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Non-oil Sector Growth Drops To -0.36% - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Non-oil Sector Growth Drops To -0.36% (8145 Views)

Oil Sector Fast Losing Attraction, Says SPE / Naira Makes U-turn, Drops To N385 / Naira Drops To 313.5 As Dollar Shortage Persists (2) (3) (4)

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Re: Non-oil Sector Growth Drops To -0.36% by Nobody: 6:48am On Aug 08, 2016
Times are tough...It could be worse though. I mean, look at Venezuela
Re: Non-oil Sector Growth Drops To -0.36% by Pavarottii(m): 6:50am On Aug 08, 2016
Change.

4 Likes

Re: Non-oil Sector Growth Drops To -0.36% by ichidodo: 6:53am On Aug 08, 2016
ba7man:
We will keep trying till we get things right.

This is the only way out of this economic situation and our dependence on crude oil must reduce drastically.
Zombie,how market? ...

5 Likes 1 Share

Re: Non-oil Sector Growth Drops To -0.36% by faitheverest(f): 6:58am On Aug 08, 2016
Ok.. ..

Re: Non-oil Sector Growth Drops To -0.36% by repogirl(f): 7:06am On Aug 08, 2016
But they are siphoning billions to the Northern Nigeria Petroleum Company, saying they are looking for non existent oil in lake Chad when we know this is their own mode of corruption and stealing public funds.

Deceiving their zombies with mashed potato brains.

7 Likes 1 Share

Re: Non-oil Sector Growth Drops To -0.36% by passionate88: 7:06am On Aug 08, 2016
Buhari sef

1 Like

Re: Non-oil Sector Growth Drops To -0.36% by dave1614: 7:08am On Aug 08, 2016
follow http://davesblog.over-blog.com/2016/08/budget-padding-jibrin-returns-gives-dogara-a-hard-blow.html and get loads of Nigerian news and freebies.
Re: Non-oil Sector Growth Drops To -0.36% by AroOkigbo(m): 7:09am On Aug 08, 2016
feldido:
So where did they get the money from if they claim it's from non oil?
Government runs on lies and propaganda.
Don't believe everything they tell you especially these CHANGE agents.
Imagine those who call for diversification yet spend billions of dollars looking for oil in the NORTH of all places. Wouldn't it be meaning if same amount was spent on the non-oil sector especially agriculture. We truly have a long way to go as a nation.

5 Likes 1 Share

Re: Non-oil Sector Growth Drops To -0.36% by Aroh48(m): 7:15am On Aug 08, 2016
I just wonder the type of slogan APC we use for 2019 election.Thank God my pvc and that of family are intact,we will vote the useless and sick party out.

3 Likes

Re: Non-oil Sector Growth Drops To -0.36% by Tallesty1(m): 7:15am On Aug 08, 2016
laviecontinue:
I think diversifying the economy from oil into something else like agriculture is ok and will work if we put our mind into it and our managers(government) are selfless and truthful. Yes it ll be rough at the beginning cos one have to crawl before walking. So boomerang shushhhh with your analysis and say something good about us for once. #rollingeye
I think you're the one that should keep quiet because Nigeria is going from walking to crawling not the other way round.
The Nation is too old to be still crawling.

5 Likes

Re: Non-oil Sector Growth Drops To -0.36% by smogup: 7:20am On Aug 08, 2016
Buhari has diversified corruption

4 Likes

Re: Non-oil Sector Growth Drops To -0.36% by EmekaBlue(m): 7:23am On Aug 08, 2016
Full of failure...Economically woeful...Baba is just an old dullard

4 Likes

Re: Non-oil Sector Growth Drops To -0.36% by Izonpikin: 7:25am On Aug 08, 2016
Espouse regionalism to facilitate diversification of our economy the mumu country no gree. .. angry...how do they intend then to diversify

Which kin mumu country I come from.....so governors won't work really hard and yet we expect our economy to shift from oil dependency...mumu

3 Likes 1 Share

Re: Non-oil Sector Growth Drops To -0.36% by gurunlocker: 7:26am On Aug 08, 2016
Lol.... If you can't improve it, leave it as it is.... what a government!

1 Like 1 Share

Re: Non-oil Sector Growth Drops To -0.36% by Achorise: 7:26am On Aug 08, 2016
But during Jonathan, agriculture contributed 40% of our budget, cos the was a turnaround in the agricultural sector.

I'm beginning to think Buhari may really be a dullard as they say.but I pray he braves up to the challenges ahead.

1 Like

Re: Non-oil Sector Growth Drops To -0.36% by DabuIIIT: 7:27am On Aug 08, 2016
When the aged mischievous dullard tagged some ppl mere 5% some zombies,especially those highly educated and sophisticated brown roof extra_afonja_zombies were applauding and mouthfoaming....it has always been clear that without the mere 5%,the big4nothing,unproductive,useless,retrogressive zoo_95% is dead....
Thorough diversification,restructuring,true federalism,regionalism,resource control...THE ONLY WAY..otherswise,curtains

6 Likes

Re: Non-oil Sector Growth Drops To -0.36% by guru03(m): 7:29am On Aug 08, 2016
This is exactly what we told them, the chances of a failure in class doing well in office is equal to zero, but the wouldn't believe us, now we are wrecked and can't complain.

2 Likes

Re: Non-oil Sector Growth Drops To -0.36% by laviecontinue: 7:31am On Aug 08, 2016
Sir even though we are both human being with same color of blood doesn't mean we have the same medulla. Its ok for us all to think the way we want to. You don't have to tell me to keep quiet which obviously you can't tongue have a great and a venting free day sir. *wink*
Tallesty1:
I think you're the one that should keep quiet because Nigeria is going from walking to crawling not the other way round.
The Nation is too old to be still crawling.
Re: Non-oil Sector Growth Drops To -0.36% by Izonpikin: 7:31am On Aug 08, 2016
Pavarottii:
Change.
this picture always makes me laugh...actually this is the change....There is no way gej wouldn't have been better than this...I bet you by this time we would have gone into partial federalism with gej...I swear...

4 Likes

Re: Non-oil Sector Growth Drops To -0.36% by 989900E: 7:39am On Aug 08, 2016
No doubt Q4 2015 and Q1 2016 were the worst in a very long time. Q2 and Q3 2016 results are coming much better than that.


the Ministry of Works has received N74 billion in the last two months compared to N19 billion for the whole of last year. Agriculture, which is the strategic focus of this government, has received N21.9 billion compared to just N4 billion for the whole of last year. And transport has received N22 billion compared to just N6 billion for the whole of last year.
-Adeosun.

1 Like

Re: Non-oil Sector Growth Drops To -0.36% by DabuIIIT: 7:41am On Aug 08, 2016
Achorise:
But during Jonathan, agriculture contributed 40% of our budget, cos the was a turnaround in the agricultural sector.

I'm beginning to think Buhari may really be a dullard as they say.but I pray he braves up to the challenges ahead.

gej's agric minister,FASHINA,ensured justice and fairplay and equitty and level play in the agric ministry,he ensured there was fair distribution of govt subsidized fertilizers and other stuff,he kept the emirs,northern ex generals,etc,who are notorious for cornering them and there was productivity..and it angered them. But when buhari came on board,they rallied together,found no wrong doing and then decided to 'honor' him,'eulogise' his virtues as agric minister and recommended him for promotion..as the chairman of an African agric body,i cant recall now. And voila,they kicked him out with style.. Now they have a puppet,gemade,as agric minister and part of his duties now is the importation of grass for fulani cows to feed on!
Have a great day o.

2 Likes

Re: Non-oil Sector Growth Drops To -0.36% by rhymaholic: 7:42am On Aug 08, 2016
Buhari is a colossal mistake made last year. See how he's slowly shutting down the country he met.

1 Like

Re: Non-oil Sector Growth Drops To -0.36% by 4wrd9ja: 7:45am On Aug 08, 2016
Themandator:
How then did it contribute 70% of the shared revenue of the month of July?
Taxes,
Re: Non-oil Sector Growth Drops To -0.36% by lovat(m): 7:46am On Aug 08, 2016
laviecontinue:
I think diversifying the economy from oil into something else like agriculture is ok and will work if we put our mind into it and our managers(government) are selfless and truthful. Yes it ll be rough at the beginning cos one have to crawl before walking. So boomerang shushhhh with your analysis and say something good about us for once. #rollingeye
continue zombifying yourself on a monday morning

1 Like

Re: Non-oil Sector Growth Drops To -0.36% by laviecontinue: 7:54am On Aug 08, 2016
SMH
lovat:
continue zombifying yourself on a monday morning

Re: Non-oil Sector Growth Drops To -0.36% by lovat(m): 8:11am On Aug 08, 2016
laviecontinue:
SMH

1 Like

Re: Non-oil Sector Growth Drops To -0.36% by buJu234: 8:18am On Aug 08, 2016
The bible said...

BY THEIR FRUITS U SHALL KNOW THEM..

Someone else said...

ITS ONLY A MAD MAN THAT CAN DOUBT PROOF/RESULTS.

its clear now that APC economic policies are dullard/dundee united raised to power one billion....

1 Like

Re: Non-oil Sector Growth Drops To -0.36% by Themandator: 8:20am On Aug 08, 2016
4wrd9ja:

Taxes,


And the growth in the non oil sector is negative, little wonder job loss is the order of the day?

1 Like

Re: Non-oil Sector Growth Drops To -0.36% by Tallesty1(m): 8:22am On Aug 08, 2016
laviecontinue:
Sir even though we are both human being with same color of blood doesn't mean we have the same medulla. Its ok for us all to think the way we want to. You don't have to tell me to keep quiet which obviously you can't tongue have a great and a venting free day sir. *wink*
Apologies.

Do have a stress free day too.
Re: Non-oil Sector Growth Drops To -0.36% by 247Dior(m): 8:23am On Aug 08, 2016
feldido:
So where did they get the money from if they claim it's from non oil?
Don't mind them... they are just deceiving themselves

2 Likes

Re: Non-oil Sector Growth Drops To -0.36% by ConqueredWest: 8:37am On Aug 08, 2016
The government should not have increased the tax burden because it will increase the cost of goods and services. This Will lead to less buying/selling(economic activities) and in turn lesser VAT collected.



The Government should stop listening to AFONJA economists who so much believe in Taxation Increase

2 Likes

Re: Non-oil Sector Growth Drops To -0.36% by proeast(m): 10:13am On Aug 08, 2016
Themandator:
How then did it contribute 70% of the shared revenue of the month of July?
When you were reliable informed that the increase in july revenue was due to the fact that companies usually remit their annual tax/vat returns btw july & august you refused to agree but choose to believe the propaganda by the rookie minister of finance about a phantom diversification. Well, I & my fellow 5% people are immune to buhari's curse. I'll continue to diversify my income base while cutting down on wants & liabilities, if anything, my standard of living is even improving despite the reccession!!

2 Likes

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