anonimi:


Don't mind the bloody, confused liars.
Does he and AmaeTHIEF know better than Ebola Owu

http://www.thetrentonline.com/i-met-3-7-billion-in-reserve-buhari-met-30-billion-obasanjo/?utm_source=&utm_medium=twitter

http://www.vanguardngr.com/2016/03/asking-account-abachas-loot-stupid-obasanjo/



www.nairaland.com/attachments/4241395_obj_jpeg69052097a4fedb4aeb4c99f2aefd08a3

You're yet to answer my question, while distorting someone attempting. For the N2.97 trillion shared by states, FG also received over N6 trillion by RMFAC.

deji68:
Well oil earning form part of foriegn reserve, so u are confirming what said earlier....

Yes, we understand what foreign reserves is, that it's been funded from earnings from oil and others.
The issue is why is the reserve not growing despite the fact that Nigeria earns more from crude oil during GEJ tenure rather, it depleted.

like i said the high value of Naira was due to this depletion...u cant steal or spend FR

Ventura1:

Yes, we understand what foreign reserves is, that it's been funded from earnings from oil and others.
The issue is why is the reserve not growing despite the fact that Nigeria earns more from crude oil during GEJ tenure but rather, it depleted.

This article was written to defend GEJ but ended up discrediting him, it confirmed he inherited $65 billion (both reserves & ECA @ $22 billion) from late Yar'adua and left both at $32 billion
https://www.thecable.ng/factcheck-obasanjo-leave-65bn-excess-crude-account

Vanguard report 2010....from chairman of Federaton account comittee
The Nation Excess crude account has been depleted from about $20 billion in 2007 to only $4.393 billion as at the end of April, 2010. This was disclosed at the week end by the Minister of State for Finance, Mr. Remi Babalola who is the chairman of the federation account allocation committee.

Read more at: https://www.vanguardngr.com/2010/05/excess-crude-account-depleted-to-4-393-billion/

/www.vanguardngr.com/2010/05/excess-crude-account-depleted-to-4-393-billion/

Worldbank report on ECA, not Simeon Kolawole voodoo report

[b]The trends in macroeconomic management
during 2011-2012 have been quite positive. The
Government has reined in the excessive fiscal
expansion of 2010. The general government deficit
(including budgets, extrabudgetary funds, the
fuel subsidy, and net accumulation in the Excess
Crude Account) was reduced from an estimated
5.7% of GDP in 2010 to 2.2% in 2011 and a projected
1.9% in 2012. In this context, the Excess
Crude Account balance increased from negligible
levels at the end of 2010 to an estimated US$
8.6 billion in 2012. This is still far less than the
US$ 22 billion that the country had accumulated
on the eve of the world financial turmoil in 2008.
Two primary factors prevented a more rapid increase
in the ECA balance during the time of
generally strong oil prices in 2011-2012. In 2011,
a major increase in fuel subsidy payments (4.6%
of GDP) limited the accumulation of the ECA.
In 2012, the Government succeeded in reducing
fuel subsidy obligations significantly, but a
decline in oil output and revenues tightened the
budgetary position of the country.[/b]

http://documents.worldbank.org/curated/en/934931468291633000/pdf/776840WP0Niger0Box0342041B00PUBLIC0.pdf

Ventura1:
This article was written to defend GEJ but ended up discrediting him, it confirmed he inherited $65 billion (both reserves & ECA @ $22 billion) from late Yar'adua and left both at $32 billion
https://www.thecable.ng/factcheck-obasanjo-leave-65bn-excess-crude-account

TWO YEARS AND SEVEN MONTHS GONE. YET THEY ARE STILL BLAMING GOODLUCK JONATHAN.?
NOT ONE MAJOR PROJECT HAS BEEN INITIATED OR COMMISSIONED EVENTHOUGH THIS IS THE THIRD YEAR GOING WITH AN APPROVED BUDGET. I FIND IT HAD TO BELIEVE THAT NIGERIANS ARE STILL LISTENING OR EXPECTING MUCH FROM THIS APC LED GOVERMENT.??
WE NO LONGER DISCUSS THE FULANI HERDSMEN KILLINGS AND OTHER ATTROCITIES, NOT EVEN ONE PERSON HAS BEEN CONVICTED FOR CORRUPTION.
DASUKI THE PRIMARY SUSPECT IN THE FAMOUS ALLEDGED $2.1 BILLION SCAM IS YET TO BE ARRAIGNED OR TRIED BEFORE A COMPETENT COURT OF LAW. HOWEVER LESSER BEINGS LIKE OLISA METUH, FANI KAYODE HAVE BEEN SENT TO JAIL WITHOUT ANY CONVICTION.
WHAT A COUNTRY.

see how reno was quoting constitution and even mentioning date to prove he is saying the truth. ..

I have never seen any party so built on lies and deceit.The party will not last long cos the foundation is faulty,I guess it was formed for temporary gains by the owners.

Deceive the people,acquire power,enrich ourselves and the party dies.