hardywaltz:
Ur analysis is incomplete
Include the price of crude sold by the PDP government and the price of crude sold now.
That should help u in ur analysis

Ps: note dollar was N240/$ in May 2015

Business247:


That's what you use in consoling yourself right?

hardywaltz:

Console?
Not at all
But will prefer to paint the full picture

hardywaltz:

Console?
Not at all
But will prefer to paint the full picture

Derawiz:
I have found out that Nigerians are very difficult to please, they prefer to be flogged than pampered. As a matter of fact, the average Nigerian is so foolish, that if this administration should return things the way the met them when they assumed office, Nigerians would still applaud that as a political point.
You can imagine, someone took dollar exchange rate from 1$/180naira to 1$/400naira, and after about 8months of hardship, this administration struggled to bring it down to 1$/330 naira and again, the foolish Nigerians started applauding again.
Nigerians just love suffering, else how would some people still be campaigning for this administration, because of rice and wrappers? That would finish and wear out before 4 years elapse? Well what do I know? Nigerians learn the hard way

hardywaltz:
Ur analysis is incomplete
All u mentioned are import/consumption item why not also include the only commodity we export to pay for all u mentioned.
Include the price of crude sold by the PDP government and the price of crude sold now.
That should help u in ur analysis

Ps: note dollar was N240/$ in May 2015

hardywaltz:
Ur analysis is incomplete
All u mentioned are import/consumption item why not also include the only commodity we export to pay for all u mentioned.
Include the price of crude sold by the PDP government and the price of crude sold now.
That should help u in ur analysis

Ps: note dollar was N240/$ in May 2015

surgical:
The exchange rate increase was buhari's fault no matter how you look at it. for short fall in revenue he has more than compensated for it by increament and introduction of different taxes and savings from not paying subsidies, and borrowing, so money was not his problem but lack of creative ideas and his substandard team who are learning on the job.

Derawiz:


How some people have sold their conscience for 30k per month still marvels me. Is this what BMC has been reduced to?? To a bunch of delusional urchins who feel that 30k per month is a big hit?

Business247:
In those days when PDP destroyed the economy for 16 years,

A bag of rice was N7500 and a litre of petrol was N87.

A dollar was N170.

A 'Bajaj' motorcycle was N82,000

A 10kg bag of Semovita was N1,100

A 10kg bag of Wheat meal was N700

The Lagos-Abuja transport fare was N2500

A 75ml of palm-oil was N70

A bottle of Coca cola was N60

A tin of Peak milk was N80

A pack of Ciprotab drug was N1100

Infact, Those guys destroyed the economy totally! Wicked people!!!

Thank God for our APC Messiahs that have come to revive the economy;

A bag of rice is now N16,000 and a litre of petrol is now N350.

A dollar is N368!!!

A 'Bajaj' motorcycle is now N280,000

A 10kg bag of Semovita is now N3000

A 10kg bag of Wheat meal is now N2800

The Lagos - Abuja fare is now N15,500

A 75ml of palm oil is now N400

A bottle of Coca cola drink is now N100

A tin of Peak milk is now N220

A pack of 'Ciprotab' drug is now N3200


Please say the truth...which government do you prefer and why?

chydon22:


U re just bunch of fool..... Biggest fool of 2018
Buhari is a bad luck to Nigeria. Controlled by bunch of criminal

FakoMaybach1:
i spit each time someone brings this crude oil argument. What is oils contribution to our GDP? about 24% . it is only Govt revenue that oil contributes about 90%. Is Nigeria run by govt alone? No we are a mixed economy, capitalism plays a huge role in Nigerian economy

APC killed the middle class, APC brought sorrow tears and blood to the land.
I wonder how many Nairalanders know basic economics, they keep shouting oil oil oil. it makes me really angry....PDP brought out massive programs which drove the private sector forward ...Cassava flour, Agric revolution by the former minister of agric, You win, and the license for modular refineries, the privatization of NEPA (even though they flopped it, but it was a good move) and the biggest win by PDP the telecom sector reform.

APC has not done any meaningful program in 3 yrs, aby NPOWER wey be NYSC remix na im una wan call?
APC is just a lying, thieving, conniving son of a bit.ch

Even in the anti corruption PDP beat APC, cus all the machinery APC is using PDP birthed them, there is no originality of ideas from APC, they are good at copy and paste

ivandragon:
the analysis does not capture the true situation of things.

if the comparison is accepted at face value, can it be said that because price of a bag of cement was N650 in 1995 that Abacha's government was better?


or that because fuel was less than N5 in 1993 means that Nigeria was flying high then...


we have to look at it from the perspective of standard of living...


how many people did PDP move from absolute poverty to a better living standard & how many has APC done in the time it has had...


how many new businesses came up?


how stable was our economy?


what was the purchasing power of the average working Nigerian...

what was life expectancy then & what is it now?


what was literacy level then & what is it now?


where there more job opportunities then compared to now?


the above are some of the questions that should be asked when doing a comparison... because if Nigerians was prospering under PMB, even if cost of goods & services are 1m more than the previous governments, it won't matter as long as the average people can afford them with little stress... that's the main difference...

Derawiz:
I have found out that Nigerians are very difficult to please, they prefer to be flogged than pampered. As a matter of fact, the average Nigerian is so foolish, that if this administration should return things the way the met them when they assumed office, Nigerians would still applaud that as a political point.
You can imagine, someone took dollar exchange rate from 1$/180naira to 1$/400naira, and after about 8months of hardship, this administration struggled to bring it down to 1$/330 naira and again, the foolish Nigerians started applauding again.
Nigerians just love suffering, else how would some people still be campaigning for this administration, because of rice and wrappers? That would finish and wear out before 4 years elapse? Well what do I know? Nigerians learn the hard way

hardywaltz:


Stop lying to urself
Our entire economy is solely dependent on oil export.
Our budget is based on the price of the crude and the quantity of crude we pump out and sell..
All 36 state Governments have their budget based on FAAC allocation which is based on sharing of proceeds from oil, even the VAT, Tax and custom duties are mainly oil related.

When the price of crude dropped at the international market our economy came crashing down like a pack of cards.

Derawiz:
I have found out that Nigerians are very difficult to please, they prefer to be flogged than pampered. As a matter of fact, the average Nigerian is so foolish, that if this administration should return things the way the met them when they assumed office, Nigerians would still applaud that as a political point.
You can imagine, someone took dollar exchange rate from 1$/180naira to 1$/400naira, and after about 8months of hardship, this administration struggled to bring it down to 1$/330 naira and again, the foolish Nigerians started applauding again.
Nigerians just love suffering, else how would some people still be campaigning for this administration, because of rice and wrappers? That would finish and wear out before 4 years elapse? Well what do I know? Nigerians learn the hard way

surgical:
The exchange rate increase was buhari's fault no matter how you look at it. for short fall in revenue he has more than compensated for it by increament and introduction of different taxes and savings from not paying subsidies, and borrowing, so money was not his problem but lack of creative ideas and his substandard team who are learning on the job.

FakoMaybach1:


It is obvious you are not well versed in Macro economics....The budget u are shouting of what is the implementation, i cant recall when Nigeria ever had up to 60% implementation of Budget. so what are you saying?.

Nigeria has other sources of revenue apart from Oil get that into your thick skull, and Oil does not and cannot determine our standard of living. APC threw us into recession, when the mad man refused to appoint ministers 6 months into his regime, running a one man show. Investors pulled out, capital market lost the 40,000 psychological mark we met years ago etc.

Blame oil as APC person wey u be always trading blames, keep blaming u hear

FakoMaybach1:


It is obvious you are not well versed in Macro economics....The budget u are shouting of what is the implementation, i cant recall when Nigeria ever had up to 60% implementation of Budget. so what are you saying?.

Nigeria has other sources of revenue apart from Oil get that into your thick skull, and Oil does not and cannot determine our standard of living. APC threw us into recession, when the mad man refused to appoint ministers 6 months into his regime, running a one man show. Investors pulled out, capital market lost the 40,000 psychological mark we met years ago etc.

Blame oil as APC person wey u be always trading blames, keep blaming u hear