Kukutente23:

Explain how minister of finance is a bigger and powerful profile than foreign affairs.
Ignorant mofo

MASTERCHIEF0847:

Please read my comment again, it i did not base it solely on oil prices but you cannot take out the fact that that was during an era of oil boom worldwide and every oil producing nation benefited from increased revenues so its a factor oga.
I also made emphasis on his good economic team and policies.
In reality, all the governments since 1999 have all failed so personally am not giddy about any.

Kukutente23:

That's a lie. PWC said $1.5bn and not $20bn was what was unremitted. Mind you, Sanusi kept changing figures per week which made NOI request for a forensic audit

MASTERCHIEF0847:
Crude oil prices were at its highest levels during GEJ days which was an advantage and also he had a good and competent economic team led by Ngozi Okonjo Iweala and other economic and financial experts who were picked based on merit instead of nepotism and political patronage as it was during Buhari and now under Tinubu.
Nigeria is now heading into “Gangster Capitalism “ like we had in countries like Russia,Romania,Belarus and other former Soviet Union states…the economy being controlled by criminals and outlaws with government power.

MASTERCHIEF0847:

Even the PDP presidents failed. For example under OBJ $16 billion NIPP project failed with the money gone, under GEJ his petroleum minister was arrested in the UK with £18.5 billion, where did the money come from? These people are all the same PDP and APC and whatever platform they come under.
Among oil producing countries Nigeria has the least developed public infrastructure with the little available also dilapidated.

Angelfrost:


Keep making excuses for APC... Las las, we shall see how many people excuses go feed.

valentineuwakwe:
He assemble the best brains in and outside Nigeria......thus he was able to succeed. I hope that is wat Tinubu is doing!

Pakute whenever the more intelligent and enlightened kukutente23 is talking,you put ya hand on ya head,shut up and listen attentively so you become enlightened:

Is minister of finance not a far bigger and powerful profile?. Dude, you need to start keeping quiet.

nairalanda1:


Even then, at the end of the day, Nigeria no dey earn enough money. For a nation our size.

Noi excess crude account was a wise idea tho.

GeneralDae:

But it's the truth. On average, revenues to Jonathan yearly was above 70 Billion dollars. By the time of Buhari in 2016, it was down to around 25 Billion dollars caused by Niger Delta Avengers and lower oil prices globally.
There was always going to be an impact.

NzogbuNzogbu:
that tinubu is a fraud and failure which is glaring

No matter how much you hide your tinubu bias I would always expose it, i already know una

The group that want to always exonorate tinubu while pretending its other stuff aside tinubu that is the problem

Pakute:

Did GEJ experience recession?, No.
Did GEJ experience pipeline vandalism and production shortfalls?, No
Did GEJ experience Covid?, No.
Did GEJ experience Ukrain/Russia war that's affecting food prices? No.

kenex4ever:
Oil price has been high since Russia war started, so Tinubu has enjoyed a good oil price but things are getting worse by the day.

Lagos is not Nigeria

qwertyuioplm:
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform

MASTERCHIEF0847:

You mean the same Okonjo Iweala who under OBJ as finance minister cleared Nigeria’s debt? Go and sit down oga, am hyping her until you name a better finance minister Nigeria has ever produced.
Meanwhile from your comment it seems na you dey bring beer joint talk come online forum.

MASTERCHIEF0847:

Even the PDP presidents failed. For example under OBJ $16 billion NIPP project failed with the money gone, under GEJ his petroleum minister was arrested in the UK with £18.5 billion, where did the money come from? These people are all the same PDP and APC and whatever platform they come under.
Among oil producing countries Nigeria has the least developed public infrastructure with the little available also dilapidated.

Finneseguy1:
The pepper Apc dey show us eh , e reach full drum

Varunpulyani:
Jonathan did not use quota system

NzogbuNzogbu:
Uits not by oilprice, buhari had fair enough oil price and killed this country

Mr master strategist is now burying it, if gej had half the pateience yorubas are giving tinubu he would have done more

They didn't give him breathing space, manufactured Boko haram, always creating sabotage but he is still miles above them

valentineuwakwe:
He assemble the best brains in and outside Nigeria......thus he was able to succeed. I hope that is wat Tinubu is doing!

nairalanda1:



No, GEj was not the genesis of our problems

Our problem starts with the fact that we export things whose prices we cannot control

Developed countries are countries that export stuff whose prices they can control

Most African countries are like Nigeria, and like Nigeria, they sell things whose prices they cannot control

Been like that since independence. The problem is none of our leaders thought it would be wise to change the paradigm.

forgiveness:


Wale Edun meets 2nd and 3rd criteria. Stop lying. Somebody wey co-founded a bank, worked with world bank, was commissioner of finance etc doesn't have experience in economic policy formulation, abi?


The job of the two-term Commissioner for Finance in Lagos State between 1999 and 2007 seems to be cut out for him. With a Bachelor’s Degree in Economics from the University of London, a Master’s in Economics from the University of Sussex, England, has achieved remarkable success in the financial sector at local and international levels.
Edun worked at the World Bank/IFC where he handled economic and financial packages for several countries in Latin America and the Caribbean, including the Dominican Republic, Trinidad, Indonesia, and India in the Far East. However, his new task of managing an economy with virtually all the economic fundamentals precipitously heading south requires extraordinary measures. Inflation is at an 18-year high, the local currency is completely battered, debt service obligations have reached unprecedented levels while revenue generation is abysmally low. With an additional responsibility to coordinate the economy, he is expected to quickly gravitate towards some framework for policy coordination with the monetary authorities. Focus should be how to navigate the economy away from dire straits, tame inflation, boost revenue and instil cost-cutting measures/wastages in public service.


Now, that meet your requirements, do you still have others others you would like to present?

walexbiz:
He too was part of the problem. He didn't save during the raining days and he too went on spending spree even when the price of crude oil was high. He failed to repair the ailing refineries, placed the surveillance of crude pipeline in the hands of militant and there was upsurge in illegal siphoning of crude oil. Sanusi raised alarm about squandering of 20bn USD by NNPC and up till today nobody was arrested

HeroicMeastro:

I totally disagree with your point. Countries like UAE, Qatar, and the likes do import almost all their consumables, but they are not bad as Nigeria. It's all about planning, savings and savings.
Issue of export may not necessarily come up if there is a conducive environment to consume what we produce.

qwertyuioplm:
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform

MASTERCHIEF0847:
Crude oil prices were at its highest levels during GEJ days which was an advantage and also he had a good and competent economic team led by Ngozi Okonjo Iweala and other economic and financial experts who were picked based on merit instead of nepotism and political patronage as it was during Buhari and now under Tinubu.
Nigeria is now heading into “Gangster Capitalism “ like we had in countries like Russia,Romania,Belarus and other former Soviet Union states…the economy being controlled by criminals and outlaws with government power.

Pakute:

Did GEJ experience recession?, No.
Did GEJ experience pipeline vandalism and production shortfalls?, No
Did GEJ experience Covid?, No.
Did GEJ experience Ukrain/Russia war that's affecting food prices? No.