₦airaland Forum

Vice President, Yemi Osinbajo, has said the People’s Democratic Party frittered away $383 billion in four years, rather than spend the funds on major infrastructure for the country.

Prof. Osinabjo disclosed this in Abuja, yesterday, at the 11th Bola Tinubu Colloquium, held to commemorate the birthday of the National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu.

Osinbajo, who represented President Muhammadu Buhari at the event, blamed past governments for being wasteful in times of abundance.

“I have said it before, Nigeria’s main problem is not a lack of ideas, it’s not. Most of the time, especially with the leadership of the past, it is lack of integrity in leadership and corruption in particular and it is the reason we are finding it difficult to make any progress.

“That is why we earned $383 billion in four years – 2010 to 2014 – the highest ever in the history of our country and yet Lagos-Ibadan expressway not done, all of what is being done today not done.

“We cannot point to a single major project, a single major infrastructure project that was completed in the ten years period despite the high wealth, including power. So, a government coming after so many years of waste must be a government that first, emphasises fiscal prudence, a government that emphasises integrity in public finance so that we manage the little resources we have to achieve the maximum that can be achieved and that is what president Muhammadu Buhari has set out to do.”

Osinbajo, who served as Tinubu’s Justice commissioner, also eulogised his former boss.

“We do it (the colloquium) in celebration of a man who has spent the last 30 years of his life in creative public service. Right from the days of being Lagos governor, he provided clarity of thought and rare vision in all aspects of life.

“Once in a while, I think history gives us people who are gifted, transformative leaders and I believe our country has been gifted by this transformative leader, Asiwaju Bola Ahmed Tinubu,” he said.

Dignitaries at the event were APC National Chairman, Adams Oshiomhole, Tinubu’s wife and senator representing Lagos Central, Oluremi, Lagos State Governor, Akinwumi Ambode; his Kano counterpart, Abdullahi Ganduje, Kogi State governor, Yahaya Bello as well as Zamfara Governor, Abdulaziz Yari.

https://www.akelicious.net/2019/03/nigeria-has-15-million-drug-addicts.html

can all these complaints stop

This is how they will keep blaming until the tribunal send them packing. No policies, no programme, no progress, just complaints and blames.

$383b

Jesus is lord!

The sad part is that the Nigerians who claim they are suffering, don't want this matter to be mentioned, talk less of being discussed. Try and prosecute anyone from that era, and you will be termed a danger to democracy and a dictator.

If only PDP had some mercy on their uncompleted secretariat, they might have also spared some thought in the interest of the Nigerian masses who deserve working public infrastructure and utilities.

Instead, the best we got was 2nd hand trains, with Doyin Okupe justifying it that we cannot afford new trains despite being the biggest African economy, because we are not America.

But we could devote over $2b to ATM Dasuki in order to re-elect Jonathan and PDP to steal more for another 4yrs?

Even Patience Jonathan who is the world's richest retired Civil Servant after Atiku, could have comfortably bought new trains for the government, to show her appreciation for what Nigerian corruption has done for her.

Why not get into actions instead of blame game. You guys are almost in your 5th year..

Sick and tired of Apc blame game

Nigerians are tired and sick of this sorts of talk. Can't wait for the courts to boot them out

I can't believe we are going through this all over again.

aolawale025:
Nigerians are tired and sick of this sorts of talk. Can't wait for the courts to boot them out

To boot them out so that Atiku can come and implement the friendship enrichment programs that resulted in this reported wastage of commonwealth?

What kind of business would be run for 4yrs with $383b revenue, yet the company savings is worse than before and the debt is higher than before? Is that not a Ponzi?


How can we earn $383b from 2010 to 2014, yet our foreign reserves plummeted from $47b to $29.6b withing the same period?

Our ECA plummeted from $20b to $2b withing the same period?

We earned $383b and Jonathan could not pay $6.8b counterpart funding that accrued for the same period, to IOCs for JV oil projects that were bringing in the bulk of this huge amount?

Our national debt tripled within the same period of such massive earnings. After such earnings began to decline by July 2014, the same government barely managed for 8months and already began borrowing N470b ($2.5b) just to be able to pay civil servant salaries for just 3months in 2015, despite that crude oil was still selling then at above $50/barrel.

What exactly is the justification for the Jonathan regime not being able to save half a kobo of all the revenues his government was opportuned to earn?

Yet infrastructure wise we celebrated 2nd hand trains and power generation of 4000MW as at November 2014, when the Obasanjo regime already celebrated the same achievement of 4000MW as at November 2006?

Okonjo-Iweala has an explanation to give the country. This is a collapsed business if this happened to a private firm, and it is a recession if it happened to a country as she already foresaw for an economy she was managing.

This is a national disgrace.

Nigeria had its best years on all indices through that period from manufacturing
to employment
to increased standard of living,
to reduced cost of living,
to GDP growth,
to healthcare,
to healthy policies,
to exchange rate,
to subsidy implementation and PMS reduction,
to life expectancy,
to quality of life,
to SME's spring ups,
to even the so called Agriculture,
to corruption prevention policies and systems,
to Unity and cohesion,
to reduced debt to GDP ratio,
to currency value,
to robust economy
to 3rd fastest growing economy in the world,
to happiest people on earth,
to Minimum wage increment at 100%,
to Auto assembly,

Please mention anything you are doing now better than during the period osibanjo mentioned?

Amitez:
This is how they will keep blaming until the tribunal send them packing. No policies, no programme, no progress, just complaints and blames.

El Incompetente can not give what he does not have.
Did he not say he knows not how to make money? No wonder Dokpesi appropriately called him a parasite who has been living on government since he ran away to join the army without doing his final exams. Truant olodo lazy youth turned lousy elder.
Once a failure who blames everyone, always a failure.


www.nairaland.com/attachments/6435544_img20171219192854_jpege40c9e246bee16b1ba0e19f5685e78e1


www.nairaland.com/attachments/6432793_screenshot20171219094227_jpege074d484d588f157559d133a2d470290

Esseite:
Nigeria had its best years on all indices through that period from manufacturing to employment
to standard of living
to GDP growth,
to healthcare,
to healthy policies,
to exchange rate,
to subsidy implementation,
to life expectancy,
to quality of life,
to SME's spring ups,
to even the so called agriculture,
to corruption prevention policies and systems,
to Unity and coheasion,
to reduced debt to GDP ratio,

Please mention anything you are doing now better during the period osibanjo mentioned?

You mean the above were the ponzi economy that collapsed immediately the petrodollars stopped coming in like a windfall?

Can you explain why a single kobo could not be saved from such revenue, talk less of spending what previous regimes had saved during relatively harder times, and even acquiring more national debt?

Can you explain why Okonjo-Iweala revealed towards the end of May 2015, that the FG has already borrowed N470b ($2.5b as at then) to pay civil servant salaries, without any idea how the May 2015 salaries would be paid before the handover to a new regime?

Can you explain why such a robust economy could only buy 2nd hand trains because we are not America, but we had enough money to stock ATM Dasuki?


What kind of business would be run for 4yrs with $383b revenue, yet the company savings is worse than before and the debt is higher than before? Is that not a Ponzi?



https://www.pulse.ng/news/politics/doyin-okupe-nigerias-economy-cant-support-new-trains-presidential-aide-says-video/grf8xl6.amp

Dem go blame blame blame dem go taya! As dem say dem nor wan work but to blame , dem go see the wrath of the Nigerian people

StOla:
You mean the above were the ponzi economy that collapsed immediately the petrodollars stopped coming in like a windfall?

Nope, its actually the one where Nigeria elected someone who knows nothing about ruling a nation and mismanaged all goodwill.

Nigeria is not America. We cannot afford new trains despite being the biggest economy/market in Africa. -Doyin Okupe


But SouthAfrica can afford new trains?


https://www.youtube.com/watch?v=hafCaIBQqF8

But APC has acquired a good number of them, why not probe the likes of Amechi, Akpabio and others?

Besides, there were fewer deaths recorded, better life for everybody! I believe your 'saintly' reign is worse for the people sir.

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.

https://www.google.com/amp/s/www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html%3famp_markup=1

without proof.Always want to find fault with pdp as if the apc are filled with saint.we sell rmb and we pay your chinese suppliers.check sigg for more

And Nigeria has never spent so much on a president as it has on PMB! The moni Nigeria has spent on his hospital bills abroad alone, is enough to make all our local hospitals the envy of India in cancer research! Our most ‘hospitable’ president

This niggaz are still playing the blame game. What the fck I'd all this

This niggaz are still playing the blame game. What the fck is all this

Abeg allow the crook blame..

Na dey pastor wey wan rule the country..

Una don see him brain finish

is this figure from opec i have be using to sing over the years,
＄1.1tr in 16yrs.

sophsia62:
Vice President, Yemi Osinbajo, has said the People’s Democratic Party frittered away $383 billion in four years, rather than spend the funds on major infrastructure for the country.

Prof. Osinabjo disclosed this in Abuja, yesterday, at the 11th Bola Tinubu Colloquium, held to commemorate the birthday of the National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu.

Osinbajo, who represented President Muhammadu Buhari at the event, blamed past governments for being wasteful in times of abundance.

“I have said it before, Nigeria’s main problem is not a lack of ideas, it’s not. Most of the time, especially with the leadership of the past, it is lack of integrity in leadership and corruption in particular and it is the reason we are finding it difficult to make any progress.

“That is why we earned $383 billion in four years – 2010 to 2014 – the highest ever in the history of our country and yet Lagos-Ibadan expressway not done, all of what is being done today not done.

“We cannot point to a single major project, a single major infrastructure project that was completed in the ten years period despite the high wealth, including power. So, a government coming after so many years of waste must be a government that first, emphasises fiscal prudence, a government that emphasises integrity in public finance so that we manage the little resources we have to achieve the maximum that can be achieved and that is what president Muhammadu Buhari has set out to do.”

Osinbajo, who served as Tinubu’s Justice commissioner, also eulogised his former boss.

“We do it (the colloquium) in celebration of a man who has spent the last 30 years of his life in creative public service. Right from the days of being Lagos governor, he provided clarity of thought and rare vision in all aspects of life.

“Once in a while, I think history gives us people who are gifted, transformative leaders and I believe our country has been gifted by this transformative leader, Asiwaju Bola Ahmed Tinubu,” he said.

Dignitaries at the event were APC National Chairman, Adams Oshiomhole, Tinubu’s wife and senator representing Lagos Central, Oluremi, Lagos State Governor, Akinwumi Ambode; his Kano counterpart, Abdullahi Ganduje, Kogi State governor, Yahaya Bello as well as Zamfara Governor, Abdulaziz Yari.

https://www.akelicious.net/2019/03/nigeria-has-15-million-drug-addicts.html

this man is a mad man I'm tired of this nonsense .for how long if you don't have anything to say just shut up. Na this one want to be the president .this man will be worse than buhari all ways off the line.

StOla:
$383b

Jesus is lord!

The sad part is that the Nigerians who claim they are suffering, don't want this matter to be mentioned, talk less of being discussed. Try and prosecute anyone from that era, and you will be termed a danger to democracy and a dictator.

If only PDP had some mercy on their uncompleted secretariat, they might have also spared some thought in the interest of the Nigerian masses who deserve working public infrastructure and utilities.

Instead, the best we got was 2nd hand trains, with Doyin Okupe justifying it that we cannot afford new trains despite being the biggest African economy, because we are not America.

But we could devote over $2b to ATM Dasuki in order to re-elect Jonathan and PDP to steal more for another 4yrs?

Even Patience Jonathan who is the world's richest retired Civil Servant after Atiku, could have comfortably bought new trains for the government, to show her appreciation for what Nigerian corruption has done for her.

Shut up!!.

.Meaningless rants and spews everywhere.

abeg abeg abeg,
which one is PDP.
is PDP a ghost or a building?
abeg call people by their names after-all they are all politicians; party-defecting politicians.
don't confuse the populace with PDP.
We've had presidents, vice presidents, ministers, governors, military heads and the like.
who among them wasted these monies. give us names, time frame , subject matters of such monies and the amounts.
if u have done so, its easier to know who is who. u can even take them to court.
IF YOU DO NOT HAVE THE NAMES OF THOSE WHO WASTED THE TREASURY, PLEASE LET IT REST.

This man is no different from the fraudulent pastors littered all over the country.

Still the same age long blame gimmicks, didn't ur boss@Buhari said he will stop blaming & learn to take responsibilities this time or, is it that, u didn't hear ur boss say so?

Not again

Another 4 years of blame game?

StOla:
$383b

Jesus is lord!

The sad part is that the Nigerians who claim they are suffering, don't want this matter to be mentioned, talk less of being discussed. Try and prosecute anyone from that era, and you will be termed a danger to democracy and a dictator.

If only PDP had some mercy on their uncompleted secretariat, they might have also spared some thought in the interest of the Nigerian masses who deserve working public infrastructure and utilities.

Instead, the best we got was 2nd hand trains, with Doyin Okupe justifying it that we cannot afford new trains despite being the biggest African economy, because we are not America.

But we could devote over $2b to ATM Dasuki in order to re-elect Jonathan and PDP to steal more for another 4yrs?

Even Patience Jonathan who is the world's richest retired Civil Servant after Atiku, could have comfortably bought new trains for the government, to show her appreciation for what Nigerian corruption has done for her.

Ask your fake rccg pastor where they kept the 7trillion they borrowed from pencom, the millions of dollars abacha loots

Fake pastor I advice you to shut up and sit down and get to work..Stop the blame game after 4 years and tell Nigerians what you and your dullard president has to offer...Infact get ready to quit that your seat for HE Peter Obi he is more competent than you...Your services are needed in RCCG Nigeria Limited and not the villa

jullidee2006:
can all these complaints stop

NO, until you stop complaining about this govt.
when idiotic pigs complain, we refer them back to their past.

Ati una see am.. Dem don start again ooo. Blame blame.. Fake pastor houseboy foolishbanjo.