$30B OIL RESERVES: OBY EZEKWESILI RIDICULES EX-MINISTER’S CLAIM

Kola Popson

The former Nigerian Minister of Education, Mrs. Oby Ezekwesili has ridiculed the claim by the immediate past Minister of Dr. Goodluck Jonathan led government, that their government left $30 billion in the national treasury, by taking time to shed more light on the subject matter on her twitter handles.

It would be recalled that Oby Ezekwesili was a World Bank Vice-President.

Her tweets on the matter denote that the immediate past minister knows little about Oil Reserves.

Below are some of her tweets on the subject matter.

 

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  Oby Ezekwesili ‏@obyezeks 3h3 hours ago

  It is the BALANCE of whatever Oil Revenue Dollars, FG did not “sell” to CBN to get Naira that it SAVES as ECA and right now it is $2B only.

  41 retweets 10 favorites

 

 

• Oby Ezekwesili ‏@obyezeks 3h3 hours ago

  When FG earns Oil Revenue Dollars it MAY NOT immediately hand over EVERYTHING to CBN to give FG Naira value. Such Balance is SAVINGS-ECA.

  48 retweets 8 favorites

 

 

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  Oby Ezekwesili ‏@obyezeks 3h3 hours ago

  The $30 Billion is CBN’s Dollar Reserves and should FG ever ask for any part of it again, it will result in double dipping &PRINTING MONEY.

  76 retweets 12 favorites

 

 

• Oby Ezekwesili ‏@obyezeks 3h3 hours ago

  FG earns Oil Revenue Dollars but spends in Naira. So it hands the dollars it earns to its Banker- CBN which then gives FG Naira for BUDGETS.

  79 retweets 11 favorites

 

 

• Oby Ezekwesili ‏@obyezeks 3h3 hours ago

  Who’s this ex-Minister that doesn’t know $30Billion CBN Reserve IS NO LONGER AVAILABLE to FG cos it ALREADY collected & SPENT it as Naira?

  196 retweets 35 favorites