OChimex:


Sometimes I hate being born in Africa. U mean just in 8 years, Nigeria earned over 45 trillion yet the country still remain a pit toilet with over 90 percent fantastically and stupidly poor. This is a curse.

PoliticalWitch:


1.In other words, GEJ earned more from oil than Buhari did. See above.

2.That's because oil under GEJ from 2011-15 ranged between $75-130 per barrel. Under Buhari it has ranged between $29-75 (now $58)

3.The truth is, the money isn't enough. We need to be earning N50 trillion per annum (my own estimate) for us to have enough money. Especially as universites alone need N6-10 trillion yearly to maintain free education.

okosodo:
Liar, Check NBS website. The total was 11trn

FarahAideed:


Stop lying Jonathan built more universities schools and power plant than any other govt in Nigerian history ...that facts are there

Born2Breed:


Did you also bother to compare how much was borrowed by both administrations?

Advocate500:
u are very funny with ur answer, I thought governance is about impact? People are not feeling the impact of federal government it means that tier of government is not effective, if I am an American I don't need to go to new York before I can feel the leadership of realdonaldtrump,we will not stop lecturing u people on good leadership we believe one una go learn.

mrvitalis:
Do u also know that over 35 trillion was used to pay civil servants?

OChimex:


Lol. Ghost workers you mean.

post=83149436:

The bolded sums it all up.
STEALING IS NOW CORRUPTION IN OUR NATION.
To a new and better Nigeria we go.

Once anybody decides to be willfully blind, no matter what you push in front of his eyes, he wouldn't see. If he decides to be willfully deaf, even if there are thunder by his ears, he won't hear.

PoliticalWitch:


1.In other words, GEJ earned more from oil than Buhari did. See above.

2.That's because oil under GEJ from 2011-15 ranged between $75-130 per barrel. Under Buhari it has ranged between $29-75 (now $58)

3.The truth is, the money isn't enough. We need to be earning N50 trillion per annum (my own estimate) for us to have enough money. Especially as universites alone need N6-10 trillion yearly to maintain free education.

buhariguy:
Idiotic pigs wil not like this kind news

Buckubuck:

How did you arrive at 50trillion. Who is getting free education in Nigeria esp at tertiary level

post=83149436:

The bolded sums it all up.
STEALING IS NOW CORRUPTION IN OUR NATION.
To a new and better Nigeria we go.



Once anybody decides to be willfully blind, no matter what you push in front of his eyes, he wouldn't see. If he decides to be willfully deaf, even if there are thunder by his ears, he won't hear.

Maniagist2:
THE administration of President Muhammadu Buhari earned N16.647 trillion from the oil and gas industry in its first tenure, from May 2015 to April 2019.

According to data obtained from various reports of the Central Bank of Nigeria, CBN, the country’s earnings from the petroleum industry was from crude oil and gas sales, royalties, Petroleum Profit Tax, PPT, and other sources.

The money was earned by Nigeria only and does not include earnings by oil and gas companies operating in the country. The total oil revenue represented the amount that was later shared to the Federal, State and Local Governments after the inclusion of non-oil revenue, as well as after other deductions and transfers.

However, from the reports, it was observed that the amount earned by Buhari in the first four years of his administration was 43.6 per cent lower than the N29.514 trillion earned by the administration of President Goodluck Jonathan from May 2011 to April 2015.

Giving a breakdown of oil revenue recorded during the Buhari administration, the CBN reports stated that from May 2015 to December 2015, oil revenue stood at N2.3 trillion; in 2016, 2017 and 2018, earnings from the industry stood at N2.693 trillion, N4.109 trillion and N5.63 trillion respectively, while from January to April 2019, the country earned N1.882 trillion.

On the other hand, the administration of President Goodluck Jonathan earned N29.59 trillion from the petroleum industry, broken down into N6.321 trillion from May 2011 to December 2011; N8.094 trillion, N6.809 trillion and N6.793 trillion in 2012, 2013 and 2014 respectively, while from January to April 2015, the administration recorded oil revenue of N1.497 trillion.

The amount earned by the Buhari administration in its first tenure represented 61.42 per cent of the country’s budgets for 2015 to 2018. Specifically, between 2015 and 2018, the Federal Government’s total budgets stood at N27.1 trillion.

In 2015, 2016, 2017 and 2018, the Federal Government’s budget estimates were N4.5 trillion, N6.06 trillion, N7.44 trillion and N9.1 trillion respectively.

Commenting on earnings from the petroleum industry during the Buhari administration, the immediate past president of the Nigerian Association for Petroleum Economists, NAPE Professor Omowumi Iledare, argued that the money was better utilized.




https://www.vanguardngr.com/2019/10/buhari-administration-earned-n16-6trn-from-oil-in-four-years/amp/

PoliticalWitch:


2009 ASUU//FG AGREEMENT...which stated that universites needed N3 trillion over 2 years. Extrapolating from that....our education budget for a year would be 4-6trillion naira...and our national budget would be ten times that at least.

Citytrend:
Which goes to show that Nigeria is so Rich in Natural Resources that we are so poor!

Thank God for type of Leaders we have. If not for them this county would've been poor

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