SEUN

Do observe something of recent using this thread as a reference point


A lot of SE and SS people on NL are no longer talking

Remember that threads like this would have seen serious opposition from SS and SE people


You have put your business on the line

Isn't biafranqueen supposed to be GEJ supporter? Are is this thread the result of an hangover?

The OP isn't as smart as she thinks, see how she exposed GEJ...
GEJ represents everything we don't want for our beloved country going forward

biafranqueen:
Oooookayyyy so your answer in GEJ?
We are measuring intelligence here so double check your figures. This is not a propaganda thread check fp for those.

Under OBJ, Nigeria saved money and left us debt free.......... GEJ virtually emptied the treasury despite high oil prices and plunged us back into debt (Dont forget the $1billion That was scammed from GEJ by boko Haram negotiators) ....... Damn! How daft can a president get


What was the amount left in the federation account when OBJ left office, how much did GEJ meet there and how much was left when he was kicked out?

That will give us a better perspective on who truly was the thirstiest Nigerian president.

Government Revenues in Nigeria increased to 1262.41 NGN Billion in the second quarter of 2015 from 751.30 NGN Billion in the first quarter of 2015. Government Revenues in Nigeria averaged 832.56 NGN Billion from 2010 until 2015, reaching an all time high of 1262.41 NGN Billion in the second quarter of 2015 and a record low of 534.09 NGN Billion in the first quarter of 2010. Government Revenues in Nigeria is reported by the Central Bank of Nigeria.

Nigeria realised N8.875tn from sale and exploration of petroleum resources between 2002 and 2006, the Deputy Director of Foreign Operations, Central Bank of Nigeria, Mr. Jide Aluko, has said.



A News Agency of Nigeria report on Friday quoted Aluko as saying, “The amount comprises revenue from exports and petroleum profit tax/royalties paid to the Federal Government by the oil companies.



Aluko said that Nigeria’s major foreign reserves inflows during the period were derived from sale of crude oil equity, royalties, petroleum profit tax which is tax paid by oil companies on profits arising from their operations, a tax rate of 85 per cent effective from April 1, 1975 and penalty for gas flaring, rental and signature bonuses.



According to him, the breakdown of the N8.875tn earned by government between 2002 and 2006 include N3.162tn from crude oil receipts, N4.262tn from petroleum profit tax and royalties, N1.045tn from excess crude oil receipts and N405 billion from excess petroleum tax profits and royalties.



In 2002, he said the country earned N1,088tn, comprising N584.648bn for crude oil receipts, N416.987billion from petroleum profit tax and royalties from oil companies, N76.703 billion from excess crude oil receipts and N9.737bn from excess petroleum tax profits and royalties.



Aluko said Nigeria in 2003 made N1.183tn, comprising N449.456bn from crude oil recepits, N675.653bn from petroleum profit tax and royalties from oil companies, N57.368 billion from excess crude oil receipts and N687.3m from excess petroleum tax profits and royalties.



The country’s earnings in 2004, the CBN chief said totalled

N1.716tn made up of N764.491bn from crude oil receipts, N876.151bn from petroleum profit tax and royalties from oil companies, N71.699bn from excess crude oil receipts and N3.8bn from excess petroleum tax profits and royalties.



Aluko, in a paper titled “Monetisation of Nigeria’s Foreign Exchange Earnings “ said the country in 2005 realised N2.144tn, comprising N694.041bn for crude oil receipts, N1.022 trillion from petroleum profit tax and royalties from oil companies, N260.583 billion from excess crude receipts and N167.479 billion from excess petroleum tax profits and royalties.



He put the country’s income from petroleum resources in 2006 at N2.743tn, comprising N669.453bn from crude oil receipts, N1.2701tn from petroleum profit tax and royalties and N223.589 billion from excess petroleum tax profits and royalties.



Aluko said various governments in Nigeria largely depended on foreign exchange earnings, mostly from oil and oil related sources to implement their budgets.



“As a result, it becomes imperative that the process of monetisation be carried out regularly to provide the needed funds,” the NAN quoted Aluko as saying.



http://www.punchontheweb.com/Articl.aspx?theartic=Art200709220302962

AlPeter:
Isn't biafranqueen supposed to be GEJ supporter? Are is this thread the result of an hangover?

Just to make it easier for you guys which number is bigger trillions or billions?

jaybee3:


Take a good look at the pictures attached to this post.

OBJ statistically would have sold most oil simply because he had the longest tenure BUT the average prices for large chunk of that tenure couldn't have been more than $30 or there about.

Production was fairly consistent with average price for GEJ's comparable period north of $80

You at least tried but I made it easier for you read the above comment. Comparing only 5 years of OBJ to GEJ not even the full 8 years do you see the diffrence? Even your graph shows the stabalized prices during OBJ reign.

Beremx:
Lol! He was actually drinking the oil with "who send you" cup.

The Otuoke drunk was really a disaster to Nigeria.

SMH

biafranqueen:
Just to make it easier for you guys which number is bigger trillions or billions?

ok, we know what amount was earned by different presidents.


Now how much was spent/saved by them despite the oil prices?

That's a true reflection of how thieving they were.

EasternLeopard:
SEUN

Do observe something of recent using this thread as a reference point


A lot of SE and SS people on NL are no longer talking

Remember that threads like this would have seen serious opposition from SS and SE people


You have put your business on the line

Thought you guys said you gonna leave, what are you waiting for?

biafranqueen:
SMH

watch your neck when SMH. Pretty woman,how are you doing?

trillville:
This thread is shocking. Has education falling so low in naija?

Op mind yourself oh. You are opening gej nyash for everybody to see.

I suggest you look again at the nyash that is open. What is funny is that he banked on the ignorance of Nigerians when he was spewing his nonsense about corrupt regime's. tn means trillions btw.

SUBWAY101:


Thought you guys said you gonna leave, what are you waiting for?

Check check!

Beremx:
watch your neck when SMH. Pretty woman,how are you doing?

Beautiful lady I am fine heard you were expecting? May God give you a fast and safe delivery and may your child be a joy and asset to his family and community!

Beremx:
Check check!

Okay love.

biafranqueen:
Beautiful lady I am fine heard you were expecting? May God give you a fast and safe delivery and may your child be a joy and asset to his family and community!

Amen in Jesus name.

hardywaltz:
GEJ the heroic thief....

If one person made billions others trillions who wins?

SUBWAY101:


Amen in Jesus name.

Amenooo!

biafranqueen:
Beautiful lady I am fine heard you were expecting? May God give you a fast and safe delivery and may your child be a joy and asset to his family and community!

Yes,i am expecting and i have less than 6weeks to go. Thanks for your prayers dear.

Keneking:
Jonathan. He was drinking the crude with mug and tumbler cup. I mean adult sized cups

he had been inhaling the gas flares and spillages so drinking the oil shouldn't make your kind run amok...a time is coming in this country when everybody go answer him papa name..

Hmmm. Kam nu kwa!

Beremx:
Yes,i am expecting and i have less than 6weeks to go. Thanks for your prayers dear.

tobimillar:
Please don't make me hate GEJ more than I do already, so even at $27/barrel, obansanjo was able to leave more than $67 in foreign reserve when he left office from $1.7 billion he met when he got into power. And with crude oil selling well above $100/ barrel,how much did GEJ leave behind? GEJ was really a collosus disaster, thank God for change

una change will soon change to disaster.

drss:
una change will soon change to disaster.

Dont mind them Now I know why the masses are suffering. Cognitive thinking skills are lacking in society.