stephleena:
let them, continue deceiving themselves,when most of them went to bed last night on empty stomachs.. meanwhile buhari is campaigning to become the mayor of London..

people has be going to bed empty stomach since 1960, even more hunger when your ineffectual buffoon received more than 500b dollars oil windfall.

NASTYNASOSO:
Nigeria real net oil export revenue: 2010-2015 (under President Jonathan)

Oil price $110 per barrel average
Stable oil production at 2.4 million barrels per day

2010-$70 billion
2011-$99 billion
2012-$94 billion
2013-$84 billion
2014-$77 billion
2015-$21 billion (January-May)

Total-$445 billion

Source: OPEC Revenue Fact Sheet and Energy Information Administration (EIA), a statistical arm of the US Department of Energy for various years; and my estimates.

Outcomes in 5 YEARS:

a) External reserves declined from $47 billion in 2013 to $29 billion in 2015;
b) Savings depleted from $21 billion in 2010 to $2 billion in 2015.
c) Federal Government borrowed $2 billion to pay salaries.
d) 24 States of the federation bankrupt -could not pay salaries of workers, could not repay debts and other contractual obligations.
e) accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) accumulated contractors debt such that all major construction works stopped.
g) NNPC technically bankrupt.
h) Foreign Direct Investment (FDI) at its all time low. Declined to $3.1 billion in 2015 from $8.8 billion in 2011
i) Nigeria's Credit Rating downgraded
j) Massive capital flight: industries relocating to neighbouring West African countries.

Nigeria real net oil export revenue: 2015-2017 (under PMB)

Oil price $45 per barrel average
Loss of 1.2 million barrels per day due to disruption by the Niger Delta Avengers

2015-$16 billion (June-December)
2016-$26 billion
2017-$10 billion (January-April)

Total-$52 billion

Outcomes:in 2 YEARS

a) External reserves boosted to $31.22 billion from $29 billion in 2015;
b) Savings increased to $2.29 billion from $2 billion in 2015.
c) Federal Government stopped borrowing to pay salaries.
d) 24 States of the federation bailed out- to pay salaries of workers, repay debts and other contractual obligations.
e) Settled fully accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) Settled fully accumulated contractors debt such that all major contractors are now back to site.
g) settled fully oil importers claims amounting to $400 million.
h) NNPC restructured and now solvent and liquid.
i) Foreign Direct Investment (FDI) steadily picking up.
j) Agricultural revolution taken off such that we now have small holder farmers millionaires.
k) Looted funds recovered running into trillion Naira mark and ploughed back into the budget.
l) TSA the plugged loopholes of waste and swindle of public funds, now N4 trillion.
---to mention just a few

Bottom line:

a) Those looking for a magic wand, here it is. Using $52 billion or 12% in TWO years to achieve what Jonathan could not achieve with $445 billion in FIVE years.

b) Only an incorrigible hater will say that Nigeria is not making progress under the PMB administration with the acute resource constraint and the multiplying challenges facing the country.

I rest my case. May PMB/PYO succeed.

OP please explain these to me; is the general rise in the prices of goods and services caused by GEJ? Is GEJ responsible for appointing incompetent ministers like the agric, sport, power, budget and planning ministers etc? How does your analysis explain the massive job loss since your master came on board? What about the high exchange rate and the wrong policies he has been using to try and curtail it? Is the oil price the reason why he has been appointing only his brothers in all the sensitive positions? When will you use your brain to deter that the problem of this nation is not the price of oil but the way your master chose to ignorantly and cluelessly run this Country?

May Nigeria succeed Amen!

Op na olodo...remove 40% that goes to JV...remove NNPC running cost .....remove 40% that goes to state and local gov...the rest is for salaries of civil servant and capital projects...so how can your bogus billion go missing ??

MendeZ:



OP please explain these to me; is the general rise in the prices of goods and services caused by GEJ? Is GEJ responsible for appointing incompetent ministers like the agric, sport, power, budget and planning ministers etc? How does your analysis explain the massive job loss since your master came on board? What about the high exchange rate and the wrong policies he has been using to try and curtail it? Is the oil price the reason why he has been appointing only his brothers in all the sensitive positions? When will you use your brain to deter that the problem of this nation is not the price of oil but the way your master chose to ignorantly and cluelessly run this Country?

why are you reasoning like this

deji68:
Op na olodo...remove 40% that goes to JV...remove NNPC running cost .....remove 40% that goes to state and local gov...the rest is for salaries of civil servant and capital projects...so how can your bogus billion go missing ??

Remove figures from both cases (GEJ's & Bubu's), it is still glaring.

Almost $500b for salaries in 5 yrs? Wtf?

MendeZ:



OP please explain these to me; is the general rise in the prices of goods and services caused by GEJ? Is GEJ responsible for appointing incompetent ministers like the agric, sport, power, budget and planning ministers etc? How does your analysis explain the massive job loss since your master came on board? What about the high exchange rate and the wrong policies he has been using to try and curtail it? Is the oil price the reason why he has been appointing only his brothers in all the sensitive positions? When will you use your brain to deter that the problem of this nation is not the price of oil but the way your master chose to ignorantly and cluelessly run this Country?

Choi, see comment.

Dis one sef go school.

So if u remove all those percentages u still get 500 billion...voodoo math

LionDeLeo:

Remove figures from both cases (GEJ's & Bubu's), it is still glaring.

Almost $500b for salaries in 5 yrs? Wtf?

MendeZ:



OP please explain these to me; is the general rise in the prices of goods and services caused by GEJ? Is GEJ responsible for appointing incompetent ministers like the agric, sport, power, budget and planning ministers etc? How does your analysis explain the massive job loss since your master came on board? What about the high exchange rate and the wrong policies he has been using to try and curtail it? Is the oil price the reason why he has been appointing only his brothers in all the sensitive positions? When will you use your brain to deter that the problem of this nation is not the price of oil but the way your master chose to ignorantly and cluelessly run this Country?

HMMMNN


HONESTLY YOU ARE THE CLUELESS ONE.
ECONS FOR DUMMIIES
THE VALUE OF YOUR CURRENCY IS A PRODUCT OF THE BALANCE OF YOUR IMPORT VS EXPORT.
NIGERIAS MAJOR EXPORT IS CRUDE OIL AND ITS VALUE JUST CRASHED LIKE HELL.
NIGERIA IS AN IMPORT RELIANT NATION THAT IS NOT PRODUCING MUCH BUT JUST IMPORTING EVERYTHING.
BOW DO THE MATHS AND TELL ME WHY THE NAIRA SHOULD NOT CRASH.
NOW MR WAILER WHAT ARE YOUR KEY PERFORMANCE INDICATORS FOR THESE MINISTERS TO RENDER THEM INCOMPETENT.
ALSO WHEN LAST DID YOU CHECK THE LIST OF THE PRESIDENTS APPOINTMENTS VS REGIONS OF ORIGIN.
FACTS DONT LIE

deji68:
So if remove all thsie percentages u still get 500 billion...voodoo math

Now remove those percentages from the over $50b as well.

Common sense shouldn't be a scarce commodity.

LionDeLeo:

Choi, see comment.

Dis one sef go school.

You are a certified zombie
No need responding to you

MendeZ:



You are a certified zombie
No need responding to you

That is just all, nothing more, typical.

Common sense shouldn't be a scarce commodity.

500 billion 50billion...think u are confused...

LionDeLeo:

Now remove those percentages from the over $50b as well.

Common sense shouldn't be a scarce commodity.

deji68:
500 billion 50billion...think u are confused...

Typical of accusing others of what they swim in.

Remove those percentages from the following

Total- $445b (gej)

Total-$52 billion (pmb)

Who is confused here?

If Osinbajo succeed, Buhari succeeds.
We want full autonomy for 36 Productivity, Costs and Incomes Centres to correspond with the existing 36 state structure.

Well u didnt read what i wrote..from 445 billion...remove all the percentages the rest are used to pay salaries and capital projects...if Buhari earn 52 billion from your bogus calculation he is borrowing to augument the shortfall.....that is why have a very high debt profile under Bubu...comprendo??

LionDeLeo:


Typical of accusing others of what they swim in.

Remove those percentages from the following

Total- $445b (gej)

Total-$52 billion (pmb)

Who is confused here?

deji68:
Well u didnt read what i wrote..from 445 billion...remove all the percentages the res i used to pay salaries and capital projects...if buahrai earn 52 billion from your bogus calculation he is borrowing to augument the shortfall.....that is why have a very high debt profile under Bubu...comprendo??

If it makes sense to remove percentages from $445b, why shouldn't same be applicable to $52b? Which kind reasoning be dis sef?

Also, what depleted the foreign reserve? The money spent in the regime wasn't just the income, even the reserve was squandered, and effort is being made to raise same reserve fro this same $52b.

all the percentages are fixed doesnt matter if u are Buhari or Jonathan, ..foreign reserves are used to shore up the naira... u cant steal foreign reserve ....beyond ur reasoning power

LionDeLeo:

If it makes sense to remove percentages from $445b, why shouldn't same be applicable to $52b? Which kind reasoning be dis sef?

Also, what depleted the foreign reserve? The money spent in the regime wasn't just the income, even the reserve was squandered, and effort is being made to raise same reserve fro this same $52b.

@Op, I carry yansh give you o, were there no Niger delta avengers during the time of GEJ? And now you are saying 1.2 million barrel of crude is stolen every day out of the 2.2 million bpd, please under whose watch? abi is your sai baba no longer the GCFR? , and you are this gullible to believe the 1.2 million hogwash, do you have an idea how big a vessel that will carry such is, I doubt it.

APC MUST GO...

say no to media propaganda. say no to BMC trying to mumu us..

Jonathan government is corrupt. we know..

but APC is the worst government /party since 1960..

Op we aint buying your shit... because it belong to the past..

the present/ future is the reality..


wicked people.. abi una like as una suffer?

Lion de Leo... alias... Omenka.... no one is here to debate anything with a zombie.... Buhari has to leave that presidential seat, even you must agree with me.... He has achieved nothing......

Killings everywhere
Mismanaged economy
Education sector in shambles
Sports zero....
Corruption still thriving
Boko haram still killing....
Crime rate on the increase....
Increase in cost of goods and services

All these are enough to chase the stickler from power.....

Dlordsamurai:
Your mumu is at the highest, I stayed in lagos mostly during jonathan's time and i was an active listener of radio stations like brilla fm and the rest, and all operated 24/7. "SO i wonder where you get your news from.

It's true, prior to GEJ handing over the PMB, the nation was on the verge of shutting down.

Banks were closing early, AtMs were short of cash, some radio stations were closing early.

We're you in Nigeria at all that period?

GEJ finished this nation. The facts are there for all to see apart from the mentally blind.

NASTYNASOSO:
Nigeria real net oil export revenue: 2010-2015 (under President Jonathan)

Oil price $110 per barrel average
Stable oil production at 2.4 million barrels per day

2010-$70 billion
2011-$99 billion
2012-$94 billion
2013-$84 billion
2014-$77 billion
2015-$21 billion (January-May)

Total-$445 billion

Source: OPEC Revenue Fact Sheet and Energy Information Administration (EIA), a statistical arm of the US Department of Energy for various years; and my estimates.

Outcomes in 5 YEARS:

a) External reserves declined from $47 billion in 2013 to $29 billion in 2015;
b) Savings depleted from $21 billion in 2010 to $2 billion in 2015.
c) Federal Government borrowed $2 billion to pay salaries.
d) 24 States of the federation bankrupt -could not pay salaries of workers, could not repay debts and other contractual obligations.
e) accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) accumulated contractors debt such that all major construction works stopped.
g) NNPC technically bankrupt.
h) Foreign Direct Investment (FDI) at its all time low. Declined to $3.1 billion in 2015 from $8.8 billion in 2011
i) Nigeria's Credit Rating downgraded
j) Massive capital flight: industries relocating to neighbouring West African countries.

Nigeria real net oil export revenue: 2015-2017 (under PMB)

Oil price $45 per barrel average
Loss of 1.2 million barrels per day due to disruption by the Niger Delta Avengers

2015-$16 billion (June-December)
2016-$26 billion
2017-$10 billion (January-April)

Total-$52 billion

Outcomes:in 2 YEARS

a) External reserves boosted to $31.22 billion from $29 billion in 2015;
b) Savings increased to $2.29 billion from $2 billion in 2015.
c) Federal Government stopped borrowing to pay salaries.
d) 24 States of the federation bailed out- to pay salaries of workers, repay debts and other contractual obligations.
e) Settled fully accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) Settled fully accumulated contractors debt such that all major contractors are now back to site.
g) settled fully oil importers claims amounting to $400 million.
h) NNPC restructured and now solvent and liquid.
i) Foreign Direct Investment (FDI) steadily picking up.
j) Agricultural revolution taken off such that we now have small holder farmers millionaires.
k) Looted funds recovered running into trillion Naira mark and ploughed back into the budget.
l) TSA the plugged loopholes of waste and swindle of public funds, now N4 trillion.
---to mention just a few

Bottom line:

a) Those looking for a magic wand, here it is. Using $52 billion or 12% in TWO years to achieve what Jonathan could not achieve with $445 billion in FIVE years.

b) Only an incorrigible hater will say that Nigeria is not making progress under the PMB administration with the acute resource constraint and the multiplying challenges facing the country.

I rest my case. May PMB/PYO succeed.

You don't understand how government works. Oil revenue isn't the money used to fund projects. It's not like a house where what you earn is directly related to the food, clothes and car you buy. So stop writing nonsense. Nations don't work the same way.

For instance capital projects like the trains built are built around the revenue they'll generate and that's how many such projects are funded.

You also fail to capture the overall growth in GDP in nigeria, as well as the growth in the non oil sector. So oil dropped ? How's that explain the recession we find ourselves in? What explains the massive devaluation of the naira and the inflation that puts food prices out of reach for many.

Your narrow minded obsession with oil prices is the very problem of nigeria. Even with obj oil prices were even lower that now. Why wasn't the economy this bad. In fact it was also a very fast growing economy. Also managed by NOI. Bottom line is your Buhari always destroys the Nigerian economy.

Finally note your figures on the oil prices are wrong. You pick the highest price in a given year and calculate the barrels supposedly earned with fake numbers. Not only does the prices of oil vary greatly even within a year so does the amount of oil produced. For instance oil is being pumped at 2.2 million barrels and there is zero avengers interruptions. So please don't come here lying or trying to misinform people

LionDeLeo:
Remove figures from both cases (GEJ's & Bubu's), it is still glaring.
Almost $500b for salaries in 5 yrs? Wtf?

40% of 500 is 500 weldone

baralatie:

40% of 500 is 500
weldone

Don't get too worked up, I know what I'm talking about.

And fyi, math is an essential tool in my profession, don't start quoting out of context because you do simple arithmetic of percentage.

NASTYNASOSO:
Nigeria real net oil export revenue: 2010-2015 (under President Jonathan)

Oil price $110 per barrel average
Stable oil production at 2.4 million barrels per day

2010-$70 billion
2011-$99 billion
2012-$94 billion
2013-$84 billion
2014-$77 billion
2015-$21 billion (January-May)

Total-$445 billion

Source: OPEC Revenue Fact Sheet and Energy Information Administration (EIA), a statistical arm of the US Department of Energy for various years; and my estimates.

Outcomes in 5 YEARS:

a) External reserves declined from $47 billion in 2013 to $29 billion in 2015;
b) Savings depleted from $21 billion in 2010 to $2 billion in 2015.
c) Federal Government borrowed $2 billion to pay salaries.
d) 24 States of the federation bankrupt -could not pay salaries of workers, could not repay debts and other contractual obligations.
e) accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) accumulated contractors debt such that all major construction works stopped.
g) NNPC technically bankrupt.
h) Foreign Direct Investment (FDI) at its all time low. Declined to $3.1 billion in 2015 from $8.8 billion in 2011
i) Nigeria's Credit Rating downgraded
j) Massive capital flight: industries relocating to neighbouring West African countries.

Nigeria real net oil export revenue: 2015-2017 (under PMB)

Oil price $45 per barrel average
Loss of 1.2 million barrels per day due to disruption by the Niger Delta Avengers

2015-$16 billion (June-December)
2016-$26 billion
2017-$10 billion (January-April)

Total-$52 billion

Outcomes:in 2 YEARS

a) External reserves boosted to $31.22 billion from $29 billion in 2015;
b) Savings increased to $2.29 billion from $2 billion in 2015.
c) Federal Government stopped borrowing to pay salaries.
d) 24 States of the federation bailed out- to pay salaries of workers, repay debts and other contractual obligations.
e) Settled fully accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) Settled fully accumulated contractors debt such that all major contractors are now back to site.
g) settled fully oil importers claims amounting to $400 million.
h) NNPC restructured and now solvent and liquid.
i) Foreign Direct Investment (FDI) steadily picking up.
j) Agricultural revolution taken off such that we now have small holder farmers millionaires.
k) Looted funds recovered running into trillion Naira mark and ploughed back into the budget.
l) TSA the plugged loopholes of waste and swindle of public funds, now N4 trillion.
---to mention just a few

Bottom line:

a) Those looking for a magic wand, here it is. Using $52 billion or 12% in TWO years to achieve what Jonathan could not achieve with $445 billion in FIVE years.

b) Only an incorrigible hater will say that Nigeria is not making progress under the PMB administration with the acute resource constraint and the multiplying challenges facing the country.

I rest my case. May PMB/PYO succeed.

God bless you. This is what people who have sound mind should be saying not what political jobbers are professing.

NASTYNASOSO:
Nigeria real net oil export revenue: 2010-2015 (under President Jonathan)

Oil price $110 per barrel average
Stable oil production at 2.4 million barrels per day

2010-$70 billion
2011-$99 billion
2012-$94 billion
2013-$84 billion
2014-$77 billion
2015-$21 billion (January-May)

Total-$445 billion

Source: OPEC Revenue Fact Sheet and Energy Information Administration (EIA), a statistical arm of the US Department of Energy for various years; and my estimates.

Outcomes in 5 YEARS:

a) External reserves declined from $47 billion in 2013 to $29 billion in 2015;
b) Savings depleted from $21 billion in 2010 to $2 billion in 2015.
c) Federal Government borrowed $2 billion to pay salaries.
d) 24 States of the federation bankrupt -could not pay salaries of workers, could not repay debts and other contractual obligations.
e) accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) accumulated contractors debt such that all major construction works stopped.
g) NNPC technically bankrupt.
h) Foreign Direct Investment (FDI) at its all time low. Declined to $3.1 billion in 2015 from $8.8 billion in 2011
i) Nigeria's Credit Rating downgraded
j) Massive capital flight: industries relocating to neighbouring West African countries.

Nigeria real net oil export revenue: 2015-2017 (under PMB)

Oil price $45 per barrel average
Loss of 1.2 million barrels per day due to disruption by the Niger Delta Avengers

2015-$16 billion (June-December)
2016-$26 billion
2017-$10 billion (January-April)

Total-$52 billion

Outcomes:in 2 YEARS

a) External reserves boosted to $31.22 billion from $29 billion in 2015;
b) Savings increased to $2.29 billion from $2 billion in 2015.
c) Federal Government stopped borrowing to pay salaries.
d) 24 States of the federation bailed out- to pay salaries of workers, repay debts and other contractual obligations.
e) Settled fully accumulated arrears of workers salaries and pensions, running into billions of Naira.
f) Settled fully accumulated contractors debt such that all major contractors are now back to site.
g) settled fully oil importers claims amounting to $400 million.
h) NNPC restructured and now solvent and liquid.
i) Foreign Direct Investment (FDI) steadily picking up.
j) Agricultural revolution taken off such that we now have small holder farmers millionaires.
k) Looted funds recovered running into trillion Naira mark and ploughed back into the budget.
l) TSA the plugged loopholes of waste and swindle of public funds, now N4 trillion.
---to mention just a few

Bottom line:

a) Those looking for a magic wand, here it is. Using $52 billion or 12% in TWO years to achieve what Jonathan could not achieve with $445 billion in FIVE years.

b) Only an incorrigible hater will say that Nigeria is not making progress under the PMB administration with the acute resource constraint and the multiplying challenges facing the country.

I rest my case. May PMB/PYO succeed.

this is the most fraudulently stated facts of Nigeria's financial statement. op do you know that Nigeria is only entitled to 55% of those monies alleged to have been earned during oil proceed sales and the fg only get 52%.so where you see fg earning those sums?

you are a thief!where did Nigeria sell 2.4 million barrels a day for the past 8 years?

LionDeLeo:

Don't get too worked up, I know what I'm talking about.

And fyi, math is an essential tool in my profession, don't start quoting out of context because you do simple arithmetic of percentage.

so oga maths what are you talking about!that fg revenue received was $445 million?

LionDeLeo:

Don't get too worked up, I know what I'm talking about.

And fyi, math is an essential tool in my profession, don't start quoting out of context because you do simple arithmetic of percentage.

so oga maths what are you talking about!that fg revenue received was $445 billion?

baralatie:

so oga maths what are you talking about!that fg revenue received was $445 million?

Where did you see million in any of the posts here?

Stop trying hard to sound intelligent.

LionDeLeo:
Where did you see million in any of the posts here?
Stop trying hard to sound intelligent.

so oga maths did the fg received $445 billion into its coffers

LionDeLeo:
Where did you see million in any of the posts here?
Stop trying hard to sound intelligent.

so oga maths did the fg received $445 billion into its coffers