barcanista:
@ Omenka Obiagelli Berem NgeneUkwenu ibnsultan egift and All Progressives, FINALLY someone(A Jonathanian) admits that Jonathan was a FLOP relative to Obasanjo and Yar Adua!!!

Thank God for this day!!!

datolee:



Final question, did any of these fund taken out of the external reserve? if the answer is NO, then what is your point really?

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. The increase in budget between 2007 and 2008(his time) was due to the fact that he restored the subsidy that Obasanjo had removed in the 2007 budget. In other words, the government paid extra for Fuel.

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:


Answer to your question.. no I didn't because it is inconsequential to the debate.

I wonder why you people never answer any of my questions, rather you go to next topic. who is paying maradona here?

datolee:
I will derail a little here.. please forgive me. So from your statements, OBJ and Yaradua were the Messiah of our time?

The last I checked, they were under the PDP... so by extension, the problem of Nigeria is not PDP but GEJ?? I thought your party said that PDP have kept us in darkness for 16 years, I didn't know that alternative name for GEJ is PDP.

I really can't stop laughing...

Opiosko:
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. [s] How much have we spent on military hardwares alone to upgrade our military in the past few yrs?.. [/s]

Soldiers Revolt In Maiduguri Over Inadequate Weaponry And Poor Condition A ngry soldiers from the newly formed 7th Division of the Nigerian Army in Maiduguri today May 14th revolted against their General Officer Commanding, Major General Abubakar Mohammed , shooting sporadically in the air at Maimalari barracks, which is also home to the Artillery Corps, the Ordinance, as well as army signals in Maiduguri, Sahara Reporters reports According to two soldiers who spoke with SR, the soldier became enraged when they saw the bodies of their colleagues ambushed and killed by Boko Haram men in Chibok, Borno state. The angry soldiers immediately started shooting into the air, complaining that their superior have failed to provide them with adequate weaponry with which to fight the war against the better- armed Boko Haram militants. “We the soldiers don’t have the kind of arms and ammunition that [Boko Haram] fighters have. So everyday, they kill our men anyhow, but it is never published in the media,” said one source. The other source also complained that the commanding officers “are too busy ‘eating’ money. And they do not pay our allowances on time. And once [a soldier dies], nobody knows what happens to his allowances again.” The sources also revealed that also that the mutinying soldiers were fed up that their military commanders have not devised a troop rotation system to ensure that those in combat can get some rest before being redeployed to continue the bloody and frustrating war with Boko Haram insurgents. General Mohammed narrowly escaped out of the barracks to an undisclosed location.

barcanista:
He has finally admitted. But we will still get into more of the wastage in another thread.

Obiagelli:


You are asking why gej's budge is 5 times obj's, i asked if you factored inflation and exchange rate, you are telling me its inconsequential?

If it cost me 10k to feed in 2003, it will cost me 30k today. I hope you get it

Btw those budget figures are in naira (i believe), go and check the exchange rate and stop clowning.

Barcanista, teach this man abeg.

Obiagelli:


You are asking why gej's budge is 5 times obj's, i asked if you factored inflation and exchange rate, you are telling me its inconsequential?

If it cost me 10k to feed in 2003, it will cost me 30k today. I hope you get it

Btw those budget figures are in naira (i believe), go and check the exchange rate and stop clowning.

Barcanista, teach this man abeg.

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. The increase in budget between 2007 and 2008(his time) was due to the fact that he restored the subsidy that Obasanjo had removed in the 2007 budget. In other words, the government paid extra for Fuel.

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.

EldaTimba:

You are wrong Ma. In 2003, a dollar is roughly 120 naira. 2014, it is approximately 160 naira. This means there is 25% fall in the value of naira(1/4).
By your arguments, should we ha just 25% increase in our budget?

Firefire:


Admitted what

ayukdaboss:

2010 - 2.14billion DOLLARS
2011 - 2.38 BILLION DOLLARS
2012 - 2.1 BILLION DOLLARS
2013 - 2.2 BILLION DOLLARS
TOTAL = 8.82 BILLION DOLLARS
Plus 1BILLION DOLLARS Jonathan JUST BORROWED!

http://militarybudget.org/nigeria
Now Read Below:

Where did the the military keep these weapons? In your house?

ayukdaboss:

2010 - 2.14billion DOLLARS
2011 - 2.38 BILLION DOLLARS
2012 - 2.1 BILLION DOLLARS
2013 - 2.2 BILLION DOLLARS
TOTAL = 8.82 BILLION DOLLARS
Plus 1BILLION DOLLARS JONA.DAFT JUST BORROWED!

http://militarybudget.org/nigeria
Now Read Below:

Where did the the military keep these weapons? In your house?

And why the hell is Jona.daft censored?

barcanista:
The guy is funny, I will treat the budget Issue in another thread. I deliberately decided to leave it out. He is avoiding this...

EldaTimba:

Are you answering him, HE IS POINTLESS. Their hypocrisy is at its peak. They wouldn't want to discus expenditure but would wish to discus oil price.

datolee:


Lets do this exercise once again.

Do you agree that OBJ left $3 billion in debt?

Do you you agree by the time Yaradua left, the debt only increase by about $500 million

If you agree by these, would also agree that as at today, Nigeria debt has only increased by $2.42 billion since Yaradua left office?

Lets be guided...

Obiagelli:


You are asking why gej's budge is 5 times obj's, i asked if you factored inflation and exchange rate, you are telling me its inconsequential?

If it cost me 10k to feed in 2003, it will cost me 30k today. I hope you get it

Btw those budget figures are in naira (i believe), go and check the exchange rate and stop clowning.

Barcanista, teach this man abeg.

Obiagelli:

Btw we have not even started to factor subsidy and sure p.

EldaTimba:

Are you answering him, HE IS POINTLESS. Their hypocrisy is at its peak. They wouldn't want to discus expenditure but would wish to discus oil price.

datolee:


So what is your problem?

Let me recap once more. During OBJ's time, after paying off the debt, he borrowed extra $3 billion

GEJ has only borrowed $2.42 billion..

OBJ paid off our loans through paris club whatever agreement in 2005. http://news.bbc.co.uk/2/hi/business/4637395.stm withing 2 years, he had borrowed additional $3 billion.. If we take it on straight line that every 2 years we borrow $3 billion, how much would be our debt profile by now?

Do the maths while I have my late lunch.. thanks

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. The increase in budget between 2007 and 2008(his time) was due to the fact that he restored the subsidy that Obasanjo had removed in the 2007 budget. In other words, the government paid extra for Fuel.

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

major466:
The more I see post like these, the more I'm made to believe that APC got nothing to offer as far as economic development is concerned.

Every government have a peculiar kind of challenge. Challenge of international trade as it affect world economic activities and the Nigerian economy.
Using international reserves as a yardstick to economic performance without considering other economic indices prior to GEJ administration is laughable.

High external reserve with poor economic indices is as good as nothing.

barcanista:
The Weapons are in my family house in Okrika

Obiagelli:

Inflation @ an average of 10% yearly, did you factor that too?

barcanista:
Oga, I am actually putting it to him on Jonathan's issue. He is being cunny and the issues I have been asking is being avoided, but he has been rumbling since page 1

barcanista:
Like I said, the subsidy is in another thread. When you lump them all into one, people may not get all the message. We gotta break them by piece

ayukdaboss:

You can imagine someone boldly pointing out purchase of weaponry as a sector Jonathan has allocated funds to with the current situation of the military in Nigeria. These TANoids are the real enemies of Nigeria and we must knock sense into their empty heads.

omenka:
I wonder why he hasn't responded to my post.

barcanista:
Like I said, the subsidy is in another thread. When you lump them all into one, people may not get all the message. We gotta break them by piece

Firefire:





Funny people...





No amount of propaganda by APC and her team of fighters both on the field, online and offline can intimidate Nigeria sovereignty under the leadership of the Lucky one.

barcanista:
Stop being Clever by half. Nigeria Loan was $30 billion, 18 billion was cleared by Paris Club, while Obj reduced the rest to $3billion. He still had a Balance of $45 billion in Reserve.

Why are you running away from this?