Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,519 members, 7,958,572 topics. Date: Wednesday, 25 September 2024 at 05:35 PM |
Nairaland Forum / Nairaland / General / Politics / From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill (621 Views)
FG Reduces Gas To Power Price From $2.50 To $2.18 / Governors Upset By Excess Crude Account Depletion / Only $323.7m Left In Nigeria’s Excess Crude Account - FAAC (2) (3) (4)
From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by ijustdey: 5:57pm On Oct 16, 2021 |
From $2.1 billion left by Jonathan, Buhari depletes excess crude account to $60 million Nigeria’s Excess Crude Account now stands at $60 million down from the $2.1 billion the Muhammadu Buhari regime met it in 2015. OYINDAMOLA OLUBAJO https://gazettengr.com/from-2-1-billion-left-by-jonathan-buhari-depletes-excess-crude-account-to-60-million/ Lalasticlala 1 Like |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by ConqueredWest: 5:59pm On Oct 16, 2021 |
What Buhari can not ruin does not exist. 9 Likes |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Amotolongbo(f): 6:06pm On Oct 16, 2021 |
ConqueredWest: I can recollect Tunde Bakare said, “Goodluck Jonathan’s destiny is to bankrupt Nigeria”. What can we now say about Mohamodu Buhari’s destiny. 7 Likes |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by SarkinYarki: 6:13pm On Oct 16, 2021 |
ConqueredWest: It's doesn't ooo |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Nobody: 6:15pm On Oct 16, 2021 |
I won't be suprised if this article is filled with lies. Btw, the news is a very old one recycled to create choas. This is the link https://investorsking.com/2021/01/23/nigerias-excess-crude-account-eca-balance-now-72-4-million/ Facts. 1. Excess Crude Account (ECA) was established in 2004 by the Federal Government to stabilize Nigeria’s economy and smooth out the effect of crude oil fluctuation on Africa’s largest economy. 2.The ECA rose to its highest of $20 billion in November 2008( yaradua/jonathan) during the global oil boom when prices were above $100 per barrel. 3. At the end of Jonathan tenure in 2015 the ECA was 2.1 billion. How come from 2008 to 2015, the ECA was depleted from 20 billion dollars to 2.1 billion. Are they trying to tell me that from 2008 to 2015 durings the years of both yaradua and Jonathan they spent 17.9 billion dollars on stabilizing the Nigerian economy even though during those periods we had an oil boom?? 2 Likes |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Racoon(m): 6:16pm On Oct 16, 2021 |
With such a depletion of the ECA, yet this nation have chronic debt pillage ironically under the same Buhari’s regime.Meanwhile why are the current governors not agitating that the balance should be shared before the FG will loot everything as in the time past? 2 Likes |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Quiny32323: 6:20pm On Oct 16, 2021 |
These set of leaders are bastard with no chill. 1 Like |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by rayvelez(m): 6:35pm On Oct 16, 2021 |
Dullard bubu is a good leader Nigeria ever have lol. 1 Like |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by flokii: 6:51pm On Oct 16, 2021 |
Soon na everybody not just ab0ki go dey sell suya.. A country that relies on China, IMF and World bank loans to service budget yet NNPC, NCS, Immigration and other top revenue agencies can't give account or is it that they don't remit enough? Please where are the monies seized from corrupt politicians and repatriated Abacha's loots? We're seriously jonzing in this country o! |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Xhuntra: 6:52pm On Oct 16, 2021 |
thebosstrevor1: Zombie. Always yapping trash Don't know between this idiot and Buhari who daft pass 6 Likes 1 Share |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Godjone(m): 6:58pm On Oct 16, 2021 |
The mission of general MUHAMMED Buhari is to bring Nigeria to ruins. A disaster of a human being 1 Like |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Godjone(m): 7:00pm On Oct 16, 2021 |
thebosstrevor1:you daftus are still defending this complete failure of a president. Will it be right to say your parents wasted money to train you in school abi na drop out you be? 3 Likes |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Xhuntra: 7:07pm On Oct 16, 2021 |
Godjone: The daft You quoted is an almajiri who was just fortunate to have a phone and know how to write simple English sentences 2 Likes |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Sirjamo: 4:04am On Oct 17, 2021 |
For six years, crude oil prices were extremely low, how do you expect the account to be grown under such circumstances? The poster won't tell you that the foreign reserves grew from $28.6b in 2015 to $33.4 b as at July 2021 The excess crude account is not an exclusive preserve of the FG, it's a joint account with the states, and one billion dollars was used to purchase the weapons that are being used to destroy bh and bandits. Since Nairaland is full of PDP illiterates, nobody will care to check how the account is run. The states will never allow the president to do whatever he wants with ECA, even gej was sued for tamparing with the account. So, you can as well blame all the governors too, including your states governors. 2 Likes |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Aganju849: 4:07am On Oct 17, 2021 |
ijustdey: Maigaskiya himself The Sheikh of Disappearing Dollars |
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by Nobody: 6:23am On Oct 17, 2021 |
Yes... it might be a herculean tax, a tough nut to crack, but someone once saved N75bn for a state, a two years allocation as at the time.. it can be done on a larger scale.. It can still be fixed.. let's fix it.
|
Re: From $2.1billion Left By Jonathan, PMB Depletes Excess Crude Account To $60mill by sweetonugbu: 6:42am On Oct 17, 2021 |
Nkwari nkwari |
(1) (Reply)
Ugezu Ugezu: If You Live In Nigeria & Still Retain Your Sanity, You Are Mad / NYDP Will Drag INEC To Court Over Anambra Governorship Elections / Zamfara Emirate Enters Peace Deal With Terror Kingpin, Ali Kachalla
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 30 |