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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Economy In A Merciless Condition – Tinubu (3293 Views)
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Nigeria’s Economy In A Merciless Condition – Tinubu by ticker(m): 6:43pm On Dec 18, 2015 |
The National Leader of the All Progressives
Congress, Asiwaju Bola Tinubu, says Nigeria’s
economy has hit a wall and is now in a
‘merciless condition.’
The former governor of Lagos State said this in
a statement by his media office on Thursday.
This is just as Tinubu is set to deliver the
keynote address at a lecture to mark the 10th
anniversary of the death of renowned historian
and activist, Dr. Yusufu Usman, at the Arewa
House, Kaduna, on Friday (today).
The APC leader said that it was unfortunate
that Nigeria wasted the opportunity of
diversifying its economy when oil prices were at
an all-time high.
Tinubu said Nigeria had been dancing on the
edge of economic disaster for several years and
failed to invest properly despite the warning
signs.
The APC leader stated this just as the naira fell
to its lowest level in Nigerian history on the
parallel market, trading for N280 against the
dollar on Thursday.
He said now that oil prices have plummeted,
the economy has got worse. Tinubu added that
there was no guarantee that oil prices would
rise in the near future. He, therefore, called for a
new way of thinking.
He said, “For decades, Nigeria danced in close
confines with economic disaster. In the past,
higher oil prices allowed us to dodge the worst.
We have survived but not thrived. Improvised
but not planned. Spent but not invested.
Laughed, drank and feasted but did not build,
construct or maintain. Now, Nigeria has collided
into a wall, merciless and immovable. The
present downturn in oil prices may be more than
just a transient slump in the business cycle.”
The statement added, “Tinubu seeks a new
economic paradigm. Nigeria needs economic
liberation. Before we can free our economy, we
must free ourselves of the economic myths
consigning us to our current predicament. To
achieve this objective, we must return to the
ideals and concepts of Dr. Bala Usman.”
At the Friday event, Tinubu would explore key
elements of the APC’s change agenda in
relation to the liberation theory of the late
Usman and within the context of the present
political and economic challenges facing
Nigeria.
In the keynote speech, Tinubu is expected to
offer a lucid economic analysis of what
confronts Nigeria and suggest innovative ways
to move the political economy forward.
The statement added, “He (Tinubu) will offer
fresh thinking on the way forward. The welfare
of the people must be the anchor of public
policy as this is in consonance with all that Bala
Usman taught and practised.”
The Emir of Kano, Emir Muhammadu Sanusi II;
Governor of Kaduna State, Nasir el-Rufai, and a
large number of northern intellectuals are
expected to also attend the lecture.
http://www.punchng.com/nigerias-economy-in-a-merciless-condition-tinubu/ |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by hippyj(m): 6:47pm On Dec 18, 2015 |
Blame Bubu. 1 Like |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Demmocrats(m): 6:48pm On Dec 18, 2015 |
Look whose talking..... 4 Likes |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by politricks: 6:51pm On Dec 18, 2015 |
Blame Dasuki the cheerful giver and his boss. 3 Likes |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Fairgodwin(m): 6:51pm On Dec 18, 2015 |
All we need now is a reliable solution and not just talks. I believe most Nigerians are already aware of the quagmire we are in(to), but please we want a way out. Thank you, Mr. Tinubu. 3 Likes |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by MzPecs(f): 6:54pm On Dec 18, 2015 |
Tell that to your bubu 4 Likes |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Tolexander: 6:55pm On Dec 18, 2015 |
politricks:blame all of them including Tinubu himself! 4 Likes 1 Share |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by unamadso: 6:57pm On Dec 18, 2015 |
Buhari is still campaigning. I will do this, I will do that. 2 Likes |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Godfullsam(m): 6:58pm On Dec 18, 2015 |
He is the national leader of the ruling party. Let him sit with the president and do something about the deplorable state of our economy instead telling us what we already know. 12 Likes |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by porka: 7:00pm On Dec 18, 2015 |
O boy, see Turenchi. 'Jagaban' don vex. Mercilessly! 2 Likes 1 Share |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Raptureminded(m): 7:01pm On Dec 18, 2015 |
Hmmmmm.... End time economy state |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Nobody: 7:07pm On Dec 18, 2015 |
Absolute truth. 1 Like |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Nobody: 7:08pm On Dec 18, 2015 |
Godfullsam:There is no quick fix |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by divinehand2003(m): 7:13pm On Dec 18, 2015 |
“For decades, Nigeria danced in close confines with economic disaster. In the past, higher oil prices allowed us to dodge the worst. We have survived but not thrived. Improvised but not planned. Spent but not invested. Laughed, drank and feasted but did not build, construct or maintain.Now, Nigeria has collided into a wall, merciless and immovable.'' as quoted by Tinubu. |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by TonyeBarcanista(m): 7:14pm On Dec 18, 2015 |
Past governments did terrible job when they held sway. It is incumbent on Buhari to salvage the situation. Nigerians didn't vote APC to wail or whine. 3 Likes 1 Share |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Teryfik(m): 7:21pm On Dec 18, 2015 |
Wu is he complainin 2.... |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Liftkid(m): 7:38pm On Dec 18, 2015 |
Nigerians wanted change and they have gotten it. Goodluck Nigerians |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by EternalTruths: 7:46pm On Dec 18, 2015 |
Tinubu shut up Tell Buhari to embrace True Federalism which will greatly catalyze the diversification of our economy 2 Likes |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by coolzeal(m): 7:54pm On Dec 18, 2015 |
The economy hardship coming to Nigeria is like a catastrophe.... This million dollar question is. How prepared are you? Greece will be like a joke. |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by drss(m): 7:54pm On Dec 18, 2015 |
persin no fit xpress himself again for dis place. na so so ban ban pipul dem sabi. d thunder way go fire d mod way ban me dey smoke indian hemp for bush! Even if dem show GEJ on video robbing World Bank, He still remains my Hero!!!!!!!!!!!!! 6 Likes |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by africandictator(m): 7:55pm On Dec 18, 2015 |
see his hypocritical utterance, he is one of the contributors to the free falling nigerian economy. I think mr tinubu would be very happy to see nigeria turn to a feudalist state. Most especially lagos, then he can excercise his feudal autocractic power as a lord, and trample upon his wailing serfs. This is not only his dream but that of the rest of the Apc party cacus. I think they have all nursed this dream/ambition of looting Nigeria from childhood. Smh! heartless men! 2 Likes |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by africandictator(m): 7:56pm On Dec 18, 2015 |
see his hypocritical utterance, he is one of the contributors to the free falling nigerian economy. I think mr tinubu would be very happy to see nigeria turn to a feudalist state. Most especially lagos, then he can excercise his feudal autocractic power as a lord, and trample upon his wailing serfs. This is not only his dream but that of the rest of the Apc party cacus. I think they have all nursed this dream/ambition of looting Nigeria from childhood. Smh! heartless men! |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by miqos02(m): 7:58pm On Dec 18, 2015 |
hmmm |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by drss(m): 8:02pm On Dec 18, 2015 |
MzPecs:him not fit. dem don ban d brown teeth corrupt man from aso rock. |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by suxkill: 8:03pm On Dec 18, 2015 |
by next year tinubu will join us. the wailing wailers!!! the mod that ban me,God pass u!!! |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by bamite(m): 8:04pm On Dec 18, 2015 |
Here |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by drss(m): 8:05pm On Dec 18, 2015 |
EternalTruths:dem a.b..o.ki know d truth but will never accept it. D zoo must fall. 1 Like |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by MzPecs(f): 8:19pm On Dec 18, 2015 |
drss:Hehehehehe |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by lawani: 8:23pm On Dec 18, 2015 |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by Nobody: 8:52pm On Dec 18, 2015 |
For tinubu to make this statement is an indication that he is not in good terms with Buhari. |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by 989900: 9:03pm On Dec 18, 2015 |
Love Machine: |
Re: Nigeria’s Economy In A Merciless Condition – Tinubu by musicwriter(m): 9:04pm On Dec 18, 2015 |
Only science can solve the poverty problem of a nation, not holding lectures. Ignorant elites everywhere!. First of all, in order to begin the journey to our economic freedom we must pursue true education, especially as it concerns science education. The current model of education that we inherited from colonial Britain and France does not support development in Africa. In fact, western education is anti-development. That's ultimately why we're poor. Western powers don't want you to know this. I proved it conclusively in the part 1 and 2 of the link on my signature. Science + Technology = Industry. Science + Technology + Industry = Development. It's that simple!, Africa cannot develop without investment in grassroots science. |
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