PHijo:


You are either ignorant or deliberately trying to be mischievous! In the history of Nigeria no one has built as many power plants as Jonathan did in 5 years.

Oil legislation is passed by parliament and not the president or petroleum minister. That is the area the Fulani and their lookalike core Northern brethren come to fore. Diezani tried all she could to make them see the benefit of passing the PIB, all to no avail because of Fulani short sightedness.

You fail to also add the fact that oil output was down by a 3rd when GEJ took over. Politicians like Amaechi, Oshimole and Fashola sued Jonathan to court for his attempts to create financial buffers.

If the core North wasn't part of Nigeria, Nigeria would have been, at the very least, a middle income country like Ghana or Kenya.

I wouldn't insult you and I am not ignorant.

You are correct that both Fashola and Amaechi bullied GEJ to access the $32 billion excess crude oil funds and wasted the funds on state consumption and corruption. The five power plants were all bought and paid for by OBJ government, between 2006 and 2007 and delivered by GEJ

But GEJ government still had access to high oil prices plus $68 billion in reserves and less than $5 billion external debts.
https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/

fulaniHERDSman:

Sweet & Bitter News.

Nigeria on the Cross ... It is almost finished!!

Zombies be like "if only Jonathan saved...."
When E remain months make their dulllard clock same time Jonathan spent in that good for nothing Rock.

Una no just get head to think
What if Buhari haven't diversify the economy into Agriculture which is now 40% against 10% of GEJ? What if looting continues just like in GEJ regime? What if there was no border closure? Won't it even be worse than this? Think well before you speaks please, criticize constructively, be an opposition that wants to put Government right and not DOWN. Cause ultimately, we will ALL feel the heat

[s]

ThatFairGuy:


Una no just get head to think
What if Buhari haven't diversify the economy into Agriculture which is now 40% against 10% of GEJ? What if looting continues just like in GEJ regime? What if there was no border closure? Won't it even be worse than this? Think well before you speaks please, criticize constructively, be an opposition that wants to put Government right and not DOWN. Cause ultimately, we will ALL feel the heat

[/s]

sulaak:


I wouldn't insult you and I am not ignorant.

You are correct that both Fashola and Amaechi bullied GEJ to access the $32 billion excess crude oil funds and wasted the funds on state consumption and corruption. The five power plants were all bought and paid for by OBJ government, between 2006 and 2007 and delivered by GEJ

But GEJ government still had access to high oil prices plus $68 billion in reserves and less than $5 billion external debts.
https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/

You clearly ignored the production output aspect!

Your claims on the power plants isn't true, there were several power plants he increased capacity from the previously planned output. According to what we were told under late Yar'Adua, $16billion allotted for power by Obasanjo disappeared without anything to show for it.

Under Jonathan there was salary increment for the civil service, subsidy payments increased significantly in the government's bid to avoid product scarcity, the CBN had bail out banks.

Blaming Jonathan for not "saving " is wrong!
He did all within his constitutional powers to make that possible but Nigerians and their governors refused.

Russia built up her massive reserves only after 2016.
The problem in Nigeria is that we are not one, if Jonathan was a Fulani man he would have probably gotten the political support he deserved to change things.

DAVE5:


Bros the current government would not allow what you suggest to happen, if Nigeria gets better there won't be a need for us to collect loans in future and therefore not enough avenue to steal free money nah


Nigeria does not lack ideas on how to become a world giant, but it suffers because there's too much thieves that steal from the source

Imagine your mum had 30 kids and she's cooking a pot of stew, meanwhile 25 out of the 30 kids decide steal from the pot and even steal the ingredients for the rice without waiting for it to be cooked, abeg wetin go remain for the 5 children

I love your analysis. But you should put the last paragraph this way " imagine your mom had 30 kids and she's cooking a pot of stew, meanwhile, 5 out of 30 kids decide to steal from the pot and even steal the ingredients for the rice without waiting for it to be cooked, abeg wetin go remain for the 25." In Nigeria, It's minorities that steal from the majorities. Those who are stealing from Nigeria purse are not up to 10% of Nigeria populations.

awgumayor:
I love your analysis. But you should put the last paragraph this way " imagine your mom had 30 kids and she's cooking a pot of stew, meanwhile, 5 out of 30 kids decide to steal from the pot and even steal the ingredients for the rice without waiting for it to be cooked, abeg wetin go remain for the 25." In Nigeria, It's minorities that steal from the majorities. Those who are stealing from Nigeria purse are not up to 10% of Nigeria populations.

Lol, that's the situation we find ourselves in

PHijo:


You clearly ignored the production output aspect!

Your claims on the power plants isn't true, there were several power plants he increased capacity from the previously planned output. According to what we were told under late Yar'Adua, $16billion allotted for power by Obasanjo disappeared without anything to show for it.

Under Jonathan there was salary increment for the civil service, subsidy payments increased significantly in the government's bid to avoid product scarcity, the CBN had bail out banks.

Blaming Jonathan for not "saving " is wrong!
He did all within his constitutional powers to make that possible but Nigerians and their governors refused.

Russia built up her massive reserves only after 2016.
The problem in Nigeria is that we are not one, if Jonathan was a Fulani man he would have probably gotten the political support he deserved to change things.

You just confirmed my position, GEJ wasted the increase in oil price and reserves on wasteful consumption and subsidies.

In 2012 he had the chance to cut subsidies but backed out against the advice of his senior ministers. What kind of government increase workers salaries in 2013 and then starts borrowing to pay workers salaries in 2015.

Even you can't deny that GEJ government has no logic, only 5% of Nigerian work for the government so increasing their salaries doesn't even make political sense.

By 2015 ...

Nigerian govt borrowing billions to pay salaries – Okonjo-Iweala

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.

Despite past efforts to reduce government borrowing level, she said the acute cash flow problems forced the government to take the decision to curb the negative impact of revenue crunch.

The Minister said about N380billion came from external sources, while the balance is for domestic borrowing.
https://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

sulaak:


You just confirmed my position, GEJ wasted the increase in oil price and reserves on wasteful consumption and subsidies.

In 2012 he had the chance to cut subsidies but backed out against the advice of his senior ministers. What kind of government increase workers salaries in 2013 and then starts borrowing to pay workers salaries in 2015.

Even you can't deny that GEJ government has no logic, only 5% of Nigerian work for the government so increasing their salaries doesn't even make political sense.

By 2015 ...

So why did the likes of Buhari, Tinubu, Fashola do "occupy Lagos"?
Wasn't it all in a bid to prevent subsidy removal?
Jonathan tried to remove subsidy in less than 1 year after he was elected. That tells you how serious he was about putting the right policies in place.
Workers salary was not increased in 2013, it was increased in 2011.

eruchboy:
Demand is at an all time low
That spells economic doom for this shithole
Oil price is dropping but price of fuel is still up
Fed govt & nnpc have turned nigerians to money making machines

Exactly!

Who is still mentioning Jonathan now?
I am surprised!

PassingShot:

Dolt, GEJ had savings in treasury but he was Owing federal workers salaries and actually borrowing to pay as well.

Senior Dolt, you said Buhari paid. From his grandfather's savings or from where exactly? LMK

Obrigardo:


The incompetent dear leader has everything to do with it from ceding protected lands to them for drilling and relaxing environmental pollution rules so they can keep on their failed drilling. Same format he used for steel workers, coal workers etc, do you still hear about coal anymore? trump is an inept failure

You are not as clever as people around you might tell you: By giving more land for the same drilling that made US energy independent? BTW, Obama takes credit for energy independence as it happened while he was in office. And it's the democrats (climate change people) that pushed coal over the edge. It was on the way out anyway.

Reading your post, I'm entirely sure Africa deserves the leaders it has. Anything better would be thoroughly undeserved.

I'm no Trump fan by the way

wirinet:

Believe me you are the ignorant one here. Both solar power and electric cars depends on batteries. You can charge your car batteries with any electrical source - solar, hydo, gas powered or petrol powered generator, etc. The same thing with a solar power system, you can charge your batteries from any source.

The amount of power you can generate with solar panels depends on the size and total number of panels. The amount of power you can store when the sun is not shining depends on the size of your battery bank

so u mean, u have to install several thousands of square meters of solar panel to charge a car, bro no let me talk oo!
Lord help dis generation, cos google fking dem up so badly.

salford1:

Typo. 40GW or 40000MW is what I intended to write. But I like how you dodged the graph I posted. I will post it again.

Don't pity my generation Abeg. I and many others are doing super fine. I thank God that we do need oil to survive. I used to work in the oil industry but left in 2015. Best decision ever.

lolz i saw d gragh, i lost interest when i saw 'install capacity'.

PHijo:


So why did the likes of Buhari, Tinubu, Fashola do "occupy Lagos"?
Wasn't it all in a bid to prevent subsidy removal?
Jonathan tried to remove subsidy in less than 1 year after he was elected. That tells you how serious he was about putting the right policies in place.
Workers salary was not increased in 2013, it was increased in 2011.

GEJ didn't try at all. He let down his ministers and his government.

Iweala, Sanusi and Diezani Alison-Madueke all campaign with good reason that oil subsidies MUST be removed and the saving invested in power, fixing the refineries and rail. The useless Oshimole and other union leaders debated the removal of all subsidies.




The 2012 debates:


https://www.youtube.com/watch?v=RLd8o8z-2CU

In 2011 alone, Nigeria’s fuel subsidy cost the country an estimated $8 billion and the price tag for 2012 was expected to be even greater. https://www.brookings.edu/opinions/removal-of-fuel-subsidies-in-nigeria-an-economic-necessity-and-a-political-dilemma/

Here...

salford1:

What is the cost of production of Nigerian Crude?

Izigha:
Shagari dnt start anything in Ajaokuta. Shagari became president in 1979, the contract was awarded in 1967.

Huh. The project started in 1979 by Shagari. Watch this video at 5min 5secs:
https://www.youtube.com/watch?v=-dxaHdH6VXk
I stand to be corrected, if you can provide references that proves me wrong.
Here is my reference...
"In 1967, Soviet experts recommended prospecting for iron ore in Nigeria, as the known deposits were of poor quality for steelmaking. In 1973, iron ore of the required quality was discovered in Itakpe, Ajabanoko, and Oshokoshoko. The Ajaokuta Steel Company Limited was incorporated in 1979, and the steel mill reached 98% completion in 1994, with 40 of the 43 plants at the facility having been built."
https://en.wikipedia.org/wiki/Ajaokuta_Steel_Mill

As you can see, the project was NOT started in 1967. It started in 1979 under Shagari.

Izigha:

I like the way you jump from Shagari to OBJ

Fill in the blank. I didn't know I had to mention every single president to satisfy you.
No need for the minutia. Just focus on the big picture, which is that Ajaokuta could have made Trillions of dollars for Nigeria. Why do Nigerians love to argue? You quote dates and can't even get that right.

Izigha:

Kudos for what exactly?

Ah, it's now clear where you're going. Personal vendetta against Buhari.
I'm a more evolved thinker. When people like you hate, you hate 100%. I don't do thta. If I dislike someone, it does not stop me from giving credit where due.
Buhari has been atrocious on security. for that he gets low marks. Nevertheless, he has done some good things, such as Ilorin-Jebba road. Kudos on that.
Ajaokuta is being resuscitated. Kudos on that too.

https://www.youtube.com/watch?v=4H_JoqjDbUk

Politics of hate shows crude thinking. That is something that happens to be killing America right now, where Democrats only attack Trump, and never see anything good he does.

codemaniacs:


you're forgetting external interests.. easy oil money is not an excuse.. which countries would have been and will be affected if Nigeria's steel industry was working. that's what you also need to consider.

buhari has been a military president before so he could have resuscitated it then..

It is not an either or. Easy oil money is a factor too.
Why did Nigerians abandon agriculture? Was it because of external influence too, or because of easy oil money?

codemaniacs:
buhari has been a military president before so he could have resuscitated it then..

Yes he didn't then. But he is now. Does his past conduct invalidate his current actions? Or are you saying Buhari did not approve $1 billion for getting the project working?
what is the point you're trying to make exactly?

asamaigho:

so u mean, u have to install several thousands of square meters of solar panel to charge a car, bro no let me talk oo!
Lord help dis generation, cos google fking dem up so badly.

I have been dealing with Solar power for over 10 years. I am working on building lithium ion battery banks, so I know exactly what I am talking about.

TheAlchemist:


You mean Nigeria has now become a charitable organisation selling its crude far below its cost of exploration, production $ transportation. What kind of business model is this?

Nigeria doesn't dictate the price of crude . Remember!

Love this

[quote author=codemaniacs post=88682492]
if Fulani's and Hausa are removed from Nigeria then Nigeria's population is cut by half which means southern Nigeria Per Capita income will be over $6000 annually compared to the over $2000 it currently stands at. plus the other investments southern Nigeria will invest into.


most of Nigeria's money comes from the oil rich eastern Nigeria,


Did i just hear you say "oil rich eastern Nigeria"? Please eastern Nigeria is outdated. Now is Niger delta. The south east has no business in oil. So if you cut out the igos from your very outstanding idea, then you could predict an unimaginable prosperity for South-South.

Why rely only on oil?. Nigeria should be investing more in agriculture and electric car production