I can remember when die hard Buharist were tendering their apologies for installing Buhari on us, now you and I have the opportunity to rewrite this wrong but yet, same people crying and attempting suicide are still the one shouting sai Buhari...

Have you really asked yourself if everything is fine?

When will your own mumu do?

If same people who told you ambode is now the worst governor as against their usual claim, are now telling you Buhari is the best, I think you are the person something is wrong with no offense.

Just know whatever action any leader takes affects you too.

Short memory

We also did not forget the 16 yrs of looting by the PDP.

Can it be compare to the 16years of misrule and suffering under pdp?

Courtesy of Pdps mass looting and fall in oil prices.

ImDStar:
I can remember when die hard Buharist were tendering their apologies for installing Buhari on us, now you and I have the opportunity to rewrite this wrong but yet, same people crying and attempting suicide are still the one shouting sai Buhari...

Have you really asked yourself if everything is fine?

When will your own mumu do?

If same people who told you ambode is now the worst governor as against their usual claim, are now telling you Buhari is the best, I think you are the person something is wrong with no offense.

Just know whatever action any leader takes affects you too.

And you suddenly lost the billion of naira you accumulated under PDP, schmuck? Go back and meet Atiku, that NNPC is not for sale. His plan to enrich his friends is not going to work

ImDStar:
I can remember when die hard Buharist were tendering their apologies for installing Buhari on us, now you and I have the opportunity to rewrite this wrong but yet, same people crying and attempting suicide are still the one shouting sai Buhari...

Have you really asked yourself if everything is fine?

When will your own mumu do?

If same people who told you ambode is now the worst governor as against their usual claim, are now telling you Buhari is the best, I think you are the person something is wrong with no offense.

Just know whatever action any leader takes affects you too.

PDP e warriors/ looters, we haven't forgotten the 16 years of PDP where stealing was not corruption. People with short memory like you

You pity yourself for forgetting quickly how PDP stole our common to better a few.

The OP that wrote this must be related to dasukigate, fayose, deziani, Atikuthief, obilies, wicked wike or other rogues who only intentions are to loot Nigeria dry

budusky05:
The OP that wrote this must be related to dasukigate, fayose, deziani, Atikuthief, obilies, wicked wike or other rogues who only intentions are to loot Nigeria dry

You know they need to spread propaganda before the final burial of PDP this week

BMC crews, can you compare nnpc to Mobil or total?, can you in your hallucinating mind get a job at nnpc
Finally you have forgotten how prices of goods increased by 150% ,how pmb supported killer Fulani herdsmen in their land grab,crop destruction and killing spree
PDP might have been bad but APC is terribly wicked n bad
Grow up 30k stipend cannot guarantee you a good future

My brother don't mind them!
Many of them suffer from short memory.

That is to tell you how unreasonable some Nigerians can be.

m

Yambee:
We also did not forget the 16 yrs of looting by the PDP.

Apart from what APC was telling,what other evidence do you have that money was looted.
they have been in power for almost 4 yrs and have access to all the papers and yet they have not been able to present to Nigerians the evidence of the looting.
even Dasuki have been begging them to take him to court but they refused.
at one time ,Diezani wanted to come and defend herself and the said no.ask yourself what happened to the interpol warrant of arrest that APC was brandishing a few months ago.
the truth is there is corruption in the system even now but all those billions APC were quoting were all propaganda and based on false dossiers.

Yambee:
We also did not forget the 16 yrs of looting by the PDP.

Pls I want to ask you this simple question, define corruption and that term looting.

Afamed:

You know they need to spread propaganda before the final burial of PDP this week

I wish you can gain access to my Facebook account and see how in my own little way :de-marketed: Jonathan, and how I convinced my colleagues in school and home to give Buhari a chance.

Bro, after a year or two of Buhari government, I don't have that confidence to pass our street again and at the end I had to tender my apology.

Till date I prefer Buhari to Atiku in person but not as leader...
Truth be told, Buhari is weak.

focus7:
Can it be compare to the 16years of misrule and suffering under pdp?

With sincerity of heart, who are the people of the said 16 years of looting and misrule that are not in APC?

If they are deceiving you, must you deceive yourself?

God gave us brain to use

Afamed:

And you suddenly lost the billion of naira you accumulated under PDP, schmuck? Go back and meet Atiku, that NNPC is not for sale. His plan to enrich his friends is not going to work

And I believe you are working in NNPC or your family member is there.
If not, then my dear you need to rebirth yourself.

budusky05:
The OP that wrote this must be related to dasukigate, fayose, deziani, Atikuthief, obilies, wicked wike or other rogues who only intentions are to loot Nigeria dry

Tell me how many of the looters are in jail, perhaps no looters in APC or perhaps they ones in APC were never part of PDP..

Common sense is truly not common.

otuekong1:
BMC crews, can you compare nnpc to Mobil or total?, can you in your hallucinating mind get a job at nnpc
Finally you have forgotten how prices of goods increased by 150% ,how pmb supported killer Fulani herdsmen in their land grab,crop destruction and killing spree
PDP might have been bad but APC is terribly wicked n bad
Grow up 30k stipend cannot guarantee you a good future

How I wish I can like and share your intelligent post a million times! As it stands now, I am just watching Nigerians and I will know if they are sane and wants to live normal lives like other people across the world or if they want to die in suffering. I made sure I got my PVC today against all odds, and despite having changed residence from one part of town to another, I will still walk several kilometers from my house to my polling unit to ensure that I vote for Atiku/Obi. I will take all these inconveniences to ensure I satisfy my conscience in bringing about change to the deplorable situation of Nigerians but if they choose to suffer from Stockholm syndrome and vote for or even allow Buhari to rig himself back to office, then I will sit back and make a mockery of their suffering from 16th February onwards. Thank God I don't rely completely on the Nigerian economy for my livelihood since I work for people outside our shores and in return earn in hard currency. Therefore, my forex earnings will definitely cover whatever shortfall buhari's maladministration will bring out. However, the killings of herdsmen, unemployment, boko Haram killings, mass suicide, online begging for alms under all sorts of excuse, Biafra agitation, economic refugees dying on the Sahara desert or Mediterranean Sea in their futile attempt to enter Europe etc are issues that will never elicit any emotions from me. NOW IS THR TIME FOR NIGERIANS TO BE SOBBER AND CONSIDER IF THEY WANT TO TAKE THE PATH OF LIFE OR DEATH!!!

Go to the field and explains all this epistle to the electorates .

I have never seen any Pdp supporters crying of hunger or lost their jobs during Buhari's regime but they surely know friends of friends, relatives, colleagues.

Yeye dey smell

helinues:
Go to the field and explains all this epistle to the electorates .

I have never seen any Pdp supporters crying of hunger or lost their jobs during Buhari's regime but they surely know friends of friends, relatives, colleagues.

Yeye dey smell

Yea, but you have heard people crying of almost 200% increased in prices of goods, perhaps you equally experienced or you are still experiencing that.
True or false?

If u know how d brain of a black man functions, u won't b surprised seeing ppl supporting buhari. D reasoning capacity of a black man is flawed that's y no black dominated country is doing well. Even a mad man has a family, even a deadly gods has supporters same without an armed robber and terrorist. Black ppl especially black Africans are very very daft.

jpphilips:

IS BUHARI TRULY RESPONSIBLE FOR OUR ECONOMIC WOES?

A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance?
Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered.

Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock
it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth.

What are the effects of crude shock in oil producing developing economies?

Forex scarcity: Most developing economies whether oil producing or not, depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession.

Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession.

Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford.
In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation.

Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency.

Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate.
The local currency is allowed to float along a band the cbn thinks may not be too hurtful on the economy.
Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages.

Okonjo iweala then finance minister and coordinator of the economy actually warned Nigerians in 2014 long before buhari came that the level of mismanagement will bring hunger to us, read here: https://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html
If okonjo iweala saw this hunger in 2014, warned us about it, how can a sane person accuse buhari of bringing hardship?

Between 2015-2017, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone?
The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves,
It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings).

Permit me to take you down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS.
This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that came the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings.

Global economic meltdown is worse than crude shock because in a meltdown, major economies are affected, capital flight becomes common in developing economies, crude oil customers reduce demand thereby pushing prices lower, the saddest part is that no country has money to borrow anyone during global meltdown, yet Nigeria Survived it with Soludo's brilliant strategy. A strategy that was blatantly refused by the previous administration when suggested by Iweala, recall that Iweala worked with Soludo in that NEEDS team.


Fast forward to 2015, Three out of the top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $194b in a $156.1b economy (122% of GDP in savings).You can see that the Robust reserve of Algeria was their savior in this modern crude oil shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time (3.8% of GDP), that amount is not even enough to pay for imports let alone absorb global shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings?

Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself

Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg
They not only devalued their currency, they equally allowed it to float like Nigeria's
Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago.



Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF
https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/

Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016.
https://tradingeconomics.com/angola/unemployment-rate


Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday.
Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously.

Poverty in Angola
According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million.

I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria saved a whooping $194b when the going was good, as such its economy was immune to crude shock.

Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014.

Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014.

My country men, you can see that this suffering was brought upon us by mismanagement by the same people that are warming up to continue from where fate has left us, if buhari had $100b in our foreign reserve in 2015, we wont be hungry today, we wont lose our jobs, we wont lose our manufacturing industries, this is the truth that shall set us free!

Some even blamed it on Avengers attack of 2016

Niger delta avengers was a non issue, if you noticed, I expunged them from my initial analysis, here is why;
We were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock.

If Avengers did not strike, OPEC would have asked us to cut production to boost prices,
read:
https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years

So Avengers or any form of production cut at the time was a non issue. OPEC gave us production cut waiver because Nigeria has already declared force-majore in most of its crude oil export channels.

Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow?


The vice president being the economic manager of the country Launched the ERGP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks once again, not just crude shocks alone. (Algerian model)

The moment that money crossed $40b mark, forex shortages disappeared, importers stopped complaining, manufacturers stopped complaining of dollar scarcity, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy, inflation immediately responded to the potency of the ERGP from 18.8% in 2017 to 11.23% in 2018.
This reserve will boost investors confidence that the economy is liquid enough for profit repatriation, that is how the jobs will return, job creation is private sector driven, not govt.

Among the three oil dependent economies in Africa that landed in recession within the same period, Nigeria was the first to exit recession, that was historical & mind blowing, despite fighting terrorism and with a massive population, we did it first before any other country.

By Blocking loopholes Our Federal allocation that used to be a misery 311b naira in june 2016 is between 600-700b naira in presently.
This volume if held steady will continue providing liquidity that will surely inflate the economy.

Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects, rightly put, the economy is being diversified towards gas. (Russian model)
https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/

As you can see here, Manufacturing is gradually expanding, next will be jobs returning on its own


https://www.thisdaylive.com/index.php/2018/07/08/cbn-at-57-0-pmi-manufacturing-sector-expanded-in-june/amp/


We don't need Atiku's stealing to truncate an economic process already in recovery.


In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity.

Buhari is like a mechanic that was given a car to fix, only for the car owner to accuse him of being the problem of the car when he is yet to fix anything.

We shall never go back to past governments whose inaction landed us in this mess in the first place.
leadership in the past that we tasked to privatize our establishments, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished?

Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners?

Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lies peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku, we cant move from Abacha loot to Atiku loot at this perilous time.

Fraudulent Leadership that wants to sell 90% of NNPC robbing us of 74% of our forex needs, Leadership that wants to spend $90b annually building infrastructures when Nigeria earns less than $30b annually.

It will be very dangerous and retrogressive to have a leader that is in bad terms with the international community, remember that the united states is the Fulcrum of our war against insurgency, one will argue that if America doesn't sell arms to us we go to Russia, the world works differently now under Donald trump, ask yourself, why did Jonathan not go to those people when America sanctioned him under the Leahy's ban? Yet he sat idly and watched Boko haram slaughter tens of thousands eventually took LGA's? American ban is as good as a global ban, recall how South Africa seized funds Jonathan wanted to use for arms purchase, please dont ask me what is South Africa's business with a US ban, that is how the world works.

In 2017, the US congress passed a law called Countering America's Adversaries Through Sanctions Act, CAATSA to promote the America first agenda while sanctioning countries that do business with American's enemies. If Atiku (God forbid) becomes the president as much as thinks about going to Russia for help, Nigeria will end up in CAATSA web, and that is when the true Hunger will manifest.

Can you live under a US sanction like North Korea and Iran? can you live with a Boko haram that is out of control? A boko haram that once
bombed Abuja for fun but Today the once Almighty Shekau is in hiding? what about other support we get from the US like the USAID? free immunization? Polio prevention? HIV and AIDS vaccines? Machinery and oil and gas technologies etc? are you willing to throw away all these because of a criminal whose greed led him to commit atrocities in the United states or hate for Buhari that is built on lies?
When faced with these realities, Atiku will never achieve anything, rather he will steal what we have left and disappear like he did in the US.

May God help us!!

Watch Peter obi summarize this analysis

https://twitter.com/i/status/1058007016810123264

Nawao all these because of Buhari?

Think or reason again.

ImDStar:


Tell me how many of the looters are in jail, perhaps no looters in APC or perhaps they ones in APC were never part of PDP..

Common sense is truly not common.

Honestly you don't have common sense if you do you should by now see even the judiciary that should jail them is corrupt too. Ask me again mumu without common sense.

Afamed:

And you suddenly lost the billion of naira you accumulated under PDP, schmuck? Go back and meet Atiku, that NNPC is not for sale. His plan to enrich his friends is not going to work

That nnpc doesn't pay anybody, let him sell it off jare

budusky05:


Honestly you don't have common sense if you do you should by now see even the judiciary that should jail them is corrupt too. Ask me again mumu without common sense.

How can judiciary jail saint babachir Lawal, Is that even possible?

Is it not your saint bubu that's encouraging corruption?

The judiciary is learning corruption from Buhari administration if you don't know

ImDStar:
I can remember when die hard Buharist were tendering their apologies for installing Buhari on us, now you and I have the opportunity to rewrite this wrong but yet, same people crying and attempting suicide are still the one shouting sai Buhari...

Have you really asked yourself if everything is fine?

When will your own mumu do?

If same people who told you ambode is now the worst governor as against their usual claim, are now telling you Buhari is the best, I think you are the person something is wrong with no offense.

Just know whatever action any leader takes affects you too.

Dont sweat the small stuff,majority of them will change moniker to beg for money on Nairaland and beyond after insulting Igbos and claiming Buhari did so much for them and their region

Very dishonest folks...they accuse you of forgetting the "16years PDP hardship" yet the cost of living from 2015 to date has increased a 100 fold as well as the fact of 90% of the present APC members whom these charlatans eulogise were once in PDP.

How far today?

focus7:
Can it be compare to the 16years of misrule and suffering under pdp?