₦airaland Forum

Chukwuma Soludo, former governor of the Central Bank of Nigeria (CBN), says the presidential regime of Goodluck Jonathan had “the worst economic management team” relative to available resources. The former Anambra state governorship aspirant also lamented that the Jonathan administration left the country with an “unprecedented rate of debt accumulation”.

However, he commended the Peoples Democratic Party (PDP) for still managing to record “tremendous progress” in its 16 years of ruling the country. Soludo was speaking in Lagos on Thursday at the third anniversary lecture of the RealNews magazine titled ‘Can a New Buharinomics Save Nigeria?’

“First, I supported President Muhammadu Buhari (PMB) over Jonathan not because I was convinced about the credibility of the APC manifesto (and I said so in my article in January this year) but for three reasons. I was convinced that the last economic team was bankrupting the economy and had no clue as to how to fix it,” he said.

“Second, PMB is the first president of Nigeria under a democracy to have seriously desired the job and struggled for it for over 12 years. To me therefore, he must have a few points to prove, and I was willing to bet on a man who purposefully wanted the job than otherwise. “Third, I was convinced that it would be in the enlightened self-interest of the APC, once in power, to do their utmost to keep power by delivering on the economy unlike the PDP which had taken power for granted. I am still confident that PMB can deliver change (although as I had indicated in my article in January, I didn’t believe that any of the two parties could deliver on their manifesto) but he and his team now need to run at the speed of a 1000 km per hour.

“We must support them to succeed by contributing when we can, and criticising when we must — tough love! I am enjoying my status as ‘an independent’ (I don’t belong to APC or PDP) and I therefore have the liberty to say it as I see it from the balcony! “As at 1999 when PDP came to power, Nigeria was largely a pariah state still lucky to have survived as one indivisible sovereign, especially in the context of the struggle by NADECO and restiveness in many parts of the country. On corruption, Transparency International scored it 1.6 out of 10 and ranked 98 out of 99 countries in 1999.

Nigeria was listed among four countries that were non-compliant on the anti-money laundering rules by the Financial Action Task Force (FATF). “We could not service our external debt and relied on stressful rescheduling, with all the intrusive donor conditionalities. Poverty was estimated at 70%, and unemployment at nearly 20%. The 1990s will go down in our economic history as the decade of stagnation: when per capita income growth was zero. Average oil price in May 1999 when President Obasanjo took over was $15.24 while stock of reserves was about $5 billion.” Reflecting on PDP’s and Jonathan’s reign,

Soludo said: “After 16 years, several challenges remain and some have even worsened (especially insecurity). Although President Jonathan’s regime had the worst economic management relative to the resources at its disposal, it must be stressed that tremendous progress was made in the aggregate 16 years of PDP government. “

Yes, it should have left more than $100 billion in reserves but left only $30 billion (still about six times of what it met). We also wish that Jonathan’s team did not leave Nigeria with unprecedented rate of debt accumulation. But, according to statistics from NBS, the PDP handed over a $550 billion economy (largest in Africa and 26th in the world), with 7.5% unemployment rate (better than European Union, France, Sweden, Belgium, etc although the underemployment figure is much higher); 32%?? poverty rate (as claimed by the former Finance Minister, or 61%??: NBS needs to clarify this claim); a stock of reserves of $30 billion; GDP growth rate averaging 6% over last 12 years; a relatively more diversified economy, with ICT penetration from 0.2% to over 60%, and a new contributory pension scheme now with trillions of Naira in pension fund. “Our external debt is down although total debt stock is escalating.

Our Gini coefficient (degree of inequality) is not different from China’s. Nigeria has consolidated and stronger banking system that currently finances both government debt and the private sector, with a relatively vibrant capital market. The capitalization of the Nigerian Stock Exchange grew from less than N1 trillion to N12 trillion as at handover. For the first time, Nigerian economy is now rated by credit rating agencies (Fitch, and Standard and Poor’s).”

Read more at: https://www.thecable.ng/jonathans-regime-worst-economic-management-team-says-soludo

chuna1985:
Olodo, @ certain angles, uvcan see the face of a driver in a tinted glass thru d tinted glass cars side mirror.

Lol...clap for ur sef.

alcmene:
I am ashamed! The high-tech equipment bought by Goodluck is now being cowardly given to bokoharam

I am ashamed that the real clueless one has arrived and everything has gone from bad to worst.

I am ashamed that bomb blast killed people in Yola and Kano and no one gives a damn where next will be bombed

I am ashamed that i cant find fuel to buy

I am more ashamed that those saddled with the responsibility of securing the lives of the masses are somewhere fiercely doing press up and ingloriously caressing and posing with snakes while the innocent soldiers are forced to embark on suicide mission to sambisa forest with bare armed with sticks and den guns

Lol..and you will.soon die of shame. Keep leaving in self deceit

Anthing to attack APC or Buhari now makes FP. But anything in support of APC is allowed to die a natural death in politics section. Lasticlala seun take note

RapLawd:
stop soliciting for FP...if this trash worth it...you won't even know when it will hit FP

Lol. Pained hungry IPOB youth. Even your NL god asks for FP.

Seun lasticlala dominique obinoscopy this is how this thread will be allowed to die a natural deathn but if its an opinion thread from a biased PDP opposition. ..fiam its FP.

hayzee545:
I have noticed you on this platform, you are so raw and loosed, is this how you are brought up or you just decide to turn yourself to a nuisance...keep on ranting, as if you can do more than this your online chest beating

Mail me here. Thanks

alt.s9-bozclppn@yopmail.com

omenka:
First, it is IPOD and not IPOB.

You raised very important questions here and I'm disappointed APC is yet to respond to PDP's accusation. I'm very sure they are well aware of the loopholes in the "story" as narrated by Ekweremadu's media aide.

What is most astonishing about the story is the fact the incident just began and ended like a boring movie. How could such a brazen attempt be made on the life of the 5th citizen of the country and no chase was given the assailants!!?? Did they just "disappear" after ramming into the convoy or what?? Who were the eye witnesses and why isn't the media awash with the story?? It just made headline for a day and then vanished like nothing happened!

The tinted vehicle attacked from a flank yet they could see a "bearded man" in the vehicle- did the security details of the DSP have night vision goggles on Was the road closed to traffic during the incident?? How come no other private vehicle was involved??

There are a billion questions that could be asked regarding this incident honestly. The stories are just not adding up.





Lalasticlala, I think this thread deserves greater publicity.

Thanks for the correction. You just added my concerns and questions to be asked....

davids202:
I've been in a remote place so my glo doesn't work here pls.

Why is it after every transactions that either the seller falls sicks...or travelled or in one desert of the other. ..

CaroLyner:
you should report to the school authority about his inappropriate behaviours.

Report him to other perverts?

Dominiquez:
Before you ban the means the poor man sees light give him a stable power supply.

A poor man that can afford that gen can afford something better tgan than thrash with just a little effort. A poor man will not even have a gen in the first place. What Is causing more harm than good should be left ...simply because of your assertions

The usless generator have killed many families

lalasticlala:
http://leadership.ng/style/475693/why-keeping-cell-phones-near-the-head-is-dangerous

Final oga. Your attention is needed here

https://www.nairaland.com/2747454/another-look-into-ekweremadu-alleged

Ecoplexus:
Same way Buhari's assasination attempt don't add up.

Attempt where a bomb....exploded and made a significant inpact on the target vehicle doesnt add up....but an attempt where no single shot was fired adds up.

Ike Ekweremadu is a coward......he could not even play with only one rubber bullet....but Buhari played with a bomb

vedaxcool:
I hope the matter is properly investigagted, Papa Destroy Pikin are capable of anything.

And if found to be a fiction/scripts ... Senator Ike Ekweremadu, should be "WITCH HUNTED"

ernesty20:
Another trash from a yellowbar

when will u out grow your folly? Any one opposed the impunity or corruption os yoruba. You dolts dont even know you are giving credit to.only the yorubas as people who want to country to move forward.

Buhari could play with a bomb but the coward could not even play with a rubber bullet...

Cc omenka, beremx, egift, passingshot, demdem,deemdemm, NgeneUkwenu, and others

I also call on fired moderator Ngwakwe AKA IsrealiAirforce

Omenkata:
[s][/s]

trash


die baba

One of the hungry misguided IPOB youth waiting for Buhari's 5k stipend on the loose.

When Nnamdi Kanu becomes your president in year 2200 you can have your stipends.

Seun, lalasticlala, Dominique, Afam4ever, oam4j

In the heat of the election campaigns, after the assination attempt by some elements on the now President of the Federal republic of Nigeria with a bomb their were multiple threads claiming attack was scripted and Buhari played with a bomb and 1 or 2 of this threads made FP.

It is amazing that the same elements who saw a bomb attack as stage managed are the ones pointing accusing fingers and making lots of dumb comments about an alleged assassination attempt that no single shot was fired. Is this not laughable

Moved here on purpose

omenka:
First, it is IPOD and not IPOB.

You raised very important questions here and I'm disappointed APC is yet to respond to PDP's accusation. I'm very sure they are well aware of the loopholes in the "story" as narrated by Ekweremadu's media aide.

What is most astonishing about the story is the fact the incident just began and ended like a boring movie. How could such a brazen attempt be made on the life of the 5th citizen of the country and no chase was given the assailants!!??

Did they just "disappear" after ramming into the convoy or what?? Who were the eye witnesses and why isn't the media awash with the story?? It just made headline for a day and then vanished like nothing happened!

The tinted vehicle attacked from a flank yet they could see a "bearded man" in the vehicle- did the security details of the DSP have night vision goggles on Was the road closed to traffic during the incident?? How come no other private vehicle was involved??

If it were some "bearded" guy (cleverly trying to tell us it was a muslim) that ran into the convoy in an attempt to kill the DSP, what's the logic in doing so when
the vehicle wasn't laden with explosives, or did the trigger of the bombs fail?? If it was some "bearded guy, wasn't it supposed to be a suicide bomber ("bearded" people's weapon of choice)?? Was he planning to ram the convoy and then jump out the car to finish the job using a rifle only to get shot and killed in the process

In which direction did the assailants flee after the botched "assassination attempt"??

There are a billion questions that could be asked regarding this incident honestly. The stories are just not adding up.





Lalasticlala, I think this thread deserves greater publicity.

NOTE: This is person opinion by the author of this thread.

After reading the statement on the alleged assassination attempt on Ike Ekweremadu by his special assistant on media, I found a lot of abnornallies and inconsistencies which made the whole story fictional.

Firstly, I dont believe that with the level of security in Abuja and the high alert on Boko Haram, an unmarked tinted Vehicle chauffeured by a "long-bearded light skinned foreigner" will be allowed to "park and wait" by a bridge like Apo Bridge waiting for their target.

2. The deputy Senate president's convoy , the fifth citizen of Nigeria will have operatives of the DSS and Nigeria police specially trainned as escorts hence its is suicidal or unreasonable for a lone car to try and ram or compromise such high level security. A "mercenary" will not be that daft

3. In the statement is was claimed that the vehicle was tinted, the only way the driver of the could have been seen clearly is if the enemy vehicle is coming from the opposite direction.

4. How come no single shot was fired at the enemy vehicle or attempts made by the security in the convoy to arrest the attacking vehicle. It is unbelievable that a vehicle that tried to attack the deputy Senate's president will be allowed to drive off without a chase.

5. At the latter end of the statement made by the special adviser on media, he said "The occupants attempted to attack the convoy, but were blocked."
They could ascertain the driver of the vehicle and even see he is long bearded and light skinned through a tinted class but no mention of another passenger or passengers but he went ahead and alleged that the occupants of the car tried to attack the convoy.

This allegations needs to be seriously investigated and is was staged managed by the allege accuser.

KOBOKO69

A statement issued by his special adviser on media, Mr. Uche Anichukwu which recounted the incident read thus:

“The Deputy President of the Senate, Senator Ike Ekweremadu, escaped suspected assassination attempt, Tuesday.

“The attempt occurred at about 10:00am between Apo Flyover and Dantata Construction Company’s yard, close to the Old Central Bank of Nigeria (CBN) Headquarters junction on his way to work.

“The suspected assassins who operated in a tinted, white-coloured Mercedez Benz AMG E63 without a plate number, were chauffeured by a long-bearded light skinned foreigner, apparently a mercenary.

“The vehicle, which was positioned by the Apo Bridge, on noticing that the Deputy President of the Senate’s convoy took the right turn to join the Nnamdi Azikiwe Expressway instead, made a turn. The occupants attempted to attack the convoy, but were blocked.1 The driver violently broke into the convoy and they made several frantic attempts to attack the Senator’s official car.”

The IPoB youths...who never voted for Buhari will keep say we made a mistake we are sorry...bla bla bla


Why the real change agents patiently enjoys and feels the change....

calebo101:

What weapons are the soldiers using to fight boko haram now? Is it bow and arrows?

Why suddenly the cries of soldiers having no weapons to fight have suddenly died down? When we know Buhari has purchased no weapons? Are they fighting spiritual warfare?

Some of u dont know jack about the military. U laugh anytime I read comments like this. what weapons are thr BH themselves using that the Army never had? Bokoharam have also been using army's weapons to fight the same Army. The raiding of barracks aromouries and hijacking of other armoured vehicles, hiluxes, tanks and the likes. Please weapon is BH using that is different from what Nigeria had. In virtually every barracks the amount of AK 47s in the armory can go round every soldier 2ce. This clowns were busy feasting of defense budget ...u are here defending the indefensible. Whats the primary weapon of the BH....is it not the same Aks....lol. with the whole money spent on weapons...I dont expect any soldier in the war zone to still be holding on to an AK 47 with 90 rounds or there about. Even Badeh confessed he had an l equipped army...despite the huge money spent....lol. clowns every where

Lol...

The OP didnt state how they later dealth with the Lastma officials

LastSurvivor:
U just dey talk rubbish. Anyway I don't blame you cos u have neither car nor generator so fuel is almost useless to u.. get a job man

You will fit as my house boy....or cook. U dont know jack kid.

LastSurvivor:
So ur still blaming GEJ at this stage, u have reaĺly lost ur sense of reasoning. .

Lol. Too may dumb juveniles. Na me talk say dem dey owe them since August or na the marketers cry out.August to may...a whooping 9 months...Who was the president? Even after the sudren billions approved for subsidy dec towards the end of the year...your god still didn't pay them. Buhari is trying hard to clear ypur gods mess...all u can do is wail and and wail. Or you expect thr government to skip august to may and start paying when the new government came on board.
You have more than 8 years to be bitter. Remain bitter and land in an hospital or change

CaroLyner:
thought orezi sang the original version

tyson99:
u ehn I no go leave u ooo I go dey follow u like escort

Is she fine?

noeloge82:
.Why blame CBN when we know that GEJ is d cause , he is clUeless , he is slow , he even told d vice to announce that d pump price will be reduced below 87 and a wk later u marketers are Hoarding feul, he even said that d refinary has started working infact he told every one that 439million has been paid to u marketer so y d cue ?
Or maybe someone did not shout change wait its not GEJ its. ?

U nor get sense. Who be president between August and May. They didnt pay them since August last year.. .with a the trillions spent on subsidy. Indeed u folks are shameless

IbokUtoroh:
this mess is it in form of debris or dirts?

Ask your Father!

crixtex:
The same man that dashed bailouts to Governors to launder their images without waiting for NASS approval. Is he now playing politics with this fuel scarcity by telling us subsidy is waiting for NASS approval, or what has happened?

Lol...clowns. NASS approval for bail out funds

walozanga:
how much wer u paid to sell ur conscience.
ur stupid president once said subsidy was a scam. wat is he trying to do now?
mr man u need medical attention cos ur head no correct.

Lol...

I dont have time for jobless youths. If the time u devote in online folly is invested in reading your books.....you probably would make a first class.

You have more than 8 years to do this....bitterness endangers health...you will.land in the hospital soon.

LastSurvivor:
U have this mentality of suffering n smiling.
Useless idiot..

Lol...what brings suffering and smiling talk here now. Misguided youth....face your studies and stop being an online lazy warrior....who cant even think properly. Lol

Firefire:
The darkness across the country is real...

No fuel to power generators, no fuel for commercial vehicles, you cannot easily buy fuel now in Nigeria.

On top that, we now have darkness and blackout and even paying for the darkness through electricity bill.

Can we conclude that Buhary is "Super Clueless" and does not understand governance in the 21st century ?


APC, Party of professional liars and career propagandist. - Lie Mohammed.

Even though we all know you are an e-diot by default, and stulidity is embedded in your DNA I will just take a little time to educate your folly.

1st the fuel scarcity was caused because your useless god didnt pay marketters since August last year despite subsidy claims reaching trillions.

Secondly...it was a towee that was vandalized not a pipeline which was the norm of the day where your gods cronies vandalize gas pipe lines and same is awarded to them to fix again and exorbitant prices.

You have more than 8 years to be bitter...or to keep being a daft. BUHARI cleaning your gods mess and cleary is Bobby traps si ce may 29 this year. Elections are over...your god has moved on...you move on too.

Firefire:
Where is your odour


O Buhary, where is your Body Language? O body language, where is your sting?

When u go get sense? They are talking about towen vandalim u attached a pic of pipeline vandalism.

Opposition is not by being stupid....or exposing your deep fooly.