Sincere 9gerian:
Gbam!

look @ d sources , ur best news site " Premium Times " not sahara report

OAM4J: Could be for the better. Hopefully Nigeria Government at all level will put on their thinking cap, find/develop other sources of income and rely less on oil.

gbam , fact and 100% in support

highlandre: You don't need to be an economist to know Nigerian economy's trapped: it operates in the realm of theory, but on how it impacts the people, the opposite is the case. A case study is the height of umeployment among the teeming graduates! I'm happy the minister herself confessed to this.
As for those who're saying there are different investors in the country currently, note that our production oil is a big factor in measuring the poise of the economy, and how this would determine budgetary performance.
If you want to understudy the persormance of any economy, measure the rate of employment vis a vis national policies and investments.

does a bouyant economy means less unemployment? Think!

US, CHINA, UK all av high unemployment rate. So, what is ur point?

U can't really blame d govt for d poor ones. At least, the few that ventures into a little biz can give u a positive testimony. But all the rest who expect economy boom to result to 'staying at home and receiving a credit alert in their acc' will die waiting!

If U think is easy..lemme vote U in and let's watch you fumble d 1st day#to any personalizer

angelinvestor: Nigeria is in danger, yet thousands of entrepreneurs and investors from South Africa, Lebanon, China, India, etc are trooping to Nigeria to invest and the stock market is booming. Well, it all depends on your own perspective. It you believe Nigeria is toast, then it is toast to you.

Lets put it into perspective: All the countries you have listed are some of the worst to deal with. Check out all the companies these people run, its all slave labour ( I know you will be quick to point out MTN). If they are not slave labour, they are Ultra protectionist.

Nigeria is toast for foreign coutries because we do not protect ourselves & we cant protect because we dont produce. The stock market has not benefitted the Nigerian Economy as much as it has benefitted Foreign and Rich Nigerian profit takers. A Stock market should provide production companies with cheap funds but at the end of the day, the foreign multinationals who are listed on them receive the cheap funds and on the other hand are involved in excessive capital flight. Dont lets even go into what the Nigerian Conglomerates do with the cheap funds.

In a nutshell, the Nigerian economy is a big scam/racket where the foreigners come and rape whilst the owners of the land watch helplessly

Bokoharm wat kill our economy

angelinvestor: Nigeria is in danger, yet thousands of entrepreneurs and investors from South Africa, Lebanon, China, India, etc are trooping to Nigeria to invest and the stock market is booming. Well, it all depends on your own perspective. It you believe Nigeria is toast, then it is toast to you.

Look at the people you mentioned. Lebanese, Chinese, and Indians. Criminals all. These people are not coming to invest, they come to trade. And the real investors we need, the one who actually put down decent structures on ground, employ our people and pay decent wages are not coming, in fact they are leaving, because they'd rather not touch Naija with a ten foot pole. The only place you find them is in the sector where proifts are too good to pass up: i.e the oil sector.

The World Bank Witch and her IMF cohorts are planning on how to trap nigeria to borrow more money from them and further dish out their poisonous conditions and austerity measures on us. I wonder what they will want after taking all the National assets, maybe our women will be used to borrow money by then.
Nigeria is borrowing billions every 4 months or so but they are not telling you the conditions on which these transactions were carried out. I strongly believe that the people should agitate to be informed on the conditions which we borrow these money , it is really important the masses know. Buhari fought against this world bank/ IMF demons and Western backed IBB overthrow him and gave us SAP, Abacha fought against same demonic forces and he was assassinated to have the zero conscience Obasanjo to initiate the sale of Nigeria piece by piece in the Name of Forced IMF deregulation and libelization polices and now to Jonathan we stupidly installed an IMF proxy as our Finance Minister ? With all the dooms they created all over Africa and the other parts of the world we are still stupid enough to put somebody that recieved her paycheck from an organisation that predicted our breakup come 2015, an organisation that is abhorred throught south america and far east, an organisation with a very bitter history with west Africa as our Finance minister. Ok lets look on.

Ah ah! aunty ngoo na u dey tok dis one again Lmao! dis our obodo 9ja is funny o. Do i take it to mean that d HONOURABLE MINISTER is talking from both sides of d mouth? Na wah for our leaders sef

Rather than being truthful to Nigerians about the economy, Ngozi has joined politicians in being economical with truth. We also find a president who endlessly gives directives that are never enacted. We find in him, a watchdog that has neither teeth nor bite. He spoke tough about Nigeria being the only nation in the world where crude is stolen and directed an immediate end to it. Where are we today? His proclamations have proven, over time, to be mere ploy to buy time. This regime evidently is clueless on the way out of the woods.

Yeye woman...which day Nigeria economy ever good to this woman....every time Nigeria economy is either collapse, dead, cripple to this woman....
You can tell them to increase tax so that Nigerian economy will be good...that's what you are good at...

thoth: The World Bank Witch and her IMF cohorts are planning on how to trap nigeria to borrow more money from them and further dish out their poisonous conditions and austerity measures on us. I wonder what they will want after taking all the National assets, maybe our women will be used to borrow money by then.
Nigeria is borrowing billions every 4 months or so but they are not telling you the conditions on which these transactions were carried out. I strongly believe that the people should agitate to be informed on the conditions which we borrow these money , it is really important the masses know. Buhari fought against this world bank/ IMF demons and Western backed IBB overthrow him and gave us SAP, Abacha fought against same demonic forces and he was assassinated to have the zero conscience Obasanjo to initiate the sale of Nigeria piece by piece in the Name of Forced IMF deregulation and libelization polices and now to Jonathan we stupidly installed an IMF proxy as our Finance Minister ? With all the dooms they created all over Africa and the other parts of the world we are still stupid enough to put somebody that recieved her paycheck from an organisation that predicted our breakup come 2015, an organisation that is abhorred throught south america and far east, an organisation with a very bitter history with west Africa as our Finance minister. Ok lets look on.

^
Well said!
If this is true then the ugly witch has succeeded in selling us to the devils.

Guk:

Lets put it into perspective: All the countries you have listed are some of the worst to deal with. Check out all the companies these people run, its all slave labour ( I know you will be quick to point out MTN). If they are not slave labour, they are Ultra protectionist.

Nigeria is toast for foreign coutries because we do not protect ourselves & we cant protect because we dont produce. The stock market has not benefitted the Nigerian Economy as much as it has benefitted Foreign and Rich Nigerian profit takers. A Stock market should provide production companies with cheap funds but at the end of the day, the foreign multinationals who are listed on them receive the cheap funds and on the other hand are involved in excessive capital flight. Dont lets even go into what the Nigerian Conglomerates do with the cheap funds.

In a nutshell, the Nigerian economy is a big scam/racket where the foreigners come and rape whilst the owners of the land watch helplessly

Moderators of Nairaland, pls check your software..... I wrote "come and rape' but its presented as "come and molestation" how come?

....i neva did believe dis country was moving forward....GEJ is just too slow in everything...chei God .i did hope sha.

One thing that never cease to amaze me is the sheer arrogance and stupid justifications of our "economic team" whenever it is trying to justify why our government need to keep borrowing more and more.
Despite unprecedented oil windfalls, reduced debt service burden and better revenue collections this government still propose to take us back into another debt trap. Now economy is showing the red signal. God help us out.

So the arguments that the amnesty which was granted to the Niger Delta militants led to a rise in oil production in trillions barrels or dollars, or whatever was an exaggeration and not even correct. ANKIO BRIGGS AND KUKU MUST reconcile their quotation and figures brandished to journalist in the past in the defense of these claims. Besides some juicy contracts of pipeline protection were awarded to some of the ex militants, yet crude oil theft continues unabated. Who is stealing our crude oil? Why can't we easily figure this out as a country? And who is buying them? Which account is being used to receive the money got from the sales? Where is EFCC and whether banking transactions are no longer being checked? So many questions begging for answers! Which way Nigeria then. NNPC has remained unaccountable to Nigeria. NEITI recently exposed what could best be described as can of worms about the mess in the NNPC yet no one can ask the Hon Minister of Petroleum to explain. So why is this not a clueless govt with a retarrrddeeen political structures called fresh air democracy?

Symphony007: The thing that jumped out of me in this article was "CRUDE OIL THEFT"....this thing will soon snuff out the life of the nigerian oil industry. It is going on in both a commercial and subsistent scale: right now bunkering and local refineries in the niger delta creeks are so much that youths from the north are being brought in to work in the local refineries, oil bunkering in the niger delta is now becoming like the mexican drug cartel. There are some bosses are the top who own the refineries with workers stealing the oil..some are now even assasinating rivals.

Recently shell and some other oil companies shut down their entire oil pipelines because theft is now so much, they cannot follow up the trend and when this oil get out of control and spill, they will still be taken to court and pay damges, after all this how much is their corporate profit? And this is dangerous at a time when many countries around the world are finding oil. The oil companies present here can just pack up and leave leaving nigeria's undiversified economy imploading!! I belive progress is being made in other sectors of our economy but oil is still our main stay and we must not joke with it..never!!

This is what happens when you employ a thief to guard your house, GEJ gave the militants billions of dollars contract to protect pipeline and here Щέ are. If we call him clueless now some people wld want to jump outta their skins.

Symphony007: The thing that jumped out of me in this article was "CRUDE OIL THEFT"....this thing will soon snuff out the life of the nigerian oil industry. It is going on in both a commercial and subsistent scale: right now bunkering and local refineries in the niger delta creeks are so much that youths from the north are being brought in to work in the local refineries, oil bunkering in the niger delta is now becoming like the mexican drug cartel. There are some bosses are the top who own the refineries with workers stealing the oil..some are now even assasinating rivals.

Recently shell and some other oil companies shut down their entire oil pipelines because theft is now so much, they cannot follow up the trend and when this oil get out of control and spill, they will still be taken to court and pay damges, after all this how much is their corporate profit? And this is dangerous at a time when many countries around the world are finding oil. The oil companies present here can just pack up and leave leaving nigeria's undiversified economy imploading!! I belive progress is being made in other sectors of our economy but oil is still our main stay and we must not joke with it..never!!

Very, very well said. In the long run, the effect of crude oil theft on our economy may be just as bad, if not worse than Boko Haram.

Nigeria economy have been dead for a long time with 156 Naira to $1.Please tell us something we don't know

When is it out of danger? Abeg make she park well bo!

The economy is under their management therefore, they have failed and have not managed the Nija economy well

"Jonathan's Destiny is to Bankrupt Nigeria" - Tunde Bakare ( January 2012).

[size=18pt]BREAKING NEWS .... OUR ECONOMY, NIGERIAN ECONOMY, IS IN DANGER.[/size]

I WONDER WHY THIS SOUNDS LIKE SOMETHING WE HAVE ALWAYS KNOWN ALL ALONG

IT IS JUST LIKE COMING TO TELL US THAT YOU WILL GET KWASHIOKOR IF YOU KEEP EATING RICE EVERY DAY JUST AS
NIGERIA IS EATING CORRUPTION EVERY MINUTE.

Nigeria operates mono economy (overdependence on oil). In recent times, more and more countries are discovering oil. It is natural that demand will fall. Amidst high recurrent expenditure in the country (with lion share being used to finance corruption), Nigeria is in serious trouble.Of recent, Nigeria could not pay to televise live some very important Super Eagles matches to Nigerians. I think that is one of the symptoms of ailing economy in the case of govt known to be very reckless in spending.I think there may be tough time ahead for people who cannot control there expenditure and save for the raining day. Just like egypt did in the time of Pharao (Biblical story), start planning for the future now!

SLIDE waxie: does a bouyant economy means less unemployment? Think!

US, CHINA, UK all av high unemployment rate. So, what is ur point?

U can't really blame d govt for d poor ones. At least, the few that ventures into a little biz can give u a positive testimony. But all the rest who expect economy boom to result to 'staying at home and receiving a credit alert in their acc' will die waiting!

his point is if truly the economy is bouyant then it should be obvious in the country.

booqee: someone tell iweala that we knew dat already. They don't need telling us. What they need is to swing into action and find means the repair the damages. At least they're the ones at the helm of power. They shouldn't come and cry to us the citizenry. Mtcheww.....

exactly

If the basis of the imminent collapse is diminishing crude oil cash then its a good thing. If a drunkard is going to die because misus is hiding the booze why should I be bothered. Let him eat food instead. His potruding beer belly that's attracting the babes (foreign investors) should not mask his decaying liver.

Diversify the economy Okonjo like the faithful housewife of Nigeria you are.

uceee: Very, very well said. In the long run, the effect of crude oil theft on our economy may be just as bad, if not worse than Boko Haram.

If something is bad and dangerous to you why continue sniffing it. Either quit or destroy it. With all the calamity oil has brought this country, I thought it will be our collective sleeping and waking dream to move as far away as possible from that dangerous stuff.

What are the people at NIPSS paid to do. If they cannot see that in ten years Nigeria may not have access to more than 100,000 barrels of oil per day even if Tompolo is made NNPC GMD then their salaries should be NFF'ed.

then resign. thats the rule

why won't the economy be in danger when all u and ur pdp partners do is stealing on daily basis?

Obvious D̶̲̥̅̊ economy is I̶̲̥̅̊n̶̲̥̅̊ a collapsing trend. Who would beg these leaders to reduce embezzlement and corruption for the sake of this and forthcomin generation?