Sheggy13:

Stop turning facts in its head mister. NOI wasn't referring to the constitution with that statement. She was categorical. She said she served under two regimes (OBJ and GEJ) and said under one, there was a political will to save and under the other, that will was absent. We all know which regime saved and which one didn't. Thankfully,both regimes operated with the same 1999 constitution. So what other twist will you come up with? If you want, I can furnish you with links to that publication. Whichever way you look at it, GEJ was a total disaster, though he had few props in way of reorganizing INEC and upholding the rule of law to an extent. Asides that, he was a mistake of a leader especially in a period of boom which we experienced between 2011-2014.
PS: If you are gonna come up with the excuse of governors didn't allow him save, like governors never existed during OBJ time. Do you know the FG takes the lion share of any allocation done? Pray tell, why couldn't the Jonathan-led FG save their own portion after giving the states theirs? There was global recession in 2008. Even top economies like the UK and USA were affected. Nigeria was immune from that owing to the strong will of OBJ who was able to jealously guide the future of his country and not spray dollars about like the buffoon did in the last election. Someone who as governor of a small state like Bayelsa couldn't do anything enviable was brought to rule a complex entity like Nigeria. It's a pity.

Izonpikin:
I hope obasanjos 16billion dollars for power is part of the money he saved??...


What you should be after right now is for a restructuring of our constitution to ensure presidents are under duress to save and that governors can't take them to court for doing that...

Instead of throwing blames at who didn't save more let us restructure this goddamn nation...Just take a look at features for the sharing of the Niger delta wealth in the constitution...by land mass,population density and some other shiiiiit...Niger delta raped from time immemorial...

Whynotthetruth:


link to $74 in ,2014 when warning was issued plz

Sheggy13:

Okonjo-Iweala who's more knowledgeable than you and directly involved in both administrations affirmed that OBJ saved which was what saved us from the 2008 global recession and you are here talking about money spent on power? You mean a government has to be put under duress to do what is right? I asked, what happened with saving the FG share of this excess crude which was the biggest chunk, compared to that of the states. While I agree to restructuring, saying we should shut up and not put blames at the door steps of those culpable in getting us where we are today is where you're wrong. OBJ had his own faults, part of which you've highlighted-Power. What kills us in this country is the idea that because you're supporting someone, he can do wrong and cannot be blamed and that is same mistake people are making with Buhari now.
You're talking about Niger Delta being raped. The major problem there is more of bad and insincere leadership. Can you give me a justification for why states like Edo and Anambra with bigger civil service and population and about half of the allocation of Bayelsa can pay worker's salaries till date while teachers in Bayelsa are on strike owing to a backlog of 7 months salary?

zaboy:


OBJ did save...up to 22 or 24bn dollars i think (though Governors tried to stop him, but he overpowered them somehow). That was what we used when oil prices crashed in 2008/2009, hence, we didn't feel any recession.
I think he was referring to GEJ, he caved in when governors demanded that ECA be shared. Like i said, what was done with the money? bith at state and federal level?

Sheggy13:

Stop turning facts in its head mister. NOI wasn't referring to the constitution with that statement. She was categorical. She said she served under two regimes (OBJ and GEJ) and said under one, there was a political will to save and under the other, that will was absent. We all know which regime saved and which one didn't. Thankfully,both regimes operated with the same 1999 constitution. So what other twist will you come up with? If you want, I can furnish you with links to that publication. Whichever way you look at it, GEJ was a total disaster, though he had few props in way of reorganizing INEC and upholding the rule of law to an extent. Asides that, he was a mistake of a leader especially in a period of boom which we experienced between 2011-2014.
PS: If you are gonna come up with the excuse of governors didn't allow him save, like governors never existed during OBJ time. Do you know the FG takes the lion share of any allocation done? Pray tell, why couldn't the Jonathan-led FG save their own portion after giving the states theirs? There was global recession in 2008. Even top economies like the UK and USA were affected. Nigeria was immune from that owing to the strong will of OBJ who was able to jealously guide the future of his country and not spray dollars about like the buffoon did in the last election. Someone who as governor of a small state like Bayelsa couldn't do anything enviable was brought to rule a complex entity like Nigeria. It's a pity.

cyrilamx:
you want proof, plz click on these links and see how Gej destroyed our economy...they akready borrowing wen oil slipped below 79 dollar per barrel budget benchmark. Saudi Arabia that has a foreign reserve of more than 100 billion dollars and population of 20 million people started cutting down civil Servants salaries..
At less than 40 dollar per barrel buhari is still navigating Nigeria economy, paying salaries..plz let give honour to whom honour is due. So see the links u asked for.

Brace for tougher times ahead, Okonjo-Iweala tells Nigerians - Premium Times Nigeria http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html

Broken, Looted Economy: Get Ready For Suffering - Ngozi Okonjo-Iweala Tells Nigerians - NewsRescue.com http://newsrescue.com/broken-looted-economy-get-ready-suffering-ngozi-iweala-tells-nigerians/#axzz4KBRwvf4o


Economic recession: Prepare for hardship, experts warn | newsheralddotme https://newsheralddotme./2014/11/24/economic-recession-prepare-for-hardship-experts-warn/

I think these will suffice...if you want more warnings, I will post. If u are objective enough, you will agree with me that corruption coupled with looting of our common resources by insignificant few who cut across ethnic, religious, gender and political divide, are reasons we suffering as a nation.

solace2013:
Prof Bolaji Akinyemi is becoming old and I think senility is setting in gradually. Under this same 1999 constitution, OBJ saved up to $67billion in our reserve and ECA, Late President Yar'adua also saved little. No one blamed them for saving, they weren't jailed for flouting the constitution. GEJ came, oil sold for more than $100/barrel for 4 out of his over 5 years in the saddle, he didn't save. One old man is helping hi to adduce reason for his failure to save, blaming the constitution. Yes the constitution didn't allow him to save but it allowed him to waste his earnings for 5 years and like a marauder, plundered our reserves on his devilish 2nd term agenda, shame on GEJ and all of you that are supporting his Squandermaniac administration.

cyrilamx:
you want proof, plz click on these links and see how Gej destroyed our economy...they akready borrowing wen oil slipped below 79 dollar per barrel budget benchmark. Saudi Arabia that has a foreign reserve of more than 100 billion dollars and population of 20 million people started cutting down civil Servants salaries..
At less than 40 dollar per barrel buhari is still navigating Nigeria economy, paying salaries..plz let give honour to whom honour is due. So see the links u asked for.

Brace for tougher times ahead, Okonjo-Iweala tells Nigerians - Premium Times Nigeria http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html

Broken, Looted Economy: Get Ready For Suffering - Ngozi Okonjo-Iweala Tells Nigerians - NewsRescue.com http://newsrescue.com/broken-looted-economy-get-ready-suffering-ngozi-iweala-tells-nigerians/#axzz4KBRwvf4o


Economic recession: Prepare for hardship, experts warn | newsheralddotme https://newsheralddotme./2014/11/24/economic-recession-prepare-for-hardship-experts-warn/

I think these will suffice...if you want more warnings, I will post. If u are objective enough, you will agree with me that corruption coupled with looting of our common resources by insignificant few who cut across ethnic, religious, gender and political divide, are reasons we suffering as a nation.

NgcoboP:
sensible

cyrilamx:
Did these "crooks" for that what they are also prevent Gej led federal government not to save it's own 50 percent share after the States have collected theirs? NOI already subtly accused Gej of lacking political will to save. Not minding his simplistic outlook, Gej was a disaster as president. At 78 per barrel Gej and NOI already warned Nigerians in 2014, to brace up for austerity and followed suit borrowing to pay salaries.

Whynotthetruth:


Thanks so much @Bluet o for the apt response...

1) From what you dropped, where's the proof of destruction? Is it that crude was selling below budget benchmark and an alarm was raised? Isn't it a sign of proactive government who saw the signs of gloom and raised alarm for all to sit up? Or you wanted them to be reactive like Buhari who waited till investors had run away from Nigeria and economy brutally destroyed before removing his mechanical hedge on forex?

2) What's correlation between your rant and Saudi Arabia story now? Or you just wanna sound intelligent to your own ears? Are you per chance insinuating Jonathan should have cut down civil servants salaries too?...He was intelligent and smart enough to shift burden of crude price fall to the rich with their luxurious lifestyle and ostentatious living by means of his austerity measures; but Buhari brought on all especially the poor masses...

3)Crude price has being somewhat above $40 and is even above $50 dollars now...with Buhari borrowing over 2.2trillion which NOBODY can explain how And what it was used for including Minister of Finance...and a supposed human being is telling me that buhari is navigating economy ..smh

4) Budget benchmark for 2016 is about $38 and crude is selling way above that...so kindly tell me how much Buhari has SAVED and what is in our reserve now Am waiting...

5)If Jonathan destroyed Nigeria's economy by such awesome policies like YOUWIN, PRESSID, E-,wallet, Auto policy , etc which were HIGHLY successful and it's drivers globally acclaimed then and now... Kindly drop here for us the current economic blueprint of Buhari with which he's navigating the economy according to you ...Name a single positive policy formulation of Buhari's administration almost 2years in office....am waiting

6) Jonathan borrowed to pay ONLY April 2014 salary when 2014 budget wasn't yet appropriated but NEVER borrowed to pay from May 2014 onwards ...FACT# ...so why the lie? What did buhari use 2.2trilliom for? No capital project of his own having exhausted almost two years budget...NOT a single road constructed in 2years of governance and he's navigating economy according to you Name a single project Buhari has initiated in 2years of leadership

7) Anambra state PROVED that states ought to save and stay afloat in times like this...what happened to 99% of APC states who NEVER saved but swimming in debts, some like Osun even to the next 35years notwithstanding inability to pay salaries by them... Jonathan saved something notwithstanding efforts by APC governors to STOP him from SAVING; and handed over some little savings to Buhari from ECA, SWF etc What has Buhari added to these funds ... Remember, Buhari is NOT paying Subsidy for any product

Corruption is NOW celebrated under Buhari with executive rascality... Corruption ranging from employment behind closed doors of Buhari's kids and friends into choice MDAs ...to CBN turning into microfinance bank of his cronies and churning out billionaires at detriment of economy...to borrowing over 2.2trillion which even finance minister doesn't know it's usage ... to judges now issuing highly conflicting judgements depending on executive needs, ...to INEC contesting in elections now as umpire and candidate...to DSS becoming executive attack dog...and others too NUMEROUS to mention

ONLY a BIGOT and INSANE human being will celebrate what is happening to Nigeria economy presently without qualms of conscience...when parents exchange kids for bag of rice and pots of soup are policed daily to avoid stories that touch

khSteel:


The warning was IF Nigeria does not stop paying subsidy on petroleum products. and they were right.

The higher the oil prices, the higher the subsidy payouts.

The Civil Service connived with marketers to defraud FG of huge monies, and GEJ/NOI saw the danger ahead and wanted to remove the subsidy so that there will be plenty money for more infrastructural developments but some hateful myopic clowns antagonized the best intentions of GEJ administration; only to come out years later to talk bubuyaya.

cyrilamx:
My bone of contention is what prevented the FG under Gej to save it own share? The governors irrespective of party affiliation united to demand their share and squandered it. Why didn't FG save? It is o record that Gej admn made 51 trillion naira from sale of crude oil in his 5yrs as president when oil sold at its highest. Let keep sentiments aside we foot soldiers ar ar one suffering it. Rember NOI accused him of lacking political will to save. He wasn't firm enough.

khSteel:



You still don't get it.

Try make your research and find out how much was paid as subsidy within the last 5 years?

some people in DPR/PPPRA/NNPC and co colluded with marketers to defraud the FG through the subsidy payment.

among all the billions of dollars paid as subsidy payments, none of those monies came from any of the state government; the FG paid those monies 100%.

Also, find out how much was paid to NEPA/PHCN staffs as severance package before FG could privatize NEPA/PHCN, none of the states contributed N1 for that transaction.

You are yet to provide evidence on this N51 trillion claim, kindly do the needful.

Please, keep sentiments aside and debate with facts. Thanks in advance.

cyrilamx:
Did Obj not pay subsidy claim? But could still save. Guy stop defending Gej. He failed indeed. What about the dasuki cash free for all that he authorised? And our soldiers lives were mortgage? Whether Apc or PDP, it high time we stopped defending these evil men/women. If we can lynch petty thieves why take a bullet for those who brought miseries to us?