naijapips02:
It's time to stop the lies been pedalled by APC and their goons. Bring up lies disguising as facts and feeling smart about it.

They feel it makes them look smart by supporting APC. Been there.

I'm going to tackle progress69 here point by point.

1. 27 state governors were owing back log of salaries as at May 2015 when this government took over hence the bail out funds approved for governors. Despite this bail out funds, many refused to meet their obligations.

Governors always owe salary. Thats what they do. Money was disbursed by the centre. It's not the fault of the centre. Besides, it was an election year, many were stocking up monies for re-election. The same governors that had surplus to embark on such frivolous project as a monorail couldn't pay salaries.

After the purported bailout (which by the way was done with monies saved by GEJs administration) 23 governors still owe salaries ranging several months as at June of this year . https://www.google.com.ng/amp/dailypost.ng/2017/06/26/nulge-lists-23-states-owing-salaries-number-months/amp/


2. Federal Government was borrowing to pay 2015 salaries.

This is a big lie. Read the story again. The sharp fall in the price of oil as in precedented. Against the benchmark of $70/$80 oil feel below that. So the government had to technically borrow around $800 million to finance the deficit. This is not new not was it unique to Nigeria.

Now contrast this to buhari's government that has borrowed over $60 billion since it came into power. Over 40℅ of our budget is deficit and we are running Nigeria with borrowed money.

https://www.google.com.ng/amp/s/www.vanguardngr.com/2017/10/buhari-writes-senate-borrow-5-bn-finance-2017-budget/amp/


3. Oil marketers were owed billions, led to a fuel scarcity that paralyzed Nigeria, even banks were closing before time, telecoms operators were sending texts about expected disruptions (never in Nigeria have this happened until 2015)


Another big lie. The fuel scarcity of 2015 which lasted few days by the way, was caused by uncertainty from the point of view of oil marketers of whether their outstanding subsidy claim would be paid before they handover. The incoming buhari then was preaching that he doesn't know what subsidy was, so the marketers were naturally scared that buhari might not continue paying them their outstanding debts.

https://www.google.com.ng/amp/s/www.naija.ng/amp/394951-what-caused-the-fuel-scarcity-oil-marketers-open-up.html

Now contrast this with this present scarcity that has lasted for almost one month.


4. Okonjo-Iweala who many people in the opposition believe would have done better or saved the economy warned of tougher times as oil slipped low to about $76.

Dude stop being naive. Oil prices were coming down. That is the same message any leading economics in an oil based economy would give. Brace for tougher times doesn't equal recession. And besides the ECA that GEJ saved up for times like this, he was forced to share b the greedy governors lead by your very own Amaechi.

https://www.google.com.ng/amp/s/www.naija.ng/amp/998647-jonathan-shared-part-1bn-oil-savings-amaechi-governors.html

5. Falling Foreign Reserves

Nigeria’s foreign reserves drop to $29.13 billion

The foreign reserve has been falling and rising. It was once 36.3 billion in October of 2014, even with all the subsidies GEJ was paying. And mind you $29.13 billion in 2014 is worth twice that value now in 2017, with our crazy exchange rates, no thanks to buhari.

Let's wait to the end of buhari's tenure to do a proper analysis.

Im not holding a brief for the past admin but This asslicking has to stop this year

NgeneUkwenu:
[s][/s]

Trash!

Governors always owe salary. Thats what they do. Money was disbursed by the centre. It's not the fault of the centre that these monies are not managed well by the respective states. Besides, it was an election year, and many governors were stocking up monies for re-election. The same governors that had surplus to embark on such frivolous project as a monorail couldn't pay salaries.

This is a big lie. Read that story again. The sharp fall in the price of oil was unprecedented. Against the benchmark of $70/$80 oil feel below that. So the government had to technically borrow around $800 million to finance the deficit. This is not new nor was it peculiar to Nigeria.

Now contrast this to buhari's government that has borrowed over $60 billion since it came into power. Over 40℅ of our budget is deficit and we are running Nigeria with borrowed money.

Dude stop being naive. Oil prices were coming down. That is the same message any leading economist in an oil based economy would give. Brace for tougher times doesn't equal recession. And besides the ECA that GEJ saved up for times like this, he was forced to share b the greedy governors lead by your very own Amaechi.

Guestlander:
I stopped reading at the point where you said Buhari borrowed $60 billion. Complete trash.

naijapips02:


Typo. Was typing my mobile. Was meant to read $6 billion. That even was been conservative.

https://www.google.com.ng/amp/s/www.naija.ng/amp/1101435-president-buharis-loan-portfolio-hits-6926billion.html

GavelSlam:


Everything you wrote up there can be regarded as one big typo.

GavelSlam:


Everything you wrote up there can be regarded as one big typo.

NgeneUkwenu:
[s][/s]

Trash!

You ended up saying nothing....Jonathan and his supporters should bow their heads in shame for plundering, raping and looting our common patrimony without conscience for 6 Straight Years.....

Never, Will They Ever Near Our Treasury...

The First Picture Depicts The State Of Our Common Wealth When Jonathan Took Over...

The Second Picture Shows The State, He Left It..

Thieves!

naijapips02:


Jonathan made sure we never experienced recession even when the world was in a big mess in 2008. Jonathan handed buhari one of the fastest growing economies in Africa. No?

NgeneUkwenu:
[s][/s]

Crap! Tell that to an ipob yoot.

TheHistorian:



At this point,nothing needs to be euphemized. . .You are shamelessly ignorant. . .At a $76 per barrel price of oil,with added incomes from other internal and external sources,Nigerians have no business with "hard times" as that will comfortably sustain the economic demands of the country.

NgeneUkwenu:
[s][/s]

Trash!

You ended up saying nothing....Jonathan and his supporters should bow their heads in shame for plundering, raping and looting our common patrimony without conscience for 6 Straight Years.....

Never, Will They Ever Near Our Treasury...

The First Picture Depicts The State Of Our Common Wealth When Jonathan Took Over...

The Second Picture Shows The State, He Left It..

Thieves!

naijapips02:
It's time to stop the lies been pedalled by APC and their goons. Bring up lies disguising as facts and feeling smart about it.

They feel it makes them look smart by supporting APC. Been there.

I'm going to tackle progress69 here point by point.

1. 27 state governors were owing back log of salaries as at May 2015 when this government took over hence the bail out funds approved for governors. Despite this bail out funds, many refused to meet their obligations.

Governors always owe salary. Thats what they do. Money was disbursed by the centre. It's not the fault of the centre that these monies are not managed well by the respective states. Besides, it was an election year, and many governors were stocking up monies for re-election. The same governors that had surplus to embark on such frivolous project as a monorail couldn't pay salaries.

After the purported bailout (which by the way was done with monies saved by GEJs administration) 23 governors still owe salaries ranging several months as at June of this year . https://www.google.com.ng/amp/dailypost.ng/2017/06/26/nulge-lists-23-states-owing-salaries-number-months/amp/


2. Federal Government was borrowing to pay 2015 salaries.

This is a big lie. Read that story again. The sharp fall in the price of oil was unprecedented. Against the benchmark of $70/$80 oil feel below that. So the government had to technically borrow around $800 million to finance the deficit. This is not new nor was it peculiar to Nigeria.

Now contrast this to buhari's government that has borrowed over $60 billion since it came into power. Over 40℅ of our budget is deficit and we are running Nigeria with borrowed money.

https://www.google.com.ng/amp/s/www.vanguardngr.com/2017/10/buhari-writes-senate-borrow-5-bn-finance-2017-budget/amp/



3. Oil marketers were owed billions, led to a fuel scarcity that paralyzed Nigeria, even banks were closing before time, telecoms operators were sending texts about expected disruptions (never in Nigeria have this happened until 2015)


Another big lie. The fuel scarcity of 2015 which lasted few days by the way, was caused by uncertainty from the point of view of oil marketers of whether their outstanding subsidy claims would be paid before the handover. The incoming buhari then was preaching and shouting that he doesn't know what subsidy was, so the marketers were naturally scared that buhari might not continue paying their outstanding debts.

https://www.google.com.ng/amp/s/www.naija.ng/amp/394951-what-caused-the-fuel-scarcity-oil-marketers-open-up.html

Now contrast this with this present scarcity that has lasted for almost one month.


4. Okonjo-Iweala who many people in the opposition believe would have done better or saved the economy warned of tougher times as oil slipped low to about $76.

Dude stop being naive. Oil prices were coming down. That is the same message any leading economist in an oil based economy would give. Brace for tougher times doesn't equal recession. And besides the ECA that GEJ saved up for times like this, he was forced to share b the greedy governors lead by your very own Amaechi.

https://www.google.com.ng/amp/s/www.naija.ng/amp/998647-jonathan-shared-part-1bn-oil-savings-amaechi-governors.html

5. Falling Foreign Reserves

Nigeria’s foreign reserves drop to $29.13 billion

The foreign reserve has been falling and rising. It was once stood at $36.3 billion in October of 2014, even with all the subsidies GEJ was paying. And mind you $29.13 billion in 2014 is worth twice that value now in 2017, with our crazy exchange rates, no thanks to buhari.

Let's wait to the end of buhari's tenure to do a proper analysis.

Im not holding a brief for the past admin but This asslicking has to stop this year

ripbubu:
That how they claim pdp stole trillion.. So ask them how much tinubu or ameachi stolen they can't talk

naijapips02:
It's time to stop the lies been pedalled by APC and their goons. Bring up lies disguising as facts and feeling smart about it.

They feel it makes them look smart by supporting APC. Been there.

I'm going to tackle progress69 here point by point.

1. 27 state governors were owing back log of salaries as at May 2015 when this government took over hence the bail out funds approved for governors. Despite this bail out funds, many refused to meet their obligations.

Governors always owe salary. Thats what they do. Money was disbursed by the centre. It's not the fault of the centre that these monies are not managed well by the respective states. Besides, it was an election year, and many governors were stocking up monies for re-election. The same governors that had surplus to embark on such frivolous project as a monorail couldn't pay salaries.

After the purported bailout (which by the way was done with monies saved by GEJs administration) 23 governors still owe salaries ranging several months as at June of this year . https://www.google.com.ng/amp/dailypost.ng/2017/06/26/nulge-lists-23-states-owing-salaries-number-months/amp/


2. Federal Government was borrowing to pay 2015 salaries.

This is a big lie. Read that story again. The sharp fall in the price of oil was unprecedented. Against the benchmark of $70/$80 oil feel below that. So the government had to technically borrow around $800 million to finance the deficit. This is not new nor was it peculiar to Nigeria.

Now contrast this to buhari's government that has borrowed over $60 billion since it came into power. Over 40℅ of our budget is deficit and we are running Nigeria with borrowed money.

https://www.google.com.ng/amp/s/www.vanguardngr.com/2017/10/buhari-writes-senate-borrow-5-bn-finance-2017-budget/amp/



3. Oil marketers were owed billions, led to a fuel scarcity that paralyzed Nigeria, even banks were closing before time, telecoms operators were sending texts about expected disruptions (never in Nigeria have this happened until 2015)


Another big lie. The fuel scarcity of 2015 which lasted few days by the way, was caused by uncertainty from the point of view of oil marketers of whether their outstanding subsidy claims would be paid before the handover. The incoming buhari then was preaching and shouting that he doesn't know what subsidy was, so the marketers were naturally scared that buhari might not continue paying their outstanding debts.

https://www.google.com.ng/amp/s/www.naija.ng/amp/394951-what-caused-the-fuel-scarcity-oil-marketers-open-up.html

Now contrast this with this present scarcity that has lasted for almost one month.


4. Okonjo-Iweala who many people in the opposition believe would have done better or saved the economy warned of tougher times as oil slipped low to about $76.

Dude stop being naive. Oil prices were coming down. That is the same message any leading economist in an oil based economy would give. Brace for tougher times doesn't equal recession. And besides the ECA that GEJ saved up for times like this, he was forced to share b the greedy governors lead by your very own Amaechi.

https://www.google.com.ng/amp/s/www.naija.ng/amp/998647-jonathan-shared-part-1bn-oil-savings-amaechi-governors.html

5. Falling Foreign Reserves

Nigeria’s foreign reserves drop to $29.13 billion

The foreign reserve has been falling and rising. It was once stood at $36.3 billion in October of 2014, even with all the subsidies GEJ was paying. And mind you $29.13 billion in 2014 is worth twice that value now in 2017, with our crazy exchange rates, no thanks to buhari.

Let's wait to the end of buhari's tenure to do a proper analysis.

Im not holding a brief for the past admin but This asslicking has to stop this year

obailala:
Buhari borrowed $60 billion between 2015 and 2017?... wonderful! And you expect anyone enlightened to take your thread serious?

NgeneUkwenu:
[s][/s]

Trash!

You ended up saying nothing....Jonathan and his supporters should bow their heads in shame for plundering, raping and looting our common patrimony without conscience for 6 Straight Years.....

Never, Will They Ever Near Our Treasury Again...

The First Picture Depicts The State Of Our Common Wealth When Jonathan Took Over...

The Second Picture Shows The State, He Left It..

Thieves!

progress69:

The way this pigs and idiots have been coming out with d*mb and silly counter thread is really amazing.

I created an article with verified links and some clowns still come here and whine and grunt like pigs.

So Paris club fund wad saved by GEJ? in b/w why didnt he rescue the states before he left power? Imagine this silly excuse that governors were storing money for reelection do they couldn't pay salaries. What kind of dumb excuse is this?

The matter of ECA have been trashed here a million times, how will u keep saving money with someone who was dipping hands into the savings without ur knowledge? Thr FG got 52% share what happened to it? If states refused to save, what about the FG's share or did the state stop the FG from saving too.

In fact, I wont waste my time on this silly dumb rebuttal which lacks substance, merit on any value.

This is what u get when u try to twist facts with personal opinions.

naijapips02:


When I say you goons are unreasonable, I know exactly what I mean.

Yes the governors were bailed out with monies saved during GEJs era.

Here is buhari in 2015 sharing N1.3 trillion LNG funds with governors as bail out funds.

If Jonathan is that useless, how come he saved up 1.3 trillion naira in LNG account?

https://www.google.com.ng/amp/s/www.premiumtimesng.com/news/headlines/186198-buhari-approves-n1-2-trn-rescue-plan-for-bankrupt-states-releases-lng-funds.html/amp

FG saved. Tell me again how much buhari met in the ECA account that he want to debit $1 billion to fight boko haram

Esseite:
OP You should know the liars are clutching on straws and gasping for air when you have repeated on the typo of $60bn and they are still on it without countering your points.

You have countered their lies with verifiable links, they would only come at you with insults..

naijapips02:


Said it was a typo. Was meant to read $6 billion.

progress69:


Na people like u get this thread na....
Same class of people.
Sebi your own dey there.
Your own even worse pass this clown own.

progress69:


Lol. Jonathan saved LNG funds? what is LNG account? I am not understanding, so there is an account called LNG account.
You see the kind of people that want me to engage them?