Fastest growing is not necessarily a positive comment. It may be the fastest growing slum in Nigeria for all we know.

seanet02:

@nchara, so you were living under the rock in the isolated desert of yours when OKIGBO TALK OF $12.5 BILLION GULF OIL EMBEZZLED BY THE EVIL GENIUS. You reason like a reptile of the arabian desert trying to break a rock with his softened head.

http://www.punchng.com/Articl.aspx?theartic=Art2008031615375131
compare 12 bill to 16 bill for Obj, plus all the side kicks from Kenny Martins, Bode George, Tafa Balogun, Iyabo, Osomo, Fani Kayode, Borishade, late sunday Afolabi, etc etc

Nchara:

compare 12 bill to 16 bill for Obj, plus all the side kicks from Kenny Martins, Bode George, Tafa Balogun, Iyabo, Osomo, Fani Kayode, Borishade, late sunday Afolabi, etc etc

Guy we know now what do you want to do about it?

^^^^^^
hahahahah! I want to sound it into your skull. So that when people like Bluetooth come with their bull, you know what's up.

@nchara, Its just that you have, abdusalam $17b, abacha $25b, atiku PTF 10B You are really what your name means.

^^^^^
Please give also the figures for those OBJ side kicks. There are at least 100 billions stolen by Obj and his boys

@nchara, $100 billion? So how much did Nigeria earn during obj tenure?

Nchara:

http://www.punchng.com/Articl.aspx?theartic=Art2008031615375131
compare 12 bill to 16 bill for Obj, plus all the side kicks from Kenny Martins, Bode George, Tafa Balogun, Iyabo, Osomo, Fani Kayode, Borishade, late sunday Afolabi, etc etc

Hey, Biafran Billy-goat, first you said it was $5billion now u say $12 billion. . . .which is it? Or is this the usual Ibo way of lying and shifting goals posts. . . . .

I blame Yoruba people and Lagos!!!

seanet02:

@nchara, $100 billion? So how much did Nigeria earn during obj tenure?

Read the article below, convert the stated amounts to dollars and lets see how much you get (+ egunje from other small, small sources). Meanwhile, of the 10 years in question (1999-2009), Obasanjo gets 8 years (1999-2007). So do the math

Nigeria earned N34tn in 10 years — Report
By Stanley Opara
Tuesday, 3 Aug 2010
 


Nigeria earned N31tn from the oil sector and N3tn from the non-oil sector between 1999 and 2009, a report by Economic Confidential said on Monday.

The report said while N7tn was realised in 2008 alone, former President Olusegun Obasanjo’s administration generated over N26bn from oil and non-oil revenue.

It added that the oil sector accounted for 89.28 per cent of the total revenue while the non-oil sector, including solid minerals, generated 10.72 per cent of the total sum.

According to the report, “In the 10 years of elected government in Nigeria, the sum of N31tn was generated from the oil sector while N3tn was from the non-oil sector of the economy.

“The table of the revenue which Economic Confidential provides shows that oil sector accounted for 89.28 per cent, while the non-oil sector, including solid minerals, generated 10.72 per cent of the gross revenue.”

Analysing annual crude production, the online journal said Nigeria produced 8.1 billion barrels of crude oil in the 10 years under review, with over 900 million barrels generated between 2004 and 2005 respectively.

But the report noted that the figures indicated that there was a shortfall between the estimated annual crude oil production and the actual production in eight years.

It also said that production was largely hampered by the activities of Niger Delta militants and oil thieves.

It added that the country only exceeded the budget estimates in 2003 and 2004 by producing 846 million and 910 million barrels as against the budgeted 766 million and 817 million respectively.

It attributed improved revenues over the years to increased production quota and high prices of crude oil in the international market.

The Federal Government had through the Minister of Finance, Mr. Olusegun Aganga, allayed fears that the non-release of funds to implement certain projects in the country was an indication of the nation’s poor financial standing.

Aganga, who made the clarification at an interactive session organised by the House of Representatives Committee on Millennium Development Goals, also said Nigerians should not interpret the non-release of funds to ministries, departments and agencies as and when due as an indication of financial difficulty.

According to him, Nigeria’s revenue profile went up by 76 per cent recently.

The committee chairman, Mrs. Saudatu Sani, had lamented that most of the MDGs projects across the 36 states could not commence because of non-release of funds by relevant ministries and agencies.

She also decried the non-implementation of the “Quick Win” projects of the MDGs geared towards improving the lives of Nigerians at the grass roots due to zero cash backing.
http://www.punchng.com/Articl.aspx?theartic=Art201008034471396

interesting thread, how come i never saw it then.