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Nairaland Forum / Nairaland / General / Politics / A "Standing Ovation" For Mr President (14001 Views)
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Re: A "Standing Ovation" For Mr President by Lordwize(m): 12:56pm On Jun 24, 2015 |
They are scared of PMB banning NL or maybe Tinubu is involved, the nation and desert reporter's way. |
Re: A "Standing Ovation" For Mr President by naso2(m): 12:58pm On Jun 24, 2015 |
biafranqueen: very funny. ![]() ![]() ![]() 1 Like |
Re: A "Standing Ovation" For Mr President by Appleyard(m): 5:13pm On Jun 24, 2015 |
Whynotthetruth: Trash upon trash! When i see trollers posts like these, i feel ashamed and wonder how we can actually get it right in this country, when some people so resolvely stand in anthemic posture to support their own decline and possible destruction. Yes! Monies are made every month, and d total sums are shared between the various tiers of government: who on earth did not know that? The money shared by d 3Tiers yesterday emanated from this process. But does it change d fact dat money was VIRTUALLY not left in the accounts? Must we explain what is meant by d use of d word ''virtually? Okay,let me help u. It conotes that the REALITY FALLS FAR BELOW WHAT WAS EXPECTED UNDER NORMAL CIRCUMSTANCES IN A GIVEN SITUATION. Now get these to ur pumped up egoism and learn wisdom: THE STATE OF NIGERIA'S ACCOUNT BASES SINCE DEMOCRATIC INCEPTION. 1. PRESIDENT OLUSEGUN OBASANJO (1999-2007) EXTERNAL DEBT: Inherited: $30 billion Cleared : $18 billion Paid: $ 12 billion Dollars Left: $3,348.22bn-2007 [url] http://www.financialnigeria.com /development /developmentreport_category_item _detail.aspx?categoryid=5& item=174 [/url] FOREIGN RESERVE Inherited: $3.7 billion (1999) Left: $45.0 billion (2007) NB: As at 2003, Oil Price Per Barrel was $30 and it was at $90 when he left. 2. UMARU MUSA YAR ADUA (2007 - 2009) EXTERNAL DEBT: Inherited: $3,348.22 billion Left: $3.94 billion Dollars http://www.dmo.gov.ng /oci/News/docs/Fact%20on %20%20Nigeria%20External%20D ebt%20Stock.pdf EXTERNAL RESERVE Inherited: $45.0 billion GrewTo: $63 billion in September, 2008 http://www.nigerianmuse.com /20090102021223zg/nigeria- watch/nigeria-s-foreign-reserves- dip-to-52-7-billion/ Left: $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" ) http://www.vanguardngr.com /2011/03/state-of-nigerias- external-reserves-worrisome- cipm-president /#sthash.cXXdNcoU.dpuf N/B: The reserve grew when the price of Crude Oil was $147 per barrel It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death. 3. PRESIDENT GOODLUCK JONATHAN: EXTERNAL DEBT Inherited: $3.94 billion Dollars As At Now:$9.3 billion Dollars http://www.dmo.gov.ng /oci/edebtstock /docs/External%20Debt%20Stock% 20as%20at%2030th%20June_%2 02014.pdf FOREIGN RESERVE: Inherited: $47. 7 billion (As At December 31st, 2009) As At Now: $30.BILLION http://www.cenbank.org/intops /Reserve.asp N/B: Of the $9.3 billion EXTERNAL DEBT,Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion As at 2010, Oil Price was at $89 per barrel As at 2011, It was $103 per barrel As at Now it is $100 per barrel http://en.wikipedia.org /wiki/World_oil_market_chronolo gy_from_2003 Meaning, Jonathan have access to more money than Yar Adua, but he depleted the Foreign Reserve and stil Plunge Us into Further Debt With NOTHING to show. Records at the Debt Management Office now show that the latest domestic debt of the Federal Government as of March 31, 2015 had risen to N8,507,545,474,000 (N8.51tn). This means that in the last five years, the Federal Government had borrowed N5.04tn from domestic lenders. It also means that within the period, the domestic debt of the Federal Government grew by 157.48 per cent, with virtually NOTHING to show for it. So, when people are talking there is virtually no money left, you should ask or read to understand why, not being arrogant and puffy! Goodluck! 4 Likes |
Re: A "Standing Ovation" For Mr President by dustmalik: 5:39pm On Jun 24, 2015 |
Appleyard:Don't mind the senseless dolts. 1 Like |
Re: A "Standing Ovation" For Mr President by mandarin: 5:51pm On Jun 24, 2015 |
barcanista: Barcanista, I can ,understand that you are intended of being a strong opposition to the current government which in itself is a good thing as it will afford the populace to think with open minds but sometimes brother do it with sense and earn my respect. Please, research well before you post anything at least for the sake of your followers. Buhari said he met an almost empty treasury for a country that sold crude oil above $80 for over 4years. Tell me the excess crude account should be that meagre? honestly you should bury your head in shame. The President has not made any appointment into EFCC and so those appointed by GEJ are still there, you cannot say he is a party to setting Sylva free, just wait till the reform hit you in the face and PDP guys will have to cough out what they have swallowed and i believe those in APC too will also follow suit. Barcanista,try and improve on your presentation and stop whipping emotions, i take you to be more mature and professional 2 Likes |
Re: A "Standing Ovation" For Mr President by Nobody: 6:07pm On Jun 24, 2015 |
mandarin:Did you read the article at all? Who is to be blamed for the depletion of ECA? Is it Jonathan or the Governors led by Amaechi/Saraki that filed suit at the Supreme Court demanding that it be shared? Are you aware that these Governrs got N3trillion from the ECA between 2011 and 2014? Are you also aware that the Governors were also agitating for the sharing of the leftover $2billion but Jonathan insist that it won't be shared? The reason why the ECA had remained stagnant at $2b since Dec 2014 is because there hasn't been excess of crude oil sales since last year up till this time. Are you also aware that Buhari has agreed in principle to share the leftover $2billion? N/B: the reason I blamed Jonathan in 2014 is because he agreed to the devilish Governors demand. But I won't stand and watch you guys make it appear like he did it on his own idea and was the sole beneficiary. As for my presentation, thanks. For your advice. 1 Like |
Re: A "Standing Ovation" For Mr President by Whynotthetruth(m): 2:07pm On Jun 25, 2015 |
Appleyard: I laughed off at your style of trying to play smart but by half with favourable figures and generalizing where it covers your deceit especially with you being blind to anything that justifies the debts...Anyway, issue of debt burden has been cleared here severally...So I won't argue back and forth with you...Subject of discuss here is what is in the treasury...And till you prove to me how $30billion dollars which is more seven times our annual budget is virtually empty treasury or how over $2billion dollars that can finance our national budget, is virtually empty treasury or how our investment in SWF whose dividends would soon start pouring in is virtually empty treasury then we have no discussion here.... |
Re: A "Standing Ovation" For Mr President by Appleyard(m): 4:55pm On Jun 25, 2015 |
Whynotthetruth: Still you won't concede the reality.... ![]() |
Re: A "Standing Ovation" For Mr President by Appleyard(m): 4:58pm On Jun 25, 2015 |
Re: A "Standing Ovation" For Mr President by jpphilips(m): 2:28pm On Jun 27, 2015 |
Alphaoscar: SWF is the FG's share of the ECA in part so it solely belongs to the FG. Keep your ignorance to yourself. |
Re: A "Standing Ovation" For Mr President by jpphilips(m): 2:35pm On Jun 27, 2015 |
HzRF: Na ur papa dey produce 3mbbls for Nigeria abi? |
Re: A "Standing Ovation" For Mr President by HzRF(m): 3:03pm On Jun 27, 2015 |
jpphilips:
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Re: A "Standing Ovation" For Mr President by Alphaoscar: 3:37pm On Jun 27, 2015 |
jpphilips: Stop been silly! http://www.vanguardngr.com/2011/11/nigerian-governors-and-sovereign-wealth-fund/ |
Re: A "Standing Ovation" For Mr President by jpphilips(m): 7:23pm On Jul 18, 2015 |
Appleyard: These are the kinda people who deserve to be posting on nairaland not rabbits. |
Re: A "Standing Ovation" For Mr President by Appleyard(m): 3:08pm On Jul 19, 2015 |
jpphilips:Abi? |
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