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Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years - Politics (6) - Nairaland

Nairaland ForumNairaland GeneralPoliticsBuhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years (45746 Views)

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Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by madridguy(m): 8:31pm On Aug 15, 2017
GOD alone will judge Jonathan and his cabals.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by MadCow1: 8:47pm On Aug 15, 2017
NgcoboP:
Just shut it boy!
Keep moving Son. You picked the wrong one.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by idealogical: 9:21pm On Aug 15, 2017
PrecisionFx:
There's a very huge difference between asking FG to do the work of FG in ur state like federal roads, agricultural investments from Federal ministry of agriculture............... It isn't same as blaming GEJ for governors who received billions in allocations yearly n looted it.
1. Every kobo earned by Nigeria goes into the federal account and later shared by between the FG, states and local government.

2. Because of the above, corruption, looting and stealing at thew federal level largely dictates what's available to your state governors and eventual development.

3. Because of the above, corruption, looting and stealing leaves the federal accounts via the ministries like the same agric ministry you mentioned very depleted hence the FG not able to invest in federal projects and infrastructures like electricity, good roads, bridges, hospitals, good schools ports and airports and so on which in effect affects states economic capacities and ability to boost IGRs which the states funds their own infrastructures with.

3. Because of the above corruption, looting and stealing at the federal level, federal roads and infrastructures in many of our states are rotting away and instead of many states spending their meager resources on their own people, they end up spending billions on neglected federal roads that they hardly get refunds on.

4. Corruption, looting and stealing at the federal level dominoes and affects every state, corner, towns and villages in Nigeria.
You want federal presence in your state, but you have no issues with the government looting and stealing $500 billion in less than 6 years and still nothing to show at the state and federal level for all that money.

5. Expecting federal projects and developments at the state level from a very corrupt and weak FG and weak institutions at the same time sounds very pointless and hopeless.

6. IPOBs and other agitators main issues with Nigeria and the FG is neglect and lack of federal pretense so where is the federal presence going to come from after looting and stealing every kobo? Or their own elected officials and kinsmen not part of every Federal administration in Nigeria?


Nigerians just can not be honest with themselves, they are too comfortable with tribalism, hypocrisy, pointing fingers and blaming other people.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by abiolert(m): 9:29pm On Aug 15, 2017
agbangam:
PMB is not a failure, GEJ is not only a failure but a huge disaster.
GEJ left 26 states totally broke, several states were owing their workers up to 11months and so far,PMB thru his bail out funds, have saved those state workers. I hope u pple won't call dis one APC propaganda
GEJ designed Sure-P abi na Sure-loot which failed woefully but with PMB N-power program some of my friends now have something doing. abi dis one na propaganda huh
GEJ for 6yrs cud not fix any of d three refineries but Kachukwu is working so hard to put those refineries in gud shape b4 2019 and even assisting dangote to build a new one. Una wan call am propaganda huh
Roads/Power/Health/major infrastructures were left in a bad state by GEJ but today Fashola is trying hard to fix those capital projects, d many problems in those sectors is giving Fashola sleepless nites.
What about Niger Delta were GEJ came from, u all heard him accepting dat he did nothing for his region during 2015 campaign election despite 6yrs of being in power. Propaganda pple dem he said dat one wit his own mouth cheesy.
PMB took a bold step despite d pains it caused d nation to ban d land importation of rice and today states/individuals are now into rice farming. The price of rice is gradually crashing, Thailand and China are now feeling d brunt, so many of their ware houses are being shut cos we are now importing less and saving our forex/money. At least u wailers can confirm dis one.
GEJ gave terrible waivers to many of his PDP/foreign friends causing us to loss gud forex dat wud have been further used to improve/build new infrastructures.
What about d education sector, he established 11 poorly equiped universities, adding more problems to d already dying ones dat in dear need of funds.
Did GEJ save? Naaaah he has one stupid excuse dat governors did not allow him to save but OBJ despite having d Ibori's, d Alameseiya's, d Attahs, Duke n other strong men on his neck was able to save upto 40B dols. Abi dis one na APC propaganda again huh
The annoying part is dat So much monies came into dis country during his time as a result of oil boom and he watched his gang of looters steal massively. He even defended dem wit d statement "Stealing is not corruption". Even on Saturday GEJ shamelessly said he allowed loopholes for pple to steal, I spit on him...
PMB is trying his best even @ dis challenging period wit oil price below 50dollars. I pray God grants him a speedy recovery to come back home.
To my fellow Patriots GEJ's Pigs n Idiots are always online to support him, der is hunger in d land caused by their "Hero". Hunger in d land has made their sense of reasoning gone so low, let's us all bear with dem cheesy. Shameless people.
true talk abeg anybody dat wants to quote you anyhow and say thrash, may thunder that will have 7fold fire them ijn.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by pajimi: 9:31pm On Aug 15, 2017
the same old crooks dat embezzel with Gej turn to be saint .
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by Nobody: 9:49pm On Aug 15, 2017
MadCow1:
Keep moving Son. You picked the wrong one.

Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by ihatesycophant(m): 10:07pm On Aug 15, 2017
caleb404:
Who caused the Niger delta avengers to begin bombing oil installations?

Who demarketed the economy by calling us criminals?

When GEJ engaged the stakeholders in Niger delta to ensure peace, who came in and started forming James bond... disengaged the local surveillance.... and now re-engaging them?

Who brought about the prominence of Nnamdi Kanu? Which government has 5 different exchange rates for forex?

Which government rushed to implement TSA without creating shock absorbers in the system. All to take glory the dullard rushed a lot of things. TSA that was meant to be introduced in a phased manner was suddenly implemented in full dose, creating shocks in the economy... that's the recession we're battling.

Which government took 6 months to appoint Amaechi and Fashola as ministers?

The castigated youwin has been reintroduced again under a different name? Are the militants which Buhari dared not being compensated again?. The local surveillance team for the pipelines, they've being brought back again. Tompolo has his contract back again. Subsidies are now being paid again. Foreign mercenaries are now fighting bokoharam again... a whole lot of things that was done by Jonathan is being redone again by Buhari... that's after his senses rebooted and he discovered that indeed Jonathan was doing it the right way.

By the time we start looking at 'Cause and Effect' you'll see all the answers there. What it takes an educated man 1 week to see, an illiterate will see it in 2 years.

For now, Buhari made his bed.. let him lie on it. All these comparisons are at best useless.
1. Who caused the Niger delta avengers to begin bombing oil installations?

Ans: You mean Buhari recruited NDA to go bombing oil installations. NDA manifested because of the loss of presidential election of Jonathan and investigation of political cronies of Jonathan. Remember Niger Delta was the first point of call for Buhari. He never treated them like South East region but they were not happy because of Jonathan's oust.


2.Who demarketed the economy by calling us criminals?

Ans: How did he demarket the economy? By telling the UK what UK, USA and other countries have already known, that Mugabe jokingly said that every aspect of Nigeria is corrupt during Jonathan's regime. Jonathan also confirmed this that if any money is missing America will know. Meaning he Jonathan knows what US think about Nigeria.


3.When GEJ engaged the stakeholders in Niger delta to ensure peace, who came in and started forming James bond... disengaged the local surveillance.... and now re-engaging them?

Ans: Engaging militants to monitor pipelines was a wrong step taken by Jonathan government when there are legal established agencies to do that. How could a government that is taming militancy be directly empowering same militants?
What he supposed have done is to attach them to constitutionally established agencies as done in North East with the army, operation LAFIA DOLE with Nigerian Army. Even you claimed the FG has reengaged them. Pls when and where were they reengaged?

4. Who brought about the prominence of Nnamdi Kanu?

Ans: What is the factor of prominence of Nnamdi Kanu with the economy? Pls what is the correlation to the growth of the country's economy?
Mr. Man, if you're conversant with our political move in this country you would have known that each successive government always contend with one agitation and the other. OBJ own was Sharia, militancy and OPC. Yar'adua Own was militancy, kidnapping, Boko Haram. Jonathan own was kidnapping, Boko Haram, MASSOB and Herdsmen. Today for Buhari will have Boko Haram, Herdsmen, militancy and IPOB. So it is not a new thing in our political space, people agitate for relevance.

6.Which government has 5 different exchange rates for forex?

Ans: Emir Sanusi has to come out to tell us how that one happened and who and who benefited from it. Because if you believe that from him you must also believe the one he said over $20B were not remitted by NNPC during Jonathan's regime.


7. Which government rushed to implement TSA without creating shock absorbers in the system. All to take glory the dullard rushed a lot of things. TSA that was meant to be introduced in a phased manner was suddenly implemented in full dose, creating shocks in the economy... that's the recession we're battling.

Ans: Mr. Man, you lied here. No policy you introduce in Nigeria that can work without political will because we're so used to doing things in our own way without following laid down rules and regulations. Just like the time of BVN, UNTIL CBN had to give deadline and make it compulsory people didn't take it serious. Even at that some people didn't do it until CBN said account should be blocked before some people rushed to do it and as we are speaking some people have not done theirs.
The TSA was to have been done along BVN but there was no political will for Jonathan to do it and the thing dragged till the end of his administration.

8.Which government took 6 months to appoint Amaechi and Fashola as ministers?

Ans: Yes, he might have taken long to appoint his ministers but if I am in his shoes I might do same. Considering the notion he has about Jonathan's mismanagement of resources, he was right to have done that since there was no vacuum created by that. The government businesses were still going on smoothly as each Permanent Secretary was in control of the ministry.


9. He castigated youwin has been reintroduced again under a different name?

Ans: YOUWIN @project was never a success because it only serves as conduit pipe that politicians used to siphon money then. Many till date had not gotten their stipend in full because after the general election the project collapsed. You also remember that the YOUWIN coordinator had to resigned because of diversion of funds he experienced by politicians with him. I also remember that they turn it to political tool to win members. This is not a political talk, one of my boy was told if he's not member of PDP he would not be taken.


10.Are the militants which Buhari dared not being compensated again?.

Ans: Mr. Man, you know next to nothing about this case. The amnesty given to militants is time bound. The time frame ended 2015 December. It would have been out of place for him to continue without renegotiating with them. Again from day one, he did say in one of his interviews that he would not stop the amnesty programme but for him going to temporary renegotiation was the right thing to do.

11. The local surveillance team for the pipelines, they've being brought back again. Tompolo has his contract back again.

Ans: If what you wrote here is true, I know it would be a redefined approach. Not the one Jonathan gave OPC and Militant that was solely done without control of legal agencies.
If I may ask you, is it hearable based on internationally best practice that militant was given contract to monitor pipelines and they now have control to buy warship to control? I think that's time bomb.


13.Subsidies are now being paid again.

Ans: To whom are they paying the subsidy to and who appropriated it. 2017 budget never captured subsidy payment, stop telling lie to buttress your points.

14. Foreign mercenaries are now fighting bokoharam again... a whole lot of things that was done by Jonathan is being redone again by Buhari... that's after his senses rebooted and he discovered that indeed Jonathan was doing it the right way.

Ans: Was it a time that foreign bodies never joined in fighting Boko Haram since when mount leadership reign? Was he not the one that constituted the NIGERIA, CAMEROON and NIGER collaboration and even went ahead to US, UK and had bilateral with one Islamic country on war against insurgency that FaniKayode lambasted him of. Pls say what you know and stop peddling lie.
Young man, governance is a continuum. We have a failed institution because successive government come and abandoned the predecessor's policies. If Buhari has continued Jonathan's policies I think it should be applause than condemnation. There are many abandoned projects before because successive government come and abandoned the work of their predecessor.

15. By the time we start looking at 'Cause and Effect' you'll see all the answers there.

Ans: You self gave different analysis and same you now condemned yourself by this statement of cause and effect. What is cause and effect of making trillion for 5 years, borrowed along, emptied reserve, emptied ECA and not turning Nigeria to Dubai but wish someone that made billion in less than three years to turn Nigeria to America? Pls what is the cause and effect to you.


16. What it takes an educated man 1 week to see, an illiterate will see it in 2 years.
For now, Buhari made his bed.. let him lie on it. All these comparisons are at best useless.

Ans: This is where we are getting it wrong sometimes education does not give you need all the time. Why do we have educated illiterate? There are issues that required just common sense and that was our forefathers adopting in their government and they ran a vibrant economy. If there are any set that have failed us in this country, they are the educated because issues that they suppose apply common sense they apply wrong approach.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by Nobody: 10:20pm On Aug 15, 2017
idealogical:
1. Every kobo earned by Nigeria goes into the federal account and later shared by between the FG, states and local government.

2. Because of the above, corruption, looting and stealing at thew federal level largely dictates what's available to your state governors and eventual development.

3. Because of the above, corruption, looting and stealing leaves the federal accounts via the ministries like the same agric ministry you mentioned very depleted hence the FG not able to invest in federal projects and infrastructures like electricity, good roads, bridges, hospitals, good schools ports and airports and so on which in effect affects states economic capacities and ability to boost IGRs which the states funds their own infrastructures with.

3. Because of the above corruption, looting and stealing at the federal level, federal roads and infrastructures in many of our states are rotting away and instead of many states spending their meager resources on their own people, they end up spending billions on neglected federal roads that they hardly get refunds on.

4. Corruption, looting and stealing at the federal level dominoes and affects every state, corner, towns and villages in Nigeria.
You want federal presence in your state, but you have no issues with the government looting and stealing $500 billion in less than 6 years and still nothing to show at the state and federal level for all that money.

5. Expecting federal projects and developments at the state level from a very corrupt and weak FG and weak institutions at the same time sounds very pointless and hopeless.

6. IPOBs and other agitators main issues with Nigeria and the FG is neglect and lack of federal pretense so where is the federal presence going to come from after looting and stealing every kobo? Or their own elected officials and kinsmen not part of every Federal administration in Nigeria?


Nigerians just can not be honest with themselves, they are too comfortable with tribalism, hypocrisy, pointing fingers and blaming other people.
Ur reply doesn't connect with my message
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by leanalyst: 10:24pm On Aug 15, 2017
agbangam:
PMB is not a failure, GEJ is not only a failure but a huge disaster.
GEJ left 26 states totally broke, several states were owing their workers up to 11months and so far,PMB thru his bail out funds, have saved those state workers. I hope u pple won't call dis one APC propaganda
GEJ designed Sure-P abi na Sure-loot which failed woefully but with PMB N-power program some of my friends now have something doing. abi dis one na propaganda huh
GEJ for 6yrs cud not fix any of d three refineries but Kachukwu is working so hard to put those refineries in gud shape b4 2019 and even assisting dangote to build a new one. Una wan call am propaganda huh
Roads/Power/Health/major infrastructures were left in a bad state by GEJ but today Fashola is trying hard to fix those capital projects, d many problems in those sectors is giving Fashola sleepless nites.
What about Niger Delta were GEJ came from, u all heard him accepting dat he did nothing for his region during 2015 campaign election despite 6yrs of being in power. Propaganda pple dem he said dat one wit his own mouth cheesy.
PMB took a bold step despite d pains it caused d nation to ban d land importation of rice and today states/individuals are now into rice farming. The price of rice is gradually crashing, Thailand and China are now feeling d brunt, so many of their ware houses are being shut cos we are now importing less and saving our forex/money. At least u wailers can confirm dis one.
GEJ gave terrible waivers to many of his PDP/foreign friends causing us to loss gud forex dat wud have been further used to improve/build new infrastructures.
What about d education sector, he established 11 poorly equiped universities, adding more problems to d already dying ones dat in dear need of funds.
Did GEJ save? Naaaah he has one stupid excuse dat governors did not allow him to save but OBJ despite having d Ibori's, d Alameseiya's, d Attahs, Duke n other strong men on his neck was able to save upto 40B dols. Abi dis one na APC propaganda again huh
The annoying part is dat So much monies came into dis country during his time as a result of oil boom and he watched his gang of looters steal massively. He even defended dem wit d statement "Stealing is not corruption". Even on Saturday GEJ shamelessly said he allowed loopholes for pple to steal, I spit on him...
PMB is trying his best even @ dis challenging period wit oil price below 50dollars. I pray God grants him a speedy recovery to come back home.
To my fellow Patriots GEJ's Pigs n Idiots are always online to support him, der is hunger in d land caused by their "Hero". Hunger in d land has made their sense of reasoning gone so low, let's us all bear with dem cheesy. Shameless people.
My friend go an find something doing. It will be best for you.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by lagosrd: 10:27pm On Aug 15, 2017
sarrki:
Gej was lucky he had a lot of money to work but messed up

Gej failed God and Humanity
I think we should ask those governors that shared the monies by now and not only Jonathan. The shared everything shareable including excess crude oil account ,sovergn wealth account. They are still alive, some ministers now while some are senators.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by MyNewJackeT: 10:39pm On Aug 15, 2017
sapele914:
Can not be deceived anymore by who?jonathan and pdp.
Guy I believe that the APC should just do their job simple, are you not tired of hearing what Jonathan did. Two years after he left office.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by idealogical: 10:46pm On Aug 15, 2017
PrecisionFx:
Ur reply doesn't connect with my message
Only if you really don't know how to read and comprehend.

Corruption looting and stealing at the federal level kills states economically, both are connected from top to bottom
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by TalkingBird: 10:48pm On Aug 15, 2017
IT WILL ONLY GET WORSE WORLDWIDE.

*** w04 2/1 p. 29 You Can Cope With Uncertainty ***

Jesus Christ ... spoke of a time of extreme anxiety and uncertainty that would come upon a whole generation of people. In vivid language, he said: “There will be signs in sun and moon and stars, and on the earth anguish of nations, not knowing the way out because of the roaring of the sea and its agitation, while men become faint out of fear and expectation of the things coming upon the inhabited earth; for the powers of the heavens will be shaken.” Yet, Jesus pointed to something positive for honest hearted people today: “When you see these things occurring, know that the kingdom of God is near.” (Luke 21:25, 26, 31)

Similarly, rather than being in fear of an uncertain future, we have faith in God that helps us to see beyond the uncertainty to a wonderful, secure future.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by Torylanez(m): 11:16pm On Aug 15, 2017
RZArecta:
grin EU officials pleading anonymity, it is well o.

Is that why Buhari has spent over 12 trillion naira with only Daura helipad and Fulani terrorists to show for it ? Or is that why he's a sectional president ? At least we all know who the real ineffectual buffoon is.

PS, your changi govt wants to ban phone in programs on TV and Radio because many zombiés have had their brains reformatted and are openly crying out about the presidiots maladministration. KAI BABA !!! cool
12 Trillion?

where u flatheaded plagiocephalic ipob baboons always bring your propagandas from sef?

if helipad is 12 Trillion naira and Our Yearly budget is 3/4Trillion naira

where your papa carry that useless figures from? dead brained Biafra
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by ajl: 1:55am On Aug 16, 2017
kinibigdeal:
It shows you were really a teen then, you can ask your grandpa why Nigerians troop out in numbers when IBB overthrown him. I can still remember the wide jubiliation nationwide. Things were so hard under is governnent, IBB loot Nigeria but he reshaped the economy. You cant defend the obvious
I will focus on the issue. Nigerians trooped out to welcome IBB because Nigerians were easily sold to deception. Just as most Nigerians are today. I was a Buhari supporter then because I knew they had the best interest of the country at heart. Truth, there were few mis-steps particularly the draconian decrees but it was a military government. So, what came out of IBB years we all know. What economy did IBB reshaped? Is it not the same IBB that admitted he could not understand why the Nigerian economy defy all odds and could not understand why the economy has not collapsed. All those programs including SAP were all bogus. Nigeria crossed the point of no return under IBB. It has been downhill since then. Those were the years many Nigerians began their entry into the world of 419-fraud, drug trafficking, and so many vices.

So people trooped out to welcome a deceptive head of state because they were largely not in control of their emotion just as most Nigerians are till these days. Most Nigerians sense of judgement is skewed. And people are paying for it dearly. It is for this reason I do not pity our people.

Nigerians want a quick fix without any form of sacrifice. It's all obvious today, and it's why a country of over 180 million people can hardly produce food to feed themselves. A country where someone earning minimum wage want to use the best phone or drive the best car. People should roll up their sleeves and build up the country first.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by bluestone77em(m): 8:07am On Aug 16, 2017
Pls, name the projects that each of them did with what they got and see the difference. PMB is loss of about 5.5million jobs while GEJ created almost 5 million jobs. GEJ built 13 federal universities while PMB spent and keep spending the equivalent of that amount in London airport and hospital. GEJ brought back our railway back to life while PMB did the painting of the rail projects. What of the airports across the country. During GEJ salary of works was paid full while PMB keep cutting salary at will without reasons. I can go on and on. So corruption during GEJ was even minimal compare to this PMB govt.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by Habyz(m): 3:25pm On Aug 18, 2017
Eazybay:
So it's not clear to you that the whole article was an expensive shot at sycophancy?

Fashola said GEJ built more roads than ANY other Pres - did he maintain the roads.
Amaechi's interview revealed Abuja rail was 90percent complete. - 90% complete after how many years in office m
Even gej's power projects are unmatched. - how many megawatts was generated.
His schools project unrivaled. - he did build schools instead of making the already existing ones better.
Upgraded the weaponry of the Armed Forces. - upgraded it during election period
His agricultural roadmap is still in place! - who the roadmap epp

All these and food remained cheap, Sure p and youwin.

The story up there was cooked up by Garba Shehu as an excuse for doing NOTHING in 2years!
Anonymous EU, un official. The only unanonymous person there happens to be buhari's spokesman gringrin
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by kolaaderin: 6:23pm On Aug 18, 2017
Sunnyja:
I still remember Dr. Fayemi, a minister in this govt telling a confused nation that even if the oil price crashes to zero the APC has already put measures in place to tackle its effect.
And dont you think the measure is working, because if those measures are not there this country would have been in more serious mess than this.
if not for this measure many would have been on exile out of the country just like the case of Venezuela.

Even though i would agree this government has its own short falls, but a dead Buhari is way far too responsible and prudent than that living drunkard called GEJ.

Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by hush15: 11:47am On Mar 21, 2018
kahal29:
Nigeria’s earnings from oil production and sales in the 27 months President Muhammadu Buhari has been in office is far less than what the previous government led by ex-president Goodluck Jonathan earned in one year, Daily Sun can authoritatively reveal.

Since the Buhari government came to power, oil price has been in the all-time low, to the extent that a barrel of oil once sold for $27. Previous oil price peaked at $120 per barrel once, during the Jonathan’s government.

According to figures from the Organisation of Oil Producing Exporting Countries (OPEC) on Nigeria’s oil earnings since 2010 till date, the Buhari government has raked in $58 billion since coming to office.

A breakdown of the oil revenue by the Buhari government showed that between June and December 2015, the government earned $16 billion. In 2016, the Buhari government earned $26 billion, while it has raked in $16 billion this year, between January and July. The statistics showed that the Jonathan government earned a total of $453.5 billion between 2010 and 2015.

A breakdown of the Jonathan government’s earning showed that $70.7 billion was earned in 2010, $100.1 billion in 2011 and $96.9 billion in 2012.

Also, the Jonathan government earned $86.9 billion in 2013, $77.9 billion in 2014 and $21 billion between January and May 2015.

Meanwhile, the Buhari government has received kudos from the European Union (EU) and the United States government over its prudence in managing scarce resources.

According to EU officials, who pleaded anonymity, the Buhari government has shown responsibility in managing funds, in the face of low revenue.

The official said it was commendable that even when Nigeria’s revenue has nose-dived, the Buhari government has been able to meet its obligations.

“The EU is impressed that the Nigerian government has been afloat despite the drop in oil earning. From what we gathered, the government has been meeting its obligations. This is commendable,” he said.

When reminded that the Federal Government had borrowed to finance the budget, he said this was acceptable, as no country would survive without borrowing. He said as long as there was conscious effort to fight corruption, whatever money borrowed will be used for the purpose it was meant.

“There is no problem about borrowing, as long as the money is used for the stated purpose. We have seen this in Nigeria under the current government. This is good development,” the EU official said.

On the part of the United States, the country’s official said the Nigerian government had shown fiscal responsibility.

According to a top US official, who would not want to be mentioned, for a government that is not earning much money to be running shows the ingenuity in economic management.

He said that the Buhari government has shown determination to ensure that government revenue was not frittered away by corrupt officials, adding: “This is the greatest plus for the Nigerian government.”

The US officials said if the Buhari government could keep afloat in economic distress, it means that the government would do more for the country if the economic were buoyant.

In another development, the Presidency has said that the President Buhari administration was handed an economy ravaged by years of mismanagement and corruption.

In a statement, Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, while reacting to statements credited to former president Jonathan and Senator Ahmed Makarfi, the Caretaker Chairman of the Peoples Democratic Party (PDP), said: “Under the previous administration, there was money but now things are very hard.”

The presidential aide added: “It is understandable that Dr. Jonathan kept his comments short, because a cursory look at any sector clearly indicated that he and his government presided over the most monumental and tragic economic mismanagement recorded in our national history.

“The oil sector boomed under his tenure, with oil prices as high as 120 dollars and peace in the Nigeria Delta. Nigeria earned unprecedented dollar revenues. Sadly, that is where the story turns sour.

“There is nothing to show for the revenues earned; no major capital project was completed, neither power generation, road development, rail nor agriculture benefited from the windfall earnings.

“Rather, the administration presided over the diversion of oil revenues on such a massive scale that even without the protection now accorded to Whistle blowers, the then Central Bank Governor blew not only a whistle but a trumpet.”

Highlighting the atrocities perpetrated under Jonathan’s government, Shehu said: “Indeed the president once celebrated having the largest number of private jets, whilst our youths languished without jobs, our fields stood idle and our factories began the layoff of workers.

“Government simply reticulated oil revenue through personal spending by corrupt leaders, wasteful expenses and salaries. This was done rather than investing in what would grow the economy. Economies grow due to capital investment in assets like seaports, airports, power plants, railways, roads and housing.”

He lamented that Nigeria could not record a single major infrastructural project in the last 10 years, saying, “in short the money was mismanaged. Shehu said President Buhari’s administration was left with the task of facing serious economic challenges from the oil majors, which included the demand for six billion dollars owed by Nigeria for oil that had already been sold or stolen.

He said it was only aggressive borrowing by the Ministry of Finance, under Dr. Ngozi Okonjo-Iweala, that prevented Federal Government from also owing salaries.

“The economic wisdom of borrowing to pay recurrent bills is a questionable one, particularly as those paid would have included over 45,000 that have subsequently been removed by the Buhari led administration as ghost workers.

“It also included the lavish costs of chartering private jets, first class travel and other wasteful acts that have been eliminated under this administration. To compound the problem, the government was borrowing heavily and owed contractors and international oil companies.”

On what the Buhari government is doing, Shehu said it had also increased spending on capital projects, especially on infrastructure needed to make Nigerian businesses competitive and create jobs. He said government had blocked the leakages that allowed its revenues to be siphoned into private hands while focusing on other key sectors that could create jobs and or generate revenue such as agriculture, solid minerals and manufacturing.

According to him, if these things had been done when the oil price was as high as 120 dollars per barrel, Nigeria will not be in the current predicament.

“We would not be suffering now if we had no cash reserves but we had power, or a rail system, or good roads, or good housing. But we don’t have money and we don’t have the projects either’” he said.

http://sunnewsonline.com/buhari-earns-58bn-in-27-months-to-jonathans-454bn-in-6-years/
And some mofos will still be saying this nigeria is broke and the incompetent government will still be blaming the previous administration like they are making miney now
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by kayfra: 12:01pm On Mar 21, 2018
Esseite:
And who brings up the ideas to make money? If not the presidents economic team...

You need to earn your living.. you dont do that with bad policies.. moreover oil is/was just 15% of Nigeria's GDP....

The right policies and people would bring boom in any situation or sector.
You are a dumb illiterate. A mono product economy like Nigeria depends on the price of crude oil, not some Jonathan ingenuity. Dumbas$
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by Nobody: 12:20pm On Mar 21, 2018
kayfra:
You are a dumb illiterate. A mono product economy like Nigeria depends on the price of crude oil, not some Jonathan ingenuity. Dumbas$
Argue with your illiteracy... empty vessels make the most noise.

Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by oluwalewis(m): 12:58pm On Mar 21, 2018
agbangam:
PMB is not a failure, GEJ is not only a failure but a huge disaster.
GEJ left 26 states totally broke, several states were owing their workers up to 11months and so far,PMB thru his bail out funds, have saved those state workers. I hope u pple won't call dis one APC propaganda
GEJ designed Sure-P abi na Sure-loot which failed woefully but with PMB N-power program some of my friends now have something doing. abi dis one na propaganda huh
GEJ for 6yrs cud not fix any of d three refineries but Kachukwu is working so hard to put those refineries in gud shape b4 2019 and even assisting dangote to build a new one. Una wan call am propaganda huh
Roads/Power/Health/major infrastructures were left in a bad state by GEJ but today Fashola is trying hard to fix those capital projects, d many problems in those sectors is giving Fashola sleepless nites.
What about Niger Delta were GEJ came from, u all heard him accepting dat he did nothing for his region during 2015 campaign election despite 6yrs of being in power. Propaganda pple dem he said dat one wit his own mouth cheesy.
PMB took a bold step despite d pains it caused d nation to ban d land importation of rice and today states/individuals are now into rice farming. The price of rice is gradually crashing, Thailand and China are now feeling d brunt, so many of their ware houses are being shut cos we are now importing less and saving our forex/money. At least u wailers can confirm dis one.
GEJ gave terrible waivers to many of his PDP/foreign friends causing us to loss gud forex dat wud have been further used to improve/build new infrastructures.
What about d education sector, he established 11 poorly equiped universities, adding more problems to d already dying ones dat in dear need of funds.
Did GEJ save? Naaaah he has one stupid excuse dat governors did not allow him to save but OBJ despite having d Ibori's, d Alameseiya's, d Attahs, Duke n other strong men on his neck was able to save upto 40B dols. Abi dis one na APC propaganda again huh
The annoying part is dat So much monies came into dis country during his time as a result of oil boom and he watched his gang of looters steal massively. He even defended dem wit d statement "Stealing is not corruption". Even on Saturday GEJ shamelessly said he allowed loopholes for pple to steal, I spit on him...
PMB is trying his best even @ dis challenging period wit oil price below 50dollars. I pray God grants him a speedy recovery to come back home.
To my fellow Patriots GEJ's Pigs n Idiots are always online to support him, der is hunger in d land caused by their "Hero". Hunger in d land has made their sense of reasoning gone so low, let's us all bear with dem cheesy. Shameless people.
We knew GEJ was taking us to a land of no return and that was why we voted for PMB.
Enough of the comparism between GEJ and PMB,and enough of these excuses cos excuses are trademarks of failures.
PMB has succeeded in not just wrecking the economy but also creating discord and enormity among Nigerians, insecurity is the order of the day,even the northerners are not enjoying me except the katsina n Fulani clan.
To wrap it up,he is not even man enough to admit that he has failed Nigerians instead he keeps competing for the trophy of failure with GEJ. No wonder,Aisha will not be a fool for him again for 2019 election.
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by kayfra: 1:33pm On Mar 21, 2018
Esseite:
Argue with your illiteracy... empty vessels make the most noise.
How much does the non-oil sector contribute to our earnings d$mbf$ck?
Re: Buhari Earns $58bn In 27 Months To Jonathan’s $454bn In 6 Years by Nobody: 3:31pm On Mar 21, 2018
kayfra:
How much does the non-oil sector contribute to our earnings d$mbf$ck?
Gosh.... is it not obvious its oil sector minus 100% shocked

You can send the insults to your folks, have a great day.
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