See , your misery , loss of jobs , inflation , all coincide with oil price.

How can Buhari not announcing his cabinet in 6 months cause millions to lose their jobs
Or the fact that Buhari is a ethnic bigot is why you still have no light?
Or the fact that he appoints mostly notherners is why rice is so expensive?

Seriously , I want you guys to go in details how Buhari caused the economic disaster and how PDP is different


Now tell me is APC that Atiku was a part of responsible for the state Nigeria is in or is it this:

PortHardcore:

See , your misery , loss of jobs , inflation , all coincide with oil price.

How can Buhari not announcing his cabinet in 6 months cause millions to lose their jobs
Or the fact that Buhari is a ethnic bigot is why you still have no light?
Or the fact that he appoints mostly notherners is why rice is so expensive?

Seriously , I want you guys to go in details how Buhari caused the economic disaster and how PDP is different


Now tell me is APC that Atiku was a part of responsible for the state Nigeria is in or is it this:

Esseite:


If debt increased by just $10bn while reserve increased by $12bn as alleged,

-why then did the economy go into recession?
-why are we selling assets to fund 2019 budget?
-Are you aware oil price is at $70/barrel
-Why the wanton sales of bonds and bills?

Please move along with your lies..

are you OK?
Recession is due to lack of raw cash in the economy as oil decline to $30/b.
When oil was selling @$75, your ineffectual buffoon could not pay salaries for 3months.
When oil was selling @$120-140/b , your ineffectual buffoon could not complete a single project.

So what is your point.

buhariguy:
are you OK?
Recession is due to lack of raw cash in the economy

Raw cash., how can you even utter such

... did our quantity sale in crude oil reduce?
How come we are funding 2019 with sales of asset when we have oil at $70 which is likewise for most of the period of last govt?

deltaisgreat:
It's when things are tough and when earnings are low that a manager, a competent leader who is capable of building competent economic team will come and prove his competency just like Obama did immediately he took over from bush, not when all is rosy then you will come to reap glory where you never worked. A good and competent leader accepts responsibilities and tackle challenges Head on and not apportioning blames to the previous government. Let pmb rest so that a competent hand can lift Nigerians out of this wood

There was a time when more than half the states were not able meet their responsibilities and couldn't even pay workers salaries. Buhari came with bailout, just like Obama did to ailing American companies destroyed by the Republicans, and things started stabilizing. Dunno what it would have been by now were Dumbo and co. to reach here.

life2017:

Revenue drop is responsible for the hunger. It would have been worse with a more liberal spending govt. because we would have hit the bottom before they realise we need to control free money destroying the country.

This is the reality most Nigerians do not see .
The PMB government is doing a good job .

buhariguy:
are you OK?
Recession is due to lack of raw cash in the economy as oil decline to $30/b.
When oil was selling @$75, your ineffectual buffoon could not pay salaries for 3months.
When oil was selling @$120-140/b , your ineffectual buffoon could not complete a single project.

So what is your point.

when price of crude oil hit 80 dollar per barrel they kept mute,honestly one need to know what is really going on because it is not funny any more.

femmy2010:


This is the reality most Nigerians do not see .
The PMB government is doing a good job .

Thank God we still have sensible people like you around.

MAZI BOLT!

Esseite:


Raw cash., how can you even utter such

... did our quantity sale in crude oil reduce?
How come we are funding 2019 with sales of asset when we have oil at $70 which is likewise for most of the period of last govt?

when oil was selling @above $75 @ the production rate of 2.2m/ day in the past regime, they could not fund a budget of 4tr naira,

2019 budget is above 9tr naira, how will they fund it.

According to op, he said the difference between $400b earn by ineffectual buffoon and $94b earn by buhari is more than $300b which could fund 10year budget of $30b and 20yrs budget of your ineffectual buffoon that was 4.5tr naira,
And your ineffectual buffoon could not accomplish 50% of his budget despite receiving fund that could accomplish 20 of his budget.

Bizibi:
when price of crude oil hit 80 dollar per barrel they kept mute,honestly one need to know what is really going on because it is not funny any more.

the price hit $80 for just 2day and you are shouting,
When it hit $120 and they could not achieve anything and you did not shout.

buhariguy:
the price hit $80 for just 2day and you are shouting,
When it hit $120 and they could not achieve anything and you did not shout.

nor dey lie,haba!!!! 2 days!! This is the problem with some of you on nl.hehehehehe,oil sold at a price for two days.....smh

buhariguy:
if thief atiku win i will disappear from Africa,
Thief atiku is bad thief.

We don't need u on this earth. You're just causing chaos and confusion In this world.

Omeokachie:



What census figure are you working with?

Again you stylishly dodged the question...and I repeat.

"How much did Obasanjo inherit from Abdulsalami Abubakar, and what was oil price at the time?"

Diversifying the economy is a no brainer.
Making excuses for Buhari who has plunged us into another recession like he did as military head of state is where we part ways.

why did okonjo iweala tell us in 2014 to prepare for recession during a supposed economic eldorado under GEJ when they started borrowing money to pay salaries during an oil boom?

life2017:
Jonathan PDP Govt 2010 to 2014

Oil Revenue $381 billion dollars.

You are a shameless liar. Do you know that $381 billion in is about 144 Trillion Naira using today's exchange rate. Nigeria didn't earn that much in 4 years. In fact, from 1958 when we discovered oil to 2016, our total oil revenue was 96 Trillion Naira.

Do you know what $381 billion in 4 years means?

Let even assume that we produce 3 million barrels every day and clears them immediately, which we know doesn't happen. Nigeria produce between 1.8 - 2.2 million barrels per day.

Let us assume that each barrel for the 4 years was sold at $150 which we all know never happened.

In 4 years, it means Jonathan sold 3 x 12 x 4 million barrels which equals = 144 million

So 144 million barrels x $150 = 21.6 billion Dollars in 4 years, and GEJ didn't earn up to that amount.

So how do you arrive at $318 billion?

Are you aware our entire GDP is about $600 billion?

life2017:

Debt increased by $29 billion (From $35bn to $64bn)

Reserves dropped by $6bn ($36bn to $30bn in May 2015)

There was increase in enjoyment due to promotion of consumption and free money.

Buhari APC govt 2015 to 2018.

Oil revenue $112billlion dollars.

Debt Increased by $10billion dollars ($63bn to $73bn)

Federal Reserves increased by $12billion dollars ($30bn in 2015 to about $42bn in 2018)

There is relative increase in hardship due to less free money, relatively less focus on consumption despite low revenue and some focus on capital expenditure.

As a neutral Observer
which of the two above is better in terms of fiscal reaponsibility?.

I am not interested in the other lies you wrote there. You guys are pathetic. Packaging a dead man won't change our mind.

Cc:
Buhariguy

IamAtikulate:

You are a shameless liar. Do you know that $381 billion in is about 144 Trillion Naira using today's exchange rate. Nigeria didn't earn that much in 4 years. In fact, from 1958 when we discovered oil to 2016, our total oil revenue was 96 Trillion Naira.

Do you know what $381 billion in 4 years means?

Let even assume that we produce 3 million barrels every day and clears them immediately, which we know doesn't happen. Nigeria produce between 1.8 - 2.2 million barrels per day.

Let us assume that each barrel for the 4 years was sold at $150 which we all know never happened.

In 4 years, it means Jonathan sold 3 x 12 x 4 million barrels which equals = 144 million

So 144 million barrels x $150 = 21.6 billion Dollars in 4 years, and GEJ didn't earn up to that amount.

So how do you arrive at $318 billion?

Are you aware our entire GDP is about $600 billion?


I am not interested in the other lies you wrote there. You guys are pathetic. Packaging a dead man won't change our mind.

Cc:
Buhariguy

Is only Atiku and Buhari running?

PortHardcore:

Is only Atiku and Buhari running?

No. Atiku and others.

life2017:


What did Obama do? Obama increased US govt debt from 11trillion USD to almost 20 trillion USD in eight years to bail out US economy. Obama simply borrowed his way out of recession.

Obama spent his way out of recession by investing! Now that the fruits of his investments are ripening, everyone says "trump done it"!

Goes to show that even America has it's lazy youths!

life2017:


What we are saying is that, the free spending rent seeking arm of PDP which Atiku represent would be worse under limited Revenue.

Atiku is not a better option under limited revenue because he believes too much on financial patronage of the political and elite class. The Kleptocracy would be worse. Which will further destroy the country future and ordinary Nigerian.

You mean that Nigerians should continue to bear the brunt of Buhari being unable to attract investors due to lack of economic management skills, stiff economic policies and less savvy economic managers?

You mean Nigerians should bear the brunt of the massive corruption in Buhari’s kitchen cabinet? So Nigerians should overlook the serial cases of budget padding, inflated contracts and other high level corruption which were swept under the carpet?

Your analysis is impressive... only to the unsuspecting

Atiku is able to attract investors due to confidence in his management abilities and capitalist oriented policies. He handled the privatization that attracted investors to the telecom industry. He speaks and interacts fluently with investors and economic managers and he assembles technocrats who know how to get the job done, that’s why his companies are functioning profitably.

Unlike Buhari who struggles with interacting in basic terms and lacks any clear policy direction and economic management skills.

IamAtikulate:

You are a shameless liar. Do you know that $381 billion in is about 144 Trillion Naira using today's exchange rate. Nigeria didn't earn that much in 4 years. In fact, from 1958 when we discovered oil to 2016, our total oil revenue was 96 Trillion Naira.

Do you know what $381 billion in 4 years means?

Let even assume that we produce 3 million barrels every day and clears them immediately, which we know doesn't happen. Nigeria produce between 1.8 - 2.2 million barrels per day.

Let us assume that each barrel for the 4 years was sold at $150 which we all know never happened.

In 4 years, it means Jonathan sold 3 x 12 x 4 million barrels which equals = 144 million

So 144 million barrels x $150 = 21.6 billion Dollars in 4 years, and GEJ didn't earn up to that amount.

So how do you arrive at $318 billion?

Are you aware our entire GDP is about $600 billion?


I am not interested in the other lies you wrote there. You guys are pathetic. Packaging a dead man won't change our mind.

Cc:
Buhariguy

according to opec record said $381b, buhari earn $94b,
Obj and yardua earn $481b.
Even at that your calculation is wrong.

PortHardcore:


Is only Atiku and Buhari running?

yes we re voting atiku. u can throw away ur vote to anybody u like.

IamAtikulate:

You are a shameless liar. Do you know that $381 billion in is about 144 Trillion Naira using today's exchange rate. Nigeria didn't earn that much in 4 years. In fact, from 1958 when we discovered oil to 2016, our total oil revenue was 96 Trillion Naira.

Do you know what $381 billion in 4 years means?

Let even assume that we produce 3 million barrels every day and clears them immediately, which we know doesn't happen. Nigeria produce between 1.8 - 2.2 million barrels per day.

Let us assume that each barrel for the 4 years was sold at $150 which we all know never happened.

In 4 years, it means Jonathan sold 3 x 12 x 4 million barrels which equals = 144 million

So 144 million barrels x $150 = 21.6 billion Dollars in 4 years, and GEJ didn't earn up to that amount.

So how do you arrive at $318 billion?

Are you aware our entire GDP is about $600 billion?


I am not interested in the other lies you wrote there. You guys are pathetic. Packaging a dead man won't change our mind.

Cc:
Buhariguy

Your calculation is wrong. Instead of multiplying by 365days, you multiplied with 12months.

socialmediaman:


You mean that Nigerians should continue to bear the brunt of Buhari being unable to attract investors due to lack of economic management skills, stiff economic policies and less savvy economic managers?

You mean Nigerians should bear the brunt of the massive corruption in Buhari’s kitchen cabinet? So Nigerians should overlook the serial cases of budget padding, inflated contracts and other high level corruption which were swept under the carpet?

Your analysis is impressive... only to the unsuspecting

Atiku is able to attract investors due to confidence in his management abilities and capitalist oriented policies. He handled the privatization that attracted investors to the telecom industry. He speaks and interacts fluently with investors and economic managers and he assembles technocrats who know how to get the job done, that’s why his companies are functioning profitably.
[b][/b]
Unlike Buhari who struggles with interacting in basic terms and lacks any clear policy direction and economic management skills.

Pls,am laughing;If Atiku is economic genius can you explain why during his tenure with soaring oil prices,Nigeria doesn't look like Ghana?

PortHardcore:

Pls,am laughing;If Atiku is economic genius can you explain why during his tenure with soaring oil prices,Nigeria doesn't look like Ghana?

Em... can you tell me the state of the banking and telecom sectors (which maintain the highest private sector employment in Nigeria today) before OBJ/Atiku took office in 1999?

life2017:

Revenue drop is responsible for the hunger. It would have been worse with a more liberal spending govt. because we would have hit the bottom before they realise we need to control free money destroying the country.

Buhari in less than one year hiked the price of fuel from 87 to 145, meaning he made more money internally, why Jonathan was dependent on sales of crude instead of hyping the price of fuel which he inherited for 67 for a period of 6 years.

My question for Buhari mofo: is Buhari paying for subsidy or not?. Buhari is tragedy n a colossal failure with all the negative indices from NBS, CPI (curruption perception index) and poverty indices. He enjoy goodwill from Nigerians but blew it up under six months. He remove fuel subsidy, increase fuel price from #87 and sell to Nigerians #145. N he still has the guts to complain of low cost of barrel even @ $70. I put it to op that even if a barrel of fuel sells for $200, Buharist will still complain n fail 2 manage it. You can not give what you don't have. period. Note that GE.Jonathan was paying for fuel subsidy while fuel sold btw $70-$110 n sold fuel to Nigerians @ $87.

buhariguy:
according to opec record said $381b, buhari earn $94b,
Obj and yardua earn $481b.
Even at that your calculation is wrong.

My bad, just corrected that. It is 292 Billion Dollars in 4 years not $318 billion.

When you convert that amount to Naira using Jonathanian exchange rate and compare the amount Buhari exported and converted to Naira using his exchange rate, you would see for yourself.

life2017:


Your calculation is wrong. Instead of multiplying by 365days, you multiplied with 12months.

My bad, just corrected that. It is 292 Billion Dollars in 4 years not $318 billion.

When you convert that amount to Naira using Jonathanian exchange rate and compare the amount Buhari exported and converted to Naira using his exchange rate, you would see for yourself.

Again, if you consider the fact that Jonathan was selling below N87 and Buhari selling at N145, you would find out that in Naira, Buhari is making more money from oil than Jonathan.

Yet nothing to show for it.