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Nairaland Forum / Nairaland / General / Politics / Past Government Refused To Save For The Rainy Day – Buhari (1765 Views)
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Re: Past Government Refused To Save For The Rainy Day – Buhari by Nobody: 6:55am On Jun 28, 2016 |
mrvitalis:hmmm u must defend mediocrity. As of May 2015 we don't have it bad like this, this poo started when Buhari travelled to Saudi Arabia he came back with that so called FX Policy. The international Body(imf) was against it, business men like Capital oil were speaking against it. But they allowed that policy to detoriate our economy. Taking the economy back to where it was before is now a struggle. So forget about the oil price.. Obasanjo met worse 1 Like |
Re: Past Government Refused To Save For The Rainy Day – Buhari by onatisi(m): 7:02am On Jun 28, 2016 |
EMMAUGOH:God bless you 1 Like
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Re: Past Government Refused To Save For The Rainy Day – Buhari by pode(m): 7:02am On Jun 28, 2016 |
How long will Nigeria continuing on this blame game govrmnt |
Re: Past Government Refused To Save For The Rainy Day – Buhari by mrvitalis(m): 7:56am On Jun 28, 2016 |
wordychap:What was the wage bill by 1999 What was the minimum wage? ? What was the national budget? ? |
Re: Past Government Refused To Save For The Rainy Day – Buhari by Nobody: 8:04am On Jun 28, 2016 |
Re: Past Government Refused To Save For The Rainy Day – Buhari by wordychap: 8:14am On Jun 28, 2016 |
mrvitalis:You should as well ask What was the shape of the Nigerian economy in 1999 and what was the shape during handover in 2015? What was d GDP in 1999 and what was it in 2015? For the budget, buhari increased it to 6trillion in d face of dwindling oil prices, when other oil dependent countries are reducing their budget. U can help me ask him d magic he intends to pull. |
Re: Past Government Refused To Save For The Rainy Day – Buhari by Nobody: 8:30am On Jun 28, 2016 |
Only an incompetent someone blames others for their actions..i never believed someone cld be so stupid at old age nd wit status like buhari 1 Like |
Re: Past Government Refused To Save For The Rainy Day – Buhari by onatisi(m): 8:45am On Jun 28, 2016 |
Lykar:
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Re: Past Government Refused To Save For The Rainy Day – Buhari by mrvitalis(m): 8:50am On Jun 28, 2016 |
wordychap:The budget is just a projection.. . It has no effect what so ever in the economy... The money spent on the economy is Our foreign reserves would barely last 6 money's even if it's more than that's of 1999 but that of 1999 would last for over a year... Demand is growing so is demand for forex... Jonathan should not have handed over anything below $100 and that's would have held save the naira.. . With $26 billion there is no magic anyone can do. .. That's the bitter truth we need to accept... Our dollar demand is over 5 billion dollars per month and our dollar earnings per month is far below 3 billion.. So what happens?? This is basic economics my friend. .. Jonathan failed and as such we will have to live with it for years unless u oil prices go up |
Re: Past Government Refused To Save For The Rainy Day – Buhari by MadamExcellency: 9:19am On Jun 28, 2016 |
mrvitalis: You and Buhari also are part of the problem for not hearing when Amaechi told his ordinance how he looted River State for Buhari's campaign even before Wike's Inauguration. The excerpts; Rivers State Governor, Hon. Chibuike Amaechi, has declared that the governor-elect, Chief Nyesom Wike, was in for difficult times as there would be no money to run the state. “God answered our prayers to save us. He also answered our prayers to save Nigeria. I’m not joking, we have no money anywhere. In Rivers State, no money. I think Nyesom Wike is coming, we are waiting. He will look for money for salary; there is none. Luckily for us, we endured these pains because we had to pay our loans. Source: http://www.thisdaylive.com/articles/amaechi-tough-times-await-wike-in-rivers/209652/ |
Re: Past Government Refused To Save For The Rainy Day – Buhari by wordychap: 9:23am On Jun 28, 2016 |
mrvitalis:When will u wake up and face d challenges at hand n stop blame game? During Jonathan's time d North-east of Nigeria was virtually in war n lots of money was used to execute d boko-haram insurgency the opportunity cost being the low savings; thanks to those that swore to make that govt. ungovernable. The state of d economy buhari met is far better than what obasanjo met in his time. What's this about Jonathan failed? for the lay man d prices of things in Jonathan's time compared to d sharp contrast in just 1 year of buhari's reign is pointer to who's failed. The economic turmoil we're in now is bc of buhari's policies n his stance to peg d naira rather than allow it slide, now companies v folded n many r out of job then he jumps out of his slumber to allow a flexible FX policy when d harm's already been done. We are running a TSA; a strict one at that, every govt. parastatal is feeling d pinch likewise banks thereby laying off staff. There 's enough money in d Nigeria coffers n we're tired of this complains, buhari should get aviable economic team in pplace n watch Nigeria get out of this predicament, but alas, a bigot can't get d best brains to do d work if he doesn't like them. |
Re: Past Government Refused To Save For The Rainy Day – Buhari by mrvitalis(m): 9:28am On Jun 28, 2016 |
wordychap:What money was used to fight bokoharam?? The one they used for campaign?? First of all naira is based on dollar... if u don't understand that u need to read money in economic text The dollar demand far out match the supply.. . This will wikean the naira and that's our main problem U import goods not with naira but dollars |
Re: Past Government Refused To Save For The Rainy Day – Buhari by wordychap: 10:31am On Jun 28, 2016 |
mrvitalis:In your mind ALL (or most) d money that was signed to fight boko haram was used in campaign. I guess d weapons buhari's still using to execute d boko haram battle were produced in d north. U free to believe anything that makes u happy. |
Re: Past Government Refused To Save For The Rainy Day – Buhari by mrvitalis(m): 10:37am On Jun 28, 2016 |
wordychap:And before Jonathan came our army only used stone to fight |
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