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Obailala's Posts

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Christianity Etc › Re: Omotola Jalade-Ekeinde Reacts To Daddy Freeze "Giving Pastors January Salary" by obailala(m): 8:10pm On Jan 03, 2018
Coldfeets:
but as a pastor, I see nothing wrong at all in people bringing their january allawee to the house of the lord.

daddyfreeze should be aware that it has always been a willful donation/tithing.

why can't he just concentrate on his career?
I guess even Moses should have just ignored the call at the burning bush and continued with his shepherd careee. After all the Israelites were God's children and God would have still delivered them from bondage himself.
Christianity Etc › Re: Omotola Jalade-Ekeinde Reacts To Daddy Freeze "Giving Pastors January Salary" by obailala(m): 7:57pm On Jan 03, 2018
No big deal about paying 'first fruits', at least this one is optional, I'm yet to see a church which says it is mandatory like tithing.
Politics › Re: Federal Ministry Of Power's Statement On The Blackout On The National Grid. by obailala(m): 7:32pm On Jan 03, 2018
LordAdam16:
Maybe you should cross-check figures before posting them. I know I do.

And you're yet to show me where I said GEJ spent nothing. Since you have comprehension problems.
Huh?!
Cross-check what nonsense?... What's the different between 'over $8bn', $8.26bn vs $8.5bn? Instead of simply admitting your simple error and moving on to something else, you keep churning out this nonsense like a girl child desperate to win an argument?

By the way, go back and read my first response again; this time, try and read it slowly and apply your elementary school comprehension skills and maybe you will comprehend what I said without repeating your above silly question about GEJ spending nothing. I will help remind you below:
obailala:
POWER SECTOR SPEND
Firstly, cant you hear how incoherent you sound?... You first claimed OBJ wasted $16billion, then you claimed GEJ didn't spend much on the power sector...... (you obviously were blind to the word 'much')

.....But then, you emphatically stated that GEJ spent nothing on the power sector, but below are some reports which claims he spent over $8 billion..... (you obviously expect me to break everything down to kindergarten level for you right?... You are ignorant of the use of hyperboles to lay emphasis right?)
It's not blabbing when I provide links and facts to back my arguments, whereas you're either typing out of your a** or making unsubstantiated statements.

Yar'Adua spent $5b on NIPP in 2 yers. GEJ spent $8b on NIPP in 5 years. Maybe you should help me find out how much OBJ spent on the NIPP in 2 years.

Right now, the NIPP is like the refineries.

I maintain that the bulk of OBJ's $16b spending was not on the NIPP, like you erroneously assumed. And I backed it up with facts.

The bottom line is that if OBJ hadn't constituted the NIPP, Yar'Adua wouldn't have to spend that $5b, and GEJ wouldn't have had to spend $8b (if they did, it would have been on more useful things like rural electrification and improving transmission capacity). And I bet Buhari is spending his own billions. Yet OBJ would have clearly spent above $10b. So who among the three was wasteful?

I don't know why it's hard for you to think critically. I know you're capable of doing so, but for reasons best known to you, you choose not to.
So the bone of contention to you is now NIPP?... You are now trying to say the NIPPs are useless and a bad idea simply because OBJ started them right?... And by the way, I'm still struggling to see where I mentioned that the $16bn spent on the power sector was spent on NIPP alone. What on earth is wrong with you? Are you on drugs or what? angry


So why did you bloody mention that GEJ handed over 2000MW if you weren't trying to be mischievous?

Do you hear yourself?

You know there was a reason why it fell to 2000MW. You know it was usually around 4500MW under GEJ. Yet you felt the need to mention that on the week of the handover, it fell to below 2000MW without stating the reason why. Does that not reek of political meandering?



My simple question is that why did you have to mention that it dropped below 2000MW on the week before handover without stating the reason why? Even more importantly, why did you have to share that information, without being objective to explain why, in the same post that you were accusing GEJ of being corrupt and wasteful?

Or do you think you're conversing with a kid?

I've told you. This is a new year. Leave those your stupid*ty and political mischief in 2017.

-Lord
Did power supply drop below 2000mw or not?... YES or NO! So what exactly has your silly arguments all evening been all about?
I simply responded to a person who threw a jab at Fashola/Buhari over the temporary failure in the power grid last night; the person ascribed the temporary failure to Buhari being a certificateless illiterate and I pointed out to her that the same power failure also happened even at the handover week of the last PhD holder president. And then you ignorantly jump into my mentions like a lost sheep with all manner of obscenities. After making a fool of yourself, it is only now that your brain tells you to ask why I had to mention the system collapse in the first place? ... What sort of nagging old wife are you? undecided
Politics › Re: Federal Ministry Of Power's Statement On The Blackout On The National Grid. by obailala(m):
LordAdam16:
Can you show me where I said GEJ spent nothing?

It seems you are daft? If I said he spent nothing, then what money did he spend on "completing existing power plants, boosting transmission capacity, and rural electrification."

Or is the NIPP not part of "existing power plants"? None of the pages you quoted said $8.5b. If you had said over $8b, I'd not have asked you to provide a quote.

If OBJ did most of the hard work like you claimed, why did Yar'Adua in only 2 years have to spend $5b on the same project? OBJ started the NIPP in 2004, a year after his re-election. He had already spent most of that $16b in his first tenure. It was in 2005 that the Electric Power Sector Reform Act called for the unbundling of PHCN.

And how is it that "most of the expensive heavy equipment, turbines etc. were already procured and were rotting away in the ports" for the NIPP were actually imported in 2003, one whole year before the NIPP was conceived. http://shipsandports.com.ng/nebo-takes-delivery-of-248-phcn-containers-abandoned-for-10-years/. Later if I insult you, you'll say it's uncalled for.

All OBJ did was start a very expensive project that other administrations had to complete or risked being called out for discontinuation of projects when we didn't have electricity. Yar'Adua didn't want to pay, that's why funding was halted for more than one year. If all you could find about GEJ's electricity expenses was on this same expensive, glorified NIPP project that he was compelled to finish, then it shows how bereft of common sense you are.
OMG! you are such a shameless human to have even considered such a pointless and embarrassing response. Any human with an iota of self respect should have just remained silent. What is the difference between $8.5bn and $8.26bn?

Off my head, I mentioned that GEJ spent $8.5 billion on the power sector. You instantly jumped on me like a ferocious lion, dismissed my statement and labeled me a 'stupid liar'. I returned after a simple google search providing evidence that the specific figure spent was $8.26 billion, only for you to come back now and say "I should have said over $8 billion". How shamelessly despicable can a human possibly be? undecided

And then you go further once again to run your fingers blabbing about how the $16 billion spent by OBJ was a total waste, but the 'over $8billion' spent by GEJ was prudently used. You even dared to mention that 248 containers of power system equipment stuck in the ports were cleared by Nebo in 2014 (several more were even cleared recently in 2017), but you still fail to acknowledge that these were part of the $16 billion sunk in by OBJ?... What sort of shameless hypocritical bigot are you? undecided

Yet in the same page you quoted, this was the first part of the article:
Of course every human with a functioning brain knows there was a reason why the power dropped to such low levels, same way there are also explainable reasons why the power drops intermittently till date. I don't remember mentioning anywhere that there wasn't a reason for the drop; only thing I mentioned was that there was a major power system collapse which saw power dropping below 2000mw at the time of handover. So what on earth are you blabbing about?.. Why don't you just shut-up and run along? angry

You see how mischievous you are?

It was at a peak of 4,500MW on April 2015 and you are saying because of the strike that took it below 2,000MW in only ONE month, then it means GEJ did nothing in the power sector? See how stup*d that sounds?

And by the way peak power on First of January, 2018 is 4,685.30 MW. So are you telling me Buhari has added only 185MW in over 2 years?

Are you normal at all?

-Lord
Once again, nowhere did I say the generation level was permanently below 2000mw, I only said the power dropped below 2000mw on the week before handover. If you do not have the most elementary English language comprehension skills, but rather choose to jump around ignorantly insulting people like an attack dog, then I'm sorry, I cant help you.
Politics › Re: Federal Ministry Of Power's Statement On The Blackout On The National Grid. by obailala(m): 2:43pm On Jan 03, 2018
LordAdam16:
You have started this nonsense in 2018.

GEJ did not spend $8.5b on the electricity sector. Provide a quote to back that up.

GEJ privatized the sector. That's what he did for most of his tenure. Every money spent was in completing existing power plants, boosting transmission capacity, and rural electrification. The money he realized from selling off the generation and distribution part of PHCN was used to pay gratuity to the workers. Every last kobo of it. It is on record.

OBJ wasted $16b on power, yet you guys were falling at his feet in 2015. If I were to blame him, I wouldn't say it's because of the amount he wasted, because he was our first president in the fourth republic and he at least had to try to make it work under government hands. What I'd condemn him for is how long it took him to realize that he had to privatize the sector. It took him too long.

Why do you think he decided to sell the refineries?

GEJ got elected, saw all the stats and knew throwing money down the pan would not yield anything tangible. He also found that restructuring NEPA to PHCN didn't do much either, so he decided to unbundle it and let the government run only the transmission part. It is that same transmission part that has collapsed an average of 30 times annually since 2014. Including in 2015, 2016, 2017, and yesterday was the first of this year. It would collapse again before this month is over.

All of you politicizing power in Nigeria are completely disgraceful.

And Nigeria was not generating 2000 MW when GEJ handed over. We have a bloody government-established website tracking power generation in Nigeria--https://nsong.org.

It gives daily updates. The peak and lowest generation always varies and it's been between 4000-5000MW peak and 2500-38000MW off-peak since 2014. Occasionally, it drops below 2000MW, like it did in March 2016 when it dropped to 1580MW -- https://www.vanguardngr.com/2016/03/power-generation-drops-to-1580-6mw/.

So, don't be stup*d! If you have nothing tangible to say, sh*t your trap!

-Lord
@LordAdam, this is 2018, don't you think it's too early to begin raining insults at people while you expose your ignorance?

POWER SECTOR SPEND
Firstly, cant you hear how incoherent you sound?... You first claimed OBJ wasted $16billion, then you claimed GEJ didn't spend much on the power sector, and then you stated again that GEJ only spent money to complete existing projects. If I may ask, what existing projects did GEJ complete (if not for the numerous projects previously started by OBJ with the $16 billion)?... Can't you see how hypocritical and ridiculous you sound in your desperate attempt to demonize OBJ and sanctify GEJ?... Whilst OBJ may have mismanaged the $16 billion, the fact remains that he commenced all the NIPPs and most of the expensive heavy equipment, turbines etc. were already procured and were rotting away in the ports with the funds meant for their clearing and installation squandered/looted. GEJ like you said only picked up from where OBJ stopped.

But then, you emphatically stated that GEJ spent nothing on the power sector, but below are some reports which claims he spent over $8 billion (still to no avail exactly just like OBJ), I did not create these reports so you have no right to call me stupid.

https://www.businessdayonline.com/fg-spends-8-26bn-on-power-sector-inaugurates-nipp-olorunsogo-ogun/
https://www.vanguardngr.com/2015/08/power-sector-senate-probes-obj-yaradua-jonathan/
http://thenationonlineng.net/jonathans-dark-power/

POWER GENERATION
You posted a link to the NESO website (https://nsong.org), but if you were half as smart or meticulous as you brag, you should have at least opened the website you supplied to verify my claims before jumping to make a fool of yourself in public and calling me names. Below is the report of peak and minimum power generation just a week to handover and on the handover day showing generation dropping to below 2000mw
www.nairaland.com/attachments/5381093_powergen_jpeg1c9f6029b22df1fe842d7c86b55cae51

Below is a news report on the week of handover to that same effect:
http://www.premiumtimesng.com/news/headlines/183496-nigerias-power-generation-at-all-time-low-crashes-to-1327mw.html

So now that I have provided some evidence to back-up my claim, who do you think is actually being stupid and should shut-up between us both??
Politics › Re: Federal Ministry Of Power's Statement On The Blackout On The National Grid. by obailala(m): 1:26pm On Jan 03, 2018
stellx:
The rudderlessness of the Buhari government is a new low in the history of Nigeria. Bear in mind that this " system collapse" is coming about 24 hours after his much criticized empty new year speech that sounded more like a campaign manifesto in which he ululated his 7000 mw power generation.

On power, he claims we are at an all time high in power generation but you and I know that our power sector has been bedevilled by poor distribution networks. So why the constant chest-beating when all the megawatts generated is not reaching our homes.

Under this administration, our teaming youths have borne the short end of this democracy as it has made small the unemployment "wahala" we witnessed under the PDP era.

I am no card carrying member of any political party in the land but with the way this country is being run, I see "Iran" being slowly replicated sooner in Nigeria.

"Our mumu really don do"
In a thread talking about Nigeria's rotten power infrastructure, you stuck up a quote from a PDP lawyer accusing Buhari of being a certificateless illiterate; you indirectly inferred that the 'certificate status' had something to do with poor power infrastructure. All I did with my comment was remind you how a PhD holder just recently ruled for 5 years, spent billions of dollars, but still handed over a rotten carcass power sector. So go think deeper about that when next you want to ascribe Nigeria's dead power sector to the certificate status of Buhari who has only ruled for 2.5 years.
Politics › Re: Federal Ministry Of Power's Statement On The Blackout On The National Grid. by obailala(m): 7:52am On Jan 03, 2018
stellx:
“When he was accused of not possessing school certificate or its equivalent, Nigerians fired back that it didn’t matter and that they were satisfied if all he had was a mere Agege bread or NEPA bill tag. “Such was the ululation and sheer passion that when he was pronounced winner, one Nigerian actually walked from Lagos to Abuja in solidarity, while another rode a bicycle from Kaduna to Lagos.

“Unfortunately, all the promises and hopes of a better tomorrow have since become a mirage, reminding one of Julius Caesar’s tale told by an idiot, full of sound and fury, signifying nothing.” “He surprisingly exonerated a colourless, rudderless and corruption-laden NNPC that is not accountable to the Nigerian people.

By Mike Ezekhome (SAN)
The immediate past leader of Nigeria had a PhD, his last minister for power was a professor in mechanical engineering, his government spent over $8.5 billion trying to fix the nation's rotten power sector, that's in addition to the $16bn spent by his predecessor for the same purpose. But what was the result at the end?... We still suffered the same pathetically erratic power supply up until the last week of his precedency when total national power generation crashed to about 1300mw (oh yes! as at the time the last guy handed over the leadership baton in 2015, we were generating less than 2000mw).

So the question I ask is, what exactly is the relevance of the rant from the Senior Defender of Corrupt Person's (Ozekhome) which you just posted above? How is that relevant to this topic?
Politics › Re: We May Increase Railway Transportation Fare, It’s Too Cheap – Amaechi by obailala(m): 11:34pm On Jan 02, 2018
aolawale025:
The premise is even wrong. Are they increasing the fares because it's cheap or to recover operating costs?
The current pricing template is purely political (i.e. arbitrarily fixed by govt) and makes no economic sense. The trains currently cant even recover their operating costs, let alone maintenance or other costs.
Politics › Re: We May Increase Railway Transportation Fare, It’s Too Cheap – Amaechi by obailala(m):
TheUbermensch:
Because of few coaches that they managed to add (which is long overdue) they now want to increase the fare. What is the rubbish meant by "It's too cheap"?! Isn't that the whole idea? In saner climes Train Transport is the cheapest form of getting across cities, but here we are ranting because it's too cheap. Smh
Please in which saner clime is train transport cheaper?.... At least in the UK which I know, train transport is most expensive (even more expensive than flying most times). So are you really sure speed train service is cheaper than using coaches (buses) anywhere in the developed world?

The truth of the matter is that at the current 'political' (not economic) cheap pricing template, the train system cant even recover it's operational or maintenance costs and it remains an unsustainable liability (waiting to go rotten) instead of an asset to the government.

cc: magoo10
Politics › Re: Restructuring Comment: Southern, Middle Belt Forum, Others Tackle Buhari by obailala(m): 10:57pm On Jan 02, 2018
free2ryhme:
If these Southern and Middle Belt leaders are serious about restructuring, they should unite, form a coalition to vote out Buhari in 2019, instead of these noises. We are sick and tired of their noises, only for some of them to surreptitiously vote back Buhari, come 2019.

#copied
Restructuring or not restructuring has nothing to do with Buhari; if you place even Nnia Nwodo in Aso rock today, he would begin singing a new song. Nobody in power would willingly support any action that would reduce his influence.
Politics › Re: 700 Boko Haram Captives Have Escaped - Nigerian Army by obailala(m): 9:30am On Jan 02, 2018
Just reading through the first page, it's amusing that so many readers dont have a clue what the report talks about; I for one was also confused by the title too.
Christianity Etc › Re: Pentecostal Getting Married To A Catholic by obailala(m): 1:31am On Jan 02, 2018
ogechijohn:
The matter of the Holy Spirit is not the case. The issues are:
1. They ask Saints to pray for them
2. They make graven images
3. The Pope has more authority than the Holy scripture I.e the Bible
4. Difference in critical doctrines pertaining to eternal matters

Consider the above, and make a swift decision. Thanks dear
Pope has more authority than the bible?... Where do people get these bizarre assumptions from?... I suppose this is the same way general overseers have attained more authority than God himself in the lives of many pentecostals and the way the words and imaginations of GO's have replaced the need for scriptures?
Business › Re: External Reserves Hit $38.7bn, Rise By 50% In One Year by obailala(m): 10:43pm On Jan 01, 2018
Desyner:
Ok let me break it down further.
Govt controlls what goes into FR and other federation accounts. Now the optimum level of FR for nation is the forex that can satisfy 3-6 months of forex reserve. Our monthly forex need is less than $2B ($24b/annum), so all the govt need do was to channel the forex into accounts that were funding foreign executed projects.
Less than $2billion/month forex demand? shocked lipsrsealed

Can you kindly explain where you got that figure from cos from what I thought I knew, the last time Nigeria had less than $2bn monthly demand was as far back as 1999 when virtually no one had mastercards, visa cards etc, when we didnt import our over 40million litres daily fuel demand, when Nigerians still considerably consumed Nigerian products, when we had a microscopic few Nigerians going abroad for schooling or medicare, when we had an insignificant number of Nigerians engaging in international businesses of importing toothpicks etc etc.
Business › Re: External Reserves Hit $38.7bn, Rise By 50% In One Year by obailala(m): 10:27pm On Jan 01, 2018
thunder74:
How sensible it is for a father to save money in a bank while his kids are hungry? How sensible?
Typical black man's logic, feast on all the food in the storehouse today and die when the famine comes tomorrow. If the father spends all the money today, even the dry kpokpo garri and groundnut he manages to feed with and sustain his children today will not be available tomorrow; isn't this common sense?

OBJ saved significantly, that was the reason Nigeria weathered the storm during the major global economic crisis of 2008 under Yaradua. If that same momentum of saving was maintained post Yaradua (especially as oil prices went sky-high between 2010 and 2014), Nigeria wouldnt have had anything less than $100bn in reserves prior to 2014 when oil prices plummeted. If something significant was in the reserves, the entire forex crisis and naira crash, the recession, the inflation, and the accompanying weeping and wailing that followed would never have been half as bad if Nigerian leaders applied the simple wisdom of Joseph/Pharoah to save for the coming years of famine.

Oh sorry I forgot, what I just said above might probably makes no sense cos to many, all the economic mess we're in today is purely the handiwork of the dullard who assumed power in 2015.
Business › Re: External Reserves Hit $38.7bn, Rise By 50% In One Year by obailala(m): 10:09pm On Jan 01, 2018
Desyner:
Even obailala must have realized his mistakes. This is the problem i have with poster who appear assured in their submission and misled people like you. Have you searched thebalance.com for the explanations? I doubt you have. Google "standing5 foreign exchange reserve" there is a nairaland thread for this point of cotention.
Hmmm.. I'm not sure I understand the mistakes you talk about; I still stand by exactly what I said earlier, forex reserves and funds for capital expenditure serve 2 very different purposes. You're obviously still oblivious of the importance of a country having a robust foreign exchange reserve, especially an import dependent nation like ours; that explains why you think it's a wise thing for a country with a pathetic reserve to still dig further into it to fund infrastructure (probably toll reserves run down to zero).

Saudi Arabia with with a population of roughly 30million had reserves of up to $750billion prior to the crash in oil prices; you really dont think they are fools do you?... Following the oil crash, in under 2 years, Saudi's reserves dropped by over $200billion and the leadership ran into a desperate frenzy, removing fuel subsidies and instituting austerity measures and that is for a country of 30 million people which actually produces/refines its own petroleum products.

So did I just see you mention above that $24billion should be sufficient for an import dependent country like Nigeria with over 180 million people and whose forex demand well exceeds $10billion monthly?... wonderful!... Where on earth did that logic come from? shocked undecided

Cc: martineverest
Business › Re: External Reserves Hit $38.7bn, Rise By 50% In One Year by obailala(m): 9:56pm On Jan 01, 2018
modik:
To show how flawed your assertion is, could you answer this simple question....

When exchange rate was N187/$1 during GEJ's tenure, what was the value foreign reserves?
If only you realised how flawed this your argument is. Do you realise you're talking of USD here and not naira?... the value of the Naira dropped not the value of the USD, $30bn in 2014 is still $30bn in 2017, there's no point comparing or converting it to the Naira value here. The difficulty in raising $30bn in 2014 is roughly similar to the difficulty in raising same USD amount today, in fact, it's even far more difficult today cos of the poorer value of the Naira.
Crime › Re: Gunmen Shoot Many Dead In Omoku, Rivers, Injure Others (Graphic Photos) by obailala(m): 3:52pm On Jan 01, 2018
What on earth is wrong with Rivers state and Rivers people? undecided
Business › Re: External Reserves Hit $38.7bn, Rise By 50% In One Year by obailala(m): 1:11pm On Jan 01, 2018
modik:
All your effort is geared towards enhancing your propensity to borrow.

OBJ deemphasised borrowing and achieved much.

Nigerians can't be deceived at this time.
I focused on credit-worthiness in my earlier post because the person I quoted made reference to that in his comment. Of course there're numerous other benefits of having a robust forex reserve besides being credit worthy. For one, foreign investor confidence is boosted when they see a nation has a sound reserve; you know how many foreign companies fled Nigeria in 2015/2016 when the reserves were fast dropping and when they feared they couldnt repatriate their funds?
Business › Re: External Reserves Hit $38.7bn, Rise By 50% In One Year by obailala(m): 7:50am On Jan 01, 2018
Desyner:
Will a man who has $39B in saving at 0% interest need to borrow $2B at 5% interest. Your critical analysis is tragically flawed.
Foreign reserves and capital funds for infrastructure serve 2 very different purposes; everything isnt elementary logic as you expect. $39bn in the reserves can guarantee Nigeria faster loan approvals at lower interest rates than if we had say $29bn in the reserves; likewise, $49bn will also afford Nigeria more loan approvals at even lower interest rates than what the $39bn could give us.

Once again, external forex reserves and funds for capital projects serve 2 different purposes and shouldn't be compared.
Politics › Re: Okonjo-Iweala: I Said Governors, NOT Jonathan, Lacked The Political Will To Save by obailala(m): 5:12pm On Dec 31, 2017
DLondonboiy:
Now that the woman you zombies always quote has clarified her statement, can you now shut up and enjoy your change?

Lalasticlala, kindly move this to the front page, nairaland must always stand for the truth, nothing less, nothing else.
Mr, she's only just made a political attempt at damage control after the massive backlash she must have received from PDP over the comment;
Even at that, the defense is still very weak and still holds no water if analysed.

1. Governors also pressured OBJ to release the portion of ECA belonging to states. They also took the FG under OBJ to court. But what happened?... OBJ had the will to save, so he ignored the rants of the governors, witheld and saved the portion of the ECA belonging to states, and he also saved the large portion (52%) of the ECA belonging to the FG.

2. Yaradua also followed OBJs footsteps, he had the political will to save so even though he was also taken to court by the governors, he ignored the rants of the governors, witheld and saved the portion of the ECA belonging to states, and he also saved the large portion (52%) of the ECA belonging to the FG.

3. Then comes GEJ, governors put pressure for him to release the state's share, he first refuses. A while later, he is caught dipping his hands into the funds, governors threaten action and he succumbs; he releases the portion belonging to states, and also descends on the bulk portion (52%) belonging to the FG until it was no more.

And now the best excuse is that governors didnt want to save?... How exactly did governors prevent FG from saving its over 50% of the fund?
Politics › Re: Apc's Lies And Half Truths - A Rebuttal To Progress69 Thread by obailala(m): 1:04pm On Dec 31, 2017
naijapips02:
It's time to stop the lies been pedalled by APC and their goons. Bring up lies disguising as facts and feeling smart about it.

They feel it makes them look smart by supporting APC. Been there.

I'm going to tackle progress69 here point by point.

1. 27 state governors were owing back log of salaries as at May 2015 when this government took over hence the bail out funds approved for governors. Despite this bail out funds, many refused to meet their obligations.


Governors always owe salary. Thats what they do. Money was disbursed by the centre. It's not the fault of the centre that these monies are not managed well by the respective states. Besides, it was an election year, and many governors were stocking up monies for re-election. The same governors that had surplus to embark on such frivolous project as a monorail couldn't pay salaries.

After the purported bailout (which by the way was done with monies saved by GEJs administration) 23 governors still owe salaries ranging several months as at June of this year . https://www.google.com.ng/amp/dailypost.ng/2017/06/26/nulge-lists-23-states-owing-salaries-number-months/amp/


2. Federal Government was borrowing to pay 2015 salaries.


This is a big lie. Read that story again. The sharp fall in the price of oil was unprecedented. Against the benchmark of $70/$80 oil feel below that. So the government had to technically borrow around $800 million to finance the deficit. This is not new nor was it peculiar to Nigeria.

Now contrast this to buhari's government that has borrowed over $60 billion since it came into power. Over 40℅ of our budget is deficit and we are running Nigeria with borrowed money.

https://www.google.com.ng/amp/s/www.vanguardngr.com/2017/10/buhari-writes-senate-borrow-5-bn-finance-2017-budget/amp/



3. Oil marketers were owed billions, led to a fuel scarcity that paralyzed Nigeria, even banks were closing before time, telecoms operators were sending texts about expected disruptions (never in Nigeria have this happened until 2015)


Another big lie. The fuel scarcity of 2015 which lasted few days by the way, was caused by uncertainty from the point of view of oil marketers of whether their outstanding subsidy claims would be paid before the handover. The incoming buhari then was preaching and shouting that he doesn't know what subsidy was, so the marketers were naturally scared that buhari might not continue paying their outstanding debts.

https://www.google.com.ng/amp/s/www.naija.ng/amp/394951-what-caused-the-fuel-scarcity-oil-marketers-open-up.html

Now contrast this with this present scarcity that has lasted for almost one month.


4. Okonjo-Iweala who many people in the opposition believe would have done better or saved the economy warned of tougher times as oil slipped low to about $76.

Dude stop being naive. Oil prices were coming down. That is the same message any leading economist in an oil based economy would give. Brace for tougher times doesn't equal recession. And besides the ECA that GEJ saved up for times like this, he was forced to share b the greedy governors lead by your very own Amaechi.

https://www.google.com.ng/amp/s/www.naija.ng/amp/998647-jonathan-shared-part-1bn-oil-savings-amaechi-governors.html

5. Falling Foreign Reserves

Nigeria’s foreign reserves drop to $29.13 billion


The foreign reserve has been falling and rising. It was once stood at $36.3 billion in October of 2014, even with all the subsidies GEJ was paying. And mind you $29.13 billion in 2014 is worth twice that value now in 2017, with our crazy exchange rates, no thanks to buhari.

Let's wait to the end of buhari's tenure to do a proper analysis.

Im not holding a brief for the past admin but This asslicking has to stop this year
Buhari borrowed $60 billion between 2015 and 2017?... wonderful! And you expect anyone enlightened to take your thread serious?
Politics › Re: Rochas Okorochas With Newly-elected President Of Liberia George Weah [photo] by obailala(m): 11:23am On Dec 30, 2017
grin cheesy
Politics › Re: Buhari Appoints 3 Dead Men As Board Members: Francis Okpozo, Christopher Utov by obailala(m): 11:00am On Dec 30, 2017
The only problem with this kind of unforgivable gaffe is the fact that no one ends up getting punished publicly for this monumental mess. undecided
Politics › Re: Igbo Man Treated Yusuf Buhari At Abuja Hospital by obailala(m): 8:59pm On Dec 27, 2017
Lol.. see thread na!
Food › Re: What Is Moi Moi In English? See Funny Replies From Nigeria Entertainners by obailala(m): 5:31pm On Dec 27, 2017
Moi-Moi is a Nigerian/west African food; why should it have an English name?

Nigerians and inferiority complex.
Politics › Re: Oby Ezekwesili Commends Buhari, Fashola Over Power Supply. Nigerians React by obailala(m): 4:48pm On Dec 27, 2017
4dor:
Progress is not a process abi? I'm here celebrating improved power supply, report me to the police if you're not happy with that.
Nothing stops you from celebrating, but for me, I'm just being wary of celebrating prematurely.
Politics › Re: Oby Ezekwesili Commends Buhari, Fashola Over Power Supply. Nigerians React by obailala(m): 11:19am On Dec 27, 2017
Until an improved level of power supply is sustained across the nation for the full 4 seasons, there's really nothing yet to celebrate.
Christianity Etc › Re: 11 Reasons Why I Don't Celebrate Christmas by obailala(m): 10:11am On Dec 26, 2017
You dont celebrate Christmas but you celebrate Easter?.... I'm yet to find out where Christ asked us to celebrate Easter in the bible. I'm also even yet to find out where Christasked us to celebtate our own birthdays in the bible.

It's a free world, do as you please and stop being a holier-than-thou know-it-all pharisee.
Politics › Re: Maria Assumpta Avenue, Owerri Renamed Muhammadu Buhari Road By Imo Government by obailala(m): 1:57am On Dec 26, 2017
Na wa oh!
Politics › Re: Okorocha: If They Call Me 'Okoroawusa', I Don't Care by obailala(m): 5:27pm On Dec 25, 2017
DLondonboiy:
Okorocha your mother is igbo but your father is not igbo...you bloody liar.
Your mother left her husband and went to ugwuawusa where she slept with an Hausa man who fathered you and your younger brother.

You are not igbo, you bloody ritualist.

Your mother is igbo, but your father is Hausa!

It was your hausa father that introduced you to IBB..
We know your story. Deceive only fools.
Thank God for prophet Nnamdi Kanu for revealing the truth about okoroawusa's origins to his humble following clowns grin
Christianity Etc › Re: How Pastors Lead Their Children To Hell by obailala(m): 9:47am On Dec 25, 2017
True talk!
Politics › Re: Fuel Scarcity Deliberate Attempt By Pres. Buhari To Impoverish Igbos – Ohaneze by obailala(m): 5:23pm On Dec 24, 2017
ManMountain:
Ok, they are still coming back to the zoo to live and do business with who they hate
Majority of those shouting zoo zoo zoo and kissing the semi-albino/hunchback's feet are people who have hardly stepped foot away from their localities in the east.

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