Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard - Politics (3)

Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard (30185 Views)

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Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Akpan107(m): 8:00am On Jan 18, 2016

PassingShot:
It's unfortunate that we just have to look back given the present situation of our economy. The situation has been brought about by GEJ's failure to save during windfall from oil sale of average of $100 a barrel. He instead reduced foreign account fromm $44bn in 2011 to $29bn in 2015. The question is, what did he do with the $15bn difference and the excess dollars earned in that period?

Can any supporter of GEJ sincerely answer that what he 'achieved' commensurates with what we earned?

The hardship of today is a result of poor decisions of years past.

I don't envy PMB and his team at all. They inherited a hemorrhaging economy at a time oil price is crashing on daily basis.

Apc is a disaster and a useless political party. they are never the answer the country, s problems.

4 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by plaetton: 8:00am On Jan 18, 2016

BlameGEJnomics
undecided

4 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Tokt: 8:00am On Jan 18, 2016

Unfortunately the apc guy is on point. We are only reaping from the cursed seeds Jonah-daft and his cursed team sowed. Even with oil going above $ 120 dollars per barrel, the naira fell under Jonah-daft with no savings whatsoever despite pegging oil price at less than $80. These fools who sees nothing wrong in this expects General Buhari to perform wonders within months when oil is hovering around $30.
Hypocrites are these fools.

1 Like

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Hollaniyii(m): 8:01am On Jan 18, 2016

APC should shut up.... Stop telling us what we already know, we brought APC to salvage our economy and alleviate our poverty. I am a pro APC but I will never be sentimental, if APC does not have solutions to our problems let them leave in 2019

10 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by RealBae: 8:01am On Jan 18, 2016

let the blame continue..
Oya na

2 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Nobody: 8:02am On Jan 18, 2016

ok now am highly tired of this

Apc has got to b kidding me huh

Am an apc freak bt blame agenda has got to stop

Nigeria produces income everyday whr d heck are all our daily incomes.

I dont get this huh

Apc m dissappointed o cudnt bliv i fought d whole of my class during election for u guys i wont say mch before dem locate me lipsrsealed

12 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by onuh12(m): 8:02am On Jan 18, 2016

I know very soon an APC gullible Nigeria who got married and couldn't get his wife pregnant will blame GEJ/PDP. It's a pity, very pathetic government of no direction.

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Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by tiwiex(m): 8:02am On Jan 18, 2016

cktheluckyman:
Oil price fell from 120 to N50 under GEJ yet the naira never went above N200 during GEJ 's regime, in barely seven months, the Nepa Bill certificate holder have shut down our currency to exchange for N305 to a dollar!! A government with no economic direction and an incompetent finance minister!!

That's because they were using our foreign reserve ( savings) to defend it. GEJ did not save a penny in 6 years despite earning so much. Intact, he was using Yaraduas saving to keep us at 200. That defense won't last 4 months.

1 Like

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by jaggedboi(m): 8:03am On Jan 18, 2016

PassingShot:
It's unfortunate that we just have to look back given the present situation of our economy. The situation has been brought about by GEJ's failure to save during windfall from oil sale of average of $100 a barrel. He instead reduced foreign account fromm $44bn in 2011 to $29bn in 2015. The question is, what did he do with the $15bn difference and the excess dollars earned in that period?

Can any supporter of GEJ sincerely answer that what he 'achieved' commensurates with what we earned?

The hardship of today is a result of poor decisions of years past.

I don't envy PMB and his team at all. They inherited a hemorrhaging economy at a time oil price is crashing on daily basis.

When Obama took over from Bush,he went into action and statd rebuilding the american economy.....we hav heard enough from this APC government. They just need to start takin responsibilty

7 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Nobody: 8:03am On Jan 18, 2016

sickstars:
ok now am highly tired of this

Apc has got to b kidding me

Am an apc freak bt blame agenda has got to stop

Nigeria produces income everyday whr d heck are all our daily incomes.

I dont get this

Apc m dissappointed o cudnt bliv i fought d whole of my class during election for u guys i wont say mch before dem locate me

2 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by HENSEXIE(f): 8:03am On Jan 18, 2016

Every APC lie W̶̲̥̅̊α̇̇̇̊S̤̥̈̊ A̶̲̥̅ hit back 2 back,4rm 5k monthly stipend,2 one square meal 4 govt skulz.Iyanla APC
Oya PDP tek it ova jare undecided

5 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Nobody: 8:05am On Jan 18, 2016

benzics:
By Levinus Nwabughiogu

ABUJA – All Progressives Congress, APC has said that the financial recklessness exhibited by the previous government of ex-President Goodluck Jonathan was responsible for the fall of Naira and dwindling economy.

It further stated that the People’s Democratic Government, PDP “squandered” the resources of the country, stressing the APC met nothing with which to run the country.

The position of the party was stated by the Acting National Publicity Secretary of the party, Comrade Timi Frank while speaking exclusively to Vanguard in Abuja on Sunday.

Frank who asked Nigerians to be patient with the government of the President Muhammadu Buhari however assured the people that the president was committed to reviving the economy.

https://cdn1.vanguardngr.com/wp-content/uploads/2015/11/Jonathan-waving-e1448011471460.jpg

“Personally, I am worried about the current situation of the economy but again I am letting you know it is not our fault because this is what we met. We met a bastardised system. We took over from a government that destroyed our economy. The PDP government embezzled the wealth of our nation. So our economy is something we are fighting to survive.

“And I can assure you that our government is taking every necessary step to make sure we revive our economy and that everything will come to stay. Clearly, I can tell you that this is why the President is moving round to make sure our economy stands again.

“The current situation of our country today, I am asking Nigerians not to blame President Buhari because he is working very hard to make sure things go well with Nigerians that voted APC government to power. They will not be disappointed.

“So the blame goes back again to the previous government, the PDP government which squandered the resources of our country. And today, Nigeria as a nation is suffering because of them. But by the grace of God, things will be fine again”, he said.

Source: http://www.vanguardngr.com/2016/01/fall-of-naira-economy-blame-jonathan-says-apc/

Cc: lalasticlala , ishilove

bastard apc. blame Jonathan for fall of oil price

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Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by PassingShot(m): 8:05am On Jan 18, 2016

EternalTruths:
Tell yourself the truth.

Have Buhari initiated the journey of True Federalism.?

Remember that a journey of a thousand miles begins with a step

By pronouncing severally that we must go back to farming and mining, yes he has.

By making sure the 2016 budget is far less dependent on oil, yes he has.

By tasking ministry of solid minerals to explore mining to the maximum, and by the minister clearly saying that each state is now at liberty to explore mining without much hinderance, yes he has.

He has taken the first needed steps towards diversification.

1 Like

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Tokt: 8:06am On Jan 18, 2016

jaggedboi:
When Obama took over from Bush,he went into action and statd rebuilding the american economy.....we hav heard enough from this APC government. They just need to start takin responsibilty

And how long did it take Obama to do the turnover? Compare it with the time the General has spent and come back to tell me u aren't being hypocritical.

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by yommys01(m): 8:06am On Jan 18, 2016

cktheluckyman:
Oil price fell from 120 to N50 under GEJ yet the naira never went above N200 during GEJ 's regime, in barely seven months, the Nepa Bill certificate holder have shut down our currency to exchange for N305 to a dollar!! A government with no economic direction and an incompetent finance minister!!

Simply because GEJ administration were using the foreign reserve to support the naira. You know that for a fact but won't state it

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by coolzeal(m): 8:07am On Jan 18, 2016*

The crashing oil price is as a result of America surplus production of shale oil in North Dakota and less demand in the world. I hope Nigerians are not really gullible or lazy to do some research. I think it's an economic war going on around the world for supremacy within nations.

3 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by GettysBurg: 8:07am On Jan 18, 2016

PassingShot:
It's unfortunate that we just have to look back given the present situation of our economy. The situation has been brought about by GEJ's failure to save during windfall from oil sale of average of $100 a barrel. He instead reduced foreign account fromm $44bn in 2011 to $29bn in 2015. The question is, what did he do with the $15bn difference and the excess dollars earned in that period?

Can any supporter of GEJ sincerely answer that what he 'achieved' commensurates with what we earned?

The hardship of today is a result of poor decisions of years past.

I don't envy PMB and his team at all. They inherited a hemorrhaging economy at a time oil price is crashing on daily basis.

Honestly, you have raised some important points. In particular, the issue of the foreign reserves drop in GEJ's tenure. But let's take a dispassionate look at the points and the circumstances again.

1. The claim by Apc and their cohorts, that the economic collapse should be blamed on the Jonathan government is irresponsible. Why did the economy stay fine throughout his 6 years in office? How come that government successfully managed the economy for their 6 years in power to the extent Nigeria was the toast of investors globally? Nigeria was an economic phenomenon during the last government, for instance:

- Our stock market was consistently rated top 3 performing in the world.

- We grew to become Africa's biggest economy, overtaking South Africa , no mean feat.

- We never had petrol queues as products came in constantly and consistently, and at official price. We even had a reduction in price by 10 naira to reflect the crash in global crude prices. (In Apc government, we have a massive crash in global crude prices, yet they reduced the price by 50 kobo!!! Fraud!!!)

- The issue of Jonathan saving excess monies: Do we all remember how Dr Okonjo Iweala kept crying and screaming about the need to save in a Sovereign wealth fund? Do we remember how the governors forum led by Amaechi stood against the idea and even went to court about it? Now the chickens have come home to roost!!!!

- There's neither magic nor shortcuts in managing an emerging complex economy like Nigeria's. Same way there's neither magic nor shortcuts to carrying out a major brain or heart surgery. Surgeries are performed by highly trained, skilled and experienced surgeons. Not even by 'normal Doctors (GPs). And this answers the questions about how and why the economy was buoyant under PDP and suddenly begins to crash under Apc! It's knowledge, Simple!!!

- Do you know what the IMF president, Christine Lagsrde, told Buhari when she visited last week? Answer: She told them there will be no loans available for Nigeria now, (as buhari was planning to take massive loans to finance his budget), as Nigeria has been delisted from critical indexes which would have allowed institutional investors reflate the economy via bonds in this critical times. When the delisting was about happening in june, buhari and Apc dismissed it as nonsense talk. They never knew how Nigeria is so interconnected to the global economy. They never knew they closed critical access to important financing windows. Okonjo Iweala would never make such mistakes. Competence is key!

- The major item that strains our foreign reserves is Fuel imports and subsidies. Jonathan, in all sincerity, called for the removal of subsidies and the nation crucified him. That would have solved this problem once and for all. Now the same treacherous Apc comes around and now removes subsidies which they earlier condemned.

I recommend this government does 2 things to salvage what will be the worst outing of the country since colonial days:

1. Look for an world class expert in development economics with critical experience in emerging markets to manage the economy, with sufficient powers given to him/her.

2. Get Buhari to liberalise his mindset and let go of his Statist and socialist ideologies. It isnt going to be compatible with number 1 above.

31 Likes 10 Shares

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by erekoshe: 8:07am On Jan 18, 2016

Tokt:
Unfortunately the apc guy is on point. We are only reaping from the cursed seeds Jonah-daft and his cursed team sowed. Even with oil going above $ 120 dollars per barrel, the naira fell under Jonah-daft with no savings whatsoever despite pegging oil price at less than $80. These fools who sees nothing wrong in this expects General Buhari to perform wonders within months when oil is hovering around $30.
Hypocrites are these fools.

Lol! Use ur Id bro or are you too ashamed to say these with ur Id?

3 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by naijanaso: 8:08am On Jan 18, 2016

fitzmayowa:
APC's Modus Operandi

1. When you fail to fulfill your campaign promises blame GEJ/PDP

2. When you are asked for accountability blame GEJ/PDP

3. After running government for 8 months and people are still not feeling the "CHANGE" blame GEJ/PDP

4. When you make bad economic decisions blame GEJ/PDP

5. When you take forever to appoint ministers blame GEJ/PDP

6. When you can't tell nigerians that you won't be able to fulfill some of the bogus promises blame GEJ/PDP

7. When you are in doubt blame GEJ/PDP

8. When you junketeer around the world with no tangible result blame GEJ/PDP

I wonder when APC will stop this blame game and face governance squarely, APC led government has turned democracy to "blamemocracy"

Nigerians elected them to solve the problem of the country and not start throwing blames...SMH

When you present a bad budget, blame Jonathan

When the budget is missing, blame Jonathan

When the budget is stolen through the back door, blame Jonathan.

When PMB finally accepts to formally write the NASS for correction of the budget, also blame Jonathan.

When Nigerian Customs seizes goods, blame Jonathan.

When PMB asks them to send the seized goods to IDP camps, blame Jonathan.

When sanctions are lifted on Iran to to start selling oil, blame Jonathan.

THE BLAME LIST WILL NEVER END IN APC GOVT.

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Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by perrychemical: 8:08am On Jan 18, 2016

[quote author=omenka post=42082099][/quote]I think some Nairalanders did not understand economy issues. There is virtually little the president can do, becos they inherited a bad economy from the past administration.Based on my own understanding, Jonathan is a bad leader that squandered our economy. We all have to go and have a clear understanding on how economy is being ran, b4 u open ur mouth in this forum. I can categorically say whoever justify Jonathan from the present economy reality we are facing today is a dullard and doesn't have understanding. Pls if u really go to school ,go and read and talk sense abt the state of our economy. Economically, Jonathan failed to contribute anything to our economy, he ended depleting our reserved, despite high revennue earned during his administration. I learnt he claimed naija is d largest economy in africa during his tenure, I don't know d metrics he used, the country that is exporting crude and importing finished product,talkness of diversyfying into the other sector of the economy .whoever justify jonathan, I pray that God should run the affairs of his/her entire family the way jonathan ran the affairs of this country. Amen

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by maccyz(m): 8:09am On Jan 18, 2016

tuale4u:
Oil price is 28 dollar today. It was 100 dollar under GEJ.

GEJ and oil price is to blame.

When will APC learn to take responsibility for their doings evrytin na jonathan nd PDP .....Bunch of confused and non directional old fools

6 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by foriz4u(m): 8:09am On Jan 18, 2016

PassingShot:
It's unfortunate that we just have to look back given the present situation of our economy. The situation has been brought about by GEJ's failure to save during windfall from oil sale of average of $100 a barrel. He instead reduced foreign account fromm $44bn in 2011 to $29bn in 2015. The question is, what did he do with the $15bn difference and the excess dollars earned in that period?

Can any supporter of GEJ sincerely answer that what he 'achieved' commensurates with what we earned?

The hardship of today is a result of poor decisions of years past.

I don't envy PMB and his team at all. They inherited a hemorrhaging economy at a time oil price is crashing on daily basis.

rubbish! keep playing she blame game ur tenured is rolling out like a carpet I hope u won't come begging us with some dollar to vote in back to power in 2019. just keep blaming don't go to work u hear

3 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by 93RD(m): 8:10am On Jan 18, 2016

when i see a lot of comments on here i laugh at a lot of hypocrisies at the same time weep for my country. It is obvious it will take longer than expected to get to the promise land.

3 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by tinktanker: 8:10am On Jan 18, 2016

PassingShot:
It's unfortunate that we just have to look back given the present situation of our economy. The situation has been brought about by GEJ's failure to save during windfall from oil sale of average of $100 a barrel. He instead reduced foreign account fromm $44bn in 2011 to $29bn in 2015. The question is, what did he do with the $15bn difference and the excess dollars earned in that period?

Can any supporter of GEJ sincerely answer that what he 'achieved' commensurates with what we earned?

The hardship of today is a result of poor decisions of years past.

I don't envy PMB and his team at all. They inherited a hemorrhaging economy at a time oil price is crashing on daily basis.

it so bad Dat ur blind to truth. Even fashola n amaechi has said gej did more roads Dan any president n revamped the railway system. Oil price dropped to $70 per barrel and gej reduced fuel to N87 frm N97 n one stupid apc bats said Dat we were meant to buy fuel at N50 due to d reduction in oil price. So now it is reduced further he will not run his dirty mouth Dat we should buy fuel at N20 cos dey (D propagandist) are now in power. Only fools swallow apc lies. Let dem keep blaming n not govern. Fools

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Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by survivex: 8:11am On Jan 18, 2016

I am surprised that you all are just noticing that PMB is clueless. He wanted power for 12yrs, now he has it and can't understand what to do with it but fight PDP officials at the expense of our economy.

During the campaign period, he was asked clearly what his plans were for the Nigerian economy! The bozo couldn't say anything constructive. So please, all those who wanted change now you have it, live with it and stop blaming a man you all called clueless Jona.

APC, party of liars by liars and for liars. Take it or leave.

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Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Tokt: 8:11am On Jan 18, 2016

CyberWolf:
When GEJ was busy saving for the rainy day and the governors by Amechi was busy shouting share the money share the money, what do you expect? Let APC go and die..

1) did Amaechi and co asked them to also share the FG part of the sum money which takes the Lion share of over 50%? Majority of the money went to FG and the fool squandered it.
2) Are the majority of governors not PDP governors who also don't trust Jonah-daft and Ngozi to keep their money for them? If so then this is more troubling.
Jonah-daft was a crook.

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by bumtos(m): 8:12am On Jan 18, 2016

Chubhie:
Who even take Apc blame game serious? Their blame game is only but to deceive the gullible and buy time while wishing some miracle happens.

Nigerians should demand total fulfilment of the social contract Apc signed with them.

Nothing but the truth.

6 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Tokt: 8:12am On Jan 18, 2016

erekoshe:
Lol! Use ur Id bro or are you too ashamed to say these with ur Id?

Face topic pls.

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by tinktanker: 8:13am On Jan 18, 2016

survivex:
I am surprised that you all are just noticing that PMB is clueless. He wanted power for 12yrs, now he has it and can't understand what to do with it but fight PDP officials at the expense of our economy.

During the campaign period, he was asked clearly what his plans were for the Nigerian economy! The bozo couldn't say anything constructive. So please, all those who wanted change now you have it, live with it and stop blaming a man you all called clueless Jona.

APC, party of liars by liars and for liars. Take it or leave.

gbam

3 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by davoremix(m): 8:14am On Jan 18, 2016

People are always quick to scream blame game, useless government and all when the former government is berated by the present one for making things harder for the good people of this nation.
The main source of income is oil, when oil was booming, one hat headed dumbass and his cohorts embezzled all they could lay their hands upon and then a new government came in and suddenly oil is almost a liability now with no favourable forecast of price increase anytime soon. And then you want the new government to create money out of thin air and fulfil campaign promises. APC are handicapped. Buhari is under pressure (remember the BBOG saga). Instead of just attacking the present government unnecessarily, we should work together to help ourselves out of this or else we will all sink together and the funny thing is that it is you people who are attacking this government that will suffer it the most. #David

1 Like

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by gozmok1(m): 8:15am On Jan 18, 2016

fitzmayowa:
APC's Modus Operandi

1. When you fail to fulfill your campaign promises blame GEJ/PDP

2. When you are asked for accountability blame GEJ/PDP

3. After running government for 8 months and people are still not feeling the "CHANGE" blame GEJ/PDP

4. When you make bad economic decisions blame GEJ/PDP

5. When you take forever to appoint ministers blame GEJ/PDP

6. When you can't tell nigerians that you won't be able to fulfill some of the bogus promises blame GEJ/PDP

7. When you are in doubt blame GEJ/PDP

8. When you junketeer around the world with no tangible result blame GEJ/PDP

I wonder when APC will stop this blame game and face governance squarely, APC led government has turned democracy to "blamemocracy"

Nigerians elected them to solve the problem of the country and not start throwing blames...SMH

new apc name

3 Likes

Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by internetpo(m): 8:15am On Jan 18, 2016

PassingShot:
It's unfortunate that we just have to look back given the present situation of our economy. The situation has been brought about by GEJ's failure to save during windfall from oil sale of average of $100 a barrel. He instead reduced foreign account fromm $44bn in 2011 to $29bn in 2015. The question is, what did he do with the $15bn difference and the excess dollars earned in that period?

Can any supporter of GEJ sincerely answer that what he 'achieved' commensurates with what we earned?

The hardship of today is a result of poor decisions of years past.

I don't envy PMB and his team at all. They inherited a hemorrhaging economy at a time oil price is crashing on daily basis.

Are U daft? I am tired of ppl saying GEJ depleted our foreign reserves. where were u when he tried to save in the sovereign wealth fund as adviced by NOI but the governors took him to court and got an order to share everything. but you have conveniently forgotten cos it doesn't suit your propaganda plans.

be objective in ur analysis pls. for me, GEJ is never a god, he made many mistakes but did his best as regards the resources n systems we have here. unlike your tin god who u can never do any wrong.

APC shd keep blaming till 2019, I still have my PVC

4 Likes

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