FOLYKAZE:


You should rather educate yourself maybe you will make some sense.

With the benchmark bullsshiiit, GEJ sold Oil at excess price. What did he do with the Excess fund?

When Oil was selling below 70 dollars, GEJ borrowed money to pay Salary.

Buhari paid whooping N658 billion as a bail out fund for states and have never borrowed from outside to pay salary even when oil was selling @ below 30 dollars.




You think everyone is clueless like the fedora hatman who under his watch trillions was unaccounted for, misappropriated, mismanaged and delibrately stolen?

One do not need a Soothsayer to tell you GEJ is clueless. We know how he watched billion flies when he was acting president. People did not trust him which was the reason subsidy removal was fight down in 2012. We know how he supported and embraced corruption with his body language and words. Can that be said of PMB? Nope.

PMB blocked loopholes immediately he came into office. Now we know stealing is corrpution. Corruption is not tolerated and note, you will be disappointed.

2months ago the sgf babachir lawal said the fg is borrowing 600billion naira to pay salaries, so ur first lie is cancelled.

buhari blocked loopholes but still travel to china for loans.

stealing is corruption, its a pity we now have semi literates as graduates.

buhari is not corrupt but devalued naira technically without informing nigerians esp zombies like u.

once again gej was bad cos he stole niger delta oil money n not groundnut abi cocoa proceeds, buhari is worse cos he loots oil money from niger delta without d money showing in him.

buhari is a useless, lanky, thin, tiny zombified thief.

koboko69:


You are a liar

The Blame Game at Its Finest: 21 Times Obama Has Passed the Bucks

Read more: http://www.thepoliticalinsider.com/the-blame-game-at-its-finest-21-times-obama-has-passed-the-buck/#ixzz49c3gPmFX
http://www.thepoliticalinsider.com/the-blame-game-at-its-finest-21-times-obama-has-passed-the-buck/

This lame arguments ate really pathetic

Obama was never a failure. He turned US economy around. He never hid behind Bush failures to hide his own incompetence. He was competent and delivered.

Buhari on the other hand, up till now has been an epitome of failure.

Ariani:


Obama was never a failure. He turned US economy around. He never hid behind Bush failures to hide his own incompetence. He was competent and delivered.

Buhari on the other hand, up till now has been an epitome of failure.

Mtcheeeeew. Typical of ekpas. Now i provided a link to back up my arguments, this is what u can put forward?

I guess Obama transformed the economy in one year .

How u people reason baffles me. Comparing Obama who is about leaving the white house after how many years? With Buhari who will just be in 1 year in office May 29.

You better shift!

Igbiboi:



You're a m.oron. The question should be: is anyone expecting Buhari to pay down de debts immediately. Are these 'debts' not amortized over a period of time? Why're the sai baba chanters so empty? Why're you guys always feeling insecure? To be honest, if you continue like this Buhari will record de worst govt in history of humankind, even Zimbabwe will be a haven compared to what will happen in Nigeria.

Gosh! Buhari should just go to work, a man never complains of any situation he finds himself. Obasanjo met a broken system, he never complained like de dullard, he instead tried his much and dashed out, also year-Adua, and GEJ met a broken system and each tried his best. One year after inauguration Buhari is yet to make any progress except to keep pointing accusing finger. Shame on you!

Must you insult someone before driving home your points?

plaetton:


Please go back and read the posts carefully one by one.

Pls kindly tell me any statements that I have made here for which FACTS are lacking.

Remember, the bone of contention here is his deliberately false claim that Buhari inherited $63b in external DEBT.
That , is the issue nin contention.

I have provided the FACTS that Nigeria's external DEBT stood between $6.5 to $10b since 2008,_before GEJ became president, reaching it's peak during the 4th quarter of 2015, when Buhari was in power.


These are the FACTS.

So far, NO ONE has denied or refuted these plain FACTS.

What else , what other facts exactly are you expecting from me.

This is why I keep emphasizing on comprehension comprehension comprehension.

Bros! sentiments aside, the GEJ led gov't have been clamoring for senseless loans. i can remember clearly when some were rejected by the legislators after previous being approved.
my point is, what is the loan for when your economy is not threatened? neither were they sensible enough to save for rainy days. rumor has it that they were preparing for more borrowing when the crude price suddenly crash.
Now ask yourself this simple question, how would this country be if the PDP led gov't won the seat of power and lead for some few years with poor value for our resources (oil), taking cognisance the nature of there excesses with public funds?
Buhari isnt the best but at the moment he is trying to save the country. i cant say he is doing well with aggresive measures being taking so far, neither can i say he's doing Bad but rather, i am confident that he's giving his best withing his abilities and NONE is for self interest.
i drop my pen!

koboko69:


Mtcheeeeew. Typical of ekpas. Now i provided a link to back up my arguments, this is what u can put forward?

I guess Obama transformed the economy in one year .

How u people reason baffles me. Comparing Obama who is about leaving the white house after how many years? With Buhari who will just be in 1 year in office May 29.

You better shift!

Right from the start, Obama always looked a bright prospect and he hit the ground running fast and furious.

First one year of an administration gives an insight of what the administration will achieve,as its the stage of policies formulation.

Everything about Buhari government have failure written all over it, and the more he fails, the more he would draw attention to perceived GEJ shortcomings to deflect attention on his incompetence, not that he needs to do that anyway, as his fanatics would support him no matter what.

Why is there scarcity of dollars in Nigeria? Simply put Nigeria is not earning enough dollars to go around.
Why is Nigeria not earning enough dollars like before? Nigeria's primary source of dollars is crude oil and the prize is down at the moment.
Was there a time the crude oil prize was high? Yes it averaged $130 for over five years.
What did Nigeria gain from the high prize? It is obvious that Nigeria did not save for the rainy day like other oil producing countries including Venezuela etc.
To be continued...

Ariani:


Right from the start, Obama always looked a bright prospect and he hit the ground running fast and furious.

First one year of an administration gives an insight of what the administration will achieve,as its the stage of policies formulation.

Everything about Buhari government have failure written all over it, and the more he fails, the more he would draw attention to perceived GEJ shortcomings to deflect attention on his incompetence, not that he needs to do that anyway, as his fanatics would support him no matter what.

U Started with Obama never blamed Bush, i gave u facts, now u are singing a different song from your own imaginations. O have no time for this....plz excuse me

koboko69:


Which kian people be this one? Is Okonjo's denial not stated clearly in my original post?

What exactly is your point is what i am asking?

Why are u guys using the debt issue as a diversion from the real point of the thread.

You guys are very unbelievable. There are other salient points, yet you guys are capitalizing on just one.

Gosh!!!!

Let's look at d subsidy claim point; on y it rose to 2trillion
Even this govt. realises it can't fight corruption in subsidy payments, its best to remove it, GEJ in 2012 tried removing it but was resisted vehemently.
One thing d last govt. solved was d intermittent fuel scarcity that used to plague d country, but doing that came at a cost
At high crude price, u'll expect fuel price to rise cuncurrently n so did subsidy claims per litre of fuel.
Statistics gave daily consumption of 40 to 70 million litres/d, do d maths on subsidy claims for a year.

Why couldn't they save much?
I guess much money was spent on d Power project; building power plants etc n d North East was virtually at war; that was a problem inherited from the yaradua regime by d killing of Mohammed Yusuf, Nigeria never experienced such insurgency so it cost a lot in terms of logistics, equipments etc (d govt.; NE, was truly made ungovernable). By d time elections came, voting could take place even in villages in Maiduguri; so d battle had largely been won before handover. Also d foreign reserve was used to defend d naira through those periods n d ECA was shared to d different state governors; d last time I checked d case was even in d supreme court.

I'm not praising d past govt., but they did what they could considering d prevailing challenges at d time.
Now this government has come in, tell me things haven't gone bad? Nigeria is in recession already! The past govt. foresaw hard times n warned ahead of time, even making plans to combat it by introduction of IPPIS n TSA which would help reduce recurrent expenditure n block leakages. With d introduction of TSA n oil price of 48 dollars a barrel we shouldn't be in this state if d right economic policies r put in place but we r faced with a situation were there's galloping inflation, retrenchement of federal govt.staff, payment of half-salary to some staff, not to talk of states owing months of salary, power supply at an all time low.

We ought to hold d government responsible for what we're going through, there's not much burden on d government like it is in other countries where they provide light, water, gas etc to d citizens. This govt. met oil production at 2.2 m barrels/day n due to wrong policies caused it to crash to 1.4m b in this auster times. Where r we heading to? projections from analysts aren't encouraging n we expect them to sit up, get a good economic team in place n get things moving.

plaetton:


Another problem with ignoring facts in favor of innuendos.

Fact 1. She became a finance minister when Nigeria was heavily burdened with DEBT. Yes or not?

Fact 2. She spearheaded the economic reform programs of OBJ. Yes or not.

Fact 3. She was the point person in the negotiations with the London and Paris club of creditors. Yes or not ?

Fact 4. They were successful in paying off and writing off Nigeria's $38b DEBT to the London and Paris club of creditors. Yes or not?

Fact 5. Nigeria's economy greatly improved thereafter.
Yes or not?

Fact 6. She deserves credit for the aforementioned improvement in Nigeria's economic fundamentals.
Yes or not?

And so, your reluctance to give her due credit is based on what, sir?

and you think the previous finance minister that used 4years played no role? cbn(soludo) played no role?
as opined by a poster on this thread, often times, arguments on this platform is useless because we are just too unusually sentimental to a cause, without considering either it's right or wrong, probably due to ethnicity, religious beliefs or political affiliation.
No one is taking away anyone's credit, but you can't prove it to me that she turned a battered economy around under 3years without recourse to the actions of a predecessor that used 4years uninterrupted, if you claim why was he not reappointed, then we can then ask why was she redeployed, we can also go further to ask why such prowess could not be replicated when given another opportunity with freedom to set things at her own pace? so many questions you know you can't provide answers for

FOLYKAZE:
I have argued on many occasions with my boss who is a fanatical PDP fan and Hausa hating tribal bigot that situation at the moment is not Buhari's fault but stem from absolute mismanagement and massive looting from past government which causing massive hit on our economic system. The wastage and spending spree by GEJ and his croonies make things worse. He is a visionless, clueless and hardened crook. He cared not about saving during the raining days. A small ant is wiser than he is.

But, do I need to continue arguing with a blind person? Make them con sack me wey another oppourtunity no dey?

I often put Government economics with that of private individual on parallel lines. A man who earned 147,000 as a monthly salary will have to take harsh decision when his salary falls to 27,000. Therefore, in order to save face and escape the hard condition, he has to save for the doom days. The standard of living when earning is 147k will be incomparable when earning falls to 27k. So one needs to preprae by saving for the doomdays.

Now on the Government part, Yaradua saved us from experiencing harsh condition in 2008-2009 by saving whooping 67b dollars. He took advantage of the oil boom and saved for the oil fall. His efforts sustained the nation for months running to a year period. This is a man with vision.

Jonathan came in with his voodoo economic team lead by World Bank puppet NOI. They had chances of saving when price of fuel rises to it peak but wasted their oppoutunity. They stole, wasted and shared among themselves our resources and reserve. When oil was selling below $60/barrel, Nigeria was borrowing to pay salaries. This is to show the damages caused on our reserve. We are exposed to harsh hit.

Buhari is a good manager. Even when Oil fell below $30/barrel, he didnt borrow to pay salaries like the fedora hatman did. The damages done to the economy is beyond imagination but he is doing more than enough taking his time and energy to keep us in balance. Nigeria would have been swept away if GEJ had won. I believe in Buhari with time will put Nigeria back on tracks

this is crap. 5yrs of Gej Nigeria only had good records economically he never drove us to recession like buhari has. Buhari is a terrible manager because he terribly managed the economy and has SUCCESSFULLY distributed POVERTY. if six years abi five years of Gej Nigeria wasn't"swept" away what ll make us think it would have been"swept" away? Buhari is killing us take it or leave it

koboko69:


Mtcheeeeew. Typical of ekpas. Now i provided a link to back up my arguments, this is what u can put forward?

I guess Obama transformed the economy in one year .

How u people reason baffles me. Comparing Obama who is about leaving the white house after how many years? With Buhari who will just be in 1 year in office May 29.

You better shift!

in Obama's first year Americans didn't suffer like this

Etern:

Was there a time the crude oil prize was high? Yes it averaged $130 for over five years.
To be continued...

Crude price rises n falls but averaged 99 dollars between 2010 and 2014 (5yrs) check your data, this exagerations wouldn't help
http://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/
By 2015 it had dropped to 49 dollars (averaging 90 dollars btw 2010 to 2015)
D Excess Crude Account was shared to d different state governments, hold your state governor accountable, mine made reasonable use of it in d state.

OlujobaSamuel:

and you think the previous finance minister that used 4years played no role? cbn(soludo) played no role?
as opined by a poster on this thread, often times, arguments on this platform is useless because we are just too unusually sentimental to a cause, without considering either it's right or wrong, probably due to ethnicity, religious beliefs or political affiliation.
No one is taking away anyone's credit, but you can't prove it to me that she turned a battered economy around under 3years without recourse to the actions of a predecessor that used 4years uninterrupted, if you claim why was he not reappointed, then we can then ask why was she redeployed, we can also go further to ask why such prowess could not be replicated when given another opportunity with freedom to set things at her own pace? so many questions you know you can't provide answers for

If Buhari turns the economy around any time soon, will he and his minister of finance not take credit for it , irrespective of what previous groundworks laid by previous administrations before him?

I don't really know what your argument is about.
And then you talk about being sentimental ?

Give credit where and when it is due and likewise apportion blame where and when it's due.

She was deployed because she disagreed with Obasanjo on some fundamental economic issues.

She has said that much.
OBJ has said that much.

Just last month or so, in his latest book, OBJ said that NOI was first consideration for Buhari's running mate, to help Buhari run the economy, but that she politely declined.

If that is not a vote of confidence by a person in the know, then I don't know what is.

plaetton:


Lol.
Charity starts at home.
If Buhari can't persuade his APC comrades to CHANGE, then for whom is CHANGE?

How much has he recovered from Amaechi, for good example?

I actually encourage the hanging of economic saboteurs and looters.
It is the hypocrisy that betrays this administration's efforts as fake and ill-motivated.

I have challenged many of you Wike puppets ,cos his propaganda has clearly destroyed una reasoning, to expose or take Amaechi who no longer enjoy any immunity to court but you folks are scared to hell of what I do not know. With all the pre -election boastings n chest beating by Wike of locking the air,water,land of Rivers to capture a -would- be escaping Amaechi thereby painting a false Robbin Hood scene in the minds of unthinking lads like you, one would have thought that Houdini would have been bold enough to take Amaechi to law courts not the kangaroo arrangement that 1 of the chairpersons has discredited openly as Wike's smear tool . Why is Wike n you educated buffyies afraid to approach the courts with una ' evidence' as a SERAP is doing to Okonjo Iweala n d FG using the FOI leeway presently? can't you take EFCC to court if he is foot dragging in investigating Amaechi? we give you the go-ahead , embarrass the president and this government with incontrovertible evidences of Amaechi's misdeeds, not some watery insinuations and bogey allegation a rogue governor employs to gag your thinking.
Cowards!

plaetton:


If Buhari turns the economy around any time soon, will he and his minister of finance not take credit for it , irrespective of what previous groundworks laid by previous administrations before him?

I don't really know what your argument is about.
And then you talk about being sentimental ?

Give credit where and when it is due and likewise apportion blame where and when it's due.

She was deployed because she disagreed with Obasanjo on some fundamental economic issues.

She has said that much.
OBJ has said that much.

Just last month or so, in his latest book, OBJ said that NOI was first consideration for Buhari's running mate, to help Buhari run the economy, but that she politely declined.

If that is not a vote of confidence by a person in the know, then I don't know what is.

NOI ran the economy well indeed! Economics without character a la NOI. She is the most wonderful economist and Finance Minister ever liveth who supervises the greatest and most heinous heist on her country! you can't erase that from her résumé, can you?

plaetton:


Correction.
Op did not show any FACTS.
If he had done so, we wouldn't be having this discussion.

The OP made innuendos, made reference to a false statement credited to an Administration spokesperson.

FACTS are truths, especially when they are in numbers.

If you have been this following this thread , you will notice that I have refuted his bogus figure of $63b external DEBT left by Jonathan simply by educating him on difference between external DEBT and Total DEBT stock ( internal and external DEBT combined). It is simple elementary school arithmetic.

I also showed him that Nigeria's external DEBT has stood at an average of $6.5b to $10b since 2008, before Jonathan became the President of Nigeria.

The OP doesn't dispute those FACTS.

Do you ?

If the OP was initially mistaken on his figures, he should be humble enough to own up and make the correction.

This would save us all this merry-go-round.

The problems with these die hard Buhari supporters is cognitive dissonance. So they feel a compulsion to invoke Jonathan whenever cognitive dissonance sets in about the many bunglings of their adopted Messiah.

It is a pitiful state of mind.

So all this your noise from front page has been because the OP lumped external debt and internal debt together na wah for nitpicking o.

For me the point of the OP was that [/b]we had a large Excess crude account during the past 6-8 years which the previous government had been relying on to cushion the effect of the harsh economic environment.[b]
Now that is gone, so we have no cushion. Do you disagree with this point?

plaetton:


If Buhari turns the economy around any time soon, will he and his minister of finance not take credit for it , irrespective of what previous groundworks laid by previous administrations before him?

I don't really know what your argument is about.
And then you talk about being sentimental ?

Give credit where and when it is due and likewise apportion blame where and when it's due.

She was deployed because she disagreed with Obasanjo on some fundamental economic issues.

She has said that much.
OBJ has said that much.

Just last month or so, in his latest book, OBJ said that NOI was first consideration for Buhari's running mate, to help Buhari run the economy, but that she politely declined.

If that is not a vote of confidence by a person in the know, then I don't know what is.

am not denying her of any credit.
2. I never said she was redeployed because she was incompetent, I gave a premise start with "if"
3. obj was talking about 2011 election not 2015.
kindly read and understand, you are bringing up issues not expressed nor implied in my comment.

wordychap:

Crude price rises n falls but averaged 99 dollars between 2010 and 2014 (5yrs) check your data, this exagerations wouldn't help
http://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/
By 2015 it had dropped to 49 dollars (averaging 90 dollars btw 2010 to 2015)
D Excess Crude Account was shared to d different state governments, hold your state governor accountable, mine made reasonable use of it in d state.

[/b]50%[b] was shared to state governors. What happened to the rest

saintfederic:
in Obama's first year Americans didn't suffer like this

Abeg u guys should shift. What kind silly comparison is this. Comaparing a developed country to a developing country

honeychild:


So all this your noise from front page has been because the OP lumped external debt and internal debt together na wah for nitpicking o.

For me the point of the OP was that [/b]we had a large Excess crude account during the past 6-8 years which the previous government had been relying on to cushion the effect of the harsh economic environment.[b]
Now that is gone, so we have no cushion. Do you disagree with this point?

God bless u o. I have repeatedly said this. He rather have been abusing and trying to be smart with words. I even asked, weather lumped or not, was the debt inherited? Asides that, i asked why he is deliberately shifting focus from the main point of the thread and keying in to only the debt aspect, he started rolling around again. Am not wasting my time with him anylonger. He eveb did hisnoen censors, as per why subsidy claims ballooned from 320bn dollars to 2 trillion naira.

honeychild:

[/b]50%[b] was shared to state governors. What happened to the rest

The law mandates that proceeds of ECA be shared
That's y d Governors took d FG to court n insisted that ALL of it be shared: NOI n GEJ pleaded that only 1b dollars be shared but they refused.
At d end it was All shared.

So with all the fire for fire for this thread i just siddon for first page and this thing no hit Fp.

Lalasticlala mynd44 super boss seun Dominique wetin happen na?

wordychap:

The law mandates that proceeds of ECA be shared
That's y d Governors took d FG to court n insisted that ALL of it be shared: NOI n GEJ pleaded that only 1b dollars be shared but they refused.
At d end it was All shared.

Enough of all this abeg. This have been thrashed several times. Govs insisted the money be shared simplu cos Okonjo and Jonathan were dipping their hands into it. Imagine withdrawing a whopping $2bn without the gov's knowledge and claiming Jonathan approved the withdrawal to pay for subsidies. The question still remains, what happened to the FG's Share of 52%.

prince088:
So with all the fire for fire for this thread i just siddon for first page and this thing no hit Fp.
Lalasticlala mynd44 super boss seun Dominique wetin happen na?

Maybe its not FP worthy

koboko69:


Enough of all this abeg. This have been thrashed several times. Govs insisted the money be shared simplu cos Okonjo and Jonathan were dipping their hands into it. Imagine withdrawing a whopping $2bn without the gov's knowledge and claiming Jonathan approved the withdrawal to pay for subsidies. The question still remains, what happened to the FG's Share of 52%.
Maybe its not FP worthy

Go back to d achievements of d GEJ/Sambo regime, things done with d money r too numerous to mention
https://www.nairaland.com/2117791/achievements-jonathan-sambo-administration-pictures
even at that 2b dollars was left for buhari in ECA and over 1b dollars in SWF

wordychap:

Go back to d achievements of d GEJ/Sambo regime, things done with d money r too numerous to mention
https://www.nairaland.com/2117791/achievements-jonathan-sambo-administration-pictures
even at that 2b dollars was left for buhari in ECA and over 1b dollars in SWF

Oga am tired of senseless back and forth argument. You are just spining up and down without any defined direction. Have a good day!

koboko69:


Have a good day!

Good

Too long....can't read...!

Gej is a thief

Even if I no pray for you, you will prosper but let me still pray for you. E go beta for you and your family.

plaetton:


Op.

You are a big liar.

As of October 2015, Nigeria's external debt stood at around $10b.
In FACT, $8b to $10 had been the average since 2008, long before Jonathan became president.

Therefore, Jonathan did not increase Nigeria's external debt by any significant amount.

It is on record that the current minister of finance is using Nigeria's very low DEBT to GDP ratio as a justification for seeking more external loans this year.

In your lopsided analysis, selective amnesia didn't allow you mention that OBJ inherited a Nigeria that had completely collapsed economically and politically.

He inherited a mere $3b in reserves and $38b in debt and oil price in the teens.
How did he and NOI do the magic?

Buhari inherited $30b reserves, $10b external debt and he is sulking and whining like a spoilt brat.

Be man enough to call incompetence and failure what it is: INCOMPETENCE and FAILURE.

All of you should go and hide in shame.

Stalwert:
[s][/s]

lol chanting fact like a baby doesn't little for your battered credibility as a narrow minded tribalistic oaf who has no coherent word to make.

exactly..

I use to respect the dude in religion section as one of the smart ones.. But politics and tribalism has really brought out the dumbness and ediocy in him
He throws logic and facts in to the wind at the alter of bigotry whenever he talks now.