barcanista:
I hope that Jonathanians and PDP apologists will grant me the honor of a fact-4-fact debate without insult. However, no amount of insult can deter me.


Seun Obinoscopy and Mukina2 This thread is informative, Nigerians #NeedToKnow

barcanista:
3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

[url]http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf[/url]

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp
www.nairaland.com/attachments/1842363_2014foreignreserve_jpegb778234d0e84907de925a2b063c2355a


N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion
As at 2010, Oil Price was at $89 per barrel
As at 2011, It was $103 per barrel
As at Now it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003
Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show

datolee:


How much did Soludo used to defend the naira and how much did SLS use.. that will answer your question

barcanista:
3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

[url]http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf[/url]

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp
www.nairaland.com/attachments/1842363_2014foreignreserve_jpegb778234d0e84907de925a2b063c2355a


N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion
As at 2010, Oil Price was at $89 per barrel
As at 2011, It was $103 per barrel
As at Now it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003
Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show

bushdoc9919:


It isn't GEJ'S fault per se....it is what you get when you rule over an oil dependent economy.....your economic advisers tell you that the oil money won't run out (Of course they lie).

Plus, oil economies over-import....which has the dual effect of raising the debt profile and stifling jobs.

Yes, OBJ grew our reserves. Nice...but a healthy bank account means nowt....when you could grow it more with investments.

My problem with Nigeria's leaders., past and present....they run Dutch diseased economies.

Whoever takes over in 2015....GEJ or Buhari....should appoint me as their Ministar of Finance and Economic planning( My salary is only N20million per week ).....and in turn....I will earn my keep by telling them to run this country as if there is no oil or any other natural resources.

In ten years time....our GDP will be 20 times bigger than what it is now (OK I exaggerate...but still!)....and Boko Haram , Kidnapping etc will be the acts of a minority of jokers. Guaranteed!

Oil is a curse.

Opiosko:
U are really working hard spending sleepless nights to earn ur next pay. I wish u could channel such effort to something that's worth it.

gratiaeo:
GEJ is corrupt but we don't want to change him with Buhari, Atiku, Tinubu etc

barcanista:
Why not research on Nigeria's budget and find the Military Expenditure? Must I spoon-feed you? Beside
Militants blow up oil installation= Nigeria loses Money
Militants Kidnap Oil Workers= Nigeria Loses Oil Money
Oil Coys Pay Ransome= It tells on our tax
Oil Coys cut production= Nigeria loses money
President Obasanjo Spent Money on Military= Just Like Jonathan.
Yet, we had enough in our revenue and almost zero external debt

Chommieblaq:
with all the debt u mentioned, How comes Nigeria become African highest economy, overtaking South Africa, 27 in the whole world. If u no get work carry chair come make I teach u economics, and stop fooling urself , we know better.

atlwireles:
This moderator is wicked, another beat down of the APC lying machine is now on FP.

barcanista:
I am a fool because I am taking my time to educate Nigerians? We all know who the fool is here

all4naija:
I think Obasanjo performed very well on the foreign reserve thing and clearing the debt but the development of the nation was in shamble as in Yaradua's time. After Obasanjo I would give Jonathan the praise as Yaradua didn't spend is time to develop the nation infrastructure for us to understand the impact of his administration. In all ramification while looking at the three of them I would put their performances in descending order.

1) President Jonathan - for trying to put effort in developing the nation rather than increasing the foreign reserve only.

2) Presiden Obasajo - for clearing the debt to the lowest point ever at 3 billion dollars and growing the foreign reserve.

3) President Yaradua - for getting sick and died untimely (as an excuse for his performance).

Off-topic: I think it is time to think the Northerner's leadership has been the worst and Nigerian youths shouldn't make the mistake of basing their vote on regions but on people.

barcanista:
It is very clear that Goodluck Jonathan government is ruining Nigeria's economy, destroying what Presidents Obasanjo and Umaru Musa Yar Adua managed to build.




MODIFIED:
Thank you seun and team for the FP.

dguyindcorner:
It's a pity how stupid some pro Jonathan have become. Shouting Nigeria has become the greatest or largest economy in Africa is an understatement, why don't you say Nigeria has become the largest economy in the world?

You and your master like deceiving Nigerians o. Abi when was the last time Jonathan was being interviewed in overseas that he was asked what is the state of power supply in Nigeria? He replied and said that Nigerians enjoy constant power supply.

Jona has been feeding us lies so I won't be surprised if we are now the largest economy in Africa even when in reality Cameroon economy let alone Ghana, Southafrica etc. is now better than our own. Someone who now uses Nations Cup Trophy to campaign.

Look at our Naira, see the value.

Firefire:

thunder74:

Good job sir, please since you are educating Nigerians, take time also to research few good things Jonathan has done like Lagos Ibadan road under construction, Benin Ore road, Railway,Agriculture etc. Please help us, you know you are good at research. Thank you.

iluvweed:
SCREW ALL THIS YEYE E-POLITICIANS....


IF YOU HAVE ANY HELP TO RENDER, ABEG TRY COLLECT FORM AND STOP BOASTING ON THE INTERNET!

WE NEED A YOUNG AND STRICT CANDIDATE TO FACE GEJ....IF ONE OF YOU CAN VOLUNTEER, THEN WE CAN CONTRIBUTE MONEY TO GET THE FORM FOR YOU AND START E-CAMPAIGNING!........

dguyindcorner:


Waterwater, you still have not deactivated your Nl account?

automaticcars:
^
^^
^^^

The three posters after op are very stup.id. Why attacking the op instead of saying any disagreement they have with the data the op has given us?

You guys are very fooli.sh. Dumb and fooli.sh indeed.

generalissimo:
Wait a minute, I thought u guys criticize OBJ when he was there too.......There's no extent u wouldnt go to just to pull another down

Firefire:



[size=25pt]I will defend the Naira with reserves - Sanusi
[/size]

The Governor of the Central Bank of Nigeria, CBN, Mal Sanusi Lamido Sanusi, has vowed to defend the Naira and was prepared to used the nation’s foreign reserve to ensure the currency’s stability.

Briefing the journalists at the end of the Monetary Policy Committee meeting in Abuja, Tuesday, he said that the argument of those pushing for the devaluation of the Naira did make any valid economic sense in an import-dependent country like Nigeria.

Mal. Sanusi insisted that the CBN would stick to its position unless forced to do otherwise.

His words, “as far as the Naira is concerned, the CBN has always said that we are committed to its stability. I know there are some people who don’t share that view. But I have not personally heard any economically valid argument as to the benefits of devaluating the Naira up to this point in time.

“It will not improve our export nor reduce our imports into the country. It will not improve our fortunes as long as our structural reforms have not been implemented.

“My view and the view of the CBN is that if we will have to use some of the our serves to support the currency, we will. No central bank governor will say that he will support the currency at all and every cost but we want to be very clear in our minds and to the public that there is no country in the world that will allow its currency to be just determined by the market.


Please give the credit of Nigeria Foreign Reserve depletion at the expense of our Naira stability to your SLS

http://www.nigeria-news-world.com/2013/09/i-will-defend-naira-with-reserves-sanusi.html#.VFyHTvmUf-F

Link provided by Detolee

Firefire:

mekd:
Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show






i concor if u say GEJ have more access to more money. but let me remind u ibcasr u forgot that the gravity of challanges GEJ is facing is more more more than what any past president"yaradua" faced.thanks

all4naija:
Go ahead and laugh on my post! I think that is my view and I am entitled to it. Hyena!

all4naija:
I think Obasanjo performed very well on the foreign reserve thing and clearing the debt but the development of the nation was in shamble as in Yaradua's time. After Obasanjo I would give Jonathan the praise as Yaradua didn't spend is time to develop the nation infrastructure for us to understand the impact of his administration. In all ramification while looking at the three of them I would put their performances in descending order.

1) President Jonathan - for trying to put effort in developing the nation rather than increasing the foreign reserve only.

2) Presiden Obasajo - for clearing the debt to the lowest point ever at 3 billion dollars and growing the foreign reserve.

3) President Yaradua - for getting sick and died untimely (as an excuse for his performance).

Off-topic: I think it is time to think the Northerner's leadership has been the worst and Nigerian youths shouldn't make the mistake of basing their vote on regions but on people.