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Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration - Politics - Nairaland

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Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by Rikidony(m): 2:38pm On May 26, 2015
Obasanjo with all the criticisms he faced left $24
Billion in our foreign reserve after clearing 90% of
our debts when crude oil was selling for $51.

Yaradua continued from the and added around $9
Billion to the foreign reserve and also cleared
some debts before death took him away from us.
Again, crude oil during Yaradua was still $51.
Jonathan became the President in May, 2010, and
by May 2015, it was discovered that he had
accrued a debt of 60 Billion Dollars after depleting
our foreign reserve to $1.2 Billion despite
witnessing the highest surge in crude oil sales; it
stood at $150 for 41 months!!!

Let's do a simple calculation;

$1 = N228
$60 Billion x 228 = N13.7 Trillion (Interest
excluded).
If Nigeria pays back N5 Billion every month, then
N13.7 Trillion divided by N5 Billion gives us 2740.
That is 2740 months.
12 months = 1 Year
2740 divided by 12 months gives us 228. That
means we need 228 years to pay the debt at N5
Billion per month.
In other words, it will take Nigeria at least 228
years to repay the debt Jonathan owed, guess
what? Interest excluded!

This clearly means that our children, grand
children, great grand children and great great
grand children will still be paying for what
Jonathan owed.
He started with fuel crisis at N141 per litre and
ended with fuel crisis at unofficial N350 per litre
Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by drizzydrag(m): 2:42pm On May 26, 2015
From yo calculations above, u mean GEJ incurred d sum $25 billion buh according to d Coordinating Minister for the Economy (CME) and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Saturday put the nation’s total debt stock at $63.7 billion, which encompasses multilateral as well as domestic loans by successive federal and state governments since 1960. She said that of this figure, $21.8 billion was incurred under the outgoing government of President Goodluck Jonathan. So, where did u get yo own figures from?

Am a fan of #Change buh am not a fan of Mustard seed brain *wink*

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Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by Nobody: 2:42pm On May 26, 2015
Clap for yourself! You've made some sense.


Do you realize he was not responsible for the entire $60billion? I'm sure you wouldn't know that.

GEJ has failed but mixing up figures shows your mustard seed brain.

Half truth is still lie.

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Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by Nobody: 2:47pm On May 26, 2015
Nairaland have tvrned this quy to confirm mathematician.
Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by Penssuwa(m): 2:47pm On May 26, 2015
Enough of all these jiggery-pokery, let the new man assume office. I hope he "sanitize" APC chieftains first.
Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by socialmediaman: 2:47pm On May 26, 2015
gbl01:
Clap for yourself! You've made some sense.


Do you realize he was not responsible for the entire $60billion? I'm sure you wouldn't know that.

GEJ has failed but mixing up figures shows your mustard seed brain.

Half truth is still lie.

He was responsible for almost half the entire debt. Don't forget all these debt accumulated since 1960 but his government alone was responsible for almost half of it. Where is the transformation?
Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by Rikidony(m): 2:50pm On May 26, 2015
gbl01:
Clap for yourself! You've made some sense.


Do you realize he was not responsible for the entire $60billion? I'm sure you wouldn't know that.

GEJ has failed but mixing up figures shows your mustard seed brain.

Half truth is still lie.
That's what TANoid says when their a.as are being expose undecided
Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by Princecalm(m): 2:52pm On May 26, 2015
I still wonder why GEJ is not in the Guiness book of record.
Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by xandy84: 2:53pm On May 26, 2015
I do not mean to be rude but you cant just wake up, cook up some figures from God knows where and want people to believe you.. Freedom of speech and availability of internet has made every Nigerian critics even if they failed WAEC economics... Too bad

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Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by Nobody: 4:21pm On May 26, 2015
Rikidony:

That's what TANoid says when their a.as are being expose undecided

Its cost nothing to be sensible without accusing the other person. Wtf is tanoid?

Grow up dude.
Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by Jossyroyal1: 4:27pm On May 26, 2015
post like dis hardly makes FP but let wait and see.... who knows?
Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by denko(m): 4:31pm On May 26, 2015
Who is this brainless young man?
Rikidony:
Obasanjo with all the criticisms he faced left $24
Billion in our foreign reserve after clearing 90% of
our debts when crude oil was selling for $51.

Yaradua continued from the and added around $9
Billion to the foreign reserve and also cleared
some debts before death took him away from us.
Again, crude oil during Yaradua was still $51.
Jonathan became the President in May, 2010, and
by May 2015, it was discovered that he had
accrued a debt of 60 Billion Dollars after depleting
our foreign reserve to $1.2 Billion despite
witnessing the highest surge in crude oil sales; it
stood at $150 for 41 months!!!

Let's do a simple calculation;

$1 = N228
$60 Billion x 228 = N13.7 Trillion (Interest
excluded).
If Nigeria pays back N5 Billion every month, then
N13.7 Trillion divided by N5 Billion gives us 2740.
That is 2740 months.
12 months = 1 Year
2740 divided by 12 months gives us 228. That
means we need 228 years to pay the debt at N5
Billion per month.
In other words, it will take Nigeria at least 228
years to repay the debt Jonathan owed, guess
what? Interest excluded!

This clearly means that our children, grand
children, great grand children and great great
grand children will still be paying for what
Jonathan owed.
He started with fuel crisis at N141 per litre and
ended with fuel crisis at unofficial N350 per litre
Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by Rikidony(m): 4:41pm On May 26, 2015
denko:
Who is this brainless young man?
sharrrrrrrrrraaaaaaaaappppppp get the fvck off this thread angry

1 Like

Re: Breakdown Of The Debt GEJ Will Be Leaving For The Next Administration by tinkinjow: 4:50pm On May 26, 2015
The calculation in it self is fraudulent.

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