PassingShot:

Naiv[s]ety is a serious issue!
What you refer to was explained under ownership structure. Where is the subject suddenly not of importance?

Very funny indeed![/s]

PassingShot:

[size=18pt]While at it, pls understand that it is 110% wrong to say ECA is part of our FR. Your economist Kabonic (?) is 200% wrong about it. [/size]

[size=13pt]That was you PassingShot...on fire! [/size]

[size=13pt]Here, earlier today.....on ice, [/size]

PassingShot:



[size=16pt]1. FR or External Reserve has ownership structure of the federation (i.e. the states), FG and CBN[/size]

[size=16pt]2. The federation = funds held in excess crude and PTT/Royalty accounts at CBN[/size]

We can easily deduce that:

[size=18pt]1. The FR is owned composed of funds belonging to the three tiers of government and the CBN. [/size]
[size=18pt]2. The portion of the federation is held in the excess crude and PTT/Royalty accounts at CBN.[/size]

Ownership structure is what is being addressed in the portion you guys hold on to.

Components of the FR is clearly listed as I have posted here already.

MizMyColi:

kaboninc:


[size=13pt]That was you PassingShot...on fire! [/size]

[size=13pt]Here, earlier today.....on ice, [/size]

okotv:
In simple terms explain how Jonathan diversified our economy.

Whynotthetruth:
So happy for you kaboninc,Mizmycoli, and rad1cal2 for taking Passingshot to the classroom... I believe he learnt some basic economics today...

Passingshot is simply a one eyed man in the land of the blind(APC folks); so he overrated himself and IQ level because dullards echo him as he flipflops... I hope he will be humble enough to say thanks for the free education today Sorry Passingshot, people ignore you sometimes not because you're right or have more facts but because it is fair to allow a madman enjoy the dividends of lunacy I hope you learnt some lessons having been educated by a Lady

okotv:
In simple terms explain how Jonathan diversified our economy.

Whynotthetruth:


1)First intervention scheme in pharmaceutical sector since independence was done by Jonathan hence boosting that sector with its attendant multiplier effects... Cf Sam Ohuabunwa foremost manufacturer & industrialist

2)Celebrated agricultural innovations... Cf http://www.vanguardngr.com/2015/08/you-goofed-on-jonathans-agricultural-programme-adesina-tells-oshimhole/

3)Ever imagined why our food import cost came down? Have you ever asked why inflation refused to rise in Nigeria the way it did in Russia and Venezuela who had same challenge as us during world oil price crisis?...Ever asked why and how we had dry season farming in Nigeria?...Ever asked why unending story of fertiliser scam disappeared under Jonathan

4)Ever asked why companies like Volkswagen that ran away from Nigeria for over 20years ran back under Jonathan thanks to auto policy?

Dharniel:

you are something else...

Whynotthetruth:
So happy for you kaboninc,Mizmycoli, and rad1cal2 for taking Passingshot to the classroom... I believe he learnt some basic economics today...

Passingshot is simply a one eyed man in the land of the blind(APC folks); so he overrated himself and IQ level because dullards echo him as he flipflops... I hope he will be humble enough to say thanks for the free education today Sorry Passingshot, people ignore you sometimes not because you're right or have more facts but because it is fair to allow a madman enjoy the dividends of lunacy I hope you learnt some lessons having been educated by a Lady

PassingShot:
[s][/s]

Whynotthetruth:

Oga wetin I do nah? I don offend you?

Whynotthetruth:


1)First intervention scheme in pharmaceutical sector since independence was done by Jonathan hence boosting that sector with its attendant multiplier effects... Cf Sam Ohuabunwa foremost manufacturer & industrialist

2)Celebrated agricultural innovations... Cf http://www.vanguardngr.com/2015/08/you-goofed-on-jonathans-agricultural-programme-adesina-tells-oshimhole/

3)Ever imagined why our food import cost came down? Have you ever asked why inflation refused to rise in Nigeria the way it did in Russia and Venezuela who had same challenge as us during world oil price crisis?...Ever asked why and how we had dry season farming in Nigeria?...Ever asked why unending story of fertiliser scam disappeared under Jonathan

4)Ever asked why companies like Volkswagen that ran away from Nigeria for over 20years ran back under Jonathan thanks to auto policy?

5)Ever asked why and how we had first indigenous oil company listed in NSE under Jonathan thanks to local content policy?

6)Ever asked why and how indigenous engineers for the first time did great work in oil sector in Bonny, Okrika etc and our TAM of refineries currently thanks to local content policy?

7)Ever cared to know why and how WCO sent officers to understudy our custom reforms under Jonathan and asked other African countries to learn from us immediately

Ever cared to know why and how our energy sector received due deregulation and investments with large international standard trained labour pool for the sectors?...and big world players like General Electric(GE) rushing in to establish base...

9)Do you know why we suddenly had almost rice sufficiency under Jonathan hence reducing our rice import?

10)Do you know why and how backward integration started by Obj and fully implemented by Jonathan led us to become exporter of cement?

11)Do you know how many youth entrepreneurs came out thanks to YOUWIN and NYSC skill acquisition programs under Jonathan?

12)Do you need more? make I drink water

Cc. Mizmycoli

kaboninc:


That is what they do.

Reminds me of jpphilips......they claim so much and yet give false information and rag tag analysis. The worse is their refusal to learn from a superior argument. Here's a proverb for these guys and I hope they faithfully consider it:

Dharniel:


the way you carry PDP matter for head ehn, i sure say GEJ no do reach half...

kaboninc:


Leave that guy!

E come here dey form I SABI PASS!

Like you rightly said, ignoring him doesn't mean he is right but if you pursue a mad man, people will take you to be mad too

MizMyColi:


The transformation agenda comes to mind.

1. Mining

http://www.vanguardngr.com/2011/11/jonathan-raises-nigeria’s-mining-profile/

2. Manufacturing

3. Agriculture
http://www.post-nigeria.com/jonathan-diversifying-nigerias-economy-through-the-transformation-agenda-by-sani-muhammed/

Oh, btw, next time.....show some courtesy by fixing "please" or "kindly" where necessary.

Thanks.

Whynotthetruth:


Sorry nah...why u dey vex? Nah me talk say make you no sabi book sotey woman dey teach you for here No mind her...just go learn elementary economics and come back to form again

okotv:
With all these listed, how come the oil recession reduced our gross earnings and most states began struggling to meet up with their wage bill ?

PassingShot:

I am very capable of schooling you without looking at the books.
You're only mostly ignored because you're known across this forum not to make much sense. Your boss couldn't even fare any better. How much more a semi literate who doesn't know that ECA is not part of Foreign Reserve?
Dolt!

Whynotthetruth:


A step at a time bro...

Is any of those listed above false...Counter me constructively

Then; check out percentage contribution of those to our revenue base as at June 2015 as against previous years of 2011 downwards...

BTW oil is still our major earner...States are struggling because they were mismanaged and looted by thieves...

Ever asked How come Anambra state which is NOT an oil producing state officially yet is afloat and doing very well under same challenge/economic condition as others without borrowing a kobo from anybody

okotv:

1. Mining. Jonathan just scratched the surface and did virtually nothing to stop illegal mining by foreigners. That then doesn't count.

2. Nothing much was achieved here as power was unstable.

3. Agriculture....only mouth action here as the price of garri or rice only increased between 2011 & 2015.

Sorry for my lack of manners. Would try to show some courtesy next time.

okotv:
Finally, you just said what I wanted to hear.

A step at a time it is. Why haven't you given that to the government of the day

Whynotthetruth:

A step at a time bro...
Is any of those listed above false...Counter me constructively
Then; check out percentage contribution of those to our revenue base as at June 2015 as against previous years of 2011 downwards...
BTW oil is still our major earner...States are struggling because they were mismanaged and looted by thieves...
Ever asked How come Anambra state which is NOT an oil producing state officially yet is afloat and doing very well under same challenge/economic condition as others without borrowing a kobo from anybody

okotv:
Finally, you just said what I wanted to hear.

A step at a time it is. Why haven't you given that to the government of the day

jpphilips:


Damn! that handle jpphilips still give you a hard on!!

Whynotthetruth:



I quoted this because I am allergic to lies... Kindly answer these questions;

1)Why did our rice import reduce?

2)Why did our general food import cost reduce?

3)Why did inflation not rise as it did in Russia, Venezuela etc during oil price recession?

Whynotthetruth:


Kaboninc kindly don't descend to the gutter with Passingshot... You have done exceedingly good job teaching him even with his own link...His anger and defeat has taken over now...so this his venom is the last kick of dying and wounded viper Use your ignore button plzzz..

Cc. Mizmycoli

PassingShot:

I am very capable of schooling you without looking at the books.
You're only mostly ignored because you're known across this forum not to make much sense. Your boss couldn't even fare any better. How much more a semi literate who doesn't know that ECA is not part of Foreign Reserve?
Dolt!

PassingShot:

[size=18pt]While at it, pls understand that it is 110% wrong to say ECA is part of our FR. Your economist Kabonic (?) is 200% wrong about it. [/size]

[size=13pt]That was you PassingShot...on fire! [/size]

[size=13pt]Here, earlier today.....on ice, [/size]

PassingShot:



[size=16pt]1. FR or External Reserve has ownership structure of the federation (i.e. the states), FG and CBN[/size]

[size=16pt]2. The federation = funds held in excess crude and PTT/Royalty accounts at CBN[/size]

We can easily deduce that:

[size=18pt]1. The FR is owned composed of funds belonging to the three tiers of government and the CBN. [/size]
[size=18pt]2. The portion of the federation is held in the excess crude and PTT/Royalty accounts at CBN.[/size]

Ownership structure is what is being addressed in the portion you guys hold on to.

Components of the FR is clearly listed as I have posted here already.

PassingShot:

Look at the eediot talking of venom when the fact is he started the foul words as he usually does!

Your fellow foolish comrade did his earlier on. It will only take an intelligent small boy like you to scan through and see who started using the foul language but since you're as unintelligent as he is, the task is too much for you.

The loss at the polls is definitely responsible for your miserable life but guess what, we don't care.

You can do the needful. I am done with dolts.

PassingShot:

[size=18pt]While at it, pls understand that it is 110% wrong to say ECA is part of our FR. Your economist Kabonic (?) is 200% wrong about it. [/size]

[size=13pt]That was you PassingShot...on fire! [/size]

[size=13pt]Here, earlier today.....on ice, [/size]

PassingShot:



[size=16pt]1. FR or External Reserve has ownership structure of the federation (i.e. the states), FG and CBN[/size]

[size=16pt]2. The federation = funds held in excess crude and PTT/Royalty accounts at CBN[/size]

We can easily deduce that:

[size=18pt]1. The FR is owned composed of funds belonging to the three tiers of government and the CBN. [/size]
[size=18pt]2. The portion of the federation is held in the excess crude and PTT/Royalty accounts at CBN.[/size]

Ownership structure is what is being addressed in the portion you guys hold on to.

Components of the FR is clearly listed as I have posted here already.

okotv:

1. Mining. Jonathan just scratched the surface and did virtually nothing to stop illegal mining by foreigners. That then doesn't count.

2. Nothing much was achieved here as power was unstable.

3. Agriculture....only mouth action here as the price of garri or rice only increased between 2011 & 2015.

Sorry for my lack of manners. Would try to show some courtesy next time.

PassingShot:

Look at half baked who doesn't kno ttge difference btw ECA and foreign reserve.
A nincompoop who couldn't back up any of his claims with any source even if not credible!
When you were clearly defeated, you used escapism strategy to bail.
Sorry, you're not up to the task.

PassingShot:

[size=18pt]While at it, pls understand that it is 110% wrong to say ECA is part of our FR. Your economist Kabonic (?) is 200% wrong about it. [/size]

[size=13pt]That was you PassingShot...on fire! [/size]

[size=13pt]Here, earlier today.....on ice, [/size]

PassingShot:



[size=16pt]1. FR or External Reserve has ownership structure of the federation (i.e. the states), FG and CBN[/size]

[size=16pt]2. The federation = funds held in excess crude and PTT/Royalty accounts at CBN[/size]

We can easily deduce that:

[size=18pt]1. The FR is owned composed of funds belonging to the three tiers of government and the CBN. [/size]
[size=18pt]2. The portion of the federation is held in the excess crude and PTT/Royalty accounts at CBN.[/size]

Ownership structure is what is being addressed in the portion you guys hold on to.

Components of the FR is clearly listed as I have posted here already.

Whynotthetruth:


Don't run away from the points bro I wanted you to first counter my posts on those diversification facts of Jonathan hence my a step at a time comment...don't get it twisted bro...