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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Economy Shrinks, Recession Imminent (31766 Views)
Nigeria's Economy Is Finally Out Of Recession - World Economics / Nigeria’s Economy Shrinks By 2.2% In Third Quarter / Recession: FG’s Non-Oil Revenue Shrinks By N134bn (2) (3) (4)
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Nigeria’s Economy Shrinks, Recession Imminent by sosanova: 6:39am On May 21, 2016 |
Nigeria in trouble, recession imminent http://www.vanguardngr.com/2016/05/nigerias-economy-shrinks-first-time-since-2004/ 8 Likes
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Re: Nigeria’s Economy Shrinks, Recession Imminent by SeverusSnape(m): 6:44am On May 21, 2016 |
Thanks to Buhari and his zombie horde. 132 Likes 19 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by DropShot: 6:46am On May 21, 2016 |
SeverusSnape: We saw this coming. It's not a news any longer since the only commodity that made us grow on paper has lost more than 60% of its values without us saving for these rainy days. PMB technically inherited a bleeding economy; an economy effectively in recession. 132 Likes 15 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by SeverusSnape(m): 6:50am On May 21, 2016 |
DropShot:Yes, We saw it coming, we knew Buhari was coming to destroy the economy of the country, we know he's a dullard. 263 Likes 34 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by twentyk(m): 6:51am On May 21, 2016 |
this thin too long i no fit read am but am aware the country called NAIJERIA is in soup azin big soup....money nor dey,worse of all ppl wey we dey task small small dey collect 'bellenje' money sef nor geh again.... 9 Likes 2 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by DropShot: 6:54am On May 21, 2016 |
SeverusSnape:With what the "dullard" has achieved by keeping Nigeria alive, the Ineffectual Buffoon would have put Nigeria up for sale were he to still be in charge. Nigeria under the IB borrowed to pay salaries in February and March 2015, remember? So, intelligent people can understand what we would have become if he was still in charge. 64 Likes 8 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by SeverusSnape(m): 6:58am On May 21, 2016 |
DropShot:That the defense most zombies always come up with. "Nigeria would have been worse bla bla bla...". Same way you guys were preaching the gospel of Buhari, "Nigeria would be better off with Buhari, Buhari will do this, he will do that". But we all know what's going on now. Mr integrity who before now said there's nothing like subsidy, paid for subsidies for some months and now has removed the 'nonexistent' subsidy. 255 Likes 35 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by DropShot: 7:01am On May 21, 2016 |
SeverusSnape:Nigeria has not paid a dime in subsidy since beginning of 2016. Again, what the FG has done is to deregulate the oil industry. Read about what it means to deregulate. Why can't you counter the fact that the Ineffectual Buffoon and madam puff-puff borrowed to pay salaries in Feb and March of 2015 and attempt to tell us how they could have managed the economy with much more lower oil price? 33 Likes 5 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Frankiss44(m): 7:03am On May 21, 2016 |
IPOB news.. BUHARI is the best thing to happen to Nigerians jor - Zombies 30 Likes 4 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by SeverusSnape(m): 7:04am On May 21, 2016 |
DropShot:Liar, dullardeen paid for subsidy severally after saying there's nothing like it. 137 Likes 13 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by kodded(m): 7:07am On May 21, 2016 |
sai baba zombies will avoid this thread like www.nairaland.com/attachments/2329446_2310894imageedit25559604097jpeg6207133cb2251c60c0d3e307c28d235c_jpeg43e795ffbb3dd3fc428ae16fab3b0fbd 92 Likes 13 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by DropShot: 7:10am On May 21, 2016 |
SeverusSnape:You're obviously behaving like a proper illiterate here. Our amiable president, President Muhammadu Buhari only paid subsidy in 2015 plus the debt left behind by the Ineffectual Buffoon. In 2016, PMB has not paid a penny in subsidy. Again, read about it here http://www.vanguardngr.com/2016/02/no-subsidy-paid-in-january-kachikwu/ It's attached for you as well. 14 Likes 1 Share
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Re: Nigeria’s Economy Shrinks, Recession Imminent by tuniski: 7:20am On May 21, 2016 |
DropShot:Your demigod buhari has been borrowing money to pay salaries since. We are in this perilous times cos of the cluelessness of those in govt today. I mean buhari/apc may God grant them clue and wisdom. Amen 83 Likes 11 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Israel5(m): 7:22am On May 21, 2016 |
Use MELTING instead please |
Re: Nigeria’s Economy Shrinks, Recession Imminent by DropShot: 7:24am On May 21, 2016 |
tuniski:Any evidence this government has borrowed a penny to pay salaries? The only clueless president we know was the Ineffectual Buffoon. ![]() ![]() ![]() 19 Likes 1 Share |
Re: Nigeria’s Economy Shrinks, Recession Imminent by bonechamberlain(m): 7:31am On May 21, 2016 |
well its expected as we are under a new sheriff. 1 Like 1 Share |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Adesiji77: 7:50am On May 21, 2016 |
The economy is not smiling...I pray that Nigeria does not end up like Venezuela ![]() Cc: lalasticlala, dominique, Mynd44 1 Like |
Re: Nigeria’s Economy Shrinks, Recession Imminent by citizenisb: 7:53am On May 21, 2016 |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Alezy(m): 10:45am On May 21, 2016 |
This is what happens when MAN trust in himself putting GOD aside. During GEJ regime, Buhari was saying all the I WILL DO, WE WILL DO AND I WILL FIX, forgetting that all power belongs to God. The time of reckoning is here. 83 Likes 7 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by googlepikins: 12:26pm On May 21, 2016 |
Nigerians are the only people in the world that voted an illiterate as a President and expect him to serve like Obama. I don't get it !! 105 Likes 14 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Nobody: 12:27pm On May 21, 2016 |
It is expected, It happened in 1984, And it will happen again because buhari still believes in his outdated policies. Its unfortunate that this tym around we have to wait 4 yrs to throw him out of d office. 55 Likes 8 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Taeewo(m): 12:27pm On May 21, 2016 |
Vanguard, u r the one in trouble... 1 Like |
Re: Nigeria’s Economy Shrinks, Recession Imminent by titiakins: 12:27pm On May 21, 2016 |
APC/Buhari has done it! Instead of him to face real issues He's 'fighting corruption' By the time buhari is done with this country Even his supporters won't have the strength to support him! 15 Likes 3 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Integrityfarms(m): 12:27pm On May 21, 2016 |
PMB bringing Nigeria back to the dark ages! Instead of moving ahead we are taking a 180 degrees turn to the medieval ages! Zombies and Omenka has something to say! 35 Likes 4 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Olukokosir(m): 12:27pm On May 21, 2016 |
Tell me anoda story joooo... |
Re: Nigeria’s Economy Shrinks, Recession Imminent by biz9ja(m): 12:28pm On May 21, 2016 |
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Re: Nigeria’s Economy Shrinks, Recession Imminent by kingdompropty: 12:28pm On May 21, 2016 |
Baba is still hallucinating. Every thing GEJ handed over to him are already loosing value. Some nuisances will keep saying I stand with the illiterate. Smmmm. 27 Likes 4 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Rich4god(m): 12:28pm On May 21, 2016 |
They said they preferred change instead of transformation... They voted change, they've seen change.... Even some Hausa peeps up north have started to join the wailing team... God help the poor masses. 28 Likes 7 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by laurel03(m): 12:28pm On May 21, 2016 |
When d economy never shrink shey will get light? Many are jobless, no good social amenities.... Na only politicians dey enjoy d country.... All I know is no matter how things hard reach hard in the jungle lion will never eat grass... 7 Likes 2 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Pavore9: 12:28pm On May 21, 2016 |
Over reliance on one commodity and the mismanagement of the proceeds! |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Firefire(m): 12:28pm On May 21, 2016 |
Nigeria is already in full economic recession. What is more than recessesion when you can't pay your workers? When the disposable income of the citizens is fully evaporated. When both your GNP & GDP graph is shifting inward, and all your economic indicators are turning negative. When the standard of living is heading south and the cost of living is becoming unbearable. What is more than recession when your citizens are worst off than you met them just between 12 calendar month. - Darkness in the land as no power supply for days. - Fuel scarcity for almost 6 months Believe me sincerely speaking it would take almost 10 years (A decade) to recover from the economic shock the administration of Buhary and Oshibajo has thrown Nigeria. Only if this government retract their path of destruction and consult with the economic experts while we look up to the heavens for rains of blessings, before we can fully recover as a nation. Firefire: God bless the Federal Republic of Nigeria. 22 Likes 5 Shares |
Re: Nigeria’s Economy Shrinks, Recession Imminent by Whizzdom(m): 12:29pm On May 21, 2016 |
OP, the great analyst, the issue of Nigeria or Nigerians is that there are jobs that are already there for us. Lets look at farming, how many Nigerian University Agricultural Student graduate or any other young youth can farm nowadays, how many of our youths knows how to farm, if you ask them why they dont engage in farming, they will tell you that farming is for old and illetrate men / people, which shouldnt be so. Many people want white collar jobs, while there are jobs that will fetch monies and bonus it with knowledge. If our youths and people can go back to farming / domestic agriculture, they will enjoy it, they will engage in importation of the farming products to other countries, our economy will rise and there will be competition in the business, foodstuffs like rice and beans, etc, will be cheap for a layman / ordinary person to afford and buy even a beggar will buy it too. There are many ways to enrich our lives, it is not only white collar jobs. Nigeria is flowing with milk and honey. 7 Likes 1 Share |
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