Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by Rawani: 5:35pm On Sep 11, 2015 |
hinwazaka:
That's what Buhari and his finance minister told us in 84 about SAP. It was not until our economy crashed and we could no longer handle the depression, that IBB kicked him out and implemented a poorly altered form of the programme. As I said both you and the OP know nothing about economics. You and him just search the web and put out here disjointed views of some school of thought. You have neither said anything of scholastic value, nor countered my explanation or any of the OP's points so far with substance. Conjectures and anecdotes won't cut it. All up there is hot air. 2 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by Nobody: 5:36pm On Sep 11, 2015 |
You worked in the bank in the past five years that GEJ was president, you had no issues with your job. Instead, you received promotions and increased salary packages. You were happy.
However, in those five years, you committed a lot of energy calling President GEJ "clueless". You and your friends resolved to vote him out on the election day.
When the d-day finally came, you all voted out GEJ, not minding who was going to replace him since, according to you, a "NEPA bill certificate" would be far more efficient than GEJ.
In fact you even preferred a goat to GEJ.
Finally, you got your wish and GEJ is out and the body language president came in.
Three months later, your bank fires you due to the Stone Age economic policies of the body language regime.
Now that you're jobless, you are looking for GEJ to blame but he is gone.
LESSON: MOST MISFORTUNES EXPERIENCED BY MAN ARE SELF-INFLICTED 7 Likes 1 Share |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by teamchocolate: 5:36pm On Sep 11, 2015 |
PassingShot: [b]This thread is of course a response to this https://www.nairaland.com/2590889/see-what-happening-nigerias-economy
For us to understand and appreciate what the new government has done or not done for the country, it’s very important to revisit the type of economy it inherited from the last regime as enumerated below:
1. The Nigerian economy operates a budget which is heavily skewed in favour of recurrent expenditure (about 90%) against capital expenses (about 10%) as represented by 2015 budget here http://www.punchng.com/news/jonathan-signs-n4-425tn-2015-budget/
Implication of this is that there will be no real development in the core areas that sustain and improve economic development.
2. Nigerian economy is largely dependent on crude export. Even the crude price has fallen below the benchmark price ($53 per barrel) on which the 2015 budget was based. Crude now sells at around $47 per barrel.
3. As at April 2015, the Federal Government of Nigeria had borrowed $4.4bn to pay salaries of its workers for March and April 2015. http://www.dailymail.co.uk/wires/afp/article-3070070/Nigeria-borrows-pay-salaries-cash-crunch-worsening.html
4. GEJ met the reserve at $47.7bn in 2010 but still managed to reduce it to $29.6bn despite that crude sold for an average of $100 per barrel (peaked at about $140/barrel). The country’s FR plays a huge role in giving confidence to foreign investors in Nigeria’s economy. The higher the value the higher the confidence in the economy and vice versa. http://www.dailymail.co.uk/wires/afp/article-3070070/Nigeria-borrows-pay-salaries-cash-crunch-worsening.html[/b]
I could go on and on but these will suffice for now. Now, let’s see OcheJoseph ‘s points one after the other:
Yes, Nigeria will be delisted from Bond Index of JP Morgan. However, it amounts to crass ignorance for any sane analyst to want to blame the government of the day. JP Morgan started the process of reviewing Nigeria’s continued participation in its bond index in January of this year given the fact that we had depleted our FR to an abysmal level while our currency continued to lose values.
For Nigeria to continue to participate in the BI, the conditions given by JP Morgan are very detrimental to our economy. Nigeria will have to devalue the Naira and possibly will exchange for about N350 to a dollar. This will drive up inflation which means cost of imports and even local goods will go up. Cost of doing business will shoot up and productivity will expectedly drop which will eventually lead to massive retrenchment by the companies.
So, should Nigeria have chosen to remain or accepted to be delisted? I wait for your answer.
What do we expect when the FG as at May 29 had not released a kobo towards capital development? The capital expenditure in the 2015 budget is paltry 10% of about N4.5tn and NOTHING had been released as at the exit of the last govt. So what miracle do we expect?
This is too cheap and very misleading. Job losses are a constant part of any economy and if it’s not as a result of a government’s policy or not on an industry-wide scale, you cannot put the blame on the government. Even in the link you provided, it was clearly stated that the layoff was not for any reason of threat or loss as quoted
“One thing that is clear is that Zenith Bank is not under any threat,” the source, who spoke with our reporter on condition of anonymity. “With the current crisis in the banking industry in the country, it is incumbent on any bank that wants to growth to bend backwards to re-strategize and restructure its operations to expand and grow.
Is the OP insinuating that there were no job losses during Jonathan’s regime? Or that every job loss was due to his mismanagement of the economy?
At some point during GEJ’s era, the naira exchanged at above N235 to a dollar. That it trades at N220 currently represents an overall gain from N235/N240. The CBN is on a mission to make it difficult if not impossible, for stolen dollars from our reserves to be easily exchanged or transferred abroad. Besides, the fact is that crude price has dropped and our over dependence on imported goods among others have naturally put pressure on the naira.
The headline reads “Nigerian economy slows in Q2” and not “Nigerian Economy Slumps”, Both are not same and don’t mean same thing.
The quarter 2 referred to represents April, May and June of 2015 and GEJ was in charge in April and May. Does it then make any sense to blame a presidency which was in charge of one month out of three months for the slow down in the growth?
Again, the fact is that the economy would have collapsed completely had GEJ managed to win the last election. The economy was already on a downward slide by the time we voted him out. So, for anyone to attempt to put economic woes that we may currently be experiencing on PMB/VPYO smacks of irresponsible partisanship.
What is the news here? Must Nigeria do business with China or any other country for that matter? Nigeria will do business with anyone whose policy and business terms and conditions favour her. This is no rocket science.
The loss is as a result of JP Morgan’s delisting and it was definitely expected following the announcement. The loss is not Nigeria’s loss but investors. When investors have gained in the past, was the gain given or shared with the country?
As I said earlier, CBN/DMO/MOF and Nigeria as a whole has taken the right decision to stand up to JP Morgan’s manipulative tendencies. We cannot because of foreign or even local investors accept conditions that could bring the country to its knees.
If anyone needs to use their brain, it’s you and your co-travellers.
You lots preferred we continue with a failed president/government. You wanted us to continue with a regime that could not manage surplus and bounty harvest in times of scarcity. You wanted us to continue with a government which recognized stealing as the norm. You wanted us to continue with a government of wastes; a government that placed militants above law abiding citizens; a government that couldn’t guarantee security such that a portion of the country was in control of some rag tag terrorists.
Buhari ison a mission to stop the bleeding the economy was going through. He is on a mission to prevent a very bad situation from getting worse. He is on a mission to restore our lost glory, sanity, accountability and pride where STEALING WILL BE SEEN AS CORRUPTION.
May God continue to guide President Buhari & VP Osinbajo aright May Nigerians prosper better under his selfless leadership
CC: Lalasticlala Seun Obinoscopy
3 Likes
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Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by kozmokaz(m): 5:37pm On Sep 11, 2015 |
hit like if u are here to read comments like me!!!! by d way heard someone blaming GEJ for all dis .... abg DAT man no go rest for una? |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by mn09abk: 5:37pm On Sep 11, 2015 |
drss: all this amala economist no get job at all. how will this write up change the fact that zoogeria lost $6 billion, 60,000 construction job lost, 1200 banking jobs lost, food prices rising rapidly in d last 4 months due to buari's olodoness and dullardness. no fertilizers for farmers again. Read ur book o dem no gree....na go drink palmwine n play pool n come and poost trash thinking it make sense 1 Like |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by OrlandoOwoh(m): 5:38pm On Sep 11, 2015 |
Symphony007: New governments in serious countries state announcing key cabinet positions and articulate salient policy BEFORE their inuagration, do you think is for show? They understand economics and know that an hour of uncertainty can wipe off all the market gains made in 4 years. This government has been acting like a blind man in a dark room and the economy is tanking and they still don't know what to do. . . . and the old government goes about blaming it failure on the new government? 2 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by carboblanko(m): 5:39pm On Sep 11, 2015 |
Spot on PassingShot. PMB's priority now is to plug as many leakages as possible that has been bleeding our economy. When this is done every other thing will fall into place. But we also know that there are a lot of myopic and mischievous folks out there that will never see any good in this strategy. They will end up in shame. 5 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by ModiKen(m): 5:40pm On Sep 11, 2015 |
3 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by xamuelotu(m): 5:40pm On Sep 11, 2015 |
3 Likes 1 Share
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Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by roigr2012: 5:40pm On Sep 11, 2015 |
@OP thanks for such an intelligent analysis. While i don't agree completely with your position because i personally believe this govt should be more aggressive in communicating its economic plans and vision for the country but thank you for putting together a piece that shows such depth.
On the other side, am concerned about what nairaland is becoming. There was a time when when posts are made on this platform an intelligent discourse will ensue from it but nowadays the response one reads here are annoying. Seun should be more aggressive with wielding the big stick on those who have nothing intelligent to add to discussions here 2 Likes 1 Share |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by EINSTEINPG: 5:41pm On Sep 11, 2015 |
naijaking1: Nigeria economy has started a downward spiral to an islamic banking model where one naira equals one dollar, essential goods are scarce, and difference between official and black market rates is huge. Welcome to Buhari's economy. For the want of what to post, you posted trash. You are welcome Mr. Trash poster. 2 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by 989900: 5:41pm On Sep 11, 2015 |
Just for the records, JP Morgan this, JP Morgan that, we got listed in 2012, did we get any better for it? Did you get any better for it?
We were doing far better (average family) before Yar'Adua's exit. 4 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by OrlandoOwoh(m): 5:41pm On Sep 11, 2015 |
OP, in Mortal Combat video game, this analysis is called brutality, a final end to an already dying person. Ochejoseph is doing a poor job for the wailing wailers and ridiculing them. Barcanista may just choose to stage a come back. 4 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by CaptPlanet(m): 5:42pm On Sep 11, 2015 |
PassingShot: [b]This thread is of course a response to this https://www.nairaland.com/2590889/see-what-happening-nigerias-economy
For us to understand and appreciate what the new government has done or not done for the country, it’s very important to revisit the type of economy it inherited from the last regime as enumerated below:
1. The Nigerian economy operates a budget which is heavily skewed in favour of recurrent expenditure (about 90%) against capital expenses (about 10%) as represented by 2015 budget here http://www.punchng.com/news/jonathan-signs-n4-425tn-2015-budget/
Implication of this is that there will be no real development in the core areas that sustain and improve economic development.
2. Nigerian economy is largely dependent on crude export. Even the crude price has fallen below the benchmark price ($53 per barrel) on which the 2015 budget was based. Crude now sells at around $47 per barrel.
3. As at April 2015, the Federal Government of Nigeria had borrowed $4.4bn to pay salaries of its workers for March and April 2015. http://www.dailymail.co.uk/wires/afp/article-3070070/Nigeria-borrows-pay-salaries-cash-crunch-worsening.html
4. GEJ met the reserve at $47.7bn in 2010 but still managed to reduce it to $29.6bn despite that crude sold for an average of $100 per barrel (peaked at about $140/barrel). The country’s FR plays a huge role in giving confidence to foreign investors in Nigeria’s economy. The higher the value the higher the confidence in the economy and vice versa. http://www.dailymail.co.uk/wires/afp/article-3070070/Nigeria-borrows-pay-salaries-cash-crunch-worsening.html[/b]
I could go on and on but these will suffice for now. Now, let’s see OcheJoseph ‘s points one after the other:
Yes, Nigeria will be delisted from Bond Index of JP Morgan. However, it amounts to crass ignorance for any sane analyst to want to blame the government of the day. JP Morgan started the process of reviewing Nigeria’s continued participation in its bond index in January of this year given the fact that we had depleted our FR to an abysmal level while our currency continued to lose values.
For Nigeria to continue to participate in the BI, the conditions given by JP Morgan are very detrimental to our economy. Nigeria will have to devalue the Naira and possibly will exchange for about N350 to a dollar. This will drive up inflation which means cost of imports and even local goods will go up. Cost of doing business will shoot up and productivity will expectedly drop which will eventually lead to massive retrenchment by the companies.
So, should Nigeria have chosen to remain or accepted to be delisted? I wait for your answer.
What do we expect when the FG as at May 29 had not released a kobo towards capital development? The capital expenditure in the 2015 budget is paltry 10% of about N4.5tn and NOTHING had been released as at the exit of the last govt. So what miracle do we expect?
This is too cheap and very misleading. Job losses are a constant part of any economy and if it’s not as a result of a government’s policy or not on an industry-wide scale, you cannot put the blame on the government. Even in the link you provided, it was clearly stated that the layoff was not for any reason of threat or loss as quoted
“One thing that is clear is that Zenith Bank is not under any threat,” the source, who spoke with our reporter on condition of anonymity. “With the current crisis in the banking industry in the country, it is incumbent on any bank that wants to growth to bend backwards to re-strategize and restructure its operations to expand and grow.
Is the OP insinuating that there were no job losses during Jonathan’s regime? Or that every job loss was due to his mismanagement of the economy?
At some point during GEJ’s era, the naira exchanged at above N235 to a dollar. That it trades at N220 currently represents an overall gain from N235/N240. The CBN is on a mission to make it difficult if not impossible, for stolen dollars from our reserves to be easily exchanged or transferred abroad. Besides, the fact is that crude price has dropped and our over dependence on imported goods among others have naturally put pressure on the naira.
The headline reads “Nigerian economy slows in Q2” and not “Nigerian Economy Slumps”, Both are not same and don’t mean same thing.
The quarter 2 referred to represents April, May and June of 2015 and GEJ was in charge in April and May. Does it then make any sense to blame a presidency which was in charge of one month out of three months for the slow down in the growth?
Again, the fact is that the economy would have collapsed completely had GEJ managed to win the last election. The economy was already on a downward slide by the time we voted him out. So, for anyone to attempt to put economic woes that we may currently be experiencing on PMB/VPYO smacks of irresponsible partisanship.
What is the news here? Must Nigeria do business with China or any other country for that matter? Nigeria will do business with anyone whose policy and business terms and conditions favour her. This is no rocket science.
The loss is as a result of JP Morgan’s delisting and it was definitely expected following the announcement. The loss is not Nigeria’s loss but investors. When investors have gained in the past, was the gain given or shared with the country?
As I said earlier, CBN/DMO/MOF and Nigeria as a whole has taken the right decision to stand up to JP Morgan’s manipulative tendencies. We cannot because of foreign or even local investors accept conditions that could bring the country to its knees.
If anyone needs to use their brain, it’s you and your co-travellers.
You lots preferred we continue with a failed president/government. You wanted us to continue with a regime that could not manage surplus and bounty harvest in times of scarcity. You wanted us to continue with a government which recognized stealing as the norm. You wanted us to continue with a government of wastes; a government that placed militants above law abiding citizens; a government that couldn’t guarantee security such that a portion of the country was in control of some rag tag terrorists.
Buhari ison a mission to stop the bleeding the economy was going through. He is on a mission to prevent a very bad situation from getting worse. He is on a mission to restore our lost glory, sanity, accountability and pride where STEALING WILL BE SEEN AS CORRUPTION.
May God continue to guide President Buhari & VP Osinbajo aright May Nigerians prosper better under his selfless leadership
CC: Lalasticlala Seun Obinoscopy
2 Likes
|
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by Nobody: 5:42pm On Sep 11, 2015 |
It is a good analysis by the OP.
But the OP and is praise singers and detractors miss one crucial point.....i mean crucial question.
What is the next step.
Well.....for me it is simples. Austerity government.....with removal of subsides, and probably cuts in the govt size and expenditure.
Then investment in industrial development.....and education.
That is why.....PMB better tell us who his finance minister is....and what his or her marching orders are. 2 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by neocortex: 5:43pm On Sep 11, 2015 |
freedom96: all u are good at is insult....i hope it's not something u inherited.Tribalistic idiiot What are you good at ? Fighting for your fellow zombies ? |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by LouisVanGaal(m): 5:43pm On Sep 11, 2015 |
PassingShot: [b]This thread is of course a response to this https://www.nairaland.com/2590889/see-what-happening-nigerias-economy
For us to understand and appreciate what the new government has done or not done for the country, it’s very important to revisit the type of economy it inherited from the last regime as enumerated below:
1. The Nigerian economy operates a budget which is heavily skewed in favour of recurrent expenditure (about 90%) against capital expenses (about 10%) as represented by 2015 budget here http://www.punchng.com/news/jonathan-signs-n4-425tn-2015-budget/
Implication of this is that there will be no real development in the core areas that sustain and improve economic development.
2. Nigerian economy is largely dependent on crude export. Even the crude price has fallen below the benchmark price ($53 per barrel) on which the 2015 budget was based. Crude now sells at around $47 per barrel.
3. As at April 2015, the Federal Government of Nigeria had borrowed $4.4bn to pay salaries of its workers for March and April 2015. http://www.dailymail.co.uk/wires/afp/article-3070070/Nigeria-borrows-pay-salaries-cash-crunch-worsening.html
4. GEJ met the reserve at $47.7bn in 2010 but still managed to reduce it to $29.6bn despite that crude sold for an average of $100 per barrel (peaked at about $140/barrel). The country’s FR plays a huge role in giving confidence to foreign investors in Nigeria’s economy. The higher the value the higher the confidence in the economy and vice versa. http://www.dailymail.co.uk/wires/afp/article-3070070/Nigeria-borrows-pay-salaries-cash-crunch-worsening.html[/b]
I could go on and on but these will suffice for now. Now, let’s see OcheJoseph ‘s points one after the other:
Yes, Nigeria will be delisted from Bond Index of JP Morgan. However, it amounts to crass ignorance for any sane analyst to want to blame the government of the day. JP Morgan started the process of reviewing Nigeria’s continued participation in its bond index in January of this year given the fact that we had depleted our FR to an abysmal level while our currency continued to lose values.
For Nigeria to continue to participate in the BI, the conditions given by JP Morgan are very detrimental to our economy. Nigeria will have to devalue the Naira and possibly will exchange for about N350 to a dollar. This will drive up inflation which means cost of imports and even local goods will go up. Cost of doing business will shoot up and productivity will expectedly drop which will eventually lead to massive retrenchment by the companies.
So, should Nigeria have chosen to remain or accepted to be delisted? I wait for your answer.
What do we expect when the FG as at May 29 had not released a kobo towards capital development? The capital expenditure in the 2015 budget is paltry 10% of about N4.5tn and NOTHING had been released as at the exit of the last govt. So what miracle do we expect?
This is too cheap and very misleading. Job losses are a constant part of any economy and if it’s not as a result of a government’s policy or not on an industry-wide scale, you cannot put the blame on the government. Even in the link you provided, it was clearly stated that the layoff was not for any reason of threat or loss as quoted
“One thing that is clear is that Zenith Bank is not under any threat,” the source, who spoke with our reporter on condition of anonymity. “With the current crisis in the banking industry in the country, it is incumbent on any bank that wants to growth to bend backwards to re-strategize and restructure its operations to expand and grow.
Is the OP insinuating that there were no job losses during Jonathan’s regime? Or that every job loss was due to his mismanagement of the economy?
At some point during GEJ’s era, the naira exchanged at above N235 to a dollar. That it trades at N220 currently represents an overall gain from N235/N240. The CBN is on a mission to make it difficult if not impossible, for stolen dollars from our reserves to be easily exchanged or transferred abroad. Besides, the fact is that crude price has dropped and our over dependence on imported goods among others have naturally put pressure on the naira.
The headline reads “Nigerian economy slows in Q2” and not “Nigerian Economy Slumps”, Both are not same and don’t mean same thing.
The quarter 2 referred to represents April, May and June of 2015 and GEJ was in charge in April and May. Does it then make any sense to blame a presidency which was in charge of one month out of three months for the slow down in the growth?
Again, the fact is that the economy would have collapsed completely had GEJ managed to win the last election. The economy was already on a downward slide by the time we voted him out. So, for anyone to attempt to put economic woes that we may currently be experiencing on PMB/VPYO smacks of irresponsible partisanship.
What is the news here? Must Nigeria do business with China or any other country for that matter? Nigeria will do business with anyone whose policy and business terms and conditions favour her. This is no rocket science.
The loss is as a result of JP Morgan’s delisting and it was definitely expected following the announcement. The loss is not Nigeria’s loss but investors. When investors have gained in the past, was the gain given or shared with the country?
As I said earlier, CBN/DMO/MOF and Nigeria as a whole has taken the right decision to stand up to JP Morgan’s manipulative tendencies. We cannot because of foreign or even local investors accept conditions that could bring the country to its knees.
If anyone needs to use their brain, it’s you and your co-travellers.
You lots preferred we continue with a failed president/government. You wanted us to continue with a regime that could not manage surplus and bounty harvest in times of scarcity. You wanted us to continue with a government which recognized stealing as the norm. You wanted us to continue with a government of wastes; a government that placed militants above law abiding citizens; a government that couldn’t guarantee security such that a portion of the country was in control of some rag tag terrorists.
Buhari ison a mission to stop the bleeding the economy was going through. He is on a mission to prevent a very bad situation from getting worse. He is on a mission to restore our lost glory, sanity, accountability and pride where STEALING WILL BE SEEN AS CORRUPTION.
May God continue to guide President Buhari & VP Osinbajo aright May Nigerians prosper better under his selfless leadership
CC: Lalasticlala Seun Obinoscopy
OCHEjoseph...go and sit down! You are still a learner, you know the type that u can deceive.. 3 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by ChikezieU(m): 5:43pm On Sep 11, 2015 |
Am surprised to hear from broom Wilders harping that someone didn't counter a thread with analysis |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by Mamaflex(f): 5:44pm On Sep 11, 2015 |
Testing testing |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by aribs(m): 5:46pm On Sep 11, 2015 |
A very apt response to those who merely cherry pick what suits them without actually putting thinking into it. More grease to your intellectual prowess 1 Like |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by Nobody: 5:46pm On Sep 11, 2015 |
drss: all this amala economist no get job at all. how will this write up change the fact that zoogeria lost $6 billion, 60,000 construction job lost, 1200 banking jobs lost, food prices rising rapidly in d last 4 months due to buari's olodoness and dullardness. no fertilizers for farmers again. Because.....we were dependent on oil , and oil prices have fallen......so what was being propped up by high oil prices is no longer being propped up again. We were there before....remember (1982). You should put your anger to good use...by asking PMB to give us one good finance, productivity, labour and education ministers. Who will get us on the road to freedom from oil dependency. |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by neocortex: 5:46pm On Sep 11, 2015 |
You never disappoint passingshot, all you are capable of is blame.
GEJ for all the woes of your clueless god, I thought you will come up with meaningful rebuttal and the best you can do is blame an outgone government rather than admitting the failure of Buhari who understands nothing about economics. SMH.
Keep up the good work, your 5K will soon be ready. |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by philips70(m): 5:47pm On Sep 11, 2015 |
Passingshot, I salute your sagacity and patience in dealing with these unrepentant followers of the cursed lot. I just left Portharcourt, the SS/SE headquarters of the Wailing Wailers. Almost laughed my head off seeing and listening to wailings of different shades everywhere I went. Also saw some reasonable ones who were wondering where all the power they now enjoy come from. Some asked if the UK now supplies us electricity. All the drivers who took me round were just full of curses for GEJ and the gang who made them buy fuel at exorbitant prices all these while but wonder what happened when they can just drive into any gas station and buy same fuel at N87 as at now. They swore on their grannies grave they will stone GEJ, Okonji E-wailer and Die-zani whenever they find their way to PH.
Like Omojuwa told the wailers in his tweets, anyone who is not happy with Buhari should ignore PHCN and keep running his or her generator and should insist on paying N120 for fuel in the gas stations. Evil people! And I end this by saying NEVER AGAIN! 11 Likes 4 Shares |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by 7lives: 5:48pm On Sep 11, 2015 |
Kastonkastroll: passingshot, Nigeria didn't borrow up to that amount($473billion) to settle the wages and salaries of it workers. I guess you made a mistake there
Apart from my above observation, you are 100% right about everything you said, but unfortunately there are so many dummies(PDP goons) here who won't be able to grab what you said..
Kudos man The message is not for everybody but a few whose brain has not been replaced with indomie. 2 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by Nobody: 5:50pm On Sep 11, 2015 |
luchy34: and it's still going to get worse, what these gullible fools haven't realised is that PMB romance with the West is seriously going to affect us. GEJ knew that, and that is why he had a close relationship with Asia especially China who would always be a grateful Ally to Jonathan administration. There was a massive boom in local production of goods under GEJ administration, which was seriously affecting US and other Western counterparts. That's why Nigeria's economy became the largest in Africa, for the first time beating south Africa.. GEJ was a good friend of the West. And that good economy under GEJ was due to the fact that oil prices were sky high. Now...oil has fallen. The oil boom is over. China refused to buy our oil not too long ago.....and the US too is becoming self sufficient in oil production. (If you want to blame someone....blame the Saudis for the glut in the oil market that crashed prices). You better tell Buhari.....that we want a good finance minister. Better still.....Ajaokuta better get reactivated....and we can go on from there. But oil prices are not going up again. And if they go up.....the govt better not deceive themselves. Nigeria must get off oil. 1 Like |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by EINSTEINPG: 5:52pm On Sep 11, 2015 |
xamuelotu: So, what picture are you trying to paint now? That WAEC is what determines one's level of competence? Well GEJ is a PHD holder, and Nigeria was never better off under him. Are you suggesting a professorial presidency? Well we now have that in the person of the VP Osinbajo. Now, what academic qualification are you proposing for leadership position in contemporary Nigeria? 4 Likes |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by hinwazaka: 5:52pm On Sep 11, 2015 |
Rawani:
You have neither said anything of scholastic value, nor countered my explanation or any of the OP's points so far with substance.
Conjectures and anecdotes won't cut it. All up there is hot air. I'd rather play golf than write a 3 page essay to someone who never attended a class of Eco 312. That would be equivalent to a physicist explaining the nature of quantum physics to a kindergarten student. You have to crawl before you leap. If you couldn't understand or see the relationship between SAP and the new stringent conditionalities implemented by the CBN, then why should I waste my time. 1 Like |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by Nobody: 5:53pm On Sep 11, 2015 |
APC n buhari are really paying lots of money for their defence here on nairaland. |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by MNDY(m): 5:54pm On Sep 11, 2015 |
Rawani:
What part my previous response befuddles you? Kurt Lewin in his theory of change asserted that for effective change to take place, three stages must be involved; (1) Unfreeze (2) Modify (3) Refreeze.
(1) Unfreeze - Removal of any hindrances to the planned reforms such as partisan officials, corrupt elements, inefficient practices and procedures e.t.c. These cannot be done during the transition period, only after hand-over.
(2) Modify/Change - Implementation of new reforms and practices, appointment of new competent and credible officers etc.
(3) Refreeze - Consolidation on new reforms, enforcement of streamlined procedures and practices, and evaluation of performance.
The economic shocks we are witnessing are as a manifestations of stage 1, the extra time required was because of the extra rot that had amassed over the years that had to be cleared. We are presently at stage 2, hope this makes it a bit clearer.
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Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by Rawani: 5:57pm On Sep 11, 2015 |
hinwazaka:
I'd rather play golf than write a 3 page essay to someone who never attended a class of Eco 312. That would be equivalent to a physicist explaining the nature of quantum physics to a kindergarten student. You have to crawl before you leap. If you couldn't understand or see the relationship between SAP and the new stringent conditionalities implemented by the CBN, then why should I waste my time. Again. Hot air. I'm not interested in your ascribed educational history son. Address points, stop shooting randomly hoping to hit one. Until you do.... 3 Likes 1 Share |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by ceaser: 6:00pm On Sep 11, 2015 |
Dharniel:
was expecting to see you or whynotthetruth on the thread and i wasn't dissapointed... Oh, you mean the angry SeveredSnake head? |
Re: Re: See What Is Happening To Nigeria’s Economy Under Buhari by EINSTEINPG: 6:01pm On Sep 11, 2015 |
hinwazaka:
I'd rather play golf than write a 3 page essay to someone who never attended a class of Eco 312. That would be equivalent to a physicist explaining the nature of quantum physics to a kindergarten student. You have to crawl before you leap. If you couldn't understand or see the relationship between SAP and the new stringent conditionalities implemented by the CBN, then why should I waste my time. Then that means you can't preside over a nation's affairs, because the number of masses out numbered the so-called members of the elite, the supposed audience of your gargantuan knowledge. |