You have to be extremely foolish not to understand what ECA means, if you cannot analyse the ECA balance, inflows and outflows from 2004 - 2015.
Consider the balance in 2016, oil prices from 2016 - 2019, outflows from 2016 - 2019
$1.76bn paris refund to states
Consider the balance in 2016, oil prices from 2016 - 2019, outflows from 2016 - 2019
$1.76bn paris refund to states
- $1.76bn Paris refund to states to pay salaries
- $496m paid directly to the US govt for Super Tucano jets
- $233m UBEC matching grants for states to push basic education
- $76bn for Nigeria Sovereign Investment Authority i.e funds for 2nd Niger bridge & Lag / Ibadan exp
- $496m paid directly to the US govt for Super Tucano jets
- $233m UBEC matching grants for states to push basic education
- $76bn for Nigeria Sovereign Investment Authority i.e funds for 2nd Niger bridge & Lag / Ibadan exp
$380.51m - procurement of critical equipment for the Nigerian Army, Navy and Defence Intelligence Agency.
Now tell us what the $25bn left in the account in 2009 was used for and how it was depleted to $2bn in 2015, when Nigeria had the highest oil prices ever.
Now tell us what the $25bn left in the account in 2009 was used for and how it was depleted to $2bn in 2015, when Nigeria had the highest oil prices ever.
No infrastructure, borrowed to pay salaries, owed debts to contractors, owed pensioners, owed subsidy payment still stole money meant for arms.
At a time Nigeria made over $50 for each barrel of oil sold and we averaged 1.5m barrels daily.
Some of you should be flogged! Idiots
At a time Nigeria made over $50 for each barrel of oil sold and we averaged 1.5m barrels daily.
Some of you should be flogged! Idiots
Factor the balance as at 2015 when Buhari came in, consider the outflows then analyse the oil prices / oil production so you can have an idea of the inflow into the account.
A lot of people here lack the ability to think critically.
A lot of people here lack the ability to think critically.
