madridsta007:


And in the hands of a graduate of accountancy, from one of UK's worst Universities, a Buhari-appointee, your economy is. And you still do not know what is wrong with Buhari and the government?

Naijalabel:
More reactions as Senator Ben Bruce Joins The Conversation

Lalasticlala

Lordsocrates:
I thought Ben Murray Bruce bin get common sense... it is a pity to know....


during GEJ oil was sold At Just 76dollar per barrel and the naira was already nose diving,
Nigeria exports just one thing and imports everyyyy other thing, so when the price of the one thing we xport declines,and we fail to hv a decline in what we import what does anyone with common sense think will happen ?

even Saudi Arabia in all its glory is feeling the bite of the fall in oil price, all oil exporting countries has been brought to its knees, and Nigeria, with the war on BHT, the attack on pipelines by militants et all is supposed to hv been sold of at Amazon by now..

but we are still standing, and we are almost moving towards self sufficiency in rice production...people are leaving their dependence on politics and cheap money, to do things with their hands...

and Ben Murrey bruise dey supose get common sense dong dey follow smol pikin dem play jus to get likes.... shamefull

Laveda:


Sal omonkane, please read.

ayindejimmy:
Ben Bruce his not being sincere

What was the price of crude oil in 2014?

That time, crude was selling over $100/barrel
In a country where all we do is import, crude oil was the only export commodity balancing the shortfall in our foreign exchange earnings.
Check the link below for prices of crude in 2014 to date

http://www.indexmundi.com/commodities/?commodity=crude-oil&months=60

Now, in 2017, crude is at $52

You don't just criticize ppl blindly, you have to take into consideration the circumstances

Now, this is not in any way an attempt to exonerate the current govt of blames,far from it.
This is just to illuminate the prevailing circumstances in both cases

Buhari met a sick economy and his delayed tactics and economic team's laxity couldn't prevent the imminent crisis. In fact, it made things worse

Lordsocrates:
I thought Ben Murray Bruce bin get common sense... it is a pity to know....


during GEJ oil was sold At Just 76dollar per barrel and the naira was already nose diving,
Nigeria exports just one thing and imports everyyyy other thing, so when the price of the one thing we xport declines,and we fail to hv a decline in what we import what does anyone with common sense think will happen ?

even Saudi Arabia in all its glory is feeling the bite of the fall in oil price, all oil exporting countries has been brought to its knees, and Nigeria, with the war on BHT, the attack on pipelines by militants et all is supposed to hv been sold of at Amazon by now..

but we are still standing, and we are almost moving towards self sufficiency in rice production...people are leaving their dependence on politics and cheap money, to do things with their hands...

and Ben Murrey bruise dey supose get common sense dong dey follow smol pikin dem play jus to get likes.... shamefull

divide9ja:
YAR'ADUA PART 2 LOADING

erico2k2:

Oga stop supporting these criminals . Ok oil depreciated by %50 why did the go now depreciation by %50? Abegi make we just enjoy our change lagos people Una don see am now una vote PMB

balanceofterror1:


psalmsjob and APCmyheart come and see correct finishing. I know that the two of you have Buhari's excreta running in your brains. Jobless Zombies. Buhari is a certified dullard.

balanceofterror1:


psalmsjob and APCmyheart come and see correct finishing. I know that the two of you have Buhari's excreta running in your brains. Jobless Zombies. Buhari is a certified dullard.

post=53163389:


When crude oil was around $100-$140 what did GEJ achieve? What development did see when things was booming..

The first policy was stopping the selling of Forex and and urging to who ever need them to sort for it themselves cos we do not have access to much dollars anymore.


Now let me ask you this, When Crude oil price was let's $100 per barrel and we are producing 2.2 million barrel meaning we are making $100 x 2.200.000 barrel of oil which is $220.000.000 per day meaning we have access to excess dollars and then Dollars was changed for around 200 naira..


fast forward to 2015 when Buhari take over crude oil was $28 then, that is $28 x 2.200.000 that is $61,600.00

Now $220.000.000-$61.600.000 = $158.400.000 Meaning between when GEJ and when OMB take over we have lost $158 million to crumble of crude oil..

During this Period Civil Servant that their salaries was increase when crude oil price was rise cannot or i should say they are not ready for for pay cut..

Now tell me if they paying salaries of 18k minimum wages when crude oil price was between $100-$140 and could not safe, How will they survive when Crude oil price when $28 to $30?



Now tell me if you are the President how will you manage your Forex without your country crumbling?


Mind you it get worse 2015 when NDA started bombing..

Most of you think Govt is just as easy as you think but most of you cannot even control your house when your income slightly reduce but will be here forming i know it all..

Sibrah:
Most people posting trash don't know how the system works. If crude sell $80 today and govt racks up enough excess dollar to satisfy all our import needs, dollar can be sold for N100/$ if the govt so wishes.

Fabulosdave01:
I hate Bihari but let's try to be objective How much was oil sold? What was our reserve? We seem to think the government purposely inflicts hardship on us but I know regardless of party , government wants the best for its people. Things are bad and no government likes his people suffering.

opelyem:


During Obasanjo era and even Yar'adua, how much was oil? How much was our foreign reserve? Was d hardship ds much like we have today?

madridsta007:


And in the hands of a graduate of accountancy, from one of UK's worst Universities, a Buhari-appointee, your economy is. And you still do not know what is wrong with Buhari and the government?

ISTANDWITHBUHAR:



LOL what is this one saying, That same person turn the Ogun around when she was the finance commissioner..


Now tell me should we start printing dollar? is dollar of official currency? What are we exporting aside from crude oil to have given Nigeria access to Forex?

madridsta007:


She grew Ogun's state debts by over 300%.

She is not an economist and you do not, for whatever reason, give the helm of affairs of the economy of a nation to an accountant.

deomelo:



Stop lying. Show us facts of lay off your lies..

madridsta007:


She grew Ogun's state debts by over 300%.

She is not an economist and you do not, for whatever reason, give the helm of affairs of the economy of a nation to an accountant.

madridsta007:

Facts?

You are in recession which the 16+6 = 24 Finance Minister has led you into and you are asking for facts?

LOL.

It is because of people like you that Buhari should stay till 2023. The cluelessness and incompetence from him and his team hasn't bitten enough.

deomelo:



I didn't ask you for irrelevant story, you said she grew Ogun state's debt by %300 so show us how with facts. Stop lying, stop spewing rubbish that you can not prove with facts.


Cluelessness and incompetence is okonjo paying thousands of ghost workers,, the same ghost workers Mrs Adeosun flushed out in less than 1 year.


Cluelessness and incompetence is okonjo borrowing hundreds of billion to pay workers salaries

Cluelessness and incompetence is okonjo looking the other way while looters loot out treasury dry

Cluelessness and incompetence is okonjo not able to manage or save for rainy days when oil was selling for $100 under her watch.

Please go and sit down somewhere.

Pecca:

...and he promised to STABILIZE WORLD OIL PRICE; MAKE ONE DOLLAR EQUAL TO ONE NAIRA; SELL PETROL AT 40 NAIRA PER LITER...didn't he. he mustta been something from the Mars when all those were spewing from his trap!!!

Brace for tougher times ahead, Okonjo-Iweala tells Nigerians
November 14, 2014 Premium Times

Nigerians should brace for tougher economic times ahead, the Minister of Finance, Ngozi Okonjo-Iweala, has said as crude oil prices slipped to a four year low on Wednesday.


New York Mercantile Exchange (NYMEX) December WTI oil futures sold at $75.20 per barrel on Wednesday, down $1.98, from $74.96 per barrel the previous day, the lowest level for a most-active contract since September 2010.


http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html

Fabulosdave01:
I hate Bihari but let's try to be objective How much was oil sold? What was our reserve? We seem to think the government purposely inflicts hardship on us but I know regardless of party , government wants the best for its people. Things are bad and no government likes his people suffering.

PatriotTemidayo:
They thot power is bread and butter. They waged a propaganda war. They shouted to high heavens and fooled the people, but in the long run, they fooled themselves.

Now they don't even know what to do about governance, they are as confused as snake fish.

They complained about oil price, but oil price has improved. They complained about revenue, but they generate twice what past govt generated in tax and duties. They said it was Boko haram, now Boko haram is supposedly defeated. They said it was corruption, Abeg where Is the corruption now.

Every aspect of governance is suffering, at least past governments got one or two aspect right. What has this govt got right?

GEJ moved our economy into the elite class, they destroyed it. He moved our agriculture to enviable height in Africa, they destroyed it. All the vehicle assembly plants that were hussling to outsmart themselves in who to settle in Nigeria first have quietly disappeared from the country. Average Nigeria cannot afford common food stuff. They said Avenger was the reason light was not available, when last did avenger bombed anything, yet they supply us MEGAWATTS OF DARKNESS. what can you give as a credit to this govt............am still searching.

Naijalabel:
Nigerians gat no chill at all, Today they dug out an old tweet from a die hard APC - Buhari supporter. Mohammed Deedee @dee009 Who was accusing Goodluck Jonathan for mismanaging nigeria at Exchange rate 1$ - 180 and 1€ - 280.

Today The naira exchange rate is almost 500 to a dollar.


Our common sense senator was not left out

As senator Ben Bruce Shared the tweet with the question... "By the way, how much is a dollar today?"

See funny comments below.

www.nairaland.com/attachments/4791023_img20170126211001065_jpeg09398457362638fe4539821418b7b1e2
http://www.naijalabel.com/2017/01/1-180-tweet-nigerians-come-for-die-hard.html?m=1

PatriotTemidayo:
They thot power is bread and butter. They waged a propaganda war. They shouted to high heavens and fooled the people, but in the long run, they fooled themselves.

Now they don't even know what to do about governance, they are as confused as snake fish.

They complained about oil price, but oil price has improved. They complained about revenue, but they generate twice what past govt generated in tax and duties. They said it was Boko haram, now Boko haram is supposedly defeated. They said it was corruption, Abeg where Is the corruption now.

Every aspect of governance is suffering, at least past governments got one or two aspect right. What has this govt got right?

GEJ moved our economy into the elite class, they destroyed it. He moved our agriculture to enviable height in Africa, they destroyed it. All the vehicle assembly plants that were hussling to outsmart themselves in who to settle in Nigeria first have quietly disappeared from the country. Average Nigeria cannot afford common food stuff. They said Avenger was the reason light was not available, when last did avenger bombed anything, yet they supply us MEGAWATTS OF DARKNESS. what can you give as a credit to this govt............am still searching.