barcanista:
It is either you lack comprehension or you have no clue

barcanista:
as usual..... senseless

nawtyme:
Barcanista I wonder what will happen if you argue with someone without been aggressive and insulting. You presented facts and datole also did. Where has he been aggressive towards that will make you always resort to abuse? You were a bit civil yesterday but have gone back to your usual self today. You don't win arguments been aggressive.

datolee:


Again your line of argument is what i do not understand. What is unusual in the progression of the budget? can we do it by percentage or number? So lets do the difference and see the anomaly

2005 - 2006 = +100 billion

2006 - 2007 = + 400 billion

2007 - 2008 = +1.2 trillion

2008 - 2009 = +200 billion

2009 - 2010 = + 900 billion

2010 - 2011 = (-) 120 billion

2011 - 2012 = +220 billion

2012 - 2013 = +290 billion

Please Barcanista, check these and tell me where the anomaly is

Yaradua increased the budget the most, GEJ was the only governemtn that had decrease in budgeting from the preceding year. Now this is your link, please tell us what you see there that make GEJ this bad

I don't mean to laugh, but please don't dig your own grave...

Djicemob:
Sarcasm bro, sarcasm.

Sai datolee

datolee:


Here is the response of the FG, just a part of it

“However, since President Obasanjo left office, the reserves have experienced fluctuations, rising from $43.13 billion in May 2007, peaking at $62 billion in September 2008 during the Yar’Adua/Jonathan Administration when oil prices peaked at $147 per barrel, and falling subsequently to a low of $31.7 in September 2011.”
Maku added: “This fall in reserves was a result of the vicissitudes of the global financial crisis which caused CBN interventions in the currency market to defend the value of the naira.

What is k-leg here? I have asked you the same question, was Naira under pressure due to global financial crisis? Did CBN use the external reserve to defend the Naira instead of devaluing the naira as recommended by IMF?

You argument really lack merit and it's hereby dismissed

barcanista:
Thanks bro, I get it... This is just the beginning

Abok1:



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.

Djicemob:
I hope so ;P

barcanista:
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/

cc: Omenka Obiagelli Berem egift

datolee:


Again your line of argument is what i do not understand. What is unusual in the progression of the budget? can we do it by percentage or number? So lets do the difference and see the anomaly

2005 - 2006 = +100 billion

2006 - 2007 = + 400 billion

2007 - 2008 = +1.2 trillion

2008 - 2009 = +200 billion

2009 - 2010 = + 900 billion

2010 - 2011 = (-) 120 billion

2011 - 2012 = +220 billion

2012 - 2013 = +290 billion

Please Barcanista, check these and tell me where the anomaly is

Yaradua increased the budget the most, GEJ was the only governemtn that had decrease in budgeting from the preceding year. Now this is your link, please tell us what you see there that make GEJ this bad

I don't mean to laugh, but please don't dig your own grave...

datolee:


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?

datolee:


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?

Djicemob:
At this juncture, we the progressives better call for backup

frankyychiji:
[s]Barcanista has been calling for back 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! [/s]

frankyychiji:
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!

Obiagelli:
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.

barcanista:
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

Abok1:


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.

Abok1:



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.

Descartes:
Please my dear I beg for a CEASEFIRE cos you are committing GENOCIDE against the Janjäweeds.

barcanista:
I will go to that on another thread. It will be interesting my dear.

datolee:


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.

Abok1:



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.

barcanista:
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

datolee:


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.

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.

datolee:


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

barcanista:
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.

Let's stick to it

datolee:

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?

datolee:


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

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.

Obiagelli:

What was the price of crude oil in 2011?