Jona spent 5 years in office, he inherited huge foreign reserves, huge savings, largest earnings in the history of Nigeria and still end up borrowing hundreds of billions from his first day in office till his last day in office and still remains a great president and he also left a great Nigerian economy?
9jakohai: There is a simple explanation, and no i am not defending the govt.
1.During GEJ'S govt, the oil price was $94-120. That meant we had enough dollars to buffer the naira...and as a result the value of the naira was stronger..meaning we needed fewer naira to import rice.
2.Now, during Old Man Bubu's govt, the price of oil has fallen to $28-65. This means we have less dollars to buffer the naira, and the value falls.Meaning we need more naira to import the rice.
3.If oil jumps up to $100 again, rice prices will fall...see1 .
4.What does this mean?
a)INCREASE DOMESTIC RICE PRODUCTION...via mechanised farming and irrigation
b)Get other sources of dollars...ie industrialization., industrialization.
Fin.
Modified...To all GEJ and PMB supporters....if you guys can stop quoting me to fight your continuing battle over who is better or worser....and look at my point number 4 again...you will see where our problem lies.
OGA JONATHAN SHOULD KEEP HIS MESSAGE TO HIMSELF, WHEN BUHARI WON THE 2015 ELECTION, BUHARI SENT A GOODWILL MESSAGE TO THE WHOLE COUNTRY ON A PARTICULAR EVENT AND OGA JONATHAN SAID BUHARI SHOULD ALLOW HIM TO RUN THE AFFAIRS OF THE COUNTRY AND STOP PARADING HIM AS THE PRESIDENT BECAUSE HE IS STILL IN POWER. SO WHAT SHOULD WE SAY NOW TO OGA JONATHAN ?
All the while the ban was on, how many toothpick factories were set up?
Or were foreign toothpick not being smuggled across the border?
Why do you think he did not unban the importation of plastic?
Rubbish! Go and meet the person who borrowed your brain to give it back to you.
-Lord
You noticed that I did not initiate conversation with you? Its because I realise that you are a raving lunatic. Make sure your Jonothing compete the 2019 election or is it atikulate? Hopeless loser. Now get lost.
NwaChibuzor909: Merry Christmas to the greatest leader in Nigeria's history. We all miss you.
You people should not exagerate. Jonathan was better than Buhari, but how can you people reduce the whole of nigeria to that leader? He had many flaws. Nigeria is capable of much more than that please.
Jona spent 5 years in office, he inherited huge foreign reserves, huge savings, largest earnings in the history of Nigeria and still end up borrowing hundreds of billions from his first day in office till his last day in office and still remains a great president and he also left a great Nigerian economy?
Even his own minister put the blame at his feet so stop sounding ignorant and unintelligent.
I've got a simple question for you. Do you think Nigeria's revenue between 2010 and 2015 was sufficient to make up for our humongous infrastructural deficit?
And can you point any country in the world with 30% budgetary spending for capital expenditure that does not borrow?
Answer these questions.
Then when you're done. Answer the other questions that you've avoided. I've listed them below.
How much did Jonathan loot?
And how is GEJ the greatest looter when OBJ spent 3 times more than he did on electricity yet he added more MW than OBJ?
Or is Dasuki's "rumored" $2b larger than Babangida's $12b?
How do you reconcile that less than N10b was recovered from a loot of more than N300b?
Now tell me what PMB has used his revenue for?
Did GEJ's administration not borrow to finance capital projects?
Would you have preferred if the workers weren't paid?
And in the period where part of the borrowed money was used to pay salaries, was revenue and loans not used to pay for capital projects?
So if 70% of the budget was for salaries and other recurrent expenditure, are you saying that part of the money borrowed should have not being used for paying salaries when revenues reduced?
At least GEJ was using his for subsidy, infrastructure and extensive capital projects, what has Buhari been using his [loans] for?
Which of Nigeria's bank account was full of money in 2014?
Were you not in this country when the GEJ administration used $5b from our reserves between October 2014 and January 2015 to stabilize the exchange rate after the sharp fall?
Is the 2018 budget going to use 2017 revenue or 2018 revenue?
Now, let me ask you, do you have a problem with GEJ using part of a loan to pay workers when revenue is down?
Answer these questions in your next reply or sh*t your trap.
deji17: You noticed that I did not initiate conversation with you? Its because I realise that you are a raving lunatic. Make sure your Jonothing compete the 2019 election or is it atikulate? Hopeless loser. Now get lost.
I've got a simple question for you. Do you think Nigeria's revenue between 2010 and 2015 was sufficient to make up for our humongous infrastructural deficit?
And can you point any country in the world with 30% budgetary spending for capital expenditure that does not borrow?
Answer these questions.
Then when you're done. Answer the other questions that you've avoided. I've listed them below.
Answer these questions in your next reply or sh*t your trap.
Nigeria had no political will to save under Jonathan —Okonjo-Iweala
Speaking, yesterday, at the George Washington University, Washington D.C. Okonjo-Iweala said the Goodluck Jonathan administration differed seriously from the Olusegun Obasanjo administration under whose administration the Nigeria government saved $22 billion, which she said, helped to cushion the dryness that came the way of the country at the end of the last decade.
Okonjo-Iweala served as finance minister under President Obasanjo between 2003 and 2006 and again under President Jonathan between 2011 and 2015. The former finance minister and World Bank president, who spoke on “inequality, growth and resilience,” with Chile as an example of a country with a saving culture, was quoted by The Cable, an online news medium, to have said: *Ngozi-Okonjo-Iweala[b] “We tried it in Nigeria, we put in an oil price based fiscal rule in 2004 and it worked very well. “We saved $22 billion because the political will to do it was there. And when the 2008 /2009 crisis came, we were able to draw on those savings precisely to issue about a five per cent of GDP fiscal stimulus to the economy, and we never had to come to the Bank or the Fund.[/b] “This time around and this is the key now, you need not only to have the instrument, but you also need the political will. In my second time as a finance minister, from 2011 to 2015, we had the instrument, we had the means, we had done it before, but zero political will. “So we were not able to save when we should have. That is why you find that Nigeria is now in the situation it is in. Along with so many other countries.
Even his own minister put the blame at his feet so stop sounding ignorant and unintelligent. .
Answer these questions or don't quote me again.
I've got a simple question for you. Do you think Nigeria's revenue between 2010 and 2015 was sufficient to make up for our humongous infrastructural deficit?
And can you point any country in the world with 30% budgetary spending for capital expenditure that does not borrow?
How much did Jonathan loot?
And how is GEJ the greatest looter when OBJ spent 3 times more than he did on electricity yet he added more MW than OBJ?
Or is Dasuki's "rumored" $2b larger than Babangida's $12b?
How do you reconcile that less than N10b was recovered from a loot of more than N300b?
Now tell me what PMB has used his revenue for?
Did GEJ's administration not borrow to finance capital projects?
Would you have preferred if the workers weren't paid?
And in the period where part of the borrowed money was used to pay salaries, was revenue and loans not used to pay for capital projects?
So if 70% of the budget was for salaries and other recurrent expenditure, are you saying that part of the money borrowed should have not being used for paying salaries when revenues reduced?
At least GEJ was using his for subsidy, infrastructure and extensive capital projects, what has Buhari been using his [loans] for?
Which of Nigeria's bank account was full of money in 2014?
Were you not in this country when the GEJ administration used $5b from our reserves between October 2014 and January 2015 to stabilize the exchange rate after the sharp fall?
Is the 2018 budget going to use 2017 revenue or 2018 revenue?
Now, let me ask you, do you have a problem with GEJ using part of a loan to pay workers when revenue is down?
Even his own minister put the blame at his feet so stop sounding ignorant and unintelligent. .
Okonjo already answered your question in the above video so no need for me to keep wasting my valuable time on trolls, ignorant and unintelligent clowns like you.
Even though she was horrible as a finance minister, at least she knew Jona was useless, worthless, pathetic and he destroy our economy.
Another instance of selective quoting.
“That is the question that I ask, what do we need to do to these countries to save over a period of long accelerated growth.
“We need to devise mechanisms not just that are good technically but find a way to either embed them in the constitution or find a way to separate them from the political manipulation so that these countries can survive over time.
“If we don’t get these mechanisms, we politicise them, find ways to transform the base of the economy and create jobs including in manufacturing, I believe we are going to go into this looming deceleration that is being talked about.”
When the GEJ administration was crying out to remove subsidy because of the massive expenses, were you not dancing at Ojota?
When the GEJ administration was taken to court by the governors to "share the money", were you not cheering the governors?
And if GEJ had saved all the petro dollars, what money would he have used for the numerous projects and subsidy? Or do you want to compare the projects in GEJ's tenure to OBJ's tenure?
OBJ wasted $16b on electricity then when he was done stealing, he privatized the waste pipe by simply changing its name for the most part.
Why is it that OBJ is best known for GSM, which was a private project; while GEJ is best known for the rail and rice revolution, both of which were 100% public projects?
Even his own minister put the blame at his feet so stop sounding ignorant and unintelligent. .
Okonjo already answered your question in the above video so no need for me to keep wasting my valuable time on trolls, ignorant and unintelligent clowns like you.
Illiterate, read my next sentence very well.
Answer these questions or don't quote me again.
I've got a simple question for you. Do you think Nigeria's revenue between 2010 and 2015 was sufficient to make up for our humongous infrastructural deficit?
And can you point any country in the world with 30% budgetary spending for capital expenditure that does not borrow?
How much did Jonathan loot?
And how is GEJ the greatest looter when OBJ spent 3 times more than he did on electricity yet he added more MW than OBJ?
Or is Dasuki's "rumored" $2b larger than Babangida's $12b?
How do you reconcile that less than N10b was recovered from a loot of more than N300b?
Now tell me what PMB has used his revenue for?
Did GEJ's administration not borrow to finance capital projects?
Would you have preferred if the workers weren't paid?
And in the period where part of the borrowed money was used to pay salaries, was revenue and loans not used to pay for capital projects?
So if 70% of the budget was for salaries and other recurrent expenditure, are you saying that part of the money borrowed should have not being used for paying salaries when revenues reduced?
At least GEJ was using his for subsidy, infrastructure and extensive capital projects, what has Buhari been using his [loans] for?
Which of Nigeria's bank account was full of money in 2014?
Were you not in this country when the GEJ administration used $5b from our reserves between October 2014 and January 2015 to stabilize the exchange rate after the sharp fall?
Is the 2018 budget going to use 2017 revenue or 2018 revenue?
Now, let me ask you, do you have a problem with GEJ using part of a loan to pay workers when revenue is down?
Go and get your PVC, you will still lose again. Don't you have better things to do on a xmas day, than arguing with strangers online? What a meaningless life you live. Get a grip and get a life.
Even his own minister put the blame at his feet so stop sounding ignorant and unintelligent. .
Okonjo already answered your question in the above video so no need for me to keep wasting my valuable time on trolls, ignorant and unintelligent clowns like you.
deji17: Go and get your PVC, you will still lose again. Don't you have better things to do on a xmas day, than arguing with strangers online? What a meaningless life you live. Get a grip and get a life.
deji17: Go and get your PVC, you will still lose again. Don't you have better things to do on a xmas day, than arguing with strangers online? What a meaningless life you live. Get a grip and get a life.
Wetin concern PVC and simple question wen me ask you?
Is that the answer to the question?
And what is your issue with how I spend my time? Did you buy the airtime for me? Did you buy the fuel I'm using to power my gen for me? Are you my boss?
Dunce!
Simple question you can't answer. Vomiting all around the thread like a rabid d*g. As if Buhari will rule for life.
deji17: Go and get your PVC, you will still lose again. Don't you have better things to do on a xmas day, than arguing with strangers online? What a meaningless life you live. Get a grip and get a life.
Even his own minister put the blame at his feet so stop sounding ignorant and unintelligent. .
Okonjo already answered your question in the above video so no need for me to keep wasting my valuable time on trolls, ignorant and unintelligent clowns like you.
If you quote me again without answering my questions, you'd have accepted that you are a DEM*NTED ID*OT!
Clown that can't answer questions!
I've got a simple question for you. Do you think Nigeria's revenue between 2010 and 2015 was sufficient to make up for our humongous infrastructural deficit?
And can you point any country in the world with 30% budgetary spending for capital expenditure that does not borrow?
How much did Jonathan loot?
And how is GEJ the greatest looter when OBJ spent 3 times more than he did on electricity yet he added more MW than OBJ?
Or is Dasuki's "rumored" $2b larger than Babangida's $12b?
How do you reconcile that less than N10b was recovered from a loot of more than N300b?
Now tell me what PMB has used his revenue for?
Did GEJ's administration not borrow to finance capital projects?
Would you have preferred if the workers weren't paid?
And in the period where part of the borrowed money was used to pay salaries, was revenue and loans not used to pay for capital projects?
So if 70% of the budget was for salaries and other recurrent expenditure, are you saying that part of the money borrowed should have not being used for paying salaries when revenues reduced?
At least GEJ was using his for subsidy, infrastructure and extensive capital projects, what has Buhari been using his [loans] for?
Which of Nigeria's bank account was full of money in 2014?
Were you not in this country when the GEJ administration used $5b from our reserves between October 2014 and January 2015 to stabilize the exchange rate after the sharp fall?
Is the 2018 budget going to use 2017 revenue or 2018 revenue?
Now, let me ask you, do you have a problem with GEJ using part of a loan to pay workers when revenue is down?
Even his own minister put the blame at his feet so stop sounding ignorant and unintelligent. .
Okonjo already answered your question in the above video so no need for me to keep wasting my valuable time on trolls, ignorant and unintelligent clowns like you.
Another problem in a long line of problems. Nigerians do not understand what leadership means hence their penchant for always idolizing the wrong one's. So, let's break down your logic. A bag of rice during Abacha's time was around N800 to N1000. Fuel was around N20 or 30N. With your way of thinking are you now saying Abacha is amongst the "greatest" (whatever that means) leaders in Nigeria? NIGERIANS; STOP USING YOUR STOMACHS TO DO YOUR THINKING FOR YOU. The real cause of your problems is right there in front of you but hunger and desperation no wan let una see road. What a people. Smh.
Abacha is one of Nigerias best rulers minus yoruba led NADECO media propaganda against his Govt
Abacha is one of Nigerias best rulers minus yoruba led NADECO media propaganda against his Govt
Best ruler even though he looted billions of dollars that we are still having returned to us from the countries he stashed our money in, same billions of dollars that could have built may hospitals, schools roads, bridges, airports, seaports and so on..
Sometimes I just wonder if you people are possessed with stupidity and idiocy..
Abacha fuel scarciry was rampant throughout his tenure , all uni were closed, healthcare centers were moribund, u couldnt spend 10 minute inside Muritala airport because ac were not working or toilet were stinking ...
Even his own minister put the blame at his feet so stop sounding ignorant and unintelligent. .
Okonjo already answered your question in the above video so no need for me to keep wasting my valuable time on trolls, ignorant and unintelligent clowns like you.
Here's what I typed
"If you quote me again without answering my questions, you'd have accepted that you are a DEM*NTED ID*OT!"
