Jarizod:
Nawa oooooooooooooooo

I can't help but to Shake My Head in disappointment too.

abike12:


Your point is?

All Nigerians, including you and I, are responsible for how things have changed.

[quote author=amagunnerfan post=49711631]

Le shoeless and not Buhari got us into this mess.

This is exactly the problem. He ruined us. He had plenty but plurged us into debt. Figures below will do justice.

2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars

http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death



3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp

N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion

As at 2010, Oil Price was at $89 per barrel

As at 2011, It was $103 per barrel - During Le shoeless' regime.

As at November 2014 it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003

Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show.

Le shoeless was producing more oil and was selling for more than Buhari, almost 4 times more. Got us into debt to the ton of over $5 billion. Depleted the reserve from $47. 7 billion to $38.2 billion and this is despite selling our crude for more and without militrants unrest.

I believe u were in Nigeria when the governor's forum went to court so that the money in the excess crude account be shared. Amaechi led them then. Just a reminder. What did they do with the money after collecting? But they are all in this present government of hardship.

Omonigeriarere:


So Buhari should be blamed for 'sharing' that do not happen under his regime according to your warp logic. When will you start thinking straight?

When you buy yourself some sense.

astarotte:


All Nigerians, including you and I, are responsible for how things have changed.

You are responsible for jumping on my comment to put words in my mouth. All I said was things have changed. Reading is fundamental. Goodbye

before IMF and babaginda destroyed the naira

ShutdownBrown24:
Fuc!k buhari

u are a foolish man

vengertime:
Buhari should be in jail now, for Nigerians future. He has come to destroy

wah da hell are you saying... u gat no sense... who was the head head of state back then if you don't know ask someone

Who else noticed yen was 383 and my papa no go Japan go do yahoo

buhari don kill us oooooooooooooooooo

ShutdownBrown24:
Fuc!k buhari

But this started with the Babangida regime and was continued by Obasanjo.

Towncrier007:
buhari don kill us oooooooooooooooooo

Devaluation of the make a started with the Babangida regime and was continued by Obasanjo.