maasoap: He depleted our foreign reserve. He emptied excess crude account. Oil price has jumped up compared to OBJ's era. Production of barrels of oil per day is higher than during OBJ's era due to amnesty. Subsidy payment per litre is now half (#35) of what it was used be under Yar'dua (#70) which means more money to the FG's pulse. No more subsidy on kerosine which also means money for the FG. Increased electricity tariffs in June which also means more money to the FG's pulse. Then, one wonders where all this money disappeared to. My people from South South are not even helping the matters, they're being cynical and over protective of Jona. This country will have already gone down (bankrupt) before they realise that Jona is the worst thing that has ever happened to this country.

grafikii: Blame it on buhari

egift:

You Voted For Him, for the following reasons:
1. You believed a man who have not achieved anything since 1999 will start performing wonders overnight.
2. That even if he surrounded himself with Nigeria's finest criminals, that it will not matter.
3. That you are voting for GEJ and not PDP.
4. That Nigeria will be governed by LUCK and you even hope that by voting him you too will become LUCKY (hope you where not going for lottery).
5. You also believed that to become a good president of Nigeria, we needed someone with BSc in Fisheries and PhD in Zoology.
6. And as Onye Igbo, you thought because his mum hailing him Azikiwe, his Ijaw name Ebelemi being abbreviated Ebele and marrying from Igboland makes an Igboman and qualifies him to take the turn of Ndigbo as well.

The list goes on. But at the interim, just face front, open your mouth and enjoy the heart-breaking fresh air!

egift:

You Voted For Him, for the following reasons:
1. You believed a man who have not achieved anything since 1999 will start performing wonders overnight.
2. That even if he surrounded himself with Nigeria's finest criminals, that it will not matter.
3. That you are voting for GEJ and not PDP.
4. That Nigeria will be governed by LUCK and you even hope that by voting him you too will become LUCKY (hope you where not going for lottery).
5. You also believed that to become a good president of Nigeria, we needed someone with BSc in Fisheries and PhD in Zoology.
6. And as Onye Igbo, you thought because his mum hailing him Azikiwe, his Ijaw name Ebelemi being abbreviated Ebele and marrying from Igboland makes an Igboman and qualifies him to take the turn of Ndigbo as well.

The list goes on. But at the interim, just face front, open your mouth and enjoy the heart-breaking fresh air!

LeoMax: I think NL should be closed down for bringing stories without legit sources to frontpage

maasoap: He depleted our foreign reserve. He emptied excess crude account. Oil price has jumped up compared to OBJ's era. Production of barrels of oil per day is higher than during OBJ's era due to amnesty. Subsidy payment per litre is now half (#35) of what it was used be under Yar'dua (#70) which means more money to the FG's pulse. No more subsidy on kerosine which also means money for the FG. Increased electricity tariffs in June which also means more money to the FG's pulse. Then, one wonders where all this money disappeared to. My people from South South are not even helping the matters, they're being cynical and over protective of Jona. This country will have already gone down (bankrupt) before they realise that Jona is the worst thing that has ever happened to this country.

jensinmi: Yes Please.

I support you, Bros.

Let's blame this also on Buhari.


BUHARI THIS!!!
BUHARI THAT!!!
BUHARI HAVE CHOP NIGERIA MONEY!!!


Mscheww. Nation of Cretins.

jensinmi: Yes Please.

I support you, Bros.

Let's blame this also on Buhari.


BUHARI THIS!!!
BUHARI THAT!!!
BUHARI HAVE CHOP NIGERIA MONEY!!!


Mscheww. Nation of Cretins.

jensinmi: Yes Please.

I support you, Bros.

Let's blame this also on Buhari.


BUHARI THIS!!!
BUHARI THAT!!!
BUHARI HAVE CHOP NIGERIA MONEY!!!


Mscheww. Nation of Cretins.

lacasa: "i voted GEJ not PDP"

Lwkmd..

ollah1: Nig Is Cash-strapped&can’t Pay Monthly State Allocations&nysc Allowance - Okonjo

Sources in several state governments as well as the Federal Ministry of Finance have disclosed to SaharaReporters that Nigeria’s cash flow woes appear to be worsening. For the second month in a row, the Nigerian government was unable to meet the schedule for disbursing monthly allocations from the federation account to states.

Our sources accused President Goodluck Jonathan’s administration of depleting the country’s foreign reserves and recklessly overspending budgeted funds.

One source revealed that the Federal Ministry of Finance has paid March monthly allocations only to some states. The allocations for April and May 2012 remain unpaid. As a result of what some of the sources described as a major cash flow crisis, many civil servants and National Youth Corps members have yet to receive their April salaries or allowances.
In addition, the meeting of the Federal Accounts Allocation Committee (FAAC) has been postponed indefinitely after the secretariat said the earlier meeting scheduled for today and tomorrow was no longer feasible. SaharaReporters obtained a text message announcing the cancellation of the meeting. Sent by Philip K. Angulu, the terse message apologized to recipients for any inconveniences caused by the postponement.

SaharaReporters learnt that the Nigerian National Petroleum Corporation (NNPC) has not been able to make regular payments to the federation accounts as oil marketers and corporation are now deducting their share of profit in offshore accounts to avoid dealing with local bureaucratic bottlenecks. A source within the Presidency described Mr. Jonathan as a confused pawn in the hands of members of his security team who manipulate him to approve huge “security votes” for the so-called fight against terrorism. “Many of the president’s security advisers just keep deceiving him into releasing more and more cash to them – and they have nothing to show for it,” said the source.

Another source in the Central Bank told SaharaReporters that fuel marketers continue to defraud Nigerians with undocumented and fraudulent claims. “As we speak, I can tell you that the government has virtually spent this year’s budget for fuel subsidies – and we are only in the middle of May,” said the source. He added, “Nigerians are calling on President Jonathan to prosecute those who committed fraud in collecting fuel subsidies in the past. They don’t know that the fraud has actually increased this year.”

One of our sources accused Christopher Kolade, the chairman of the Subsidy Reinvestment and Empowerment (SURE) Committee, of deliberately misleading Nigerians when he claimed that N60 billion has been saved for the implementation of the phantom palliative program put in place by Mr. Jonathan’s government to pacify Nigerians who thronged the streets of Nigerian and foreign cities in January to protest the removal of fuel subsidy. “Dr. Kolade knows that no such fund exists,” said the source, a ranking official in the federal government.

http://247nigerianewsupdate.com/nigeria-is-cash-strapped-and-cant-pay-monthly-state-allocations-and-nysc-allowances/

ollah1: Nig Is Cash-strapped&can’t Pay Monthly State Allocations&nysc Allowance - Okonjo

Sources in several state governments as well as the Federal Ministry of Finance have disclosed to SaharaReporters that Nigeria’s cash flow woes appear to be worsening. For the second month in a row, the Nigerian government was unable to meet the schedule for disbursing monthly allocations from the federation account to states.

Our sources accused President Goodluck Jonathan’s administration of depleting the country’s foreign reserves and recklessly overspending budgeted funds.

One source revealed that the Federal Ministry of Finance has paid March monthly allocations only to some states. The allocations for April and May 2012 remain unpaid. As a result of what some of the sources described as a major cash flow crisis, many civil servants and National Youth Corps members have yet to receive their April salaries or allowances.
In addition, the meeting of the Federal Accounts Allocation Committee (FAAC) has been postponed indefinitely after the secretariat said the earlier meeting scheduled for today and tomorrow was no longer feasible. SaharaReporters obtained a text message announcing the cancellation of the meeting. Sent by Philip K. Angulu, the terse message apologized to recipients for any inconveniences caused by the postponement.₪å wao Ooº°˚˚°ºoO,sick of dis country


SaharaReporters learnt that the Nigerian National Petroleum Corporation (NNPC) has not been able to make regular payments to the federation accounts as oil marketers and corporation are now deducting their share of profit in offshore accounts to avoid dealing with local bureaucratic bottlenecks. A source within the Presidency described Mr. Jonathan as a confused pawn in the hands of members of his security team who manipulate him to approve huge “security votes” for the so-called fight against terrorism. “Many of the president’s security advisers just keep deceiving him

into releasing more and more cash to them – and they have nothing to show for it,” said the source.

Another source in the Central Bank told SaharaReporters that fuel marketers continue to defraud Nigerians with undocumented and fraudulent claims. “As we speak, I can tell you that the government has virtually spent this year’s budget for fuel subsidies – and we are only in the middle of May,” said the source. He added, “Nigerians are calling on President Jonathan to prosecute those who committed fraud in collecting fuel subsidies in the past. They don’t know that the fraud has actually increased this year.”

One of our sources accused Christopher Kolade, the chairman of the Subsidy Reinvestment and Empowerment (SURE) Committee, of deliberately misleading Nigerians when he claimed that N60 billion has been saved for the implementation of the phantom palliative program put in place by Mr. Jonathan’s government to pacify Nigerians who thronged the streets of Nigerian and foreign cities in January to protest the removal of fuel subsidy. “Dr. Kolade knows that no such fund exists,” said the source, a ranking official in the federal government.

http://247nigerianewsupdate.com/nigeria-is-cash-strapped-and-cant-pay-monthly-state-allocations-and-nysc-allowances/

grafikii: Blame it on buhari

kobikwelu: and this story is from "sahara reporters"

all i can say is rumour!!!

the only way to discredit a government is spread panic through the media....



and by-the-way, jona is not responsible for depleting our reserves...ITS OUR STATES AND THEIR GOVERNMENT ALLOCATIONS!!!!

even if more money is comming in from subsidy halving and tariffs, all it means is the states recieve more!!!

mykejones: Most times,the idea that am a full blooded Nigerian scares the shit outa me.

grafikii: Blame it on buhari