aljharem:


Nigerians especially my people **** are the daftest nigerians ever. Trust me.

How can a sane person leave a 54 years old man with phd and vote in a 79 years old illiterate. It makes no sense

APC worked on the fact that an average nigerian youth is stupid and don't ask questions. They always follow the crowd.

Omojuwa is enjoying while my stupid friend lost his job

obailala:
My point is simple, there is currently a major problem in the country but I view the problem beyond the typical simple-minded interpretation of "Buhari has brought hardship upon Nigerians" which even graduates chorus around; Buhari did not bring the problem, he is only unlucky to have stepped in when a major plague was visiting.

Now we all know it is his responsibility to take Nigerians out of the current mess and I agree certain pointers from his performance so far doesn't inspire hope, however, because I view and interpret things differently from the social/educational class you mentioned, I 'know' it is not possible to solve the current problems quickly, except a major miracle happens and oil price doubles today.

cc: Raziii

wxyz1:
it was a major plague in 1983/84, he was also unlucky in 1983/84 when he was also the head of state. What a coincident. Do u understand the meaning of policy. The president due to his cluelessness has made a lot of unfavorable economic policies that brought us here, not just crude price.

Ohammadike:
This government takes the golden crown for gross stupidity, cluelessly useless and crass ineptitude

Reyginus:
Trying to challenge economic realities with propaganda? You are performing well and the economy is in recession? Wow! We are in for a long ride.

Is there any economic position worse than recession? Because I know somebody will come tell us how it would have been worse if the past govt had continued.

tritt:
Despite the economic recession that the country is presently facing, the Presidency on Wednesday declared that the Nigerian economy is performing better than the predictions of the International Monetary Fund, IMF.
It, however, admitted that the inflation and unemployment rates in the country had remained high despite efforts by the current government.

The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, stated this in a statement while reacting to the Gross Domestic Product figures for the 2016 second quarter by the National Bureau of Statistics, NBS.


Dipeolu noted that the report, while confirming a temporary decline, has also indicated what he called hopeful expectation in the country’s economic trajectory, stressing that there were clear indications that the second half of the year will be better.

“Besides the growth recorded in the agriculture and solid mineral sectors, the Nigerian economy in response to the policies of the Buhari presidency is also doing better than what the IMF had estimated with clear indications that the second half of the year would be even much better,” he said.

The presidential aide assured that the current administration would continue to work diligently on the economy and engage all stakeholders to ensure that beneficial policy initiatives were actively pursued and the dividends delivered to the Nigerian people.

Quoting the recently released data from the NBS as showing a decline in GDP by -2.06% in the second quarter of 2016 on a year-on-year basis, he attributed the outcome to a sharp contraction in the oil sector due to huge losses of crude oil production as a result of vandalisation and sabotage.



http://dailypost.ng/2016/08/31/presidency-reacts-nbs-report-insists-economy-perform

ing-better-imfs-prediction/?

obailala:
I asked a question, a struggling nation suddenly loses over 60% of its income and you think the current recession is primarily a result of Buhari's bad policy? You must hate the man so much to reason in this way.

Now we talking of a recession, the gdp growth rate of the country was steadily swimming between 6-7% until mid-2014 when the oil crash began; one can clearly see the correlation between the growth rate and oil prices from the image below. The rate began to crash steadily from mid-2014 to Q1 2016 when it eventually crossed into the negative realm. I would suppose this crash which began since mid-2014 also had nothing to do with the oil price but has everything to do with cluelessness and bad policy of Buhari?

Raziii:
that's valid... you making a lot of sense. but the truth is this government brought this upon themselves.... they spent too much time on snooze mode. too much time on blame game, the Indices have been looking bad for quite a while, but what did government do to avert what we have nw, square pegs were slotted into round home, policy merry- go-round. Your forex policy crippled the existing businesses, you sucked up your money in various banks, (TSA) you didn't spend the money so that it can go round, there by causing an earthquake in the financial market. see I feel, the government were the ones hoping for a miracle to happen all along

deflover:


How much are you being paid to be a fool.

laytoshtwo:









Idiotic statement,so na all yoruba vote for him and all igbo vote for Jonathan

aljharem:


IT is not about 97% and 5 %. Nigerians made the worst error ever after not making Awolowo nigerian president

We left a man with ideas and voted a bigot. Big ERROR

ejilife:
But we warned the world about the illness that comes with this man whenever he is on throne judging from our experience with him in the 1980s but only got insults from people like you and others. So what has changed since after insulting us?

tritt:
Despite the economic recession that the country is presently facing, the Presidency on Wednesday declared that the Nigerian economy is performing better than the predictions of the International Monetary Fund, IMF.
It, however, admitted that the inflation and unemployment rates in the country had remained high despite efforts by the current government.

The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, stated this in a statement while reacting to the Gross Domestic Product figures for the 2016 second quarter by the National Bureau of Statistics, NBS.


Dipeolu noted that the report, while confirming a temporary decline, has also indicated what he called hopeful expectation in the country’s economic trajectory, stressing that there were clear indications that the second half of the year will be better.

“Besides the growth recorded in the agriculture and solid mineral sectors, the Nigerian economy in response to the policies of the Buhari presidency is also doing better than what the IMF had estimated with clear indications that the second half of the year would be even much better,” he said.

The presidential aide assured that the current administration would continue to work diligently on the economy and engage all stakeholders to ensure that beneficial policy initiatives were actively pursued and the dividends delivered to the Nigerian people.

Quoting the recently released data from the NBS as showing a decline in GDP by -2.06% in the second quarter of 2016 on a year-on-year basis, he attributed the outcome to a sharp contraction in the oil sector due to huge losses of crude oil production as a result of vandalisation and sabotage.



http://dailypost.ng/2016/08/31/presidency-reacts-nbs-report-insists-economy-performing-better-imfs-prediction/?

AllTheWayUp:





Zombies will always be Zombies
Oya receive Sense


....

ceeethru:
I can openly declare that i didn't vote for this clueless man called buhari (bubu), in case there is a curse for those that brought him into power. God knows that i'm not among and my hands are clean.

tritt:


The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, stated this in a statement while reacting to the Gross Domestic Product figures for the 2016 second quarter by the National Bureau of Statistics, NBS.


Dipeolu noted that the report, while confirming a temporary decline, has also indicated what he called hopeful expectation in the country’s economic trajectory, stressing that there were clear indications that the second half of the year will be better.

“Besides the growth recorded in the agriculture and solid mineral sectors, the Nigerian economy in response to the policies of the Buhari presidency is also doing better than what the IMF had estimated with clear indications that the second half of the year would be even much better,” he said.

The presidential aide assured that the current administration would continue to work diligently on the economy and engage all stakeholders to ensure that beneficial policy initiatives were actively pursued and the dividends delivered to the Nigerian people.

Quoting the recently released data from the NBS as showing a decline in GDP by -2.06% in the second quarter of 2016 on a year-on-year basis, he attributed the outcome to a sharp contraction in the oil sector due to huge losses of crude oil production as a result of vandalisation and sabotage.



http://dailypost.ng/2016/08/31/presidency-reacts-nbs-report-insists-economy-performing-better-imfs-prediction/?

rlauncher:


Most commentators condemning the government on this forum are economic olodos, no thanks to the numerous textbook economists hellbent on misinforming the generality of the members of the public.

The first thing they usually say to misinform members of the public is to cry that the present administration has no economic team and that the government is not doing anything.

Any honest and intelligent person knows that when an airplane is on a downward trajectory and the right thing has been done to change its direction in upward direction, that the aircraft will not change direction immediately. It will still go in the downward direction for some time before changing direction upward.

We are in that phase of change of direction right now. Things will get worse before they get better whether anybody like it or not. We are reaping what we sow by refusing to collectively condemn the government of former President Jonathan when he was busy mismanaging the economy.

Change takes time. All we need right now is patience and support and encouragement for the present administration.

Contrary to the loud cry of supposedly well educated people who have been misinforming the general public about the economic policies of this government, the government have actually been doing a lot to better the lives of Nigerian people. The result will not be immediate. Instead of focusing on the positives , of which Nigerians will soon begin to reap the benefits, they chose instead to focus on the unavoidable negatives.

A lot is going on in governments efforts to diversify the economy, especially in the area of Agriculture, mining and manufacturing. Rice production have reached 50% of local requirement from barely 10% before this government came into being, and is expected to reach 100% in the next twelve months. Other agricultural products such as maize , wheat and sugar are also coming up.

Mining is also coming up.More income is coming in from mining though not sufficiently enough yet. A lot of investment is being attracted into mining as we speak .A coal mining company is expected to begin operations in Kogi state in September. A new money spinning solid mineral- nickel have just been discovered in Kaduna and the government is also seriously looking into developing other solid minerals scattered all over the country.

In manufacturing, the government has placed a ban on not less than 41 products in order to encourage local production of those products, and as well to prevent a quick and terrible slide in our foreign exchange rate. The situation would have been worse than it is right now had the government not taken this bold initiative.Perhaps we would have been talking about N1000 for $1 right now.Those who complain about the ban don't know this, while those who should know are busy misinforming the people. Imagine what the country will look like right now had the government not ban the products. Even the companies complaining would still no be able to function under such situation.

What we as a people need to do right now is to ask ourselves what we can do in our personal capacity to help in building the economy. While some people are crying and complaining, there lots of people taking the advantages the current economic crises is providing, and using it to better their lives and build their future. Where do you stand. Rise up brother. Stretch youselve beyond your current limit. Come up with ideas. Get people to invest in it. Play your own part and stop whining.

I also want to use this medium to appeal to the government to make adequate and up to date information about its activities and the state of theeconomy in general available to members of the public as most members of the public are unaware of what is going on.

A

tritt:


The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, stated this in a statement while reacting to the Gross Domestic Product figures for the 2016 second quarter by the National Bureau of Statistics, NBS.


Dipeolu noted that the report, while confirming a temporary decline, has also indicated what he called hopeful expectation in the country’s economic trajectory, stressing that there were clear indications that the second half of the year will be better.

“Besides the growth recorded in the agriculture and solid mineral sectors, the Nigerian economy in response to the policies of the Buhari presidency is also doing better than what the IMF had estimated with clear indications that the second half of the year would be even much better,” he said.

The presidential aide assured that the current administration would continue to work diligently on the economy and engage all stakeholders to ensure that beneficial policy initiatives were actively pursued and the dividends delivered to the Nigerian people.

Quoting the recently released data from the NBS as showing a decline in GDP by -2.06% in the second quarter of 2016 on a year-on-year basis, he attributed the outcome to a sharp contraction in the oil sector due to huge losses of crude oil production as a result of vandalisation and sabotage.



http://dailypost.ng/2016/08/31/presidency-reacts-nbs-report-insists-economy-performing-better-imfs-prediction/?

Xano:


Very unintelligible response to NBS and reality on ground.

You think people don't know the truth.

Inflation has increased
Price of all commodities has increased(some by 50-100%)
Transport fares has increased across the board.
Manufacturing has decreased.
Importation has reduced.

This is clueless government.. no straight path at all
When some individuals talk, they sound naïve. They think we don't know. It is very unfortunate.

aljharem:
Funny. Very strangely funny

This government is the maddest ever

Jonathan and Obasanjo God bless you two

Buhari is the worst president ever

Emusan:
One thing I keep telling people prior to 2015 election was that Ex-President Jonathan was not as bad the way APC portraits him neither President Buhari was as good the way APC sold him.

One thing is very sure Nigerian will still never learn their lesson.

God has made it clear now and He's about to intervene!

aljharem:
Funny. Very strangely funny
This government is the maddest ever
Jonathan and Obasanjo God bless you two
Buhari is the worst president ever

obailala:
Yeah the government has made some bad choices which has made the crisis worse, but saying the crisis in itself is a fault of the present government is wrong.

A man who earns 100k monthly but struggles to feed his family suddenly gets a pay cut to 40k and he has no savings, c'mon! We don't need a soothsayer to interpret the obvious signs that there is a major crisis already at hand. Yes the man may have made some wrong choices following the slash in salary which may have added salt to an open injury, but the real culprit here is the over 60% loss in income; it would certainly take some time for the man to bounce back to his feet and his family would definitely go through severe pain in the interim.