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Nairaland Forum / Nairaland / General / Politics / Jonathan Squandered Nigeria's Oil Savings. Obasanjo (1491 Views)
Amaechi: Govs Asked Jonathan To Share Oil Savings Because He Was Mismanaging It / 'Those Who Squandered Jonathan’s 'N2 Trillion' Campaign Largesse' - Encomium / Obasanjo Attacks Jonathan Again, Accuses President Of Squandering Oil Savings (2) (3) (4)
Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Nobody: 6:38pm On Jan 05, 2015 |
Former President Olusegun Obasanjo has again launched a public attack on President Goodluck Jonathan, accusing him of squandering $25billion crude oil savings left behind by his administration. Mr. Obasanjo made the allegation while hosting the South-West women leaders at his residence in Abeokuta Monday. He said his administration left over $25 billion to his successor, Musa Yar’adua, who raised the sum to $35 billion. Mr. Obasanjo said he also left $40billion in Nigeria’s foreign reserve account after paying the outstanding debt at the time. He said former President Yar’adua also raised the reserves to $60billion. Under President Jonathan, the reserves has plummeted to $40billion, Mr. Obasanjo said. The new claims followed a series of public denunciation of Mr. Jonathan’s government by the former president. In 2014, Mr. Obasanjo repeatedly lambasted the current government, accusing the president of promoting and tolerating corruption, and failing to provide security for Nigerians. Mr. Obasanjo also released a book mid- December scolding the president as a self- centred politician who thinks less of the country and fraternises with corrupt and questionable characters. In his comments on Monday, Mr. Obasanjo said he was not fighting the president, nor was Mr. Jonathan fighting him. He said he was more concerned about the interest of the country, and therefore cared less about criticisms. “Our economy should not have been this bad. When I was leaving office about eight years ago, I left a very huge reserve after we had paid all our debts. Almost $25billion we kept in what they called excess crude. The excess from the budget we were saving as reserve for the rainy days. When we left in May 2007, the reserve was said to have been raised to $35billion,” he said. “But today, that reserve has been depleted! Today, that reserve has been depleted. The reserve we left when we finished paying all our debts, our debts that was about 40billion dollars, that is including debt forgiveness, the remaining debt was not more than $3billion. Our reserve after we had paid off this debt was about $45billion. As I said, they continued till the end of 2007, I heard that the reserve increased to almost $67billion before the end of the year. Our reserve now, learnt is left with around only $30billion. “That is why the Naira has been falling against the dollar. What would now happen, I learnt if you want to buy a dollar now, it’s about N192 or N195. What it means is this, what you have been buying at N150 to a dollar, now you need N192 or N195 to buy it. That is the real situation. Is there any remedy? There is, but it does not come overnight because it means we have to give up all the bad things we have been doing,” Mr. Obasanjo said. “I know that God did not create Nigeria not to be rich or great. Is it that the people he created in Nigeria are not knowledgeable enough or not intelligent enough? Or is that they don’t know their rights? Our problems in Nigeria, let’s look at the foundation of our leadership. In the profession I know very well, the military, what we normally say is that there are no bad soldiers but bad officers. If you see a situation where the soldiers are not doing well, we need to examine the officers in charge. So it is in the family, the community, the town and the country,” he said. He denied being against President Jonathan. “I have no grudges against Jonathan and I think Jonathan equally has no grudges against me. I’m not quarrelling with Jonathan but all I know is that whatever is good for Nigeria, that I’m ready to die for,” he said. “I emphasize that whatever is good for Nigeria, is what I’m ready to defend with my life. Whoever, I emphasize, whoever says he would not do anything good to Nigeria, even if he says he’s ready to go ‘konko below’, I’m ready to square it up with such a person. I say again, whoever that person may be, I want you to get that correctly. If this country is going to change for the better, it would start from the top and if it’s going to be otherwise, it would start from the top, too,” the former president stressed. On the forthcoming election, Mr. Obasanjo said he’s not apprehensive as being speculated, just as he advised the electorates to vote for candidates with integrity and good records. “I have no apprehension over this coming elections. I have no fears over the forthcoming elections. I have had some little experience about this country. I was a military head of state and I was also a civilian president, so what is left?’ “So, if I talk, I know what I’m saying. Whoever wants, should listen to me and whoever feels otherwise, may turn a deaf ear. But when I’m talking, I’m talking with my understanding and intellect. I’m drawing from my experience and from what I’ve learnt with others and from other countries and fellow eminent citizens of the world that I relate with. But leave all of that. “Good governance comes from voting, from selection of leaders. It is now left to you to decide who you cast your vote for because if you throw away your votes and tomorrow you are saying good governance, once you throw away your votes you have lost out. That is one. Find out the track records of achievements of those you want to vote for. What have they achieved in the past and not what they have said’. “Truly, the price of crude has fallen, but anyone who is wise enough should know that since we depend on just one resources, and since we have no control over its pricing, we should be planning for this type of situation and the way out of it. Our inability to have reserve has brought us into this economic quagmire,” he said. Earlier in her speech, the Iyalode of Yorubaland, who led the women, noted that President Obasanjo has become a good repository of everything that makes for nationhood. “You are the hand and eye in all the nooks and crannies of Nigeria. You are the voice everybody is waiting to hear his response on any topical issue in the public domain. We believe we are in the right place to discuss with you some knotty issues bleeding our hearts as we have seen you as a beacon of hope and lights for the nation”, Ms. Lawson told Obasanjo. On state of the nation, the women said they were concerned about current happenings in the country, going by the current atmosphere of fear and uncertainty. She said the nation is plagued by insecurity, economic downturn, poverty, corruption, among other challenges. “The unabated nefarious activities of the insurgents which have placed us as a people on the throes of war is worrisome to us, because womenfolk is the most affected. Countless Nigerian women have lost their lives, husbands, children, relatives and sources of livelihood as a result of the despicable acts of killing and wanton destruction by the Boko Haram insurgents,” she said. www.premiumtimesng.com/news/headlines/174294-obasanjo-attacks-jonathan-accuses-president-squandering-oil-savings.html?utm_source=&utm_medium=twitter 1 Like |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Nobody: 6:39pm On Jan 05, 2015 |
On your marks...Get set....Go back to otueke!!!!!! 8 Likes |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by temitemi1(m): 6:43pm On Jan 05, 2015 |
Enough of baba iyabo madness jooooor... GEJ till 2019!!! |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by jaymichael(m): 6:46pm On Jan 05, 2015 |
African China sang "lead us well, no let this nation fall inside well" but it seems NAIJA has fallen inside RIVER NIGER. 1 Like |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by micolaj: 7:02pm On Jan 05, 2015 |
OBJ's word carries lighter weight compare to the atomic bomb of accusation unleashed by Rev. Mbaka which has been causing indescribable unrest and collosal confusion in GEJ's camp. GEJ cannot escape DEFEAT come 2015. HIS FRIENDS ARE REJECTING HIM. 4 Likes |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by priscaoge(f): 7:18pm On Jan 05, 2015 |
Many are mad but few are roaming! Cry me a river.....I have my PVC and ready to vote for GEJ! Your cheap lies won't change the fact that GEJ has really done well for this great nation and is coming back to complete his tenure! There is no space in Aso Rock till 2019,gaa gwazie ndi yard unu GEJ till 2019!!!!!!!!!!!!!!!!!!!! 2 Likes 1 Share |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Sloan: 7:29pm On Jan 05, 2015 |
priscaoge: PDP priscaoge trying to earn his pittance using the usual lies and personality attack on the messenger, not the message! Yaradua - badluck Naira - badluck Economy - badluck Refinery - badluck Price of petrol - badluck Subsidy - very bad luck from 300 B to over 2 Tr ECA - badluck Corruption - very very badluck More than 20,000 killed in NE alone under retardafteen - badluck 300 girls kidnapped - bad luck More churches bombed than ever - badluck Pension Scam, billions stolen - badluck $20 B missing and stolen - badluck PWC Audit report not released - badluck From $3.5 B debt to > $60 B debt under 6 years - badluck Privatization of power with billions - still not light - badluck Refinery not working - badluck Palliatives - badluck 21 dead in Immigration exercise - badluck Religious and tribalistic division of Nigerians - badluck From surplus to deficit - badluck Capital expenditure - badluck Okonjo Iweala - badluck to Nigeria's economy Now show me how this facts are not true rather than attacking the messenger. Only ibos reason like you anyway, no surprises! 8 Likes |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Nobody: 7:34pm On Jan 05, 2015 |
If Obasanjo was the sitting president and Jonathan playing the busy body role of obj, im sure jonathan would had been insulted, embarrassed or even arrested by now! |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Nobody: 7:56pm On Jan 05, 2015 |
Chief Olusegun Obasanjo (PhD in view) has spoken well again. Chief has stated that "anyone who wants to vote should do so by voting someone with integrity and good records". A word is enough for the wise. Sai Buhari...the coast is even getting more clearer by hour as we approach February 14. I suggest you begin to form an excellent cabinet made up of good integrity and good records. Sai Buhari/Oshibajo 2 Likes |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by dre11(m): 7:56pm On Jan 05, 2015 |
To the extent of him borrowing now He has plunge the resources of this country We need a change to stop this madness 3 Likes |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Abagworo(m): 8:04pm On Jan 05, 2015 |
micolaj: He looks set to lose Rivers State. Only a miracle can make him defeat Buhari here. Most people planning to vote Wike keep swearing that in Presidential it must be Buhari. 1 Like |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Nobody: 8:06pm On Jan 05, 2015 |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by benkings(m): 8:08pm On Jan 05, 2015 |
priscaoge:so can I comfortably say may God control ur life just as GEJ is controlling dis country 4 Likes |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by omenka(m): 8:13pm On Jan 05, 2015 |
The image of Obj sitting right next to Jonathan at the Eagle Square in 2011 while the likes of Ahmadu Ali came over to squat and exchange greetings during the PDP primary keep flashing in my mind. Makes me keep wondering: Baba, what were you thinking??!! I mean, it was as clear as a rising sun over the horizon of the ocean that Jonathan wasn't up to the task!! Now look at the kind of mess the man has landed us!! Just so depressing. 1 Like |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Pataki: 8:19pm On Jan 05, 2015 |
Let them finish themselves. Mad people (Obasanjo and Goodluck). Their real fight will happen in kirikiri. 4 Likes
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Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by theV0ice: 8:28pm On Jan 05, 2015 |
Pataki: Haba bros, you bad gan o 1 Like |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by falconey(m): 8:35pm On Jan 05, 2015 |
We know.....we must vote the bastard out!!! 1 Like |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by aresa: 9:19pm On Jan 05, 2015 |
“I have no grudges against Jonathan and I think Gloves don comot for hand... This is the last straw. I hope the otuoke dullard is reading this declaration of war..... Seriously, I don't blame OBJ, Nigerians are tired and sick of this worthless, corrupt and incompetent government. 1 Like |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Nobody: 9:22pm On Jan 05, 2015 |
See thief claiming saint Baba where is our $16b 1 Like |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by aresa: 9:35pm On Jan 05, 2015 |
“So, if I talk, I know what I’m saying. Whoever Even the world don taya... |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by matthew41(m): 9:38pm On Jan 05, 2015 |
Baba has said it all, get your PVC and vote wisely. |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by doctokwus: 9:49pm On Jan 05, 2015 |
When u think you know too much and assume d air of arrogance,while u actually don't know as much as u assume,u find yourself in OBJ's shoes. This is a man who felt he cud control nigeria's destiny instead of allowing d electorate to decide;he imposed a sick yar'Adua and an annoying dullard like gej as d vp and ensured INEC rigged d elections using another doomed personality in d make of Maurice Iwu.Now see where this has got us and he has d effrontery to b lamenting when he should go down on his knees pleading for forgiveness from nigerians for d 6yrs nightmare he has put us thru. The only way for obj to make amends b4 he is called by his maker,as we would all will,is to ensure GEJ returns to Otuoke after May 29 and never set his sight,footsteps or brain near any thing resembling governance again,even council chairman,except in his native Otuoke. How obj wud achieve that is also left for him and his god to decide upon. 2 Likes |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by dasrackhor(m): 9:49pm On Jan 05, 2015 |
temitemi1:Habalicious.....Make GEJ go rest for otueke jhor..He has tried enough.... |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Collynzo9: 10:12pm On Jan 05, 2015 |
Obasanjo go and take several seats. The Benin - Ore road you made to look like an impossible task was reconstructed not by magic but with money. The east west road you kept using for campaign was reconstructed not through spiritual powers but with money. The raliways and trains you kept paying lip service to for 8 good years were revived not with prayers but with money. The power projects you left at 5% completion after 8 years were completed and new ones were built not by wishes but with money. Civil servants were paid minimum wage and NYSC members allowance was more than doubled, they aren't paid in kind but are paid money. New weapons are being bought everday for the military you and previous governments refused to equip, these weapons aren't bought through trade by barter but with money. The airports you left dilapidated all over the country were remodelled not by words but with money. State governments allocations were increased, the increment wasn't by mere numbers but MONEY. Obasanjo what exactly did you do with money in your tenure? Absolutely nothing! You should have left 100 trillion dollars in the account because you did absolutely nothing with money. |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by babadee1(m): 11:01pm On Jan 05, 2015 |
doctokwus: Thank you my brother. You have spoken well. God bless you for telling the truth. |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Nobody: 11:03pm On Jan 05, 2015 |
if only it was only $16Bn sef WhiteTechnology: |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by priscaoge(f): 11:29pm On Jan 05, 2015 |
Sloan: Oga stop spamming every thread with ur copied poo |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by doctokwus: 11:30pm On Jan 05, 2015 |
babadee1:Thank u for d blessing.But its annoying na.Everytime I see d pics of GEJ or watch him,I only feel anger boiling in me and always ask myself to d point of tears:what unpardonable and heinous offence did Nigeria commit to have someone like GEJ rule us for 6yrs.It must b something even our little gods cud not get pardon from d almighty God himself despite all their sacrifices. For Obj to now come and start lamenting to us when he is d willing messenger used by d devil himself to foister gej on us is too insulting to be left unresponded to. |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by babadee1(m): 12:03am On Jan 06, 2015 |
doctokwus: Honestly, truth be told Obj is indirectly responsible for many of Nigeria's problems today. He had a great opportunity to rule as a national statesman but he was a partisan ruler till the very end favouring his party PDP over the country. When he was leaving Aso Rock he put his person Yar Adua there and looked for the weakest, dullest, most compliant and most obedient politician to be the vice, that's how we got GEJ. Unfortunately for him Yar Adua died in office and GEJ decided to serve other masters. |
Re: Jonathan Squandered Nigeria's Oil Savings. Obasanjo by Nobody: 12:27am On Jan 06, 2015 |
WhiteTechnology: Na today day break for you Jonathanians?....when we ask him to fight corruption,he acted deaf and dumb by saying Ordinary stealing people will call it corruption 2 Likes |
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