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Nairaland Forum / Nairaland / General / Politics / RECESSION: Buhari’s New Thinking - Vanguard Special Report (20984 Views)
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Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by Nobody: 6:26pm On Sep 18, 2016 |
kross01:So are you saying 15% of GDP is insignifacant? Do you know that 1% of Nigeria GDP (2015 book) is more than 5billion dollas? Should we ignore 5b dollas because is 1%? More so, if there is sharp reduction in revenue how will govt bail economy out. Economics theories (normative/positive/pure economics) are not english language you can put anyway you like ma bwoda. 1 Like |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by tuniski: 6:45pm On Sep 18, 2016 |
seunmsg:Recession means the economy is Shrinking! The number one forex earner is petroleum and the number one forex spender is petroleum products importation. Now do the maths! We are in recession because of buhari's poor leadership! |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by seunmsg(m): 7:02pm On Sep 18, 2016 |
tuniski: A shrinking economy is an economy that is experiencing negative GDP growth. Simply put, the economy is not growing. And yes, Buhari is responsible for the country's inability to refine petrol locally and hence, depends on importation. Buhari destroyed the functioning refineries that he inherited from Jonathan. Keep it up. |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by idupaul: 7:31pm On Sep 18, 2016 |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by Pins(m): 8:31pm On Sep 18, 2016 |
seunmsg:If you don't wake up sorry for you. For 1 year plus now you people are still blaming the past administration because APC has one guideline and that is propaganda Courtesy of pain Muhammed |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by AngryNigerian(m): 8:41pm On Sep 18, 2016 |
dealslip: Woohooo...what a piece! I wish to meet people like u in my future years! So "on-point" and inclusive!!! |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by IYANGBALI: 9:08pm On Sep 18, 2016 |
Mtcheeeeeeeeeeeeeeew. Abeg I dey hungry jo who get rat poison make I take soak dis my gari as sugar don cost |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by tuniski: 9:22pm On Sep 18, 2016 |
seunmsg:Sure buhari's leadership ensures we are in recession. We have been importing stuff long before buhari but,twice he led and twice we went into recession. America went into recession n depression were they mono economy or fantastically corrupt? |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by nortcentrallord(m): 12:13am On Sep 19, 2016 |
Bari22: Oil contributes 15% of our GDP, how does the drop in oil price take us into recession? This is just like telling me a shareholder holding 15% shares in a company can unilaterally decide the company's future. Drop in crude prices should have only affected our earnings but could never have driven us into recession, economic mismanagement did. And the chief contributor to such mismanagement is the constant policy summersault by the present government, nothing erodes investors confidence more than that. By cross01 and I concur. |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by nortcentrallord(m): 12:14am On Sep 19, 2016 |
blackpanda: Oil contributes 15% of our GDP, how does the drop in oil price take us into recession? This is just like telling me a shareholder holding 15% shares in a company can unilaterally decide the company's future. Drop in crude prices should have only affected our earnings but could never have driven us into recession, economic mismanagement did. And the chief contributor to such mismanagement is the constant policy summersault by the present government, nothing erodes investors confidence more than that...cross01 and I concur. |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by nortcentrallord(m): 12:27am On Sep 19, 2016 |
seunmsg: So your likes are privy to such complex knowledge about crude oil in the Nigerian context but clap whenever your folks say crude oil is not important and the people from the region should be treated anyhow. Now the reality has set in and to defend your paymaster, you just exposed yourself... Now the you have eventually mentioned GEJ in your blame game am sure you have had enough orga*sm already but don't forget in a hurry how your night in shining amour apc members (saraki, ameachi, oshiomhole) dragged the government of GEJ to court in order for the money in the Eca account to be shared and the court granted that. Should he had refused court order like the recent demotyrant is doing? Am sure some respect rule of law while others have no regard for it... GEJ is no saint so is buhari too. The money he spent in his time, he made. Buhari should learn to use his head and make what he will spend afterall obj met nothing when he ascended but he never cried to anyone. I wonder how one will be blaming his past teacher on his present performance when he was actually doing better under the former. |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by Aroh48(m): 1:39am On Sep 19, 2016 |
nototribalist:he's a chronic zombie. 1 Like |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by aristotlengr: 2:59am On Sep 19, 2016 |
okosodo: Cant you read, for christ sake, the article said "On the brink of recession". The level of education in this country has gone down the toilet. At least if we say the president is slow or not creative, he does not have age on his side. Where as, today's youth are showing that they have little knowledge of basic economics. The old man has thrown a challenge to you to "think-outside-the-box". These online forums should be centered around youth deliberating on new vibrant ideas or is it the responsibility of the older generation to do our thinking for us? It is very rare to find online youths having a scholarly debate centered around solving the problems facing the country, all you get are youths displaying their low IQ, like some of the forum members that would comment on this post. |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by Amitex(m): 3:10am On Sep 19, 2016 |
Silverstars: I thought I am the only one who noticed this. By the way, was Saharareporters.com not invited? OK, they have no chief editor |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by kross01(m): 7:31am On Sep 19, 2016 |
ogechieku: Read with clear mind, don't twist my words. At no point did i infer that 15% is insignificant in terms of earnings but what i maintain is that 'loosing ' 15% of your GDP should not push you into recession except you did something that somehow affects the 85% remainder. Ask your self if you earn 100k monthly from various ends and all of a sudden you stop getting 15k monthly, are you saying you will go become inactive instantly? That will only happen if you toy with what gives you the remaining 85k and if you are serious i believe you'll do all within your powers to ensure that 85k is constantly flowing |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by Nobody: 8:16am On Sep 19, 2016 |
kross01:So you are now using microeconomics to explain macroeconomics? OK! |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by kross01(m): 8:22am On Sep 19, 2016 |
seunmsg:I believe you are mixing things up. Check my write up again, i made reference to 2007/2008 GLOBAL financial crisis, i didn't talk about any crude oil price change except you are telling me that that crisis was caused by crucial oil then we might have ourselves a new topic for discussion. Also i never blamed Buhari for any gas investment or not,i only brought in gas to tell you that crude oil sales are not the only forex earner for Nigeria |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by Nobody: 12:34pm On Sep 19, 2016 |
tuniski:No! Is not when economy is shrinking. Economy can be shrinking yet it may not be melting down. Economy recession is when there is constant negative trend/growth even as factors of production constant years in years out. So if this happens in developed economies at same period of year then it will lead to World Economy Meltdown (WEM). Although meltdown has class, in what class is meltdown happening in Nigerian falls? that should be the question |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by Sixfootah(m): 12:51pm On Sep 19, 2016 |
Pesuzok:what investor will invest his/her in an economy with no direction |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by blackpanda: 1:26pm On Sep 19, 2016 |
nortcentrallord: Why did u get your imaginary figures from |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by tuniski: 4:31pm On Sep 19, 2016 |
ogechieku:Negative growth in a layman's language is shrinking. When u hear -2.06 growth, it means the economy has shrunk by 2.06%! |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by Nobody: 4:51pm On Sep 19, 2016 |
tuniski:Economy can shrink five times in a year but at the end of yearly low-high adjustment the economy will still have positive growth. In this kind of situation there is economy shrinking but no recession so, there can be economy shrinking and no recession but there cant be economy recession without economy shtrinking 1 Like |
Re: RECESSION: Buhari’s New Thinking - Vanguard Special Report by nortcentrallord(m): 11:50pm On Sep 19, 2016 |
blackpanda: Correct yourself and I 'll answer you and I am not into plagiarism so read through very well and you will get the message. |
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