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Nairaland Forum / Nairaland / General / Politics / How Was Jonathan Able To Manage Nigeria Economy (25605 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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Re: How Was Jonathan Able To Manage Nigeria Economy by DMerciful(m): 1:06pm On Oct 20, 2023 |
The higher the crude price, the higher the subsidy. He had good economic management team, that's all. MASTERCHIEF0847: 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 1:06pm On Oct 20, 2023 |
mikeapollo:Really? You guys and lies Was Okonjo Iweala the minister of finance under Yaradua? Was Diezani his minister of petroleum What about Agric? Was it Adesina |
Re: How Was Jonathan Able To Manage Nigeria Economy by TheOgaBoss: 1:08pm On Oct 20, 2023 |
nairalanda1:who created the high debt burden in the first place? |
Re: How Was Jonathan Able To Manage Nigeria Economy by Bizibi(m): 1:08pm On Oct 20, 2023 |
TheOgaBoss:buhari administration is responsible for Nigeria's battered economy. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Keneeby(m): 1:11pm On Oct 20, 2023 |
MASTERCHIEF0847: Where do you get all these fake figures from? All these were fake propagate by APC just to get into power. There was nothing like $16billion NIPP nonsense. All where propaganda to distrust the PDP govt |
Re: How Was Jonathan Able To Manage Nigeria Economy by DMerciful(m): 1:12pm On Oct 20, 2023 |
Its not about the dollar, there was actually prosperity during GEJ era. People were buying new cars! I bought a brand new Hyundai accent 2012 model for N2.8 million then MASTERCHIEF0847: |
Re: How Was Jonathan Able To Manage Nigeria Economy by DMerciful(m): 1:12pm On Oct 20, 2023 |
Who created the recession? Bubu's ineptitude Pakute: |
Re: How Was Jonathan Able To Manage Nigeria Economy by Isobug: 1:15pm On Oct 20, 2023 |
Pristine664:Oga calm down.....in a very short time things have gotten worse |
Re: How Was Jonathan Able To Manage Nigeria Economy by DMerciful(m): 1:17pm On Oct 20, 2023 |
How much was oil prices during Obj tenure? Truth is Bubu and Tinubu are just incompetent and corrupt! nairalanda1: |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 1:19pm On Oct 20, 2023 |
TheOgaBoss: The answer is simple When the price of what we sell is too low, we borrow money. When the price goes back up we pay money and borrow more. We've been doing that since independence. It goes way beyond APC and PDP. Buhari contributed his own, but it did not start with him. |
Re: How Was Jonathan Able To Manage Nigeria Economy by GeneralDae: 1:20pm On Oct 20, 2023 |
DMerciful:Obj was selling around 2.2 million bpd. Today we sell 1.5 million bpd. Before September 2023 we sold an average of 1.2 million bpd. So oil prices alone is not the only factor. |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 1:20pm On Oct 20, 2023 |
DMerciful: We got a debt write-off along with several other African countries under Obasanjo otherwise our debt would have been sky high by 2007. I agree with you about Buhari and Tinubu and I also stand by my comments. 1 Like |
Re: How Was Jonathan Able To Manage Nigeria Economy by DMerciful(m): 1:20pm On Oct 20, 2023 |
Repaying which debts? What about the 23 trillion Bubu printed? Where are the infrastructures he was borrowing money to build? You're still continuing with the propaganda that brought Nigeria to her knees! nairalanda1: |
Re: How Was Jonathan Able To Manage Nigeria Economy by DMerciful(m): 1:22pm On Oct 20, 2023 |
Revenue is based on price multiplied by volume. Too much oil theft in Bubu administration and the theft is being done by the military and politicians MASTERCHIEF0847: |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 1:23pm On Oct 20, 2023 |
DMerciful: At the end, Nigeria.is not earning enough money. Whoever is in charge. |
Re: How Was Jonathan Able To Manage Nigeria Economy by DMerciful(m): 1:23pm On Oct 20, 2023 |
You're actually defending APC govts MASTERCHIEF0847: 1 Like |
Re: How Was Jonathan Able To Manage Nigeria Economy by TheOgaBoss: 1:26pm On Oct 20, 2023 |
nairalanda1:really? then how was obj able to virtually clear Nigeria's external debt despite oil price not being as high as what it was under buhari? |
Re: How Was Jonathan Able To Manage Nigeria Economy by kenex4ever(m): 1:28pm On Oct 20, 2023 |
GeneralDae:2.5 was in 2010, production during his tenure averaged 2.25m. And was due to his setting aside for amnesty program, the militants were quiet then. He was able to keep to keep the economy in good shape then, that's what Nigerians want. Which one did APC govt achieve? They increased out debts exponentially too and things are getting worser. Also mind you, Nigeria does not make much from oil these years, you can ask yourself how much nnpc has remitted to the fed govt each year since 2010. You will know that it's nothing. We make much money from taxes, custom, oil and gas facility licence fees and royalties ( which are much higher now than during GEJ admin). |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 1:28pm On Oct 20, 2023 |
DMerciful: Well, oil prices crashed in 2014 and remained low till 2021 Also, you have to accept that we aren't making enough money..one of GEJs officals said as much and before that Obasanjo even made a comment on it. If we want to earn enough from oil we have to be selling it at least at 120 dollars a barrel. 100 if you must be generous. Where Buhari failed is that in the face of low oil prices he acted as if oil was high. Plus even then, that iswhat happens with resource depwndkent economies. Price low, take loans price high pay the loans. |
Re: How Was Jonathan Able To Manage Nigeria Economy by tonididdy(m): 1:29pm On Oct 20, 2023 |
Simple answer: the finance minister was A1 1 Like |
Re: How Was Jonathan Able To Manage Nigeria Economy by forgiveness: 1:29pm On Oct 20, 2023 |
Kukutente23: Because they produce more than us and lesser population. |
Re: How Was Jonathan Able To Manage Nigeria Economy by seguno2: 1:31pm On Oct 20, 2023 |
DMerciful: You are a genius for this link to fuel subsidy. Stay blessed sir. 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 1:32pm On Oct 20, 2023 |
TheOgaBoss: Obasanjo debt clearance was part of a deal involving several African countries 12 of them got their debt cancelled totally. Nigeria got 67%of our debt cancelled in return we paid the balance. Even then some people crticsed Obasanjo..me I thought obj did good..he got us the best deal under the circumstances ( I was scared IMF would tell us to go and sit down!) 1 Like |
Re: How Was Jonathan Able To Manage Nigeria Economy by seguno2: 1:34pm On Oct 20, 2023 |
DMerciful: Was Buhari not packaged by Tinubu as the strongman, retired General to deal with all crimes that weak, corrupt, clueless, bloody civilian Jonathan failed to do 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by zinaunreal(m): 1:35pm On Oct 20, 2023 |
And they brought in a drug dealer to finnish withe economy kpata kpata |
Re: How Was Jonathan Able To Manage Nigeria Economy by DMerciful(m): 1:39pm On Oct 20, 2023 |
How much was oil prices during Obj era? Bubu could not maintain our opec volume due to his inability to manage Niger delta. Its not only about oil price but exported volume nairalanda1: |
Re: How Was Jonathan Able To Manage Nigeria Economy by nairalanda1(m): 1:42pm On Oct 20, 2023 |
DMerciful: Obj economy was bad. I lived under it. I agree with you about buhari |
Re: How Was Jonathan Able To Manage Nigeria Economy by DMerciful(m): 1:45pm On Oct 20, 2023 |
Obj had one of the fatest growing economy in the world then nairalanda1: |
Re: How Was Jonathan Able To Manage Nigeria Economy by achimendy(m): 1:50pm On Oct 20, 2023 |
qwertyuioplm: He employed the best brains while others after him employed looters and tribalist. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 1:51pm On Oct 20, 2023 |
Pakute:Borrowing to pay salaries leads to recession ~ Pakute This is the dumbest statement I've ever seen |
Re: How Was Jonathan Able To Manage Nigeria Economy by highness25(m): 1:52pm On Oct 20, 2023 |
qwertyuioplm:There were a lot of thieves in his government, even though we had them in Buhari's and have them in Tinubu's own, Jona own see money well well, some de abroad de enjoy the loot. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Codes151(m): 1:52pm On Oct 20, 2023 |
Illiterate na illiterate. Buhari na donkey |
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