GEJ is like one whom kleptomaniac traits are enshrined in his DNA that it would take unparagoned level of divine intervention to cure him of it. How else can we account for the high level of irresponsibility on the side of GEJ? He makes purposeless decisions while neglecting the important issues.

I'm sure @Barcanista focused on GEJ's administration because with regards to this thread, the critique in on his performance, and it behoves his patrons to come out with facts and not distort information. When it comes to infrastructure, no administration can match the level of investments made by the IBB regime, that it makes GEJ look like a failure. You are asking about infrastructures when the link I provided earlier highlighted the input of the OBJ administration in the area of power.

OBJ inherited a government still suffering the effects of the different military administrations, laid the foundations of the new dispensation and started the privatisation drive with meaningful investments in the power sector, most of which are now coming into fruition during this administration.

The only way out of this quagmire is to admit that GEJ failed compared to his predecessors, considering the level of gains made from the sale of crude oil which is our primary source of income as a nation.

barcanista:
Every government spent Money. Jonathan isn't the first, but Jonathan own have K-leg. You should address this, you have always been running helter skelter

datolee:


What made it have k-leg? the onus is on you to prove to us that the external reserve was used for another purpose other than stated by the government... and oh! before I forgot, external reserve is under the jurisdiction of CBN and guess who use the external reserve? I know you will guess right, yes it is your amiable SLS!!!

barcanista:
You are now using LIES LIES LIES
The Bold Clearly shows that Jonathan Offshooted the Budget to an "unenviable" height between 2009(yaradua) to 2010 with N900billion, then he removed 120 Billion and again it started its increase. I also explained why the 2008 Budget was much more than 2009, it was because Yar Adua Reversed the Fuel increase on assuming power, and instead the FG Bore the responsibility. In Jonathan's case, the fuel subsidy was further removed, hence access to MORE MONEY

Let us not deviate....

As at Yar Adua's time, There was Positive in the Reserve, it increases with oil Price and reached Amiable 64 billion Dollars. Only Slipped during the recession, when the Oil Price was meagre $30 per barrel. Note that Yar adua bailed the DYING Banks. Yet we have a good external debt.
And he left $45 billion in reserve.


Jonathan's case, Oil Price was between $80-$107, No recession, yet our Reserve was HEAVILY depleted, and our Debt heavily damaged. In normal circumstance, the Reserve Should be going up with good oil price not even stagnant, not to talk of retrogression.

There is no infrastructure on ground neither improvement of our well being.

You haven't made any point to Justify it

datolee:


Stay on topic please and don't derail, if you want to know about revenue and oil prices, create another thread on that. To answer your question, I don' know.. can we move on now?

Abok1:



GEJ is like one whom kleptomaniac traits are enshrined in his DNA that it would take unparagoned level of divine intervention to cure him of it. How else can we account for the high level of irresponsibility on the side of GEJ? He makes purposeless decisions while neglecting the important issues.






I'm sure @Barcanista focused on GEJ's administration because with regards to this thread, the critique in on his performance, and it behoves his patrons to come out with facts and not distort information. When it comes to infrastructure, no administration can match the level of investments made by the IBB regime, that it makes GEJ look like a failure. You are asking about infrastructures when the link I provided earlier highlighted the input of the OBJ administration in the area of power.

OBJ inherited a government still suffering the effects of the different military administrations, laid the foundations of the new dispensation and started the privatisation drive with meaningful investments in the power sector, most of which are now coming into fruition during this administration.

The only way out of this quagmire is to admit that GEJ failed compared to his predecessors, considering the level of gains made from the sale of crude oil which is our primary source of income as a nation.

Descartes:
Please my dear I beg for a e-CEASEFIRE cos you are committing e-GENOCIDE against the Janjäweeds.

R2bees:
barcanista better go find work now oh because once APC loses next year election, they will stop paying you

Johnpaul2k2:
Useless fo.ool

Continue to create posts.

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.

datolee:


Stay on topic please and don't derail, if you want to know about revenue and oil prices, create another thread on that. To answer your question, I don' know.. can we move on now?

Obiagelli:

You couldn't have put it better. The most annoying part is Obj worked hard to balance recurrent vs capital expenditure to almost 50 : 50 in 2007 (despite being an election year) only for this government to drag us 10yrs back (all in the name of settling cronies).

datolee:


I really wished you didn't bring this link up because it clearly nullifies everything you had written. While GEJ haven't performed to expectation, it is uncharitable to pass the burden created by many decades of under-development in this country on him.

barcanista:
hahaha sorry bro, obiagellit is on point, because the price of crude Oil was also a determinant to this discuss and I highlighted it from the beginning

datolee:


Where is the lie? I didn't post the link, you did. I didn't post the figure, your link did... what I did was to tabulate the figures.

So you can now defend Yaradua for increasing the budget the most, yet you said that GEJ increased it the most.. please between you and me who is lying?

Can you responding EVERY content here and not try to play smarter by half?

datolee:


No i didn't derail, you started changing the goal post by talking about performance.

I agree with you, let stick to FG alone... please answer this question

From the yearly budget, who increased the budget the most using year on year bases? What is the difference in the change of year on year budget of the three administrations?

You see, you cannot defend your argument. I never derail, however, i will always answer your detorted fact with actual fact

datolee:


[s]Simply asking how much is the price of crude oil in 2011 was not enough, we should also know much barrels was lifted each year, what is the revenue each year and did revenue increase at the same rate as expenditure... got my point?

By 2014, GEJ is budgeting for expenditure, almost 5 times that of OBJ in 2005... the question therefore, did oil price increase by 5 folds between 2005 and 2014?

Simply shouting oil price oil price is just begging the question[/s]

Mogidi:
Africa’s new Number One
Read it at the economist
http://www.economist.com/news/leaders/21600685-nigerias-suddenly-supersized-economy-indeed-wonder-so-are-its-still-huge

Nigeria becomes Africa's biggest economy
Read it at the BBC
http://www.bbc.co.uk/news/business-26913497

Nigeria overtakes South Africa to become Africa's largest economy
Read it at the famouse Guardian newspapers of Britain
http://www.theguardian.com/world/2014/apr/07/nigeria-south-africa-largest-economy

Apart from bokoharam and all other forces that swore to make this nation ungovernable, GEJ surpassed our widest dreams.

omenka:
You are being clever by half. This line of yours was exactly the crux of the thread some member created yesterday; passing the buck of Jonathan's misrule to his predecessors.

What exactly do you guys suppose we can blame Jonathan for?? Are the figures of our foreign reserves prettier than they were when he took over in 2010?? In 2011 alone the reserves dipped by a whopping $3.5billion! How much savings has Jonathan made year on year since he was sworn into office?? Do the figures of these savings give any hint of fiscal prudence especially when juxtaposed with those of his immediate predecessors

Away from that, since in your books the problems precede Jonathan's administration, hence cannot be blamed on him, tell us, can we blame him for losing swathes of territories to a gang of marauding terrorists?? If I can remember correctly, there has never been a moment in our vastly checkered history where a square meter of land was lost to some violent secessionist groups, now we've lost a number of local governments and counting!

datolee:


Simply asking how much is the price of crude oil in 2011 was not enough, we should also know much barrels was lifted each year, what is the revenue each year and did revenue increase at the same rate as expenditure... got my point?

By 2014, GEJ is budgeting for expenditure, almost 5 times that of OBJ in 2005... the question therefore, did oil price increase by 5 folds between 2005 and 2014?

Simply shouting oil price oil price is just begging the question

barcanista:
I have to cross it. Whether Obj increased 5 ot 10 times is another thing and I will give you the chance when I take you on Subsidy FRAUD (In another thread). However, Obiagelli is on point, you seem not to have any justification my guy. No need to be tensed

datolee:
I will derail a little here.. please forgive me. So from your statements, OBJ and Yaradua were the Messiah of our time?

The last I checked, they were under the PDP... so by extension, the problem of Nigeria is not PDP but GEJ?? I thought your party said that PDP have kept us in darkness for 16 years, I didn't know that alternative name for GEJ is PDP.

I really can't stop laughing...

barcanista:
The person you quoted was being sarcastic. It is either you can't comprehend or you have no clue. The progressives are attentively READING and their positions will be known. You and your likes should stop Cheer-leading without any substance

karlmax2:
so our infrastructure deficit and the war declared by those that promised to make his administration ungovernable as we are now witnessing through boko haram are not emergency situation?

With this your comment u have now agreed that boko haram insurgency is not an emergency situation,then [b]why are you people [/b]using it as your most potent campaign tool

datolee:

Thank you, but please know that the recession of 2007 started with private sector with government pumping money to save the private sector, by 2011, the effect had gotten to the government sector. Please read here about the five stages of the recession from 2007 to 2011
http://www.theguardian.com/business/2011/aug/07/global-financial-crisis-key-stages
I ask the same question, was Naira under stress more than it was under OBJ and Yaradua? the answer is yes
Was the external reserve used to defend the Naira, the answer is yes
I will believe my Government except you can provide us any link what other uses the external reserve was used for.

datolee:

I will believe my Government except you can provide us any link what other uses the external reserve was used for.

datolee:


Why is it another thing? why keep talking about oil price without talking about the corresponding expenditure??

frankyychiji:
BarcaBarca...you still dey breathe Chooooii

Obiagelli:


Hahaha did you factor inflation?

Obiagelli:

Let him continue making blanket statement, i have better things to do jare.

barcanista:
@ Omenka Obiagelli Berem NgeneUkwenu ibnsultan egift and All Progressives, FINALLY someone(A Jonathanian) admits that Jonathan was a FLOP relative to Obasanjo and Yar Adua!!!

Thank God for this day!!!

Abok1:



Firstly, let us be clear on one thing. You can check my previous posts on this Fora, I am not a member of APC, nor do I profess to support any political party. But merely disappointed by the performance of the GEJ administration and a further 4 years of this is suicidal. Reason is, if GEJ could not salvage the situation when he is trying to impress and gain the support of the masses towards his 2nd term. Is it when he get the 2nd term and doesn't need the people that he would perform miracles? considering the fact that most administrations perform less impressively in their second terms.

Since we are clear on my political affiliation, we can focus on the deficiencies of the GEJ administration.







The recession was felt because the world as become a global village where, when someone sneezes in Texas, the effects are felt in China. But that aside, Nigeria is one of the few countries in the world which doesn't rely fully on the private sector. The Nigerian case of underperformance of the private sector vis-a-vis the banks was because of the recklessness of the key players without being checkmated by the then CBN management. This doesn't in any way mean that the real global recession affected our private sector. To arrive at a valid conclusion, we need to note that the global recession was mainly caused by



Which meant that the private sector of the Nigerian economy should normally be immune from the effect because or mortgage sectors are not directly linked to the international policies. Attempting to link the two unrelated events is an act of skoptsy, which doesn't help in validating your line of argument.








I will give you a few 'uses'

National conference with nothing to show for it.
$20 Billion missing funds which could have increased the external reserve
#1 Billion budgeted for food
Budgeting N2.2 billion for a “befitting banqueting hall in Aso Rock Villa,” as was the case last year (2012)
N34.5 million for the feeding of lions in the Aso Rock Zoo.

One particularly disgusting item in the 2014 budget is the provision of N1.6 billion as deposit for the purchase of a new aircraft for the presidential fleet that already boasts a record 10 planes and is ranked among the most luxurious worldwide. The profligate presidential fleet is complemented with an extravagant motorcade and glamorous lifestyle. Only two domestic airlines have that many aircraft. Nigerians need to know how much money goes into the maintenance of this large fleet of non-commercial aircraft.
In 2011, N18 billion was reportedly budgeted to maintain the presidential aircraft.

Source: http://www.punchng.com/editorial/jonathans-wasteful-spending-on-presidential-aircraft-fleet/


Do you need more links?

Abok1:



Firstly, let us be clear on one thing. You can check my previous posts on this Fora, I am not a member of APC, nor do I profess to support any political party. But merely disappointed by the performance of the GEJ administration and a further 4 years of this is suicidal. Reason is, if GEJ could not salvage the situation when he is trying to impress and gain the support of the masses towards his 2nd term. Is it when he get the 2nd term and doesn't need the people that he would perform miracles? considering the fact that most administrations perform less impressively in their second terms.

Since we are clear on my political affiliation, we can focus on the deficiencies of the GEJ administration.







The recession was felt because the world as become a global village where, when someone sneezes in Texas, the effects are felt in China. But that aside, Nigeria is one of the few countries in the world which doesn't rely fully on the private sector. The Nigerian case of underperformance of the private sector vis-a-vis the banks was because of the recklessness of the key players without being checkmated by the then CBN management. This doesn't in any way mean that the real global recession affected our private sector. To arrive at a valid conclusion, we need to note that the global recession was mainly caused by



Which meant that the private sector of the Nigerian economy should normally be immune from the effect because or mortgage sectors are not directly linked to the international policies. Attempting to link the two unrelated events is an act of skoptsy, which doesn't help in validating your line of argument.








I will give you a few 'uses'

National conference with nothing to show for it.
$20 Billion missing funds which could have increased the external reserve
#1 Billion budgeted for food
Budgeting N2.2 billion for a “befitting banqueting hall in Aso Rock Villa,” as was the case last year (2012)
N34.5 million for the feeding of lions in the Aso Rock Zoo.

One particularly disgusting item in the 2014 budget is the provision of N1.6 billion as deposit for the purchase of a new aircraft for the presidential fleet that already boasts a record 10 planes and is ranked among the most luxurious worldwide. The profligate presidential fleet is complemented with an extravagant motorcade and glamorous lifestyle. Only two domestic airlines have that many aircraft. Nigerians need to know how much money goes into the maintenance of this large fleet of non-commercial aircraft.
In 2011, N18 billion was reportedly budgeted to maintain the presidential aircraft.

Source: http://www.punchng.com/editorial/jonathans-wasteful-spending-on-presidential-aircraft-fleet/


Do you need more links?