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Nairaland Forum / Nairaland / General / Politics / External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations (102945 Views)
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Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Djicemob: 8:05am On Nov 07, 2014 |
9 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Descartes: 8:08am On Nov 07, 2014 |
barcanista:As it stands now you are the most intelligent person among the APC FANs but the problem i have with you is your temperament.Please always try to control your temperament whenever you are presenting a fact and that will earn you more respect just as Datolee has been doing in his line of argument.You got it wrong by cancelling his post and such brazen act is demeaning. Please desist from such. Finally, you still have my respect. 14 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by karlmax2: 8:09am On Nov 07, 2014 |
nawtyme:that is their behaviour they hate facts because they thrive on falsehood.when they are presented with facts that they can't disprove they result to insult.this reserve his shouting about was shared between fg,state and local government but instead of him to ask his state and local government that is closer to him who he voted into power to provide all his basic amenities to account for the share they collect from the reserves. his trying to lay the blame of the doorstep of fg. 11 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:12am On Nov 07, 2014 |
datolee:You are now using LIES LIES LIES The Bold Clearly shows that Jonathan Offshooted the Budget to an "unenviable" height between 2009(yaradua) to 2010 with N900billion, then he removed 120 Billion and again it started its increase. I also explained why the 2008 Budget was much more than 2009, it was because Yar Adua Reversed the Fuel increase on assuming power, and instead the FG Bore the responsibility. In Jonathan's case, the fuel subsidy was further removed, hence access to MORE MONEY Let us not deviate.... As at Yar Adua's time, There was Positive in the Reserve, it increases with oil Price and reached Amiable 64 billion Dollars. Only Slipped during the recession, when the Oil Price was meagre $30 per barrel. Note that Yar adua bailed the DYING Banks. Yet we have a good external debt. And he left $45 billion in reserve. Jonathan's case, Oil Price was between $80-$107, No recession, yet our Reserve was HEAVILY depleted, and our Debt heavily damaged. In normal circumstance, the Reserve Should be going up with good oil price not even stagnant, not to talk of retrogression. There is no infrastructure on ground neither improvement of our well being. You haven't made any point to Justify it 18 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:13am On Nov 07, 2014 |
Djicemob:Thanks bro, I get it... This is just the beginning 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by EldaTimba(m): 8:14am On Nov 07, 2014 |
Yesterday's whipping isn't enough for barcanista oooo. Like desecrates said, never wake up a sleepin lion. Thumbs up. Honorable DATOLEE I am using this medium to call other "progressives" to backup their leader. No opening of other tread to counter Datolee's koboko oooo. Obiagelli u hear ooo 14 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 8:14am On Nov 07, 2014 |
datolee: Pray tell, which global financial crises could be as massive compared to the one the world witnessed between 2007 - 2009 (during Yar'Aduas time) and Yar'Adua still managed to increase the foreign reserve to 62 billion in September 2008. Our nelipot GEJ still reduced the same by almost 50% in less than 3 years and the only defence is "protecting the Naira", which as a matter of fact has always been the practice since time immemorial. Don't make it sound like the economy of Nigeria was in dire straights when it doesn't, neither do we have an emergency situation warranting the depletion of the foreign reserve by close to 50%. The previous administrations also defended the Naira and reduced the debt profile with notable increase in savings, while our dear GEJ budgeted N1 Billion on feeding, allocated funds for the purchase of new presidential aircrafts, paid for the national conference jamboree from the national coffers, travelled with more than necessary delegates thereby making a mockery of the office which he holds, and you expect the foreign reserve not to deplete? No wonder the world leaders keeps on disrespecting us as a nation left, right and centre, when our President doesn't understand the consequences of his actions and inactions as the case may be. 27 Likes 2 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Djicemob: 8:15am On Nov 07, 2014 |
barcanista:I hope so ;P 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:17am On Nov 07, 2014 |
Abok1:Thank God you are also seeing the concocted lies by the "TAN" hero. It is very funny when one try to be crafty. Anyway, I have his time 11 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:18am On Nov 07, 2014 |
Djicemob:On another thread I will discuss part 2 |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:18am On Nov 07, 2014 |
barcanista: I really wished you didn't bring this link up because it clearly nullifies everything you had written. While GEJ haven't performed to expectation, it is uncharitable to pass the burden created by many decades of under-development in this country on him. Since you have moved to performance and the "clueless" GEJ is to be blamed, please state to us what infrastructures the previous government had done that GEJ destroyed. I can understand, some times we try to prove a point with a link, but you should try to read your link before you post it as a back up. Just from the headline, FG, states, LGAs squander N80 trn in 9 years... so why did you find it convenient to exonerate the states and LG from the misrule? why focus on FG alone? Not only that, why did you cut down the years from 9 to only the 3 - 4 years of GEJ? 25 Likes 2 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Descartes: 8:19am On Nov 07, 2014 |
datolee:Please my dear I beg for e-CEASEFIRE cos you are committing e-GENOCIDE against the Janjäweeds. 27 Likes 8 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:21am On Nov 07, 2014 |
datolee:This is laughable, This guy is using Derail TACTICS and Blame Game. Remember, I never brought anybody or States into the picture when I was defending the Performance of Buhari. You are free to create your thread on any state, I will be glad to engage you. However, We are talking of Federal Government Under Jonathan. PS: All the budget and Figures raised was SPECIFIED to FG alone and I left that of States for States Let's stick to it 15 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Descartes: 8:22am On Nov 07, 2014 |
datolee:"Nna eh nwa amadi a anaghi anu am sorry". Janjäweeds don match banga 16 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by frankyychiji(f): 8:22am On Nov 07, 2014 |
Djicemob:Barcanista has been calling for back up but non of his fellow apc e-rats are responding to his SOS. He has copied them twice on this thread alone but they still won't respond. Reminds me of Elijah and the prophets of Baal in the bible. moral: once you are fvcked, nobody helps get you dressed! 22 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:25am On Nov 07, 2014 |
frankyychiji:The person you quoted was being sarcastic. It is either you can't comprehend or you have no clue. The progressives are attentively READING and their positions will be known. You and your likes should stop Cheer-leading without any substance 5 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:26am On Nov 07, 2014 |
Interesting thread, you should also compare recurrent vs capital budget for these administrations and you will see how much destruction gej has done to Nigeria. 6 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Djicemob: 8:26am On Nov 07, 2014 |
frankyychiji:Yea bro. This might be the case 7 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:27am On Nov 07, 2014 |
Obiagelli:I will go to that on another thread. It will be interesting my dear. |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:28am On Nov 07, 2014 |
Waiting barcanista: |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by OrlandoOwoh(m): 8:28am On Nov 07, 2014 |
Abok1:Nobody takes Jonathan seriously. How many times has he been invited outside Africa apart from the UN meetings or going for medical check up? 16 Likes 3 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:29am On Nov 07, 2014 |
Abok1: Thank you, but please know that the recession of 2007 started with private sector with government pumping money to save the private sector, by 2011, the effect had gotten to the government sector. Please read here about the five stages of the recession from 2007 to 2011 http://www.theguardian.com/business/2011/aug/07/global-financial-crisis-key-stages I ask the same question, was Naira under stress more than it was under OBJ and Yaradua? the answer is yes Was the external reserve used to defend the Naira, the answer is yes I will believe my Government except you can provide us any link what other uses the external reserve was used for. 18 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by EldaTimba(m): 8:30am On Nov 07, 2014 |
Descartes:I swear, bacanista just misfired. I just dey pity them may datolee no massacre them. 11 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:31am On Nov 07, 2014 |
barcanista:You should also add the amount spent on fuel subsidy by these administrations. 2 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Descartes: 8:33am On Nov 07, 2014 |
datolee:Hmmm...wahala dey o. 7 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by karlmax2: 8:33am On Nov 07, 2014 |
Abok1:so our infrastructure deficit and the war declared by those that promised to make his administration ungovernable as we are now witnessing through boko haram are not emergency situation? With this your comment u have now agreed that boko haram insurgency is not an emergency situation,then why are you people using it as your most potent campaign tool 15 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:35am On Nov 07, 2014 |
barcanista: No i didn't derail, you started changing the goal post by talking about performance. I agree with you, let stick to FG alone... please answer this question From the yearly budget, who increased the budget the most using year on year bases? What is the difference in the change of year on year budget of the three administrations? You see, you cannot defend your argument. I never derail, however, i will always answer your detorted fact with actual fact 16 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:35am On Nov 07, 2014 |
datolee:This is what I call tactical manoeuvre. Madam Oby Ezeks called Jonathan a LIAR and Hiding the truth. His Official Response from Maku was laughable(Not Even NOI of Sanusi). She Challenged them for an OPEN debate in the National Assemble, NOT ANY OF THEM RESPONDED to defend their position. Not even NOI http://www.informationng.com/2013/03/tell-nigerians-the-truth-about-our-foreign-reserves-ezekwesili-challenges-sanusi-fg-again.html You are being funny bro As at Yar Adua's time, There was Positive in the Reserve, it increases with oil Price and reached Amiable 64 billion Dollars. Only Slipped during the recession, when the Oil Price was meagre $30 per barrel. Note that Yar adua bailed the DYING Banks. Yet we have a good external debt. 6 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:36am On Nov 07, 2014 |
datolee:What was the price of crude oil in 2011? 4 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 8:36am On Nov 07, 2014 |
barcanista: GEJ is like one whom kleptomaniac traits are enshrined in his DNA that it would take unparagoned level of divine intervention to cure him of it. How else can we account for the high level of irresponsibility on the side of GEJ? He makes purposeless decisions while neglecting the important issues. datolee: I'm sure @Barcanista focused on GEJ's administration because with regards to this thread, the critique in on his performance, and it behoves his patrons to come out with facts and not distort information. When it comes to infrastructure, no administration can match the level of investments made by the IBB regime, that it makes GEJ look like a failure. You are asking about infrastructures when the link I provided earlier highlighted the input of the OBJ administration in the area of power. OBJ inherited a government still suffering the effects of the different military administrations, laid the foundations of the new dispensation and started the privatisation drive with meaningful investments in the power sector, most of which are now coming into fruition during this administration. The only way out of this quagmire is to admit that GEJ failed compared to his predecessors, considering the level of gains made from the sale of crude oil which is our primary source of income as a nation. 11 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:37am On Nov 07, 2014 |
datolee:Every government spent Money. Jonathan isn't the first, but Jonathan own have K-leg. You should address this, you have always been running helter skelter As at Yar Adua's time, There was Positive in the Reserve, it increases with oil Price and reached Amiable 64 billion Dollars. Only Slipped during the recession, when the Oil Price was meagre $30 per barrel. Note that Yar adua bailed the DYING Banks. Yet we have a good external debt. 13 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 8:38am On Nov 07, 2014 |
Obiagelli: Stay on topic please and don't derail, if you want to know about revenue and oil prices, create another thread on that. To answer your question, I don' know.. can we move on now? 19 Likes 1 Share |
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