p3ndy79:

First, she sent a budget to the National Assembly, with $78 as benchmark, at a time when the price of crude oil was already sliding downwards. We told her $78 was unrealistic; she stuck to her guns. Second, when crude came down to under $80 per barrel, she sent her “more realistic” budget based on $73 per barrel. Again, we cautioned that the figure is still unrealistic. As fate would have it, the price of crude oil fell below $73 per barrel the day after she was beating her chest about presenting a “more realistic” budget...........

ibedun:


wonder where she is from........... Yeah time to get off with her ruined reputation

p3ndy79:

Heard the ministry of Finance is preparing another benchmark of $65 to present to the national assembly when they reconvene.
Clearly her performance under OBJ is a far cry from her 5years or so under GEJ. Her forecast and plain concealing of outright corrupt acts by cronies and goons of the government has led nigeria to where we are now.
She introduced the ECA to OBJ and saw to it that there was enough funds in that account infact the ECA was competing with our foreign reserves until the $12bn debt buy out from the Paris club.
Now, same ECA has just $2.1bn in its accounts and crude oil never sold as high as it did in the last 5years until last 2months and nigeria as a country had undisrupted crude output unlike the niger delta militancy OBJ and Yar Adua had to contend with.
Where did all the monies go to? How can a Nation be held hostage by crooks and rogues.

pendy79:
Can the government tell Nigerians where the unprecedented oil earnings in 5years went to?

The Governors Forum lamenting about shortfall in Allocation to states yet no fall in price of crude then all FG said was oil theft and bunkering is affecting output, yet Tompolo's Global west is earning 5.6billion monthly monitoring the water ways , Asari Dokubo too is collecting pipeline security contract N building University in Benin republic with his own share. Yet oil theft and bunkering has never been this massive until GEJ. imagine the Nigerian Navy earning the close to 8billion naira this two ex militants monthly and what the Navy would have achieved.

Sovereign wealth fund has just $1bn investment since last year we have no heard return on investment on it till date,

If the money is not in our road network, in power generation anD distribution, in increase salaries for civil servants, in bigger revenue sharing formulae to the states AMD local governments, in the foreign reserves, in the sovereign wealth fund she established, in industrial and rapid urbanization of the country etc, pls where is the monies that accrued to the Federation if our economy could be this jolted in just few weeks of oil price slump.

Naira didn't rise when crude oil was selling for 166$/barrel but crashed by more 30% in just 2months of oil slump . Forget the N168 to 1$ mentioned by the CBN governor he is just hallucinating, 1$ is trading as high as 191N as at yesterday .

Where did the monies go?

pendy79:
Can the government tell Nigerians where the unprecedented oil earnings in 5years went to?

The Governors Forum lamenting about shortfall in Allocation to states yet no fall in price of crude then all FG said was oil theft and bunkering is affecting output, yet Tompolo's Global west is earning 5.6billion monthly monitoring the water ways , Asari Dokubo too is collecting pipeline security contract N building University in Benin republic with his own share. Yet oil theft and bunkering has never been this massive until GEJ. imagine the Nigerian Navy earning the close to 8billion naira this two ex militants monthly and what the Navy would have achieved.

Sovereign wealth fund has just $1bn investment since last year we have no heard return on investment on it till date,

If the money is not in our road network, in power generation anD distribution, in increase salaries for civil servants, in bigger revenue sharing formulae to the states AMD local governments, in the foreign reserves, in the sovereign wealth fund she established, in industrial and rapid urbanization of the country etc, pls where is the monies that accrued to the Federation if our economy could be this jolted in just few weeks of oil price slump.

Naira didn't rise when crude oil was selling for 166$/barrel but crashed by more 30% in just 2months of oil slump . Forget the N168 to 1$ mentioned by the CBN governor he is just hallucinating, 1$ is trading as high as 191N as at yesterday .

Where did the monies go?

tit:

when your governor cannot pay you lasma goons the little stipend he drops for you,
ask him what he did with your state's share of the oil boom.
Nigerian governors decided to share everything that was in the federation account and resisted every advice to keep more reserves and trim down costs.
After emptying the federation accounts, the foolish governors still did not create a rainy day fund for their states!
Egged on by pot-bellied, lootocratic beaurucrats, they spent all the money on phantom and white elephant projects like Fayemi's 50-million-dollar bed!
Now there is less money in the federation account, they should not cry wolf to anybody.
[size=18pt]they can only stare at fayemi's 50-million-dollar bed and governor ajimobi daughter 3-million-dollar dress![/size]

p3ndy79:
Tit abi what did you use as your moniker? I hate being quoted by people who can't project their brainal matter into matters at hand.

Ajimobi as an individual can afford to buy 10million naira cloths for his daughter, fayemi's 50million naira bed exist in the figment of your imagination, don't even go near fashola, the governors were asking for their statutory allocation that were significantly reduced yet crude prices were going higher then not that ECA should be shared.

Can you stick to topic now?

p3ndy79:
The professor lost every iota of respect I had for her the moment she agreed that $10.8bn is unaccounted for by the NNPC and she had engaged auditors to audit their account.

8months after her so called audit exercise the missing monies have not yet waka come back and the auditor's report Nigerians have not seen.

Can this be a case of bad company corrupting good manners?

A yoruba adage says " a sheep that makes friendship with dogs will equally eat poo"

naijaking1:


You almost fooled me into taking you for some serious economist, now I see from your APC perspective, Good luck, you deceive no one speaking from both sides of your mouth.

mgbeketoto:
Useless people. . . .Useless continent!

gtrust:
Ok

When Amaechi and his evil governors' forum were fighting Ngozi you didn't "predict"

When Ngozi was insisting on Excess Crude Account you didn't "predict"

When Ngozi was shouting for Sovereign Wealth Fund you didn't "predict"

When Ngozi was giving out incentive to people to go into Agriculture which today is booming you didn't "predict"

When Ngozi told everybody to expect "a time like this" years ago you had not starting "predicting"

Boring!!!!

gsainttrinity:


Ngozi may not be an Angel and her Sins unpardonable but some dude that Obviously finished university through sorting and cheating should spare us that useless and crapy article. What's the point? Before you send her packing send us someone who would do a better Job or 'go get a life' and stop criticising something you have no idea of..

Mtcheeeew!

(modified)
i quoted this post because i agree wit d point. . But my response is for the Op and the writer of that Article

tit:


we are all frustrated.

gtrust:


What those kids don't understand is: "the politics of benchmark for Nigerian crude"!
Left to Ngozi it will be $50/barrel but who will cry 1st = Governors!!!

Amaechi cried everyday and said all sort of unprintable things but what's happening today Ngozi was right!!!!!

mgbeketoto:



I am not!

tit:


i said it!
you will say she was wearing 3 million dollar dress since she was born.
show me picture of er wearing 1million dollar dress before her father enter government work?

tit:

look at her!
she is beautiful!
ajimobi daughter!
wearing $3-million-dollar dress!
oyo people's money!

deeptechcool:


guess u forgot to read the headline before commenting.. I know where you are going though.