Paraman:
It's expected to fall after we devalued our currency twice.

I will love to see the GDP in naira for the last 15 years.

Egypt was ahead of south Africa before, but after devaluing their currency, the SA took over the Egyptian position

Paraman:
It's expected to fall after we devalued our currency twice.

I will love to see the GDP in naira for the last 15 years.

Egypt was ahead of south Africa before, but after devaluing their currency, the SA took over the Egyptian position

CountinBlessins:


Id you have nothing to say close your mouth and go read your books.

KEVIND:
This is Reno Omokri nairaland account & profile:
@Mushmush & @Anonpoet

Justiceleague1:

It's obvious you don't understand what GDP means 😁
Do you even understand the graph there?
It's so easy to pretend 🤣🤣🤣🤣🤣

Justiceleague1:

It's obvious you don't understand what GDP means 😁
Do you even understand the graph there?
It's so easy to pretend 🤣🤣🤣🤣🤣

Paraman be a good citizen,close ya mouth whenever the highly and more educated and enlightened countinblessins is talking so you get enlightened yourself 😁:
it's not as if you have any meaningful thing to say

malware:


What then are the benefits of the devaluation?

nairalanda1:


GEJ met oil prices rising, and a low debt thanks to Obasanjo getting us debt forgieveness.

By the time he left, oil prices were going down with our economy

This is not to defend APC. APC was given the tool box to respond to the falling economy. Instead they did their own thing. Here we are.

Paraman coconutHead now in SIFIA PAINS 😁:
A very dumb comment

Racoon:


.....

TheCableIndex

Paraman:
It's expected to fall after we devalued our currency twice.

I will love to see the GDP in naira for the last 15 years.

Egypt was ahead of south Africa before, but after devaluing their currency, the SA took over the Egyptian position

nairalanda1:


Between 2010-14, oil prices were sky high. That's why our GDP then was higher than it is now.

BY 2014, oil prices began falling, by the last days of GEJ , we was borrowing to pay salaries then.

So, the economy was not better under PDP. It was the effect of high oil prices.


BUT....

That does not excuse Buhari and tinubu.

Buhari in 2015 had two things that he needed to do...remove subsides, and float the naira. HE DID NEITHER. He also did not raise tax to gdp.

Here we are.

Also, Nigeria should have had a gdp of over a trillion dollars or more since 2009. That it did not ...shows how badly our economy was run.

If Jona had also removed subsides and floated the naira...by 2014, that GDP would have been in excess oor even close to 1 trillion dollars or more

Our economy has always been sick because it relies on oyel money price.

Validated:


Please, when people with something reasonable to say are talking, please KEEP QUIET!

PHIPEX:
You are defending g failure

Procashtips:


Covid dealt with us during his second tenure.

Low oil price affected his first tenure but he still kept us afloat.

Alot of people seems to have short memory.

Nigeria earned what we have never earned before under Jonathan but most was wasted.

Racoon:
This should clear the doubts of all especially the mummified zombies hailing a government that have destroyed every progress including economic that this nation has ever made.

Justiceleague1:

You got absolutely no argument cos what ye be saying is,if we don't have good oil prices,the economy will never blossom,that's so lay and lame bro

Beverlyjean:
We had Jonathan that was progressing the nation...but the SW and North combined to destroy us... SW used propaganda with pure undiluted lies while North used insecurity...look at where we have found ourselves today

DagashSamson:
What was the price of crude oil under Obasanjo that we made great progress?

Covid was global, we were not the most affected, countries run well recovered shortly afterwards.

You seem to suffer from short memory yourself. Remember most of what was looted by Jonathan administration was recovered and re-looted again.

To what degree did Buhari block leakages in revenue generating coupled with his nepotistic style of governance.