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Nairaland Forum / Nairaland / General / Politics / How Was Jonathan Able To Manage Nigeria Economy (25412 Views)
During Jonathan's Time, Insecurity In The North Was Jonathan's Fault / Opinion: Was Jonathan The Most Attacked Nigerian President When He Was In Power? / Nigeria Economy Rated Best In Africa By Forbes-see Link (2) (3) (4)
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How Was Jonathan Able To Manage Nigeria Economy by qwertyuioplm: 8:01am On Oct 20, 2023 |
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform 132 Likes 18 Shares
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Re: How Was Jonathan Able To Manage Nigeria Economy by Isobug: 8:11am On Oct 20, 2023 |
He had capable hands for the Economy. It's still an enigma to me that the economy of the person they claim was clueless is 5 times better in their watch. All they wanted was to get into power, they got it and destroy everything. A car (ES 330 2006 model) I bought 3.450M on November last year, I went back to buy for my Niece, only to find out is now 5.8M last. They have completely scattered the country 436 Likes 35 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by MASTERCHIEF0847(m): 8:13am On Oct 20, 2023 |
Crude oil prices were at its highest levels during GEJ days which was an advantage and also he had a good and competent economic team led by Ngozi Okonjo Iweala and other economic and financial experts who were picked based on merit instead of nepotism and political patronage as it was during Buhari and now under Tinubu. Nigeria is now heading into “Gangster Capitalism “ like we had in countries like Russia,Romania,Belarus and other former Soviet Union states…the economy being controlled by criminals and outlaws with government power. I have attached screenshots of oil prices during GEJ and Buhari years, don’t start arguing ignorantly. My argument doesn’t mean i support Buhari, personally both GEJ and Buhari failed miserably considering the amount of resources and power at their disposal. 218 Likes 28 Shares
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Re: How Was Jonathan Able To Manage Nigeria Economy by Varunpulyani: 8:14am On Oct 20, 2023 |
Jonathan did not use quota system 226 Likes 18 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by NzogbuNzogbu: 8:17am On Oct 20, 2023 |
U MASTERCHIEF0847:its not by oilprice, buhari had fair enough oil price and killed this country Mr master strategist is now burying it, if gej had half the pateience yorubas are giving tinubu he would have done more They didn't give him breathing space, manufactured Boko haram, always creating sabotage but he is still miles above them 495 Likes 37 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by MASTERCHIEF0847(m): 8:21am On Oct 20, 2023 |
NzogbuNzogbu:Please read my comment again, it i did not base it solely on oil prices but you cannot take out the fact that that was during an era of oil boom worldwide and every oil producing nation benefited from increased revenues so its a factor oga. I also made emphasis on his good economic team and policies. In reality, all the governments since 1999 have all failed so personally am not giddy about any. 23 Likes 5 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by Finneseguy1(m): 8:22am On Oct 20, 2023 |
The pepper Apc dey show us eh , e reach full drum 83 Likes 4 Shares
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Re: How Was Jonathan Able To Manage Nigeria Economy by Ozommadu: 8:23am On Oct 20, 2023 |
MASTERCHIEF0847: Stop lying Crude oil price was at its highest in 2020 under the failure buhari you supported 307 Likes 22 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by mrvitalis(m): 8:23am On Oct 20, 2023 |
qwertyuioplm:He had a team with world class experience ... Check all his economic team they were rushed by international agencies Even the corrupt ones are Allison you can't deny they were brilliant at what they did APC issue is the right people to do jobs don't come from the region they want it to come from For APC all positions are reward to regions for supporting them.. . For PDP there were some key positions they were reserve for technocrats irrespective of were they are from 257 Likes 22 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by NzogbuNzogbu: 8:24am On Oct 20, 2023 |
MASTERCHIEF0847:no they have not all failed pop era was very good as we can now see This is how we got into this mess looking for stupid change Tinubu and buhari should never try to group themselves under pdp presidents in the name of they all failed 55 Likes 4 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by Newdawn30: 8:25am On Oct 20, 2023 |
Exactly the clueless one is 10× better(170=$) than the first class economic genius(1100= $) 123 Likes 10 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by Treadway: 8:28am On Oct 20, 2023 |
The PDP still had conscience. I can't believe after 8 years I can say this, but yea the PDP still had a conscience. Even the corruption that happened in all the pdp years from 1999-2015, was child's play compared to the corruption that has happened under the APC in just 8 years. APC is a cancer, yet some people supported and rewarded the evil in 2019 and even 2023. 227 Likes 17 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by MASTERCHIEF0847(m): 8:29am On Oct 20, 2023 |
NzogbuNzogbu:Even the PDP presidents failed. For example under OBJ $16 billion NIPP project failed with the money gone, under GEJ his petroleum minister was arrested in the UK with £18.5 billion, where did the money come from? These people are all the same PDP and APC and whatever platform they come under. Among oil producing countries Nigeria has the least developed public infrastructure with the little available also dilapidated. 22 Likes 7 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by valentineuwakwe(m): 8:29am On Oct 20, 2023 |
He assemble the best brains in and outside Nigeria......thus he was able to succeed. I hope that is wat Tinubu is doing! 34 Likes 6 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by Pakute: 8:30am On Oct 20, 2023 |
MASTERCHIEF0847:No dey deceive yourself, no be beer parlour forum you dey. You dey hype Okonjo Iweala?, the same woman who dey borrow to pay salaries, person wey come out come tell us to get ready for suffer times, shey you dey whine me ni?. The only reason GEJ take survive his first 4years was say e inherit strong external reserves and oil price at its peak but the next two years to the end of his tenure, the economy don almost collapse. 100 Likes 11 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by NzogbuNzogbu: 8:31am On Oct 20, 2023 |
MASTERCHIEF0847:nigerians would give anything to go back to pdp failure now Life was heaven compared to this, if that was a disaster then we like that disaster compared to this 137 Likes 9 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by Zionmdde: 8:35am On Oct 20, 2023 |
NzogbuNzogbu:Which Nigerians? The ones who will only vote based on tribalism, are you kidding me? Was election not this year? 24 Likes 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by NzogbuNzogbu: 8:40am On Oct 20, 2023 |
Zionmdde:its only yorubas that voted out of tribalism The mystic abt tinubu as someone with sense is now bursted They have propaganda machinery but don't even have any tangible thing to use for propaganda In 2027 tinubu would be surprised 48 Likes 7 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by MASTERCHIEF0847(m): 8:40am On Oct 20, 2023 |
NzogbuNzogbu:Going by that logic am sure Nigerians would pay to go back to Abacha days when the dollar was 22 naira and petrol 18 naira. If our leaders had been sincere and done their job we won’t be wishing backwards. 15 Likes 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by Pakute: 8:41am On Oct 20, 2023 |
qwertyuioplm:Did GEJ experience recession?, No. Did GEJ experience pipeline vandalism and production shortfalls?, No Did GEJ experience Covid?, No. Did GEJ experience Ukrain/Russia war that's affecting food prices? No. 80 Likes 9 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by NzogbuNzogbu: 8:44am On Oct 20, 2023 |
MASTERCHIEF0847:there is nothing bad to go backward if that was more progressive A democracy era under pdp was the best period and nothing any apc apologist can tell me no matter how they claim not to be apc apologist This was how we were deceived that we can have better, now we have seen their better its now abt blaming the country or the people as the fault Nigeria can never get eldorado with the current Lugard merging, what we can get is to manage the best evil 48 Likes 3 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by walexbiz(m): 8:44am On Oct 20, 2023 |
He too was part of the problem. He didn't save during the raining days and he too went on spending spree even when the price of crude oil was high. He failed to repair the ailing refineries, placed the surveillance of crude pipeline in the hands of militant and there was upsurge in illegal siphoning of crude oil. Sanusi raised alarm about squandering of 20bn USD by NNPC and up till today nobody was arrested 9 Likes 5 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by MASTERCHIEF0847(m): 8:44am On Oct 20, 2023 |
Pakute:You mean the same Okonjo Iweala who under OBJ as finance minister cleared Nigeria’s debt? Go and sit down oga, am hyping her until you name a better finance minister Nigeria has ever produced. Meanwhile from your comment it seems na you dey bring beer joint talk come online forum. 106 Likes 9 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by MASTERCHIEF0847(m): 8:46am On Oct 20, 2023 |
NzogbuNzogbu:That is not progress, other successful oil producing countries did not do that. Reality is that we cannot go back so deal with the present. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Zionmdde: 8:47am On Oct 20, 2023 |
NzogbuNzogbu: SW didn't win the elections for tinubu NW and NE did And as long as I know, nothing, not even absolute poverty or even death will change those people's mentality 14 Likes |
Re: How Was Jonathan Able To Manage Nigeria Economy by NzogbuNzogbu: 8:49am On Oct 20, 2023 |
MASTERCHIEF0847:we are not fuvcking other oil countries We are nigeria a forced merged incompatible group where some must be treated with quota system Apc is a scam, tinubu is a fraud MASTERCHIEF0847:that tinubu is a fraud and failure which is glaring No matter how much you hide your tinubu bias I would always expose it, i already know una The group that want to always exonorate tinubu while pretending its other stuff aside tinubu that is the problem Yoruba two face 19 Likes 5 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by MASTERCHIEF0847(m): 8:50am On Oct 20, 2023 |
NzogbuNzogbu:Ok. Your opinion. 2 Likes |
Re: How Was Jonathan Able To Manage Nigeria Economy by NzogbuNzogbu: 8:50am On Oct 20, 2023 |
Zionmdde:i dont rate nw ne, if Sw went with south it was gave over Now that tinubu is a failure hope everyone eye don clear, some of them are only shocked he can be this bad They are hiding under give him two years let the failure be pronounce first, a failure with no strategy would still fail even in four years SW tinubu supporters no suppose dey talk sef, dem suppose dey shame that buhari can be better than a southerner 32 Likes 4 Shares |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 8:53am On Oct 20, 2023 |
qwertyuioplm: High oil prices and a lower debt burden to begin with. Before anyone comes here to abuse me 1..I am not an APC supporter 2..I don't back PDP either. Jona had high oil prices. Buhari started off with dropping oil prices and it was only in 2021 that oil prices went up to the 2011-14 level. Even then we didn't benefit from Buhari high oil prices because we had borrowed up so much under his rule to feed corruption, feed defending the naira and feed growing subsides. We had the same thing happening in 1973-82. High oil prices and then in 1982, crash. By 1992 we had gone through years of mess and the naira was hovering around 33 to the dollar compared to 1 to 1 in 1978 Every oil country has the same boom and bust. Venezuela was very prosperous in the 1970s. By 1980s the economy was a mess. Iraq too, which is partly why saddam invaded Kuwait. He needed their oil revenue. Ten years of low oil prices led him there. The problem Jona, tinubu and Buhari and for that matter many of our past leaders share ( Yaradua was a exception somewhat) is that they think we are a rich country. When oil prices fall, we borrow to keep our heads above water and maintain the illusion.when they are high we spend and spend. Oil was going above 200 naira by the end of GEj regime. By January 2015 , NOI was warning that hard times awaited, whoever won that year. In fact by 2014, April when oil prices started crashing, anyone who remembered 1982 would have had a feeling of déjà vu. 67 Likes 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by slimfit1(m): 8:54am On Oct 20, 2023 |
Abacha is a genius |
Re: How Was Jonathan Able To Manage Nigeria Economy by NzogbuNzogbu: 8:54am On Oct 20, 2023 |
MASTERCHIEF0847:that tinubu is a fraud and failure which is glaring No matter how much you hide your tinubu bias I would always expose it, i already know una The group that want to always exonorate tinubu while pretending its other stuff aside tinubu that is the problem 14 Likes 1 Share |
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