princejenks:
All of you saying things would have been worse if jonathan was still in power,i dont quite agree and these are my reasons: we had a competent coordinating minister who already foretold things and many including governors would have had little options but to follow her prescriptions. Still on economy,we would have been forced to devalue earlier and the portfolio investors wouldnt have left or compounded the dollar scarcity and we wouldnt have been delisted by jp morgan and probably we would have gained from the brexit fallout with more investors coming in. The TSA would have been done gradually thereby reducing the shock the banking system witnessed leading to massive job losses,yes gej admin would have borrowed to pay salaries but there would be money in the system,the agric revolution would have continued as planned,fertilizers and other inputs made available preventing hunger,remember the boko was already being addressed towards the end of the previous admin. There wont have been outright ban on rice importation rather rice growers would have been given import licences to augument supply. There wouldnt have been bombings in niger delta cos gej would have quickly negotiated and benefitted from the slight increment in crude oil price. The job intervention schemes like you win wont have suffered a set back but would have been strenghtened instead of giving bail outs to wasteful governors. Contractors would have been paid from money that would have been borrowed from china or elsewhere ensuring liquidity in the system,list is endless!

dont speak the truth, dont say things as dey ar.... they either tag u a wailer or an ipod......one thing i understand about buharist is that, cone rain or sunshine, even if he nukes USA, they will still hail him

AnonyNymous:

Did you read the post

Don't think so

madridguy:
THE SUFFERING IS MUCH SAI BABA.

Meanwhile, I will stand with President Buhari till final whistle. So help me God, Amin.

bcus he dey find oyel for ur land baa

rudyislife:
keep deceiving yourself

Only time will tell.

Standing5:
Take bread for example, had GEJ's cassava bread strategy produced any meaningful result, the price of bread wouldn't be double today. Don't forget that sugar, another major component of bread is largely prnduced in Nigeria.
The bad policies & wastages during all our years of excess fund is the cause of current economic predicament. I keep saying it, Buhari has already exceeded expectations. To postpone the doomsday the way he did and be paying paying salary with ease he has scored 120% already.

bros u must be breathing thru ur anus

vedaxcool:


Saudi has over $500 billion in foreign currency reserves. .. Remind us again how much GEJ left behind?

Do u still remember that the president GEJ through Okonjo-iweala warned Nigerians and state Gov to reserve for rainy day? Well gov forum lead by Amaechi forced it and went to court. So blame GEJ all you want our kind of system where ppl share end of month negates saving. Thus we should shout and glamour for restructuring. Diversification through resource control.

Standing5:

1) They invest well during the years of excess.
2) They were and are less corrupt.
3) Their cost of producing crude oil is lowest (less than $10) while ours is average of $28.99. This alone means that at $30pb of crude in intl market they can stay afloat while we can't.
These are the three major reasons they aren't in recession.

Permit me to include Saudi Arabia's robust tourism industry.

Lol, BooHarry is a gift that keeps on giving lol.

Poor fiscal/economic policy is the primary reason why the people moved from poverty to extreme poverty under ya watch.

idris93:



http://www.premiumtimesng.com/news/top-news/208453-nigeria-people-suffering-buhari.html

False, Mr President.

The numbers prove otherwise.

Your 2016 budget was pegged at $38 per barrel. Brentcrude has been hovering around $50 per barrel ever since the time you eventually signed your corrupted (AKA padded) budget.

It means you have the revenue from crude oil dollars needed to run your budget and an excess of around $12 more per barrel to play around with.

Simple mathematics, sir. I am afraid, these excuses do not count.

NairaMaster1:

So oil will also formulate economic policy for us? Smh for some Nigerians. Do you notice the crazy taxation now? Check your bank alert if you actually transact regularly. Check how much FIRS generate in the last 16 months and compare it to the past 3 years. We'r suffering partly from technical know how. Don't be deceived.

I never said oil. I said our dependence on oil. We chose to be dependent on it.

lordmassac:


Permit me to include Saudi Arabia's robust tourism industry.

that's part of their investments.

Jesus, please refrain me from slapping some idiots in here, for heaven sake what has Saudi Arabia got to with this thread? This is the most stupid question anyone has ever asked on nairaland, and you got 24 likes...ignorant like givers.

wowmenow:
How come Saudi Arabia is not in recession

Nigerians are suffering because the dullard has appointed all his dullard brothers into sensitive position. This is just the beginning if the dullard don't appoint those who can turn the economy around

o wa ga bai ooo

delishpot:



You have a point there. We all know it's hard to stop borrowing, pay off old debt while ones income has not increased. You make sense. I did not put onto consideration the way our economy was being sustained in the past compared to now.

Are you due for promotion at your work place? My body is sweeting me the way you respond without hurling insults, I feel like promotion is coming your way soon

You're not talking to me, but I respect your reply.


The real test of a man's integrity is how he
reacts when he's been proven wrong. Blessed is
he who's able to admit his mistake graciously -Mufti Menk

May thunder fire u and ur useless policies wicked man

[quote author=idris93 post=48394792]


http://www.premiumtimesng.com/news/top-news/208453-nigeria-people-suffering-buhari.html[/quoteFor those who are still making excuses for this
administration that the drop in oil price is the
reason why they can't perform should know this
administration is actually generating more
revenue than the previous administration Okay,
let's look at it together
1. During the previous administration fuel was
sold at #87 per litre and also subsidy was still
on, it was argued in the build up to election that
there was nothing like subsidy, but later realized
past administration was actually paying subsidy.
This administration is no longer paying subsidy
but fuel is at #145 that alone has evened-out the
difference between when fuel was being sold at
#145 per barrel and now that is #40 per barrel.
# MuchIncomeToFund2016Budget
2. Past administration did not see any reason
why they should introduce stamp duty charges
on the already impoverished Nigerians, but this
administration had earlier introduced stamp duty
charges of #50 on every deposit and withdrawal
from a current account, as a matter of fact some
banks (e.g. FCMb) had already introduced stamp
duty charges on savings account whenever one
receives fund into his or her savings account
from a current account, this generates another
sort of income to this administration.
# StopUsingOurMoneyToImportGrass
3. During the immediate past administration, we
all enjoyed a fair price on kerosene at #53 per
litre, but now kerosene is sold for #200 per litre
and nobody is saying anything # ThisAdministrat
ionIsMakingMoney
4. In the past, excise and custom duties were
fair enough that small businesses could still be in
business, but now they can no longer strive in
business due to high charges on excise duty and
custom duties introduced by this present
administration, Hence more income for this
administration. # ThisAdministrationShouldBeResp
onsibleForOnce .
5. The previous administration did not see any
reason why they should introduce 45% increase
in electricity tariff, but now we are paying more
for darkness. # GodIsWatching.
6. I totally agree that a lot of things went wrong
under GEJ watch, corruption was at its peak, still
same now though, those who looted public funds
went scot-free, but we are also made to
understand
that this present administration has made
concerted effort in recovering some looted funds,
but we are yet to feel the impact
# PleaseLetTheMoneyCirculate.
7. The number of ministries in this present
administration has been reduced considerably as
compared to what we use to have before now,
the money they are saving from this, what are
they using it for? #OilRevenueShoul
dNotBeTheOnlySourceOfRevenueToFundBudget
8. Time will fail me to mention the Treasury
Single Account (TSA), so why are they still
complaining no money to fund budget
previous administration did not explore these
options, yet life was a bit better for the common
man, they kept telling Nigerians to be patient
when there are no policies on ground that will
bring the promised change. This is my personal
opinion and i am entitle to it.
But for those who are still making excuses for
this administration for not performing, I think it's
time we told them truth so they could focused.
# StopThisBackAndForthMovementInPolicyMaking
# NoMoreExcuses , # StopBeingClueless ,
# ShowWorking, #StopFollowingLikeAFool

ceecee0703:


Do u still remember that the president GEJ through Okonjo-iweala warned Nigerians and state Gov to reserve for rainy day? Well gov forum lead by Amaechi forced it and went to court. So blame GEJ all you want our kind of system where ppl share end of month negates saving. Thus we should shout and glamour for restructuring. Diversification through resource control.

So how much did the FG under GEJ end up saving?

I don't get you aunty our oyel

liveshady:


bcus he dey find oyel for ur land baa

wowmenow:
How come Saudi Arabia is not in recession

They have a reserve of 500bn dollars, how much does Nigeria have?

Angola, Venezuela are in deep recession,

Even the Saudi Arabia have cut cost, drop some none essential projects.

MASSAGE FOR ZOMBIES
but for an intelligent person like me, we all know the ongoing plan

Innovation is the true test of governance...

Standing5:
Take bread for example, had GEJ's cassava bread strategy produced any meaningful result, the price of bread wouldn't be double today. Don't forget that sugar, another major component of bread is largely prnduced in Nigeria.
The bad policies & wastages during all our years of excess fund is the cause of current economic predicament. I keep saying it, Buhari has already exceeded expectations. To postpone the doomsday the way he did and be paying paying salary with ease he has scored 120% already.

Your statement is shameful to say the least. If you can score Pmb 120% then you have very low expectation. I feel Gej could have done better but Buhari has performed poorly from all indication. Scoring him 120 actually implies you don't mean well for him. Be truthful to yourself.

madridsta007:


False, Mr President.

The numbers prove otherwise.

Your 2016 budget was pegged at $38 per barrel. Brentcrude has been hovering around $50 per barrel ever since the time you eventually signed your corrupted (AKA padded) budget.

It means you have the revenue from crude oil dollars needed to run your budget and an excess of around $12 more per barrel to play around with.

Simple mathematics, sir. I am afraid, these excuses do not count.

How much barrel of oil have we sold in a day? You don't know, you are making assumptions.
The budget is based on $38 dollars per barrel on 2.2million Barrel a day, the activities of the avengers has so far reduced it to just 700k.

The president excuse is very valid, ExxonMobil, shell, chevron are not exporting which means no oil revenue, we are depending on inland revenue tax and custom duties.

Even if oil revenue goes up, if we don't export, no money, the economy is bad, activities of the avengers is making it worse.

What do we export apart from oil? Nothing we import everything.

I beg to disagree Mr President. What left average Nigerians poor is haphazard implementation of TSA. Though laudable, hurried implemention resulted in shortage of cash flow and the banks was the major hit. Immediately the banks got cash strapped, they can't loan out and the result is what we are all seeing. The only way out is for the government to reinflate the economy

Nice comments but I have 1 question our president is very right over dependency on oil has caused us a lot but how come thesame presidency gave NNPC a matching order on oil exploration in the North East?
Even when we know that so much resources will go for the heavy capital project

Just thinking

Deepfreezer:
. You my friend should be very ASHAMED of yourself. Shame.

No mind the zombie...

dunkem21:
Sincerely, Nigerians should pity Buhari

why if i may ask.
Who pity GEJ when
he was in that sit

Standing5:
What else can come out of a dude who thinks Aregbe borrowing 30-50yrs into his future is cool.

ahhh so ur god buhari and aregbe are nolonger in da same party,huh?

U must be on some maze drift,what do i gotta do with that lunatic,aregbe,where did u see that moi is a fan of that fanatic,aregbe? U better clean ua log laden opticals o...

Standing5:

1) They invest well during the years of excess.
2) They were and are less corrupt.
3) Their cost of producing crude oil is lowest (less than $10) while ours is average of $28.99. This alone means that at $30pb of crude in intl market they can stay afloat while we can't.
These are the three major reasons they aren't in recession.

their population is not up to dat of kano state.

joseph1832:
Isn't this ironic or gross stupidity. PMB just said the reason why Nigerians are suffering is because of the crash of oil prices, and yet he's busy spending money on oil exploration in the north east.

Wow! PMB seem to be given people no hope at all as regard his know how of handling matters of state.

Hmmm...good to see ya...enjoy!!!