amakabaybee:

bushdoc9919:
Truth!

Look...Nigerians....we have no option.

All these years when we should have gotten off oil...we spent on over-importation of things we could manufacture.

The era of oil imports is over. Nigerians....please kindly tell your governors and PMB to develop our industries.

And by the way....if transformation worked....we would not have been here!

Taylor86:


wen i talk say sugar still dey some nigerians 4 brain una go say na lie

my brother God bless u


go open ministry

u see and envisage beyond T.B Joshua

socialmediaman:
[s]Read Carefully and Understand why all this is happening

Exchange rate doesn't just get devalued because of what happened today, it is as a result of what happened yesterday. Buhari's government hasn't done anything that warrants devaluation of our currency. Observe that the report said the devaluation has been long overdue, they were probably waiting for GEJ to win the election before they told us the truth about how bad things had become, hope you didn't forget when GEJ told workers on May Day to prepare for hard times.

During the Global Economic crisis of 2008-2009, Yar'Adua had saved up to $62 billion dollars from the $43 billion OBJ left in the Foreign reserve before leaving office, the CBN used some of this to cushion the effects of the economic crunch...

Fast forward to the time of GEJ, Nigeria started witnessing oil boom again, GEJ couldn't save anything in the foreign reserve, he rather depleted it to an all time low of $29 billion dollars, he could not even invest the money he didn't save into the economy, not even after causing hardship on Nigerians after increasing the price of petrol, remember it was this same period that he started wasting 2 trillion naira on subsidy thieves, it was all Jamboree, the most annoying part was that out of all these trillions, he could only afford to spend only N15 billion naira on Youwin project to create few jobs for the very youths who stood by him all through his jamboree government, but he was paying over 2 trillion to cabals who even abandoned him after he lost election.

Even with the oil price crumble, almost empty Federation account and only $29 billion in foreign reserve, Buhari was able to save $700 million in just 1 month to shore up our foreign reserve as a matter of urgency so that we won't be faced with hardship with the rising dollar, oil price fall and inflation.

Let's call a spade a spade, we are the ones who will suffer the financial crisis created by GEJ, we must support Buhari to recover all our money from GEJ and his cronies, they didn't steal money for us, thy stole for themselves and their families while we fight on their behalf, we must ask them to return our money. Leave only those who are being paid to support them them to do thier jobs, do not join them, let's all work together and put them to shame![/s]

atlwireles:


Develop industries with what?

socialmediaman:
Read Carefully and Understand why all this is happening

Exchange rate doesn't just get devalued because of what happened today, it is as a result of what happened yesterday. Buhari's government hasn't done anything that warrants devaluation of our currency. Observe that the report said the devaluation has been long overdue, they were probably waiting for GEJ to win the election before they told us the truth about how bad things had become, hope you didn't forget when GEJ told workers on May Day to prepare for hard times.

During the Global Economic crisis of 2008-2009, Yar'Adua had saved up to $62 billion dollars from the $43 billion OBJ left in the Foreign reserve before leaving office, the CBN used some of this to cushion the effects of the economic crunch...

Fast forward to the time of GEJ, Nigeria started witnessing oil boom again, GEJ couldn't save anything in the foreign reserve, he rather depleted it to an all time low of $29 billion dollars, he could not even invest the money he didn't save into the economy, not even after causing hardship on Nigerians after increasing the price of petrol, remember it was this same period that he started wasting 2 trillion naira on subsidy thieves, it was all Jamboree, the most annoying part was that out of all these trillions, he could only afford to spend only N15 billion naira on Youwin project to create few jobs for the very youths who stood by him all through his jamboree government, but he was paying over 2 trillion to cabals who even abandoned him after he lost election.

Even with the oil price crumble, almost empty Federation account and only $29 billion in foreign reserve, Buhari was able to save $700 million in just 1 month to shore up our foreign reserve as a matter of urgency so that we won't be faced with hardship with the rising dollar, oil price fall and inflation.

Let's call a spade a spade, we are the ones who will suffer the financial crisis created by GEJ, we must support Buhari to recover all our money from GEJ and his cronies, they didn't steal money for us, thy stole for themselves and their families while we fight on their behalf, we must ask them to return our money. Leave only those who are being paid to support them them to do thier jobs, do not join them, let's all work together and put them to shame!

empireSOMH:
[size=14pt]BABA ONE CHANCE WHERE IS THE ONE NAIRA TO ONE DOLLAR AS PROMISED.




BABA ONE CHANCE! BUHARI GIVES US #1 TO $1 AS PROMISED[/size]

socialmediaman:
Read Carefully and Understand why all this is happening
Exchange rate doesn't just get devalued because of what happened today, it is as a result of what happened yesterday. Buhari's government hasn't done anything that warrants devaluation of our currency. Observe that the report said the devaluation has been long overdue, they were probably waiting for GEJ to win the election before they told us the truth about how bad things had become, hope you didn't forget when GEJ told workers on May Day to prepare for hard times.

During the Global Economic crisis of 2008-2009, Yar'Adua had saved up to $62 billion dollars from the $43 billion OBJ left in the Foreign reserve before leaving office, the CBN used some of this to cushion the effects of the economic crunch...

Fast forward to the time of GEJ, Nigeria started witnessing oil boom again, GEJ couldn't save anything in the foreign reserve, he rather depleted it to an all time low of $29 billion dollars, he could not even invest the money he didn't save into the economy, not even after causing hardship on Nigerians after increasing the price of petrol, remember it was this same period that he started wasting 2 trillion naira on subsidy thieves, apart from that his government started granting fraudulent import waivers that caused Nigeria a loss of over $20 billion dollars, not to mention that his government through the NNPC mismanaged at least N3.8 trillion of Nigeria's revenue, it was all Jamboree. The most annoying part was that out of all these trillions, he could only afford to spend only N15 billion naira on Youwin project to create few jobs for the very youths who stood by him all through his jamboree government, but he was paying over 2 trillion to cabals who even abandoned him after he lost election.

Even with the oil price crumble, almost empty Federation account and only $29 billion in foreign reserve, Buhari was able to save $700 million in just 1 month to shore up our foreign reserve as a matter of urgency so that we won't be faced with hardship with the rising dollar, oil price fall and inflation.

Let's call a spade a spade, we are the ones who will suffer the financial crisis created by GEJ, we must support Buhari to recover all our money from GEJ and his cronies, they didn't steal money for us, thy stole for themselves and their families while we fight on their behalf, we must ask them to return our money. Leave only those who are being paid to support them them to do thier jobs, do not join them, let's all work together and put them to shame!

ChinoJeff:
Q1... Can this be the changes we have been expecting?

Q2... Does it mean that the APC were juz clamouring change as a their slogan witout proper plans to effect it?

Q3... Can Nigeria maintain her integrity as Africa's no.1 economy under this regime?

God help Nigeria as I dont kno who to call clueless president now between Buhari and Goodluck.

bushdoc9919:


At which point I refer to the examples of South Korea and Japan and even China and Singapore.

Raise education standards, invest heavily in industry, spend less on vanity projects....and stop importing things you can make.

I could summarize it as Living as if you have no resources.

APC better pass the books, and forget about oil. Because...the era of high oil price is over. America is now nearly a net producer of oil.

Dutch diseased nations don't do well.

atlwireles:


I asked a simple question, what resources.

bushdoc9919:


Brains and the available raw materials.....and education.

Simples.

atlwireles:


what raw material? you keep shouting industrialisation, please stop making this statement when you have no clue how to get there.

Taylor86:

ami nwanyi oma

bushdoc9919:
Truth!

Look...Nigerians....we have no option.

All these years when we should have gotten off oil...we spent on over-importation of things we could manufacture.

The era of oil imports is over. Nigerians....please kindly tell your governors and PMB to develop our industries.

And by the way....if transformation worked....we would not have been here!

melzabull:
Shut up! I know this is the type of st√pid excuses you minions will come up with.

The fact is that Buhari promised to make the country eldorado with his bogus campaign promises. We dont care how he does it, he should just fulfil his promises of better economy, better infrastructure, security, housing, etc.

Just spare us that silly 'transformation' excuse. If Obj didn't institutionalize corruption we wouldn't be here.

If the ab0kis didnt wreck this country with the decades of inept and corrupt military leadership, we wouldn't be here.

GEJ is out of the picture now, can you stop calling his name? Perhaps you will also blame your inability to reason properly on GEJ...nonsense

bushdoc9919:


And all that in 2 months? Some of us gave GEJ the benefit of the doubt for two years.




And GEJ did ......nothing about corruption. Cars were still being bought for $250million......




1.)Gowon was not an aboki.

2.Our resource dependency got us here. Read about Dutch disease.

3.Southerners are just as bad. Ask your local governor how much he or she has done since 1999.?



At least....he must take his share of the responsibility for leaving us oil dependent instead of changing things.

And yes...Buhari must do the needful and get us off oil. I am judging him on that.

melzabull:
BTW buhari getting you off oil? lwkmd...bros u got jokes, eh kwa?

bushdoc9919:


Oil price is dropping....and more countries are discovering oil (Even places like Cuba and Benin).

And the US no longer buys our oil.

So.....if Buhari wants to leave a good legacy...he would get us off oil. (See the article ''Pass the books ,hold the oil'' for an idea why).

Look....we have been here before. In 1982....we were here. Oil prices fell after nine years of high price...and within a few years we were so broke that we had to take IMF's SAP treatment.

At least some APC bigwigs are talking about diversification. Let's see if they are serious.(To be honest...I have my doubts).

And much of the Naira's fall happened under GEJ. And we were oil dependent when he came in...and we were oil dependent when he left. Plus...our foreign reserves got depleted by him.(Yes...some governors too were not good savers as well back then...so they share some of the blame). I expect Buhari's economic planners to sit up....but to pretend that it is all his fault is a joke too far.

P.S Naira rate to dollar in 2010.....N149. 2015 Jan N189...AND for much of that time guess who was in charge?

amakabaybee:


Nwoke oma
my igbo sucks

melzabull:
Oil prices have fallen no doubt and we don't export as much as we used to quite sure. GEJ may not have completed diversification but he started the process. Agriculture was given due attention under him. Local content bill was signed as he encouraged local manufacturing, he supported initiatives eg Innoson. I have not put any blame on bihari even thou boko bombing has Increased exponentially, lopsided appointments...*lip sealed*

On your last sentence, its N243-$1 today, it could be N300 by the time buhari leaves, hope you won't come back to fault GEJ? lol

atlwireles:


N300 to $1 before December 2015.

ayusco85:
Devalue it o. if it will make our economy better

socialmediaman:
Read Carefully and Understand why all this is happening

Exchange rate doesn't just get devalued because of what happened today, it is as a result of what happened yesterday. Buhari's government hasn't done anything that warrants devaluation of our currency. Observe that the report said the devaluation has been long overdue, they were probably waiting for GEJ to win the election before they told us the truth about how bad things had become, hope you didn't forget when GEJ told workers on May Day to prepare for hard times.

During the Global Economic crisis of 2008-2009, Yar'Adua had saved up to $62 billion dollars from the $43 billion OBJ left in the Foreign reserve before leaving office, the CBN used some of this to cushion the effects of the economic crunch...

Fast forward to the time of GEJ, Nigeria started witnessing oil boom again, GEJ couldn't save anything in the foreign reserve, he rather depleted it to an all time low of $29 billion dollars, he could not even invest the money he didn't save into the economy, not even after causing hardship on Nigerians after increasing the price of petrol, remember it was this same period that he started wasting 2 trillion naira on subsidy thieves, apart from that his government started granting fraudulent import waivers that caused Nigeria a loss of over $20 billion dollars, not to mention that his government through the NNPC mismanaged at least N3.8 trillion of Nigeria's revenue, it was all Jamboree. The most annoying part was that out of all these trillions, he could only afford to spend only N15 billion naira on Youwin project to create few jobs for the very youths who stood by him all through his jamboree government, but he was paying over 2 trillion to cabals who even abandoned him after he lost election.

Even with the oil price crumble, almost empty Federation account and only $29 billion in foreign reserve, Buhari was able to save $700 million in just 1 month to shore up our foreign reserve as a matter of urgency so that we won't be faced with hardship with the rising dollar, oil price fall and inflation.

Let's call a spade a spade, we are the ones who will suffer the financial crisis created by GEJ, we must support Buhari to recover all our money from GEJ and his cronies, they didn't steal money for us, thy stole for themselves and their families while we fight on their behalf, we must ask them to return our money. Leave only those who are being paid to support them them to do thier jobs, do not join them, let's all work together and put them to shame!