kaboninc:


Maybe you should make a good use, I mean a really good use of your brain.

agabaI23:
First off, why did you eliminate the fact that oil rose to $147/barrel under UMYA before the downward trend?

Under Jonathan, the highest was about $105 or so...

Can you clarify if the $21.8 b mentioned by NOI include both foreign and domestic debt. I remember when NOI said that the bulk of the debt is due to the salary increase of 2010 which 'APC' strongly supported against NOI advice that the country could not carry it.

Out of the $21.8b, what percentage is external and what is domestic?

Buhari met $32 bn as external reserves and $63 billion esternal debt even though Ngozi Okonjo-Iweala, promptly rose to the defence of Mr. Jonathan’s administration, saying of the $63 billion debt, the administration only incurred $21.8 billion. How the external debt rose to an alarming rate remains unclear. Buhari also met a subsidy debt of about N600bn. How subsidy claims rose from N320bn to a whooping 2 trillion Naira under his administration remains unclear till this day.

adeniyibolanle:
[s]And mind you, what made me respect GEJ was because he accepted defeat in good faith for peace to reign but apart from that guy he no try for the management of the economy [/s]

TheGoodJoe:
By Nov. 2014, Ngozi Okonjo-Iweala depleted our reserves by 2Billion dollars without appropriation. If they ran a healthy economy, why dip hands into the ECA.

Anyone who believes President Buhari inherited a healthy economy, does not know what a healthy economy is.

MetaHuman:
as suspected..
A typical Nigerian yoot trying to talk smart but dumber than fish.

adeniyibolanle:
I know that some fox will still come supporting GEJ as a die hard fan. Brother face reality, apc share, pdp share but I hate when people like you paint GEJ regime as perfect all because of your hatred for PMB

LaExpert:


You wrote the bold, yet, you'll declare that PDP destroyed Nigeria for 16years.

When will you ever stop being confused?

kaboninc:


Not the typical Nigerian youth I must tell you.

But you, the typical youth who does nothing of his own, will not do anything of his own, will never listen to anybody (especially those who are wiser and more knowledgeable), will never be creative nor innovative, will never want to get down to word, will never pursue productive ventures, will never ask meaningful questions, will hate schooling, but will want his food served on his table while he lays on his bed everyday.

You Zombie is the typical youth.

MetaHuman:
you are still not using your brain.

There are gas pipelines vandalism during obj, gej and yaradua's era.... That is not an excuse... In fact militancy should be the least of our problem..

The problem is there are no power generating plants.
The money meant for these plants has been stolen or mismanaged..

Nigeria spent 40billion dollars from oobj era to gejs but only able to add 2500mw to power generated with that whooping sum while china generated 25000mw with less than 30billion dollars.

Now imagine if pdp gave us atleast 20000mw with that money from diverse power generation e.g solar, to hydro and wind, Even if millitants blow up the entire naija delta, it wont stop nigeria from having power..
But then the money has been stolen leaving us at the mercy of militants.

Get the logic now?

menxer:


The bolded is the only part of this article that is choking me, is there no logical way to explain it?

kaboninc:
When I say we have a problem with the way people think.....

Just negodu this one....same post ooo

seunmsg:


OBJ'S first budget was a little over N800billion, now, we are talking of financing a N6trillion budget. The minimum wage as at the time OBJ took over was less than N4000 before he increased it to N7500. Today, it's N18000 and labour are already calling for increase. So bro, times are very different. Nobody, not even OBJ can do any miracle with Nigeria's economy if crude oil prices remain as low as we've seen since last year.

plaetton:


Lol.
What a joker.

How dare you quote Premium Times to me as your source for economic facts.

Premium Times is a tabloid, not a source for real economic facts.

I suggest you get an education to help you know the difference between external DEBT and Total debt stock that includes Domestic DEBT.

Stop embarrassing yourself with your half-baked knowledge.

Gosh!
Talk about dishonesty and buffoonery.

Acidosis:


You see why I said I hate arguing with zombies??

We are talking about the CURRENT epileptic power supply as opposed to the amount of megawatts APC promised yearly, the best defence you have is to state how PDP should have generated 20,000 megawatts of electricity.

If PDP had done that, would you have voted APC?

Did you not see the problems before you PRINTED placards and tagged it CHANGE?

If Buhari had built power plants in 1984 and generated at least 15,000 megawatts, would Nigeria not be better now?

MetaHuman:
hahahaha.. Would I ask you to counter op if I don't want to listen to anybody..
I was hoping to Read something smart from you but at the end you are just another empty brain wailer that sings zombie on every intelligent post

You cannot even comprehend a simple post .. Shitttt just gerahere and stop embrassing yourself already.

It will be hypocritical and unfair for anyone not to expect the economy woes of today with the above analysis. With the indications above it is not out of place to say President Buhari inherited a virtually empty Treasury

Buhari met $32 bn as external reserves and $63 billion esternal debt

While Jonathan was unable grow the foreign reserves like his predecessor during the oil boom remains unclear.

fiizznation:
The previous administration sold oil{our only export earning commodity} for about $147 per barrel for almost 5yrs, now tell me, what the hell did they do with all the money and where did they kept the money?

koboko69:


Yeah we all know the higher the cruilde price the more subsidy paid, but this did not balloon the subsidy rate withnoil @ $147/barrel. What actually changed? The last time i checked oil didn't get that high at any point in Jonathan's regime. Besides with crude oil going low, why was there no corresponding decrease in subsidy claims that a whopping 600bn was left as money owed to the marketers.

mokset123:
you misunderstand the post, the first paragraph is a quote from a post. I had to recorrect the misconception with my post below

koboko69:


Geeeraaaahaaaahear......

Very lame argument. Cos of a single typo. When u ain't blind u can see it correctly spelt in others.

Cvesta:

Why not post the source of your hard earned facts and figures rather than resort to sheer throw of tantrum at a fellow debater who has laid bare arguments backed with authorities

kaboninc:


Really? You claim to comprehend that intelligent post? You even have the guts to call it an intelligent post?

Smh

What a disgrace you are to education.

Like these fallacies?







Alot of leakages have been plugged, and a solid foundation is being layed down.

You must be damp!

koboko69:


The kind of lies u people tell. Was APC in existence in 2010? Na wa ooooo. Oil peaked 147, yeah...but it started from a all time low and peaked in about 8 months. Then started a downward trend. Yaradua was able to raise 43 to $64bn with that short time. Jonathan enjoyed oil boom, averaging not less than 90usd for more than 2 years. He as no excuse.

kaboninc:


Brother, I do not paint GEJ's regime as all perfect

I don't hate Mr. Buhari...but I don't like him either.

Why do we always focus on 'pdp share'? That has always been my problem with these folks. Like PDP is responsible for the milk they drink.

MetaHuman:
yawnz

Its not my problem if you are too stupid to comprehend stuff.. Go back to school kid and get off my mention

kaboninc:


You know not the rules of engagement in the politics section!

superstar1:


Show the world where i ever said that.

LaExpert:

You wrote the bold, yet, you'll declare that PDP destroyed
Nigeria for 16years.

kaboninc:


It is my problem when you act like a zombie because tomorrow, you'll claim to have the magic wand that can cure all ills affecting the country!


Now uncle, go chew your fellow zombies, after all that's all you do.

plaetton:


Op.

You are a big liar.

As of October 2015, Nigeria's external debt stood at around $10b.
In FACT, $8b to $10 had been the average since 2008, long before Jonathan became president.

Therefore, Jonathan did not increase Nigeria's external debt by any significant amount.

It is on record that the current minister of finance is using Nigeria's very low DEBT to GDP ratio as a justification for seeking more external loans this year.

In your lopsided analysis, selective amnesia didn't allow you mention that OBJ inherited a Nigeria that had completely collapsed economically and politically.

He inherited a mere $3b in reserves and $38b in debt and oil price in the teens.
How did he and NOI do the magic?

Buhari inherited $30b reserves, $10b external debt and he is sulking and whining like a spoilt brat.

Be man enough to call incompetence and failure what it is: INCOMPETENCE and FAILURE.

All of you should go and hide in shame.

LaExpert:


In case you did not see my post or cannot comprehend; here is it again.

adeniyibolanle:
I get you bro, the same thieves in pdp don migrate go apc. GEJ had a good vision but he was misled by the kabal and GEJ is a soft man. I no like PMB too but I feel 9ja needs someone with a brave heart and who is not afraid of anybody "no be dis nonsense wey herdsmen de do and the idiot just kept quiet " to fight corruption because my brother corruption don almost finish this country

nenergy:

Oga! Stop shouting!! where are your own links? Op provided links to support his point, where at yours?