Kay17:


Besides it was illegal in the first place for government ministries and agencies to lodge deposits in a bank. So you can't justify a criminal act by the excuse of necessity

DaniDani:
One thing I abhor so much about apc is how they worship Buhari even when it's glaring that the despotic dullard is misfiring. I expected them to caution and be on his toes as it was obtainable during gej days. the old wicked man since he can't take advice. When apc celebrated their one year in office, they presented this same tsc (treasury single account ) as one of the achievement in the year. The even blasted Jonathan for failing to implement it not knowing what the wise man saw which apc can't see even if they climb Etisalat marks or tower of Babel

adekanbai:

on point. Especially on the aspect of pipeline protection. Your property is believed to be safe when left into the custody of a thief.

Rapmoney:
How do one eat "is" cake? Learn how to spell correctly before you engage yourself in issues you know absolutely NOTHING about!!!

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.

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.

XXCASH:


Please go and borrow a good brain. There are several things that can be done. Nigeria is blessed with untapped resources

Stop this rubbish talk. This disappointment should be a blessing if the current admin stop whining and get to work

DammyGbade:
Points number 3 to 7 are thrashes based on personal thoughts and sentiments. The person that wrote this will either be from south east or south south.

berrystunn:


With 28/36 per barrel, buhari policy did not help matters

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..



Making it a war zone.
Can you explain that..

trapQ:
This is accurate. The lie that the previous administration caused this will only be believed by daft people.

TheGoodJoe:


That University Project was a means to siphon billions of naira and they succeeded. The amount of money spent there was enough to produce a top quality University.

Unfortunately, people blinded by bigotry will prefer thieves to run away with Billions than getting a top quality University in the region.

The FG cancelled the government to recover stolen funds and develop a befitting Maritime University.

ba7man:
Facts..... not lines.

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

TheGoodJoe:


How can you maximise? There is little to no income when you calculate the last administration borrowing when Production and sales were high.

They were depleting our reserves when sales were high.

The question is why were we borrowing and depleting our reserves?

That is a sign of recession. Now think of it when sales were high. The high sales masked the recession we were in.

The Policies you criticise like TSA, banning products and the rest was to slow down the depletion of our reserves if not we would have been in hell by now.

TheGoodJoe:


That University Project was a means to siphon billions of naira and they succeeded. The amount of money spent there was enough to produce a top quality University.

Unfortunately, people blinded by bigotry will prefer thieves to run away with Billions than getting a top quality University in the region.

The FG cancelled the government to recover stolen funds and develop a befitting Maritime University.

Yyeske:
Allow those wailers to wail, even Soludo complained about the state of the economy early last year but the wailers called him all sorts of names because he was exposing NOI and their hero GEJ for mismanagement. They encourage Niger Delta Avengers to bomb oil and gas installations but will be the first to blame the government of poor electricity supply, I'm still surprised none of them wailers had blamed PMB for the fall in oil price.

nwanna89:
Number 3 is the foundation of all our problems now. If a president makes unguarded statements about the state of the country's economy, it puts current and potential investors in fear and uncertainty. This single act led to so many issues, primarily the hoarding of dollars and ultimately the huge devaluation of the naira.

Buhari and his cabinet thought they were smearing GEJs name by making those statements, but were actually screwing up the economy in the process. No president comes out to say his country is broke and citizens should brace up for hard times. Yes, the economy was not perfect under GEJ, but they knew to be careful about their utterances in order to give confidence to investors and citizens about the state of things.

Now investors are refusing to come to nigeria due the uncertainty. Curremt investors are packing out. Those in possession of dollars are refusing to sell it. I remember in the past, one could go to mallam to buy dollars. Now u cannot buy, because they too are hoarding.

Notice now, they have realized their mistake and stopped talking about how bad the economy is. They are now trying to paint a better picture of the economy to give some confidence and faith to investors. But it is too late!

FGs unguarded comments about the state of the economy is the only reason nigeria is in the shithole it is now

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!!)

odigiri1983:
Many Nigerians have little knowledge on why the economy dipped. The inability of the previous governments to diversify the economy ,to save in time of plenty ,gross looting of public funds were some of the key reasons why we are here and it will continue if we fail to correct these.

berrystunn:


With 28/36 per barrel, buhari policy did not help matters

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..



Making it a war zone.
Can you explain that..

odigiri1983:
Many Nigerians have little knowledge on why the economy dipped. The inability of the previous governments to diversify the economy ,to save in time of plenty ,gross looting of public funds were some of the key reasons why we are here and it will continue if we fail to correct these.

odigiri1983:
Many Nigerians have little knowledge on why the economy dipped. The inability of the previous governments to diversify the economy ,to save in time of plenty ,gross looting of public funds were some of the key reasons why we are here and it will continue if we fail to correct these.