ichidodo:
This is nothing... By 2019,Nigeria would have lost enough to send her back to the stone-age of Abacha and SAP...

Truckpusher:
Buhari is an Economic epidemic that is in full swing, waiting to happen.

kaeforum:


These loses arent attributable to PMB, its a fallout of the global economy which is in recession, we re feeling the effects cos we are a monoproduct economy, .IT HAS NOTHING TO DO WITH PMB, BUT RATHER THE CLUELESS GEJ.
Stop wailing.

Firefire:


Where is that Nairaland FAKE Economist...?

I mean that hmmmmm....?

PDPwayoo:


u r too ignorant to think that NOI or CBN gov. care about people's life. you are totally brain washed.

gurunlocker:
one thing I noticed is PMB doesn't have clue about the economy...... I hope the giant won't fall

Happiness87:
passingshot, gobe7, demdem, ngeneukwenu, dre11 come and blindly defend your boss



passingshot, yours is worst you always argue foolishly, you have a lot of work to do defending your boss, you better spend more time preparing for Jamb and postume

dmandy:


So you believe that the dearth or absence of policy, as you put it, by the administration did not extend to the area 'infrastructural work and policy implementation'. Who could have made such possible?

CHIMPANZEEpost=37758767:


These loses arent attributable to PMB, its a fallout of the global economy which is in recession, we re feeling the effects cos we are a monoproduct economy, .IT HAS NOTHING TO DO WITH PMB, BUT RATHER THE CLUELESS GEJ.
Stop wailing.

OldJohn:



We all took out precious time to read the post. Pls go back and do the same, robot, before u comment on the cause. Or are you more of an expert than those that wrote the article?
I know how painful it is to admit defeat, but I admitted it around march 29. Pls admit your president is a failure..
#100wasteddays #Apcpropaganda

BraniacX:


It extends to it but the carry over of infrastructural works already begun and partly paid for under contractual terms and obligations by the previous administration which buhari can only cancel at the risk of contractual fines like the lagos metro project of the 80's and also the awkward questions as to why still goes on even if buhari disapproves and case in study is the 2nd niger bridge which he cancelled because construction is yet to start so should i now give him credit for power stations, transmission lines, refinery repairs and proposed construction put in place by the previous administration with private sector partnerships? I don't think so but the economy and its indices are not substantial though its effects on us are very substantial and all buhari had to do was continue with previous policies until he put his own allegedly better one in place but no, buhari had to disrupt policy while formulating draconian policies through the CBN without proper consultations and the economy is very sensitive even to perceptions and inactivity from a person holding the post of the president which isn't insignificant

kaeforum:


Thats the facts of the matter, I know u wont accept the truth, after all fall of the naira started during gejs time from 166 to 210 when he was foolishly spending our external reserves for his political ambition.

Firefire:



Wait a minute, even if na for book.

Are you saying all the investors in our capital market are non-Nigerians and even ghost ?

We do have small in-house investors that their investment value is noise diving, this do have economic impact on our economy.

BraniacX:


What rubbish!!!


40% of our foreign investments are from Nigerians living in the diaspora so who exactly is the winner you're talking about here? who?

What battered economy are you yapping about? Even with the slump in oil prices this same economy was coping better under GEJ this very same year Q1 and Q2 so stop twisting facts because they indicte your hapless super clueless messiah

hinwazaka:

To be honest, I can't put a handle on what you are saying. The past administration created a conducive business atmosphere for foreign investors, but not at the expense of the local industries. The government ensured their survival admist foreign competition, with the implementation of the Local content bill, which helped protect the share of the local markets according to the infant industry market. This government, on the other hand is not encouraging foreign investors, and also not protecting the local industries. The only direction, you can phantom from the governments actions are the draconian measures implemented to monopolize the various markets in the nation into the hands of a few cronies and friends. This sort of practice, was also done under the administration of the late dictator Gen. Abacha. The TSA argument is a funny and deceitful attempt by the APC to rewrite history. The operation of multiple accounts was started 48years ago and was still in operation under his watch in his first stint in power, but was only put to a stop under the dispensation of GEJ. The facts speak for themselves. Our GDP is in disarray and the impact of foreign investment is at an all time low. You can't turn a pyramid on its head.

ibedun:


Mumu!!! The stock values are artificial and largely based on sentiments Yes! ordinary sentiments especially in a country that produces nothing and imports just about everything. If you are intelligently tracking the Nigerian stock market indices you will find that there are no fundamental lines to support the price movement. Stock values (in the absense of company specific good or bad news) is a mostly a factor of real growth in GDP. During the clueless reign (NOI world bank clerk in tow) the Nigerian largest economy (aggregate demand) was almost entirely based on GNP growth largely driven by reckless levels of importation. That was why the Naira recorded very little exchange rate advantage during an unprecedented historic oil boom.

Baba Buhari please ignore the noisemakers o. And Reuters / the economist are western propaganda organisations who main aim is to continue spreading false information to keep western countries richer at the expense of the not-so-well-off countries.

Antisubsidy:


Why do you people always forget Omenka? I think he is worse than all of the others combined. The guy is certifiably bunkers.

danjumakolo:


It's very clear that the foreign guys are scared to leave their money because they aren't sure what gvt is gonna do.These investors have been relying on looted funds to steer the activities in the market.Unfortunately no serious economic activity was created in the last govt.Also the present govt have found herself in these mess coupled with the falling dollar prices affecting our revenues.High govt cost and the endemic corruption has made PMB not to rush into appointing ministers and coming up with an impeccable policy direction.He needs to critically study the environment.

Due to the way stocks are traded, investors can lose quite a bit of money if they don't understand how fluctuating share prices affect their wealth. In the simplest sense, investors buy shares at a certain price and can then sell the shares to realize capital gains. However, if the share price drops dramatically resulting from bad governance, the investor will not realize a gain; in fact, the investor will lose money. For example, suppose that an investor buys 1,000 shares in a company for a total of $1,000. Due to a stock market crash, the price of the shares drops 75%.

If policy direction and low economic activity is scaring away investors,they shud know that last gvt caused it and so the new gvt needs to recover stolen funds in other to create economic activities now that oil just fell again in price.