Missy89:



If the debt and the budget grew because naira lost its value (inflation) That cant be factual for a simple reason.

The oil prices rose as well, which means inflation doesn't matter. Lets even say the naira was inflated by 3% every year (this is a huge percentage) oil prices under Jonathan has risen over 50% at the same time so an increase in the budget (which is understandably as per inflation) shouldn't deplete the reserves since there was no huge fall in oil prices in those years.

Let's even say there was a huge fall in prices (which never happened), then only the reserve should be depleted and borrowing should not have increased since there is enough reserve to shock the loss of oil revenue.

The increase in debt and a depleting reserve with a stable oil price in the last 5 years (over $100) only means one thing : CORRUPTION!

Take it or leave it.

I am not a GMB fan by the way

LouisVanGaal:
.. have you ever tried for once to type 'GEJ' on google and see the results?? such as 'Incompetent' , 'Clueless', 'Corrupt' , 'Irresponsible' and etc I saw you earlier before NOW as an erudite! But all has waned cos of a statement..'I would rather Continue with GEJ than Buhari'...it's dude like you that REUTERS were actually referring to, when they insulted us and our so-called democracy...isn't it crass stupidity??, you are complaining bitterly about a 'situation'..kk, do something about it, and you saying you would manage it!

LouisVanGaal:
.. have you ever tried for once to type 'GEJ' on google and see the results?? such as 'Incompetent' , 'Clueless', 'Corrupt' , 'Irresponsible' and etc I saw you earlier before NOW as an erudite! But all has waned cos of a statement..'I would rather Continue with GEJ than Buhari'...it's dude like you that REUTERS were actually referring to, when they insulted us and our so-called democracy...isn't it crass stupidity??, you are complaining bitterly about a 'situation'..kk, do something about it, and you saying you would manage it!

LouisVanGaal:
.. have you ever tried for once to type 'GEJ' on google and see the results?? such as 'Incompetent' , 'Clueless', 'Corrupt' , 'Irresponsible' and etc I saw you earlier before NOW as an erudite! But all has waned cos of a statement..'I would rather Continue with GEJ than Buhari'...it's dude like you that REUTERS were actually referring to, when they insulted us and our so-called democracy...isn't it crass stupidity??, you are complaining bitterly about a 'situation'..kk, do something about it, and you saying you would manage it!

mikeansy:


If they want to talk about debt let's see how much Lagos owes relative to the National average!

APC the party of "tax and spend" is in no position to lecture anyone on financial prudence!

doffman:

Don't mind that datole!
We all known as a pretender. He is die-hard sataTAN promoter

Opiosko:
Macro econs or Micro econs, my point is that these presidents faced different challenges and GeJ's is one that has not been seen before. How much have we spent on military hardwares alone to upgrade our military in the past few yrs?..

Descartes:


And you are a fan of a coupist Buhari.

He shall never benefit from the democracy he truncated.

aguiyi:


The relationship is clear, you are trying so hard to discredit the president who is most favored by the masses for a second term.

Several threads have been opened just to regain the image battered today by datolee, Buhari is not sellable

seguntijan:
Scene 1:
Mr. President losses Mubi and keeps quiet, no
emergency meeting no emergency call to CDC, IGP
And DSS boss nothing changed and nothing
happened that's normal to him I guessed.

Scene 2:
PDP lose speaker of the house of assembly to the
opposition and all hell is let loose. He called
emergency meeting with PDP chairman. With
governors, with members of NASS, he acts by
removing Tambuwal's security details. He called
IGP, AGF, SANS and many more.

Scene 3:
Governor Fashola was on his way to Makkah for Pilgrimage when Ebola broke out in his State, he turned back and went back home to fight Ebola with little or no support from the Federal Government, visiting Ebola victims, volunteers and First Consultants where the first case of Ebola was discovered. Boko Haram takes over Mubi again, bringing death and destruction to the people of the State while the State and Nigerians call for help. The next day, President Jonathan heads to Burkina Faso to help them find peace!, and for which the Military Leader has not bulged!

Questions: Please what is Mr. president's main priority? National Security or PDP Security?

martinbillings:
My lecturer told me that any Governor/leader that leaves huge amount of money in the bank is a failure. He didn't perform. Mention one thing OBJ and Yardua did that gulped money. In GEJ era we have 14 universities, agric revolution, road revolution, rail revolution, aviation revolution, N1tr to Universities,Tetfund Almajiri schools, east west road, river benue bridge and 2nd Niger bridge. All these things na money.

You are very CORRECT!

Everything in Jonathan's Govt. was A REVOLUTION!
CORRUPTION became a REVOLUTION
Treasury looting leaped into the "BILLIONS OF DOLLARS"! ...... no longer counted in Millions of Naira!

What a "Revolution"!

[s][/s]LouisVanGaal:
Yesterday, those suckers (PDP.igs) got served! DETOLEE was given the DETTOL treatment and cured from his partial craze by APOSTLE BARCANISTA.. . Instead of him to manage his 'newly-found Media' hype as the Mouthpiece of the saTANoids, rather he overrode his luck and began to thread on thorny paths . His skewed-minded croons kept deceiving/massaging his ego with lampooned amounts of 'UNECCESSARY LIKES'..hence, pushing him closer to the FURNACE ..Now, the dudes Body has been TANned heavily.. . Two days back, his moniker was making rounds like a 'Fake Gold-circle bag'...Now he has been bleeped-up heavily by the renowned Barcanista ...Go lick your wounds like this: . In the same vein, let me also pay homage to other erudite of the progressives such as Obiagelli, Omenka, BEREM(looks like she missed yesterdays party), IbnSultan, egift, Pendy79, ilugunboy, arewafederation, experimentist and etc...[s][/s]

seguntijan:
Scene 1:
Mr. President losses Mubi and keeps quiet, no
emergency meeting no emergency call to CDC, IGP
And DSS boss nothing changed and nothing
happened that's normal to him I guessed.

Scene 2:
PDP lose speaker of the house of assembly to the
opposition and all hell is let loose. He called
emergency meeting with PDP chairman. With
governors, with members of NASS, he acts by
removing Tambuwal's security details. He called
IGP, AGF, SANS and many more.

Scene 3:
Governor Fashola was on his way to Makkah for Pilgrimage when Ebola broke out in his State, he turned back and went back home to fight Ebola with little or no support from the Federal Government, visiting Ebola victims, volunteers and First Consultants where the first case of Ebola was discovered. Boko Haram takes over Mubi again, bringing death and destruction to the people of the State while the State and Nigerians call for help. The next day, President Jonathan heads to Burkina Faso to help them find peace!, and for which the Military Leader has not bulged!

Questions: Please what is Mr. president's main priority? National Security or PDP Security?

tk22ng:
BETWEEN JONATHAN AND BUHARI

From the responses of so many people to this Buhari/Jonathan presidential contest, I noticed that those who love Buhari love him for cogent reasons like

1. He is principled
2. Criminals in power fear him
3. He will make Nigerians sit up
4. He has the political will to confront issues.
5. He has the incorruptibility that we need
5. No one can point fingers at him for anything.
6. The allegations against him are mere 'dem say.'

Those who speak for Jonathan have these to say
1. He dey try. He dey do im best.
2. Na Christian. We don't want to vote for a Northern Muslim who is pro-Boko Haram.
3. We can't trust Buhari, he is a jihadist.
4. We don't want Nigeria to be like Iraq, Egypt, Iran, Syria, etc.
5. ISIS, Al Qaeda, Boko Haram are children of the same mother. Buhari is their sponsor!

Until now, no one has said he will vote Jonathan because he is competent! Jonathan propagandists know that he is a weakling, clueless, unfit and undeserving of another term but if he would be replaced, NOT Buhari. Why? Sentiments!

Every Nigerian Christian know that Buhari, though a Muslim, is many many many many times better than Jonathan who carries a Christian tag. But they are scared to give him a chance for fear and suspicion of his unfounded Islamic commitments.

I am yet to see any thing Jonathan has done to better the lot of Christians either in Abuja or Nigeria in general. Mention one!

May God open our eyes to leave ringworm and tackle our cognate leprosy

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

rhymz:
Barcanister is a big fraud. All I see are suggestive statistics cleverly put together to exaggerate and paint the GEJ administration as bad without putting facts in perspective. Only a dullard with no analytical skills will look at the nonsense he posted and come up with a conclusion that GEJ performed worse in comparison. According to what he posted, the same OBJ government ran up the debt in two years after clearing it to 3billion dollars yet Jonathan is in his 5th year in government and has not average that kind of debt accumulation in all his 5 years running.

You say he has depleted the reserve but fail to mention how the former CBN was keen on using Chinese style of leadership to cushion the Naira. The man was practically spending so much on pegging the Naira at a particular range of exchange to dollar. Yet our economy unlike the Chinese is not an export dependent economy, he won't let market forces determine how the Naira should fair against world currencies and continued to shore up the Naira with our external reserve until recently when Emiefele took over and dumped the dogged pursuit of manually pegging the Naira at a range and let market forces do its job to some extent.

The Jonathan government has spent more money infrastructure than any of the past administration. The Nigerian economy of today is more diversified, much bigger and mature than the oil dependent one of the past. The security challenges have become worse than any administration has got to handle. The BokoHaram security issue is a much more complex issue than the Niger Delta militancy, unlike former, BokoHaram is not clear on what it wants, it has a huge political and regional support base that it will take more armed tanks and AKs to solve the problem.

That the Jonathan government PR is not very skilled in highlighting it's achievement and covering its loopholes does not mean Nigerians do not see the efforts or the deliberate sabotage of the same people screaming he is incompetent and want to get him out even with a worse off leader as an alternative.

Marlbron:
Op, datole and a few others.

I am impressed with the depth of the debate you have all marshalled here. I have also read a lot of thrash from most of the other posters who contributed nothing except exclamation, abuses and jest, as if the issues confronting the nation call for such.

May I suggest that future posts be moderated well to ensure that posters who add no value are prevented from derailing the topic. Can blog owner and moderators police intellectual topics like this?

Make no mistake these issues you have all broached will be major topics if and whenever a presidential campaign starts.


Notice I used "if", because as the country stands now I doubt you can have any credible elections without the Northeast participating.

There are many scenarios for Nigeria: PGEJ postpones election by 6months in the first instance, and try to recover these territories. If Only were APC, I would be wary of going for elections with a large swathe of my voters disenfranchised.

Perhaps a more acceptable proposal will be for PGEJ to step down with his vice, and the Senate president and Speaker allowed to lead an interim government for one year or 6months to completely get life back to normal in the north east and then call for elections. Luckily Mark is a retired general and I think he will win the respect of the army in this fight. This scenario will need further refinement but may include the sack of all our entire security leadership from army to police to DSS. It may also need fresh party formation and banning of all folks whose action or inaction led us to this situation in the first place.

fxskye:




WHO IS AFRAID OF BUHARI? 
I write this because of millions of Nigerians who are below 30 and who constitute a significant chunk of our voting population.
This is the ICT generation that is largely ignorant about the events of the Buhari era (1984-85) and so can be
misinformed and misled by needless propaganda. I have sat with many in the under-30 bracket and those slightly above who only have faint recollections of the Buhari era and the level of ignorance about that era is amazing.

Before being MILITARY Head of State, Buhari had been Governor of one of the Northern States (under Obasanjo’s Military government) as well as Minister for Petroleum. He later served as Chairman of PTF under Abacha.

Please consider the following unassailable facts:
He birthed and supervised the establishment of our existing refineries.
There was no religious crisis while he was Head of State. It started under his successor IBB!
In his time as Head of State he reduced inflation from 23% to 4%, by fiscal discipline and a homegrown economic team (not achieved under any other era, even military).
JJ Rawlings of Ghana took over 2yrs before him, and killed all the corrupt leaders, while Buhari only sentenced the corrupt leaders here to prison.
Under his watch as PTF Chairman, what he did in road construction in that short period hasn't been matched by almost 16yrs of the PDP rule.
Hospitals and universities around the country never witnessed as much benefits as they got from the PTF from any government after or before his time.
Despite serving in senior capacity in the oil sector, first as Minister for Petroleum and then Petroleum Trust Fund, Buhari has no petrol station, much less a rig, refinery or an oil block like so many of our so called leaders.
He could have retired into nauseating opulence like most of his counterparts (IBB or Danjuma or even OBJ) but didn't.
Instead of hobnobbing with the high and mighty, he has cast his lot with the ordinary man most of who follow him out

barcanista:
You seem not to understand macro economics and governance.

1. The Price of Oil was off-shooting than what was obtained during Obj's era. Yet we didn't experience any growth in Foreign Reserve
2. When Yaradua took over, price of Oil was HIGH and our reserve was going higher and Higher to peak at all time high. It started to dip during the recession, when the oil fell at $30 per barrel. Even at that it wasn't that depleted, and the Change in External Debt was $4 Million
3. Jonathan took over power, the Oil price was soaring, rather than reserve to soar like other regimes, it deepened. Rather than him to take care of external debt, he borrowed more.

Who is the worst administrator?

BlackTechnology:



Should he kill himself over the determination of Northern elites to commit political suicide.

fxskye:




WHO IS AFRAID OF BUHARI? 
I write this because of millions of Nigerians who are below 30 and who constitute a significant chunk of our voting population.
This is the ICT generation that is largely ignorant about the events of the Buhari era (1984-85) and so can be
misinformed and misled by needless propaganda. I have sat with many in the under-30 bracket and those slightly above who only have faint recollections of the Buhari era and the level of ignorance about that era is amazing.

Before being MILITARY Head of State, Buhari had been Governor of one of the Northern States (under Obasanjo’s Military government) as well as Minister for Petroleum. He later served as Chairman of PTF under Abacha.

Please consider the following unassailable facts:
He birthed and supervised the establishment of our existing refineries.


seguntijan:

That is why he is the president, he has access to all security agency and hhave access to get what he want to ensure nigeria is better so don't give him any flimsy excuses

fxskye:




In his time as Head of State he reduced inflation from 23% to 4%, by fiscal discipline and a homegrown economic team (not achieved under any other era, even military).

fxskye:




In his time as Head of State he reduced inflation from 23% to 4%, by fiscal discipline and a homegrown economic team (not achieved under any other era, even military).
JJ Rawlings of Ghana took over 2yrs before him, and killed all the corrupt leaders, while Buhari only sentenced the corrupt leaders here to prison.