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Which Nigerian President Drank The Most Oil ( See Data) - Politics - Nairaland

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Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 5:59am On Dec 11, 2015
Crude oil was $25.42 a barrel when Obasanjo was sworn in as President in May 1999. Prices rode steady until it got to $91.20 in August 2007, crossed the $100 mark in October 2007, and reached the all-time high of $145.58 in June 2008. President Umaru Yar'Adua was President from May 2007 – May 2010.

Prices fell to $64.33 in November 2008 and slide further south to $43.96 in February 2009. Between June 2009 to February 2011, prices fluctuated from $76.86 to $96.30 and crossed the $100 mark again in March 2011. It rose to $116.42 in April 2011 but never inched higher to $120.00. Prices fluctuated between $86.16 as low in September 2011 and $109. 82 in August 2013.

Price was $105 in June 2014 and started dropping steadily. It was $80.86 in October 2014, $54.14 in December 2014, $48.65 in January 2015. Good luck Jonathan was President from 5 May 2010 – 29 May 2015

Prices rose again to $60.30 in May 2015, and dropped to $36.58 in December 2015. So, President Buhari has more money today than President Obasanjo had in May 1999.

Study the figures closely and note the following:
1. OBJ was president (29 May 1999 – 29 May 2007) = 96 Months
2. UMYA was president (29 May 2007–5 May 2010) = 35 Months.
3. GEJ was president (5 May 2010 – 29 May 2015) = 60 Months
http://www.macrotrends.net/1369/crude-oil-price-history-chart
Posted by your E. MADUWESI

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Re: Which Nigerian President Drank The Most Oil ( See Data) by Nobody: 6:04am On Dec 11, 2015
Jonathan oo
Had the most successful oil sales but shared the money among his allies

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Re: Which Nigerian President Drank The Most Oil ( See Data) by benedictnsi(m): 6:05am On Dec 11, 2015
Same people who confiscated and embezzled public funds with GEJ, they are same people criticising him for mismanagement and whatever......


GEJ our Hero tongue

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Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 6:11am On Dec 11, 2015
I don't want to believe what the VP said about the youth of Nigeria.
Study the data well before commenting. This will help.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 6:13am On Dec 11, 2015
Yungwizzzy:
Jonathan oo

Had the most successful oil sales but shared the money among his allies
You think so? How did you come up with that?
Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 6:15am On Dec 11, 2015
benedictnsi:
undecided
This thread is for people with cognitive thinking skills can you hang?

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Re: Which Nigerian President Drank The Most Oil ( See Data) by arewafederation: 6:29am On Dec 11, 2015
Can you please remind us how much GEJ left in the reserves compared to OBJ and Yar'adua?



PS: You god and hero GEJ has his signatures all over the Dasuki saga, and many more to be uncovered. So all these red district analysis will not change the fact that GEJ is a goat that must vomit all the yam he ate.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 6:39am On Dec 11, 2015
arewafederation:
Can you please remind us how much GEJ left in the reserves compared to OBJ and Yar'adua?



PS: You god and hero GEJ has his signatures all over the Dasuki saga, and many more to be uncovered. So all these red district analysis will not change the fact that GEJ is a goat that must vomit all the yam he ate.
Did you click to check the legitimacy of the link? Those are World oil prices, coupled with undisputable time frames. Stay on topic please, we are trying to have an intelligent converstion here with facts and figures not fanatics and their fantasies. Thanks.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by Nobody: 6:42am On Dec 11, 2015
Please don't make me hate GEJ more than I do already, so even at $27/barrel, obansanjo was able to leave more than $67 in foreign reserve when he left office from $1.7 billion he met when he got into power. And with crude oil selling well above $100/ barrel,how much did GEJ leave behind? GEJ was really a collosus disaster, thank God for change

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Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 6:45am On Dec 11, 2015
tobimillar:
Please don't make me hate GEJ more than I do already
Oooookayyyy so your answer in GEJ?
We are measuring intelligence here so double check your figures. This is not a propaganda thread check fp for those.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by Nobody: 6:46am On Dec 11, 2015
Jonathan. He was drinking the crude with mug and tumbler cup. I mean adult sized cups

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Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 6:51am On Dec 11, 2015
Keneking:
Jonathan. He was drinking the crude with mug and tumbler cup. I mean adult sized cups
If you can't do the figures in your head your allowed to use paper and calculator. So is that your final answer, and which calculations gave you that answer?

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Re: Which Nigerian President Drank The Most Oil ( See Data) by arewafederation: 6:53am On Dec 11, 2015
biafranqueen:

Did you click to check the legitimacy of the link? Those are World oil prices, voupled with undisputable time frames. Stay on topic please, we are trying to have an intelligent converstion here with facts and figures not fanatics and their fantasies. Thanks.

I still ask, how much did GEJ leave in the reserves compared to OBJ and Yar'adua? That will tell us which president "drank" the most oil except ofcourse., if this is a discussion of interlectually jaundiced fanatics grin

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Re: Which Nigerian President Drank The Most Oil ( See Data) by Nobody: 6:56am On Dec 11, 2015
biafranqueen:
Oooookayyyy so your answer in GEJ?
We are measuring intelligence here so double check your figures. This is not a propaganda thread check fp for those.


It's not about propaganda it's about fact and figures. I modified my comment, read again an dispute ONLY with facts and figures

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Re: Which Nigerian President Drank The Most Oil ( See Data) by Warlord3000(m): 6:58am On Dec 11, 2015
Smh


#that awkward moment when you think you are scoring points not knowing you are doing an "own-goal" cheesy

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Re: Which Nigerian President Drank The Most Oil ( See Data) by Abagworo(m): 7:00am On Dec 11, 2015
arewafederation:


I still ask, how much did GEJ leave in the reserves compared to OBJ and Yar'adua? That will tell us which president "drank" the most oil except ofcourse., if this is a discussion of interlectually jaundiced fanatics grin

And the poster was being clever by half because Jonathan and Yar'adua ruled together from May 2007. Calculate from May 2007 to May 2015 for GEJ and realise the financial recklessness.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by jaybee3(m): 7:01am On Dec 11, 2015
The average oil price during GEJ's tenure was considerably higher than that of OBJ despite OBJ having spent more months at the helm.

Nigeria also had a lower aggregated crude output if you were to combine OBJ and Yaradua's tenure together since they had to contend with ND militancy

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Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 7:02am On Dec 11, 2015
tobimillar:



It's not about propaganda it's about fact and figures. I modified my comment, read again an dispute ONLY with facts and figures
Maybe you missed the topic title. Mention me in a thread " Who left the most money" Be sure to add projects completed and cost , loans recicved etc; I will join you there so we stay on topic.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 7:05am On Dec 11, 2015
Abagworo:


And the poster was being clever by half because Jonathan and Yar'adua ruled together from May 2007. Calculate from May 2007 to May 2015 for GEJ and realise the financial recklessness.
They ruled together? So are you people calling for Sambos head too? Please stay on topic what is your answer jeez louise.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 7:07am On Dec 11, 2015
jaybee3:
The average oil price during GEJ's tenure was considerably higher than that of OBJ despite OBJ having spent more months at the helm.

Nigeria also had a lower aggregated crude output if you were to combine OBJ and Yaradua's tenure together since they had to contend with ND militancy

[img][/img]

[img]<iframe src='http://cdn.tradingeconomics.com/embed/?s=nigeriacruoilpro&v=201512102008m&d1=19150101&d2=20151231&h=300&w=600' height='300' width='600' frameborder='0' scrolling='no'></iframe><br />source: <a href='http://www.tradingeconomics.com/nigeria/crude-oil-production'>tradingeconomics.com</a>[/img]
When you add in Boko Harem that GEJ contended with, which cost the most. Please we are looking for the answer. So are you saying GEJ? Keep in mind Buhari had more money today than OBJ had in 1999.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by 2kris(m): 7:09am On Dec 11, 2015
biafranqueen:
If you can't do the figures in your head your allowed to use paper and calculator. So is that your final answer, and which calculations gave you that answer?
you wasting ur time educating a paid poster.someone that have filled his/her heart with hate will never see anything good from this topic.as long as the see the name biafra queen hmmmmmm the hatred will multiply there godfather have declared anything biafra illigal so swthrt becarefull with blammers
Re: Which Nigerian President Drank The Most Oil ( See Data) by 2kris(m): 7:19am On Dec 11, 2015
biafranqueen:
Its okay sweetie. I am hoping if I get some blood flowing threw their brains it can unblock the brain cells stunted from waving broom over it.
ok stay safe dear.

1 Like

Re: Which Nigerian President Drank The Most Oil ( See Data) by biafranqueen: 7:22am On Dec 11, 2015
2kris:
ok stay safe dear.
I will babe. Just pray for the broken hearts of parents that wasted school fee money. cry
Re: Which Nigerian President Drank The Most Oil ( See Data) by trillville(m): 7:29am On Dec 11, 2015
This thread is shocking. Has education falling so low in naija?

Op mind yourself oh. You are opening gej nyash for everybody to see.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by seunmsg(m): 7:41am On Dec 11, 2015
biafranqueen:
When you add in Boko Harem that GEJ contended with, which cost the most. Please we are looking for the answer. So are you saying GEJ? Keep in mind Buhari had more money today than OBJ had in 1999.


What was the size of the National budget in 2000? If you don't know, it was less than N1trillion. Crude price of $25 can easily finance that. Now, we are talking about a proposed National budget of N6trillion. Crude price of $38 in an era of N6trillion national budget cannot be compared to crude price of $25 in an era of N800billion national budget. We have since moved away from the level of 1999/2000 so, stop comparing apples with oranges.

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Re: Which Nigerian President Drank The Most Oil ( See Data) by jaybee3(m): 7:42am On Dec 11, 2015
biafranqueen:
When you add in Boko Harem that GEJ contended with, which cost the most. Please we are looking for the answer. So are you saying GEJ? Keep in mind Buhari had more money today than OBJ had in 1999.

Take a good look at the pictures attached to this post.

OBJ statistically would have sold most oil simply because he had the longest tenure BUT the average prices for large chunk of that tenure couldn't have been more than $30 or there about.

Production was fairly consistent with average price for GEJ's comparable period north of $80

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Re: Which Nigerian President Drank The Most Oil ( See Data) by hardywaltz(m): 7:43am On Dec 11, 2015
GEJ the heroic thief....

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Re: Which Nigerian President Drank The Most Oil ( See Data) by Beremx(f): 7:50am On Dec 11, 2015
Keneking:
Jonathan. He was drinking the crude with mug and tumbler cup. I mean adult sized cups
Lol! He was actually drinking the oil with "who send you" cup.

The Otuoke drunk was really a disaster to Nigeria.

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