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How Was Jonathan Able To Manage Nigeria Economy - Politics (11) - Nairaland

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Re: How Was Jonathan Able To Manage Nigeria Economy by olamilarks(m): 3:00pm 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
Ngozi Okonjo-Iweala and some wonderful economic reforms.

1 Like

Re: How Was Jonathan Able To Manage Nigeria Economy by mikeapollo: 3:01pm 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/

Stop defending the indefensible. NNPCL could not account for $20billion up till now. This has been corroborated by the Senate Committees on several occasions.

You are very ignorant to say that the CBN does not have access to NNPCL's books! You definitely do not know what the CBN is or does. The CBN is the banker of the federation, the FGN and its agencies including NNPCL. It is the CBN that keeps records of all the monies remitted to the Federation accountant.

Each agency of government is supposed to submit an account along with the monies that they remit to the federation account at the CBN. The NNPCL submitted accounts that showed a shortfall of USD20billion between what they showed in the accounts and the money that they paid into the federation account at the CBN.

Those are the facts. Sanusi has been proved right several times. Stop trying to cover up for the corruption that occurred at the Petroleum Ministry under Jonathan
Re: How Was Jonathan Able To Manage Nigeria Economy by Ayanko(m): 3:22pm On Oct 20, 2023
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[/quote][color=#006600][/color]

Brother Ode, you don forget say GEJ kick out Ebola.
He saw the favour of the Lord.
Re: How Was Jonathan Able To Manage Nigeria Economy by Lekan239(m): 3:24pm 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
my brother its inflation and some bad choices that's killing Nigeria...

I
Sentiment asides, things always become harder down the years. Things where better during obasanjo period than yaradua period, things where better during yaradua regim than Jonathan regime. Things where better during Jonathan regime than buhari regime. Though buhari killed the economy with his bad decisions.

My main point is because fuel was 145 during Jonathan period does not meant he is perfect or so. Nigeria economy kept dwindling down the years. If Jonathan or obasanjo where the one rulling now, inflation and bad decisions of the past administration will still affect them.

1 Like

Re: How Was Jonathan Able To Manage Nigeria Economy by PARADIZEPRIEST: 3:26pm On Oct 20, 2023
Jonathan govt didn't face corona lockdown,jon govt had no debt to pay because okonjo obj got debt forgiveness from paris club. There oil price boom,so much that ziani was used by his cabal to loot away.
Nigerians dont even read,they don't think all they do is empty ranting,with syndrome of blame the new president.
Govt is a continnum,PTinubu inherited buha mess,and trying to rebuild Nigeria,yet you muroons that blame him,can't think. angry
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 3:26pm On Oct 20, 2023
chiself:


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.

Who is breaking Nigeria if I may ask? Is it those who introduced ethnicity and nepotism or the ordinary man making comments online?
Since you wanted the best for Nigeria, can you confidently say the country is in its best state and is going in the right direction?
Speaking up about the ills of govt dies not imply wishing the country bad. It is even keeping quiet that does the country much harm.
Re: How Was Jonathan Able To Manage Nigeria Economy by damosky12(m): 3:27pm 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

APC were expert propagandists! They called him names and ruined his reputation so much that too many people bought into that idea that he was incompetent.

Bias aside, Jonathan is the best we've had after Yaradua
Re: How Was Jonathan Able To Manage Nigeria Economy by Pakute: 3:28pm On Oct 20, 2023
Kukutente23:

Borrowing to pay salaries leads to recession ~ Pakute
This is the dumbest statement I've ever seen
I didn't say it leads to recession but a foundation for recession. When Govt borrows tn pay salaries consistently, then it could hardly spend for economic activities, leading to negative economic indicators. A former minister of works under GEJ decried how only 100million naira was released to his ministry. It'd do you a lot of good if you can engage your thinking cap before quoting me.
Re: How Was Jonathan Able To Manage Nigeria Economy by DeeGov123(m): 3:29pm On Oct 20, 2023
God is always with a Christian president and not with terrorists, check out all the president that have ruled Nigeria since 1960, the good ones we can mention that are good are the Christians, like yakubu Gowon, olusegun Obasanjo, good luck Jonathan, but watch all the Muslim president nothing to write home about.
Re: How Was Jonathan Able To Manage Nigeria Economy by saysoo: 3:30pm 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
He destroyed it. Check what Yar'adua left for him and what he left for buhari. He had the best oil production and price $120/bbl, yet did nothing with it.
Re: How Was Jonathan Able To Manage Nigeria Economy by Pakute: 3:30pm On Oct 20, 2023
mikeapollo:


Stop defending the indefensible. NNPCL could not account for $20billion up till now. This has been corroborated by the Senate Committees on several occasions.

You are very ignorant to say that the CBN does not have access to NNPCL's books! You definitely do not know what the CBN is or does. The CBN is the banker of the federation, the FGN and its agencies including NNPCL. It is the CBN that keeps records of all the monies remitted to the Federation accountant.
Each agency of government is supposed to submit an account along with the monies that they remit to the federation account at the CBN. The NNPCL submitted accounts that showed a shortfall of USD20billion between what they showed in the accounts and the money that they paid into the federation account at the CBN.
Those are the facts. Sanusi has been proved right several times. Stop trying to cover up for the corruption that occurred at the Petroleum Ministry under Jonathan
That guy is so dumb.
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 3:31pm On Oct 20, 2023
TheGoodJoe:


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.
You see, even you have shifted from 20bn to 12bn. Is that not confusion? Should a sitting CBN governor be making allegations about another agency of govt based on conjectures and wild guesses? Just imagine that happens today under Tinubu. Do you think the batists will praise such an individual or start calling him names.
I already shared a link of the PwC report with you. Go through it and highlight were it says money is missing
Re: How Was Jonathan Able To Manage Nigeria Economy by TheGoodJoe(m): 3:37pm On Oct 20, 2023
Kukutente23:

You see, even you have shifted from 20bn to 12bn. Is that not confusion? Should a sitting CBN governor be making allegations about another agency of govt based on conjectures and wild guesses? Just imagine that happens today under Tinubu. Do you think the batists will praise such an individual or start calling him names.
I already shared a link of the PwC report with you. Go through it and highlight were it says money is missing

No shifting. $18.5 billion not remitted. NNPC said they used about $6 billion of the money in duplicate transactions and other things.

Meanwhile, one of the duplicates was Kerosene Subsidy that is not in existence.

Sanusi should be respected for raising the alarm and not ridiculed.
Re: How Was Jonathan Able To Manage Nigeria Economy by TheOgaBoss: 3:38pm On Oct 20, 2023
nairalanda1:


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!)

oga we are saying the same thing, he did not accumulate more debt, rather he was able to raise money to negotiate and clear Nigeria's debt, but apc has accumulated more debt in just 8 years than we did in the elast 2 decabes prior to apc.
Re: How Was Jonathan Able To Manage Nigeria Economy by TheGoodJoe(m): 3:41pm On Oct 20, 2023
Kukutente23:

You see, even you have shifted from 20bn to 12bn. Is that not confusion? Should a sitting CBN governor be making allegations about another agency of govt based on conjectures and wild guesses? Just imagine that happens today under Tinubu. Do you think the batists will praise such an individual or start calling him names.
I already shared a link of the PwC report with you. Go through it and highlight were it says money is missing

https://www.nairaland.com/2280952/pwc-report-latest-cbn-npdc/
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 3:42pm On Oct 20, 2023
mikeapollo:


Stop defending the indefensible. NNPCL could not account for $20billion up till now. This has been corroborated by the Senate Committees on several occasions.

You are very ignorant to say that the CBN does not have access to NNPCL's books! You definitely do not know what the CBN is or does. The CBN is the banker of the federation, the FGN and its agencies including NNPCL. It is the CBN that keeps records of all the monies remitted to the Federation accountant.

Each agency of government is supposed to submit an account along with the monies that they remit to the federation account at the CBN. The NNPCL submitted accounts that showed a shortfall of USD20billion between what they showed in the accounts and the money that they paid into the federation account at the CBN.

Those are the facts. Sanusi has been proved right several times. Stop trying to cover up for the corruption that occurred at the Petroleum Ministry under Jonathan
It is unfortunate. A lot of you just write lies without any knowledge of what you're writing. Which Senate committee corroborated the claim? Can you share the report?

Your ignorance is obvious in claiming CBN has access to NNPCL's books and still doubling down on it. It's like saying because I take part of the money for my business and keep in First Bank, the bank has access to my books. That's a dead dumb idea.
As you rightly said, the CBN only keeps records of monies remitted into the federation account and not money that SHOULD be remitted. It cannot know how much SHOULD be remitted because it does not have oil receipts. I hope you understand the difference.
Note that your lie that each agency is to submit an account to the CBN along with any money they remit is defeated based on the fact that Sanusi never showed any documentary evidence to back up his claim other than expected revenue based on budgetary figures as if he's in charge of the budget!! Secondly, everybody is aware that different agencies of govt keep monies with commercial banks for different purposes. Those monies are not accounted for with CBN so CBN CANNOT be in a position to audit an agency's account and it never does. Do you doubt that?

Lastly, let me remind you that Sanusi started with $49.8bn before moving to $10bn then $20bn and later settled for $12bn. In all these, does it not paint a CBN gov in bad light to be bandying figures about in public which he can't substantiate?
Here's PwC's report on the matter. Kindly highlight were it says $20bn is missing or is PwC lying too?

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 LARRYOBRAIN(m): 3:43pm On Oct 20, 2023
Or how Jonathan mismanaged the economy.
We are all suffering the consequences of our past leaders mismanagements.
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 3:46pm On Oct 20, 2023
TheGoodJoe:


https://www.nairaland.com/2280952/pwc-report-latest-cbn-npdc/
Lol. Did you even read the link? It was obviously posted by a zombie and he even posted that CBN the accuser refused to open its books to PwC. Besides, NPDC which was the other agency they accused of same thing is totally different from NNPC!!
Re: How Was Jonathan Able To Manage Nigeria Economy by Image123(m): 3:46pm On Oct 20, 2023
This is as foolish as asking why someone looks okay and can run around even though he had cancer 7 years ago but he now looks emaciated and dying. Was he managing the cancer better 7years ago, or it was even the life he lived then that caused the cancer of today. Clueless GEJ wrecked what was supposed to help us today. He had MONEY to build our reserves, refineries, and all the infrastructure we are just building NOW. He frittered it away like a typical Bayelsa governor.
Re: How Was Jonathan Able To Manage Nigeria Economy by Image123(m): 3:47pm On Oct 20, 2023
olamilarks:
Ngozi Okonjo-Iweala and some wonderful economic reforms.

Like which one and which one, sureP?
Re: How Was Jonathan Able To Manage Nigeria Economy by TheGoodJoe(m): 3:48pm On Oct 20, 2023
Kukutente23:

Lol. Did you even read the link? It was obviously posted by a zombie and he even posted that CBN the accuser refused to open its books to PwC. Besides, NPDC which was the other agency they accused of same thing is totally different from NNPC!!

Did I open the link? I even have a thread on the PWC report.

https://www.nairaland.com/2736550/revisiting-pwc-did-emir-sanusi#40016509

I also know about the CBN part. No one called CBN saints, we are talking of the reckless and illegal handling of our resources, with GEJ pretending not to know.

Finito.
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 3:49pm On Oct 20, 2023
TheGoodJoe:


No shifting. $18.5 billion not remitted. NNPC said they used about $6 billion of the money in duplicate transactions and other things.

Meanwhile, one of the duplicates was Kerosene Subsidy that is not in existence.

Sanusi should be respected for raising the alarm and not ridiculed.
Lol. Now it's $18.5bn no longer $20bn or $49.8bn.

Raising alarm and changing figures. Have you gone through PwC. Did you see the $20bn missing report?
Re: How Was Jonathan Able To Manage Nigeria Economy by ADAMUdaCOWBOY: 3:49pm 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
He did not manage anything! You are only saying so because he is out of office. By the time Tilumbu is done with Nigeria, even the most fanatical of agbado urchins will compare Buhari to Abraham Lincoln.
Re: How Was Jonathan Able To Manage Nigeria Economy by saysoo: 3:50pm On Oct 20, 2023
Kukutente23:

You see, even you have shifted from 20bn to 12bn. Is that not confusion? Should a sitting CBN governor be making allegations about another agency of govt based on conjectures and wild guesses? Just imagine that happens today under Tinubu. Do you think the batists will praise such an individual or start calling him names.
I already shared a link of the PwC report with you. Go through it and highlight were it says money is missing
You guys should stop. Youtube can help you. SLS,NOI and DAM where all summoned to the senate. Sanusi maintained that $20b was missing, DAM was talking about a gazzete signed by Late Yar'adua on (DPK) kerosene and NOI was talking only $10b was missing. Watch the session on youtube sure it will still be there. GEJ was a failure.
Re: How Was Jonathan Able To Manage Nigeria Economy by kissdabride: 3:52pm On Oct 20, 2023
NzogbuNzogbu:
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
yes oooo
APC is satanic.
APC is Islamic terrorists.
Everything about APC is evil
Re: How Was Jonathan Able To Manage Nigeria Economy by kissdabride: 3:53pm On Oct 20, 2023
NzogbuNzogbu:
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
yes oooo
APC is satanic.
APC is Islamic terrorists.
Everything about APC is evil
APC supporter are all evil
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 3:54pm On Oct 20, 2023
Pakute:

I didn't say it leads to recession but a foundation for recession. When Govt borrows tn pay salaries consistently, then it could hardly spend for economic activities, leading to negative economic indicators. A former minister of works under GEJ decried how only 100million naira was released to his ministry. It'd do you a lot of good if you can engage your thinking cap before quoting me.
Lol. Look at this ignoramus. So borrowing to pay salaries means a govt can't spend for economic activities? What exactly do you even mean?
You're just saying rubbish all through.
Recession means two succesion of negative quarterly economic growth. Kindly explain how borrowing to pay salaries leads to that in a country that runs deficit budgeting like Nigeria.
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 3:57pm On Oct 20, 2023
saysoo:
You guys should stop. Youtube can help you. SLS,NOI and DAM where all summoned to the senate. Sanusi maintained that $20b was missing, DAM was talking about a gazzete signed by Late Yar'adua on (DPK) kerosene and NOI was talking only $10b was missing. Watch the session on youtube sure it will still be there. GEJ was a failure.
Did Sanusi advance any documents to back his claim? It was after that appearance that PwC was contacted and they came back with $1.48bn unremitted.
Don't forget that Sanusi's claim was that NNPCL did not remit $49.8bn not that it was missing. I hope you understand the difference.
By his claim, NNPCL was deliberately withholding money that should accrue to govt. Yet he could provide NO evidence. Just kept shifting figures
Re: How Was Jonathan Able To Manage Nigeria Economy by kissdabride: 3:57pm 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.
another evil party APC supporter
Always making excuse to do evil
Re: How Was Jonathan Able To Manage Nigeria Economy by TheGoodJoe(m): 3:57pm On Oct 20, 2023
Kukutente23:

Lol. Now it's $18.5bn no longer $20bn or $49.8bn.

Raising alarm and changing figures. Have you gone through PwC. Did you see the $20bn missing report?

The alarm Sanusi raised made NNPC start arranging their books. Start remitting and adjusting their books. What your reading is after months of alarm.
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 3:59pm On Oct 20, 2023
TheGoodJoe:


The alarm Sanusi raised made NNPC start arranging their books. Start remitting and adjusting their books. What your reading is after months of alarm.
Lol. I like you. So they adjusted their books such that PwC couldn't see anything. Kindly tell the dumb mikeapollo that CBN did not have documents with him to prove his claim so NNPCL had enough time to cook their books and come back looking clean. The dumbo claims CBN has access to NNPCL's books.
Re: How Was Jonathan Able To Manage Nigeria Economy by saysoo: 4:01pm On Oct 20, 2023
Kukutente23:

Did Sanusi advance any documents to back his claim? It was after that appearance that PwC was contacted and they came back with $1.48bn unremitted.
Don't forget that Sanusi's claim was that NNPCL did not remit $49.8bn not that it was missing. I hope you understand the difference.
By his claim, NNPCL was deliberately withholding money that should accrue to govt. Yet he could provide NO evidence. Just kept shifting figures
My point is, watch that clip of their summon by the senate and hear what the three said. They were all giving fair hearing. Forget what PWC did, it was goverment sponsored.

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