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Buhari's Administration Is Not Responsible For JP Morgan's Removal. - Politics (4) - Nairaland

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Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by mezebel(f): 12:57pm On Sep 13, 2015
Morrow is my Bday,,,,fellows ur likes and share worth more than moet popping!!!

3 Likes

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by TonyeBarcanista(m): 12:57pm On Sep 13, 2015
Obiagelli:

You should read the article, it clearly states currency manipulations.
What is FX tinkering? Isn't it manipulation? The CBN renewed its currency manipulation effort in grandstyle when PMB was inaugurated in their bid to score gains. I WARNED earliear that the action of Buhari and Emefielle will be counter-productive. Under GEJ currency/FX tinkering was in a minimal and was pursued with sound fiscal policy. In PMB's case there isn't fiscal policy in place. My Dear, PMB has killed us!
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by DebateNigeria: 12:58pm On Sep 13, 2015
INTROVERT:
reading... please has anyone called tonyebarcanista yet




well, going by the first paragraph, the warning in January 2015 should have been enough reason for GMB to appoint ministers, set up a cabinet/economic team as soon as he was elected and hit the ground running bearing in mind that election years are more about campaigns and less of administration.



my opinion grin
This your comment just won you a billion dollars.
GMB is not ready for governance. He is on a revenge mission.

5 Likes 1 Share

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by mrjangaweed: 12:59pm On Sep 13, 2015
Caseless:
You don't pay attention to those that wail in ignorance and pain.
I say plus ça change to them.

you don't pay attention to a bastard that comment without any reasonable contribution.

caselessogbuagu is a bastard grin
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by PassingShot(m): 12:59pm On Sep 13, 2015
TonyeBarcanista:
What is FX tinkering? Isn't it manipulation? The CBN renewed its currency manipulation effort in grandstyle when PMB was inaugurated in their bid to score gains. I WARNED earliear that the action of Buhari and Emefielle will be counter-productive. Under GEJ currency/FX tinkering was in a minimal and was pursued with sound fiscal policy. In PMB's case there isn't fiscal policy in place. My Dear, PMB has killed us!

Let me even agree that PMB is responsible.

The next question is: Could he have done much to avert it? Answer is "NO".

The loss in Foreign Reserve coupled with continued erosion of Naira value brought about by crash in crude price would not have made any progress possible. Add the fact that the CBN is determined to make it very difficult if not impossible for looters of our treasury dollars to be able to easily exchange or transfer such monies abroad, you'd understand that nothing much could have been done.

And the conditions given by JP Morgan for Nigeria to continue to be part of its Bond Index are not beneficial to the country. So, whichever way you see it, the best option for Nigeria was to dare JP Morgan and live with the immediate consequence of the de-listing.

After some time, Nigeria will learn to live without the manipulative foreign investors of JP Morgan and their likes.

4 Likes 1 Share

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by OrlandoOwoh(m): 1:00pm On Sep 13, 2015
grandstar:


Buhari government is responsible. He has an incompetent Bank governor who should have been sacked. Buhari's poor understanding of economics is glaring.
Was it Buhari or Jonathan that appointed the CBN Governor? Does the President have the power to sack the Governor?

2 Likes

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by OrlandoOwoh(m): 1:02pm On Sep 13, 2015
Iykopee:
When they have no solution to proffer to the current economic situations, they began searching for past administration to lay the blame on. The case of APC is simply hopeless.
Ochejoseph (PDP) brought the issue of J.P. Morgan before he was countered by PassingShot (APC).

1 Like

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by Nobody: 1:02pm On Sep 13, 2015
INTROVERT:
reading... please has anyone called tonyebarcanista yet




well, going by the first paragraph, the warning in January 2015 should have been enough reason for GMB to appoint ministers, set up a cabinet/economic team as soon as he was elected and hit the ground running bearing in mind that election years are more about campaigns and less of administration.



my opinion grin

am sorry but that's a silly reason to form the cabinet of a whole country; to please some western imperialist institution who doesn't give a d*mn about you.

some people can't see a good thing even if it pokes them in the eyes.

taking time to appoint ministers is a good move and as we can see, perm secs can effectively run the country. ministers are over-rated.

the economic crunch we are witnessing right now did not start 2 or 3months ago, not even this year sef. But then That's something Wailers won't understand cos they are blinded by their tears.

2 Likes

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by chichriso: 1:03pm On Sep 13, 2015
APC agents are here again



.


CHICHriso said ::::

.
CLICK MY SIGNATURES
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by DebateNigeria: 1:03pm On Sep 13, 2015
TonyeBarcanista:
What is FX tinkering? Isn't it manipulation? The CBN renewed its currency manipulation effort in grandstyle when PMB was inaugurated in their bid to score gains. I WARNED earliear that the action of Buhari and Emefielle will be counter-productive. Under GEJ currency/FX tinkering was in a minimal and was pursued with sound fiscal policy. In PMB's case there isn't fiscal policy in place. My Dear, PMB has killed us!
Don't mind Obiagelli. GMB's body language could have easily saved the day like it did the power sector, civil service, etc. What we need is governance, not body language. It's easy for GMB and his cohorts to take the glory for improved power supply(that's if there is any improvement), etc and yet will not take the GLORY for JP Morgan's decision on Nigeria?
Nonsense.

2 Likes

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by OlaSpeaker(m): 1:03pm On Sep 13, 2015
PassingShot:

Unfortunately, many Nigerians are too gullible to understand the difference a focused and determined leader can make.
Time my friend can change a lot of things by the time PMB four years will elapsed Nigerians will know the difference...........
NB: the deference between "here" and "there" is "T" which is TIME

3 Likes 1 Share

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by millionaireman: 1:04pm On Sep 13, 2015
free2ryhme:
tonyebarcanista

Hope you are reading this?

And President Jonathan surrounded himself with clueless female minister of coordinating economy telling the whole world nigeria economy is safe.


God will have mercy on Jonathan for what he has put us through in this country

No doubt your mum's in purdah - a stark illiterate - going by how you drew your conclusion.
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by TopHand: 1:04pm On Sep 13, 2015
grandstar:


Buhari government is responsible. He has an incompetent Bank governor who should have been sacked. Buhari's poor understanding of economics is glaring.
My friend Goodluck PDP govt appointed this Bank governor, so if you say the Bank governor is incompetent and the person who gave him the job has poor understanding of economics please point your finger at the right person, in fact first wake up from your Alice in wonderland dream and wash ya face b4 then point ya finger
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by specco(m): 1:04pm On Sep 13, 2015
Apc claim as their achievement:
●Improved electricity output
●Revamping of refineries
●New trains
●etc
I dare to say Buharsts are engaging in selective approprition or is it plagialism now(claiming someone else works as your own )
J P Morgan delistment should not be an exception. Yes they warned us last year but what they have seen in the last 3months emboldened them to bring down the hammer on Nigeria.
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by Nobody: 1:05pm On Sep 13, 2015
TonyeBarcanista:
What is FX tinkering? Isn't it manipulation? The CBN renewed its currency manipulation effort in grandstyle when PMB was inaugurated in their bid to score gains. I WARNED earliear that the action of Buhari and Emefielle will be counter-productive. Under GEJ currency/FX tinkering was in a minimal and was pursued with sound fiscal policy. In PMB's case there isn't fiscal policy in place. My Dear, PMB has killed us!
Minimal or Maximal, We had no choice but to tinker with our currency and it's inevitable that we will be delisted.

My problem is with you guys claiming Buhari is solely responsible for the it.
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by Caseless: 1:06pm On Sep 13, 2015
mrjangaweed:


you don't pay attention to a bastard that comment without any reasonable contribution.

caselessogbuagu is a bastard grin
hahahahaha... Theassassin, u are a goat. grin
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by Nobody: 1:07pm On Sep 13, 2015
hmmm_
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by BUAR(m): 1:07pm On Sep 13, 2015
angrybull:
Mr. Buhari is totally and comprehensively responsible for jp Morgan removal of Nigeria in their bond index. Any positive or negative that comes from last administration, he must take responsibility.


He is taking praises for improved electric power, and other positive things that comes with last government. So what is is wrong if he takes responsibility for this?you re on point ,last time I checked there was it was as a result of no policy to guide and guarde the investors,now one PMB ass licking creature is here to tell tell us that the burukutu sipping durllAdinho iS to take praoses wen its good but wen its bad its GEJ.

Mr buhari is the leader we know and by so doing he is totally responsible for yanking of Nigeria off jp Morgan bond index.
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by Nobody: 1:07pm On Sep 13, 2015
chichriso:
APC agents are here again



.


CHICHriso said ::::

.
CLICK MY SIGNATURES
PDP goon spotted.
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by omonnakoda: 1:08pm On Sep 13, 2015
sparkle10:


The point is lack of fiscal direction by the present government fast tracked the de-listing. JP morgan saw no point in waiting.

Do you know the meaning of the word "FISCAL". I doubt it . Even the PURPORTED reason is not about the FISCAL behaviour.
budget has been signed into law for the next period that outlines the fiscal agenda so what really are you talking about.
It is not obligatory to talk though I would argue it is sometimes obligatory to be silent when you have nothing to say
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by TonyeBarcanista(m): 1:09pm On Sep 13, 2015
DebateNigeria:

Don't mind Obiagelli. GMB's body language could have easily saved the day like it did the power sector, civil service, etc. What we need is governance, not body language. It's easy for GMB and his cohorts to take the glory for improved power supply(that's if there is any improvement), etc and yet will not take the GLORY for JP Morgan's decision on Nigeria?
Nonsense.
Maybe his body language will #BringBackJPMorgan
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by tsdarkside(m): 1:09pm On Sep 13, 2015
what does this has to do with Buhari's Administration...??..

you are not good enough for the club,you get kicked out of club..!!...simple...are we going to die now,because you were kicked out of a club??...

1 Like

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by BUAR(m): 1:11pm On Sep 13, 2015
TopHand:

My friend Goodluck PDP govt appointed this Bank governor, so if you say the Bank governor is incompetent and the person who gave him the job has poor understanding of economics please point your finger at the right person, in fact first wake up from your Alice in wonderland dream and wash ya face b4 then point ya finger
so what is mr GaNdhi waitin for to change him with one Norytherian? Mr change indeed
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by mrjangaweed: 1:11pm On Sep 13, 2015
Caseless:
hahahahaha... Theassassin, u are a goat. grin

mugu how far grin
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by Nobody: 1:11pm On Sep 13, 2015
angrybull:
Mr. Buhari is totally and comprehensively responsible for jp Morgan removal of Nigeria in their bond index. Any positive or negative that comes from last administration, he must take responsibility.


He is taking praises for improved electric power, and other positive things that comes with last government. So what is is wrong if he takes responsibility for this?

Mr buhari is the leader we know and by so doing he is totally responsible for yanking of Nigeria off jp Morgan bond index.

Please sir could you explain exactly why you think the removal of Nigeria from jp Morgan's bond index will affect the country negatively. do you know or you are just following them to shout, as long as we are crucifying Buhari right?...

1 Like

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by dBard: 1:12pm On Sep 13, 2015
lincolnj88:
So u mean buhari 3 months of economic idleness has no negative effect on our economy and cant be a factor which led to the jp morgan decision of removing us.... But u believe the same idleness is responsible for electricity improvement through the term body language


Just entered into my dictionary as one definition of irony.

@ o.p.. As has bin rightly stated, PMB is the president now, so the buck stops at his table. If he's being given credit for the improvements in power, he should,in same vein, be held responsible for d country's economic downturn.
Reading through the article, it's evident that the factors involved were , aside d falling oil prices, the investors reaction to Sanusis removal and the uncertainty surrounding the elections. The last paragraphs tho counters d supposition cos with the measures put in place by Emefiele, market forces were looking up and it was expected Nigeria will be off the watch list. For things to have deteriorated to this point lies with the man in charge.
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by DebateNigeria: 1:13pm On Sep 13, 2015
TonyeBarcanista:
Maybe his body language will #BringBackJPMorgan
grin grin grin grin grin grin grin grin
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by focus7: 1:14pm On Sep 13, 2015
Obiageli you shouldn't border with any ranting coming from barcanista, we all know he's a loser. One thing with people that are intimidated with the success of others, or those who never think they could ever attain any greatness in life is that they get busy with those that have attained the unimaginable in life. If barcanista attain close to being a cleaner or a driver for Buhari he will share testimony in the church.
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by TonyeBarcanista(m): 1:15pm On Sep 13, 2015
It is not a crime for a government to seek to defend its currency, but there is an extent to which that is acceptable. We are talking about the bond market here where investors are not willing to put their money into a market that is neither here nor there. When JP Morgan warned Nigeria, emefielle led CBN started showing transparency and less tickering. Beside, the government was clear in its fiscal policy that could have investor forcas the market. Since January JP Morgan were silent. After the poll, investors were looking at the direction of the government but nothing was forthcoming. More pathetic is the disgraceful way that the CBN has been tinkering with the FX just to give a false sense of appreciation. I recall warning on the dire consequences... My dear, PMB is responsible for this.
Obiagelli:

Minimal or Maximal, We had no choice but to tinker with our currency and it's inevitable that we will be delisted.

My problem is with you guys claiming Buhari is solely responsible for the it.

1 Like

Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by millionaireman: 1:15pm On Sep 13, 2015
Ioannes:


am sorry but that's a silly reason to form the cabinet of a whole country; to please some western imperialist institution who doesn't give a d*mn about you.

some people can't see a good thing even if it pokes them in the eyes.

taking time to appoint ministers is a good move and as we can see, perm secs can effectively run the country. ministers are over-rated.

the economic crunch we are witnessing right now did not start 2 or 3months ago, not even this year sef. But then That's something Wailers won't understand cos they are blinded by their tears.

If Buhari fails to please the imperialists, his downfall comes handy.
After winning election, Buhari's first port of call was with the G7, followed with Downing Street.

If the imperialists grumble about Buhari's delay to form a cabinet, and withdrew from some business transactions with Nigeria, how come your Obiageli blames Jonathan and crew? That the Imperialists had once raised issues with Nigeria's economy during Jonathan administration does not give Jonathan government the blame for the recent actions of the Imperialists.
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by free2ryhme: 1:17pm On Sep 13, 2015
millionaireman:


No doubt your mum's in purdah - a stark illiterate - going by how you drew your conclusion.

Your stupidity knows no limit
Re: Buhari's Administration Is Not Responsible For JP Morgan's Removal. by refreshrate: 1:18pm On Sep 13, 2015
DebateNigeria:

This your comment just won you a billion dollars.
GMB is not ready for governance. He is on a revenge mission.

Finally someone understands and is wise enough to say the truth!

This GMB at best should have been made to head the EFCC whilst a more sane person who understands principles of governance is allowed to be president.

Guess now we know theres a reason things in the former should be left in the past where they belong

1 Like

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