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How They Distroyed Our Economy - Politics (2) - Nairaland

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Our Economy Failing Because Investors Know Buhari Not In Charge-bukola Saraki / We Have Darkness Because We Have Incompetent People Managing Our Economy-fashola / We Need To Tackle The Problems Of The Poor For Our Economy To Grow- VP Osinbajo (2) (3) (4)

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Re: How They Distroyed Our Economy by tuniski: 2:08pm On Jan 10, 2018
jpphilips:


You dont need to remind them, we have a country filled with dead brains they don't want to feel the impact of a broken economy, but they support those who ruin their economy.
They love pdp but they cant man up and buy petrol at 700 naira per liter, they dont want to buy peak milk at 500 naira, but they love pdp.
Remind those r@tards they will account for mismanagement first before reaping change.
Later you wonder why racists call them monkeys. Warn a black man "your economy will crash" he looks on his table once he sees 3 square meals, he goes about his normal buisness, once he loses his job, he will remember the condition of the economy.

Despite all the warnings someone that owns a brain still think Buhari is his problem so all the 2014 warnings was for orgasm purpose I guess.

Kachikwu wrote a letter warning us how the dsdp contract was abused by the current gmd of nnpc, what did Nigerians do? Started shouting that billions of dollars was missing from the nnpc, kachikwu himself became confused how stup!d his audience was.

The man was clearly warning them of impending fuel scarcity if only they researched what the dsdp contract means, none of those media !diots could enlighten themselves on what Kachikwu was saying.
The fuel crisis is here the usual dumbtards are shouting buhari buhari buhari!! Was Kachikwu stup!d to have warned you of this impending crisis 3 months ago?
Where is the hashtag calling for the sack of Baru for inflicting us with this fuel hardship, do I except the average Nigerian to have sense!


Hashtag to sack the substantive minister of petroleum (buhari) not just Baru. A CEO sleeping while his subordinates mess up is the chief culprit of the mess!
Re: How They Distroyed Our Economy by jpphilips(m): 11:23pm On Jan 10, 2018
tuniski:

Typical of buharideen!
Now that you are in agreement that oil price benchmark has been favorable to buhari's budgets, your use of volume adverse variance is self induced. A govt that came with a mind set of fighting and up turning , went too far in upsetting the peace in the Niger Delta immediately it came to power. From utterances to actions and body language, buhari created the grounds for the re-emergence of niger delta militancy. It is the the first sign of failure. It took the VP to revert back to pre-buhari admin status quo for peace to return.

The biggest lie being told is that boko haram no longer occupy any territory of nigeria and that they have been technically defeated. Well, we are in an era of compromised media. If not, why does the govt need 1bn$ to fight a defeated Boko haram?

Insecurity has multiplied in many folds with nigeria at it most divisive point ever!

Of what real economic or political gain is a 40bn$ Foreign reserve largely due to Favourable crude price and production volume, when the naira has depreciated from over 180% to almost 80% as of today?

The last admin left the reserve at 30bn$ and the naira at 197 to 1$.
Lastly, you can continue to be grateful to this disaster.

2019 is only next year!

Buhari should be held responsible for the 2016 bombing, oh yea!! Lets work with your childish logic, we will hold Obasanjo responsible for 2006 bombing and Yaradua for 2008 bombing right?
I wonder if Yaradua and Obj borrowed Buhari's body language and utterances as well. Use your fvcking head.

If you think BH is winning the Nigerian government, why don't you join them then send us some video clips since the media is compromised by your standard.
Only a child will ask why we need $1b to finance operation Lafiya dole, perhaps we need to ask you why the US is spending $15m daily to finance operation inherent reslove when the ISis leader was last seen in April 2017 and Isis completely routed out of Iraq and Syria?

Please show us proof where the previous administration left your foreign reserve at $30b, dont think you are talking to your fellow fvcktards.

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Re: How They Distroyed Our Economy by tuniski: 8:31am On Jan 11, 2018
jpphilips:


Buhari should be held responsible for the 2016 bombing, oh yea!! Lets work with your childish logic, we will hold Obasanjo responsible for 2006 bombing and Yaradua for 2008 bombing right?
I wonder if Yaradua and Obj borrowed Buhari's body language and utterances as well. Use your fvcking head.

If you think BH is winning the Nigerian government, why don't you join them then send us some video clips since the media is compromised by your standard.
Only a child will ask why we need $1b to finance operation Lafiya dole, perhaps we need to ask you why the US is spending $15m daily to finance operation inherent reslove when the ISis leader was last seen in April 2017 and Isis completely routed out of Iraq and Syria?

Please show us proof where the previous administration left your foreign reserve at $30b, dont think you are talking to your fellow fvcktards.

Lame and childish. Sorry for the mention. Ciao!
Re: How They Distroyed Our Economy by toniok: 8:46am On Jan 11, 2018
For me, pmb has done relatively well. We need to support him. Yes some commodities like rice etc were cheaper during Gej period because they were imported. Imported commodities sometimes are cheaper because they have better technology and access to capital. But that is not the way to go as a country. We need to grow our own food and be productive to generate employment. We dont need to spend all our forex on importing everything without making savings for the future generation.
Re: How They Distroyed Our Economy by 7lives: 9:09am On Jan 11, 2018
toniok:
For me, pmb has done relatively well. We need to support him. Yes some commodities like rice etc were cheaper during Gej period because they were imported. Imported commodities sometimes are cheaper because they have better technology and access to capital. But that is not the way to go as a country. We need to grow our own food and be productive to generate employment. We dont need to spend all our forex on importing everything without making savings for the future generation.

This your suggestions is DOA to the people wey HEAD THEY PAIN.
Nigeria was converted into a dumping ground for all manner of junks from abroad, the worst hit is the textile industry.
And THEY WAIL ABOUT UNEMPLOYMENT, dem no KNOW say awuf dey run belle.
Re: How They Distroyed Our Economy by tuniski: 9:13am On Jan 11, 2018
toniok:
For me, pmb has done relatively well. We need to support him. Yes some commodities like rice etc were cheaper during Gej period because they were imported. Imported commodities sometimes are cheaper because they have better technology and access to capital. But that is not the way to go as a country. We need to grow our own food and be productive to generate employment. We dont need to spend all our forex on importing everything without making savings for the future generation.
The money buhari was spending when he came in including bailouts were they his personal money?
Today, inflation is runaway and naira is seriously depreciated. Unemployment on the rise.
Tell me what good has this govt done?
Re: How They Distroyed Our Economy by toniok: 9:57am On Jan 11, 2018
tuniski:

The money buhari was spending when he came in including bailouts were they his personal money?
Today, inflation is runaway and naira is seriously depreciated. Unemployment on the rise.
Tell me what good has this govt done?

The revenue the country was getting during that period was small. He was able to manage it. No federal public servant was sacked, people were employed ( eg police,s firs, ) 200,000 people taken up in Npower and paid 30k stipend per month, federal civil servants were not owed. Yet he was able to make money available to bail out states. Inflation, exchange rate and unemployment are all consequences of over dependence on imports. What determines exchange rate amongst other factors is the demand and supply of a country's currency. Many nigerians are looking for dollar to import, school abroad, medical trip etc. The more we seek this dollar, the costlier it will always be. The most important thing is the stability of the exchange rate. If we had good schools, good hospitals, strong manufacturing base etc. we may not have need for dollar and we can decide to pay 100 for a dollar. Alternatively the Govt. can decide to give out the dollars we have in our reserve to all manner of importers to make everybody happy. But remember in the long run we will be creating employment for other nations, we will not have anything to keep for the future generation, etc. For me it is better we suffer temporarily now, make sacrifices for the future now that we have a Govt. that is not outstandingly corrupt like PDP.
Re: How They Distroyed Our Economy by tuniski: 11:56am On Jan 11, 2018
toniok:


The revenue the country was getting during that period was small. He was able to manage it. No federal public servant was sacked, people were employed ( eg police,s firs, ) 200,000 people taken up in Npower and paid 30k stipend per month, federal civil servants were not owed. Yet he was able to make money available to bail out states. Inflation, exchange rate and unemployment are all consequences of over dependence on imports. What determines exchange rate amongst other factors is the demand and supply of a country's currency. Many nigerians are looking for dollar to import, school abroad, medical trip etc. The more we seek this dollar, the costlier it will always be. The most important thing is the stability of the exchange rate. If we had good schools, good hospitals, strong manufacturing base etc. we may not have need for dollar and we can decide to pay 100 for a dollar. Alternatively the Govt. can decide to give out the dollars we have in our reserve to all manner of importers to make everybody happy. But remember in the long run we will be creating employment for other nations, we will not have anything to keep for the future generation, etc. For me it is better we suffer temporarily now, make sacrifices for the future now that we have a Govt. that is not outstandingly corrupt like PDP.
Hehehehe! Income low but debt rising at alarming rate. Any income shortfalls were duly and over matched with humongous borrowing.
Abeg leave long talk this govt is pitch poor on all fronts!
Re: How They Distroyed Our Economy by toniok: 12:54pm On Jan 11, 2018
tuniski:

Hehehehe! Income low but debt rising at alarming rate. Any income shortfalls were duly and over matched with humongous borrowing.
Abeg leave long talk this govt is pitch poor on all fronts!

Total external borrowings so far and to the extent nat.assembly has given approval may not be more than 5bn Usd. Remove it from the savings made in recent time about 16bn Usd (23 - 40), you will have a net of 11bn usd. Mind you this borrowings are not to settle recurrent expenses. They are for capital projects and some of them self liquidating. Mind you also that the savings will keep increasing while any capital project done now will not need to be done again .
Re: How They Distroyed Our Economy by tuniski: 5:51pm On Jan 11, 2018
toniok:


Total external borrowings so far and to the extent nat.assembly has given approval may not be more than 5bn Usd. Remove it from the savings made in recent time about 16bn Usd (23 - 40), you will have a net of 11bn usd. Mind you this borrowings are not to settle recurrent expenses. They are for capital projects and some of them self liquidating. Mind you also that the savings will keep increasing while any capital project done now will not need to be done again .
Mind you foreign reserve is not the same as sovereign wealth savings or Excess crude account.
Please do understand what they all are /purpose.

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