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Nairaland Forum / Nairaland / General / Business / Economy Finally In Recession! (22081 Views)
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Re: Economy Finally In Recession! by fiizznation: 11:54am On May 23, 2016 |
And what's the fuzz about this? Recession is not like a permanent thing but a temporary thing. Besides the world itself is in recession due to fall in aggregate demands which is not just peculiar to Nigeria alone. Btw you can't say Nigeria is in recession now because we are still in our second quarter. Will Nigeria be in recession next month? Probably yes. Nigeria will eventually be in recession but it will still bounce back in some couple of months. We should even be greatful that ours will be caused by demand in size stock which can always be addressed in the short run. So I don't see the big fuzz here |
Re: Economy Finally In Recession! by hedonistic: 11:55am On May 23, 2016 |
Chukzyfcb: And you must be technically blind and definitely deluded to not see that we are already in a full blown recession - which will very quickly degenerate into a depression.... That would be worse than anything Nigeria has ever experienced unless Buhari is forced out immediately! 3 Likes 1 Share |
Re: Economy Finally In Recession! by titiakins: 11:56am On May 23, 2016 |
Can't believe this man still has three years E don be for Nigeria! 3 Likes 1 Share |
Re: Economy Finally In Recession! by planetx: 11:56am On May 23, 2016 |
Unless this country is restructured politically we will keep going around in circles. All I hear is people talking of 2019 and voting in a new president, when are you people going to get it. The problem with Nigeria is not about who is the president or what political party is in power, the foundation of the country is faulty and defective. The definition of insanity is doing the same thing and expecting a different result, I will not be surprised if this government is sacked by the military, even though people think coups are out of fashion . 6 Likes |
Re: Economy Finally In Recession! by amazingspiderma: 11:56am On May 23, 2016 |
abdul4new:The report says there was contraction for the first time since 2004. Please read before quoting. |
Re: Economy Finally In Recession! by chrisxxx(m): 12:01pm On May 23, 2016 |
People heard ''fight'' whereas in real sense the man was saying 'fat'. I will 'fat' corruption. Corruption is getting fatter everyday. |
Re: Economy Finally In Recession! by OLADD: 12:08pm On May 23, 2016 |
SamuelAnyawu: Sorry, it's new. Yes, there's a major decline in revenue from oil (the mainstay of our economy) but the main causative factor for the near recession the nation has found itself is Buhari's docility, highhandedness, primitivity and shallow inexperience. All the negative signs were evident before staking his neck into the presidency, yet he waisted ample time in appointing ministers who would have assisted him in macromanaging the economy. Instead of initiating policies that can speedily galvanise economic growth, virtually all Buhari's policies are anti people and anti growth. Even with the little we have in reserve a serous-minded leader can still meander the nation to economic safety. We have a president who's running a 21st century country with 1984 economic sense. 3 Likes |
Re: Economy Finally In Recession! by Nbote(m): 12:09pm On May 23, 2016 |
Some of U are jus pathetic with ur flimsy excuses and continuous state of denial.. Most of U want to kip blaming "past administrations" and militants who only resumed attacks on facilities recently. If U wanted to b truthful to urselves sentiments aside den U'ld have clearly seen the major reasons for the impending recession. Well let me help u point them out again... "Analysts had warned that the capital controls imposed by regulators, as well as the lack of policy direction by the new government which inhibited the flow of foreign investment, will inevitably lead the country on the path of an economic recession" 3 Likes |
Re: Economy Finally In Recession! by Chukzyfcb(m): 12:10pm On May 23, 2016 |
hedonistic:Where is your proof to show Nigeria is in recession? What statistics can you provide to show we are recession? People just run their mouth over forums instead of you to read & learn new things. Go & force buhari out now, rabbish! All people know is to criticise , no constructive criticisim whatsover! |
Re: Economy Finally In Recession! by banmee(m): 12:14pm On May 23, 2016 |
carammel: I don't know if anyone has told you this before but Nigeria has been in recession mode since independence. The only reason it was not obvious was because of oil. It is like a man spending his inheritance without replenishing his account and is now crying he is broke. You people will never learn. |
Re: Economy Finally In Recession! by OLADD: 12:15pm On May 23, 2016 |
abdul4new: Jonathan "finished" your life, not Nigeria. |
Re: Economy Finally In Recession! by Temptee101(m): 12:23pm On May 23, 2016 |
Buhari already knew the state of our economy and what he was up against before contesting to become the President. My greatest worry is that this buhari of a man has denied virtually all what he promised prior to his being elected let alone working out feasible modalities at achieving them. Buhari is a huge joke We as a nation have made a grievous mistake that has come to stay. Buhari is a monumental failure Posterity will sure judge him and his cohorts for taking advantage of our hunger for a change 3 Likes |
Re: Economy Finally In Recession! by 1NigeriaOnlyIf: 12:23pm On May 23, 2016 |
I think i have asked you somewhere before, WHO IS PAYING YOU. i want to add another question. HOW MUCH ARE YOU BEEN PAID WHY IS IT THAT YOU COME HERE ALL THE TIME TO DEFEND THE INDEFENSIBLE. WHY Are you not been affected by the rising cost of things in nigeria. Even if you are not, think of the poor masses EVERYTHING IS NOT POLITICS. I FOR ONE DO NOT BLAME BUHARI FOR THE COLLAPSE IN OIL PRICE WHICH IS THE MAIN CAUSE OF OUR PROBLEMS. BUT I BLAME HIM FOR LACK OF POLICY DIRECTIONS WHY IN THE NAME OF GOD IS HE USING 40BN NAIRA FOR OIL EXPLORATION, WHEN OIL IS FAILING US. THAT MONEY SHOULD BE SPENT ON DIVERSIFYING THE ECONOMY WHO IS PAYING YOU. AND HOW MUCH STOP BETRAYING YOUR OWN COUNTRY. fiizznation: 8 Likes 1 Share |
Re: Economy Finally In Recession! by buksaylor001: 12:29pm On May 23, 2016 |
Why can't God Almighty kill this man for us? 1 Like |
Re: Economy Finally In Recession! by berrystunn(m): 12:38pm On May 23, 2016 |
carammel: No hope for new car and luxury lifestyle Think about food. This is what the government want .. This is the change |
Re: Economy Finally In Recession! by Temptee101(m): 12:38pm On May 23, 2016 |
fiizznation:Will you shut up at once. Are you just being insensitive even when your life is in the line? Or you are just silly and unreasonable? Now i ask what policies or modalities has this govt made to arrest this crisis bedeviling our nation. Buhari or whatever he is tagged removed fuel subsidy without addressing the nation or putting some palliatives in place to curb the hardship that follows the removal of subsidy. You are talking about recession being over in few months, this one year yet no tangible economic policies. Once more i ask are you a human being, animal or you are just a troll. Learn to think right 3 Likes 1 Share |
Re: Economy Finally In Recession! by Myself2(m): 12:47pm On May 23, 2016 |
SamuelAnyawu: It's either you're a zombie or a mischievous ostrich. There's fire on the mountain and you're still trying to exonerate the visionless, ignorant and dullard president and blame previous government 1 Like |
Re: Economy Finally In Recession! by deebsman1(m): 12:53pm On May 23, 2016 |
ABEG which GDP are they shouting of in d first place sef? Was it not that one day, we just woke up and they told us that Nigeria is now the largest economy in Africa, even before South Africa ![]() Wetin dem Okonjo-Iweala call am that time sef, GDP re-calculation or something ![]() ![]() ![]() ![]() When we all know all was not well with the economy as at then, abeg all dis yeye analysts wey Honestly, i no envy Buhari, things don spoil pass his power, he only inherited a very rotten system but honestly, the man is doing his best to fix things, but seems enemies just pass those willing him well |
Re: Economy Finally In Recession! by deebsman1(m): 12:57pm On May 23, 2016 |
May God bless u broda for being objective SamuelAnyawu: |
Re: Economy Finally In Recession! by Nobody: 1:07pm On May 23, 2016 |
SamuelAnyawu:How much was the average price of crude oil throughout OBJ 8 years? For your information, it was less than $30USD yet OBJ did not spent all the time whinning and complaining about Abacha's recklessness. Rather he was focused and formed a robust ecomonic team and blue print. Like him or not OBJ was able to grow Nigerian economy to the point of paying off our debts and leaving over $30Billion in our foreign reserves. If the truth must be told, PMB needs help in managing the economy of Nigeria. I suspects the people sorrounding him are delibrately setting him up for failure. We are not going to help him if we keeps making excuses for his obvious lack of purpose as far as economy of the nation is concern 2 Likes 1 Share |
Re: Economy Finally In Recession! by LONGFUELCUE: 1:07pm On May 23, 2016 |
SamuelAnyawu: Did l hear you say diversification? When Buhari just budgeted N98.9B for oil exploration in the North. And has just been scored very low on agriculture. Our problem is not the fall in price of crude oil, but Buhari's lack of conceptual ability to take proactive and decisive decisions. He lacks basic economic sense, because he never attempted economics in school. This is the dividends of NEPA bill certificate, Ikpeba take note. 3 Likes 1 Share |
Re: Economy Finally In Recession! by Johnsown1(m): 1:11pm On May 23, 2016 |
It is now that i understood the change this adminiatration was talking about. CHANGE: it can be define as the make of content , future content or something different from what it is originally is or look, In the sense that we have categories or branches of CHANGE, Positive and Negative change, so its only God that knows which categories we are into |
Re: Economy Finally In Recession! by erico2k2(m): 1:14pm On May 23, 2016 |
godoluwa:It's been a long time I heard so a baba |
Re: Economy Finally In Recession! by luvinhubby(m): 1:16pm On May 23, 2016 |
alexistaiwo: Haba, wetin? ![]() |
Re: Economy Finally In Recession! by ChinonsoDike2: 1:18pm On May 23, 2016 |
History repeats itself. Like Satanaya said: "Those who fail to learn from history are bound to repeat it. " 1 Like |
Re: Economy Finally In Recession! by luvinhubby(m): 1:23pm On May 23, 2016 |
eakenbor: You are not even enlightened yourself. |
Re: Economy Finally In Recession! by InvertedHammer: 1:24pm On May 23, 2016 |
snezBaba:/ Can you imagine if one of you lazy fellows had cultivated tomatoes all these while you were perambulating the city with your CVs, you will be sitting on a gold mine right now. \ |
Re: Economy Finally In Recession! by erico2k2(m): 1:28pm On May 23, 2016 |
Chukzyfcb:Oga as a 5 day if I post £1000 I get N450, 000. Very soon 5 he paper on which N50 is printed on would be worth more 5hat N50. 5hat when reality Will set in. Me I Don port back to London 4 the time being |
Re: Economy Finally In Recession! by SamuelAnyawu(m): 1:28pm On May 23, 2016 |
Myself2: bros pls I'm not involved in you guys APC and PDP brouhaha. I talk on what I see ![]() |
Re: Economy Finally In Recession! by erico2k2(m): 1:29pm On May 23, 2016 |
InvertedHammer:Funny this.I was just discuss this issue with the Mrs lastnight. Some smart dude can still make it if they get down and dirty |
Re: Economy Finally In Recession! by Lovelynature(m): 1:48pm On May 23, 2016 |
Acidosis:lol... Baba cannot offer what he doesn't have na. So gat to do what he does best - travel, lie, blame and promise - just to defend his cluelessness. As for Mr. Adesina, that guy zombiesm is quite irredeemable. He is simple living in self-deception. Remember your saying sometime ago and I quote, '' zombies are more optimistic than Buhari'' - Acidosis ![]() ![]() ![]() |
Re: Economy Finally In Recession! by maxzzo1(m): 1:49pm On May 23, 2016 |
Buhari and his Economy team are truly Dullardo ...imagine Lie Moh'd in d team!!!! and Kemi dat can not sum up 14+4=16 ![]() 1 Like |
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