winterfell007:
i was beginning to wonder. people read with their brains upside down. lack of political will didn't mean Jonathan never wanted to implement it. she meant that the forces surrounding the opposition they faced from the government of the regions. The most important thing is that NOI proposed to restart the savings and presented the propasal to her boss, GEJ who agreed to begin the process. they were vehemently opposed by the Amaechi's governors forum who went as far as getting a court injunction to stop NOI from further depositing monies into an account that is not recognized by law.

Now the question i ask is do u expect a sitting president to defy court orders? If Jonathan had stubbornly went ahead to implement the order. does that speak well of president who expects every other Nigerian to be law abiding.?

theshadyexpress:


she did not double speak,it was you that just heard what you wished to hear, Every sane mind know who is to blame for lack of savings and if you need a hint just check the zombie cabinet

nijanigga:

buy yourself some sense.

chukwudi44:


NOI and GEJ had the political will to save and actually communicated that to the governors who resisted and led by Amaechi and Fashola went to the supreme court to get an order compelling the FG to share the money.Anyone who still blames GEJ after these disclosures is demented.

I hereby challenge your attempt to blame others for not saving for the rainy day. It is not a virtue when you are quick to appropriate all the credit when things are going well, but shift the blame when they go wrong. You blame the state governors— who, according to you, have taken the Federal Government to the Supreme Court—not that a Supreme Court judgment forced your hands. For your information, the governors have never agreed to savings and always threatened court action even under Obasanjo. Why did we save under Obasanjo but not under Jonathan? Two keywords explain it: leadership and integrity. Governor Amaechi said the governors insisted on sharing the funds because they found out that you were illegally fiddling with the savings. So, as Nigerians still wonder, if billions of dollars are now ‘missing’ under your nose, why should governors trust you to keep their money? Do the states that have taken the federal government to the Supreme Court and refused to save also include the PDP governors—who are in the majority? If so, then it is fatal: even governors of your own party, PDP, do not trust you to keep their money! Furthermore, did the governors also stop the Federal Government from saving part of its share? If you ran a surplus budget at the Federal level, you would have had credibility to blame others or to say they did not listen to your advice. The key point is that since you were running huge deficits yourself, it was also in your own interest to share the ECA. You did not show leadership or credibility, full stop!

masterblogger:
This is a counter thread. Here is the thread.

https://www.nairaland.com/3048820/nigerias-problem-lack-save-under

https://mobile.facebook.com/story.php?story_fbid=1133688053348124&id=204329982950607&refid=28&_ft_=qid.6273830349039039477%3Amf_story_key.-2233196737761881421&__tn__=%2As

theshadyexpress:


let me lecture you on how government works just incase youre ignorant

The FG's share of federal revenue has been provided for in the Appropriation act as a source of finance for the budget, the executive dare not use a dime of that money for another purpose other than what is stated in the appropriation act cos that in itself is an impeachable offence, the best bet was to source for savings from the ECA as it is monies yet to be shared and so hasn't made its way into the FG purse. does this mean the money will be spent by the FG without the consent of states by the fg? definitely no, what it means is that all excess monies will be saved in trust for all tiers of govt until such a time when there is a cash crunch and the monies will be shared with amongst all tiers with the already existing sharing formula

and if i may ask why didnt APC states also save their share too or were they not in govt during those times too?
stop been ignorant it wont make you appear wise

theshadyexpress:


The question is what is buhari's economic policy cos the last time i checked even the femi adeshina does not have an answer to this

theshadyexpress:


she did not double speak,it was you that just heard what you wished to hear, Every sane mind know who is to blame for lack of savings and if you need a hint just check the zombie cabinet

aieromon:


Charles Soludo, February 2015

aieromon:


Charles Soludo, February 2015

winterfell007:


my brother pls don't bother replying them. they are a lost course. i wonder, if Amaechi and his gang had trust issues Jonathan's regime in safeguarding the monies, why couldn't they have opted for seperate account to be operated by them? we all seem to blame NOI and GEJ no one seems to be blaming the ex governors for their stiff opposition towards that critical issues of national importance.

wirinet:


I am sorry to say but you guys talk like illiterates, NOI had the political will to save but could not put political structures in place to ensure savings are guaranteed. So you expect NOI to just inform the governors that she wants to save their part of the revenue and she can now start deducting any amount she likes from the federation accounts and she can can spend the money unilaterally and inform the governors later if the ask questions.

If you say Jonathan had the political will to save, did the government attempt to change the laws to ensure savings? Did Jonathan proposed a system of savings acceptable to all stakeholders of the federation accounts? Did Jonathan send an amendment to the constitution to enshrine savings. Did Jonathan lobby the governors, the national assembly and his party on the need to save?

read this from Soludo;


You see, madman iweala is just throwing excuses around for her incompetence.

seunmsg:



You don't have to insult me before making your points. Keep the discussion civil and answer my question.

Under OBJ, who gave the needed political will to save when governors of that era also opposed saving vehemently?

chukwudi44:


NOI and GEJ had the political will to save and actually communicated that to the governors who resisted and led by Amaechi and Fashola went to the supreme court to get an order compelling the FG to share the money.Anyone who still blames GEJ after these disclosures is demented.

winterfell007:
i was beginning to wonder. people read with their brains upside down. lack of political will didn't mean Jonathan never wanted to implement it. she meant that the forces surrounding the opposition they faced from the government of the regions. The most important thing is that NOI proposed to restart the savings and presented the propasal to her boss, GEJ who agreed to begin the process. they were vehemently opposed by the Amaechi's governors forum who went as far as getting a court injunction to stop NOI from further depositing monies into an account that is not recognized by law.

Now the question i ask is do u expect a sitting president to defy court orders? If Jonathan had stubbornly went ahead to implement the order. does that speak well of president who expects every other Nigerian to be law abiding.?

jojomario:
@op, how much dem pay u?

I note that when I assumed office as Governor of CBN, the stock of foreign reserves was $10 billion. The average monthly oil price during my 60 months in office was $59, but foreign reserve reached the all-time peak of $62 billion (and despite paying $12 billion for external debt, and losing over $15 billion during the unprecedented global financial and economic crisis) I left behind $45 billion. Recall also that our exchange rate continuously appreciated during this period and was at N117 to the dollar before the global crisis and we deliberately allowed it to depreciate in order to preserve our reserves. My calculation is that if the economy was better managed, our foreign reserves should have been between $102 –$118 billion and exchange rate around N112 before the fall in oil prices. As of now, the reserves should be around $90 billion and exchange rate no higher than N125 per dollar.

masterblogger:
Ye shall know the truth.

Please for those of you who always develop passion for calling GEJ names please kindly know that it was not easy for GEJ. GEJ was the only 'complete civilian' that ever ruled Nigeria, from a minority, even in his state he is also from a minority. He has more experience in governance than any president we ever had (having served in state and federal level for years). He gave Nigeria his very best. No fuel queue, prompt payment of salary, created lots of jobs from the federal universities, sure p, youwin, Gis, converted our COE to federal, light was not this skeptic, travelled less, freedom of speech, no political murder or arrest etc.

The man is angel.

Every leader has its lapses. Buhari though has good intention for Nigeria, he also has his own challenges. Let's support them

jojomario:
@op, how much dem pay u?

18wheeler:

I liked your post for the last three sentences. And I like you for that.