datolee:


Please let not shift the goal post while the match is still in play sir. The argument is not about performance. But if you want to know, I will state some fact to you again.

What is performance in terms of government expenditure to you? you are talking about capital project right? but you and 1 know that capital project is not the only job of the Government (I must agree 100% that Nigeria government right from OBJ haven't address the inbalance of capital and recurrent expenditure, but that didn't start with GEJ and it would be hard to stop in few day without sacking a lot of civil servants)

Here is where the expenses went to, I will take 2 years of 2007 and 2011

2007

Total statutory transfer to states and LG = 102 Billion

Total debt service = 326 billion

Total recurrent (non debt) = 1.05 trillion

Total capital = 781 trillion

2011

Total statutory transfer to states and LG = 196 billion

Total debt service = 542 billion

Total recurrent (non debt) = 2.481 trillion

Total capital = 1.005 trillion

So what is your point exactly?

frankyychiji:
Caveat: This is to warn all janja.weeds (supporters of Apc; new meaning of the word), that the man whose name appears at the beginning of this post is armed and very dangerous and must be avoided by all evildoers. He has extinguished many already. He takes no prisoners! Be warned.

datolee:


HAHAHAH barcanista!!! you should take the number 10 jersey off Messi, you fit dribble blindfolded.

Here is what you wrote in the OP

EXTERNAL DEBT:
Inherited: $30 billion
Cleared : $18 billion
Paid: $ 12 billion Dollars
Left: $3,348.22bn-2007

[s]You sir said that OBJ paid $12 billion, Cleared 18 billion... 12 + 18 = $30 billion... So how did you arrived to reducing the debt to $3 billion[/s]

It is either that OBJ didn't clear our debt or he did... please which one?

To your question, I have answered it many times. Your questions where, why did our debt increase and why did the external reserve decrease under GEJ... are these not your question? if they are, here is my answer once again

1) External debt increased because we have more expenditure and revenue haven't kept the pace (still trying to find Nigeria's revenue history) plus the issue of theft of crude and output disruptions http://www.bloomberg.com/news/2013-10-31/nigeria-finance-ministry-says-revenue-gap-may-reach-12-billion.html

2) deleted because it is not part of your question

[s]3) External reserve was deplated because SLS prefer defending the Naira with external reserve than devaluing the naira.[/s]

It will be a sad day for us all, if you deny your own post, Please man up and answer my own questions

[s]1) Did OBJ clear our $30 billion debt as per your OP?

2) If he did, how can he still left $3 billion when leaving office?[/s]

I will test you again, however, like maradona you are, I can bet you will never answer the question straightforward

barcanista:
He keep running and running. He definitely have no clue on this but trying to see if he can be cunny. This is the same debate that the FG ran away when challenged by Madam Oby Ezekwesilli

ayukdaboss:

2010 - 2.14billion DOLLARS
2011 - 2.38 BILLION DOLLARS
2012 - 2.1 BILLION DOLLARS
2013 - 2.2 BILLION DOLLARS
TOTAL = 8.82 BILLION DOLLARS
Plus 1BILLION DOLLARS JONA.DAFT JUST BORROWED!

http://militarybudget.org/nigeria
Now Read Below:

Where did the the military keep these weapons? In your house?

And why the hell is Jona.daft censored?

django1:


There must be something wrong with that figure in bold.

EldaTimba:

Factoring that still doesn't lead to a 500% increase in budget. What I mean is this: if the inflation is an average of 10%, then the budget should have increased by 314% not 500%. Did you understand?

django1:


There must be something wrong with that figure in bold.

django1:


There must be something wrong with that figure in bold.

omenka:
Good strategy. There are a billion and one things to be said about this indescribably inept and corrupt government. We'd take them bit by bit so those partially handicapped upstairs can keep pace.

datolee:


HAHAHAH barcanista!!! you should take the number 10 jersey off Messi, you fit dribble blindfolded.

Here is what you wrote in the OP

EXTERNAL DEBT:
Inherited: $30 billion
Cleared : $18 billion
Paid: $ 12 billion Dollars
Left: $3,348.22bn-2007

You sir said that OBJ paid $12 billion, Cleared 18 billion... 12 + 18 = $30 billion... So how did you arrived to reducing the debt to $3 billion

It is either that OBJ didn't clear our debt or he did... please which one?

To your question, I have answered it many times. Your questions where, why did our debt increase and why did the external reserve decrease under GEJ... are these not your question? if they are, here is my answer once again

1) External debt increased because we have more expenditure and revenue haven't kept the pace (still trying to find Nigeria's revenue history) plus the issue of theft of crude and output disruptions http://www.bloomberg.com/news/2013-10-31/nigeria-finance-ministry-says-revenue-gap-may-reach-12-billion.html

2) deleted because it is not part of your question

3) External reserve was deplated because SLS prefer defending the Naira with external reserve than devaluing the naira.

It will be a sad day for us all, if you deny your own post, Please man up and answer my own questions

1) Did OBJ clear our $30 billion debt as per your OP?

2) If he did, how can he still left $3 billion when leaving office?

I will test you again, however, like maradona you are, I can bet you will never answer the question straightforward

ayukdaboss:

The lucky one who once had "no shoes and boxers". Things have changed bro...The "I once had no shoes" crooner can now afford a house full of shoes and a billion naira food budget while some Nigerians don't have what to eat. Bro personally I'm from the South and some of us voted for this man but trust me, you have to put a gun on my head before I'll vote for Jona.daft next year. You don't give a theif who knows he ain't coming back another chance to steal for four good years.

ayukdaboss:

True. The Guy isn't even sure of wherever he's lifting those figures from.

Firefire:



I cautiously agree that Jonathan performance could not measure to the high expectation of most Nigerians...

It is also unfortunate that he got many enemies within the four walls of Nigeria bent on frustrating his program and demonized him.

Howbeit, I will counsel you to change your mind set about him, let support him as much as we could hoping that the next four years 2015-19 would be a PAYBACK Time for Nigeria. (To compensate for all shortfalls)

Please to NOT think GMB can ever become the President of Nigeria again... so unfortunate that APC could not provide a formidable opposition than the heavily spent-out General.

I wish you and yours well, now and in the future.

Shalom!

barcanista:
Off-Point Alert!!!

EldaTimba:

I am once a again DISAPPOINTED in you. You keep on calling Ezekwesilli's name as if she is a credible source. That she was a world bank VP doesn't make her a credible source. Or would you take Soyinka's bashing on Buhari article as a credible source of information?
2. You keep on saying datolee is running when you haven't answered some of his questions. OBJ borrowed $3 billion in two years. If we are to follow this path, then GEJ is PRUDENT.
3. Finally, with a plain mind, we all know who is running round circle. FACTS are SACRED

Obiagelli:

Ask your president how 200 billion for susidy jumped to 1.2 trillion, that should explain the remaining 200% jump in the budget.

Economy growing @ 7% yearly should also bring in more funds except your government is lying about that too.

EldaTimba:

Ma, this isn't not about subsidy. It is about budget. You Barcanista saidsubsidy is for another day/thread. But for now, let us face this issue.

barcanista:
Obj left a Reserve of $45 billion

GEJ not only borrowed but he went as far as depleting the reserve. It is like you have no clue

barcanista:
Stop trying to be clever by half again. It was clear that Obj was indebted at a latter period of his era, hence, the $3billion loan. I provided you link for Everything!!! He paid $12 b and was again indebted to $3 billion at another period of time. Hence, I didn't do any addition so as not to tamper with what is obtainable in the reports.

How does that answer the question? See It is clear that you have nothing to offer or if you do, explain the poser I have been throwing at you.. Don't tell me you didn't see it.

The Sanusi's case is ridiculous, Not even Sanusi or NOI could defend it because it will be dead on arrival.

barcanista:
Obj left a Reserve of $45 billion

GEJ not only borrowed but he went as far as depleting the reserve. It is like you have no clue

barcanista:
You don't understand what is being discussed obviously

barcanista:
S.e.un and Ob.ino.sc.op.y, we are appealing for a FP!!! I don't know why you guys are keeping blind eye.

barcanista:
I don't even know why Obiagelli is responding to you. You have no clue

datolee:


You see, you simply can't answer the question. Lets move on to next.

Here is a link of SANUSI himself stating very bold that he will not devalue the naira rather he will use the external reserve to defend the Naira http://www.nigeria-news-world.com/2013/09/i-will-defend-naira-with-reserves-sanusi.html#.VFyHTvmUf-F

http://www.vanguardngr.com/2013/09/i-will-defend-the-naira-with-reserves-sanusi/

http://www.vanguardngr.com/2013/09/i-ll-not-devalue-the-naira-sanusi/

Now when you are done reading those, please turn over to bloomberg

http://www.bloomberg.com/news/2014-02-25/naira-devaluation-seen-on-central-bank-upheaval-africa-credit.html

Digest while I have Lunch / Dinner

Obiagelli:

You must be a clown, you talked about recession hitting government hard in 2011 and i asked what the price of crude was in 2011, lets see how hard it hit our government.
I see you like shadows a lot, blanket statement don't do it for me. Bye

Barcanista, he is all yours.

datolee:


I join you in the laughter bro Jonathan must be kicked out but PDP must stay.... your understanding is legendary

barcanista:
Obj left a Reserve of $45 billion

GEJ not only borrowed but he went as far as depleting the reserve. It is like you have no clue

datolee:



Final question, did any of these fund taken out of the external reserve? if the answer is NO, then what is your point really?

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.


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

Link provided by Detolee

omenka:
Very typical, just like your lord; hound a man for exposing corruption.

Whenever I think about Jonathan and the manner in which he manages the country's wealth, all I remember are Amanpour's words in the interview she had with him when he attended a meeting of the World Economic Forum in Davos.

Below was her question:



And Jonathan's awesome reply was:



People around the president know deep down he should have absolutely no business whatsoever with leadership.