effrontery to call someone an empty head



This aptly describes you

Even though Jonathan kept all money for Buhari, the man would still fail ...

He failed in 1983 and also failing in 2017.. This is not a coincidence, it's called statistics....

Stats never lie...

The moment the man was elected, he started inviting Saudi professionals for advice, that's when I know failure is eminent
Jonathan was our best shot. U can never stop corruption in a system like Nigeria because the man to report the theif is the brother of the theif, so no one want his own to suffer in the hands of an ethnic divided country....

Our best shot, is reconstruction so that every region will be responsible.. For now no one is responsible....
Millitants believes blowing pipe line would hinder Nigeria progress that's Boko harm aim too but when we know we are pushing our region back then our leaders and elders becomes responsible .....


For now people like fayose can blame the dire state of his constituent on the federal government while he steal funds from the back... And no one will see nothing in it, cos we belive the federal government is responsible for our woes.

PassingShot:
Only if there was honor among thieves!

In response to the thread by TonyeBarcanista, it is important to constantly remind him and those like him who have demonstrated to be gifted with short memory, how and why we are in the sorry state we are.

Without wasting time, let’s liken Nigeria to a young family man who worked for sixteen years on very decent monthly salary of N1,000,000. In the sixteen years he earned N1M monthly, the said man has acquired taste for luxury life, living in a duplex in Ajah Estate with all the good things life could offer. This man was living large and had little or nothing in savings. Then one day, he lost his high-paying job and could only manage to secure another one which offers a third of what he used to earn. His new job only pays N300,000 monthly!

Without being told or advised by anyone, the man must realize that he can no longer house his family in the Ajah duplex they’d lived for sixteen years even if there was savings let alone when there is no reasonable savings. He must therefore scale down on EVERYTHING about his living and that of his family. He will need to change his children’s school. He will need to move into a 2 or 3 bedroom flat in Ikorodu or Agege. He will need to ride a smaller car. If his family used to go on weekly/monthly picnic, that also must stop. His and his family choice of food will change. In fact, he must engage more in DIY (Do It Yourself) than ever before for some tasks. Such man will have no one to blame for needing to scale down on his living except himself!

If we all agree that the man in the example above must cut back on his spending with a lot of sacrifices, there should be no reason why any reasonable person will fail to understand why Nigeria is in the current economic mess or what sacrifices Nigeria must make to weather the storm.

OBJ, with all his flaws, managed to build decent external reserves ($45bn ), created and built the excess crude account (above $20bn) for rainy days and was able to hand over good economy to Yar’Adua. Yar’Adua was on the same trajectory before his creator decided to take him away.

GEJ inherited $47bn in foreign reserves plus another $20bn+ in ECA. During the over five years he spent as president, crude oil which is the major source of income to Nigeria (responsible for more than 90% or our dollar earnings) sold for an average of $100 per barrel, yet the hugely incompetent man from Otuoke found a way to plunge the reserves to an abysmal level of $29bn as at the time of his exit and went on borrowing spree (which was also looted) even when there was no need to. In fact, GEJ and his gang r@ped Nigeria without mercy such that the FG had to borrow money to pay its workers in Nov 2014 and March 2015 just because crude price crashed from $100 to $76 a barrel. Sane minds can only imagine how such regime could have fared, or how much we would have suffered, if they were in charge of our affairs when crude crashed further to $27 a barrel.

Let’s not even talk about the ECA which his supporters will be quick to blame the governors for asking it to be shared. Though they will pretend not to know that the request of the governors made perfect sense for the fact that GEJ and Ngozi were fond of stealing from the account which jointly belonged to the FG and the states, they know in their mind that there argument lacks merit.

Is there anything happening in Nigeria today that was not foreseen, predicted or that we were not warned about? The answer is a resounding NO.

Let us refresh our memory with the warnings and predictions about today’s hardship and economic woes perhaps a few minds will be more objective and more reasonable.

1. OBJ warned Jonathan in Nov 2014: Extracts from the report:

"Sooner or later, the Naira will have to be drastically devalued without any advantage to our one commodity economy but with horrendous disadvantage to already impoverished Nigerians. We will all sink deeper in poverty except for those who have corruptly stashed money abroad and who will start to bring such illegal and illegitimate funds back home to harvest more Naira. All the economic gains of recent years and the rebuild of the middle class may be lost.”

“In the end, more businesses will close down, business men and women, entrepreneurs and investors will incur more debts. Foreign investors may temporarily stop investing in a downturn economy.
“Because of the Naira depreciation, workers, particularly in the public sector, will ask for pay increase, which may be justified but will sink us deeper in the swamp.
“The scenario, which may sound alarmist, is hard to imagine but the signs are there and it would appear that those who should act are dancing slow foxtrot while their trousers are catching fire”.
http://thenationonlineng.net/obasanjo-warns-jonathan-economy-is-in-big-trouble/


2. Sanusi, the then Governor of Central Bank warned too!

“Over 20 billion dollars unremitted to the federation account, and if nothing is done, by 2015 upward Nigeria will know what economic crisis is.”

When he was invited by the Senate to substantiate his claim, he said"

“It is established that out of the 67 billion dollars crude shipped by NNPC between January 2012 and July 2013, $47 billion was remitted to the Federation Account. It is now up to the NNPC to prove that $20 billion unremitted either did not belong to the federation or was legally and constitutionally spent. There is no dispute that $20 billion out of the $67 billion has not been paid into any account with the CBN,” he said.
http://icirnigeria.org/sanusi-insists-20-billion-is-missing-nnpc-denies-allegation/

We all know how Sanusi the whistle blower was sacked by the fisherman.


3. Oby Ezekwesili sounded the alarm bell in 2013: “Our reserve is depleted and our savings are squandered. Our nation is in trouble.”
She later stated: “The key FACT is that even by the time of that crisis when Soludo had to defend the Naira with our Foreign Reserve, he spent about $15b of it and still left behind about $45b when he departed as Central Bank Governor in 2009!!!
Now imagine that since that time oil prices have averaged between $95-$100 per barrel and we export an average of 750 million barrels per annum. How then can the Foreign Reserve only now be starting to grow back to the same size it was in 2009 after such hefty earnings of the last 4 years? The FG numbers do not add up at all and we need to know why!
The citizens need an explanation and that’s why I called for accountability. It is simply a patriotic call which should not result in the name calling by officials of government."

http://dailypost.ng/2013/03/08/oby-ezekwesili-now-that-sanusi-lamido-sanusi-has-admitted-fiscal-leakages/


4. Jonathan Lacked Political Will to Save – Ngozi Okonjo Iweala

And madam Gele finally agrees to her and her boss’ gross incompetence by saying:

The former finance minister and World Bank president, who spoke on “inequality, growth and resilience,” with Chile as an example of a country with a saving culture, said:

“We tried it in Nigeria, we put in an oil price based fiscal rule in 2004 and it worked very well. “We saved $22 billion because the political will to do it was there. And when the 2008 /2009 crisis came, we were able to draw on those savings precisely to issue about a five per cent of GDP fiscal stimulus to the economy, and we never had to come to the Bank or the Fund. “This time around and this is the key now, you need not only to have the instrument, but you also need the political will. In my second time as a finance minister, from 2011 to 2015, we had the instrument, we had the means, we had done it before, but zero political will. “So we were not able to save when we should have. That is why you find that Nigeria is now in the situation it is in, along with so many other countries.

http://www.vanguardngr.com/2016/04/nigeria-had-no-political-will-to-save-under-jonathan-okonjo-iweala/
For the “video or Idontbelieve it” crew, it is available on YouTube as well.

[b]Now that we have seen that today’s economic mess was created by GEJ and his thieving gang, it makes no sense for anyone to blame PMB for the current situation. If anything, PMB deserves commendations for being able to provide bailouts to states owing salaries before he came on board, for being able to provide additional budget support due to reduced allocation to state, for being able to increase our foreign reserves despite that crude price is still at around $50 per barrel, for being able to build roads that those who earned billions in dollars couldn’t touch, for being able to start N-Power project employing hundreds of thousands unemployed youths, for being able to complete abandoned Kaduna-Abuja rail project, for being able to restore life in the NE that was ravaged by Boko Haram due to GEJ’s incompetence, for being able to bring some past looters to justice (Dasuki, Andrew Yakbu, Diezani, Bafarawa, Akpobolokemi, etc), for being able to restore some sanity in our ultra-corrupt judiciary, for ending fuel subsidy scam, for working towards self-sustenance in rice and other staple food production, for working to make Nigeria refine her own crude locally by 2019, etc., etc.[/b]

GEJ and his gang of looters raped Nigeria without using condom or any form of protection. The product of such violation is today’s economic hardship.

Had PMB not become president, Nigeria would have completely failed. I have no doubt about that happening and it’s based on what have now been revealed in the numerous looting of our common wealth.


God Bless PMB/VPYO
God Bless Nigeria

Educated fools will never Learn...you keep pointing at the ills and looting of the previous administration as an excuse for the present economic woes facing the country but fail to ask why this present administration can not seem to have answers to the problems facing us.

how awkward and foolish to think that educated people like you voted for an illiterate to lead a country as big as Nigeria and expect results still baffles sane people.

Was their also a massive looting prio 1985 when Nigeria witnessed her first ever recession under the same man Buhari?

Buhari is synanimus to failure... please point out one possible positive contribution Buhari made after leaving office in 1985 after plunging us into our first ever recession, his second coming would usher us into yet another recession and educated fools like you would still look for excuses to justify his failure.

Every morning we hear huge figures of money stolen, recovered or withheld, evidences of loots, she stole, he stole, they stole yet nobody I MEAN NOBODY is convicted and sent to jail...so, what exactly is the anti-corruption noise about?

Sadly, educated people like you chose to be fooled by a gworo chewing kunu sipping illiterate daura bastard.

Of what importance is education if you can't tell if someone is deceiving you?

luvinhubby:


Another media combatant from Buhari Media Centre BMC.

Next one !

Aww got to pity the empty head

Nukualofa:
You are buying rice at 20k and you are still defending the man who is in London doing nothing and you have the effrontery to call someone an empty head



This aptly describes you

I'm buying rice at 20k because some idiot does not know what reserve mean and how to keep it healthy.

PassingShot you think we will forget so soon.


PassingShot NIGERIANS WILL NEVER FORGET..


"A serious government will fix power problem in 6 months."
- Babatunde Raji Fashola ( November 12, 2014)


"Stone us (APC) if we do not perform after 2 years."
- Tony Momoh ( April 3, 2016, The Guardian)

"The only way to have stable electricity is to vote out PDP."
- Fashola (July 12, 2014, The Nation)

"We seriously frown at President Goodluck Jonathan, over the "unceremonious removal" of the Group Managing Director of the NNPC, Mr Andrew Yakubu."
- APC (August 4, 2014, Channels Television)

"Jonathan leading a vision less government. "
- Yemi Oshumbade (December 22, 2014, Thisday & tweet @ProfOsinbajo)

"Jonathan should resign if he has no solution to the violence being unleashed on some parts of the country."
- El Rufai ( August 2012)

"The only solution to the present political uncertainty in the country is for the National Assembly to set machineries in motion for the impeachment of ailing President Umoru Musa Yar 'Adua. "
- Buhari (March 10, 2010, Sun Newspapers)

" Why is the nation’s currency, the Naira, now trading for N180 per Dollar, while the South African Rand is trading at R11 to one United States Dollar?"
- Fashola (December 26, 2014, The Nation)

"Give Nigerians a daily update on the health of President Umaru Yar’Adua to stem the growing rumours surrounding his state of health. "
- Lai December 21, 2009 (The Nation)

"Amaechi is not only clean but a tool to free Nigeria from the corruption imposed on us by those who hate our nation."
- APC (October 24, 2026, Vanguard)

"The recent proscription of Boko Haram and Ansaru, desirable violates the Constitution."
- Lai Mohammed (June 10, 2013, The Nation)

" I have decided as his wife, that if things continue like this up to 2019, I will not go out and campaign again and ask any woman to vote like I did before. I will never do it again."
- Aisha Buhari (October 14,2016, BBC)

"People are now appointed to top posts because of the influence a "few people" wield."
"Some people are sitting down in their homes folding their arms only for them to be called to come and head an agency or a ministerial position,"
- Aisha Buhari (October 14, 2016, BBC)

"I don't know which party my wife belongs to, but she belongs to my kitchen and my living room and the other room."
- Buhari (October 14, 2016, BBC/ Punch)

"Buhari is giving cabals billions through forex subsidy."
- Emir Sanusi (August 26, 2016, Daily Trust)

"I can sit in my garden, make billions through forex without sweat."
– Emir of Kano (August 25, 2016)

"Buhari is a LIAR."
- Senator Shehu Sani (January 24, 2017, Daily Independent /YouTube )

"The funds spended were properly spended."
- Solomon Dalung, Sports Minister (December 19, 2016, Punch/ YouTube)


"Athletes don't need training to win medals."
- Solomon Dalung, Sports Minister(September 12, 2016, Vanguard)

AND I SAY IF YOU RELY ON NIGERIAN POLITICIANS YOU'LL KILL EVEN YOUR OWN MOTHER

They told us PMB is on vacation and had transmitted power to his deputy to act in his stead during his vacation.

All of a sudden, same PMB intercepts a call meant for the president of the Federal Republic of Nigeria while still on vacation, with the presidential powers still vesting on the Acting President.

This is unprecedented in the history of this country that we have two individuals having presidential power at the same time.
Femi Adesina, Garba Shehu, Lai Mohammed, and the entire APC should hide their heads in shame.


Indeed Nigerians will never forget

kYjelly2:


So some truth can be found on the lips of a ZOMBIE

You really do learn something new everyday, fvcking ZOMBIE, bish nigggah

That's because I'm objective in my criticism. The very reason I will continue to condemn Jonathan on issues bothering on economy and financial corruption, while exonorating Buhari in these matters.

Retarded miserable wailer!

obiageIi:

Aww got to pity the empty head

Aunty Lauretta, is that you?

Austin4lif:
leave Nairaland and go look for better work. put this better energy into a productive enterprise.

they cannot,
anyways its easier and safer to be a parasite and lie to your conscience that white is black...societies were never built of bottom feeders like them, they cannot progress more that the 250k given to them with insults and threats on top

project8:
this writeup is meant for the matured minds who care about the future of this great country and not for kids like u.mayb u shud maintain the romance section where u are more active and leave politics to patriots

when mature people gather to talk, simple minded fellows like you come out too? Maybe you really need that romance section.

Bond is different from borrowing, it is the money you realize from the sale of crude oil - This is the definition of bond PASSINGSHOT Lol
A dundee united champion

Ngokafor:




...Exactly!!..@all,Passingshot does not live in Nigeria

Now I understand this passingshot guy, he is one of those benefiting from the current system. He earns dollars in Yankee, converts it to Naira at N500 per dollar and becomes a millionaire in naija. How won't he continue to shout sai Baba?

Achuwa1:
Op opened a thread tht has turned around to hunt him...

You are a very wicked fellow

olowodaddy:

Now I understand this passingshot guy, he is one of those benefiting from the current system. He earns dollars in Yankee, converts it to Naira at N500 per dollar and becomes a millionaire in naija. How won't he continue to shout sai Baba?

Just check my posts pre 2015 election to clear your doubt.

olowodaddy:

Now I understand this passingshot guy, he is one of those benefiting from the current system. He earns dollars in Yankee, converts it to Naira at N500 per dollar and becomes a millionaire in naija. How won't he continue to shout sai Baba?

And he is captain of dundee united, he said bond is different from borrowing in another thread ,I have never seen such an adult dundee b4

PassingShot:

You want to wish away the facts that GEJ was a disaster that shouldn't have been allowed to happen. It won't work. The Ineffectual Buffoon brought today's calamity on us.
It's not about who looted per se. It's more about him not being in control to prevent the looting by his fellow thieving gang including his wife.

All hail Buhari
The best president Nigeria ever had
The past administration looted
Your economic policies are superb .
You've created millions of jobs within the last 2 years
You stabilized naira and equated it to dollar
Oh How steady our power supply is
How cheap goods and services have become
You've prosecuted and sacked ministers indicted of corruption
You banned public office holders from receiving medical treatment abroad
You've diversified our economy by exploring oil in the north
All hail Buhari . He spoke with Trump . He's indeed a god.

SheriffRango:
Bond is different from borrowing, it is the money you realize from the sale of crude oil - This is the definition of bond PASSINGSHOT Lol
A dundee united champion

Why you come expose PassingShot like that...shey you want make people know sey na dropout?

PassingShot:
Only if there was honor among thieves!

In response to the thread by TonyeBarcanista, it is important to constantly remind him and those like him who have demonstrated to be gifted with short memory, how and why we are in the sorry state we are.

Without wasting time, let’s liken Nigeria to a young family man who worked for sixteen years on very decent monthly salary of N1,000,000. In the sixteen years he earned N1M monthly, the said man has acquired taste for luxury life, living in a duplex in Ajah Estate with all the good things life could offer. This man was living large and had little or nothing in savings. Then one day, he lost his high-paying job and could only manage to secure another one which offers a third of what he used to earn. His new job only pays N300,000 monthly!

Without being told or advised by anyone, the man must realize that he can no longer house his family in the Ajah duplex they’d lived for sixteen years even if there was savings let alone when there is no reasonable savings. He must therefore scale down on EVERYTHING about his living and that of his family. He will need to change his children’s school. He will need to move into a 2 or 3 bedroom flat in Ikorodu or Agege. He will need to ride a smaller car. If his family used to go on weekly/monthly picnic, that also must stop. His and his family choice of food will change. In fact, he must engage more in DIY (Do It Yourself) than ever before for some tasks. Such man will have no one to blame for needing to scale down on his living except himself!

If we all agree that the man in the example above must cut back on his spending with a lot of sacrifices, there should be no reason why any reasonable person will fail to understand why Nigeria is in the current economic mess or what sacrifices Nigeria must make to weather the storm.

OBJ, with all his flaws, managed to build decent external reserves ($45bn ), created and built the excess crude account (above $20bn) for rainy days and was able to hand over good economy to Yar’Adua. Yar’Adua was on the same trajectory before his creator decided to take him away.

GEJ inherited $47bn in foreign reserves plus another $20bn+ in ECA. During the over five years he spent as president, crude oil which is the major source of income to Nigeria (responsible for more than 90% or our dollar earnings) sold for an average of $100 per barrel, yet the hugely incompetent man from Otuoke found a way to plunge the reserves to an abysmal level of $29bn as at the time of his exit and went on borrowing spree (which was also looted) even when there was no need to. In fact, GEJ and his gang r@ped Nigeria without mercy such that the FG had to borrow money to pay its workers in Nov 2014 and March 2015 just because crude price crashed from $100 to $76 a barrel. Sane minds can only imagine how such regime could have fared, or how much we would have suffered, if they were in charge of our affairs when crude crashed further to $27 a barrel.

Let’s not even talk about the ECA which his supporters will be quick to blame the governors for asking it to be shared. Though they will pretend not to know that the request of the governors made perfect sense for the fact that GEJ and Ngozi were fond of stealing from the account which jointly belonged to the FG and the states, they know in their mind that there argument lacks merit.

Is there anything happening in Nigeria today that was not foreseen, predicted or that we were not warned about? The answer is a resounding NO.

Let us refresh our memory with the warnings and predictions about today’s hardship and economic woes perhaps a few minds will be more objective and more reasonable.

1. OBJ warned Jonathan in Nov 2014: Extracts from the report:

"Sooner or later, the Naira will have to be drastically devalued without any advantage to our one commodity economy but with horrendous disadvantage to already impoverished Nigerians. We will all sink deeper in poverty except for those who have corruptly stashed money abroad and who will start to bring such illegal and illegitimate funds back home to harvest more Naira. All the economic gains of recent years and the rebuild of the middle class may be lost.”

“In the end, more businesses will close down, business men and women, entrepreneurs and investors will incur more debts. Foreign investors may temporarily stop investing in a downturn economy.
“Because of the Naira depreciation, workers, particularly in the public sector, will ask for pay increase, which may be justified but will sink us deeper in the swamp.
“The scenario, which may sound alarmist, is hard to imagine but the signs are there and it would appear that those who should act are dancing slow foxtrot while their trousers are catching fire”.
http://thenationonlineng.net/obasanjo-warns-jonathan-economy-is-in-big-trouble/


2. Sanusi, the then Governor of Central Bank warned too!

“Over 20 billion dollars unremitted to the federation account, and if nothing is done, by 2015 upward Nigeria will know what economic crisis is.”

When he was invited by the Senate to substantiate his claim, he said"

“It is established that out of the 67 billion dollars crude shipped by NNPC between January 2012 and July 2013, $47 billion was remitted to the Federation Account. It is now up to the NNPC to prove that $20 billion unremitted either did not belong to the federation or was legally and constitutionally spent. There is no dispute that $20 billion out of the $67 billion has not been paid into any account with the CBN,” he said.
http://icirnigeria.org/sanusi-insists-20-billion-is-missing-nnpc-denies-allegation/

We all know how Sanusi the whistle blower was sacked by the fisherman.


3. Oby Ezekwesili sounded the alarm bell in 2013: “Our reserve is depleted and our savings are squandered. Our nation is in trouble.”
She later stated: “The key FACT is that even by the time of that crisis when Soludo had to defend the Naira with our Foreign Reserve, he spent about $15b of it and still left behind about $45b when he departed as Central Bank Governor in 2009!!!
Now imagine that since that time oil prices have averaged between $95-$100 per barrel and we export an average of 750 million barrels per annum. How then can the Foreign Reserve only now be starting to grow back to the same size it was in 2009 after such hefty earnings of the last 4 years? The FG numbers do not add up at all and we need to know why!
The citizens need an explanation and that’s why I called for accountability. It is simply a patriotic call which should not result in the name calling by officials of government."

http://dailypost.ng/2013/03/08/oby-ezekwesili-now-that-sanusi-lamido-sanusi-has-admitted-fiscal-leakages/


4. Jonathan Lacked Political Will to Save – Ngozi Okonjo Iweala

And madam Gele finally agrees to her and her boss’ gross incompetence by saying:

The former finance minister and World Bank president, who spoke on “inequality, growth and resilience,” with Chile as an example of a country with a saving culture, said:

“We tried it in Nigeria, we put in an oil price based fiscal rule in 2004 and it worked very well. “We saved $22 billion because the political will to do it was there. And when the 2008 /2009 crisis came, we were able to draw on those savings precisely to issue about a five per cent of GDP fiscal stimulus to the economy, and we never had to come to the Bank or the Fund. “This time around and this is the key now, you need not only to have the instrument, but you also need the political will. In my second time as a finance minister, from 2011 to 2015, we had the instrument, we had the means, we had done it before, but zero political will. “So we were not able to save when we should have. That is why you find that Nigeria is now in the situation it is in, along with so many other countries.

http://www.vanguardngr.com/2016/04/nigeria-had-no-political-will-to-save-under-jonathan-okonjo-iweala/
For the “video or Idontbelieve it” crew, it is available on YouTube as well.

[b]Now that we have seen that today’s economic mess was created by GEJ and his thieving gang, it makes no sense for anyone to blame PMB for the current situation. If anything, PMB deserves commendations for being able to provide bailouts to states owing salaries before he came on board, for being able to provide additional budget support due to reduced allocation to state, for being able to increase our foreign reserves despite that crude price is still at around $50 per barrel, for being able to build roads that those who earned billions in dollars couldn’t touch, for being able to start N-Power project employing hundreds of thousands unemployed youths, for being able to complete abandoned Kaduna-Abuja rail project, for being able to restore life in the NE that was ravaged by Boko Haram due to GEJ’s incompetence, for being able to bring some past looters to justice (Dasuki, Andrew Yakbu, Diezani, Bafarawa, Akpobolokemi, etc), for being able to restore some sanity in our ultra-corrupt judiciary, for ending fuel subsidy scam, for working towards self-sustenance in rice and other staple food production, for working to make Nigeria refine her own crude locally by 2019, etc., etc.[/b]

GEJ and his gang of looters raped Nigeria without using condom or any form of protection. The product of such violation is today’s economic hardship.

Had PMB not become president, Nigeria would have completely failed. I have no doubt about that happening and it’s based on what have now been revealed in the numerous looting of our common wealth.


God Bless PMB/VPYO
God Bless Nigeria

Nice write up.
However,for once I have no regret to say that Jonathan did what every other leader did since the conception of Nigeria.
The whole thing about corruption didn't start 8 or 16 years ago. We have had thieves from all regions of Nigeria. From how I see it we simply had a a national mismanagement under a South south indigene. It was no doubt monumental, but going by the history, it was justifiable. In the long term, we all know Nigeria was going to breakup in the future, so why waste time and effort acting patriotic.
What about other previous leaders, on what criteria would we exclude their own financial transgression. Let's get one thing straight, until we all abide by the same laws. Until black is black and white is white in all regions of Nigeria. There will be no moral justification to condemn GEJ. They simply did what their predecessor taught them.At least now,history has it that the treasury has been plunged by a son of the South south.
We cannot have any economic future when we living in political obscurity.
Anyone who is not comfortable with it should locate a transformer in good working condition.

obiageIi:

I'm buying rice at 20k because some idiot does not know what reserve mean and how to keep it healthy.

Reserve has grown and some idiot are still buyice same price and stupidly defending this government.



Some idiots are not worth my time

PassingShot:

It means you didn't read the article.

The situation is all about cause and effect. You can't sow beans and harvest yam. It can't happen.

U cant deceive us. we know what happened in 1984. This is just a repetition. Was Gej there? I think its better for Buhari to accept his faults. He has never seen it as his fault (1984) and he will never (2017).
You better repent Passingshot

udees:
This are lies that is fed into your skull and you want to live with it---if you continue to live with this lies you will even blame your father that he is the cause of your not being able to married because he should have left money for you to use for marriage---Think of what you can do,Think of good policies--are your policies good enough to move the country forward....what were the Good policies that the past administration were implementing or were not implemented that are good that can help move the economy up--dont be ashame to tell people the good side of another person--if you continue blaming your brother for 8 years when you have all in your hand to make a difference--i tell you,you never make any progress--Blaming keeps you in one position--Your mind is that the more you blame the more sympathy you have--but i assure you of one thing--people will get tire of sympathizing with you very soon.

pls tell me,
Which economy policies your ineffectual buffoon was implementing? Is it on how to curb corruption? Or how to curb security? Or how to be self sufficient? What was his plan when oil price was falling? Did he invest in infrastructure?
But all these is what buhari has be doing. To give you a better future.
What is happening now,is part of the plan for a better tomoro.

PassingShot:

Non-oil export part of GDP has started to increase. Local production of rice and some other agric products have increased. A simple research will reveal,more but I'm out now.

PassingShot is indeed very dull...lol..Is this your response when asked by Dieumerci1to kindly identify the part(s) of the economy where there's positive growth especially that part that affects the people directly. Inflation rate? Exchange rate? GDP? ASI? ROI?

No wonder you keep posting trash. smh... zombiesm is real.

dodelight:

@passingShot, it's people like you that keep misleading Nigerians. Does that mean I approve of the mismanagement of past administrations? Oh, No! But you keep making Nigerians believe that's the only thing that brought us to this sorry state. Your PMB failed to set the ball rolling when he got into office; failed to appoint the right brains into his cabinet; he and his team have been making poor and silly economic decisions, and you're here distracting gullible Nigerians with the tale of a man living in Ajah!?! Keep up the poor job of defending cluelessness.

so what brought us to this sorry state? If not mismanagement and stealing of the past to the tune of more than 30tr naira.
Can the best economist in the world recover 30tr naira lost within 2yrs? Even if oil is stil selling above 100dollar for a barrel. I mean 2yrs. Not 6yrs or 4yrs.

Ngokafor:
..Abeg una no were these yeye Buhari Media Centre get their office for Abuja??

The BMC is said to be located in a duplex somewhere in Utako Abuja. They also maintain freelance foot-soldiers and mercenaries all around the country and abroad. PassingShot should be one of the UK-based mercenaries.

Nukualofa:
Reserve has grown and some idiot are still buyice same price and stupidly defending this government.



Some idiots are not worth my time

Reserve grown by how many %
Idiots will always be idiots

Nukualofa:
sarrki shakazullu cheruv unclezuma come and join me to laugh


Where is Freeglobe and LasGidiowner my laughing companions

Ochi egbuolam

I no even think say NASS dey pay their cleaners reach 200K em come be firm?
Some guys funny sha

fx45:
The BMC is said to be located in a duplex somewhere in Utako Abuja. They also maintain freelance foot-soldiers and mercenaries all around the country and abroad. Passingshot should be one of the UK-based mercenaries.

...Chai!!..little wonder!! ....I think ordinary Nigerians should fish them out and expose them further one way or the other.

...Very wicked anti-people sycophants pretending to be patriots.