dlondonbadboy:
Did you know that in 3years Presidoit momodu Buhary has borrowed over 11trillion? No completed project! No light! No improvement of the lives of Nigerians!!

And the herdsman is about to borrow again?

If you are still supporting Buhari you are a complete goat, complete black goat...

thesicilian:
You put a school cert holder (actually he can't even find it to hold self) in charge of your national treasures and now you're complaining that he's borrowing too much.
A man who is economically clueless, if you like place all the money at the world bank at his disposal, he'll still borrow more.

ivandragon:
he is borrowing to increase Nigeria's foreign reserves...

lol...

doingood:
I voted for buhari but now I painfully regret my action. Any body still in support of buhari is a wicked person. The hardship is just too much. Some times I just think of committing crime to survive. Its not easy my brothers

DonBobes:
Since last year November no fuel yet

doingood:
I voted for buhari but now I painfully regret my action. Any body still in support of buhari is a wicked person. The hardship is just too much. Some times I just think of committing crime to survive. Its not easy my brothers

Hofbrauhaus:


This is the longest fuel scarcity since Nigeria gained independence....

Very soon, it won't be Buhari must go, it would be Buhari must die....

Buhari has taken Nigerians 30 years backward...

bishopkay:


My brother you are very correct here! I love what this government did though to Nigerians... They gave hot blows to Nigerians all at the same time from different angles and corners so Nigerians didn't even know the one to protest against.

Today it's Maina gate, tomorrow it's money eating animals, hunger in the land, non payment of salaries etc. Nigerians had the power to go protest at every given chance during GEJ's tenure because at least, they had access to food. With this government, it's 1 week multiple troubles and Nigerians just know their only parlance would be to vote out the rudderless man and party away.

Imagine fuel scarcity for 3 months and counting now. People are buying fuel at 180 like its the new official price plus claims of subsidies being paid without even the slightest of reactions from Nigerians. I used to think APC used a charm on Nigerians but nay hunger did!

dlondonbadboy:
Did you know that in 3years Presidoit momodu Buhary has borrowed over 11trillion? No completed project! No light! No improvement of the lives of Nigerians!!

And the herdsman is about to borrow again?

If you are still supporting Buhari you are a complete goat, complete black goat...

dlondonbadboy:


How did such man become president? HOW DID WE GET HERE?

dlondonbadboy:
Did you know that in 3years Presidoit momodu Buhary has borrowed over 11trillion? No completed project! No light! No improvement of the lives of Nigerians!!

And the herdsman is about to borrow again?

If you are still supporting Buhari you are a complete goat, complete black goat...

elampiro:



This is a lie. Our external debt has only risen $5b under Buhari.

Jonathan inherited $3b external debt. Left it at $10b and depleted the external reserves. Oil price was very high.

Our external debt is currently $15billion. Buhari added $5 billion. Buhari has increased our external reserve by $13 billion even with low crude oil price.

Hofbrauhaus:


This is the longest fuel scarcity since Nigeria gained independence....

Very soon, it won't be Buhari must go, it would be Buhari must die....

Buhari has taken Nigerians 30 years backward...

ivandragon:
its interesting how people keep saying oil prices were high during GEJ's time & how he didn't save.


these same people never say that as from 2011/2012, the US, the major buyer of Nigerian crude, drastically reduced its crude import.

https://www.eia.gov/todayinenergy/detail.php?id=5770

http://www.thisdaylive.com/articles/obama-we-don-8217-t-need-energy-from-africa/151925/

from 1.3m bpd (out of 2.2m bpd produced) imported from Nigeria in 2011, it reduced this to 600,000 bpd by 2012 & almost zero bpd by 2014.


http://www.fahamu.org/ep_articles/emerging-and-existing-oil-and-gas-opportunities-in-sub-saharan-africa/


http://allafrica.com/stories/201412220407.html


http://www.thescoopng.com/2014/06/05/us-stops-importing-nigerian-crude-oil/


by 2016, US started buying Nigerian crude oil again in commercial quantities...

http://punchng.com/us-increases-imports-of-nigerian-oil-by-287/

https://www.vanguardngr.com/2016/04/us-importing-nigeria-crude-oil/



by the time pmb got into office, the GEJ administration had done a lot of ground work to get new markets for Nigeria's crude, so pmb did not suffer the loss of buyers as much as GEJ's administration.




mind you, GEJ had to contend with higher crude oil prices, keeping the exchange rate low & paying subsidy on fuel at premium prices...


pmb had lower prices, more market share for crude, let the exchange rate burden be borne by Nigerians & increased fuel prices despite the lower crude oil prices.



so in essence, GEJ never really enjoyed the increased crude oil prices & it is past time that the recorded be put straight...

DonBobes:



Since independence

Mehn dats a record on d negative side
O boy

elampiro:



This is a lie. Our external debt has only risen $5b under Buhari.

Jonathan inherited $3b external debt. Left it at $10b and depleted the external reserves. Oil price was very high.

Our external debt is currently $15billion. Buhari added $5 billion. Buhari has increased our external reserve by $13 billion even with low crude oil price.

baralatie:


Nigeria’s total domestic and foreign debt stocks as at June 30 stood at about $15.1 billion and N14.1 trillion respectively, the National Bureau of Statistics said on Tuesday.
A review of the total foreign debt profile of the Federal and the 36 states governments and the FCT also shows a continuous rise since the coming of the present administration, from $10.718 billion in 2015, to $11.406 billion in 2016 and $15.047 billion in 2017.
Out of the current total figure of $15.047 billion, the Federal Government accounts for $11.106 billion, or about 74 per cent, while the 36 states of the federation and the Federal Capital Territory, FCT, Abuja owe about $3.94 billion, or 26 per cent.
The Federal and State government shares of the debt stock grew from $7.349 billion and $3.369 billion in 2015, to $7.84 billion and $3.568 billion in 2016, and $3.94 billion and $11.106 billion in 2017 respectively.
The NBS gave further disaggregation of the country’s foreign debt to include $9.67billion as multilateral debt; $218.25million as bilateral (AFD) and $5.15billion from the Exim Bank of China credit to the Federal Government.
Details of the debt figures show that the domestic debts figures of the 36 states of the federation and the FCT have continued to grow since 2015 under the present administration.
From about N2.503 trillion in 2015, the NBS data showed the figure rose to N2.959 trillion in 2016 before reaching the latest point of N3.001 trillion in 2017.
According to the statistics agency, out of the total N14.017 trillion national debt stock, the Federal Government accounts for about N11.058 trillion, or 78.66 per cent, against about N2.959 trillion, or 21.34 per cent by all the states and the FCT.
Further breakdown of the Federal Government domestic debt stock by instruments show that about N7.56 trillion, or 68.41 per cent were in bonds; N3.28 trillion, or 29.64 per cent in treasury bills, while N215.99 million, or 1.95 per cent went into treasury bonds.
Although the NBS did not provide the Federal Government domestic debt figures for 2015, figures obtained from the Debt Management Office, DMO, website on Tuesday showed that total domestic debt by instruments as at December 2015 stood at N8.836 trillion.
This consisted Federal Government bonds N5.808 trillion, or 65.73 per cent; Nigerian treasury bills N2.773 trillion, or 31.38 per cent, and treasury bonds of N255.99 billion, or 2.90 per cent.
Among the 36 states and the FCT, Lagos recorded the highest foreign debt profile, accounting for about 37 per cent of the states’ foreign debts, followed by Kaduna (six per cent), Edo (five percent), Cross River (four percent) and Ogun (three percent).
On the domestic front, Lagos State again took the lead, with the highest domestic debt profile among its colleagues and the FCT, accounting for about 10.39 per cent of the total figure, followed by Delta (8.04 per cent), Awa Ibom (5,18 per cent), FCT (5.09 per cent) and Os