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External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:18am On Nov 07, 2014 |
1. PRESIDENT OLUSEGUN OBASANJO (1999-2007) EXTERNAL DEBT: Inherited: $30 billion Cleared : $18 billion Paid: $ 12 billion Dollars Left: $3,348.22bn-2007 [url]http://www.financialnigeria.com/development/developmentreport_category_item_detail.aspx?categoryid=5&item=174 [/url] FOREIGN RESERVE Inherited: $3.7 billion (1999) Left: $45.0 billion (2007) www.nairaland.com/attachments/1842321_obasanjoreserve_jpeg77635592e97d66a67bd471f21bda8ffc http://olusegunobasanjofoundation.org/?oof_staff=president-obasanjo NB: As at 2003, Oil Price Per Barrel was $30 and it was at $90 when he left. 51 Likes 10 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:18am On Nov 07, 2014 |
2. UMARU MUSA YAR ADUA (2007 - 2009) EXTERNAL DEBT: Inherited: $3,348.22 billion Left: $3.94 billion Dollars www.nairaland.com/attachments/1842446_truedebttttttt_jpeg2ad5584fcb26623eb8c5f08c1ec1f242 http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf EXTERNAL RESERVE Inherited: $45.0 billion Grew To: $63 billion in September, 2008 http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/ Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" ) http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf N/B: The reserve grew when the price of Crude Oil was $147 per barrel It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death 24 Likes 4 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:18am On Nov 07, 2014 |
3. PRESIDENT GOODLUCK JONATHAN: EXTERNAL DEBT Inherited: $3.94 billion Dollars As At Now: $9.3 billion Dollars [url]http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf[/url] FOREIGN RESERVE: Inherited: $47. 7 billion (As At December 31st, 2009) As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp www.nairaland.com/attachments/1842363_2014foreignreserve_jpegb778234d0e84907de925a2b063c2355a N/B: Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion As at 2010, Oil Price was at $89 per barrel As at 2011, It was $103 per barrel As at Now it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003 Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show 331 Likes 29 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Opiosko: 12:24am On Nov 07, 2014 |
U are really working hard spending sleepless nights to earn ur next pay. I wish u could channel such effort to something that's worth it. 210 Likes 11 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:26am On Nov 07, 2014 |
barcanista better go find work now oh because once APC loses next year election, they will stop paying you 150 Likes 7 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:29am On Nov 07, 2014 |
It is very clear that Goodluck Jonathan government is ruining Nigeria's economy, destroying what Presidents Obasanjo and Umaru Musa Yar Adua managed to build. BTW 2008 and 2011 Nigeria earned N20.895 trillion in Oil Revenue Yar adua's era plus TWO years Jonathan (3 years) MODIFIED: Thank you seun and team for the FP. 109 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:30am On Nov 07, 2014 |
From Debt Management Office www.nairaland.com/attachments/1842450_nigeriaexternaldebtunderjonathanasatjune2014_jpeg5df3bba67660a0177d36b551048ad27a 34 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by automaticcars: 12:31am On Nov 07, 2014 |
^ ^^ ^^^ The three posters after op are very stup.id. Why attacking the op instead of saying any disagreement they have with the data the op has given us? You guys are very fooli.sh. Dumb and fooli.sh indeed. 361 Likes 23 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:31am On Nov 07, 2014 |
Johnpaul2k2:I am a fool because I am taking my time to educate Nigerians? We all know who the fool is here 354 Likes 10 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:33am On Nov 07, 2014 |
barcanista:hey kid, it's exactly 12.33am, go to bed 29 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:34am On Nov 07, 2014 |
Opiosko:Nothing is more worth it than telling Nigerians the situation of things. FACTS don't lie. 238 Likes 7 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Opiosko: 12:34am On Nov 07, 2014 |
barcanista:Lol! It's not about having access to more money, but what u are doing with the money. How much has GeJ used to reform ur amajiri terrorists recruitment camps to rescue northern children and give them a future?.. How much has been spent in reforming our military to help counter Buhari islamic insurgency?..... 121 Likes 15 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Mogidi: 12:35am On Nov 07, 2014 |
barcanista: Propaganda king, bros Joseph Goebbels will be proud of you 34 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by karlmax2: 12:38am On Nov 07, 2014 |
barcanista:i hope you know that a countries external debt includes those borrowed by states ? And Nigerians know the states that has mogaged the life of their unborn children with loans to service the ego of a certain Tinubu.this debt includes the one FASHOLE collected for school project he didn't do and ran to court when asked to account for it the one fayemi used to buy that 50million naira bed was also part of the debt and the ameachis private jet too. So don't make it seem as if the debt is federal government alone .it includes the loans fg signed off for states 84 Likes 6 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:39am On Nov 07, 2014 |
Opiosko:You seem not to understand macro economics and governance. 1. The Price of Oil was off-shooting than what was obtained during Obj's era. Yet we didn't experience any growth in Foreign Reserve 2. When Yaradua took over, price of Oil was HIGH and our reserve was going higher and Higher to peak at all time high. It started to dip during the recession, when the oil fell at $30 per barrel. Even at that it wasn't that depleted, and the Change in External Debt was $4 Million 3. Jonathan took over power, the Oil price was soaring, rather than reserve to soar like other regimes, it deepened. Rather than him to take care of external debt, he borrowed more. Who is the worst administrator? 131 Likes 8 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Mogidi: 12:40am On Nov 07, 2014 |
Opiosko: Not forgetting the other presidents didn't have the same dynamics GEJ is governing under. Nigeria did not become Africa's economic power house because Gej is imprudent. 21 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:41am On Nov 07, 2014 |
What about investment in infrastructure by the various administrations? To compare debt and reserve of the various governments without also presenting the facts on expenditure or investment in infrastructure is simply misleading! You cant selectively analyse aspects of the balance sheet and then expect it to stack up! This is another example of APC supporters campaigning with half truths! 74 Likes 3 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:42am On Nov 07, 2014 |
NIGERIA BUDGET UNDER Obasanjo, YAR ADUA AND JONATHAN. OBASANJO 2005.. N1.8trn 2006.. 1.9 trn 2007.. 2.3 trn He left foreign reserve from less than 2 billion to 45 billon dollars and our debt was reduced from 30billion to 3 billion dollars. Despite the Oil Price Yar Adua... 2008... N3.5trn 2009... N3.7trn Pause: There was downwad in Oil Price, Plus he restored the subsidy removed by Obasanjo. He still left a Good fortune in the reserve and had a almost zero external debt(on his own) Jonathan 2010... 4.6 trn 2012... 4.48 trn 2012... 4.7 trn 2013... 4.99 trillion 2014... Over 5 trillion Pause: Jonathan enjoyed increased oil price, he partially removed subsidy, yet the country's debt was increased by almost 3b dollars and our reserve heveily depleted. On a very good ground, the reserve should be soaring High. http://www.vanguardngr.com/2013/01/fg-states-lgas-squander-n80-trn-in-9-years/ 124 Likes 6 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:44am On Nov 07, 2014 |
All this rambling is geared towards foisting a coupist on this nation, it will not work. Sell us another candidate and we will listen to you but certainly not Buhari The 2.8b that disappeared under his watch at NNPC is still fresh in our minds The jailing of Ambrose Ali, Alex while putting his tribes man under house arrest is not forgotten yet The callous comments he made during and after the 2011 elections that led to the death of many youths is still there to ponder over. The bastard is yet to apologies for those comments , he is yet to condemn those killings, he is yet to stop making inciting comments. Am guessing you were less than 10 than 10 years in 1983 so you will believe anything they tell you . How many threads have your camp opened only today just because of the demolition datolee put you guys through. 95 Likes 10 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:45am On Nov 07, 2014 |
mikeansy:Which Infrastructure? Are you aware that budgetry performance of 2013 budget was at a Shameful 40%? What that means is that, Of the 100% of Capital projects appropriated for, ONLY 40% Capital project was attended to. Where did the rest of the money go? BTW: Which Infrastructural project? 78 Likes 5 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:45am On Nov 07, 2014 |
karlmax2: If they want to talk about debt let's see how much Lagos owes relative to the National average! APC the party of "tax and spend" is in no position to lecture anyone on financial prudence! 18 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:46am On Nov 07, 2014 |
aguiyi:Who was incharge of security as at 2011? btw what is the relationship between the topic and this nonsense? 47 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:48am On Nov 07, 2014 |
mikeansy:From Obasanjo to Yar Adua, States took debt. It is not perculiar to Jonathan. Meanwhile, Jonathan's FG Debt is $$$**** (I throw that to you, but I have it here) Beside, You should not forget Items (External Reserve and crude oil price) 22 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Opiosko: 12:49am On Nov 07, 2014 |
barcanista:Macro econs or Micro econs, my point is that these presidents faced different challenges and GeJ's is one that has not been seen before. How much have we spent on military hardwares alone to upgrade our military in the past few yrs?.. 17 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:51am On Nov 07, 2014 |
barcanista: The relationship is clear, you are trying so hard to discredit the president who is most favored by the masses for a second term. Several threads have been opened just to regain the image battered today by datolee, Buhari is not sellable 49 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Amisec: 12:52am On Nov 07, 2014 |
With all the security challenges here and there and the Naira getting weaker by the day, I am suprised he hasn't spent up to half of both resources. Well for me I think he has done well. 29 Likes 2 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Mogidi: 12:52am On Nov 07, 2014 |
Africa’s new Number One Read it at the economist http://www.economist.com/news/leaders/21600685-nigerias-suddenly-supersized-economy-indeed-wonder-so-are-its-still-huge Nigeria becomes Africa's biggest economy Read it at the BBC http://www.bbc.co.uk/news/business-26913497 Nigeria overtakes South Africa to become Africa's largest economy Read it at the famous Guardian newspapers of Britain http://www.theguardian.com/world/2014/apr/07/nigeria-south-africa-largest-economy Apart from bokoharam and all other forces that swore to make this nation ungovernable, GEJ surpassed our widest dreams. 64 Likes 3 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 12:54am On Nov 07, 2014 |
aguiyi:How is that my business? Face the thread 11 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 1:00am On Nov 07, 2014 |
Amisec:Boko Haram did not affect Oil Price, unlike Obasanjo who faced Niger Delta Militants and it greatly had effect on oil production and our crude oil earning. You definitely have no point 70 Likes 3 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Amisec: 1:05am On Nov 07, 2014 |
barcanista: How do you mean? Was the cost of the war against bokoharam budgeted? 28 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 1:06am On Nov 07, 2014 |
Amisec:Why not research on Nigeria's budget and find the Military Expenditure? Must I spoon-feed you? Beside barcanista:Militants blow up oil installation= Nigeria loses Money Militants Kidnap Oil Workers= Nigeria Loses Oil Money Oil Coys Pay Ransome= It tells on our tax Oil Coys cut production= Nigeria loses money President Obasanjo Spent Money on Military= Just Like Jonathan. Yet, we had enough in our revenue and almost zero external debt 46 Likes 7 Shares |
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