madridguy:
Thanks GEJ.

Iamzik:


Bros what about obasanjo administration when crude was selling at 23per barrel?

Stop making excuses for cluelesness bubu

9jakohai:
There is a simple explanation, and no i am not defending the govt.

1.During GEJ'S govt, the oil price was $94-120. That meant we had enough dollars to buffer the naira...and as a result the value of the naira was stronger..meaning we needed fewer naira to import rice.

2.Now, during Old Man Bubu's govt, the price of oil has fallen to $28-65. This means we have less dollars to buffer the naira, and the value falls.Meaning we need more naira to import the rice.

3.If oil jumps up to $100 again, rice prices will fall...see1 .

4.What does this mean?

a)INCREASE DOMESTIC RICE PRODUCTION...via mechanised farming and irrigation

b)Get other sources of dollars...ie industrialization., industrialization.

Fin.

9jakohai:
There is a simple explanation, and no i am not defending the govt.

1.During GEJ'S govt, the oil price was $94-120. That meant we had enough dollars to buffer the naira...and as a result the value of the naira was stronger..meaning we needed fewer naira to import rice.

2.Now, during Old Man Bubu's govt, the price of oil has fallen to $28-65. This means we have less dollars to buffer the naira, and the value falls.Meaning we need more naira to import the rice.

3.If oil jumps up to $100 again, rice prices will fall...see1 .

4.What does this mean?

a)INCREASE DOMESTIC RICE PRODUCTION...via mechanised farming and irrigation

b)Get other sources of dollars...ie industrialization., industrialization.

Fin.

VellyG:

Common get out with this your analysis. This govt has failed simple.

FILEBE:
This too shall pass. Some people are just unfortunate to be in the wrong(right) place at the wrong time. I don't like Buhari's attitude towards fulani killings. He has not come out to caution his brothers. Every now and then, i hear these Hausas say they are children of Buhari and nothing can be done with them. A fight broke out between a Niger water seller and an Hausa water seller. You need to come see this fight. I swear this people get mind for fight . They were lifting each other up, one turned his back explaining cause of the fight when the other hit him with a strong stick on his neck. He used the edge. I was shocked.
All i hear the Niger guy saying was it won't be better for Buhari and blah blah blah. This aggravated the Hausa more. His fellow Hausas stopped by and were trying to shush the Niger guy for insulting Buhari. Mind you, Insulting Buhari wasn't the cause of the the fight but i am sure the Hausa guy must have said, "nothing will happen to me, i be Buhari pickin".

Apc and pdp have nothing good to offer Nigerians. Come 2019, let us surprise these people and vote neither of their candidates. They are not the only one contesting! Yes. Our votes count. Accord party won a constituent in LAGOS, so did pdp. Who would have thought that? 2019, we have the power against these one percenters.

nely:
Thank you GEJ, now we understood what you meant in 2015,that we will celebrate you when you leave office, please on behalf of my fellow Nigerians we are sorry

irynterri:
the problem is more like exchange rate of the dollars, if you would need 2M to set up a rice processing plant in GEJ's time you would now need 5M to set it up not to talk about maintenance

Bollinger:







Another problem in a long line of problems. Nigerians do not understand what leadership means hence their penchant for always idolizing the wrong one's. So, let's break down your logic. A bag of rice during Abacha's time was around N800 to N1000. Fuel was around N20 or 30N. With your way of thinking are you now saying Abacha is amongst the "greatest" (whatever that means) leaders in Nigeria? NIGERIANS; STOP USING YOUR STOMACHS TO DO YOUR THINKING FOR YOU. The real cause of your problems is right there in front of you but hunger and desperation no wan let una see road. What a people. Smh.

yeyeboi:
Bro you are on your own. If you like claim zombie or BMC na u sabi

princechurchill:
To my Muslim friends Merry Xmas and also rejoice with us over the declaration of Jerusalem as Israel's capital

9jakohai:


True.

Anyone who lived or heard of the 'oil boom era' of 1973-82, and how things fell apart after the crash of 1982...could have seen this coming.

This is what happens for any economy based on just one source of revenue.

If GEJ had won, things won't have gotten better...neither would Buhari have improved things if he appointed his ministers as soon as he took office.

My annoyance with the PMB govt though is that they did not tell Nigerians that we have to get off our overt reliance on oil...and that getting there involves some hard choices. Instead, they are waiting for oil to go above 100 USD...hopefully the 120 needed

Bollinger:


Suffer no good i swear. Kai. Smh.

sureheaven:
Mtchhw....... billions of dollars were stolen under his watch while a bag of rice is sold for 8k, to some people that's an achievement. A prodigal president, the only thing he didn't sign for sale is Aso rock. NO one is better between GEJ and pmb. If not that nigerians are used to easily forgetting their past ordeal, people will never commend GEJ for anything good. Same thing will happen when pmb leaves, some people will easily forget the sufferings under him and see him as their hero. Useless country sorrounded by worst leaders and cheered by senseless citizens

marooh:
What I don't like about rich people is that they thought that everything is simple....


Many families are Mr Lonely just because everyone deserted them...and they can't travel due to fuel increase.....

Kwontinuo Greeting until fuel hype to 450

9jakohai:
There is a simple explanation, and no i am not defending the govt.

1.During GEJ'S govt, the oil price was $94-120. That meant we had enough dollars to buffer the naira...and as a result the value of the naira was stronger..meaning we needed fewer naira to import rice.

2.Now, during Old Man Bubu's govt, the price of oil has fallen to $28-65. This means we have less dollars to buffer the naira, and the value falls.Meaning we need more naira to import the rice.

3.If oil jumps up to $100 again, rice prices will fall...see1 .

4.What does this mean?

a)INCREASE DOMESTIC RICE PRODUCTION...via mechanised farming and irrigation

b)Get other sources of dollars...ie industrialization., industrialization.

Fin.

9jakohai:
There is a simple explanation, and no i am not defending the govt.

1.During GEJ'S govt, the oil price was $94-120. That meant we had enough dollars to buffer the naira...and as a result the value of the naira was stronger..meaning we needed fewer naira to import rice.

2.Now, during Old Man Bubu's govt, the price of oil has fallen to $28-65. This means we have less dollars to buffer the naira, and the value falls.Meaning we need more naira to import the rice.

3.If oil jumps up to $100 again, rice prices will fall...see1 .

4.What does this mean?

a)INCREASE DOMESTIC RICE PRODUCTION...via mechanised farming and irrigation

b)Get other sources of dollars...ie industrialization., industrialization.

Fin.

psychologist:
Why is nobody saying #occupynigeria in January 2018

9jakohai:
There is a simple explanation, and no i am not defending the govt.

1.During GEJ'S govt, the oil price was $94-120. That meant we had enough dollars to buffer the naira...and as a result the value of the naira was stronger..meaning we needed fewer naira to import rice.

2.Now, during Old Man Bubu's govt, the price of oil has fallen to $28-65. This means we have less dollars to buffer the naira, and the value falls.Meaning we need more naira to import the rice.

3.If oil jumps up to $100 again, rice prices will fall...see1 .

4.What does this mean?

a)INCREASE DOMESTIC RICE PRODUCTION...via mechanised farming and irrigation

b)Get other sources of dollars...ie industrialization., industrialization.

Fin.

9jakohai:
There is a simple explanation, and no i am not defending the govt.

1.During GEJ'S govt, the oil price was $94-120. That meant we had enough dollars to buffer the naira...and as a result the value of the naira was stronger..meaning we needed fewer naira to import rice.

2.Now, during Old Man Bubu's govt, the price of oil has fallen to $28-65. This means we have less dollars to buffer the naira, and the value falls.Meaning we need more naira to import the rice.

3.If oil jumps up to $100 again, rice prices will fall...see1 .

4.What does this mean?

a)INCREASE DOMESTIC RICE PRODUCTION...via mechanised farming and irrigation

b)Get other sources of dollars...ie industrialization., industrialization.

Fin.

ffo:
Some Nigerians are actually regretting and asking for forgiveness.

9jakohai:
There is a simple explanation, and no i am not defending the govt.

1.During GEJ'S govt, the oil price was $94-120. That meant we had enough dollars to buffer the naira...and as a result the value of the naira was stronger..meaning we needed fewer naira to import rice.

2.Now, during Old Man Bubu's govt, the price of oil has fallen to $28-65. This means we have less dollars to buffer the naira, and the value falls.Meaning we need more naira to import the rice.

3.If oil jumps up to $100 again, rice prices will fall...see1 .

4.What does this mean?

a)INCREASE DOMESTIC RICE PRODUCTION...via mechanised farming and irrigation

b)Get other sources of dollars...ie industrialization., industrialization.

Fin.