The Untold Beginning Of Economic Recession In Nigeria

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Nairaland Forum  |  General | Welcome  |  Politics (Moderator: RichyBlacK)  |  The Untold Beginning Of Economic Recession In Nigeria
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Author Topic: The Untold Beginning Of Economic Recession In Nigeria  (Read 902 views)
e_abumere
The Untold Beginning Of Economic Recession In Nigeria
« on: October 01, 2009, 10:42 AM »

I was explaining to a friend the causes of the global recession, he kept quiet and just replied that Nigeria has always being in recession. It  then dawned on me that i have never seen a good Nigeria.

No power = high cost of Production = less amount of profit = unemployment and underemployment.  = recession

No railway = High cost of transport = Less profit = low standard of living  = recession

No proper Education = Greed from Leaders = No truth from politicians = vision less struggle  =   suffering of the masses = recession

A Nigeria that has a nice Educational system, a Nigeria that has Power, A Nigeria that encourages companies to come and invest in the country, a Nigeria that issues scholarships to outstanding students without using influence, A Nigeria that has Jobs for graduates, A Nigeria that,  so on and on. Nigeria is 49, Well i have hope that things will be nice. My children will see a good Nigeria.
candylips (m)
Re: The Untold Beginning Of Economic Recession In Nigeria
« #1 on: October 01, 2009, 12:35 PM »

the equation is even simpler

Extreme Poverty of Majority of population = Recession
e_abumere
Re: The Untold Beginning Of Economic Recession In Nigeria
« #2 on: October 01, 2009, 06:27 PM »

Recession = POVERTY     POVERTY = Armed robbery = early grave Angry
redsun (m)
Re: The Untold Beginning Of Economic Recession In Nigeria
« #3 on: October 01, 2009, 07:39 PM »

I asked a question before if an african can be diagnose medically of depression because in the real sense,almost every african of this present generation is born into a depressed situation apart from those born outside the third world,even in the organize world too,africans are still very much in a depressed situation,relegated to the background.I wonder why.

Depression and recession are whiteman's terms and problems.
blacksta (m)
Re: The Untold Beginning Of Economic Recession In Nigeria
« #4 on: October 01, 2009, 08:05 PM »

Nigeria has always been in recession but unfortunately we could not find a name for it until the Global Financial meltdown name was found in America
hackney (m)
Re: The Untold Beginning Of Economic Recession In Nigeria
« #5 on: October 01, 2009, 10:54 PM »

Nigeria might be an illusion  because some things happen in Nigeria that dont happen
anywhere else, if you think about it.

Nigeria might be a bad dream from which we may wake up one day(like in the matrix) because a real place can't
be that bad even in a competition to be wasteful and self-destructive.
A place where nothing works and the honest are persecuted and stiffled out of office for evil to reign.
sjeezy8
Re: The Untold Beginning Of Economic Recession In Nigeria
« #6 on: October 01, 2009, 11:02 PM »

how can you be in a recession in a developing country? lol

Nigeria never got on its feet to even get a recssion or depression lol

you people should thank god lmfao  Wink

Nigeria is among the least indebted countries in the world. Developing countries have their pros and cons because America, Uk,France, Italy, Japan were hit the hardest. Nigeria never had shit to begn with, but now if the government is smart, they can take advantage of the failures of developed Nations.

but i doubt they will even think to
Shola2009 (m)
Re: The Untold Beginning Of Economic Recession In Nigeria
« #7 on: October 01, 2009, 11:30 PM »

Yea, Nigeria has always been in depression! no be new thing na! it's just that we've adapted to live that way,so it seems normal to us
Nezan (m)
Re: The Untold Beginning Of Economic Recession In Nigeria
« #8 on: October 02, 2009, 10:26 AM »

At times, I do wonder how we struggle to survive in the midst of all these.
saworoide
Re: The Untold Beginning Of Economic Recession In Nigeria
« #9 on: October 02, 2009, 01:54 PM »

Nigeria, RICH Country; POOR people.
e_abumere
Re: The Untold Beginning Of Economic Recession In Nigeria
« #10 on: October 02, 2009, 02:37 PM »

Morals as taught in school is the source of development. Awolowo had a vision for the people of the west, today most of them are educated (he has being immortalized, RIP). Ahmadu Bello had the same drive for the north (Like wise), i am still trying to remember other sources of education for the other part of the country but that does not matter now. the point i am trying to raise is the fact that most of the people educated put us in this condition we are in by neither coming back to impact the acquired knowledge back to the country nor teaching morals . Gowon said Nigeria has so much money that to spend it is a problem during the oil boom era (70s) forgetting that there is something called rural to urbal traffic flux (lack of proper education in action). War is bad and good,  any objection in the house? let me explain,   after the world war countries were in shambles and had time to start again from the scratch. After the civil war Nigeria was not in shambles but almost in one, the government forgot about us because we were not born. If i may ask now, what i we going to do for the next generation,   
Hey, it is true oh. the words recession and meltdown were just the terms that came from the western world.
slimes (m)
Re: The Untold Beginning Of Economic Recession In Nigeria
« #11 on: October 02, 2009, 03:20 PM »

Ou own problem is not like recession. We've always had the same problems as we have now. In fact, this our problem no get name.
OAM4J (m)
Re: The Untold Beginning Of Economic Recession In Nigeria
« #12 on: October 02, 2009, 03:29 PM »

Recession don start tei tei, tipe tipe.

From Austerity Measures to SAP, to NEEDS & Reforms, and now Confusion & state of inactive

What we should be asking is what next? (Total Collapse?)
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