It's like Toketimt has not taken his cocaine in days now. Eya, trying to place myself in his shoes to understand how shaky his brain is now. Someone please pass him his cure asap.

Kemi, was it not magical that when Professor Buhari came into power that naira came tumbling? Is it not because CBN is now allowed to pump dollar into the market that makes the effect relaxing a bit now? Abi you think if Buhari had not gone on maternity leave that dollar wont be 500 naira now? Go and be doing your exchange rate bla bla bla somewhere in the corner of your room. Wake up from that impass where you have decided to believe that the dullard who flew the entire planet his first 6 months without working was a step in the right direction. Let me tell you, or why don't you enter a bus and start travelling round your zone for six months for I assure you, there will be prosperity in your home when you return.

obailala:
Nigeria is an import dependent nation. The price of everything, including things produced in Nigeria is influenced by oil price because oil price influences Nigeria's forex earnings and Nigeria's forex earnings is what determines the exchange rate. In the last 3 years on the average, Nigeria has made only a tiny fraction of the forex it used to make in the recent past and that explains why the exchange rate is messed up presently.

Garri might be produced in Nigeria, but the kerosene put in the ovens used to fry garri is imported and the transportation cost from the farm to the mill and to the market is influenced by imported fuel price. Furthermore, the garri fryer and seller dont live on garri alone, they need fuel in their cars and generators, they need to eat rice (imported) too etc.. No matter how you look at it, the very fact that Nigeria imports petrol alone simply means that anything which affects the exchange rate, affects the price of every single commodity in Nigeria.

And please dont tell me you just tried to compare forex Nigeria gets from selling yams etc to the forex Nigeria gets from selling oil.

obailala:
I'm sorry I wouldnt leave common sense and logic and start dwelling on baseless nonsense. The reason behind everything wrong today in the economy is well documented in facts and figures for any discerning mind to understand. Once again I'm sorry, I would not throw facts and figures away only to settle for gutter interpretations, I am not you.

Like the one that said Nigeria was the fastest economy in 2014/2015 against 4.56 million jobs lost in 2016?

ahaika23:
Where is this coming from? Can we have your claim backed up with evidence? I know it's not true though, but even at that, let us assume Buhari was given 3 trillion, my brother what did he do with it in 2016? Remember, GEJ's budget prior to the coming of the king of zombies stood around 3 trillion naira with which so many undeniable projects were executed.

You just don't want to learn

In 2016 oil revenu was $26bn which even if sold at 500 to dollars gives you around 1.3 trillion
Non oil revenues where close to 1.5 trillion

The federal government wage bill is around 166bn per month

Do the maths ,now how much is left ,

ahaika23:




Like the one that said Nigeria was the fastest economy in 2014/2015 against 4.56 million jobs lost in 2016?

Focus on the topic boy... How much forex did Nigeria make from oil from 2010-2015 vs 2015-2017?... You can use that as the foundation of your argument. Oh I forgot, you even started this thread claiming it doesnt matter how much forex Nigeria made. You also claimed only 15% of GDP is related to oil, hence it doesnt matter if 93% of the country's earnings actually come from oil. I doubt you have the intellectual capacity to discern fact and figures, so I give up. You win. Bye!

mrvitalis:


You just don't want to learn

In 2016 oil revenu was $26bn which even if sold at 500 to dollars gives you around 1.3 trillion
Non oil revenues where close to 1.5 trillion

The federal government wage bill is around 166bn per month

Do the maths ,now how much is left ,

Attached is 2015 budget table. As we can see, recurrent exp stands at 1.8trn for personnel cost. Also clearly shown is Government's income standing at 3.6trn based on projected expectations. Even with the huge 1.8trn wage bill a recurrent expenditure of 3.9trn, and an expected income of 3.6trn, GEJ manage to impact lives hugely positively. My question to you is this, basing your assertions of 1.9 trn on wage bill, are you trying to say Buhari's budget was not properly funded? I need you to show proof that Buhari did not borrow to complement for the deficit in funds which you and I know each successive government have been borrowing massively. We all remember Buhari's China loan etc. Now you can't say Buhari Stuck to 2.8trn and did not borrow to cover up the remaining needed funds. So what did Buhari do with the 6 trillion budget? Remember also GEJ administration left ALMOST an empty treasury running into billions of dollars.

ahaika23:
Kemi, was it not magical that when Professor Buhari came into power that naira came tumbling? Is it not because CBN is now allowed to pump dollar into the market that makes the effect relaxing a bit now? Abi you think if Buhari had not gone on maternity leave that dollar wont be 500 naira now? Go and be doing your exchange rate bla bla bla somewhere in the corner of your room. Wake up from that impass where you have decided to believe that the dullard who flew the entire planet his first 6 months without working was a step in the right direction. Let me tell you, or why don't you enter a bus and start travelling round your zone for six months for I assure you, there will be prosperity in your home when you return.

Even a child knows that you cant give what you dont have... You cant pump forex into the market if you dont have enough forex; reason why the CBN had to build up reserves which had fallen badly to $23bn as at September last year up to $30bn earlier this year before it resumed pumping forex into the economy.

If you are also observant, as at late 2014 when oil prices began dropping, Nigeria had almost $40bn in reserves. This money was pumped constantly into the economy to stabilise the Naira until mid 2015 when Jonathan left and only a measly $29bn was left in the reserves. Meanwhile despite pumping up to $10bn in a space of 6-7months, the Naira still fell nevertheless from N160 to N220 (and note that oil still sold above $60 at this time).

Of course with reserves down at $29bn when PMB took over, every educated/sensible person (except Jonathainaians) knew why the govt had to bring up the forex restrictions to prevent the reserves from wiping out completely since the oil price kept dropping. Forex restrictions of course led to scarcity in the market and scarcity damaged the value of the Naira further.

Like I said above, even infants know that you cant disburse what you dont have. But educated adults here seem to disprove this logic.

ahaika23:


Attached is 2015 budget table. As we can see, recurrent exp stands at 1.8trn for personnel cost. Also clearly shown is Government's income standing at 3.6trn based on projected expectations. Even with the huge 1.8trn wage bill a recurrent expenditure of 3.9trn, and an expected income of 3.6trn, GEJ manage to impact lives hugely positively. My question to you is this, basing your assertions of 1.9 trn on wage bill, are you trying to say Buhari's budget was not properly funded? I need you to show proof that Buhari did not borrow to complement for the deficit in funds which you and I know each successive government have been borrowing massively. We all remember Buhari's China loan etc. Now you can't say Buhari Stuck to 2.8trn and did not borrow to cover up the remaining needed funds. So what did Buhari do with the 6 trillion budget? Remember also GEJ administration left ALMOST an empty treasury running into billions of dollars.

Abeg what lives did GEJ impact in 2015 with a budget of less than N20bn for Works ministry which saw hundreds of contractors abandoning sites amd sacking workers?

ahaika23:
Earnings right? The Government with a lesser earning came up with a higher budget, and you are asking me how both are related?

...simply gives you the estimate of either 'unbudgeted spending' or outright theft in the government that earned higher. Except if high volume of savings was recorded.

obailala:
Abeg what lives did GEJ impact in 2015 with a budget of less than N20bn for Works ministry which saw hundreds of contractors abandoning sites amd sacking workers?

You can't be asking such dumb question naaaaaaa

Biafra: We will happily go to war again and again – IPOB http://www.naijagossip.com.ng/2017/08/16/biafra-will-happily-go-war-ipob/

ahaika23:


You can't be asking such dumb question naaaaaaa

I said what lives did he impact in 2015?.... There's nothing dumb about the question.

The year 2015 is a very level playing ground to compare gej and his successor because at least oil price was low in that year and that was the year the whole economic crisis started.

obailala:
Nigeria is an import dependent nation. The price of everything, including things produced in Nigeria is influenced by oil price because oil price influences Nigeria's forex earnings and Nigeria's forex earnings is what determines the exchange rate. In the last 3 years on the average, Nigeria has made only a tiny fraction of the forex it used to make in the recent past and that explains why the exchange rate is messed up presently.

Garri might be produced in Nigeria, but the kerosene put in the ovens used to fry garri is imported and the transportation cost from the farm to the mill and to the market is influenced by imported fuel price. Furthermore, the garri fryer and seller dont live on garri alone, they need fuel in their cars and generators, they need to eat rice (imported) too etc.. No matter how you look at it, the very fact that Nigeria imports petrol alone simply means that anything which affects the exchange rate, affects the price of every single commodity in Nigeria.

And please dont tell me you just tried to compare forex Nigeria gets from selling yams etc to the forex Nigeria gets from selling oil.

r u aware oil earnings contributes just 15percent of the nation's budget?

Toketimt:
[s][/s]

U sound daft. Really daft. To start with, compare these ur prices and indices to how it was handed over to him when he became president. Was that how he met it? Why didn't u ask the bastard to restore the prices of stuffs the way he met it? Oponu, things Av change all over the world, nigerian inclusive.
Nigerians are still feeding fine and being challenged. It has been like that from time memorial only fools like u will claim there was no poverty in the land when Jonah-daftt was in charge.
About oil, even countries where oil was very cheap before now like Saudi, Venezuela have all increased prices and here u are saying Nigeria should be an exception. does this ur indices doesn't apply to them? Seriously u lack sense.

atleast my sense senior buhari sense by 200 rest to power a billion.

yaki84:

r u aware oil earnings contributes just 15percent of the nation's budget?

Haha... The more they look, the less they see... Uncle, 15% of Nigeria's earnings might have been quoted to come from oil, so where do you think the remaining 85% comes from?... Yam exports?

15% might be from direct oil sales while almost 80% comes from tax receipts. Now which industry do you think contributes 90% of those company tax figures?

obailala:
Haha... The more they look, the less they see... Uncle, 15% of Nigeria's earnings might have been quoted to come from oil, so where do you think the remaining 85% comes from?... Yam exports?

15% might be from direct oil sales while almost 80% comes from tax receipts. Now which industry do you think contributes 90% of those company tax figures?

bros r u saying oil contributes almost the entire of nigeria economy?

yaki84:


bros r u saying oil contributes almost the entire of nigeria economy?

No I am saying oil accounts for almost the entire Togolese economy.

Of course your teachers who told you that oil is the mainstay of Nigeria's economy weren't dull. That statement still holds true even till the next 10-20 years. Remove oil suddenly and Nigeria dies instantly...

Goodluck Jonathan And The Ostrich Game By Peter Claver Oparah Goodluck Ebele Jonathan - remember him? He is the same man that was offloaded off power here some two light years ago. He is still the bumbling man perpetually living in denial, even in the face of egregious evidences of failure. He is still the same person who said he went to school without shoes yet when asked to declare his assets, after some few years in power, he declined and thundered ‘I don’t give a damn!’. BY PETER CLAVER OPARAH AUG 14, 2017 G oodluck Ebele Jonathan - remember him? He is the same man that was offloaded off power here some two light years ago. He is still the bumbling man perpetually living in denial, even in the face of egregious evidences of failure. He is still the same person who said he went to school without shoes yet when asked to declare his assets, after some few years in power, he declined and thundered ‘I don’t give a damn!’. He is still the same man who, as president, shocked the nation when he declared the stealing is not corruption, wondering why people were making comparison between ‘ordinary stealing’ and ‘corruption’. He is still the same fellow who harvested tremendous, unparalleled revenue in a providential oil boom and frittered the hefty accrual, which exceeded the combined revenue made by all previous governments before his. He is the same man who gave no damn that his cronies and those of his party men freely and impudently raided the national treasury and salted away mind- bugling amounts under his pernicious watch. He has cut a mark for himself for always burying his head in the sand when you expect him to be a man. He plays deaf and dumb in the hefty indiscretions and corrupt acts that have been linked to his men and subalterns. He creates the mien of an inscrutable man who lives with unimaginably corrupt people. He does not betray any qualms trading this paradoxical picture because his favorite pet must be an ostrich. Last week, Jonathan made a cameo appearance at a PDP meeting and as he was wont to do since he was offloaded from power, devoted the entire time he was on their stage, beating and dancing to his own drum. To him, he was the best thing that happened to Nigeria. He said that when he was here, the country was awash with bountiful blessings; everybody was secure, food was aplenty, inflation was nonexistent, corruption was exterminated, poverty was banished, etc. You will wonder which country Jonathan was rambling about. You even wonder if life was as bountiful as he tried to make it look, why was Jonathan voted out by millions of enthusiastic Nigerians just two years ago even in the face of very desperate measures he and his hirelings took to stick to power? Perhaps, to Jonathan, Nigerians made a mistake to end his ‘glorious’ era and of course, he must have been talking to a country living in regret for voting his golden era out. Let’s be clear. Jonathan has every right to bolster his image, especially in the face of the humbling he received in March 2015. With the horrific picture of wanton and egregious plundering that happened under Jonathan, assaulting the public space since he left, it was just charitable that he said, tongue-in-cheek that his regime failed to plug all loopholes for corruption. That means that he plugged some loopholes if we are to believe his moonlight revelry. That he even made that admittance was an afterthought especially in the light of the horrendous evidences of corruption that has continued to waft out from his regime. To Jonathan and his disciples, to whom he was directing his feel- good epistle, that was a cheery story, but to millions of Nigerians, still reeling from Jonathan’s gargantuan misrule, those were stories for the gods. Fact is that try as he and his cronies may wish to, Jonathan ran a brigandage where tremendous providential resources that would have lifted Nigeria from its present atrophy, were salted and stolen by his unconscionable cronies while he looked on. Truth is that Nigeria had enough resources to take it to the zenith of development under Jonathan but he presided over a total despoliation of the country as his moonlighting lasted. A nation that understands its onions would have, by now, be calculating the costs of the brigandage and vandalism which Jonathan supervised in Nigeria for nearly six years. For that period, Jonathan harvested enough resources to take Nigeria into the first world when oil, the mainstay of our economy went as high as over $120 per barrel and Nigeria exported over 2.5 million barrels every day. Jonathan inherited a rich foreign reserve of well over $ 64 billion and an Excess Crude Account in excess of $12billion. In the period when Jonathan was president, no new roads were constructed. The ones that were existing decayed out of existence. No new railways were constructed. No model hospitals were constructed. No new airports were constructed. Unemployment soared to the extent that it took a call for recruitment of 3,000 staff by the Nigerian Immigration Services for millions of Nigerians to fill all stadia and open spaces in the country after being extorted of a compulsory fee running into billions of Naira. In the ensuing stampede for space, over 20 of these youths were trampled to death and no one got employed in the long run. Inflation? It was a soaring affair as the rate of inflation climbed to a double digit when Nigeria was swimming in billions of petro dollars. What more, Jonathan left power with the country’s power generation capacity at below 1,000MW, and 23 states clearly on the throes of anarchy as several months of unpaid workers’ salaries threatened to unleash violent crisis all over Nigeria as Jonathan and his band left power in 2015. Jonathan’s ‘sound economic team’ told awe-stricken Nigerians before the March general election that it had to borrow nearly half a trillion Naira to pay federal civil servants’ salaries. Yet, crude oil sold for $60.30 the day Jonathan handed over; a price it had never reached for the period Buhari has presided over our affairs yet Buhari not only released a huge bailout to clear the hefty amount of salaries states accumulated in the oil boom era of Jonathan and has followed it up with periodic releases to make the states solvent. As for security, yes, Jonathan is so shameless as to flaunt a situation where he was living in perpetual scare of Boko Haram in Aso Rock, which made unchallenged constant bloody raids in the nation’s capital after seizing a fifth of Nigeria’s territory. It is as bizarre as it is tragic! While he surrendered the security of Nigeria to Boko Haram and sundry other gang lords, his National Security Adviser was sharing a huge sum of $2.1 billion voted for security to all manners of PDP aficionados. I am not trying to rebut the torrid of humongous claims Jonathan and his cronies continue to make to dupe our senses. Rather, I want to just take a peek at the persona of Jonathan; a simpleton who relishes playing the ostrich in his delusional feeling that Nigerians are afflicted with short memory. Fact is that Jonathan and his reveling PDP compatriots know that they are living a lie of what they really represent in Nigeria and what Nigerians think of them. They know the horrible place they occupy in the hearts of Nigerians who are still smarting from the vicious liabilities of the PDP era. They know that even as they try to take chance with Nigerians’ memories that everybody knows the ignoble role the PDP and Jonathan played in this country. They know that Nigerians know the hefty cost, the wasted opportunities and the missed chances we incurred when Jonathan and his men were vandalizing the country to the bones. They know that Nigerians know that Nigeria would have become great if we had an accountable leadership that utilized well the close to N100 trillion oil earnings, the hefty $64 billion foreign reserves, the $12 billion Excess Crude Account which Jonathan and cronies looted and ran Nigeria into recession. Perhaps with the exception of Venezuela, no other major oil producer ran into the kind of storm Jonathan and co ran Nigeria such that when oil prices crashed as President Buhari was taking over, every other oil rich country dipped into its rich savings to mitigate the effects. For Nigeria, everything was stolen; courtesy of Jonathan and co who ‘didn’t plug all loopholes of corruption’. Pray which one did Jonathan plug? Nigeria is where we are today because Jonathan and his lickspittles where were his exclusive cheerleaders as he makes his naked dance, ate our yesterday, our today and our tomorrow when bizarre stealing replaced statecraft. However, if PDP feels Nigerians have forgotten where the present rain started beating them, they have a huge opportunity to stage a referendum of the Jonathan regime. This they will do by presenting him for the 2019 presidential contest. Yes, if they believe in the lie they told themselves and those whose senses they have looted that Jonathan did very well, let them put Jonathan on their ballot for 2019. Not that it matters who they present for 2019 but putting Jonathan on the ballot will help them get a clearer picture of how Nigerians feel about the regime vis-à-vis the present regime. Jonathan should spare what remains of his saliva and throw his hat into the ring if he and what remains of PDP believes in the lies they regurgitate to themselves that he did well in power. Let the PDP simply exhume Goodluck Jonathan and present him to Nigerians on its 2019 ticket as the best they have for the presidency on the mantra that he did so well for the six years he was here and let Nigerians vote, if in real terms they have forgotten the lessons of March 28, 2015. That is the best way to walk one’s talk than indulging in self-delusive revelry of futile creation which Jonathan and his hirelings have made their favorite pastimes, since they were dismissed from power. Peter Claver Oparah writes from Ikeja, Lagos. You can reach him at peterclaver2000@yahoo.com

We coward yorubas are supporting buhari in ripping zoogeria.

Toketimt:


Buhari may be ill but he is surely not foolish. Urs is worldclass.

get behind me defool.........

My opinion shudnt give hyper-headache, under d clueless one i wasnt working but i enjoy living, now am doing something, seeing money but cant save cause of high cost of living.

If my opinion isnt in line wif urs bobo go stick ur head for aisha Buhari's smelly pvssy

Toketimt:


Hopeless eediot, why should Buhari be blamed for ur obvious nonsensical and eediotic way of life. U cant save and so what? Na Buhari curse ur generation? Millions are still saving making it big doing the right thing under the same circumstances and conditions and u are here talking rubbish.
Oponu, ur opinion is foolish and my duty to let u know that.

am sorry, Buhari frustrate u n ur entire generation. So gid d hell outta me mention.

tuniski:
They will be smitten with facts and figures from real life, not their now lame propaganda. Buhari/apc and zombies be ready to do defense cos patriots and the PDP is on the offensive!

I am excited.

HE HAS NEVER BROUGHT ANY FACT AND FIGURE BUT SHOW IGNORANCE.

budget doesn't equate to the amount if money you have at hand.It only show much one is willing to spend.


GEJ should be ashamed of himself for preparing 4trillion budget with such a revenue.

Toketimt:
Fool, u sound lost. Buhari frustrates me and yet am still for him... U are so foolish. A true son of ur papa.

bobo u r needed in that rat thread.


Join the conversation.

God punish liars n their followers, ameeen.

I heard 26b USD has been used for 1 contract under Buhari's Government. Kindly expantiate how naija made 26b USD in 2016 and it's used up by his boy in 2017. Kai, these people are wicked I swear.

mrvitalis:


You just don't want to learn

In 2016 oil revenu was $26bn which even if sold at 500 to dollars gives you around 1.3 trillion
Non oil revenues where close to 1.5 trillion

The federal government wage bill is around 166bn per month

Do the maths ,now how much is left ,