An Open Apology Letter To Muhammadu Buhari GCFR, President And Commander-In-Chief Of The Armed Forces, Federal Republic Of Nigeria.

"I have been enlightened greatly by these facts as stated below by Don Kmanera."

OBJ, FACTS/SENTIMENTS & THE REST OF US:

BY ~ Don Kmanero

Kindly & patiently look through the talking points & see if OBJ's issues are facts or sentiments. I think PMB should be judged by the numbers & not emotions ...

TALKING POINTS..

Nigeria real net oil export revenue: 2010-2015.

Oil price $110 per barrel average
Stable oil production at 2.4 million barrels per day in the period under review:-

2010-$70 billion
2011-$99 billion
2012-$94 billion
2013-$84 billion
2014-$77 billion
2015-$21 billion (January-May)

Total-$445 billion

Source: OPEC Revenue Fact Sheet and Energy Information Administration (EIA), a statistical arm of the US Department of Energy.
Outcomes in 5 YEARS:

a) External reserves declined from $47 billion in 2013 to $29 billion in 2015;
b) Savings depleted from $21 billion in 2010 to $2 billion in 2015.
c) Federal Government borrowed $2 billion to pay salaries.
d) 24 States of the federation bankrupt -could not pay salaries of workers, could not repay debts and other contractual obligations.
e) accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) accumulated contractors debt such that all major construction works stopped.
g) NNPC technically bankrupt.
h) Foreign Direct Investment (FDI) at its all time low. Declined to $3.1 billion in 2015 from $8.8 billion in 2011
i) Nigeria's Credit Rating downgraded
j) Massive capital flight: industries relocating to neighbouring West African countries.

Nigeria real net oil export revenue: 2015-2017.

Oil price $45 per barrel average
Loss of 1.2 million barrels per day due to disruption by the Niger Delta Avengers

2015-$16 billion (June-December)
2016-$26 billion
2017-$10 billion (January-April)

Total-$52 billion

Outcomes:in 2 YEARS

a) External reserves boosted to $31.22 billion from $29 billion in 2015;
b) Savings increased to $2.29 billion from $2 billion in 2015.
c) Federal Government stopped borrowing to pay salaries.
d) 24 States of the federation bailed out- to pay salaries of workers, repay debts and other contractual obligations.
e) Settled fully accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) Settled fully accumulated contractors debt such that all major contractors are now back to site.
g) settled fully oil importers claims amounting to $400 million.
h) NNPC restructured.
i)Foreign Direct Investment (FDI) steadily picking up.
j) Agricultural revolution taken off such that we now have small holder farmers millionaires.
k) Looted funds recovered running into trillion Naira mark
l) TSA the plugged loopholes of waste and swindle of public funds, now N4 trillion.

Bottom line:

a) Those looking for a magic wand, here it is. Using $52 billion or 12% in TWO years to achieve what could not be achieved with $445 billion in FIVE years.

b) Only an incorrigible hater will say that Nigeria is not making progress under the PMB administration with the acute resource constraint and the multiplying challenges facing the country.

Copied.

Good analysis but the fact still remains Nigeria present and past leaders need to be stoned to death.

You keep hearing and reading big figures yet nothing to show for.

Infrastructures-zero

Job creation- zero

Security- zero

Health sector- zero

The only thing they're good at is looting.

I wish the Britain can come back to re colonize Nigeria.

Zomb!è....

madridguy:

u no get bed 4 ur house?

Only a Yoruba muslim will take this rubbish you wrote seriously.
You just churned up so called facts on revenue generated with nothing whatsoever to back them up.
You claimed the government has stopped borrowing to pay salaries, but have they stopped borrowing? What is our debt now compared to May 2015?
What about the money realised from almost doubling the price of petrol and stopping the payment of subsidies? Where did you account for the money realized from all the mulitple taxation schemes introduced by this government and its useless minister?

You expertly avoided d debt buhari plunged Nigeria into in 2yrs.

Foolishness

I no concernmenting me.

The wailing zombies are the worst set of organism I have ever encountered. They would soon be here talking way out of points. This is a fact and Buhari has saved this country from crumbling.

You can argue with your phone from here

I even get house not to talk of mat?

badmrkt:
u no get bed 4 ur house?

This is a government doing more with less.

madridguy:
I even get house not to talk of mat?

so all your BMC stipend na on top women abi?

What is BMC?

badmrkt:
so all your BMC stipend na on top women abi?

madridguy:
Good analysis but the fact still remains Nigeria present and past leaders need to be stoned to death.

You keep hearing and reading big figures yet nothing to show for.

Infrastructures-zero

Job creation- zero

Security- zero

Health sector- zero

The only thing they're good at is looting.

I wish the Britain can come back to re colonize Nigeria.

Those are very small figures given our population and developmental challenges. Nigeria is a poor country with rich potentials!
By the way, the analysis are fabrications!

Lmao...foolishness in high places. For a human being to apologize to a semi-illiterate who took the country through two debilitating recessions as president Is a disgrace to the human race. Buhari and the person who typed this trash deserve to be air lifted and dropped like garbage into the atlantic.

Apology to a man who thinks lira and duestemark is still. a currency , a man who thinks west and east germany still exists lol

This op is on a codeine diet..

OfficialRasheed:
Only a Yoruba muslim will take this rubbish you wrote seriously.
You just churned up so called facts on revenue generated with nothing whatsoever to back them up.
You claimed the government has stopped borrowing to pay salaries, but have they stopped borrowing? What is our debt now compared to May 2015?
What about the money realised from almost doubling the price of petrol and stopping the payment of subsidies? Where did you account for the money realized from all the mulitple taxation schemes introduced by this government and its useless minister?

How will an Igbo moslem take it? Unseriously?

Even though it is a certainty that Buhari's administration far outshines that of the ineffectual buffoon, yet the wanton killings by herdsmen or whoever they are have made this regime unlikeable.

Did you offend him openly or closely before ni?

NICE INFO.

Outlook of the Nigerian Economy.

Resetting the economy, growing what we eat, making business work, doing more with less and plugging leakages.

It is clear that PMB did what was Jonathan couldn't do with a healthy flow of Forex into the economy.