₦airaland Forum

1. PRESIDENT OLUSEGUN OBASANJO (1999-2007)

EXTERNAL DEBT:
Inherited: $30 billion
Cleared : $18 billion
Paid: $ 12 billion Dollars
Left: $3,348.22bn-2007
[url]http://www.financialnigeria.com/development/developmentreport_category_item_detail.aspx?categoryid=5&item=174
[/url]
FOREIGN RESERVE
Inherited: $3.7 billion (1999)
Left: $45.0 billion (2007)

www.nairaland.com/attachments/1842321_obasanjoreserve_jpeg77635592e97d66a67bd471f21bda8ffc

http://olusegunobasanjofoundation.org/?oof_staff=president-obasanjo

NB: As at 2003, Oil Price Per Barrel was $30 and it was at $90 when he left.

2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars
www.nairaland.com/attachments/1842446_truedebttttttt_jpeg2ad5584fcb26623eb8c5f08c1ec1f242
http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death

3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

[url]http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf[/url]

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp
www.nairaland.com/attachments/1842363_2014foreignreserve_jpegb778234d0e84907de925a2b063c2355a


N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion
As at 2010, Oil Price was at $89 per barrel
As at 2011, It was $103 per barrel
As at Now it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003
Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show

U are really working hard spending sleepless nights to earn ur next pay. I wish u could channel such effort to something that's worth it.

barcanista better go find work now oh because once APC loses next year election, they will stop paying you

It is very clear that Goodluck Jonathan government is ruining Nigeria's economy, destroying what Presidents Obasanjo and Umaru Musa Yar Adua managed to build.

BTW 2008 and 2011 Nigeria earned N20.895 trillion in Oil Revenue Yar adua's era plus TWO years Jonathan (3 years)
http://www.vanguardngr.com/2012/03/oily-death-how-nigeria-short-changed-oil-producing-areas/

........................................................

In 2012 Nigeria earned N4.36 trillion

In 2013 Nigeria earned $84 billion/ N13 trillion.

in 2014 (Jan-June) we earned $40 billion / (N6.4 trillion)

ANOTHER THREE YEARS: we earned N23.76 trillion- ALL JONATHAN

http://ngrguardiannews.com/business/180185-nigeria-earns-40b-from-oil-exports-in-six-months

In other words, Jonathan HAD MORE MONEY. Others saved and managed the Debt, Jonathan though with more money depleted the reserve and messed up the debt.
You keep mumblin the same rubbish

MODIFIED:
Thank you seun and team for the FP.

From Debt Management Office
www.nairaland.com/attachments/1842450_nigeriaexternaldebtunderjonathanasatjune2014_jpeg5df3bba67660a0177d36b551048ad27a

^
^^
^^^

The three posters after op are very stup.id. Why attacking the op instead of saying any disagreement they have with the data the op has given us?

You guys are very fooli.sh. Dumb and fooli.sh indeed.

Johnpaul2k2:
Useless fo.ool

Continue to create posts.

I am a fool because I am taking my time to educate Nigerians? We all know who the fool is here

barcanista:
I am just getting started. You can abuse all you like, Nigerians must know what is going on

hey kid, it's exactly 12.33am, go to bed

Opiosko:
U are really working hard spending sleepless nights to earn ur next pay. I wish u could channel such effort to something that's worth it.

Nothing is more worth it than telling Nigerians the situation of things. FACTS don't lie.

barcanista:
PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

[url]http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf[/url]

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.5BILLION http://www.cenbank.org/intops/Reserve.asp
www.nairaland.com/attachments/1842363_2014foreignreserve_jpegb778234d0e84907de925a2b063c2355a


N/B:
As at 2010, Oil Price was at $89 per barrel
As at 2011, It was $103 per barrel
As at Now it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003
Meaning, Jonathan had access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show

Lol! It's not about having access to more money, but what u are doing with the money. How much has GeJ used to reform ur amajiri terrorists recruitment camps to rescue northern children and give them a future?.. How much has been spent in reforming our military to help counter Buhari islamic insurgency?.....

barcanista:
I am a fool because I am taking my time to [size=13pt]educate[/size] Nigerians? We all know who the fool is here

Propaganda king, bros Joseph Goebbels will be proud of you

barcanista:
2. UMARU MUSA YAR ADUA 2007 - 2009

EXTERNAL DEBT:
Inherited: Almost Zero Billion Dollars

Left: $3.94 billion Dollars
www.nairaland.com/attachments/1842349_nigeriadebtunderyaraduadec2009_jpegaaeaeb82406118ba3e284b387d6f5ee5
http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer"
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death

i hope you know that a countries external debt includes those borrowed by states ? And Nigerians know the states that has mogaged the life of their unborn children with loans to service the ego of a certain Tinubu.this debt includes the one FASHOLE collected for school project he didn't do and ran to court when asked to account for it the one fayemi used to buy that 50million naira bed was also part of the debt and the ameachis private jet too.
So don't make it seem as if the debt is federal government alone .it includes the loans fg signed off for states

Opiosko:
Lol! It's not about having access to more money, but what u are doing with the money. How much has GeJ used to reform ur amajiri terrorists recruitment camps to rescue northern children and give them a future?.. How much has been spent in reforming our military to help counter Buhari islamic insurgency?.....

You seem not to understand macro economics and governance.

1. The Price of Oil was off-shooting than what was obtained during Obj's era. Yet we didn't experience any growth in Foreign Reserve
2. When Yaradua took over, price of Oil was HIGH and our reserve was going higher and Higher to peak at all time high. It started to dip during the recession, when the oil fell at $30 per barrel. Even at that it wasn't that depleted, and the Change in External Debt was $4 Million
3. Jonathan took over power, the Oil price was soaring, rather than reserve to soar like other regimes, it deepened. Rather than him to take care of external debt, he borrowed more.

Who is the worst administrator?

Opiosko:
Lol! It's not about having access to more money, but what u are doing with the money. How much has GeJ used to reform ur amajiri terrorists recruitment camps to rescue northern children and give them a future?.. How much has been spent in reforming our military to help counter Buhari islamic insurgency?.....

Not forgetting the other presidents didn't have the same dynamics GEJ is governing under.

Nigeria did not become Africa's economic power house because Gej is imprudent.

What about investment in infrastructure by the various administrations?

To compare debt and reserve of the various governments without also presenting the facts on expenditure or investment in infrastructure is simply misleading!

You cant selectively analyse aspects of the balance sheet and then expect it to stack up!

This is another example of APC supporters campaigning with half truths!

NIGERIA BUDGET UNDER Obasanjo, YAR ADUA AND JONATHAN.
OBASANJO
2005.. N1.8trn
2006.. 1.9 trn
2007.. 2.3 trn

He left foreign reserve from less than 2 billion to 45 billon dollars and our debt was reduced from 30billion to 3 billion dollars. Despite the Oil Price

Yar Adua...

2008... N3.5trn
2009... N3.7trn

Pause: There was downwad in Oil Price, Plus he restored the subsidy removed by Obasanjo. He still left a Good fortune in the reserve and had a almost zero external debt(on his own)

Jonathan

2010... 4.6 trn

2012... 4.48 trn

2012... 4.7 trn

2013... 4.99 trillion

2014... Over 5 trillion

Pause: Jonathan enjoyed increased oil price, he partially removed subsidy, yet the country's debt was increased by almost 3b dollars and our reserve heveily depleted. On a very good ground, the reserve should be soaring High.

http://www.vanguardngr.com/2013/01/fg-states-lgas-squander-n80-trn-in-9-years/

All this rambling is geared towards foisting a coupist on this nation, it will not work. Sell us another candidate and we will listen to you but certainly not Buhari

The 2.8b that disappeared under his watch at NNPC is still fresh in our minds

The jailing of Ambrose Ali, Alex while putting his tribes man under house arrest is not forgotten yet

The callous comments he made during and after the 2011 elections that led to the death of many youths is still there to ponder over. The bastard is yet to apologies for those comments , he is yet to condemn those killings, he is yet to stop making inciting comments.

Am guessing you were less than 10 than 10 years in 1983 so you will believe anything they tell you .


How many threads have your camp opened only today just because of the demolition datolee put you guys through.

mikeansy:
What about investment in infrastructure by the various administrations?

To compare debt and reserve of the various governments without also presenting the facts on expenditure or investment in infrastructure is simply misleading!

You cant selectively analyse aspects of the balance sheet and then expect it to stack up!

This is another example of APC supporters campaigning with half truths!

Which Infrastructure? Are you aware that budgetry performance of 2013 budget was at a Shameful 40%?
What that means is that, Of the 100% of Capital projects appropriated for, ONLY 40% Capital project was attended to. Where did the rest of the money go?

BTW: Which Infrastructural project?

karlmax2:
i hope you know that a countries external debt includes those borrowed by states ? And Nigerians know the states that has mogaged the life of their unborn children with loans to service the ego of a certain Tinubu.this debt includes the one FASHOLE collected for school project he didn't do and ran to court when asked to account for it the one fayemi used to buy that 50million naira bed was also part of the debt and the ameachis private jet too.
So don't make it seem as if the debt is federal government alone .it includes the loans fg signed of for states

If they want to talk about debt let's see how much Lagos owes relative to the National average!

APC the party of "tax and spend" is in no position to lecture anyone on financial prudence!

aguiyi:
[s]All this rambling is geared towards foisting a coup it's on this nation, it will not work. Sell us another candidate and we will listen to you but certainly not Buhari

The 2.8b that disappeared under his watch at NNPC is still fresh in our minds

The jailing of Ambrose Ali, Alex while putting his tribes man under house arrest is not forgotten yet

The callous comments he made during and after the 2011 elections that led to the death of many youths is still there to ponder over. The bastard is yet to apologies for those comments , he is yet to condemn those killings, he is yet to stop making inciting comments.

Am guessing you were less than 10 than 10 years in 1983 so you will believe anything they tell you
[/s]

Who was incharge of security as at 2011? btw what is the relationship between the topic and this nonsense?

mikeansy:
If they want to talk about debt let's see how much Lagos owes relative to the National average!

APC the party of "tax and spend" is in no position to lecture anyone on financial prudence!

From Obasanjo to Yar Adua, States took debt. It is not perculiar to Jonathan. Meanwhile, Jonathan's FG Debt is $$$**** (I throw that to you, but I have it here)

Beside, You should not forget Items (External Reserve and crude oil price)

barcanista:
You seem not to understand macro economics and governance.

1. The Price of Oil was off-shooting than what was obtained during Obj's era. Yet we didn't experience any growth in Foreign Reserve
2. When Yaradua took over, price of Oil was HIGH and our reserve was going higher and Higher to peak at all time high. It started to dip during the recession, when the oil fell at $30 per barrel. Even at that it wasn't that depleted.
3. Jonathan took over power, the Oil price was soaring, rather than reserve to soar, it deepened. Rather than him to take care of external debt, he borrowed more.

Who is the worst administrator?

Macro econs or Micro econs, my point is that these presidents faced different challenges and GeJ's is one that has not been seen before. How much have we spent on military hardwares alone to upgrade our military in the past few yrs?..

barcanista:
Who was incharge of security as at 2011? btw what is the relationship between the topic and this nonsense?

The relationship is clear, you are trying so hard to discredit the president who is most favored by the masses for a second term.

Several threads have been opened just to regain the image battered today by datolee, Buhari is not sellable

With all the security challenges here and there and the Naira getting weaker by the day, I am suprised he hasn't spent up to half of both resources.

Well for me I think he has done well.

Africa’s new Number One
Read it at the economist
http://www.economist.com/news/leaders/21600685-nigerias-suddenly-supersized-economy-indeed-wonder-so-are-its-still-huge

Nigeria becomes Africa's biggest economy
Read it at the BBC
http://www.bbc.co.uk/news/business-26913497

Nigeria overtakes South Africa to become Africa's largest economy
Read it at the famous Guardian newspapers of Britain
http://www.theguardian.com/world/2014/apr/07/nigeria-south-africa-largest-economy

Apart from bokoharam and all other forces that swore to make this nation ungovernable, GEJ surpassed our widest dreams.

aguiyi:
[s]The relationship is clear, you are trying so hard to discredit the president who is most favored by the masses for a second term.

Several threads have been opened just to regain the image battered today by datolee, Buhari is not sellable[/s]

How is that my business? Face the thread

Amisec:
With all the security challenges here and there and the Naira getting weaker by the day, I am suprised he hasn't spent up to half of both resources.

Well for me I think he has done well.

Boko Haram did not affect Oil Price, unlike Obasanjo who faced Niger Delta Militants and it greatly had effect on oil production and our crude oil earning. You definitely have no point

barcanista:
Boko Haram did not affect Oil Price, unlike Obasanjo who faced Niger Delta Militants and it greatly had effect on oil production and our crude oil earning. You definitely have no point

How do you mean? Was the cost of the war against bokoharam budgeted?

Amisec:
[s]How do you mean? Was the cost of the war against bokoharam stipulated in the budget?[/s]

Why not research on Nigeria's budget and find the Military Expenditure? Must I spoon-feed you? Beside

barcanista:
Boko Haram did not affect Oil Price, unlike Obasanjo who faced Niger Delta Militants and it greatly had effect on oil production and our crude oil earning. You definitely have no point

Militants blow up oil installation= Nigeria loses Money
Militants Kidnap Oil Workers= Nigeria Loses Oil Money
Oil Coys Pay Ransome= It tells on our tax
Oil Coys cut production= Nigeria loses money
President Obasanjo Spent Money on Military= Just Like Jonathan.
Yet, we had enough in our revenue and almost zero external debt