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Nairaland Forum / Nairaland / General / Politics / How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today (38925 Views)
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Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by poiZon: 11:02pm On May 24, 2016 |
FOLYKAZE: 2months ago the sgf babachir lawal said the fg is borrowing 600billion naira to pay salaries, so ur first lie is cancelled. buhari blocked loopholes but still travel to china for loans. stealing is corruption, its a pity we now have semi literates as graduates. buhari is not corrupt but devalued naira technically without informing nigerians esp zombies like u. once again gej was bad cos he stole niger delta oil money n not groundnut abi cocoa proceeds, buhari is worse cos he loots oil money from niger delta without d money showing in him. buhari is a useless, lanky, thin, tiny zombified thief. 2 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by Ariani: 11:03pm On May 24, 2016 |
koboko69: Obama was never a failure. He turned US economy around. He never hid behind Bush failures to hide his own incompetence. He was competent and delivered. Buhari on the other hand, up till now has been an epitome of failure. 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by koboko69: 11:09pm On May 24, 2016 |
Ariani: Mtcheeeeew. Typical of ekpas. Now i provided a link to back up my arguments, this is what u can put forward? I guess Obama transformed the economy in one year . How u people reason baffles me. Comparing Obama who is about leaving the white house after how many years? With Buhari who will just be in 1 year in office May 29. You better shift! 3 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by Etern: 11:17pm On May 24, 2016 |
Igbiboi: Must you insult someone before driving home your points? 2 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by musachara: 11:27pm On May 24, 2016 |
plaetton: Bros! sentiments aside, the GEJ led gov't have been clamoring for senseless loans. i can remember clearly when some were rejected by the legislators after previous being approved. my point is, what is the loan for when your economy is not threatened? neither were they sensible enough to save for rainy days. rumor has it that they were preparing for more borrowing when the crude price suddenly crash. Now ask yourself this simple question, how would this country be if the PDP led gov't won the seat of power and lead for some few years with poor value for our resources (oil), taking cognisance the nature of there excesses with public funds? Buhari isnt the best but at the moment he is trying to save the country. i cant say he is doing well with aggresive measures being taking so far, neither can i say he's doing Bad but rather, i am confident that he's giving his best withing his abilities and NONE is for self interest. i drop my pen! |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by Ariani: 11:30pm On May 24, 2016 |
koboko69: Right from the start, Obama always looked a bright prospect and he hit the ground running fast and furious. First one year of an administration gives an insight of what the administration will achieve,as its the stage of policies formulation. Everything about Buhari government have failure written all over it, and the more he fails, the more he would draw attention to perceived GEJ shortcomings to deflect attention on his incompetence, not that he needs to do that anyway, as his fanatics would support him no matter what. 2 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by Etern: 11:31pm On May 24, 2016 |
Why is there scarcity of dollars in Nigeria? Simply put Nigeria is not earning enough dollars to go around. Why is Nigeria not earning enough dollars like before? Nigeria's primary source of dollars is crude oil and the prize is down at the moment. Was there a time the crude oil prize was high? Yes it averaged $130 for over five years. What did Nigeria gain from the high prize? It is obvious that Nigeria did not save for the rainy day like other oil producing countries including Venezuela etc. To be continued... 3 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by koboko69: 11:51pm On May 24, 2016 |
Ariani: U Started with Obama never blamed Bush, i gave u facts, now u are singing a different song from your own imaginations. O have no time for this....plz excuse me 2 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by wordychap: 12:12am On May 25, 2016 |
koboko69:Let's look at d subsidy claim point; on y it rose to 2trillion Even this govt. realises it can't fight corruption in subsidy payments, its best to remove it, GEJ in 2012 tried removing it but was resisted vehemently. One thing d last govt. solved was d intermittent fuel scarcity that used to plague d country, but doing that came at a cost At high crude price, u'll expect fuel price to rise cuncurrently n so did subsidy claims per litre of fuel. Statistics gave daily consumption of 40 to 70 million litres/d, do d maths on subsidy claims for a year. Why couldn't they save much? I guess much money was spent on d Power project; building power plants etc n d North East was virtually at war; that was a problem inherited from the yaradua regime by d killing of Mohammed Yusuf, Nigeria never experienced such insurgency so it cost a lot in terms of logistics, equipments etc (d govt.; NE, was truly made ungovernable). By d time elections came, voting could take place even in villages in Maiduguri; so d battle had largely been won before handover. Also d foreign reserve was used to defend d naira through those periods n d ECA was shared to d different state governors; d last time I checked d case was even in d supreme court. I'm not praising d past govt., but they did what they could considering d prevailing challenges at d time. Now this government has come in, tell me things haven't gone bad? Nigeria is in recession already! The past govt. foresaw hard times n warned ahead of time, even making plans to combat it by introduction of IPPIS n TSA which would help reduce recurrent expenditure n block leakages. With d introduction of TSA n oil price of 48 dollars a barrel we shouldn't be in this state if d right economic policies r put in place but we r faced with a situation were there's galloping inflation, retrenchement of federal govt.staff, payment of half-salary to some staff, not to talk of states owing months of salary, power supply at an all time low. We ought to hold d government responsible for what we're going through, there's not much burden on d government like it is in other countries where they provide light, water, gas etc to d citizens. This govt. met oil production at 2.2 m barrels/day n due to wrong policies caused it to crash to 1.4m b in this auster times. Where r we heading to? projections from analysts aren't encouraging n we expect them to sit up, get a good economic team in place n get things moving. 3 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by OlujobaSamuel: 12:41am On May 25, 2016 |
plaetton:and you think the previous finance minister that used 4years played no role? cbn(soludo) played no role? as opined by a poster on this thread, often times, arguments on this platform is useless because we are just too unusually sentimental to a cause, without considering either it's right or wrong, probably due to ethnicity, religious beliefs or political affiliation. No one is taking away anyone's credit, but you can't prove it to me that she turned a battered economy around under 3years without recourse to the actions of a predecessor that used 4years uninterrupted, if you claim why was he not reappointed, then we can then ask why was she redeployed, we can also go further to ask why such prowess could not be replicated when given another opportunity with freedom to set things at her own pace? so many questions you know you can't provide answers for 3 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by saintfederic: 12:53am On May 25, 2016 |
FOLYKAZE:this is crap. 5yrs of Gej Nigeria only had good records economically he never drove us to recession like buhari has. Buhari is a terrible manager because he terribly managed the economy and has SUCCESSFULLY distributed POVERTY. if six years abi five years of Gej Nigeria wasn't"swept" away what ll make us think it would have been"swept" away? Buhari is killing us take it or leave it |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by saintfederic: 12:54am On May 25, 2016 |
koboko69:in Obama's first year Americans didn't suffer like this 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by wordychap: 12:55am On May 25, 2016 |
Etern:Crude price rises n falls but averaged 99 dollars between 2010 and 2014 (5yrs) check your data, this exagerations wouldn't help http://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/ By 2015 it had dropped to 49 dollars (averaging 90 dollars btw 2010 to 2015) D Excess Crude Account was shared to d different state governments, hold your state governor accountable, mine made reasonable use of it in d state. 2 Likes 1 Share |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by plaetton: 1:02am On May 25, 2016 |
OlujobaSamuel: If Buhari turns the economy around any time soon, will he and his minister of finance not take credit for it , irrespective of what previous groundworks laid by previous administrations before him? I don't really know what your argument is about. And then you talk about being sentimental ? Give credit where and when it is due and likewise apportion blame where and when it's due. She was deployed because she disagreed with Obasanjo on some fundamental economic issues. She has said that much. OBJ has said that much. Just last month or so, in his latest book, OBJ said that NOI was first consideration for Buhari's running mate, to help Buhari run the economy, but that she politely declined. If that is not a vote of confidence by a person in the know, then I don't know what is. 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by Babacele: 5:46am On May 25, 2016 |
plaetton:I have challenged many of you Wike puppets ,cos his propaganda has clearly destroyed una reasoning, to expose or take Amaechi who no longer enjoy any immunity to court but you folks are scared to hell of what I do not know. With all the pre -election boastings n chest beating by Wike of locking the air,water,land of Rivers to capture a -would- be escaping Amaechi thereby painting a false Robbin Hood scene in the minds of unthinking lads like you, one would have thought that Houdini would have been bold enough to take Amaechi to law courts not the kangaroo arrangement that 1 of the chairpersons has discredited openly as Wike's smear tool . Why is Wike n you educated buffyies afraid to approach the courts with una ' evidence' as a SERAP is doing to Okonjo Iweala n d FG using the FOI leeway presently? can't you take EFCC to court if he is foot dragging in investigating Amaechi? we give you the go-ahead , embarrass the president and this government with incontrovertible evidences of Amaechi's misdeeds, not some watery insinuations and bogey allegation a rogue governor employs to gag your thinking. Cowards! 2 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by Babacele: 5:53am On May 25, 2016 |
plaetton:NOI ran the economy well indeed! Economics without character a la NOI. She is the most wonderful economist and Finance Minister ever liveth who supervises the greatest and most heinous heist on her country! you can't erase that from her résumé, can you? 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by honeychild(f): 7:11am On May 25, 2016 |
plaetton: So all this your noise from front page has been because the OP lumped external debt and internal debt together na wah for nitpicking o. For me the point of the OP was that [/b]we had a large Excess crude account during the past 6-8 years which the previous government had been relying on to cushion the effect of the harsh economic environment.[b] Now that is gone, so we have no cushion. Do you disagree with this point? |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by OlujobaSamuel: 7:18am On May 25, 2016 |
plaetton:am not denying her of any credit. 2. I never said she was redeployed because she was incompetent, I gave a premise start with "if" 3. obj was talking about 2011 election not 2015. kindly read and understand, you are bringing up issues not expressed nor implied in my comment. 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by honeychild(f): 7:24am On May 25, 2016 |
wordychap:[/b]50%[b] was shared to state governors. What happened to the rest |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by koboko69: 7:31am On May 25, 2016 |
saintfederic: Abeg u guys should shift. What kind silly comparison is this. Comaparing a developed country to a developing country |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by koboko69: 7:36am On May 25, 2016 |
honeychild: God bless u o. I have repeatedly said this. He rather have been abusing and trying to be smart with words. I even asked, weather lumped or not, was the debt inherited? Asides that, i asked why he is deliberately shifting focus from the main point of the thread and keying in to only the debt aspect, he started rolling around again. Am not wasting my time with him anylonger. He eveb did hisnoen censors, as per why subsidy claims ballooned from 320bn dollars to 2 trillion naira. 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by wordychap: 7:53am On May 25, 2016 |
honeychild:The law mandates that proceeds of ECA be shared That's y d Governors took d FG to court n insisted that ALL of it be shared: NOI n GEJ pleaded that only 1b dollars be shared but they refused. At d end it was All shared. 2 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by prince088: 8:36am On May 25, 2016 |
So with all the fire for fire for this thread i just siddon for first page and this thing no hit Fp. Lalasticlala mynd44 super boss seun Dominique wetin happen na? 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by koboko69: 8:48am On May 25, 2016 |
wordychap: Enough of all this abeg. This have been thrashed several times. Govs insisted the money be shared simplu cos Okonjo and Jonathan were dipping their hands into it. Imagine withdrawing a whopping $2bn without the gov's knowledge and claiming Jonathan approved the withdrawal to pay for subsidies. The question still remains, what happened to the FG's Share of 52%. prince088:Maybe its not FP worthy 2 Likes |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by 989900B: 9:00am On May 25, 2016 |
If you are still supporting GEJ admin's perplexing kleptocracy without being a major beneficiary of it, then you are definitely st00pid than 'Pa Jimoh', OTOH, if you did share in the booty, man, I can't fault your hustle. 3 Likes 1 Share |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by wordychap: 9:33am On May 25, 2016 |
koboko69:Go back to d achievements of d GEJ/Sambo regime, things done with d money r too numerous to mention https://www.nairaland.com/2117791/achievements-jonathan-sambo-administration-pictures even at that 2b dollars was left for buhari in ECA and over 1b dollars in SWF 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by koboko69: 10:16am On May 25, 2016 |
wordychap: Oga am tired of senseless back and forth argument. You are just spining up and down without any defined direction. Have a good day! |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by wordychap: 10:28am On May 25, 2016 |
koboko69:Good |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by BRYIAN99(m): 11:34am On May 25, 2016 |
Too long....can't read...! |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by haywire07(m): 11:35am On May 25, 2016 |
Gej is a thief 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by frisky2good(m): 11:35am On May 25, 2016 |
Even if I no pray for you, you will prosper but let me still pray for you. E go beta for you and your family. plaetton: 1 Like |
Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by Nobody: 11:49am On May 25, 2016 |
Stalwert:exactly.. I use to respect the dude in religion section as one of the smart ones.. But politics and tribalism has really brought out the dumbness and ediocy in him He throws logic and facts in to the wind at the alter of bigotry whenever he talks now. 1 Like 1 Share |
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