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Nairaland Forum / Nairaland / General / Politics / Comparing Cumulative Budgets Of OBJ And GEJ (895 Views)
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Comparing Cumulative Budgets Of OBJ And GEJ by Olaposiwaju: 10:11pm On Mar 25, 2015 |
OBJ: 1999-2007, total budget N 9.21tn for 8 yrs in office. GEJ: 2010-2014, total budget N23.45tn for 4 yrs in office Effectively GEJ has spent in 5 years, a sum that's about 2.5 times what OBJ spent in 8 yrs OBJ regime grew our external reserves by a staggering 930% from $5bn to $45bn in 1999, paid up a $12bn external debt, grew the economy from below 3% to over 7%, agric sector also grew by same margin to a record high of 7.4% by the end of 2006, reduced unemployment to a record low of about 6% by 2006, domestic debt to about N2tn by 2007, still left $22bn in th excess crude account and actually improved the exchange rate from 133 to 117 Naira to the Dollar until the global financial recession of 2008/2009. GEJ regime has not added a dime to the external reserves despite earning far higher revenue than any Nigerian president in history but has actually depleted the reserves, escalated external debt, economy still below 7% , agric sector growth dropped to 5% (forget the hype about eliminating corruption in fertilizer distribution), grew unemployment to over 23% (record), poverty incidence to 71% (another record), grew domestic debt to N7.65tn from N4.5tn in 2010, has depleted excess crude account and we now have the worst exchange rate in the history of this country. Remember all of this happened in an era of unprecedented boom!!! 4 Likes 1 Share |
Re: Comparing Cumulative Budgets Of OBJ And GEJ by temitemi1(m): 10:15pm On Mar 25, 2015 |
GEJ till 2019!!! 1 Like |
Re: Comparing Cumulative Budgets Of OBJ And GEJ by SeverusSnape(m): 10:21pm On Mar 25, 2015 |
GEJ all the way!!! |
Re: Comparing Cumulative Budgets Of OBJ And GEJ by Nobody: 10:22pm On Mar 25, 2015 |
temitemi1: Am really begining to suspect that you are an Autobot Guy, how you take dey every page? |
Re: Comparing Cumulative Budgets Of OBJ And GEJ by Nobody: 10:28pm On Mar 25, 2015 |
Olaposiwaju: Why should anyone believe your indices more than International Institution who are unanimous that Nigeria now has number 1 economy KPMG has commended Nigeria's investment in infrastructure expecially Railway lines. Who does not know about the roads and ariports being built? All this progress we have made do not come for free you know? 1 Like |
Re: Comparing Cumulative Budgets Of OBJ And GEJ by nastyd(m): 11:02pm On Mar 25, 2015 |
[b][/b] This are Simple Facts This Govt is Milking this Country Dry Not surprising tho..since according to the C in C... "Stealing is not corruption" Cluelessness @ its Peak! #Sai Baba #Sai BUHARI VOTE 4 THE CHANGE...THIS NATION DESERVES |
Re: Comparing Cumulative Budgets Of OBJ And GEJ by oremusanctus: 11:04pm On Mar 25, 2015 |
Jonathna is d best tin dat has ever happened to dis country He's still d best happening in d country We don't value wad we ve till we lose it Woe to dem dat leaves a vibrant youth for an old man Sai jonathan |
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