SAD: See How Buhari Is Killing Our Economy - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / SAD: See How Buhari Is Killing Our Economy (2738 Views)
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| SAD: See How Buhari Is Killing Our Economy by YouthsPC0: 8:11pm On Oct 23, 2015 |
The Effects of Buharinomics an economic theory that wrecked havoc over 3 decades ago is beginning to rear it's ugly head as Nigeria's octogenarian leader begins the Implementation of his upside down economic policies and harmful forex restrictions 1. Niger Dock Sacks 1400 2. Jumia lay off 300- Jumia 3. Shell Sacks - 6500 - Nigerian Monito 4. Zenith Sacks 1200- Premium Times 5. Lacaera Sacks 700 - Vanguard 6. 60,000 construction workers sacked. The Nation 7.Coca cola sacks 800 - Osun Defender 8. Access bank sacked 800 staff 9. Skye Bank sacked 400 staff 10. Unity Bank sacked 320 staff 11. Guinness Nigeria profit decline by 75 % 12. FMCG compies record 50% decline in profits 13. MRS records 88% profit. Declinne 14. Lafarge record 7 % profit decline 15. Nestlé Recors 58.2 % Profit decline The list is endless..... Foreign exchange restrictions coupled with lack of economic blueprint or direction have combined to frustrate indigenous companies and Entrepreneurs forcing them to either downsize, scale down production or close down completely. If the current loses are not quickly reversed the companies might be forced to downsize further. The Sooner the APC Leadership realise Buharinomics is a recipe for disaster the better for all of us. http://theeconomyng.com/?p=5143 http://www.bloomberg.com/news/articles/2015-08-05/mtn-profit-declines-11-as-sales-fall-in-nigeria-south-africa http://www.punchng.com/business/capital-market/guinness-nigeria-suffers-76-profit-decline/ 8 Likes 1 Share |
| Re: SAD: See How Buhari Is Killing Our Economy by SeverusSnape(m): 8:12pm On Oct 23, 2015 |
I wish all the sacked people voted "change".  15 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by Beesluv: 8:12pm On Oct 23, 2015 |
Everything will come to place soon by God's grace |
| Re: SAD: See How Buhari Is Killing Our Economy by davuvid(m): 8:14pm On Oct 23, 2015 |
I wonder how people live with the devil? |
| Re: SAD: See How Buhari Is Killing Our Economy by francoray(m): 8:21pm On Oct 23, 2015 |
Op stop misinforming the public, lacasera has reinstated their workers. All these your unverified figures. As PDP senator's kept quiet when Chibuike Amaechi was in their midst.... So shall your enemies keep quiet when it's your turn to shine..... 5 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by apcpdpallscam(f): 8:21pm On Oct 23, 2015 |
D worst wil b d effect of Tsa.to file a document of 100# in cac,i was asked to go n pay in d bank.watch out for crunchy economy. 1 Like |
| Re: SAD: See How Buhari Is Killing Our Economy by Nobody: 8:23pm On Oct 23, 2015 |
@OP - Your father [no offense ]. The Lacasera 700 sacked staffs were reinstated.www.nairaland.com/2653866/la-casera-reinstates-700-sacked |
| Re: SAD: See How Buhari Is Killing Our Economy by YouthsPC0: 8:25pm On Oct 23, 2015 |
A Govt that does not know how you earn your money now decide how much you can spend with your master card. The implication is that a Young entrepreneurs who could previously order for Goods or raw materials and pay using his master card is now forced to to either buy in piece meal or resort to cash payment which the govt has blocked 4 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by Nobody: 8:33pm On Oct 23, 2015 |
How do you kill a dead person  ?? |
| Re: SAD: See How Buhari Is Killing Our Economy by Nobody: 8:37pm On Oct 23, 2015 |
SeverusSnape:I'm sure it would have been worse; much worse if we continued with the old administration. Buhari is not responsible for the collapse of oil price. We were already borrowing to pay salaries when oil price was stable. Time for us to look inwards and diversify. 5 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by SeverusSnape(m): 8:45pm On Oct 23, 2015 |
kITATITA:It's okay. Let's see what Dullarpo will do.  5 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by biafranqueen: 9:28pm On Oct 23, 2015 |
francoray:How about the others, he listed so many others? How about guinness beer? What about Royal Dutch Shell cutting 6,500 jobs ? Keep making excuses for them so they can keep plummeting the economy  13 Likes 1 Share |
| Re: SAD: See How Buhari Is Killing Our Economy by badnature: 9:39pm On Oct 23, 2015 |
that's good,that's good buhari is working give him time&corie sai baboons and monkeys! proudly 5%4 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by lilbazy(m): 9:44pm On Oct 23, 2015 |
If you think buhari should apologize to nigerians and
resign,click like.........if you think otherwise,click share 17 Likes 2 Shares |
| Re: SAD: See How Buhari Is Killing Our Economy by soloafe: 9:47pm On Oct 23, 2015 |
my conscience is clear, thank God I never voted anybody from that church of Satan, call APC. This is just the be beginning . 5 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by mightyhaze: 9:48pm On Oct 23, 2015 |
A past head of state dat left govt more dan 30yrs ago cudt multiply his own fortunes,...and u expect him 2 work magic on nigeria. Imagine rantin abt havin just 1m and one or 2 houses here and dere and gullible nigerians were fallin ova demselves in applause! Does dat not show lack of creativity?? Ds man wasn't involved in any profitable ventures,no humanitarian involvements,no books 2 his credit,just nuffn! But all d while plottin how 2 return 2 power by all means.How can u xpect sb dat hav no clue on how 2 create n multiply his personal wealth 2 now work magic on a country such as nigeria?? Make God helep pasn 4 ds kain 1 chance fake change wen we don enta so 14 Likes 1 Share |
| Re: SAD: See How Buhari Is Killing Our Economy by cjrane: 10:51pm On Oct 23, 2015 |
YouthsPC0: Nigerians ain't seen nothing yet. Didn't they ask for it? Just wait until the dulllard spends 4 years. They won't even have mouth to complain. 7 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by marciano3d: 11:13pm On Oct 23, 2015 |
The OP doesn't understand the way the economy works nor about the balance sheet 1st You blame buhari for guiness nig plc decline in profit but fail to look at the part where buhari resumed as the president 5 months ago, out of a 12 year balance sheet , whereas profit and loss statement aren't usually released same month even if it's unaudited. So less than 5 months of the guiness profit decline issue was in buhari ' s term whereas d total income for this year and last was between the NGN 21 billion bracket just a reduction in profit based on an increase in expenses to keep sales up even while the country's purchasing power reduced as a result of decline in world oil price in a huge consumption, crude oil dollar based economy. In real life even before we had the last election crude lost value with our consumption based economy the govt started touching the foreign reserve. Op foreign reserve is what we use to pay for dollars that ur Mastercard uses. There are two options use the foreign reserve and let the naira loses value to maybe NGN 300 per dollar or more. You will Still complain dat what was buhari dat naira lost value and your would end buying for more than the NGN 300 because d Dollar still won't be available and d more expensuve black market is still d most viable option. Or Restrict use of dollars until the country's dollar revenue matches or surpasses our dollar expenditure. 1 Like |
| Re: SAD: See How Buhari Is Killing Our Economy by igwedaboss(m): 12:24am On Oct 24, 2015 |
kITATITA:Preach... let they know |
| Re: SAD: See How Buhari Is Killing Our Economy by ProfessorPeter(m): 1:45am On Oct 24, 2015 |
SirWere:by crying.proudly wailing wailer |
| Re: SAD: See How Buhari Is Killing Our Economy by zuchyblink(m): 1:50am On Oct 24, 2015 |
i blame the myopic Zoogerians that voted for him. Proud and happy to be a 5 star voter 3 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by ZKOSOSO(m): 2:14am On Oct 24, 2015 |
This is just the begining! I know Buhari the last time he got a shot at presidency. He is too slow for Nigeria! 1 Like |
| Re: SAD: See How Buhari Is Killing Our Economy by brixton: 3:11am On Oct 24, 2015 |
Chanji |
| Re: SAD: See How Buhari Is Killing Our Economy by Adminisher: 4:12am On Oct 24, 2015 |
YouthsPC0: Actually Jonathan killed it before the oil price crash. 1 Like |
| Re: SAD: See How Buhari Is Killing Our Economy by Adminisher: 4:26am On Oct 24, 2015 |
ZKOSOSO: Buhari does not build without foundation. That is slow and sure. The only.thing PDP has done is to sell all FG assets almost 10000 companies at cheap prices and even made the privatised firms useless and inefficient making them monopolies operating without even taxation - too much pampering causes inefficiency. Feeding bottle economics with government assets sold to bad managers. They also moved government money around the banking sector and created 'fake' reflationary effects in the economy. Okonjo and Aganga were able to attract short term investment into the economy but twice the investments that came through the stock market all vanished when the companies ran into problems internationally. PDP is the party that did not build refineries, petrochemical plants, Steel plants, et.c when Nigeria was earning $100 a barrel from oil. They merely sold what we had and frustratEd any investment that did not have Dangote and a other few people involved. The opportunity of $100 a barrel will never come again. Nigeria should build it's economy with strong foundations. Not flash. It is investments in agriculture, agro allied, solid minerals, petrochemicals, chemicals, cement and services. We also need to stimulate consumption by empowering the poor with money and skills. If there is no middle class Dangote won't have anyone to buy cement and people will stop buying petrol. 1 Like |
| Re: SAD: See How Buhari Is Killing Our Economy by warrior01: 4:59am On Oct 24, 2015 |
Adminisher: I was expecting some dullard to spew this nonsense and immediately you came on board. Are you now saying the Buhari body language is utterly useless? If it's good, it because of Buhari but if it's messed up just like the idi.ot is presently doing, then blame Jonathan. You guys will keep playing the ostrich with all manner of rubbish excuses till the end of APC. Isn't it obvious to you that Buhari is confused and knows nothing about governance; he wanted power by all means and now he has got it and that's it. Nothing more nothing less 3 Likes |
| Re: SAD: See How Buhari Is Killing Our Economy by Remii(m): 5:48am On Oct 24, 2015 |
biafranqueen:shell job loss is worlwide, its due to downturn in oil business, oil workers are losing jobs all over the world now. Guinness end if year report ended sept, pmb took over in may, let us discuss with some depth of facts and analysis. even gej and okonjo warned of tough times ahead. |
| Re: SAD: See How Buhari Is Killing Our Economy by ChemicalMallam(m): 6:00am On Oct 24, 2015 |
Actually guineas lost 75% because people have now decided to quit alcohol and make better use of there life |
| Re: SAD: See How Buhari Is Killing Our Economy by Nobody: 6:45am On Oct 24, 2015 |
YouthsPC0:Actually to slap you just they hungry me.. Watch "How to download paid apps using getapk" on YouTube - https://www.youtube.com/watch?v=5cs5As4P5Uo |
| Re: SAD: See How Buhari Is Killing Our Economy by banki(m): 7:01am On Oct 24, 2015 |
Please tell me where zenith bank sacked 1200 workers? Has buhari implemented or passed any budget? Is it buharis fault that oil prices dropped significantly many states pdp and apc alike couldn't even pay salaries Things were bad until they got bail out funds where released In all honesty the government must act quickly to save us from recession but we must stop this useless rumour mongering and hate |
| Re: SAD: See How Buhari Is Killing Our Economy by galadima77(m): 7:30am On Oct 24, 2015 |
We need more hands in the Agricultural sector God Bless Buhari! |
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