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Re: Nigerian Economy Slips Into Recession - BBC by yorke1: 11:59am On Aug 31, 2016 |
Buahri is damn dull. This country sef tire me. How can people vote an illiterate to be the president in this 21th century. I hail una. 5 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Bestofralph(m): 12:01pm On Aug 31, 2016 |
Nigerian Youths will always have something to say and nothing to do! All we do is criticize online. Obasanjo was a thief, Yar Adua hasn't finished one point agenda, he was planning on 7, Jonathan was clueless... All your online complains and criticisms put together will do nothing rather than mak ISPs richer. We are always online making jokes out of every situation. We were online when the so called "empty brains" were registering and voting their fellow "brainless people" into power. Unless you wake up, switch off your data, go out and do something, you'll also be online analyzing votes in 2019 and the cycle will continue. 4 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 12:01pm On Aug 31, 2016 |
Chinom: Stop buying these products, and it will fall. Some people are building houses in an economy that is on recession. does that make any sense? 2 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 12:01pm On Aug 31, 2016 |
piperson: The blame really lies in the fact that our economy has been, from independence dependent on the revenue from the sale of cotton, groundnut, cocoa, palm oil and lately crude oil/petroleum ......whose prices we all do not control. So when prices go down, our economy goes down. When your economy is so dependent on resources like Nigeria's you do two things....save, and at the same time become industrial. Saving really is a stopgap measure. The ideal thing is th become an industrial nation...which means you can set the price of your industrial exports. That is how China went from being a backward nation to sending men and women to space. 2 Likes |
Re: Nigerian Economy Slips Into Recession - BBC by PaulIdu: 12:03pm On Aug 31, 2016 |
Quakertellicus1: Please excepts from another Nairalander petsolo15: 9 Likes 4 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by deribigbe(m): 12:04pm On Aug 31, 2016 |
I am seriously waiting to see IF we will vote APC come next presidential election, because all want I see in APC is full of shit..... 3 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by oluwasegun007(m): 12:05pm On Aug 31, 2016 |
tommynico: No mind dem CNN just dey no... |
Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 12:07pm On Aug 31, 2016 |
NameChecker: Nah so |
Re: Nigerian Economy Slips Into Recession - BBC by Sunnycliff(m): 12:08pm On Aug 31, 2016 |
PUSH1: join the new Nigeria vanguard. pm me if you want to see what we are planning together to achieve as concerned Nigeria youths with pen and paper. 1 Like 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 12:11pm On Aug 31, 2016 |
Sunnycliff: planning to make the biggest farm in sub Sahara African? |
Re: Nigerian Economy Slips Into Recession - BBC by Miles300: 12:12pm On Aug 31, 2016 |
Sunnycliff:m tellin u , enough is enough 1 Like 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by MARKone(m): 12:18pm On Aug 31, 2016 |
tammie24: Of course!! Jonathan has his on fair share of blame, read the article well it said past leaders failed woefully in diversification of the economy. From the Gowon man that once declared that the country is so rich that we do not know what to do with our wealth. To IBB who sadly and unfortunately filtered away revenue $12bil accruing to the country during the Gulf war, wasting 8 solid years!! What did we get S.A.P. To the ota farmer who spent a good number of his time fighting his deputy and scheming for a third, to the fedora hat wearing otuoke man, who wasted!! And nearly depleted our foreign reserve all in the name of seeking reelection, we have been cursed in this country with bad leaders, PMB has no reason being here, as the man and his crew are just at loss on what to do. 1 Like |
Re: Nigerian Economy Slips Into Recession - BBC by NevetsIbot(m): 12:19pm On Aug 31, 2016 |
Diversify, they won't diversify.
Devalue, they won't... Buhari is badluck 3 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by 4Play(m): 12:29pm On Aug 31, 2016 |
Chinom: It's called stagflation or a supply side recession driven by currency crisis. Remember that much of the decline in oil prices from the high of circa $100 per barrel happened in the 2nd half of 2014. We did not technically (2 consecutive quarters of negative growth) have a recession until 2016. This tells you that the policy environment is partly driving the economic weakness. Remember when people were crowing that once the budget is passed, the economy will pick up? What the budget debacle signaled - including the plan to provide fiscal stimulus in the midst of a currency crisis - is that the policy framework is inadequate and that there is a glaring lack of competence at the highest level of government. That being said, we are probably near the end of the crisis. With the loosening of the fixed exchange regime and the sheer scale of the currency collapse, we may start to see things pick up. |
Re: Nigerian Economy Slips Into Recession - BBC by sekundosekundo: 12:30pm On Aug 31, 2016 |
Look at this. 2 Likes 1 Share
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Re: Nigerian Economy Slips Into Recession - BBC by 4Play(m): 12:44pm On Aug 31, 2016 |
MARKone: I agree about the diversification point but I think people are overemphasising that. Petroleum is a small part of the economy (less than 20% off the top of my head) and its main values are as a source of government revenue and forex. For the latter, capital inflows, remittances and non-oil exports were additional sources of forex. What the decision to fix the naira at 197 to the USD caused was to reduce capital inflows (what good bringing in money at an artificially inflated level when you can't take it out?) and make non-oil exports less viable. Re oil's dominance of government revenue, allowing the currency to fall earlier would have lifted some of the burden. All things being equal, a 50% fall in oil price would amount to a 25% fall in government oil revenue if the naira depreciated by 50%. As government spending obligation is largely naira denominated - paying workers salary for instance - depreciation would have cushioned the effect of the oil price fall. Although, some decisions have been partially reversed - including the fixed exchange regime - there has been a precipitous loss of confidence in the economy which might take time to rebuild. In summary, this government's actions and inactions (coupled with decades of policy ineptitude, including GEJ's government) have made a perfectly manageable situation into a full blown crisis. We need to hold these people accountable as it us who suffer for their inadequacies. 5 Likes |
Re: Nigerian Economy Slips Into Recession - BBC by akiOYIBO: 12:50pm On Aug 31, 2016 |
PaulIdu:I never believed someone with an awful history could contest and win elections. In nigeria elections are won not by capabilities but by threats, blood-shedding and selfish condition of keeping the country one. 3 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by nell2: 12:51pm On Aug 31, 2016 |
aljharem:this I keep on wondering.during election I keep on telling them give me a man close to GEJ'S age and I will vote for that person. imagine 97% of the population being hypnotized. tufiakwa 3 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by sportman117: 1:02pm On Aug 31, 2016 |
smh may God help us...and he's already helping me on [url]naijabet.com[/url] |
Re: Nigerian Economy Slips Into Recession - BBC by Deen77: 1:09pm On Aug 31, 2016 |
weyabcom: Yes ooo , like Jonathan I have no shoes. |
Re: Nigerian Economy Slips Into Recession - BBC by Deen77: 1:12pm On Aug 31, 2016 |
4Play: My problem with PDP is importing petroleum products an essential commodities for 16 year's instead of building a refinery to refine locally and save the forex. If dollar spend on importing fuel can be inject back into our economy, dollar scarcity will disappear. |
Re: Nigerian Economy Slips Into Recession - BBC by Orikinla(m): 1:12pm On Aug 31, 2016 |
735i:
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Re: Nigerian Economy Slips Into Recession - BBC by Krucifax(m): 1:33pm On Aug 31, 2016 |
Solitin40: Zombie alert. Una still remain? In a few months I expect una to die out from hunger induced by your northern masters. Mumu. 3 Likes 2 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 1:40pm On Aug 31, 2016 |
I think it should read " Sub-Saharan Economy Slips Into Recession - BBC". 2 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by akiOYIBO: 1:44pm On Aug 31, 2016 |
At the edge of econnomic and social melt down, you were busy travelling and seekinng supports for your political ambitions. At the time of hunger you were busy making policies that might hurt a certain group of people particularly the sotherners. when starvation is almost a disease to the country you were busy hiring foreigners and wasting millions seeking for oil in ur parlour at the north. You blame your predecessors for non-diversification so what are u diversifying now; genocide and murder?? It is overly wrong for nigerians to have you....a typicl sign that you voted yourself into power throgh what you are best at doing. 2 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Peezie07(m): 1:49pm On Aug 31, 2016 |
It's pretty annoying when all we do is point fingers and blame both past and present administration. What have you done to improve the economy? The earlier y'all stop being dependent on the gov't for your basic needs, the better for y'all. Meanwhile, go through my profile. #EntrepreneursRock |
Re: Nigerian Economy Slips Into Recession - BBC by tiwiex(m): 1:49pm On Aug 31, 2016 |
Solitin40: I guess you missed the part where they said the government made a bad situation worse and didn't show fiscal responsibility. In simple words, Oil prices caused bad but Bubu made it worse through his lack of fiscal sense. And he just never listens. 1 Like 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by chuose: 1:52pm On Aug 31, 2016 |
Re: Nigerian Economy Slips Into Recession - BBC by ajepako(f): 1:59pm On Aug 31, 2016 |
bettercreature: When did you change tunes? GOOD MORNING 1 Like 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Josmila(m): 1:59pm On Aug 31, 2016 |
chinjo: Only a zombie will know it's kind. Flourish! |
Re: Nigerian Economy Slips Into Recession - BBC by LizB2K(m): 2:08pm On Aug 31, 2016 |
Keep keeping calm and cool..... Something caused the recession....something will of course cause the growth if we all endure.And sooner or later,we'd all come to live in a Nigeria of our #dream... #UnitedWeStand!
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Re: Nigerian Economy Slips Into Recession - BBC by ajepako(f): 2:10pm On Aug 31, 2016 |
shakaZuIlu: You don't need to.. High cost of daily living expenses will do it for you, never mind.. 2 Likes 1 Share |
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