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Nairaland Forum / Nairaland / General / Politics / Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts (35607 Views)
MDAs Incurred N241.95bn On Trips, Welfare, FG Blasts Them / Okonjo-iweala: Jonathan Approved $322m Abacha Loot For Dasuki / Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts (2) (3) (4)
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Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Isoni(m): 7:04am On May 24, 2015 |
Coordinating Minister for the Economy (CME) and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Saturday put the nation’s total debt stock at $63.7 billion, which encompasses multilateral as well as domestic loans by successive federal and state governments since 1960. She said that of this figure, $21.8 billion was incurred under the outgoing government of President Goodluck Jonathan. Her disclosure is coming on the heels of remarks by Vice President-elect Yemi Osinbajo that the outgoing administration of President Jonathan will be leaving a huge debt of $60 billion for the incoming administration of Muhammadu Buhari. Speaking during an interactive session with finance correspondents in Abuja on Saturday, she said it was wrong to blame the Jonathan administration for the huge debt stock which she said was accumulated over a long period of time by several administrations. Giving insight into the $21.8 billion debts incurred under the Jonathan government the minister said the debts were made up of $18 billion domestic component and $3.7 billion external component. According to her between 2007 and 2011, a debt of $17.3 billion was recorded while between 2012 and 2015, the debt incurred stood at $18.1 billion. She explained that the leap in the debt profile between 2012 and 2015 was triggered off by the 53 per cent wage increase implemented by the late Umaru Yar’Adua administration in a fell swoop. This, she said, skyrocketed government’s borrowing from N524 billion to over N1 trillion in order to meet the salary increase, adding that the country’s domestic debt increased by $18.1 billion mainly because of the 53 per cent increase in the pay of civil and public servants. The minister stated that at the time of the salary increase, she was still with the World Bank, adding that she had written and warned on the consequences of acquiescing to such a huge increase. Absolving the Jonathan administration of blame, the minister said the government had in deed taken a careful and meticulous approach to managing the nation’s debt, noting that the present administration, for the first time in the nation’s history, retired a domestic debt of N75 billion in 2013. Commenting on the $63.7 billion debt stock, the minister said $9.7 billion or 15 per cent is external while $54 billion or 85 per cent represents domestic debt. She added that the states’ share of the $9.7 billion external debt is 33 per cent while the states’ share of the $54 billion is 20 per cent. Okonjo-Iweala pointed out that Nigeria still has one of the lowest fiscal deficits in the world with debt to GDP ratio of about 1.5 per cent of the budget, adding that the government has used the right tools to manage the economy and has only borrowed at very low concessionary rates to fund important infrastructure initiatives in agriculture, aviation, power, roads, health, and water resources, among others. The minister added that where the country should watch carefully is the debt service to revenue, which is at 22 per cent. She argued that it was wrong to “to characterise the Jonathan administration as leaving $63 billion debt since the country’s debt stock was accumulated over a long time by several administrations. Commenting on the lingering fuel scarcity, the minister said most of the marketers were blackmailing the government and by extension, Nigerians. According to her, Nigerians should rise up and ask questions why the marketers reneged on their promise a fortnight ago after they openly told the entire country that they had sorted out their differences with the government and that they were going to end the scarcity. She said soon after that open declaration, the marketers went back and shut down their supply chains, noting that they had requested her to sign that government was going to pay them N159 billion as foreign exchange differentials out of the N200 billion claims they were making. The Finance Minister stated that the marketers, who had earlier agreed with the setting up of an ad hoc committee made up of their representatives, those of Petroleum Product Pricing Regulatory Agency (PPPRA), Debt Management Office (DMO), and Central Bank of Nigeria (CBN) to verify their claims suddenly backed out. According to her, she could not sign off monies that she would find difficult to explain to Nigerians later, urging the populace to rise up and challenge the marketers. While applauding some marketers that have demonstrated patriotic disposition to this current crisis, the minister noted that many marketers had resorted to black market operations and had kept on fleecing Nigerians and smiling to the bank. The minister, who said she had no regrets serving Nigeria, noted that it was a privilege serving one’s fatherland . According to her, in spite of personal attacks on her from some quarters, she has no regrets as her service to the country has been guided by utmost patriotism and altruism. She noted that the records of service were there for all to see, adding that a 50 per cent fall in oil revenue did not amount to mismanagement of the economy as this was not caused by the government. The Jonathan administration, she said, was leaving “positive economic legacies behind which nobody can wish away because history cannot be rewritten”. Such legacies, she said, include 1.4 million jobs created yearly out of 1.8 million jobs required as confirmed by the National Bureau of Statistics; the Development Bank of Nigeria which she added, will make affordable loans of up to 10 years available to Nigerian businesses. The list, according to her include the Nigerian Mortgage Refinance Company which is spearheading a range of reforms which will vastly increase the number of mortgages in the country and 3600 Nigerians that were given multi million naira grants to finance their business and the 22000 direct jobs created and over 80,000 indirect jobs thru YOUWIN, among others. Meanwhile, a former Minister of Defence, General Theophilous Danjuma has tasked the President-elect General Muhammadu Buhari to probe President Goodluck Jonathan and his administration's alleged gross mismanagement of resources which he said has left the nation indebted to the tune of over $60 billion. Danjuma, who spoke in Takum, Taraba State during the official commissioning of two set of bridges he constructed along Takum-Katsina highway yesterday, said it has become imperative for the incoming administration to probe the outgoing administration if the menace of corruption would be curbed in the country. Danjuma said, "It is disheartening to know that the incoming government of Buhari will have to contend with a debt of over $60 billion and there is nothing to show for this huge debt. Well, we would know what happened to these monies because I believe that the Buhari administration has to, and should, in national interest, investigate the administration so that we would know what happened". Giving reasons why he chose to not to participate in politics, Danjuma stated that he chose to steer clear of politics because for him, "all the political parties are the same, very bad and so I rather steer clear of it. I support anyone who comes to me for money based on what I make of their person irrespective of political affiliations." Meanwhile, ahead of Friday’s transition to a new government, economic analysts have stated that one of the major issues President-elect Buhari and his team will grapple with is the mixed corporate earnings performance of quoted companies and the conflicting macroeconomic signals which leave investors at sea regarding market direction and appropriate investment decisions. After the breath-taking rally in the Nigerian financial market post-2015 Presidential polls, markets recently bucked the trend, defying analysts' expectation of a strong rebound post elections. Data collated by the financial and investment advisory firm, Afrinvest, at the weekend showed that the NSE All Share index, from a YTD high of 3.1 per cent (35,728.12) post presidential election closed the week on a YTD return of -0.8 per cet (34,388.12). The Afrinvest’s report noted that trading activities in the fixed income space has followed a similar pattern, bucking a strong rally post-elections - following renewed foreign investor appetite - to a sideways trading pattern over the past weeks. It said the development in the markets reflects the mixed corporate earnings performance of quoted companies and the conflicting macroeconomic signals which leave investors at sea regarding market direction and appropriate investment decisions. Headwind factors of rising consumer prices, fiscal austerity and consequent weaker consumer spending powers, as well as uncertain fiscal direction of political transition have veiled the improving dynamics in the polity and commodity prices. In its weekly report, a copy of which was made available to our correspondent at the weekend, Afrinvest reports that the global monetary landscape remains broadly accommodating while the domestic monetary landscape has also recorded some gains with the naira remaining stable while external reserves haemorrhage is being gradually contained.” Analysts from the company expressed the confidence that economy would bounce back once the incoming administration makes the direction of its economic policy known as Nigerian and foreign investors are currently adopting a wait-and-see attitude. The report said, “We imagine that the modulation the markets await is a successful transition to a new government come May 29th and more importantly, a stable fiscal environment which is consequent on the policy pronouncements of the incoming government. Whilst the risk factors (headwinds) are evident, recent positive signals (tailwinds) as noted above posit a short to medium term attractive valuations for securities.” www.thisdaylive.com/articles/okonjo-iweala-jonathan-incurred-21bn-of-63bn-national-debts/210139/?utm_medium=twitter 10 Likes 1 Share |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by madamoringo(f): 7:07am On May 24, 2015 |
Lol 2 Likes |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by politricks: 7:09am On May 24, 2015 |
madamoringo:Whats funny? Are you sure you are in the right thread? 91 Likes |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Sweetguy25: 7:13am On May 24, 2015 |
APC wants to run a government built and sustained by lies and forgery. They won't last. 54 Likes 8 Shares |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by IsraeliAIRFORCE: 7:19am On May 24, 2015 |
Point of correction, the $21b internal and external debts were derivatives of Yar'dua and Jonathan governments policies from 2007 to 2015 Coordinating Minister for the Economy (CME) and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Saturday put the nation’s total debt stock at $63.7 billion, which encompasses multilateral as well as domestic loans by successive federal and state governments since 1960. ![]() Dr. Ngozi Okonjo-Iweala *** Says wage increase caused huge debt profile **** Danjuma wants Buhari to probe Jonathan's regime She said that of this figure, $21.8 billion was incurred under the outgoing government of President Goodluck Jonathan. Her disclosure is coming on the heels of remarks by Vice President-elect Yemi Osinbajo that the outgoing administration of President Jonathan will be leaving a huge debt of $60 billion for the incoming administration of Muhammadu Buhari. Speaking during an interactive session with finance correspondents in Abuja on Saturday, she said it was wrong to blame the Jonathan administration for the huge debt stock which she said was accumulated over a long period of time by several administrations. [b]Giving insight into the $21.8 billion debts incurred under the Jonathan government the minister said the debts were made up of $18 billion domestic component and $3.7 billion external component. According to her between 2007 and 2011, a debt of $17.3 billion was recorded while between 2012 and 2015, the debt incurred stood at $18.1 billion. She explained that the leap in the debt profile between 2012 and 2015 was triggered off by the 53 per cent wage increase implemented by the late Umaru Yar’Adua administration in a fell swoop. This, she said, skyrocketed government’s borrowing from N524 billion to over N1 trillion in order to meet the salary increase, adding that the country’s domestic debt increased by $18.1 billion mainly because of the 53 per cent increase in the pay of civil and public servants. The minister stated that at the time of the salary increase, she was still with the World Bank, adding that she had written and warned on the consequences of acquiescing to such a huge increase.[/b] Absolving the Jonathan administration of blame, the minister said the government had in deed taken a careful and meticulous approach to managing the nation’s debt, noting that the present administration, for the first time in the nation’s history, retired a domestic debt of N75 billion in 2013. Commenting on the $63.7 billion debt stock, the minister said $9.7 billion or 15 per cent is external while $54 billion or 85 per cent represents domestic debt. She added that the states’ share of the $9.7 billion external debt is 33 per cent while the states’ share of the $54 billion is 20 per cent. Okonjo-Iweala pointed out that Nigeria still has one of the lowest fiscal deficits in the world with debt to GDP ratio of about 1.5 per cent of the budget, adding that the government has used the right tools to manage the economy and has only borrowed at very low concessionary rates to fund important infrastructure initiatives in agriculture, aviation, power, roads, health, and water resources, among others. The minister added that where the country should watch carefully is the debt service to revenue, which is at 22 per cent. She argued that it was wrong to “to characterise the Jonathan administration as leaving $63 billion debt since the country’s debt stock was accumulated over a long time by several administrations. Commenting on the lingering fuel scarcity, the minister said most of the marketers were blackmailing the government and by extension, Nigerians. According to her, Nigerians should rise up and ask questions why the marketers reneged on their promise a fortnight ago after they openly told the entire country that they had sorted out their differences with the government and that they were going to end the scarcity. She said soon after that open declaration, the marketers went back and shut down their supply chains, noting that they had requested her to sign that government was going to pay them N159 billion as foreign exchange differentials out of the N200 billion claims they were making. The Finance Minister stated that the marketers, who had earlier agreed with the setting up of an ad hoc committee made up of their representatives, those of Petroleum Product Pricing Regulatory Agency (PPPRA), Debt Management Office (DMO), and Central Bank of Nigeria (CBN) to verify their claims suddenly backed out. According to her, she could not sign off monies that she would find difficult to explain to Nigerians later, urging the populace to rise up and challenge the marketers. While applauding some marketers that have demonstrated patriotic disposition to this current crisis, the minister noted that many marketers had resorted to black market operations and had kept on fleecing Nigerians and smiling to the bank. The minister, who said she had no regrets serving Nigeria, noted that it was a privilege serving one’s fatherland . According to her, in spite of personal attacks on her from some quarters, she has no regrets as her service to the country has been guided by utmost patriotism and altruism. She noted that the records of service were there for all to see, adding that a 50 per cent fall in oil revenue did not amount to mismanagement of the economy as this was not caused by the government. The Jonathan administration, she said, was leaving “positive economic legacies behind which nobody can wish away because history cannot be rewritten”. Such legacies, she said, include 1.4 million jobs created yearly out of 1.8 million jobs required as confirmed by the National Bureau of Statistics; the Development Bank of Nigeria which she added, will make affordable loans of up to 10 years available to Nigerian businesses. The list, according to her include the Nigerian Mortgage Refinance Company which is spearheading a range of reforms which will vastly increase the number of mortgages in the country and 3600 Nigerians that were given multi million naira grants to finance their business and the 22000 direct jobs created and over 80,000 indirect jobs thru YOUWIN, among others. Meanwhile, a former Minister of Defence, General Theophilous Danjuma has tasked the President-elect General Muhammadu Buhari to probe President Goodluck Jonathan and his administration's alleged gross mismanagement of resources which he said has left the nation indebted to the tune of over $60 billion. Danjuma, who spoke in Takum, Taraba State during the official commissioning of two set of bridges he constructed along Takum-Katsina highway yesterday, said it has become imperative for the incoming administration to probe the outgoing administration if the menace of corruption would be curbed in the country. Danjuma said, "It is disheartening to know that the incoming government of Buhari will have to contend with a debt of over $60 billion and there is nothing to show for this huge debt. Well, we would know what happened to these monies because I believe that the Buhari administration has to, and should, in national interest, investigate the administration so that we would know what happened". Giving reasons why he chose to not to participate in politics, Danjuma stated that he chose to steer clear of politics because for him, "all the political parties are the same, very bad and so I rather steer clear of it. I support anyone who comes to me for money based on what I make of their person irrespective of political affiliations." Meanwhile, ahead of Friday’s transition to a new government, economic analysts have stated that one of the major issues President-elect Buhari and his team will grapple with is the mixed corporate earnings performance of quoted companies and the conflicting macroeconomic signals which leave investors at sea regarding market direction and appropriate investment decisions. After the breath-taking rally in the Nigerian financial market post-2015 Presidential polls, markets recently bucked the trend, defying analysts' expectation of a strong rebound post elections. Data collated by the financial and investment advisory firm, Afrinvest, at the weekend showed that the NSE All Share index, from a YTD high of 3.1 per cent (35,728.12) post presidential election closed the week on a YTD return of -0.8 per cet (34,388.12). The Afrinvest’s report noted that trading activities in the fixed income space has followed a similar pattern, bucking a strong rally post-elections - following renewed foreign investor appetite - to a sideways trading pattern over the past weeks. It said the development in the markets reflects the mixed corporate earnings performance of quoted companies and the conflicting macroeconomic signals which leave investors at sea regarding market direction and appropriate investment decisions. Headwind factors of rising consumer prices, fiscal austerity and consequent weaker consumer spending powers, as well as uncertain fiscal direction of political transition have veiled the improving dynamics in the polity and commodity prices. In its weekly report, a copy of which was made available to our correspondent at the weekend, Afrinvest reports that the global monetary landscape remains broadly accommodating while the domestic monetary landscape has also recorded some gains with the naira remaining stable while external reserves haemorrhage is being gradually contained.” Analysts from the company expressed the confidence that economy would bounce back once the incoming administration makes the direction of its economic policy known as Nigerian and foreign investors are currently adopting a wait-and-see attitude. The report said, “We imagine that the modulation the markets await is a successful transition to a new government come May 29th and more importantly, a stable fiscal environment which is consequent on the policy pronouncements of the incoming government. Whilst the risk factors (headwinds) are evident, recent positive signals (tailwinds) as noted above posit a short to medium term attractive valuations for securities.” www.thisdaylive.com/articles/okonjo-iweala-jonathan-incurred-21bn-of-63bn-national-debts/210139/?utm_medium=twitter 14 Likes 1 Share |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Nobody: 7:21am On May 24, 2015 |
Sweetguy25: So Ngo baby is now APC? interesting.... Maybe the fuel scarcity could also be another lie from APC? 106 Likes 1 Share |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by hadura29(m): 7:22am On May 24, 2015 |
Sweetguy25: I guess you will come back and eat your words someday. 70 Likes 1 Share |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by hadura29(m): 7:23am On May 24, 2015 |
Issorite.... Book space |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by JingoOAU(m): 7:25am On May 24, 2015 |
The money PDP spent on electioneering campaign had it been it was used to pay part of these loans, it could have reduced drastically.... I can categorically say that PDP spent billion dollars for the election, isn't dat part of the waste we are talking abt? And where was the money gotten from? Is it not the money borrowed to fund critical projects that were diverted for electioneering campaign....Okonjo iweala might not be corrupt, but she should quit defending indefensible, it hurts so much...... 87 Likes 4 Shares |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Beremx(f): 7:35am On May 24, 2015 |
Madam Ngozi,you will not escape being probed. You will not! For your refusal to pay fuel marketers their subsidy payments and make Nigerians suffer,prosterity will judge you. 55 Likes |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Nobody: 7:36am On May 24, 2015 |
A brilliant nigerian woman has become a dummy. What a transfiguration NOI 53 Likes 2 Shares |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by IsraeliAIRFORCE: 7:45am On May 24, 2015 |
Beremx: You need Jesus Christ in your life 16 Likes 1 Share |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Beremx(f): 7:47am On May 24, 2015 |
IsraeliAIRFORCE:shut up Ngwakwe! I have modified my post before you hurriedly quoted me. It doesn't stop the fact that you're a pathetic liar. W.F. Kumuyi must be disappointed in you. A deeper life member who lies more than the devil. You need Jesus more than Jesus needs himself. Sorry for you! 39 Likes |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by IsraeliAIRFORCE: 7:49am On May 24, 2015 |
Beremx: That's why I deleted it though you've quoted it But if I may ask, what is this with you and Ngwakwe every time you quote my comment? 6 Likes |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Beremx(f): 7:59am On May 24, 2015 |
IsraeliAIRFORCE:....because you are Ngwakwe!! Why have you stopped using your Ngwakwe moniker since Jonathan's defeat in the presidential election and your shameful removal as a moderator? Why have you suddenly become ashamed? Your clannishness,lies and hypocrisy will always bring you out from the lots Ngwakwe. You will never change! 52 Likes 4 Shares |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by IsraeliAIRFORCE: 8:05am On May 24, 2015 |
Beremx: The solution to your predicaments is assured, only if you accept Jesus Christ as your Lord and personal saviour. Try it today 15 Likes 1 Share |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Beremx(f): 8:08am On May 24, 2015 |
IsraeliAIRFORCE:You're the one who needs Jesus the most. You need him badly to stop lying on a public forum. Bloody hypocrite!! Back to the topic abeg!! 39 Likes 2 Shares |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Obijulius: 8:10am On May 24, 2015 |
I wish we could have an Nzeogwu to clean out all living former leaders before Yaradua. Everybody that has ever tasted power. Or had any connection with government should be cleaned out. Their friends, cronies and family members too. We need real change, not fake APC change. 11 Likes 1 Share |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Obijulius: 8:16am On May 24, 2015 |
Even Danjuma dey talk. Well only in Nigeria. In saner climes Danjuma would have faced the electric chair a long time ago. I still blame Jonathan for not taking out the old guard including Danjuma and OBJ. 16 Likes |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by bishop4APC: 8:19am On May 24, 2015 |
serbia primier liga, la liga , premier league and serie a. Abi wetin ona dey discuss for here ![]() |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by walexGodson(m): 8:19am On May 24, 2015 |
Na God go p.unish GEJ and co for bringing Nigeria down 6 Likes 1 Share |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Nobody: 10:01am On May 24, 2015 |
Yes he did. ON PAPER |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by PassingShot(m): 10:01am On May 24, 2015 |
Who still believes anything that comes out of GEj's, NOI's and Diezani's mouth? As at the time OBJ was leaving office, [s]Nigeria didn't have external debts (I stand to be corrected if wrong)[/s] our external debt was actually $3.5 billion and NOI is the next worst thing to befall Nigeria after GEJ. 46 Likes 3 Shares |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Koroaso: 10:01am On May 24, 2015 |
*********BUHARI NEEDS TO DO THE NEEDFUL********** ********HOW DID NIGERIA GET HERE ??*************** ********THEY BORROWED ALL THIS MONEY AT A HIGHER EXCHANGE RATE NOW NAIRA HAS FALLEN WE PROBABLY OWE TWICE THAT AMOUNT IF YOU FACTOR IN THE NEW EXCHANGE RATE AND INTEREST ACCRUED*********** ********ESSENTIALLY THESE PEOPLE HAVE SOLD NIGERIA BACK TO SLAVERY,COS WHATEVER MONEY NIGERIA MAKES NIGERIA WILL HAVE TO HAND IT OVER******** ********FUEL SCARCITY,JOB SCARCITY,SECURITY SCARCITY,EDUCATION SCARCITY,HEALTH SCARCITY********** ********LETS FACE IT OUR LEADERS HAVE FAILED US********* ********THERE ARE COUNTRIES THAT DONT HAVE,THEIR ARE COUNTRIES THAT HAVE AND HAVE BEEN LOOTED ******* *******WE NEED TO STAND UP AND MOBILIZE...PDP OR APC NIGERIANS DONT GIVE A DAMN ANYMORE******* ********JONATHAN,OKONJI AND DIEZANI HAVE WRECKED THIS COUNTRY FURTHER************ ********WHEN WE MADE BILLIONS IN OIL SALES WE DID NOT SAVE FOR HARD TIMES.....THESE PEOPLE STOLE NIGERIA BLIND AND INVESTED OUTSIDE THE COUNTRY,NOW THAT RAINY DAYS ARE HERE,THEY CAN GO BACK TO THEIR INVESTMENTS BUT THE COMMON MAN LIKE ME AND YOU WILL SUFFER THE HARDSHIPS****** *******ENOUGH IS ENOUGH*********** SEE THE PICTURE OF THE MEN THAT RUINED NIGERIA BELOW. AS LEADERS YOU GUYS SHOULD TAKE RESPONSIBILITY FOR A FAILED STATE,EVERY SINGLE ONE OF YOU!!!!!! YOU GUYS HAVE FAILED US AS A COUNTRY,BY CONTINUING TO ALLOW CORRUPTION,INSECURITY FESTER UNABATED. EVERYDAY PEOPLE DIE OF UNDESERVED HARDSHIPS WHILE YOUR BILLIONS IN SWISS ACCOUNTS ARE ACCRUING INTERESTS....YOU HAVE BUILT HUMONGOUS MANSIONS WITH MONEY YOU STOLE FROM PEOPLE YOU WERE ENTRUSTED TO SERVE. YOU ARE RUNNING THE WHOLE NATION LIKE A CIRCUS ACT......YOU MIGHT FOOL A LOT OF PEOPLE BUT NOT ALL. ON BEHALF OF ALL NIGERIANS SHAME ON ALL OF YOU. WE REGRET HAVING HAD YOU AS LEADERS EVER. ALL OF YOU. MAY KARMA SERVE YOU SIMILAR PORTIONS YOU SERVED NIGERIANS. ONLY MEN WITH LOVE FOR THEIR NATION SHOULD BE ENTRUSTED WITH GUARDIANSHIP,NOT PEOPLE LIKE YOURSELVES..... 14 Likes 1 Share
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Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by omenka(m): 10:02am On May 24, 2015 |
Wow!! She makes attempts at justifying this, stating salaries and what not but forgot to state the inexplicable leap in expenditure on subsidy which must have contributed in no small measure to the rise in our debt profile. Please who's got the official twitter handle of this woman? I'd like to ask her what accounted for the nearly 500% rise in subsidy payments, from a mare 380Billion to over 1.8trillion, just after Jonathan took over. There has to be an answer. In addition, under NOI herself, Nigeria got debt relief from her creditors, a much celebrated feat credited to her negotiation prowess. We sag her praises to high heaven then as she declared "Nigeria is debt free"!! That was just 10 years ago under Obasanjo!! Now what the hell is she telling us?? That she lied ![]() What is really going on?? 41 Likes 3 Shares |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by Nobody: 10:02am On May 24, 2015 |
Sweetguy25: Na only God go help us. The country is gradually shutting down. No fuel or electricity. I heard Arik had to cancel all flights yesterday cause they didn't have aviation fuel. |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by niggi4life(m): 10:02am On May 24, 2015 |
We yearned for Independence, now the British gave us what we wanted, since 1960 till date we still haven't gotten it right, from one problem to another, and the funny truth is ALL the problem we are having now lies on just one thing "CORRUPTION". Didnt Obasanjo regime said they paid all the loan and Nigeria was free from debt? how come our debt has sky rocketed to $60 Billion?? Am sick and tired of their figures, All i want is affordable food on my table, Steady Electricity(which of course i will pay for), Good roads(which of course will be built and maintained with the Tax i pay), Good hospitals, portable water and quality education........ Please fellow Nigerians am i asking for too much ![]() ![]() ![]() ![]() ![]() ![]() ![]() 20 Likes 2 Shares |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by ichidodo: 10:03am On May 24, 2015 |
And APC propaganda machinery would have us believe this debt was incurred solo by Goodluck without looking at the debt profile of their states especially Lagos and Osun respectively....We are sure Ngozi Okonjo Iweala will be the scapegoat for unpaid salaries in Oshogbo. 4 Likes |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by sharafa88: 10:03am On May 24, 2015 |
starzupdate • t k 1 Share
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Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by 400billionman: 10:03am On May 24, 2015 |
If Buhari and osunbade dont know why they were selected, let them give way.. Danjuma should shame the devil by saying the truth, he steered clear of politics because he has an oil well, he is so rich that the money from politics will be a drop in a bucket with all the attendant stress. Secondly so he won't appear partisan and hurt his financial interests.. 2 Likes |
Re: Okonjo-iweala: Jonathan Incurred $21bn Of $63bn National Debts by omonnakoda: 10:04am On May 24, 2015 |
Beremx:Demdem,, so he is Ngwakwe!! Hmm 1 Like |
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