Stats: 3,174,133 members, 7,890,808 topics. Date: Monday, 15 July 2024 at 08:55 PM |
Nairaland Forum / Nairaland / General / Politics / How Was Jonathan Able To Manage Nigeria Economy (24943 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)
(1) (2) (3) ... (10) (11) (12) (13) (14) (15) (16) (Reply) (Go Down)
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 5:29pm On Oct 20, 2023 |
Pakute: Yeah. Go and look for your fellow nitwits who have been fed chicken shit by Reno and FFK |
Re: How Was Jonathan Able To Manage Nigeria Economy by Kukutente23: 5:30pm On Oct 20, 2023 |
saysoo:Lol. When did Cameron mention GEJ govt in his statement. |
Re: How Was Jonathan Able To Manage Nigeria Economy by onuman: 5:31pm On Oct 20, 2023 |
blueAgent: Ha ha ha. Because you don't understand what is holding Nigeria down. You pray every year for a good leader to emerge to lift up Nigeria. But the prayers have remained vanity. You don't ask yourselves why. You don't even understand that it's piling up multireligious and multi ethnic groups in one country by Oyibo people that makes Nigeria deteriorate. Oyibo knows that keeping Nigeria down is at their own exonomic advantage. |
Re: How Was Jonathan Able To Manage Nigeria Economy by poiZon: 5:33pm On Oct 20, 2023 |
walexbiz:Will u arrest something that never happened? Who will u arrest? Sanusi said 50billion dollars, later he said 49b, he now drop it to 20b dolls... That crude surveillance to militants paid off, the reason Nigeria benefitted from oil bloom. We were doing 2.1 to 2.5mbpd of oil production. When yaradua came in, oil production has dropped to 900thousand barrels per day.. Go and check, it takes a brilliant and intelligent president with his vice to achieve something great. |
Re: How Was Jonathan Able To Manage Nigeria Economy by poiZon: 5:42pm On Oct 20, 2023 |
nairalanda1:During COVID we had spending problem, still remember how humanitarian minister fed school children with billions who were actually at home? Most of the cassh expended were from donor funds, so don't understand how and where we were accumulating debt. |
Re: How Was Jonathan Able To Manage Nigeria Economy by GeneralDae: 5:46pm On Oct 20, 2023 |
TheGoodJoe:Buhari was terrible especially with the 22.8 trillion naira from CBN but Jonathan was something else. Jonathan had oil production at around 2.5 million barrels per day compared to the present 1.4 million bpd. Obasanjo and Yar adua left him 22 Billion dollars in excess crude account and he also had the highest oil prices ever in our history, yet he depleted foreign reserves from 44 Billion dollars to 28 Billion dollars. Depleted Excess crude account from 22 Billion dollars to 2 Billion dollars and increased our debt from 35 Billion dollars to 67 Billion dollars. 1 Like |
Re: How Was Jonathan Able To Manage Nigeria Economy by TheGoodJoe(m): 5:47pm On Oct 20, 2023 |
Kukutente23: I can point out how PWC proved the illegalities in the NNPC operations. The PwC report highlighted several points that supported Sanusi's assertions. Here are some of the key points from the report: Discrepancies in Crude Oil Sales: The PwC report revealed significant discrepancies in the declared crude oil sales figures by NNPC, particularly regarding the amount of crude oil produced and exported compared to what was actually remitted to the Nigerian Federation Account. Lack of Transparency: The PwC audit pointed out that NNPC lacked transparency in its financial transactions, making it difficult to account for the actual revenue generated from crude oil sales. Unaccounted for Costs: The report raised concerns about unaccounted-for costs and deductions made by NNPC, which were not adequately documented or explained. These deductions reduced the amount of revenue that should have been remitted to the government. Missing Funds: PwC identified discrepancies in the amounts remitted to the Federation Account and the amount expected based on crude oil production and sales. The report highlighted a significant gap in the remittances, indicating potential missing funds. Inadequate Record-Keeping: The audit revealed that NNPC's record-keeping practices were inadequate and lacked the necessary documentation to support its financial transactions and deductions. Failure to Remit Funds: The report pointed out instances where NNPC failed to remit funds to the Federation Account, which is required by Nigerian law. Inconsistencies in Subsidiary Accounts: The PwC report highlighted inconsistencies and discrepancies in the subsidiary accounts of NNPC, further raising concerns about the accuracy and completeness of financial reporting. Lack of Compliance with the TSA Policy: The PwC report also found that NNPC did not fully comply with the Treasury Single Account (TSA) policy, which was designed to improve transparency and accountability in government finances. Inefficient Management of Petroleum Products: The report noted inefficiencies in the management of petroleum products and subsidies, which led to financial losses. |
Re: How Was Jonathan Able To Manage Nigeria Economy by poiZon: 5:49pm On Oct 20, 2023 |
MASTERCHIEF0847:Lemme tell u what led to the Forex abnomality during buhari. He came in stopped dollar deposits and withdrawals. Nigerians who were outside doing their normal diaspora remittance had to devise means to send cash back home. That 20billion dollar diaspora fund CBn use in defending the naira was cut off cos of stupid corruption fight. He blocked border forgetting Nigeria still benefits from transsaharan trade, at the end those mallams that were benefitting from these trades from subsahara were out of business. They resorted to banditry, killing and kidnapping farmers. This is how it started, poor and foolish leadership cos of hatred of one man |
Re: How Was Jonathan Able To Manage Nigeria Economy by GeneralDae: 5:55pm On Oct 20, 2023 |
poiZon:Did Buhari block borders in Northern Nigeria? |
Re: How Was Jonathan Able To Manage Nigeria Economy by just2endowed: 6:00pm On Oct 20, 2023 |
nairalanda1: but we over here, we breed like pigs, exploding the population to 220 million souls with no proper planning. if UAE population was expanding at the same rate as nigeria since 1960, till date toi 220million their imprt might be greater than export. In 1960 Nigerian Population was 50 million approx and britain population was 50million there about. Fast forward to present day, Nigeria population is now estimated to be around 200 million people. UK population is hovering arounf 65 millions. There is where development economics comes in. We could not expand popluation rate to that of economic development rate so here we are feeling the end produce |
Re: How Was Jonathan Able To Manage Nigeria Economy by poiZon: 6:05pm On Oct 20, 2023 |
GeneralDae:He did.... Only cows and killer herdsmen were allowed in. |
Re: How Was Jonathan Able To Manage Nigeria Economy by crackhouse(m): 6:11pm On Oct 20, 2023 |
Na all of us go suffer am.. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Ate247(m): 6:19pm On Oct 20, 2023 |
MASTERCHIEF0847:you keep saying oil boom. Go and check the average price difference from 2009 to 2014 and now 2023. This government is just Clueless. The level of oil theft is this APC government is alarmingly high. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Ibime(m): 6:23pm On Oct 20, 2023 |
It's simple. He spent the money OBJ saved up to keep the Naira stable OBJ left over $60bln in Foreign Reserves and $40bln in Excess Crude Account By the time Jonathan was done, only $40bln was left in foreign reserves and zero in Excess Crude Account By the time Buhari was done, the Foreign Reserves had all been mortgaged as PWC told us Government is a continuum. OBJ is the star who built the savings, Jonathan started the rot and Buhari finished it 5 Likes 3 Shares
|
Re: How Was Jonathan Able To Manage Nigeria Economy by GloriousGbola: 6:33pm On Oct 20, 2023 |
Ibime: 1 Like
|
Re: How Was Jonathan Able To Manage Nigeria Economy by Thegamingorca(m): 6:42pm On Oct 20, 2023 |
Mom007: 1183 |
Re: How Was Jonathan Able To Manage Nigeria Economy by Mom007(f): 6:53pm On Oct 20, 2023 |
Thegamingorca:Tor, shikena |
Re: How Was Jonathan Able To Manage Nigeria Economy by Hassanmaye(m): 6:55pm On Oct 20, 2023 |
Finneseguy1:Hahahaha please |
Re: How Was Jonathan Able To Manage Nigeria Economy by Olajide200(m): 6:56pm On Oct 20, 2023 |
Its simple. He wasnt bribing judges in dollars or paying American lawyers to defend his forged certificates 1 Like |
Re: How Was Jonathan Able To Manage Nigeria Economy by NIGERDELTAIDOL: 6:57pm On Oct 20, 2023 |
Who u dy ask Mumu Occupy Nigeria |
Re: How Was Jonathan Able To Manage Nigeria Economy by olamilarks(m): 6:59pm On Oct 20, 2023 |
Image123:I don't know about sureP. But I know about these reforms: IPPIS: Before this heads of government organizations used workers' salary to earn interests in the bank before paying them Sovereign Wealth Fund: Most of the governors wanted to share the gains of the high crude prices but she was able to convince them to save for rainy days. Some reforms at the ports: Particularly the Cargo Tracking Note fees that was been enforced by the NPA. And she had a better plan to manage the subsidy removal before Uncle Jonathan blew it by announcing the removal as a new year's gift for Nigerians (Same way Uncle Jags gave Nigerians a rather unwanted gift on his swearing date) |
Re: How Was Jonathan Able To Manage Nigeria Economy by saysoo: 7:01pm On Oct 20, 2023 |
Kukutente23:When he was the PM . He told the late Queen when Jonathan paid her majesty a visit. Try the net, you may get info. The statement was critized though. |
Re: How Was Jonathan Able To Manage Nigeria Economy by TheOgaBoss: 7:02pm On Oct 20, 2023 |
Burob:apc, the ruling party has been in power for more than 8 years oga, same party, same manifesto, same program and basically same people. |
Re: How Was Jonathan Able To Manage Nigeria Economy by Hassanmaye(m): 7:05pm On Oct 20, 2023 |
nairalanda1:Wow |
Re: How Was Jonathan Able To Manage Nigeria Economy by Tatinus: 7:09pm On Oct 20, 2023 |
A tin Una sey Jonathan na small pickin nah God don give Una two strong mehn |
Re: How Was Jonathan Able To Manage Nigeria Economy by TheOgaBoss: 7:09pm On Oct 20, 2023 |
Charly68:if tinubu even succeeds now to take us back to where we were under Jonathan, u lots will praise him to high heavens. let's not allow sentiments to becloud our judgements, the south westerners were the ones who championed opposition against GEJ because some key positions in his administration were occupied by person from the SS and SE. this infuriated u lots and there were no amount of performance that would have pleased u people. let's not forget how u denigrates and insulted his person and his family was not even spared your verbal assaults. |
Re: How Was Jonathan Able To Manage Nigeria Economy by TheOgaBoss: 7:17pm On Oct 20, 2023 |
Dsimmer:ironically oil prices has experienced a surge since the Russia Ukraine war of more than a year now, but it did not stop apc from borrowing. |
Re: How Was Jonathan Able To Manage Nigeria Economy by aviara: 7:18pm On Oct 20, 2023 |
Yorubas have this air of arrogance of thinking they are smarter, wiser and better than the rest of us in Nigeria. The power they desperately wanted has been handed to them and they occupy all the juicy positions in all sectors of the economy, yet we can't see the positive impact of their smartness on the economy. Nobody from the Amala region can surpass Jonathan's performance. This is to the shame of their elites who fought Jonathan's govt with propaganda. At least Jonathan is not a certificate forger like their drug hero with questionable personality. 1 Like 1 Share |
Re: How Was Jonathan Able To Manage Nigeria Economy by fredwill1357(m): 7:22pm On Oct 20, 2023 |
qwertyuioplm:He had a good economic team, but a lower population is also a large factor. During his tenure, Nigeria population was around 150 million, 180- 200. Now, Nigeria population is nearing 250 million, this means more imports to meet the needs of about 230 million people, given the fact that we are an import dependent economy. This results to a weaker currency, higher inflation, high cost of living and hardship. Our high population growth also means there are more mouths to feed, given our low productivity in agriculture and the menace of terrorists and bandits, there isn't enough food to go round. This results in higher costs for the available food products, goods, materials and services. Incompetent governments, political office holders, foolish uneducated unenlightened tribalistic citizens are also a large factor. I don't want to trade blames or criticize anybody, but the Government and Nigerians are largely responsible for the hardship we are experiencing in Nigeria. |
Re: How Was Jonathan Able To Manage Nigeria Economy by chiself: 7:24pm On Oct 20, 2023 |
Kukutente23: Who is breaking Nigeria ? Well Atiku tried to do that, and there are some waiting for the FBI report. The question is do you think the fall out, if there is anything incriminating would only affect Tinubu? You are all screaming about the state of economy but do you think such incrementing information will make the Naira rise against the dollar and bring about the needed foreign investments? The country is not in the best state, we all know that, but as as Sanusi said "Anybody who tells you it's going to be easy, please don't vote for him". In early 1922, 160 German marks was equivalent to one US dollar. By November of 1923, the currency would depreciate to 4,200,000,000,000 marks to one US dollar. With policies the hyperinflation was over by 1924. It is even keeping quiet that does the country much harm, true, but what are you saying. I have read people saying Buhari government is better than Tinubu's government . Do they mean Tinubu's government in Lagos State or what government? Is it the one that is just starting? Let the policies feed through. There are time lag but come back in 2-4 years time and review. It is like a journey from Lagos to Kano. You might not have reached Kano but it is important to know that you have left Lagos and on your way to Kano. You might not even get to Kano but Kaduna, but it is closer to Kano than Lagos. The journey from Kaduna to Kano wouldn't take as long. |
Re: How Was Jonathan Able To Manage Nigeria Economy by aviara: 7:25pm On Oct 20, 2023 |
Yorubas after being embarrassed with the abysmal performance of the certificate forger, will not go to Ojota to protest against bad governance. Rather they will result to paint every party and past govt as being the same. Their arrogance makes it hard for them to accept their poor judgement and apologies they think Igbos are their problem |
Re: How Was Jonathan Able To Manage Nigeria Economy by aviara: 7:39pm On Oct 20, 2023 |
Only a delusional man will think Tinubu's govt will bring a better standard of living and shared prosperity for all. With the kind of system we have seen him set up in Lagos state, his economic is such that takes from poor and to enrich the rich and the politicians while flaunting bogus figures as internally generated revenue collected by double taxation, brute force, extortion and arbitrary fines and fees. |
(1) (2) (3) ... (10) (11) (12) (13) (14) (15) (16) (Reply)
The Village/Town Development In Anambra State:obosi Town / Buhari Approves Release Of 70,000 Metric Tonnes Of Grains To The Vulnerable / Melaye Dance To “konko Below Song”, Host Get Together Party over Atiku's Victory
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 75 |