Check out this figures and think about it.
Nigeria produces about 2.1m p/d
Nigeria produces 766.5m b/yr
During the peak period of oil 2010-2015 it was sold @$100 on the average
During this peak period Nigeria earned a total of $76.6bn p/yr.
Nigeria earned a total of $383bn btw 2010-2015 (5yr Period)
Nigeria has a stake of 55% in the NNPC joint ventures with the foreign oil companies.
Nigeria own share in the oil sale is $211bn during the the peak period.
Let us assume the running cost of producing, Labour, logistics and sundry is put at 2m % that is put at $53bn
After all deduction Nigeria must have earned about $158bn as profit in 5years.
Pls note I didn't consider the oil revenue lost to theft and pipeline vandalism.
From what was left in our foreign reserve when Jonathan was leaving Aso rock.
He whacked all the money we made in 5yrs, plundered us into massive debts.
He stole the reserve left by his predecessors. He looted the returned looted funds. He stole all on sight
He was a disaster personified.
Meanwhile we also earned funds from other Arms of govt. Customs, FIRS etc.
I agree in totality we lost over $200bn to the ineffectual buffoon.
# jonathanmustbecaged

Let's even do away with d indexes, GEJ erred!!!

While there is no doubt about the massive stealing between 1999-2007-2015 i doubt that figure. $200b is crazy figure for real. If amazed through oil theft then it is possible but can hardly be through the government's purse in 5 years.

So all the money was invested in Dubai. None in Switzerland, UK, USA,Barbados, Ghana, Venezuela etc. No properties were bought in Abuja or Banana Island, no private jets were purchased. Meanwhile they said 7 ex governors, so the other 29 plus the Presidency and ministers must have shared another $600 billion since they were not as dubious as these 7. By the time they calculate all the monies stolen it will be more than 5 times all the money Nigeria has made since independence.