You forgot to include a delay in appointing ministers, budget delays, incompetent minsters (eg a lawyer as works n power minister. Lol)
Then blaming pdp daily.

obailala:
So you think buhari ordered the increase in prices?

No, I don't think he ordered it. I know that his faulty policies led to the rise in prices, and that he has no clue about how to reduce the prices and improve the value of the Naira. If he had, he would have been working towards creating incentives to attract foreign direct investments i.e. Foreign manufacturers, while subsidizing local manufacturing as a means of making importation less attractive, than simply using executive powers to stall importation. He should have done everything to prevent the outflow of foreign investors to begin with.

Justcash:


No, I don't think he ordered it. I know that his faulty policies led to the rise in prices, and that he has no clue about how to reduce the prices and improve the value of the Naira. If he had, he would have been working towards creating incentives to attract foreign direct investments i.e. Foreign manufacturers, while subsidizing local manufacturing as a means of making importation less attractive, than simply using executive powers to stall importation. He should have done everything to prevent the outflow of foreign investors to begin with.

Bro, no need for long talk. Life can never remain the same for a struggling man if he suddenly loses over 60% of his routine income. No amount of FDI can perform any magic to print dollars or to match the lost 60% revenue overnight. Oh yes! Oil price has been used as an excuse for too long, but the fact remains that this 60% loss in revenue can never be overemphasized.

Junk!!!!?

How will TSA lead to recession

I guess all other oil producing nations too did that.

People come here and craft a losers lamentation in the name of opinion.

If your salary reduces by 60% or more will u continue all the projects u are running and also continue to be father Christmas?

Nigeria's budget is always done with the oil price bench mark in mind.

To think there is any magic anybody can do is brainless.

Yes they blame GEJ because if they had invested heavily in infrastructure during the oil price boom and not just stealing it, there will be a lot of things to fall back on.

ikarm17:


The 5% has spoken with bitter hatred as usual.

It's 32% now ask dropshot

Saudi ARABIA is close to recession.

Only Nigerians and majority of its ignorant wailers feel TSA also caused Saudi's recession.

How true is this?
1) The TSA was not suddenly done but it was bravely done, nigerias revenue was been paid into various acct that it got to an extent we forgot we even had some accounts.
Banks were using govt money to stand gidigba and loaning it to dia cronies who were not servicing dis loans @ d detriment of us(nigeria).

2) I also believe that forex policy was wrong; but what we fail to see was it was either deregulatuon or tighter forex policies(80% were in favor of the later). we all believed reducing the demand on dollar will bring down exchange rate(but 9ja economy pass keynesian theory). what this administration should be doing in this case is to bring abt a team of stakeholders(manufacturers,lecturers,professionals) that will propound new economy policies cos all d economy policies seems not to conform with 9ja economy structure.

3) Unguarded utterance? yeah it can determine investors coming but he made d western world believe that we r opened to foreign investment now and the fact that business as usual in 9ja will stop.
i believe wat stopped investors is d state of d economy & security situation(boko haram,avengers,kidnappers) & also d ipob situation.

4) Niger delta? Not in the know of the details of d stopped projects, but whatever it will take to ensure a secured and stable niger delta should ve been done by this administration. Na dem dy feed us now. Although i believe dia elders n leaders are not helping matters with their chop alone attitude(wetim NDDC don do for d populace since dem establish am?)

5) Northern development? ethnic and tribal bigotry will lead us no where? development should be distributed efficiently. we should first look @ equity b4 equality.
Me as a person expected that our refineries should be up and doing as this administration accused pdp of not doing anything in dt respect. as for d oil in the north, what is d purpose of exporting 40$ oil when a whole lot of finished goods will be more profitable than d crude.
oga buhari abeg upgrade our refineries first,resurrect enugu coal mine, ajaokuta steel etc lets see what happens.

6) diversification of ecomomy? previous administration didnt diversify and this administration seems nit to be makng a headway either. what was d % of our non oil export since 2000? not up to 10% and we call that a diversified economy? nah, that is a mono economy.Economy policies? I Swear Madam ngozi just sat down like a spoilt child that did nothing but had everything.

The truth is past administration did nothing & i am proud to be part of d populaxe that voted them out and wont hesitate to vote this ones out if someone better comes irrespective of d tribe n religion.

AntiWailer:
How will TSA lead to recession

I guess all other oil producing nations to did that.

People come here and craft a losers lamentation in the name of opinion.

If your salary reduces by 60% or more will u continue all the projects u are running and also continue to be father Christmas?

Nigeria's budget is always done with the oil price bench mark in mind.

To think there is any magic anybody can do is brainless.

Yes they blame GEJ because if they had invested heavily in infrastructure during the oil price boom and not just stealing it, there will be a lot of things to fall back on.

What led to the activities of the NDA? What happened to restructuring? What happened to careful and thoughtful policies? What happened to resource control? What happened to not scaring investors away leading to loss of jobs?

AntiWailer:
Saudi ARABIA is close to recession.

Only Nigerians and majority of its ignorant wailers feel TSA also caused Saudi's recession.

Stop trying to be smart. Many things can cause recession. That A caused recession here does not mean that it must be A that will cause recession in another place.

POLITICS HAS KILL EVERY THING IN NIGERIA .FOR WE TO EAT WE THINK POLITICAL OUR FOOT BALL POLITICAL OUT AGRICULTURE POLITICAL EVEN FOR GOVERNMENT TO CREATE A POLITICAL BUSINESSES SUCH AS .GRAZING BILL POLITICAL EVEN THISE TEAVEL TO SAUDI FOR RELIGIOUS ACTIVITIES POLITICAL .DOLLAR IS 197 BUT POLITICALLY WE ARE BUYING IT AT 345 AT BANK AND 425 AT B MARKET PLS CAN WE REMOVED POLITICS IN OUR LIFE IN NIGERIA AND LIVE A LIFE .THANKS

I came to see something intelligent, very disappointed, all i see is politics. I thought I will see data and figures of how the listed point led to recession.

At Least op agree that the avengers are responsible but according to him, he can't blame them,

ba7man:
From $120/100 per barrel at 2. 2 million bpd production rate.......... down to $28/36 per barrel at 1. 4 million bpd production rate....... in a country that crude oil makes up 90% of its income.

....... And some people think things should remain the same??

Jokers, they have no idea what the nation is going through.

Dont mind them. All we Nigerians love to do is seek blame raher than understand the system. I wonder what those criticising have done to add to Nigeria's income. Can you imagine we import almost everything, even rice we can grow in our backyard. The only thing we give to the world is unrefined oil. How can our economy ever develop?

Feranchek:
Hopefully, well sing a different song in a year to come.... (HOPEFULLY ni mo so o0oo!!)

hope without work is death. Nigeria is heading to the land of......

Pls name all the PDP actions that led to our recession, including not saving oil dollars and looting

Op you are on point except. For no 7 the security of any nation most never be compromised for any reason.security is not negotiable

The long and short of the matter is the guy is confused. The economy has grown and gone beyond his control... He is still in a wow situation.
Kudos to gej who managed the richest man in Africa, made Nigeria the 3rd fastest economy on the world and a darling to investors.
Immediately bubus came, dangote started diversifying out of Nigeria building plants in Cameron, Zambia, Mali because bubu might just come for him over import waivers granted him because bubu is very vindictive and any successful man around him must be kwurrupt.
He isolated the igbos who hold sway when it comes to industry and smes, let's see how far he goes.... He wants to bomb to submission the part that lays the golden egg and expect to get the golden eggs from the dead goose.... That's brainless!

Anyone that thinks what is happening to Nigeria atm wasn't forseen, is simply lying. We cannot eat up all our cakes and expect to have back. I don't know what magic these hypocrites expect Buhari to do, so all the years of waste and misrule by PDP, would simply be forgotten. It simply cannot be.

ikarm17:


If baba sango is Yoruba, he wouldn't need 6 months seeing that Yorubas control the sector and are quite experienced with it.

ICT is different from leading Nigeria. I know some pained ipods expect a miraculous new start after 16 years rule from PDP + the ineffectual buffoon.

its like they just hired you. You should be ashamed of urself,

eph12:

What led to the activities of the NDA? What happened to restructuring? What happened to careful and thoughtful policies? What happened to resource control? What happened to not scaring investors away leading to loss of jobs?

The aim of TSA was to prevent corruption and misappropriation of public funds. It is clearly an ethical and anti criminal measure. Nigerian banks interested in leverage can approach the Central bank for such funds which is a more accountable alternative.

Secondly the NDA is a criminal organization and on the same pedestal with Boko Haram. None of their actions can be justified. The prior governments' policy of paying off insurgents with pipeline protection contracts was reckless. And that vulnerability then contributes to the present vulnerability now.

To be sincere an economy of 150 million people buying and selling can hardly be controlled by one man. It's the same Nigerians that would diversify when the opportunity presents itself. It's the same Nigerians that would buy and sell Nigerian products which would boost the economy.

The real blame should lie on our corrupt political elite

Lighthouseman:
The long and short of the matter is the guy is confused. The economy has grown and gone beyond his control... He is still in a wow situation.
Kudos to gej who managed the richest man in Africa, made Nigeria the 3rd fastest economy on the world and a darling to investors.
Immediately bubus came, dangote started diversifying out of Nigeria building plants in Cameron, Zambia, Mali because bubu might just come for him over import waivers granted him because bubu is very vindictive and any successful man around him must be kwurrupt.
He isolated the igbos who hold sway when it comes to industry and smes, let's see how far he goes.... He wants to bomb to submission the part that lays the golden egg and expect to get the golden eggs from the dead goose.... That's brainless!

he will run out of aso rock very soon.

obailala:
Bro, no need for long talk. Life can never remain the same for a struggling man if he suddenly loses over 60% of his routine income. No amount of FDI can perform any magic to print dollars or to match the lost 60% revenue overnight. Oh yes! Oil price has been used as an excuse for too long, but the fact remains that this 60% loss in revenue can never be overemphasized.

You, definitely, are ignoring the antecedents to the 60% loss. Would it have been a 60% loss if Niger Delta was peaceful and there was no NDA? Would it have been a 60% loss if a more gradual approach was used to implement the TSA?

THE MU-MU WILL NEVER UNDERSTAND ALL THAT AND HIS EARS ARE BLOCKED.

AntiWailer:
How will TSA lead to recession

I guess all other oil producing nations to did that.

People come here and craft a losers lamentation in the name of opinion.

If your salary reduces by 60% or more will u continue all the projects u are running and also continue to be father Christmas?

Nigeria's budget is always done with the oil price bench mark in mind.

To think there is any magic anybody can do is brainless.

Yes they blame GEJ because if they had invested heavily in infrastructure during the oil price boom and not just stealing it, there will be a lot of things to fall back on.

There was nothing wrong with the TSA policy. There was everything wrong with the way the Nigerian government implemented it. That is the point.

eph12:

Stop trying to be smart. Many things can cause recession. That A caused recession here does not mean that it must be A that will cause recession in another place.

It is well know to everybody that the oil price affected all oil producing nation.

It is simple arithmetic. If ur income reduces drastically, u must feel the impact.

So stop the A that must cause analogy, it is not werking

ikarm17:


Behold thy GEJ zombies.

nothing like GEJ zombie. It's either you wail or you are a zombie the choice is yours

Justcash:


There was nothing wrong with the TSA policy. There was everything wrong with the way the Nigerian government implemented it. That is the point.

Lol.

How will the way it was implemented lead to recession ?

How about typing the way it should be implemented so we have a more fruitful argument and learn.

ikarm17:


The 5% has spoken with bitter hatred as usual.

what hatred is worse than 5% & 97%

eph12:

What led to the activities of the NDA? What happened to restructuring? What happened to careful and thoughtful policies? What happened to resource control? What happened to not scaring investors away leading to loss of jobs?

NDA is a creation of Tompolo's after EFCC went after him.

It is visible to the blind and audible to the deaf.

No genuine Niger DELTA struggle will have unfreezing Tompolo's account, Nnamdi Kanu and Dansuki as part of any conversation.