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Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo - Politics (5) - Nairaland 2e6i5q

Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo (12449 Views)

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MrSly(m): 8:49am On Oct 26, 2024
9jatriot:
Obaasanjo try sha, I wonder if his third term bid would have been such a bad thing after all.

But his choice of successor was abysmal to say the least. Yar'a Dua practically reversed many of the things Obj ha set in motion. He reversed the sale of the refinery to Dangotte and then set the power sector backwards forever.

To be popular he reversed the increment in petrol, of course short sighted people still hail him for that till today but in hindsight, it was a wrong move.

Then I do not even want to mention Jonathan, that one squandered the resources of the country.
Long sighted man that is hailing Tinubu for his reckless policies how far so far?

1 Like

OALandAgents: 8:50am On Oct 26, 2024
Obasanjo is a liar he was the president to welcomed World Bank and IMF loan peddlers and back into the country after Abacha had chased them away.
How can you have $70bn and still be inviting loans and have $70bn and fail to build any notable infrastructure in 8 years tenure.

Obasanjo was an unmitigated failure!
MrSly(m): 8:51am On Oct 26, 2024
Svoboda:
Objs 8 years was of no significant value. No single meaningful infrastructure apart from the white elephant national stadium that was built at a ridiculously inflated cost. No roads and schs built. No hospitals built.
Once hailed a renovated national theatre few minutes ago, another white elephant project. Nigerians are not ready yet for good governance and that is why these rubbish politicians would always manipulate una.

1 Like

Global2000: 9:14am On Oct 26, 2024
What happened after 12yrs still the blame game. Tinubu should simply it that he is not capable. We thought Buhari is a disaster. But no Tinubu is a catastrophe.
ALTERNATEID:


Jonathan met an Excess crude of over $20billion and external reserve of $45billion. He squandered every single kobo despite crude oil selling at over $100 all through his tenure. Today, folks like you with short memories are trying to tell us how Jonathan was a better president than those that came after him. Good will judge all of us on this country.

2 Likes

coleon(m): 9:37am On Oct 26, 2024
Vision101:

Yes OBJ saved and obtained debt forgiveness but there was no infrastructure. Total decay of infrastructure under him. What is the sense in saving without investment in infrastructure that will develop your economy.

His privatisation was a mess under atiku. Billions of dollars were invested in power without results. That's the genesis of our energy problem of today. He didn't make efforts to either bring the refineries back to life or encourage private sector investment.

Then the worst was the regimes that took over from him. Jonathan squandered everything. OBJ was so upset 😭 against Jonathan that he had to openly buhari.

Then buhari..... another story. Many had confidence in him including myself. We trusted him to be frugal and have the ability to tame corruption but he disappointed.

The problem of OBJ is that he thinks too highly of himself. He believes that he is the best leader that Nigeria will ever have.
And he's right, of course OBj is by far the best leader Nigeria has ever had since we started democracy in 1999. Objs record is unmatched in all areas of our national life.
He revolutionalized telecoms in Nigeria, infact you are using your phone to type this rubbish today because of OBj, he left office with Zero debt while the present looters we have today has taken our debt to over 100 Trillion , inflation was single digits all through OBjs tenure while today Nigerias inflation is over 100 percent. OBj assembled the best brains and technocrats but today appointments is all about political patronage and not merits.Obj fought corruption and not caring whose Ox is gored, I recall Tafa Balogun and many high profile corrupt officers going to jail in his time.
So OBj has the bragging right abeg, he's the best we have had so far when you compare it to the incompetent buffons like Jonathan,Buhari and now the incompetent druglord we have in aso rock today.

1 Like

idealogical: 9:38am On Oct 26, 2024
Kukutente23:

Oh so you're actually referring to 1979 as one of his sins
Well, the problem with folks like you is he listed what he achieved between 1999-2007 and you're here ranting about 1979. That's strange not so.
You totally missed what he was saying


Operation Feed the Nation was in 1976, not 1979, and if you have a list of his achievements, why not make yourself useful by listing them?

You also lack basic knowledge regarding the subject matter, but nothing stops you from reading and educating yourself before you open your mouth.

So, if he looted in 1976, it doesn't matter, and we shouldn't talk about it. We should only be concerned about 1999 to 2007.

Something is seriously wrong with your crooked and corrupt brain.
LZAA: 9:43am On Oct 26, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I Dansuki
I Stella Oduah bullet proof cars

Ngozi Okonjo couldnt for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
You Apcheat minions are really dum.b
Really you lot defy logic
grin grin grin
frankson1(m): 11:09am On Oct 26, 2024
Smithkafors:
When they are busy electing illiterates and corrupt entities calling it wisdom.

Which educated person will go and queue to vote Buhari and Tinubu if no tribalism. We are learning the hard way now.



Was it Tinubu or Buhari that took over from Obj undecided

Obj should also tell Nigerians how much millions of dollars he took along with him.
frankson1(m): 11:13am On Oct 26, 2024
HighChiefZino:
Anyone who criticizes GEJ can go ahead and do so. I wonder how much one could be paid to play the tribal card for these heartless politicians. What were the prices of rice and fuel, and what was the exchange rate when GEJ was in power?

It will never go well for anyone ing the evil APC, both in this life and the next, all for a bowl of porridge, while so many are suffering and dying in this country.

That said, I hold GEJ responsible for allowing them to rig him out in the 2015 election, despite the evidence against that corrupt party. Without that, this evil party would not have thrived.
My heart goes out to anyone struggling to find something to eat or to feed the family, hold tight. There's still hope.



How much did GEJ add to the billions of dollars obj said he left??
yussybenayu: 12:27pm On Oct 26, 2024
Svoboda:
Objs 8 years was of no significant value. No single meaningful infrastructure apart from the white elephant national stadium that was built at a ridiculously inflated cost. No roads and schs built. No hospitals built.
What are you saying? Ask Google first before showing your ignorance here
Johncuppa(m): 1:02pm On Oct 26, 2024
Bomnaija:
How ashamed I feel about humanity, it is very sad to see that in such a tragic moment for the world and with so much difficulty that we are experiencing right now, you waste your time reading my comment.
You're meant for Facebook.
Who told you about nairaland?
Indelibleage: 1:37pm On Oct 26, 2024
Svoboda:
Objs 8 years was of no significant value. No single meaningful infrastructure apart from the white elephant national stadium that was built at a ridiculously inflated cost. No roads and schs built. No hospitals built.

During President Olusegun Obasanjo's istration (1999–2007), several large-scale healthcare projects were undertaken across Nigeria, focusing on expanding and improving healthcare infrastructure. Key projects included:

1. National Hospital Abuja - Although initially opened in 1999, substantial upgrades and expansions took place during Obasanjo's istration, aiming to make it a major tertiary referral center.


2. Federal Medical Centers (FMCs) - Several existing FMCs were expanded, and new ones were constructed in states without tertiary hospitals. This helped to decentralize healthcare and bring more advanced medical services to different regions.


3. Teaching Hospital Upgrades - Significant investments were made in upgrading existing teaching hospitals (such as those in Ibadan, Lagos, and Enugu) to improve capacity and quality of care in medical training institutions.


4. Primary Health Care Centers - A nationwide push for primary healthcare centers was also a priority, aiming to make basic healthcare accessible at the grassroots level, though this was on a smaller scale compared to major hospitals.

The project for the permanent site of Jos University Teaching Hospital (JUTH) in Lamingo was initiated during President Olusegun Obasanjo's istration in Nigeria, which spanned from 1999 to 2007. It was commissioned in 2007.



These efforts were part of the government's National Health Policy, which aimed to improve healthcare delivery across all levels in Nigeria.
Indelibleage: 1:38pm On Oct 26, 2024
OALandAgents:
Obasanjo is a liar he was the president to welcomed World Bank and IMF loan peddlers and back into the country after Abacha had chased them away.
How can you have $70bn and still be inviting loans and have $70bn and fail to build any notable infrastructure in 8 years tenure.

Obasanjo was an unmitigated failure!

Check your records please!
ElSudani: 1:55pm On Oct 26, 2024
gidgiddy:
We Igbos have watched the rest of Nigeria wreck Nigeria for the almost 60 years

The only thing we wonder is how God gave you guys such an incredible talent of wrecking things?

You Igbos were the greatest ers of Jonathan who squandered a promising economy, gave someone a billion dollars to facilitate his reelection and set in motion the borrowing spree that continued until Buhari.
Tinubu inherited a completely ruined economy.
gidgiddy: 2:40pm On Oct 26, 2024
ElSudani:


You Igbos were the greatest ers of Jonathan who squandered a promising economy, gave someone a billion dollars to facilitate his reelection and set in motion the borrowing spree that continued until Buhari.
Tinubu inherited a completely ruined economy.

Jonathan was not Igbo, matter how Igbos ed him. I bought a bag of at N7000 during his time, now I can't buy the same bag of rice for 10 times that amount

For 60 years, none Igbos have rule Nigeria and totally messed it up to shocking standards
ElSudani: 2:45pm On Oct 26, 2024
gidgiddy:


Jonathan was not Igbo, matter how Igbos ed him. I bought a bag of at N7000 during his time, now I can't buy the same bag of rice for 10 times that amount

For 60 years, none Igbos have rule Nigeria and totally messed it up to shocking standards

You bought a bag of whatever for N7000 but without consulting you he borrowed billions of dollars on your behalf. You may not be able to make the connection but you are simply paying back with high prices what he borrowed in your name.
MountHoreb: 3:06pm On Oct 26, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I Dansuki
I Stella Oduah bullet proof cars

Ngozi Okonjo couldnt for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history

But you refused to crucify the rogues called governors that took the federal government to court to shear the Excess Crude money during gej era where ngozi okonjo iweala and Peter Obi were telling them to save? You are been clever by half.
BigIyanga: 5:20pm On Oct 26, 2024
In May 2015, our external debt was $10bn when GEJ left office.
In 2024: our external debt is $50bn. So GMB and BAT have added $40bn to the national debt 400%… but their minions are still blaming GEJ. They inherited $450bn economy and ran it down to $230bn
Alaska5050(m): 5:47pm On Oct 26, 2024
flyinnizam:
what can 2k buy for u?

I thought u wanted to help?
idealogical: 6:22pm On Oct 26, 2024
Another OBJ looting scandal.

1 Like

Okortor: 8:12pm On Oct 26, 2024
As a paid online miscreants u re...what proof do you have to assert ur claims?
muykem:
You people are the most tribalisitic in Nigeria. Can you imagine leaving out GEJ that squander the money and jump to Buhari and Tinubu.
PropertyOffers(f): 8:17pm On Oct 26, 2024
What a postulation! 🤔
Tokskob2008:
Every other president after OBJ were all calamity with the exception of no one but this present one is just too much over calamity
OALandAgents: 8:29pm On Oct 26, 2024
The same Obasanjo gave away Natural Resource rich Bakassi Peninsula to Cameroon for free.
Made $16n disappearing the name of providing us light but only provided more darkness.
Gave away our $1Trillion (dollars ooo!) oil block Malabu to a couple of foreign oil companies.
Mismanaged and finally liquidated our national carrier Nigeria Airways.
I could go on and on!

If you ask his er what he achieved in his 8 years tenure they would struggle to tell you some would say he brought GSM to Nigeria
cheesy cheesy , which is as ridiculous as saying Deneral Buhari brought the personal Computer to Nigeria. cheesy grin cheesy grin
MrSly:

Once hailed a renovated national theatre few minutes ago, another white elephant project. Nigerians are not ready yet for good governance and that is why these rubbish politicians would always manipulate una.
OALandAgents: 8:43pm On Oct 26, 2024
The same GEJ that was so incompetent he handed over an empty treasury to Buhari with nothing to show for what he spent the money on and he couldn't even pay for his essential obligations , to the extent Buhari had to bail out about 30 states just to allow them to pay salaries.

Same GEJ that could not fund the military adequately, and allowing BokoHaram to be setting off bombs in Abuja and Chad troops to moving around free in the our North East territory in the name of assisting us fight Boko Haram.

Tinubu is a colossal disaster - still unfolding , so was Obasanjo but GEJ can by no means be described as anything other than disastrous failure.
BigIyanga:
In May 2015, our external debt was $10bn when GEJ left office.
In 2024: our external debt is $50bn. So GMB and BAT have added $40bn to the national debt 400%… but their minions are still blaming GEJ. They inherited $450bn economy and ran it down to $230bn
BigIyanga: 12:41am On Oct 27, 2024
OALandAgents:
The same GEJ that was so incompetent he handed over an empty treasury to Buhari with nothing to show for what he spent the money on and he couldn't even pay for his essential obligations , to the extent Buhari had to bail out about 30 states just to allow them to pay salaries.

Same GEJ that could not fund the military adequately, and allowing BokoHaram to be setting off bombs in Abuja and Chad troops to moving around free in the our North East territory in the name of assisting us fight Boko Haram.

Tinubu is a colossal disaster - still unfolding , so was Obasanjo but GEJ can by no means be described as anything other than disastrous failure.
Your feelings are not facts. External debt stood at $10bn when GEJ left office. External Reserves stood $32bn. GDP was $450 with 7% annual growth. GMB came in and exploded the extenetnak debt by $30+bn… then printed more money by CBN via Ways and Means.. GMB Ran Naija down… and BAT is following his footsteps
OALandAgents: 2:13am On Oct 27, 2024
You are not telling the truth. Nigeria debt was far higher than $10bn when GEJ handed over to Buhari
BigIyanga:

Your feelings are not facts. External debt stood at $10bn when GEJ left office. External Reserves stood $32bn. GDP was $450 with 7% annual growth. GMB came in and exploded the extenetnak debt by $30+bn… then printed more money by CBN via Ways and Means.. GMB Ran Naija down… and BAT is following his footsteps
BigIyanga: 4:22am On Oct 27, 2024
OALandAgents:
You are not telling the truth. Nigeria debt was far higher than $10bn when GEJ handed over to Buhari

Feelings arent facts. Show us your facts.

https://saharareporters.com/2022/10/25/nigerias-external-debt-hits-40billion-under-buhari-government-10billion-2015

adenigga(m): 5:42am On Oct 27, 2024
coleon:

And he's right, of course OBj is by far the best leader Nigeria has ever had since we started democracy in 1999. Objs record is unmatched in all areas of our national life.
He revolutionalized telecoms in Nigeria, infact you are using your phone to type this rubbish today because of OBj, he left office with Zero debt while the present looters we have today has taken our debt to over 100 Trillion , inflation was single digits all through OBjs tenure while today Nigerias inflation is over 100 percent. OBj assembled the best brains and technocrats but today appointments is all about political patronage and not merits.Obj fought corruption and not caring whose Ox is gored, I recall Tafa Balogun and many high profile corrupt officers going to jail in his time.
So OBj has the bragging right abeg, he's the best we have had so far when you compare it to the incompetent buffons like Jonathan,Buhari and now the incompetent druglord we have in aso rock today.
For this comment.........

Caseless: 6:27am On Oct 27, 2024
Jonathan started it. Buhari's hands were tied, he went overdrive with loan with nothing to show for - especially the ways and means they resorted to thereby causing inflation that we're currently fighting.


Excess crude ? Blame Amaechi for why it was shared or "frittered" away.
muykem: 6:30am On Oct 27, 2024
MrSly:

You must be the most tribalistic person to rate GEJ alongside Buhari and Tinubu. GEJ may not have governed perfectly but Buhari and Tinubu are calamities.
You are sounding very illogical. The issue is that OBJ said he left 70b dollars in Nigeria reserve but GEJ handover 28.5b dollars to Buhari,
muykem: 6:33am On Oct 27, 2024
Okortor:
As a paid online miscreants u re...what proof do you have to assert ur claims?
Please use your brain. GEJ inherented 70b dollars from OBJ and handover 28.5b dollars to Buhari, that's the bone of contention.
BigIyanga: 6:40am On Oct 27, 2024
muykem:
Please use your brain. GEJ inherented 70b dollars from OBJ and handover 28.5b dollars to Buhari, that's the bone of contention.
You guys have refused to unlearn rumours and bad history. ECA was not part of foreign reserves and not inherited. Naija govs got 55% of that money when it wss shared. ECA was declared illegal by supreme court

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