denko:
Gullible You recover and borrow cant you think

U are the one who has refused to think.

Did u read the post?

Didn't u read where the president is appealing to the NASS to pass the bill on using the funds?

Buhari wants the funds to be used according to specific laws to make they are not relooted.

Or are using expecting him to start using the funds without authorization so u can see something to accuse him of?

CROWNWEALTH019:
Clean up way that short devil go snap pictures then wan resume again

The way some of u reason badffles me

If the minister had not stated the stage they are now in the process to cleanse Ogoniland, would u have known that the govt were still working on the clean up thing?

MrPolitics:
What is this one saying? Nigeria has been Africa's largest economy since 2013 and is definetely not Africa's best performing economy in 2018 with such slow GDP growth.
But it remains the largest economy

Largest economy that coudn't withstand the heat caused by the fall of oil price for just less than 5 months?

olaboy33:
Ameachi should take some dressing lessons from Ambode or Cole...

To wear suits abi?
If only u knew Ameachi when he was the governor of Rivers State

gentlegenius:

You've forgotten one important fact: Buhari has borrowed more money than the entire PDP 16 years of leadership.
Pls add this to the points you made above.
All your points seems to suggest that GEJ had more money to spend than buhari. Accepted!
The global economic crisis didn't really favour buhari's administration. But when you consider the sum of money he'd borrowed so far, and the ones he claims to recover through his glamorous corruption fight, you'll see why we refused to accept excuses for his failure to deliver the Change he and his party promised us.

The question u should be asking are

Why did GEJ borrowed to pay salaries in the first quarter of 2015 which was just few months after the global fall of oil price?

That alone will give u the picture of the state of the economy because if he had to borrow to pay salaries despites all his govt earned and the fact that his govt was enjoying over 2. 5 million bpd till he handed over to Buhari was a clear indication that the economy was bleeding to death.
.How much did Buhari inherited from Jonathan to enable him run his govt?

With deady and massive attack on oil installations by Niger Delta Avenger which brought oil production to below 25% and oil price at $37/barrel, where else did u expect Buhari to get money to inject into economy that was almost collapsing?

IMF asked Buhari to raiae money vya tax but he said no because the bad state of the economy had made some comoanies to shut down and the people were suffering. So, borrowing to save the economy was the ony way out..

If Jonathan had managed the economy well, Buhari would have no business borrowing that huge amount

mercenary:
Am not jobless like you... Go to Reno's page and get all the facts you need and stop dishing out gibberish

U mean Reno's hypocritical lies? I have given u the raw and undiluted facts

ECONOMY

NIGERIA BECAME THE LARGEST ECONOMY UNDER GEJ


I will respond with facts and figures.

1. Yes Nigeria became the largest economy in Africa under GEJ but did GEJ handed over th same largest economy to Buhari? The answer is a capital NO! The truth was that the economy was bleeding profusely when Buhari took over from GEj.

It is one thing to become the largest econony in Africa and it is also a different thing to sustain the status. GEj made Nigeria the largest econony in Africa but couldn't sustain it even though he had the resources at his disposa to do so.

If the economy was doing well under GEJ, why would the FG borrow to pay salaries? According to Mrs Iweala, it was due to the crash of oil price in late 2014.

Yhttps://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-sYalaries-okonjo-iweala.html

If the economy was that vibrant as as we were made to believe, why did the FG had to borrow? What happened to all that the FG earned when the oil price was above $100/barrel?

What did they do with the money the nation earned when oil price was high that warranted them to start borrowing to pay salaries just few months after the fall of oil price despite producing over 2.5 million barrels of crude oil per dayy?

https://www.vanguardngr.com/2016/08/jonathan-nigeria-earned-n51trillion-crude-oil/

GEJ's govt earned oil revenue as much as OBj, YAR'ARDUA, and Abdusalani conbined

www.saharareporters.com/2014/10/19/jonathans-oil-revenue-much-yaradua-obj-abdusalami-abacha-combined

Yet he did not save any money apart the from the ones saved by OBJ and Yar'Ardua.

Don't forget that when the oil price crashed under Yar'Ardua that he injected $1bn from the ECA into the econony to save the nation. He didn't rushed to borrow because he already save money unlike GEJ who rus3hed to borrow because he didn't save despite earning more oil revenue than those who saved from the little they earned.

THE FALL OF NAIRA AND WHY BUHARI HAD TO BORROW.

The foreign exchange rate was about N180/$1. But there were othter factors to consider in order to know why Naira fell to N363/$1

1. Nigeria earns 95% of her forex through crude oil export.

2. When Buhari took over from Jonathan, the oil price was $37/barrel.

3. After Buhari took over, Niger Delta militants declaredf war on oil facilities which brought the daily output to below 500,000 bpd. That was a deadly and massive blow on our only source of survival as a nation.

4. GEJ left about $35 billion in our resrrve which wast part of funds saved by OBJ and Yar'Ardua. That amount was too small to sustain the economy.

5. The fall of oil price, the attack on oil facilities that brought oil production to below 25% and the fact that the immedate past govt did not save but went ahead and spent the money saved by OBJ and Yar'Ardua was what brought the pressure on Naira.

6. Nigeria was not the only nation that devaluated her currency due to fall of oil price. Russia, Egypt, and other OPRC member nations all had their currencies affected. Venezuela's economy lies in ruin today because of the fall in oil price.

7. In Nigeria, the demand for dollar was and is still high but the only means for Nigeria to earn forex was undfer heavy attack by Niger Delta Avengers and this was the sole reason many companies folded up because they couldn't source for dollars to run their companies resulting the lost of millions of jobs.

8. That was why the govt went for foreign loans so it can be injected in the economy because that was one of the 22 options the govt had to save the economy. The other option was to tax the masses even more to raise money but Buhari said no to that because the masses were already suffering due to the state of the economy.

RAILWAY SECTORtt

2. Talking about the revival of the railway sector, i want to make it clear that it was actually started by OBJ. Obasanjo was the one who planned and designed it but due to lack of funds, he changed it from a standard track to narrow track. But when Yar'Ardua took over from Obasanjo, he insisted that the right thing must be done. He ordered the review of the projects which was completed in late 2009 but unfortunately he became sick and eventually died in Nay 2010. GEJ took the next step which was to award the contract and release the funds for work to commence.

Facts about the rail sector can be seen here

https://www.thecable.ng/factcheck-obasanjo-leave-65bn-excess-crude-account

Jonatthan did the major job of awarding the contracts and releasing of funds for work to commence but he wasn't the one who originally planned and designed the projects. Buhari has completed Kaduna - Abuja rail project, Abuja light rail project. He is also working on the Warri - Ajeokuta rail project that was awarded in 1987 and hopefully would start operation soon. Buhari governnent started Lagos - Ibadan rail project and according to reports the train will start operation by December 2018 or January 2019.

AGRIC SECTOR

3. Someone rightly said that making a law is not the problem of Nigeria. But enforcing the law iss real the problem. Jonathan had good agricultural policies but he lacked the political will to implement those policies. U will agree with me that unless the policies are implemented, they will remain worthless and unproductive.

Lets use rice for an example. Jonathan was planning on banning the importation of rice in order to encourage local production. But the same Jonathan was approving rice importation worth billions of dollars to his men to import rice into the same country that he was encouraging local production.

There was no way the local farmer could survive when the same product is been imported into the country and sold cheaply.

Yet Reno Omokri is fond of telling everyone that Nigerians bought a bag of rice at N8009/bag but he won't tell them that under GEJ that Nigeria spent over $4 billion ( exchange rate was N180/$1) in 2014 to import rice and that Buhari cancelled all the rice import quota for 2025 which GEJ hurriedly signed few hours before handing over to Buhari.

Nigerians were actually been fed with cheap rice of sorrow while enriching some politicians.

See facts and figures of the sharing fornula under GEJ in the link below.

https://www.premiumtimesng.com/news/headlines/197242-how-jonathan-govt-issued-multi-billion-naira-rice-import-quotas-last-day-in-office.html

Jonathan's agricultural policies failed because he lacked the political will to implement them. So give credits to the man with the political will to implement policies that is encouraging local production.

4. Ameachi and other govs demanded that the money saved by OBJ and Yar'Ardua be shared because Jonathan was illegally withdrawing the funds for reasons only known to him and his aides which was against the law.

Just earlier this year President Buhari withdrewed about $500m to pay for fighter jets and all hell was let losed because he didn't get permission from the National Assembly. The question is, where were the National Assembly when Jonathan was withdrawing funds from the same account without telling Nigerians what he used the money for.

Jonathan did not save but was illegally withdrawing the one saved by OBJ and Yar'Ardua. But Buhari is saving and building infrastructures with the little his govt is earning.

Reno Omokri Should Rather Blame GEJ and not Buhari


Here we go again. 3The foreign exchange rate was about N180/$1. But there were othter factors to consider in order to know why Naira fell to N363/$1

1. Nigeria earns 95% of her forex through crude oil export.

2. When Buhari took over from Jonathan, the oil price was $37/barrel.

3. After Buhari took over, Niger Delta militants declaredf war on oil facilities which brought the daily output to below 500,000 bpd. That was a deadly and massive blow on our only source survival as a nation.

4. GEJ left about $35 billion in our resrrve which was the part of funds saved by OBJ and Yar'Ardua. That amount was too small to sustain the economy.

5. The fall of oil price, the attack on oil facilities that brought oil production to below 25% and the fact that the immedate past govt did not save but went ahead and spent the money saved by OBJ and Yar'Ardua was what brought the pressure on Naira.

6. Nigeria was not the only nation that devaluated her currency due to fall of oil price. Russia, Egypt, and other OPRC member nations all had their currencies affected. Venezuela's economy lies in ruin today because of the fall in oil price.

7. In Nigeria, the demand for dollar was high but the only means for Nigeria to earn forex was undfer heavy attack by Niger Delta Avengers and this was the sole reason many companies folded up because they couldn't source for dollars resulting the lost of millions of jobs.

8. That was why the govt went for foreign loans so it can be injected in the economy because that was one of the 2 options the govt had to save the economy. The other option was to tax the masses even more to raise money but Buhari said no to that because the masses were already suffering due to the state of the economy.

AudiozillaGears:
well, not everybody reads or agree with what the Bible says. So if they believe their God is a woman, it's their God not yours.

Durga is the Indian Supreme Goddess, so i guess thats where the insunuation that God is a woman came from

clarocuzioo:


MR. Buhari wants my vote and am telling him what i want, its either fulfills it or back off, chikena.

He can forget the 5% since they are not important to him. Nobody is begging him.

Story

As if u ever wanted to vote for him in the first place.

clarocuzioo:


Mr twisted mind, what of those that got both appointment and infrastructural development, south east wants their fair share of the national cake, if he is not wiling to give us our fair share he should forget out votes period.
This is politics and it is all about intrest.

With all the political appointments SE got under GEJ, can u mention tangible projects that was executed in SE ?

clarocuzioo:
Buhari that did not find any of you south eastherners who are ass licking him qualified and trust worthy to be his SGF.
You people should really be ashamed of yourselves.

This is the problem with those with twisted mindset.

South East needs infrastructural development and not a mere political appointment


KEEP DECEIVING YOURSELF

Splashme:
Talk, talk, talk, talk uptil date nothing tangible.

They abandoned the Lagos - Ibadan expressway for nearly two years when the money GEJ released to contractors go finished. They just rushed back to site last month so they would have something to campaign. Till date the good portions of that road are the ones GEJ did before leaving office

....
Why cab't you say the truth for once?.
Were the funds meant for the road in previous budgfets used in organizing burials for ur ancestors?

forayfleo:
Stupid idiot

He is now a stupid idiot because he left pdp for apc right?

That man may worth more than all ur ancestors

Donald95:

Please don't compare the zoo with a civilized country abeg.
SWAT saves lives while SARS takes life

If Nigeria is a zoo then u are an animal caged in the zoo

Receive little sense

SolutionMee:
See Crowd

Chai! See population
Saraki is a myth in Kwara I told zombie
Kwara is to Saraki as to what Russia is to Putin
I stand with Saraki
Like if you are with me
Share if you want others to join us

I thought it was a Islamic festival and not a political rally?

meforyou1:
Zoo police. Those fools should release those women now. What arrant nonsense? One gunshot and all of the dem useless police will pull their uniforms and throw inside bush and wear only singlet and knicker and look like mad men that they truly are.

You mean they should release the animals caged inside the zoo?

arcike:



1 don't lik wen ppl say tins dey hv no idea of... oga APC has more moni wen it cums 2 rigging... take anambra and bauchi as a case study... d only tin is dey couldn't win anambra cos of d Igbo's hatred 4 d party despite sharing as high as 7k in some polling units...

d president carried all una security men 2 ekiti just cos of election but wen Fulani's were killing in Benue, plateau he turned in2 a mute... una mumu still neva do

Stop being hypocrite! Why must Wike use money meant for Rivers state to buy votes in Ekiti state?

Were there no killings in the North when GEJ made Fayose DSS commander to intimidate and rig Fayemi out?

babasanti:
the world knows votes we're bought

Just the same way the world knew that Wike robbed Rivers people by using the money meant for the development of Rivers state to buy votes in Ekiti just to save Fayose.

4everisaac:
I'll advise APC to stop receiving defectors if they want their party to stand. I mean, who in his right senses will want to associate with them?

Who in his right senses will like to associate with APC?

Is PDP not dominated by Hausa/Fulani northerners?

If yes; then why are Southerners and Easterners supporting PDP?

Bibidear:
foolish man

Is it not an act of foolishness to insult someone who took a decision to add more feathers to his political wings?

How many of you still remembered that we had a similar case as this in Rivers State when PDP INSISTED IN USING THE NEW STADIUM FOR THEIR RALLY DESPITE AMEACHI NOT APPROVING IT?


www.thetidenewsonline.com/2015/01/21/rivers-pdp-insists-on-use-of-new-stadium-for-rally/

Babyforever:
So this is how they smuggle boko boys uniform

Election materials are arriving

tsephanyah:
Sai Baba

Why have you decided to make some peoplrle suffer cardiac arrest with this SAI BABA?

He was on a revenge mission to get his own share of the money from Regina's dad who used them to rob his firm. So, he became her driver. I still remember the movie


But why this guy dey also be criminal for movie?

Please i need help to locate ny REGISTERED MAIL parcel in Nipost which arrived the country from Mumbai, India since July 9 but its location is unknown till date.


I have called their nain office and after tracking the parcel i was told that it was in Umuahia main office. I called Umuahia main office to verify but i was told that they were not with my parcel . I was asked to visit Aba man office since they were close to my address but when i got to Nipost office in main park and Ngwa road Aba, i was told that they haven't received my parcel yet.

But according to the tracking details on Nipost website shows that the parcel got to the delivery office in Umuahia on July 11, 2018. But the lady i spoke with in the Umuahia office said if any parcel comes in with the address in Aba or neigbouring town around Aba that they usually send it to Aba main office for deivery.

Below is the tracking details

1. On July 9, 2018 by 11:13AM.
Received item at the office of exchange in NGLOSA

2. On July 9, 2018 by 2:42PM
Insert item into domestic bag in NGLOSA

3.July 11, 2018 by 9:52 AM
Item arrived at delivery office in NGUMUA

4. July 11, 2018 by 10:06AM
UNSUCCESSFUL ITEM DELIVERY ATTENPT IN NGUMUA

I have been trying to lacate the parcel but still can't find it and i have not been contacted either.

Can anyone explain what coulf be going on to me?



Thanks

I have received my parcel

newsnjobs:
Ekot Epenem!
Really, have not heard of such name before.
If you are talking of Ikot Ekpene, then you are wrong.

Didn't u read about Edet in primary school?

psucc:
Did you hear or read from Premium Times website that Adeosun paid over N10b to the senate to keep sealed lips on the NYSC issue?

Na today e start?
I don't care about whatever her flaws might be as long as she is doing her job well because nobody is perfect.

Under Ngozi did u hear about budget padding? No
But was the National Assembly paded budget under Ngozi? Yes

If not for Ameachi did Ngozi tell Nigerians that they were withdrawing funds from our reserve and what they used the money for? No

Till today Nigerians are ignorant what the money was used for. But Bihari withdrew about $500m from our ECA to pay for a dozen of fighter jets and all hell was let open.

But when Ngozi and GEJ gave Dasuki over $2 billion to buy arms for the country which he didnt buy a singe catapault instead he shared the money with his partners and nobody said anything about it until Buhari came.

I will also ask u to go to Premium Times to read about the evil called rice import quota which took place under Ngozi as coordinator of the economy

otuekong1:
but u forget to also add that under adeosun companies have laid off their staffs n more than 4m nigeria lost their jobs,hmmm it pity ur generation

Yes you are right but blame it on Ngozi and not Kemi. Do you why Ngozi should be blamed?

There is an Igbo saying that YOU CANNOT BE A WEALTHY PERSON BY THROWING AWAY ALL YOU'VE EARNED.

The govt Ngozi supervised did not only inherited a vibrant economy and mouth watering savings from Yar'Ardua's govt but the government of GEJ also prospered with high oil price and daiy output of crude oil without any interruptions from Niger Delta militants. Which made GEJ'S govt the most properous since 1999.

But like the Igbo proverb i quoted above, our economy was brought down to her knees because the prosperous govt Ngozi supervised didn't save but went ahead to throw away the ones saved by other govts.

Reno Omokri the hypocrite will tell Nigerians bought rice at N8k per bag but he will tell them that his principal spent over $4 billion in rice importation in 2014 when dollar wasn't upto N200/$. Or the dubious multi billion rice import quota for 2015 which GEJ signed few hours before handing over to Buhari. But Buhari cancelled them when he took over.

Kemi inherited an economy that was bleeding because of Ngozi's mismanagment.

Oil price was at $37 per barrel

Militants were blowig up oil facilities while many of us were cheering then simply becaue we hated Buhari while our only means survival as a nation were been destroyed.

There was no reasonable reserve to sustain our exchange rate

Companies had lay off their staffs and some even shut down causing million to lose their jobs

You will appreciate Kemi and Buhari for where we are today after reading about how the richest country in South America called Venezuella became the shadow of herself due to the global fall in oil price.

REMEMBER THAT NIGERIANS BOUGHT A BAG OF RICE AT N8K WHEN GEJ SPENT OVER N800 BILLION IN RICE IMPORTATION. BUT BUHARI SPENT LESS THAN N30 BILLION TO ENCOURAGE LOCAL PRODUCTION AND NIGERIANS ARE BUYING A BAG OF RICE AT N18K; SO IMAGINE WHAT THE PRICE WILL BE IF HE SPENDS THE SAME N 800 BILLION WHEN MORR PEOPLE ARE WILLING TO GO INTO LOCAL PRODUCTION OF RICE.