emmaliver:
Brain surgery because of meningitis? SMH

HARDDON:



History books r wrong, Shagari , IBB n PDP r to blame. Always pointing the accusing fingers @ external forces , never for ones @ urselves!
This is a just a template of some1 with nothng to offer .

If he knew he can't rule n provide positive change, why did he struggle for all those years, failing woefully 3 times?

Btw, where r u right now? Cos it seems ur head is buried on mud n u r typing this from underground so as not to feel what others r feeling n seeing just like ur northern master

Let him resign , he isn't prepared to govern in d first place

omolola15:


In 1984 how old are you?

Martins301:


Why are Nigerians so damn stupid? Did you bother to read the entire piece or hate has twisted your mind to react negatively to any news about this government? I dislike people like you with passion. Just go and get something doing so you won't die young from carrying hate around in your heart.

Aufbauh:
For those making ignorant statement that PMB cannot rule in a democratic government, democratic system does not necessarily entails unnecessary bottlenecks and bureaucracies.

This is what make developed nations different from developing countries. Countries like Germany,USA, France etc that we are always quick to compare our nation to in terms of democratic governance have extant laws that empowered their president to take emergency economic decisions for the nation's prosperity and development.

Though I'm not surprised by some people's view because their ultimate aim and desire is to see that the PMB administration fail like that of their fallen hero, and they will be quick to tell us that 'we told you guys before'.

I have a good news for those waiting eagerly for the nation's failure that it ain't gonna happen!

thesicilian:
To rescue the economy from who? These guys are just playing ping pong with our economy. Its like a doctor who starts treating a patient with a simple ear infection, mismanages the patient until he starts convulsing due to acute meningitis, then the doctor is now asking the relatives to sign consent for an emergency brain surgery!

kernel504:


Kill me with medical terms... Keep it up.

Osyabj:


To rescue the economy after 16 years of PDP plundering of over 38 Trillion Naira, shamelessly shut down the refineries in order to import fuel, sabotaged the power sector in order to sell diesel and generators, thereby poluting Nigerians health, awarding contracts and sharing the money without doing the contracts, ...the list in endless.

happney65:


Why are you being foolish my friend?Must he be born in 1984 before he can know what happened?Hunnnn?I guess you where born in 1960 before you knew Nigeria got her Independence then.Question is,Why is the same thing that happened in 1984 happening now again?We told you all then,but you never listened..He just dey start nii.You aint seen anything yet..Zoombie osiii

thesicilian:
To rescue the economy from who? These guys are just playing ping pong with our economy. Its like a doctor who starts treating a patient with a simple ear infection, mismanages the patient until he starts convulsing due to acute meningitis, then the doctor is now asking the relatives to sign consent for an emergency brain surgery!

The economic team, it was learnt, gauged the mood of the polity and decided that unless there is an urgency which some of the extant laws will not permit, “the recession may be longer than expected and Nigerians will not get the desired respite, which is the goal of this government”.

It is a shame most commenters don't get it, that our archaic laws coupled with corruption, are the major clog in the progress of this country!

This should have been done the very first month this admin took over, if they were truly prepared for the job.

I went thru the amendments they are seeking, and felt like weeping for this country, that we still run on those barbaric laws in a time of economic EMERGENCY!

. . . watch the 2 houses make a mess of this though, just as they are doing with rehabilitation/upgrade and PPP of the refineries.

megareal:


I don't like the bolded at all. It may just open up our country to undesirable elements. Proper screening should still be done but without the bottleneck.

globe16:

why does it always have to be about oil? Crude oil is not buhari's right! He should create other means of revenue and stop salivating on revenues generated by previous administrations. So countries that don't have crude oil can't survive according to buharinomics? Heck, dog Buhari met more money than obasanjo did on assumption to office and you are here still talking about the past.. What nonsense

4words:
Nigerians are set of petty people, we are never focused.

Government and politicians in time past made laws to suit their motives, we complained bitterly then now another government is trying to undo this same laws that have led and kept us when we are today, we are still complaining. Most times I get tired reading Nigerians comments on economic and political issues because it really saddening.

A group of experts sat down to draw up these solutions to move the country forward, instead to my people to see the merit and demerit of these actions, we are busy attacking Buhari.

My advise to us all, if you don't have a solution to the economic challenges, just shut up rather than criticize every solution presented.

smellingmenses:

While I appreciate your intellectual angle as an economist I'll have to point out that the Keynesian approach will not work in Nigeria as it is presently constituted. A restructuring of Nigeria is needed where the LG government will be empowered to run effectively and efficiently. You don't take governance so far away from the people and expect development. Development is a collective process not only driven by the Government alone especially not by the FG and State governments!

I'll love to continue with this discourse in civility. Good morning.

Pidggin:


Lol but it wouldn't be a farce if the indices are from Oyegun' mouth

HARDDON:



History books r wrong, Shagari , IBB n PDP r to blame. Always pointing the accusing fingers @ external forces , never for ones @ urselves!
This is a just a template of some1 with nothng to offer .

If he knew he can't rule n provide positive change, why did he struggle for all those years, failing woefully 3 times?

Btw, where r u right now? Cos it seems ur head is buried on mud n u r typing this from underground so as not to feel what others r feeling n seeing just like ur northern master

Let him resign , he isn't prepared to govern in d first place

happney65:


Why are you being foolish my friend?Must he be born in 1984 before he can know what happened?Hunnnn?I guess you where born in 1960 before you knew Nigeria got her Independence then.Question is,Why is the same thing that happened in 1984 happening now again?We told you all then,but you never listened..He just dey start nii.You aint seen anything yet..Zoombie osiii

klassic:



Thanks for this info, though not a student of economics, I had to go back and read from source because I knew it was very long you couldn't have possibly pasted everythig here.
Develeoped countries we all envy today applied this model or theory during the great depression of 1926-1939, during the second world war and during the post world war economic expansion which lasted till the 1970s and more recently during the global economic melt down of 07-08 espeicially USA and Europe.
Also a mentor whose books have impacted greatly on me as a lawyer cum business man was strongly against as it lead to creating floating money. Money not backed by assets or better still paper money and sometimes ends in borrowing again . And if you don't borrow or create equivalent asset to back up the paper money on the long run we might end up like Somali and Zimbabwe. Meaning the naira will become worthless.
On the issue of selling key government assets, such as the refineries , steel companies, etc, I am for it as this will make them more efficient and functional and will also create jobs. But my fear is this, the same old politicians might end up buying them on government arrangee basis and make a mess of them.
Lastly on the Executive Orders/fiat , I am not too down with it, considering Mr. President's aticident. He might abuse it and over abuse it to make people suffer the more or kinda introduce a subtle military regime with it , since this will enable him bypass the extant regulating laws and even the checks by the Legislative arm will be grately reduced. Giving his precedent as the king of the north I am quite concerned.
But it all, it's the major and one of the quickest ways to jump start the economy. Good ideal if there is sincerity of purpose.

@ the person I quoted, just wondering on a lighter note if I can be your mentee. Learnt some new stuffs from your post this morning as I was prompted to do more readings pursuant to your postulations and came across the word stagflation. Never heard of it before now in all honesty. I will be honoured to learn from you sir. Thanks a lot. God bless.

smellingmenses:

Obama made appointments almost immediately he was sworn in and not six months after.
And above all he ran a campaign of debates and roadmap not imaginary promises.

NASS should not give Buhari such powers!

labamo07:
Wait!!! did I just read lease or sell government properties to raise funds. Some bleeping dudes' pocket is about to be enriched again............

bilazego:


Why do you people also term every criticism of Buhari's policy "hate"? Is it that this government is above mistakes and all knowing?

jpphilips:


How about the government sacking workers to raise funds or increasing taxation, the government chose an easier way out by disposing its assets and you are talking rubbish.
How do you cross a major road with this unimaginable low IQ,? im curious

Pidggin:


And how old were you? Were you a minister in Buhari's cabinet?

donodion:


good response bro..good response....the so called austerity measures by shagaris govt that led to serious national outcry hence Buharis led coup de tat..i laugh at these youngsters ignorance really.

clefstone:
You obviously don't understand what being the biggest economy means. America has the world's biggest economy but has a higher unemployment rate than Switzerland and the Scandinavia. Buhari is largely, if not solely responsible for Nigeria's current economic predicament. The idea of allowing a vacuum in govt for 6months after assumption of office and the delay in passing a budget are the single most important reasons why we find ourselves where we r today.

On the issue of fall in price of crude. Those monies you always say were wasted by PDP during the period of oil boom were in truth not really wasted. They were actually used to expand the economy, hence Nigeria's rise to become Africa's biggest economy. Now, when you have assets and potential like Nigeria has, it is easy to cushion the effect of a fall in oil price by simply borrowing or making use of such assets to stimulate the economy so as to keep businesses going without feeling the impact of oil price fall. Now those assets they plan to lease or sell, who built them? PDP. With which money? Same money you said was squandered.

Aufbauh:
For those making ignorant statement that PMB cannot rule in a democratic government, democratic system does not necessarily entails unnecessary bottlenecks and bureaucracies.

This is what make developed nations different from developing countries. Countries like Germany,USA, France etc that we are always quick to compare our nation to in terms of democratic governance have extant laws that empowered their president to take emergency economic decisions for the nation's prosperity and development.

Though I'm not surprised by some people's view because their ultimate aim and desire is to see that the PMB administration fail like that of their fallen hero, and they will be quick to tell us that 'we told you guys before'.

I have a good news for those waiting eagerly for the nation's failure that it ain't gonna happen!

BlackSeptember:
what is he saying again? We are judging PMB on his actions and not his person. You are busy talking hate like say he is our enemy. We want a decent society and we won't fold our hands and watch him derail him.


Saying WE hate pmb is just doing an emotional blackmail on us so that we will forget what we should speak out at all times.




Pmb is a man with a lighter in a gas station but we are the Fire service ever ready to quench any fire he starts up

kahal29:


You made a very powerful point my brother of which I so much appreciate. However I just feel we should start from somewhere to get ourselves out this economic quagmire in the shortest possible time. Restructuring is good but can we combine it with this proposal without running into problems? So that is why I feel it should be one step at a time.. .. If FG can pull this off then we can now move to the second stage of dissolving power as to ensure efficiency.