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The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 2:43pm On Aug 06, 2017
The Jonathan Years — Separating fact from fiction So I stumbled on an argument which had started with someone who basically was refuting the notion that President Goodluck Jonathan had performed poorly during his time in office. The poster went on to ask “performed poorly compared to who? When were ur lives better?” As with most discussions on Jonathan, the for and against camps duly assembled and a lot of back and forth ensued. What I found most intriguing was the argument being made around resources that were available to him and how compared to other leaders Jonathan had enjoyed significant goodwill and resources yet achieved nothing of significance. Naturally, the inference was made from the fact that Nigeria earned a significant amount of money from oil between 2011 and 2014 when oil averaged $100-$110 per barrel and there was some stability in production. On the basis of this “oil boom” and in the light of the state of government finances and economy bequeathed to his successor President Muhammadu Buhari, it appears Jonathan has a case to answer…….or does he? To address this issue, Nigeria’s fiscal performance between 2011–2014 needs to be reviewed. How much did the Federal Government actually have at its disposal? How much did it have to spend? What was the spending on and how much of the spending was discretionary? The table below gives a view on revenue and expenditure given certain parameters: The numbers were calculated to look at maximum revenue that could have accrued to the Jonathan government and then looked at the expenditure profile that was inherited. Nigerians incorrectly assume that all revenue from oil production accrues to the federal government…..as the table shows, this is very far from reality. The federal government gets about 21% of total oil revenue generated by Nigeria! When ECA savings and fuel subsidy cost are taken out, that share drops to 13%…..a sobering realization for those who believed Nigeria was a wealthy country (some still do). This is why industry experts have pushed for the Petroleum Industry Bill (PIB) which has remained mired in controversy and stalled in the National Assembly by vested interests for almost a decade. With a combination of the best ever non oil income and FG independent revenue (both from 2014), federal government total available revenue is calculated as N3.6Trillion per annum. According to those on the “Against” side of the debate mentioned above, this constituted the significant resources that were available to the Jonathan administration and from which he did nothing of significance. To be clear, N3.6Trillion is a significant sum; until 2010 the federal government budget had never exceeded N2.9Trillion. However, late President Umaru Musa Yar’Adua would change all that as he went on a course of expansionary spending in response to the global financial crisis. President Yar’Adua inherited a N2.27Trillion budget when he took over in 2007; his last budget before he passed away was the 2010 budget of N4.6Trillion (a 100% budget growth within that period). Capital expenditure had grown by 137%, while recurrent expenditure had grown by 96%. He set in motion the process that led to the huge wage bill increase as the Justice Belgore led committee he inaugurated recommended the increase in minimum wage from N7,500 to N18,000. He implemented the Niger Delta Amnesty program and his reluctance to increase petrol price in line with rising oil prices contributed to rising subsidy cost (he had actually reduced price as soon as he took office, from N75 back to the N65 that had been in place since 2004). To be clear, President Yar’Adua’s actions fit the times as he was grappling with the global economic crisis and indeed needed to spend to stimulate the economy. However, he showed remarkable fiscal responsibility that is unrivaled by any other leader, ensuring a significant portion of the budget uplift went towards capital expenditure. The 2010 budget (N4.6Trillion total spend) had N1.85Trillion voted for capital expenditure (40% of total budget), still the highest (amount and percentage of total budget) in Nigeria’s history. Compare that to the 2016 budget of N6.07Trillion with N1.59Trillion capital expenditure (26%). Going back to the table above, one can see the expenditure profile that was inherited by President Jonathan as shown by numbers in his first full year in office (2011). Recurrent expenditure which was largely non discretionary was about N2.8Trillion. This meant amount available for capital expenditure was under N800Billion and would not be sufficient to carry out meaningful interventions like revamping the rail sector, increasing power generation capacity and improving transmission, restoring refineries to optimal performance, rehabilitation of airports and building/renovation of roads and bridges across the country, while dealing with the growing insurgency in the North East. With the refusal by the people to completely do away with fuel subsidy cost (which as shown above would have boosted the amount available for capital expenditure beyond the N1Trillion mark), the federal government resorted to borrowing. This led to a Catch 22 situation — the more they borrowed to plug budget gaps, the higher the debt service element became. This meant they had even less for capital expenditure and had to borrow more….the real definition of one chance! Available data shows that the Jonathan administration focused on reducing personnel cost and other non debt recurrent expenditure while increasing the non oil revenue and FG independent revenue (see budget implementation infographic from BudgiTng here). Having addressed the resources part of the debate by showing the federal government did not have an endless supply of funds and was actually running deficit budgets, the focus now shifts to the alleged non delivery of anything significant. Apart from paying salaries and servicing debt, what did the Jonathan admin spend the funds at its disposal on? One good example is power generation. In her 56 years of existence as an independent nation, Nigeria has a total generating capacity of 13,308 MW. The Jonathan administration in its 5 years delivered 40% of that capacity (5,382 MW) through the National Integrated Power Projects (NIPP) program. Another which comes to mind is the first standard gauge railway in Nigera, the Abuja-Kaduna rail line that was launched in July 2016 by President Buhari. Part of the Lagos-Kano standard gauge line, the Abuja-Kaduna leg was completed in December 2014 with the next segment being the Lagos-Ibadan leg which was already awarded by the Jonathan administration and due for completion in 2016, see here. Keen to share his principal’s achievements, the late Oronto Douglas put together a presentation titled “Footprints of Goodluck Jonathan — Transformation at a Glance”, see here. Make of it what you will. While it is clear that Nigeria made more money per annum during President Jonathan’s time in office than under any other leader before him (and so far after him), the cost structure and the infrastructure deficit he inherited provided significant challenges to the Transformation Agenda. Throw in the fact that rising oil prices were both a blessing and a curse; the importation of almost all domestic fuel requirement under a subsidy regime meant as oil prices rose, subsidy cost rose as well. Still, the Jonathan administration delivered more infrastructural projects per spend than any other Nigerian government in history. There is no doubt President Goodluck Jonathan and his team had their failings (allowing Boko Haram spiral out of control and the ineffective response to the Chibok kidnapping stand out), however a debate on achievements should be based on facts not conjecture. The facts speak for themselves and show quite clearly that the current regime has very big shoes to fill. What is important is that while having these debates and retrospective musings, the people must not lose sight of the present. Nigeria’s primary concern is how her current leaders perform at any given time. While we may rightfully castigate and ask for prosecution of supposedly bad leaders, we must under no circumstance allow those in power use that as an excuse for an inability to bring the promised improvement to the fore. As I said in an earlier article (see here), the people do not owe any leader more than their vote. Once that has been freely given and election won, the people must move from partisanship to active citizenship to ensure that the fate of Nigeria in the immediate and long term, as well as of generations yet to come remains paramount. Defending the indefensible and jumping into every debate to support inanities does not a great nation make, leaders must be held to account. Our democracy is young and still developing, we are all still learning the ropes. However, in today’s globalized world, development should happen within a fraction of the time it took others, as we have access to information and knowledge of what worked well (and otherwise) in other climes. Nigeria needs her people to embrace the challenge to build a knowledge nation, one where people are aware, knowledgeable and positively engaged. This is where I agree with President Buhari; this type of change will indeed need to begin with us.

Re: The Jonathan Years; Separating Facts From Fiction. by rottennaija(m): 2:54pm On Aug 06, 2017
RZArecta:
The Jonathan Years — Separating fact from fiction So I stumbled on an argument which had started with someone who basically was refuting the notion that President Goodluck Jonathan had performed poorly during his time in office. The poster went on to ask “performed poorly compared to who? When were ur lives better?” As with most discussions on Jonathan, the for and against camps duly assembled and a lot of back and forth ensued. What I found most intriguing was the argument being made around resources that were available to him and how compared to other leaders Jonathan had enjoyed significant goodwill and resources yet achieved nothing of significance. Naturally, the inference was made from the fact that Nigeria earned a significant amount of money from oil between 2011 and 2014 when oil averaged $100-$110 per barrel and there was some stability in production. On the basis of this “oil boom” and in the light of the state of government finances and economy bequeathed to his successor President Muhammadu Buhari, it appears Jonathan has a case to answer…….or does he? To address this issue, Nigeria’s fiscal performance between 2011–2014 needs to be reviewed. How much did the Federal Government actually have at its disposal? How much did it have to spend? What was the spending on and how much of the spending was discretionary? The table below gives a view on revenue and expenditure given certain parameters: The numbers were calculated to look at maximum revenue that could have accrued to the Jonathan government and then looked at the expenditure profile that was inherited. Nigerians incorrectly assume that all revenue from oil production accrues to the federal government…..as the table shows, this is very far from reality. The federal government gets about 21% of total oil revenue generated by Nigeria! When ECA savings and fuel subsidy cost are taken out, that share drops to 13%…..a sobering realization for those who believed Nigeria was a wealthy country (some still do). This is why industry experts have pushed for the Petroleum Industry Bill (PIB) which has remained mired in controversy and stalled in the National Assembly by vested interests for almost a decade. With a combination of the best ever non oil income and FG independent revenue (both from 2014), federal government total available revenue is calculated as N3.6Trillion per annum. According to those on the “Against” side of the debate mentioned above, this constituted the significant resources that were available to the Jonathan administration and from which he did nothing of significance. To be clear, N3.6Trillion is a significant sum; until 2010 the federal government budget had never exceeded N2.9Trillion. However, late President Umaru Musa Yar’Adua would change all that as he went on a course of expansionary spending in response to the global financial crisis. President Yar’Adua inherited a N2.27Trillion budget when he took over in 2007; his last budget before he passed away was the 2010 budget of N4.6Trillion (a 100% budget growth within that period). Capital expenditure had grown by 137%, while recurrent expenditure had grown by 96%. He set in motion the process that led to the huge wage bill increase as the Justice Belgore led committee he inaugurated recommended the increase in minimum wage from N7,500 to N18,000. He implemented the Niger Delta Amnesty program and his reluctance to increase petrol price in line with rising oil prices contributed to rising subsidy cost (he had actually reduced price as soon as he took office, from N75 back to the N65 that had been in place since 2004). To be clear, President Yar’Adua’s actions fit the times as he was grappling with the global economic crisis and indeed needed to spend to stimulate the economy. However, he showed remarkable fiscal responsibility that is unrivaled by any other leader, ensuring a significant portion of the budget uplift went towards capital expenditure. The 2010 budget (N4.6Trillion total spend) had N1.85Trillion voted for capital expenditure (40% of total budget), still the highest (amount and percentage of total budget) in Nigeria’s history. Compare that to the 2016 budget of N6.07Trillion with N1.59Trillion capital expenditure (26%). Going back to the table above, one can see the expenditure profile that was inherited by President Jonathan as shown by numbers in his first full year in office (2011). Recurrent expenditure which was largely non discretionary was about N2.8Trillion. This meant amount available for capital expenditure was under N800Billion and would not be sufficient to carry out meaningful interventions like revamping the rail sector, increasing power generation capacity and improving transmission, restoring refineries to optimal performance, rehabilitation of airports and building/renovation of roads and bridges across the country, while dealing with the growing insurgency in the North East. With the refusal by the people to completely do away with fuel subsidy cost (which as shown above would have boosted the amount available for capital expenditure beyond the N1Trillion mark), the federal government resorted to borrowing. This led to a Catch 22 situation — the more they borrowed to plug budget gaps, the higher the debt service element became. This meant they had even less for capital expenditure and had to borrow more….the real definition of one chance! Available data shows that the Jonathan administration focused on reducing personnel cost and other non debt recurrent expenditure while increasing the non oil revenue and FG independent revenue (see budget implementation infographic from BudgiTng here). Having addressed the resources part of the debate by showing the federal government did not have an endless supply of funds and was actually running deficit budgets, the focus now shifts to the alleged non delivery of anything significant. Apart from paying salaries and servicing debt, what did the Jonathan admin spend the funds at its disposal on? One good example is power generation. In her 56 years of existence as an independent nation, Nigeria has a total generating capacity of 13,308 MW. The Jonathan administration in its 5 years delivered 40% of that capacity (5,382 MW) through the National Integrated Power Projects (NIPP) program. Another which comes to mind is the first standard gauge railway in Nigera, the Abuja-Kaduna rail line that was launched in July 2016 by President Buhari. Part of the Lagos-Kano standard gauge line, the Abuja-Kaduna leg was completed in December 2014 with the next segment being the Lagos-Ibadan leg which was already awarded by the Jonathan administration and due for completion in 2016, see here. Keen to share his principal’s achievements, the late Oronto Douglas put together a presentation titled “Footprints of Goodluck Jonathan — Transformation at a Glance”, see here. Make of it what you will. While it is clear that Nigeria made more money per annum during President Jonathan’s time in office than under any other leader before him (and so far after him), the cost structure and the infrastructure deficit he inherited provided significant challenges to the Transformation Agenda. Throw in the fact that rising oil prices were both a blessing and a curse; the importation of almost all domestic fuel requirement under a subsidy regime meant as oil prices rose, subsidy cost rose as well. Still, the Jonathan administration delivered more infrastructural projects per spend than any other Nigerian government in history. There is no doubt President Goodluck Jonathan and his team had their failings (allowing Boko Haram spiral out of control and the ineffective response to the Chibok kidnapping stand out), however a debate on achievements should be based on facts not conjecture. The facts speak for themselves and show quite clearly that the current regime has very big shoes to fill. What is important is that while having these debates and retrospective musings, the people must not lose sight of the present. Nigeria’s primary concern is how her current leaders perform at any given time. While we may rightfully castigate and ask for prosecution of supposedly bad leaders, we must under no circumstance allow those in power use that as an excuse for an inability to bring the promised improvement to the fore. As I said in an earlier article (see here), the people do not owe any leader more than their vote. Once that has been freely given and election won, the people must move from partisanship to active citizenship to ensure that the fate of Nigeria in the immediate and long term, as well as of generations yet to come remains paramount. Defending the indefensible and jumping into every debate to support inanities does not a great nation make, leaders must be held to account. Our democracy is young and still developing, we are all still learning the ropes. However, in today’s globalized world, development should happen within a fraction of the time it took others, as we have access to information and knowledge of what worked well (and otherwise) in other climes. Nigeria needs her people to embrace the challenge to build a knowledge nation, one where people are aware, knowledgeable and positively engaged. This is where I agree with President Buhari; this type of change will indeed need to begin with us. The Jonathan Years — Separating fact from fiction So I stumbled on an argument which had started with someone who basically was refuting the notion that President Goodluck Jonathan had performed poorly during his time in office. The poster went on to ask “performed poorly compared to who? When were ur lives better?” As with most discussions on Jonathan, the for and against camps duly assembled and a lot of back and forth ensued. What I found most intriguing was the argument being made around resources that were available to him and how compared to other leaders Jonathan had enjoyed significant goodwill and resources yet achieved nothing of significance. Naturally, the inference was made from the fact that Nigeria earned a significant amount of money from oil between 2011 and 2014 when oil averaged $100-$110 per barrel and there was some stability in production. On the basis of this “oil boom” and in the light of the state of government finances and economy bequeathed to his successor President Muhammadu Buhari, it appears Jonathan has a case to answer…….or does he? To address this issue, Nigeria’s fiscal performance between 2011–2014 needs to be reviewed. How much did the Federal Government actually have at its disposal? How much did it have to spend? What was the spending on and how much of the spending was discretionary? The table below gives a view on revenue and expenditure given certain parameters: The numbers were calculated to look at maximum revenue that could have accrued to the Jonathan government and then looked at the expenditure profile that was inherited. Nigerians incorrectly assume that all revenue from oil production accrues to the federal government…..as the table shows, this is very far from reality. The federal government gets about 21% of total oil revenue generated by Nigeria! When ECA savings and fuel subsidy cost are taken out, that share drops to 13%…..a sobering realization for those who believed Nigeria was a wealthy country (some still do). This is why industry experts have pushed for the Petroleum Industry Bill (PIB) which has remained mired in controversy and stalled in the National Assembly by vested interests for almost a decade. With a combination of the best ever non oil income and FG independent revenue (both from 2014), federal government total available revenue is calculated as N3.6Trillion per annum. According to those on the “Against” side of the debate mentioned above, this constituted the significant resources that were available to the Jonathan administration and from which he did nothing of significance. To be clear, N3.6Trillion is a significant sum; until 2010 the federal government budget had never exceeded N2.9Trillion. However, late President Umaru Musa Yar’Adua would change all that as he went on a course of expansionary spending in response to the global financial crisis. President Yar’Adua inherited a N2.27Trillion budget when he took over in 2007; his last budget before he passed away was the 2010 budget of N4.6Trillion (a 100% budget growth within that period). Capital expenditure had grown by 137%, while recurrent expenditure had grown by 96%. He set in motion the process that led to the huge wage bill increase as the Justice Belgore led committee he inaugurated recommended the increase in minimum wage from N7,500 to N18,000. He implemented the Niger Delta Amnesty program and his reluctance to increase petrol price in line with rising oil prices contributed to rising subsidy cost (he had actually reduced price as soon as he took office, from N75 back to the N65 that had been in place since 2004). To be clear, President Yar’Adua’s actions fit the times as he was grappling with the global economic crisis and indeed needed to spend to stimulate the economy. However, he showed remarkable fiscal responsibility that is unrivaled by any other leader, ensuring a significant portion of the budget uplift went towards capital expenditure. The 2010 budget (N4.6Trillion total spend) had N1.85Trillion voted for capital expenditure (40% of total budget), still the highest (amount and percentage of total budget) in Nigeria’s history. Compare that to the 2016 budget of N6.07Trillion with N1.59Trillion capital expenditure (26%). Going back to the table above, one can see the expenditure profile that was inherited by President Jonathan as shown by numbers in his first full year in office (2011). Recurrent expenditure which was largely non discretionary was about N2.8Trillion. This meant amount available for capital expenditure was under N800Billion and would not be sufficient to carry out meaningful interventions like revamping the rail sector, increasing power generation capacity and improving transmission, restoring refineries to optimal performance, rehabilitation of airports and building/renovation of roads and bridges across the country, while dealing with the growing insurgency in the North East. With the refusal by the people to completely do away with fuel subsidy cost (which as shown above would have boosted the amount available for capital expenditure beyond the N1Trillion mark), the federal government resorted to borrowing. This led to a Catch 22 situation — the more they borrowed to plug budget gaps, the higher the debt service element became. This meant they had even less for capital expenditure and had to borrow more….the real definition of one chance! Available data shows that the Jonathan administration focused on reducing personnel cost and other non debt recurrent expenditure while increasing the non oil revenue and FG independent revenue (see budget implementation infographic from BudgiTng here). Having addressed the resources part of the debate by showing the federal government did not have an endless supply of funds and was actually running deficit budgets, the focus now shifts to the alleged non delivery of anything significant. Apart from paying salaries and servicing debt, what did the Jonathan admin spend the funds at its disposal on? One good example is power generation. In her 56 years of existence as an independent nation, Nigeria has a total generating capacity of 13,308 MW. The Jonathan administration in its 5 years delivered 40% of that capacity (5,382 MW) through the National Integrated Power Projects (NIPP) program. Another which comes to mind is the first standard gauge railway in Nigera, the Abuja-Kaduna rail line that was launched in July 2016 by President Buhari. Part of the Lagos-Kano standard gauge line, the Abuja-Kaduna leg was completed in December 2014 with the next segment being the Lagos-Ibadan leg which was already awarded by the Jonathan administration and due for completion in 2016, see here. Keen to share his principal’s achievements, the late Oronto Douglas put together a presentation titled “Footprints of Goodluck Jonathan — Transformation at a Glance”, see here. Make of it what you will. While it is clear that Nigeria made more money per annum during President Jonathan’s time in office than under any other leader before him (and so far after him), the cost structure and the infrastructure deficit he inherited provided significant challenges to the Transformation Agenda. Throw in the fact that rising oil prices were both a blessing and a curse; the importation of almost all domestic fuel requirement under a subsidy regime meant as oil prices rose, subsidy cost rose as well. Still, the Jonathan administration delivered more infrastructural projects per spend than any other Nigerian government in history. There is no doubt President Goodluck Jonathan and his team had their failings (allowing Boko Haram spiral out of control and the ineffective response to the Chibok kidnapping stand out), however a debate on achievements should be based on facts not conjecture. The facts speak for themselves and show quite clearly that the current regime has very big shoes to fill. What is important is that while having these debates and retrospective musings, the people must not lose sight of the present. Nigeria’s primary concern is how her current leaders perform at any given time. While we may rightfully castigate and ask for prosecution of supposedly bad leaders, we must under no circumstance allow those in power use that as an excuse for an inability to bring the promised improvement to the fore. As I said in an earlier article (see here), the people do not owe any leader more than their vote. Once that has been freely given and election won, the people must move from partisanship to active citizenship to ensure that the fate of Nigeria in the immediate and long term, as well as of generations yet to come remains paramount. Defending the indefensible and jumping into every debate to support inanities does not a great nation make, leaders must be held to account. Our democracy is young and still developing, we are all still learning the ropes. However, in today’s globalized world, development should happen within a fraction of the time it took others, as we have access to information and knowledge of what worked well (and otherwise) in other climes. Nigeria needs her people to embrace the challenge to build a knowledge nation, one where people are aware, knowledgeable and positively engaged. This is where I agree with President Buhari; this type of change will indeed need to begin with us.

Your writeup is difficult to read. Try arranging it and presenting it well
Re: The Jonathan Years; Separating Facts From Fiction. by Ebios(m): 3:24pm On Aug 06, 2017
rottennaija:


Your writeup is difficult to read. Try arranging it and presenting it well
Not only dat... it's too long

l wonder if he did summary in secondary school

l can't read
Re: The Jonathan Years; Separating Facts From Fiction. by chris4gold(m): 4:05pm On Aug 06, 2017
Let somebody summaries dis 4 us
Re: The Jonathan Years; Separating Facts From Fiction. by PatriotTemidayo: 4:15pm On Aug 06, 2017
Learn shorthand abeg angry

There's nothing you want to say that you can't say in few words undecided
Re: The Jonathan Years; Separating Facts From Fiction. by ivandragon: 4:55pm On Aug 06, 2017
@ OP,

remove the repetitions.


now to the matter, the major challenge the GEJ administration faced was the infrastructure-population gap deficit.

infrastructural development in Nigeria 'froze' in the 70s while population increased in leaps & bounds. for example, between 1960-2015, pop. rose from about 45m to 180m, approx. 300% increase. power on the other hand has not kept up with this population growth & the same scenario replicates itself across all sectors of Nigeria.

furthermore, the population growth was such that we now have a large 'illiterate' population who provide little to no value to the overall polity (except for being political thugs & social media miscreants).


& that is why today, we have the twin problems of our infrastructural investment not being able to catch up with the population growth & having a large population that contributes nothing.


what this means is that except we have a capital budget expenditure of at least $50b p/a for the next 10 years & a slowed down population growth of less than 1% p/a for the next 30 years, we would just be going around in circles.


bottom line is this, GEJ tried (made mistakes too, but he tried) but his spending was never going to catch up & over turn a deficit in such a short time same way the increase in the budget by this administration is an exercise in futility...


way forward?


restructure the system.

let states control at least 70% of her resources (among other adjustments).


that way, if a state like say... Kano feels it wants 100 LGs & allows its people to breed 20m almajeris a year, it would be solely responsible for whatever challenges it faces rather than shifting its misplaced priorities on others.

7 Likes 2 Shares

Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 5:47pm On Aug 06, 2017
rottennaija:


Your writeup is difficult to read. Try arranging it and presenting it well
there was a double post and couldn't edit it easily, done so now
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 6:51pm On Aug 06, 2017
https://medium.com/@phoenix_agenda/the-jonathan-years-separating-fact-from-fiction-c5d4fbacb29c
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 8:34am On Aug 07, 2017
Ebios:
Not only dat... it's too long

l wonder if he did summary in secondary school

l can't read
I wonder if you were taught comprehension in primary school or your parents taught you common sense at home
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 8:45am On Aug 07, 2017
#000000
Re: The Jonathan Years; Separating Facts From Fiction. by walemoney007(m): 8:59am On Aug 07, 2017
ivandragon:
@ OP

way forward?


restructure the system.

let states control at least 70% of her resources (among other adjustments).


that way, if a state like say... Kano feels it wants 100 LGs & allows its people to breed 20m almajeris a year, it would be solely responsible for whatever challenges it faces rather than shifting its misplaced priorities on others.




you have said it all with this,nothing else to add to it
smiley

3 Likes

Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 4:15pm On Aug 07, 2017
I wrote a response to ivandragon but since yesterday, I haven't been able to post it here. I post on other topics but this my response is just not going through. Something strange is going on here
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 4:43pm On Aug 07, 2017
There has been at least two years of non implemented budgets (2015/2016). With the way things are going, 2017 budget will also enter voicemail. Now bear in mind that for the last two budgets (2016/2017) we've had presentations of six trillion naira plus with their attendant deficits', number one problem.
Re: The Jonathan Years; Separating Facts From Fiction. by ivandragon: 4:46pm On Aug 07, 2017
RZArecta:
I wrote a response to ivandragon but since yesterday, I haven't been able to post it here. I post on other topics but this my response is just not going through. Something strange is going on here


ok
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 4:49pm On Aug 07, 2017
#000000
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 4:50pm On Aug 07, 2017
Now I ask, for how long is the FG going to keep pumping dollars into the economy ?
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 4:51pm On Aug 07, 2017
ivandragon:



ok
I'm cutting it into bits, never experienced such a thing before
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 4:55pm On Aug 07, 2017
Forex influx is what investors are supposed to be doing but the crazy flip flop policies of this govt has scared almost everyone away while those who are here are thinking of how to get their monies out
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 4:58pm On Aug 07, 2017
Think mtn's 16 billion dollars debacle and foreign airlines175 million dollars stuck here. Nigeria is in trouble
Re: The Jonathan Years; Separating Facts From Fiction. by Ebios(m): 6:47am On Aug 08, 2017
RZArecta:
I wonder if you were taught comprehension in primary school or your parents taught you common sense at home
take correction n stop feeding d devil wt more unpalatable statements

1 Like

Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 7:11am On Aug 08, 2017
Ebios:
take correction n stop feeding d devil wt more unpalatable statements
pls avoid me this morning I'm begging you in the name of God, you don't want to start anything with me. I can play dirty too, you started the insults, if you cannot comment positively or intelligently on this thread, kindly avoid it and don't bring your frustration here
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 9:21am On Aug 08, 2017
Ebios:
take correction n stop feeding d devil wt more unpalatable statements
LOL, you work in a "good Christian school" as a teacher yet come online to start to start looking for trouble, insulting people. I pity your sad life and I the children you teach. You're a disgrace to the Ijaw people
Re: The Jonathan Years; Separating Facts From Fiction. by luvinhubby(m): 9:31am On Aug 08, 2017
ivandragon:
@ OP,

remove the repetitions.


now to the matter, the major challenge the GEJ administration faced was the infrastructure-population gap deficit.

infrastructural development in Nigeria 'froze' in the 70s while population increased in leaps & bounds. for example, between 1960-2015, pop. rose from about 45m to 180m, approx. 300% increase. power on the other hand has not kept up with this population growth & the same scenario replicates itself across all sectors of Nigeria.

furthermore, the population growth was such that we now have a large 'illiterate' population who provide little to no value to the overall polity (except for being political thugs & social media miscreants).


& that is why today, we have the twin problems of our infrastructural investment not being able to catch up with the population growth & having a large population that contributes nothing.


what this means is that except we have a capital budget expenditure of at least $50b p/a for the next 10 years & a slowed down population growth of less than 1% p/a for the next 30 years, we would just be going around in circles.


bottom line is this, GEJ tried (made mistakes too, but he tried) but his spending was never going to catch up & over turn a deficit in such a short time same way the increase in the budget by this administration is an exercise in futility...


way forward?


restructure the system.

let states control at least 70% of her resources (among other adjustments).


that way, if a state like say... Kano feels it wants 100 LGs & allows its people to breed 20m almajeris a year, it would be solely responsible for whatever challenges it faces rather than shifting its misplaced priorities on others.






Barman .....Give this guy one very chilled bottle of unadulterated Zobo on me.

Thank you.
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 10:12am On Aug 08, 2017
luvinhubby:



Barman .....Give this guy one very chilled bottle of unadulterated Zobo on me.

Thank you.
only zobo ? At least buy Heineken or champagne na
Re: The Jonathan Years; Separating Facts From Fiction. by ayokellany: 10:30am On Aug 08, 2017
Please are we talking about the same Jonathan Ebele the one that declared that stealing of public fund is not corruption and went on to execute Dasukigate, Oduahgate, Oil subsidy scandal, PHCN privatization scam, fuel subsidy scandal, immigration death scandal, Allison plane scandal and many more or you are talking about another Jonathan ?

2 Likes

Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 12:09pm On Aug 08, 2017
ayokellany:
Please are we talking about the same Jonathan Ebele the one that declared that stealing of public fund is not corruption and went on to execute Dasukigate, Oduahgate, Oil subsidy scandal, PHCN privatization scam, fuel subsidy scandal, immigration death scandal, Allison plane scandal and many more or you are talking about another Jonathan ?
this thread isn't for zombie intellectuals', please go somewhere else. Thanks

1 Like

Re: The Jonathan Years; Separating Facts From Fiction. by Ebios(m): 12:56pm On Aug 08, 2017
RZArecta:
LOL, you work in a "good Christian school" as a teacher yet come online to start to start looking for trouble, insulting people. I pity your sad life and I the children you teach. You're a disgrace to the Ijaw people
How is dis an insult

l didn't

Read back n compare ur comments wt mine n judge who is insulting who
Re: The Jonathan Years; Separating Facts From Fiction. by kams19(m): 1:09pm On Aug 08, 2017
AT LEAST GEJ WAS AT HOME PATIENTLY MANAGING WITH THE INSULTS FROM APC.

HE WAS NOT CREATING MONEY FOR LONDON TOURISM BOARD BY LIVING THERE WHILE PEOPLE COME TO SEE HIM.

WHEN HE SAW FROM THE ELECTION THAT PEOPLE DIDN'T WANT HIM, HE GAVE IT UP AND CONGRATULATED THE WINNER INSTEAD OF CLINGING TO POWER LIKE PEOPLE THAT HAVE NOTHING TO OFFER
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 1:17pm On Aug 08, 2017
Ebios:
How is dis an insult

l didn't

Read back n compare ur comments wt mine n judge who is insulting who
something is wrong with you. That I didn't learn summary in secondary school or I'm feeding the devil with unpalatable statements is not an insult. Did your father pay any of my school fees ? Didn't you see the part where I said I was having problems editing my posts here and when I finally did so ? As a matured adult and a teacher to younger ones, are you not supposed to learn not to rush to judgment ? Focus on the topic or ignore the thread, whosai na summary be your problem. Oya come and flog me na
Re: The Jonathan Years; Separating Facts From Fiction. by RZArecta(m): 4:07pm On Aug 08, 2017
@iykimo

Budget deficit for 2016- N2.7 Trillion Budget deficit for 1st half 2017- N2.51 Trillion N5.2 Trillion borrowed in 18 months Unprecedented
Re: The Jonathan Years; Separating Facts From Fiction. by Pavarottii(m): 4:40pm On Aug 08, 2017
U guys av tried and keep on trying to make Jonah look bad. I av said it no matter how u try it. He left power for u people, u people are not still happy, he is no longer contesting, u people are still shivering. The real and sincere Nigerians know who the best president that ever ruled Nigeria is. Just the tribalist and religion is making dem not say d truth.

Long live JoNAH.

Re: The Jonathan Years; Separating Facts From Fiction. by Ebios(m): 5:50pm On Aug 08, 2017
RZArecta:
something is wrong with you. That I didn't learn summary in secondary school or I'm feeding the devil with unpalatable statements is not an insult. Did your father pay any of my school fees ? Didn't you see the part where I said I was having problems editing my posts here and when I finally did so ? As a matured adult and a teacher to younger ones, are you not supposed to learn not to rush to judgment ? Focus on the topic or ignore the thread, whosai na summary be your problem. Oya come and flog me na
Lol

U took it too far bc l was actually joking...

Oh sorry

Two wrongs cannot make a right

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