Please fellow Nigerians, I got this article from a friend who said he got it online, …Said it was written by Oby Ezekwsili…

From Oby Ezekwesili

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 $50b 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.

What Do You Think, True

Da Fuq?

FeeeDeeeFeee... power to the people! Knowledge is power, the party is now without knowledge.

All have sinned...but the idiot that wrote that nonsense up there is a regular PDP member.. brainless! An economist of Oby's status can put her name to that sh!t even if you blackmail her.

Guy, take it down except you are a f00l... vanguard has apologised.

not every mad person roams around the street unclad.

we still have some EDUCATED MAD PEOPLE..

and pls Nigeria is way bigger than this woman. she is always seeking unnecessary attention while she was the architect of her downfall.

Scream:
FeeeDeeeFeee... power to the people! Knowledge is power, the party is now without knowledge.

All have sinned...but the idiot that wrote that nonsense up there is a regular PDP member.. brainless! An economist of Oby's status can put her name to that sh!t even if you blackmail her.

Guy, take it down except you are a f00l... vanguard has apologised.

It pain you.
Cognitive dissonance can be very painful.

Emmaoga:
not every mad person roams around the street unclad.

we still have some EDUCATED MAD PEOPLE..

and pls Nigeria is way bigger than this woman. she is always seeking unnecessary attention while she was the architect of her downfall.

Did you learn anything from the article, irrespective of who wrote it?

Are you capable of comprehension without attacking the author ?

Scream:
FeeeDeeeFeee... power to the people! Knowledge is power, the party is now without knowledge.

All have sinned...but the idiot that wrote that nonsense up there is a regular PDP member.. brainless! An economist of Oby's status can put her name to that sh!t even if you blackmail her.

Guy, take it down except you are a f00l... vanguard has apologised.

but before its taken down, my question is… Is this true of false
Thanks !

.

Though EzekweSILLY was a useful, but now useless idiot traitor, she got everything right in this her recent write up above. The Daura President has no brain and his zombie followers are the most stupid bunch on earth.

She might not be totally wrong.

She is just trying to be honest as simply put by our own president with respect to David Cameron's negative remarks about Nigeria.

The aftermath is what we are passing thru now!

[size=20pt]INVESTORS' CONFIDENCE ERROSION[/size]

http://www.premiumtimesng.com/news/headlines/203344-british-pm-cameron-right-saying-nigeria-fantastically-corrupt-buhari.html

source

Seems she has grown some senses to realize all these

If Buhari is this clueless then he should appoint competent minds.

CeoMYN:
If Buhari is this clueless then he should appoint competent minds.

But I don't think he will do just that due to selfish and religious sentimentalism !!!
… That's my own grammer !

Hunger has reduced the mentality of the average Nigerian to reason

Emmaoga:
not every mad person roams around the street unclad.

we still have some EDUCATED MAD PEOPLE..

and pls Nigeria is way bigger than this woman. she is always seeking unnecessary attention while she was the architect of her downfall.

Your writeup shows how mad you are. Is only a mad man that will say what you have written. Can you summarise what she said in 5 sentense to show you have the capabilities to comprehend?

goodnewz4u:
But I don't think he will do just that due to selfish and religious sentimentalism !!!
… That's my own grammer !

Then he should resign

She raised some good points....Some idiots here need to stop attacking the messenger and really read d message

UNDILUTED TRUTH.
ONLY A SENSELESS PERSON WILL HAVE DIFFERENT OPINION ABOUT THESE.

Vanguard has apologised publicly that it wasn't Oby Ezekwesili that penned that. Why are you still commenting on a fraudulent article, possibly written by a PDP agent?

Boleyndynasty2:
She raised some good points....Some idiots here need to stop attacking the messenger and really read d message

The message is clear !

Ioannes:
Vanguard has apologised publicly that it wasn't Oby Ezekwesili that penned that. Why are you still commenting on a fraudulent article, possibly written by a PDP agent?

So you're telling us here that Vanguard publishes unfounded news on their daily news paper… which getting news from a fake source ??
… don't you think that it was a treat that made them come back publicly to renounce an already published news (article) ?

*And if am to ask you… what actually do you think that made Nigerian Economy to come crumbling down after APC took over (Under 1 year ) ?

xelly:



Your writeup shows how mad you are. Is only a mad man that will say what you have written. Can you summarise what she said in 5 sentense to show you have the capabilities to comprehend?

Please take it easy with him !

Hello every one, how are you?

8. Don't post false information on Nairaland