sarrki:
Gej , Stella oduah, Alison madueke, and ngozi did

7lives:
Yawns.
If only you can explain to me how we ended up with low reserve after making so much money, abi you no know say ALL THOSE THINGS YOU HIGHLIGHTED ARE A FUNCTION OF THE NATIONAL RESERVE?.
You better go and find out how Norway, SAUDI ARABIA, QATAR AND OTHER OIL DEPENDENT ECONOMIES survive the oil crash, BOTTOM LINE IS TO BUILD A BOGUS RESERVE TO FALL BACK ON, SIMPLE.
If your useless wasteful party PDP had summon the courage to build our reserve, the crashing oil price wouldn't have hit us that much.
My pain with pdp is that, THEY KNEW the consequence of not saving for the rainy day and still went ahead to commit such atrocities against the people of this country.
I know YOU ALSO KNEW WHAT HAPPENED in the last six years of pdp administration was terrible but, you choose to FEIGN IGNORANCE because you are PROFITING from the FLEECING that was going on.
You pretend you don't know how an economy works, shame on you.

Icecomrade:
[In those days when PDP destroyed the economy for 16 years,

A bag of rice was N7500

A litre of petrol was N87.

A dollar was N170.

A 'Bajaj' motorcycle was N82,000

A 10kg bag of Semovita was N1,100

A 10kg bag of Wheat meal was N700

The Lagos-Abuja transport fare was N2500

A 75ml of palm-oil was N70

A bottle of Coca cola was N60

A tin of Peak milk was N80

A pack of Ciprotab drug was N1100

Infact, Those guys destroyed the economy totally! Wicked people!!!

....... ....... .......

Thank God for our APC Messiahs that have come to revive the economy;

A bag of rice is now N16,000

A litre of petrol is now N350.

A dollar is N368!!!

A 'Bajaj' motorcycle is now N280,000

A 10kg bag of Semovita is now N3000

A 10kg bag of Wheat meal is now N2800

The Lagos - Abuja fare is now N15,500

A 75ml of palm oil is now N400

A bottle of Coca cola drink is now N100

A tin of Peak milk is now N220

A pack of 'Ciprotab' drug is now N3200

....... The most interesting fact about this is that

They did this in just 2years.

We need to give them 16years to do more.

_#God punish devil!!!!!!!_

Copied

7lives:
Yawns.
If only you can explain to me how we ended up with low reserve after making so much money, abi you no know say ALL THOSE THINGS YOU HIGHLIGHTED ARE A FUNCTION OF THE NATIONAL RESERVE?.
You better go and find out how Norway, SAUDI ARABIA, QATAR AND OTHER OIL DEPENDENT ECONOMIES survive the oil crash, BOTTOM LINE IS TO BUILD A BOGUS RESERVE TO FALL BACK ON, SIMPLE.
If your useless wasteful party PDP had summon the courage to build our reserve, the crashing oil price wouldn't have hit us that much.
My pain with pdp is that, THEY KNEW the consequence of not saving for the rainy day and still went ahead to commit such atrocities against the people of this country.
I know YOU ALSO KNEW WHAT HAPPENED in the last six years of pdp administration was terrible but, you choose to FEIGN IGNORANCE because you are PROFITING from the FLEECING that was going on.
You pretend you don't know how an economy works, shame on you.

jpphilips:


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

Guess Okonjo iweala was of APC abi? Dont borrow sense continue managing what you inherited.

Icecomrade:


This is a typical APC response to bad governance.
Lies and deciet .

Someone or Something to blame for the worse governance in the history of Nigeria.

The colossal failure is staring you in the face. You cant challenge the facts. You cant deny this.

APC is pathetic.

tuniski:

That is what a sound mind must say. And it takes another sound mind to avert the tough times. But what we have is a terrible team worsening a situation that should be averted. God bless NOI for the timely warning. And to those who instead of acting expeditiously decided to be lukewarm out of cluelessness, rather engage in trial and error till the whole economy boomerang, judgement day is February 16 next year!

Cjrane2:


Meanwhile Yusuf the teenage son of President Buhari who pretends austere lifestyle bought a N56 million naira motorbike toy even though he is unemployed. The most amazing is Buhari is so wealthy he didn't even notice N56 million was removed from just one account!

Nigerians deserve the suffering they imposed on themselves.

jpphilips:


I am glad you said NOI was a sound mind, may I quickly remind you that her warning came in 2014 while her govt was booted out 9 months after. Tell me, why did she not solve the problem to prove her suzereinty within the 9months she reigned supreme? Any guess??

tuniski:


Till the last admin left, we were not in this shit. Change came without plan,content and direction but empty propaganda now the result is clear to all.

sarrki:
Gej , Stella oduah, Alison madueke, and ngozi did

Cjrane2:


Meanwhile Yusuf the teenage son of President Buhari who pretends austere lifestyle bought a N56 million naira motorbike toy even though he is unemployed. The most amazing is Buhari is so wealthy he didn't even notice N56 million was removed from just one account!

Nigerians deserve the suffering they imposed on themselves.

7lives:
Yawns.
If only you can explain to me how we ended up with low reserve after making so much money, abi you no know say ALL THOSE THINGS YOU HIGHLIGHTED ARE A FUNCTION OF THE NATIONAL RESERVE?.
You better go and find out how Norway, SAUDI ARABIA, QATAR AND OTHER OIL DEPENDENT ECONOMIES survive the oil crash, BOTTOM LINE IS TO BUILD A BOGUS RESERVE TO FALL BACK ON, SIMPLE.
If your useless wasteful party PDP had summon the courage to build our reserve, the crashing oil price wouldn't have hit us that much.
My pain with pdp is that, THEY KNEW the consequence of not saving for the rainy day and still went ahead to commit such atrocities against the people of this country.
I know YOU ALSO KNEW WHAT HAPPENED in the last six years of pdp administration was terrible but, you choose to FEIGN IGNORANCE because you are PROFITING from the FLEECING that was going on.
You pretend you don't know how an economy works, shame on you.

tuniski:


Till the last admin left, we were not in this shit. Change came without plan,content and direction but empty propaganda now the result is clear to all.

nnachukz:

Yes after you have explained to us how we ended up buying fuel above N250 per litre when oil price has falling globally.
At above $100 pb we were buying at N85 per litre, now below $100 we are now buying at above N250 litre.
Who did this to you?

7lives:
Yawns.
If only you can explain to me how we ended up with low reserve after making so much money, abi you no know say ALL THOSE THINGS YOU HIGHLIGHTED ARE A FUNCTION OF THE NATIONAL RESERVE?.
You better go and find out how Norway, SAUDI ARABIA, QATAR AND OTHER OIL DEPENDENT ECONOMIES survive the oil crash, BOTTOM LINE IS TO BUILD A BOGUS RESERVE TO FALL BACK ON, SIMPLE.
If your useless wasteful party PDP had summon the courage to build our reserve, the crashing oil price wouldn't have hit us that much.
My pain with pdp is that, THEY KNEW the consequence of not saving for the rainy day and still went ahead to commit such atrocities against the people of this country.
I know YOU ALSO KNEW WHAT HAPPENED in the last six years of pdp administration was terrible but, you choose to FEIGN IGNORANCE because you are PROFITING from the FLEECING that was going on.
You pretend you don't know how an economy works, shame on you.

jpphilips:



That subsidy paid to enable you buy petrol at 87 naira per liter was the reason in part you had no buffer against global crude shock, ie if you know what that means.
Today, your external reserves have grown to $40b putting us on a huge pedestal against global down sides.
You have a choice to return to the old ways of buying cheap pms for your obsolete V8 engines and cry Buhari to the heavens of economic hardship in the future OR face the real world for what it is and live with a buffer when the chips are down. Economics is not rocket science.

jpphilips:


Oh really!! The problem is that you just left puberty so your parents just gave you access to the news who will blame you?

Read here again
https://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

After the almighty Iweala exhausted everything in her Academic Arsenal, she made another shocking confession that her solution to your problem is borrowing to pay salaries by 6th May 2015, 3 weeks before they were booted out, what does that tell you?
PDP has no answer to your misery, vote them again and experience misery plus kleptocracy, you will be back here crying like a retired witch, facts dont lie.

I can manage an APC borrowing for capital expenditures under the circumstance, not a pdp so clueless they couldn't figure out how to solve just one out of the myriads of economic challenges we had, ordinary salary. Thank your stars for Apc else you won't have access to the Internet by now that is if Boko haram hasn't sold you to the Libyans as a slave.[/color]

tuniski:

Lame.
Why will anyone in cyber space just go insulting? Certainly such a person is pseudo adult. I don't know how old you are but, your entry line doesn't portray you well.

By the way, this over used line of borrowing to pay salaries even under last admin simply shows someone shallow in financial management especially budgeting.

Fact: Nigeria economy was not in this shit as of May 29th 2015. 10.1m jobs now lost were still running, fx was still 197 to the dollar,pump price was still 87naira and inflation was single digit. The GDP was growing commensurate with our population growth at 5%+. It goes on and on. And you may come up with the crude price being high jargons!

tuniski:

Lame.
Why will anyone in cyber space just go insulting? Certainly such a person is pseudo adult. I don't know how old you are but, your entry line doesn't portray you well.

By the way, this over used line of borrowing to pay salaries even under last admin simply shows someone shallow in financial management especially budgeting.

Fact: Nigeria economy was not in this shit as of May 29th 2015. 10.1m jobs now lost were still running, fx was still 197 to the dollar,pump price was still 87naira and inflation was single digit. The GDP was growing commensurate with our population growth at 5%+. It goes on and on. And you may come up with the crude price being high jargons!

jpphilips:


I must have struck a chord with that entry line ouch!! Thats what you get when you discuss politics without fact check.
The economy was heading towards today's direction, you were still in puberty not to notice it, again I have proved to you with embellishments ofcourse that iweala couldn't do any better considering her antecedents at the onset of the crisis.
You don't need to feel insulted when you make dumb statements, that is the price you pay for ignorance.

You can now go back to your ignorant Buhari hatred choir!!

hardywaltz:
We know who crashed the economy no need for lies

ngeneukwuewuGOAT:
If them leave you now you go think say na intelligence responce you give so but we know you to be one of the misguided apc e-agent. God don dey punish una small small.

tuniski:

Ignorance is you! Go ahead with your drivel. You proved nothing.

We ain't heading into this poo not at all. Tough times foretold ain't same thing as hard times of recession. Nations beat recession and borrowing in itself is not wrong but, what it is put to.

A budgeting shortfall requires deficit financing. Which essentially is borrowing. What happened then was a sharp fall in oil benchmark, which necessitate borrowing.
Since buhari started making budget, the oil benchmark has always been superceded. That is to say, he has been having favorable price variance. But from day one, the govt. Has been borrowing massively with nothing to show.

nnachukz:

Since you know how the reserve was used, then stop asking useless questions. Growing the external reserves at the detriment of the well being of your people is very wrong. Come to think of it, has that positively affected our exchange rate. Not at all, if you check very well, at this present exchange rate nothing has actually been saved. Because our naira has badly depreciated. So in real sense of value nothing has been saved.

Has this administration truly removed subsidy? Don't you read the news or you just want to pretend it has been removed and that is why people are buying through their nose.

Nothing is on ground to better the future my dear. Stop this joke.
We are actually in Egypt now, we went back to the 1984 recession giver. Now we must find a way to drawn this Pharaoh in the Red Sea before we all get drawn in blood by his kinsmen.

jpphilips:


I can see you have a little sense, so I have to calm down, im sick of r@tarded irritants on the Nigerian cyber space who think Buhari is the reason they lost their @rection. Now listen!

Exceeding budgetry oil benchmark doesn't mean you don't have a budget deficit, this is because, oil finance your budget in part. using the 2016 budget as an example, that budget had a 2.13T deficit by default, while oil benchmark was placed at $38/2.2mbopd.

By the end of the year 2016, we had a $43 per barrel average with an abysmal production average of 1.6mbopd against the budgetary 2.2mbopd.

what people like you are oblivious of is that while you think there is a $5pbbl ECR somewhere, the production cut of 600k bbls per day has given you a deadlier deficit, added to the default 2.13T deficit.
If you understand this elementary fundamental then you shouldn't have a doubt why Buhari borrowed at the time.

while we both agree that borrowing is a necessary evil we can as well compare Gej's borrowing with Buhari's borrowing.

Both Governments borrowed to finance the war against terror, while GEJ dashed Boko haram 21 LGAS, 18 in Borno, 3 in Adamawa states, Boko haram themselves and several foreign media with ISR capabilities have confirmed BH is not occupying any territory in Nigeria today, as a matter of fact, the once arduous BH has been reduced to ambush laying cowards scared to sh!t by Buhari's borrowed funds.

Between August 2014 and may 2015 when global crude shock struck, I cant rem Jonathan completing any project with his borrowed funds, MOF, Iweala confessed using it for salaries alone, Buhari has completed a dry dock, TCN told us he has expanded our national grid to 7kmw from the 5kmw it was since I became an adult, NRC just told us that Buhari just completed Jonathan's railway project and so many others.

finally, with just a stable 2017, fairly crude average with minimal production disruptions, Buhari has emassed over $40b in our external reserve, an account Jonathan left at $19b despite having bumper sales for 4yrs. in 1yr Buhari has trumped Jonathan's wasted 4yrs, yet ingrates like you still talk in public.