A more gory picture of the Nigerian economy was Thursday painted by Charles Soludo, Nigeria’s former Central Bank governor.
Speaking at the ‘Big Ideas Podium’ an event organised by the Afri Heritage Institution in Enugu, he said, “The economy is not just in recession; we are suffering from massive economic compression. Saying it is recession trivialises the issue.” His lecture was titled, ‘Prognosis of the Nigerian Economy 2017.’
Soludo’s assertions were, however, immediately rejected by the Federal Government which, while acknowledging that the economy had been in bad shape, argued that, “Nigerians have demonstrated that they know that the Buhari administration inherited a sorry state of the economy but is working diligently to fix it with positive results now emerging.
“What even the former CBN Governor, Soludo, cannot deny is the fact that the Buhari administration has ended the bleeding of the nation and is implementing reforms.”

Full details: https://www.ripplesnigeria.com/nigerian-economy-compression-not-recession-soludo/

this confused corrupt man that looted CBN for a very longtime should shutup and hide his head in shame already

There's nothing somebody will not hear on this recession matter.

1. Nigeria is suffering from economic compression

2. Nigeria is in technical recession

3. Recession is just a word
.
.
.
Please add yours....

no body or English word can better describe sufferness.

lalasticlala, seun, ishilove... come and assist us oh. Which one be economic compression again?

sonofthunder:
lalasticlala, seun, ISHILOVE.. come and assist us oh.
Which one be economic compression again?

Is ishilove a mod? Or you just wan make she notice you so that you fit begin start to dey beg am for straff?

Funlordmaniac:





Is ishilove a mod? Or you just wan make she notice you so that you fit begin start to dey beg am for straff?

huh?

So what is the solution now? Soludo has started talking because of the election in Anambra. All these people can't help.

@ Funlordmaniac ... I believe she's a supermod unless she's dropped said position.
you can stop talking like a drunk now.

sonofthunder:
@ Funlordmaniac ... I believe she's a supermod unless she's dropped said position.
you can stop talking like a drunk now.

You are definitely high on cheap drugs! Why don't you ask her yourself for a better clarification? Or you can as well mention one of the other mods and find out!

No be only supermod na superwoman! All these NL kids that don't know their history sef!

Funlordmaniac:



You are definitely high on cheap drugs! Why don't you ask her yourself for a better clarification? Or you can as well mention one of the other mods and find out!

No be only supermod na superwoman! All these NL kids that don't know their history sef!

How did you come to the conclusion that she isn't? which of the mods did you ask?

sonofthunder:

How did you come to the conclusion that she isn't? which of the mods did you ask?

I have my ways! She used to be a romanceland mod as of 2015 before she got the boot/resigned! Just ask around...it is only new members that still call her name when they are opening threads! Just ask her sef...she would confirm it!

I hope some brainless security organisation who dont have any useful thing to do with them selves will no start harrassing this fellow over nothing

“The economy is not just in recession; we are suffering from massive economic compression"

Amazing assessment

Useless government

No be only Compression; Na Depression. Awon Were

Funlordmaniac:




I have my ways! She used to be a romanceland mod as of 2015 before she got the boot/resigned! Just ask around...it is only new members that still call her name when they are opening threads! Just ask her sef...she would confirm it!

in conclusion can we say you have an obsession for her as you know and keep so much details on her...
p.s a newbie wouldn't know if she was ever a mod
p.s.s. ....... ....... ....................

two guys fighting over a hot chick in politics section hmmmmmmmm

baralatie:

two guys fighting over a hot chick in politics section hmmmmmmmm

I don't know about him but I'm not fighting for any chick but he needs to know his comment was out of line... he made no reference to the other monikers mentioned.

he is saying we are in worse than a recession. i have no idea what that means, but it cant mean deflation..prices are skyrocketing. i do know businesses are dying deaths of a thousand cuts. maybe thats what he means. in any case someone change the title..its misleading

birdman:
he is saying we are in worse than a recession. i have no idea what that means, but it cant mean deflation..prices are skyrocketing. i do know businesses are dying deaths of a thousand cuts. maybe thats what he means. in any case someone change the title..its misleading

In compression everything shrinks and what it means is that the economy is getting smaller and smaller,if there is a recession and companies still stay afloat then that is still manageable. But when 45 out of 60 companies in a place close down,that means,less ppl at work,less money in the economy. I maybe wrong though

onatisi:

In compression everything shrinks and what it means is that the economy is getting smaller and smaller,if there is a recession and companies still stay afloat then that is still manageable. But when 45 out of 60 companies in a place close down,that means,less ppl at work,less money in the economy. I maybe wrong though

yah thats what i thought too. tons of little companies, and some big international ones just gave up and quit. frustrating

Nigeria is suffering from illiteracy...Nigeria is suffering from internal hemorrhage