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Nairaland Forum / Nairaland / General / Politics / Why Nigeria's Economy Is In Recession – Lai mohammed (31661 Views)
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Why Nigeria's Economy Is In Recession – Lai mohammed by sharpden: 4:14pm On Sep 13, 2016 |
THE Minister of Information and Culture, Lai Mohammed, Tuesday said Nigeria’s over-dependence on oil is to blame for the recession the nation’s economy is passing through. http://www.socialtimesng.com/2016/09/why-nigerias-economy-is-in-recession-lai-mohammed/ 13 Likes 4 Shares
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Re: Why Nigeria's Economy Is In Recession – Lai mohammed by Nobody: 4:17pm On Sep 13, 2016 |
How did we even end up with this crop of leaders? ![]() I regret voting APC 243 Likes 11 Shares |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by GoggleB(m): 4:18pm On Sep 13, 2016 |
okay Mr Lai 1 Like |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by Nobody: 4:19pm On Sep 13, 2016 |
APC is a disgrace to politics and democracy ![]() 158 Likes 7 Shares |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by psucc(m): 4:20pm On Sep 13, 2016 |
No longer PDP? Is Lai Mohammed lying to himself? Well, we really know and agree that overdependence on oil is the cause but the effect wouldn't have been this devastating should the government had sound policies on ground or at best listened to the voice of reason. 158 Likes 4 Shares |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by ministeriallist: 4:46pm On Sep 13, 2016 |
? 43 Likes 2 Shares |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by Dannyfaraday(m): 5:01pm On Sep 13, 2016 |
FowlYansh: You wanted change now. 116 Likes 3 Shares |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by lielbree: 6:46pm On Sep 13, 2016 |
Kai this man can lie! Buhari has spent 70b naira on road, which road ![]() The reason for this recession is simply the implementation of the TSA! 122 Likes 2 Shares |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by KINGwax007(m): 6:47pm On Sep 13, 2016 |
Why won't we be in recession? What are we producing that will cater for our foreign reserve when oil nosedived and the predecessor made no plan to save. Saudi and Canada are enjoying their savings now while Venezuela, an import dependent fool like Nigeria is dying of hunger, despite being the top in the list of oil producers. Recession is expected... 28 Likes 3 Shares |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by Emmysteve(m): 6:47pm On Sep 13, 2016 |
I don't need to read the content of the post because I am 100% sure he will blame PDP as being responsible for that. Modified: I said it. [color=#990000] 47 Likes 1 Share |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by oluwasegun007(m): 6:48pm On Sep 13, 2016 |
And the ' B ' Game continues..... if its coming from uncle Lai, then i'll pass... ![]() ![]() ![]() 30 Likes |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by mekaboy(m): 6:48pm On Sep 13, 2016 |
WE did not vote u to tell us why. 16 Likes |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by kgr8mike(m): 6:48pm On Sep 13, 2016 |
N10, 000, 000. 00 @ N200/$ few years back is $50, 000 but today @ N400/$ the same N10, 000, 000 is now $25, 000. It has lost half of its value. Amidst that inflation has hit prices of goods and services 25 to 30%. So effectively the person that saved N10, 000, 000 few years ago has no real money today. Again the Nigerian earning N100, 000 then was earning $500 but today that same person earns $250, added to inflation that person has nothing to show for it. Buhari should have told us he wanted EFCC job and we would have given it to him and he should have left the economy and governance in the hands of those competent enough to handle it. Lai Muhammed, Lai Muhammed, how many times did you hear your name? 36 Likes |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by AfonjaGuy: 6:48pm On Sep 13, 2016 |
Lie Mohammed blaming Oil while his clueless Master Dullard Buhari blaming Gej . they will continue their blaming excuse till 2019 ![]() ![]() ![]() useless incompetent men 71 Likes 1 Share
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Re: Why Nigeria's Economy Is In Recession – Lai mohammed by yinkslinks(m): 6:48pm On Sep 13, 2016 |
Hmmmm 65 Likes 5 Shares
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Re: Why Nigeria's Economy Is In Recession – Lai mohammed by Ofemmanu1: 6:48pm On Sep 13, 2016 |
Lieing basterrd! 14 Likes |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by Omeokachie: 6:49pm On Sep 13, 2016 |
Yawn... Wake me up when you are ready to tell me what you are doing about the situation aside looking for more crude in the Chad basin. 6 Likes 1 Share |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by ouzo1(m): 6:49pm On Sep 13, 2016 |
Is there no reasonable minister in this administration?? 7 Likes |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by Poorboy: 6:49pm On Sep 13, 2016 |
It's because an illiterate is the president. 14 Likes 1 Share |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by FakeNEWSevryday: 6:49pm On Sep 13, 2016 |
Ok 1 Like |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by NNVanguard(m): 6:49pm On Sep 13, 2016 |
Can we have enough of the blame game? The destiny of this nation lies in the hands of the younger generation and not the likes of Information Minister and his team. Join the New Nigeria Vanguard for a new Nigeria where our signature reflects in the live we live! #tomorrow's leaders today! 7 Likes 1 Share |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by Nobody: 6:50pm On Sep 13, 2016 |
I hope your government is trying their best to get us out of recession? |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by jmoore(m): 6:50pm On Sep 13, 2016 |
He decried the citizens’ preference for imported goods to local products, saying that substantial amount of the country’s foreign exchange earnings was being expended on importation of goods and services. Ban importation of petrol. diesel and kerosene. ![]() 1 Like |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by Nobody: 6:50pm On Sep 13, 2016 |
He should have blamed only the past administration ![]() |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by belonare: 6:50pm On Sep 13, 2016 |
Anytime this man speaks even the devil self trembles 3 Likes |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by cyberdurable(m): 6:51pm On Sep 13, 2016 |
[size=15pt]This man no get shame... [/size] 19 Likes
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Re: Why Nigeria's Economy Is In Recession – Lai mohammed by drss2(m): 6:51pm On Sep 13, 2016 |
oyel is d only resources dis govt care about. 3 Likes |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by ifeelgood: 6:51pm On Sep 13, 2016 |
oluwasegun007:rain caused the recession |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by tempest01(m): 6:51pm On Sep 13, 2016 |
Nigerians voted in change so as not to experience what we are experiencing on the long run. But you people just succeeded in bringing the doomsday closer. Now we have to fight to bring ourselves out of this mess, and that means that change is far and has eluded us. On a serious note, PMB should have given himself as an EFCC chairman, not the president of the country. We will get out of this when oil price bounces back, and we will not learn any lesson. Why are soldiers sent to die in the creeks for oil if you even have plans to diversify? When kano is receiving more allocation from oil than the producing states, why would they diversify? It will dawn on us. We haven't seen the worst yet. 7 Likes |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by arabbunkum: 6:51pm On Sep 13, 2016 |
This man is a dunce. Why is he not blaming GEJ this time? 5 Likes 1 Share |
Re: Why Nigeria's Economy Is In Recession – Lai mohammed by KingGeorgey(m): 6:51pm On Sep 13, 2016 |
Well I can see this government's only accomplishments will be blaming the past ones... Meanwhile in warri.... 5 Likes
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Re: Why Nigeria's Economy Is In Recession – Lai mohammed by lilmax(m): 6:51pm On Sep 13, 2016 |
smh 1 Like |
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