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World Bank Blames FG As High Inflation Worsens Poverty - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / World Bank Blames FG As High Inflation Worsens Poverty (16967 Views)

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Re: World Bank Blames FG As High Inflation Worsens Poverty by Brushstrokes20: 7:04am On Feb 05, 2022
What the lifeless scammer cannot destroy does not exist! undecided
With his useless govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS!
Nig is in wrong hands undecided
Re: World Bank Blames FG As High Inflation Worsens Poverty by nairaman66(m): 7:06am On Feb 05, 2022
joyandfaith:

Buhari has destroyed the economy just like he did in 1984. Meaningless borrowing, corruption and border closure.
Re: World Bank Blames FG As High Inflation Worsens Poverty by Shikini: 7:07am On Feb 05, 2022
JAMO84:
Not fake but contradictory.

World Bank says we should remove subsidies on petrol and electricity just last year. Today, they are talking about inflation, if subsidy had been removed like they advised, the inflation would have been worse.

Oga, but your beloved presido did not remove the subsidy na ... so, why did inflation suddenly jump from 9% he inherited from GEJ to a whopping 15%?

Most Buhari's supporters are as dump as the man himself.
.

4 Likes

Re: World Bank Blames FG As High Inflation Worsens Poverty by JAMO84: 7:09am On Feb 05, 2022
KingOfTheDamned:
[s][/s]

Shut up please your comments are stupid kindergarten and uninformed shut up
So nothing contradictory?


I understand. A typical wailing loser will always be crying
Re: World Bank Blames FG As High Inflation Worsens Poverty by BigYash: 7:10am On Feb 05, 2022
Fg will blame PDP ..
Re: World Bank Blames FG As High Inflation Worsens Poverty by Reference(m): 7:10am On Feb 05, 2022
NwaNimo1:
We are ok.

[img]https://media1./images/8af0b181d1b7d27f4f850d877fa1d966/tenor.gif?itemid=13593792[/img]

Ha.... ..... grin
Re: World Bank Blames FG As High Inflation Worsens Poverty by Nonexisting: 7:11am On Feb 05, 2022
Peter Obi is the cause of the inflation and the poverty, he will never be president.

1 Like

Re: World Bank Blames FG As High Inflation Worsens Poverty by JAMO84: 7:12am On Feb 05, 2022
Shikini:


Oga, but your beloved presido did not remove the subsidy na ... so, why did inflation suddenly jump from 9% he inherited from GEJ to a whopping 15%?

Most Buhari's supporters are as dump as the man himself.
.
Then, Putin, Biden, Boris and all other World leaders must all be dumb.


Go and check inflation all over the world since 2020. Doing fair assessment will not kill you.

1 Like

Re: World Bank Blames FG As High Inflation Worsens Poverty by Kewellbanks: 7:14am On Feb 05, 2022
Let this Man take us back to 2015. We are not doing again. What a disaster!
Re: World Bank Blames FG As High Inflation Worsens Poverty by prigoz(m): 7:16am On Feb 05, 2022
BMC how market, your darling Bubu is taking us to enviable height, sia baba till 2050, you have not seen anything, by the end of 2022, you will be eating your children not grasses again. Some of you do not know that once a failure is always a failure.

2 Likes

Re: World Bank Blames FG As High Inflation Worsens Poverty by tunjilana: 7:16am On Feb 05, 2022
chigator2:
The World Bank is yet to Understand that the Nigerian populace / politicians are economic babies that can't tolerate and withstand tough policy decisions.

Cutting Inflation requires cutting money supply using higher lending rates as a tool.
Reduced Government borrowing and likewise reduced Government expenditure.

Can Nigerians tolerate that without wailing, shouting as it is beneficial to the Economic health of the nation.
Fuel Subsidy has been sucking this nation dry for over a decade yet any attempt to put an end to the wastage is met with public outcry.

World Bank, we don't deserve your Pity. We deserve more of your burdening Loans.


Fuel subsidy isn't what is sucking this country dry but the corruption around it which makes it easily for people to bloat the figures and for custom to lookaway when our subsidised fuel is being smuggled all over west Africa.

It is this same corruption that made our refinery to work thus leading us to importation of fuel even as a major producer of crude, thus leading to the subsidy mess...

Now removal of subsidy without a local refining option is just like pushing the problem to the common man...let govt fix refineries and run it without corruption first and see if subsidy will not naturally dissappear

1 Like

Re: World Bank Blames FG As High Inflation Worsens Poverty by Reference(m): 7:16am On Feb 05, 2022
JAMO84:
But it's the same World Bank that says we should remove subsidies on petrol and electricity, that would have worsen the inflation.

Which are critical.
But it has also said for years that we cut the cost of governance to balance that out.... but today not only are we running the highest recurrent expenditure in Nigeria's history but we are spending on frivolous projects that have no impact on the economy short, medium and with the reckless borrowings perhaps even long term.

Subsidy removal is simply to save money and redistribute scare resources. If you then throw the saved money away and spend recklessly on your long train of insatiable political contractors, then you are back to square one, simple.

This daft government HAS NOT REFORMED the way which got us here in the first place but has just exacerbated it.
Re: World Bank Blames FG As High Inflation Worsens Poverty by owagbeba: 7:16am On Feb 05, 2022
ayindejimmy:

https://punchng.com/world-bank-blames-fg-as-high-inflation-worsens-poverty/?utm_source=telegram&utm_medium=social

I think those in charge of this country don’t like the people of this country.
Inflation is high yet government raised the bench mark import duty to 3 million naira for an import dependent nation, coupled with the unstable “naira” edging toward 600.

I wonder how they want to curb inflation. Foreign shipping lines have raised freight by 300%.

1 Like

Re: World Bank Blames FG As High Inflation Worsens Poverty by vivaciousvivi(f): 7:19am On Feb 05, 2022
DMerciful:
Nigerians are waiting for Bubu's tenure to expire!

We can't do anything now!
He is without doubt, one of the worst performing Heads of State ever to sit in that office and probably the worst since Democratic rule.

2 Likes

Re: World Bank Blames FG As High Inflation Worsens Poverty by Nobody: 7:19am On Feb 05, 2022
DMerciful:
Nigerians are waiting for Bubu's tenure to expire!

We can't do anything now!
ah!
DMerciful:
Nigerians are waiting for Bubu's tenure to expire!

We can't do anything now!
ah!
DMerciful:
Nigerians are waiting for Bubu's tenure to expire!

We can't do anything now!
ah!
Re: World Bank Blames FG As High Inflation Worsens Poverty by Lexusgs430: 7:23am On Feb 05, 2022
Lie mohammed would blame PDP.........
Re: World Bank Blames FG As High Inflation Worsens Poverty by Mensch86631: 7:24am On Feb 05, 2022
JAMO84:
Then, Putin, Biden, Boris and all other World leaders must all be dumb.


Go and check inflation all over the world since 2020. Doing fair assessment will not kill you.

when it comes to bad something you compare Nigeria and other countries, oya check the unemployment rate, check the poverty rate, check the standard of living of those leaders your mention their countries, when ever it comes to bad things, that how headless people like you will start Una comparison game, compare other good thing

4 Likes 1 Share

Re: World Bank Blames FG As High Inflation Worsens Poverty by Doyou2019: 7:26am On Feb 05, 2022
DMerciful:
Nigerians are waiting for Bubu's tenure to expire!

We can't do anything now!

Because we have a fantastically corrupt Legislature, who should all have been recalled and sent back to the darkness whence they came.

2 Likes

Re: World Bank Blames FG As High Inflation Worsens Poverty by JAMO84: 7:27am On Feb 05, 2022
Mensch86631:


when it comes to bad something you compare Nigeria and other countries, oya check the unemployment rate, check the poverty rate, check the standard of living of those leaders your mention their countries, when ever it comes to bad things, that how headless people like you will start Una comparison game, compare other good thing
Off topic

1 Like

Re: World Bank Blames FG As High Inflation Worsens Poverty by Jackiedemie(m): 7:28am On Feb 05, 2022
joyandfaith:

As at 2014, inflation was one digit. Buhari odour triggered it to 2 digits even before he was sworn in. It was gej stupidity that make Buhari president.

But he wasn't a president untill May 29, 2015..
Re: World Bank Blames FG As High Inflation Worsens Poverty by LIONSABRE(m): 7:29am On Feb 05, 2022
Most economies in the world are experiencing record high inflation rate as a result of the pandemic that has produced many ripple effects.

1 Like

Re: World Bank Blames FG As High Inflation Worsens Poverty by joyandfaith: 7:31am On Feb 05, 2022
Jackiedemie:


But he wasn't a president untill May 29, 2015..
Investors would always sense bad leadership even before swearing in.
Buhari couldn't bring inflation to 1 digit for 7 years. Too Bad!
Re: World Bank Blames FG As High Inflation Worsens Poverty by Lovenorth: 7:31am On Feb 05, 2022
Tannhauser:

sad
The World Bank is the one 'forcing' the FG to remove fuel subsidy? Why do you hate yourself so much? Are you under a curse?

Tueh..
I advise you shut up if you have no reasonable things to say
Re: World Bank Blames FG As High Inflation Worsens Poverty by AntiBMC(m): 7:35am On Feb 05, 2022
Racoon:
The world Bank encourage poor third world countries to take stupid loans they don't need with constricting conditions attached to them, asked them to devalue their currencies especially when their GDPs are nothing to write home about.

But when shit hit the fan, then they begin look for who to blame. I blame the useless cap-in-hand beggey beggey leaders that always rush to these western imperialists thinking the meant them good when all they do is to choke then up with debts. Nonsense!

Did they force the African leaders to come and collect loan?

They are simply doing their business, knowing fully well that foolishly corrupt and greedy illiterate leaders in Africa will always fall for it.

It's the same thing with going to a bank to take loan as a business man in Nigeria. If you take the loan and begin to squander it like the bank dashed you the money, you will eventually suffer the consequences. It's just business

1 Like

Re: World Bank Blames FG As High Inflation Worsens Poverty by Mensch86631: 7:35am On Feb 05, 2022
even buhari himself, that's if he is alive cus I know the one in asorock is a clone, knows that you are saying shit

JAMO84:
Off topic
Re: World Bank Blames FG As High Inflation Worsens Poverty by bigpicture001: 7:35am On Feb 05, 2022
Racoon:
The world Bank encourage poor third world countries to take stupid loans they don't need with constricting conditions attached to them, asked them to devalue their currencies especially when their GDPs are nothing to write home about.

But when shit hit the fan, then they begin look for who to blame. I blame the useless cap-in-hand beggey beggey leaders that always rush to these western imperialists thinking the meant them good when all they do is to choke then up with debts. Nonsense!

U don't know economics, the world bank is your best plug towards economic recovery

1 Like

Re: World Bank Blames FG As High Inflation Worsens Poverty by Mensch86631: 7:37am On Feb 05, 2022
LIONSABRE:
Most economies in the world are experiencing record high inflation rate as a result of the pandemic that has produced many ripple effects.

most economy you say, also most economy is having a well reduced unemployment rate, a high standard of living, na only bad thing Una de compare Nigeria with other countries compare the good ones too, abi your life never experience good thing before

3 Likes

Re: World Bank Blames FG As High Inflation Worsens Poverty by Mensch86631: 7:41am On Feb 05, 2022
E go hard for some senseless people here to understand what world Bank is saying, I can bet without Google non of this illiterate here knows the difference between single and double digit inflation, yet dem go de talk about world economy, what is economy them no know. I swear dis country need revolution Change

1 Like

Re: World Bank Blames FG As High Inflation Worsens Poverty by bibianna(f): 7:48am On Feb 05, 2022
Our federal government knows how to play this blame game very well. Just watch them!

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