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Nairaland Forum / Nairaland / General / Politics / External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations (103391 Views)
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Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 11:35am On Nov 07, 2014 |
Obiagelli:Did you see it? He obviously was defeated here barcanista:He wants to discredit CBN's report. hahaha 6 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 11:36am On Nov 07, 2014 |
Demdem: You have no idea who my father is, so you can't say what you thinks of Shagari administration. The question would, why didn't Buhari give a timeline for the return to civilian rule after correcting the anomalies of Shagari? What he did was to proscribe people from discussing anything politics. All his actions and decrees was anything but democratic. He is a tyrant and should just rest. Give us Fashola or Kwankwaso and GEJ will be returning home, but Buhari, I pray heaven.. GEJ till whenever Buhari stops contesting election in this country 11 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 11:37am On Nov 07, 2014 |
datolee:Guy no run, you claimed the website is FAKE, do you still hold such claim? and respond to this barcanista: 2 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by karlmax2: 11:38am On Nov 07, 2014 |
jmaine:were waitin . For him to cook up another story |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by atlwireles: 11:40am On Nov 07, 2014 |
datolee: This is enough to close this thread. 5 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by jmaine: 11:40am On Nov 07, 2014 |
karlmax2: In due course of time all cooked up stories will be decimated. Una just dey promote a defeated thread 3 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 11:41am On Nov 07, 2014 |
datolee: datolee: It is not even up to 3 hours and you are already denying what you wrote? Trying to perform an estrapde since your act of sphallolalia has failed 9 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by EldaTimba(m): 11:42am On Nov 07, 2014 |
jmaine:[b]Seconded[b] I wonder why it is difficult to understand simple Fact. SLS spent whooping $100 billion dollars on naira defense while soludo spent about $50 million dollars. QED 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 11:42am On Nov 07, 2014 |
Abok1:This is fatal my friend, please help me tell whether that link of CBN was cooked or not. Because the guy is mumbling and humbling http://www.cenbank.org/intops/Reserve.asp enter the date and click GO 5 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by karlmax2: 11:44am On Nov 07, 2014 |
datolee:and ask him why buhari ran away from oputa panel to come and defend his tyranny. And they call him an upright man. An upright man that ran to court to stop nigerians from asking him question on his well documented atrocities he and his co traveller ibb. He ran to the same court he set aside for his numerous draconian decree 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 11:44am On Nov 07, 2014 |
barcanista: When you go on needless argument, Please where did i call your link fake? I just reported what i saw in the link. Thankfully you have guided me on how to move around it.. but please refrain from lies, I didn't say your link is fake 12 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 11:44am On Nov 07, 2014 |
barcanista: Works like a charm 4 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Demdem(m): 11:45am On Nov 07, 2014 |
datolee: So u think both fashola and Kwankwaso can defeat the current curse in aso rock right? Good to know that u see them as better candidate than the drunkard sha. 6 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Ezemust: 11:46am On Nov 07, 2014 |
barcanista:ague with facts biko. y r u so desperate? 6 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Iykopee(m): 11:46am On Nov 07, 2014 |
Demdem: ^^^ in ur summation, military regime is neva illegal? @ this juncture i can't continue running 360 with a dumb by nature. 3 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by atlwireles: 11:49am On Nov 07, 2014 |
datolee: Keep this in your notes for future reference. HOW SANUSI LAMIDO SANUSI SPENT $117 BILLION TO DEFEND NAIRA …BUT STILL LEFT NAIRA WEAKER AND VULNERABLE http://emerge-ng.com/newsletter-editr/?success=1 4 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 11:49am On Nov 07, 2014 |
datolee:bro you seem to be cunny, please not with me. Respond to this... barcanista: 2 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 11:51am On Nov 07, 2014 |
Abok1:I am still waiting for him to respond to what I asked him barcanista: 2 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by karlmax2: 11:51am On Nov 07, 2014 |
atlwireles:hahahahah their cluless hero |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 11:52am On Nov 07, 2014 |
Abok1: What you quoted, did you see when I wrote that the Government used external reserve to save private companies? What brought the argument. This is what I wrote Maku added: “This fall in reserves was a result of the vicissitudes of the global financial crisis which caused CBN interventions in the currency market to defend the value of the naira. You countered that the financial crisis started in 2007 so why didn't the external reserve depreciate during that time Pray tell, which global financial crises could be as massive compared to the one the world witnessed between 2007 - 2009 (during Yar'Aduas time) and Yar'Adua still managed to increase the foreign reserve to 62 billion in September 2008... to which I answered that yes the financial crisis started in 2007 but most in private sector, it was only in 2011 that it got to government sector neccessitating the need to use the external reserve What is the denials? 3 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Demdem(m): 11:54am On Nov 07, 2014 |
Iykopee: Fool, legality of military regimes is inconsequential during those years because they were common govt all over the world accepts them unlike what we have these current years. As at then, they were acceptable. That was the norm especially in Africa. Does that mean i currently support military regime? Of cos not. |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 11:56am On Nov 07, 2014 |
datolee:Are you aware that we are in 2014? The Price of oil as at 2009 was as low as $35 per barrel.. Meaning less money for yar Adua While that of 2010 was $89 per barrel and 2011 was $107 per barrel in 2011, meaning MORE money for Jonathan. Yet Yaradua did not r@pe the Reserve and The External Debt like Mr. Jonathan did. Infact, Musa added to the Reserve, Jonathan rather than add, depleted it. Is that progression? Meanwhile, I am awaiting your response to that poser 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:04pm On Nov 07, 2014 |
Datolee I am waiting... 2 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:04pm On Nov 07, 2014 |
barcanista: Your question is very shallow.. So far in this thread, I'm the only one who answer question one by one.. all you do is just messing around and never answered not one question. You always missed my point, Emefiele also used reserve to defend the naira, the question.. do he think that it is sustainable? No! But he was forced to do so just like Soludo, Only SLS think that it is sustainable to defend the naira http://businessnews.com.ng/2014/10/02/cbn-restates-commitment-defending-naira/ 9 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Amisec: 12:06pm On Nov 07, 2014 |
I am really ashamed here, calling on three soldiers to defend just one Army ( ) that cannot be defeated. Following the pass two threads, I have made my conclusions. I now understand that APc defenders have a clear motive, I almost got the fever. It is clear to me how Militancy is being compared to Boko, high rate of bunkering, sustaining Amnesty and etc, in terms of expenditures. I think for myself and do not follow the mainstream, with all the bashing and hatred for Get that I have heard and seen this year alone, I am surprised he hasn't spent nor looted half of the treasury. If I have to vote, my mind is made up on who to vote for. 4 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by blym4real: 12:11pm On Nov 07, 2014 |
Opiosko:You want to compare it with what president yaradua spent on the amnesty program. |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 12:12pm On Nov 07, 2014 |
datolee: Firstly, I take an exception to your choice of words, because never in my submission did I insult you as a person. Since we are clear on this, we can continue in our discuss. You just performed skoptsy by your own admission, and no amount of twists can change what you wrote. First you quoted Maku on datolee: and you further posited that datolee: At the bolded, "necessitating the need to use the external reserve " to? ..... crickets ...... (your guess is as good as mine)....... To save the private sector. You linked the fall to the global market, which we all know didn't affect Nigeria's earnings from crude oil; Rather, it increased it. so my question is this, which sector was the external reserve used to save if its not the private sector. This is based on your submissions and factual occurrences in Nigeria as a case study. You can't deviate from what you wrote, because for you to cite someone's explanation in your defence, you certainly agreed with the person's position. Your principal lacks tact and finesse laced with a massive dose of inferiority complex which has an underlining traits of paranoia. This has led you to consistently defend someone whom even Robert Gibbs would become frustrated in defending. Don't you ever get tired of your principal's lumpy policies? 8 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:12pm On Nov 07, 2014 |
datolee:Wait let get something straight... Under Yar adua regime, the Naira was defended, yet we had increase reserve Under Obasanjo regime same thing, yet we had increase reserve Under Jonathan same thing yet we get depleted reserve At a point the Naira was devalued in EVERY regime... But it was necessary at that time. It wasn't perculiar to Jonathan. Yet his case is different. Meanwhile: The Oil Price under Objs started at less than $20 per barrel in 1999 and peaked at $90 in 2007 That of Yar adua peaked at $147 perbarrel, as at then the reserve was $64billion, ALL time hgh. It only slipped when the oil price dropped to $35 during the economic meltdown. He also rescued banks. Yar adua still had to bear the burden of the extra subsidy bills Jonathan's Reserve have been going downward, he has been enjoying a good Oil Price at $88 to 107$ for the past 4years.. Something non of his precessors enjoyed. Jonathan had the privilege of Subsidy removal since 2012. Instead of his Reserve to GO UP, it is depleting. Only Jonathan BLEEPED our debt without Mercy. My friend How do you explain this? Remember to use EVERY economic indices. You keep dodging this interesting part of OIL Market Price. You are very funny bro 3 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Djicemob: 12:17pm On Nov 07, 2014 |
Give us Fashola or Kwankwaso and GEJ will be returning home, but Buhari, I pray heaven.. GEJ till whenever Buhari stops contesting election in this country - datolee Who in their right thinking mind would place Buhari ahead of Fash and kwankwaso to rule nigeria biko? These are proven and tested men.For crying out loud Buhari is old,anti-democratic,manifesto-less,negatively inciteful,a sharia supporter,serial election loser and always appears unintelligent which can be noticed from his various pre/post election statements... to mention a few. Damn! |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:18pm On Nov 07, 2014 |
Abok1: Apologies for the choice of word used, i will withdraw that. However, my argument still stand.. Financial crisis started in 2007 but nobody touched the foreign reserve because it was affecting mainly the private sector however, by 2011 when the crisis got to the goverment sector, and the currency value was being affected, the External reserve was used to defend the naira. At no point did i say that external reserve was used to bail out private companies. 4 Likes |
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