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Nairaland Forum / Nairaland / General / Politics / President Jonathan Missed The Point On The Missing N30 Trillion - Soludo (3249 Views)
Buhari Plots Osinbajo’s Replacement With Kalu - The Point Newspaper Says / Pres Jonathan Missed d Point on d Missing N30 Trillion, By Charles Soludo / Jonathan Replies Soludo Over “missing N30 Trillion” Claim (2) (3) (4)
President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by TheOtherview: 6:45pm On Feb 24, 2015 |
President Jonathan Missed The Point On The Missing N30 Trillion By Chukwuma Charles Soludo 3 Likes 1 Share |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by TheOtherview: 6:45pm On Feb 24, 2015 |
A serious concern is that while government relies on external validation (opinion) as ‘proof’ of its performance, it is selective in the process—accepting the positive ones and disparaging the negative ones. Our recent exchanges illustrate the point. In my first article (26th January): “Buhari Vs Jonathan: Beyond the Elections”, I argued that “the economy seems to be on auto pilot, with confusion as to who is in charge, and government largely as a constraint. There are no big ideas, and it is difficult to see where economic policy is headed to. My thesis is that the Nigerian economy, if properly managed, should have been growing at an annual rate of about 12% given the oil boom, and poverty and unemployment should have fallen dramatically over the last five years”. No one has credibly challenged the above, except what the Financial Times of London described as a “furious response by the Minister”. But, the influential Economist Magazine of London and New York Times agreed with us. According to the Economist editorial (7th February, 2015): Source 4 Likes 1 Share |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Redoil: 6:49pm On Feb 24, 2015 |
30trillion will be missing from the national tresurey and the entire country wont stand still. If a professor can toe the line of such reasoning then we give up. And the most vile of the PDP left en mass to form APC and started chanting and shouting change. I hope soludo will soon follow his kinsman mbadinuju to APC "the congregation of falshood and fraudster" 9 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Funpeter: 6:52pm On Feb 24, 2015 |
We all know that this government is a corruption itself, so there no need to cry foul. For the past 6 yrs let pdp tell us or name one person they have found guilty of being corrupt or are they saying we are all saints? If they can do, then am gonna vote GEJ hundred times. 9 Likes 1 Share |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Funpeter: 6:52pm On Feb 24, 2015 |
We all know that this government is corruption itself, so there's no need to cry foul. For the past 6 yrs let pdp tell us or name one person they have found guilty of being corrupt or are they saying we are all saints? If they can do, then am gonna vote GEJ hundred times. |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Nobody: 6:52pm On Feb 24, 2015 |
. 1 Like |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Niwdog(m): 6:54pm On Feb 24, 2015 |
Prof soludo fighting very hard for the office of the finance minister But don't worry When gej is re-elected he will make you(soludo)his minister of ecönomics |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by davitogreat(m): 6:55pm On Feb 24, 2015 |
Now i am certain soludo is an i.d.i.o.t. Nigeria might have a 100 trillion naira economy but the government does not even have access to 10% of it due to our inability to create a solid tax base. There is no way the Nigerian government can mismanage what they cant even get their hands on in the first place. 90% of the funds our government has access too comes from NNPC. It is why Nigeria is considered a mono economy and why people have been calling for government to diversify her sources of income. 7 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by PointB: 7:10pm On Feb 24, 2015 |
But neither the World Bank nor CNN conducts comprehensive independent surveys on the economy--- they comment based on the data they are given--- and their subjective “opinions” cannot substitute for hard facts. The World Bank is not a statistical agency. So if the world bank with their extensive reach and resources cannot conduct comprehensive survey I should trust that Soludo could? Na wa oo. Personally I have problem with some of these figures bandied around. How did Soludo arrive at 30 trillion estimate for the various 'leakages' he 'believes' exist. Or does he think he can just identify a leakage and promptly assign a figure to it and then run to the press with it? This kind of shooting from the hip is symptomatic of intellectual laziness. If Soludo knows for fact that N30 trillion is missing from the economy, he should show it with empirical evidence, not by his 'believe' system. Solodu's pedestrian approach is similar to Sanusi $50 billion dollar allegation which continued to shrink each time it's put to test. What is wrong with Soludo? Is this how to look for that next political appointment? 9 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by TI1919(m): 7:15pm On Feb 24, 2015 |
Thanks for the info, do more next time. GEJ till 2019 4 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Wallie(m): 7:15pm On Feb 24, 2015 |
Shey na by force to comment? If you're going to comment the least you could do is read the damn article! |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Amya(f): 7:19pm On Feb 24, 2015 |
Mr Soludo, can you lose what you do not have? Is this not a clear case of counting your chickens before they're hatched? 2 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by oduastates: 7:20pm On Feb 24, 2015 |
Has he ever got any point right? That man had thr mental age of a 15 year old |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Amya(f): 7:27pm On Feb 24, 2015 |
I'm not an economist but I think that soludo is talking from both side of the mouth. When facts were presented that Nigeria can't simply lose what they never had, he started talking about mismanagement and theft. We can only calculate loss through income, not would be income or should have been income. someone desperately grasping at straws. 5 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Amya(f): 7:29pm On Feb 24, 2015 |
Amya: Mr Soludo, can you lose what you do not have? Is this not a clear case of counting your chickens before they're hatched? |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by agabusta: 7:35pm On Feb 24, 2015 |
Soludo is here again with flying kicks ![]() |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by deen4real7902: 7:36pm On Feb 24, 2015 |
Block corruption and everything will surely be okay in Nigeria, the cluesless one surely can't do that only GMB can SAI BUHARI |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by jayonpoint(m): 7:38pm On Feb 24, 2015 |
Redoil:Did u read frm d covers through which those monies were stolen or lost? 400,000 barrel of oil bn stolen everyday do u hv an idea hw much that runs into every month for a year n check it against 6yrs Jonathan govt? D rot in NNPC is so alarming. since civilian govt frm 1999 wen within ds period has dollar dis strong against d naira @N225 to $1? In fact pound was btw 180-200 to £1...chairman better shut ur trap already. 5 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by mumumugu(m): 7:42pm On Feb 24, 2015 |
Soludo will never be a minister whether under buhari or jonathan 3 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by bakila: 7:44pm On Feb 24, 2015 |
Soludo you are on point but they will not agree. 3 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by alaoeri: 7:47pm On Feb 24, 2015 |
TANoids will soon descend on Soludo's personality & call him APC agent but what they failed to realised is that Soludo has been in the system before & know more than them. Don't expect Jona to say anything or act meaningfully regarding the missing money since mere stealing is not corruption. 1 Like
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Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by lorddeni: 7:53pm On Feb 24, 2015 |
davitogreat: Fellows like you make one wonder if we even live in the same country So 'oil theft, money that ought to accrue to stock of foreign reserves, unbudgeted oil subsidy payments, customs duty waivers, leakages through the self-financing government parastatals, unremitted sums by NNPC, etc ...and other black pots' are out of the control of government abi? Even if they are using you for this nonsense, at least use yourself for something that makes sense biko 8 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by ogmask: 7:54pm On Feb 24, 2015 |
Nice, educative. But my worry is some gramarians befor me still do not get it. In your 3 articles you have constantly said you all the evidence to back up your claim. You even called for a debate at some point. Truth is, they will never agree with you on this. Advice to the prof. Do not back down even if they come after you. Be sure they will. Others befor you chickened out and soon after they lick the dust. Andrew Owoye Azazi comes to mind. |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by VolvoS60(m): 7:57pm On Feb 24, 2015 |
Amya: ^^^ Interesting viewpoint. Perhaps you could let me know which facts were presented that Nigeria can't lose what she never had. I want to be sure. |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by TRUTHTOPOWER: 8:19pm On Feb 24, 2015 |
Redoil: not from the 'tresurey' nay treasury. Soludo said the money did not make it to the treasury. How? waivers, lack of remittance or stolen as crude oil! The best answer to Soludo must show that:- 1. there are no waivers. 2. all agencies remitted every dime. 3. crude oil was no stolen. no need of evidence just be on record as denying or rebutting the facts Tangentially and SPECIFICALLY. Calling Soludo names, EVEN IF THEY ARE HIS BAPTISMAL NAMES DOES NOT ANSWER HIS CLAIM. The average Nigeria knows little or nothing except that "SOMETHING" must be responsible for widespread poverty. In the spirit of brotherhood and turn by turn politics. we can also choose to just look elsewhere. shouldn't we? 4 Likes 1 Share |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by kmariko: 8:55pm On Feb 24, 2015 |
A professor of contradiction.... On one hand Soludo sees the rebasing of the economy as a mere " statistical exercise " and here he is using the "mere" statistics to buttress the claim of the "missing 30 trillion". Again he complains that we rely more on world bank figures to provide legitimacy yet he is quoting the Financial times and the Economists. I think Soludos forte should be theoritical economics and not in actually running one. Until Soludo undertakes a comprehensive research of the Nigerian economy as NOI did to get to the " mere rebased GDP " no one will take him serious 6 Likes |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Nobody: 9:06pm On Feb 24, 2015 |
I guess soludo is enjoying the fame now. He better do while it last. 1 Like |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by donfineboi: 9:30pm On Feb 24, 2015 |
davitogreat: Its either u r an erratic ignoramus or u simply cant read to understand. How much does Nigeria make from sales of of crude daily? How much from import duties, immigrations, VIO(drivers licence) n other parastals? How much from taxes? Etc..... Sum them up n add them it far exceeds the budget allocations..... Now ask urself where did all the summed money go to? How come our foreign reserves are depleted? Did the monies go there? Or may be they put it in the central bank? But the former CBN governor claimed money was missing.... Or maybe it developed wings n flew away I guess u will understand better now..... I had to.break it down for u. Good luck in grasping 6 Likes 1 Share |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by sammyj: 9:59pm On Feb 24, 2015 |
![]() ![]() ![]() ![]() Don't worry GMB will end the stealing is not corruption clueless talk !! SAI Buhari !!! |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Deltagiant: 10:03pm On Feb 24, 2015 |
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Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by sammyj: 10:04pm On Feb 24, 2015 |
![]() ![]() ![]() ![]() donfineboi: |
Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by atlwireles: 10:08pm On Feb 24, 2015 |
Soludo time to shut up ![]() ![]() |
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