,

Obasanjo met the petrol price 14 naira and he left it 75 naira without meaningful impacts in the lives of Nigerians, In 1999 when obasanjo left the prison he was owing 200,000 naira paid by Atiku and 8 years later, 0ta farm is worth 20billion naira, are you guys actually sane?

You all get deceived by this stupid fool who called himself Obasanjo, to hell with him and his supporters, listen to fela songs and you will know how bad and cruel this guy is.

spearman:

@ Truly.
You miss my point. My analysis has to do with pre Babangida's Nigeria. Obasanjo returned as a clever thief. In all likelyhood might be a member of the billion dollar club. My point is Babangida set the tone for this new level of corruption we have today. Before Babangida Nigerian leaders gave out contracts with an understanding that you might dash them something but not specifically demand for X amount. It was a gentleman corruption. They stole like Good Christians and Moslem's. From IBB on they took center stage in every deal and we started witnessing over inflation of contracts. That is what has made Babangida the patron saint of today's level of corruption.

I guess you lots forgot Obasanjo was once the military president after he killed murtala and overthrown him, ask maybe ur father who Ali must go is, maybe you will know more about this devil called Obasanjo

Obj has no moral temerity to cast aspersion at any corrupt leader in Nigeria.he is the biggest thief of all time.he had every opportunity to write his

name in  African history book that contain the name of a living legend like MANDELA,instead he decided to trow tax payers money around to some

useless senators and rep members for show of shame they demonstrated during his THIRD TERM SAGA.he should come and account for billions of

dollars he has embezzled when he  appointed  himself as the minister of Petroleum.he has no respect for the rule of law and he imposed shaky shaky

president and vice president on Nigerians.he should keep quiet and allow good and sincere leaders like  soyinka and Buhari to pass judgment on our

corrupt leaders.

[b]Naira Exchange Rates 1970 - 1999

Year 1 Dollar = Naira Equivalent 1 Pound = Naira Equivalent
1970 0.7143 1.7114
1971 0.6955 1.7156
1972 0.6579 1.6289
1973 0.6579 1.6289
1974 0.6299 1.4795
1975 0.6159 1.3678
1976 0.6265 1.1317
1977 0.6466 1.1671
1978 0.6060 1.2238
1979 0.5957 1.2628
1980 0.5464 (0.9 PMER) 1.2647
1981 0.6100 1.2495
1982 0.6729 1.1734
1983 0.7241 1.1216
1984 0.7649 1.0765
1985 0.8938 (1.7 PMER) 1.1999
1986 2.0206 (3.9 PMER) 2.5554
1987 4.0179 (5.9 PMER) 6.5929
1988 4.5367 (6.7 PMER) 8.0895
1989 7.3916 (10.7 PMER) 12.0695
1990 8.0378 (9.3 PMER) 16.2419
1991 9.9095 (16.7 PMER) 17.4955
1992 17.2984 (21.9 PMER) 27.8684
1993 22.3268 (56.8 PMER ) 33.2522
1994 21.8861 (71.7 PMER) 33.4252
1995 21.8861 (78.3 PMER) 34.7111

1996 21.8861 (81.8 PMER) 35.7368

1997 21.8861 (84.7 PMER) 35.7368

1998 21.8861 (88.0-90.0 PMER) 35.7368

1999 85.9800 (105.0 PMER) 137.4680 [/b]



Table 11.7 Crude Oil Prices by Selected Type, 1970-2010
(Dollars 1 per Barrel)

Year Saudi Arabian
Light-34 API Iranian
Light-34 API Libyan 2
Es Sider-37 API Nigerian 3
Bonny Light-37 API Indonesian
Minas-34 API Venezuelan
Tia Juana Light 4 Mexico
Maya-22 API United Kingdom
Brent Blend-38 API

[b]Year S/Arabia Iran Libyan Nigeria Indonesia Venezula Mexico UK
1970 1.35 1.36 2.09 2.10 1.67 2.05 NA NA
1971 1.75 1.76 2.80 2.65 2.18 2.45 NA NA
1972 1.90 1.91 2.80 2.80 2.96 2.45 NA NA
1973 2.10 2.11 3.10 3.10 2.96 2.60 NA NA
1974 9.60 10.63 14.30 12.60 10.80 9.30 NA NA
1975 10.46 10.67 11.98 11.80 12.60 11.00 NA NA
1976 11.51 11.62 12.21 12.84 12.80 11.12 NA NA
1977 12.09 12.81 13.74 14.33 13.55 12.72 NA NA
1978 12.70 12.81 13.80 14.33 13.55 12.82 NA NA
1979 13.34 13.45 14.52 14.80 13.90 13.36 15.45 15.70
1980 26.00 5 30.37 34.50 29.97 27.50 25.20 28.00 26.02
1981 32.00 37.00 40.78 40.00 35.00 32.88 34.50 39.25
1982 34.00 34.20 36.50 36.50 35.00 32.88 26.50 36.60
1983 34.00 31.20 35.10 35.50 34.53 32.88 25.50 33.50
1984 29.00 28.00 30.15 30.00 29.53 27.88 25.00 30.00
1985 29.00 28.00 30.15 28.00 29.53 27.88 25.50 28.65
1986 28.00 28.05 30.15 28.65 28.53 28.05 21.93 26.00
1987 16.15 16.14 16.95 17.13 16.28 15.10 14.00 18.25
1988 17.52 15.55 18.52 18.92 17.56 17.62 11.10 18.00
1989 13.15 12.75 15.40 15.05 15.50 12.27 10.63 15.80
1990 18.40 18.20 20.40 21.20 18.55 24.69 17.05 21.00
1991 24.00 23.65 26.90 27.80 26.50 28.62 20.00 27.20
1992 15.90 15.50 17.20 18.20 18.65 19.67 10.75 17.75
1993 16.80 16.70 17.55 18.50 19.10 17.97 12.50 17.90
1994 12.40 12.40 12.55 13.50 14.15 12.97 9.01 13.15
1995 16.63 16.18 16.05 16.15 16.95 16.57 13.77 16.15
1996 18.20 17.73 19.20 19.70 20.05 18.52 15.79 19.37
1997 22.98 22.63 24.10 24.65 24.95 26.62 19.33 24.05
1998 15.50 14.93 16.72 16.50 16.50 15.93 10.81 15.89
1999 10.03 9.83 10.65 10.60 9.95 9.45 6.38 10.44
2000 24.78 24.63 25.85 25.55 24.15 24.85 20.20 25.10
2001 20.30 20.20 22.40 22.00 22.80 22.13 15.82 22.50
2002 17.68 18.90 19.63 19.88 18.89 17.78 14.30 21.20
2003 27.39 27.85 30.40 31.16 35.03 30.25 26.29 31.36
2004 27.08 28.67 29.47 29.97 32.10 30.10 24.37 29.73
2005 31.86 33.84 38.00 38.21 35.86 35.98 26.16 39.43
2006 50.86 52.56 55.89 56.97 53.95 52.52 42.93 57.25
2007 55.94 56.28 59.22 63.28 63.87 55.57 46.98 60.50
2008 93.02 94.96 96.79 98.52 98.34 93.85 82.78 98.42
2009 35.21 35.31 36.66 39.85 36.63 35.42 29.53 34.33
2010 75.21 74.94 76.73 77.69 79.97 76.11 70.80 77.27[/b]





From the Attached Info.

OBJ in 1975 to 1979 has Naira to dollar value appreciated from 0.6159 per USD to 0.5957 per USD. This is about 3.3% Appreciation.
Average Crude Oil Price per Barrel for this same period is 13.62 USD.

IBB in 1985 to 1993 has Naira to dollar value depreciated from 0.8938 per USD to 22.32 per USD. This is about 2400% Depreciation in Value.
Average Crude Oil price per Barrel for this same period is 21.49USD

OBJ in 1999 to 2007 has Naira to dollar value depreciated from 85.98 per USD to 128.00 per USD. This is about 49% Depreciation.
Average Crude Oil Price per Barrel for this same period is 33.07 USD.

I think the result from this should speak for itself.

Any IBB boys with stronger reason is welcomed on board.

IBB is not suppose to be coming out to context as a presidential aspirant. Because he spend eight as a military president and he annualled June 12 election. Can we trust him with our votes? Someone should advise him to step aside.

Olaolufred:

From the Attached Info.

OBJ in 1975 to 1979 has Naira to dollar value appreciated from 0.6159 per USD to 0.5957 per USD. This is about 3.3% Appreciation.
Average Crude Oil Price per Barrel for this same period is 13.62 USD.

IBB in 1985 to 1993 has Naira to dollar value depreciated from 0.8938 per USD to 22.32 per USD. This is about 2400% Depreciation in Value.
Average Crude Oil price per Barrel for this same period is 21.49USD

OBJ in 1999 to 2007 has Naira to dollar value depreciated from 85.98 per USD to 128.00 per USD. This is about 49% Depreciation.
Average Crude Oil Price per Barrel for this same period is 33.07 USD.

I think the result from this should speak for itself.

Any IBB boys with stronger reason is welcomed on board.

This just show how narrow Nigerians are, we all angry that these guys are evil and bad for the society but instead of trying to do away with them both we are looking for the one who stole less or who did better while doing the evil deeds they committed, SMH


Both of them are not even meant to be in public anymore but Nigeria society has being bastardized that good pple like wole soyinka and chinu achebe are push to the sides and these fools are the ones making headlines, SMH alll over again

Both of them are tragedy to our great nation

I love OBJ, I don't think many could have done beta in his shoes, it mustn't have been easy all those dogs scrambling for positions to gorge themselves on and he keeping them at bay. I still no gree say the Otta farmer stole TOO MUCH or any degree comparable to IBB's.

Very true. OBJ is grossly misunderstood. He made mistakes yes. But majority of people criticising him base their conclusions on opinions expressed in the Sun newspaper.

He did not steal anywhere near as much as any of the leaders before him (with the exception of Buhari perhaps).

truly:

I don't like IBB and neither do I like Obj
I still believe that Obj is WORSE than IBB

Please remind us the good things that Obj did
and I will tell you the good things that IBB did

Ohhhh, I hope you are not re-counting the death of Dele Giwa, Gloria Okon, Vatsa as achievements of IBB. Be careful

deji.ariyo:


This just show how narrow Nigerians are, we all angry that these guys are evil and bad for the society but instead of trying to do away with them both we are looking for the one who stole less or who did better while doing the evil deeds they committed, SMH


Both of them are not even meant to be in public anymore but Nigeria society has being bastardized that good pple like wole soyinka and chinu achebe are push to the sides and these fools are the ones making headlines, SMH alll over again

Deji.Ariyo,

You thinking is as good as mine. OBJ is a thief compare to Gowon, but a saint compare to IBB. When not compare to anyone, he remain a thief.

But you shoul note that OBJ is out of the show now. He can not rule Nigeria again.

But also, what would IBB who did sooooo badly still be thinking of doing in power?

I am not an OBJ fan, but IBB boys should know that we can not be fooled.

I repeat, If they have stronger reason, they should showcase it to the world.

any supporter of IBB is my enemy!
once beaten twice angry!

Note: For the first time in 1980, PMER(Parrallel Market Exchange Rate) surfaced in Nigeria.

Between 1981 and 1984, it vanished.

But as soon as Maradondo got power, PMER becomes a lucrative business, Why?

Maradondo knows all the gimmicks he played to bring Nigeria to where we are today.

But for IBB boys, We ( Nigerians) can not be fooled the second time.

Can he eat his cake and have it? Nooooooooooooooooooooooo.

@ post both of them should go and hide in shame

spearman:

@ Truly.
You miss my point. My analysis has to do with pre Babangida's Nigeria. Obasanjo returned as a clever thief. In all likelyhood might be a member of the billion dollar club. My point is Babangida set the tone for this new level of corruption we have today. Before Babangida Nigerian leaders gave out contracts with an understanding that you might dash them something but not specifically demand for X amount. It was a gentleman corruption. They stole like Good Christians and Moslem's. From IBB on they took center stage in every deal and we started witnessing over inflation of contracts. That is what has made Babangida the patron saint of today's level of corruption.

In Nigeria, New trends are always traceable to a championate.
Fuji may be Barristar
Juju to Sunny
Afro Juju to Shina Peters
Pop music to may be Okotie
Commedy business to Ali Baba.

Corruption is unarguably for IBB. Even IBB supporter's dead parents will get this if given the question in heavenly UTME.

But pitiable that their living children still dont understand.

OBJ was a poor politician, vindictive, sometimes ill tempered, but he still remains Nigeria's best president till date. Though some may argue that the good policies under OBJ were engineered by El-Rufai (But then U still have to credit him at least for recruiting a good hand).

IBB BUILD FIVE UNIVERSITIES OF TECHNOLOGY - YOLA, MINNA, OWERRI,AKURE,BAUCHI

IBB ALSO BUILD PORTHARCOURT REFINERY,

AJAOKUTA STEEL

KAINJI AND SHIRORO

THIRD MAINLAND BRIDGE,

ABUJA ETC OBJ WHERE IS YOUR WORK

@Truly

I totally understand yr position and your anger may be justified, considering that the south east did not much benefit from the little growth we had during the OBJ years, but you still cannot argue with confidence that OBJ was a bad president.
This is a guy that made sure we paid our debts, saved 20 billion dollars within 8 years from the excess cude account. All of which Yardaua spent in 2 years, and we are now owing again (But we don't speak ill of the dead). I personally believe that OBJ made these comments to pave way for his annointed (GEJ) whic to me is counterproductive, considering the fact that GEJ seems clueless.

@Vicknesh
People like you don't understand the work of government, which is to create the enabling environment with adequate programs and legislation. It is not the work of government to start companies that they cannot manage (Government should get out of business completely). Which of the stuff either Universities or refineries will not fare better if handled by private firms. They easily deceive people like you with a few projects, which are intended to siphon money.

why is this pot calling this kettle black? I cannot and will not choose between the two loters. Two of a kind.

vicknesh:

IBB BUILD FIVE UNIVERSITIES OF TECHNOLOGY - YOLA, MINNA,[b] OWERRI,[/b]AKURE,BAUCHI

IBB ALSO BUILD PORTHARCOURT REFINERY,

AJAOKUTA STEEL

KAINJI AND SHIRORO

THIRD MAINLAND BRIDGE,

ABUJA ETC OBJ WHERE IS YOUR WORK

Your Mama there, thunder fire you and IBB

If a lot of people still prefer Obj to IBB,then IBB is a taboo to Nigeria which we must stop by all means.

Crap v. Crap

Why should we compare the two when they are both the same?

MaziUche0:

Crap v. Crap

Why should we compare the two when they are both the same?

ZUBBYNWA:



Your Mama there, thunder fire you and IBB

U SEEM TO LIKE  OBJ BECAUSE HE IS ALSO FUCKING YOUR MOTHER THE WAY HE WAS FUCKING GBENGA HIS SONS WIFE, ANYWAY MY REGARD TO YOUR MUM I WONDER IF SHE COULD TRY YOUNG DICK LIKE MINE, ?

ZUBBYNWA:



Your Mama there, thunder fire you and IBB

U SEEM TO LIKE  OBJ BECAUSE HE IS ALSO FUCKING YOUR MOTHER THE WAY HE WAS FUCKING GBENGA HIS SONS WIFE, ANYWAY MY REGARD TO YOUR MUM I WONDER IF SHE COULD TRY YOUNG DICK LIKE MINE, ?

From a concrete perspective, the duo have their native from one flock and fold but IBB is a bundle of damages. Nothing good about him; not to mention his offspring _ gravely dangerous.

OBJ is the worst. I think he is at par with IBB

Have people forgotten the $16bn for Power project?

Odi and Zaki Biam?

Bola Ige?

OBJ and IBB are curses to this nation

Who said IBB brought corruption?

Have you heard Felas song about 2.8bn Naira Oil money missing?

That was 2.8 billion naira when naira was equal to Dollar. I believe 2.8 bn In 1979 = $12bn in 1992 when you factor inflation

DURING OBASANJOS FIRST TENURE FELAS MOTHER WAS KILLED BY SOLDIER WHICH OBJ CLAIMED WERE UNKNOWN SOLDIERS

OBJ IN HIS FIRST REGIME STOLE 2.8BILLION NAIRA FOR REFERENCE LISTEN TO FELAS SONG ABOUT IT

OBJ KILLED BOLA IGE, HARRY MARSHALL, CHUBA OKADIGBO AND EVEN STELLAS DEATH LOOKS LIKE SHE WAS SACRIFICED

16BILLION DOLLARS POWER FUND

THIRD TERM AGENDA

IMPOSITION OF THIEFS AS GOVERNORS eg ALAO AKALA, GBENGA DANIEL, SEGUN ONI, AGAGU

ABOVE ALL SLEEPING WITH HIS SONS WIFE haba this man is more devilish than ibb

Wayo man jam cunning man!
To pick the lesser of two evils- I'd pick OBJ.

In retrospect, OBJ performed creditably well. I'd score him like 55%, though he had several conflicts of interest.
Give it to him- he stabilised the country and moved us some steps forward.

I'm not sure we've made any progress since 2007.