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Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard - Politics (6) - Nairaland

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Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by iamKeo(m): 9:12am On Jan 18, 2016
#1=$1 I'm still waiting Let that maggot brain do fast.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by cardoctor(m): 9:15am On Jan 18, 2016
We Nigerians are constantly trying to build Rome in one day. Please stop the blame game and get the economy moving forward.














Check my signature for dealer level advanced car computer diagnostics and repairs in ABUJA.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by minifuworld: 9:16am On Jan 18, 2016
fitzmayowa:
What the present administration can do is to turn things around, remember they campaigned on the slogan of "CHANGE" and nigerians bought in to it...


Are we going to applaud them(APC) for under-performance because PDP messed uphuh Are we going to continue to cheer them on when all they do is blame GEJ/PDP all the timehuh To rule a country like nigeria is not easy and they already knew what they were coming into, this is not the time to start throwing blames, because throwing blames won't solve a thing....

Its 8 months into APC's government, we are getting tired of the blame games already...SMH
yes i agree with you and i personally want the present administration to have focus and make policy that's goin to improve peoples life
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by myproperty(m): 9:18am On Jan 18, 2016
Chubhie:
I wondered why the enchanted zombies caged by the sorcery of chanji mantra are yet to accept Jesus as their Lord and be free from Apc bondage?
How educated are you that can't stop blaming GEJ/PDP for the woes of this present government.
How educated are you that forgot that Shagari inherited an empty treasury from OBJ and did not blame OBJ
How educated are you that don't know that OBJ in his second coming also inherited an empty treasury and saved while leaving.
How educated are you that also forgot that Amaechi's governors forum kicked against saving.
How educated are you that you didn't know why the APC government refused to publish GEJ handover note.

How educated are you that refuse saying the truth that as at May 29 GEJ left behind the sum of US$29billion in Foreign Reserve and $2billion in SWF(SWF would have been higher if not for Amaechi's "share the money" stand),whereas OBJ and Shagari inherited nothing and no blame game from them
Did you also forgot barely few weeks after handover the economy collapse
Have you also forgotten that when GEJ took over price of crude was over $100 and at end of his tenure it was around $46 yet the economy did not collapse.

please the period of victory honey moon is over. let the government go to work and stop blaming
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by lomprico(m): 9:19am On Jan 18, 2016
mwasiu:
Some people will just come here and start yarning rubbish,do you even know why naira is crashing,u better go and get an economics textbook and read
As you know efitin tell us na
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by kunlej2: 9:20am On Jan 18, 2016
what have I to say? most Nigerians have short circuit brain and memory loss syndrome.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Nobody: 9:21am On Jan 18, 2016
So they have not stop blaming the previous government, is almost one year of their administration now, is better for them to do something now
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by x12345678x: 9:21am On Jan 18, 2016
PassingShot:
I don't know what you meant by "economy stayed fine throughout GEJ's era" when we all know that there was more than enough coming from crude sale.

The collapse of the economy started under GEJ. For example, his administration borrowed to pay FG workers in March and April of 2015. NOI severally stated that hard times were ahead of us as crude price started to drop.

"The largest economy" tag remains a paper appellation only. We are still the "largest economy" and it is based on re-basing of the economy and had NOTHING to do with any major changes in economic performance.


Not all of us had short memory! We had petrol queues during GEJ especially in May 2015 which was largely due to his govt's failure to pay the oil marketers their overdue import subsidies. When PMB came on board, they agreed to allow him time to sort himself hence the appearance of queues but later resurfaced for the same outstanding subsidies that GEJ didn't pay before his exit.


Whiever way, GEJ is still to blame.
If there was strong justification not to share the money in the SWF, NOTHING could have made the governors succeed to make FG share it. However, since the FG was always taking money from the account without the knowledge of the joint-owners, the state governors, their fight to share it was justified.
The question now is: "what did the FG do with its own share of the money?" Answer: Looted.


I have somehow answered you on this.
Had GEJ managed to remain, Nigeria would have practically become another Greece, begging for loan everywhere around the world. The fact that oil sold for average of $100 during GEJ's tenure was the only reason the economy appeared buoyant. NOT ANYTHING ELSE! The evidence lies in the fact that GEJ was already borrowing to pay salaries before his exit.


The delisting process had started during GEJ. Get your facts right.

There is no evidence that PMB wanted money from IMF. On the contrary, Lagarde praised PMB and his team at the job they're doing. She categorically stated "Nigeria doesn't need any loan" with what she saw. Stop twisting facts!


GEJ promised in 2011 there would not be increase in pump price only to suddenly announce on Jan 1st that pump price had increased. The reaction was expectedly spontaneous. Besides, he had already proved not to be trust worthy to utilize the subsidy if removed.
What did he do with the partial removal that eventually happened? Where are the promised palliatives?



PMB is doing the needed surgical processes already. There are no short cuts beyond the methodical processes he's taking us through. By the end of first half of this year, results would have started trickling in.

GEJ was a disaster. Only the bigots will fail to realize it.
Wow ! Splendid! Just Splendid! Ur actually rilly gud at this eh. When do we get d sequel to this season's "Blame Jonathan". I love season one would it continue all d way to season four?....oh n by the way I'd love an autograph if u can spare one.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Nobody: 9:22am On Jan 18, 2016
Pls why did u say so?
kunlej2:
what have I to say? most Nigerians have short circuit brain and memory loss syndrome.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by sammhi(m): 9:27am On Jan 18, 2016
ok. please just hand over the govt bak to him to fix his rot...no need for stories
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Skywalker5(m): 9:28am On Jan 18, 2016
Ignorant people in Nigeria. America have switched to shale oil. That's the main reason. This is also affecting oil producing countries like iran
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by keally: 9:29am On Jan 18, 2016
minifuworld:
dont you know that its our external reserve that GEJ is using to defend the dollar then and that is we citizens dont feel it much but now that the external reserve as gone so low what can the present administration do
. **** GEJ handed over 30plus something billion dollars in foreign reserves to PMB, 2B usd in ECA. Because of lack of technique and economic policy they blocked international trade by stopping currency transfer, thinking that is the way to increase but ended up killing businesses, sending away foreign investors and yet the foreign reserve has been depleted to about 28billion dollars. Illiteracy and ignorance is deadlier than HIV, Ebola and Lassa fever joined together.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by franklingud(m): 9:29am On Jan 18, 2016
Franklingud: light no dey our street this morning, why?
APC: Blame Jonathan's government.

Franklingud: They said our transformer is bad, and it should be replaced, should I also ask Jonathan's government to fix it?
APC:........ emmm....... maybe!

Franklingud: thunder wey go fire u dey for gym! angry
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by sammhi(m): 9:34am 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.
how much will GEJ have saved so you can survive? I guess Saudi didn't save too? There is a limit to saving ...and he did saved ...but why are you crying over spilled milk ? move on my friend and if you lack ideas then allow someone else. period
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by momentoftruth: 9:34am On Jan 18, 2016
PassingShot:
The ECA is another kettle of fish. It's been revealed that those who insisted on sharing it based their arguments on the fact that the account was being depleted without their knowledge. It was always being looted so to say. So, we can't blame them for their stand. And what happened to FG's share?
The FR was supposed to be control by CBN but we've known that GEJ turned it to his and PDP's ATM by just writing to Emefiele to release dollars to ONSA and co. Hence, Soludo said Jona ran CBN like Idi Amin of Uganda.

Have you been around and following the news?
in other words, you can't blame them for sharing the money?
hahaha see defense.


from your statement, the account would have still been looted, meaning administrations before Gej, looted them hahaha see indictment


remember most of these people from 1999-2011 are now the ones calling shots in APC


may you receive sense, may the spell casted on you end now,


may your hate for Gej subside …


i pray for the day APC miscreants will be delivered.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by wolu4: 9:35am On Jan 18, 2016
The best way to stop this blame game is to give the office back to GEJ cause he was aware of what was coming and had plans on how to tackle it. PBM/APC was busy shouting change and never had plans on how to make that change a reality. They just wanted to be the ruling party. they are there with no plans, looking for who to put blame on. Am very sure if Oga Jona had won, our country will not b experiencing financial crisis this much cos he knew oil price was going to drop.before he left he tried to divert our attention back to agriculture which was our major source of income before oil was discovered. My advise to PBM/APC is "give the office to Jona let him either correct this or destroy it cos it will be very shameful that you sit there and put all the blames on Jona without any effort to solve d problems at hand and allow everything to crash on you.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by koboko69: 9:38am 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!!
Damn!! U guys are shameless liars. niara never exceeded 200? Like seriously? When oil was N50 under GEJ?
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by nobilie:
I am happy there is a change in government but unhappy that the only plan APC had was to take over government from PDP. Look at the track record of the minister of finance.
They only have plans on how to spend national revenue but no plan on how to raise revenue.
States with low IGR are currently looking dead.

Only God can help us.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by tsdarkside(m): 9:43am On Jan 18, 2016
cktheluckyman:
Then go ahead and get him and stop ranting on nairaland!!
whats wroooog with you??....

why are you protecting a criminal??... huh huh huh huh huh
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by micayo(m): 9:46am 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.
For any responsible government, even at all if they met an empty treasury or what have you, the first step would be stabilising the economy and keeping the Naira intact without any further fall instead it keeps falling day by day and you are blaming GEJ who left the position seven or more months ago. Blame GEJ for the missing and ridiculous budget.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Pavarottii(m): 9:47am On Jan 18, 2016
PassingShot:
The ECA is another kettle of fish. It's been revealed that those who insisted on sharing it based their arguments on the fact that the account was being depleted without their knowledge. It was always being looted so to say. So, we can't blame them for their stand. And what happened to FG's share?
The FR was supposed to be control by CBN but we've known that GEJ turned it to his and PDP's ATM by just writing to Emefiele to release dollars to ONSA and co. Hence, Soludo said Jona ran CBN like Idi Amin of Uganda.

Have you been around and following the news?
Gosh! U r so biased wiv ur judgement. It's actually irritating. Every GEJ is bad; Every PMB is good. Without even looking into it.
Gerrarahere...
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by buchai: 9:47am On Jan 18, 2016
if you know that you are not qualify as a minister to serve under this present government blame GEJ/PDP you will be qualify immediately.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by princejayboss: 9:48am On Jan 18, 2016
minifuworld:
dont you know that its our external reserve that GEJ is using to defend the dollar then and that is we citizens dont feel it much but now that the external reserve as gone so low what can the present administration do
People eh .... So when they were promising to build a mansion In the sky... They don't know how much we have .... Is a shame that but literate follow the illiterate foolishly
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by perrychemical: 9:48am 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!!
pls go and have understanding
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by Nobody: 9:48am On Jan 18, 2016
minifuworld:
dont you know that its our external reserve that GEJ is using to defend the dollar then and that is we citizens dont feel it much but now that the external reserve as gone so low what can the present administration do
What they should do is to keep quiet & deliver on the mandate,rather than wailing like a whale #Lie Mohammed
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by mobaladf: 9:48am On Jan 18, 2016
How sure say na him
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by DANWEALTHY(m): 9:52am On Jan 18, 2016
Is only a fool that keep blaming his wife when His gate falls
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by maasoap(m): 9:53am 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..
The money that was disappearing on daily basis. FG under Jonathan was unilaterally withdrawing money from the ECA without governors' consent.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by CyberWolf: 9:57am On Jan 18, 2016
maasoap:
The money that was disappearing on daily basis. FG under Jonathan was unilaterally withdrawing money from the ECA without governors' consent.
thats a fat lie... Provide your evidence..
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by DONDALA(m): 10:01am 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.
that's the fact, but still wailers will not like to hear that.
Re: Fall Of Naira, Economy: Blame Jonathan, Says APC - Vanguard by sunnyuche1(m): 10:04am On Jan 18, 2016
minifuworld:
dont you know that its our external reserve that GEJ is using to defend the dollar then and that is we citizens dont feel it much but now that the external reserve as gone so low what can the present administration do
Bin.go angry
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