justice2016:
Stop deceiving your selves .Only ignorant people ll be deceived . APC govt is clueless and not prepared to rule with bunch of unqualified ministers. Stop blaming . Never in history of this countries has any incoming govt received a buoyant economy . People voted you in to make our lives better but you have made it worse . Actually during the past govt things were good with out us knowing . Gej said that if l leave office you will know how good I am but many of us did not quite believe him . I think he was right .

and he was left because he was right...lol

Hiploko:
does he even have any economic policy? Teach indeed..

.... Teacher. ..... u should know that's what I meant

Yes bro he dose, and has been preaching that all along

OKDnigeria:

Even if the last administration left a declining economy, what is this govt supposed to do? To continue to allow it to decline? Are they not supposed to fix whatever is wrong with the economy as they promised? But the reality is that the declining, as u called it, is far worse now than in the last administration. What a govt of 'CHANGE' shld do is to solve the problem and not to keep complaining. A bad workman, they say, blames his tools. Nigerians are not as interested in what the last govt did as they are in what this present govt is doing to improve their lives...

why can't they let it decline at the rate it was during pdp's reign? Shouldn't rate/speed of fall be constant... Basic physics lol

So u knw they left a clear warning yet the clueless dullard in chief ddnt deem it fit to come up wit a recovery economic policy. Wat a useless govt

sheyguy:
Stop combining irrelevant fact with lies. Those govts had lots of reserve fund to fall back to. Our present situation is such that the reccurent expenditure has been bloated more than 60% from the time of Yar' adua. Stop making this APC vs PDP. It will help your thinking alot.
The last admin left a declining economy and did with a clear warning.

I hear they ll soon stop ur pay. The recession may not allow dem continue payin u. So jst be on alert as thr z no job anywhr 4 u ; not even as a wailer

DropShot:
Nigerians know this fact, hence 68℅ who took part in the survey by Premium Times squarely put the current economic woes on PDP govt.

Let the 32 percenters keep masturbating on Nairaland and thinking they're making any sense. Na their wahala.

The blame game should Start From 1914, APC should blame the british from 1914 till 2015. Even blame the Queen and United nations

basilo101:
I still find it funny that most people don't know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining everything. It's also myopic to think that if Jonathan were to still be in power, we would be worse off.

The truth about Nigeria's recession is this; it was caused by the president's unguided rhetoric and uncultured body language.

Firstly, there is nothing we are buying today that we weren't buying 5 years ago, therefore it's not our purchase that put pressure on Naira but withdrawal of funds by foreign investors.

After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail. The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate.

Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush.

To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free FALL.

In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall.

To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such tiny time frame. Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market.

The fear of the unknown created by PMB is responsible for the economic downturn not low oil price. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan Chase will not mind borrowing $50 billion from Feds at 0.5 and put in Nigeria for return of %2000 profit. Citi bank will do the same, likewise US Bank Corp. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and misseducated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge. Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians.

For your information, if your president "kontunu" with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking.


Source: Facebook post

Bros honestly if i had the powers i would nominate you as a replacement to all those bumbling buffoons advicing a very dumb and dull president and his very dumb followers....