If Nigeria didn't experience recession in 16 years of pdp misrule but is experiencing recession and more job loses under apc 1 year in power,it is a signal that pdp is more manageable than apc.Despite the fall in the price of crude oil,president buhari has diversify into other areas of generating revenue for the country but there is still no improvement.

Fuel price increase;Despite the increments of the prices of petroleum products like fuel,from #97 to #145 per litre ,diesel kerosene,gas and the removal of subsidy from fuel,what is the excuse they are giving?

Treasury single account;I am not an economist.However,experts in this field have made Nigerians understand that the treasury single account will boost Nigeria revenue.Trillions of naira have been generated from tsa.There should not have being a recession since this measure exist.

Loot recovery;The president made us understand that recovered loot will be channel into the economy.He even said some loot have been recovered from opposition political parties.
Q;Why have the recovered loot not channel into the economy yet?
My take.
This present government is incompetent.

As far as kemi is our finance minister, we can never have an economic boom

PDP 16yrs of misrule then was like cooking Red beans waiting for it to get served And now the Beans don done under APC and it's going to be well served.



I hope u understand this very common proverb.


U can destroy a Mansion in a very short time but you can't build a Mansion in a very long time

Did oil price not grow from $16pb in 1999 up to $100pb in 2014?

How can there be a recession when generated income was increasing?

But with oil price slumping from $100pb in mid 2014 to $50 in early 2015, was the PDP government not borrowing to pay salaries?

What you have now is a continuation of that downward slope. A slope that is lubricated by the absence of funds that should have been saved from unprecedented high crude oil prices from 2010 to 2014.

Tell us what happened to the funds already saved, even if the last government was too irresponsible to build on it?

They will for ur head wit high oil price

By ur aguemment it means we were in recession as at 1999 when it was $16/b? and now we should all die if it falls further we no enter recession at 16 na at 40 we come enter recession

StOla:
Did oil price not grow from $16pb in 1999 up to $100pb in 2014?

How can there be a recession when generated income was increasing?

But with oil price slumping from $100pb in mid 2014 to $50 in early 2015, was the PDP government not borrowing to pay salaries?

What you have now is a continuation of that downward slope. A slope that is lubricated by the absence of funds that should have been saved from unprecedented high crude oil prices from 2010 to 2014.

Tell us what happened to the funds already saved, even if the last government was too irresponsible to build on it?

Bubuhari apc n zombies are a huge failure disaster n disgrace yeye govt

Emycord:
By ur aguemment it means we were in recession as at 1999 when it was $16/b? and now we should all die if it falls further we no enter recession at 16 na at 40 we come enter recession

By my argument our economy was at a level where $16pb could sustain us in 1999

If we found ourselves at a level of $100 for 4 years and less than 2years later we drop to $27pb before rising back to the $40pb era last experienced before 2006, do you expect things to be rosy?

A family man took care of his family with his N50k monthly salary. Later he got a better pay of N100k. Then much later he started earning as high as N 500k monthly. Suddenly his pay slumped to N50k he last earned over 10years ago.

Do you expect his family to live on N50k now because he once earned N50k before?

Now consider he had no substantial savings all through the very high pay of N500k, instead he even dipped his hands into the little he saved when he was earning N50k and N100k.

So if we could build our reserves with an oil price range of $16pb to 60pb from 1999 to 2008, is it not irresponsible that a government will earn $100pb on oil from 2010 to mid 2014, yet could not increase the reserves but saw fit to be looting what had been saved by a more responsible government when things weren't even rosy?

So irresponsible that they were already borrowing to pay salaries because of an 8month old gradual slump from that $100pb to $50pb.

What would Jonathan have done if he was still in power when crude price eventually fell to $27pb? I bet by now our reserves will be $0, and we would have once again become Paris club most loyal customer.

StOla:


By my argument our economy was at a level where $16pb could sustain us in 1999

If we found ourselves at a level of $100 for 4 years and less than 2years later we drop to $27pb before rising back to the $40pb era last experienced before 2006, do you expect things to be rosy?

A family man took care of his family with his N50k monthly salary. Later he got a better pay of N100k. Then much later he started earning as high as N 500k monthly. Suddenly his pay slumped to N50k he last earned over 10years ago.

Do you expect his family to live on N50k now because he once earned N50k before?

Now consider he had no substantial savings all through the very high pay of N500k, instead he even dipped his hands into the little he saved when he was earning N50k and N100k.

So if we could build our reserves with an oil price range of $16pb to 60pb from 1999 to 2008, is it not irresponsible that a government will earn $100pb on oil from 2010 to mid 2014, yet could not increase the reserves but saw fit to be looting what had been saved by a more responsible government when things weren't even rosy?

So irresponsible that they were already borrowing to pay salaries because of an 8month old gradual slump from that $100pb to $50pb.

What would Jonathan have done if he was still in power when crude price eventually fell to $27pb? I bet by now our reserves will be $0, and we would have once again become Paris club most loyal customer.

They keep trying to spin irrelevant facts and lies. Please lecture them. PDP rule when oil sold $16pb didn't include the jumbo pay our leaders are getting now, bloated civil workforce, increase in staff pay, amd many more responsibilities.

The continual blaming of PDP and misrule and lack of saving by previous adminsitration is beginning to give me headache!
Please stop it. The hypnotises is no longer working but very vexing

Incrizz:
The continual blaming of PDP and misrule and lack of saving by previous adminsitration, is giving me headache!
Please stop it. The hypnotises is no longer working but very vexing

Maybe Buhari should force the intl market to start paying $100+pb for oil again. The man is recovering the loots. Get it?

Got ya but its still no excuse cos it looks like we deliberately decide to run a mono economy as punishment to ss/se now diversify yet apc can't

StOla:


By my argument our economy was at a level where $16pb could sustain us in 1999

If we found ourselves at a level of $100 for 4 years and less than 2years later we drop to $27pb before rising back to the $40pb era last experienced before 2006, do you expect things to be rosy?

A family man took care of his family with his N50k monthly salary. Later he got a better pay of N100k. Then much later he started earning as high as N 500k monthly. Suddenly his pay slumped to N50k he last earned over 10years ago.

Do you expect his family to live on N50k now because he once earned N50k before?

Now consider he had no substantial savings all through the very high pay of N500k, instead he even dipped his hands into the little he saved when he was earning N50k and N100k.

So if we could build our reserves with an oil price range of $16pb to 60pb from 1999 to 2008, is it not irresponsible that a government will earn $100pb on oil from 2010 to mid 2014, yet could not increase the reserves but saw fit to be looting what had been saved by a more responsible government when things weren't even rosy?

So irresponsible that they were already borrowing to pay salaries because of an 8month old gradual slump from that $100pb to $50pb.

What would Jonathan have done if he was still in power when crude price eventually fell to $27pb? I bet by now our reserves will be $0, and we would have once again become Paris club most loyal customer.

sheyguy:
Maybe Buhari should force the intl market to start paying $100+pb for oil again. The man is recovering the loots. Get it?

Recovering what loot please?
Since the new Admin came on, from almost day1, billions and millions of loot have been recovered. Where has it been used to cushion the effect of the fall of crude oil price on the economy
He and all his entourage need to stop singing this lame lyric.
It's annoying.
That's what setting Buhari against some Nigerians...this...this shifting of blame

where is pressingshot/passingshot/dropshot/progressive01/omenka/ojukwufrank/hungerBad, etc the spokes person of the APC nairaland chapter, for their usual long explaination!

Oil is about 50 dollars per barrel...say the income reduced to half of what we were getting before, with cost cutting measures and blocking of leakage (which this admin is priding itself) coupled with recovered lot, we shouldn't go into the negative.

What happened is inexperienced APC rule leading to voodoo economics, trial and error policies and undiplomatic stances, which is a bane at this trying time, that's why we are having these issues.

All I know is that BUHARI is a dullard,

while the whole of APC party and apologists are punk.

Buhari is a crooked thief.... No more..no less

I tink dis confirms APC r naturally good @ opposition only n not for governance. Cnt say wat PDP is gud for.

Buhari caused dis whole thing cos

1. He z currently in charge.

2. He said he had d solutions to the problems but alas! He has no clue

3. Thr was recession globally, but Jonathan wrked on d Agric sector wch made food available n Nigerians ddnt feel it much.

4. Buhari spent 6months as sole administrator b4 appointing ministers wch wld hv provided policy direction for investors to know whr they'd put their money.

3. Buhari was busy roaming d world attending unnecessary summits @ d expense of issues needing attention @ home.

4. After implementing d TSA in one fell swoop, he ddnt realise he has to pump d money back into d economy. He jst kept in d CENTRAL Bank lying idle.

5. Nigeria's budget was delayed as such d economy became stagnant.

And u tel me I shldnt blame Buhari or call him fantastically clueless?

By their wailing,
We shall know them

U mean those complaining of hunger as caused by dis govt? U hv indirectly included members of ur family who are complaining as wailers too.

gists:
By their wailing,
We shall know them

StOla:
Did oil price not grow from $16pb in 1999 up to $100pb in 2014?

How can there be a recession when generated income was increasing?

But with oil price slumping from $100pb in mid 2014 to $50 in early 2015, was the PDP government not borrowing to pay salaries?

What you have now is a continuation of that downward slope. A slope that is lubricated by the absence of funds that should have been saved from unprecedented high crude oil prices from 2010 to 2014.

Tell us what happened to the funds already saved, even if the last government was too irresponsible to build on it?

When oil prices crumbled under Yar'dua's government and subsidy was still paid, the government of Yar'dua reduced petroleum products prices then, yet there was no recession.

Instead of recession, Nigeria had abundance.


The truth is that Buhari is mismanaging this country though we knew before hand that he is bereft of Ideas to be a President rather he would've better served as an EFCC or ICPC Chairman

Know when to remain quiet and when to play sycophancy. A word is enough for the wise.

U de mind dem? They r only doing their job even wen they r bn paid peanuts. They hv to earn their pay so dnt be surprised by all dis their twisted comments

MadamExcellency:


When oil crumbled under Yar'dua's government and subsidy was still paid, the government of Yar'dua reduced petroleum products prices then, yet there was no recession.

Instead of recession, Nigeria had abundance.

A word is enough for the wise.

StOla:
Did oil price not grow from $16pb in 1999 up to $100pb in 2014?

How can there be a recession when generated income was increasing?

But with oil price slumping from $100pb in mid 2014 to $50 in early 2015, was the PDP government not borrowing to pay salaries?

What you have now is a continuation of that downward slope. A slope that is lubricated by the absence of funds that should have been saved from unprecedented high crude oil prices from 2010 to 2014.

Tell us what happened to the funds already saved, even if the last government was too irresponsible to build on it?

you're trying to reason with fools and imbeciles

mikolo80:
you're trying to reason with fools and imbeciles

Pay per post agent.... wats d latest of the budget padding saga?? are we not going to send efcc after them?,