Pakute:

Did GEJ experience recession?, No.
Did GEJ experience pipeline vandalism and production shortfalls?, No
Did GEJ experience Covid?, No.
Did GEJ experience Ukrain/Russia war that's affecting food prices? No.

You are stupid and a FOOL

MASTERCHIEF0847:
Crude oil prices were at its highest levels during GEJ days which was an advantage and also he had a good and competent economic team led by Ngozi Okonjo Iweala and other economic and financial experts who were picked based on merit instead of nepotism and political patronage as it was during Buhari and now under Tinubu.
Nigeria is now heading into “Gangster Capitalism “ like we had in countries like Russia,Romania,Belarus and other former Soviet Union states…the economy being controlled by criminals and outlaws with government power.

exactly 💯 the corrupt n terroristic are now in power. How we had to choose between Obi ( Pandora papers) atiku ( known criminal) & tinubu ( drug baron) still confuses the shit out of me

Oh now Jonathan is no longer slow, idiot, stupid, useless, coward and failure ba?

This God ehn....

Jonathan may God in his kindness bless you more and more. I stand with you anyday anytime....infact sir if you decide to contest again after Tinubu 8 years I will still vote for you than to vote Obi or Atiku....

Isobug:
He had capable hands for the Economy.
It's still an enigma to me that the economy of the person they claim was clueless is 5 times better in their watch.
All they wanted was to get into power, they got it and destroy everything.
A car (ES 330 2006 model) I bought 3.450M on November last year, I went back to buy for my Niece, only to find out is now 5.8M last.
They have completely scattered the country

APC's agenda is to hold on to power for long by any means possible!

Naira devaluation,increase in fuel price,inflation,etc are some of the means by which APC can hold on to power for long.

One with God is majority

qwertyuioplm:
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform

His govt was the genesis of the country's current predicament. He foolishly bow to the pressure from the state governors to squander the excess crude reserves. A fraction of such reserve would have solve the country's problem now.
Tens of Jonathan and team would not solve Nigeria's current economic woes....
These problems accumulated over the years by succeeding government of which GEJ was part of.
Be patient..
Things will work again, though it might take some time...
This is just a trying moment for Nigeria...
But we will come out stronger

Godstiger:
How was every other past government able to but the evil government of apc

They weren't.

Am old enough to remember Buhari , ibb and shagaris governments of the 1980s . Back then they were just as bad as these ones.

But anyway, APC is still a mess.

MASTERCHIEF0847:

Even the PDP presidents failed. For example under OBJ $16 billion NIPP project failed with the money gone, under GEJ his petroleum minister was arrested in the UK with £18.5 billion, where did the money come from? These people are all the same PDP and APC and whatever platform they come under.
Among oil producing countries Nigeria has the least developed public infrastructure with the little available also dilapidated.

You are still suffering now but you still don't have shame.

You will die supporting rubbish.

Isobug:
He had capable hands for the Economy.
It's still an enigma to me that the economy of the person they claim was clueless is 5 times better in their watch.
All they wanted was to get into power, they got it and destroy everything.
A car (ES 330 2006 model) I bought 3.450M on November last year, I went back to buy for my Niece, only to find out is now 5.8M last.
They have completely scattered the country

Don't even get people like us started. This country has just been hijacked. It really saddens my heart when I see people on this forum fiercely defending a Government that has even made life difficult for not just them but, even their family members. Truly, Religion and Tribalism would continue to plunge this country into where it may never come out from. I have hardly seen a clear-thinking individual defend or support the APC Government and its failed systems. All they wanted was the Power, money and influence that comes with politics. A car I bought N5.5 Million( Brand new) in 2014 is now sold for 11 Million (Fairly used). I weep for the poor and struggling.

MASTERCHIEF0847:
Crude oil prices were at its highest levels during GEJ days which was an advantage and also he had a good and competent economic team led by Ngozi Okonjo Iweala and other economic and financial experts who were picked based on merit instead of nepotism and political patronage as it was during Buhari and now under Tinubu.
Nigeria is now heading into “Gangster Capitalism “ like we had in countries like Russia,Romania,Belarus and other former Soviet Union states…the economy being controlled by criminals and outlaws with government power.

Before you claim that oil price was good under Jonathan, check how much it averaged under Buhari and check how much it has been since Tinubu came in. Stop falling from that propaganda from clueless apshit. Compare the average and stop looking at absolute figures.

Keep deceiving yourself a bigot,GEJ used the best hands regardless of tribe and ethnic affiliation,but now religion and ethnicity is the criteria for appointment.

MASTERCHIEF0847:
Crude oil prices were at its highest levels during GEJ days which was an advantage and also he had a good and competent economic team led by Ngozi Okonjo Iweala and other economic and financial experts who were picked based on merit instead of nepotism and political patronage as it was during Buhari and now under Tinubu.
Nigeria is now heading into “Gangster Capitalism “ like we had in countries like Russia,Romania,Belarus and other former Soviet Union states…the economy being controlled by criminals and outlaws with government power.

There was saving. obasanjo left about 63 Billion USD both in foreign reserve and excess crude oil.
There crude price also went high im his tenure.
He depleted the savings.
To me, he never managed the economy well. Check the economic privilege he had. He never saved and he starter borrowing before he left he government..

walexbiz:
He too was part of the problem. He didn't save during the raining days and he too went on spending spree even when the price of crude oil was high. He failed to repair the ailing refineries, placed the surveillance of crude pipeline in the hands of militant and there was upsurge in illegal siphoning of crude oil. Sanusi raised alarm about squandering of 20bn USD by NNPC and up till today nobody was arrested

He didn't save? Were u in this country when Amaechi and the other governors insisted on sharing the Excess crude account money before election that year?

NzogbuNzogbu:
Uits not by oilprice, buhari had fair enough oil price and killed this country

Mr master strategist is now burying it, if gej had half the pateience yorubas are giving tinubu he would have done more

They didn't give him breathing space, manufactured Boko haram, always creating sabotage but he is still miles above them

It's about oil price. Infact we had billions of dollars in the excess crude oil account and all was depleted right before he left the office by the likes of deziani, mama patience, dazuki and the likes. Infact it was Jonathan regime that laid the foundation for the current economic woes Nigeria is currently facing. It will be myopic for any right thinking person to absorb GEJ of any wrong doing. Government is continuum hence the problem buhari inherited from his administration. Jonathan's cluelessness and his simplicity approach to governance is why we are still in this mess.

Isobug:
He had capable hands for the Economy.
It's still an enigma to me that the economy of the person they claim was clueless is 5 times better in their watch.
All they wanted was to get into power, they got it and destroy everything.
A car (ES 330 2006 model) I bought 3.450M on November last year, I went back to buy for my Niece, only to find out is now 5.8M last.
They have completely scattered the country

Lol exchange rate was less than 50 under Abacha, by you guys logic it means Abacha was a far better administrator.

During Jonathan era, Nigeria economy was the fastest growing economy in Africa, Buhari was not prepared to run the government, his ambition was to snatch power at all cost, that's why it took him over 6 months to appoint ministers, now its only God can repair Nigeria after his 8 years of sufferings

HeroicMeastro:

His govt was the genesis of the country's current predicament. He foolishly bow to the pressure from the state governors to squander the excess crude reserves. A fraction of such reserve would have solve the country's problem now.
Tens of Jonathan and team would not solve Nigeria's current economic woes....
These problems accumulated over the years by succeeding government of which GEJ was part of.
Be patient..
Things will work again, though it might take some time...
This is just a trying moment for Nigeria...
But we will come out stronger

No, GEj was not the genesis of our problems

Our problem starts with the fact that we export things whose prices we cannot control

Developed countries are countries that export stuff whose prices they can control

Most African countries are like Nigeria, and like Nigeria, they sell things whose prices they cannot control

Been like that since independence. The problem is none of our leaders thought it would be wise to change the paradigm.

Pakute:

Did GEJ experience recession?, No.
Did GEJ experience pipeline vandalism and production shortfalls?, No
Did GEJ experience Covid?, No.
Did GEJ experience Ukrain/Russia war that's affecting food prices? No.

so now na Ukraine and Russian war? this people are terrible No more buhari will handle security osibanjo will handle economy ,today is tinubu will handle economy while shettima will handle security the next complain will be hamas is fighting Israel I never see liars like agbadorians in the history of mankind,

qwertyuioplm:
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform

Nothing weakens the currency of a country like
1. Little or zero exports
2. Indiscriminate printing of currency (buhari and tinubu see this as a solution)
3. Lack of patronage of home-made products
4. Corruption

ye all voted buhari in knowing fully well where is major support was from, now em compensate who help am to power urna dey cry foul. too many turn their back on Jona, i was his staunch supporter, only him militant, only him terrorism, even within his goverment they where all making mess of things. forget the man was good.

zoghys:



It's about oil price. Infact we had billions of dollars in the excess crude oil account and all was depleted right before he left the office by the likes of deziani, mama patience, dazuki and the likes. Infact it was Jonathan regime that laid the foundation for the current economic woes Nigeria is currently facing. It will be myopic for any right thinking person to absorb GEJ of any wrong doing. Government is continuum hence the problem buhari inherited from his administration. Jonathan's cluelessness and his simplicity approach to governance is why we are still in this mess.

Even ifJona was super prudent, it would have only delayed the inevitable by a few years.

MASTERCHIEF0847:

Please read my comment again, it i did not base it solely on oil prices but you cannot take out the fact that that was during an era of oil boom worldwide and every oil producing nation benefited from increased revenues so its a factor oga.
I also made emphasis on his good economic team and policies.
In reality, all the governments since 1999 have all failed so personally am not giddy about any.

[b]How much is oil sold for today si[/b]r

That 16b project increased Nigeria's generating capacity from 3000MW to 12,000MW that we still today. That was no failure by any means, successive Govts have just failed to invest and improve on Transmission capacity.

MASTERCHIEF0847:

Even the PDP presidents failed. For example under OBJ $16 billion NIPP project failed with the money gone, under GEJ his petroleum minister was arrested in the UK with £18.5 billion, where did the money come from? These people are all the same PDP and APC and whatever platform they come under.
Among oil producing countries Nigeria has the least developed public infrastructure with the little available also dilapidated.

The Problem is that Emilokan gave us Bubu .. Bubu got their and find out it is no longer 1983 , Emilokan is now there , only to find out it is no longer 1993 ...Me I don't know how and what Bubu did with all the loan he got ... building railway to Niger instead of Port Harcourt shows how deform the thinking was at the time ... Despite Emilokan Swagger, he has to realize the work at hand is not something you do with kids gloves ...food are no longer in people's table , poultries are shutting down , foolish bandits are causing more Wahala for farmers ...I don't envy you at this time.

NzogbuNzogbu:
Uits not by oilprice, buhari had fair enough oil price and killed this country

Mr master strategist is now burying it, if gej had half the pateience yorubas are giving tinubu he would have done more

They didn't give him breathing space, manufactured Boko haram, always creating sabotage but he is still miles above them

You, sir, are a very intelligent man. I am glad there are still people who are sincere in this country

Pakute:

Did GEJ experience recession?, No.
Did GEJ experience pipeline vandalism and production shortfalls?, No
Did GEJ experience Covid?, No.
Did GEJ experience Ukrain/Russia war that's affecting food prices? No.

Who scattered the security apparatus that ensured the oil production was stable under Jonathan? If recession came, who managed the economy into recession? Who ensured the subsidy wasn't removed as far back as 2011? You guys like defending nonsense, you talk as if Nigeria the only country around while Ukraine-Russia war rages?

It's not about the people that supported them because most of them are been paid stipend for been APC member.You see most of their names in Npower,Tradermoni,social register.etc PDP were the ones that allow apc to come back to power as they did not present a formidable candidate that would have been accepted by all.

Treadway:
The PDP still had conscience. I can't believe after 8 years I can say this, but yea the PDP still had a conscience. Even the corruption that happened in all the pdp years from 1999-2015, was child's play compared to the corruption that has happened under the APC in just 8 years. APC is a cancer, yet some people supported and rewarded the evil in 2019 and even 2023.

qwertyuioplm:
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform

.
Nonsense. He was lucky to have oil boom in majority of his years in power with an unprecedented daily oil production of 2.3million barrels per day at an average price of US$120 per barrel...but he squandered those monies

MASTERCHIEF0847:

Please read my comment again, it i did not base it solely on oil prices but you cannot take out the fact that that was during an era of oil boom worldwide and every oil producing nation benefited from increased revenues so its a factor oga.
I also made emphasis on his good economic team and policies.
In reality, all the governments since 1999 have all failed so personally am not giddy about any.

If not for North hatred towards allowing south south or south east to rule, Jonathan would have had Nigeria on a great path.
That guy staretd U Win which many youths benefited from as long as u are smart and can showcase what u can do, he introduced card reader which started our electoral reform, he wanted to stop fuel subsidy which would have been better for Nigerians back then as the economy wasnt too hard, he wasnt filled up with tribalism like we have now, he introduced some policies to help the electricity and salary systems in Nigeria. Baba was good abeg. Na hatred for south south and south east crippled Nigeria and we have not seen anything yet.
I am always grateful to God that I am into tech. Nigeria eh, by the time dollar hits 2k, e go clear for our eyes

nairalanda1:
My last comment on this thread.

At the end of the day, the problem with Nigeria is very simple. We rely too much on selling raw materials. A better way would have been getting off raw materails and using them to make stuff the world needs.

It does not matter what GEJ, and Buhari did, or what Tinubu would do, if we do not get off oil, nothing will change.

If Tinubu does not remove subsides, improve tax to gdp ratio and end corruption, and allow the naira to float, nothing is going to happen. Things are not going to change.

We cannot keep on pretending we are rich. We ain't , and the corruption makes it worse

Last comment!

Is Nigeria the only country relying on oil? How come other countries rely on oil and are still better off?
Tinubu removed subsidy. Which other subsidy You talking about
Nigeria is rich. It is govt looters that send propagandists to tell us we're poor.

qwertyuioplm:
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform

GEJ had unrepeatable fx inflows. Nigeria earned more from oil in that period than they had earned from 1958 when oil was discovered.

GeJ was no worse than anyone else but Nigeria had a once in a generation moment and it was blown.

This is why after the election wipe out of 2015, the PDP apologized to Nigerians in 2018

https://punchng.com/we-have-made-mistakes-learnt-our-lessons-pdp-apologises-to-nigerians/?amp

GEJ met a fresh and healthy economy on the ground.
GEJ was not better than PMB, here are my reasons
1 GEJ met PMS @ N60 he left it at N140
PMB Met it @ N140 and left it at N250
2 GEJ met a bag of rice at 5k-6k he left it at 10k-12k
PMB left it 24-36k
3 Gej met USD at 1USD = N110 he left it at 1USD = N300
PMB met it at N300 and left it at N750
If you analyze both on economic scales with no sentiment none is better, GEJ & PMB governments are castoroph to Nigeria's economy
Umar Musa Yaradua should be used as a yardstick and not GEJ.
Yaradua reduced the cost of PMS from N75 to N60 and USD was pegged at 1USD = N90 official rate and N100 at aboki rate.
Nigeria had almost no debt when GEJ took over he handed over a 12-digit profile to PMB. Buhari is a pro version of GEJ