₦airaland Forum

And we are still increasing. Deportees and returnees are still ongoing right now in NAHCO my office.

you must be a ghanaian

Bevista:
Foreign Reserve are never shared to states, they are managed exclusively by the Federal Government through the CBN. What you are trying to refer to is the Excess Crude Account (ECA) which is different from the subject of discourse here.

who does Ameachi think he is fooling. if am not wrong is the governor at the fore-front of share the money in the Jonathan government All hail St Ameachi the thief. The way he ruled Port-Harcourt is the same way APC is ruling Nigeria. APC a den of thieves and robbers the unfortunate part of their story is there is no honour among their thieves.

anonimi:
We should get our historical facts right to avoid public embarrassment.
The governors, led by Ogbeni Ojuyobo JagaBandit with his Attorney General Yemi Osinbajo, sued the FG under Ebola Owu.

Wonderful facts. Another question we need to ask is what did all the governors do with their share of allocations? We easy forget them and face GEJ

Was it not you and the other governors then that requested that it be shared against the advice of Okonjo Iweala? Can you eat your cake and have it back? Make we hear word jo.

NgeneUkwenu:
Rotimi Amaechi, minister of transportation, has fired yet another shot at former President Goodluck Jonathan.

This comes less than a week after the minister said the time to stop blaming Jonathan had come.

Speaking with NAN in Lagos, Amaechi said former President Olusegun Obasanjo left $65 billion in the excess crude account but it was frittered away.

WHAT IS EXCESS CRUDE ACCOUNT?

It is an account used to save oil revenues above an amount derived from a defined benchmark price. ECA was established in 2004. Its objective is primarily to protect planned budgets against shortfalls due to volatile crude oil prices.
Amaechi said the wastage in the PDP era was alarming.

“When Obasanjo was leaving, he left about 65 billion dollars in the excess crude account, but this money was frittered away and we wonder where the money is,” he said.

“As at then, the price of crude oil during the President Goodluck Jonathan’s administration hovered around 140 dollars with this, they did not leave anything for the incoming government.

“With that kind of money, we should be thinking of connecting Nigeria through rail system. The rail between Ibadan to Kano would have been completed.

“Also the rail gauge between Port Harcourt to Maiduguri and Lagos to Calabar, but all the excess crude money was frittered away, we need to ask questions.”

Amaechi said his pursuit for change made him to leave the Peoples Democratic Party (PDP) for the All Progressives Congress (APC).

He added that he would have used his position as the then chairman of PDP governors’ forum to fight the situation but he felt there was a need to cross over to APC because of his belief in President Muhammadu Buhari.

“I moved from PDP to APC because I am tired of what is happening in the party, I have the option to stay because of my position as the chairman of the governors then,” he said.

“I can use my position to fight them (PDP) and get what I want because I believe Nigeria was not going in the right direction by then.

“My attention and belief shifted to Buhari which was the viable alternative, I believe in the change mantra because it is the only way to improve on what is on ground.

“He has not disappointed because the economy is now back on track and is growing. This is evident in the current prices of food items because it’s getting lower.”

Amaechi said that prices of food would further crash because of the efforts of the government at making the country self-sufficient in food production.

“With the change going on, the price will further crash because before this government came in, the price were soaring because we were importing food items, things we can grow here,” he said.

“Now the policy of government is working which banned the importation of rice, the price is now about N16,000, but before now, we are importing about N3 billion worth of rice.

“Before now too, we were importing another N3 billion worth of poultry products, we are importing tomatoes but with the ban, we are now concentrating on our local production.

“Many states in the northern part of the country are now growing rice in large quantities though by right, the south-south geo-political zone should be doing that because they are the ones in the swampy area.”

https://www.thecable.ng/wheres-65bn-obj-left-excess-crude-account-amaechi-fires-another-shot-gej/amp?__twitter_impression=true

NgeneUkwenu:
Rotimi Amaechi, minister of transportation, has fired yet another shot at former President Goodluck Jonathan.

This comes less than a week after the minister said the time to stop blaming Jonathan had come.

Speaking with NAN in Lagos, Amaechi said former President Olusegun Obasanjo left $65 billion in the excess crude account but it was frittered away.

WHAT IS EXCESS CRUDE ACCOUNT?

It is an account used to save oil revenues above an amount derived from a defined benchmark price. ECA was established in 2004. Its objective is primarily to protect planned budgets against shortfalls due to volatile crude oil prices.
Amaechi said the wastage in the PDP era was alarming.

“When Obasanjo was leaving, he left about 65 billion dollars in the excess crude account, but this money was frittered away and we wonder where the money is,” he said.

“As at then, the price of crude oil during the President Goodluck Jonathan’s administration hovered around 140 dollars with this, they did not leave anything for the incoming government.

“With that kind of money, we should be thinking of connecting Nigeria through rail system. The rail between Ibadan to Kano would have been completed.

“Also the rail gauge between Port Harcourt to Maiduguri and Lagos to Calabar, but all the excess crude money was frittered away, we need to ask questions.”

Amaechi said his pursuit for change made him to leave the Peoples Democratic Party (PDP) for the All Progressives Congress (APC).

He added that he would have used his position as the then chairman of PDP governors’ forum to fight the situation but he felt there was a need to cross over to APC because of his belief in President Muhammadu Buhari.

“I moved from PDP to APC because I am tired of what is happening in the party, I have the option to stay because of my position as the chairman of the governors then,” he said.

“I can use my position to fight them (PDP) and get what I want because I believe Nigeria was not going in the right direction by then.

“My attention and belief shifted to Buhari which was the viable alternative, I believe in the change mantra because it is the only way to improve on what is on ground.

“He has not disappointed because the economy is now back on track and is growing. This is evident in the current prices of food items because it’s getting lower.”

Amaechi said that prices of food would further crash because of the efforts of the government at making the country self-sufficient in food production.

“With the change going on, the price will further crash because before this government came in, the price were soaring because we were importing food items, things we can grow here,” he said.

“Now the policy of government is working which banned the importation of rice, the price is now about N16,000, but before now, we are importing about N3 billion worth of rice.

“Before now too, we were importing another N3 billion worth of poultry products, we are importing tomatoes but with the ban, we are now concentrating on our local production.

“Many states in the northern part of the country are now growing rice in large quantities though by right, the south-south geo-political zone should be doing that because they are the ones in the swampy area.”

https://www.thecable.ng/wheres-65bn-obj-left-excess-crude-account-amaechi-fires-another-shot-gej/amp?__twitter_impression=true

Loretta baby, I luv u so much

How I wish this country can be folded, this country need to be fold n throw into a trash bin i swear.

signature2012:
You better get a life and not sir prematurely because of Buhari that does not care if you exist.Either him nor any member of his family get sick today,they will be flown abroad for better treatment,should it be you short fall of same,doubt if you will be able to afford a private hospital in Nigeria.

Get a life,the energy you use in supporting Buhari day and night can be use to achieve tangible things in your life

Ever since have known you in this forum,you have never open a thread to condemn how fulani herdsman are killing people nor any comment of yours to criticize their action.
Nigerians are dying daily of hunger,nothin is working in this country.Citizens keep committing suicide on daily basis due to hunger and all you do is to keep praising the old useless leader you voted for.

Jonathan was corrupt,yes he was corrupt no doubt.Arrest him,take him to court and let the court decide.Is almost 3 years now,i can't pin-point any difference in this country,no light,no good road,no infrastructure,no job...nothin dey work!!!!

Look at the recent release budget,check out figures allocated for VP feeding,is he a glutton?Check the one allocated for Abuja clinic.We keep hearing billions daily and dont know how they use it

Plz let this be the last time you will open a useless thread fighting in support for the useless old man that want to be president by all means without having iota of any leadership skill in his brain.

pls tell him o. A word is enough for the wise

Buhari is performing very badly.

bedspread:
If Obj left 65b as u say....
Then u should be asking the Late Yaradua dt Question

For Wailer like you;http://www.lautechstudents.com/thread/555/

1. PRESIDENT OLUSEGUN OBASANJO (1999-2007)
FOREIGN RESERVE
Inherited: $3.7 billion (1999)
Left: $45.0 billion (2007)
http://olusegunobasanjofoundation.org /?oof_staff=president-obasanjo
NB: As at 2003, Oil Price Per Barrel was $30 and it was at $90 when he left.

2. UMARU MUSA YAR ADUA (2007 - 2009)
EXTERNAL RESERVE
Inherited: $45.0 billion
GrewTo: $63 billion in September, 2008
http://www.nigerianmuse.com /20090102021223zg/nigeria-watch/nigeria- s-foreign-reserves-dip-to-52-7-billion/
Left: $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03 /state-of-nigerias-external-reserves- worrisome-cipm-president /#sthash.cXXdNcoU.dpuf
N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death

3. PRESIDENT GOODLUCK JONATHAN:
FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)
As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp
N/B:
As at 2010, Oil Price was at $89 per barrel
As at 2011, It was $103 per barrel
As at Now it is $100 per barrel http://en.wikipedia.org /wiki/World_oil_market_chronology_from_20 03
Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show

The problem with most of you is simple comprehension of the issues...

...keep typing gibberish, the only contention was that, the ECA was been spent without recourse to the governors. The FG simply spent the monies the way it deemed fit. The ECA is special savings account (you can go read up to learn more), it is not meant to be spent monthly like your normal FAAC allocations!

...or have you heard any monies have been spent from the ECA since Buhari took over power

Educate your self on the subject matter b4 displaying ignorance in public.

quote author=SalamRushdie post=63239817]

First of all Jonathan never took ovet from Obasanjo and secondly part of the ECA was used to make subsidy payments and yes the same subsidy payments Jonathan wanted to stop and people like Ameachi opposed vehemently..Jonathan was rail roaded into his failures by the current membera of the APC if you ask me ..Meanwhile can Ameachi start by telling us what he did with his own share of the ECA[/quote]

bedspread:
If Obj left 65b as u say.... Then u should be asking the Late Yaradua dt Question

Judas would rather hang himself than dare the hypocritical pharisees

Bizibi:
they will make buhari fail......the administration is just stagnant with nothing to offer,price of crude oil is increasing but they are not saying anything about it again.

they opened the eyes of nigerians to many things in 2015 and ironically it is those things nigerians will use against them

Swisscoinng:
The problem with most of you is simple comprehension of the issues...

...keep typing gibberish, the only contention was that, the ECA was been spent without recourse to the governors. The FG simply spent the monies the way it deemed fit. The ECA is special savings account (you can go read up to learn more), it is not meant to be spent monthly like your normal FAAC allocations!

...or have you heard any monies have been spent from the ECA since Buhari took over power

Educate your self on the subject matter b4 displaying ignorance in public.

quote author=SalamRushdie post=63239817]

First of all Jonathan never took ovet from Obasanjo and secondly part of the ECA was used to make subsidy payments and yes the same subsidy payments Jonathan wanted to stop and people like Ameachi opposed vehemently..Jonathan was rail roaded into his failures by the current membera of the APC if you ask me ..Meanwhile can Ameachi start by telling us what he did with his own share of the ECA

Not a single dime has been saved in the ECA since Buhari came so whats your point sir

Comprehension again is your problem, ECA (excess crude account), that is you have more than you budget for in any current year, and was meant to cushion effect on revenues if oil came crashing like it did in 2015, You only save when there is excess, but unfortunately when we should have been saving, your hero filtered away the one OBJ left for us, this was in the midst of high oil prices...

...The ECA has been growing albeit slowly, since oil prices started picking up.

[quote

author=SalamRushdie post=63240727]Not a single dime has been saved in the ECA since Buhari came so whats your point sir[/quote]

NgeneUkwenu:
Rotimi Amaechi, minister of transportation, has fired yet another shot at former President Goodluck Jonathan.

This comes less than a week after the minister said the time to stop blaming Jonathan had come.

Speaking with NAN in Lagos, Amaechi said former President Olusegun Obasanjo left $65 billion in the excess crude account but it was frittered away.

WHAT IS EXCESS CRUDE ACCOUNT?

It is an account used to save oil revenues above an amount derived from a defined benchmark price. ECA was established in 2004. Its objective is primarily to protect planned budgets against shortfalls due to volatile crude oil prices.
Amaechi said the wastage in the PDP era was alarming.

“When Obasanjo was leaving, he left about 65 billion dollars in the excess crude account, but this money was frittered away and we wonder where the money is,” he said.

“As at then, the price of crude oil during the President Goodluck Jonathan’s administration hovered around 140 dollars with this, they did not leave anything for the incoming government.

“With that kind of money, we should be thinking of connecting Nigeria through rail system. The rail between Ibadan to Kano would have been completed.

“Also the rail gauge between Port Harcourt to Maiduguri and Lagos to Calabar, but all the excess crude money was frittered away, we need to ask questions.”

Amaechi said his pursuit for change made him to leave the Peoples Democratic Party (PDP) for the All Progressives Congress (APC).

He added that he would have used his position as the then chairman of PDP governors’ forum to fight the situation but he felt there was a need to cross over to APC because of his belief in President Muhammadu Buhari.

“I moved from PDP to APC because I am tired of what is happening in the party, I have the option to stay because of my position as the chairman of the governors then,” he said.

“I can use my position to fight them (PDP) and get what I want because I believe Nigeria was not going in the right direction by then.

“My attention and belief shifted to Buhari which was the viable alternative, I believe in the change mantra because it is the only way to improve on what is on ground.

“He has not disappointed because the economy is now back on track and is growing. This is evident in the current prices of food items because it’s getting lower.”

Amaechi said that prices of food would further crash because of the efforts of the government at making the country self-sufficient in food production.

“With the change going on, the price will further crash because before this government came in, the price were soaring because we were importing food items, things we can grow here,” he said.

“Now the policy of government is working which banned the importation of rice, the price is now about N16,000, but before now, we are importing about N3 billion worth of rice.

“Before now too, we were importing another N3 billion worth of poultry products, we are importing tomatoes but with the ban, we are now concentrating on our local production.

“Many states in the northern part of the country are now growing rice in large quantities though by right, the south-south geo-political zone should be doing that because they are the ones in the swampy area.”

https://www.thecable.ng/wheres-65bn-obj-left-excess-crude-account-amaechi-fires-another-shot-gej/amp?__twitter_impression=true

Waiting for Honourable Reno Omokri
You've seen nothing yet Amaechi
Also,tell your boss to account for $25 billion NNPC missing funds.
Meanwhile, receive ......

mountlarry:
Wonderful facts.
Another question we need to ask is what did all the governors do with their share of allocations?
We easy forget them and face GEJ

Let me check with Engr. Aregberascal again.


www.nairaland.com/attachments/2042395_b7fvnpiiaabroh_jpeg81b2c4466e71003dbe03de8be0975de0


www.nairaland.com/attachments/2630622_cjlpxmiwsaap2su_png84e6ed0c16cc1a142bc93d7da71a34a9

onatisi:
they opened the eyes of nigerians to many things in 2015 and ironically it is those things nigerians will use against them

honestly,what pains me the most is the constant lies and anytime some of us try to bring a deal or put in fr a contract they start singing no money,no money

Mynd44:
The arguement that it was the governors' forum that made the FG share the money makes no sense cos

1. Did you bother to ask why the governors sued the FG? Was it not cos they found out that the FG was actually making withdrawals from the ECA that theu decided to share it?


2. What did the FG do with their share of the money? Where was it uses?

amaechi and fashola used their own share to fund buhari's campaign when he had only 150 cows

Jirate:
He Was Promised The VP Slot in APC but He was Never Given, and having Ran His Dirty Mouth all over the Place, there was no way back for Him.
He Was Simply Used and will soon be Dumped for Good.

were are you getting your informatiom? The slop for VP was between the 3 major parties that merged to become APC namely ACN- Tinubu. ANPP- Ogbonnaya Onu and CPC- Buhari. Amaechi just came in, he was never promised the vp slot. So shaad up.

Saao:
Ameachi thought we forgot how he championed the governor forum during his tenure as a chairman of the forum, forcing the government of gej to share the fund? I remembered then the governors went to court to challenge the govt and the court declared the account illegal. Ngozi tried so hard to sustained the account but no way.
earlier he focus on his ministry better for all of us. as it is today, no minister is performing and Nigerians are really suffering

if you have any memory, you remember that what was shared that time was sovereign wealth fund that was created by Okonjo Iweala and not external reserve

bedspread:
If Obj left 65b as u say....
Then u should be asking the Late Yaradua dt Question

Let GEJ answer, not you.

gaskiyamagana:
Let GEJ answer, not you.

u Will Write this to GEJ not me na??

NgeneUkwenu:
Rotimi Amaechi, minister of transportation, has fired yet another shot at former President Goodluck Jonathan.

This comes less than a week after the minister said the time to stop blaming Jonathan had come.

Speaking with NAN in Lagos, Amaechi said former President Olusegun Obasanjo left $65 billion in the excess crude account but it was frittered away.

WHAT IS EXCESS CRUDE ACCOUNT?

It is an account used to save oil revenues above an amount derived from a defined benchmark price. ECA was established in 2004. Its objective is primarily to protect planned budgets against shortfalls due to volatile crude oil prices.
Amaechi said the wastage in the PDP era was alarming.

“When Obasanjo was leaving, he left about 65 billion dollars in the excess crude account, but this money was frittered away and we wonder where the money is,” he said.

“As at then, the price of crude oil during the President Goodluck Jonathan’s administration hovered around 140 dollars with this, they did not leave anything for the incoming government.

“With that kind of money, we should be thinking of connecting Nigeria through rail system. The rail between Ibadan to Kano would have been completed.

“Also the rail gauge between Port Harcourt to Maiduguri and Lagos to Calabar, but all the excess crude money was frittered away, we need to ask questions.”

Amaechi said his pursuit for change made him to leave the Peoples Democratic Party (PDP) for the All Progressives Congress (APC).

He added that he would have used his position as the then chairman of PDP governors’ forum to fight the situation but he felt there was a need to cross over to APC because of his belief in President Muhammadu Buhari.

“I moved from PDP to APC because I am tired of what is happening in the party, I have the option to stay because of my position as the chairman of the governors then,” he said.

“I can use my position to fight them (PDP) and get what I want because I believe Nigeria was not going in the right direction by then.

“My attention and belief shifted to Buhari which was the viable alternative, I believe in the change mantra because it is the only way to improve on what is on ground.

“He has not disappointed because the economy is now back on track and is growing. This is evident in the current prices of food items because it’s getting lower.”

Amaechi said that prices of food would further crash because of the efforts of the government at making the country self-sufficient in food production.

“With the change going on, the price will further crash because before this government came in, the price were soaring because we were importing food items, things we can grow here,” he said.

“Now the policy of government is working which banned the importation of rice, the price is now about N16,000, but before now, we are importing about N3 billion worth of rice.

“Before now too, we were importing another N3 billion worth of poultry products, we are importing tomatoes but with the ban, we are now concentrating on our local production.

“Many states in the northern part of the country are now growing rice in large quantities though by right, the south-south geo-political zone should be doing that because they are the ones in the swampy area.”

https://www.thecable.ng/wheres-65bn-obj-left-excess-crude-account-amaechi-fires-another-shot-gej/amp?__twitter_impression=true

The Gullible Sai chanters, Una food don land oo

Sammiejokes:
For Wailer like you;http://www.lautechstudents.com/thread/555/

1. PRESIDENT OLUSEGUN OBASANJO (1999-2007)
FOREIGN RESERVE
Inherited: $3.7 billion (1999)
Left: $45.0 billion (2007)
http://olusegunobasanjofoundation.org /?oof_staff=president-obasanjo
NB: As at 2003, Oil Price Per Barrel was $30 and it was at $90 when he left.

2. UMARU MUSA YAR ADUA (2007 - 2009)
EXTERNAL RESERVE
Inherited: $45.0 billion
GrewTo: $63 billion in September, 2008
http://www.nigerianmuse.com /20090102021223zg/nigeria-watch/nigeria- s-foreign-reserves-dip-to-52-7-billion/
Left: $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03 /state-of-nigerias-external-reserves- worrisome-cipm-president /#sthash.cXXdNcoU.dpuf
N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death

3. PRESIDENT GOODLUCK JONATHAN:
FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)
As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp
N/B:
As at 2010, Oil Price was at $89 per barrel
As at 2011, It was $103 per barrel
As at Now it is $100 per barrel http://en.wikipedia.org /wiki/World_oil_market_chronology_from_20 03
Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show

Story for a The birds

FunkyAlhaji2015:
if you have any memory, you remember that what was shared that time was sovereign wealth fund that was created by Okonjo Iweala and not external reserve

and if u can read and understand, what we are talking about is not foreign reserve but excess crude account.

anigbajumo:
That is the problem of most of u guys,court any rule on the FG decision may be to share the money or not. Show me the bolded context not headlines where judge command the FG to pay...I mean the bolded context from old news....

funny enough, u were unable to bold any text. too bad

hehehehehehe! OUR MINISTER IS MAD AGAIN!

Mynd44:
The arguement that it was the governors' forum that made the FG share the money makes no sense cos

1. Did you bother to ask why the governors sued the FG? Was it not cos they found out that the FG was actually making withdrawals from the ECA that theu decided to share it?


2. What did the FG do with their share of the money? Where was it uses?

we just have to be diplomatic when it comes to public funds, asking FG to share it when they found out some loop holes shows they all are bunch of theives now to your question... Ameachi and the rest of the governors that partake in the sharing should give account of the money to the public first! Thank you.

juman:
Obasanjo is a useless old man that was not fit to be the president.

The June 12 that was reclaimed, obasanjo wasted the opportunity.

He could not construct neither roads nor bridges.

He could not build monumental and legendary projects despite the big sum of money the country got.

Obasanjo reconstructed the Onitsha-Owerri expressway which is the only good federal road in the SE, tell us which one GEJ did.

There is something so wrong with this NGENE UKWUENU,....... It think JONATHAN is owing her� watch out all her previous posts.,

NgeneUkwenu:
lalasticlala

Goan ask Yaradua he was d one dat took over frm obj not gej.