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How Was Jonathan Able To Manage Nigeria Economy - Politics (10) - Nairaland

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Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 1:52pm On Oct 20, 2023
chiself:


I call them "the 99.9%ers", they are clueless. The guy has not even been in office for a year! Maybe they think he is a magician. Running the economy is not an easy tasks and there will be mistakes along the way. In the UK last year we had a Prime Minister that was in office for 49 days because of her economic policies.

It appears the country is cursed as there are lots that don't want it to succeed. I don't get it. Why won't you want the best for yourself and your children but you think by Japaing to some foreign country they would take care of you?
Even after 8 years in office, Tinubu won't be able to do everything but there should be some significant changes.

The 99.9%ers are always the last to know.
Quick question sir. Does wishing a country bad make it bad?
Re: How Was Jonathan Able To Manage Nigeria Economy by Codes151(m): 1:53pm On Oct 20, 2023
Pakute:

GEJ was borrowing to pay salaries, that was the foundation for recession.
Covid shut down the world, Ebola was curtailed by Fashola less than a month.
illiterate
Re: How Was Jonathan Able To Manage Nigeria Economy by Kepukepu: 1:53pm On Oct 20, 2023
MASTERCHIEF0847:
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.
no sir, this is not true.

Crude price during Buhari was highest price. APC is just shit
Re: How Was Jonathan Able To Manage Nigeria Economy by izubext007: 1:55pm On Oct 20, 2023
Common sense
Re: How Was Jonathan Able To Manage Nigeria Economy by landon(m): 1:56pm On Oct 20, 2023
Oil boom
Re: How Was Jonathan Able To Manage Nigeria Economy by Vlad2023: 1:57pm On Oct 20, 2023
[quote author=Pakute post=126510176]
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.


Shut up please. Did GEJ experience support and love from people, especially from the north?

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Re: How Was Jonathan Able To Manage Nigeria Economy by Vlad2023: 2:00pm On Oct 20, 2023
[quote author=Zionmdde post=126510287]
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


[/ They enjoy being poor, being used, that's why I don't pity them again, vote for evil and when the going gets tough they turn to road side beggers]
Re: How Was Jonathan Able To Manage Nigeria Economy by blueAgent(m): 2:02pm On Oct 20, 2023
MASTERCHIEF0847:
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.

My friend close your mouth, b4 thunder fire you.
Which crude oil was highest?
This administration have had average crude oil price of $75 and above yet nothing to show.
Re: How Was Jonathan Able To Manage Nigeria Economy by kunle4toyeyaho: 2:02pm On Oct 20, 2023
NzogbuNzogbu:
Uits 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
The oil price was the advantage GEJ had,yet he depleted our external reserve to $28billion.Remember the price of oil fell to as low as $28/barrel in the first quarter of 2016,why then are you comparing PMB with GEJ who sold oil for well above $100/barrel during his time.
Re: How Was Jonathan Able To Manage Nigeria Economy by blueAgent(m): 2:03pm On Oct 20, 2023
Newdawn30:
Exactly the clueless one is 10× better(170=$) than the first class economic genius(1100= $)
Audio first class. grin grin grin

1 Like

Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 2:04pm On Oct 20, 2023
forgiveness:


Because they produce more than us and lesser population.
This one has bought into nairalanda1's dumb propaganda
Egypt is doing far better than us economically. They don't have oil or any natural resource of note.
Same goes for India, Britain, Germany, China and a host of other countries around the world. If you're saying the ownership of one commodity or the other is the determinant of a vibrant economy, UK should be the poorest country in the world followed by Switzerland.
It's a dumb thing to mismanage your resources then claim It's not enough to meet your needs.
Re: How Was Jonathan Able To Manage Nigeria Economy by blueAgent(m): 2:06pm On Oct 20, 2023
Pakute:

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.

All the things you mentioned are the duties of a good leader and administration.
Sorry your APC SHIT FAILED, in everyone of them.
Re: How Was Jonathan Able To Manage Nigeria Economy by olamike02: 2:08pm On Oct 20, 2023
Go and research well, borrowing to pay salaries started during GEJ 's period. NOI said they were borrowing to pay salaries then. The mismanagement didn't start now.
Re: How Was Jonathan Able To Manage Nigeria Economy by TheGoodJoe(m): 2:11pm On Oct 20, 2023
Kukutente23:

This is a lie. Where is the source of this?

Sanusi who kept on changing figures as he went on and on

Sanusi said that of the $18.5bn in revenues that the NNPC did not pay into the account of the federal government at the CBN as ascertained by the report, about $12.5bn appears by his calculations to have been diverted between a 19-month period only under the Jonathan administration.

“Of the $18.5bn in revenues that the state oil company did not send to the government, about $12.5bn appears by my calculations to have been diverted. And this relates only to a random 19-month period, not the five-year term of Mr. Jonathan, the outgoing president,” he said in the article captioned: “Unanswered questions on Nigeria’s missing oil revenue billions.”


The former banker, who had also served as the Group Managing Director (GMD) of Nigeria’s First Bank Plc, suggested that the issues raised in the PwC audit report like “duplicated ex­penses, “unsubstantiated” costs, computation “errors” and tax shortfalls” should be investigated further saying, “Any officials found responsible for involvement in this apparent breach of trust must be charged.”


https://thewillnews.com/you-lied-sanusi-tells-deziani-says-pwc-didnt-exonerate-nnpc-insists-12-5b-diverted-from-crude-sale/
Re: How Was Jonathan Able To Manage Nigeria Economy by chiself: 2:13pm On Oct 20, 2023
Kukutente23:

Quick question sir. Does wishing a country bad make it bad?

Well put it this way, If I was managing a team I think we will have a better chance of succeeding if all were positive rather than negative.
Re: How Was Jonathan Able To Manage Nigeria Economy by blueAgent(m): 2:14pm On Oct 20, 2023
Shikini:


1) Oga, how old are you? I hate wasting time on childish bear parlour talk with kids

2) OBJ had on many occasions explained that the so-called $16 Billion was a future commitment to be deducted gradually at source from monthly federation accounts and excess crude for the electricity sector. He said before he left office, less than $4 Billion was realised which he used to build the following power plants:
1) Alaoji Power Plant. Abia State.
2) Olorunsogo 1, Power plant. Ogun State.
3) Olorunsogo 11, Power Plant, Oyo State
4) Calabar Power Plant. Cross River State.
5) Gereku Power Plant, Kogi State
6) Omotosho Power Plant. Ondo State.
7) Gbarain Power Plant. Bayelsa State.
cool Ihovbor Power Plant. Edo State.
9) Egbema Power Plant. Imo State
10) Papalanto Power Plant, Ogun State

3) Oga, do you know what £18.5 Billion is? So, Deizani alone ferried this amount to UK? This is laughable. What is your source?. How old are you sef and what is the highest level of your education?

True.
He just Picked numbers from thin air
Re: How Was Jonathan Able To Manage Nigeria Economy by blueAgent(m): 2:15pm On Oct 20, 2023
Kukutente23:

So it's GEJ's fault that he didn't experience recession?
Who is supposed to secure the pipelines and ensure maximum production
Ukraine/Russia war is actually good for Nigeria because it increased oil price just as Libya's war and Syria did in 2011.

Abeg tell the clown.
Re: How Was Jonathan Able To Manage Nigeria Economy by onuman: 2:21pm On Oct 20, 2023
GeneralDae:

What did Jonathan do for his SS region?

It's only Nigeria's ethnic bigots who expect a president of Nigeria to do more favour for his people than other Nigerian groups.
We tell you bigots that nationhood for Nigeria will always be a mirage because of your ethno-religious bigotry, you still clutch tight to one Nigeria like passengers clutching tight to a sinking ship because the ship carries valuables.
Re: How Was Jonathan Able To Manage Nigeria Economy by okoroemeka(m): 2:22pm On Oct 20, 2023
MASTERCHIEF0847:
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 think an oligarchy will be a better description of nigerias economy mow
Re: How Was Jonathan Able To Manage Nigeria Economy by CoronaVirusPro: 2:22pm On Oct 20, 2023
It was already sliding to the pit at that time. we just didn't notice.

Okonjo Iweala foresaw the future back as at that time.

Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 2:22pm On Oct 20, 2023
chiself:


Well put it this way, If I was managing a team I think we will have a better chance of succeeding if all were positive rather than negative.

You mean not everyone in APC is positive?
Maybe we should go back to military because this your illustration does not fit the idea of democracy
Re: How Was Jonathan Able To Manage Nigeria Economy by blueAgent(m): 2:22pm On Oct 20, 2023
Afonja007:
so now na Ukraine and Russian war? grin grin 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 grin grin I never see liars like agbadorians in the history of mankind,

I tell u.

Very useless set of ppl. angry
Re: How Was Jonathan Able To Manage Nigeria Economy by blueAgent(m): 2:28pm On Oct 20, 2023
onuman:
Nigeria's economy is at the apron strings of the IMF and the Colonial master.
Colonial master did not impose Jonathan upon Nigeria; and did not dictate to President Jonathan. Jonathan came in from the death of Yar'adua. Jonathan left when the Colonial master wanted.
Buhari and Tinubu are footsoldiers of the Colonial masters. Before ever Tinubu started presidential campaign, he first went abroad and got annointed by the Colonial master who has Nigeria as plantation.
Obama and the CNN nearly shouted themselves hoarse in their campaign for Buhari to become president of Nigeria. US is an extension of GB.
Since June 2023, there is hardly any day the Naira did not crumble against the GBP and the US Dollar. If unchecked, the Naira may soon be like Somalia's currency at the heat of Somalia's war against the Al Shabab.

Useless unreasonable baseless comment.
Re: How Was Jonathan Able To Manage Nigeria Economy by Dmacqh(m): 2:28pm On Oct 20, 2023
I'm still seeing evil people trying to deflect GEJ achievements on some factors.
Why is APC in power ?

Nigeria is like a Restaurant. GEJ a Chef/CEO. Nigerians are the restaurant owner/customers.

Some customers said the chef, GEJ is not cooking well. He is wasting ingredients. He is a bad chef. He is stealing the money meant for restaurant and that the cost of eating in the restaurant is high.

They regrouped and changed new Chef, Buhari. Instead of the new chef cooking well, he started blaming the former chef ( GEJ ) of his inability to cook properly despite employing his new staffs. With this new chef (Buhari), Nigerians - customers who were eating full plate with meats during the former chef ( GEJ ) time , started eating half plate without meat.

Years later same group that brought the chef ( Buhari) that fed Nigeria half plate without meat , convinced Nigerians and forced another chef ( Tinubu) on them. Now Nigerians are moving with empty plates or sharing quarter filled meatless plates with another.

Some people are still blaming the first Chef ( GEJ ) after 8 years.

Is it that the kitchen is lacking ingredients or the current chef ( Tinubu ) is incompetent?
Re: How Was Jonathan Able To Manage Nigeria Economy by blueAgent(m): 2:30pm On Oct 20, 2023
nairalanda1:



I stopped at Saudi Arabia

Saudi Arabia earns far more than Nigeria. To defend their currency in 2014 they spent 2-3 times our Forex revenue. To defend their currency!

That is why they have more than enough money to do stuff

40 million people and ten million barrels of crude a day is nothing to laugh at.

Nigeria is and was and has always been broke..and we need side hustle

Sighs.

Useless excuse.

In your anology you did not account for the differences in corruption and incompetence between both countries.
Re: How Was Jonathan Able To Manage Nigeria Economy by blueAgent(m): 2:31pm On Oct 20, 2023
Memphis357:

The way you APC propagandust people just quote figures anyhow.... Do you even know just how humongous £18.5bn is?
Una heads dey too worthless!!

You dey ask ppl way get fish brain. cool
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 2:34pm On Oct 20, 2023
TheGoodJoe:


Sanusi said that of the $18.5bn in revenues that the NNPC did not pay into the account of the federal government at the CBN as ascertained by the report, about $12.5bn appears by his calculations to have been diverted between a 19-month period only under the Jonathan administration.

“Of the $18.5bn in revenues that the state oil company did not send to the government, about $12.5bn appears by my calculations to have been diverted. And this relates only to a random 19-month period, not the five-year term of Mr. Jonathan, the outgoing president,” he said in the article captioned: “Unanswered questions on Nigeria’s missing oil revenue billions.”


The former banker, who had also served as the Group Managing Director (GMD) of Nigeria’s First Bank Plc, suggested that the issues raised in the PwC audit report like “duplicated ex­penses, “unsubstantiated” costs, computation “errors” and tax shortfalls” should be investigated further saying, “Any officials found responsible for involvement in this apparent breach of trust must be charged.”


https://thewillnews.com/you-lied-sanusi-tells-deziani-says-pwc-didnt-exonerate-nnpc-insists-12-5b-diverted-from-crude-sale/
Lol. This is Sanusi defending himself by telling lies. PWC report never said any money was missing. If you read the report, it was detailed what the monies was for in NNPCL books. Sanusi initially claimed 49.8bn did he not? So why did he gladly make a claim of $18.5bn after first shiftingto $10bn?
There was no missing money. CBN does not have access to NNPCL's books to know if anything is missing in the first place. Anyone with common sense knows this.
Here's a summary of the report by PWC. You can read it yourself instead of believing Sanusi's lies.

https://www.flowtechenergy.com/news/oilfield/nigeria-pwc-report-nnpc-npdc-to-return-u-s-1-48-billion-to-federation-account/
Re: How Was Jonathan Able To Manage Nigeria Economy by Passionate888: 2:35pm On Oct 20, 2023
MASTERCHIEF0847:

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.

£18.5 billion?
Re: How Was Jonathan Able To Manage Nigeria Economy by chiself: 2:38pm On Oct 20, 2023
Kukutente23:

You mean not everyone in APC is positive?
Maybe we should go back to military because this your illustration does not fit the idea of democracy

I am not talking APC, PPC or JJC. Before the election I supported Atiku because of his reform policy, I have watched and admire Obi on Arise TV. I take the view anyone of them would have been okay. I also take the view that it won't be an easy tasks and that none of them are magicians or miracle worker. I also take the view that it is the policies that is going to change Nigeria not personality.

Tinubu is now the President so he has my support 100%. I want him to succeed. I want Nigeria to succeed. Criticise him if you must but don't break Nigeria because it is our only country.

As for going back to military, well it depends on their policies. I want prosperity for Nigeria, for me and my family. If military can deliver this then I am all for it. As long as we all have our freedom and respect for one another.
Re: How Was Jonathan Able To Manage Nigeria Economy by TheGoodJoe(m): 2:39pm On Oct 20, 2023
Kukutente23:

Lol. This is Sanusi defending himself by telling lies. PWC report never said any money was missing. If you read the report, it was detailed what the monies was for in NNPCL books. Sanusi initially claimed 49.8bn did he not? So why did he gladly make a claim of $18.5bn after first shiftingto $10bn?
There was no missing money. CBN does not have access to NNPCL's books to know if anything is missing in the first place. Anyone with common sense knows this.
Here's a summary of the report by PWC. You can read it yourself instead of believing Sanusi's lies.

https://www.flowtechenergy.com/news/oilfield/nigeria-pwc-report-nnpc-npdc-to-return-u-s-1-48-billion-to-federation-account/

This was months after Sanusi raised alarm over NNPC not remitting funds. It was agreed that about $12 billion was not remitted, others, trapped in duplications which needs further investigation. This is months after Sanusi's alarm and NNPC cooking their books daily.

Sanusi was right to raise the alarm and that was a noble did. It is just that many Nigerians prefer those who will keep quiet in such situation.
Re: How Was Jonathan Able To Manage Nigeria Economy by GeneralDae: 2:56pm On Oct 20, 2023
onuman:


It's only Nigeria's ethnic bigots who expect a president of Nigeria to do more favour for his people than other Nigerian groups.
We tell you bigots that nationhood for Nigeria will always be a mirage because of your ethno-religious bigotry, you still clutch tight to one Nigeria like passengers clutching tight to a sinking ship because the ship carries valuables.
But you just said others want power in order to divert wealth from the SS region to other regions. This is why I asked you: When Jonathan from the SS was in power, would you also say he diverted the wealth of the region to other regions?
Re: How Was Jonathan Able To Manage Nigeria Economy by soullove1881(m): 2:59pm On Oct 20, 2023
qwertyuioplm:
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform

Very simple, naija expectations wasn't this high. Monetization really opened Nigerians eyes. People don't really Japa and there was no much pressure on Naira. Same goes to people taste when it comes to house appliances and furnitures.

So many factors work in his favor. It wasn't like Nigeria was in anyway better bro. To see 1M naira, ur eyes go see shege.

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