₦airaland Forum

emzila:
you are doing your best Mr president. I pray that God will vindicate you soon. within the shore of Nigeria especially on issues that are within your control/resource such as bokoharam, internal revenue generation, inculcating the culture of sit up by government agencie, you have done well. the issue of worsening naira against dollar is to any reasonable individuals beyond your immediate control as there is no foreign reserve to do that which any president should have done at a time like this. however, #istandwithbuhari.

FOREIGN RESERVE SINCE 1999

OBJ: INHERITED $3.7b in 1999
LEFT $45.0b in 2007

YAR ADUA: INHERITED $45.0b 2007
GREW TO $63b in 2008
drew from the reserve to boost the economy during the 2008/ 2009 recession and
LEFT $47.7 2009 as at the time GEJ took over the mantle
the growth was as a result of savings when oil price was $147 per barrel and he took out of it to shore up the economy when oil price dropped.
GEJ: INHERITED $47.7b
BUT LEFT $29.2b. from this I hope well meaning Nigerian can see that unlike during the previous administrations that had enough reserve from which the were able to boost the economy, GEJ left barely nothing from which buhari could get fund to bust the economy. NB Yar Adua withdrew about $15b to shore up the economy and still left more than he met on ground but if Buhari is to draw out such money from our reserve today, Nigeria could be bought by dangote.

wirinet:
Any society that losses sight of the past cannot have a future. Nobody was saying OBJ was a saint, but we need to know how he was able to achieve all those things when crude was selling at $30/barrel.

blackberlin:
That cat is called an African Civet.
By the way, your grammar na die. . . You killed the animal at your "working please"
Na wa o. . .

rozayx5:
48 hit combo

wirinet:
So what happened to Jonathan's 52% share if the funds? So Amaechi revealed Jonathan from saving. It was also Amaechi that made Jonathan withdraw money from the excess crude accounts illegally?

wirinet:
And within that time OBJ was able to pay $16 billion to the Paris club, hosted CHOGOM, Commonwealth games, saved into our foreign reserves and still steal some money. OBJ must be a miracle worker.
Now why not compare with Jonathan's five years when crude prices averaged $100 per barrel.

Rikidony:
OIL PRICE UNDER PDP RULE OF 16YEARS

SURElee:
My dear, for your pain and loss receive double in Jesus name. Amen!!!!