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Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:38am On Nov 07, 2014 |
datolee: There must be something wrong with that figure in bold. |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by ayukdaboss(m): 9:42am On Nov 07, 2014 |
frankyychiji:Bros type PDP.ig without the period and tell me what you see! 3 Likes
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Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:44am On Nov 07, 2014 |
datolee:Stop trying to be clever by half again. It was clear that Obj was indebted at a latter period of his era, hence, the $3billion loan. I provided you link for Everything!!! He paid $12 b and was again indebted to $3 billion at another period of time. Hence, I didn't do any addition so as not to tamper with what is obtainable in the reports. How does that answer the question? See It is clear that you have nothing to offer or if you do, explain the poser I have been throwing at you.. Don't tell me you didn't see it. The Sanusi's case is ridiculous, Not even Sanusi or NOI could defend it because it will be dead on arrival. 7 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by EldaTimba(m): 9:44am On Nov 07, 2014 |
barcanista:I am once a again DISAPPOINTED in you. You keep on calling Ezekwesilli's name as if she is a credible source. That she was a world bank VP doesn't make her a credible source. Or would you take Soyinka's bashing on Buhari article as a credible source of information? 2. You keep on saying datolee is running when you haven't answered some of his questions. OBJ borrowed $3 billion in two years. If we are to follow this path, then GEJ is PRUDENT. 3. Finally, with a plain mind, we all know who is running round circle. FACTS are SACRED 12 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:44am On Nov 07, 2014 |
ayukdaboss: Be guided, the budget wasn't for purchase or arms alone!! it is total defence budget for a year which in all honesty isn't very much when you compare to other countries and the devil we are currently fighting. If we must ask questions, where are the weapons purchased under OBJ and Yaradua,.. the simple answer is that when you minus the recurrent expenditure, there is little left to buy modern weaponry 12 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:44am On Nov 07, 2014 |
django1:He may not be as smart as we think |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:45am On Nov 07, 2014 |
EldaTimba:Ask your president how 200 billion for susidy jumped to 1.2 trillion, that should explain the remaining 200% jump in the budget. Economy growing @ 7% yearly should also bring in more funds except your government is lying about that too. 4 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by ayukdaboss(m): 9:45am On Nov 07, 2014 |
django1:True. The Guy isn't even sure of wherever he's lifting those figures from. 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:46am On Nov 07, 2014 |
django1: Thanks, i will correct, it was in billion not trillion 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:46am On Nov 07, 2014 |
omenka:You notice the dynamics of his response? this is very laughable and funny!!! I shall "guide" him diligently 3 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Descartes: 9:47am On Nov 07, 2014 |
datolee:Uno get human sympathy ni...Chai...diaris... |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Firefire(m): 9:48am On Nov 07, 2014 |
ayukdaboss: I cautiously agree that Jonathan performance could not measure to the high expectation of most Nigerians... It is also unfortunate that he got many enemies within the four walls of Nigeria bent on frustrating his program and demonized him. Howbeit, I will counsel you to change your mind set about him, let support him as much as we could hoping that the next four years 2015-19 would be a PAYBACK Time for Nigeria. (To compensate for all shortfalls) Please do NOT think GMB can ever become the President of Nigeria again... so unfortunate that APC could not provide a formidable opposition than the heavily spent-out General. I wish you and yours well, now and in the future. Shalom! 3 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:48am On Nov 07, 2014 |
ayukdaboss:Sadly, seun haven't put it on FP 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:49am On Nov 07, 2014 |
Firefire:Off-Point Alert!!! 6 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Firefire(m): 9:51am On Nov 07, 2014 |
2 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:51am On Nov 07, 2014 |
EldaTimba:Obj left a Reserve of $45 billion GEJ not only borrowed but he went as far as depleting the reserve. It is like you have no clue 4 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by EldaTimba(m): 9:52am On Nov 07, 2014 |
Obiagelli:Ma, this isn't not about subsidy. It is about budget. You Barcanista saidsubsidy is for another day/thread. But for now, let us face this issue. 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:52am On Nov 07, 2014 |
EldaTimba:I don't even know why Obiagelli is responding to you. You have no clue 4 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Firefire(m): 9:53am On Nov 07, 2014 |
barcanista: Depleting the reserve to do what Please state it categorically here Borrowed for what purpose Please be explicit. 2 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:53am On Nov 07, 2014 |
barcanista: You see, you simply can't answer the question. Lets move on to next. Here is a link of SANUSI himself stating very bold that he will not devalue the naira rather he will use the external reserve to defend the Naira http://www.nigeria-news-world.com/2013/09/i-will-defend-naira-with-reserves-sanusi.html#.VFyHTvmUf-F http://www.vanguardngr.com/2013/09/i-will-defend-the-naira-with-reserves-sanusi/ http://www.vanguardngr.com/2013/09/i-ll-not-devalue-the-naira-sanusi/ Now when you are done reading those, please turn over to bloomberg http://www.bloomberg.com/news/2014-02-25/naira-devaluation-seen-on-central-bank-upheaval-africa-credit.html Digest while I have Lunch / Dinner 10 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 9:53am On Nov 07, 2014 |
Seun and Obinoscopy, we are appealing for a FP!!! I don't know why you guys are keeping blind eye. |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by EldaTimba(m): 9:54am On Nov 07, 2014 |
barcanista:You are smart, but you are not saying the WHOLE truth. What did GEJ use the depleted reserve for? 1 Like |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by patrickmuf(m): 9:55am On Nov 07, 2014 |
barcanista:He's a novice so he resorts to trash talking... 3 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Firefire(m): 9:59am On Nov 07, 2014 |
barcanista: [size=25pt]I will defend the Naira with reserves - Sanusi [/size] The Governor of the Central Bank of Nigeria, CBN, Mal Sanusi Lamido Sanusi, has vowed to defend the Naira and was prepared to used the nation’s foreign reserve to ensure the currency’s stability. Briefing the journalists at the end of the Monetary Policy Committee meeting in Abuja, Tuesday, he said that the argument of those pushing for the devaluation of the Naira did make any valid economic sense in an import-dependent country like Nigeria. Mal. Sanusi insisted that the CBN would stick to its position unless forced to do otherwise. His words, “as far as the Naira is concerned, the CBN has always said that we are committed to its stability. I know there are some people who don’t share that view. But I have not personally heard any economically valid argument as to the benefits of devaluating the Naira up to this point in time. “It will not improve our export nor reduce our imports into the country. It will not improve our fortunes as long as our structural reforms have not been implemented. “My view and the view of the CBN is that if we will have to use some of the our serves to support the currency, we will. No central bank governor will say that he will support the currency at all and every cost but we want to be very clear in our minds and to the public that there is no country in the world that will allow its currency to be just determined by the market. Please give the credit of Nigeria Foreign Reserve depletion at the expense of our Naira stability to your SLS http://www.nigeria-news-world.com/2013/09/i-will-defend-naira-with-reserves-sanusi.html#.VFyHTvmUf-F Link provided by Detolee 8 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by EldaTimba(m): 10:00am On Nov 07, 2014 |
barcanista:And you? You have clues? Answer the question of what GEJ used the depleted reserve for before we know if you have "clues" and be objective in your answers 3 Likes 1 Share |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 10:00am On Nov 07, 2014 |
datolee:Your link didn't STATE houw much was spent to devalue the Naira Neither did it Justify the heavy depletion of the Reserve and Increased debt. See Here Oby Ezeks helped you out https://www.premiumtimesng.com/news/117087-yaradua-jonathan-wasted-n10-72-trillion-saved-by-obasanjo-oby-ezekwesili.html The Government knew that are boxed up, hence they avoided the Public Debate when Oby raised it. SANUSI never justified the depletion, and borrowing. Remember, Oil Price was VERY stable and good al Jona's period. 3 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Demdem(m): 10:01am On Nov 07, 2014 |
Obiagelli: Was this answered? 2 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Demdem(m): 10:01am On Nov 07, 2014 |
datolee: With due respect, u sound foolish here. How is this feasible? Jonathan and everything that has to do with him must go. 4 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 10:01am On Nov 07, 2014 |
barcanista: We have arrived at one conclusion, Obj left $ 3 billion debt after clearing the debt.. judging by the rate he accumulated the new debt, GEJ is prudent in his borrowing So lets go to another question... You keep talking about depletion of external reserve... answer the question.. Depleting the reserve to do what other than defending the naira?. If they used it for any other purpose, please state so we all can shame this "wasteful" government. 6 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Abok1(m): 10:02am On Nov 07, 2014 |
datolee: To answer your question, by your own admission, if these funds were not taken from the external reserves, then how do you justify the depletion of the external funds in such a short period by 50%. You have unknowingly admitted that some of the points you made earlier about higher recurrent expenditures are as a result of recklessness of GEJ, which further buttresses my point on his eligibility for a 2nd term. Lets examine your reasons for the depletion: 1. to defend the Naira Should we now give him a medal for defending the Naira? GEJs presidency is not the only administration to defend the Naira. The question is, why were the previous Presidents able to increase the External reserve, while GEJ depleted it? 2. Bail out private sector Laughable, because at N25 Billion cash injection for 10 banks is still not up to $3billion. So how do you justify this line of argument? 3. Subsidy We all know that GEJ and his cronies syphoned the subsidy funds and performed one of the greatest heist in the world to cover their tracks by removing subsidy and blaming it on the cabal. How do you explain over 200% increase in subsidy payments in just a year, except there are some shady deals somewhere. Figures don't lie. If GEJ led by example, by not asking for ridiculous amount of money for feeding and Jets, the ministers would not have the audacity to misuse public funds. 1.6 million spent by the Nigerian Civil Aviation Authority to purchase the armored BMW cars for Nigeria’s Aviation Minister Stella Oduah would not be spent, neither would the Petroleum Minister hire a private Jet for N10billion. On the laughable claim that GEJ made Nigerian economy the largest in africa, we all know that you can't make an economy the largest with bletcherous policies, because going by the analogy of Nigeria becoming one of the leading economies in Africa, this is an inevitable occurrence which was going to happen no matter the action or inaction of GEJ. China, India and Brazil are doing so well primarily because of their population which allows them to maximise output. 18 Likes 3 Shares |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by EldaTimba(m): 10:02am On Nov 07, 2014 |
Firefire:We have being asking him to give us what GEJ used the reserve for and he has being avoiding the question. FACTS are SACRED 4 Likes |
Re: External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations by Nobody: 10:02am On Nov 07, 2014 |
omenka:No offence tho, what will u av replied? |
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