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Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by goodnewz4u(m): 11:23am On Sep 13, 2016 |
Please fellow Nigerians, I got this article from a friend who said he got it online, …Said it was written by Oby Ezekwsili… From Oby Ezekwesili I still find it funny that most people don't know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining everything. It's also myopic to think that if Jonathan were to still be in power, we would be worse off. The truth about Nigeria's recession is this; it was caused by the president's unguided rhetoric and uncultured body language. Firstly, there is nothing we are buying today that we weren't buying 5 years ago, therefore it's not our purchase that put pressure on Naira but withdrawal of funds by foreign investors. After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail. The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate. Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush. To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free FALL. In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall. To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such tiny time frame. Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market. The fear of the unknown created by PMB is responsible for the economic downturn not low oil price. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan & Chase will not mind borrowing $50b from Feds at 0.5 and put in Nigeria for return of %2000 profit. Citi bank will do the same, likewise US Bank Corp. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and misseducated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge. Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians. For your information, if your president "kontunu" with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking. What Do You Think, True 6 Likes 3 Shares |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by HtwoOw: 11:34am On Sep 13, 2016 |
Da Fuq? |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Scream(m): 12:06pm On Sep 13, 2016 |
FeeeDeeeFeee... power to the people! Knowledge is power, the party is now without knowledge. All have sinned...but the idiot that wrote that nonsense up there is a regular PDP member.. brainless! An economist of Oby's status can put her name to that sh!t even if you blackmail her. Guy, take it down except you are a f00l... vanguard has apologised. 4 Likes 1 Share |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Emmaoga: 12:11pm On Sep 13, 2016 |
not every mad person roams around the street unclad. we still have some EDUCATED MAD PEOPLE.. and pls Nigeria is way bigger than this woman. she is always seeking unnecessary attention while she was the architect of her downfall. |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by plaetton: 12:35pm On Sep 13, 2016 |
Scream: It pain you. Cognitive dissonance can be very painful. 2 Likes |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by plaetton: 12:37pm On Sep 13, 2016 |
Emmaoga: Did you learn anything from the article, irrespective of who wrote it? Are you capable of comprehension without attacking the author ? 3 Likes |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by goodnewz4u(m): 12:42pm On Sep 13, 2016 |
Scream:but before its taken down, my question is… Is this true of false Thanks ! 1 Like |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by GoggleB(m): 12:44pm On Sep 13, 2016 |
. |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Biafman: 1:40pm On Sep 13, 2016 |
Though EzekweSILLY was a useful, but now useless idiot traitor, she got everything right in this her recent write up above. The Daura President has no brain and his zombie followers are the most stupid bunch on earth. 2 Likes |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Nobody: 2:45pm On Sep 13, 2016 |
She might not be totally wrong. She is just trying to be honest as simply put by our own president with respect to David Cameron's negative remarks about Nigeria. The aftermath is what we are passing thru now! [size=20pt]INVESTORS' CONFIDENCE ERROSION[/size] http://www.premiumtimesng.com/news/headlines/203344-british-pm-cameron-right-saying-nigeria-fantastically-corrupt-buhari.html |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by GoodMuyis(m): 4:39pm On Sep 13, 2016 |
source |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by dumie(f): 4:53pm On Sep 13, 2016 |
Seems she has grown some senses to realize all these 1 Like |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Nobody: 5:00pm On Sep 13, 2016 |
If Buhari is this clueless then he should appoint competent minds. |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by goodnewz4u(m): 11:22pm On Sep 13, 2016 |
CeoMYN:But I don't think he will do just that due to selfish and religious sentimentalism !!! … That's my own grammer ! 1 Like |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Cjrane2: 11:28pm On Sep 13, 2016 |
Hunger has reduced the mentality of the average Nigerian to reason 1 Like |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by xelly: 12:12am On Sep 14, 2016 |
Emmaoga: Your writeup shows how mad you are. Is only a mad man that will say what you have written. Can you summarise what she said in 5 sentense to show you have the capabilities to comprehend? 1 Like |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Nobody: 6:44am On Sep 14, 2016 |
goodnewz4u:Then he should resign 1 Like |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Boleyndynasty2(f): 7:33am On Sep 14, 2016 |
She raised some good points....Some idiots here need to stop attacking the messenger and really read d message 1 Like |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by otitokoroleti: 8:27am On Sep 14, 2016 |
UNDILUTED TRUTH. ONLY A SENSELESS PERSON WILL HAVE DIFFERENT OPINION ABOUT THESE. 1 Like |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Nobody: 8:32am On Sep 14, 2016 |
Vanguard has apologised publicly that it wasn't Oby Ezekwesili that penned that. Why are you still commenting on a fraudulent article, possibly written by a PDP agent? |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by goodnewz4u(m): 6:01pm On Sep 14, 2016 |
Boleyndynasty2:The message is clear ! |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by goodnewz4u(m): 6:07pm On Sep 14, 2016 |
Ioannes:So you're telling us here that Vanguard publishes unfounded news on their daily news paper… which getting news from a fake source ?? … don't you think that it was a treat that made them come back publicly to renounce an already published news (article) ? *And if am to ask you… what actually do you think that made Nigerian Economy to come crumbling down after APC took over (Under 1 year ) ? |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by goodnewz4u(m): 6:09pm On Sep 14, 2016 |
xelly:Please take it easy with him ! |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Zainey338: 7:18pm On Sep 14, 2016 |
Hello every one, how are you? |
Re: Bomb Shell From Oby Ezekwesili On Why The Nigerian Economy Is Down ! by Mynd44: 8:20pm On Sep 14, 2016 |
8. Don't post false information on Nairaland |
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