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Nairaland Forum / Nairaland / General / Politics / Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili (31785 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 3 Likes |
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by omenka(m): 7:33am On May 01, 2016 |
ShowYourCertificate:Do you people see Omenka in your dreams?? If I comment, na problem, if I don't, problem again and you wail till eternity. 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 1 Like |
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by rotimioceans(m): 8:14am On May 01, 2016 |
oduastates: 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: 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: 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:Ask dunkem21 |
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by ObinnaIzuora: 9:45am On May 01, 2016 |
CyberWolf: 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: This case is closed |
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by Xano(m): 11:26am On May 01, 2016 |
SeverusSnape: easy now |
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by CyberWolf: 11:52am On May 01, 2016 |
ObinnaIzuora: |
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: Another Joker |
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by ahaika23: 1:51pm On May 01, 2016 |
Elected a cow farmer to be president, and you want your country not to be a ranch? 2 Likes |
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by grandstar(m): 5:10pm On May 03, 2016 |
989900: 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: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: 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: |
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by olorunda68: 8:53am On May 04, 2016 |
grandstar: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! |
Re: Buhari’s Economic Policies “opaque, Archaic” – Oby Ezekwesili by grandstar(m): 8:58am On May 04, 2016 |
olorunda68: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:Life sir! Abi who textbook economics EPP? |
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