ikarm17:
And oh yea, winning.

I want to see how many likes GEJ zombies will give me for this post.

Have y'all forgotten that almost all oil producing countries are undergoing the same thing Nigeria is going through?

Or for the fact that ND militants and their slavish supporters keeps bombing oil pipelines.

ikarm17:
And oh yea, winning.

I want to see how many likes GEJ zombies will give me for this post.

Have y'all forgotten that almost all oil producing countries are undergoing the same thing Nigeria is going through?

Or for the fact that ND militants and their slavish supporters keeps bombing oil pipelines.

Feranchek:
Hopefully, well sing a different song in a year to come.... (HOPEFULLY ni mo so o0oo!!)

Blizzy9ja:
Behold thy change zombies

Abeymills:
The problem we have 2day is not apc but bubuhari himself his so myopic clueles dullard wicked miser selfish unguided talks anyhow inshot dat man brain dey leak oil

Jengem:
Using 6 months to produce ministers like baba sango at ICT

ikarm17:


Or the ibo's evil hateful spirit that supports anything that will bring down Nigeria's economy and governance.

ba7man:
From $120/100 per barrel at 2. 2 million bpd production rate.......... down to $28/36 per barrel at 1. 4 million bpd production rate....... in a country that crude oil makes up 90% of its income.

....... And some people think things should remain the same??

Jokers, they have no idea what the nation is going through.

ificatchmodeh:
Op.
I concur..funny how he took those decisions without any economic plan..or alternative where necessary..
When it backfired..they remembered previous administration.
And turn around to blame..


More like..

seven effectual strategy to clueless governance

ba7man:
From $120/100 per barrel at 2. 2 million bpd production rate.......... down to $28/36 per barrel at 1. 4 million bpd production rate....... in a country that crude oil makes up 90% of its income.

....... And some people think things should remain the same??

Jokers, they have no idea what the nation is going through.

Justcash:
1) Sudden Implementation of Treasury Single Account (TSA)- This policy threw the banking and financial sector into turmoil as huge sums were swept out of banks and dormantly stashed into a preferred safe.

2) Tightening of Foreign Exchange Transactions- This policy made it difficult to make foreign exchange, and threw thriving businesses into turmoil which led to massive sacking of workers and manufacturing slowdown.

3) Unguarded Utterances During Foreign Trips- The president made several unguarded utterances that gave the impression that Nigeria was headed for the rocks. This made foreign investors hesitant about coming into Nigeria, and encouraged those that were already in Nigeria to speculate and pull out funds.

4) Halting of Important Projects in the Niger Delta- Buhari moved to remove majority of the projects that were created to provide tangible benefits to Niger-Deltans. For example, the Maritime University and Pipeline protection projects. Though, some of these projects were condemned by Nigerians, they kept the Niger-Delta at peace and allowed for the maximization of the benefits from petroleum exports.

5) Buhari's Northern Developmental Focus in Nigeria- The developmental aim of the president is very much skewed towards Northern Nigeria than every other part. So, he is more like kick starting a new economic focus, while dumping existing economic strengths. For example, he is devoting billions of dollars to search for petroleum in the North when Nigeria does not have functional refineries to ensure adequate availability of petroleum products that are already being produced in the South.

6) Elimination of All the Policies Made by PDP- it is on record that even though PDP led governments were corrupt, they made some major strides in diversifying Nigeria's economy. For example, Agricultural export came to life under PDP. Buhari has focused on bedeviling and antagonizing every single policy made by the PDP. In the process, he has thrown out good policies and progress that were made in the past. He is almost starting afresh, and this has rebooted Nigeria and thrown us years backwards.

7) Preference for Violence over Dialogue- Buhari prefers to use military force to quell civil strife. This approach ignites more protests and civil disobedience. An economy cannot experience progress in violent conditions. Even Lagos and Ogun axis has experienced an open show of military bombardment, which scares a heck out of investors. The same is true about the production shut ins in the Niger Delta region. Some of these issues can be solved with dialogue and with police actions than full scale military assaults.

ba7man:
From $120/100 per barrel at 2. 2 million bpd production rate.......... down to $28/36 per barrel at 1. 4 million bpd production rate....... in a country that crude oil makes up 90% of its income.

....... And some people think things should remain the same??

Jokers, they have no idea what the nation is going through.

luvinhubby:


Stale line.

ba7man:
Facts..... not lines.

And I expect you to give your alternate result of a nation having its income slashed by 60%.

luvinhubby:


Have you also considered that volume of cargo import into Nigeria dropped by 50% in our ports, so is buying up the dollars that drove demand price up by 100%?

ba7man:
Scarcity drives up prices.

Import is low because there is little amount of dollars to fund our import based lifestyle where we import everything.

Prior to the mopping up of the dollar from the system, CBN had approximately $600 million left in its coffers......... at the rate we were going, there won't be any left by now.

Smart people are already adapting.

I used to buy Spanish, chinese, Dubai tiles in the past, I go to the markets now and find out there's a sudden influx of made in Nigeria tiles.

If they had sat around blaming Buhari, they won't be where they are now.

ba7man:
Scarcity drives up prices.

Import is low because there is little amount of dollars to fund our import based lifestyle where we import everything.

Prior to the mopping up of the dollar from the system, CBN had approximately $600 million left in its coffers......... at the rate we were going, there won't be any left by now.

Smart people are already adapting.

I used to buy Spanish, chinese, Dubai tiles in the past, I go to the markets now and find out there's a sudden influx of made in Nigeria tiles.

If they had sat around blaming Buhari, they won't be where they are now. I

Justcash:


Scarcity drives up prices. High unemployment rate combined with high prices increases hunger and poverty. The solution is to use government expenditure to stimulate investment in the private sector with an expectation that it will facilitate domestic consumption and make the market more attractive for more influx of private investments. This will naturally create capitalist competition and naturally drive down prices.

You don't stall importation and increase prices in the face of high unemployment rate and low investment rate. You'll simply drive your country or business into an abyss. Contrary to what people are thinking, Buhari is hoping on God to answer the prayers of the pilgrims that he subsidized Forex for.

By the way, if this government continues the way it is going, you will go to the market one day and you will not find tiles to buy either because they will be too expensive or you just won't have the money to buy them.