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Nairaland Forum / Nairaland / General / Business / Fed Govt: We Didn’t Squander External Reserve (16502 Views)
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Fed Govt: We Didn’t Squander External Reserve by nicflame(m): 12:23pm On Jan 08, 2015 |
The Federal Government has denied allegations by former President Olusegun Obasanjo that it squandered the country’s foreign reserve.http://thenationonlineng.net/new/fed-govt-didnt-squander-external-reserve/ 9 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by nicflame(m): 12:24pm On Jan 08, 2015 |
..and the story belongs to the gods With the soaring popularity of The General in the South Western part of the country, i doubt GEJ will make a million vote for himself come FeBuhari. Vote Change.. Vote The People's General 50 Likes 1 Share |
Re: Fed Govt: We Didn’t Squander External Reserve by SaiBuharii: 12:30pm On Jan 08, 2015 |
They have started giving us endless lies to cover up initial lies. A president is working against you, another one is contesting against you. If they can even tell us what they squandered the reserves on. We will not complain. Part of the 20b donated is a percentage of our reserves. We are tayad. We need change. Jonathan has failed us. #GMB2015 #SAIBuhari FEBUHARI Mr. Progressive 63 Likes 2 Shares |
Re: Fed Govt: We Didn’t Squander External Reserve by Genes1s: 12:30pm On Jan 08, 2015 |
we all knw that u didnt squander it, u stole it ..moreover we are not surprised since the Jesus of Otuoke said STEALING IS NOT CORRUPTION! [size=15pt]#SayNoToCluelessness! [/size] [size=15pt]#BuhariForPresident2015! [/size] #Sai [size=25pt]BUHARI[/size] 46 Likes 1 Share
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Re: Fed Govt: We Didn’t Squander External Reserve by thiefnubu(m): 12:32pm On Jan 08, 2015 |
Summary of the story.... They didn't steal the meat from the pot...The meat was taken from the pot and given to Bingo, so that Bingo would chill and not bite the owner.... Whichever way, the meat is all gone... And it disappeared during the fisherman's watch Next thing they will tell us is.... We all have to be sold into slavery in order to realize funds to breast-feed the economy and defend the integrity of our beloved Naira 47 Likes 3 Shares |
Re: Fed Govt: We Didn’t Squander External Reserve by lilbazy(m): 12:32pm On Jan 08, 2015 |
Ok |
Re: Fed Govt: We Didn’t Squander External Reserve by bennyrazz: 12:32pm On Jan 08, 2015 |
who squandered it? APC abi?? well, how much is left? that is what we want to know? is Obasanjo's figure right? the PDP led government should stop beating around the bush. 28 Likes 1 Share |
Re: Fed Govt: We Didn’t Squander External Reserve by horladmejy(m): 12:32pm On Jan 08, 2015 |
Smh...wonder shall never end.... 6 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by SeverusSnape(m): 12:32pm On Jan 08, 2015 |
In as much as I don't believe this(cause I know there is corruption in this government), The OBJ laying the accusation is also not a saint; non of them are. Did he not embezzle public funds himself?... Like I use to say, pot calling kettle black 10 Likes 1 Share |
Re: Fed Govt: We Didn’t Squander External Reserve by laprince(m): 12:33pm On Jan 08, 2015 |
Details quite boring 3 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by niyyie(m): 12:33pm On Jan 08, 2015 |
Is the Central Bank that independent? Whoncontrols the central bank? 1 Like |
Re: Fed Govt: We Didn’t Squander External Reserve by horladmejy(m): 12:34pm On Jan 08, 2015 |
Do we need to minus,subtract and add all the money before we know what u ppl are doing to our money?? What can we do after knowing? Ntin 2 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by PassingShot(m): 12:34pm On Jan 08, 2015 |
Who did then? The fact are there for all to see: 1. Crude oil sold for far more than what it did under OBJ and Yar'Adua 2. We earned more under GEJ than OBJ and Yar'Adua 3. GEJ has achieved little compared to what has been spent or claimed to have been spent 4. Add the fact that GEJ met a healthy reserve, we should be in the region of hundred of billion dollars even with the little achievement. So who is deceiving who? 23 Likes 3 Shares |
Re: Fed Govt: We Didn’t Squander External Reserve by lilbazy(m): 12:34pm On Jan 08, 2015 |
bennyrazz: SaiBuharii:[quote author=SaiBuharii post=29602427][/quotethey are all buhari supporters...paid abok!s booking space to post rubbish] 1 Like |
Re: Fed Govt: We Didn’t Squander External Reserve by Moz22: 12:35pm On Jan 08, 2015 |
1 Like |
Re: Fed Govt: We Didn’t Squander External Reserve by PerfumeRepublik: 12:35pm On Jan 08, 2015 |
Following 1 Like |
Re: Fed Govt: We Didn’t Squander External Reserve by Greatomotoy: 12:35pm On Jan 08, 2015 |
story 4 d gods 1 Like |
Re: Fed Govt: We Didn’t Squander External Reserve by koboko69: 12:35pm On Jan 08, 2015 |
USELESS CLOWNS, BLOODY LIARS. THIS PEOPLE JUST TAKE NIGERIANS FOR FOOLS. FEBUARI IS THE TIME TO PROVE THAT WE ARE NOT FOOLS. AFTER DEPLETING OUR RESERVES, THEY WENT ON BORROWING SPREE, WHILE THE 5 PRESIDENTS RULING THIS COUNTRY SQUANDER ALL AND KEEP TELLING US OUR OUR ECONOMY IS HEALTHY WHILE THE COMMON MAN CAN NOT SEE ANY EVIDENCE. ONLY A FOOL WILL VOTE THIS CANKERWORMS AGAIN 20 Likes 1 Share |
Re: Fed Govt: We Didn’t Squander External Reserve by usernamez: 12:35pm On Jan 08, 2015 |
If they are sure nd know they didn't squander our external or internal or whatever resources it may be, let them first tell us where or how d $20 billion get missing nd who stole it... Bunch of liars... Clueless ones. Corrupt people... I can't blame you sha,yur oga don talk say "STEALING NO BE CORRUPTION" smh! mtchew.... 13 Likes 1 Share |
Re: Fed Govt: We Didn’t Squander External Reserve by quicyvictor(m): 12:35pm On Jan 08, 2015 |
"DOYIN OKUPE is suffering from JONA VIRUS. HE NEEDS JONATHIN" Nairalander Jona virus is a political virus that blur the sight, rightful understanding and rightful observation of politicians and electorates in any given society. Giving them a biased conclusion on political economy, religious and developmental issues. Not minding the nations general interest. EVOLUTION Jona Virus evolved from plasmids-piece of DNA that move between cells of political ruling class over a long reign in government. TRANSMISSION Jona Virus is an INFLUENZA VIRUS. They spread through human-to-human transmission via direct close association with the infected person. Mainly from political and business interaction. SYMPTOMS OF JONA VIRUS DISEASE (JVD) Early symptoms are - Blur rightful understanding - Blur rightful observation - Blur right mind sight Advance stage are - Biased conclusion - Extreme blind support to a given politician - Over looking personal predicaments - Personality attack - Over looking the nations general interest. CONTROL Raising awareness of risk factors for Jona infection and protective measures that individuals can take is an effective way to reduce human transmission. Risk reduction awareness should focus on these factors: - Reducing the risk of politician-to-politician transmission - Reducing the risk of politician-to-electorate transmission - Reducing the risk of electorate-to-electorate transmission TREATMENT JONATHIN is the only proven treatment vaccine available to cure Jona Virus. Jonathin helps to clear biased political conclusion and stop subject from following a ruling class or a politician blindly. Licenced under NEUTRAL PARTY ORGANISATION OF NIGERIA 18 Likes 1 Share |
Re: Fed Govt: We Didn’t Squander External Reserve by ifoundmyperfect: 12:37pm On Jan 08, 2015 |
Super Story... 3 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by sweetkev(m): 12:37pm On Jan 08, 2015 |
Chai! Ngozi, you can lie oooooooooo 4 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by Nobody: 12:37pm On Jan 08, 2015 |
What happened to it? 3 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by lacasa: 12:38pm On Jan 08, 2015 |
Story for the clueless.. #change for frugal spending in govt Buhari all d way 4 Likes 2 Shares |
Re: Fed Govt: We Didn’t Squander External Reserve by Nobody: 12:40pm On Jan 08, 2015 |
The Federal Government has denied allegations by former President Olusegun Obasanjo that it squandered the country’s foreign reserve. Its nice how far we've come. Baba's beef with Jonathan must have to do with the fact that he can't "control" him, as we thought he would. I like how this looks like all ties have been severed with him. As for these allegations, maybe if baba had put in place effective checks during his own time and strengthened government institutions, he would not hve to worry about these things. Too bad his own government was also a failure “The savings in the ECA would now have been higher but for the fact that a number of Governors, against strong professional advice, actively kicked against continuous building up of the ECA and, indeed, pushed for its sharing. It is on record that states even took the Federal Government to court on this matter, and the case is still pending at the Supreme Court.” I wonder why people have forgotten when Jonathans government led by Okonjo was fighting against depleting the reserves. now the rainy days have come and everyone is removing the blame from themselves. Even still, i think it is commendable that even with the economic issues, this government has been able to control inflation reasonably...if Nigerians look at other oil dependent nations they might see what I mean. End of story...this government has been slightly commendable.. people should accept at least the parts that are commendable and choose someone who can do better. Accusations like this are not helpful. 11 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by SeverusSnape(m): 12:40pm On Jan 08, 2015 |
[quote author=lilbazy post=29602568][/quote] Do I look like a Buharist to you, I'm neither a Jonathanian. Check my posts to confirm. |
Re: Fed Govt: We Didn’t Squander External Reserve by callmenow: 12:40pm On Jan 08, 2015 |
bennyrazz: Didn't you read between the lines. They used some of the money to defend Naira recently, the fall of oil, etc. Did you notice the fall in the stock market yesterday? OBJ is no longer in government, and just speculated to come across as a wise man. There is money in the SWF, ETC. The value of reserves goes up and down. There are points when the value of reserve is evaluated, not necessarily on a day to day basis. The true value is a sensitive information as well. 7 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by vicadex07(m): 12:40pm On Jan 08, 2015 |
They didn't squander it now, they only kept it in their own personal accounts for Nigerians until we need them. The same way when we are kids and visitors gives us money and your parents collect it from you with the lie that they are going to save it for you till it becomes plenty. Meanwhile ONE HONEST LEADER. How can a former Head of State who earns 300 million Naira per annum, say he has no N27 Million to buy presidential nomination form? A very pertinent question, I must say. And as someone who believes in knowing the truth before acting, I took my enquiry to the Nigerian ministry of finance and this was the response I got: Yes, it is true, All heads of states collect on the average 23 million Naira every month, apart from General Muhammadu Buhari. He (General Buhari) objected to collecting most of the allowances,insisting they were bogus and therefore amount to corruption. He personally wrote a letter to the ministry to that effect. As a result he collected only N2.3M a month equivalent of 10% of what he is entitled, which he believes is his legitimate earnings!! Imagine how honest this man is!! May God give us the wisdom to accept reality. Please let's vote wisely, we need a leader that can fight corruption. Buhari is that leader. Investigation also has it on authority that he is the only one amongst past presidents who returns his car after a 4 year cycle for a replacement as required. Others get the new and keep the old. Share with Nigerians. This is a campaign material please pass on and share within your circle of influence if you align with operation CHANGE....#VoteCHANGE....otherwise, feel free to delete the message. 28 Likes 10 Shares |
Re: Fed Govt: We Didn’t Squander External Reserve by ddeola: 12:41pm On Jan 08, 2015 |
Story story o ! 1 Like |
Re: Fed Govt: We Didn’t Squander External Reserve by signz: 12:41pm On Jan 08, 2015 |
This is what democracy should be like. If you do not agree with what the Finance ministry have just said, kindly state the reason with facts. Let there be less insults but more facts 8 Likes |
Re: Fed Govt: We Didn’t Squander External Reserve by Everest4: 12:41pm On Jan 08, 2015 |
Watchout for part 3, one and two has gone. 1 Like |
Re: Fed Govt: We Didn’t Squander External Reserve by Nobody: 12:41pm On Jan 08, 2015 |
Confession time. Now what have you done with the foreign reserve. With date, time and location... 2 Likes 1 Share |
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