expertfingers:


That was not excuse. That was proper analysis of the
situation on ground. Anybody taking a new job has to do that.

Why is he telling us? It's called accountability.

Indeed. Yet you have to accept that many here are cavemen, unexposed to the right way of doing things, thus you need to excuse them.

"Nigeria, Africa's largest economy, is projected to expand 4.9 percent this year, according to the Bloomberg survey. ". http://www.bloomberg.com/news/articles/2015-02-25/the-20-fastest-growing-economies-this-year

According to "Bloomberg business" Nigeria is no 6 in the world ranking...so prof Osinbande stop making excuses

felifeli:

Bros talk am for Yooba

Only if you can spell it right.

felifeli:

Bros talk am for Yooba

Only if you can spell it right.

nerodenero:
Dem no dey tell blind man say rain dey fall. Buhari and Osinbajo knows this.

We get power to hire and fire. After 4years, we go evaluate.

After four years you will know you can not hire and fire a northerner any how. It can only be done to a southerner and westerner. Simple.

This $60b figure is piffling compared to Nigeria's GDP. If Nigeria's GDP is $500b, that barely 12% of GDP. America's debt ratio is nearing 100%. Japan's is 200%.

Most EU countries, its over 60%.

12% is fantastic.

Whats worrisome is the debt servicing cost. At 21% of the budget, thats quite a bit. Japan's is 20%.

Though Japan's debt is 200% of GDP, Japan's government borrows at 1% interest rate while Nigeria's borrows at over 12%(I am not sure of the exact figure but its probably even higher)

If the borrowing cost can be reduced to 5 or 6%, servicing may fall to about 10% of the budget which is more manageable.

Hahahahahahahaahahahah no excuse for service delivery failure.

pazienza:
Liar! You are inheriting Africa's biggest economy!

The number of likeness for this very clueless statement,indicates the level of ignorance of most Nigerians,powered by the high level of deceit and wicked propaganda of PDP government.

No singular government can claim the credit for the size of an economy,but a government can claim the credit for the quality of an economy(economic development).

Economic growth is a function of the population of a country and the resultant high traffic of economic activities,it has little to do with any deliberate economic wizardry of a government.

Economic development is very much preferable to economic size.Nigeria's economy may be the biggest,but it is definitely not better than that of South Africa.

Major indicators of economic development include,but are not limited to:

1.Per Capita Income =GDP/Total Population (Economic size only considers GDP)
2.Interest rate
3.Rate of inflation
4.Standard of living
5.Level of literacy
6.Purchasing power of citizenry
7.Currency exchange rate
8.Poverty rate
9.Level of infrastructure
10.Social security
11.Public debt profile

ETC.


Now based on the following indicators,how would you rate the economy of Nigeria under 16 years of pDP government?

lilflipnerd:
He has already set us on the part of perfection by giving us Muhammadu Buhari

No man can give perfection my guy

Pastor, keep lying.

ShowYourCertificate:
Osinbajo is just giving us reasons why they will fail in government

I just dey laugh

#BabaOneChance
#OsinbajoOneChance

Changii

Nigerians have been duped!

[size=28pt]Baba Osinbajo, it is too early in the morning to complain. We already know things were bad that is why PDP was not re-elected.

Now if you discover you are not capable, PLEASE

"RETURN YOUR CERTIFICATE OF RETURNS TO INEC IF YOU CANNOT PROCEED"[/size]

Hishowlau:

He is talking sense

where?

So b4 u accept to b vice and all dat time way Ana de campaign de beg for votes 4rm state to state u forget to do statistics say tinz for d country bad abi make u no provoke mi o

Oooh we've heard and thats why you were voted into power!!!

dunkem21:
Talks, talks and more talks ..Fix the economy and quit this blame game.

So the economy is like a bicycle that can be fixed quickly?

dudkko:
So the economy is like a bicycle that can be fixed quickly?

But they told us they are magicians ..or ain't they?

It's becoming clear that the incoming government are ill prepared for the challenges that comes with governing this great nation. This was clearly obvious during the election campaign where their so called manifesto was void of anything meaningful (i still cant stop laughing at Pastor Osibanjo's proposed reforms in the power sector), yet a considerable number of Nigerians bought up all of APC's propaganda and voted out the better man. All along, their sole purpose was grabbing power. Now that theyve got it, all we hear are excuses upon excuses upon more excuses. This is totally unlike the GEJ's administration were the president hardly offered excuses, yet OUTPERFORMED his predecessors.

So dear Nigerians, welcome to the #OneChance bus.

Gbawe:


Indeed. Yet you have to accept that many here are cavemen, unexposed to the right way of doing things, thus you need to excuse them.

sagacious one! Always thinking that he knows bera than others. Writing in queen's english can not save you! Cavemen or no cavemen! Their opinion is sacrosanct and its inalienable.

Oya just start from somewhere....


It a just that should be started with just a step... not just a step but a bold step sir

toshmann:


Yes. From 1976. Im not stack

Starting with Obasanjo

good!

sammhi:


its easy to c all DAT is wrong..world economies are at low ebb...
wat GEJ did was to put more money into hands of people...increase minimum wage from 7,500 to 18,000 in 2010 is more than doubling your expenses...u forgot DAT
paying for petrol subsidies, fighting BH , massive road rehabilitation, remodelling of airport,
den 40% reduction in your revenue will have impact. ...you can't escape DAT...dats wat you are feeling now..

better!

olaric:
Spare us the sermon; after all that's why we voted out GEJ and his clueless team. Don't start your term in office with excuses.

you voted for change? If I hear....e no go better for jonathan nd is crew for doing dis to nigerians

I'm not surprised it's coming from Osinbajo who thinks theory and practical are same. Anyway he has turned himself to an alarmists, it has always being the style of APC right from its formation. Expect more alarm and reasons why they wouldn't be able to change nothing. God help Nigeria.

crixtex:

No man can give perfection my guy

I said part... like heading towards..

There is rily nothing the incoming government can do to the already shaky economy

ShowYourCertificate:
Osinbajo is just giving us reasons why they will fail in government

I just dey laugh

#BabaOneChance
#OsinbajoOneChance

you are an enemy of the nation...

understatement,you guys knew this before we voted u in,infact that is your major campaign,no excuse.

Mogidi:
[size=14pt]The economy you're inheriting.[/size]




www.nairaland.com/attachments/2431135_do11_jpeg3627aa4a1fb0d86111050c069fc7b2b7



www.nairaland.com/attachments/2431134_aa223344_png07b531b7248011c82a26816c1ca00536

Are u talking about Iweala's paper economy?

Every new Nigerian Government have one thing in common. Complaints and accusations on the government they are taking over from. Just consider this:

1. Ironsi and team inherited a fragmented nation after the first coup. The coup was hinged on corruption allegations on the politicians.

2. Gowon and co were no better. They accused the Ironsi government of nepotism, tribalism, division, etc

3. Mulrtala/Obasanjo regime overthrew Gowon on account of corruption, incompetence, lack of vision, no plan to return the nation to democracy.

4. Shagari and co accused the military of pillaging the economy. The case of missing $2.8biilion comes to mind.

5. Buhari accused the politicians of destroying the economy. The regime three about 90% of the politicians into prison.
Buhari regim was overthrown for high handedness and for running the economy aground by IBB. The days of counter-trade comes to mind.

6. IBB - Abacha, destroyed the economy was the song of the OBJ administration from 1999 to 2007. Thereafter, they resorted to vocabulary like "nascent democracy". For eight years PDP blamed their failure on the military they took over from.

7. Yaradua and GEJ register had noone to blame since they are from same PDP as the Obj regime. However, they had Niger-Delta militants to contend with initially. No sooner have they sorted out the Niger-Delta crisis, then came Boko Haram. An ordinarily police action against a rag-tag militant group soon snowballed into a full scale war. Thus is still ongoing. As it is today, Buhari will inherit the crisis.

8.Buhari administration has followed up with the same old story of blaming past regime. It remained a vicious Nigerian phenomenon of anticipating failure.

Truth is that APC and Buhari knew that a mono-product economy nation saddled with prosecuting a five year war, falling oil prices, oil thieves, corruption, pipeline vandalism and highly unproductive population cannot expect to have anything other than debts. I am not sure Osinbajo was expecting anything else. If he was, then he was never prepared for the job. He and his boss have an option now to either throw in the towel or wake up and smell the coffee.

All Buhari promises must be fulfilled. Noone forced them to promise a UTOPIA nation. All I can say to them is "GOODLUCK".

Shebi you want CHANGE?
PDP don sell market finish carry CHANGE give una na!!!!

Oya! Begin quench with PROBE!
Muchechecheche