Politicalidiot:
I refuse to believe this. the Economist is not written. by Lai Mohammed. The London guys work in hand with Liar Mohd. It is the English people that are buffon

Also, check my signature. now u've checked it. now u see nothing there.

#Political Idiot

Politicalidiot:
I refuse to believe this. the Economist is not written. by Lai Mohammed.
Also, check my signature. now u've checked it. now u see nothing there.

#Political Idiot

Bevista:
There you have it. Treat your dad/child/wife/etc the way you want others to treat them.
---
We abuse GEJ and PMB without realizing that we are inadvertently desecrating the seat of The President, Federal Republic of Nigeria. Other Nationals now have the temerity to call a former Nigerian president a Buffoon. Would they address president Obama or Bush like that?

Sadly, this despicable tag on GEJ will resonate with a lot of Nigerians who will throng this forum to validate their prejudice, instead of them to call the newspaper to order. It is totally unacceptable for the Economist to address a Nigerian president with those words.
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Irrespective of whatever grudges we may have, I think it's better to focus on criticizing the policies, actions or inactions of the president (GEJ/PMB) rather than hauling insults on their person.

OgbeifunErom:



Sorry I totally disagree with you!

They have used the best word to describe the worst President Nigeria has ever had.

He is nothing but a Buffoon and an inglorious fool.

What else can they call a man that presided over the greatest heist ever seen in Africa? A man that opened the floodgates of Nigeria's public finance infrastructure to all his friends all because he wanted to win a second term.

Actually, the Economist is quite liberal. For them to have qualified the retar.d called Jonathan as a buffoon, they must have access to information that supports that qualification.

I will be very happy for them to judge Buhari in same manner if he fails.

OgbeifunErom:



Sorry I totally disagree with you!

They have used the best word to describe the worst President Nigeria has ever had.

He is nothing but a Buffoon and an inglorious fool.

What else can they call a man that presided over the greatest heist ever seen in Africa? A man that opened the floodgates of Nigeria's public finance infrastructure to all his friends all because he wanted to win a second term.

Actually, the Economist is quite liberal. For them to have qualified the retar.d called Jonathan as a buffoon, they must have access to information that supports that qualification.

I will be very happy for them to judge Buhari in same manner if he fails.

evansvenus:
They just insulted the office he once held, we as nigerians are setting bad precedence for others to gladly follow,we insult the office of the president with reckless abandon and we expect the international community not to follow suit? It is jonathan today,it might be buhari tommorrow.

EdCure:
Jan 30th 2016 | LAGOS

the previous president,Goodluck Jonathan, an ineffectual buffoon who let politicians and their cronies fill their pockets with impunity.[/b] Lai Mohammed, a minister, reckons that just 55 people stole $6.8 billion from the public purse over seven recent years.

The very first step in learning or creating change on a learning curve is to call things as they are.
'when you call a spade a spade, you'll understand what to do with it "


http://www.economist.com/news/middle-east-and-africa/21689584-cheap-oil-causing-currency-crisis-nigeria-banning-imports-no

EdCure:
Jan 30th 2016 | LAGOS

MORE than 30 years ago, a young general swept to power in the fifth of Nigeria’s military coups since independence in 1960. The country he inherited was a mess: bled dry by pilfering politicians within and hammered by falling oil prices without. Last year that general, Muhammadu Buhari, became president again—this time in a democratic vote. The problems he has inherited are almost identical. So are many of his responses.
In the eight months since Mr Buhari arrived at Aso Rock, the presidential digs, the homicidal jihadists of Boko Haram have been pushed back into the bush along Nigeria’s borders. The government has cracked down on corruption, which had flourished under the previous president, Goodluck Jonathan, an ineffectual buffoon who let politicians and their cronies fill their pockets with impunity. Lai Mohammed, a minister, reckons that just 55 people stole $6.8 billion from the public purse over seven recent years.

Mr Buhari, who—unusually among Nigeria’s political grandees—is said to have just $150,000 and a couple of hundred cattle to his name, abhors such excess. As military ruler he jailed, fired or forced into retirement thousands of bureaucrats whose fingers had been in the till. This time, the Economic and Financial Crimes Commission (EFCC) has arrested dozens of bigwigs, including a former national security chief accused of diverting $2.2 billion. The EFCC has a poor record of securing convictions; but a single treasury account has been introduced to try to stop civil servants siphoning off cash. And agencies which may not be remitting their fair share to the state are having their books trawled by Kemi Adeosun, the finance minister.
Such measures are doubly important because the economy is swooning along with the oil price. The sticky stuff directly accounts for only 10% of GDP, but for 70% of government revenue and almost all of Nigeria’s foreign earnings.

Oil’s price has fallen by half, to $32 a barrel, in the months since the new government came to power, sending its revenues plummeting. Income for the third quarter of 2015 was almost 30% lower than for the same period the year before, and foreign reserves have dwindled by $9 billion in 18 months. Ordinarily there would be buffers to cushion against such shocks, but Mr Jonathan’s cronies have largely squandered them. Growth was about 3% in 2015, almost half the rate of the year before and barely enough to keep pace with the population. The stockmarket is down by half from its peak in 2014.
Domestic oil producers are feeling the pinch worst. Many borrowed heavily to buy oilfields when crude was worth more than $100 a barrel, and are now struggling to pay the interest on loans, says Kola Karim, the founder of Shoreline Group, a Nigerian conglomerate. This, in turn, threatens to create a banking crisis. About 20% of Nigerian banks’ loans were made to oil and gas producers (along with another 4% to underperforming power companies). Capital cushions are plumper than they were during an earlier banking crisis in 2009; but, even so, bad debts are mounting and banks that are exposed to oil producers may find themselves in trouble. “It wouldn’t surprise me if one or two went down,” says a senior banker in Nigeria.
The government’s response to the crisis has been three-pronged. First, it is trying to stimulate the economy with a mildly expansionary budget. At the same time, it is trying to protect its dwindling hard-currency reserves by blocking imports. Third, it is trying to suppress inflation by keeping the currency, the naira, pegged at 197-199 to the dollar. Only the first of these policies seems likely to work.
The budget, which includes a plan to spend more on badly needed infrastructure, is a step in the right direction. Although government revenues are under pressure from the falling oil price, Mr Buhari hopes to offset that by plugging “leakages” (a polite term for theft) and taxing people and businesses more. That seems reasonable. At 7%, Nigeria’s tax-to-GDP ratio is pitifully low. Every percentage point increase could yield $5 billion of extra cash for the coffers, reckons Kayode Akindele of TIA Capital, an investment firm. Mr Buhari also plans to save some $5 billion-$7 billion a year by ending fuel subsidies—a crucial reform, if he sticks with it. Even so he will be left with a deficit of $15 billion (3% of GDP) that will have to be filled by domestic and foreign borrowing.

Yet his policies on the currency seem likely to stymie that. The central bank has frozen the naira at its current overvalued official rate for almost a year. The various import bans (on everything from soap to ballpoint pens) are supposed to reduce demand for dollars, but have little effect. Businesses that have to import essential supplies to keep their factories running complain that they have been forced into the black market, where the naira currently trades at 300 or more to the dollar. Several local manufacturers have suspended operations. International investors, knowing that the value of their assets could tumble, have slammed on the brakes and some have pulled money out of the country just as their dollars are most needed (see chart).
Nigeria is fortunate in having low levels of public debt (less than 20% of GDP), but it is not helped by high interest rates, which mean that 35% of government revenue goes straight out of the door again to service its borrowings. It would not take much to push it into a debt crisis.

http://www.economist.com/news/middle-east-and-africa/21689584-cheap-oil-causing-currency-crisis-nigeria-banning-imports-no

4Play:
We replaced an inept government with an even more inept government. Knowledge of the extent of the current government's ineptitude will accumulate overtime. When we had the buffoon GEJ as president, I can't remember any Western analyst who said he was inept barely 100 days into his tenure. His ineptitude only became common knowledge subsequently. Buhari will prove the same.

REDDEVILS1:
That man deserves to be called worse.

seaga:
The point is how did Nigerians voted him in the 1st place, and allowed him to ruin the economy of this great nation with his wife and mistresses i.e stella, diezani, NOE etc

ngoziama:




If goodluck is an ineffectual buffon then the writer I must confess is an ineffectual pig that lacks journalism ethics.

menxer:


He was "installed" by OBJ and co to spite some people.

Bevista:
There you have it. Treat your dad/child/wife/etc the way you want others to treat them.
---
We abuse GEJ and PMB without realizing that we are inadvertently desecrating the seat of The President, Federal Republic of Nigeria. Other Nationals now have the temerity to call a former Nigerian president a Buffoon. Would they address president Obama or Bush like that?

Sadly, this despicable tag on GEJ will resonate with a lot of Nigerians who will throng this forum to validate their prejudice, instead of them to call the newspaper to order. It is totally unacceptable for the Economist to address a Nigerian president with those words.
---
Irrespective of whatever grudges we may have, I think it's better to focus on criticizing the policies, actions or inactions of the president (GEJ/PMB) rather than hauling insults on their person.

lagosrd:


If you were in his shoes you wouldn't have fared any better. Kindly check yourself. How many leadership positions have you taken up yourself that you had a pass or did people speak well of you after you tried your best. You will agree with me that uneasy lies the head that wears the crown. Most of this economics are nothing but academic journal plagiarist. Copying peoples work up and down. Just think through no beefs and no insult brov

evansvenus:
They just insulted the office he once held, we as nigerians are setting bad precedence for others to gladly follow,we insult the office of the president with reckless abandon and we expect the international community not to follow suit? It is jonathan today,it might be buhari tommorrow.

seaga:


Let's be honest people voted for that man, particularly the youths spared headed by dbanj, re we quick to forget . Everyone was naming themselves Goodluck, not knowing the real meaning just illustrated by the publication. I was looking at people and marveled at the level of ignorance . people voted for him for silly reasons. Now everyone denied they never voted for him.

4Play:
As someone who called GEJ a buffoon in the past, I can hardly disagree with that adjective used in describing GEJ.


[url]https://www.nairaland.com/2577234/read-what-swedish-reporter-says
[/url]
But as my post above made months ago noted, GEJ's incompetence became common knowledge after a considerable length of time in power, though I railed about his shortcomings right at the outset. In the same vein, Buhari's sheer incompetence and utter buffoonery is still under-appreciated.

The Economist nailed its colours to the mast pre-elections by adopting the view that Buhari will make a better president. This was foolish in my view as history shows that Buhari's economic illiteracy was as deleterious as GEJ's blind spot for corruption. The Economist, having taken such a tendentious pro-Buhari view is invested in that view and continues to rationalise this even as evidence mounts, as clear from its own articles, that Nigeria is descending into an economic abyss facilitated by a gratuitously inept Buhari regime.

ngoziama:




If goodluck is an ineffectual buffon then the writer I must confess is an ineffectual pig that lacks journalism ethics.

flokii:


buh he is still a buffon na..

you people keep defending corruption cos it's ur brother/sister involved..

I hope you know this means.. nothing like presidency for you guys till mayb 2075

cheers

lookandlaff:



**** you think The Economist like Nigerian newspapers that you can pay to write articles in your favour or against your opponent?

flokii:


Ok!.. Mr Oxford dictionary that doesn't make mistakes with spellings

m glad you drew my attention to that (one of the most tangible thing you'll ever achieve)

you hero is nothing but a thief, a disgrace... so kill ursef if you like

free2blast:
You mean like doling out over $2billion as Christmas gift for his croonies? I give it to him because I dont think I can ever achieve the title of an "INEFFECTUAL BUFFOON".

Closedoor:


"Your" hero not "you" hero. Are you sure you had any basic education? Please choose a school and enroll.