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Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili (31584 Views)

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Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by ShowYourCertificate: 7:25am On May 01, 2016
Omenka et al will avoid this thread like plague grin

3 Likes

Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by omenka(m): 7:33am On May 01, 2016
ShowYourCertificate:
Omenka et al will avoid this thread like plague grin
Do you people see Omenka in your dreams?? If I comment, na problem, if I don't, problem again and you wail till eternity. cheesy

Obi's opinion is Obi's opinion. Omenka's is Omenka's. Got problems with that??
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by ShowYourCertificate: 7:50am On May 01, 2016
Obi just rubbished Buhari's economic policies and you are here saying she's entitled to her opinion instead coming to your mentors aid. Omenka you've just let Buhari down sad

1 Like

Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by rotimioceans(m): 8:14am On May 01, 2016
oduastates:
I PREDICTED THIS CRISIS IN 2014 WHEN ALL THESE SO CALLED EXPERTS WERE SHOUTING TRANSFORMATION AGENDA AND "LARGEST" ECONOMY IN THE WORLD.
I wrote about exactly what was going to happens
I beg to disagree.
The Nigerian non-economy has always been non-existent.
Take a trip to a high brow hotel, political gathering or an international/domestic airports and you would think that Nigeria is a country full of industrialist and big corporations with all the big cars, 95% of American cannot afford, private jets and $1,000 cocktails being quashed in bars on the island.
Only Buhari or the Niger Delta militants can do Nigerians a favour.
Switch off the damn oil so that Nigerians can grow some brains.
Just like Mao and Stalin taught their people a bitter lesson in self reliance.
Shape up or starve to death.
We go through the motion of copying oyinbos like our so called democracy .
Stock market ,capital markets and all that crap.
In reality, there is a barely a trace of governance, functioning economy and all.
This is why the devaluation, revaluation or the appreciation of the currency makes no difference.
The biggest jokes
How else can you determine?
The relationship between rents and buying houses.
Those housing prices are same or more in many Nigerian cities than in many places in America,Canada and uk.
Yet you get more from renting in those 3 countries.
There you have it. An absolute disconnect.
The crap we import are not only of less quality than the equivalent bought overseas, they are also more expensive.
It is during a period of crisis that true leaders are known. Just like Pat Utomi, El Rufai, I hereby scratch Ekwesili from my list of potential presidents.


Let me tell you a short story of what happened when the oil prices began to crash, just between October 2014 and May 2015 when GEJ handed over:

(1) The Naira fell from N166/167 to N220 to $1, meanwhile oil still sold at about $65/barrel as at May 2015.
https://naijapricecheck.com/

(2) The nation's foreign reserves dropped from ~$38.5bn to $28.7billion, that's a drop of about $10billion in 7 months, with oil still selling at about $65/barrel as at May 2015.
http://www.cenbank.org/intops/Reserve.asp

(3) Nigeria's GDP growth rate which was maintained at an average of 6-7% suddenly dropped to its lowest since 1999 of 2.3%.
http://www.tradingeconomics.com/nigeria/gdp-growth-annual

(4) Due to a severe cash crunch occasioned by fall in oil prices, the Nigerian government had to borrow about $2.4billion dollars early in 2015 to pay salaries. The FG could not also pay accumulated arrears of fuel subsidy since August 2014 to petroleum importers (this led to the fuel scarcity in May 2015 just before the handover and Lai Mohammed also blamed this owed fuel subsidy as the reason behind the fuel scarcity late last year)
http://www.vanguardngr.com/2015/05/nigeria-borrows-to-pay-salaries-with-cash-crunch-worsening/
http://www.channelstv.com/2015/12/21/lai-mohammed-blames-fuel-crisis-on-past-administration/

Note that all of the above happened at a time when oil still sold above $65/barrel; today oil sells for about $30/barrel

Now I do not want to imagine the kind of economic humanitarian crisis that would have enveloped Nigeria had GEJ continued in his usual manner of dipping his hands into the forex reserves; only God saved us as a nation else we would have been standing on long queues by now to receive one cup of rice daily from W.H.O or UN outlets.


Did I just hear you say continuity of those four (4) negative events I just pointed out above?
Are you aware that the FG under Buhari has not borrowed to pay salaries? It even bailed out the states
Are you aware the FG has paid off subsidy arrears owed to oil importers even since the days of GEJ?
Are you aware the FG/CBN has been able to maintain virtually the same forex reserve amount that it inherited till date?... Unlike GEJ that crashed it by $10billion in 7 months of oil price crash?
And now all these have been done when oil sells for less than half of what it was when GEJ was handing over and you think the present government is more useless?? I challenge you to tell me that these figures and indices I have written here are wrong, kindly explain to us your 'empirical' evidence.

2 Likes 1 Share

Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by ObinnaIzuora: 9:08am On May 01, 2016
CyberWolf:
That ediot told her boy friend mod to deal with me just for no reason.. I was banned for almost 4 months for no reason angry .. I promised her that I will deal with her, maybe that's why she quickly left NL sad .. See her bald hungry husband like wetin poverty use do morning ritual grin

You have no shame at all. Smh
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by ObinnaIzuora: 9:10am On May 01, 2016
CyberWolf:
Oby Ezekwesili is not the same Obiagelli of NL.. The real name of Obiagelli is Obiageli **** cool .. If you want her pictures, I will help you.

Post it nah and you will live to regret it. Coward
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by CyberWolf: 9:10am On May 01, 2016
ObinnaIzuora:


Post it nah and you will live to regret it. Coward
Ask dunkem21
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by ObinnaIzuora: 9:45am On May 01, 2016
CyberWolf:
Ask dunkem21

Noise maker, why not repost it again and watch your ugly pics all over nairaland. Coward
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by dunkem21(m): 9:46am On May 01, 2016
CyberWolf:
Ask dunkem21

This case is closed embarassed
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by Xano(m): 11:26am On May 01, 2016
SeverusSnape:


^^^ But some despicable zombies said there's no more corruption grin meanwhile the corrupt practices being perpetrated now is the worst ever.

By the way, Why is she squalling??... Wasn't she among those who said the dullard is the best thing to happen to this country??... Now she knows she has been scammed.

P.S: I appeal to all wailers chairmen nationwide not to sell the 'wailers' form' to her. She remains a zombie.

cheesy easy now cheesy
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by CyberWolf: 11:52am On May 01, 2016
ObinnaIzuora:


Noise maker, why not repost it again and watch your ugly pics all over nairaland. Coward
undecided
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by Okanokan(m): 12:52pm On May 01, 2016
Na now you know!
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by dafuturis(m): 12:56pm On May 01, 2016
azaino:


wonderful response but let me ask you, how many rice farm does he has, how much does he spend on his own food, how many companies or industries has he established from 1985 to date. #talkischeap

Another Joker
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by ahaika23: 1:51pm On May 01, 2016
cheesy Elected a cow farmer to be president, and you want your country not to be a ranch? grin

2 Likes

Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by grandstar(m): 5:10pm On May 03, 2016
989900:
I can't fault her criticisms, but I was looking for her alternative suggestions; can't find one.

If you say a girl is rude and you want her to change, it means you want her to be polite.

If you say a boy is dirty and you want him to change, you mean he wants him to be neat.

She see used the terms opaque and arvchaic, it simply means that she sipports the liberalisation and deregulation of the economy which will also include a devaluation of the naira which will definitely happen if the currency was allowed to float.

You can't have diminishing forex income and your currency remains static.

The Canadian dollar was at par with the US dollar during the oil boom that ended in 2014

Now the US$ can buy 1.35 Canadian dollars due to a crash in oil prices.

Buhari is simply avoiding the impossible.

It is much easier to stop a bullet train with one hand than to stop a depreciating currency by fiat! It will not work!

1 Like

Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by olorunda68: 5:27pm On May 03, 2016
grandstar:


If you say a girl is rude and you want her to change, it means you want her to be polite.

If you say a boy is dirty and you want him to change, you mean he wants him to be neat.

She see used the terms opaque and arvchaic, it simply means that she sipports the liberalisation and deregulation of the economy which will also include a devaluation of the naira which will definitely happen if the currency was allowed to float.

You can't have diminishing forex income and your currency remains static.

The Canadian dollar was at par with the US dollar during the oil boom that ended in 2014

Now the US$ can buy 1.35 Canadian dollars due to a crash in oil prices.

Buhari is simply avoiding the impossible.

It is much easier to stop a bullet train with one hand than to stop a depreciating currency by fiat! It will not work!

I love buhari for daring to do what the so called "expat" term impossible. With God on Nigeria side nothing will be impossible!
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by grandstar(m): 5:51pm On May 03, 2016
olorunda68:
I love buhari for daring to do what the so called "expat" term impossible. With God on Nigeria side nothing will be impossible!

Its. 320 at the black market from 210

Its pretty obvious to all that he succeeded!!

1 Like

Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by 989900: 6:12pm On May 03, 2016
grandstar:


[s]If you say a girl is rude and you want her to change, it means you want her to be polite.

If you say a boy is dirty and you want him to change, you mean he wants him to be neat.

She see used the terms opaque and arvchaic, it simply means that she sipports the liberalisation and deregulation of the economy which will also include a devaluation of the naira which will definitely happen if the currency was allowed to float.

You can't have diminishing forex income and your currency remains static.

The Canadian dollar was at par with the US dollar during the oil boom that ended in 2014

Now the US$ can buy 1.35 Canadian dollars due to a crash in oil prices.

Buhari is simply avoiding the impossible.

It is much easier to stop a bullet train with one hand than to stop a depreciating currency by fiat! It will not work![/s]

Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by olorunda68: 8:53am On May 04, 2016
grandstar:


Its. 320 at the black market from 210

Its pretty obvious to all that he succeeded!!

my friend the black market #320 to $1 can be likened to a man taking a goat to the market to sell, the man should be at the front holding the rope and pulling the goat and not the goat in front taking the man to the market, be master of your destiny, don't let destiny master you! I hope you get my drift sir!grin
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by grandstar(m): 8:58am On May 04, 2016
olorunda68:
my friend the black market #320 to $1 can be likened to a man taking a goat to the market to sell, the man should be at the front holding the rope and pulling the goat and not the goat in front taking the man to the market, be master of your destiny, don't let destiny master you! I hope you get my drift sir!grin
who taught you economics

1 Like

Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by able20(m): 9:23am On May 04, 2016
THE NEXT IN LINE TO JOIN THE WAILERS PRESTIGIOUS CLUB IS THE CHIEF ZOMBIE HIMSELF THE FROG EYE TINUBU
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by olorunda68: 11:51am On May 04, 2016
grandstar:
who taught you economics
Life sir!grin Abi who textbook economics EPP?

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