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Goodluck Jonathan Needs To Answer This 9 Questions by AuthenticNG: 3:59pm On Apr 09, 2020 |
We curated 9 Questions needed to be answered by the Former President of Nigeria Dr Goodluck Jonathan. Goodluck Jonathan was Nigeria President from 2009 till 2015. Goodluck Jonathan Need To Answer This Questions 1. Goodluck Ebele Jonathan need to explain to Nigerians how he managed to pay fuel subsidy and yet sold fuel at N86 per liter. 2. Goodluck Ebele Jonathan need to explain to Nigerians how he manage to swallow our insults, criticism and protests without using the military and DSS to hunt us down 3. Goodluck Ebele Jonathan needs to explain to Nigerians how he managed to handle our group protests and yearnings without calling us terrorists 4-9 will Interest you.. Read Fulll READ FULL/SOURCE: https://authenticng.com/goodluck-jonathan-needs-to-answer-this-9-questions/ 6 Likes 1 Share |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by kayusely70(m): 4:00pm On Apr 09, 2020 |
Lets wait |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by ghettokid1(m): 4:02pm On Apr 09, 2020 |
mtchew 2 Likes |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by donbachi(m): 4:18pm On Apr 09, 2020 |
Simple...he was not just a leader,rather he was a reader,listner,values life,took advices and made corrections. 13 Likes |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by Nobody: 4:18pm On Apr 09, 2020 |
One of the popular myths of the GEJ admin was that he sold fuel at N86. No, it was at N87 and it was toward the end of his regime. 1.At the start of his regime, fuel was N65 2.In December 2011, GEJ partially removed fuel subsidy(a move I supported by the way)...and raised prices to N140 per liter. That was because landing costs were at N99 per liter, and fuel subsides were becoming difficult to sustain 3.Protests, mostly spontaneous (the people that would form APC jumped on the bandwagon)...forced GEJ to reduce prices to N97. 4.As a result, subsidy costs increased and by 2013, it was becoming obvious, even with high oil prices, that we could not sustain subsides. That's when many oil marketers started getting owed subsidy claims. 5.BY 2013, outside Lagos and Abuja, and outside some major marketers, fuel was being sold way above N97 per liter. This was because the landing cost was increasing, and the amount of subsidy payments was not sufficeint to cover cost. By 2014, there were rolling fuel scarcity 6.In 2015, GEJ reduced fuel to N87....but even then, it was only in a few places that one could get fuel at that price. 7.By the time Buhari took over, the cost of importing fuel was rising, the oil price was falling, and the debts owed marketers in subsidy claims was rising. To take some pressure off Bubu did two things a) removed subsidy partially...by raising fuel to N145, which allowed marketers to pay part of their debts, and which ended some scarcity...for now b) when that fix did not work, ended importation of fuel by anyone except NNPC, and paid NNPC a underrecovery as subsidy 8.The subsidy claims of Independent marketers were not fully paid till 2018 (and a fair penny it cost the government) 9.The simple solution to all this grammar...remove fuel subsidy. That has been the argument since the early 1990's, when the first cracks appeared in the subsidy regime. But the thing is, despite all the scams and waste in Nigerian fuel subsidy regime, and the fact that it is costing a lot of money to maintain, the average Nigerian does not want subsidy to go....as it means high prices and by extension inflation.(initially) But long term, subsidy removal means more jobs for every Nigerian, more refineries, and more investment...and a market driven fall in oil prices. Honestly, if GEJ had completely removed subsidy in 2012, we would have solved all our petrol issues since, and we would have had more refineries under construction. But Nigerians want low price for fuel , even if it wrecks our economy. 4 Likes 1 Share |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by amc: 4:22pm On Apr 09, 2020 |
AuthenticNG: Short memory bro or you were too young to understand. 1. Security Operatives Invade Lagos APC Secretariat, Destroy Materials 5 Likes |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by WATCHOVER(m): 5:04pm On Apr 09, 2020 |
amc:I thank God there was no where your news sources said shoot protesters 3 Likes 1 Share |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by amc: 5:36pm On Apr 09, 2020 |
WATCHOVER: Thanks for reminding me. https://www.vanguardngr.com/2014/07/sheikh-zakzakys-son-10-others-died-nigerian-troops-shiite-muslims-clash/ Sheikh Zakzaky’s 3 sons, 9 others died in Nigerian troops, Shiite Muslims Clash https://allafrica.com/stories/201206060213.html 16 Feared Dead As Security Operatives Raid Massob Office 3 Likes |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by ODB2: 5:51pm On Apr 09, 2020 |
[s] kikero:[/s] Crude averaged at around 75-90 dollars per barrel and peaked at $110 throughout Jonathan's administration. But he provided fuel at maximum of 97 naira. Your buhari has implimented a 143 naira price regime with crude hovering at no more than $60 and is currently trading at slightly above $30. What should that tell you. Well, Mr Zombie, subsidy was more expensive during GEJ due to high crude prices. Instead of you to admit the foolishness you supported and still clamour for you are here trying to do your usual egungun acrobatics. 3 Likes 1 Share |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by ODB2: 5:53pm On Apr 09, 2020 |
amc: Keep using Jonathan as a refrence. When we are free from this disaster called Buhari and APC and you are finally thrown in to the labour market to get a real job instead of working at BMC posting trash for your zombie audience, then only will your eye clear. 2 Likes |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by Nobody: 6:03pm On Apr 09, 2020 |
ODB2: That's not true and you know it. Around July 2010, it was $75, then $125.93 per barrel in mid 2012 So, between $75-120 Bubu, on the other hand , came in with oil of $64, and it rose to $80, and now is below 30 dollars. Here is a brent crude price chart from 2010-date. Of course, it does not mean Bubu is a good leader, there are things he could have done to improve the economy...like remove fuel subsidy completely by 2015 when he took over. By now, we would have had 3 new under construction refinereies, price of fuel would have crashed below N100, and NNPC would be back to normal. There are many good reasons not to support APC for me, and this is the main one. But he provided fuel at maximum of 97 naira. At the expense of our forex savings. (If you had read my commentary well, I am really arguing against fuel subsidy. Note that I backed GEJ's subsidy removal of 2012...because my eyes were opened after supporting fuel subsidy since 1993, and earlier). If you read my explanation well, you won't be making this argument Your buhari has implimented a 143 naira price regime with crude hovering at no more than $60 and is currently trading at slightly above $30. That we are running out of money to subsidize fuel. Which means...oil subsidy has to go. (Note that so long as government controls the prices, there is a subsidy. That's why I wasn't deceived when Bubu said in 2015 that they removed subsidy. The revelation of the under-recovery was the last straw. Well, Mr Zombie, subsidy was more expensive during GEJ due to high crude prices. Which is why I clearly stated that I supported GEJ removing it in 2012, even down to accepting the N140 per liter price, and even down to refusing to support the Occupy Nigeria rallies, because it was obvious that we could not, as a nation sustain subsidies for long. You very obviously did not read my post. You just got angry for no good reason. Instead of you to admit the foolishness you supported and still clamour for you are here trying to do your usual egungun acrobatics. Since I started voting in this dispensation, I have as a rule never voted for PDP or APC. I did not vote for Buhari in 2015 or in 2019. (2015....even though I knew PDP should get out...it was when Tam David West came up with the N40 for fuel thing, that I knew that these guys had no idea how the subsidy regimen worked, or why it had to go. Forget my vote for them) |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by amc: 6:05pm On Apr 09, 2020 |
ODB2: Naira/Dollar exchange rate is a big factor in the selling price of PMS locally. In 2012/13, $110 converted into less Naira than $60 in 2016 to 2020. So thjere is no way FG can sell Crude at N97 at today's exchange rate. 1 Like |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by ODB2: 6:07pm On Apr 09, 2020 |
[s] kikero:[/s] Dr Kikero of BMC Medical center and strong advocate for vaccines You are spewing trash. GEJ paid higher subsidy because crude was selling record high. The higher crude is trading the higher you should expect PMS to be. Buhari with lower crude prices and increase in pump price (which he claimed was due to subsidy removal) was still paying subsidy under the table. You zombies should not think that by stringing words together you are making any sense or point. 1 Like 1 Share |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by Melezenawii: 6:09pm On Apr 09, 2020 |
AuthenticNG: FAKE NEWS PROPONENT...IPOB NEWSPAPER You guys thought everyone has short memory like other Nigerians https://www.premiumtimesng.com/news/147837-breaking-confusion-port-harcourt-airport-security-agents-block-amaechis-supporters.html 1 Like
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Re: Goodluck Jonathan Needs To Answer This 9 Questions by efighter: 6:11pm On Apr 09, 2020 |
AuthenticNG: Several idiots in one country. A man that was borrowing to pay Salaries was also borrowing to pay subsidies 1 Like
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Re: Goodluck Jonathan Needs To Answer This 9 Questions by GreatResearcher1: 6:11pm On Apr 09, 2020 |
Thanks a lot @amc. @WATCHOVER how market? |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by Tetrahedron(m): 6:12pm On Apr 09, 2020 |
If he didn’t allow corruption in his govt, he would have done well! |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by Nobody: 6:17pm On Apr 09, 2020 |
ODB2: And on the other thtread, a BMC was calling me a PDP supporter...okay Plus, what is it you have against vaccines? Or weren't you vaccinated when you were young? And for the record, not being vaccinated can cause very serious health complications. You are spewing trash. Which is why he wanted to remove it in 2012, and which I why I backed him then. INFACT.....the SUREP programme is a good argument for removing fuel subsidy...the savings from the partial removal were enough to fund a lot of things. Imagine if subsidy had been removed completely Buhari with lower crude prices and increase in pump price (which he claimed was due to subsidy removal) was still paying subsidy under the table. Because if he removed it, there would have been riots, protests, and he would have been overthrown in due course. It would have been worse under GEJ's regime, because of the perception that we had the money to pay subsidies (we did not, and that was why it had to go. But most Nigerians said no). Note that the APC government as I said lied when they said they removed subsidy. If they removed it, the control of prices would have passed into the hands of the marketers, not the government. All the money for subsidy would have gone to the government treasury. And as a result , fuel would be as high as N300 initially.. That's how much it costs in many of our neighbors who don't pay subsides. (And for the record, that's how things should be.) At the same time, there would have been increased investments and so on....and eventually, fuel prices would have fallen down. Me, I wanted GEJ to remove subsidy totally so that the money saved could be used for more projects. Maybe more universities, and so on...plus investment would have flowed in drastically. |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by efighter: 6:17pm On Apr 09, 2020 |
Tetrahedron: Even borrowing to embezzle. Is it Goatluck Jonaddaft that will report that imPatience Jonathan the cantankerous megalomaniac narcist was stealing our money? 1 Like
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Re: Goodluck Jonathan Needs To Answer This 9 Questions by DanHaske: 6:20pm On Apr 09, 2020 |
haba |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by Nobody: 6:24pm On Apr 09, 2020 |
efighter: N.b I am not here to defend GEJ or to call Buhari a great man But the borrowing under GEJ is very easily explained if we take these two assumptions 1.Oil prices under GEJ were between $75-130 per barrel until 2014, when they began to crash. 2.To keep PMS prices low, we were paying high amounts for fuel subsidies. 3.Our breakeven price...the price at which we need oil to be to earn enough revenue to balance the budget ...was $120 in 2012 (by 2017 it was $139) per barrel Between reasons 1-3 , you would see why GEJ was borrowing. It even got worse when the oil prices started crashing in 2014. All in all, products of a monoeconomy. Yes, he should have diversified...same as Buhari. But the thing is, diversificaiton is not a one day job |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by DanHaske: 6:27pm On Apr 09, 2020 |
amc:You forgot the part that soldiers were sent to kill protesting students of Nassarawa university. https://newsexpressngr.com/news/1104-They-came-from-nowhere-and-opened-fire-on-us-How-soldiers-killed-4-Nasarawa-State-University-students-school-shut Also, I would have added that Murtala Nyako did not do up to 10% of what Fayose did to Buhari but the gentle Oga Jona removed him |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by Melezenawii: 6:33pm On Apr 09, 2020 |
Jonathan Govt was the worst in the history of Nigeria in term of Press Freedom 1 Like
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Re: Goodluck Jonathan Needs To Answer This 9 Questions by Melezenawii: 6:38pm On Apr 09, 2020 |
Jonathan Govt invaded Opposition Data Centre...this is similar to what led to downfall of Richard Nixon https://www.premiumtimesng.com/news/headlines/171770-why-we-invaded-apc-data-centre-in-lagos-sss.html
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Re: Goodluck Jonathan Needs To Answer This 9 Questions by Melezenawii: 7:17pm On Apr 09, 2020 |
efighter: |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by igwe699(m): 8:16pm On Apr 09, 2020 |
Nice president |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by JAMO84: 8:33pm On Apr 09, 2020 |
ODB2:Jonathan's subsidy was the most fraudulent in the World. Dude claimed to be paying billions in subsidies, yet, we had fuel scarcity every six months. Buhari also pay subsidies, but the difference is, we haven't had a single scarcity of PMS in the last three years!!! I AM DONE TALKING |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by ODB2: 8:42pm On Apr 09, 2020 |
JAMO84: olodo, can you compare fuel consumption levels and demand during GEJ to now. How many people fill their tanks up these days You should understand that Buhari is claiming a 50 million litre per day demand When challenged on this figure they claimed it was being diverted to neighboring countries. Fact remains that Nigerians had money in their pockets and could readily afford the fuel at 87 naira. The huge demand led to higher subsidy payments. Unlike what you have now with the bogus lie of 50 million per day which the GMD NNPC claimed was being diverted. Was there no diversion during GEJ's time as well when you consider that our fuel was far cheaper (owing to real subsidy) to that of neighboring countries The fact remains that the Buhari govt is maintaining same consumption rates despite obvious fall in demand owing to higher prices and lowered purchasing power of Nigerians and at the same time still claiming to be paying subsidies. WHO IS FOOLING WHO ZOMBIE! |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by JAMO84: 9:02pm On Apr 09, 2020 |
ODB2:Save me all these bull craps you are labouring in vain to string together. All I know is, Jonathan's subsidies did not guarantee fuel in our gas stations. Most fuel imports were fictitious. They tried it with Buhari initially but he cut them to size by making NNPC sole importer of PMS in this country. Jonathan's worst mistake was paying billions in subsidies to every Tom, Dick and Harry. They even used some of the subsidy windfalls to sponsor Boko haram and eventually brought down his government!!! I AM DONE TALKING |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by Wiseandtrue(f): 9:26pm On Apr 09, 2020 |
GEJ was really a patient man |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by Halopy: 9:56pm On Apr 09, 2020 |
You that have 'long' memory or rather ancient of ages, all what you cited only shows police actions against opposition party. Can you show we young ones anywhere police shot at protesters? Can you show us where soldiers committed genocide against a tribe I'm the name of any dance?, Can you show us where GEJ brazenly disregarded rule of law and made mockery of our Judicial system? Can you please show us where GEJ supported his kinsmen to spill innocent blood of millions of Nigerians or show us where GEJ rehabilitated terrorist s with law abiding tax payers money? We are waiting for your response Mr historian, ancient of days. amc: |
Re: Goodluck Jonathan Needs To Answer This 9 Questions by richeso: 10:00pm On Apr 09, 2020 |
amc:all you mentioned are parts of APC bullsh1t. GEJ is a true leader. No matter how hard you people try to kill his image. |
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