JONATHAN--THE LOCUST PRESIDENT See how Jonathan vandalizes the - TopicsExpress

JONATHAN--THE LOCUST PRESIDENT See how Jonathan vandalizes the National Treasury with impunity. President OBASANJO--1999-2007 (8 years in office) 1. Generated Excess Crude Reserve (oil savings for the rainy day) --$25 billion 2. Accumulated External Reserves-- $40 billion 3. Paid off Foreign Debts - $38 billion (by 2007 foreign debt was almost zero dollars) 4. Petroleum subsidy N151 billion (2006) N188 billion (2007) @N70 per litre President YARADUA-- 2007 -2009 (2 years in office) 1. Raised External Reserves from $40 billion to $60 billion (an increase of $20 billion in two years). 2. Increased the Excess Crude from $25 billion to $35 billion (an increase of $10 billions in two years). 3. Petroleum Subsidy N256 billion (2008) N300 billion (2009) @N65 per litre President JONATHAN-- 2009 to 2014 (6 years in office) 1. DEPLETED EXTERNAL RESERVES $30 billion FROM $60 billion (technically Jonathan squandered 2. Excess Crude Reserve-ALL THE $35 BILLION SQUANDERED BY JONATHAN. Nothing is left in the Account. 3. SPENT ALL THE $65 Billion generated from oil exports in the last 6 years. NOTHING IS SAVED. Now that the price of oil is fast crashing we have nothing to fall back on. 4. Petroleum Subsidy N673 billion (2010) N2.19 Trillion (2011) @N65 per litre N1.049 Trillion (2012) @N97 per litre N979.1 billion (2013), SURE-P N273.5 billion N979.1 billion (2014), SURE-P N274 billion Note within one year petroleum subsidy increased by 6 fold. More than 90% of it stolen! Hence the high number of private jets owners in the last three years. 5. $20 Billion MIssing and unaccounted for NNPC proceeds of oil sales that should have gone to the Federation Account. 6. $30 billion unaccounted Excess Crude proceeds based on the difference between budget benchmark price and prevailing international price of oil multiplied by the total volume of crude oil exports in the past 6 years. NIGERIANS MUST CALL ON JONATHAN TO ACCOUNT FOR ALL THESE PUBLIC RESOURCES HE SQUANDERED WITHOUT GIVING A DAMN AND INSTITUTING A REIGN OF ECONOMIC IMPUNITY. NIGERIANS MUST USE THEIR VOTES IN FEBUHARI 2015 TO THROW OUT THIS VISIONLESS JONATHAN GOVERNMENT THAT DOES NOT GIVE A HOOT ABOUT THE LONG TERM ECONOMIC SECURITY AND WELFARE OF NIGERIAN AND NIGERIANS

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