obailala:
Seems like you are an unintelligent student. Firstly, even a partially blind primary one pupil can see from the chart that the gdp rate was involved in a downward acceleration from mid-2014 (supposedly when the oil prices began to drop) to the 2nd quarter of 2015. You are free to continue disgracing yourself by claiming buhari was responsible for that downward spiral.

Secondly, the the 2nd quarter of a year runs from April-June not July; stop disgracing yourself and embarrassing the people who toiled to send you to school. Data from the NBS show that the growth rate as at the 2nd quarter (being April-June) was 2.35%; but obviously in your peculiar wisdom, it was Buhari who presided over the last month of 2Q that was responsible for the 2.35%, infact buhari was even responsible for the steady downward nosedive of the gdp rate since mid-2014. You lads defending Jona are very 'intelligent.'

"Einstein", your initial claim was that Buhari inherited a 2.3% GDP growth, it is a lie. And you should stop the falsehood, ok.

Seeing that your lie was busted, you are now laboring to be clever with a childish definition "2nd quarter" - April - June.

Then seeing that your lie is going to catch up with you even with your own "definition", you adopted a preemptive attack -

in your peculiar wisdom, it was Buhari who presided over the last month of 2Q that was responsible for the 2.35%, infact buhari was even responsible for the steady downward nosedive of the gdp rate since mid-2014.

That's the tactics of the guilty. You should have left it as is and allow independent minded folks to judge your "advertised intelligence".

Be that as it may, Buhari's election win, announced on April 1st, effectively put Jonathan's administration in a LAME-DUCK MODE, and virtually all economic activities were on hold.

Smart investors, businesses and corporates withheld spending on investments until the swearing-in - until the direction of Buhari's government was clear. All you kept hearing at the time was, "after the swearing-in".

No intelligent businessperson will put his/her money down under uncertainty, especially as Buhari was blowing hot-air all over the world without regard to the grievous damage he was doing to the Nigeria's economy - he hasn't stopped really.

They all waited for an economic policy direction of the incoming government - Buhari presented NONE then, and has failed to present any, almost one clear year after the election.

The oil price decline that you kept hammering on doesn't present the whole story.

Indeed, the oil sector constitutes a miserly 9.80% of the GDP.

While the non-oil sector constitutes a massive 90.20%.

Oil price story is for government revenue and foreign currency (dollar) reserves - it is a shame you don't know these things.

Data from the NBS you quoted (how could the SMART ONE not have seen it?) show that the growth of oil production has always been below the growth of the non-oil sector.

Even when the oil price was high, Nigeria's crude oil production level was hampered by oil thefts and shut-ins which made budgetary provisions largely unmet.

Your penchant for data manipulation to LIE for Buhari is legendary on this forum.

The data you have with you is not for mischief. Neither is it to just STARE at the graphs like kindergarten pupils.

They are for serious analyses, the type of which only the initiates/adults are capable of interpreting.

Get a tutorial from a close cousin or a neighbor, quickly.

obailala:
Lol... point of correction, only one set of people fervently pray and wish and cry and wail and gnash their teeth for Buhari to resign. These set of people are the only ones who will heave a sigh of relief and infact, erupt in a wild euphoric jubilation on and off the streets if Buhari resigns or gets incapacitated or dies. These guys I talk about are simply the Jonathanians, primarily the ones of Igbo extraction who have unfortunately exhibited a total incapacity to get over the election loss of GEJ; even the Niger Delta has since gotten over it.

If there is any relief I would experience should buhari cease to be president, it will be the mental relief from encountering the endless daily wails and cringe inducing embarrassing vituperations by you jonathanians. I would also be releived to realise that 'maybe' we may have a return of sensible, mature and educative arguments on the website as it used to be prior to the days of Jonathan and his strange fanatical followings. Lastly, I would be most relieved seeing a possible end to the continuous ridicule a lot of Igbo jonathanians have subjected the Igbo race to since GEJ lost that election.

What you saw in Dutse (Jigawa State) this past week should give you an idea of where the "wild euphoric jubilation" will start from if he resigns - that is if you are half as smart as you claim.

porka:


"Einstein", your initial claim was that Buhari inherited a 2.3% GDP growth, it is a lie. And you should stop the falsehood, ok.

Seeing that your lie was busted, you are now laboring to be clever with a childish definition "2nd quarter" - April - June.

Then seeing that your lie is going to catch up with you even with your own "definition", you adopted a preemptive attack -

That's the tactics of the guilty. You should have left it as is and allow independent minded folks to judge your "advertised intelligence".

[size=15pt]Be that as it may, Buhari's election win, announced on April 1st, effectively put Jonathan's administration in a LAME-DUCK MODE, and virtually all economic activities were on hold.[/size]

Smart investors, businesses and corporates withheld spending on investments until the swearing-in - until the direction of Buhari's government was clear. All you kept hearing at the time was, "after the swearing-in".

No intelligent businessperson will put his/her money down under uncertainty, especially as Buhari was blowing hot-air all over the world without regard to the grievous damage he was doing to the Nigeria's economy - he hasn't stopped really.

They all waited for an economic policy direction of the incoming government - Buhari presented NONE then, and has failed to present any, almost one clear year after the election.

The oil price decline that you kept hammering on doesn't present the whole story.

Indeed, the oil sector constitutes a miserly 9.80% of the GDP.

While the non-oil sector constitutes a massive 90.20%.

Oil price story is for government revenue and foreign currency (dollar) reserves - it is a shame you don't know these things.

Data from the NBS you quoted (how could the SMART ONE not have seen it?) show that the growth of oil production has always been below the growth of the non-oil sector.

Even when the oil price was high, Nigeria's crude oil production level was hampered by oil thefts and shut-ins which made budgetary provisions largely unmet.

Your penchant for data manipulation to LIE for Buhari is legendary on this forum.

The data you have with you is not for mischief. Neither is it to just STARE at the graphs like kindergarten pupils.

They are for serious analyses, the type of which only the initiates/adults are capable of interpreting.

Get a tutorial from a close cousin or a neighbor, quickly.

You are quite shameless hope you know that?...

The bolded part of your message, you accuse Buhari of crashing the economy EVEN before he took over?... wow! Buhari must be a miracle worker to you for his body language to start crashing the economy even when GEJ was still leader. This has to be the lamest and most shameless attempt at exonerating your hero. And I ask again, from the chart, it can clearly be seen that the growth rate had already started falling from mid 2014 and it reached the lowest as at 2Q 2015, was Buhari also responsible for that downward trend?

I have made it clear to you that the economic buoyancy Nigeria enjoyed under GEJ was just a function of super high oil prices; the moment oil prices started crashing from 3Q 2014, Nigeria's economy instantly started going under. But you stubbornly insist that it must be the emergence of Buhari and not oil prices, and then you come up with such an embarrassing explanation above?... Probably in your wisdom again, 'The Nigerian Economy' foresaw up to 8 months ahead of time that Buhari was going to win GEJ in 2015, so the economy began to nosedive ahead of time from late 2014. You totally refuse to agree it has anything to do with oil prices nor GEJ, it justhas to be the buhari you hate so much.

By the way, I didnt bother reading the rest of those things you wrote after I arrived at that bolded sentence.

Lol at the "fastest economy" not fastest growing economy, right?
What economy was growing fastest under Jonathan when he was already borrowing to pay Federal workers before he left the seat? Continue making yourself feel okay by lying to yourself.