| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by columbus007(m): 4:13pm On Jan 29, 2016 |
koboko69:
[size=15pt]Brace for tougher times ahead, Okonjo-Iweala tells Nigerians[/size] -NOV 2014
http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
THE AIM OF DIGGING UP THIS ARTICLE:
Pleae note: Madam Okonjor made this assertions in November 2014.
1. This is to remind the Wailing Wailers who keep attacking the current minister of Finance that the ex Finance Minister whom they so much believe in and whom they believe would have been a messiah sounded the alarm of a very tough economy ahead even when oil was still as high as 76usd per barrel. Do I need to remind anyone the price of oil per barrel now?
2. The ex Minister of Finance only saw a need to block revenue leakages when Oil prices started dropping low. Was any action taken after her suggestion? No!!! Rather, despite the dwindling oil prices, CBN became am ATM to allies of the president, where raw Dollars/Naira where withdrawn/tansferred under the guise of phantom projects, bogus subsidy claims, arms procurements. Etc. Now we are suffering of dollar crunch.
Who came on board to block the leakages? The new Sheriff off course, President Buhari.
3. If at $76/per barrel, Madam Okonjor was already ringing bells, why do the Wailing Wailers expect a booming economy from a government which is less than a year in office, and currently selling oil at $28 per barrel? Rather than wailing, they should rather support the government in steps taken to move Nigeria forward.
4. Madam Okonjor needs to explain to Nigerians why Nigeria was not saving for the dry season when oil was sold well above $100 per barrel. What happened to all the revenues generated when oil was booming? We only had booming economy on papers, ordinary Nigerians never felt a booming economy under her watch.
To the Wailing Wailers:
President Buhari have succeeded in blocking a lot of revenue leakages, and is driving seriously for non oil revenue generations as it is evident in the changes made in the Nigeria Customs, FIRS, and the appointment of learned scholar Dr. kayode Fayemi as the minister of Solid minerals.Etc
We have also seen efforts to recover stolen money even though some term it political witch hunting. The almost dead EFCC whose duty was reduced to chasing Internet fraudsters popularly known as Yahoo boys have suddenly rosen up to their responsibilities. Fraudsters like Olisah Metuh, Dansuki and the likes are already feeling the heat.
Efforts to recover stollen money is also a form of blocking revenue leakages.
The fact remains that APC led government can not correct the 16 years rot of PDP in less than a year and it is illogical to blame the current economic woes on the newly elected president. Only the blind will not see President Buhari is really working to make Nigeria great again.
SO FAR SO GOOD, PRESIDENT BUHARI IS PERFORMING ECONOMIC MIRACLES, HE HAS NOT EVEN BORROWED TO PAY ANY SALARIES
God bless the Federal Rubublic of Nigeria
NB: I am a die hard APC supporter with No Apologies!!!! d most foolish post ever.  |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by LouisVanGaal(m): 4:16pm On Jan 29, 2016 |
nd07:
Thanks OP 4 ur article No4 & thank God u declared ur faction as APC. d problem d nation faces today is as a result of d greediness of APC officials. Okonjo Iweala clearly told parliamentarians & governors during her days in d office to set our benchmark on $47 & save d rest. ur party vehemently opposed it. that was one of d reasons why Amechi fought to lead d governor's forum. I watched live when a northern APC senator was angrily, without reservation abusing Iweala to d point of calling her derogatory names. ur APC insisted on "share d money" campaign. whatever a man sows, he shall reap. they thought they were working against PDP not knowing they'll soon b there. why r they crying foul 4 meeting an empty treasury? who made d treasury empty? ...what would you do, if you saving money in a bank and the officials are siphoning the money without reasonable excuse  Wouldn't you close the acct ? The GEJs govt was renowned with corruption and embezzlement of funds...It couldn't convince the govs enough that their money(state) were safe...you blame the then govt for causing such distrust..we could see how the Abacha's loot was squandered by that govt; how abt the Arms deal and etc?? 2 Likes |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by opwa4us(m): 4:16pm On Jan 29, 2016 |
Redoil:
Let me pity ur ailing condition as an automatic zombie and ur bad janjawe.edian life by answering kwestion 4.
When okonjo and gej were crying blood telling nigeria to save for the hard times ahaed some of ur captians of zombie and ur janjawee.dian 5 star generals who are ameachi the air lord fashole the tomboy of tinubu who spent $85 million to buy an already existed site $150million in digging a borehole, oshiomole the go and die governor with opolo eye who spent over $200million marrying an ethiopian goddess, took gej to court and and shouted corruption of which you koboko69, gbawe the slum the dweller, beremx, omenka, passingshot, delgardo, demdem and all scam change agent were shouting kworruption. I pity you. Apc change Only if you can talk with your full reasoning. Even the Bible says it. 'If the foundation is wrong, what shall the righteous do' the farmer that plants in the rain knows there is dry season coming and he needs irrigation to keep it going. Am not putting the blame on the last administration but they are the source of our economic stagnation. We didn't save for the harder time all were shared as profit. Back then in secondary we save our tfare to have money to spend at the end of the year party. 3 Likes |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by omoekiti6(m): 4:23pm On Jan 29, 2016 |
sometimes i think some people's brain would fetch a hansome price if it were to be put up for sale buh sometimes when i check their name i do rest my case imagine when someone name is INCORRECT1 what do you expect from them anyways i ain't disappionted only a fool would think 16years of faileur can be corrected in less than a year or was ROME built in a day 1 Like |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by madridsta007(m): 4:27pm On Jan 29, 2016 |
koboko69:
[size=15pt]Brace for tougher times ahead, Okonjo-Iweala tells Nigerians[/size] -NOV 2014
http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
THE AIM OF DIGGING UP THIS ARTICLE:
Pleae note: Madam Okonjor made this assertions in November 2014.
1. This is to remind the Wailing Wailers who keep attacking the current minister of Finance that the ex Finance Minister whom they so much believe in and whom they believe would have been a messiah sounded the alarm of a very tough economy ahead even when oil was still as high as 76usd per barrel. Do I need to remind anyone the price of oil per barrel now?
2. The ex Minister of Finance only saw a need to block revenue leakages when Oil prices started dropping low. Was any action taken after her suggestion? No!!! Rather, despite the dwindling oil prices, CBN became am ATM to allies of the president, where raw Dollars/Naira where withdrawn/tansferred under the guise of phantom projects, bogus subsidy claims, arms procurements. Etc. Now we are suffering of dollar crunch.
Who came on board to block the leakages? The new Sheriff off course, President Buhari.
3. If at $76/per barrel, Madam Okonjor was already ringing bells, why do the Wailing Wailers expect a booming economy from a government which is less than a year in office, and currently selling oil at $28 per barrel? Rather than wailing, they should rather support the government in steps taken to move Nigeria forward.
4. Madam Okonjor needs to explain to Nigerians why Nigeria was not saving for the dry season when oil was sold well above $100 per barrel. What happened to all the revenues generated when oil was booming? We only had booming economy on papers, ordinary Nigerians never felt a booming economy under her watch.
To the Wailing Wailers:
President Buhari have succeeded in blocking a lot of revenue leakages, and is driving seriously for non oil revenue generations as it is evident in the changes made in the Nigeria Customs, FIRS, and the appointment of learned scholar Dr. kayode Fayemi as the minister of Solid minerals.Etc
We have also seen efforts to recover stolen money even though some term it political witch hunting. The almost dead EFCC whose duty was reduced to chasing Internet fraudsters popularly known as Yahoo boys have suddenly rosen up to their responsibilities. Fraudsters like Olisah Metuh, Dansuki and the likes are already feeling the heat.
Efforts to recover stollen money is also a form of blocking revenue leakages.
The fact remains that APC led government can not correct the 16 years rot of PDP in less than a year and it is illogical to blame the current economic woes on the newly elected president. Only the blind will not see President Buhari is really working to make Nigeria great again.
SO FAR SO GOOD, PRESIDENT BUHARI IS PERFORMING ECONOMIC MIRACLES, HE HAS NOT EVEN BORROWED TO PAY ANY SALARIES
God bless the Federal Rubublic of Nigeria
NB: I am a die hard APC supporter with No Apologies!!!! You should have done more research, my friend. When NOI made that prediction, she went ahead to propose savings at the centre, state and local government levels. She proposed the Excess Crude Account, the ECA and suggested that margins from the Federal, State and Local Government accounts go into that to save for rainy days. This plan was opposed by Rotimi Amaechi who was the Chairman of the Governors Forum then. The Governors Forum, led by Amaechi took the FG to court on this, and won the case. GEJ, being the democrat that he is, allowed the rule of law to hold. In the end the savings went ahead, but it was only in form of savings from the Federal Government- and not the State or LGA, which Amaechi and co blocked. The Excess Crude Account, which Buhari met, was the funds which he used in his ill-advised bailout plans to state, ironically, States who took the FG to court on grounds of its 'illegality'. If Amaechi and his cronies had not opposed the plans, Nigeria would have been in a far much more better state, revenue-wise, than it currently is. Do NOT blame NOI. The whole blame falls on APC's Amaechi and members of the Governor Forum who felt it was better to loot than to save. Blame Buhari who felt it was wise to spend that particular money on footing bills of Governors who spent their states' allocation to footing bills for their political parties. I am not a die-hard supporter of any party. Just a lover of truth. http://www.vanguardngr.com/2012/09/govs-drag-jonathan-to-court/ 2 Likes |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by AlPeter: 4:31pm On Jan 29, 2016 |
nd07:
Thanks OP 4 ur article No4 & thank God u declared ur faction as APC. d problem d nation faces today is as a result of d greediness of APC officials. Okonjo Iweala clearly told parliamentarians & governors during her days in d office to set our benchmark on $47 & save d rest. ur party vehemently opposed it. that was one of d reasons why Amechi fought to lead d governor's forum. I watched live when a northern APC senator was angrily, without reservation abusing Iweala to d point of calling her derogatory names. ur APC insisted on "share d money" campaign. whatever a man sows, he shall reap. they thought they were working against PDP not knowing they'll soon b there. why r they crying foul 4 meeting an empty treasury? who made d treasury empty? do you guys fail to read or you just can't read. I really don't seem to understand your points. Can the governors stop the FG for setting benchmarks for expenditures or his this one of you wailers usual conjectures. When Okonjo spoke about savings who were in the majority was it not PDP? How many APC governors were there? Where they up to 15? Could the state governors stop the FG from saving part of it's allocations? Oga abeg second base 2 Likes |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by naijagobetter(m): 4:32pm On Jan 29, 2016 |
koboko69:
[size=15pt]Brace for tougher times ahead, Okonjo-Iweala tells Nigerians[/size] -NOV 2014
http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
THE AIM OF DIGGING UP THIS ARTICLE:
Pleae note: Madam Okonjor made this assertions in November 2014.
1. This is to remind the Wailing Wailers who keep attacking the current minister of Finance that the ex Finance Minister whom they so much believe in and whom they believe would have been a messiah sounded the alarm of a very tough economy ahead even when oil was still as high as 76usd per barrel. Do I need to remind anyone the price of oil per barrel now?
2. The ex Minister of Finance only saw a need to block revenue leakages when Oil prices started dropping low. Was any action taken after her suggestion? No!!! Rather, despite the dwindling oil prices, CBN became am ATM to allies of the president, where raw Dollars/Naira where withdrawn/tansferred under the guise of phantom projects, bogus subsidy claims, arms procurements. Etc. Now we are suffering of dollar crunch.
Who came on board to block the leakages? The new Sheriff off course, President Buhari.
3. If at $76/per barrel, Madam Okonjor was already ringing bells, why do the Wailing Wailers expect a booming economy from a government which is less than a year in office, and currently selling oil at $28 per barrel? Rather than wailing, they should rather support the government in steps taken to move Nigeria forward.
4. Madam Okonjor needs to explain to Nigerians why Nigeria was not saving for the dry season when oil was sold well above $100 per barrel. What happened to all the revenues generated when oil was booming? We only had booming economy on papers, ordinary Nigerians never felt a booming economy under her watch.
To the Wailing Wailers:
President Buhari have succeeded in blocking a lot of revenue leakages, and is driving seriously for non oil revenue generations as it is evident in the changes made in the Nigeria Customs, FIRS, and the appointment of learned scholar Dr. kayode Fayemi as the minister of Solid minerals.Etc
We have also seen efforts to recover stolen money even though some term it political witch hunting. The almost dead EFCC whose duty was reduced to chasing Internet fraudsters popularly known as Yahoo boys have suddenly rosen up to their responsibilities. Fraudsters like Olisah Metuh, Dansuki and the likes are already feeling the heat.
Efforts to recover stollen money is also a form of blocking revenue leakages.
The fact remains that APC led government can not correct the 16 years rot of PDP in less than a year and it is illogical to blame the current economic woes on the newly elected president. Only the blind will not see President Buhari is really working to make Nigeria great again.
SO FAR SO GOOD, PRESIDENT BUHARI IS PERFORMING ECONOMIC MIRACLES, HE HAS NOT EVEN BORROWED TO PAY ANY SALARIES
God bless the Federal Rubublic of Nigeria
NB: I am a die hard APC supporter with No Apologies!!!! |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by Abagana1(m): 4:32pm On Jan 29, 2016 |
koboko69:
[size=15pt]Brace for tougher times ahead, Okonjo-Iweala tells Nigerians[/size] -NOV 2014
http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
THE AIM OF DIGGING UP THIS ARTICLE:
Pleae note: Madam Okonjor made this assertions in November 2014.
1. This is to remind the Wailing Wailers who keep attacking the current minister of Finance that the ex Finance Minister whom they so much believe in and whom they believe would have been a messiah sounded the alarm of a very tough economy ahead even when oil was still as high as 76usd per barrel. Do I need to remind anyone the price of oil per barrel now?
2. The ex Minister of Finance only saw a need to block revenue leakages when Oil prices started dropping low. Was any action taken after her suggestion? No!!! Rather, despite the dwindling oil prices, CBN became am ATM to allies of the president, where raw Dollars/Naira where withdrawn/tansferred under the guise of phantom projects, bogus subsidy claims, arms procurements. Etc. Now we are suffering of dollar crunch.
Who came on board to block the leakages? The new Sheriff off course, President Buhari.
3. If at $76/per barrel, Madam Okonjor was already ringing bells, why do the Wailing Wailers expect a booming economy from a government which is less than a year in office, and currently selling oil at $28 per barrel? Rather than wailing, they should rather support the government in steps taken to move Nigeria forward.
4. Madam Okonjor needs to explain to Nigerians why Nigeria was not saving for the dry season when oil was sold well above $100 per barrel. What happened to all the revenues generated when oil was booming? We only had booming economy on papers, ordinary Nigerians never felt a booming economy under her watch.
To the Wailing Wailers:
President Buhari have succeeded in blocking a lot of revenue leakages, and is driving seriously for non oil revenue generations as it is evident in the changes made in the Nigeria Customs, FIRS, and the appointment of learned scholar Dr. kayode Fayemi as the minister of Solid minerals.Etc
We have also seen efforts to recover stolen money even though some term it political witch hunting. The almost dead EFCC whose duty was reduced to chasing Internet fraudsters popularly known as Yahoo boys have suddenly rosen up to their responsibilities. Fraudsters like Olisah Metuh, Dansuki and the likes are already feeling the heat.
Efforts to recover stollen money is also a form of blocking revenue leakages.
The fact remains that APC led government can not correct the 16 years rot of PDP in less than a year and it is illogical to blame the current economic woes on the newly elected president. Only the blind will not see President Buhari is really working to make Nigeria great again.
SO FAR SO GOOD, PRESIDENT BUHARI IS PERFORMING ECONOMIC MIRACLES, HE HAS NOT EVEN BORROWED TO PAY ANY SALARIES
God bless the Federal Rubublic of Nigeria
NB: I am a die hard APC supporter with No Apologies!!!! Why will he borrow for how many months have he sat in there that he will borrow |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by vedaxcool(m): 4:39pm On Jan 29, 2016 |
Bookmarked |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by sirfemoz(m): 4:39pm On Jan 29, 2016 |
It's obvious this is what we will be getting for the remaining 3years; "Blame Game".. Does it mean that both the present government and it's supporters are gradually loosing it? Op have told us what former minister said 2years ago, have not heard anything from our current minister pertaining the economic situation.
#WeWatchtheNation |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by AlPeter: 4:41pm On Jan 29, 2016 |
madridsta007:
You should have done more research, my friend.
When NOI made that prediction, she went ahead to propose savings at the centre, state and local government levels. She proposed the Excess Crude Account, the ECA and suggested that margins from the Federal, State and Local Government accounts go into that to save for rainy days.
This plan was opposed by Rotimi Amaechi who was the Chairman of the Governors Forum then. The Governors Forum, led by Amaechi took the FG to court on this, and won the case. GEJ, being the democrat that he is, allowed the rule of law to hold.
In the end the savings went ahead, but it was only in form of savings from the Federal Government- and not the State or LGA, which Amaechi and co blocked.
The Excess Crude Account, which Buhari met, was the funds which he used in his ill-advised bailout plans to state, ironically, States who took the FG to court on grounds of its 'illegality'.
If Amaechi and his cronies had not opposed the plans, Nigeria would have been in a far much more better state, revenue-wise, than it currently is. Do NOT blame NOI. The whole blame falls on APC's Amaechi and members of the Governor Forum who felt it was better to loot than to save. Blame Buhari who felt it was wise to spend that particular money on footing bills of Governors who spent their states' allocation to footing bills for their political parties.
I am not a die-hard supporter of any party. Just a lover of truth.
http://www.vanguardngr.com/2012/09/govs-drag-jonathan-to-court/ you call yourself a lover of truth and here you are standing truth on it's head. You obviously didn't Read the Link you provided. Let me help you the governors took the FG to court due to what they referred to as 'excessive illegal deductions from the excess crude account' aka PILFERING aka STEALING. And more than half of these governors were from the PDP. NEXT excuse 2 Likes |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by bapullow: 4:41pm On Jan 29, 2016 |
Don't mind wailing wailers since Jega introduce card readers up to now they are still crying and complaining 1 Like |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by ow11(m): 4:44pm On Jan 29, 2016 |
Terrible Original post riddled with condensation. Especially as the poster purposefully chose to misspell the ex-minister's name. It is sad that some Nigerians (including some members of the new government) still continue in the triumphalism- read bigotry, buck passing -read incompetence and dishonesty we have practised to full effect since 1966 with the hope that the results would be different  Abeg let me go and put on my generator! Silly PDP and APC supporters |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by ALISMILE(m): 4:45pm On Jan 29, 2016 |
INTROVERT:
This article would have made more sense if the OP did not seek to blatantly attack perceived enemies. He never attacked anyone, he was only laying bear the hard truth to the hypocritical minds! 2 Likes |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by Joarams(m): 4:47pm On Jan 29, 2016 |
GreatAgb:
I asked you a simple question, what buffers have the present team put in place?
She said 2 key things
1. Block revenue leakages
2. Introduce economic buffers into the budget to cushion the effects.
So answer my question Answers 1. TSA implementation 2. Expansionary budget 1 Like |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by ManTiger(m): 4:49pm On Jan 29, 2016 |
koboko69:
[size=15pt]Brace for tougher times ahead, Okonjo-Iweala tells Nigerians[/size] -NOV 2014
http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
THE AIM OF DIGGING UP THIS ARTICLE:
Pleae note: Madam Okonjor made this assertions in November 2014.
1. This is to remind the Wailing Wailers who keep attacking the current minister of Finance that the ex Finance Minister whom they so much believe in and whom they believe would have been a messiah sounded the alarm of a very tough economy ahead even when oil was still as high as 76usd per barrel. Do I need to remind anyone the price of oil per barrel now?
2. The ex Minister of Finance only saw a need to block revenue leakages when Oil prices started dropping low. Was any action taken after her suggestion? No!!! Rather, despite the dwindling oil prices, CBN became am ATM to allies of the president, where raw Dollars/Naira where withdrawn/tansferred under the guise of phantom projects, bogus subsidy claims, arms procurements. Etc. Now we are suffering of dollar crunch.
Who came on board to block the leakages? The new Sheriff off course, President Buhari.
3. If at $76/per barrel, Madam Okonjor was already ringing bells, why do the Wailing Wailers expect a booming economy from a government which is less than a year in office, and currently selling oil at $28 per barrel? Rather than wailing, they should rather support the government in steps taken to move Nigeria forward.
4. Madam Okonjor needs to explain to Nigerians why Nigeria was not saving for the dry season when oil was sold well above $100 per barrel. What happened to all the revenues generated when oil was booming? We only had booming economy on papers, ordinary Nigerians never felt a booming economy under her watch.
To the Wailing Wailers:
President Buhari have succeeded in blocking a lot of revenue leakages, and is driving seriously for non oil revenue generations as it is evident in the changes made in the Nigeria Customs, FIRS, and the appointment of learned scholar Dr. kayode Fayemi as the minister of Solid minerals.Etc
We have also seen efforts to recover stolen money even though some term it political witch hunting. The almost dead EFCC whose duty was reduced to chasing Internet fraudsters popularly known as Yahoo boys have suddenly rosen up to their responsibilities. Fraudsters like Olisah Metuh, Dansuki and the likes are already feeling the heat.
Efforts to recover stollen money is also a form of blocking revenue leakages.
The fact remains that APC led government can not correct the 16 years rot of PDP in less than a year and it is illogical to blame the current economic woes on the newly elected president. Only the blind will not see President Buhari is really working to make Nigeria great again.
SO FAR SO GOOD, PRESIDENT BUHARI IS PERFORMING ECONOMIC MIRACLES, HE HAS NOT EVEN BORROWED TO PAY ANY SALARIES
God bless the Federal Rubublic of Nigeria
NB: I am a die hard APC supporter with No Apologies!!!! Permit me to share this on my wall sir. God bless you yafun yafun. 3 Likes |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by Nobody: 4:52pm On Jan 29, 2016 |
Joarams:
Answers
1. TSA implementation
2. Expansionary budget
What does Expansionary budget mean? |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by clefstone(m): 4:56pm On Jan 29, 2016 |
INTROVERT:
This article would have made more sense if the OP did not seek to blatantly attack perceived enemies. Introvert, no be abraka resort u take that picture for ur dp? 1 Like |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by OAFMods: 4:59pm On Jan 29, 2016 |
INTROVERT:
This article would have made more sense if the OP did not seek to blatantly attack perceived enemies. But the enemies are allowed to throw jabs at others right ? The way you people reason Na only God fit help una. No wailer or biafran as the monopoly of attacking personalities instead of addressing issues so please don't patronise us here on nairaland. 2 Likes |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by emmygzy(m): 5:06pm On Jan 29, 2016 |
koboko69:
Clown...can you substantiate this your claims or u think we are having a beee parlour gist here?
What is real an authentic is that the Buffon openned the gates to our Commonwealth popularly known as Yams to.goats just for his 2nd term agenda.....
You can not deny that fact can you buffon? all this APC pipl are zombies o. Anytime they're hear the truth, they turn it to an abuse. They opposed the man saving, now they are crying. APC is a useless party. |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by shaqhead: 5:08pm On Jan 29, 2016 |
GreatAgb:
I asked you a simple question, what buffers have the present team put in place?
She said 2 key things
1. Block revenue leakages
2. Introduce economic buffers into the budget to cushion the effects.
So answer my question [quote author=GreatAgb post=42424082] Son,Its obvious you dnt know what "Buffer" means? A simple google search would have said u ds embarrasment of asking which buffer this govt has put in place! In ds case, a buffer wd b a measure put in place BEFORE an occurrence. Which buffer do u expect the govt to put in place when we are in the heat of the downward trend in oil prices? As at Nov. 2014 till when gej crew was chased out no buffer was put in place, now in 2016 u are askin what this govt is doing abt it. Askin for buffers now is akin to askin us to fill up sandbags AFTER the impact of a tsunami! At a time like this a ROBUST FOREIGN RESERVE wd have been a good buffer as it wl reduce pressure on our currency and we wont b witnessin ds naira free fall! This was depleted at a time of Oil surplus by the same folks that were shoutin buffer! At a time like this a healthy EXCESS CRUDE ACCOUNT cd have been a buffer as this govt cd have tapped into it to ease pressure on its fiscal obligations. Ur hero and his band of thieves did same as above! At a time like this even a DIVERSIFIED ECONOMY even at its infancy wd have gone a long way in cushioning the effect of this economic hardship because it wl have brought FOREIGN EXCHANGE no matter how minimal. We had the funds then to kickstart a diversified economy. At a time like this a 40 percent (yes, jst 40 percennt) corruption-free MDAs of govt wd have enabled us to ride through this storm without much of the hue and cries now. Going by recent revelations of how some people in last administration turned Nigeria to a free chop restaurant, contributing to an already festering cancer, it becomes obvious why they cant have simple initiatives to put buffers in place. I dnt see u asking about plugging leakages cos its no longer propaganda as ur co-travellers wl sy! Dnt ask for "buffers" now, cos this govt in the SHORT TERM can only hand out "life jackets" (bail outs, low interest loans etc) until we ride past the eye of the storm! 2 Likes 1 Share |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by Nobody: 5:09pm On Jan 29, 2016 |
@ op, God bless ur medula for this timely/insightful reference!...wail on wailers! |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by iamKeo(m): 5:12pm On Jan 29, 2016 |
Zombie detected |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by chigoizie7(m): 5:13pm On Jan 29, 2016 |
Babacele:
let me upgrade lying wailer like u. 1 how much is the price of oil presently at the international market?
2. Why couldn't GEJ pay salaries at the twilight of his administration?
3. When u steal money meant for a project , what happens to the project? if you want the project to still take off, what wld you do?
4. what economic legacies did the last administration leave that discouraged profligacy?
5.Has PMB borrowed so far despite the PDP wickedheavy looting of d treasury.
you all can cry till eternity. If Gej could have done all that, why did APC want him out? Of course we believe he might be clueless, but getting him out of office only to take over and den become worst than he is while in office is clueless raised to power positive infinity |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by Orikinla(m): 5:22pm On Jan 29, 2016 |
koboko69:
[size=15pt]Brace for tougher times ahead, Okonjo-Iweala tells Nigerians[/size] -NOV 2014
http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
THE AIM OF DIGGING UP THIS ARTICLE:
Pleae note: Madam Okonjor made this assertions in November 2014.
1. This is to remind the Wailing Wailers who keep attacking the current minister of Finance that the ex Finance Minister whom they so much believe in and whom they believe would have been a messiah sounded the alarm of a very tough economy ahead even when oil was still as high as 76usd per barrel. Do I need to remind anyone the price of oil per barrel now?
2. The ex Minister of Finance only saw a need to block revenue leakages when Oil prices started dropping low. Was any action taken after her suggestion? No!!! Rather, despite the dwindling oil prices, CBN became am ATM to allies of the president, where raw Dollars/Naira where withdrawn/tansferred under the guise of phantom projects, bogus subsidy claims, arms procurements. Etc. Now we are suffering of dollar crunch.
Who came on board to block the leakages? The new Sheriff off course, President Buhari.
3. If at $76/per barrel, Madam Okonjor was already ringing bells, why do the Wailing Wailers expect a booming economy from a government which is less than a year in office, and currently selling oil at $28 per barrel? Rather than wailing, they should rather support the government in steps taken to move Nigeria forward.
4. Madam Okonjor needs to explain to Nigerians why Nigeria was not saving for the dry season when oil was sold well above $100 per barrel. What happened to all the revenues generated when oil was booming? We only had booming economy on papers, ordinary Nigerians never felt a booming economy under her watch.
To the Wailing Wailers:
President Buhari have succeeded in blocking a lot of revenue leakages, and is driving seriously for non oil revenue generations as it is evident in the changes made in the Nigeria Customs, FIRS, and the appointment of learned scholar Dr. kayode Fayemi as the minister of Solid minerals.Etc
We have also seen efforts to recover stolen money even though some term it political witch hunting. The almost dead EFCC whose duty was reduced to chasing Internet fraudsters popularly known as Yahoo boys have suddenly rosen up to their responsibilities. Fraudsters like Olisah Metuh, Dansuki and the likes are already feeling the heat.
Efforts to recover stollen money is also a form of blocking revenue leakages.
The fact remains that APC led government can not correct the 16 years rot of PDP in less than a year and it is illogical to blame the current economic woes on the newly elected president. Only the blind will not see President Buhari is really working to make Nigeria great again.
SO FAR SO GOOD, PRESIDENT BUHARI IS PERFORMING ECONOMIC MIRACLES, HE HAS NOT EVEN BORROWED TO PAY ANY SALARIES
God bless the Federal Rubublic of Nigeria
NB: I am a die hard APC supporter with No Apologies!!!! 
|
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by Nobody: 5:27pm On Jan 29, 2016 |
koboko69:
[size=15pt]Brace for tougher times ahead, Okonjo-Iweala tells Nigerians[/size] -NOV 2014
http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
THE AIM OF DIGGING UP THIS ARTICLE:
Pleae note: Madam Okonjor made this assertions in November 2014.
1. This is to remind the Wailing Wailers who keep attacking the current minister of Finance that the ex Finance Minister whom they so much believe in and whom they believe would have been a messiah sounded the alarm of a very tough economy ahead even when oil was still as high as 76usd per barrel. Do I need to remind anyone the price of oil per barrel now?
2. The ex Minister of Finance only saw a need to block revenue leakages when Oil prices started dropping low. Was any action taken after her suggestion? No!!! Rather, despite the dwindling oil prices, CBN became am ATM to allies of the president, where raw Dollars/Naira where withdrawn/tansferred under the guise of phantom projects, bogus subsidy claims, arms procurements. Etc. Now we are suffering of dollar crunch.
Who came on board to block the leakages? The new Sheriff off course, President Buhari.
3. If at $76/per barrel, Madam Okonjor was already ringing bells, why do the Wailing Wailers expect a booming economy from a government which is less than a year in office, and currently selling oil at $28 per barrel? Rather than wailing, they should rather support the government in steps taken to move Nigeria forward.
4. Madam Okonjor needs to explain to Nigerians why Nigeria was not saving for the dry season when oil was sold well above $100 per barrel. What happened to all the revenues generated when oil was booming? We only had booming economy on papers, ordinary Nigerians never felt a booming economy under her watch.
To the Wailing Wailers:
President Buhari have succeeded in blocking a lot of revenue leakages, and is driving seriously for non oil revenue generations as it is evident in the changes made in the Nigeria Customs, FIRS, and the appointment of learned scholar Dr. kayode Fayemi as the minister of Solid minerals.Etc
We have also seen efforts to recover stolen money even though some term it political witch hunting. The almost dead EFCC whose duty was reduced to chasing Internet fraudsters popularly known as Yahoo boys have suddenly rosen up to their responsibilities. Fraudsters like Olisah Metuh, Dansuki and the likes are already feeling the heat.
Efforts to recover stollen money is also a form of blocking revenue leakages.
The fact remains that APC led government can not correct the 16 years rot of PDP in less than a year and it is illogical to blame the current economic woes on the newly elected president. Only the blind will not see President Buhari is really working to make Nigeria great again.
SO FAR SO GOOD, PRESIDENT BUHARI IS PERFORMING ECONOMIC MIRACLES, HE HAS NOT EVEN BORROWED TO PAY ANY SALARIES
God bless the Federal Rubublic of Nigeria
NB: I am a die hard APC supporter with No Apologies!!!! If only you dug dipper down to year 2012http://www.channelstv.com/2012/04/13/fg-blame-governors-for-depletion-of-excess-crude-account/
FG blame governors for depletion of excess crude account
Channels Television.
Updated April 13, 2012The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has accused the state governor’s demand for distribution of the nation’s resources and opposition to the establishment of the Sovereign Wealth Fund, as the reasons for the depletion of the Excess Crude Account (ECA). She noted that the withdrawal and sharing of the monthly allocation has depleted the excess crude account to just about $3.6 billion as against over $20 billion, saved in the reserve account in 2006. The Minister warned that if the price of crude oil drops, the nation has no cushion for the economy because $3.6 billion is not enough to take the economy to any length of time.Dr Okonjo-Iweala made these revelations at the first civil society forum organised by the Ministry of Finance on Thursday in Abuja. According to the Minister, “the ECA and the Sovereign Wealth Fund (SWF) are very important, but we have the state governors saying no, we will only allow $1billion. In fact, we managed to get that, and now, they said it is illegal; and so, the country is not able to save in the ECA and we have left today in that account only about $3.6bn.”“Every month, because they (the governors) say it is illegal, we have been dipping hands into it (ECA). Instead of moving that money into the sovereign wealth account, it is being shared until it is almost at the bottom” she said, adding that “the argument about the legality or illegality is a moot point because we have spent almost all the money.” She further explained that “what that means is that should the price of oil drop today, we have no cushion because $3.6bn for this economy is not enough to take us to any length of time, and that was what I told them at the governors’ forum during the National Economic Council meeting the last time.” The governor’s forum is currently challenging the constitutionality of the Sovereign Wealth Fund in the court. She also allayed fears that $1billion SWF would be mismanaged by the Federal Government, pointing out that the Sovereign Wealth Act which establishes the Fund adequately provides for accountability in its management. Noting that fiscal federalism has created problems for the management of the Nigerian economy, Dr Okonjo-Iweala declared that “Nigeria, because of fiscal federalism cannot save.” “The constitution says the President should manage the economy for the benefit of everybody. The decision to save is also part of the management of the economy for the benefit of the people of Nigeria. Every state can save but the Federal Government can save for all Nigerians. The governors can insist on accountability in the management of the SWF as a guarantee against their apprehension” she opined.Emphasising the need for more savings, she noted that the crisis in Europe and the United States where about 60 per cent of the country’s crude oil is sold has made it difficult for the government to depend solely on oil revenue.
“This country depends on a product that is sold internationally and whatever happens there affects us. That is why we need to have savings. Sixty per cent of our oil is sold to the US and Europe, and these countries are facing big economic problems. For instance, the US has an unemployment rate of eight per cent; Spain, 24 per cent; and India, 9.9 per cent.
“So, if 60 per cent of our oil is sold to them, then we have a problem and any country that has great volatility such as ours will always have problem, and this will lead to crisis in the economy.”Removal of fuel subsidy The Minister also gave an indication that subsidy on petroleum products might be completely removed next year, noting that since the policy had failed in other major oil producing countries, its stoppage would enable the government to develop other key sectors of the economy.. Arguing that the complete withdrawal of fuel subsidy may be the answer to the protests by the governors over the current deductions from states monthly allocations, she stated that “on the basis of the fiscal responsibility and corruption, we found out that this subsidy cannot be sustained by the country, even Ghana that has just found oil has phased out the payment of subsidy because it found out that it could not sustain it. So, we must find other ways of solving this problem and cushioning this economy because we are still paying that subsidy, only that it is now partial.” She added, “I subscribe to the subsidy phase out and I will tell you why. Nigerians have refused to acknowledge the fact that we are subsidising neighbouring countries like Niger and Chad, and we are allowing money to get to some corrupt people; but of course, there are genuine importers. The Federal Government had on January 1, 2012 removed subsidy on petrol, leading to an increase in price from N65 per litre to N141. The removal led to social unrest and protests, which forced the government to reduce the price from N141 to N97 a litre. YOU CAN FOOL SOME PEOPLE BUT DEFINITELY NOT EVERYONE.NOI warned you all 4 yrs ago about the implication of sharing your excess revenue instead of saving and diversifying such funds but your governors said No and these same governors are the ones asking about the same money they shared and pretending as if they were not the ones that brought Nigeria into this present economic crises it is experiencing, they even went to court demanding that money should be shared instead of saving.NIGERIANS HAVE BEEN SUFFERING FROM COLLECTIVE AMNESIA SINCE 1914, TRUTH SEEMS TO BE ABHORRED IN NIGERIA AND I HONESTLY DONT KNOW WHY. |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by SirLewis(m): 5:28pm On Jan 29, 2016 |
You can't please human beings. Even our Lord Jesus Christ was killed by his own people despite all he did. Even if the economy were better, even if Nigerians all had free private jets and lived in mansions, we will still complain. It's human nature, insatiable desires. |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by ngoziama: 5:34pm On Jan 29, 2016 |
koboko69:
[size=15pt]Brace for tougher times ahead, Okonjo-Iweala tells Nigerians[/size] -NOV 2014
http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
THE AIM OF DIGGING UP THIS ARTICLE:
Pleae note: Madam Okonjor made this assertions in November 2014.
1. This is to remind the Wailing Wailers who keep attacking the current minister of Finance that the ex Finance Minister whom they so much believe in and whom they believe would have been a messiah sounded the alarm of a very tough economy ahead even when oil was still as high as 76usd per barrel. Do I need to remind anyone the price of oil per barrel now?
2. The ex Minister of Finance only saw a need to block revenue leakages when Oil prices started dropping low. Was any action taken after her suggestion? No!!! Rather, despite the dwindling oil prices, CBN became am ATM to allies of the president, where raw Dollars/Naira where withdrawn/tansferred under the guise of phantom projects, bogus subsidy claims, arms procurements. Etc. Now we are suffering of dollar crunch.
Who came on board to block the leakages? The new Sheriff off course, President Buhari.
3. If at $76/per barrel, Madam Okonjor was already ringing bells, why do the Wailing Wailers expect a booming economy from a government which is less than a year in office, and currently selling oil at $28 per barrel? Rather than wailing, they should rather support the government in steps taken to move Nigeria forward.
4. Madam Okonjor needs to explain to Nigerians why Nigeria was not saving for the dry season when oil was sold well above $100 per barrel. What happened to all the revenues generated when oil was booming? We only had booming economy on papers, ordinary Nigerians never felt a booming economy under her watch.
To the Wailing Wailers:
President Buhari have succeeded in blocking a lot of revenue leakages, and is driving seriously for non oil revenue generations as it is evident in the changes made in the Nigeria Customs, FIRS, and the appointment of learned scholar Dr. kayode Fayemi as the minister of Solid minerals.Etc
We have also seen efforts to recover stolen money even though some term it political witch hunting. The almost dead EFCC whose duty was reduced to chasing Internet fraudsters popularly known as Yahoo boys have suddenly rosen up to their responsibilities. Fraudsters like Olisah Metuh, Dansuki and the likes are already feeling the heat.
Efforts to recover stollen money is also a form of blocking revenue leakages.
The fact remains that APC led government can not correct the 16 years rot of PDP in less than a year and it is illogical to blame the current economic woes on the newly elected president. Only the blind will not see President Buhari is really working to make Nigeria great again.
SO FAR SO GOOD, PRESIDENT BUHARI IS PERFORMING ECONOMIC MIRACLES, HE HAS NOT EVEN BORROWED TO PAY ANY SALARIES
God bless the Federal Rubublic of Nigeria
NB: I am a die hard APC supporter with No Apologies!!!! Seun please work towards letting us have a dislike button to save us stress of commenting on some ops. |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by Babacele: 5:35pm On Jan 29, 2016 |
chigoizie7:
If Gej could have done all that, why did APC want him out? Of course we believe he might be clueless, but getting him out of office only to take over and den become worst than he is while in office is clueless raised to power positive infinity Jeeeez GEJ spent 6 years ooo abi u dey sleep nii? biko wake up o nwanem cos the stench of PDP s mess PMB is clearing like d Dasukigate might be lulling u to sleep o. GEJ could have after 6 years from PDP 16 years! could have! u see yr reasoning, could have! una fit carry GEJ go head una IPOB republic n allow im destroy una economy n lives. abeg lmao! 1 Like |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by DelGardo: 5:36pm On Jan 29, 2016 |
grandstar:
Buhari has his integrity intact but his economic policies are a disgrace. You are simply praising mediocrity.
Sanusi and Soludo, both staunch Buharist hsve condemned his policies.
Nobody is denying there is a crisis.But the government scores an F9 in managing it.
The naira should hit 400 this year. The economy is finished. I am apolitical. GEJ was inept Which particular policies are you disappointed with? As for Soludo and Sanusi all I have heard from them are not as horrible as you make it sound. You have to look at the intentions of government first and judge also their drive towards that intention. A policy (like ban on importation , certain items) will affect some people but will be in the longer term interest of a greater number of the people. In other words we cannot have a perfect policy. Naira will slide even if you hand this country to Obama. Because our source of revenue is oil, which is going southwards. We have heard the Economist, Bloomberg et al suggesting that Buhari should allow Naira to fall as low as it can. Is that the sort of policy you want Buhari to adopt? If so you will be disappointed because he is not likely to do that. 1 Like |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by chigoizie7(m): 5:42pm On Jan 29, 2016 |
Babacele:
Jeeeez GEJ spent 6 years ooo abi u dey sleep nii? biko wake up o nwanem cos the stench of PDP s mess PMB is clearing like d Dasukigate might be lulling u to sleep o. GEJ could have after 6 years from PDP 16 years! could have! u see yr reasoning, could have! una fit carry GEJ go head una IPOB republic n allow im destroy una economy n lives. abeg lmao! MtchEew |
| Re: What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) by Luckylife(m): 5:42pm On Jan 29, 2016 |
gbengaizzHe:
Wailing wailers mostly talk and contributes to matters of the economy out of hatred for PMB. They see only the flaws of the president.. trust me even if the exchange rate of Naira to dollar is 1naira to 1dollar, they'll still come up with something stupid to say...
They all need jesus did pmb and apc zombies Real know who Jesus is ? |
