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Nairaland Forum / Nairaland / General / Politics / A Look At Venezuela And Why Our Government Deserves Commendation. (6253 Views)
Buhari's Government Deserves Praise For Improvement In Power Supply / Food Shortage In Venezuela And The Nigerian Economy / Lagos-calabar Rail Project: Those Worthy Of Knocks And Those For Commendation (2) (3) (4)
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by veraponpo(m): 11:39am On Aug 12, 2016 |
This is exactly my view too OP. Many people don't know the great help that this administration has done for this country by reducing our expenditure, reflating the economy with big spending especially in the area of infrastructural developments, reducing spending on recurrent outlays, etc. It might not be good enough but far better than going down the drain as we were heading before May 2015. We smile at last I believe. 3 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by searchng4love: 11:41am On Aug 12, 2016 |
obailala:Diversification in your words is not getting a job of 7 AM to. 8 PM to increase your income... It's only a fool who does more of same for diversification or change..... Hence Buhari is grossly incompetent in that aspect... More so building railway lines and roads with loans while still round tripping petroleum products is a sacrilege and a crime against the State. 4 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by Standing5(m): 11:44am On Aug 12, 2016 |
searchng4love:Well that's what you see but I know it doesn't exist. The people you call looters aren't. |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by obailala(m): 11:51am On Aug 12, 2016 |
searchng4love:So much for the wisdom of a person insulting others! It's only a fool that will throw away his only source of income because he 'believes' he needs to get more income sources. My point was very simple and commonsensical, diversification does not mean you should abandon your present source of income; diversification means seeking additional sources of income whilst you still maintain what you have. 4 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by vedaxcool(m): 11:51am On Aug 12, 2016 |
searchng4love: You lies would shame the devil 1 Like |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by PaulIdu: 11:54am On Aug 12, 2016 |
obailala: MyBro No insults meant please but your brain needs to apologise to you for letting you down if you really think that low oil price is responsible for the really bad state of the Nigerian economy.. the fact is that low oil prices a country from 25 percent of the problem the rest 75 can be attributed to poor vision , lack of wisdom of Buhari himself ..make no mistake Buhari doesnt have what it takes ..shei we will all be here in 2019 . . Regards Sir 1 Like |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by CSTR12: 12:00pm On Aug 12, 2016 |
Nigeria is a country of riff-raffs, rogues and mad people. Citizens like the OP who are enemies of the common man. Venezuela was already in a deep economic quagmire long before oil prices crashed due to a combined effect of an incompetent dictatorship and grippling american sanctions that has further destroyed their economy. GEJ for all his mediocrity and corruption handed over a much better Nigerian economy to buhari which has deteriorated sharply in a space of 2 years. That is inexcusable. Nigeria is also not under any economic sanctions unlike venezuela, so there is no possible genuine comparison between both. It is unfortunate though a lot of poor simple and ignorant Nigerians would unfortunately fall for these hideous and despicable charlatans in their excuse and defense of a failed president and his clowns in power. 3 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by ba7man(m): 12:04pm On Aug 12, 2016 |
PaulIdu:You were earning N300, 000 last year.......... all of a sudden, you were slashed to N100, 000. How effective do you think you'll be trying to operate at the same level you once did? It means you're now almost 70% less effective. Thank God this nation is still functional. 2 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by justhelp(m): 12:11pm On Aug 12, 2016 |
PaulIdu:no insults bro, never new you are this senseless sometimes cos when crude oil was $140 per barrel you said our economy was good,so tell me the vision and wisdom of previous govt that can not save and look beyond oil, but now that oil is less than $50 and govt must pay salaries without reduction in salaries and others expenditure yet want this govt to perform miracle within a year in power ah ha bros borrow some brain nah. 2 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by obailala(m): 12:13pm On Aug 12, 2016 |
PaulIdu:A country loses almost 70% of its income but someone who prides in the effectiveness of his own brain thinks oil price isn't a problem but rather Buhari is. Mr Brain, we have gone past the political season where we link everything to political sentiments and betray common sense. Anybody with a bit of intelligence knows what the biggest problem in Nigeria is today. But then, I don't have the strength to go back and forth with emotional folks or unintelligent people, so YOU WIN! Buhari is the one responsible for Nigeria's present economic downturn, we should have voted Jonathan to come and transform our lives, a man who couldn't transform anything when there was excess, maybe his goodluck could have miraculously transformed things now we are in lack. 4 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by PaulIdu: 12:20pm On Aug 12, 2016 |
ba7man: Very Good if I was earning 300k and my salary was slashed to 100k but I then decide to start burn down the company warehouse in a bid to find rats that ate a receipt booklet who would you blame for the hardship that would follow ..Os it my reduced salary or the fact I knew my salary had reduced but yet I burnt down the warehouse because of rats ..that's exactly what Buhari did.. he knew oil price had fallen instead of maximising output like Saudi Arabia did he chose the same time to raise tensions in the Niger delta because of some university fraud which is Akin to burning down warehouse just because rat ate reciepts 3 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by ba7man(m): 12:27pm On Aug 12, 2016 |
PaulIdu:Your analogy is wrong. It's more like ignoring your kids that steal out of your money when it was still adequate. Now it's been slashed and some still want to continue at the same rate or the last salary was badly looted and you see them buying toys and sweets in your presence. Will you let them continue or teach their leader that knows how to jump into your bedroom to open the door from the inside for them to come in and loot? 3 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by SuperPanther: 12:30pm On Aug 12, 2016 |
Abagworo: Don't you have shame 2 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by Abagworo(m): 1:05pm On Aug 12, 2016 |
CSTR12: GEJ handed over a n economy that was borrowing for recurrent expenditures. 5 Likes 1 Share |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by ashjay001(m): 1:42pm On Aug 12, 2016 |
searchng4love: Fantastica oga! Pls, can u enlighten me on how GEJ n NOI were planning on paying FG salaries n bailing out those states who couldn't pay as at then? Can u explain why it took d coming of d 2015 election for BH to face any sort of resistance from d Naija army? Keep it real! 3 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by 4dor: 2:03pm On Aug 12, 2016 |
searchng4love: You're mumbling a lot of things together but I won't even bother myself about that. One question for you though, why was our economy certified as the largest in Africa? If you answer this, then we will see if you really know what you're saying. 2 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by 4dor: 2:15pm On Aug 12, 2016 |
CSTR12: Really? Venezuela? A country that was building houses for its citizens? Ok, let's even agree that you're right, what of Saudi Arabia? 2 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by Ovamboland(m): 2:40pm On Aug 12, 2016 |
PaulIdu: Oh I see you're at pains a government is performing one of it's core function of law enforcement. And only the government suffers the impact of those criminals you wish are left alone? |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by PaulIdu: 2:52pm On Aug 12, 2016 |
Ovamboland: Do not misconstrue me please. .what I meant that wasn't the time to start chasing after them he should have waited till he had leveled out the economy before going after them ..now that's wisdom but Buhari lacks it plenty |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by President99: 4:08pm On Aug 12, 2016 |
GEJ is the root caused of all these problems.If
he had saved like OBJ saved, Nig would have
been better. but the Otuoke clown was busy
dishing out our hard earned FOREX to Dasuki,
Fayose n the likes.
GEJ met over $68B+crude oil sold over $100
per barrel for most part of his tenure yet he
couldnot save.
Anyway, the gele woman has recently said all,
that their inability to save for rainy day caused
the present economic woes 3 Likes 1 Share |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by Famouson: 4:12pm On Aug 12, 2016 |
Suprnov3r:I'm not a fan of Buhari and APC.. Just want to say one or two things.. Under these previous administrations, insurgency was more like the greatest threat to humanity.. Buhari is not the best, but in my opinion I think he's trying ... He's doing one thing at a time..Now the issue of boko haram has died down, if not completely...My opinion tho 3 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by Nobody: 4:21pm On Aug 12, 2016 |
Famouson: You are right. The boko haram situation has improved considerably under buhari. Kudos to him for that GEJ wasn't a genius. In fact he wasn't all that smart yet we saw some progress under him. The reason is simple, he was open to advice where it mattered. That's is buhari biggest failing. Buari does not heed advice. Thia is appatent in his appointments and policies. That is a greater threat than boko haram in its worst point. The long term effect of boko haram is what we are seeing now. The long term effect of buhari behaviour is obviously more catastrophic as even insecurity has increased nationwide |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by Famouson: 4:31pm On Aug 12, 2016 |
Suprnov3r:I clearly agree with you.... GEJ'S and Buhari' administration have a share in the ongoing economic recession.. ..... ... ... I'm optimistic that by this time next year Nigeria would be in good shape.... |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by rose54321: 5:47pm On Aug 12, 2016 |
Dude dude dude, please spare us this political talk. The major issue Nigerians have with this Administration is it's tribalism and nepotism. Yes there is hunger, and yes people are suffering, but we would have accepted it as a global trend self for the slope-sided appointments, backdoor employment, Kyari's dictatorial impositions, and so on. Prior to the elections, recall how all Nigerians regardless of religious or ethnic affiliations trooped out on mass to support Buhari, aren't you curious as to why the status quo has changed? |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by uckennety(m): 6:15pm On Aug 12, 2016 |
Op u need this!
|
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by laudate: 10:47pm On Aug 12, 2016 |
veraponpo: Reflating the economy with big spending especially in the area of infrastructural developments?? Reflating, 'kini'?? as my former teacher would say? Which infrastructural development? Where? In which local government area?? Tell us, oh! |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by NOETHNICITY(m): 5:25pm On Aug 13, 2016 |
searchng4love:ur ignorance is extraordinary! Do u know d meaning $40b? Were is ur source? 1 Like |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by maclatunji: 5:30pm On Aug 13, 2016 |
Abagworo: Let me add the fact that idiots and morons are not blowing pipelines to sabotage the Venezuelan economy as they are in Nigeria. I have always said this to people outside Nairaland. Glad to see you create a thread about it. Another example I use is Greece that borrowed its way into insolvency. 1 Like |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by edoyad(m): 5:45pm On Aug 13, 2016 |
obailala: Is this the first time Nigeria has experienced a drop in oil price. Google oil prices since the return of democracy and see how OBJ and NOI steered this country through almost $20 per barrel
|
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by obailala(m): 10:58pm On Aug 13, 2016 |
edoyad:VEry flawed logic! As at OBJ's time, what was Nigeria's dollar demand?.... We didnt even have ATM cards or international mastercards to do international transactions. Unlike today when every Tom, Dick and Harry is into importation business and buying of even the most basic goods from abroad, the demand for forex by Nigerians as at the time of OBJ was ten times less than what it is today. Also, what was the minimum wage during the time of OBJ compared to today?... Are you aware the federal civil service population has more than doubled and minimum wage has more than tripled?..... Are you also aware that the general recurrent expenditure of the nation was far far less than what it is today? I will give you a simple analogy; a man's salary increases from 10k to 100k and then he marries more wives and births more children after several years. Now after many years and many more wives and children later, his salary is slashed suddenly from 100k to 30k. Of course it is only commonsensical to know that his general standard of living cannot remain the same as before, especially since he cannot chase away his new wives and new children. In summary, Nigeria of today is totally different from what it was during the days of OBJ's; so your comparison of things being 'fine' during the $20 days of OBJ vs the situation of things now is baseless, except you are suggesting Buhari to sack half of the federal civil service and reduce minimum wages to N3000. You also asked if this is the first time NIgeria has experienced a drop in oil price. This is by far the longest oil price drop in recent history and this is also the first time the nation is having no savings to counter the effect of the oil price drop. THe last major oil drop was in mid-2008, the only reason Nigeria survived it was because OBJ/Yaradua had saved so much in forex reserves (up to $62billion), in 2008, it cos Nigeria roughly $20billion of that amount to survive that oil price drop which by the way lasted for only roughly 6 months (compared to the present drop which has lasted for over 2 years). 2 Likes |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by 4Play(m): 1:05am On Aug 14, 2016 |
These online propagandists get emailed talking points which they promote endlessly - for APC propagandists, their recent talking points include the misleading comparison to Venezuela. At the heart of the talking point is that the present government deserves praise as Nigeria's present economic performance is not as bad as Venezuela's, a fellow oil producer. The problem with this line of argument is that it masks a major piece of irony: if Nigeria's relative outperformance vis-a-vis Venezuala constitutes a basis for praising the present government, it is also a basis for praising the PDP government. This is because Nigeria has been outperforming Venezuala for a while. Here is an extract from a January 2014 article about the Venezuelan economy: If there were an award for the messiest year in Latin America, Venezuela would win it by a landslide. Currency problems, drastic shortages and political wars marked a 2013 that began with the death of Comandante Hugo Chávez in early March. Since then, successor and current President Nicolás Maduro has been trying to carry on his legacy at any cost -- and many fear that is bringing the country close to collapse.http://www.ibtimes.com/venezuelas-economy-will-continue-suffer-2014-analysts-predict-further-recession-1535334 You can see from the above that Venezuela has been in the economic doldrums for years dating back to at least the GEJ government era. Now are the APC propagandists going to praise the GEJ government - as they are doing with the Buhari governemnt - on the basis that Nigeria outperformed Venezuela during the GEJ era? |
Re: A Look At Venezuela And Why Our Government Deserves Commendation. by 4Play(m): 1:15am On Aug 14, 2016 |
PS: There is a facility on google that allows you to do a comparative analysis between Venezuela's GDP growth and Nigeria's - https://www.google.co.uk/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_mktp_kd_zg&idim=country:NGA:DZA:GHA&hl=en&dl=en#!ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_kd_zg&scale_y=lin&ind_y=false&rdim=region&idim=country:NGA:VEN&ifdim=region&hl=en_US&dl=en&ind=false 2 Likes |
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