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Nairaland Forum / Nairaland / General / Politics / How Was Jonathan Able To Manage Nigeria Economy (25489 Views)
Nigeria’s Economy Is In Shambles, Everyone Is Tired — Businesswoman Laments / 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? (2) (3) (4)
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Re: How Was Jonathan Able To Manage Nigeria Economy by NigerianAngelo(m): 11:56am On Oct 20, 2023 |
Pakute: You are stupid and a FOOL 2 Likes 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by Squirrel1(m): 11:56am On Oct 20, 2023 |
MASTERCHIEF0847:exactly 💯 the corrupt n terroristic are now in power. How we had to choose between Obi ( Pandora papers) atiku ( known criminal) & tinubu ( drug baron) still confuses the shit out of me |
Re: How Was Jonathan Able To Manage Nigeria Economy by jrusky(m): 11:57am On Oct 20, 2023 |
Oh now Jonathan is no longer slow, idiot, stupid, useless, coward and failure ba? This God ehn.... Jonathan may God in his kindness bless you more and more. I stand with you anyday anytime....infact sir if you decide to contest again after Tinubu 8 years I will still vote for you than to vote Obi or Atiku.... |
Re: How Was Jonathan Able To Manage Nigeria Economy by EDUECO(m): 11:58am On Oct 20, 2023 |
Isobug:APC's agenda is to hold on to power for long by any means possible! Naira devaluation,increase in fuel price,inflation,etc are some of the means by which APC can hold on to power for long. 1 Like |
Re: How Was Jonathan Able To Manage Nigeria Economy by Kindness218: 11:58am On Oct 20, 2023 |
One with God is majority |
Re: How Was Jonathan Able To Manage Nigeria Economy by HeroicMeastro: 11:59am On Oct 20, 2023 |
qwertyuioplm:His govt was the genesis of the country's current predicament. He foolishly bow to the pressure from the state governors to squander the excess crude reserves. A fraction of such reserve would have solve the country's problem now. Tens of Jonathan and team would not solve Nigeria's current economic woes.... These problems accumulated over the years by succeeding government of which GEJ was part of. Be patient.. Things will work again, though it might take some time... This is just a trying moment for Nigeria... But we will come out stronger 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 11:59am On Oct 20, 2023 |
Godstiger: They weren't. Am old enough to remember Buhari , ibb and shagaris governments of the 1980s . Back then they were just as bad as these ones. But anyway, APC is still a mess. 2 Likes 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by MEGAWATCH: 11:59am On Oct 20, 2023 |
MASTERCHIEF0847: You are still suffering now but you still don't have shame. You will die supporting rubbish. |
Re: How Was Jonathan Able To Manage Nigeria Economy by annford: 12:00pm On Oct 20, 2023 |
Isobug: Don't even get people like us started. This country has just been hijacked. It really saddens my heart when I see people on this forum fiercely defending a Government that has even made life difficult for not just them but, even their family members. Truly, Religion and Tribalism would continue to plunge this country into where it may never come out from. I have hardly seen a clear-thinking individual defend or support the APC Government and its failed systems. All they wanted was the Power, money and influence that comes with politics. A car I bought N5.5 Million( Brand new) in 2014 is now sold for 11 Million (Fairly used). I weep for the poor and struggling. 2 Likes 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by tete7000(m): 12:00pm On Oct 20, 2023 |
MASTERCHIEF0847: Before you claim that oil price was good under Jonathan, check how much it averaged under Buhari and check how much it has been since Tinubu came in. Stop falling from that propaganda from clueless apshit. Compare the average and stop looking at absolute figures. 2 Likes 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by SUNNINO(m): 12:00pm On Oct 20, 2023 |
Keep deceiving yourself a bigot,GEJ used the best hands regardless of tribe and ethnic affiliation,but now religion and ethnicity is the criteria for appointment. MASTERCHIEF0847: |
Re: How Was Jonathan Able To Manage Nigeria Economy by eneye1(m): 12:00pm On Oct 20, 2023 |
There was saving. obasanjo left about 63 Billion USD both in foreign reserve and excess crude oil. There crude price also went high im his tenure. He depleted the savings. To me, he never managed the economy well. Check the economic privilege he had. He never saved and he starter borrowing before he left he government.. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Jahwinaboy(m): 12:01pm On Oct 20, 2023 |
walexbiz:He didn't save? Were u in this country when Amaechi and the other governors insisted on sharing the Excess crude account money before election that year? 2 Likes |
Re: How Was Jonathan Able To Manage Nigeria Economy by zoghys: 12:01pm On Oct 20, 2023 |
NzogbuNzogbu: It's about oil price. Infact we had billions of dollars in the excess crude oil account and all was depleted right before he left the office by the likes of deziani, mama patience, dazuki and the likes. Infact it was Jonathan regime that laid the foundation for the current economic woes Nigeria is currently facing. It will be myopic for any right thinking person to absorb GEJ of any wrong doing. Government is continuum hence the problem buhari inherited from his administration. Jonathan's cluelessness and his simplicity approach to governance is why we are still in this mess. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Pristine664: 12:02pm On Oct 20, 2023 |
Isobug: Lol exchange rate was less than 50 under Abacha, by you guys logic it means Abacha was a far better administrator. |
Re: How Was Jonathan Able To Manage Nigeria Economy by D2l2z(m): 12:02pm On Oct 20, 2023 |
During Jonathan era, Nigeria economy was the fastest growing economy in Africa, Buhari was not prepared to run the government, his ambition was to snatch power at all cost, that's why it took him over 6 months to appoint ministers, now its only God can repair Nigeria after his 8 years of sufferings 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 12:03pm On Oct 20, 2023 |
HeroicMeastro: No, GEj was not the genesis of our problems Our problem starts with the fact that we export things whose prices we cannot control Developed countries are countries that export stuff whose prices they can control Most African countries are like Nigeria, and like Nigeria, they sell things whose prices they cannot control Been like that since independence. The problem is none of our leaders thought it would be wise to change the paradigm. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Afonja007: 12:04pm On Oct 20, 2023 |
Pakute:so now na Ukraine and Russian war? this people are terrible No more buhari will handle security osibanjo will handle economy ,today is tinubu will handle economy while shettima will handle security the next complain will be hamas is fighting Israel I never see liars like agbadorians in the history of mankind, 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by ruffhandu: 12:04pm On Oct 20, 2023 |
qwertyuioplm: Nothing weakens the currency of a country like 1. Little or zero exports 2. Indiscriminate printing of currency (buhari and tinubu see this as a solution) 3. Lack of patronage of home-made products 4. Corruption 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by Pootle: 12:04pm On Oct 20, 2023 |
ye all voted buhari in knowing fully well where is major support was from, now em compensate who help am to power urna dey cry foul. too many turn their back on Jona, i was his staunch supporter, only him militant, only him terrorism, even within his goverment they where all making mess of things. forget the man was good. |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 12:04pm On Oct 20, 2023 |
zoghys: Even ifJona was super prudent, it would have only delayed the inevitable by a few years. |
Re: How Was Jonathan Able To Manage Nigeria Economy by kcpumping(m): 12:04pm On Oct 20, 2023 |
MASTERCHIEF0847: [b]How much is oil sold for today si[/b]r |
Re: How Was Jonathan Able To Manage Nigeria Economy by Mrsegz: 12:04pm On Oct 20, 2023 |
That 16b project increased Nigeria's generating capacity from 3000MW to 12,000MW that we still today. That was no failure by any means, successive Govts have just failed to invest and improve on Transmission capacity. MASTERCHIEF0847: 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by Babangidapikin: 12:04pm On Oct 20, 2023 |
The Problem is that Emilokan gave us Bubu .. Bubu got their and find out it is no longer 1983 , Emilokan is now there , only to find out it is no longer 1993 ...Me I don't know how and what Bubu did with all the loan he got ... building railway to Niger instead of Port Harcourt shows how deform the thinking was at the time ... Despite Emilokan Swagger, he has to realize the work at hand is not something you do with kids gloves ...food are no longer in people's table , poultries are shutting down , foolish bandits are causing more Wahala for farmers ...I don't envy you at this time. |
Re: How Was Jonathan Able To Manage Nigeria Economy by annford: 12:04pm On Oct 20, 2023 |
NzogbuNzogbu: You, sir, are a very intelligent man. I am glad there are still people who are sincere in this country |
Re: How Was Jonathan Able To Manage Nigeria Economy by tete7000(m): 12:05pm On Oct 20, 2023 |
Pakute: Who scattered the security apparatus that ensured the oil production was stable under Jonathan? If recession came, who managed the economy into recession? Who ensured the subsidy wasn't removed as far back as 2011? You guys like defending nonsense, you talk as if Nigeria the only country around while Ukraine-Russia war rages? 2 Likes 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by waveman2: 12:06pm On Oct 20, 2023 |
It's not about the people that supported them because most of them are been paid stipend for been APC member.You see most of their names in Npower,Tradermoni,social register.etc PDP were the ones that allow apc to come back to power as they did not present a formidable candidate that would have been accepted by all. Treadway: 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by michoim(m): 12:07pm On Oct 20, 2023 |
qwertyuioplm:. Nonsense. He was lucky to have oil boom in majority of his years in power with an unprecedented daily oil production of 2.3million barrels per day at an average price of US$120 per barrel...but he squandered those monies |
Re: How Was Jonathan Able To Manage Nigeria Economy by Princedapace(m): 12:07pm On Oct 20, 2023 |
MASTERCHIEF0847:If not for North hatred towards allowing south south or south east to rule, Jonathan would have had Nigeria on a great path. That guy staretd U Win which many youths benefited from as long as u are smart and can showcase what u can do, he introduced card reader which started our electoral reform, he wanted to stop fuel subsidy which would have been better for Nigerians back then as the economy wasnt too hard, he wasnt filled up with tribalism like we have now, he introduced some policies to help the electricity and salary systems in Nigeria. Baba was good abeg. Na hatred for south south and south east crippled Nigeria and we have not seen anything yet. I am always grateful to God that I am into tech. Nigeria eh, by the time dollar hits 2k, e go clear for our eyes 2 Likes 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 12:07pm On Oct 20, 2023 |
nairalanda1:Is Nigeria the only country relying on oil? How come other countries rely on oil and are still better off? Tinubu removed subsidy. Which other subsidy You talking about Nigeria is rich. It is govt looters that send propagandists to tell us we're poor. 1 Like |
Re: How Was Jonathan Able To Manage Nigeria Economy by BreconHills(m): 12:08pm On Oct 20, 2023 |
qwertyuioplm: GEJ had unrepeatable fx inflows. Nigeria earned more from oil in that period than they had earned from 1958 when oil was discovered. GeJ was no worse than anyone else but Nigeria had a once in a generation moment and it was blown. This is why after the election wipe out of 2015, the PDP apologized to Nigerians in 2018 https://punchng.com/we-have-made-mistakes-learnt-our-lessons-pdp-apologises-to-nigerians/?amp
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Re: How Was Jonathan Able To Manage Nigeria Economy by spiSeyi: 12:08pm On Oct 20, 2023 |
GEJ met a fresh and healthy economy on the ground. GEJ was not better than PMB, here are my reasons 1 GEJ met PMS @ N60 he left it at N140 PMB Met it @ N140 and left it at N250 2 GEJ met a bag of rice at 5k-6k he left it at 10k-12k PMB left it 24-36k 3 Gej met USD at 1USD = N110 he left it at 1USD = N300 PMB met it at N300 and left it at N750 If you analyze both on economic scales with no sentiment none is better, GEJ & PMB governments are castoroph to Nigeria's economy Umar Musa Yaradua should be used as a yardstick and not GEJ. Yaradua reduced the cost of PMS from N75 to N60 and USD was pegged at 1USD = N90 official rate and N100 at aboki rate. Nigeria had almost no debt when GEJ took over he handed over a 12-digit profile to PMB. Buhari is a pro version of GEJ |
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