Fx55:
We won't allow you to continue spreading misinformation on this forum. The London Vegetable depleted our reserves by more than $6b from he what he met it when he took over in 2015. The increase in reserves now is largely thanks to the increase in crude prices.

It is also important to note that the Cattle Rearer has no single initiated or completed project to his name since May 2015. So the question is, what did they do with the huge budget of 2016? The answer is NOTHING! No roads, not even 1 megawatt of electricity added to the National Grid. Absolutely nothing to show for it.

Right now they've resurrected the good old cash cow known as rehabilitation of Abuja Airport that serves only the elites. What have they done to better the lot of the common man on the streets? Nothing! Instead it's hardship upon hardship never seen or experienced at any time in the history of this failed country. Never again!

cc: Obailala

Lol, I gave a you a very simple analogy with facts and figures and you simply shied away from it to rant about lack of projects; you actually even started by requoting your pointless self indicting analysis of $6bn from the reserves despite my explanations which I gave earlier to rubbish your claim.

Mr, I understand the intricacies of the economy is too difficult for you to understand, even the concept of the recession and it's causes are too convoluted for you to understand. But then, it's not unusual, a lot of people dont understand it too so its not strange for you to measure the economy in the little elementary way you understand it.

Regarding projects, I can tell you for a fact that Nigeria is in an economic emergency and anyone who understands that will realise that this may not be the best time to expect projects. But that notwithstanding, there are still several projects springing up all over the place from roads to rails to power projects. All these projects only started less than a year ago when the current administration got its first budget approved by the NASS. And with projects starting barely less than a year ago, only the unwise or inconsiderate noise makers would complain about not seeing projects being commissioned in less than a year.

Now why weren't there projects starting in 2015? Due to the recession which was already impending well before the last admin handed over, the last admin budgeted virtually nothing for capital projects in the 2015 fiscal year; Ministry of works budget for instance was shockingly less than N20bn for the entire nation in the entire 2015 (and this ran till about April/May 2016 when this admin got its first budget approved) hence all contractors working on various projects around the nation abandoned tools for lack of payment all through 2015 until Fashola and co began remobilising them to site in 2016. If you had an understand of how governance works, you would have known that this current admin did not prepare the 2015 budget and cannot be blamed for lack of projects in 2015.

abbeyty:
off to Venezuela to buy the whole country

You think like me. Or go buying some promising companies there and restructure. lol.

Fx55:
We won't allow you to continue spreading misinformation on this forum. The London Vegetable depleted our reserves by more than $6b from he what he met it when he took over in 2015. The increase in reserves now is largely thanks to the increase in crude prices.

It is also important to note that the Cattle Rearer has no single initiated or completed project to his name since May 2015. So the question is, what did they do with the huge budget of 2016? The answer is NOTHING! No roads, not even 1 megawatt of electricity added to the National Grid. Absolutely nothing to show for it.

Right now they've resurrected the good old cash cow known as rehabilitation of Abuja Airport that serves only the elites. What have they done to better the lot of the common man on the streets? Nothing! Instead it's hardship upon hardship never seen or experienced at any time in the history of this failed country. Never again!

cc: Obailala

no one in his right sense can correct you.
You are far from reality

nairaman66:


Keep living in self denial.. Nigeria is as poor as Somalia!! We just have a better attitude! No need to insult you dude

Why don't you move to Somalia. Idiot