The public discourse is dominated by the poor state of the economy with many opponents of the present government of President Muhammadu Buhari seemingly relishing what they perceive as his failure to run the economy which they claim is the source of our current recession.

However, a short look at our immediate past shows that former President Goodluck Jonathan actually presided over running the Nigerian economy aground during his tenure which largely favourable global economic conditions.

Read this report from last year :

maclatunji:


Nigerian govt borrowing billions to pay salaries – Okonjo-Iweala

In the face of dwindling oil revenues, Minister of Finance, Ngozi Okonjo-Iweala, said the Federal Government has borrowed about N473billion to pay salaries and fund the 2015 budget.

The Minister, who was speaking in Abuja on the details of the N4.493trillion appropriation already passed by the National Assembly, said the federal government had to raise its borrowing level from N570 billion to N882 billion to enable it meet its financial obligations to workers and contractors.

The minister blamed it on the decline in oil revenue in late 2014, which accounted for 50 per cent cut in the total federally collectible revenue as well as the low revenue receipts from non-oil sources.

Despite past efforts to reduce government borrowing level, she said the acute cash flow problems forced government to take the decision to curb the negative impact of revenue crunch.

The Minister said about N380billion came from external sources, while the balance is for domestic borrowing.
“We have tried to work within the budget,” she said. “Last year, the borrowing came down to about N570 billion. But, this year, because of the very difficult cash flow situation, we have provided N882billion in borrowing.

“About N380billion of that is external borrowing and the balance of N502 billion is for domestic borrowing. All we have borrowed so far is N473billion, which is within the budget.”

Contrary to recent reports that there was no provision in the budget for fuel subsidy, Mrs. Okonjo-Iweala said the lawmakers actually made a provision in the budget for about N100 billion for petrol and another N45.52 billion for household kerosene fuel subsidy.

Although President Goodluck Jonathan is yet to sign the 2015 Appropriation Bill into law, Mrs. Okonjo-Iweala said the expenditure so far made was legal, as the constitution authorises the government to incur such expenses within the first six months of a fiscal year.
She said the final budget of N4.493tillion approved by the National Assembly was higher by N51billion than the N4.425trillion draft Appropriation submitted by the President last year.

The minister added that gross federally collectible revenue increased by N169.84bn, from N9.61tn to N9.78tn as a direct result of raising the benchmark price.

Meanwhile, the Minister on Wednesday denied that Federal workers were owed salaries, saying workers’ salaries have been up to date till April.

The spokesperson to the Minister, Paul Nwabuikwu, said the difficulty in salary payment was being orchestrated by some governors, who are trying to blame the Federal for their predicament.

“The 50 per cent drop in revenues, which affects allocations through the Federation Accounts, simply means that salaries should be prioritized”, Mr. Nwabuikwu explained.

http://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

So, the 2015 budget which was done by GEJ 's administration was financed from borrowing, what happened to all the revenues raised in the previous 3-4 years under him?

Do people think we will just stroll out of GEJ's mess like that? The man did not only fail economically but he also empowered militants that are now sabotaging the economy, he also failed to decisively tackle Boko Haram until few months before leaving.

It is only an hypocrite that will blame the present government for our problems, it is doing a lot to stabilize a bad situation.

More blame game

I wonder when this govt will wake up to its responsibilities and stop blaming the past administration.
Anyways, 2019 is closeby

This op has just woke up.

The 2015 budget was not financed by borrowing, 800 billion out of 4.5 trillion is less than 20 percent of the budget, so stop exaggerating .

On the other hand, Buhari is borrowing over 2 trillion Naira to find the 2016 budget.

Tunji Tunji Tunji!! GEJ is no longer in power.You already told us all this thrash before the last elections.Buhari has been president for the last fifteen months now.Nigerians want to hear when and what buhari is doing to salvage the economy

I laugh in Swahili...

Operation defend your plate of Aisha's rice...





Nigerians still waiting for the canceled CHANGE.

You're not really making any sense Mr man. Is there anything wrong with the federal government borrowing? If GEJ could borrow to save the country from economic hardship, why is Buhari doing the same?

Anybody who knows Nigeria situation b4 get would understand that buhari is performing miracle.

emeijeh:
More blame game

Yes,, to solve a problem, you identify itts cause first, then you provide solutions. If you attribute the problem to the wrong causes, you will never solve it effectively.

That is what opponents of the Buhari administration want Nigerians to do, we will educate people and they will understand the dynamics at work.

President Buhari and his cabinet have the capacity to restore Nigeria to the path of inclusive economic growth and development but we the people need to be patient and support their reforms.

It is time to isolate the Purveyors of Hate (POHs) and move Nigeria forward.

Obasanja did run the economy aground before Yaradua took over, Yaradua didn't run the economy aground before Jonathan took over, Na Jonathan run the eonomy before Buhari took over.

Stewpid people, keep on blaming Jonathan, when you know you have an illiterate and a tribal bigot as president

If GEJ employed militants to sabotage the economy.Thank God a new sheriff is in town.Buhari is now the commander in chief of Nigeria,'s Armed Forces and should crush them!!! It is sad to see a so called army General whining like a baby!! That's why it's always good to have all the qualifications before entering the army.

Shebi when GEJ cried out his govt was been sabotaged by Boko Haram, some of you said he was weak.Abeg ask your new sheriffat to crush the avengers

onnenka:
The 2015 budget was not financed by borrowing, 800 billion out of 4.5 trillion is less than 20 percent of the budget, so stop exaggerating .

Why borrow at all when you are coming from a period of affluence?

I will tell you why: the overwhelming majority of the revenues raised under GEJ was stolen. A conservative estimate would be N1 trillion.

cktheluckyman:
If GEJ employed militants to sabotage the economy.Thank God a new sheriff is in town.Buhari is now the commander in chief of Nigeria,'s Armed Forces and should crush them!!! It is sad to see a so called army General whining like a baby!! That's why it's always good to have all the qualifications before entering the army.

Shebi when GEJ cried out his govt was been sabotaged by Boko Haram, some of you said he was weak.Abeg ask your new sheriffat to crush the avengers

Which kin fake army General u dey talk about?

Hope no be d dullardihno inside the 'Rock'?

wecan:
Obasanja did run the economy aground before Yaradua took over, Yaradua didn't run the economy aground before Jonathan took over, Na Jonathan run the eonomy before Buhari took over.

Stewpid people, keep on blaming Jonathan, when you know you have an illiterate and a tribal bigot as president

Hahaha Abacha ran it aground before Obasanjo, Babangida ran it aground before Abacha, Buhari ran it aground before Babangida, the blame game goes on.

These guys don't know how foolish they sound.

cktheluckyman:
If GEJ employed militants to sabotage the economy.Thank God a new sheriff is in town.Buhari is now the commander in chief of Nigeria,'s Armed Forces and should crush them!!! It is sad to see a so called army General whining like a baby!! That's why it's always good to have all the qualifications before entering the army.

Shebi when GEJ cried out his govt was been sabotaged by Boko Haram, some of you said he was weak.Abeg ask your new sheriffat to crush the avengers

That will happen, but you know you and your likes are obvious liars. People like me campaigned vigorously for GEJ to take action against Boko Haram but he refused until about a month to elections that were postponed to help him win.

Rather than being a victim of Boko Haram, GEJ was a facilitator of their rise by not properly addressing them. Under the late Yar'adua Boko Haram came into prominence and were crushed.

Stop bring deceitful, it helps not your cause.

maclatunji:


Why borrow at all when you are coming from a period of affluence?

I will tell you why: the overwhelming majority of the revenues raised under GEJ was stolen. A conservative estimate would be N1 trillion.

If Jonathan was stealing that much when oil price was $70 and the economy kept growing, there was still some money left to execute projects, why is Buhari that is not stealing anything still complaning about oil price?

maclatunji:


Why borrow at all when you are coming from a period of affluence?

I will tell you why: the overwhelming majority of the revenues raised under GEJ was stolen. A conservative estimate would be N1 trillion.

Enough of these puerile excuses Buhari looted before IBB, IBB looted before Abacha, Abacha looted before Obj,OBJ looted $16billion power sector funds before Yaradua and GEJ!!? Buhari should get to work and quit making excuses

onnenka:
Hahaha Abacha ran it aground before Obasanjo, Babangida ran it aground before Abacha, Buhari ran it aground before Babangida, the blame game goes on.

These guys don't know how foolish they sound.

GEJ sent soldiers to battle without bullets that is how deep his ineptitude and corruption was. His corruption with that of his government made past leaders look like saints.

Former President Obasanjo said as much in his letters to GEJ.

We know where GEJ took us, no amount of spinning can change the facts.

maclatunji:


It is only an hypocrite that will blame the present government for our problems, it is doing a lot to stabilize a bad situation.

Cognitive dissonance is a terrible terrible thing.

You feel sooooo embarrassed by the less than dullard performance of your Messiah, whose fake medicines have long expired, that on a daily basis, you have a compulsion to blame a government that left office 15 months ago.
What a great shame.

I'm having a lot of fun laughing at you, because, in another 15 months, you'll still be blaming GEJ.

This, of course, clearly shows that neither you nor your pretended Messiah understand anything about leadership and taking responsibility.

Typical Afonja trying all his tricks to defend his 97% masters by putting the blame on the glorious 5% free people

cktheluckyman:

Enough of these puerile excuses Buhari looted before IBB, IBB looted before Abacha, Abacha looted before Obj,OBJ looted $16billion power sector funds before Yaradua and GEJ!!? Buhari should get to work and quit making excuses

You see how dubious you are. At least you are admitting GEJ was a looter, don't wail over the results of his looting

onnenka:
If Jonathan was stealing that much when oil price was $70 and the economy kept growing, there was still some money left to execute projects, why is Buhari that is not stealing anything still complaning about oil price?

Me sef I tireooo.When people were "stealing " the economy was doing well, how come now that we have "saints " in power everything has crumbled

maclatunji:


GEJ sent soldiers to battle without bullets that is how deep is ineptitude and corruption was. His corruption with that of his government made past leaders look like saints.

Former President Obasanjo said as much in his letters to GEJ.

We know where GEJ took us, no amount of spinning can change the facts.

So where did the soldiers get the bullets they have been using and still using from? Stop jumping from one rubbish to the other, someone reading the title of the thread would have thought you had something reasonable to say.

maclatunji:


You see how dubious you are. At least you are admitting GEJ was a looter, don't wail over the results of his looting

I am yet to see where said categorically GEJ is a looter.But the fact remains that our ex leaders including the current president stole our country dry yet the economy was never as bad as it is today

plaetton:


Cognitive dissonance is a terrible terrible thing.

You fee sooooo embarrassed by the less than dullard performance of your Messiah, whose fake medicines have long expired, that on a daily basis you have a compulsion to blame a government that left office 15 months ago.
What a great shame.

I'm having a lot of fun laughing at you, because, in another 15 months, you'll still be blaming GEJ.

This, of course, clearly shows that neither you nor your pretended Messiah understand anything about leadership and taking responsibility.

Of course you will laugh because you are parochial. Even GEJ cannot come out to say: 'don't blame me '. He knows the evidence that will come out will be damming and he and his wife for starters will find it difficult to stay in Nigeria talk less of being relevant politically.

#Hehehehehe

Keep defending a man that his scurrying about trying to prevent his guilt from being exposed to the maximum.

maclatunji:


GEJ sent soldiers to battle without bullets that is how deep is ineptitude and corruption was. His corruption with that of his government made past leaders look like saints.

Former President Obasanjo said as much in his letters to GEJ.

We know where GEJ took us, no amount of spinning can change the facts.

Now that the new sheriff is in power, he should send the soldiers to crush the avengers and stop ranting like a woman

onnenka:
So where did the soldiers get the bullets they have been using and still using from? Stop jumping from one rubbish to the other, someone reading the title of the thread would have thought you had something reasonable to say.

If you ask me, na who I go ask? #Yeye

Why were soldiers sentenced to death for refusing to fight without equipment under GEJ?

Show us clear evidence on how buhari intends to revamp our economy. Thats what we need, haba it's over one year now gej this and that.

maclatunji:


Of course you will laugh because you are parochial. Even GEJ cannot come out to say: 'don't blame me '. He knows the evidence that will come out will be damming and he and his wife for starters will find it difficult to stay in Nigeria talk less of being relevant politically.

#Hehehehehe

Keep defending a man that his scurrying about trying to prevent his guilt from being exposed to the maximum.

Your title said clear evidence yet you have not provided any!!! I am out of these stupid thread.Got better things to y

cktheluckyman:
If GEJ employed militants to sabotage the economy.Thank God a new sheriff is in town.Buhari is now the commander in chief of Nigeria,'s Armed Forces and should crush them!!! It is sad to see a so called army General whining like a baby!! That's why it's always good to have all the qualifications before entering the army.

Shebi when GEJ cried out his govt was been sabotaged by Boko Haram, some of you said he was weak.Abeg ask your new sheriffat to crush the avengers

He's actually not the one doing the whining it's his unflinching supporters that are doing the whining. I supported Buhari in the last election and I still support him as my president for selfish reasons. If he succeeds, Nigeria succeeds, I succeed. However, enough of the blame game. The government won't be motivated to move forward and act quickly if they feel their supporters are still blaming the previous administration. Now there's nothing wrong in telling the truth, yes this mess was carried over but please as much as they're talking about who created the mess, more should be talked about what they're doing to fix it and get out of the mess. This government needs to give details, timelines, plans of how they plan to fix the mess. This is the reason they got elected. We that supported them were not satisfied with the previous government but we voted the new government to fix the mess not point out what we know.

Now for the avengers, let's be honest, the FG is treating them with kid gloves only because they're worried about the backlash. The avengers know this and they're taking advantage of it. However, what are the laws on bringing in gas into the country. If gas can be imported, let's do that to service these power plants. If after that the avengers want to get high off the gas that's wasting away let them feel free.