ayokellany:


You are worse than a pig. I know you'd pick on her for standing out against the ugly she-evil minister with the thick rubber lips. Listen good what happened to the reserve Obsanjo left before that witch from the world bank became minister under Jonathan ? How much was Nigeria's debt after Obasanjo got the debt relief this slowpoke is plunging the country into under the drunk eye of the retard from Otuoke ?

PassingShot:
Liar!

As at the time OBJ was leaving office, Nigeria didn't have external debts (I stand to be corrected if wrong) and Yar'Adua left over $40 billion in ECA which sadly is now $2 billion.

NOI is the next worst thing to befall Nigeria after GEJ.

dvee2:
Imagine saying nigerians should rise against oil marketers. Why can't the federal government do that? Why should a group of oil cabal hold this country at the jugular and government seems helpless? The answer is simple, this government is deeply involved and a party to this mess.
I just hope it's not too late for the new government, because the damage already done is huge

Sweetguy25:
APC wants to run a government built and sustained by lies and forgery. They won't last.

Sweetguy25:
APC wants to run a government built and sustained by lies and forgery. They won't last.

Koroaso:
*********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.....

Proffdada:
OBASANJO & YARADUA DID NOT LEAVE ANY DEBT FOR NIGERIA BUT RATHER LEFT HUGE SUMS OF MONEY AS NATIONAL RESERVE FOR NIGERIA. JONATHAN (WHO IS NIGERIA'S GREATEST MISTAKE) MISTAKENLY BECAME PRESIDENT ON MAY 2010 AND BY MAY 2015,IT WAS DISCOVERED THAT JONATHAN HAS ACCRUED A DEBT OF 60 BILLION U.S DOLLARS FOR NIGERIA $1 = N228 60 BILLION DOLLARS × 228 = 13.7 TRILLION NAIRA (interest excluded) IF NIGERIA PAYS BACK 5 BILLION NAIRA EVERY MONTH 13.7 TRILLION NAIRA DIVIDED BY 5 BILLION NAIRA = 2740 MONTHS 1 YEAR = 12 MONTHS 2740 MONTHS = 228 YEARS IN OTHER WORDS,IT WILL TAKE NIGERIA AT LEAST 228 YEARS TO REPAY THE DEBT JONATHAN OWED (interest excluded) THIS CLEARLY MEANS THAT OUR CHILDREN, GRANDCHILDREN,GREAT GRANDCHILDREN AND GREAT GREAT GRANDCHILDREN WILL STILL PAY WHAT JONATHAN OWED. Now,who says JONATHAN is not BADLUCK?

PassingShot:
Liar!

As at the time OBJ was leaving office, Nigeria didn't have external debts (I stand to be corrected if wrong) and Yar'Adua left over $40 billion in ECA which sadly is now $2 billion.

NOI is the next worst thing to befall Nigeria after GEJ.

frehage:


You probably didn't read the post carefully enough. The total stock of external debt incurred under Jonathan is $3.7 billion. Foreign exchange is required for this sum only.

kjhova:


Actually OBJ did clear much of our $36B external debt in his time but didn't do much on the domestic front. He also built our external reserves up above the $40B mark which led to improved ratings for the country by international agencies. He did his best & it was good for us.

GEJ & NOI have worsened our domestic debt which have left many government contractors broke & moribund. The external debt has also increased marginally in their time leading to our reduced ratings. However NOI still does what she does best, spewing stats at us to confuse us!

Debt to GDP ratio of 1.5% sounds good until you figure out dat your debt is real while yur GDP is only statistical work. For example, Nigeria's GDP grew over double to $500B in one night just by MOF rebasing of the calculation!! Debt to revenue ratio of 22% is atrocious for a country bedevilled with poor infrastructure, high recurrent expenditure, endemic corruption & opaque financials!

How did this people get their PHDs?? My God!!

kjhova:


Actually OBJ did clear much of our $36B external debt in his time but didn't do much on the domestic front. He also built our external reserves up above the $40B mark which led to improved ratings for the country by international agencies. He did his best & it was good for us.

GEJ & NOI have worsened our domestic debt which have left many government contractors broke & moribund. The external debt has also increased marginally in their time leading to our reduced ratings. However NOI still does what she does best, spewing stats at us to confuse us!

Debt to GDP ratio of 1.5% sounds good until you figure out dat your debt is real while yur GDP is only statistical work. For example, Nigeria's GDP grew over double to $500B in one night just by MOF rebasing of the calculation!! Debt to revenue ratio of 22% is atrocious for a country bedevilled with poor infrastructure, high recurrent expenditure, endemic corruption & opaque financials!

How did this people get their PHDs?? My God!!

PassingShot:


Thank you.
To understand that NOI is a fraud, one only needs to read and re-read Prof. Soludo's article on NOI's handling of the economy.

I keep wondering what would have happened to us in another one year had GEJ found a way to win that election.

baralatie:

the problem with some people is that they are not in the know of the domestic debt incurred before Jonathan administration and the attempts to manage them.
economics and financial management things!!

JingoOAU:
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......

Beremx:
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.

baralatie:

do you have the domestic debt figure before year adua in 2007?

hadura29:



I guess you will come back and eat your words someday.

frehage:


You probably didn't read the post carefully enough. The total stock of external debt incurred under Jonathan is $3.7 billion. Foreign exchange is required for this sum only.

PassingShot:
Liar!

As at the time OBJ was leaving office, Nigeria didn't have external debts (I stand to be corrected if wrong) and Yar'Adua left over $40 billion in ECA which sadly is now $2 billion.

NOI is the next worst thing to befall Nigeria after GEJ.

Following the successful Paris Club debt deal and the exit from the London Club debts, the external debt stock dropped to US$3,544.49 million in 2006 from US$35.94 billion in 2004 and stood at $3,654.21 as at December 31, 2007

At the inception of his government, President Jonathan Goodluck inherited about $7 billion in the Excess Crude Account. The excess crude account stood at over $20 billion when Yar'Adua took over in 2007 but his administration regularly dipped into the account. Relatively high oil price meant the money in the ECA remained at $20.1 billion at the end of 2008. The account has a balance of $20 billion as at January 2009. By December 2009, Former President Umaru Yar’adua had reduced the Account to $7.8 billion.

PassingShot:

It's available online. Google it!
If you need me to help you, let me know.