Often times we hear opposition come out to complain about buhari's lack of economic policy direction, I keep wondering if there were any visible economic policy set up by previous governments especially jonathan's administratiom. One thing is certain no serious government just comes and starts rolling out policies without studying what is on ground, besides most times I don't get carried away by all this internet users cum professional economist, Nigerians know solutions to all problems when they are on the sidelines but put them there they fail woefully, one fact is nigerian economy cannot be solved by mere textbook solutions due to poor statistics and poor/no data records. The present government is gradually taking on the economy issues and I believe with time results would begin to show just like in the area of insurgency. Now my question is what economic policy direction did the jonathan administration geared towards. Sorry for any typographical error, used my phone. Thanks

Cc omenka, passingshot,modath,ngeneukwenu,abagworo,beremx,searchiing4love.

Let's not duel on the past and fuel crisis, but profer future solutions to take the economy to greater heights.

Vision 20-20

PDP took over government in 1999 when Nigeria was 94th highest Economy in the World and left it in 26th position in 2015.

The vision is realizable within the next five years.

PDP eradicated polio, ICT penetration from 0.2% to over 60%, and a new contributory pension scheme now with trillions of Naira in pension fund

The capitalization of the Nigerian Stock Exchange grew from less than N1 trillion to N12 trillion as at handover.

Jonathan/PDP reduced Poverty by half
Jonathan left 12000Mw power capacity.
Jonathan's agricultural policies were fruitful.

k

The OP's intentions for opening this thread are not far-fetched,its just another cheap attempt by the APC zombies to keep smearing Jonathan/PDP with the hope that they'll be able to distract Nigerians from the visible failure of the APC led govt and also buy sufficient time for the govt using public sentiments and raising of pity parties. readers will notice that he tagged only staunch members of the zombie crew so as they can have a feast on this.

though im not fooled by the true scheming of the OP as regards the true intentions for opening this thread I'll go ahead to give a comprehensive breakdown of the economic policy of the Jonathan/PDP administration

ECONOMIC POLICY

1. De-emphasizing government ownership of business and encouraging full private ownership of means of production: people familiar with the GEJ government will always remember the quote "Government has no business in doing business"

2. Revolutionizing the Agric sector: the agric sector was transformed from been a social enterprise to been a fully commercial enterprise, the target for this sector was for Nigeria to be able to add an extra 20 million metric tonnes of food to its reserve

3. Full Privatisation of the power sector to encourage investments in power by the private sector: to this end there was a full privatisation of the genco's and disco's and a management contract for the TCN. those single policy saw the drastic reduction in the budget for the power ministry as the bulk of funding was to come from the private sector in form of investments

4. Complete divestment from all existing govt businesses: there were renewed efforts to resuscitate the ailing ajaokuta steel company and the government saw to the sale of the comatose Nitel/Mtel govt owned telecom companies.

5. Revitalisation of Railways and Airports to ease transportation for a smooth flow of economic activities: the already comatose railways were gradually brought back to life and new railway contracts were entered into with counter-part funding coming from Chinese state construction company CCECC and the govt also embarked on the construction of river ports on routes along the already dredged river niger while also seeking for privatise the already commissioned dry port in anambra state

6. Encouraging Businesses to expand so as to employ more people and also encouraging SME's to flourish with intiatives such as the SME fund and YOUWIN

i can go on and on but lemme stop here for now, Jonathan's economic direction was well spelt out in the transformation document at the inception of his administration and this provided a direction to investors on how to key into the agenda of government.

the results:

Nigeria became the No1 investment destination in africa with annual FDI of $10bn

Nigeria became the largest economy in africa

Nigeria had the fastest growing economy in the world second only to China



its obvious the Buhari team have no clue about governance,their trial and error methods keeps back-firing, For crying out loud Jonathan has left government for you for almost a year now yet you are yet to sit down and run your government, stop acting as opposition to your own govt and get serious


God bless GEJ

Thw truth is dat this Buhari govt actually had d most well defined economic policy in d last 8years.

The economy policy is so clear. Yet many people just shout for nothing because they dont understand the meaning of economic policy. Budget is d major part economic policy. And this 2016 is d most well defined economy policy.

Below are d economic policy of Buhari govt policy:

1. Job creation through massive infrastructural projects worth over 1.5trillion naira. This is d first time in Nigeria history infrastructure will be more than 1 trillion naira.
These include massive spending on rail, road, power and airport.

2. Poverty reduction through social intervention. This includde 23000 to 25000 naira per month for 500,000 graduate volunteer teachers.

3. Extreme poverty management and social integration and intervention through 5000 naira stipend to 1million Extreme poor widow and age.

4.Diversification through Agriculture and solid minerals. The govt has already sign alot of MOU with many countries on these regard. This is one of d reason d president have b travelling alot.

5. On d monetary policy, d govt is monetary police is saving Forex for essential commodities. Thus dual exchange rate. 199 for essential goods and 325 for nob essential goods. This policy is well defined and deliberate by d govt.


Below is definition of Economy policy

Economic Policy
An economic policy is a course of action that is intended to influence or control the behavior of the economy. Economic policies are typically implemented and administered by the government. Examples of economic policies include decisions made about government spending and taxation, about the redistribution of income from rich to poor, and about the supply of money.

http://www.cliffsnotes.com/study-guides/economics/introduction/economic-policy

From the definition above it is clear d govt have economic policy clearly defined.

1. Spending and Taxation: The govt spending plan is clearly defined by d Budget. A deficit budget with about 1.5 trillion on Insfracstructure. In terms of Taxation, the govt have clearly make thier priority the increasing of tax base to more companies, persons and product. This has clearly be shown with d plan recruitment of 1250 professional staff by FIRS.

2. Distrubution of income from Rich to the poor: This part of economic policy, is clearly shown in d budget with the 500 billion social intervention fund. This will be used for 500,000 vokunteer graduate teachers, 1million exreme poor widow and aged, 1 million market women with 50k granr each and d 370,000 training of artisans.

3.Supply of Money. This means monetary policy including forex. This govt have deliberate choose to use dual exchange exchange as a way of preventing rapid decline of foreign reserves. Thus by so doing, d future is protected. It is an indirect saving technique.

LadyExcellency:
Vision 20-20

PDP took over government in 1999 when Nigeria was 94th highest Economy in the World and left in 26th in 2015.

The vision is realizable within the next five years.

PDP eradicated polio, ICT penetration from 0.2% to over 60%, and a new contributory pension scheme now with trillions of Naira in pension fund

The capitalization of the Nigerian Stock Exchange grew from less than N1 trillion to N12 trillion as at handover.

Jonathan/PDP reduced Poverty by half
Jonathan left 12000Mw power capacity.
Jonathan's agricultural policies were fruitful.

12,000mw... Wonderful!.. Capacity (potential energy) is useless except it is converted to something useful.

Poverty reduced by half under Jona.... I remember OBJ/NOI also bragging about how they had eradicated poverty in Nigeria. Now Jona later eradicated half.

tuale4u:
Thw truth is dat this Buhari govt actually had d most were defined economic policy in d last 8years.

The economy policy is so clear. Yet many people just shout for nothing because they dont understand the meaning of economic policy. Budget is d major part economic policy. And this 2016 is d most well defined economy policy.

Below are d economic policy of Buhari govt policy:

1. Job creation through massive infrastructural projects worth over 1.5trillion naira. This is d first time in Nigeria history infrastructure will be more than 1 trillion naira.
These include massive spending on rail, road, power and airport.

2. Poverty reduction through social intervention. This includde 23000 to 25000 naira per month for 500,000 graduate volunteer teachers.

3. Extreme poverty management and social integration and intervention through 5000 naira stipend to 1million Extreme poor widow and age.

4.Diversification through Agriculture and solid minerals. The govt has already sign alot of MOU with many countries on these regard. This is one of d reason d president have b travelling alot.

5. On d monetary policy, d govt is monetary police is saving Forex for essential commodities. Thus dual exchange rate. 199 for essential goods and 325 for nob essential goods. This policy is well defined and deliberate by d govt.


Below is definition of Economy policy



http://www.cliffsnotes.com/study-guides/economics/introduction/economic-policy

Educating the naysayers is mostly a waste of time cos they derive their pleasure mainly from naysaying.

Dubious foreign exploiters want Nigeria to devalue its currency massively so they can make killer profits. Refusal to do this has led these foreign exploiters to pull out their funds from the Nigerian economy in order to arm twist, punish and frustrate the FG into devaluation; they keep using the 'sweet coated' excuse of 'lack of economic policy direction' to deceive the gullible. But the fact remains that the only economic policy these exploiters want to see is a devalued Naira, hence the continuous singing that the govt has 'no economic policy.'

"Economic Policy = Devaluation"

obailala:
12,000mw... Wonderful!.. Capacity (potential energy) is useless except it is converted to something useful.

Poverty reduced by half under Jona.... I remember OBJ/NOI also bragging about how they had eradicated poverty in Nigeria. Now Jona later eradicated half.

I am quoting NBS statistics

Professor Osinbajo said so himself, evacuation/transmission and gas supply is the only problem hindering supply to consumers.

Distribution capacity stands at 10000Mw to 15000Mw.

See what Soludo have to say recently though sympathetic to APC

[b]As Nigeria has largely evolved into a two party state in a democracy, I prefer to frame the discourse on the baseline as ‘PDP’s legacy and the APC’s challenge’!
Since it is the practice to blame the PDP for every ill that befell our country in the last 16 years (and there are many of them) it is also fair to credit them with the positive ones.

According to data from NBS, one outstanding legacy of the PDP is that in 16 years it held sway, it more than doubled the GDP of Nigeria (indeed with average year-on-year GDP growth rate in excess of 6% over the past 12 years, the GDP actually doubled within the last 12 years. It met average annual growth rate of about 2% and raised it to 6-7%, led by the non-oil sector. Yes, non-oil sector, and the “diversification” reported in the recently re-based GDP happened within the last 16 years.

Will the economy more than double in the next 12 years under the APC? For me, if only the APC can double the size of GDP from about $550 billion to $1.1 trillion in 12 -16 years, and further half the poverty index, Nigeria will indeed be on course to be one of the largest 10 economies in the world by the end of this century.

As at 1999 when PDP came to power, Nigeria was largely a pariah state still lucky to have survived as one indivisible sovereign, especially in the context of the struggle by NADECO and restiveness in many parts of the country.

On corruption, Transparency International scored it 1.6 out of 10 and ranked 98 out of 99 countries in 1999. Nigeria was listed among four countries that were non-compliant on the anti-money laundering rules by the Financial Action Task Force (FATF). We could not service our external debt and relied on stressful rescheduling, with all the intrusive donor conditionalities. Poverty was estimated at 70%, and unemployment at nearly 20%.

The 1990s will go down in our economic history as the decade of stagnation: when per capita income growth was zero. Average oil price in May 1999 when President Obasanjo took over was $15.24 while stock of reserves was about $5 billion.

The OP's intentions for opening this thread are not far-fetched,its just another cheap attempt by the APC zombies to keep smearing Jonathan/PDP with the hope that they'll be able to distracy Nigerians from the visible failure of the APC led govt and also buy sufficient time for the govt using public sentiments and raising of pity parties. readers will notice that he tagged only staunch members of the zombie crew so as they can have a feast on this.

though im not fooled by the true scheming of the OP as regards the true intentions for opening this thread I'll go ahead to give a comprehensive breakdown of the economic policy of the Jonathan/PDP administration

ECONOMIC POLICY

1. De-emphasizing government ownership of business and encouraging full private ownership of means of production: people familiar with the GEJ government will always remember the quote "Government has no business in doing business"

2. Revolutionizing the Agric sector: the agric sector was transformed from been a social enterprise to been a fully commercial enterprise, the target for this sector was for Nigeria to be able to add an extra 20 million metric tonnes of food to its reserve

3. Full Privatisation of the power sector to encourage investments in power by the private sector: to this end there was a full privatisation of the genco's and disco's and a management contract for the TCN. this single policy saw the drastic reduction in the budget for the power ministry as the bulk of funding was to come from the private sector in form of investments

4. Complete divestment from all existing govt businesses: there were renewed efforts to resuscitate the ailing ajaokuta steel company and the government saw to the sale of the comatose Nitel/Mtel govt owned telecom companies.

5. Revitalisation of Railways and Airports to ease transportation for a smooth flow of economic activities: the already comatose railways were gradually brought back to life and new railway contracts were entered into with counter-part funding coming from Chinese state construction company CCECC and the govt also embarked on the construction of river ports on routes along the already dredged river niger while also seeking to privatise the already commissioned dry port in anambra state

6. Encouraging Businesses to expand so as to employ more people and also encouraging SME's to flourish with intiatives such as the SME fund and YOUWIN

i can go on and on but lemme stop here for now, Jonathan's economic direction was well spelt out in the transformation document at the inception of his administration and this provided a direction to investors on how to key into the agenda of government.

the results:

Nigeria became the No1 investment destination in africa with annual FDI of $10bn

Nigeria became the largest economy in africa

Nigeria had the fastest growing economy in the world second only to China



its obvious the Buhari team have no clue about governance,their trial and error methods keeps back-firing, For crying out loud Jonathan has left government for you for almost a year now yet you are yet to sit down and run your government, stop acting as opposition to your own govt and get serious


God bless GEJ

tuale4u:
Thw truth is dat this Buhari govt actually had d most well defined economic policy in d last 8years.

The economy policy is so clear. Yet many people just shout for nothing because they dont understand the meaning of economic policy. Budget is d major part economic policy. And this 2016 is d most well defined economy policy.

Below are d economic policy of Buhari govt policy:

1. Job creation through massive infrastructural projects worth over 1.5trillion naira. This is d first time in Nigeria history infrastructure will be more than 1 trillion naira.
These include massive spending on rail, road, power and airport.

2. Poverty reduction through social intervention. This includde 23000 to 25000 naira per month for 500,000 graduate volunteer teachers.

3. Extreme poverty management and social integration and intervention through 5000 naira stipend to 1million Extreme poor widow and age.

4.Diversification through Agriculture and solid minerals. The govt has already sign alot of MOU with many countries on these regard. This is one of d reason d president have b travelling alot.

5. On d monetary policy, d govt is monetary police is saving Forex for essential commodities. Thus dual exchange rate. 199 for essential goods and 325 for nob essential goods. This policy is well defined and deliberate by d govt.


Below is definition of Economy policy



http://www.cliffsnotes.com/study-guides/economics/introduction/economic-policy

From the definition above it is clear d govt have economic policy clearly defined.

1. Spending and Taxation: The govt spending plan is clearly defined by d Budget. A deficit budget with about 1.5 trillion on Insfracstructure. In terms of Taxation, the govt have clearly make thier priority the increasing of tax base to more companies, persons and product. This has clearly be shown with d plan recruitment of 1250 professional staff by FIRS.

2. Distrubution of income from Rich to the poor: This part of economic policy, is clearly shown in d budget with the 500 billion social intervention fund. This will be used for 500,000 vokunteer graduate teachers, 1million exreme poor widow and aged, 1 million market women with 50k granr each and d 370,000 training of artisans.

3.Supply of Money. This means monetary policy including forex. This govt have deliberate choose to use dual exchange exchange as a way of preventing rapid decline of foreign reserves. Thus by so doing, d future is protected. It is an indirect saving technique.

you just re-listed campaign promises that have long been denied, i was expecting you to also add creation of 3 million jobs annually to it and also #1=$1

where is the official economic policy document of this admin? cos Lai mohammed has clearly denied what you wrote up there and passing it off as a party manifesto and not a govt roadmap and even femi adeshina admitted it on channels tv that he does not know the economic policy of the govt as he is not a member of the economic team,imagine.... so pls where did u get your economic plan from?

get your facts right BUhari admin has no clear economic policy

obailala:
Educating the naysayers is mostly a waste of time cos they derive their pleasure mainly from naysaying.

Dubious foreign exploiters want Nigeria to devalue its currency massively so they can make killer profits. Refusal to do this has led these foreign exploiters to pull out their funds from the Nigerian economy in order to arm twist, punish and frustrate the FG into devaluation; they keep using the 'sweet coated' excuse of 'lack of economic policy direction' to deceive the gullible. But the fact remains that the only economic policy these exploiters want to see is a devalued Naira, hence the continuous singing that the govt has 'no economic policy.'

"Economic Policy = Devaluation"

i keep asking you to prove nay sayers wrong, pls provide us the government economic document cos i can remember PDP having a vision 20-20-20 document and jonathan breaking it down further with a transformation document, under yar'adua it was the 7-point agenda

pls show us buhari's economic document

LadyExcellency:
Vision 20-20

PDP took over government in 1999 when Nigeria was 94th highest Economy in the World and left in 26th in 2015.

The vision is realizable within the next five years.

PDP eradicated polio, ICT penetration from 0.2% to over 60%, and a new contributory pension scheme now with trillions of Naira in pension fund

The capitalization of the Nigerian Stock Exchange grew from less than N1 trillion to N12 trillion as at handover.

Jonathan/PDP reduced Poverty by half
Jonathan left 12000Mw power capacity.
Jonathan's agricultural policies were fruitful.

Lady E, ordinarily i may not even have made any contribution to this discuss because I'm seeing this as gathering the clothes from the Clothes drying line after the has stopped falling.....

You highlighted a few things that i just couldn't help but counter...

Vision 20-20, which basically means Nigeria being a top 20 Economy by 2020, & what are the characteristics of a Top 20 economy? There are numerous but will restrict to a couple so this doesn't become too lengthy..

1.Access to Top notch education

2.Industrialization & almost 75% self sufficiency

3. Infrastructural Development

4. Unambiguous & fully defined GDP per capital growth

5. Strict adherence to due process

6. Law enforcement that guarantees 70-80% fairness.


Kindly tell which one Nigeria is on the path to

1. People now send secondary school age children to schools in Ghana

2. We import virtually everything even up to Pencils & toothpicks that we export timbers that are the base raw material.

3. No need starting on this, 3 pages won't come close

4. Minimum wage is 19,500, after deductions most of the people on this level don't go home with more than 15,000 which at 160 naira per dollar back than didn't even hit 100$ !!!! Less than 100$ for a whole month!!!!

5. We have a situation where contracts awarded don't go through tenders board, technical analysis, or even feasibility studies all because of cronyism & payment for such..

Payment can come from any source that the government believes is its sole preserve to act with impunity & no recourse to procurement process

6.This too is a 5 page minimum epistle....

Pray tell how 5 more years to vision 20 20 that is another conduit for corruption can even address any of this especially when no conscious effort is being put in place to check any of these!!

Vision 20 20 was/is all movement, no motion, An exercise in futility..

Polio, the past government did well with the assistance of DONOR agencies..

ICT Penetration, Pass mark but lot of work on pricing cos it isn't uhuru yet till 2 hrs streaming won't take out equivalent of a whole week's pay from one's pocket.

Pension Administration is the biggest scam Nigeria ia running after the Fuel Subsidy Scam, I can not count the no of retirees that discovered after their exit from service that more than 5 years that only their own part of the contribution made it to the PFA, government's never did, we also have extreme cases of both not even making it!! Stanbic, Trustfund , ARM are there for quick verification if the Steve Orosanye, Maina Waziri, Nellie Mayshak's Pension Scams sound far fetched.

Stock Market boom deceit, is another of the fraud that was perpetrated in this country , how many people bought downstream oil firms, Companies & bank shares between 2004-2008 based on the perception of "economic" boom that have now discovered that those Share certificates are now worthless papers today?

Portfolio companies isn't what development is about.. it is in the tangible/ real sector

Jonathan/PDP reduced Poverty by half? sure, in the lives of cronies & party faithfuls.... Obasanjo's "owo gbemu" is the only tangible of that era

12,000MW Capacity? Really? Capacity or actual end user AVAILABILITY?? Let's be clear..

Agricultural Policies? How? Giving Crony importers secret subsidies to bring in unbagged rice that is later bagged in Nigeria isn't what strides in agriculture is all about, Did the price of other food staples reduce? Garri, Beans, Maize, Yam, Wheatmeal l, Tomato, Oil, Egg, Potato etc... Did the policy impact their prices? 20% local production of one single food item isn't what should be taken on a campaign train!!!

I will however commend Jonathan for not listening to rabble rousers & "allowing" smooth transition of the country into the right hands, it may look bleak now but Rehab takes time,--one day at a time...

LadyExcellency:
Vision 20-20

PDP took over government in 1999 when Nigeria was 94th highest Economy in the World and left in 26th in 2015.

The vision is realizable within the next five years.

PDP eradicated polio, ICT penetration from 0.2% to over 60%, and a new contributory pension scheme now with trillions of Naira in pension fund

The capitalization of the Nigerian Stock Exchange grew from less than N1 trillion to N12 trillion as at handover.

Jonathan/PDP reduced Poverty by half
Jonathan left 12000Mw power capacity.
Jonathan's agricultural policies were fruitful.

may i also add that that

1.the GEJ government produced the highest new entry to the middle class in Nigerian history

2. doubled Nigeria's GDP

3. reduced by half Nigeria's food import bill

4. embarked on the construction of the most expensive power plants in Nigeria e.g mambilla9$6bn) and zungeru($780m) with clear funding plans

5. built from scratch and completed 10 new power plants

6. Added an additional 25000km of good roads to an all time low of 5000km

i can continue but lemme stop here

pls APC supporters go and advice your govt to start work time is running out

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Cc:mizmycoli, TippyTop
Teryfik Sdindan Roob chukkiephil ChappyChase Ishiamu gunuvi Truckpusher rozayx5 bomsilaga, erunz dunsman Nigerianvenom PRYCE Phockphockman, nwadiuko1, ibokUtoroh, Koded, iPrinz20 Aprokoman, OcheJoseph, Dearpreye, Firefire, tomakint Francizy, Temitemi1, Hinwazaka, Dumkem21 Biafranqueen, Mogidi, IsraeliAirforce, Candyrain, Ambivert, Rose2014, Opiaoku, Anonimi, Engineerboat, Talktimi, ahaika23, coolestrogue APCSucks Emperortj93 DebateNigeria Chukwudi44
, APCHaram

theshadyexpress:


you just re-listed campaign promises that have long been denied, i was expecting you to also add creation of 3 million jobs annually to it and also #1=$1

where is the official economic policy document of this admin? cos Lai mohammed has clearly denied what you wrote up there and passing it off as a party manifesto and not a govt roadmap and even femi adeshina admitted it on channels tv that he does not know the economic policy of the govt as he is not a member of the economic team,imagine.... so pls where did u get your economic plan from?

get your facts right BUhari admin has no clear economic policy

Read 31st of March 2016 statements. They are not campaign promise

The minister of information and culture Alhaji Lai Mohammed said that the signing of the budget by President Muhammadu Buhari would reflate the economy and uplift millions of Nigerians out of abject poverty.

He said that the budget would focus on infrastructure development which would in turn create jobs for unemployed Nigerians and wealth for workers in the construction industry.

“It is a budget of social inclusion. It is a budget that everybody is included’’.

Mohammed said that there was N500 billion provision for social intervention programmes targeted at employing 500,000 graduates, to be trained as teachers and deployed to primary schools.

He said the programmes also aimed at empowering 370,000 non-graduates such as artisans and technicians.

“It targets at training one million people such as farmers, market women, traders and entrepreneurs as well as giving them loan to start off.

“It aims at giving one meal to 4.5 million pupils from class 1 to 3 per day. It is also aimed at giving N5,000 to vulnerable Nigerians such as widows, aged people and disabled people in the rural areas.’’

The minister said the social intervention programmes also targeted at providing bursary and scholarship for students studying science, technology and engineering.

Read more at: http://www.vanguardngr.com/2016/03/no-rift-over-2016-budget-says-lai-mohammed/

LadyExcellency:
Vision 20-20

PDP took over government in 1999 when Nigeria was 94th highest Economy in the World and left in 26th in 2015.

The vision is realizable within the next five years.

PDP eradicated polio, ICT penetration from 0.2% to over 60%, and a new contributory pension scheme now with trillions of Naira in pension fund

The capitalization of the Nigerian Stock Exchange grew from less than N1 trillion to N12 trillion as at handover.

Jonathan/PDP reduced Poverty by half
Jonathan left 12000Mw power capacity.
Jonathan's agricultural policies were fruitful.

God bless you Sir. The OP wanted to ridicule Jonathan, but with this explanation, he has been ridiculed

The GSM they use to communicate with people, it is a result of PDP government privatization of the telecommunications Industry, I can go on, but let me observe.

tuale4u:


Read 31st of March 2016 statements. They are not campaign promise



Read more at: http://www.vanguardngr.com/2016/03/no-rift-over-2016-budget-says-lai-mohammed/

you are still dancing in circles, this are just mere statements please show us a policy document, and Lai was talking about an unpassed budget and for your information a budget is only list of govt priority for a fiscal year and it is meant to be an offshoot of an economic policy, pls can we get the economic policy document? even femi adeshina admitted on channels tv that he does not know the economic policy of the government and that is even the presidential spokesperson so pls tell us where u got yours

under jonathan we were never looking for an economic policy cos from the onset he had the transformation agenda document,under yar'adua we had the 7-point agenda, under buhari we are still waiting for the change agenda document
Buhari has no economic policy period

theshadyexpress:
The OP's intentions for opening this thread are not far-fetched,its just another cheap attempt by the APC zombies to keep smearing Jonathan/PDP with the hope that they'll be able to distract Nigerians from the visible failure of the APC led govt and also buy sufficient time for the govt using public sentiments and raising of pity parties. readers will notice that he tagged only staunch members of the zombie crew so as they can have a feast on this.

though im not fooled by the true scheming of the OP as regards the true intentions for opening this thread I'll go ahead to give a comprehensive breakdown of the economic policy of the Jonathan/PDP administration

ECONOMIC POLICY

1. De-emphasizing government ownership of business and encouraging full private ownership of means of production: people familiar with the GEJ government will always remember the quote "Government has no business in doing business"

2. Revolutionizing the Agric sector: the agric sector was transformed from been a social enterprise to been a fully commercial enterprise, the target for this sector was for Nigeria to be able to add an extra 20 million metric tonnes of food to its reserve

3. Full Privatisation of the power sector to encourage investments in power by the private sector: to this end there was a full privatisation of the genco's and disco's and a management contract for the TCN. those single policy saw the drastic reduction in the budget for the power ministry as the bulk of funding was to come from the private sector in form of investments

4. Complete divestment from all existing govt businesses: there were renewed efforts to resuscitate the ailing ajaokuta steel company and the government saw to the sale of the comatose Nitel/Mtel govt owned telecom companies.

5. Revitalisation of Railways and Airports to ease transportation for a smooth flow of economic activities: the already comatose railways were gradually brought back to life and new railway contracts were entered into with counter-part funding coming from Chinese state construction company CCECC and the govt also embarked on the construction of river ports on routes along the already dredged river niger while also seeking for privatise the already commissioned dry port in anambra state

6. Encouraging Businesses to expand so as to employ more people and also encouraging SME's to flourish with intiatives such as the SME fund and YOUWIN

i can go on and on but lemme stop here for now, Jonathan's economic direction was well spelt out in the transformation document at the inception of his administration and this provided a direction to investors on how to key into the agenda of government.

the results:

Nigeria became the No1 investment destination in africa with annual FDI of $10bn

Nigeria became the largest economy in africa

Nigeria had the fastest growing economy in the world second only to China



its obvious the Buhari team have no clue about governance,their trial and error methods keeps back-firing, For crying out loud Jonathan has left government for you for almost a year now yet you are yet to sit down and run your government, stop acting as opposition to your own govt and get serious


God bless GEJ

GEJ had good ideas but his mistake was surrounding himself with vultures. Vultures he was not strong enough to control. He is a calm man, too calm for the demons in his cabinet. In the end, they succeeded in destroying his legacy and tarnishing his image. Even his wife was part of the vultures

chaos, more chaos, booze and women. sums up the years of the locust president

LadyExcellency:
Vision 20-20

PDP took over government in 1999 when Nigeria was 94th highest Economy in the World and left in 26th in 2015.

The vision is realizable within the next five years.

PDP eradicated polio, ICT penetration from 0.2% to over 60%, and a new contributory pension scheme now with trillions of Naira in pension fund

The capitalization of the Nigerian Stock Exchange grew from less than N1 trillion to N12 trillion as at handover.

Jonathan/PDP reduced Poverty by half
Jonathan left 12000Mw power capacity.
Jonathan's agricultural policies were fruitful.

21st

blackpanda:


GEJ had good ideas but his mistake was surrounding himself with vultures. Vultures he was not strong enough to control. He is a calm man, too calm for the demons in his cabinet. In the end, they succeeded in destroying his legacy and tarnishing his image. Even his wife was part of the vultures

im happy youve subtly accepted that GEJ had a plan, but like a typical APC supporter you'll always find an excuse ridicule him, now if with all the vultures around him he was able to achieve that much then why is Nigeria retrogressing under the saintly regime? its just a matter of time before GEJ will be vindicated, im beginning to like his silence in the face false accusation and massive smear campaigns cos that indeed has more than ever proven to be the answer for ..........

owotonbinu:
Often times we hear opposition come out to complain about buhari's lack of economic policy direction, I keep wondering if there were any visible economic policy set up by previous governments especially jonathan's administratiom. One thing is certain no serious government just comes and starts rolling out policies without studying what is on ground, besides most times I don't get carried away by all this internet users cum professional economist, Nigerians know solutions to all problems when they are on the sidelines but put them there they fail woefully, one fact is nigerian economy cannot be solved by mere textbook solutions due to poor statistics and poor/no data records. The present government is gradually taking on the economy issues and I believe with time results would begin to show just like in the area of insurgency. Now my question is what economic policy direction did the jonathan administration geared towards. Sorry for any typographical error, used my phone. Thanks

Cc omenka, passingshot,modath,ngeneukwenu,abagworo,beremx,searchiing4love.

The replies on your thread are sufficient to answer your questions. As for you, why are you asking of only Jonathan' economic policies when OBJ ruled for eight years as against Jonathan's five?

theshadyexpress:


im happy youve subtly accepted that GEJ had a plan, but like a typical APC supporter you'll always find an excuse ridicule him, now if with all the vultures around him he was able to achieve that much then why is Nigeria retrogressing under the saintly regime? its just a matter of time before GEJ will be vindicated, im beginning to like his silence in the face false accusation and massive smear campaigns cos that indeed has more than ever proven to be the answer for ..........

People like u are unable to think without bias. The facts are there for any intelligent person to see. GEJ set up TSA, did it work?? GEJ set up BVN, did it work?? GEJ started the negotiations with china, but today those dumb wailers are blaming buhari for signing it, mostly out of ignorance! GEJ started contruction of nigerian railways, but what happened? Massive looting to the point the project is just hanging there. What of east-west road in nigerdelta? That one has just been a conduit pipe for siphoning billions by successive ministers.
Its not about supporting party blindly out of bias. Its about facing facts. If buhari messes up then we must kick him out. But dont come out to make unsubstantiated noiseb

blackpanda:


People like u are unable to think without bias. The facts are there for any intelligent person to see. GEJ set up TSA, did it work?? GEJ set up BVN, did it work?? GEJ started the negotiations with china, but today those dumb wailers are blaming buhari for signing it, mostly out of ignorance! GEJ started contruction of nigerian railways, but what happened? Massive looting to the point the project is just hanging there. What of east-west road in nigerdelta? That one has just been a conduit pipe for siphoning billions by successive ministers.
Its not about supporting party blindly out of bias. Its about facing facts. If buhari messes up then we must kick him out. But dont come out to make unsubstantiated noiseb

youre still reading a script and for your information im not bias i just cant help calling a spade a spade its my nature, now lemme breakdown your script for you again

1. GEJ set up TSA but had a detailed template for implementation such that the banking sector will not collapse under its implementation and not the military style buhari approached that has resulted in a massive job loss in the banking sector

2. who told you BVN did not work? can you provide facts? pls dont spill ignorance all over this thread,get your facts right

3. GEJ started negotiations with china and they were doing fine except in core areas where the admin felt it might be shortchanged, i can list some of the goodies GEJ brought from china e.g the construction of a new terminal at the lagos airport,the construction of a 600mw power plant in bauchi,the construction of the 700mw zungeru power plant,the abuja-kaduna rail project, the lagos to kano-rail project et al till date this projects are still been funded with the chinese funding secured by GEJ, so that your massive looting claim is just what it is, the usual crap APC uses in deceiving gullible nigerians

4. Nigerian railways have never had it good under any administration in Nigeria than it did under jonathan, he restored all abandoned routes, modernized them and began the construction of new lines, once again get your facts right

5. east-west road in the niger delta was re-designed and re- appraised under jonathan and is also the second most expensive road project in nigeria second to the lagos ibadan expressway, and it had reached a 90% completion stage when jonathan handed over, the facts are there acquaint yourself with them. once again stop shouting looting as if you have any evidence of what youre saying

6. you say if buhari messes up youll kick him out, well i hope to see how that'll happen when this admin is yet to conduct a successful election in one single LGA

you can have your personal grouse with the GEJ admin but dont by any means try to distort his achievements,

Tell buhari to start working, i cant stand with a man that has no clear stance (economic Policy)

blackpanda:


People like u are unable to think without bias. The facts are there for any intelligent person to see. GEJ set up TSA, did it work?? GEJ set up BVN, did it work?? GEJ started the negotiations with china, but today those dumb wailers are blaming buhari for signing it, mostly out of ignorance! GEJ started contruction of nigerian railways, but what happened? Massive looting to the point the project is just hanging there. What of east-west road in nigerdelta? That one has just been a conduit pipe for siphoning billions by successive ministers.
Its not about supporting party blindly out of bias. Its about facing facts. If buhari messes up then we must kick him out. But dont come out to make unsubstantiated noiseb

youre still reading a script and for your information im not bias i just cant help calling a spade a spade its my nature, now lemme breakdown your script for you again

1. GEJ set up TSA but had a detailed template for implementation such that the banking sector will not collapse under its implementation and not the military style buhari approached that has resulted in a massive job loss in the banking sector

2. who told you BVN did not work? can you provide facts? pls dont spill ignorance all over this thread,get your facts right

3. GEJ started negotiations with china and they were doing fine except in core areas where the admin felt it might be shortchanged, i can list some of the goodies GEJ brought from china e.g the construction of a new terminal at the lagos airport,the construction of a 600mw power plant in bauchi,the construction of the 700mw zungeru power plant,the abuja-kaduna rail project, the lagos to kano-rail project et al till date this projects are still been funded with the chinese funding secured by GEJ, so that your massive looting claim is just what it is, the usual crap APC uses in deceiving gullible nigerians

4. Nigerian railways have never had it good under any administration in Nigeria than it did under jonathan, he restored all abandoned routes, modernized them and began the construction of new lines, once again get your facts right

5. east-west road in the niger delta was re-designed and re- appraised under jonathan and is also the second most expensive road project in nigeria second to the lagos ibadan expressway, and it had reached a 90% completion stage when jonathan handed over, the facts are there acquaint yourself with them. once again stop shouting looting as if you have any evidence of what youre saying

6. you say if buhari messes up youll kick him out, well i hope to see how that'll happen when this admin is yet to conduct a successful election in one single LGA

you can have your personal grouse with the GEJ admin but dont by any means try to distort his achievements,

Tell buhari to start working, i cant stand with a man that has no clear stance (economic Policy)

If this incompetent apc government measures it achievement compared to pdp governments, then nigerians should not expect much from them as well.

PDP governments were shallow, sham, inferior and complete failures.

International standard is the key.

modath:


Lady E, ordinarily i may not even have made any contribution to this discuss because I'm seeing this as gathering the clothes from the Clothes drying line after the has stopped falling.....

You highlighted a few things that i just couldn't help but counter...

Vision 20-20, which basically means Nigeria being a top 20 Economy by 2020, & what are the characteristics of a Top 20 economy? There are numerous but will restrict to a couple so this doesn't become too lengthy..

1.Access to Top notch education

2.Industrialization & almost 75% self sufficiency

3. Infrastructural Development

4. Unambiguous & fully defined GDP per capital growth

5. Strict adherence to due process

6. Law enforcement that guarantees 70-80% fairness.


Kindly tell which one Nigeria is on the path to

1. People now send secondary school age children to schools in Ghana

2. We import virtually everything even up to Pencils & toothpicks that we export timbers that are the base raw material.

3. No need starting on this, 3 pages won't come close

4. Minimum wage is 19,500, after deductions most of the people on this level don't go home with more than 15,000 which at 160 naira per dollar back than didn't even hit 100$ !!!! Less than 100$ for a whole month!!!!

5. We have a situation where contracts awarded don't go through tenders board, technical analysis, or even feasibility studies all because of cronyism & payment for such..

Payment can come from any source that the government believes is its sole preserve to act with impunity & no recourse to procurement process

6.This too is a 5 page minimum epistle....

Pray tell how 5 more years to vision 20 20 that is another conduit for corruption can even address any of this especially when no conscious effort is being put in place to check any of these!!

Vision 20 20 was/is all movement, no motion, An exercise in futility..

Polio, the past government did well with the assistance of DONOR agencies..

ICT Penetration, Pass mark but lot of work on pricing cos it isn't uhuru yet till 2 hrs streaming won't take out equivalent of a whole week's pay from one's pocket.

Pension Administration is the biggest scam Nigeria ia running after the Fuel Subsidy Scam, I can not count the no of retirees that discovered after their exit from service that more than 5 years that only their own part of the contribution made it to the PFA, government's never did, we also have extreme cases of both not even making it!! Stanbic, Trustfund , ARM are there for quick verification if the Steve Orosanye, Maina Waziri, Nellie Mayshak's Pension Scams sound far fetched.

Stock Market boom deceit, is another of the fraud that was perpetrated in this country , how many people bought downstream oil firms, Companies & bank shares between 2004-2008 based on the perception of "economic" boom that have now discovered that those Share certificates are now worthless papers today?

Portfolio companies isn't what development is about.. it is in the tangible/ real sector

Jonathan/PDP reduced Poverty by half? sure, in the lives of cronies & party faithfuls.... Obasanjo's "owo gbemu" is the only tangible of that era

12,000MW Capacity? Really? Capacity or actual end user AVAILABILITY?? Let's be clear..

Agricultural Policies? How? Giving Crony importers secret subsidies to bring in unbagged rice that is later bagged in Nigeria isn't what strides in agriculture is all about, Did the price of other food staples reduce? Garri, Beans, Maize, Yam, Wheatmeal l, Tomato, Oil, Egg, Potato etc... Did the policy impact their prices? 20% local production of one single food item isn't what should be taken on a campaign train!!!

I will however commend Jonathan for not listening to rabble rousers & "allowing" smooth transition of the country into the right hands, it may look bleak now but Rehab takes time,--one day at a time...

I may not have time to follow-up on this topic, however, as I said before, PDP and Jonathan were no saints.

Did they meet my expectations, certainly No, my score to them = barely 40%

Did PDP had a vision to make Nigeria great - Yes

Without Bokoharam, Jonathan would've exceeded expectations far above some of his landmark achievements. Though he learned on the Job, he had a pan Nigeria focus for which he evenly developed all regions according to resources available to him.

Education: what percentage of Nigerians school abroad? I bet it wouldn't exceed 0.0005% hence insignificant and moreover, some do it out of pride while some others think that the system values certificate gotten outside our shores. I know that Jonathan left 1.3 trillion in Tetfund account to boost Nigeria University/Polytechnic education including individual researchers.

You called Agriculture and Stock Market (even without annual budget) breakthroughs a fraud? Give it a break already, the facts and figures are there to substantiate the claims. World Bank, African development Bank and IMF, all corroborated in applauding the results.

Before, I sign off depending on my schedules. I leave you with these Professor Soludo's analysis which was rather a conservative scorecard and below the reality.

PDP Handed Nigeria Over In A Better State Than It Met Nigeria - Soludo


Every team serious about ‘change’ starts with a clear identification of the baseline from which it measures deviations/progress. Nigeria has had 16 uninterrupted years of democracy with the PDP controlling the federal government as well as majority of the states. APC is now in charge at both the centre and majority of the states.

A minimum standard for measuring ‘change’ is the extent to which APC government beats the record of the PDP in measurable terms. As the saying goes, if you can’t measure it, you can’t improve/change it!

Government must strengthen the National Bureau of Statistics (NBS) and preserve its independence to produce and publish credible national statistics. It needs serious funding. I really wish our policymakers can be a little less careless or casual about the use of official statistics. I criticised the last government for relying on ‘estimates’ by World Bank staff instead of the NBS statistics. When I hear the narrative so far in the media by the new government regarding the economy, I take it largely as the kind of ‘usual propaganda’ new officials deploy to show that their predecessors “did nothing” and therefore lay the ground for claiming that they are “doing everything for the first time in our history”.

Fortunately also, there are many people as well taking a hard look at the numbers and recording scores. At AfriHeritage, we are developing a template for measuring government performance.

As Nigeria has largely evolved into a two party state in a democracy, I prefer to frame the discourse on the baseline as ‘PDP’s legacy and the APC’s challenge’!
Since it is the practice to blame the PDP for every ill that befell our country in the last 16 years (and there are many of them) it is also fair to credit them with the positive ones.

According to data from NBS, one outstanding legacy of the PDP is that in 16 years it held sway, it more than doubled the GDP of Nigeria (indeed with average year-on-year GDP growth rate in excess of 6% over the past 12 years, the GDP actually doubled within the last 12 years. It met average annual growth rate of about 2% and raised it to 6-7%, led by the non-oil sector[/b]. Yes, non-oil sector, and the “diversification” reported in the recently re-based GDP happened within the last 16 years.

Will the economy more than double in the next 12 years under the APC? For me, if only the APC can double the size of GDP from about $550 billion to $1.1 trillion in 12 -16 years, and further half the poverty index, Nigeria will indeed be on course to be one of the largest 10 economies in the world by the end of this century.

As at 1999 when PDP came to power, Nigeria was largely a pariah state still lucky to have survived as one indivisible sovereign, especially in the context of the struggle by NADECO and restiveness in many parts of the country.

On corruption, Transparency International scored it 1.6 out of 10 and ranked 98 out of 99 countries in 1999. Nigeria was listed among four countries that were non-compliant on the anti-money laundering rules by the Financial Action Task Force (FATF). We could not service our external debt and relied on stressful rescheduling, with all the intrusive donor conditionalities. Poverty was estimated at 70%, and unemployment at nearly 20%.

The 1990s will go down in our economic history as the decade of stagnation: when per capita income growth was zero. [b]Average oil price in May 1999 when President Obasanjo took over was $15.24 while stock of reserves was about $5 billion.

After 16 years, several challenges remain and some have even worsened (especially insecurity). Although President Jonathan’s regime had the worst economic management relative to the resources at its disposal, it must be stressed that tremendous progress was made in the aggregate 16 years of PDP government. Yes, it should have left more than $100 billion in reserves but left only $30 billion (still about six times of what it met).

We also wish that Jonathan’s team did not leave Nigeria with unprecedented rate of debt accumulation. But, according to statistics from NBS, the PDP handed over a $550 billion economy (largest in Africa and 26th in the world), with 7.5% unemployment rate (better than European Union, France, Sweden, Belgium, etc although the underemployment figure is much higher); 32%?? poverty rate (as claimed by the former Finance Minister, or 61%??: NBS needs to clarify this claim); a stock of reserves of $30 billion; GDP growth rate averaging 6% over last 12 years; a relatively more diversified economy, with ICT penetration from 0.2% to over 60%, and a new contributory pension scheme now with trillions of Naira in pension fund. Our external debt is down although total debt stock is escalating. Our Gini coefficient (degree of inequality) is not different from China’s. Nigeria has consolidated and stronger banking system that currently finances both government debt and the private sector, with a relatively vibrant capital market. The capitalization of the Nigerian Stock Exchange grew from less than N1 trillion to N12 trillion as at handover.

For the first time, Nigerian economy is now rated by credit rating agencies (Fitch, and Standard and Poor’s). Even on corruption perception, Nigeria is far better today than in 1999, and PDP created the two major anti-corruption agencies — ICPC and EFCC, and as at 2014 TI scored Nigeria 2.7 and ranked 136 out of 175 countries. PDP secured debt relief for Nigeria, thereby relieving Nigeria from the stranglehold of the IMF/World Bank policy conditionalities. APC does not have to negotiate with Washington on many economic policies. The list is long. PDP passed the 2015 Administration of criminal Justice bill, a perfect document in fighting corruption

The point therefore is that despite the fall in oil price, APC is starting from a much stronger base than PDP did in 1999 and the challenge now is to do far better. In the coming years, Nigerians will be asking APC to show us their figures!

There are more to achieve and I pray APC gets it right with this record breaking 2016 budget and not give Nigerians the same excuse Yar'dua government gave when they achieve only 25% actual performance of our annual budget and claimed that it saved money for Nigeria amid infrastructural decay, under-development and wider gap between rural/urban development.

[[s]quote author=theshadyexpress post=44745054]
youre still reading a script and for your information im not bias i just cant help calling a spade a spade its my nature, now lemme breakdown your script for you again

1. GEJ set up TSA but had a detailed template for implementation such that the banking sector will not collapse under its implementation and not the military style buhari approached that has resulted in a massive job loss in the banking sector

2. who told you BVN did not work? can you provide facts? pls dont spill ignorance all over this thread,get your facts right

3. GEJ started negotiations with china and they were doing fine except in core areas where the admin felt it might be shortchanged, i can list some of the goodies GEJ brought from china e.g the construction of a new terminal at the lagos airport,the construction of a 600mw power plant in bauchi,the construction of the 700mw zungeru power plant,the abuja-kaduna rail project, the lagos to kano-rail project et al till date this projects are still been funded with the chinese funding secured by GEJ, so that your massive looting claim is just what it is, the usual crap APC uses in deceiving gullible nigerians

4. Nigerian railways have never had it good under any administration in Nigeria than it did under jonathan, he restored all abandoned routes, modernized them and began the construction of new lines, once again get your facts right

5. east-west road in the niger delta was re-designed and re- appraised under jonathan and is also the second most expensive road project in nigeria second to the lagos ibadan expressway, and it had reached a 90% completion stage when jonathan handed over, the facts are there acquaint yourself with them. once again stop shouting looting as if you have any evidence of what youre saying

6. you say if buhari messes up youll kick him out, well i hope to see how that'll happen when this admin is yet to conduct a successful election in one single LGA

you can have your personal grouse with the GEJ admin but dont by any means try to distort his achievements,

Tell buhari to start working, i cant stand with a man that has no clear stance (economic Policy)[/quote][/s]


Load of horse shit!

You claim TSA would have collapsed the banking sector, yet we are implementing it now and banking sector is still recording the highest gains in nigerian stock exchange

The east west road lies you are trying to propagate has no bearing with reality. The project commenced in 2010. After gulping a whopping $1.34 billion, orubebe claimed it was now where near completion and asked for more money. Its the same orubebe thats facing corruption charges initiated by one of his contractors he tried to swindle!

Dont come and post lies for gullible folks to swallow. If you must wail, wail with facts!

theshadyexpress:
The OP's intentions for opening this thread are not far-fetched,its just another cheap attempt by the APC zombies to keep smearing Jonathan/PDP with the hope that they'll be able to distract Nigerians from the visible failure of the APC led govt and also buy sufficient time for the govt using public sentiments and raising of pity parties. readers will notice that he tagged only staunch members of the zombie crew so as they can have a feast on this.

though im not fooled by the true scheming of the OP as regards the true intentions for opening this thread I'll go ahead to give a comprehensive breakdown of the economic policy of the Jonathan/PDP administration

ECONOMIC POLICY

1. De-emphasizing government ownership of business and encouraging full private ownership of means of production: people familiar with the GEJ government will always remember the quote "Government has no business in doing business"

2. Revolutionizing the Agric sector: the agric sector was transformed from been a social enterprise to been a fully commercial enterprise, the target for this sector was for Nigeria to be able to add an extra 20 million metric tonnes of food to its reserve

3. Full Privatisation of the power sector to encourage investments in power by the private sector: to this end there was a full privatisation of the genco's and disco's and a management contract for the TCN. those single policy saw the drastic reduction in the budget for the power ministry as the bulk of funding was to come from the private sector in form of investments

4. Complete divestment from all existing govt businesses: there were renewed efforts to resuscitate the ailing ajaokuta steel company and the government saw to the sale of the comatose Nitel/Mtel govt owned telecom companies.

5. Revitalisation of Railways and Airports to ease transportation for a smooth flow of economic activities: the already comatose railways were gradually brought back to life and new railway contracts were entered into with counter-part funding coming from Chinese state construction company CCECC and the govt also embarked on the construction of river ports on routes along the already dredged river niger while also seeking for privatise the already commissioned dry port in anambra state

6. Encouraging Businesses to expand so as to employ more people and also encouraging SME's to flourish with intiatives such as the SME fund and YOUWIN

i can go on and on but lemme stop here for now, Jonathan's economic direction was well spelt out in the transformation document at the inception of his administration and this provided a direction to investors on how to key into the agenda of government.

the results:

Nigeria became the No1 investment destination in africa with annual FDI of $10bn

Nigeria became the largest economy in africa

Nigeria had the fastest growing economy in the world second only to China



its obvious the Buhari team have no clue about governance,their trial and error methods keeps back-firing, For crying out loud Jonathan has left government for you for almost a year now yet you are yet to sit down and run your government, stop acting as opposition to your own govt and get serious


God bless GEJ

Though you made points but your opening paragraph protrays you as someone with an axe to grind in other words you sound like a sore loser . Let me ask if you had 16 years and was not able to do all you listed then would you have been proud of your party? The point is APC can not be compared with PDP just yet they need to prove themselves and that can't be done in just 1 year for Goodness sake that's why they have at least 4 years. I don't know where you are or how old you were in 1999 but I can tell you there was great sufferings during the first few years of PDP reign greater than we are feeling now but most Nigerians still kept faith up till now .

blackpanda:
[[s]quote author=theshadyexpress post=44745054]

Load of horse shit!

You claim TSA would have collapsed the banking sector, yet we are implementing it now and banking sector is still recording the highest gains in nigerian stock exchange

The east west road lies you are trying to propagate has no bearing with reality. The project commenced in 2010. After gulping a whopping $1.34 billion, orubebe claimed it was now where near completion and asked for more money. Its the same orubebe thats facing corruption charges initiated by one of his contractors he tried to swindle!

Don't come and post lies for gullible folks to swallow. If you must wail, wail with facts!

you're still making no sense, if at all you're smart you'll see my emphasis was on the job loss and the current scarcity of funds in the banking system and for your information even during the ban consolidation era many banks still witnessed share appreciation and for the bolded its not a new thing for APC folks to throw charges of corruption at anybody its your stock in trade especially when bereft of sound argument

you definitely lack any sense of economic analysis

good day

Cc:lalasticlala

theshadyexpress:


you're still making no sense, if at all you're smart you'll see my emphasis was on the job loss and the current scarcity of funds in the banking system and for your information even during the ban consolidation era many banks still witnessed share appreciation and for the bolded its not a new thing for APC folks to throw charges of corruption at anybody its your stock in trade especially when bereft of sound argument

you definitely lack any sense of economic analysis

good day

Cc:lalasticlala

And ur comment lack any iota of sense at all. I believe my write up is clean and clear for any intelligent person to see. Contrary to ur bogus lies, allegations against orubebe is not by apc. Its by orubebe's contractor and it even started in jonathan's time

Stop telling lies and hide your head in shame!