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tolu ogunlesi @toluogunlesi
, 6 tweets, 2 min read Read on Twitter
This N800 billion debt - are you aware the @MBuhari Govt inherited it from the GEJ era?

Are you aware it was even more than this, Buhari has paid some already?

You should really check these things before tweeting. Otherwise you’ll end up making yourselves look bad.

“AT THE INCEPTION OF THE CURRENT ADMINISTRATION, marketers engaged the Govt with the view to secure approval for all OUTSTANDING subsidy-induced debts HANDED OVER TO THE CURRENT ADMINISTRATION... the CURRENT ADMINISTRATION PAID PART of the debts...”…
A major problem for me is that the media doesn’t even try to help clarify these issues in any way. Most of the reporting you read is ‘he said she said’. Very little of ‘these are the known and verified facts of the matter’

It’s largely sensational headlines based on ‘claims’
Look at the matter of the $1bn approved by NEC for the insurgency. Everyone runs with the story of ‘Ah the money has been squandered’ - when in fact it hasn’t even been released/paid (apart from the ~$500m paid directly to the US Govt for Super Tucanos).
What’s the point of Media if it’s simply to be a mouthpiece/amplifier for any and every thing any and every one says?
One more thing: This money owed marketers by GEJ Admin wasn’t the only oil industry debt PMB inherited.

There was also a US$6.8 BILLION in JV Cash Calls OWED IOCs

Current Admin:
- Renegotiated it to $5.1bn
- Prepared Payment Plan
- Committed to meeting current CC obligations
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