jayfolarin:


Senseless Dummy!

Idiotic braggart!

Firefire:
/\ Some uninformed comments.

Zoo ko, Zoology ni.

This is the president you all want to make the world believe is the best Nigeria's ever had. Honestly, in all truth, don't you guys feel ashamed of this man deep down, but feel you have sank too deep with him and think it would be foolhardy and cowardly speaking about him in critical terms now? Isn't this man truly a disappointment??

Haba. Just look at the comment you could make after all what you read. Is it such a difficult task admitting someone indeed failed in his duty??

Smh.

ayusco85:
Ebele is leaving $60 Billion debt and a country with less than 1500 megawatts of power, no fuel, he permitted massive looting, radio stations, airlines and business are closing down due to lack of fuel, the Emperor abandons his country at the most critical time of need and yet clowns are demanding a Nobel prize for Goodluck Jonathan? Ko de ni ragba fun gbo gbo eyin Jonahedeens. Your life will remain as "pleasing" as Jonathan is leaving #Nigeria. You will be consumed by the same "fresh air" Jonathan is leaving in Nigeria. God will "transform" the life of you Jonahedeens the way your hero transformed Nigeria. I won't curse you guys, cursing you will be immoral. I only pray you continue to reap the way Nigerians are reaping from Jonathan today

A very big amen!

PassingShot:
At least no controversy in this report as it was put together by the outgoing government headed by Samboribobo himself.

What we are reading/seeing is only a tip of the iceberg. Wait till after the new administration fully resumes work to discover the true level of decadence that PDP/GEJ have plunged Nigeria into.

Had GEJ gotten a way to "win" the last election, Nigeria would SURELY HAVE COLLAPSED in another one year.

Seriously, Americans would hav had the last laugh on the 2015 predicted collapse of nigeriaif Gej and his gang had found a way to rig the presidential election. Bandits!

[quote author=Kolade354 post=34086057][/quote] Just told Ur dad to donate u to charity. arindin

bushdoc9919:
When you live in a resource dependent economy.....debts come with the territory.

How? I don't see Norway Qatar or Saudi Dubai piling up debts

well GEJ .....has done his worse.......i trust the general

Jona has got a whole lot to account for...

I hope the jail prophecy don't come true to hin

mikolo80:
How? I don't see Norway Qatar or Saudi Dubai piling up debts

Because they produce far more oil than Nigeria, have populations of 11 million (Saudi and Norway) or less than 1million (Qatar).and by extension can save far more...and finally in the case of Norway, have a diversified economy.

bushdoc9919:


Because they produce far more oil than Nigeria, have populations of 11 million (Saudi and Norway) or less than 1million (Qatar).and by extension can save far more...and finally in the case of Norway, have a diversified economy.

so why did you speak in absolutes like its gospel (all countries must go into debt.very ignorant sounding statement) and BTW all countries are resource dependent(depends on the resource) and
Who beg us to not diversify our economy

mikolo80:
so why did you speak in absolutes like its gospel (all countries must go into debt.very ignorant sounding statement) and BTW all countries are resource dependent(depends on the resource) and
Who beg us to not diversify our economy

And to answer the absolutes question.....

http://nigeriaworld.com/articles/2004/aug/062.html

The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty.

bushdoc9919:


And to answer the absolutes question.....

http://nigeriaworld.com/articles/2004/aug/062.html

The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty.

ok but no one says you have to borrow
thats why austerity measures exist
stop spending 1billion on feeding and buy tractors when the boom was booming,same goes for fiinancing other non oil sectors
anything besides this is profligate and irresponsible governance